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Feb. 2, 2024 - Bannon's War Room
48:48
Episode 3361: Bias At The Fed
Participants
Main voices
s
scott bessent
10:21
s
sebastian gorka
11:18
s
steve bannon
16:30
Appearances
m
mike lindell
02:26
Clips
j
jake tapper
00:08
k
kaitlan collins
00:36
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Speaker Time Text
unidentified
Is the tax bill going to go anywhere in the Senate?
Was Chuck Grassley just a lone voice?
I do think ultimately this will pass, Katie.
But I think, you know, there's a mix of politics here that has a lot to do with the fact that there are such small margins in both the House and the Senate.
And that gives individual members a lot of power when it comes to bills like this.
And so there are senators that do have issues with certain aspects of the bill.
They want to have their say, whether that means it goes through the committee process, whether that means they offer up amendments on the Senate floor.
Those things are all possible.
Ultimately, though, I do think the votes are there for this bill to ultimately pass.
It does, of course, require 60 votes in the Senate.
I think the open question right now is the path that it takes to get to those 60 votes and whether or not the Senate will make any tweaks to the legislation that will then require the House to vote on it again.
That could complicate it, but I think, to your point, It's so rare in this Congress to see such an overwhelming bipartisan support for any piece of legislation, much less a tax piece of legislation, that I think it's going to be very difficult for the Senate not to endorse this plan as well.
We just got a little bit of news from Senator Schumer, Majority Leader, who just spoke on the Senate floor.
He said the legislative text of the entire national security supplemental aid package will be released as early as tomorrow and no later than Sunday.
And interestingly, importantly, he said this will be the entire aid bill, so funding for Ukraine, Israel, the border, and Taiwan.
What is the likelihood that that gets anywhere?
So this has been the elusive supplemental package that lawmakers have been hashing out for the last several weeks.
It, as you rightly point out, involves an extensive border package with a lot of different policy provisions included in that.
It includes funding for Ukraine, Israel, and the Indo-Pacific.
This is the grand plan that both the White House and congressional leaders had when they started this process.
It's, of course, been derailed many different times, but they do feel that they've reached the finish line here.
They're just putting the finishing Touches on the legislation.
One of the chief negotiators, Senator James Lankford, told reporters that he expects the text to be somewhere in the range of 200 pages.
They hope to get it out for everyone to digest over the weekend and then begin the process of passing it in the Senate, perhaps as early as Wednesday of next week.
That's, this is going to require 60 votes to pass in the Senate, Katie.
That's obviously not an easy task.
But if they do get 60 votes, or even more 60 votes, the question then becomes, what happens in the House?
Speaker Johnson has said that the provisions that he's seen, and he's not seen the entire bill, Give him an appetite of not wanting to move the bill to the full House.
But if the legislation comes out and he starts to see an overwhelming number of his members say that they can be supportive of it, that they want to see this border proposal in particular pushed through, then there is the chance that it could get to the House floor.
There are still so many hurdles that this legislation needs to cross between now and then before it actually becomes law.
But right now, this is positive progress that they're actually going to have something that lawmakers can digest and decide whether or not they want to support.
So if the tax bill goes forward, and by the way, it's $33 billion to partly extend a major expansion of the child tax credit, which is huge for American families and lifts hundreds of thousands of kids out of poverty.
There's also $33 billion to reinstate a set of Expired tax benefits for businesses.
If that goes through, that would be 36 bills.
And then if this supplemental for national security, which includes the border in Ukraine, that would be 37, which would get them a little higher up in the legislative progress for their term as the 118th Congress.
Ryan Novelty.
How do we keep track of all of it, Katie?
It's coming so fast, I'm curious.
How do we?
It's going so fast.
It's just so hard to...
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies.
unidentified
Because we're going medieval on these people.
steve bannon
I got a free shot at all these networks lying about the people.
unidentified
The people have had a belly full of it.
steve bannon
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.
jake tapper
And where do people like that go to share the big lie?
unidentified
MAGA Media.
jake tapper
I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved.
unidentified
War Room.
Here's your...
...BK BAM.
steve bannon
Okay, welcome.
It's Thursday, 1 February, Year of the Lord 2024.
Thank you for joining us to the afternoon and early evening edition of The War Room.
I want to go immediately to Congressman Anna Paulina Luna, APL.
She's driving, she joins us by phone.
Congressman, can you please describe this letter you sent today, what it's about, Jack Smith, how important is it, why did you send it?
unidentified
Hey Steve, glad to be back on.
Yeah, what we realized in kind of observing and looking into really whether or not Jack Smith and the question of whether or not he's actually been constitutionally appointed, right now we're seeing that every single aspect of this administration and really the deep state has been weaponized against President Trump and in an election year, nonetheless.
And so the question is, is who appointed him, whether or not he's acting In his own rogue capacity, which we think he is, and whether or not he has really been subject to any congressional oversight, which there is precedence in previous cases, specifically McGrane v. Doherty, that says that, you know, any prosecutor in this capacity would have to be under congressional oversight.
And so I had some of my colleagues join me on this, but, you know, we hope that the rest of the body is asking these same questions, because, frankly, Steve, we wouldn't be doing our jobs if we're not asking these questions.
steve bannon
Congressman, you know, people kicked this around a couple months ago and they're saying Garland appointed him.
Is that not under the provision?
I realize that law has been changed and rescinded and it's quite controversial.
Some people say it might be constitutional.
But in Garland's mind, did he think that he played by the rules in assigning Jack Smith in a prosecutorial role under the auspices of DOJ?
unidentified
I think that if he really was playing by the rules, he would understand that what he did was likely not constitutional.
And so we're — you know, Jack Smith is officially on the clock, okay?
He has nine days to respond to my office and the other members who have joined me on this letter.
And if he chooses to not, that's going to be his decision, and we will see what options we have at our disposal at that point in time.
steve bannon
Congressman, APL, thank you so much.
We're going to push that letter out hard.
Can you give your social media website?
Because I know more people are going to find out about this.
Grace, Mo, everybody's going to push this out to all of our chat rooms, over to Telegram, all of it.
But how do people get to you?
unidentified
Yes, you can find us on our official account at RepLuna or on my personal at Real Ana Paulina.
steve bannon
Congressman, thank you very much for joining us.
Appreciate it.
Going on offense.
People have wondered about this for a long time.
APL finally stood up and took action.
You're seeing this.
Remember, these bills are all over the map right now.
It's just, you know, they're saying they're going to put the text out on the...
The text on the immigration bill, or what I call the amnesty bill.
Janet Yellen's whining today about we immediately need to hit the $60 billion on Ukraine.
Dr. Seb Gorka's going to join me shortly to talk about this potential coup over there, how that's going to affect us shoveling more money.
If I don't have Boris, because I know we've got to re-hook the phone up, I think I've got Scott Besant, and I think Scott joins us from our Palm Beach studio.
Scott, first off.
You're one of the top hedge fund guys in the country.
You put out a quarterly letter to your investors as your fiduciary duty.
You had a detailed analysis in there about what's really going on in the market, particularly the stock market.
That was written up by Bloomberg.
Daily Mail has made it one of its lead stories.
This is on fire.
It's called the Other or the Real Trump Rally.
Can you just walk us through, because I know that you're a quantitative mathematical guy.
Biden's walking around saying it's everything in the market that's good is his, but you fundamentally disagree with that?
scott bessent
Steve, thanks for having me on.
Yes, we do.
And I thought...
It was important to set the record straight in terms of why we are bullish on the market.
You know, this is a Trump rally, not a Biden rally.
And as you said, my view is an investment view, not a political view.
You know, we, we, I have my own political views.
We tease those out and we look for the factors that are moving the market.
And as I said in the letter, I think the market is anchoring on a Trump victory.
Which would include the Trump tax cuts being reapplied because they expire in 25, light-touch deregulation, more prudent antitrust policies, and generally less drama overseas.
The other thing that's important to think about is on the other side, you know, the market is anchoring toward a Trump victory.
Janet Yellen and the Biden apparatus are also anchoring on a Trump victory, and they are doing everything they can to keep Donald Trump from coming back to Washington.
So they are They are priming the pump as hard as they can.
My point in the letter was, this is as good as it gets.
This is euphoria.
Trump is ahead in the polls.
The apparatus is panicked.
And may, if Trump continues into the summer, may get more panicked.
So those are great conditions for what's happening in the market.
We produced a chart.
That some people have gotten a hold of and have put up on social media that shows the market for the past 14 months has performed much better when Donald Trump is in the lead in the polls.
steve bannon
Yeah, if we had put, by the way, if Denver, if, or my crack staff here could pull that up because it was in Daily Mail too.
I just want to make sure as we get it up, people understand it.
You went back because you're an analytical guy and you said, you basically said when the poll show Trump's up, the market responds positively.
When the market, when it shows Biden up, There's negative.
So this is not really Biden's rally.
You're saying that the market is looking, always forward-looking, and when it looks at a Trump victory for, as you said, the tax cuts and the deregulation and some sanity geopolitically, good things happen.
When they see Biden or it gets iffy, then they pull back.
Is that basically your analytical theory of the case?
scott bessent
Yeah.
Look, the market's had small gains when Biden's up, but the Trump gains, They are much bigger and much more persistent.
And this isn't a huge data set, but directionally, this is what's happening.
And I think it's important.
Again, I'm saying that this isn't a political view.
It is an investment view.
And I think it's important to isolate why it's happening.
And I think one of the biggest factors, and look, every incumbent administration Does this you know, they primed the pump for their candidate.
I would say I believe that Janet Yellen is being especially reckless here given the yawning deficits.
We have six seven percent of GDP with low unemployment, you know, you're not supposed to have deficits like this the when the economy is doing well, and you're not supposed to be priming the pump.
When the Federal Reserve is hiking rates or is trying to pull down inflation.
The financial positions in Washington, head of the Fed, Treasury Secretary, are risk management positions.
And I think that right now, the risk management has been put to the side in favor of a Biden re-election.
This is how we got the problem with inflation.
It was poor risk management.
steve bannon
OK, hang on for a second.
We're going to hold you to the break.
I just got to ask them because, look, we have principally a working class and a middle class audience.
One of the things we pride ourselves in is trying to teach people the fundamentals of macro.
And most people think that the Federal Reserve and Treasury should be like Caesar's wife, right?
It should be.
They understand lawfare and the DOJ and the National Security State, D-State.
But are you, are you implying that the Fed and the Treasury are working to basically put more, infuse more liquidity into the system to help Biden in his reelection?
scott bessent
I'm making two different, or I am seeing the shades of gray.
And with Yellen, she is a political appointee.
In an editorial for a piece I wrote two years ago, I called her, three years ago, I called her one of America's great public servants.
In my letter yesterday, I called her a political apparatchik.
And she has crossed the Rubicon and is clearly on a political mission.
The Fed is more of an Implicit bias.
Although, you know, I will say former New York Fed Governor Bill Dudley did say before the 20 election that the Fed should raise rates to keep Donald Trump out.
And Lyle Brainard, the current head of the National Economic Council, broke with all protocol and donated to Hillary Clinton.
You know, is 90-something percent of the people in DC vote Democratic, so there's a bias there.
steve bannon
Scott, Scott, Scott, hang on one second.
We're gonna hold you through the break.
Back in a minute, Scott Beston, hedge fund manager.
unidentified
Here's your host, Stephen K. Bass.
steve bannon
Scott Besson, hedge fund manager, has got kind of a brain analysis.
I know that people around the president, the president, others on Wall Street are talking about it, about the Trump rally, the other Trump rally, about President Trump, his polling, people think he's coming back.
Investors, they're ready to go long, as we say.
Scott, one of the most important members of our War Room Engine Room, these are people, sophisticated people throughout the country that watch the show and provide analysis, just said, Scott Besson seems super honest.
How can he possibly work on Wall Street?
scott bessent
Well, Steve, I'm from Little River, South Carolina.
The only thing I knew about Wall Street when I was a kid was something bad happened there in 1929.
And I've been incredibly lucky.
I actually moved my business and my family down to Charleston, South Carolina, my home state.
So it's good to get away from the people on Wall Street.
steve bannon
Let me ask you, the people are kind of shocked.
A lot of the audience in the live chat are saying, hey, they understand lawfare.
We know they understand that now.
They understand the deep state.
Other things have been happening in the hill against President Trump.
But they're kind of shocked with these people like the Treasury Department, the Treasury and the Fed.
They put differently because you're dealing with the currency, you're dealing with people's money.
It's the most it's probably got the most fiduciary responsibility on any office, maybe outside the president.
I just want to get you called yelling someone who at one time you kind of admired maybe you said she's now a political apparatchik and you actually question members of the Federal Reserve maybe Board of Governors or Fed presidents of the maybe regional feds of actually pulling for a Biden win.
scott bessent
Look, you know, again, let's separate those.
I think the bias is more implicit at the Fed.
Clearly, it's more overt at Treasury.
As Secretary Yellen reports to the President and answers to the President, Secretary Yellen's job was on the line.
It was widely rumored that she was going to be replaced in the early summer of 22.
We even saw in mainstream media the list of replacements, Gina Raimondo, Lal Brainard, Gary Gensler, and it looked like they jerked on her chain a bit and she responded.
But again, every administration does this.
What is worrying here is the level at which this is being done.
That we are racking up these trillion dollar deficits, the national debt is moving up, I think it's a trillion dollars every hundred days.
So, you know, this isn't something to play around with.
Something for your viewers to watch, and you can monitor this, and I challenge Secretary Yellen, there's something called the Treasury General Account.
And think of it as the Treasury's checking account at the Federal Reserve.
So when tax money comes in, the expenditures go out, it runs through this account.
And since COVID, the Treasury has kept a very high buffer.
Last summer during the debt ceiling crisis, and it's a rainy day fund, Last summer during the debt crisis, it was run down close to zero because the government wasn't able to issue debt.
Think of it as a strategic petroleum reserve for money.
And with the strategic petroleum reserve, I would make another point that Janet Yellen has run that down.
to decades-low levels, and she did that going into the 22 elections.
So the federal government was selling crude into the market to suppress the oil price, and then we identified that, and now we identify what they're doing here.
You know, our jobs make money, not be political.
But when you have this treasury general account, since COVID has started, that account has been at about 500 billion to 750 billion.
So I would challenge Secretary Yellen to keep it at that level going into the November election.
steve bannon
Wow.
Are you implying that she would take that liquidity and pump it into the market so that the stock market stayed up as Biden tried to tighten the race with Trump?
scott bessent
I'm saying she could, and I'm saying we'll see.
On the other side, I would point out that Steven Mnuchin, President Trump's Treasury Secretary, did what was extremely prudent during COVID.
He left office on January 19th, January 20th, 2021.
There was $1.6 trillion in that account.
Because of the COVID crisis.
You know, again, this is a buffer that Treasury Secretary and the Federal Reserve Chair are risk management positions.
Are you willing to risk?
Are you willing to risk the credibility, the liquidity of the US government to get your president reelected?
steve bannon
Wow.
Scott Besson, I don't know if you have a social media, but if you do or a page somebody can go to to find out more about you, we'll have you back on.
I know that this story's got Wall Street talking.
It's been everywhere, Daily Mail.
I think National Pulse just wrote it up.
How do people track you down?
How do they follow you?
scott bessent
Steve, I try to keep people from tracking me down.
And...
So, you know, is this just...
This was an investor letter that seems to have gone viral.
I wasn't trying to set anything off.
I wasn't trying to take a public position.
I was just trying to tell our small group of limited partners for our fund.
How we thought we were going to make money.
And, you know, again, this should be quite bullish for the stock market.
And we'll see what happens if President Biden were to move ahead.
A friend of mine was just with a group of Navy SEALs, or ex-Navy SEALs, and he came back and he said, you know, they have a saying that says, F around and find out.
And, you know, is if the market Or if the investing public or the American public wants to find out what the market will do, then they start indicating you're going to vote for Joe Biden.
And again, like I said, everything we do is finance, not political.
And if somehow Biden were to pull ahead in the polls, we'd be less optimistic.
steve bannon
Scott, thank you very much.
We will follow this and look forward to having you back and we will keep, we commit, we will keep our eye on a daily basis on the Treasury General Account and keep the hairy eyeball on Secretary Yellen.
Thank you so much for joining us.
scott bessent
Good night.
steve bannon
Thank you.
unidentified
Let's play.
steve bannon
I got a call open for Seb Gorka.
We're going to go to Kiev now.
Let's play it.
I'll bring Seb on.
kaitlan collins
We have breaking news tonight as a major shakeup is potentially underway for Ukraine's military.
Sources are telling CNN that President Zelensky has now informed his country's top military commander that he has been fired.
The move, almost two years after Russia's invasion began, comes after weeks of speculation about tensions between the two of them Zelensky and his army chief Valery Zeluzny, I should say.
It's just remarkable because there had been these tensions between them, but this, if it happens, would be the biggest shake-up that we have seen.
How significant do you believe that this is?
unidentified
Well, it could be significant.
General Zalusny has done, by all accounts... I can't take Bill Taylor.
steve bannon
I can't take Taylor again.
Seb, you know what's going on.
You know what's happening in the battlefield.
This is your specialty.
This is as big as it gets, right?
The head of the uniformed military, who's a revered figure in Ukraine, was told he was going to be fired on Monday, but they'd let him resign.
He said, I'm not doing that.
All of his generals came out and supported him, at least to date.
Zelensky, I think, has announced that this is going to happen tomorrow.
Your thoughts, sir?
sebastian gorka
Well, first I want to talk about the real news that you had Scott Besant on your show, Steve.
Can we talk about the real strategic news?
I mean, seriously, since when does somebody from that world come on The War Room?
I mean, come on.
I've been texting Scott while he was being interviewed saying, are you ready for For what's going to happen to you now.
It's his response.
I spend my life trying not to get tracked down.
So God bless Scott.
Now I'm going to have him on my show tomorrow if I can.
But supporting the president, telling the truth about Yellen, the Fed, everybody else.
So we salute you Scott.
steve bannon
Hold on Seb, hang on one second.
Hang on, hang on.
I want to tell people, he gave us real inside baseball on that Treasury General Account.
That's how Yellen can mess around with the markets and we're going to monitor it every day.
Now that he's gone public, the Warren Posse can monitor it.
unidentified
So thank you very much.
sebastian gorka
Just a little footnote there.
What you said in your preface to your last question to Scott, we need to keep our eye on that distinction you made that, you know, the posse is all good and up to date and has the intel on DOJ, FBI, CIA, Deep State.
But just as deleterious, it's not just the Feds breaking down your door because you're a pro-life activist, it's what they're doing with your money, and how they're indebting your children, your grandchildren, your great-grandchildren, and hocking us up to the eyeballs with the Chinese.
So we need to balance the political nous, the knowledge that the war room posse gets with what they're doing in the financial sector that we just don't talk about enough.
So you know, the likes of Dave Bratton and everybody else.
But more of Scott Besson, please.
With regards to Ukraine, something doesn't add up.
As I told you offline, a good friend of mine from the British Army, formerly of the British Army, just got back from the front lines in Ukraine.
He said he was hanging out with the elite units, were doing fine, getting training from people like him and others, well equipped, rotating in and out, but that's a fraction of the forces.
When it comes to everybody else, the conscripts, the mobilized regulars, They're just tapped out.
They're totally tapped out.
And the idea that you announce this person's firing on Monday, and it's going to be Friday tomorrow, that doesn't make sense.
But we can continue after the break if you want.
steve bannon
Yeah, Seb, hang on.
I want to drill down this.
Very big.
Trying to get $60 billion to the oligarchs that are firing the heroes in Kiev.
unidentified
next. Here's your host Stephen K. Bamm.
steve bannon
We're going to play Victoria Newell in a second.
I want to go back to Seb.
Seb, Yellen just came out and said it is urgent.
unidentified
The Secretary-Treasurer, it is urgent.
steve bannon
Urgent.
That we fund the $60 billion to Ukraine as for national security.
Walk me through your assessment from your friend of the battlefield, what's happening, Akiv, and why, oh why, is Zelensky?
Why is he taking on a guy that has approval ratings of 88% and is revered, even CNN and MSNBC said this guy's revered by the soldiers, the parents, the citizens, the military establishment.
Why?
sebastian gorka
Well, he must be desperate, and that's the question.
Why is he desperate, and what's forcing him to do that, or who's forcing him to do that?
That's the real question.
And, you know, I have to share with you a tweet from a congressman I just saw, somebody I'd never heard of.
Have you seen this tweet earlier today?
This individual has stated, and this is a GOP congressman, that's why it's so very interesting, that you have to vote for the border bill, the Langford bill.
Why?
Because if you don't, you're falling for Russian propaganda.
Can you just stop and understand the significance of that?
When you have a Republican member of Congress who's saying, if you don't vote for a bill that allows, that recognizes 5,000 illegal immigrants can come into the nation every single 24 hours, you're actually working for the Russians?
Oh, here it is.
It's a senator.
Senator Mike Rounds, quote, I suspect that a lot of the internet rumors about the border deal are coming from overseas.
Do we have Adam Schiff on our side of the aisle in the Senate, Steve?
I have a certain guest I'm trying to get on the show tomorrow who, as we speak, is getting a data dump from the people around Zelensky and Finding out what's true about the Monday announcement and the imminent firing tomorrow.
I'll share everything with all of my listeners and you, Steve, as soon as she comes on the show.
But right now, something stinks.
Ukraine is in trouble because they simply do not have the capacity to rotate the main forces out of theatre.
There's no way.
You know as well as anybody else, if you have Fighting units, a third of them are in theatre, a third of them are training, ready for deployment, and a third of them are recovering from deployment.
That's not the case.
All the main fighting forces are deployed, with a tiny amount who are training, and then the elite who are being rotated in and out.
That operational tempo is unsustainable.
steve bannon
Except, you know, they talked about press ganging 500,000 new troops, which they can't do.
The general's already told Zelensky he can't do that.
In addition, the civilian executives, they just discovered, they admitted they have a $40 million, you know, stealing of money for fake invoices for artillery shells.
It could go much deeper.
Zelensky, the Spring Offensive failed.
Now they're talking about a new Spring Offensive.
Everything he's touched has failed.
The military's at least delivered with their courage and their valor.
I mean, how do you see this thing playing out?
Do you think there's any chance people could write a $60 billion check when you've got essentially a potential coup?
Because the other general said, no, we will not back up this guy leaving.
And he said, I'm not voluntarily going to resign.
sebastian gorka
Look, having spent 15 years of my life in that region of the world, 42 billion, are you kidding?
You know, let's put another zero on the end of that.
That whole part of the world is former communist.
And if you want to understand that region, you have to understand the endemic corruption that's existed there since the fall of communism, not simply until November the 9th, 1989.
When it comes to what my predictions and nothing's changed from what I predicted over the last year.
This will become a frozen conflict like Transnistria, like Moldova, like South Ossetia.
You have to give credit to the Ukrainians that they've managed to fight from 22nd in the world.
against the nation ranked second, fighting that nation to a standstill.
They are bleeding out.
They are beyond, beyond tired.
But again, Steve, there's a big difference when you're defending your homeland, right?
These people will never forget the Holomador.
They will never forget the 8 million that were killed by the Kremlin in the 1930s.
So, you know, they'll fight not to the last man, they'll fight to the last 12 year old with a pointy stick.
Nevertheless, it will continue to get ugly, and there will be – look, let's be honest, how does this end?
This ends if we do our part, God willing, President Trump is re-elected, and at 12 o'clock on Inauguration Day, whether it's you, whether it's me, whether it's somebody else in the new administration, we put that call through to the Kremlin, we put that call through to Kiev, and we say, Time to get real.
This ends now.
That's the only hope for Ukraine.
That's the only hope for Europe, getting President Trump and the old band back together in the West Wing.
steve bannon
Seb, before we let you go, you were my deputy in the White House and we worked together for years over at Breitbart.
Can you give the assessment right now of the national security risk of this amnesty bill as far as what you've seen so far?
sebastian gorka
Think of the worst possible scenario and then double it.
And it's not just the bill.
I opened the show with a video of the eight illegal aliens in New York, and I asked just one question, just one very simple question.
What happens to a society where it's, when it's law enforcement officers, those who run towards the gunfire can be beaten up on camera by illegal aliens who four hours later walk out of the booking center, walk out of the police station and give a middle fingered salute to the people waiting outside with massive crap eating grins.
That society cannot last.
When you're allowed to get away with that, whether you're an illegal alien or whether you're somebody who sees that, that society is on the brink of collapse.
But if you look at the fact that 9-11 was 19 jihadis, in the last year we've arrested 150 terrorists on the border.
Out of the 8 million illegals that Biden has let into the nation that we know of, there is no threat assessment that isn't catastrophic.
It is catastrophic because our enemies know the border is open and they've been secreting their assets into this country for three years nonstop.
Divisional-sized assets make it incredibly easy to put the best of your best jihadis, cartel members, North Korean operatives.
You choose which enemy threat group it is.
They have been secreted into the nation.
That's why I pack heat wherever I go.
I am authorized to do so.
That's why I've got the hard ceramic plates in the back of my Mustang.
Because when this goes off, it's going to get very hot very quickly.
And the front line is going to be your front door.
I don't care where you live.
You don't have to be on the border.
The front line in this war will be when you step out of your home.
steve bannon
Seb, right before I let you in, one more question.
You and I have talked about this for years on this show.
Chris Wray said yesterday in front of Congress that a cyber Pearl Harbor is being planned by Chinese hackers.
I mean, it's a prelude to war.
You combine that with what you just mentioned.
It's a kinetic third world war on the continent of North America in the United States of America, sir.
sebastian gorka
Steve, come on.
Did your guys not prep your show for you?
Do you not have the audio actuality of John Brennan giving an interview today where he said it's okay Xi Jinping told Biden he's not going to attack us with cyber forces?
Did you not play that cut of the man who voted for the Communist Party USA in the 1980s?
She told Biden he's not going to do it!
I mean, just relax!
What are you talking about?
But it's not just cyber.
I had Brett Velikovich on my show today, who's a former drone targeter, right?
He's the guy who took out HVTs, high value targets, with JSOC as a drone targeter.
And what he told me on my show, and you can watch it on Rumble or I'll post it on my social media, what he told me about the Iranian drone that killed our servicemen in Jordan, he says the guys who designed that and the size of payload that it can deliver, he's seen those in action in Ukraine.
He's been buzzed by them in theater.
And you know what he said at the end of that?
He said, I expect to see that In the skies over the United States, Steve.
So pick it.
Pick kinetic.
Pick mass shootings.
Pick cyber.
Pick EMP.
Pick bio.
And pick drone.
But add it all together.
That's what we gotta prep for until God willing, we do what has to be done in 10 months' time.
It's a concatenation of the worst threats you can imagine in a Stygian witch's brew.
And it's coming our way because of Biden and everybody from Drake Sullivan to Austin Lloyd to everyone else who hates America.
You can't defend and protect an entity that you detest.
And that's who these people are.
steve bannon
Dr. Gorka, brilliant.
Where do people get your show, podcasts, all your writings, books, all of it?
sebastian gorka
The latest book is The War for America's Soul.
The one that propelled me to the White House, thanks to you and others, is Defeating Jihad.
Sadly, more relevant than ever.
And then, you know, I'm on all the social media platforms that matter, except for those fascists on YouTube.
So Rumble, Facebook, Instagram, Parler, Get a Truth Social.
Just look for Seb Gorka or Sebastian Gorka.
And my original analysis is on my Substack, which is sebastiangorker.substack.com.
That's my whole name is one word, sebastiangorker.substack.com.
Congratulations again on Scott, and let's hear more from him in the future.
steve bannon
Thank you, brother.
Appreciate it.
Fantastic.
You heard what Seb pulled together right there.
That is not, you know, from obscure journals now.
He's taking this from congressional testimony.
He's taking it from places like the Wall Street Journal.
This is not buried in the archives or this is not behind some security clearance wall.
That you can't understand it.
And he said it, I think, magnificently.
You've got all these threats that are converging.
And think about what's going to happen.
They're going to put the text of this bill out, this amnesty bill, that will literally be the destruction of the country because it will codify into law the invasion of your nation.
It will codify into law the fact they're not going to deport any of the 10 to 12 million they've allowed in on their watch.
Forget the illegal aliens that were here before.
I'm talking about on their watch.
of what they planned on and try to get into this country.
We'll not deport one of them.
And more importantly, particularly for the economic structure of this country, with African Americans and Hispanic Americans, working class Americans, and particularly those that are low skilled, it will flood the zone.
They'll immediately give, I don't know, six or seven million work permits.
Because the elites want lower wages and the elites want bigger consumer markets.
So for them it works.
Of course it'll destroy your schools, it'll destroy the health care of these regions, it'll crush families, right?
Then you have to have more government intervention, like this tax bill, this phony tax bill.
It's just a welfare, an increase in welfare of 1.5, up to 1.5 trillion dollars as Heritage has done the analysis.
And so what Seb just laid out right there is the culmination of all of that.
And that's why we live in perilous times.
And that's why we live in turbulent times.
That's why I keep talking to folks about Birch Gold.
Make sure you go to birchgold.com.
Just understand why gold?
Why is it gold?
Why is it this one thing that's been a hedge against times of turbulence for 5,000 years?
Because the times of turbulence we're going to go through and the times of tribulation, I think that's all before us.
Remember, President Trump does not get back to the White House until January of 2025, essentially a year from now.
Well, in a year, you could live many decades.
Short commercial break.
Back in the warm in just a moment.
unidentified
Here's your host, Stephen K. Vance.
steve bannon
OK, welcome back.
I think I'm going to clip that, how Seb put that, because it was quite powerful.
But over the next couple of weeks, you have this now new tax bill.
I mean, here's the irresponsibility of them.
With all this fight and now you heard Scott Besson talk about how they're gaming the system with liquidity in the market.
They're not doing quantitative easing because that would be out in front.
They're using the Treasury General Account, which we're going to start monitoring and insiders on Wall Street monitor closely to see how they're playing around with liquidity in the system to prop up the stock market, at least temporarily.
Because the financial assets or financial resource we talked about has now come on It's very anti-Trump, although Scott makes the point that it's really the understanding that Trump could return with the deregulations and the tax cuts and getting your control around spending.
Plus, you know, stopping this geopolitical nightmare that we're getting sucked into every day, a broader war in the Middle East, this Ukrainian nightmare, now the South China Sea and, you know, the CCP.
All of it, by the way, is a brain analysis the other day.
Someone said that if China was to, if Taiwan was to fall, it'd be a 25% drop.
I think it was, I think it was Ken Griffin.
It was Ken Griffin said we would go immediately to a Great Depression.
Ken Griffin, who, as you know, politically is not a guy I think much of, but as a hedge fund guy, is a purely money guy, smart.
He said we'd go into a Great Depression immediately.
If there was either a blockade or an evasion of Taiwan.
That's the knife's edge the world's on since President Trump had the election stolen from him.
Because stolen elections have catastrophic consequences.
Remember Jim Rickards was on a couple of weeks ago.
If you like more of that, Jim Rickards puts out this monthly newsletter, Strategic Intelligence.
You should go to Paradigm Press and check it out.
We're trying to give you every tool in the toolbox.
Just because you're a working-class audience, just because you're middle-class doesn't mean you can't get the top thinking.
Besant is a legendary trader, a legendary hedge fund manager, and as you can tell today, he's not done a lot of TV interviews, but what he had to say was quite powerful, but that's the types of exposure we're trying to give you to make sure that you make the smartest decisions for you and your family because we live in turbulent times and it's only going to get more turbulent.
Remember, you had this tax deal that came out of nowhere, had to be passed immediately.
Johnson had to use, once again, suspension of rules, get all the democrat votes.
It's up to 1.6 trillion, don't believe the 70 billion, adds another massive amount to our deficit.
You got this whole, now we're going to get the language on the Ukraine bill and on the Amnesty bill, that's all got to come.
They're going to drop that on us.
We'll make sure we do the full analysis with the audience and for the audience next week.
But that's another $100 billion.
That doesn't include the $7 trillion they're going to spend with a $2 trillion deficit.
So we're going to get into all that.
So we're on a knife's edge right here.
But you were in the driver's seat.
Remember, you're the protagonist.
One other item, and I'll get to it again tomorrow morning, McCarthy's announced he's going after the Gates Eight, which we call the Hard Eight, or the Heroic Eight.
Will we dare him?
He's gonna put his money in.
Hey, War Room will match up with him at any time.
And we got a lot of information on McCarthy, particularly about Sequoia Capital and money he took, particularly related to the Chinese Communist Party.
We will go into great depth So you can understand the clients, the guys that take money from McCarthy are stuck with McCarthy's treason, okay?
And we'll lay it all out, make sure you understand it before you vote for somebody against one of those heroes of the eight that turfed him out.
And hey, Kevin, you know, don't go away mad, just go away.
You've been humiliated and you're in the history books.
For the first time in the history of this republic, We fired a Speaker of the House.
And yes, you were fired within, I think, nine months of taking it.
So, your total incompetence is in the history books, never to leave.
But don't take it too hard.
Just go to Silicon Valley and make money with your friends.
Have them make money with you.
Or let you make money with them.
Mike Lindell joins us.
Mike, they're coming after you.
I think tomorrow, my guess is tomorrow is when the judge comes out and tries to take Trump's $400 million and tries to bankrupt it.
It could be next week.
He said he'd commit it.
He'd do it by the 31st.
He did not.
Maybe he's sweating bullets a little much, but they're coming after you.
I know you got a big announcement to make, but they're coming after you to bankrupt MyPillow because, quite frankly, they've had a belly full of Mike Lindell saying, game day voting, paper ballots, hand counted, no machines, they don't like it, they don't like you, and they don't like my pillow.
Your response, sir?
mike lindell
Well, my response to them, it's too late because we already have the plan to secure our elections.
You go to LyndalePlan.com.
Everybody learn about that there.
And we are trying to destroy MyPillow, this awesome employee-owned company.
Well, tomorrow morning we're going to have a big announcement with our other platform, MyStore.com.
Which by the way, it's all entrepreneurs USA products and you can get a pre go pre look there we put the war room code that you can use there right now tonight and We're get my pill is going to be doing all the fulfillment for that too So it keeps our employees even more busy, but you guys have done this you kept the war room code The War Room Posse, look at that.
That's the special we were gonna have out there all over the place for $39.98.
We took an extra $10 off the queen-size MyPillow 2.0, best pillow in history.
Remember, we've sold over 83 million MyPillows, and we're gonna hit 100 million, I know that.
$5 more for the king-size.
All these specials we were gonna have with these commercials that we had done for Fox and others.
There's the blankets.
All the blankets came in.
By the way, the final sheets, they're gonna be gone very soon, but they're all in right now.
All the new colors came in.
War Room Posse Special.
You guys can use that promo code WARROOM or call 1-800-873-1062.
Your whole order will ship with free shipping.
And Steve, everyone's been taking advantage of the beds and the MyPillow toppers because of that high price shipping.
And remember everybody, we help design, I help design those beds.
It's every piece that goes into a bed, every part of it.
How will it help me?
How it's going to help?
Problem, solution, and you manifest to the greatest bed and topper in history.
All our products are like that.
You got to look at a product.
You invent some product solution or problem solution, but you guys get it for the best prices in history.
It actually helps you.
And it helps my employees and my pillow, which then, It helps me because I can be out there fighting for our country and getting rid of machines, go to paper ballots, pay and counting, and get this plan moving forward.
So everything works together and you guys have helped so much.
I don't know where I'd be right now without the War Room Policy, Steve.
You guys have done it all.
steve bannon
Well, it's the quality of your products, the quality of your people, the quality of your company, and the quality of your character, sir.
800-873-1062 is the number.
MyPillow.com, promo code WORM.
Make sure you got the back of Mike Lindell and the entire team out there in Minneapolis.
Mike, thank you so much for joining us, brother.
I look forward to seeing you tomorrow.
mike lindell
Big announcement.
MyStore.com, everybody, tomorrow.
steve bannon
On the War Room, the second hour is going to start.
Rob Reiner's throwing down on Christian nationalism.
We've got a packed show.
Liz Zur is going to join me.
Brandon Showater.
Do not miss the next hour.
unidentified
You'll get even more jacked up.
steve bannon
Short break.
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