Nov. 22, 2023 - Bannon's War Room
48:58
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. | |
| President Trump got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
unidentified
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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. Babb. | |
| It's Wednesday, 22 November in the year of the Lord 2023. | ||
| It's the eve of Thanksgiving. | ||
| We got a lot to get to. | ||
| Also been an incident on a bridge, on the bridge at Niagara Falls. | ||
| We'll get to that in a second. | ||
| Mike Lindell, I know you got a bounce. | ||
| You've got a big announcement here for the War Room Posse. | ||
| What do you got for us, sir? | ||
| Well, we've been doing the free shipping, everybody. | ||
| For my pillow, but now what we're going to do is we're going to do the, uh, from my store.com. | ||
| This is for entrepreneurs. | ||
| And, uh, if, uh, my store.com, you can use a promo code war room there too, and get free shipping on your entire order. | ||
| Steve, you've helped my pillow. | ||
| The War Room Posse is our number one supporter. | ||
| These entrepreneurs, they rely 100% on the USA products. | ||
| MyStore.com, use that code War Room and get your entire order ship for free. | ||
| Also at MyStore, or at MyPillow everybody, right now, order ships for free there too at that promo code War Room. | ||
| We've got MyPillow.com backslash war room and you're going to see if you have the graphic thing all the sort of stuff you have on sale everybody. | ||
| We have the Geese of Dream sheets on sale. | ||
| We've got MyPillow 2.0 on sale. | ||
| All the products are on sale and now we've added the free shipping 100% of your order ships for free and we're going to extend our Christmas guarantee Our 60 day money back guarantee to March 1st of 2024. | ||
| So now you have two places to do all your Christmas shopping and your order ships for free. | ||
| So Christmas shopping, order ships for free. | ||
| And if for any reason, I don't like it, I can send it back all the way up to March. | ||
| So it was like four months. | ||
| I can send it back. | ||
| Uh, if, uh, if I'm not a hundred percent satisfied, correct. | ||
| That's right. | ||
| That's how much we love our products. | ||
| And people love our products. | ||
| And they make the best Christmas gifts. | ||
| You guys, there's over 400 products on my pillow. | ||
| There's over 1,000 products on my store. | ||
| And you guys, as they open their gifts, if they want to change it out or something, or if they don't like it, they've got that guarantee. | ||
| So you have that comfort level. | ||
| All the presents you buy now today, get them with free shipping, you guys. | ||
| My employees thank War Room Posse. | ||
| You guys are number one supporter in the country now. | ||
| You have been for two months. | ||
| And all my operators standing by, they call the 1-800 number there to the... I think, Steve, you might have that. | ||
|
unidentified
|
And we've shipped every money over to shipping. | |
| So many employees over to shipping now. | ||
| Yeah, 800-873-1062, and when you call in, have a chat with them, let them know how much we're supporting them. | ||
| 800-873-1062. | ||
| We're not going to let the IRS mess with these people. | ||
| Mike Lindell, one more time, MyPillow.com, promo code WORM. | ||
| You got all the specials, everything, all for your Christmas shopping, your holiday shopping, and also, it's free shipping no matter the size of the order. | ||
| That's right. | ||
| I know you're out and about. | ||
| MyPillow beds, you can get it. | ||
| We make all our own mattress right here in the USA. | ||
| MyPillow mattress toppers and all of our stuff are six-piece towel sets. | ||
| Right here, I got the MyPillow 2.0, everybody. | ||
| The best Christmas gift ever. | ||
| 50% off, $49.98 for the queen size. | ||
| The king size, $5 more. | ||
| The beds though, the mattresses, 100% made in the USA. | ||
| Get it, get a gift for yourself. | ||
| This is the best time to use free shipping on that. | ||
| They're expensive to ship. | ||
| They come right to your door in a box, shipped right to your front door. | ||
| The best mattress you will ever sleep on. | ||
| Yeah, and it helps your sleep cycles, you have your REM Delta sleep, those pressure points, and if you're waking up and you have a new mattress or an old mattress, and you're asleep and you're going, hey, the same input's going to give you the same output. | ||
| You need a new mattress or a MyPillow Mattress Topper 2.0. | ||
| Those also, put them right over your mattress. | ||
| Change that mattress into the best mattress you've ever slept on. | ||
| That too, you got a 60-day money-back guarantee. | ||
| Those guarantees go all the way to March 1st now of 2024, all the way into March. | ||
| So, I can rest assured that everything you buy from MyPillow, the whole order ships for free. | ||
| They're going to love each and every product. | ||
| We have sleepwear everybody. | ||
| We have sleepwear. | ||
| We have mattress toppers. | ||
| We have dog beds. | ||
| We have stuff that you wouldn't think. | ||
| Bed and bath. | ||
| We have bath robes are on sale right now. | ||
| The best Christmas gifts are slippers. | ||
| You name it. | ||
| You can spend all day going through the website there. | ||
| All your shopping. | ||
| And we just wanted to make it special to thank the War Room Posse with this free shipping. | ||
| 100% of your orders ship for free. | ||
| And no matter if you can put a bed on there for yourself and recovering all the shipping costs. | ||
| So my employees, and by the way, because of you, War Room Posse, we've hired over 100 employees over the last couple of weeks. | ||
| Because you've kept the operators busy, kept the manufacturing busy, and now you're going to keep the shipping busy. | ||
| And this is our thanks to all of you. | ||
| Free shipping on your entire office, staff room, and corporate room. | ||
| You've made people's Thanksgiving. | ||
| That's what's so important. | ||
| This posse is unbelievable. | ||
| 1-800-873-1062. | ||
| Call and have a chat right now with one of the operators. | ||
| Mike Lindell, you have a great Thanksgiving, brother. | ||
| Look forward to seeing you over the holidays. | ||
| Yep, you too. | ||
| Thanks, Steve. | ||
| Mike Lindell, the man. | ||
| They're going after him because he's trying to defend our country, right? | ||
| Trying to stop the steal of the election. | ||
| The only way they can beat us this time is stealing. | ||
| And there's so many people thinking through every aspect of that to make sure it can't be stolen. | ||
| Mo, I want to thank you. | ||
| Is Mo up? | ||
| She's going to co-host with me today. | ||
| She's also, I think, going to co-host on Saturday. | ||
| You're also going to co-host with me, Mo. | ||
| I want to thank you in advance for doing that. | ||
| Mo joins me today. | ||
| Mo, I want to make sure, we're totally free. | ||
| People can get to Bill Blaster. | ||
| I know Grace is working on this, a bunch of new developments. | ||
| We got so much work to do when we get back after the holidays. | ||
| We're going to do the shows. | ||
| We got obviously the Black Friday special we always do. | ||
| This year we're featuring the entrepreneurs. | ||
| I'm trying to make sure that you guys are absolutely enthusiastic and understand what it means to be an entrepreneur. | ||
| We hope to inspire people. | ||
| The War Impostors is a very entrepreneurial group and hopefully inspire you to start your own business or take your side gig and maybe professionalize a little bit. | ||
| So we're going to have all the different sponsors coming on and talking about the arcs of their life as we obviously get you up to date with the news and everything that's going on to talk to them about the life and the challenges you face. | ||
| Mo, thanks for coming on. | ||
| Where do people get Bill Blaster? | ||
| Where do they get the podcast? | ||
| Where do they get the email? | ||
| It's all free. | ||
| We try to immerse everybody in information here. | ||
| The information being out there ubiquitous. | ||
| We touch you guys where you guys actually exist online and totally free. | ||
| So first the Bill Blaster app. | ||
| You can go to billblasterapp.org or warroom.org. | ||
| On warroom.org it has a little tab in the menu section that says get active and it'll take you to the page. | ||
| You click on that and it'll take you to the app store to download the Bill Blaster app. | ||
| You can also search in the Apple App Store for Bill Blaster. | ||
| Right now, we are currently in the process of making the Android and desktop versions. | ||
| They will be out shortly, but right now it's the Apple version. | ||
| And you can also go to warroom.org and at the very top, you will see a little thing that looks like an envelope and it says sign up. | ||
| You click there and you can sign up for our newsletter. | ||
| I highly encourage everyone to sign up for that and encourage your friends to sign up for it once you do. | ||
| As well. | ||
| Totally free and make sure it's a more immersive experience if you watch us online. | ||
| If you get it by podcast or you get it by a radio, this will give you all the charts or give you all the graphs and also get the video to be able to see it. | ||
| Do I have the I want to play EJ and Tony's going to join me, but I want to play. | ||
| I want to leave this segment. | ||
| I think it's 90 seconds. | ||
| Am I correct? | ||
| I want to play from Morning Joe. | ||
| Remember this polling about that's come out about President Trump and the rise of the MAGA movement. | ||
| Has shocked people particularly two statisticians are getting them is about African American men and Hispanic men now 49 46 supporting Trump and also people under 30 leaving Biden in in droves and guess where they're leaving for even with the power of tick-tock As a propaganda weapon, they're leaving, as we've said, because of the lived experience of their lives. | ||
| They feel like they're Russian serfs. | ||
| They don't own anything and they're not going to own anything. | ||
| Let's go and play this clip. | ||
| E.J. | ||
| and Tony from Heritage are going to join me on the other side. | ||
| We're going to break everything down on the economy, capital markets, all next. | ||
| Let's go and play the clip. | ||
| And it's the same thing with young voters, and I can't emphasize what you've said enough about this economy. | ||
| This economy disproportionately hurts Americans, I think, under 35, under 40, who can't afford their first home. | ||
| Who really can't afford to live the type of life that their parents lived? | ||
| Who see themselves falling further and further behind every single week? | ||
| And they hear us talking about how great the economy is. | ||
| And what I hear an awful lot, and I know you hear an awful lot, I hear younger Americans saying, I'm not seeing that. | ||
| I can't even afford to rent a house, let alone buy one. | ||
|
unidentified
|
Yeah, that's it. | |
| I mean, I would put myself in that category, honestly. | ||
| It's very difficult. | ||
| And I would also just say that the lack of real competition in American democracy at this point is a problem. | ||
| Because if those voters are looking at their choices as either Donald Trump or Joe Biden, and that's what the choices seem to be at the moment, The option is clear, but they're being asked to swallow a whole lot. | ||
| And so there's no real alternative that's saying, you know, hey, I will attend to your needs, because the Democratic Party has essentially, I believe for many years now, and this is not a new phenomenon, it has taken the votes for granted of both black people People of color in general and young people that hasn't changed and as these numbers really start to Deteriorate for Joe Biden. | ||
| You would hope that there would be more attention there. | ||
| Mm-hmm. | ||
| Mm-hmm Okay, welcome back I was actually looking at different clock but that's good EJ and Tony joins me now EJ Brother, I want to address that. | ||
| I want you to address that. | ||
| There's been this massive change in polling. | ||
| Young people feel they're not going to keep up with their parents. | ||
| They're Russian serfs. | ||
| And right there you see them making every excuse in the world, wow, there's no choice. | ||
| There actually is a definite choice between Trump's policies and what Trump delivered in his first term versus what the Biden regime has delivered, E.J. | ||
| and Tony. | ||
| Absolutely, Stephen. | ||
| You know, it's just ridiculous how we keep hearing this trope from the administration and their sycophants in the media about how there's this somehow a disconnect between people and the data. | ||
| No, there's not. | ||
| People understand what's going on. | ||
| You may massage statistics as much as you want, but that's not going to conform with people's reality because it doesn't conform with what you've done to the economy. | ||
| I mean, at the end of the day, look, people are voting with their wallets. | ||
| You know, Bill Clinton was right. | ||
| It's the economy, stupid. | ||
| And I think that is really, really going to weigh on the Biden campaign going forward. | ||
| I mean, that significantly weighed on the Trump campaign in 2020, even though obviously all of the disruptions from COVID were not his fault. | ||
| The economy was like a rocket sled on rails in the first two months of that year. | ||
| But that didn't matter come November to a lot of uninformed voters. | ||
| EJ, hang on, you've got, EJ's done, he's run the numbers and he's got a wake-up call for the American people and particularly Speaker Johnson when people get back next week. | ||
| We've said and we've pushed that we've got to have a plan. | ||
| The plan has to be very detailed and very focused in the run up to January 19th. | ||
| We want to know. | ||
| Now at the War on Posse, he's got Bill Blaster, he's got the app, it's become even a bigger force multiplier. | ||
| You've got operating leverage. | ||
| You guys are going to want to hear this. | ||
| We're going to take a break. | ||
| E.J. | ||
| Antoni is going to come back. | ||
| And guess what? | ||
| I think we've got a big old loss sitting on the balance sheet of the Federal Reserve. | ||
| 's been great about giving his heads up on the interest expense and everything else about this. | ||
| Another shocker. | ||
| Another shocker from E.J. | ||
| and Tony. | ||
| He ran the numbers. | ||
| He's going to express it and expose it all to you. | ||
| I want to thank the team over at Birchgold. | ||
| Birchgold.com and go there right now. | ||
| Understand the end of the dollar empire, the end of the dollars, the prime reserve currency, what it means for you and what it means for your family. | ||
| Birchgold.com back with E.J. | ||
| and Tony Moe Bannon in a moment. | ||
| Yes. | ||
| Oh, here we go. | ||
| Alexis McAdams is reporting that according to high-level police sources, the explosion was an attempted terrorist attack. | ||
| A lot of explosives in the vehicle at the time. | ||
| The two people who were in the car are deceased. | ||
| One border patrol officer was injured. | ||
| Driving from the U.S. | ||
| apparently to Canada, And we're trying to drive toward the CBP building. | ||
| So all bridges in the area have been closed. | ||
| All government buildings in the area have been evacuated. | ||
| Okay, this is on getaway day for Thanksgiving. | ||
| We'll be following this up at Niagara Falls. | ||
| Denver, if you can get me any more clips, that'd be great. | ||
| EJ, so this looks like a terrorist attack up on the American-Canadian border the bridge. | ||
| I think they've closed five bridges up there right now. | ||
| So getting more clarification as we go. | ||
| EJ, first of all, I want to put this chart up in a second, but I got to talk to my man, EJ. | ||
| EJ, on September 28th, on September 28th of this year, less than 60 days ago, we passed $33 trillion face amount of total national debt. | ||
| I think we're at 33.75 right now, roughly, national debt. | ||
| At the rate we're going, we could pass 34 trillion, I don't know, December, January, sometime around there. | ||
| I know the political class is still trying to avoid it. | ||
| Do people understand that within a hundred days we could add another trillion dollars face amount to the national debt? | ||
| Do people understand? | ||
| People in authority, do you believe, understand the scale of this crisis? | ||
| Certainly not the people in authority, Stephen. | ||
| Unfortunately, when we talk to the average voter, for example, When we talk to our friends and family and you start throwing around numbers in the trillions, those things are just so big that they get lost. | ||
| People have a hard time wrapping their head around it. | ||
| So when you put it in other terms, like, for example, if you say to someone, hey, by the way, every kid that's born today starts their life with a mortgage, the equivalent of buying a new home, and it's simply just their share of the national debt. | ||
| I think that's where you actually kind of start to hit home with some people. | ||
| In terms of the political class, that is one bright side, I guess, to this. | ||
| That right now, Steve, when I talk to different people on the Hill, I do find more and more of them, still not many, but slowly it's growing. More and more of them are becoming concerned and are starting to realize just how big this problem is, especially when we inform them of things like the fact that it's taking 40% of all personal income taxes right now just to pay interest on Not to pay it down, just to pay the interest. | ||
| This is the key. | ||
| Every, every penny we add to the national debt, we will never pay off the face amount of the national debt. | ||
| Be like a credit card. | ||
| You always have that. | ||
| You never get to the principal. | ||
| You're just, you're running on a tread just to pay the interest expense. | ||
| That's what's happening. | ||
| The, the, the, if the Republicans, and I think Trump makes us, if you can make the connection between that clip, we just played a morning Joe with the under thirties are leaving Biden. | ||
| One of the reasons the economy. | ||
| That they feel like Russian serfs and you can connect directly connect that to the out of control federal spending in the national debt You're going to govern for decades because this is the crisis that's before, obviously, the invasion of the southern border, the geopolitical crisis. | ||
| But this one right here is a ticking timeout. | ||
| Politico did have a story the first time they've had a story that said behind closed doors, the uniparty up there understands that this is a crisis and they can't avoid it anymore. | ||
| It has to be addressed. | ||
| But I've got another reality check for him, E.J., directly from you. | ||
| If we can get to Trevor, explain to people This situation at the Federal Reserve and the balance sheet of the Federal Reserve driven by this structural change in interest rates and what's even going to make the deficit situation, because you've got to roll this in, I think, on an annual basis, the deficit situation where there's massive losses on the government bond portfolio over the Federal Reserve. | ||
| Walk us through it. | ||
| Certainly, Steve. | ||
| So last year, a lot of people don't realize this, but 2022 was the worst year in history for the bond market from the time of the founding of this country. | ||
| That's not an exaggeration. | ||
| We have never had a worse year for bonds. | ||
| And the reason for that is because we pushed rates so low for so long. | ||
| And then during COVID, we pushed them all the way down to zero and then raised them very quickly afterwards. | ||
| We've never had a time when rates were that low. | ||
| And we're raised that much that quickly. | ||
| But the other component of this is just the sheer volume of securities that were issued in 2020. | ||
| And that was done on purpose by the Congress and by the Federal Reserve. | ||
| And as a consequence of that, all of these bonds have lost a tremendous amount in value. | ||
| Now, why on earth did that happen? | ||
| It's actually really, really simple. | ||
| If I have a bond that pays 1% interest, right? | ||
| And I want to sell you that bond, but you can just go to a corporation or the treasury, whatever the case may be, and buy a bond today at 5% interest. | ||
| Why on earth would you buy my bond at 1%? | ||
| It doesn't make any sense. | ||
| You're leaving money on the table. | ||
| And so I have to sell you that bond for less than I paid for it. | ||
| In order to entice you to buy it from me. | ||
| And that's what we've seen over the last year. | ||
| Now, if you multiply this by trillions of dollars, you get, in a nutshell, the Federal Reserve's balance sheet. | ||
| And they have lost, if you can believe it, $1.3 trillion on their holdings. | ||
| Now, they haven't actually sold those things yet, right? | ||
| So they're unrealized losses. | ||
| But that's how much money this Fed has in red ink on its balance sheet today. | ||
| And you might ask the question, what in the hell is the Federal Reserve doing sitting on a bunch of bonds? | ||
| This is the quantitative easing. | ||
| This is how they juice, this is how they get liquidity in the system when they've got a problem. | ||
| This is kind of a con and a scam because I don't think it was ever really set up to do that. | ||
| So they're sitting on face amount about, if my math is correct, about $8 trillion, correct? | ||
| Roughly? | ||
| Over at the Fed? | ||
| You mean sitting on losses right now? | ||
| No, no, no. | ||
| The total face amount the Fed has in securities is about $8 trillion. | ||
| $8 or $9 trillion. | ||
| Oh, yeah, their securities held outright is between $7 and $8 trillion right now. | ||
|
unidentified
|
Yes. | |
| Just seven and eight. | ||
| So remember, the day of the financial crash, a couple days afterwards, in the Oval Office when they discussed what they were going to do, this is back in September of 2008, the financial crash, the balance sheet of the Federal Reserve was $880 billion, just to put it in perspective. | ||
| When Donald Trump raised his hand, one hand on the Bible, I think it was 3.5 trillion dollars. | ||
| That's how much Obama had blown out the balance sheet of the Fed, and that concentrated wealth in this country. | ||
| They essentially bailed out the stock market, they bailed out the real estate class, they bailed out all the asset classes by using this thing called quantitative easing, which is essentially buying bonds. | ||
| President Trump, he never gets credit for this, President Trump took a trillion dollars, his Federal Reserve Took almost a trillion dollars off of the balance sheet in quantitative tightening, because President Trump and the Fed, he's very smart in the fact that you've got to let the air out of this kind of bubble that you were building. | ||
| And President Trump did that. | ||
| Think about the economic growth that he got through his tax cuts and deregulation. | ||
| That growth, I think over three, three and a half percent, was with the headwind of doing quantitative tightening. | ||
| If he had done quantitative easing, if he had continued that, he'd have built up this asset bubble, but he would reduce the growth. | ||
| But he was, this is smart. | ||
| You're thinking about your balance sheet and your income statement. | ||
| That was extraordinary about the peace and prosperity of the Trump years. | ||
| That's why people that look, even people under 30, and they go back and go, hang on for a second. | ||
| You know, low interest rate environment, low inflation, zero inflation. | ||
| Everybody had jobs, blue collar people. | ||
| It's a compelling pitch. | ||
| You look at this disaster that that Biden's got. | ||
| What E.J. | ||
| is saying is that on that seven, eight trillion dollars is a one point three trillion dollar loss when they start selling the bonds. | ||
| Now, E.J., correct me if I'm wrong on the just understanding the mechanics of it. | ||
| If they start to sell those bonds and realize the losses, that flows through the net interest charge. | ||
| That goes into the deficit, right? | ||
| Those losses just don't go away. | ||
| They got to be paid for somehow. | ||
| So doesn't that increase even the deficit problem we have? | ||
| Steve, exactly. | ||
| So there's a few links in the chain, right? | ||
| It's an indirect relationship, but you're 100% right. | ||
| That $1.3 trillion in losses at the Fed might as well just be thrown onto the federal debt, because ultimately when the Fed loses money, it's going to come out of the Treasury, and therefore the taxpayers | ||
| But Steve, if I may, going back to what you were saying earlier about those young voters, particularly under 30, they're very, very unhappy with the current economic situation because literally for their entire lives, they have had a Federal Reserve manipulating interest rates and essentially transferring wealth from everyone else to asset holders, whether that's the holders of stocks or bonds or real estate. | ||
| And so now they're in a situation where they're looking at their parents and grandparents and saying I can never have what you have, I can never buy the home you have because it has increased in price so much and we sadly now have an entire generation of Americans who will probably never own their own homes until one of the the generations that preceded them passes away and bequeaths them that home. | ||
| They're waiting on the intergenerational transfer. | ||
| This has never happened in American history. | ||
| We have basically taken any chance of getting the American dream away from these people, these kids under 30. | ||
| This is what I've been saying for years and going around giving a lecture that they're nothing but Russian serfs. | ||
| They don't own anything and they're not going to own anything. | ||
| And I think you're seeing a rejection. | ||
| This is why the polling shifting this, you know, World Economic Forum, all these guys in the Great Reset, you don't own anything. | ||
| You're not going to anything, but you're going to love it. | ||
| Because you're just going to kind of rent when you need to, or just kind of flit in and out. | ||
| No. | ||
| People want to get a real grub stake. | ||
| They want a holding in this economy and be a part of it. | ||
| So it's like, EJ, can you just hang on for a second? | ||
| Because I want to go through another piece of nomenclature that is used to mislead you. | ||
| You're hearing the new term. | ||
| You're going to stop seeing $34 trillion pretty quickly. | ||
| They're going to say, well, really, it's just $27 trillion. | ||
| Because the $8 trillion now, you can't count that. | ||
| They're going to call this publicly held debt. | ||
| Publicly held that where they're going to try to change the conversation and change the numbers as they always do Okay, but we're not going to allow it here in the world Make sure you go to birchgold.com slash Bannon. | ||
| Get The End of the Dollar Empire. | ||
| All the installments are free. | ||
| The whole thing's free. | ||
| The third installment is The Debt Trap. | ||
| Make sure you read that over the holidays. | ||
| If you've gotten it before, get it again. | ||
| Refresh your memory. | ||
| You're gonna need this. | ||
| As Speaker Johnson, I'm getting back in town. | ||
| We'll go through the program to make sure that there is a government shutdown. | ||
|
unidentified
|
War Room. | |
| Here's your host, Stephen K. Bannon. | ||
| Okay, EJ, we're going to get back. | ||
| I'm going to pull some coverage of the situation in Niagara Falls. | ||
| Also, I have a big thing we're going to play on Thanksgiving with the real reality of the enemies of this republic are plotting and doing. | ||
| EJ, real quickly, I'm seeing this all the time now, publicly. | ||
| They hate the fact they've gone from 33 trillion to 34 trillion folks in 100 days. | ||
| Let me repeat that. | ||
| We reached $33 trillion on the 28th of September of this year, less than 60 days ago. | ||
| Right now, we're at 33, I don't know, .75 trillion, roughly. | ||
| We're going to hit 34 trillion pretty quickly. | ||
| I happen to think either over Christmas or right into January. | ||
| We'll see. | ||
| I may be a little off, but we haven't been too far. | ||
| We've been pretty spot on on all this. | ||
| I think we're close enough, but 34 trillion in 100 days. | ||
| That's the crisis you had before you. | ||
| Also, EJ was the first guy working with him and some guys in Scandinavia. | ||
| We were the first guys to say, hey, the interest spent this year is not going to be, it's already doubled from $300 billion. | ||
| It's going to be over a trillion dollars. | ||
| EJ's the first guy who even taught me on that and said, hey, Steve, I think it's going to be $1.25 trillion. | ||
| And it looks like it's going to blow that number out. | ||
| Also, remember, when Johnson gets back, I want everybody to keep this in mind. | ||
| In the path we have now to basically get a budget and get appropriations and figure it out all from this fiscal year we're in that was supposed to be done before September 30th, when we get this done, which the earliest will be the first week of March. | ||
| Immediately you've got to go into, and that'll have a 1.6 to 2 trillion dollar deficit when you cut out all the happy clappy accounting. | ||
| That's what the deficit is going to be. | ||
| It's going to have to be financial. | ||
| You're going to have to sell the bonds that these terrible auctions were having. | ||
| Immediately you've got to get into another round for this fiscal year. | ||
| So my point is between, in the nine months between now or the ten months now between now and September 30th, because we want to do this one on time, it's an election year, You're going to have $4 trillion of deficits. | ||
| Write it down right now. | ||
| You heard it first here on the 22nd of November in the year of our Lord, 2023, on the 60th anniversary of the assassination of President Kennedy. | ||
| $4 trillion you're going to have to deal with. | ||
| $4 trillion deficit. | ||
| You're going to have to sell those bonds. | ||
| But they're changing the nomenclature to try to fool the public. | ||
| It's $33.7 trillion face amount, but they're saying, no, no, no, no, no, no, no. | ||
| You're seeing this. | ||
| All the percentages are done on publicly held debt. | ||
| That's taking the $7 trillion off the balance sheet of the Federal Reserve and just subtracting and saying, no, no, really. | ||
| The other is all intergovernmental, rounding out, et cetera, and it's really $27 trillion. | ||
| I disagree with that theory, EJ. | ||
| Am I wrong? | ||
| Am I just too old school that it's really 33, 34 trillion? | ||
| Are they right now? | ||
| Because all the percentages you're seeing, because they know once you're over 100% on GDP, you never come back. | ||
| The guys at Harvard did the point of no return. | ||
| They say this time it's totally different, which is nonsense because every economy's collapsed. | ||
| They're subtracting out that number to basically give themselves more runway. | ||
| Am I wrong in that, EJ and Tony? | ||
| No, not at all. | ||
| And Steve, I don't think it's a matter of being old-fashioned unless numbers and basic mathematics are all of a sudden old-school or old-fashioned. | ||
| At the end of the day, all of the intra-governmental holdings, which is basically where you might have Social Security, let's say, holding a government bond, all of that money is already spoken for. | ||
| It doesn't matter that it's a government entity that holds it, or if it's a private individual, if it's you or I that holds that debt. | ||
| All of that money is spoken for, and all of it has to ultimately be paid by taxpayers, either through more bonds or direct taxation or inflation, which apparently has been the vehicle of choice for the last two and a half years with the Biden administration. | ||
| But whatever the case may be, all of that money is spoken for, and it all must be paid. | ||
| It's not as if we can simply say, oh, well, we owe this money to the Social Security Administration, so it doesn't really count. | ||
| We could, for example, just default and not pay that bill, and no harm, no foul. | ||
| Excuse me, that is not the case at all. | ||
| This is nothing more than a shell game. | ||
| you You agree with me, because the audience, write this down. | ||
| You're going to start hearing publicly held debt, publicly held debt, we're not at 100% of GDP, we've still got room, because they're panicked about the 33 trillion to 34 so quickly. | ||
| And they realize they've got to come up with the gimmicks. | ||
| These are all gimmicks. | ||
| The other gimmick you're going to see, I actually was talking to someone I consider one of the brightest people in the country. | ||
| And they said, oh, no, no, you don't understand. | ||
| They're they're going to they're coming up with a trillion dollar Bitcoin. | ||
| And it's going to be a tree. | ||
| I mean, and I said, are you lost your mind? | ||
| I said, do you understand the gimmick? | ||
| And he tried to have a rational conversation that it's all gimmicks up there right now. | ||
| This is why I keep saying it in the speech in which I'm going to break down on Saturday in the show. | ||
| They gave it pine hearse. | ||
| I said, hey, Janet Yellen spent half of her time up there right now. | ||
| They're behind closed doors, and they're working on gimmicks. | ||
| They're working on gimmicks. | ||
| One of the first gimmicks you're going to say, because EJU's laid it out, all that money's got to be accounted for, all of it, the use of it is accounted for, the source of it is still going to be taxpayers, it's all still got to be paid off. | ||
| They're working on gimmicks of how they play around. | ||
| The gimmicks you're going to see, When we get back, and we start running up to the 19th of January afterwards, the Biden regime is going to be in full gimmick mode. | ||
| And one of the reasons we're going to have EJ on, we're going to walk you through numbers every day. | ||
| Because you can see, no matter how many gimmicks they come up with, people in their 30s are still not going to have any chance for capital formation. | ||
| You're not going to be able to own a home. | ||
| The restructuring of interest rates. | ||
| Remember, EJ's the first guy to come back and said, hey Steve, don't forget, we've got to refinance basically a third of the $33 trillion You know, all the time, constantly, that's going to jack up interest rate. | ||
| That's how you got to the trillion dollars of interest expense. | ||
| And you see now the Biden regime has made a huge bet. | ||
| And the bet is they're not going long to 30s because they can't sell them. | ||
| So we're just in a constant thing of like Treasury notes. | ||
| This regime has jammed it up, and I gotta tell you, for Trump, the burden that's gonna be placed on him to sort this mess out, because it's a mess, it's a mess that gets worse every day. | ||
| But just remember, you heard it first. | ||
| You're gonna go from September 28th to 33 trillion. | ||
| We're gonna be sometime, I don't know, maybe even before this CR on the 19th January, at 34 trillion. | ||
| We're gonna have added a trillion dollars face amount. | ||
| to the national debt. | ||
| And that's going to cut through everything. | ||
| EJ, have a great Thanksgiving. | ||
| Where can people get you? | ||
| Your social media, your Twitter feed is amazing. | ||
| Where do people go? | ||
| Best place to find me is going to be on Twitter. | ||
| The handle is AtRealEJAntoni, and you have a great Thanksgiving too, Steve. | ||
| Thanks, brother. | ||
| OK, I want to play. | ||
| Thank you, EJ, you too. | ||
| OK, I'm going to play right now. | ||
| Take me to the break. | ||
| You've got to listen to this about Thanksgiving. | ||
| I'm going to come and refute it on the other side. | ||
| Let's go and hit it. | ||
|
unidentified
|
This week two Native American activists discussed whether we should continue celebrating Thanksgiving. | |
| One says the holidays should be decolonized. | ||
| The other, Ryder, is my next guest. | ||
| He says that we shouldn't be celebrating Thanksgiving. | ||
| We should move on to truth giving and tell the whole story of what happened between Native Americans and European settlers. | ||
| Chase Iron Eyes is a member of the Oglagla, if I mispronounced that correctly, Sioux tribe and an American Indian activist. | ||
| Glad to hear it from you, Chase. | ||
| Good morning and thank you for having me on. | ||
| Bye. | ||
| You know, every year we go through these rituals. | ||
| These are rituals, these holidays, these concepts, they're part of our collective cultural mythology. | ||
| And in America, there is a settler A European, foreigner, alien, settler, cultural mythology. | ||
| From my eyes, as an indigenous person, we've been here for a lot longer than the settler institutions are telling us, or are teaching our children. | ||
| In our school, so when we hijack the truth and we put in its place something that is more palatable, something that eases our guilty settler conscience, it sets us up for conflict later on, because truth Precedes justice and justice precedes peace. | ||
| So when we look at these holidays, you know, we have Native American Heritage Month. | ||
| That's going on right now. | ||
| And we're just now in a state where we're consciously deconstructing Euro, hetero, Christian, Programming. | ||
| You could call it settler programming, but that's the truth. | ||
| When you look into it, I'm a lawyer and I've studied the sources of these cultural mythologies. | ||
| The mythologies where one demographic is not only the settler, but the brave explorer, The pioneer, the cowboys that tamed the Wild West and brought under their control and their subjugation all the beasts of the wild. | ||
| Not only the animals, but they're talking about us. | ||
| They're talking about the merciless Indian savages. | ||
| That is in the United States Constitution. | ||
| So when we talk about the myths of a people, They provide a purpose, a meaning, and a place to people. | ||
| I couldn't imagine myself going... Yeah, go ahead. | ||
| So you suggest that this should not be Thanksgiving, but Truthsgiving. | ||
| What does that look like? | ||
| Instead of what we're used to, turkey and football, and all that's going to happen on Thursday, what would that day look like if you were to design what it looks like forward? | ||
| We would tell the truth because that is also what will lead us to reconciling, to a state of reconciliation. | ||
| We tell the truth about the first Thanksgiving. | ||
| You know, there's many iterations of a first Thanksgiving. | ||
| In 1620 when we're talking about the Mayflower landing at Plymouth Rock and the story of The English, who were met by a Massasoit of the Wampanoag, and we tell the story that the natives welcomed in the Europeans and we celebrated the first harvest with a cornucopia. | ||
| It was so cool to hear that word. | ||
| We tell that story because it's more palatable. | ||
| It's something that is not full of conflict, is not full of the violence, not full of the untruths, and the fact that the truth is, Native people took pity. | ||
| Native people were the first philanthropists. | ||
| Now we're on the other side of philanthropy and wealth, but in the beginning, we nursed this incapable child, the people that were coming to the new world, they didn't know how to live here. | ||
| And we taught them how to live here. | ||
| We brought them in in peace and said, look, younger brother, younger sister, you can live here in this land. | ||
| But we have a story that if you find a wounded snake and you nurse it back to health and and it ends up biting you, then you can't blame the stink. | ||
| But we didn't know that most of these foreigners were that way, that they would bite us when we nursed them back to health. | ||
| But that's exactly what happened. | ||
| That's why we're on Indian reservations today. | ||
| So some of the truth is that in 1637, Another group of European American settlers went out and massacred 400 to 700 Pequot people. | ||
| Not only that, but they enslaved them. | ||
| And since that time... | ||
| That they've been playing Indian, European American settlers who were granted. | ||
| They were trying to create a new identity and a new sense of place, a new government. | ||
| Let me get in here. | ||
| We took that form of government to agree. | ||
| Chase Iron Eyes, I got to wrap it there, but it has been an enlightening conversation. | ||
| I thank you so much for your time. | ||
| Still ahead, the big boost HBCU students just got from a church in Nashville. | ||
| Hank, Hank, Hank, Hank. | ||
| But first, we want to... | ||
| C-C-C-C-C-N-N, that's enlightening. | ||
| Dude, you ought to learn. | ||
| Truths giving! | ||
| You see the raw hatred? | ||
| This is tied to, you're seeing this now, and I'll put the, uh, I'll tell you what, let's put it up right now. | ||
| What is it? Uh, thanks taking. | ||
| It directly ties to the Gaza situation, to the Islamic supremacist, right? | ||
| That are trying to drive the Israelis into the sea. | ||
| into the sea and trying to essentially kill the Jews, right? | ||
| This ties directly to the United States. | ||
| You just heard it right there. | ||
| This is going to be relentless. | ||
| Absolutely, absolutely relentless. | ||
| And just look at the raw hate. | ||
| First off, incomprehension. | ||
| It's idiotic argument. | ||
| More importantly, the underlying hate, the hate of you. | ||
| Short break. | ||
|
unidentified
|
We'll be right back in a moment. | |
| We don't know which direction this individual was definitively coming from. | ||
| Were they coming from the U.S. | ||
| side or the Canada side, or vice versa? | ||
| We do know that, according to four senior law enforcement officials briefed on the matter, to myself and my colleague Jonathan Deens, that the vehicle was traveling at a very high rate of speed, hits this Customs and Border Protection structure, The two individuals in the car described as casualties and that there was also an injured, according to our colleague Ken Delaney, an injured CBP officer or official. | ||
| That person is not expected to require hospitalization, so that's a little bit of a good news. | ||
| And that a search of the vehicle and the search of the fragments of the vehicle, and that is based on some initial photos that we're still trying to confirm that the fragments of the vehicle, there's no indication that there was an explosion. | ||
| Excuse me, an explosive device inside the vehicle. | ||
| At some point, the vehicle does catch fire and does have an explosion after the crash, but that does not appear to be a result of an explosive device. | ||
| I understand that's maybe a little bit of a tricky distinction, but at this stage, there's no evidence. | ||
| We are told from law enforcement officials that indicate that there was a separate... We're going to have more... | ||
| We're going to have more, quite confusing about what's actually going on, but clearly an explosion, some incredible footage. | ||
| We're going to have more at 6 o'clock. | ||
| Natalie Winters, I'm going to also join Natalie, but absolutely incredible on the biggest travel day of the year. | ||
| I want to once again want to thank the folks at Birchgold for sponsoring us here at Birchgold.com. | ||
| Go check it out. | ||
| Make sure you check out not just all the free information we give you on the end of the Dollar Empire, but also you've got Philip Patrick and an entire team. | ||
| And go ask them a question. | ||
| Why has gold been a hedge in turbulent times? | ||
| If you don't think we've been in turbulent times, on Saturday I'm going to break down the speech I gave at Pinehurst. | ||
| I talked about the converging crises and what has to happen after we win and secure that victory, what has to happen on the action plan thereafter. | ||
| You don't think we're in a crisis? | ||
| Like I said, we just talked to EJ and Tony. | ||
| I have $1.3 trillion loss sitting on the balance sheet of the Federal Reserve that has not been realized yet when those bonds are sold. | ||
| That's all got to flow through the income statement, which is basically the budget. | ||
| They don't want to face up to the fact that the deficit could be over. | ||
| I don't know, two and a half trillion dollars next year? | ||
| This thing is a crisis and it's blowing out of control, expanding out of control. | ||
| Mo, thank you for hanging with me and being a co-host. | ||
| I know we have you and Grace, you guys are working 20 hours a day. | ||
| How does Warpath Coffee fit into your, how does that keep you alert and awake as we're putting the, as we are demanding more and more and more out of the War Room executives? | ||
| So if you want to get jacked up like us in the War Room, you go to warpath.coffee, promo code war room, and all the roasts that we have at Warpath Coffee are amazing. | ||
| I'm not, I know you like dark roast. | ||
| I'm not a dark roast drinker usually. | ||
| However, Warpath Coffee dark roast is amazing. | ||
| I highly recommend. | ||
| That is the only dark roast I will drink is Warpath Coffee. | ||
| Yeah, but you're a big, mild drinker, so thank you. | ||
| Look, at the War Room and people, when you go to AmFest, go over and check AmFest out right now on the 16th and 19th in Phoenix. | ||
| I'll be the keynote speaker on the last day. | ||
| You've got the greatest array of speakers from Tucker Carlson to Candace Owens, everybody. | ||
| is going to be there. | ||
| You get to participate in all that, plus we're going to be doing live war rooms. | ||
| I want to thank Real America's Voice. | ||
| I have by far the easiest job here because I've got a great production team at Real America Voice and plus the war room production team is second to none to give you all these cold opens and the great way the show is put together. | ||
| My job here is the easiest. | ||
| Grace and Mo and running this madhouse have a much harder job. | ||
| Than I have. | ||
| Mo, I really want to thank you for everything you and Grace are doing. | ||
| We're going to have a great Thanksgiving, and really the entire audience and team. | ||
| Tomorrow we're going to have Dr. Larry Swickert on here, the co-author of The Patriot's History. | ||
| He's working on another big project for us, but we're going to counter everything you just heard from the hate monger, talking about we're going to have truth, we're going to have truth giving, is that what we're going to have? | ||
| And you saw that poster. | ||
| This is, what, thanks taking. | ||
| By the social justice warrior for Gaza or whatever it is. | ||
| The central thesis they've got is that you're an occupier. | ||
| The central thesis they have is that the pilgrims, the pioneers, the frontiersmen, the people that made the greatest nation, the most powerful nation, a nation that freed more people in the history of the earth, Well, to set the record right, none of that is true. | ||
| We'll talk about that tomorrow. | ||
| Mo, real quickly, what is your social media? | ||
| How does everybody follow you, particularly over the holidays? | ||
| You're going to be back with us on Saturday as we go through. | ||
| Also, I think I'm going to break down, I haven't had a chance to talk about General Milley. | ||
| And General Milley's treason, you know, they're getting all over President Trump. | ||
| We're going to break it down. | ||
| We're going to take interviews that he's done. | ||
| And actually, Mo's going to help me as a former Army captain to break it all down. | ||
| Mo, what's your social media? | ||
| Where do people go? | ||
| People can find me on Getter and Twitter at Maureen underscore Bannon and also on Instagram at real Maureen Bannon. | ||
| And I come in hot on all my social medias. | ||
| And from the war room, we want to thank you for everything you do as well. | ||
| Have a great Thanksgiving. | ||
| Natalie is going to pick up at six. | ||
| She's going to be all over the situation in Niagara Falls. | ||
| I think they're moving some of the guests around. | ||
| I'm going to I'm also going to join in also and give you talk about updates and talk about what's actually happening and some other things going on. | ||
| I want to thank the people over at Public Square. | ||
| They've just acquired the name Michael C for the team. | ||
| Michael is going to be with us on Friday as we highlight the entrepreneurs who we work with on Black Friday. | ||
| You're not going to miss this. | ||
| We're doing this to inspire you. | ||
| If you think you've got an ounce of entrepreneurism and you've just never taken that step, we're going to have the stories of the people that are sponsors here and how they started their companies. | ||
| You're going to find out, like, for instance, My Patriot Supply, the biggest provider in the industry, preparedness industry. | ||
| My Patriot Supply started selling Patriot seeds out of a one-bedroom apartment 15 years ago. | ||
| Think about that. | ||
| They build that kind of business, and there's all kinds of stories like that. | ||
| You don't get to enjoy everybody. | ||
| In fact, Eric Prince is going to be here. | ||
| Eric's got that amazing phone unplugged. | ||
| Go to unplugged.com, find out all about it. | ||
| Eric will actually be here. | ||
| Eric is working in the Middle East right now, actually, to come up, I think, with some solutions about what's going on in Gaza and maybe some other places. | ||
| He's going to join us and share what he went through. | ||
| to form Unplugged. Unplugged.com. So immerse yourself. Okay, short commercial break. Natalie Winters is going to pick it up. I'm going to be back here. | ||
| There's all types of uncertainty about what happened to supposedly a terrorist attack up at Niagara Falls on the, I think the International Bridge up there. We're going to try to break it all down for you and much, much more. I want to thank once again, Real America's Voice for all the support they give. | ||
| Have a great Thanksgiving. | ||
| We're going to be up tomorrow, Friday, Saturday, all of it. | ||
| We've got special tomorrow, a Black Friday special on Friday morning. | ||
| You're not going to miss. | ||
| And Mo and I will be here on Saturday to break down a bunch of the speeches I've given and a lot of analysis of the crisis facing the American public. | ||
| Have a great Thanksgiving. |
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