Feb. 28, 2024 - Bannon's War Room
48:55
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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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've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room. Here's your host, Stephen K. Babb. | |
| Wednesday, February 28, Year of the Lord 2024. | ||
| Let's go back to the factory floor and the workers at my pillow, Mike Lindell. | ||
| Just tell the workers there that we've got their back. | ||
| We'll always have their back. | ||
| We love this. | ||
| We love the company. | ||
| Obviously, everybody loves you, but we particularly love the hard workers there that work nonstop to make these great products and make sure they get shipped out the door. | ||
| So we just want to say from the War Room Posse and from everybody associated with the War Room, we love you guys. | ||
| Well thanks, Dave. | ||
| And that's why we have all these great, great specials. | ||
| We're able to do that because we've been canceled everywhere. | ||
| And with the War Room Posse, you just go to that promo code. | ||
| Use promo code WARROOM. | ||
| Go to the website or call the number. | ||
| If you go to the Web site, the big special drop that these are exclusive war room policy specials, everybody. | ||
| There's the for Cal bedsheets. | ||
| You won't find it's the lowest price in history for these brand new sheets that came in. | ||
| These are dream sheets. | ||
| Lowest price ever. | ||
| Blankets. | ||
| You guys. | ||
| And the pillows. | ||
| They're the Giza elegance. | ||
| My pillow. | ||
| That's what they're making on the line right now. | ||
| They're making these keys to elegance. | ||
| King size. | ||
| Twenty nine. | ||
| Seventy seven. | ||
| These are exclusive to the warm policy. | ||
| The other thing goes to those beds are those towels, everybody. | ||
| The six pack out. | ||
| Twenty nine. | ||
| Ninety eight for the six pack of the best college you'll ever use. | ||
| And another thing, Steve, the my store, we're going to show that a little later in the in the outlet store. | ||
| My pillow does all the fulfillment for all those thousands of In our warehouse, and we're fulfilling for them and helping their families. | ||
| So we thank you all, and I know they have one more thing to say to the War Room Posse. | ||
|
unidentified
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Thank you, War Room Posse! | |
| They love the War Room here at Steve's. | ||
|
unidentified
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I'm telling you, they're so appreciative. | |
| They talk about you every day. | ||
| Well, we love you guys, Mike, and just tell them that. | ||
| Fantastic. | ||
| We'll see you at the outlet store later. | ||
| Thank you so much. | ||
| Yep. | ||
| All right. | ||
| Thanks, Steve. | ||
| Thanks, brother. | ||
| My grandmother, my dad's mother, I think at 12 or 13 years old, and when you talk about working the line, she supervised one of the lines down in North Carolina at one of the textile mills. | ||
| That's how it was in the old days. | ||
| Navar, I have you here for your financial acumen in your capital markets, but I really wanted this fight, a firefight right now in Capitol Hill. | ||
| They're not talking about shutting down the border now, that's kind of in the back because they want to jam all these bills through. | ||
| But we started off with a cold open this morning, talked about the spectacle of cruelty of Trump's administration, about demonizing the economic migrants that are coming up here. | ||
| You guys actually went the other way to make sure that there wasn't a spectacle of cruelty, correct? | ||
| The policies you put in there, Particularly Remain in Mexico, the First Nation policy. | ||
| You went back to our asylum laws and to the foundational elements of our asylum program that says, hey, if you're an economic migrant, you don't qualify. | ||
| And then you played hardball, because one of the excuses they're saying on Capitol Hill right now, that the reason that the perfect bill that they had the other day Didn't have Remain in Mexico in it. | ||
| Which even Lindsey Graham said it. | ||
| When that wasn't in the bill, he said, I'm out. | ||
| Yeah. | ||
| Biden's saying, well, we couldn't put that in there because the Mexicans won't agree. | ||
| They're just not going to agree to that, right? | ||
|
unidentified
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They weren't going to agree. | |
| Trump's speech at CPAC when he went through that whole thing about the negotiation. | ||
| They weren't ever going to agree when Trump did it, but we put on, threatened them with tariffs and they agreed in like two seconds. | ||
| Look, Steve, let's get real here. | ||
| There's nothing humane at all about Joe Biden's immigration policy. | ||
| It's not humane for the people of America. | ||
| It's not humane for the people who are being funneled up into this country to be sex trafficked, exploited in the workforce, to be raped along the way, to die possibly. | ||
| It's the most obscene kind of policy You could imagine for immigration. | ||
| Steve, if you think about the way it's supposed to be, a nation is supposed to have its borders. | ||
| That's what defines a nation. | ||
| If you didn't have nations, you wouldn't need borders, right? | ||
| We all be kind of one world. | ||
| Nation is supposed to have a set of borders. | ||
| It's allowing immigration in on that nation's terms. | ||
| Based on considerations of economics, politics, culture, safety, everything that comes into a reasonable immigration policy that you see other countries. | ||
| Other countries. | ||
| Western countries. | ||
| I'm not talking about Iran and China. | ||
| I'm talking about Australia or Canada or Switzerland or wherever. | ||
| What you do when you throw open the borders and you say, come on as quickly as you can, because we might not be here in a few years, you create chaos everywhere. | ||
| The upheaval in this country, with respect, To the crime, the drugs, it's just abominable what's happening to our communities right now. | ||
| It's incredibly, incredibly disruptive. | ||
| Taxpayers are footing the bill. | ||
| But on the other side, it's like you go down to a place like El Salvador or Guatemala, Or Honduras. | ||
| And the best and the brightest, the strongest, and when I say the brightest, they're bright people. | ||
| They sure the hell aren't educated. | ||
| They're hollowing out their villages, leaving women and children behind, grandfathers and grandmothers behind to fend for themselves. | ||
| Society's collapsing. | ||
| Come on, Steve. | ||
| And we're the ones who are inhumane? | ||
| You've got to be joking. | ||
| But hang on. | ||
| Don't lose the thread here. | ||
| This is part of a plan, and the Fed has talked about it. | ||
| The people getting crushed the most are minority working class in this country. | ||
| Let's be clear about that. | ||
| Their theory is, and he talked about it in 60 Minutes, that we are here, and you're the first guy to point it out a couple years ago, said, hey, what they're blaming is the low-skilled labor in this country for wage inflation, and what they're going to do is open the spigot to crush these people. | ||
| That is one of the biggest tragedies of all, because now you have American citizens, Let's emphasize that. | ||
| or grandparents have served in the military, helped build this country, and they're the ones that the most pressure's on with the crime in the Hispanic community coming in from south of the border and in central, in the big cities like New York and Chicago. | ||
| And on top of it, not only their education system is destroyed, whatever health care they get destroyed, but on top of it, their wages are suppressed by design. | ||
| This is the cruelty of it. | ||
| Let's emphasize that. | ||
| I can't figure out whether these people are really smart chess masters or really, really stupid. | ||
| Like, you take a guy like Jay Powell at the Federal Reserve. | ||
| Biden comes along and Powell wakes up three years later and says, wow, we're doing great in our fight against inflation because wages are coming down. | ||
| And wow, they're coming down because we had the foresight to throw open the border to all these uneducated folks who are just crushing I remember so vividly, being in the Oval Office, when that frigging idiot Gary Cohn of Goldman Sachs, right? | ||
| He's sitting there in front of Trump, arguing that things are good. | ||
| We want to keep the border order because it keeps wages down. | ||
| And Trump looks at him and goes, that's a good thing? | ||
| And Cohn says, of course it's a good thing, sir. | ||
| It's like, it's a mentality, Steve. | ||
| The people who control This country, with respect to our political system right now, our weaponized judicial system, our financial system, our legacy media, these people's vision is to import as much labor across the border as they can, and what they can't get, they ship factories over to China and elsewhere to leverage it there. | ||
| And they laugh all the way to the friggin' bank at our expense. | ||
| And the federal government is going to have these massive deficits to pay for the social, you know, the education and more social programs to gap the ability of people even to live. | ||
| I mean, let's face it. | ||
| You and I are not suffering like people in this country are suffering, right? | ||
| You have People in this country right now who literally can't afford to eat or pay their mortgage and have to choose between one or the other or rent. | ||
| Never mind the mortgage. | ||
| That's like the arugula for Obama. | ||
| Like, there ain't a lot of people paying mortgages these days. | ||
| They're renting at sky-high rates. | ||
| And this disconnect, Steve, between a soaring stock market and Biden thinking everything's great And the reality of the sentiment of the American people... | ||
| He doesn't get it, but we do. | ||
| This is the only place, really, I think, where there's genuine economic analysis for the people of this country. | ||
| Okay? | ||
| If you go to CNBC or Fox Business, all you want to do is figure out how to make your next buck based on the assumption that you got a million bucks in the bank that you got to deploy for your retirement. | ||
| Okay? | ||
| This is not that, Steve. | ||
| The people who listen and watch this show It's an existential struggle every step of the way. | ||
| And that's why they're mobilized. | ||
| That's why they're mad. | ||
| That's why Trump, that's why Donald John Trump is leading in the polls and kicking Biden's butt. | ||
| But I'll tell you this, nobody right now should think that it's going to be easy in any way for Trump. | ||
| This is going to be the ugliest, most vicious, most corrupt election we have ever seen. | ||
| And that's saying a lot because 2020 hit a new high. | ||
| So this is what it's about. | ||
| And look, the war room, the war room is at the epicenter of that. | ||
| This is the one place you can go every day. | ||
| In real time and figure not only what's going on, but what you can do about it. | ||
| God bless that, sir. | ||
| To Michigan, you talk about that people understand or begin to understand, truly understand the economic plan that led to such a great upsurge. | ||
| In the fall and Christmas of 2019 when blue-collar wages were up, all-time highs, non-college graduate wages, we had zero inflation, zero interest. | ||
| Is that why you're seeing the enthusiasm in places like Michigan? | ||
| Yesterday we had 40% more vote of Republicans coming out for Trump than you had for, than you had the Biden numbers were just absolutely atrocious. | ||
| Michigan is a microcosm of the assault that the Biden regime is now making on their manufacturing base. | ||
| It's like, you got the United Auto Workers strike this historic deal, they get a bunch of short-term wages, but the quid pro quo there was what, Steve? | ||
| It was for Sean Fain, the head of that union, to embrace this electric vehicle, massive government subsidy dream, which effectively, in real time and very quickly, ships Our auto industry off to communist China, where all the EV supply chains are. | ||
| You got to understand, Steve, that if you put an electric vehicle side by side with an internal combustion engine, OK, the big difference is all the parts in that internal combustion engine, right? | ||
| The engine, the drivetrain, all of that stuff is made in America or could be made in America. | ||
| Michigan understands that. | ||
| The guys who are working in the supply chains, making those parts, understand that. | ||
| They see the handwriting on the wall. | ||
| And you can bet your ass that the UAW workers are going to vote for Trump. | ||
| So you've got the internal combustion engine. | ||
| The EV is all made in China. | ||
| Look, they have cornered the market on lithium battery production, okay? | ||
| They've gone into South America, places like that, and just cornered the market on lithium itself, all the raw materials you need. | ||
| It's a dirty friggin' business, and they don't give a rat's ass about how they make them, so they got that cost advantage. | ||
| They heavily subsidize it, and the Chinese Communist Party, Steve, knows better than anybody that If they were able to seize that, that one piece, everything else comes. | ||
| It's when we started offshore and jobs there, everything else had to follow. | ||
| Hang on, you're going to stick with us for another segment. | ||
| Peter Navarro is in the house. | ||
| Dr. Peter Navarro. | ||
| Dr. Dave Bratts is going to join us here momentarily. | ||
| I want to make sure everybody goes to birchgold.com slash Bannon. | ||
| We've got the four free installments of the End of the Dollar Empire. | ||
| We're about to come out in about a week. | ||
| We missed our CPAC deadline, but that's okay. | ||
| Of the central bank digital currencies. | ||
| The Bricks are buying gold. | ||
| We're creating a central bank digital currency. | ||
| Find out why. | ||
| Birchgold.com slash BAM. | ||
|
unidentified
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Here's your host, Stephen K. BAM. | |
| Okay, now I'm totally corn-fused. | ||
| I'm totally corn-fused. | ||
| And I don't often get totally corn-fused. | ||
| As Grace Chung and Mo, because they work the whole system for me in the morning, they kind of organize the engine room to get stuff to us as it comes in. | ||
| Speaker Johnson has just tweeted out, and it's really kind of magnificent, it's like he's channeling his inner Trump. | ||
| He's got a big thing on President Trump's thing on migrant crime, on the crime world. | ||
| He's got, he's just tweeted out, it's got these horrible victims, these young girls and all these guys they let in here that are raping women and And raping women and killing people. | ||
| By the way, didn't Trump say when he came down the escalator, they're sending the rapists? | ||
| Hey, I'm just saying. | ||
| But I don't understand, Johnson, if this is what you're doing, then perfect. | ||
| Then maybe your staff watch the war room. | ||
| Just use that, what you got right there. | ||
| And Denver, if you can put it up, and I want to, Mo and Grace, make sure we get it out to the chat rooms. | ||
| And this is why you've got to get The online, you got to go to our newsletter. | ||
| If you're listening in podcast, if you're listening on radio, the charts and everything we put up, we got Brad up here in a second. | ||
| Just make the show even of deeper immersion to immerse yourself in information. | ||
| But here's a perfect example. | ||
| Johnson, this is the leverage point. | ||
| You force Biden. | ||
| The American people want that to stop. | ||
| They don't want those young girls raped. | ||
| They don't want those young girls murdered. | ||
| What they want is you, brother, to sit there and say, hey, until he shuts it down and does two or three executive actions, and here's what I can do. | ||
| I can put Peter Navar on his bike, because he rode over today, because he was a little, you tried to go Steve Bannon at CPAC, and I must say, your talk was great, but we didn't quite pull it off. | ||
| You know, you had the jacket on, but you were a little, you know, you were very thoughtful, like you're giving a lecture at Harvard. | ||
| It was brilliant. | ||
| I had my flight jacket on, Steve, and my pontoon plane on the Potomac for a quick getaway in case the crowd didn't like me. | ||
| I had to wear my flight jacket. | ||
| He comes in today totally ripped like he is. | ||
| He's 77 years old, 79 years old. | ||
| He's totally ripped. | ||
| Charles Atlas. | ||
|
unidentified
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He's lifting me up with one hand. | |
| But Johnson, if you need help, and the staff's watching because I think we blew you up so much. | ||
| He, Navarro will get on his bike, he'll ride 200 yards to the Capitol. | ||
| We can solve that today. | ||
| He can solve it, he'll give you the, he says, hey speaker, I'm gonna give you five things, you go to the White House, you sit in a room, you say, look, bro, these are the five, these are the five that you have executive power to do, do that. | ||
| Remain in Mexico. | ||
| Okay, remain in Mexico, okay. | ||
| I want to go to Brad, but you made a brilliant point that, and I sent you this article in the Associated Press, everything's lovely, the stock market is at an all-time high, technology, American technology is leading, you know, you've got this new, and it's the, I told people, once the capital markets find out about AI last year at Davos, it's going to be like the tulips, it's going to be the tulips in Holland back in the 17th century, right? | ||
| Because now it's all speculation, people are throwing, and everything's The difference is Tulip's never hurt anybody. | ||
|
unidentified
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So the S&P 500, that's the 500 largest corporations, breaches 5,000. | |
| Let me give you the 90 second problem here. | ||
| So the S&P 500, that's the 500 largest corporations, breaches 5,000, big deal. | ||
| It's a big deal. | ||
| But when you pierce the veil of that, it's a handful of companies, Nvidia, Facebook. | ||
| It's like you got Amazon. | ||
| It's like everybody who's focused on artificial intelligence. | ||
| Okay, we call that in economics a secular long-term trend. | ||
| Okay, that's pulling everybody up. | ||
| And if you look at it through the clear light of day, you'll see that all of this surge, the millions and millions and millions of cheap illegal immigrant labor that are coming into this country, they're going to be on the unemployment line along with everybody else. | ||
| In this country, when AI does its thing, the essence of artificial intelligence, Steve, from an economic point of view, is to improve productivity, total productivity, by getting rid of workers. | ||
| And enhancing the returns of capital. | ||
| Okay, let me say it again. | ||
| Say it again. | ||
| AI, artificial intelligence, the whole conceit of it, which is why Wall Street loves it, is that it eliminates workers, back offices, this, that, and the other. | ||
| It eliminates workers Which drive down the wages and puts workers on the unemployment line, and at the same time it drives up the return on capital. | ||
| Ergo, stock prices go up. | ||
| But what you get at the end of that, Steve, is the AI apocalypse. | ||
| This is a Potemkin market, Steve. | ||
| Behind that is chaos. | ||
| In front of it is this seeming prosperity. | ||
| Let me go to your point on People thought, and this is why, if you want your kid to have a good career and a good wage, everything like that, and they're interested in craft, like a plumber or a carpenter or something, using your hands and thinking things through, like my dad did when he was a foreman, thinking things through, working with your hands. | ||
| you'll be happy and have a career. | ||
| The first wave they're gonna go, and not just the administrative people in AI, the big thing that's gonna go is the coders. | ||
| That whole stem, learn to code. | ||
| The coders, I know people are very sophisticated in the coding business, and they say, hey, Ben, and right now 50% of my time is managing AI. | ||
| And they say, in five years, 90% is gonna be managing AI, and only a few superstars who are the geniuses are gonna be used that. | ||
| All the basic coding you have, which are millions of jobs right now, are all going to be gone. | ||
| It's going to be going to be redundant. | ||
| It's interesting. | ||
| The previous revolutions in tech, the automobile factories of Henry Ford, for example, right? | ||
| The whole textile mill revolution. | ||
| Like, it hit blue-collar, low-income, low-wage workers the hardest. | ||
| AI is going to hit them. | ||
| No question about it. | ||
| But it's going to hit the middle. | ||
| Harder, okay? | ||
| All these white-collar folks with their BAs from Haverford think that they're going to... No, no. | ||
| There's going to be nowhere to go, Steve. | ||
| That's what's frightening. | ||
| He talks about the apocalypse. | ||
| You take what Navarro's saying right now about the economics. | ||
| I'm getting a break here in a second. | ||
| You combine it with what Joe Allen's saying about it is taken away already. | ||
| The ability to actually think and manage information. | ||
| I can tell this with young people today, I can tell this particularly since the fact that, you know, we made your book a huge hit. | ||
| That books are, you know, and this is why the War on Posse is so well read and books are so important, reading a book Makes you hang with an argument. | ||
| There's a process in your brain and reading that makes you smarter. | ||
| Not just the information, but the very process of holding the argument in your brain as you read. | ||
| You're losing that. | ||
| This artificial intelligence. | ||
| Let me put it this way. | ||
| Well, all it does is these people get more and more dependent. | ||
| They say, tell me what to think. | ||
| Yes. | ||
| Tell me what to say. | ||
| Yes. | ||
| And that's how it works. | ||
| I mean, it can be a helpful productivity tool. | ||
| Like when I'm doing my writing, I can go, hey, check this stat or whatever. | ||
| OK, or give me the history of this. | ||
| But. | ||
| Mostly what our kids are doing. | ||
| You're using AI? | ||
|
unidentified
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Yeah. | |
| See, we absolutely refuse to go to the war room. | ||
| I'm a Luddite. | ||
| No, here's the thing. | ||
| We're the leaders of the Luddite movement. | ||
| If you're doing research and you're using the web now, if you're just using the web, that's AI. | ||
| That's the whole reason why Microsoft is kicking Google's ass. | ||
| I never thought that would be possible. | ||
| But the reason is, they've got a better search engine. | ||
| So when you're searching on the engine, it's AI behind it. | ||
| My point though, Steve, is that from a college kid's point of view, they don't go in there and use it. | ||
| Using their productivity skills like they've learned through hard work. | ||
| They just go in and ask him what the thing can do. | ||
| Brett, walk me through his theory of the case. | ||
| You've got some backup for it. | ||
| About on the surface it all looks fine, but it's a steroid economy with, you know, your innards are rotting, whereas maybe on the surface it looks okay. | ||
| You've got some backup to that, do you not, sir? | ||
| Yeah, no, that was the perfect setup. | ||
| Peter just nailed it all. | ||
| When I'm done, I want to hear his commentary on trade. | ||
| Trade's in the backstop of all the charts I'm going to pop up here. | ||
| So if Denver wants to put up the first one, distribution of household wealth, this is already the case, right? | ||
| This is without AI. | ||
| And what's coming at us, which is basically going to be the productivity revolution that has destroyed the middle class on steroids. | ||
| This is how bad it is already, right? | ||
| The blue up there at the top, which looks like it's about a third of wealth, is just the top 1% of Americans. | ||
| Then there's a teeny little line. | ||
| I'm not sure if folks can see it at home up there. | ||
| The top half of the blue thing is the 0.1%, the super wealth. | ||
| So, you know, they're thinking of the Magnificent Seven, and that's the sub-theme in this. | ||
| The yellow and the blue together are the top 10% of the wealth holders in the country, and the bottom is the rest of the country. | ||
| Now, what's going on right now, and we have a technological revolution going on right now, but as the productivity expert at Northwestern, Robert Gordon, he's the head of the field, he says, I see technology everywhere except in the data. | ||
| So if Houston will put up a figure one, this is the bomb. | ||
| This is the big chart, right? | ||
| Here we go, right? | ||
| So the blue line up there is the top 10% income share. | ||
| The rich are getting richer, richer, richer over time. | ||
| And since the 80s, productivity has been falling. | ||
| Productivity has been falling since the 50s and 60s, like I've shown on the show umpteen times, right? | ||
| GDP per capita is, roughly speaking, productivity growth. | ||
| They've both been going down from 4 or 5% to 1.5% now, right? | ||
| The stat at CBO is 1.5% productivity growth for the next 20% for the next 20 years. | ||
| Now, what's new here? | ||
| And I didn't know this. | ||
| I had to go do a little research on my own. | ||
| Brookings had a good paper, etc. | ||
| And the United States has been the global leader in this digital revolution. | ||
| Right, yet productivity growth has slowed as you just see out that chart right there. | ||
| And so keep the Magnificent Seven in mind right here. | ||
| Keep Joe Allen, artificial intelligence, in mind right now. | ||
| According to Brookings, even the economy at the digital frontier, the top firms, We may only be reaching about one-fifth of our digital potential, meaning the distribution of technology is not reaching down to even the Fortune 500 firms, much less the middle class and the average firm. | ||
| So the incentives we have, the way we structure technology offers huge incentives to have government monopolies. | ||
|
unidentified
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If you look at the Magnificent Seven, they're roughly all monopolies. | |
| Hang on a second. | ||
| I'm going to hold both of you guys through the next break. | ||
| More I want to get into. | ||
| Dr. Navarro is the one that brought up supply chains to us back in 2020. | ||
| Jace Medical has solved the problem of the Chinese Communist Party controlling 100% of API, active pharmaceutical ingredients. | ||
| Go to jacemedical.com. | ||
|
unidentified
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Here's your host, Stephen K. Bamm. | |
| Okay, I've asked, well I've got Brad in Navarro here for the audience, I've asked Frank Gaffney to join us. | ||
| Frank, last night, and of course the mainstream media does not want to talk about this, But the great work of Trevor Loudon and many of the people associated with the Committee on the Present Danger of China and your security policy group, all of it, have warned for years about this red-green alliance, and we saw it last night in Michigan. | ||
| I actually had some very prominent people call me this morning and say, oh, all we have to do is start doing more ads and pushing more ads, you know, to tell the world community that these radical Islamists And I said, no, you missed the point. | ||
| That is not going to work at all. | ||
| People have tried that and it's had no impact. | ||
| What is the Red-Green Alliance and why did we see it last night between Ann Arbor, Michigan, the great University of Michigan, and Dearborn, Michigan, sir? | ||
|
unidentified
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Steve, we had 13% of Democrats in that primary vote uncommitted, rather than vote for Biden. | |
| And that was a project, unmistakably, of the Muslim Brotherhood and other, well, I call them Sharia supremacists, as do you, on the one hand, if you will, and the other, and forces in what's an unlikely alliance. | ||
| Yeah, Frank, we're going to have to reboot you. | ||
| Let's get Frank rebooted because I want this to happen. | ||
| By the way, it was over 100,000 votes. | ||
| The Democrats understand something right now. | ||
| If they don't sort that problem out, it was also the drop of overall, they were 40% lower than the Republicans. | ||
| I understand a lot of folks in Michigan are gung-ho for President Trump, but this was lack of enthusiasm. | ||
| For Biden, a lot of that driven by this red-green, what we call the axis. | ||
| We'll get Gaffney up in a second. | ||
| Brat, I jumped in and finish your charts on the economic part of this also, because this centerpiece is up the upper Midwest. | ||
| And I will tell you, Navarro, we got another shot to pierce the blue wall in Wisconsin, in Michigan, in Pennsylvania, and maybe even Minnesota. | ||
| Dave Brat, what do you got? | ||
| Yeah, well, I'll just read from a New York Times piece. | ||
| Economists pin more blame on tech for rising inequality. | ||
| New York Times, right? | ||
| So tech, the benefits to the middle class and the poor have been hurtful. | ||
| This is from the top of the economics field, a guy named Darren Acey-Moglue. | ||
| Peter will know him and Paul Romer, Nobel in economic growth and productivity. | ||
| I've been following this stuff for 30 years. | ||
| They both say this is not an act of God or nature. | ||
| This is not just free market economics. | ||
| In fact, it's the opposite, right? | ||
| You don't have any firms on the supply curve. | ||
| There's a monopoly. | ||
| There is no market to be had with these magnificent seven. | ||
| But their policy responses are going to be more government education, training policies. | ||
| And I think Peter Navarro, I just teed up with trade policy. | ||
| But let me just go real quick. | ||
| Through the last three charts, if Denver wants to pull up chart two, this is more the same, showing when the distribution income started falling apart in this country. | ||
| Roughly in the 70s it started, the 80s and 90s, there's the beginning of tech. | ||
| Also interesting, you know, the Mike Ben's thesis on the Tucker interview and your interview. | ||
| This is back at the beginning of the technological revolution when the Department of Defense, etc., is giving grants and loans to Google, etc., and now they're all buddies together. | ||
| And so this 80s on in the tech revolution is very problematic. | ||
| The next chart is very interesting. | ||
| I didn't study my own chart enough. | ||
| I noticed There's the rich getting richer, but the yellow line, the bottom 20% incomes have gone up 85%. | ||
| What's interesting on this chart is the middle 60% is down at the bottom, that gray line. | ||
| So the poor, why have their incomes grown faster? | ||
| Because this includes transfers and taxes, transfer payments to the poor. | ||
| So our government is looking out for the poorest of the poor, the richest of the rich, but the middle class is taking the brunt, the bottom line. | ||
| Buying votes. | ||
| Yeah, exactly. | ||
| And then the last chart, this just puts it into long-run context and could be signaling prophetically, like your show does, what's coming next. | ||
| 1929 on the far left, huge income concentration. | ||
| It looks like the American people got ticked off for a few decades. | ||
|
unidentified
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Right. | |
| So our betters, the globalists, said, OK, we better not do that again for a while. | ||
| But then, you know, in the 70s, there we go again. | ||
| And here comes the income concentration growing, growing, growing. | ||
| So bottom line here is this magnificent seven, this tremendous accumulation of economic power, business power, wealth, and control over our elections and censoring people has gone out of control, grown out of control. | ||
| It's a war of good versus evil. | ||
| People are getting on your case. | ||
| I don't think so. | ||
| All the great films, the Harry Potters, the Star Wars, the Lord of the Rings, Batman. | ||
| It's all a bunch of guys in black outfits. | ||
| And it's good versus evil. | ||
| It's a fight against the Empire. | ||
| And so I suggest you and Navarro keep fighting the Empire and take them down. | ||
| Hang on a second. | ||
| I want to conclude by taking it back to the Imperial Capitol and the work before this audience. | ||
| And this audience is both feared and respected in this city right now because of the punch that you can deliver. | ||
| 202-225-3121. | ||
| In all the discussion they have, Jake Sherman, a punch bowl, the chat program over at Fox, they've got a thousand things happening on Twitter today. | ||
| They said, hey, you're not going to get any budget cuts. | ||
| You're not going to get any meaningful cuts in the $2 trillion deficit, which we're here now. | ||
| It's another one we've got to get to right away. | ||
| Rick, I'm shocked. | ||
| But they said you're going to get policy wins. | ||
| We now know that's coming out from the meetings that Johnson has no policy wins. | ||
| So right now they're in a situation. | ||
| No force them to the table to shut down the border. | ||
| Try to get all these single purpose spending bills appropriately jammed through in the next 72 hours so they don't trigger it on Monday, on Friday. | ||
| And nobody here is having a national discussion. | ||
| About the republic ending debt we have and the deficits, the structural deficits. | ||
| How can that possibly be? | ||
| That is criminal to the American people. | ||
| Because this should be the time that we should force the conversation so that people understand, you can't do this in perpetuity. | ||
| In fact, you can't do it for another three or four years. | ||
| You add another six to eight trillion dollars onto this mess we have today, as you have to refinance a third of it, you permanently lock in the inflation. | ||
| Dr. Peter Navarro. | ||
| Steve, there's only two Explanations. | ||
| One, they're either economically illiterate or they are part and parcel of the interests that further the corporate elite's agenda. | ||
| Those are the only two possible answers. | ||
| I think it's a combination of both. | ||
| I watched Johnson. | ||
| Look, Mike Johnson. | ||
| I've seen this movie before. | ||
| Kevin McCartney. | ||
| They walk into the Oval kind of as a junior partner, acting like a 16-year-old in awe of everything, and they cave faster than a cheap tent. | ||
| It happens every, every single time. | ||
| And so Johnson, of course, is trying to have it both ways. | ||
| He goes out and does the rhetoric thing to kind of like... | ||
| Reinforces whatever street credit comes first. | ||
| The American safety comes first. | ||
| But at the end of the day, it's like, what does Bannon say? | ||
| Show me the receipts. | ||
| He ain't got no receipts. | ||
|
unidentified
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The only thing we got is debt. | |
| We got IOUs coming out our ears. | ||
| Trump knows this. | ||
| Use your leverage. | ||
| Brett, is Navarro right? | ||
| Is it because they're economically illiterate? | ||
| Or they're in on the scam, sir? | ||
| No, I think it's both. | ||
| I think it's Morse and on the scam. | ||
| When you when you see that immigration bill coming out of the Senate, that that was a punch to the face to the American people. | ||
| That thing was so off base that that's ownership. | ||
| Right. | ||
| The Chamber of Commerce was in favor of that. | ||
| That's all you need to know, right? | ||
| These CEO guys are plenty smart. | ||
| They've been bought. | ||
| The Magnificent Seven, by the way, you know, Google their CEOs. | ||
| When you go Google, there's no papers about the Magnificent Seven CEOs and the accumulation of wealth and power. | ||
| That's a little shocking in and of itself. | ||
| Google. | ||
| Go out and hit Google. | ||
| which is one of the Magnificent Seven, and Google, the politics, the leftist bent, any of those words, the progressive ideology of all of them, right? | ||
| That Elon Musk is the only one who's given to the Republican Party in any way, shape, or form, but all the rest are clearly way over on the left. | ||
| They come from normal tech backgrounds, so that's the good news, but as they're bought off by the globalists, they become bad. | ||
| Yeah. | ||
| Dave, this is why it all gets back to Donald Trump. | ||
| This is why. | ||
| He's the unicorn, he's the black swan event, he's the billionaire who didn't need any of their money, who also had a very clear chessboard vision of what was going on, dating back to being on Oprah talking about how the Japanese were cleaning our clock, okay? | ||
| And there's a wonderful freedom In being a billionaire not needing the special interest money and also at this point in time having built an incredible small donor base. | ||
| He will do what he believes is best for the American people. | ||
| Donald Trump will do what he believes is best for the American people full stop. | ||
| I cannot say that about anybody who's about 500 yards away in Capitol Hill. | ||
| And anybody who's now in the White House. | ||
| All of these people have dual allegiances to the money, That propels them to their pinnacles of power versus their promises to the American people. | ||
| And we in deplorable land here, we in MAGA America are friggin sick of it because it's an existential threat, Steve. | ||
| Before it was just burglary. | ||
| Now it's bordering on homicide. | ||
| A topic for a different day. | ||
| But we'll come back because now the clouds, the storm clouds are coming around President Trump as far as the money. | ||
| Power attracts the money. | ||
| You're starting to see it coming around. | ||
| Sorry, we didn't mean to support Haley and DeSantis. | ||
| Take our money. | ||
| Steve Schwarzman wants to have his back channel again. | ||
| You're seeing this with Larry Fink. | ||
| You're seeing this with Ray Dalio. | ||
| McConnell endorsement. | ||
| Why does the boss even want Mitch McConnell's endorsement? | ||
| Because you're telling him the money comes with it. | ||
| It gives him a safe passage. | ||
| Yeah, but look, you know, I get it, but McConnell needs to go, okay? | ||
| McConnell cannot be the next majority leader. | ||
| Don't take his endorsement. | ||
| He can't. | ||
| Dave Brat, where do people get all your charts? | ||
| Where do they find out more about you? | ||
| How can they follow you, sir? | ||
| Yep. | ||
| Brad Economics on Getter. | ||
| There's an email link. | ||
| I'm going around the country giving talks. | ||
| And Navarro, keep hitting the trade piece. | ||
| Because without that, you're the expert there. | ||
| I can't lift a finger to you on that. | ||
| And I think that is causal. | ||
| Hugely causal. | ||
| And the American people need to understand that. | ||
| And it's not just China, okay? | ||
| It's not just communist China. | ||
| We get our clocks cleaned by everybody. | ||
| We have the lowest tariffs in the world. | ||
| Everybody else takes advantage of us. | ||
| But, but, McConnell, let's be clear about it. | ||
| Are you and I, Steve, the only two people In this country, who were there in the White House when McConnell was blocking every damn thing we were trying to do and only giving us judges. | ||
| Everything! | ||
| That son of a bitch was in the way. | ||
| There's all sorts of people who never made it into our administration who could have done great work because of Mitch friggin McConnell. | ||
| That guy It's dangerous. | ||
| He needs to go. | ||
| We don't need his money. | ||
| We don't need his endorsement. | ||
| Social media, where do people go? | ||
| You've got a big announcement we haven't made yet. | ||
| A big announcement in a week or two with Dr. Navarro. | ||
| Where do people go to get all your information? | ||
| It's all about the substacks. | ||
| PeterNavarro.substack.com. | ||
| PeterNavarro.substack.com. | ||
| All things Trump 2024. | ||
| All things Communist China. | ||
| Fridays we do the market update to see who's doing what. | ||
| And we get the Washington Times pieces. | ||
| Oh, I love the Washington Times. | ||
| Kelly Sadler, the old White House hand there, has done a marvelous job there. | ||
| Tuesdays, that rolls. | ||
| Great piece came out yesterday, brother. | ||
| Dr. Bratt and Dr. Navarro, thank you very much for joining us. | ||
| People love it. | ||
| The Capital Markets Economics Macro Update. | ||
| Short commercial break. | ||
| Back in a moment. | ||
|
unidentified
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Here's your host, Stephen K. Bamm. | |
| Okay, be nice if I had that mic there. | ||
| Thank you very much. | ||
| Frank Gaffney, we're gonna get Frank on today at 5. | ||
| I gotta walk you through this red-green axis because what happened in Michigan last night is very important. | ||
| Very important you understand this, exactly what's going on. | ||
| It's important because if they deny the presidency, and right now they have the power to do that, they have the power to deny Biden a win in Michigan. | ||
| If Biden does not win in Michigan, he cannot win the White House. | ||
| They understand that. | ||
| If you look at the numbers, and Jason Mills has done such a great job of giving us information, if you look at the real clear politics, Where they aggregate up all the polls. | ||
| They don't take any one poll, they aggregate them all up. | ||
| Trump up in Arizona, Trump up in Georgia, Trump up in Wisconsin. | ||
| Trump also, I think, up in Michigan, or it's very, very close, but it doesn't matter. | ||
| If they deny, if the red-green axis denies Biden that vote in Michigan, he loses Michigan, there's no chance. | ||
| It's mathematically impossible to win the White House. | ||
| That's going to come at a price. | ||
| This is why I'm warning the American Jewish community and the people, the evangelical Christians, and of course the traditional Catholics about this issue about the Holy Land. | ||
| This is going to get to be big. | ||
| And you're going to see dramatic changes Foisted upon the Israelis, I think, in the war against the Muslim Brotherhood, Hamas. | ||
| So Frank Gaffney will be there to help us sort it out today. | ||
| Trevor Loud and Frank. | ||
| Others have been mocked and ridiculed but have warned about this for years. | ||
| Now it's coming to fruition. | ||
| So it's a lot going on. | ||
| Make sure, also, it's turbulence, turbulence, turbulence. | ||
| Make sure you go to birchgold.com. | ||
| We're coming out with slash Bannon. | ||
| End of the dollar empire, particularly we're going to come up with a fifth free installment about the central bank digital currency with the rest of the bricks buying gold at record rates. | ||
| They're central banks buying gold. | ||
| Why are we spending all our time on a central bank digital currency? | ||
| I mean, besides printing money or monetizing the debt, this is all the Fed does. | ||
| And it's leading us, it's going to lead us to an economic catastrophe, an absolute economic catastrophe. | ||
| Want to go to Mike Lindell. | ||
| Mike Lindell, the factory floor and the whole worm posse. | ||
| People are so pumped up to have your workers. | ||
| Give them a shout out. | ||
| It really touched people's hearts. | ||
| So thank you so much. | ||
| Where are you now? | ||
| Now I'm in our outlet store, Steve, and we've got, this is the my store section here, where we have all the entrepreneurs, all their products. | ||
| So this outlet store, if you can see behind me, it goes back hundreds or thousands of feet. | ||
| And we have, this is the only out store we have in the country, but we're shipping all these products for all the great entrepreneurs. | ||
| And then all the MyPillow products that are here, These are all prices that have been marked down for the outlet store, but the War Room Posse gets them even cheaper, even at a lower price. | ||
| I have all the outlet employees here and they want to say something themselves to the War Room Posse. | ||
|
unidentified
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Thank you, War Room Posse! | |
| Steve, all the employees here, we have just a little over 1,000 in this whole million-square-foot building. | ||
| And from our outlet store all the way through the factory floor, they know that the War Room has had our back as we've been canceled and shut down, debanked, you name it. | ||
| They've been attacked. | ||
| These employees have been attacked. | ||
| And if I could, I would like to do a shout out to all our home reps, all the moms and dads working from home across the country. | ||
| Those are the ones you're taking your calls, everybody, at the War Room Posse. | ||
| And we've got those specials you can get at the mypillow.com website. | ||
| Go down until you see Steve Space there and if you're at the War Room. | ||
| These are exclusive specials to the War Room Posse. | ||
| We're running like the percale sheets. | ||
| Thirty four ninety eight for queen size. | ||
| King size. | ||
| Thirty nine ninety eight. | ||
| And there you go. | ||
| These specials everybody. | ||
| This is what I'm seeing here. | ||
| Oh look, they just added the bobblehead I guess today. | ||
| You can get the autographed bobblehead. | ||
| I know they have me down here signing bobbleheads and books and everything. | ||
| And we thank you all for that support. | ||
| Those are proceeds from them go to a lot of different causes, by the way, and they are there. | ||
| You can go to the my store right there. | ||
| All the products you've seen behind me. | ||
| There's over a thousand entrepreneurs and thousands of products on there. | ||
| USA made products made in the USA. | ||
| You're not just supporting my pill. | ||
| You're supporting businesses across this country. | ||
| And Steve, you and the War Room Policy are doing so much to help save our country, not just getting the word out for things with our election platforms, but to help out companies like MyPillow that are employee-owned and entrepreneurs across our country. | ||
| By the way, just real quickly, Mike, the home reps, the IRS came after them hard. | ||
| What is, and I know our audience, 800-873-1062 has their back. | ||
| Has that been rectified yet? | ||
| Or is the IRS still after the home reps? | ||
| Yeah, they're still after them. | ||
| Two of the states actually, we won that. | ||
| We won that. | ||
| They tried to come after these home reps saying they couldn't work from home. | ||
| I mean, everybody was working from home during the China virus. | ||
| All of a sudden, they're telling my employees they can't work from home. | ||
| You think that's targeted? | ||
| Horrible. | ||
| Well, two of the states, there was five states that came after them, IRS, and said, you know, you can't work from home. | ||
| You've got to, you know, all these different things. | ||
| And so we've one and two, and the other ones are still pinning. | ||
| I'm fighting for my employees. | ||
| Now they're mothers and fathers that work from home across the country. | ||
| And, uh, that number is 1-800-673-1062, I believe. | ||
|
unidentified
|
If you guys want to order from them, they give... No, no, no, no, no, no, no. | |
| Ho, ho, ho, ho, ho. | ||
|
unidentified
|
800-873-1062. | |
| Don't give me my wrong number here. | ||
| 873, wow. | ||
| Promocode War Room, wow. | ||
| Mike Lindell just got the hook on the commercials, right? | ||
| Mike, we gotta bounce. | ||
| We gotta bounce, brother. | ||
| If people want to come to the outlet store, where is it? | ||
| It's in Shakopee, Minnesota. | ||
| And you guys, this is a sight to see. | ||
| You can also get a factory tour while you're here. | ||
| You can sign up for a factory tour and you'll never see nothing like my factory. | ||
| What started out as just a small machine back in the day working out of a garage in Carver, Minnesota. | ||
| Now here we have this Huge. | ||
| We're right next to Amazon, a building they have, and we're a mini Amazon over here at my store, but they, with my pillow, come here, visit us, Shakopee, Minnesota, everybody, and you'll have the time of your life. | ||
| It's worth the cut. | ||
| It's worth the fly-in. | ||
| Fly-in. | ||
| Fly-in, drive-in, come from everywhere. | ||
| Tell the folks there we love them. | ||
| Tell them at the outlet store, the worms got their back. | ||
| Always love these guys. | ||
| Thank you so much for coming on. | ||
| Thank you! | ||
| Thank you! | ||
| Thank you, guys. | ||
| Fantastic. | ||
| It's great. | ||
| Energy and the spirit there is unbelievable. | ||
| Charlie Kirk, up for two hours on Populous National and D. Jack Posovic. | ||
| Then Tara and Miranda Khan right before our show at 4 o'clock. | ||
| We're back at 5, 5 to 7. | ||
|
unidentified
|
You'll be back in the War Room a lot, lot, lot to go through. | |
| I think Laura Loomer is going to join us for an amazing trip to Mexico. | ||
| Make sure, excuse me, Panama and Central America, warpath.coffee slash war room. | ||
| Get jacked up like the war room gets jacked up. |
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