May 16, 2024 - Bannon's War Room
48:53
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| It protects you both personally. | ||
| Is that a conflict of interest? | ||
|
unidentified
|
The Justice Department is a fundamental institution of our democracy. | |
| People depend on us to ensure that our investigations and our prosecutions are conducted according to the facts and the law and without political influence. | ||
| We have gone to extraordinary lengths to ensure that the committees get responses to their legitimate requests. But this is not | ||
| one. To the contrary, this is one that would harm our ability in the future to successfully | ||
| pursue sensitive investigations. | ||
| Now, there have been a series of unprecedented and frankly, unfounded attacks on the Justice | ||
| Department. This request, this effort to use contempt as a method of obtaining our | ||
| sensitive law enforcement files is just the most recent. | ||
| The effort to threaten, to defund our investigations and the way in which there are contributions to an atmosphere that puts our agents and our prosecutors at risk, these are wrong. | ||
| Look, the only thing I can do is continue to do the right thing. | ||
| I will protect this building and its people. | ||
| Jen, why don't we respond? | ||
| You kind of answered this just now, but I was wondering, like, you know, what is this | ||
| combined with the efforts to defund Jack Smith and the other attacks on Biden administration | ||
| officials say about, you know, the broader effort to discredit you and to discredit | ||
| the Justice Department? | ||
| And also, how do you manage that? | ||
| How are you resisting that? | ||
| And what can you do about that as Attorney General? | ||
| We have to go about our work following the federal principles of prosecution. | ||
| As I said, we follow the facts and the law. | ||
| We screen out outside inappropriate influences. | ||
| That's what we're doing here. | ||
| We're protecting our ability to continue to do high-profile and sensitive investigations, and we will continue to do that. | ||
| It now seems vanishingly small that the two Jack Smith federal cases are going to begin trial, let alone finish trial this year. | ||
| What does that say about the pace of the justice system and confidence in this Justice Department? | ||
| Look, the special counsel brought both cases last year. | ||
| He appropriately requested speedy trials. | ||
| The matter is now in the hands of the judiciary and I'm not going to be able to comment any further. | ||
| All right, so that was Attorney General Merrick Garland. | ||
| And just to bring you up to speed, what's going on is that House Republicans, led by the Chairman of the Judiciary Committee, Congressman Jim Jordan of Ohio, and the Chairman of the Oversight Committee, Congressman James Comer of Kentucky, are pushing to get the audio of the special counsel robert hers interview with president biden you might remember uh... that in that report in which uh... special counsel her said that uh... they were not going to prosecute joe biden they didn't think the case would be prosecutable because joe biden would come across well to the jury and as and quote elderly man with a poor memory | ||
| With that said, the Republicans in Congress want that audio. | ||
| What is the purpose of that? | ||
| Let's discuss. | ||
|
unidentified
|
Just the sort of choreography of what just happened, that it was the Attorney General, who almost never speaks out about this stuff, who came out and said what he said and defended the President. | |
| Right, because he is facing a contempt of Congress. | ||
|
unidentified
|
Exactly. | |
| A threat from Congress for not turning over, from Republicans, for not turning over this audio. | ||
|
unidentified
|
Yeah, and I just think we should dig into what we saw from Merrick Garland there. | |
| Because remember, this is a man that Joe Biden selected to run his Justice Department in an incredibly charged environment with an outgoing president in the wake of January 6th. | ||
| And Merrick Garland was designed to try to protect the Department of Justice, | ||
| to make it seem unimpeachable, quite literally, no pun intended, to, and he handled | ||
| the special counsel situation, the prosecution of Donald Trump, | ||
| in a way that a lot of Democrats were very frustrated by, because he was so reluctant to put his Justice Department | ||
| into a perceived political position. | ||
| And for him to actually come out there and make that very strong statement | ||
| about how there are all of these comments that have been made about the Justice Department, | ||
| to say that these threats against his, that what has happened to some of his prosecutors | ||
| amount to threats to their safety, he is entering this conversation | ||
| that we are collectively having as a country that is a political conversation in a way | ||
| I don't think we've seen Merrick Garland do before. | ||
| I mean, he's not. | ||
| The reason he is speaking is not to be a spokesperson for the White House. | ||
| He is the central character here because he is being called by these committees for contempt of Congress for not authorizing the release of this. | ||
| I mean, that's why he is speaking as he was walking out to an FBI memorial. | ||
| So legally, this may be very sound. | ||
| We'll let the lawyers talk about this. | ||
| Politically, the optics of this clearly are not very good. | ||
| And this is something we are going to be hearing about repeatedly as my guest for the next five minutes. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
| Because we're going medieval on these people. | ||
| You're not going to free shot all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
| MAGA Media. | ||
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
|
Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved! | ||
|
unidentified
|
War Room. Here's your host, Stephen K. Bamm. | |
| Thursday, 16 May, Year of Our Lord 2024. | ||
| Ugh. | ||
| When I go to sleep every night, I take comfort in the fact that I had a small role in making sure that that scummy little worm, Merrick Garland, did not get a lifetime appointment on the Supreme Court because if Hillary Clinton had won on 8 November of 2016 in the year of our Lord, he would have been on the Supreme Court. | ||
| And he is a worm. | ||
| Just to get you up to speed, and make sure you understand this is all because of your efforts. | ||
| This is 100% this audience. | ||
| What was happening today? | ||
| Happening today was both judiciary and oversight. | ||
| Both committees were doing a criminal contempt markup on Merrick Garland for withholding the audio tapes of the interview that Biden did, I think, with the Ghostwriter. | ||
| That shows his obvious understanding and knowledge of the classified documents he was turning over and letting the guy see and not taking care of. | ||
| Damning evidence, damning evidence, damning evidence that Biden's White House and Biden's Justice Department's hiding. | ||
| You know what they came out today? | ||
| That big announcer right there, that little worm. | ||
| Oh, we're getting unprecedented attacks. | ||
| They're saying mean things. | ||
| Hey, we're going to say a lot more mean things about you, you scumbag. | ||
| You and Lisa Monaco and Jeffrey, you're thugs. | ||
| You're nothing but thugs, you little worm. | ||
| And why don't you step up to a mic and talk like a man? | ||
| Stop with the broken voice. | ||
| It's like you're whining and crying all the time. | ||
| You're a scumbag. | ||
| Let me repeat this. | ||
| You're a thug. | ||
| Lisa Monaco's a thug. | ||
| Chris Wray's a thug. | ||
| And we're going to continue on and press the bet even more. | ||
| Because now we know you're running and hiding. | ||
| Mike Davis joins me now. | ||
| Mike, this is what it took. | ||
| It took all the way to the committees to get a markup, and they're going to drop it next week. | ||
| These guys run, and what have they got to do? | ||
| They've got to withhold this information after all the criminality. | ||
| And this is why I hope finally Speaker Johnson understands they're going to play Smash Mouth every second of every day. | ||
| The only thing they understand and the only thing they respect is Smash Mouth. | ||
| And Johnson's got to get off his duff and make sure he empowers justice, or he empowers | ||
| judiciary and oversight to get real. | ||
| We've actually got some breaking news on that, what judiciary is doing, but this is quite | ||
| frankly even bigger. | ||
| I think it's a response to, by the way, the Colangelo letter that went in today from Jim | ||
| Jordan. | ||
| But put it in perspective, Mike, you've been on this Mar-a-Lago raid. | ||
| You saw what they're doing now. | ||
| They're trying to hide. | ||
| There's no call for executive privilege here. | ||
| This is purely evidence in a criminal investigation, sir. | ||
| President Biden disregarded 250 years of constitutional executive privilege going back to George Washington. | ||
| So Biden could orchestrate an unprecedented raid on President Trump in the office of former | ||
| presidents to get back presidential records that President Trump was allowed to have under | ||
| the Presidential Records Act. | ||
| Now President Biden, through his attorney general, is trying to hide behind executive | ||
| privilege to prevent the American people from hearing how Biden knowingly stole highly classified | ||
| materials from his time as vice president, even as senator. | ||
| And he shared these highly classified materials with his ghostwriter so he could get an $8 | ||
| million advance on a book that no one other than lobbyists in D.C. will ever buy and read. | ||
| So Biden put our national security at grave risk for his personal financial gain. | ||
| And now Joe Biden is leading a cover up. | ||
| So House Republicans must obtain these recordings showing that the Biden Justice Department covered up Biden's clear espionage. | ||
| As part of the House Republicans impeachment authority. | ||
| Remember, Biden eviscerated constitutional executive privilege for Peter Navarro, President Trump's trade director inside the White House who is sitting in prison right now. | ||
| They eviscerated constitutional executive privilege for you, Steve Bannon, one of President Trump's top outside Political presidential advisors and according to the Office of Legal Counsel binding OLC opinion at the Justice Department, executive privilege applies to outside presidential advisors. | ||
| And this Biden Justice Department Merrick Garland ignored that when they prosecuted Peter Navarro and put him in prison. | ||
| They ignored that when they prosecuted you and you're about to go to prison. | ||
| This is just Absolutely unacceptable that Merrick Garland and Joe Biden are now trying to claim executive privilege to hide Biden's clear espionage for his personal financial gain. | ||
| They're trying to hide behind executive privilege after they eviscerate it for President Trump during his four years. | ||
| Hell no. | ||
| House Republicans need to put the pedal to the metal. | ||
| Mike, I hope, because you've been one of the apostles of this, I hope finally, finally, the House Republicans understand how much the Biden regime holds them in contempt. | ||
| It took the markup and it took the announcement that, hey, judiciary is going to start at | ||
| 10 this morning and oversight because I think some of the oversight folks actually are in | ||
| New York to show support for President Trump at the other illegitimate Moscow show trial | ||
| of President Trump, that they were going to start at 8 p.m. | ||
| tonight, but these are going to be done in the next 24 hours and get ready to be taken | ||
| to the overall house and issued criminal contempt for Garland, which would jam them up | ||
| since they've used that weapon backing Nancy Pelosi against Trump's advisors and President | ||
| Trump. | ||
| Also people have got to remember, remember the ghostwriter already erased, remember he | ||
| had tapes of Biden too. | ||
| He already erased tapes, and I think he also had aid memoirs that he erased. | ||
| That's why these tapes with Biden, the ones that he got, are so absolutely important. | ||
| This all came because of the criminal contempt markup and letting it know that they were getting serious. | ||
| What should the House do now that we know what works? | ||
| Now that we know when you go on offense, these rats start scrambling, what should happen next? | ||
| We should keep going. | ||
| We should be issuing, instead of strongly worded letters, we should be issuing subpoenas. | ||
| Subpoenas for documents. | ||
| Subpoenas for witnesses. | ||
| Subpoenas for staff depositions. | ||
| And if they want to claim executive privilege, Take them to court. | ||
| If they want to claim some other privilege, take them to court. | ||
| Hold them in contempt. | ||
| And even if Merrick Garland doesn't prosecute contempt, the Trump 47 Justice Department certainly should and probably will starting on January 20th, 2025. So I have a whole bunch of these consent prosecutions | ||
| ready to go from the House of Representatives that you can send over to | ||
| the Trump Justice Department on day one with a little bow wrapped around it | ||
| so we can get moving on prosecuting President Biden and these Democrats. | ||
| I may actually, we may actually put that into your viceroy category. | ||
| Mike, just hang on. | ||
| I want to get to Jim Jordan, other things about the trial, a lot else going on. | ||
| Of course, they had Lisa Monaco, Ray and Garland, the three thugs, had a press conference the other day to try to intimidate MAGA from carrying out their legal duty and, quite frankly, the requirements of citizens of this country to make sure you don't steal the election like you stole in 2020. | ||
| Garland, we're not going to let that happen. | ||
| We don't care how many press conferences you have. | ||
| You're going to be watched. | ||
| We're putting the stink eye on you. | ||
| You're going to be watched every second of every day. | ||
| Okay? | ||
| We know what you're trying to do to this. | ||
| You're trying to steal it. | ||
| Outright steal it. | ||
| And it's not going to happen. | ||
| You stole it in 2020. | ||
| You got an illegitimate regime that the usurpers that are occupying 1600 Pennsylvania temporarily, right? | ||
| The regime's about to come to an end. | ||
| That's why the rats are scrambling. | ||
| Short break. | ||
| Now today, this morning, we get an 11th hour invocation of executive privilege. | ||
| had access to before they were finalized. The department has a legal obligation to turn over | ||
| the requested materials pursuant to the subpoena. Attorney General Garland's will for refusal to | ||
| comply with our subpoena constitutes contempt of Congress. | ||
| Now today, this morning, we get an 11th hour invocation of executive privilege. President Biden is | ||
| asserting executive privilege for the same reason we need the audio recordings. They offer a | ||
| unique perspective. This last-minute invocation does not change | ||
| the fact that the Attorney General has not complied with our subpoena. | ||
| With that, I would recognize the Ranking Member for an opening statement. | ||
|
unidentified
|
Thank you, Mr. Chairman. 20 million taxpayer dollars. Here we go. | |
| Here we go. | ||
| This is why you got to be tough. | ||
| You just heard Jim Jordan right there saying they're going to continue with the markup, which is great. | ||
| You've got to get the criminal contempt against this guy. | ||
| Now you're going to have Nadler and this whole crowd up there hammering back, as they should. | ||
| Hey, this is what it is. | ||
| They should have a ranking member. | ||
| They should have minority counsel. | ||
| They should get all the evidence. | ||
| They should cross-examine the witnesses. | ||
| This is what they didn't do on January 6th. | ||
| This is the way Congress should run. | ||
| We have no problem with that. | ||
| In fact, we support that. | ||
| I just don't want to listen to it. | ||
| And I know you don't want to listen to it. | ||
| If you hate MSNBC as much as you hate them, you don't want to listen to these guys more. | ||
| Mike Davis, why is it important to continue down this path? | ||
| And you just heard Jordan right there, Chairman Jordan, lay out the fact that they're not trusting anything coming out of the Justice Department. | ||
| This Justice Department is so crooked. | ||
| By the way, if we can get rid of that clip of Garland whining at the top, I'm going to want to play that along with the congresswoman yesterday. | ||
| Audience, this is all you. | ||
| This is your calls. | ||
| This is you going to Article 3 and becoming active over there. | ||
| This is working with Grace and Mo and becoming active and upping people's faces and talking to your congressman. | ||
| This is solely because this markup's come because you've demanded it. | ||
| You've demanded people be held accountable. | ||
| And now that Congress is starting to respond and starting to act, you see exactly, and the rats come out immediately. | ||
| Mike Davis. | ||
| Yeah, listen to Attorney General Merrick Garland's statement. | ||
| We are in his head. | ||
| He is rattled. | ||
| He's talking about defunding, how we're trying to defund these investigations before the election, how we're supposed to, how we're issuing subpoenas. | ||
| They are now on defense in the Biden Justice Department, and they're on defense for the first time in 22 months. | ||
| And I commend the House Judiciary Committee, Jim Jordan, the Oversight Committee, James Comer, they're doing good work now. | ||
| We're finally firing on all cylinders. | ||
| We should have been doing this 22 months ago, but I'm pleased we're finally firing on all cylinders instead of in week five of the unprecedented criminal trial of a former president, likely future president, like we've seen with Alvin Bragg's bogus case up in Europe. | ||
| But we need to keep going. | ||
| We need to keep the pressure on the Democrats. | ||
| This is a zero-sum game. | ||
| When the Democrats are on defense, like they are right now, finally, they're not on offense, right? | ||
| And we need to keep going. | ||
|
unidentified
|
We need to put the pedal to the metal and run them over. | |
| If Denver, do we have the Garland piece about that? | ||
| Okay, I'm going to play Garland again. | ||
| Audience, a lot happening today. | ||
| We've been going on offense because of you. | ||
| The people are starting to do things. | ||
| It's not totally and completely organized, but it'll get there. | ||
| Okay? | ||
| You've got a lot of units, a lot of, you know, Army Corps here, a couple of divisions here. | ||
| It's all a little disparate right now, but it's all going to converge on a point. | ||
| It's going to converge on a point. | ||
| And Merrick Garland understands that. | ||
| These are not dumb people, they're evil people. | ||
| But they're not stupid. | ||
| They see exactly what's coming for them, and that's why they're putting out the big chop blocks right now to try to slow this down. | ||
| Let's have Merrick Garland. | ||
| Let's hear what he has to say. | ||
| And by the way, I have never, Mike Davis, I know you have an attorney general to admit this. | ||
| Let's go ahead and play it. | ||
|
unidentified
|
Now, there have been a series of unprecedented and Frankly, unfounded attacks on the Justice Department. | |
| This request, this effort to use contempt as a method of obtaining our sensitive law enforcement files, is just the most recent. | ||
| The effort to threaten, to defund our investigations, and the way in which there are contributions to an atmosphere that puts our agents and our prosecutors at risk, these are wrong. | ||
| Look, the only thing I can do is continue to do the right thing. | ||
| I will protect this building and its people. | ||
| You know he didn't say he'd protect the Constitution. | ||
| You know he didn't say he'd protect the United States of America. | ||
| It's all about him. | ||
| It's all about him. | ||
| And he's rattled. | ||
| Mike Davis, you've been at this game a lot longer than I have. | ||
| Have you ever heard an attorney general that rattled in your life? | ||
| He is such a weak, little political tyrant. | ||
| And we have this rat cornered, right? | ||
| And first of all, thank God that my former boss, Neil Gorsuch, is on the Supreme Court and not Merrick Garland, this little political weasel. | ||
| Thank you, President Trump, for winning that election in 2016 and transforming the Supreme Court. | ||
| We would be in a much more dire place right now if it weren't for that win. | ||
| We'd have a Hillary Clinton-dominated Supreme Court and we would be cooked. | ||
| as a country, and I would say this to Merrick Garland, how dare you accuse people of threatening | ||
| federal law enforcement and agents with violence for merely raising these very legitimate | ||
| constitutional concerns that we have? We're not going to play that game. They tried to do this | ||
| nonsense when they illegally gagged Trump. Because apparently, if you raise issues about the process | ||
| and how that process is unfair, and how a judge is biased and witnesses are biased, somehow you're | ||
| threatening the process. | ||
| You're threatening the judge. | ||
| This is the same attorney general who said that these abortion industry activists | ||
| had a First Amendment right somehow to dox Supreme Court justices and their families | ||
| and to hold illegal obstruction of justice campaigns outside of the Supreme Court justices' homes, | ||
| even after these Supreme Court justices had to go to safe houses, | ||
| even after Justice Kavanaugh faced a 1 a.m. assassination attempt | ||
| with his wife, Ashley, and their two teenage daughters. | ||
| Merrick Garland can go to hell when he says that raising these concerns | ||
| somehow threaten federal law enforcement. | ||
| He doesn't give a damn about federal law enforcement. | ||
| He cares about protecting Joe Biden and himself. | ||
| And I'll tell you this, come January 20th, 2025, when the Trump 47 Justice Department is back in office, | ||
| guess what Merrick Garland, you are gonna be the subject of a criminal probe | ||
| for conspiracy against rights under 18 USC 241 for allowing your Department of Justice | ||
| to get politicized and weaponized to go after Trump while you coddle Joe Biden | ||
| and his scumbag crackhead son Hunter, and his corrupt brother, James, | ||
| and the rest of the Biden family. | ||
| It seems like every Biden family member is on the foreign take. | ||
| $20 million that James Comer's been able to track from these foreign oligarchs into what seems like every Biden family member's bank account. | ||
| Except for the six-year-old granddaughter who they don't claim. | ||
| They finally claimed under political pressure. | ||
| Screw you, Merrick Garland. | ||
| We're coming after you after January 20th, 2025, legally, financially, and politically. | ||
| You want to play this game? | ||
| We're going to play this game. | ||
| If Denver could put up, I think I got him to this morning, the letter that Jim Jordan sent, on a different track, because do we have to wait For President Trump to come back and make you the viceroy on an interim basis until we get some guys confirmed. | ||
| Can't we go now? | ||
| You see this letter from Jordan, which is separate from, ladies and gentlemen, this markup of the criminal contempt of Merrick Garland on withholding the audio of Biden proving he was guilty, right? | ||
| Proving he's guilty, that's where they're hiding it, and now exerting at the last second At the 11th hour, executive privilege, right? | ||
| Where Peter Navarro rots in a federal prison in Florida. | ||
| They sent a letter today or last night. | ||
| Now, it's a strongly worded letter, I got it, but it's about Colangelo. | ||
| Doesn't this show you that we don't have to wait for Trump, we don't have to wait for you, and we don't have to wait for Jeff Clark, we don't have to wait for the cavalry? | ||
| Can't we start that criminal investigation on these people right now? | ||
| Well, we won't call it a criminal investigation. | ||
| We're going to call it an oversight investigation so we can change potential legislation because we have to have a legislative purpose, of course, Steve. | ||
| And then also, we can also have an impeachment probe, which is beyond legislative purpose. | ||
| But you're exactly right, Steve. | ||
| We need to be constantly on offense right now. | ||
| And the reason Merrick Garland is out there crying and peeing down his leg is because of the contempt. | ||
| It's not the strongly worded letter. | ||
| Letters are nice, but what actually will get Merrick Garland to pee down his leg is a contempt proceeding, right? | ||
| Vote on contempt. | ||
| Issue subpoenas. | ||
| When they don't respond to subpoenas, hold them in contempt. | ||
| And even if Merrick Garland doesn't prosecute the contempt or his Justice Department doesn't prosecute the contempt, like I said, have all of these criminal Investigations wrapped up in a nice little bow for January 20th, 2025, so Trump's acting Attorney General can prosecute immediately. | ||
| I just want to ask you before we go to break, and I'd like to hold you through the break, Jason Trent is going to join us. | ||
| We're going to cut back to the committee. | ||
| We're going to juggle a lot of balls today. | ||
| We've got people in New York coming up about President Trump. | ||
| Did it, in your mind, raise itself to the level, when they stonewalled about the tapes, did it raise to the level, given they've got plenty of time, they've been subpoenaed, did it raise to the level of an actual contempt charge? | ||
| It not only raised to the level of contempt it raised to the level of impeachments because they are corrupting the Justice Department to protect their boss and they are doing backflips to protect Joe Biden after they've broken every norm, they've broken presidential immunity, they've broken executive privilege to go after Trump, his top aides like Peter Navarro and you Steve, his attorneys like John Eastman and Jeff Clark, his January 6 supporters. | ||
| Look, Merrick Garland is proving that he has politicized And weaponize this Justice Department to protect his boss and his allies and to go after his political enemies. | ||
| And that is not only contemptible, it's impeachable. | ||
| So, House Republicans, keep going. | ||
| Keep going. | ||
| This is where the Democrats are going to be in full retreat. | ||
| Hunt them down legally, politically, and financially. | ||
| Mike, just hang on for one second. | ||
| We're going to juggle a few balls here. | ||
| We've got some capital markets, economics to get into. | ||
| We've got the trial. | ||
| Got a lot going on this morning. | ||
| Just bear with us. | ||
| Birchgold.com. | ||
| The still-point-and-a-turning financial world might be gold. | ||
| Go check it out today with the guys at Birchgold. | ||
| Birchgold.com slash Ben and Philip Patrick and the team are available to talk to you right now. | ||
|
unidentified
|
Go check it out. | |
| The embarrassment of recent hearings today, Donald Trump and his cronies don't think that the chairman is doing enough. | ||
| We're here today simply because Donald Trump's sycophants have been taunting the members of this committee on the GOP side and judiciary Republicans for not doing anything tangible to defend Trump against our judicial system. | ||
| Blackies like Natalie Winters, a Trump loyalist and an executive producer for Steve Bannon's show, have been mocking Chairman Jordan's leadership of the committee openly. | ||
| As you can see up there, when the House Judiciary tweeted, imagine actually believing Michael Cohen, she retweeted and said, imagine actually believing at GOP, at Judiciary GOP, we'll do anything about it. | ||
| Just as one example, on Monday, she put that tweet up, and then Fox's Maria Bartiroma and Steve Bannon himself have gotten into the act. | ||
| And here they are. | ||
| Why aren't you being louder about this? | ||
| Why aren't I hearing anything from this committee? | ||
| I had to just ask you about it, okay? | ||
| Just let me be clear. | ||
| Viewers are sick and tired of hearings. | ||
| They're sick and tired of letters. | ||
|
unidentified
|
They're sick and tired of hearing complaints. | |
| They want action. | ||
| President Trump is in a trial all day long. | ||
| Okay, this is the key, and of course you saw the rest of it. | ||
| It is you, this audience. | ||
| Pressure, pressure, pressure. | ||
| Constant pressure. | ||
| Being on offense. | ||
| That is what's turning this around. | ||
| Mike Davis is going to join us back. | ||
| We're going to get into the committee. | ||
| Mike's going to tell us a lot of the audience and some of the engine room are asking Mike to walk us through the process of contempt. | ||
| What does it mean? | ||
| Was he talking about impeachment? | ||
| This is pretty big news today. | ||
| Remember Merrick Garland hiding the rats in the White House. | ||
| These are the same people. | ||
| That have conspired and colluded against President Trump consistently. | ||
| Don't take it from me. | ||
| Wait to June 27th, 28th, and 29th in a federal court down in Florida, in South Florida, where Judge Cannon is going to put Jack Smith on trial and an evidentiary hearing over a couple days is going to be showtime. | ||
| Jason Trennard joins us. | ||
| I need to get Jason. | ||
| He's one of the smartest guys. | ||
| The numbers came out yesterday. | ||
| A lot of spin from the White House. | ||
| A lot of spin from our favorite, the Wall Street Journal. | ||
| So we went to the big guns. | ||
| EJ yesterday, Jason Trennard today, and we're going to get Scott Besant on tomorrow. | ||
| Jason, I just wonder if Denver can just, in fact, you can block my face, just keep Jason up and put up the tweet. | ||
| This tweet, you have helped this audience understand real inflation. | ||
| You've got, I think, common person inflation, your new index. | ||
| And I want to explain this chart from what came out yesterday. | ||
| It doesn't even include, I guess, the PPI. | ||
| Explain what you made. | ||
| Reiterate what your inflation index is of reality, what's happening. | ||
| And then this tweet, you said, hey, Game over on the inflation debate, game over, Biden loses. | ||
| Explain all that to us, sir. | ||
| That's right. | ||
| Well, listen, what we created is what we call the common man CPI, which are things that people must buy regularly. | ||
| So it's food, it's energy, it's shelter, clothing, insurance, utilities. | ||
| It's not what the Bureau of Labor Statistics puts out there, which is core inflation, which excludes food and energy. | ||
| which of course is not particularly relevant to normal people who want to stay warm and eat, right? | ||
| That's pretty core for most people. | ||
| And so what we're doing here is we're showing this, things that people must buy, not discretionary items, | ||
| versus their wages during the Biden administration. | ||
| And what you found is that wages have trailed this inflation measure by over 6%. | ||
| People's standard of living has deteriorated 6% over the next three years. | ||
| Over the past three years, and so the numbers may be a little bit better than Wall Street expected, but it does not obscure the fact that people are having trouble with the cumulative effects of inflation that are already in place. | ||
| The level of prices has far exceeded the level of wages over the past three years. | ||
| Now Biden is sitting there and saying, well, hold it. | ||
| Anything that's any part of this is corporate greed. | ||
| And look, as you know, we're populist nationalists. | ||
| So we're the anti the big corporations from the get go. | ||
| But if you look at the PPI, the producer price index, the wholesale numbers that came out the day before, that kills his argument. | ||
| And it also means more bad news downrange. | ||
| Yeah. | ||
| Listen, we are running, Steve, we're running budget deficits that are 7% of GDP. | ||
| At something close to full employment. | ||
| We have never done that in the post-war period. | ||
| The only times we run budget deficits of this magnitude were when the unemployment rate was above 7. | ||
| Now it's below 4. | ||
| The Biden administration is using every tool possible to keep the economy out of recession before the election. | ||
| So they're using the Strategic Petroleum Reserve. | ||
| They're using something called reverse repos. | ||
| They're using the Treasury General Account. | ||
| They're doing, they have canceled student loans, employee retention tax credits, you name it. | ||
| We're spending money like it's going out of style. | ||
| To me, that is the reason why inflation is higher than people have expected. | ||
| There is no coordination between monetary policy and fiscal policy. | ||
| The Fed has raised rates meaningfully and has started to cut the size of the balance sheet. | ||
| But without any help from the federal government as far as spending is concerned, in my opinion, it sets up for another wave of high inflation later on down the road. | ||
| Also, Treasury, I mean, they're doing everything possible to make sure they have a good late summer, early fall, so they can go into the presidential election with the best economic news they possibly can get. | ||
| Are you concerned about refinancing of the debt? | ||
| Because right now, we've got to finance, I guess, a third of the $35 trillion. | ||
| And Janet Yellen, there's no tens or thirties. | ||
| She's doing everything in T-bills, right? | ||
| What kind of impact is that going to have on inflation? | ||
| So we have $34.5 trillion in debt total, about $26 trillion that's owed to the public. | ||
| And while China is issuing 30- and 50-year bonds, we're issuing most of our bonds in 91 days and less. | ||
| So a third of our debt matures in the next actually three years. | ||
| A significant portion of our debt matures 34% in the next year. | ||
| What that means is that interest expense will exceed defense spending by the end of this year. | ||
| So it's very difficult, unless the Fed starts buying treasuries again, it's going to be very difficult to get the toothpaste back in the tube as far as spending is concerned and deficit spending is concerned. | ||
| This is a very, very difficult situation for whoever the next president is. | ||
| And there's going to be the short-sightedness on the part of Janet Yellen, in my opinion, is torching her reputation as an economist. | ||
| She had a lot of respect as an economist, as Fed Chair, as Treasury Secretary, I'm sorry to say. | ||
| That she is essentially throwing caution to the wind and is really doing anything she can to get her client, President Biden, reelected. | ||
| Now, when she was Fed Chair, in fact, under Trump in his first term, she actually did quantitative tightening. | ||
| Now people might argue that was a political move to make it harder for Trump's tax cuts | ||
| and the growth, but she did do a good job of letting the air of the asset bubble that | ||
| had been created under Obama, right, to take liquidity off the Fed's balance sheet. | ||
| But now she's completely gone, I think, you know, fiscally and monetarily insane. | ||
| We just played this clip at the beginning to show the power of this audience, particularly | ||
| on this lawfare. | ||
| This audience is engaged, they're making calls. | ||
| But we've had some guys in the last couple days, people respect, right? | ||
| We've had Russ vote, we've had Chip Roy, and there's all this confusion now about the fiscal year that's gonna come that President Trump's gonna inherit. | ||
| The 2025 fiscal year that the budget has to be done by September 30th or the government shuts down. | ||
| And a lot of people are saying, well, they're trying to de-Trumpify things, what they should do is just do a CR. | ||
| Here's my point. | ||
| As I've now spent the last 48 hours, as I promised this audience, we would do due diligence. | ||
| The top-line number, the Republicans are creating a top-line number that's going to be over $7 trillion of spending and basically have baked into it at least a trillion and a half dollar deficit. | ||
| They're going to play some games to show less, but it's going to be a trillion and a half to two trillion. | ||
| Until the House of Representatives takes a stand, Because at 7% GDP, a deficit of GDP, that doesn't work. | ||
| You've got to get that below 3, don't you? | ||
| I mean, you've got to immediately try to figure out how to get it below 3. | ||
| Isn't it the responsibility of the Republican House to be the adult in the room here and force a showdown on this? | ||
| Absolutely. | ||
| Hosting the House Ways and Means Committee, that means it's their responsibility. | ||
| The bill will come due for this. | ||
| I think one of the problems with having 12 years of quantitative easing is that it has obscured the real costs Of government spending and deficit spending, not only for investors, but also for policymakers. | ||
| You might remember James Carville in 1994 said, I want to be reincarnated as the bond market because it intimidates everyone. | ||
| Right now, the Fed has, through its manipulation of prices, has made the bond market toothless. | ||
| It doesn't scare anyone. | ||
| And therefore there is a sense that there are no consequences. | ||
| for this runaway spending that we see. | ||
| The bill eventually will come due in the form of higher interest rates and higher inflation and there's almost no way of getting around that in my opinion. | ||
| The Oracle of Omaha, you know, Buffett said at the Berkshire Hathaway, he agreed, he said, look, the political class does not have the courage, the political courage to cut spending. | ||
| He says, you're going to pay for this three ways, inflation, interest rates. | ||
| And he brought up, he says, look, at some point in time, you're going to have to have a massive tax increase and that's going to fall in the middle class. | ||
| You're going to have to somehow, this is an unsustainable model. | ||
| And at some point in time, and quite frankly, the near future, we're going to have to pay the due bill. | ||
| Your thoughts and recommendations to the Republican House? | ||
| Listen, I think the one thing I would do is have a very significant supply-side response, which is there is a chance you can grow your way out of it, and that would include drill baby drill. | ||
| It would be reducing the costs of fossil fuels, which are an extremely efficient source of energy. | ||
| It would be having perhaps full expensing of capital expenditures because productivity and capital | ||
| formation can greatly aid in the growth so you can grow the numerator if you can no longer | ||
| grow the denominator, you can grow the numerator so that this is not as severe, the bill | ||
| is not as costly as it would be eventually. | ||
| But the other thing is we have to get rid of this ridiculous spending jaunt that we're | ||
| on. | ||
| It's not helping anyone. | ||
| It is hurting the working people of this country. | ||
| There is no more aggressive tax than inflation. | ||
| Wealthy people can hedge it. | ||
| They can buy all sorts of financial products provided to them by Wall Street firms to hedge | ||
| out their risks. | ||
| They have savings. | ||
| They get higher interest rates. | ||
| The average person who's just trying to get from one day to the next. | ||
| Gets hurt the most by inflation. | ||
| And right now, the political class is doing nothing, in my opinion, to address these long-term concerns. | ||
| I think I just saw you say 9%, 9.8% default on credit cards right now at $1.3 trillion. | ||
| And the reason is people are trying to gap that every month and there's 9%, 10% of your countrymen that can't do it. | ||
| Jason, thank you so much for explaining this to us. | ||
| We know everybody, including the president, takes your Take your thinking very seriously. | ||
| Where do people go to get more and where they go to? | ||
| I know you've got a fund set up to address this. | ||
| So our website is www.strategusetfs.com and my Twitter handle is at JasonTrenner underscore. | ||
| Brother, thank you so much for coming on. | ||
| Appreciate it. | ||
| Thank you, sir. | ||
| Let's go check it all out, particularly his tweet yesterday. | ||
| He said, hey, the fight against inflation is over and Biden lost. | ||
| And if you really get EJ and you get Jason, you get Scott Besant, we're going to have a couple other folks join us, I think, this afternoon to go through this. | ||
| Look at the real numbers. | ||
| You understand exactly what's happened here and you understand you're being lied to. | ||
| This is why it's incumbent, just like fighting lawfare. | ||
| You've got to fight the spending. | ||
| It is the cruelest tax, the most regressive tax. | ||
| It's destroying, it's hollowing out the middle class. | ||
| It's only going to get worse. | ||
| Until we stop, federal spending is a curse, not a blessing. | ||
| This federal, these federal deficits are a curse. | ||
| Check it out. | ||
| Go, End of the Dollar Empire will explain it all to you. | ||
| Totally free. | ||
| Birchgold.com slash banning. | ||
| Get it today. | ||
| Download it today. | ||
| And then holding his supporters who voted for him once, twice, and are thinking about it again. | ||
| They certainly nominated him a third time in our hands and trusting them not to bite it. | ||
| I mean, how do you do that? | ||
|
unidentified
|
Look, I am, um, I am a well-known Democrat and I welcome every Republican and independent who wants to join the coalition to protect American democracy by voting for Joe Biden. | |
| This is not the time to settle scores. | ||
| This is not the time to have petty debates between Americans. | ||
| This is a time when democracy is at stake, and all hands are welcome in the fight to protect democracy. | ||
| You know, Nicole, I was thinking about this because you recently had a precious new baby. | ||
| And 20 and 25 years from now, they will ask you not what the price of gas was, Not what was going on with some television show or some cultural moment. | ||
| They will ask you what you did when democracy was at stake. | ||
| Your grandchildren will ask you 50 years from now, what did you do when democracy was at stake? | ||
| And that's a question that all of us will have to answer. | ||
| And everyone who is willing to answer that question by saying that at this moment in time, at this need, that they stood up against Donald Trump, Everyone who was part of that will be celebrated, and everyone who was on the other side will be condemned. | ||
| That, I am sure, will be condemned. | ||
| Let me suck on this. | ||
| The polling shows that independents who are kind of a proxy for the American people, because | ||
| both parties are obviously quite partisan now, that they by 11%, brother, think that | ||
| Donald Trump's a better custodian of our democracy than Joe Biden. | ||
| You saw it again today. | ||
| Mike Davis, the last time we had a regime get this panicked about something was Eric | ||
| Holder when, when in the, was fast and furious, right? | ||
| The gun walking. | ||
| When he was going up to Capitol Hill in his town car from Justice, Obama came out and | ||
| exerted executive privilege to protect him. | ||
| This morning you had the exact same thing. | ||
| Did you not? | ||
| A panic? | ||
| Because this audience is on top of people, you had a criminal contempt markup in judiciary | ||
| this morning. | ||
| It's going on right now. | ||
| We're going to cut back to the top of the hour. | ||
| And tonight, by oversight, when I think the 15 House members actually get back from New | ||
| York City where they're supporting President Trump today on Michael Cohen's second day | ||
| in the hot box. | ||
| Mike Davis. | ||
| Yeah, and this is much worse what Merrick Garland is doing now than what Eric Holder did with Fast and Furious, which was bad enough. | ||
| What Merrick Garland is doing now, he's trying to cover up the facts that Merrick Garland personally authorized The espionage prosecution against President Trump for the non-espionage of a former president, having his presidential records in the office of former president, which is allowed by the Presidential Records Act. | ||
| That's why Congress funds the office of the former president with federally funded staff, with security clearances, with secure office space, with 24-7, 365, secret service protection, at the same time that Merrick Garland is having Jack Smith go after Trump for espionage, for non-espionage. | ||
| Merrick Garland has protected his boss, Joe Biden. | ||
| Joe Biden had several stashes of stolen classified records from his time as vice president, | ||
| even as senator, unguarded for years, moved several times, accessible by this Chinese agent | ||
| that Joe Biden and Hunter Biden had on their payrolls, almost certainly used by Hunter Biden to secure | ||
| corrupt foreign funding, including from Ukraine. | ||
| And even Joe Biden admits that Joe Biden shared these highly classified materials with his ghostwriter for a book. | ||
| For which Joe Biden got an $8 million advance. | ||
| And this is on an audio tape by Biden's special counsel, Robert Herr. | ||
| Robert Herr, through Garland's, declined to prosecute Biden, even though it's just absolutely espionage. | ||
| And it put our national security in grave risk. | ||
| President Trump had presidential records in a secure office of former president. | ||
| Joe Biden's shared our most classified secrets with his ghostwriter for the purposes of | ||
| getting those secrets out there to the public so Joe Biden could sell his book. | ||
| And Merrick Garland is trying to cover this up. | ||
| Merrick Garland is trying to cover up for his boss to protect his boss in an election year | ||
| while they're prosecuting President Trump, his boss's political rival in an election year. | ||
| This is absolutely contemptible what Garland has done. | ||
| It is impeachable what Garland is doing. | ||
| It is actually criminal what Garland is doing. | ||
| This is part of a criminal conspiracy. | ||
| And again, these House Republicans, I commend them for what they're doing today. | ||
| Keep going. | ||
| Pedal to the metal. | ||
| This is our national security at risk. | ||
| Where is the intel assessment? | ||
| They came up with the bogus intel assessments for records that never leaked in Mar-a-Lago until the Biden Justice Department went and raided Mar-a-Lago. | ||
| Where's the intel assessment on Biden's damage to our national security? | ||
| Davis, real quickly, Mike, this letter that was sent by Jordan, that'll be blown off. | ||
| This is on Kalanchoe. | ||
| More information, I think, on that. | ||
| Is your recommendation they follow immediately when they get blown off on this on a subpoena? | ||
| Let's get rolling on this. | ||
| My recommendation is skip the strongly worded letters and issue subpoenas immediately. | ||
| You can negotiate from a position of strength. | ||
| When I was a litigator in private practice, when I wanted documents, I didn't send emails and letters and beg and ask I sent subpoenas. | ||
| Congress has more power than a private attorney, right? | ||
| Send subpoenas, get the damn documents, get the people in chairs for staff depositions, get them in public hearing rooms under the bright lights for public hearings, and if they try to object, move for contempt. | ||
| And if you can't move for contempt right now because House Republicans don't have the votes, | ||
|
unidentified
|
Yeah. | |
| then have it ready to go for January 20th, 2025, when the Trump 47 Justice Department | ||
| is back in office. | ||
| And then the Trump 47 Justice Department can prosecute this contempt under 2 U.S.C. 192. | ||
| Let's have some unmasking. | ||
| Let's see what Republicans, and let's see, it's a tough vote for Democrats. | ||
| This is a big-time tough vote for Democrats. | ||
| A lot of them. | ||
| In these swing districts, people want to get to the bottom of this thing. | ||
| They think it's outrageous what's happening. | ||
| Mike Davis, Article 3, particularly your Action Center, where do people go? | ||
| Article3project.org, article number 3project.org, you can donate there and take action, including what Merrick Garland was talking about today, defunding this law for the first action item. | ||
| Do that today at article3project on Gitter, Twitter, Truth. | ||
| And my personal is at MRDDMIA. | ||
| And thank you to the War Room Posse. | ||
| You guys are putting points on the board as evidenced by Merrick Garland's whining press conference today when he's peeing down his leg. | ||
| Points on the board. | ||
| Thank you, sir. | ||
| We're getting scalps and getting points. | ||
| Pressure, pressure, pressure. | ||
| Warpath.coffee, get ready for Hour 2. | ||
| Get a big ol' pot of it right now. | ||
| Warpath.coffee.com. | ||
| Get your discount. | ||
| Back in 90 seconds. |
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