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March 14, 2024 - Bannon's War Room

48:50

Episode 3461: Prices Continue To Rise While The Regime Lies

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Main voices

ej antoni

05:58

steve bannon

23:22

Appearances

john solomon

04:50

rick santelli

04:06

Clips

jake tapper

00:08

joy reid

00:38

sam faddis

00:27

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Speaker	Time	Text
rick santelli ▲ ● ▼		Let's start out with PPI, then we'll go to retail sales.
		February PPI headline number expected to be up three-tenths of a percent.
		Zoom, zoom, zoom.
		Up double.
		Up six-tenths of a percent.
		That would be the hottest going back to, well, equals July of last year to find a higher number.
		You're going back to June of 22 when it was up nine-tenths of a percent.
		You strip out Food and energy, it's up three-tenths, one-tenth hotter.
		But, in the rearview mirror, we had up half of one percent.
		You strip out food, energy, and trade, it's up four-tenths, it's up four-tenths.
		That would be the hottest, obviously, since it was up six-tenths last month.
		Year over year now, okay?
		These are final demand headline numbers.
		Expected to be up 1.2, up 1.6.
		1.6 on year over year and that is wow.
		We're gonna have to go back a ways.
		1.6 would be the highest level going back to September of last year when it was 1.8.
		Now the year over year, that's food and energy up 2%.
		Equaling the rear view mirror, but definitely a bit hotter than we were expecting.
		So, ex-food energy and trade year-over-year up 2.8.
		That follows up 2.6 to find a higher number than 2.8.
		You're gonna have to go back to September of last year when it was 2.9.
		All these are warmer.
		Yields are going up.
		Now, let's switch gears, shall we?
		Let's go to retail sales.
		And remember, every one of these metrics was the weakest since March of 23 in terms of month-over-month change.
		So, Now, are we going to reverse it? We certainly did.
		Up six-tenths, however, that's still less than we were looking for.
		And that eight-tenths, that was the worst since March of last year, now becomes minus 1.1.
		And, if you strip out autos, it improves.
		Uh, excuse me, it does not improve.
		And this really is interesting, because when you strip out autos and it doesn't improve, that really gives us some sense of what's going on in many of the other industries.
		It's up three-tenths, two-tenths shy of expectations, and last month's worse since March of 23 becomes Worse, again, from minus six-tenths to minus eight-tenths.
		Strip out autos and gas up three-tenths.
		Finally, this is our first number that equals expectations.
		Following down five-tenths, half of one percent, it now becomes down eight-tenths.
		And finally, if we look at the control group, it's unchanged.
		We were expecting up four-tenths last month.
		Minus four-tenths becomes minus three-tenths.
		The only thing we have left is initial and continuing claims.
		And I just dropped the papers.
		Hold on.
		Let's bend down.
		Let's grab them.
		Here we are.
		We're back in frame.
		Initial claims, 209,000.
		209,000 would be the smallest since Feb of 24, which of course is this year.
		Not that long ago.
		And if we look at continuing claims, this is a biggie.
		811,000. We really need to pay attention to this number.
		That's really an outlier, especially considering we're looking for our second number in a row to be up over 1.9 million as it was last week, and that was the highest since the third week of 23 in November.
		Now here's what's fascinating.
		Not only is this significantly lower, there's a revision last month that's unbelievably large.
unidentified		From 1,906,000 to 1,794,000.
rick santelli ▲ ● ▼		From 1,906,000 to 1,794,000.
		Huge revision.
		How far back do we have to go to see 1,794,000?
		That's going back to October of last year.
		So these numbers are really a bit odd.
		On the claims side, that's showing a labor market that's super tight, but I question continuing claims accuracy.
		On retail sales, well, a bit of a disappointment on many levels, especially on the revisions.
		And on PPI?
		You know, I want the experts to weigh in, and I hope they're not going to sound like CPI, where they're just going to push this back a bit.
		Hotter than expected, no matter how you slice it.
		We're now up to 421.5, 422, and tens.
		Tens prior to the number.
steve bannon ▲ ● ▼		This is the primal scream of a dying regime.
steve bannon ▲ ● ▼		Pray for our enemies.
unidentified		Because we're going medieval on these people.
steve bannon ▲ ● ▼		President Trump got a free shot at all these networks lying about the people.
		The people have had a belly full of it.
		I know you don't like hearing that.
		I know you've tried to do everything in the world to stop that, but you're not going to stop it.
		It's going to happen.
jake tapper ▲ ● ▼		And where do people like that go to share the big lie?
unidentified		MAGA Media.
jake tapper ▲ ● ▼		I wish in my soul, I wish that any of these people had a conscience.
unidentified		Ask yourself, what is my task and what is my purpose?
steve bannon ▲ ● ▼		If that answer is to save my country, this country will be saved.
unidentified		War Room. Here's your host, Stephen K. Bamm.
steve bannon ▲ ● ▼		Thursday, 14 March, Year of Our Lord 2020.
		We're not here to say we were right in the spike to football, but we were right and we're not going to spike the football.
		But look at the devastation.
		So, you know, Biden at the State of the Union, you know, all they do is brag about the economy.
		It's so great.
		And you just have the Stephanie rules the world mindlessly repeat their redonkulous talking points.
		It's all a sham, it's all a fraud.
		You see right there, half of what Santelli's talking about is restatements on numbers they lied about before.
		I want to bring in E.J.
		Antoni.
		E.J., I hate to say that you were correct on all of this, but you were correct on all of this.
		I think what's so upsetting about this, It's so obvious what's going on.
		It's so blatant how they're gun decking the numbers themselves.
		And that's why the lived experience, this is why they're losing the African-American vote.
		This is why they're losing the Hispanic vote, the working class vote.
		The lived experience of the American people suck.
		Okay, it sucks.
		But they continue to sit there and mindlessly say it's the greatest economy ever, this, ba-bang, ba-bang.
		And all the numbers they originally put out have to be restated or recalibrated later.
		E.J.
		and Tony, take your time, walk us through.
		You were 100% correct on this.
		And of course, you were also correct on what's causing it.
		It's the refinancing.
		This is where everybody says, well, debt doesn't matter, deficit doesn't matter, nobody cares about it.
		Hey, they're caring about it now.
		This is rolling through to your auto loan, your car loan, your rent, your credit card that you can't pay off, all of it.
		EJ and Tony, the floor is yours, sir.
ej antoni ▲ ● ▼		Steve, you're absolutely right.
		People are genuinely struggling.
		We're already seeing defaults on things like credit cards and auto loans go up.
		We're seeing an uptick in the rates at which those cars are being repossessed.
		We're even seeing an uptick in the number of people who are falling behind on their mortgages.
		In fact, it was only a few days ago the Biden administration decided to extend yet again a COVID measure relating to FHA loans, which basically allows people to only pay three quarters of their monthly mortgage.
		payment, but they're just kicking the can down the road until the end of April next year at which point all these people are going to be in the exact same position.
		In fact, it'll be even worse because families are continuing to go further into debt.
		Now, why is everyone going into so much debt?
		Because prices are rising faster than incomes.
		What is causing that?
		The fact that the government continues to spend and borrow and print trillions upon trillions of dollars that it does not have.
		And the Federal Reserve creating that money for Congress to spend and for the Treasury to borrow is what's causing the dollar to lose value.
		And this whole Biden administration line about how greedy businesses are causing inflation and they're gouging consumers, today's data shows yet again, prices for businesses continue rising and they continue rising very fast.
		And all those businesses are doing is staying in business, meaning they are passing cost increases on to consumers.
		If you look at prices paid by businesses and prices paid by consumers.
		consumers, that's you, I, all of your viewers and listeners, they are both up 19% since Biden took office.
		In other words, all of the higher prices for things like eggs, bread, milk, all of those consumer staples are simply just being passed directly on to consumers.
		So if you're wondering why is the grocery store charging me so much more?
		It's because they're paying so much more.
		The exact same story is true at the pump, for example, and everywhere else.
		I don't care if it's the grocery store or the hardware store.
		Everything you're buying is getting more expensive because your dollar is losing value.
		And despite the fact that we keep hearing from the Federal Reserve that they are tightening, right?
		We hear this phrase, quantitative tightening.
		Which means that they're selling off securities to shrink the money supply.
		What's really happening is that money that was previously quarantined in a facility known as reverse repurchase agreements, that is slowly trickling out into the economy, into the Treasury, so that they can borrow that money.
		What that's doing is it's allowing money that previously was essentially sitting on the sidelines to now go into the economy and into the banking system where it multiplies.
		I think Denver is a chart that shows banking reserves, and you can see over the last year, they have clearly trended upwards.
		In fact, they are now at a point where they are higher today than when the Fed began its so-called quantitative tightening.
		So this represents an increase in the amount of money that is actually available for use in the economy, not a decrease.
		So far from What we're being told that the Fed is somehow restricting the money supply, they are creating inflationary pressure.
		At the same time, you know, that's the monetary side, but now on the fiscal side, we have the exact same situation where all of that spending and borrowing is also creating inflationary pressure.
		So that brings us to another chart that Denver has that shows six different measures of inflation.
steve bannon ▲ ● ▼		Hang on, hang on, hang on, hang on before I get to that.
		This is too good.
		Because you're giving folks inside baseball on the way it works.
		I want to state in the golden age of Trump before the Chinese hit us with a bioweapon in June of excuse me in January 2020 that fall and Christmas season of 19 when we culminated 2019 which is the I think the best year that the American economy's had in living memory.
		People forget what Trump had I think three and a half percent growth, inflation virtually zero, interest rates close to zero, you got you know blue-collar workers making more than white-collar workers, non-college graduates making more, pay increases of 10 or 11 percent, real increases because you didn't have the inflation.
		People, he never gets credit and they, quite frankly, they don't push it.
		I don't know why.
		Janet Yellen was his head of the Federal Reserve.
		She took almost a trillion dollars off the balance sheet of the Fed.
		They had real quantitative tightening.
		My point is Trump was doing that into kind of a headwind.
		As he shrunk, they wanted to make sure there wasn't an asset bubble.
		They actually shrunk the balance sheet of the Federal Reserve.
		That's how good his economy was.
		That's how good these interlocking policies that we talked last night about with Peter Navarro.
		Here, I want to go back to the repo because they're playing games.
		They're saying on one hand, oh yeah, we're not going to have an asset bubble, we're actually going to tighten, we're doing a quantitative tightening, but they're lying.
		They're actually putting more liquidity and more cash out there to prop this carcass up past November 5th.
		So walk back, just give me the highlight reel, the cheat sheet on the reverse repos or the repos.
		Walk me through that in this audience.
		I want to make sure people understand the games are being played here.
ej antoni ▲ ● ▼		Certainly, Steve.
		Essentially, the way these reverse repos work is they allow the Fed to take money out of the banking system and to temporarily sideline it.
		And they do that by paying banks and other financial institutions' interest on that money.
		In other words, they say to the banks, don't lend this money out to the public, lend it to us, and that way the money can actually get out into the economy.
		And they did this for over two well over two and a half trillion dollars worth of liquidity.
		But now that is slowly being let back into the system in order to accommodate the just massive unprecedented amount of borrowing by the Treasury currently running at an annualized three trillion dollars.
		And so what's essentially happening is as that money gets into the economy and gets into the banking system, it's multiplying through the banking system.
		In other words, it's creating even more money, and that's helping to keep inflation going right now.
		Now, to your point on how much the Fed was tightening under Trump, you're absolutely right.
		Yellen was tightening for the first couple of years of the Trump presidency, and then Powell comes in.
		He continues that plan.
		In fact, the Fed over-tightened so much under Trump.
		Exactly.
		And we still have robust economic growth despite that.
		But the Fed over-tightened so much that in September of 2019, the Fed actually briefly lost control of interest rates.
		They were unable to prevent rates from rising because they had sucked so much liquidity out of the system.
		Today, they're doing exactly the opposite.
steve bannon ▲ ● ▼		Yeah.
		Yeah, yeah.
		Think about that.
		That's why I say this is Treasury and the Fed working together to prop up this illegitimate regime, okay?
		I don't care if people say, oh, there's another conspiracy there, but no, look at the math right here.
		Absolutely, this is the Fed.
		This is why he came out in December.
		Right, all of a sudden, oh well, you know, may have to have some easing of the rates.
		This is the financial-industrial complex, just like the military-industrial complex, and the biopharmaceutical complex, and the tech complex, all pulling for the administrative state, for the illegitimate Biden regime. 100%.
		The financing of the $35 trillion of debt, the refinancing of a third of that, that's what's crushing people.
		That's not going to go away.
		This inflation, there's no magic wand.
		They wanted to kind of cover it up, because every number they put out originally has to be recalibrated later.
		You don't need recalibration.
		You know it every time you go to the store.
		Okay, EJ, just hang on for a second.
		I also want to talk about the budget he just put out that adds $16 trillion.
		And they're saying, oh, we're taking three trade-offs.
		It's all a lie.
		It's all BS.
		We're going to get into this.
		Short commercial break.
		Make sure you go to birchgold.com slash Bannon.
		The end of the dollar empire.
		We're right there in the opening segment.
		You see how it's happening.
		You think the rest of the nation, the BRICS nations, are going to sit there and suck on that with the resources they have?
		That's why they're buying gold at record rates.
		Go to birchgold.com slash Bannon.
		Talk to Phillip Patrick and the team.
unidentified		Here's your host, Stephen K. Bamm.
steve bannon ▲ ● ▼		We'll push out that Santelli rant.
		And you know, they had a lot of long faces over at CNBC this morning because they're totally in for the Biden regime also.
		This is why, you know, they ask Trump all these trick questions, kind of, you know, try to trick, you know, try to ask these trick questions.
		And any Biden official comes up there, it's just lollipops and softballs.
		It's a joke.
		Math doesn't lie.
		Real math.
		Of course, everything they put out is a lie.
		Because then they've got to restate it later.
		Oh, you know, upon further review.
		You notice when they do the reviews, EJ, the numbers only get worse.
		You notice that, you know, this is not one time over the last couple years they've ever done an adjustment, the numbers get better.
		It's always worse.
		That's because they're lying to you.
		And Wall Street kind of wants the lie to happen.
		So then they can then they can trade the stocks and jack up, you know, get a lot of trades in and not have to face reality.
		I want to if Denver's got it the they put there's an article the other day because Biden says he puts his budget out.
		His big thing is work and he says the State of the Union.
		We're cutting three trillion dollars off the deficit.
		How dumb does he think people are that's in this imaginary 10-year budget.
		And when you give a 10-year budget, hey, yo, just let's focus on year one.
		Let's focus on period zero.
		Okay?
		Come and have investment banking.
		You guys know this.
		Everybody in the audience knows this.
		You ever look at a projection or somebody's telling you about a business or invest in?
		The third year is nirvana.
		Everybody wants to live in the third year, right?
		Because third year is when it really boom.
		That's when you really get up the learning curve.
		Everything explodes.
		It's all rosy.
		Unfortunately, you've got to go through period zero, the time you're in.
		And this is another two and a half trillion dollars.
		You've got Johnson up there at this conference mumbling, the Hill newspaper says he's going to come forward now, he's promising the Senate he's going to come forward with some more Ukraine money.
		Off balance sheet, a supplemental, more Ukraine money.
		The thing they're dealing on, and so they gave this budget, E.J., which you've warned us about, Their best case, the best case they've got, is $16 trillion added to the national debt over 10 years.
		It is a republic-ending plan.
		And of course, nobody talks about it.
		If you do this, the country's finished, right?
		It won't be the country, it'll still be here, it'll just be something radically different.
		That's their best case.
		As you know, the spending never backs off.
		It's a $7.3 trillion budget.
		If we were to pass that budget with that deficit, right, and have to refinance a third of that, which is going to get to $40 trillion pretty quickly, tell us how bad inflation is going to get, sir.
ej antoni ▲ ● ▼		Steve, we have to go back to June of 2022 and realize that that is what would happen all of the time.
		In that month, prices rose over 1% just for the month.
		I'm not talking for the year, just for the month.
		And you would see that month after month ad infinitum.
steve bannon ▲ ● ▼		This is what you got the Weimar Republic.
		This is what you're going to the societal collapse, right?
		The cultural collapse that's underpinned by the by the inflation and demise of your currency because once your currency goes People say, well, what can I believe in?
		You're supposed to have a stable currency.
		If that's just going to be money that I can burn, or I've got to take in a wheelbarrow to go buy a loaf of bread, then what else?
		And this is where we're heading.
		And this is by design.
		They put these plans out.
		Right?
		They put these plans out.
		Everybody can see them.
		So they're not trying to hide the football.
		They're talking in mumbo-jumbo, but you can pierce that pretty quickly.
		Yet Wall Street and the easy money overlords that run Wall Street, they're going to continue to go.
		The punchbowl is not going to be taken away.
		They just see right now, and you just nailed it on the repose and the reverse repose.
		They're going to play every game of the book.
		And Janet Yellen, To her credit for the Biden regime is pretty sneaky and slippery about how she's doing this.
		She's doing the old, you know, three card money here.
		But so far it's working for them because they're propping this up.
		Although the inflation, they're destroying the working class.
		But it's not like they care.
		They're replacing it right now.
		You think we have 10 million illegal alien invaders here just because it happened?
unidentified		No.
steve bannon ▲ ● ▼		That they're driving it down.
		They want a replacement of African American and Hispanic citizens.
		That's what they want.
		And it's obvious what they're getting.
		E.J.
		and Tony, any closing thoughts here?
		You've nailed it.
		I just want everybody to know.
		This guy has nailed it from day one.
		He's been dead spot on, right?
		And, of course, on Thursday, on Biden's State of the Union, you were thinking War Room and E.J.
		Antoni are way off that.
		It's all nirvana, and we must have miscalculated.
		It could not be farther from the truth, as Rick Santelli told us this morning.
		Closing thoughts, E.J.? ?
ej antoni ▲ ● ▼		Steve, today's data confirms that we are trending towards inflation rates of 3% plus, not the so-called 2% target of the Federal Reserve.
		So when people are thinking about how much is Biden's budget actually going to cost if that were to get passed, Remember, it is far worse than the deficits that we are running today, and so the inflation rates would be far worse than what we're running today.
		There is no way we get back to anything resembling pre-pandemic growth and inflation if we stay on this track.
steve bannon ▲ ● ▼		A hundred percent.
		Remember, it's cumulative, too.
		And this is the reverse side.
		This way you have the drop in the purchasing power of the dollar.
		This is why the BRICS nations are all hands on deck on how to de-dollarize.
		Because they say, hey, the deplorables of MAGA may have to suck on this because they're U.S.
		citizens, but we don't.
		We've got to figure out a way out of this nightmare, because it's not going to stop.
		They look at the budget.
		These guys are smart enough.
		They have the HP-12C.
		They do the math.
		They go, oh, well, I see his budget, and I see that the House Republicans won't bring any fiscal sanity in here.
		So this thing's only going to get worse.
		This is not quantum mechanics, folks.
		This is pretty straightforward.
		EJ, you're amazing.
		Thank you.
		Thank all the guys at Heritage.
		All you guys over there are fantastic.
		Your work is great.
		Steve Moore and the team.
		I wish I could just get Steve Moore's mind right on some taxes here, but that's okay.
		You guys are grinding away, and I know he's got a great anchor with you.
ej antoni ▲ ● ▼		Thank you, Steve, very much for having me.
steve bannon ▲ ● ▼		Make sure you go to EJ, we're going to get all his social media up, his website, he's putting up tons of information.
		Go to his, in fact, Grace and Mo, and if somebody can give me his Twitter feed.
		Let's go, we're going to get Sam Faddis, an amazing piece in the Baltimore Sun of all places.
		Armstrong Williams, one of the new owners, clearly changing that paper.
		They had Sam Faddis, but I want to have a, I want to do a cold open here for our favorite, Joanne Reed.
joy reid ▲ ● ▼		Thank you so much for being here.
joy reid ▲ ● ▼		Walk us through how it is that Haiti came to be dominated by this group of now allied gangs.
unidentified		Well, as you mentioned in your introduction, this is a long walk towards this moment.
		In 2018, we began what they call lockdown.
		People couldn't leave their homes for months.
		And then in 2021, the president, Juvenal Moïse, was assassinated.
		And that really Completely created complete chaos and lawlessness where the gang saw a vacuum and they filled it up and they've been essentially running the country.
		They've been able to levy taxes and tolls on people, something that has eluded the government for a while.
		And they are a criminal element.
		And so now my beloved country is run by criminals.
joy reid ▲ ● ▼		Let me ask you this, because Haiti seems like an experiment in punishment that began at the moment that they were liberated from the French.
		The moment they threw off the enslavers, you know, they were then locked into this giant debt, they had to pay reparations to France, and there's never been a government there that could actually function.
		What do you think is behind the fact that, in addition to the international essentially prohibition on them succeeding, why can't Haiti get a government that is stable and functional?
unidentified		Well, look, as you mentioned, the country never had a chance to be a republic.
		And the system that was created was that the international community and co-op politicians and people in the private sector that enabled the international community to do whatever they want at will.
		And so under that system, You have a handful of people getting rich, and the overwhelming majority of the people living in dire poverty.
		And so it works for everyone.
		You have people on the far right, even the central right, who think this is a perfect example to show that black people cannot govern themselves.
		But the reality is not true.
		It's the system that was set up since 1804 when Haiti got its independence.
		And so therefore, you know, the other thing is people don't know, Joy, Haiti was isolated for over 60 years.
		It was not recognized as a republic.
		The United States didn't—it had no trading— trading partners and so you have internal fighting people uh... mistrust each other and so this is still playing out what i'm hoping for is that haitian american, haitian in the diaspora can realize that and start charting a course to change this because this is you know, it cannot go on anymore. I mean, basically, I'm tired of having to explain this over and over because you know we have to
steve bannon ▲ ● ▼		uh... take things... Let me take it. One name never crosses his lips They looted the place.
		The international community, they've been looting the place.
		And now it's collapsing, and now it's coming to a Florida neighborhood near you.
		Sam Faddis, you have a piece in the Baltimore Sun that says, America is in a time of unprecedented danger.
		We've got about a minute on this side.
unidentified		What's the theory of your case?
		Well, the theory of my case, Steve, is that we are literally facing just a cascade, an avalanche, a tidal wave, whatever metaphor you want to use, of issues that are massive national security problems.
		Any single one of which would, you know, only a few years ago have been considered a massive crisis.
		And yet somehow or another, much like we're not talking about economic problems or anything else, all of this stuff is getting buried.
		We're just the terror attack piece.
sam faddis ▲ ● ▼		We could get hit any day, any moment with a mass casualty attack that dwarfs 9-11 and you don't see a mention of it anywhere.
steve bannon ▲ ● ▼		Sam, hang on for one second.
		I'm going to bring you back.
		I want to go into depth in this and I want to talk about how Haiti is going to add to this.
		The flotilla is heading over.
		We know from Todd Bensman, he's talked to senior people in customs and border.
		They're just going to be a concierge service.
		It's not going to be naval vessels out there to stop it and turn them back.
		It's going to be Coast Guard vessels to escort them into Florida.
		Governor DeSantis is starting to get on top of this, but Biden is going to let him in.
		Let him in and let a lot of them in to add to our national security problem.
		Short commercial break.
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		That would be your home.
		Short break.
		Fattis on the other side.
		Okay, Sam Faddis is not a... We're having a little technical problem.
		We're going to work it out and try to get Sam back up so we can hear each other.
		Sam Faddis is not a guy that runs around with his hair on fire.
		He's a steady-eddy, you know, a career in the CIA, in the dark arts of the CIA, and he was one of the good guys.
		Of course, he wrote an incredible book.
		I think during the Obama administration how the thing needed to be absolutely, you know, reformed.
		I think it almost has to be taken apart brick by brick and rebuilt.
		Not shut down like the FBI, but it's got to be completely purged of all the Brennan and the Brennan mentality that's in there.
		And then and rebuilt but his article the Baltimore Sun I want to give Armstrong Williams and Dave Smith Dave Smith at Sinclair and of course Armstrong who have now owned the paper of trying to turn it around Baltimore Sun used to be one of the great papers in the country of course deteriorated to a left-wing rag and One of the reason you tell to turn around Faddis has got an incredible piece over there about unprecedented time of peril for the United States He walks through the entire geopolitical
		Environment and his point is that any one of these Any one of these could lead to some catastrophic consequence the reason Sam's back up wearing him in a second the reason I keep harping on this on the financial aspects of it is
		One of the reasons we were victorious in World War I when we came in were the deciding factor or why we were victorious, although we came to World War II kind of late, 1941 had already been going on in Manchuria, the mainland China and Russia for a while.
		And in the Cold War, the three great victories we had is because we had the financial wherewithal and the manufacturing base to do it.
		We had basically a perfect balance sheet.
		We could borrow a ton of money.
		We could do anything we needed to do to win for victory.
		That ain't the case now.
		People are going to look back on this time and the E.J.
		Antonis and the Peter Navarros and the Dave Bratz and the Scott Bessons and the Jason Trennards and the Steve Bannons are going to be looked at as Old Testament prophets that kept hammering year after year, you can't do this.
		And this is why I'm so down on the Republican leadership that should know better, do know better, about this can be stopped if you're prepared to take the incoming Of the mainstream media says, oh my gosh, the poor are not getting fed, all this terrible stuff, because you're going to have that.
		But it's going to be worse later when you don't have options.
		And the poor go unfed and you don't have enough money and resources for health care.
		You're either going to be forced into it and all of our easy choices are past us because we've destroyed the balance sheet of the United States.
		You have these guys Krugman, all these people, they're living in a fantasy world, modern monetary theory where deficits don't matter.
		You don't think they matter?
		Just look at today's inflation report.
		Look at today's inflation report.
		We're right and they're wrong.
		And this is now embedded.
		If you're under 35 years old in this country, you're screwed.
		Let me just be blunt.
		So if you continue to vote for this, you continue to vote for your enslavement, have at it.
		If you want to get on TikTok and run around and show some videos and vote for Biden because, you know, Taylor Swift, vote for it, baby.
		Do it.
		You deserve it.
		If you vote for it, you deserve it.
		Because it's not going to get better until you start acting like adults.
		And this is why, Johnson, we're going to rush vote up here at 11 o'clock.
		We still got an opportunity to do this.
		We got an opportunity to play Smash Mouth.
		You can do it.
		You just got to man up.
		Speaker Johnson, not today.
		His big thing, his story in the Hill.
		Promising the Senate he's going to get some Ukraine money.
		On a two and a half trillion dollar deficit we got now, and looking at these budgets, it's going to be another two trillion next year.
	We don't have the bandwidth.
	We're not going to have the flexibility to solve some of these issues that Sam Phan is talking about.
	You see it right now in the Red Sea.
	You get a couple of battle groups over there.
	I don't even know how many deplorable carriers we have.
	It's only a handful.
	You get a couple of battle groups over there.
	This is why the French are throwing a ship, they're throwing a frigate, the British are throwing a frigate, the Italians are throwing a frigate, and they think they're helping out.
	You have to bear the entire price and you just don't have the money or resources to do it anymore.
	Sam Faddis, unprecedented.
	And this Haitian is going to be the next big deal, right?
	First of all, they're going to build the pier in Gaza.
	Right?
	With already a navy that's stretched, you're going to build the pier in Gaza to get 750,000 to a million Palestinians out that nobody in the region wants and won't take.
	You're going to get them through Italy and then to the good old United States of America.
	Not me saying that.
	That's Senator Tommy Tuberville on this show Friday morning.
	And now with the Haitians, you're going to take hundreds of thousands of those folks down in South Florida.
	Because Bensman told us yesterday, they're not looking to repel and send back to Port-au-Prince to repatriate there immediately from sea.
	You can have a mass marine assault and invasion just like you have from North Africa into Italy and Spain.
	Just like you have them from France into England.
	Sam Faddis, walk us through why this is unprecedented.
	And maybe rank order, you're thinking about the most dangerous ones we face, the ones that could crab sideways and put us under.
unidentified		Yeah, well, that's the challenge, Steve, is looking at this and trying, with this unprecedented avalanche of threats, try to grab a hold of which one we want to talk about first.
		In terms of immediacy, possibility of a terror attack on U.S.
		soil, the Dwarfs 9-11, right?
		Afghanistan is a terrorist superstate.
		The Taliban's in charge.
		Al Qaeda's back in strength.
		We pretend that that's not true, but it is.
		Al Qaeda's so embedded in Afghanistan with the Taliban now that they actually have senior Al-Qaeda officials serving as provincial governors in the Taliban government.
		So I'm not talking about there's a handful of Al-Qaeda guys there.
		There are camps everywhere.
		This whole thing is on steroids.
		Our borders are down.
		Pakistani Taliban is threatening to topple the government in Islamabad.
		That's roughly 200 nuclear weapons hanging out in the balance.
		Functional with delivery systems that could be seized.
		FBI put out what amounts to a national APB, what, a week ago, saying, hey, there's this Iranian intelligence guy on the ground in the United States, and he's looking to assassinate former Trump officials, and we need your help public in finding him.
		What's that tell you?
		Tells you they can't find him.
		They have no idea where he is, even though they have all his identification, his personal data, and a photograph of him.
		It's been a week.
		The FBI is looking for an Iranian hitman on our soil and he wants to kill really significant officials, former officials, and they can't find that guy.
		So what's that tell you about our posture?
		We have no idea who's here.
		We can't stop him.
		We could get hit anytime.
steve bannon ▲ ● ▼		What about, walk me through the Red Sea, the South China Sea, the Mediterranean, Ukraine, I mean, all of it.
steve bannon ▲ ● ▼		It's all kind of coming into conjunction now, sir.
unidentified		Yeah, everything.
		Look, you were talking about the Houthis, okay, and the Red Sea.
		So we are losing the war with the Houthis.
		We're shooting down drones that are basically made in a garage.
		With missiles off the US destroyers that you and I both know cost about two million dollars a pop as a rough figure.
		Also, by the way, those destroyers can't reload at sea.
		So when you're done firing what you got in your magazine, you got no, you got no weapons and you got to sail someplace.
		I don't know where the closest place is, probably Rotespan, maybe where they could reload.
		Um, So not only are we not stopping the attacks, the attacks are intensifying.
		Commercial ships are sailing all the way around Africa to get away.
		And I'm going to tell you that any day now you could have one of those U.S.
		U.S. Navy destroyers out there, the handful we have left, and the Houthis put two dozen drones up, and the next thing you know that destroyer is out of ammo to intercept those drones, those things are going to impact on a U.S. Navy destroyer.
steve bannon ▲ ● ▼		As a former destroyer officer that had the pleasure of serving my country and sailing the North Arabian Sea and the Persian Gulf back in the original, when the Mullahs came to power, threw the shaw out, took our hostages right.
		I was part of those battle groups over there.
		I don't think America is psychologically ready to have a Navy combatant taken down by a handful of Persian-backed rebels with $10,000 drones.
		It is a real possibility.
		First off, you could lose an entire battle group right now if the balloon goes up in the South China Sea or in the Straits of Taiwan, which I also sailed.
		As a junior officer, right?
		A carrier battle group could go to the bottom of the Taiwan Straits of the South China Sea.
		America's not psychologically ready for this.
		This is like the Battle of Coral Sea, which people back then were a lot tougher and had a lot more grit and determination.
		American people, you look at the TikTok crowd, they're not ready to have a battle group go to the bottom.
		You could lose a destroyer or a couple of frigates.
		There's a real possibility an American combatant could go down in the Red Sea to a handful of rebels.
		Because this is how dangerous they have them out there, right?
		And our quote-unquote NATO allies, because remember, we're keeping this, this is all about the Suez Canal, keeping it open so the Persian Gulf oil goes to Europe and the goods from China, you know, the goods from China keep flowing into, through the Suez to Europe.
		So what happens if we start losing combatants, Sam?
unidentified		Well, I agree with you a hundred percent.
		The American people are not psychologically ready for this.
		You touched earlier on industrial base issues.
		Okay.
		You lose a Nimitz class aircraft carrier, say in the South China Sea, and all of a sudden you're going to realize that the next closest one is San Diego.
		And how long do you think it's going to take us with our current industrial capability to replace that?
		In World War II, we produced, I think, 150 carriers or something like that.
		Between the time we went in the war and the end of the war, well, you'd be lucky if five years later you had a new aircraft carrier with our current capabilities.
		I mean, one aircraft carrier could go to the bottom and the entire reality that's existed in the Pacific since 1945 would go away.
		Look, and people, I think, don't understand.
		I mean, you were a destroyer.
		My dad was a destroyer.
		They think we're talking about the USS Missouri or something.
		If a single The Houthi missile, which I think the warhead typically works out to about 700 pounds, something like that.
		One of those things impacts and hits a US destroyer.
		That alone might send it to the bottom.
		At a minimum, it's going to take it out of action.
		That thing isn't doing anything until it's towed home and maybe scrapped or years later put back into operation.
		So I think, you know, the Biden administration talks about turkey shoots because they shot down 24 drones.
		Yeah, you shot down 24 drones and you spent $50 million to do it.
		And any day now, this gets really, really serious and a whole bunch of American sailors are dead.
		And again, just like everything else, we're not talking.
steve bannon ▲ ● ▼		How worried are you about the 9 million, they've admitted now to 9 million illegal alien invaders coming through the southern border.
		You're going to have this Haitian crowd here starting this weekend.
		How worried are you about bad actors coming through that border that could do a mass casualty attack equivalent to 9-11 or something close to that in the United States?
unidentified		Yeah, very, very, very worried.
sam faddis ▲ ● ▼		I think, look, I don't have much regard for FBI Director Wray, but about every week now Wray goes somewhere on the record and says we're at a completely unprecedented terror level and he has made specific reference to the number of individuals entering the country that he can't keep track of.
unidentified		Okay, we know what that is.
		That's CYA.
		He's laying down a record so when there's a whole bunch of dead Americans he can say, Don't blame me, guys.
		I told you.
		That's not me saying that every person coming across that border is a saboteur, obviously.
		But once you've got that flood, you have no idea who they are.
steve bannon ▲ ● ▼		Sam, where do people go to get this article, all your other great content, over at Ann Magazine?
unidentified		Ann Magazine, and magazine.substack.com, but this piece is at the Baltimore Sun that you're referencing.
		My understanding is I'll be writing at least every couple of weeks for those guys going forward, so it's good to see.
		Wow.
steve bannon ▲ ● ▼		Armstrong Williams, what a great effort.
		Sam, I don't want to add, as we punch out, that you're with us on the 2020 election.
		Sam knows that the 2020 election was stolen, is leading the effort up in Pennsylvania to sort things out.
		Short commercial break.
		We got John Solomon, Mo Bannon, Russ Votes going to join us, Matt Boyle.
		Pretty packed.
		back in a moment you gotta get jacked up for the morning show of uh... of war room The way you do that is Warpath Coffee.
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		Warpath.coffee, the dark roast is my baby, but hey, the mild blends, the breakfast blends, the seasonal blends, Tej Gill and the team of Navy SEALs over there do an amazing job roasting here in the United States of America.
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		John Solomon, thank you very much.
		Okay, so hearing Sam Faddis, seeing that almost all of those problems with the mullahs in Gaza, with the KGB, all is backed by The CCP.
		Axios Today puts out their lead story this morning at dawn, when I'm having my first pot of Warpath coffee, sir, is about how Biden is now going to go bully Trump and bench press Trump on China because of this little TikTok thing.
		And yet I go to John Solomon's site, Just the News, and I have something that's so jaw-dropping.
		I don't understand why Comer's not moving forward on this and impeachment.
		Explain to our audience the true relationship to the Biden crime family and the most murderous dictatorship in the history of mankind that would be the Chinese Communist Party, sir.
john solomon ▲ ● ▼		It is a shocker to me even, and I've done a lot of Hunter Biden work, but this one is perhaps the most egregious example of the Biden family eschewing our own nation's interests and just chasing dollars with one of our great adversaries.
		Joe Biden is still vice president.
		Hunter Biden is working with a series of business partners.
		Jason Galanis, Rob Walker, and other people, and they come up with an idea that China, CEFC Energy, which is the energy company that they were also trying to help buy natural gas assets and take them from under our soil in the United States, send them over to China.
		We already know that storyline.
		That's pretty bad.
		They wanted to arrange a secret transfer of Westinghouse Electric and its AP1000 nuclear reactor.
		This is the game-changing nuclear reactor that American ingenuity created.
		It is a significantly smaller footprint nuclear reactor that could transform the nuclear industry.
		And by the way, it's the most popular reactor now being shared across the world.
		They're working on this.
		In fact, they're gonna do it through smoke and mirrors.
		They're talking about hiding the transaction behind cutouts so that China can get its hands on it in their plan, the plan that by the way, gets sent over to the Chinese under a cover letter from Hunter Biden.
		The plan says, if we can get this for China, they will have a long-term control.
		That's their word, control.
		Dominance would be another word you might wanna use in the global nuclear markets.
		They were trying to help our primary, our largest enemy on the foreign stage, our biggest adversary in the foreign world, and to help them get our best nuclear technology so that they could own the nuclear industry.
		It is a striking document.
		These are documents that Rob Walker provided Congress, one of the business partners.
		He acknowledged that Hunter Biden was in on this.
		In fact, the Chinese were led to believe that Hunter Biden was the head of this deal.
		That was important for China to know, that Hunter Biden was leading this deal.
		That is what they were doing, trying to chase our money.
		And Joe Biden hadn't even left the office yet.
		He was still vice president in 2016.
steve bannon ▲ ● ▼		Hold it.
		This is the key point.
		Hit rewind on that for a second.
		This is not something that happened afterwards.
		This is not something that happened in the Trump administration when he's up in Rehoboth Beach.
		Go back in time.
		It's the time that's important here.
		They're selling not just access to his office of the vice president.
		It's not just access.
		They're actually selling Things they will do as proactive for the Chinese Communist Party, why he's the vice president of these United States, sir.
john solomon ▲ ● ▼		Yeah, this had to have.
		There's no chance that this didn't send off alarm bells in the United States intelligence community.
		It's obvious what China's doing.
		This is the same company that Hunter Biden himself said had the effing spy chief.
		He believed that one of the executives he was working with was a spy chief for China.
		James Biden said he knew that the chairman of this company, Chairman Yee, was directly tied to the president of China, President Xi.
		So the Bidens knew they were dealing with the communist Chinese.
		They knew this was a moment that was very delicate in U.S.
		relations.
		China had executed several of our human assets and spies in this time frame under Barack Obama.
		They're cracking down on human rights in Hong Kong.
		They're rattling their sabers over taking over Taiwan in greater way.
		They're challenging us in the South China Sea, starting to build islands and other things.
		China was at a very agitated moment.
		We knew they were becoming more aggressive against Western and U.S. interests.
		And at that very moment, Hunter Biden and his team is so glad to give them our prized nuclear reactor and try to sell that company to the Chinese.
		And by the way, disguise it!
		They're talking about hiding it behind other transactions.
		I think Americans could get that story pretty simply.
steve bannon ▲ ● ▼		The buried lead, too, is that the apparatus knows this went on.
		So I got a question.
		I'm going to go from the apex.
		Why is Solomon, John Solomon, Tom Fenton, Rahim Ghassan, Natalie Winters, and others kind of on the outside doing groundbreaking work?
		Why are the committees And I don't need any more witnesses of the Bidens.
		Why are they not calling up the apparatus, the CIA, DNI, DOJ, FBI, the people, the Commerce Department under this?
		Why are they not getting officials who were doing this and knew it was going on at the time, sir?
john solomon ▲ ● ▼		That is the key here.
		The Deep State had to have facilitated or ignored or gave cover to the Biden family to do this.
		There's no chance our CIA is blind to this.
		No chance.
		They were monitoring Patrick Coe under a FISA warrant for a good part of the time.
		That's one of the CFC officials that Hunter Biden was dealing with him.
		These are the questions that the impeachment committee really hasn't dug down into.
		They haven't Asked the CIA, did you ever give a defensive briefing to the Bidens about their China or Ukraine or Russia dealings?
		They haven't asked that question.
		They haven't asked for any CIA documents about whether the CIA was monitoring Hunter Biden or whether foreign allies were warning us that Hunter Biden was playing a very dangerous game of Russian Roulette with our extraordinary enemies in the world.
		Now, he wasn't playing with the nice guys.
		He was playing with companies that the State Department deemed corrupt.
		an oligarch that the Joe Biden, Barack Obama, Justice Department had indicted for corruption.
		And there's Hunter Biden saying, hey, $5 million, I'll make that indictment go away.
		He was playing with the worst of the worst in the world.
		And yet we haven't dug into this issue.
		I feel like the congressional committees, the House Intelligence Committee, they should be on that issue.
		I think that's where this story pivots.
		And here's another one.
		Well, how many of those documents that Robert Heard just talked about dealt with these sort of issues that could have helped Hunter Biden navigate how to close deals.
steve bannon ▲ ● ▼		Bingo.
steve bannon ▲ ● ▼		Bingo.
unidentified		100%.
steve bannon ▲ ● ▼		John, where do people go to get the show, your podcast, all your writings, the website, all of it?
john solomon ▲ ● ▼		Well, I'm lucky enough to follow you every night here on Real America's Voice at 6 o'clock.
		Justin News, no noise.
		Jay Solomon reports on all the social media platforms and justinnews.com.
		That's where we put all our stories.
steve bannon ▲ ● ▼		Solomon, unbelievable.
unidentified		Unbelievable.
john solomon ▲ ● ▼		Thank you, sir.
steve bannon ▲ ● ▼		This is actually worse than the Clintons and the Russians back in 16 on New York.
		I'll get John back on.
		We'll compare and contrast the corruption of both those families.
		Short commercial break.
		Grab yourself a pot of Warpath coffee now.
		Short break.

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