Feb. 12, 2024 - Bannon's War Room
48:51
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
| Because we're going medieval on these people. | ||
| I got a free shot on all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
unidentified
|
MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
|
Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
War Room, here's your host, Stephen K. Babb. | |
| Okay, welcome back. | ||
| Monday, 12 February, Year of the Lord 2024. | ||
| Jason Tran is going to join us in a moment. | ||
| I got a call over from him, but I want to finish. | ||
| Mike, so Congressman Miller sent a note, a letter to CBS saying she didn't think it was appropriate to have a Chinese Communist Party apparatus, you know, advertising on the Super Bowl. | ||
| She got blown off. | ||
| That was Temu, which is a total CCP company. | ||
| Remember, this is information warfare. | ||
| This is what TikTok is doing. | ||
| Now they have Temu. | ||
| They want to get all your information. | ||
| Walk me through. | ||
| I got to bounce, but walk me through quickly, my store. | ||
|
unidentified
|
Yeah, you guys, not only can you use your War Room code on MyPillow.com for all of the exclusive War Room specials, we've launched MyStore.com and you guys have responded so The MyStore.com for entrepreneurs and thousands of USA-made products. | |
| The media has already mocked this platform. | ||
| Jimmy Kimmel went on there, went after it, but you guys have made it all possible. | ||
| Here's the special on my pillow for $29.98, the queen size. | ||
| You keep my factory busy, and I'm out there. | ||
| We got our groups on the ground trying to secure our elections, and it's all because of you, War Room Policy. | ||
| Those specials there, there's the 2988, the 20-year anniversary MyPillow on sale, but we've got the MyPillow 2.0. | ||
| Here's the MyStore platform here, you guys. | ||
| All these products, you can scroll down. | ||
| Their stories are there, USA socks. | ||
| You've got the MyStore gummies. | ||
| These are all individuals that have, they started out just the way I did, and they developed their products. | ||
| You've got the paintings there. | ||
| There's Jim Hansel, my painter. | ||
| He's actually legally blind. | ||
| That's the one Jimmy Kimmel mocked on TV. | ||
| But you guys have supported all these entrepreneurs. | ||
| Thousands of products, everything from home decor, bed baths, you name it on there, it's there. | ||
| And they've been vetted over two years now, all these products, and they're finally up, and all their stories are there too. | ||
| So use the promo code War Room, support USA Made, and check it out. | ||
| You can shop all, Everything you need is on that site, and all USA made, and we're not going to let them be copied overseas. | ||
| No, no way. | ||
| And Temu's not even like Amazon. | ||
| It goes up and it's copied immediately, and the entrepreneur gets screwed. | ||
| Temu, it's the slave labor of Lao Bai Jing. | ||
| It's Lao Bai Jing that's the slave labor. | ||
| They do it right out of the box. | ||
| Mike, thank you so much. | ||
| We look forward to having you back this afternoon. | ||
| We're going to have you on and talk about the Arizona situation. | ||
| So thank you so much, sir. | ||
| I appreciate it. | ||
| Mike Lindell. | ||
| Got the Patriots award from President Trump and the team down there in Mar-a-Lago over the weekend, amazing. | ||
| I've got a cold open from the, I think this morning on Squawk Box, let's go ahead and play it. | ||
|
unidentified
|
Can government spending and government employment and fiscal spending and the Fed, can Keynesian economics work? | |
| I mean, is that what you attribute this economy to right now? | ||
| Because Joe Biden really hasn't done a pro-growth, I don't know, Republicans think pro-growth is supply side stuff. | ||
| There's just been a lot of... Listen, Joe, we're running a budget deficit of 7% of GDP right now. | ||
| We've only done that three other times since World War II, and those times we were deep in recession and the unemployment rate was above 7. | ||
| Running a budget deficit this large at full employment is unheard of. It's crazy. | ||
|
unidentified
|
Trump did it too though, right? | |
| Well, nothing to this extent. | ||
| Nowhere near 7% of GDP. | ||
| And I'm not saying we didn't spend a lot of money. | ||
| It's a bipartisan issue. | ||
| The problem is, without the Fed being the buyer of last resort for treasuries, long-term interest rates are going to head higher. | ||
| But maybe that's the plan. | ||
| Maybe that, but the thing is, you can't control everything. | ||
| If the Fed is going to do that, you're going to have a persistent inflation problem because, as we know, inflation is too much money chasing too few goods. | ||
| Okay, Brother Treanor from Strategist, that's pretty counter-narrative of the soft landing, they've done a great job, Joe Biden, Bidenomics is working, Janet Yellen's a genius, you know, she's Yoda, and Powell's the best Fed Secretary we've ever had. | ||
| You have a counter-narrative. | ||
| That I think you back up with empirical evidence. | ||
| What's your point? | ||
| Because, and we couldn't play the whole clip, but the Squawk Box guys were not exactly high-fiving you. | ||
| So, what's the reality? | ||
| No, I mean, I think, listen, I think, and I love CNBC and they do a nice job, but the ultimate arbiter on that show as to whether something is a good policy or not, generally, is whether stock prices are going up. | ||
| And stock prices went up last year, but one of the things I mentioned, and there were two very meaningful changes last year. | ||
| One was when we bailed out the depositors of Silicon Valley Bank by injecting $400 billion onto the Fed's balance sheet. | ||
| The second was when Janet Yellen suspended coupon issuance, just a fancy way of saying she stopped issuing long-term debt. | ||
| in in late October, and so you had a situation where earnings for the S&P 500 were flat, long-term interest rates went up, and yet stock prices went up by 24%. | ||
| To me, of course, it feels good when stock prices are up, but We're not really doing it the right way. | ||
| You're not you're not doing it the way in which that is something that signals broad productivity growth or broad increase in the productive capacity of the United States. | ||
| You're doing it with smoke and mirrors. | ||
| This is a no holds barred economy right now, both from the Fed and the Treasury Department and the administration. | ||
| They're using every tool in their arsenal to keep the economy out of recession. | ||
| That could almost sound noble, except that there will be a cost to pay for that longer term. | ||
| And you're papering over a lot of the structural problems that we have been creating in the U.S. | ||
| I want to go to the structural problems, but first, you put up an amazing chart. | ||
| And if Denver could put this up. | ||
| I think your concept here is called the Common Man CPI. | ||
| Walk us through what this is, because this will lead us into the structural issues we have here, and the games that are being played, and the smoke and mirrors. | ||
| So walk me through what reality is. | ||
| So reality is, one of the things that's happening with the Biden administration, and I think it's justifiable on one side, you can say, well, listen, they say the unemployment rate's extraordinarily low, inflation's coming down, and yet stock prices are near all-time highs. | ||
| Why aren't we getting more credit for the economy? | ||
| What we did here was we took a look at inflation, but on things that people have to buy. | ||
| So, it's housing, it's food, it's energy, it's utilities, it's insurance. | ||
| It's not the rest of the things in the CPI. | ||
| So, as you may know, the Bureau of Labor Statistics, they have headline CPI and they have something called core. | ||
| Which excludes food and energy. | ||
| The problem is for most people, you know, eating and staying warm is pretty core. | ||
| And so what we did is we said, all right, let's look at all the items in the CPI and say, what are the things people have to buy? | ||
| And what this shows you is that those prices have risen far faster than wages by about 7%. | ||
| And this is why the president is not getting the credit they deserve. | ||
| They believe they deserve right now. | ||
| And in my opinion, there's very little that's going to stop this, given the fact that we now have $34 trillion in debt. | ||
| We're likely to run another budget deficit of $2 trillion, about 7% of GDP this year. | ||
| And so the problem is the Fed has largely monetized the debt, which means they've bought a lot of the debt. | ||
| which keeps interest rates down, but there's no wisdom in that. | ||
| It's literally just trying to buy a little time before the bill comes due for all of this wayward spending. | ||
| So, you call this common man CPI. | ||
| That is essentially the lived experience of working-class and middle-class Americans, is it not, sir? | ||
| Correct. | ||
| So again, you know, food, energy, clothing, shelter, insurance, utilities, things that you can't necessarily, you know, they're not discretionary items. | ||
| Going to Cancun or Destin, Florida, or buying a flat panel television. | ||
| I mean, those are things you could do at another time. | ||
| These are things you have to pay for every day to survive. | ||
| And this is telling you that people's wages are significantly behind, about 7% behind, what the cost of these goods that you have to pay for have been over the past five years. | ||
| And this is people's lived experience. | ||
| This is why people don't feel good despite the fact that stock prices are hitting new highs. | ||
| Now the structural issues you just talked about and what they're doing, the spending, but what they're doing to finance the spending then leads to the fact that ain't gonna change, correct? | ||
| This is, in fact, it could actually get worse? | ||
| I think it's unlike with this Federal Reserve, and I try to give people the benefit of the doubt, really, and my experience is the Fed generally tries to do the right thing, even though they might have bad policies. | ||
| I think QE for 12 years, quantitative easing for 12 years, was a terrible policy, in many ways extraordinarily regressive. | ||
| Which means that it helped wealthy people far more than it helped the average person. | ||
| But this is what they know. | ||
| This is a new tool. | ||
| And as you know, in Washington, once you get a new tool, once you get a new power, you don't give it up. | ||
| I don't think the Fed's going to give this up. | ||
| The problem with that, Steve, is that it's going to be very difficult to control inflation over the long term if the Fed is going to step in again. | ||
| and save the federal government from its wayward fiscal ways, it's very hard to control inflation that way. | ||
| So you can do it, it'll work, quote-unquote work, but it only creates more resentment among the voting public and the average person. | ||
| Average person for 12 years got zero on their savings accounts, okay? | ||
| If you had private equity, if you had Bitcoin, you had SPACs, you had anything leveraged, you crushed it. | ||
| And to me, that's not the way it should really work. | ||
| You should be rewarding thrift. | ||
| You should be rewarding people that make very prudent financial decisions. | ||
| And yet, really, it was quite the opposite for 12 years because of the Fed. | ||
| They're addicted to it now. | ||
| I don't see it changing unless there's a change in the chairman of the Federal Reserve. | ||
| See, we have two addictions. | ||
| One, you have the fiscal side and you have the monetary side. | ||
| Those are two things of economic policy, right? | ||
| Macro policy. | ||
| I want to go, you now have, and you've been arguing this in your own quiet way with empirical evidence for years. | ||
| Now other people, Jamie Dimon, who I think is trying to think through a presidential run in 2028. | ||
| He's a newborn populist. | ||
| Over the last 72 hours, it's been like Cassandra. | ||
| He's warning about it's ten years, it's going to be over. | ||
| Which is going to be much... Nassim Tlaib, the brilliant guy that came up with the black swan, he says, no longer a black swan, it's a white swan. | ||
| It is inevitable, it's going to happen, and it's between five and ten years. | ||
| But on Capitol Hill... | ||
| They're up there all weekend, and we're covering it 24-7. | ||
| They're talking about another $100 billion supplement to really an $850 billion defense spending already. | ||
| There seems to be this massive disconnect, and we've only got a minute here, and we'll hold you through the break. | ||
| We are in republic-ending endeavors on Capitol Hill because of the spending. | ||
| What is it going to take to wake these guys up? | ||
| Well, the thing is, this is where the Fed comes in. | ||
| The Fed has essentially taken the instrument panel out of the automobile. | ||
| Because the Fed is subsidizing interest rates, there's no signal to fiscal policymakers to stop spending. | ||
| In the past, James Carville said he wanted to be reincarnated as the bond market because it intimidated everyone. | ||
| And right now, the bond market doesn't intimidate anyone because the Treasury Department is going to stop issuing long bonds or the Fed is going to start buying them. | ||
| But again, you are just papering over the problem. | ||
| You are just buying yourself a little extra time. | ||
| Sooner or later, it's going to find its way into either bond yields or the currency, or both. | ||
| And I think we're likely to see that without some sort of course correction over the next several years. | ||
| Hang on for one second. | ||
| I want to take a short commercial break. | ||
| Jason Trennert joins us from Strategis, considered one of Wall Street's smartest guys. | ||
| And I might say, or dare I say, a populist? | ||
| The working man's voice that's always helped us think this stuff through. | ||
| So remember, you get some pretty smart guys on our side of the football. | ||
| Short commercial break. | ||
| We're in return in a moment. | ||
|
unidentified
|
You know, to use the dollar as a tool of foreign policy struggle is one of the biggest strategic | |
| mistakes made by the US political leadership. | ||
| The dollar is the cornerstone of the United States' power. | ||
| I think everyone understands very well that no matter how many dollars are printed, they are quickly dispersed all over the world. | ||
| I want to spend more time with Jason. | ||
| I'm going to break this down, as I told you, if not at six o'clock tonight, then tomorrow, about the dollars, the prime reserve currency. | ||
| Putin, I think it went on for four, four and a half minutes. | ||
| There's not many leaders in the world, maybe Trump and Putin, that could talk about the importance of currency and dollar and us being the prime reserve currency. | ||
| As we keep telling you, we're at the end of the dollar empire because of the printing machine. | ||
| When Jason Trena talks about monetization of the debt, quantitative easing, these are highly technical terms used on Wall Street, but this audience understands it because for the last couple of years we say you have to understand this. | ||
| This is what the long con is. | ||
| Right? | ||
| And now, and you're the ones being conned. | ||
| So, this is incredibly important. | ||
| I just want to make, Joe Allen's going to follow us right here. | ||
| He's going to be here in a minute on artificial intelligence. | ||
| As Jason made that great comment today when talking about the stock market so far up, he says, well, look, the max seven are up. | ||
| But the rest of the country, the rest of the companies, particularly the industrial companies, the ones that employ people, right? | ||
| Not a bunch of guys writing code or building companies off algorithms. | ||
| The ones that employ people, not so much. | ||
| I think NVIDIA, the chip maker that's focused on artificial intelligence, as Joe's going to tell us in a minute, I think the market cap in NVIDIA is now bigger than the total market capitalization of Hong Kong, of the Chinese stocks in Hong Kong. | ||
| Jason, what Putin said there is that you're seeing the end of the dollar empire, because the United States has overplayed its hand here, using it as a weapon. | ||
| Now, citizens of the United States have to take, until they vote these people out, what's going on here. | ||
| But the BRICS nations don't. | ||
| That's why the BRICS nations, the central banks there, are looking for alternatives to the dollar, this de-dollarization. | ||
| And it's not going to happen overnight. | ||
| But in your scenario, if we keep going down this path, eventually other people in the world are going to say, hey, look, the elites in the United States may be doing this to their own country, but we don't have to suck on it, right? | ||
| We'll have to come up with an alternative. | ||
| Your thoughts, sir? | ||
| Listen, there's nothing, there's another theory that's very close to this called modern monetary theory, which is essentially the idea that you can spend whatever you want if you're the reserve currency and it has no implications in US fiscal policy like taxes to slow the economy down. The problem with that is that there's nothing modern about modern monetary theory. There's nothing modern about spending money you don't have in foreign excursions or bread and circuses. | ||
| This is as old as humanity itself and there have been very many reserve currencies throughout the history of man. | ||
| And great societies lose them in the same ways by continuing to spend money they don't have. | ||
| It is not imminent that the US would lose its reserve currency. It's still on about 90 percent of, one side of 90 percent of transactions globally. | ||
| But if we continue down this road, it seems to me we are the power of and the strength of having the reserve currency will weaken. | ||
| People will look for other alternatives. | ||
| And I think that's true of our debt as well. | ||
| China, Japan, Saudi Arabia are all, for a variety of reasons, are all trying to diversify their holdings of U.S. | ||
| treasuries. | ||
| And that is something that, again, will raise, at a minimum, start to raise interest rates. | ||
| If taken to an extreme without some sort of course correction, it could eventually lead at a minimum to significantly higher inflation versus goods, and at a maximum to another option, another fiat currency option. | ||
| The U.S. | ||
| is very much bailed out by its competition in this regard. | ||
| There aren't very many other fiat currencies that are backed by anything other than the full faith and credit of their countries. | ||
| And so the U.S. | ||
| tends to win because we have the biggest Navy and the biggest military. | ||
| But again, this is no divine right to have the currency, the reserve currency. | ||
| We have an ETF called the SAMT that plays this idea of de-globalization. | ||
| We feel very strongly that the world is the great movement towards globalization which started when the Berlin Wall came down in 1989 and then when China joined the WTO in 2001. | ||
| We think that's coming to an end and we're playing that largely through higher exposures to defense stocks, And also energy stocks as well. | ||
| So, and where do people go to get information about this? | ||
| This is the ETF you set up. | ||
| Just explain, explain to our audience what an ETF is and why it's something they should think about. | ||
| Yeah, an ETF is, it's called an exchange traded fund. | ||
| It's not that different than a mutual fund, but in some ways it's better because it has less tax liabilities, less transaction costs. | ||
| But it's the same thing, and it's cheaper to own. | ||
| But it's essentially a fund of stocks, and ours is called SAMT. | ||
| You could go to our website at Strategas and find out information about it. | ||
| And we also have one that's focused on lobbying, focused on companies that are the most intense lobbying companies. | ||
| It doesn't make us feel good to play that in a way, but it is the way the world works. | ||
| And it works. | ||
| The thing is it works. | ||
| We got to help the warm audience figure out how we short the lobby ETF, but I kid you. | ||
| I want everybody to go to the site and immerse yourself. | ||
| Jason's one of the smartest, best guys around. | ||
| But I want to go back to something. | ||
| Look, when we say full faith and credit, this audience is the full faith and credit of the United States. | ||
| It's the backbone of the nation, right? | ||
| It's the taxpayers, the people, sons and daughters. | ||
| That's the full faith and credit of the United States, is this audience. | ||
| And these are people that just want to be left alone, build their families, you know, they'll pay their taxes, but what's going on now they see as a circus, and they're getting blamed for it. | ||
| They're the problems, they're the agent of chaos, they're the domestic terrorists, Trump is their agent of chaos. | ||
| But you look at modern monetary theory, And here's the point. | ||
| The institutions in this country, the fiduciary institutions in this nation, took a radical French idea, modern monetary theory, and we've basically run the country on this indefinitely since the Biden regime's come in. | ||
| You've seen this. | ||
| How could that have happened without any public debate? | ||
| In fact, quite frankly, the Wall Street Journal will come out, op-eds or editorials, how terrible this is. | ||
| But correct me if I'm wrong. | ||
| Did not the lords of easy money on the oligarchs of Wall Street and in the Fed and in Treasury embrace this theory along with the political class because it got people off the hook and allowed the long con to just continue? | ||
| Absolutely. | ||
| And they didn't support it explicitly, but they clearly supported it implicitly. | ||
| Listen, this monetary system we have now was considered Illegal, largely, before the global financial crisis. | ||
| In the Fed's charter, it does not really have the ability to print money, but except in exigent circumstances. | ||
| Now, the global financial crisis was an exigent circumstance. | ||
| There are no atheists in foxholes. | ||
| It's hard to be that pure. | ||
| Having said that, once that power was given to the Fed, they never relinquished it. | ||
| The Fed became, in the words of a lot of scribes and also people in Washington, the only game in town. | ||
| Well, the problem with that is that the Fed is not elected by people. | ||
| It's a group of unelected people that are not accountable to the voters. | ||
| And so the Fed should never be the only game in town. | ||
| We have elected officials that can be voted out of office that are supposed to take that responsibility. | ||
| I would love to see a Fed that relinquishes that response, that those powers are very unlikely to happen without a different Fed chair. | ||
| It might result in some very difficult choices that need to be made, but it would lead to a far better allocation of capital, a much more fair capital market, much better outcomes for average people. | ||
| I feel very strongly about that, and that's something that is really, it's something that was dreamed up by a lot of PhDs. | ||
| It looked like a good idea, it got everybody off the hook for a while, but it's created massive distortions on our economy. | ||
| And in our capital markets. | ||
| I just want to go real quickly, Geithner and Bernanke during the financial crisis, how were those powers, just how are those powers given to the Fed, which you said up until that time was actually illegal because you could not, I mean, you got Nixon off, God took us off the gold standard, the convertibility, golden 71. | ||
| Then you had the financial crisis of 2008 kind of caused a little bit by that. | ||
| How, what actual act gave the Fed that power? | ||
| Well, there is, in the Fed's charter, I think it's section 13.3, and it does give, I would say, the Fed broad power to use this with congressional oversight. | ||
| It does give them the ability to use that power. | ||
| It had never been used before, though. | ||
| And at the time, of course, we were in very serious trouble economically, and the power was given. | ||
| The power was ceded to by Congress. | ||
| The problem was that Congress never wanted the power back. | ||
| They were perfectly happy to give the Fed the ability to print money, essentially. | ||
| And it relieves them from having to make any difficult decisions as far as fiscal policy is concerned. | ||
| Again, it's like taking the speedometer out of the automobile. | ||
| You have no idea how fast you're going. | ||
| The dashboard, right? | ||
| It really is, again, to use it for one or two years in a time of crisis, I would say, given that what was happening in 2008 made sense, using it for 12 years was irresponsible. | ||
| Sir, where do people go, once again, to get to your website, all your information, in particular the ETF? | ||
| Yep, www.strategusrp.com or www.strategusasset.com. | ||
| Jason, always great to have you on here, and always great how you're thinking through things from the little guy's perspective. | ||
| Thanks a lot. | ||
| Thanks, Steve. | ||
| I appreciate it. | ||
| Because they are the full faith and credit of the United States. | ||
|
unidentified
|
Not the Fed, not Congress, you. | |
| and you're chairman now of the creditors committee here in the war room. | ||
| Here's your host Stephen K. Bannon. | ||
| Okay, Grace and Mo helped me out here, but I think it's 12 noon for the Senate. | ||
| We'll be streaming that today. | ||
| You obviously got Charlie Kirk follows us, Jack Passova. | ||
| We're back five to seven. | ||
| J.D. | ||
| Vance told you a massive vote tonight on this. | ||
| We're going to be manning the ramparts, hopefully giving some leadership into the chat rooms. | ||
| You guys have done an incredible job. | ||
| You got their attention, there's no doubt about it. | ||
| But here's the feedback. | ||
| Senate, you know, the Ukraine hawks are digging in. | ||
| This is Tillis, and folks in Carolina, you know what a beauty that guy is. | ||
| Quote, our base cannot possibly know what's at stake at the level that any well-briefed U.S. | ||
| senator should know about what's at stake if Putin wins. | ||
| Let me repeat this, you collection of morons. | ||
| Our base cannot possibly know what's at stake at the level that any well-briefed U.S. | ||
| senator should know about what's at stake if Putin wins. | ||
| Well, Tillis, You've been dead wrong about this war from the beginning and the War Room has been right and this audience has been right from the beginning, two years ago. | ||
| We called every shot. | ||
| Okay, so don't sit there and give me, oh, I got the... Because this is the game they play, the CIA and, you know, the Deep State to get in there and get these guys all worked up. | ||
| This is what happened to Johnson. | ||
| He took his biblical worldview, had a couple of security briefings. | ||
| You know what, Navarro and I used to sit there, we got the morning brief. | ||
| I'd sit there all the time and go, now, why is this classified? | ||
| Nine-tenths of it are all crap, okay? | ||
| They've missed every important development. | ||
| So, our base cannot possibly know what's at stake at the level that any well-briefed U.S. | ||
| Senator... Well, first off, the audience is smarter than you guys, because most of you don't have three-digit IQs, and tell us, I put you at the top of that list. | ||
| This is how you got to get behind when these people run and they lie to you with a straight face. | ||
| Just watch this. | ||
| This is why we're covering it. | ||
| And all weekend, people saw it. | ||
| Was it a little dry at times? | ||
| Yes, it was a little dry at times. | ||
| They're cutting deals behind the scenes. | ||
| But you see who the traitors are and they're traitors when they come up and these guys, oh, I'm really concerned about Winston Churchill. | ||
| Hey, if you're in South Dakota, In Oklahoma, in these MAGA states, and your sons and daughters have served, have you served? | ||
| Hey, you don't need any guy to say, no, yeah, I got to get a discharge petition. | ||
| I got to take this piece of crap. | ||
| No, and not one penny to stop the invasion on the southern border, and particularly not one penny to deport anybody. | ||
| You understand there's one million deportation citations already been handed out there. | ||
| Guys are not, this is even in a terrible, one million that are out there not being executed on. | ||
| One million. | ||
| They're not deporting anybody. | ||
| Axios had a big article over the weekend trying to scare everybody about what Trump's deportation plan is. | ||
| Trump's going to deport them, but it's going to be very smart. | ||
| It's going to be very smart. | ||
| There'll be more on that later. | ||
| So we got a big fight today on our hands. | ||
| If you like the geopolitics, if you like the economics and capital markets, this is why Jim Rickards, the author of Currency War, is not a big part of the show. | ||
| Go to Strategic Intelligence from Paradigm. | ||
| If you like that stuff, and a lot of the audience doesn't, wants to get more information, wants to get savvier and smarter, just go to Strategic Intelligence over at Paradigm Press. | ||
| They got a monthly newsletter, kind of gets you into the behind the scenes, and obviously he's a super dialing guy. | ||
| So get all that. | ||
| Also, I want to get Joe Allen up here. | ||
| I'm going to play a cold open. | ||
| Joe's going to come on. | ||
| But remember, Joe is the guy that warned us coming to CES. | ||
| Cyber and artificial intelligence. | ||
| Cyber and artificial intelligence. | ||
| The first touch point they're going to get to you is in your home title. | ||
| So go to HometitleLock.com. | ||
| Today, immerse yourself in information. | ||
| about how you don't let either the state actors or primarily the non-state actors take your title, get a hard money second mortgage on your house, and the hard money lenders don't want to hear your tears of woe. | ||
| They want their money at the high interest rate. | ||
| So, HomeTitleLock.com today. | ||
| Let's play the cold open from D. Joe Allen. | ||
|
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NVIDIA Accelerated Computing starts with DGX, the world's AI supercomputer. | |
| The engine behind the large-language model breakthrough. | ||
| I hand-delivered the world's first DGX to OpenAI. | ||
| Since then, half of the Fortune 100 companies have installed DGX AI supercomputers. | ||
| DGX has become the essential instrument of AI. | ||
| The GPU of DGX is 8 H100 modules. | ||
| H100 has a transformer engine designed to process models like the amazing CHAT-GPT, which stands for Generative Pre-trained Transformers. | ||
| The eight H100 modules are NVLinked to each other across NVLink switches to allow fully non-blocking transactions. | ||
| The eight H100s work as one giant GPU. | ||
| The computing fabric is one of the most vital systems of the AI supercomputer. | ||
| 400 gigabits per second, ultra-low latency, NVIDIA Quantum InfiniBand with in-network processing connects hundreds and thousands of DGX nodes into an AI supercomputer. | ||
| NVIDIA DGX-H100 is the blueprint for customers building AI infrastructure worldwide. | ||
| Watch me. | ||
| Just watch me now. | ||
| Just watch me now. | ||
| Okay, um... | ||
| you We told you in the show, this is not entertainment. | ||
| There are a lot of people out there that do great entertaining shows and they're fantastic. | ||
| And if that's your cup of tea, you know, this is work. | ||
| And we understand it's work because you're here to save your nation. | ||
| Now, it's part of it's even deeper signal in that. | ||
| And that is about our culture, society, and quite frankly, homo sapiens. | ||
| You're in a time That we will see in the lived experience of three quarters of this audience, Homo sapien 2.0. | ||
| And we told you, because the convergent on the singularity is just not artificial intelligence, it's biotech, it's advanced chip design, it's quantum computing, all of it, boom, regenerative robotics, artificial intelligence. | ||
| But we told you one of the big triggers to that When ChatGBT came out just a year ago at Davos, remember that? | ||
| Just a year, just a year anniversary, one year. | ||
| That when the capital markets and the venture capitalists and the hedge funds, which is all your money, always remember, they don't have this money. | ||
| It's pension fund money. | ||
| So that would be you. | ||
| That's why this is always a Greek tragedy, right? | ||
| The people that have the strength and do it, it's used against them. | ||
| It's your tax dollars and your pension funds that are used to destroy you, and your children, and your grandchildren, and your society, and your culture. | ||
| Seven Sam Altman that that Joe Allen has focused on and targeted from day one. | ||
| He is now out and he's not talking about this. | ||
| He's doing this. | ||
| He's out raising seven trillion dollars. | ||
| That's the annual spending of this out of control government, but seven trillion dollars is something that of a scale to essentially reform humanity and not reform to change. | ||
| This is the great transformation. | ||
| Using this artificial intelligence. | ||
| Walk us through what Altman's doing, what DGX is, because right now, folks, it's happening. | ||
| As we told you, as soon as the capital markets taste it, and part of that rise of the Mag-7 is because of artificial intelligence, not just earnings they've got from their traditional businesses, but the potential of artificial intelligence, it's happening. | ||
| And once the capital markets get in there in their hysteria, it's Katy bar the door, Joe Allen. | ||
| Yeah, Steve, this is all about scaling. | ||
| And after that, it's about adoption. | ||
| When we first started covering GPT at the end of 2022, It was pretty clear that something major was going to happen, it just wasn't clear what. | ||
| It's still unclear where it's going to go, but we have a very good idea of where they want it to go. | ||
| The cold open is a little dry for the War Room's taste in general, but I thought it would be really good to give the audience a sense of what the infrastructure under artificial intelligence looks like. | ||
| It's based on GPUs, graphic processing units. | ||
| If you were to see a data center, just rows and rows and rows of servers and cooling towers to produce, to train, at this point, something that has become eerily human-like. | ||
| The reason Sam Altman is going around, especially to countries like the UAE, or to nation states like the UAE, looking for what he is projecting at $5 to $7 trillion to build out the infrastructure is because the chips are in short supply. | ||
| It's very difficult now to get GPUs to train these. | ||
| If Denver would throw up a graph real quick, in the last year we saw this huge surge to buy up all the GPUs by the major companies. | ||
| The two tops were Microsoft and Meta, after that Google, and so on and so forth. | ||
| With Microsoft and Meta, you're talking about $150,000 apiece. | ||
| And there are a lot of smaller chips as well that they're using for this. | ||
| What they are trying to do is build out a massive infrastructure to train AGI, Artificial General Intelligence, or as I oftentimes call it, Artificial Godlike Intelligence. | ||
| This is all the major big tech companies, Microsoft with OpenAI, Amazon with Anthropic, Meta, Google with DeepMind, so on and so forth. | ||
| What we're seeing is sort of like at the beginning of the automobile industry when there were no highways or at the beginning of the internet when there was really no fiber optic cable and connections laid across the planet. | ||
| People oftentimes said, well, how is this going to happen? | ||
| Where are people going to drive? | ||
| Or in the case of the internet, how are billions of people going to connect with no infrastructure? | ||
| That is what they're trying to build out. | ||
| Sam Altman is really important in this for two reasons. | ||
| One, He is at the center of this ongoing AI revolution with a large language model at the center of it. | ||
| But two, Sam Altman has been very clear as to what his objectives are. | ||
| He believes that companies like OpenAI under Microsoft will create human-like and then God-like AIs, and that the only way human beings will remain relevant is to merge with them, whether that's through their screens, Or whether that's through Neuralink implants, or whether that's through nanotechnology. | ||
| So, all in all, I would say that what's important for the audience to remember is that when they see Super Bowl ads about Copilot and how incredible it's going to be and what a great partner it's going to be in their lives, sitting beneath this is a fundamentally religious ideology. | ||
| And that ideology is that technologists will create God in a computer, And you will either kneel to it, or you will be left behind. | ||
| They've been very, very clear on this, even in their most subtle statements. | ||
| I want to go back, I want to make sure people understand this, because this is empirical evidence, Scott. | ||
| Talk about the article he wrote called Merge. | ||
| Altman's kind of, and he's not the only mastermind, but he's the one maybe out as the spokesman for this. | ||
| What did he say on Merge, what he wrote a couple of years ago? | ||
| Yeah, if I recall correctly, if memory serves, it was about five years ago. | ||
| It's just called The Merge. | ||
| It'll be at the top of my social media as soon as I'm off here. | ||
| The Merge is Sam Altman's, basically his thoughts on what happens when you get a system that is greater than human capacity, greater than human capability. | ||
| And he, like Ray Kurzweil, who everyone is now referring to, just like Elon Musk, so on and so forth, he believes that humanity is fated to merge with these systems. | ||
| And however unhealthy and horrific it seems today with smartphone addicted AI symbiotes in the future, he sees that as inevitable. | ||
| If you do not merge, then the AI will take over. | ||
| That is the fundamental premise that he's working from. | ||
| One of the most, if not the most powerful AI companies in the world. | ||
| I'm gonna have you back on, but last thing, we got about 30 seconds. | ||
| All the stuff they tell you about climate change, what he's saying when he's raising the 7 trillion, uses all the energy in the world as we know it, and even more, to power what they've got. | ||
| They need power. | ||
| That's why these processing stations and the power generations and the servers, are so concentrated, right? | ||
| They throw climate change to the wind here, just to get it out of the way, because this is going to be the greatest use of energy and power in mankind's history, to build this? | ||
|
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100%. | |
| It's so bad that Microsoft is currently creating and installing, in the process of fusing nuclear reactors, small modular nuclear reactors, to their data centers In anticipation that there won't be sufficient energy in the traditional mode. | ||
| So yes, these things suck up electricity just like they suck up our data. | ||
| It is huge. | ||
| And suck up your humanity. | ||
| Joe, where they get your brother? | ||
| Look for my book. | ||
| If you want to understand Sam Altman, you want to understand this whole religious concept of the singularity, look at my book, Dark Aeon Transhumanism and the War Against Humanity. | ||
| Anywhere books are sold. | ||
| Check my social media at J-O-E-B-O-T-X-Y-Z and warroom.org. | ||
| Thank you. | ||
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| Go to Sacred Human Health today and see the product offering, but maybe start with the beef livers. | ||
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| Remember, Navy SEALs. | ||
| Tej Gill and the team roasted here in the United States of America. | ||
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| Try the Dark Roast. | ||
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| Warpath.coffee.com Get it today! | ||
| If you're a coffee drinker, and I know 99% of you are, go check it out. | ||
| Also CPAC. | ||
| Okay. | ||
| CPAC.org slash War Room. | ||
| 95 bucks. | ||
| We want to see a show of force. | ||
| We've got so much happening and I want to give a hat tip to all the great War Room posse that were on Rumble and Getter over the weekend. | ||
| Just incredible. | ||
| You saw it. | ||
| You saw how it's doing it and today, all day, we're going to start it at noon when they come back. | ||
| We're hopefully going to get some of the senators on it at between five and seven. | ||
| Big vote tonight. | ||
| We've got to man the ramparts. | ||
| Tell them under no circumstances can they give this Ukraine thing an obscenity with nothing about the border. | ||
| This one just stripping, just purely giving it to the oligarchs. | ||
| A country that I think is very close to a civil war. | ||
| Some people would say the Ukraine, Russia, whole thing's a civil war. | ||
| But this is what I'm talking about. | ||
| between the Ukrainians because Zelensky's relieved for cause the most revered people in the military. | ||
| It's because of this recruiting situation. | ||
| They need 500,000 men and young people there don't want to fight. | ||
| Their parents don't want to send them to the front. | ||
| And the military guys are saying, unless we have 500,000, we can't continue this thing. | ||
| He's a stalemate. | ||
| We've got to negotiate. | ||
| Obviously, he's staked it all on no negotiations. | ||
| CPAC.org. | ||
| We're going live, studio participation. | ||
| You guys are going to love it. | ||
| We're going to make a bunch of announcements. | ||
| Have our entire team there from Natalie, Jane, Mo, Grace, everybody, and more. | ||
| Can I play the, can I play a quick, I tell you what, not cold open, because I got Erin Zoran here from SL&T. | ||
| Erin, early in the show we had Congressman Miller, and she's up about this CCP company, because you know, TikTok and now Temu, they're just information warfare companies to suck up all the information about Americans and what they do and how they think and what they buy. | ||
| And of course, TikTok's pure propaganda. | ||
| We had testimony from Ray behind closed doors, classified that the CCP is in all parts of our infrastructure, including communications. | ||
| She said, Hey, Steve, when I'm around, I got my phone laying on my desk and I'm talking about something, later I pick it up, there'll be ads directly related to what I'm talking about in the conference room. | ||
| That's where you guys come in. | ||
| Explain to the audience what she means by that. | ||
| How does that happen? | ||
| And what does it mean the CCP is embedded into our infrastructure today? | ||
|
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|
Yeah, good point. | |
| I think that's one of the heightened use cases around what Silent does by blocking all the wireless signal to your phone. | ||
| But the way that works is that it's not only just the recording of your voice through apps on your phone. | ||
| We're really the problem, and our devices are the culprit, the little snitches, as I like to call them. | ||
| But it's the pattern of life. | ||
| It's the collection of data across all devices that you own and use, and it's really Smarter than you are, so it's serving up information to the people that want to find it, and then it's used in nefarious ways like serving up ads. | ||
| But yeah, if you're not blocking your mic or shutting down your phone inside of a Faraday bag, then you're walking around vulnerable. | ||
| Give me the one minute, because we've had Artificial Intelligence, we've had Joe Allen here. | ||
| When you say pattern of life, you mean pattern of like my life, your life, the audience's life. | ||
| They can actually get all the data, all the information from your voice and what you're doing on the internet to understand the entire structure of your existence, correct? | ||
|
unidentified
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Yeah, if you take a higher level view, like a bird's eye view of how we live as humans, we're walking around with internet connected devices and we have a pattern of life. | |
| We jump into our electric car, we jump into any car that's connected, we use our fridge, we go from point A to point B, we use devices. | ||
| All of our information is being transferred and received anywhere we go and everything we do. | ||
| So if you Put on top of that software and AI or whatever, you could buy all this information from data brokers. | ||
| Like, for example, I wanted to bring up January 6 and the geofencing around that. | ||
| If you were in the general area, all the data harvested was sucked from every device in the area and then computed and everyone was already put on a list. | ||
| So if you had a silent Faraday bag, you were blocking all of that and you weren't being able to be detected. | ||
| So it's a small, uh, use case and a prime example of why to use silent products. | ||
| But it goes back to how we just live our normal lives and the collection of data as a whole, um, our business, our family lives, our friends, like it's, it's all completely out there. | ||
| So you need to take necessary steps to be mindful of that and why. | ||
| I have nothing to hide. | ||
| I don't have enough money in my bank. | ||
| I'm not important enough. | ||
| That's all BS when it comes to someone responding that way. | ||
| So I look to the War Room Posse as being part of the leadership, part of the early adopters that take change, because it really comes down to our devices like our cell phones that are these little snitches, and that ties back into hacking of critical infrastructure, which I think you wanted to talk about anyways. | ||
| Where do you go? | ||
| Where do they go? | ||
| How do they get to the site? | ||
| I want to immerse this audience in information. | ||
| Where do they go to Silent right now? | ||
| How do they get there? | ||
|
unidentified
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SLNT.com, just like my hat says. | |
| It's easy website. | ||
| This is one of our products right here, the Privacy Starter Kit. | ||
| So listen to this. | ||
| You have a cell phone. | ||
| It's emitting and receiving information. | ||
| There's no way to shut it down. | ||
| Airplane mode doesn't work. | ||
| Adjusting your settings doesn't work. | ||
| It's really baked into the software. | ||
| If you have an iPhone or an Android that isn't de-googled and encrypted, you need to use a Faraday bag. | ||
| Likely, your car has a connected key fob, so you... Key fob never stops communicating with your car if it's in proximity, and there's things called relay attacks. | ||
| You could, for $20 on that product, you could protect what is arguably your most valuable asset, being your car. | ||
| They're being stolen left and right. | ||
| I mean, there's video clips of Bentleys being stolen, and Range Rovers, and all these beautiful, luxury, European cars just getting jacked with simple equipment. | ||
| And then the last component on that little privacy kit... I was going to say, it's a privacy sticker, so you can cover your webcam. | ||
| Perfect. | ||
| SLNT.com. | ||
|
unidentified
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Go check it out today. | |
| You need to take care of your own skirt. | ||
| Bannon. | ||
| Promo code Bannon. | ||
| Charlie Kirk is next. |
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