July 24, 2024 - Bannon's War Room
51:52
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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We need to brace ourselves for what's coming because Donald Trump is still Donald Trump. | |
| For the last eight years, he has used invective and personal attack against his opponents. | ||
| He firmly believes that that sort of cruel rhetoric actually works for him and helps him. | ||
| So there is going to be a cataract, a tsunami of Negativity heading toward Kamala Harris. | ||
| The question will be, number one, how she responds, but also it's kind of a test. | ||
| Donald Trump believes the American people, the voters, will like it, that there won't be a backlash. | ||
| And we're about to find out whether he's right about that still. | ||
| Yeah, I mean, Charlie, let me just push back. | ||
| I don't think it's about how she responds. | ||
| I think it's about how we respond. | ||
| And I think when the Republicans start, there will be macro and micro aggressions. | ||
| There will be overt racist attacks, and there will be sort of subliminal racist attacks. | ||
|
unidentified
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She is overqualified to be president of these United States. | |
| She sat in the United States Senate on the intelligence and homeland security. | ||
| She's traveled the globe. | ||
| She is the woman who has the receipt and has been in the best position to go after Donald | ||
| Trump and to defend the values that we hold so dear. | ||
| Because this is one of the key tests that Americans are going to judge her on between | ||
| now and when the voting starts, Joy, as to whether or not they're going to trust her | ||
| with being a potential president of the United States. | ||
| There are three factors that have to go into play on this. | ||
| Number one, is the person chosen ready to be president in the event that anything happens? | ||
| And I know that is paramount for Vice President Harris. | ||
| She knows better than anybody on the planet how critical making that type of a choice is. | ||
| Second is, is this person going to help me get to 270 electoral votes? | ||
| Because that's all that matters. | ||
| They don't win the election, democracy is lost, and dictatorship is upon us. | ||
| So that political calculus is going to be paramount in the thinking. | ||
| Third and most important, maybe the most underrated part of the vice presidential selection process, Joy, is chemistry. | ||
| You have to have someone that you feel comfortable that you can partner with and have a relationship. | ||
| Why? | ||
| If that is not real and if it's forced, The American voters will sense that. | ||
| It will come across during the campaign. | ||
| It's got to be a good chemistry fit. | ||
| The good news for Vice President Harris? | ||
| I think she has an embarrassment of riches through which to choose from. | ||
| All of the names that you put up there earlier on the graphic are folks that she knows, that she trusts. | ||
| If Vice President Kamala Harris wins the election, do you think that will be an honest result? | ||
| votes and segments of the votes that's going to get Democrats to 270. | ||
| Because if it's not about 270, it doesn't matter. | ||
| If Vice President Kamala Harris wins the election, do you think that will be an honest result? | ||
| No. No one respects her. | ||
| First of all, her record in 2020 when she ran, she wouldn't talk about who she really was, which was she was an effective prosecutor, an effective attorney general, consumer advocate, and a senator. | ||
| So she couldn't be herself because idiots in the Democratic Party decided you couldn't talk about being an effective prosecutor. | ||
| That is no longer the case. | ||
| But her big asset is she was a consumer advocate. | ||
| She can go after these companies for price fixing and price gouging. | ||
| And that's what I hope she goes around and goes around the country and does events like that to say, I'm on the side of the consumer. | ||
| I know these companies are talking to each other. | ||
| I know they're fixing prices to take advantage of you, the consumer, and I'm going to fight for you. | ||
| I would love to see that. | ||
| I'd love to see her be the people's lawyer as president. | ||
| I think Democratic culture has too many preachy females. | ||
| It's too much, don't eat hamburgers, don't watch football, wear a condom. | ||
| Like, man, leave me alone, you okay? | ||
| I got a goddamn life to lead. | ||
| You know, a guy works at a tire repair shop in suburban Atlanta. | ||
| He's working 50 hours a week, you know, making $16.50 an hour, and he wants to watch the football game. | ||
| He wants to smoke dope and drink beer. | ||
| And then everybody's telling him he's slothful and they reject that. | ||
| And, you know, I just think some of it is, it is cosmopolitan condensation, if you will. | ||
| Like you need to lead the kind of life we lead, not the kind of life you lead. | ||
| It pisses people off. | ||
| This is the primal scream of a dying regime. | ||
|
unidentified
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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. | ||
|
unidentified
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The people have had a belly full of it. | |
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room, here's your host, Stephen K. Bannon. | |
| Dave Brat, welcome to the War Room, sitting in with Stephen K. Bannon, the hero of this show, | ||
| always sees around the corner, years ahead of time, as he always says, there are decades when | ||
| nothing happens and there are weeks of when decades happen. This is one of those weeks, this show, | ||
| a decade's going to happen. | ||
| When you see the coverage we have, the opening, the cold open there was just unbelievable. | ||
| Carville going off on Kamala Harris is going to care about consumer prices. We got 20, | ||
| 30 percent inflation over the past four or five years that they caused. | ||
| That's the that's the prices. | ||
| This morning, before we get there, we got some great guests teed up, but I just have to go over some of the what we're not covering. | ||
| We're covering the politics right now because it's just thick and wall to wall. | ||
| Netanyahu today, Ray's got a committee meeting, but the rest of the world is still there. | ||
| And Steve Bannon would always have us go back to the fundamentals on this show. | ||
| China is in disarray. | ||
| They have $13 trillion in local regional debt. | ||
| $13 trillion. | ||
| Xi's given Marxist lingo again. | ||
| Old, tired stuff. | ||
| Manufacturing. | ||
| There's going to be a slowdown. | ||
| Our US markets are flat. | ||
| At best, I'm not going to go out on a limb there, but I'm just saying they're getting horizontal. | ||
| The economic growth, the underlying real economy is not there, like Peter Navarro and I have been sharing for four years. | ||
| There's bad news ahead. | ||
| Jake Sherman today, you know, comes out punchbowl. | ||
| Hey, did you see the Republicans aren't following regular order in the budget process? | ||
| I'm like, come on, Jake, come on. | ||
| And Mick Mulvaney, old chief of staff, my good friend in the Freedom Caucus, has a funny article on the Hill. | ||
| Kamala Harris promises a balanced budget, right? | ||
| And his opening line is, just kidding, right? | ||
| So Jake Sherman, Punchbowl, and The Hill, and Politico, and all of them, total fails, right? | ||
| They're just, they're typists and scribes. | ||
| They don't report. | ||
| Jake, and all you guys up there on The Hill, did you miss the $2 trillion deficits coming out of the Biden-Harris administration for the last years, $2 trillion per year. | ||
| Did you miss the $1 trillion in interest payments? Did you miss debt now, total debt bigger | ||
| than World War II, without World War II? Although we are in four wars, the debt's | ||
| going to be $50 trillion by the end of this budget cycle? | ||
| None of this reported. | ||
| The Democrats, nothing on spending, nothing on the border is reported. | ||
| So I just wanted to bring up to speed a few of those. | ||
| We got Rickards coming up. | ||
| He's going to be great. | ||
| But first, we have our hero in the House, Congressman Eli Crane is with us. | ||
| And, you know, it's like Russiagate and 51 intelligence officers and corruption run amok for years, and we just get used to it. | ||
| There's been an assassination attempt on a former president of the United States. | ||
| A 20-year-old gets up on a roof with a rifle and a ladder and nothing to see here. | ||
| And so Eli's been out there telling the truth. | ||
| We don't go down any rabbit holes on the War Room. | ||
| We always have the receipts. | ||
| And so, Congressman Eli Crane, welcome to the War Room. | ||
| Great to have you on, brother, and thanks for all the work you do across the board. | ||
| But first, the posse's interested in this story, and you're the leading guy to talk about it. | ||
| Welcome. | ||
|
unidentified
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Thanks, Mr. Brad. | |
| Appreciate you having me on. | ||
| Yeah, you bet. | ||
| Hey, just lead us. | ||
| What's the latest news and evidence and receipts on this assassin? | ||
| The average person just doesn't buy it, right? | ||
| And I go back to the JFK Warren Commission. | ||
| The former head of the CIA is put on the Warren Commission. | ||
| And you go back, then there had to be a second Warren Commission. | ||
| No one even knows this. | ||
| The American people don't like looking at pain and feeling pain. | ||
| We don't talk about COVID anymore because it was too much pain. | ||
| And so you're one of the rare few that have your eyes wide open. | ||
| What are you seeing, brother? | ||
| What are you seeing out there? | ||
|
unidentified
|
Well, I think it's first that we go back and start even before the assassination attempt, right? | |
| And it's one of the reasons that people just aren't buying it. | ||
| And, you know, they're not just buying the surface narrative, you know, of this 20, 20 year old kid. | ||
| And that doesn't mean, Dave, that I'm quick to jump to and buy into every conspiracy theorist, you know, out there and every conspiracy out there. | ||
| But we got to look back on the fact that many of us have been, and Steve, you know, the champion of this show and one of the biggest champions in the movement, you know, who's behind bars right now as a political prisoner. | ||
| He's been calling this out for months that, you know, they were going to try and assassinate Trump. | ||
| You know, one of the things I talked about in the Homeland Security Committee yesterday was Robert Kagan's article that From the Washington Post that Steve continually brought up and how, you know, that whole article was an attempt to justify, you know, why an assassination on former President Donald Trump, you know, was rational, justified and needed. | ||
| And so you look at that, you look at how many times the Democrats and the mainstream media tried to portray Donald Trump as Caesar or Hitler. | ||
| Um, right. | ||
| You look at the fact that they, how many times they tried to impeach him, you know, with completely drummed up, uh, narratives and, uh, cases against him. | ||
| You look at the fact, um, you know, after that they tried to bankrupt him and destroy his companies. | ||
| And then you look at the fact that they tried to put him in jail for 750 years because they knew they couldn't beat him fair and square. | ||
| So we're not, we can't forget all that before we even start looking at the facts of this case. | ||
| And that's what I've been doing this last week. | ||
| The Homeland Security Committee, several members went up to Butler, Pennsylvania. | ||
| The first thing I noticed when getting out of the SUV, Dave, was, you know, and I don't think you need to be a SEAL sniper to see the obvious, but there was this massive water tower that, you know, completely towered over the entire, you know, facilities, the entire parade grounds that, you know, the rally was held on. | ||
| And, uh, as I, the first thing I thought was, I wonder if there was any, uh, counter sniper teams up there. | ||
| And as we started walking the grounds, we went over to the, uh, buildings in question, the, the rooftop where the shooter was at, you know, I just kept, you know, noticing this big water tower, um, that was right above us. | ||
| When I got up on that roof that the director of secret service said could, they couldn't put counter snipers on because it was too slope, too steep. | ||
| And we walked right up that thing, no problem, Dave. | ||
| And a 70-year-old man, member of the Homeland Security Committee, Jimenez from Florida, walked up right behind me and had his phone in his hand, taking a video while doing it. | ||
| That's how easy it was to walk up that roof. | ||
| So we completely debunked that theory right off the bat. | ||
| And then I looked up and behind me is this, once again, this water tower that had 360-degree coverage. | ||
| Over most of that venue, there was a 160-yard shot. | ||
| So again, if Secret Service would have put their counter sniper teams on that water tower, Dave, not only would this young man Have not been able to, you know, crawl up that roof, get to the apex and take seven or eight shots at the former president. | ||
| He wouldn't have even made it close to that roof because of the vantage point that that water tower gave. | ||
| So I want to know who gave the orders and who placed the counter-sniper teams. | ||
| That's one of the things that we got to get to the bottom of. | ||
| But then I noticed this other building right behind the roof where the shooter supposedly took his shots. | ||
| You had and the business owner let us into that building and said that law enforcement and Secret Service had full access to that building and showed us even where he thought they had positioned themselves in 2 offices that had because of their air conditioning. | ||
| And so I, myself and others, took video from outside that window that's, you know, gone viral this week to show everybody that the coverage from that second story floor and window had complete coverage over the roof that the shooter was on. | ||
| It was such an easy, you know, it would have been so easy for anybody looking out that window to dispatch the shooter. | ||
| I mean, they could have easily done it with a handgun. | ||
| Those are some of the things that I noticed as soon as I got there. | ||
| We've got a lot of questions that need answering. | ||
| Good. | ||
| Good. | ||
| Yeah, thanks, Congressman Eli Crane. | ||
| We'll hold you over the break for a couple other questions. | ||
| On the other side, Netanyahu coming to town, Wray hearings today. | ||
| You and some of the Friends Freedom Caucus guys out asking, can the president do his job? | ||
| There's supposed information from his brother talking about serious health issues. | ||
| And so stick with us in the War Room back in two minutes. | ||
|
unidentified
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Here's your host, Stephen K. Bannon. | |
| Back in the war room, Dave Brat sitting in with Stephen K. | ||
| Bannon and our guest congressman Eli Crane, superhero in the House of Representatives. | ||
| I forgot to open the show in the name of the Father, Son, and Holy Spirit out of respect | ||
| for Stephen K. Bannon, a great hero. | ||
| The armor of God is with him. | ||
| Keep him in your prayers. | ||
| Eli, in closing, we're going to Eric Prince on this story as well. | ||
| Anything else you want to bring to our attention in a minute or so and folks, how to reach | ||
| you? | ||
|
unidentified
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No, I'm glad you guys got Eric Prince on the show. | |
| I mean, I feel so bad for taking time away from that guy. | ||
| I know he's got a bunch of great ideas. | ||
| And the last thing I want to say is we do have a resolution that myself and Congressman Andy Biggs have sponsored. | ||
| And it's DHS to turn over all documentation, all communications, etc. | ||
| as we continue our oversight and investigation. | ||
| So we're going to continue to work this thing from our angle. | ||
| But, you know, I know there's a lot of great folks out there that are dedicated and have a bunch of great ideas like making sure this never happens. | ||
| And so thank you very much guys for letting me come on the show. | ||
| I appreciate it. | ||
| You bet. | ||
| Thank you, Eli. | ||
| Congressman Crane, everybody loves you on The War Room. | ||
| It's hard when you're up there. | ||
| Biggs and I are good friends, and it's tough. | ||
| But the American people love you. | ||
| We just want to enforce that to keep your energy going, keep fighting for all of us. | ||
| God bless you, brother. | ||
| Thank you. | ||
|
unidentified
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Thank you, brother. | |
| Appreciate it. | ||
| You bet, you bet. | ||
| All right, honored to have Eric Prince on, a fellow brother from Western Michigan and probably one of the leading experts in these type of issues when it comes to national security, personal security protection. | ||
| Eric, I don't know whether you got to hear Congressman Eli Crane there, but can you bring us up to speed The American people are very frustrated. | ||
| They're skeptical. | ||
| They don't think they're getting the real story. | ||
| Steve Bannon always likes to have the receipts before you proceed. | ||
| We're not jumping down any rabbit holes. | ||
| But on the other hand, we're not stupid. | ||
| The war room and the posse are sick of being fooled and lied to for decades. | ||
| And so you're the man to clear it up. | ||
| Eric Prince, what do you got for us? | ||
|
unidentified
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Well, look, a big shout out to Eli Crane. | |
| It's great to see a capable, brave frogman in Congress standing tall. | ||
| We need a lot more of them from all the branches, people that have put skin in the game to serve their country versus the elites that do nothing but take. | ||
| Look, I think Like he said, the amount of AI, the amount of other nonsense that's being thrown to almost confuse and obfuscate is high risk of that right now. | ||
| I think the only way this gets solved in terms of finding out what happened, who did what, where, is a public interview process with a panel of experts. | ||
| If Congress could do it under their subpoena power to get a few credible former Secret Service agents Uh, and a few professional sniper types predators that really understand, uh, the hunting from, uh, from an assassin's point of view to, to walk through interview. | ||
| I don't think we can have confidence in the FBI doing these kinds of investigations anymore. | ||
| They just become too political, too politically compromised. | ||
| Uh, there's a lot of noise about a second and a third shooter. | ||
| I don't believe that. | ||
| If it was a second and third shooter, then they're truly incompetent because they all missed their actual mark, which was to kill Donald Trump. | ||
| Also, I saw a noise about an FBI email address assigned to the shooter back in 2020. | ||
| I'm not believing that either. | ||
| It's not a 21 Jump Street. | ||
| He wasn't getting recruited by the FBI when he was 16. | ||
| So one must be careful about what sees comes across what comes through the internet. | ||
| But what we did see with our with our unlying eyes is an absolute it's it's a microcosm of the failure of federal government leadership of these institutions of this woman cheatle on Monday in front of Congress. | ||
| Not answering the questions, not taking ownership for any of it, saying, yes, we screwed up and this is what I'm doing to fix it to do better. | ||
| It was none of that. | ||
| And the fact that's come out now is that there were four poststanders, four Secret Service agents able to be deployed in that protection detail. | ||
| I think there was only one full-time Secret Service agent actually in the protective detail immediately around Trump. | ||
| And Joe Biden had 12 poststanders At an event she was doing, an inside event she was doing in Pittsburgh the same afternoon. | ||
| So Jill Biden took 12 poststanders, they gave four to Trump. | ||
| And this is Jill Biden, who has no constitutional or statutory authority, no actual... She's clearly not campaigning. | ||
| And this is the same Jill Biden that got the Marine Band After almost 250 years, the Marine Band plays Hail to the Chief. | ||
| When the President arrives, Jill Biden decided she needed her own walk-on music, and she had the Marine Band create their own music for the First Lady, for her. | ||
| Unreal. | ||
| So this is a woman with a will to power, and I think that further pointed to why that near-miss, near-disaster happened. | ||
| Look, there's a lot of people calling for a private solution. | ||
| That's exceedingly difficult to try to integrate in with a federal organization because the private guys will always get screwed, 100% of the time. | ||
| But if there was going to be private support done, I would say put it in the advanced side so that you have five professionals that are looking at this from a predator's perspective as how would they hunt? | ||
| How would they attack the president, Donald Trump? | ||
| In these outdoor venues. | ||
| Also very sad to see the Secret Service requesting the Trump campaign no longer does outdoor venues, outdoor rallies. | ||
| Yeah. | ||
|
unidentified
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I mean, that's that's one of his signature events. | |
| And so, yeah, incompetence at the at the federal level at the DHS level. | ||
| You could also call that campaign influence. | ||
| So it's it's ridiculous. | ||
| It's disgusting. | ||
| Elections have to have consequences. | ||
| And I think this is just a tip of the iceberg of everything across the entire federal government in every federal agency. | ||
| This is the kind of people you see. | ||
| That is the key, the lack of consequences and the lack of power brought to bear from the House of Representatives on a host of issues over the years. | ||
| Yesterday we had Mike Benz on, on the corruption of DHS. | ||
| And DHS is over the Secret Service. | ||
| The corruption of DHS was brought to bear in changing code in the law that lets them kind of be the FBI inward-facing group that goes after Americans, right? | ||
| The CIA is supposed to be all external. | ||
| No intelligence gathering on American citizens. | ||
| The FBI, they couldn't do it because it looks bad. | ||
| They put DHS in. | ||
| And so just going back up through the kind of the architecture of our government, you go back to the JFK assassination, the Warren Commission had the former CIA director on that commission. | ||
| It was so unbelievable and so poorly put together. | ||
| that they had to have a second Warren Commission. | ||
| And so maybe just a minute from you on these institutions and what we need to do to fix DC and the fourth branch of | ||
| government, these three letters, so this can never happen again. | ||
|
unidentified
|
Well, and even when Congress in 1992 passes a law stating that in 25 years | |
| all documents relating to the Kennedy assassination have to be released. That comes out to 2017. | ||
| Mike Pompeo, director of CIA, blocks the release of those documents. | ||
| I have a huge problem with that. | ||
| I don't care what those documents say. | ||
| If they claim that aliens did it, I don't care. | ||
| Release it. | ||
| It is only the disinfectant effect of transparency do we actually start to get a government we have confidence in again. | ||
| Otherwise, we're just, this is full Soviet. | ||
| This is where we're just we're dealing with a truly a post constitutional order. | ||
| So there has to be actual accountability. | ||
| This is actually making the case for a removal of civil service laws of civil service protections that all bureaucrats can be fired for any reason. | ||
| Because if you cannot, if elections have consequences, they have to have consequences across the rest of government. | ||
| You can't have a truly permanent state for fourth branch of government that is elected by no one, | ||
| accountable to no one, that has unbelievable authority over our lives. | ||
| The Chevron decision by the Supreme Court is a tiny first step in that, but man, the | ||
| next president needs to carry that ball and run with it down the field. | ||
| Yep. | ||
| Eric Prince, thanks for sharing your time. | ||
| A lot of people in the war room love you, respect you. | ||
| You've been clear, concise, rational. | ||
| You always bring the receipts, and so thanks for being with us, brother. | ||
| Thanks for all you do for this country. | ||
| If you want to give a last-minute shout-out, you know, Steve always wants action, action, action. | ||
| What, based on what you've said, or Or in addition to that, what can we do? | ||
| Give a shout out to the people listening. | ||
| What can they do to make a difference in their own government right now? | ||
| All right, I think we lost Eric Prince. | ||
| Let's cut to Director Wray of the FBI right here. | ||
| I think we got him still going live under testimony. | ||
| We'll just take a minute or two. | ||
| I just want to showcase what is going on on the Hill today. | ||
|
unidentified
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the different investigations that are going on. | |
| So, certainly I understand the... | ||
| Well, and I, given that I've only got three minutes left, and I know other members, I'm really interested, | ||
| because I appreciate your invitation. | ||
| You said you're prepared to disclose things as questions are asked. | ||
| So I don't want to waste time, sort of, I just want to get to the questions that might, | ||
| and as many members as can, ask questions that you'll answer. | ||
| I actually think you, I'd be glad for you to go on soliloquy, frankly, | ||
| and tell us what you know. | ||
| I think the American people want to know. | ||
| Why was President Trump not kept off the stage? | ||
| We don't know the answer to that, but I want to be clear, and this is important, | ||
| because I think it goes to questions that I can and cannot answer. | ||
| Our investigation, the FBI's mandate, is focused on the shooter and all things related to his attack. | ||
| Now, obviously, I understand very much the intense interest and focus on the Secret Service's performance, actions, decision-making, etc. | ||
| There are two separate After action reviews, the DHS Inspector General and the outside independent panel have been convened that are focused on that. | ||
| Now our investigation will obviously overlap with that. | ||
| Here's the problem. | ||
| We're out 13 days, and you say we've been disclosing. | ||
| You know, we had the director, the colonel from the Pennsylvania State Police in front of Homeland yesterday. | ||
| He was quite candid. | ||
| He disclosed to us that Butler emergency services unit personnel were posted into the windows on the second floor of the AGR building. | ||
| That they left there to go pursue the person that they spotted, Crooks. | ||
| That they texted a photo of Crooks to the PSP representative in the command center. | ||
| That information was relayed to the United States Secret Service. | ||
| They asked that it be texted to someone else. | ||
| That was many minutes before President Trump took the stand. | ||
| What we don't know is why did he not, why did he, why were they not keeping him off the stand? | ||
| And to the extent, you know, I know we always hear when there's a criminal investigation, you got to wait for that to develop, but the, do you have any reason to, are you, do you have any other target of your criminal investigation other than Crooks, who's dead? | ||
| We are investigating the shooter both to determine his motive and his preparations and activities before the shooting, but also to make sure whether or not there are any co-conspirators, accomplices. | ||
| At this point, have you developed any evidence to so suggest | ||
| that there are any accomplices or co-operators or assisters? | ||
| Not at this time, but again, the investigation is ongoing. | ||
| So here's the thing. | ||
| While we wait, maybe for months, And I hate to say this, I'm not trying to take a pot shot, but the country went for years with the understanding that the Hunter Biden laptop was Russian disinformation. | ||
| It was offered by respected former intel officials. | ||
| And the whole time the FBI had the laptop. | ||
| And then let that happen in public until finally offering testimony in a case. | ||
| To the degree we wait to hear, as a country and as a Congress, what has happened in this event, because the FBI is conducting an investigation, it provides quarter for the U.S. | ||
| Secret Service not, perhaps, to reckon with the problems that are obvious to everyone. | ||
| So, let's get a couple in while I've got 13 more seconds. | ||
| One more question, perhaps. | ||
| Senator Grassley says that the records of the day show that there was a counter unmanned aerial surveillance operator. | ||
| You just heard it. | ||
| Eric Prince, Eli Crane, now Congress Holden raised feet to the fire. | ||
| The three-letter agencies are in the news every day in a holding pattern. | ||
| And the story you heard right there is just key, right? | ||
| The Russiagate, Russiagate, Russiagate had profound impact on elections. | ||
| 51 of our top intelligence officers signed a letter saying it was true when they knowingly knew it was false. | ||
| No repercussions, no discipline, no consequences brought to anyone in the three-letter agencies, right? | ||
| National security and double government. | ||
| Check that out. | ||
| There's 100 pages of evidence and footnotes on that relationship. | ||
| But the congressman there was spot on. | ||
| We're going to ride this out. | ||
| The FBI, CIA, DHS deflect. | ||
| We've got an expert in the house, Josh Hammers, with us. | ||
| I'm sure he'll give some commentary on here. | ||
| But Josh, why don't you give us your view of what's going on on the Hill today? | ||
| Netanyahu's coming. | ||
| Any other breaking news you got? | ||
| Welcome to the War Room, Josh. | ||
| Glad to have you with us. | ||
| Yeah, Dave, you're a great patriot. | ||
| Thanks, as always, for filling in for Steve. | ||
| Look, I'm actually in D.C. | ||
| I normally live in Florida, but I'm here for a couple speaking events this week. | ||
| I mean, this place is an absolute madhouse because of Prime Minister Netanyahu in town. | ||
| I mean, you know, I'm probably not going to leave my hotel, to be honest with you. | ||
| It's kind of just one of those weeks where every other road is just totally shut down here. | ||
| Look, I mean, a lot of attention is clearly today on Prime Minister Netanyahu's speech to Congress, and it comes at a less than ideal time, I think would be a charitable way of saying it, because the American people's attention is obviously on everything happening here domestically. | ||
| I mean, Dave, as you and I both know, we are in the midst of probably an unprecedented series of news cycles, not just in my lifetime, but in the past Yeah. | ||
| century of American history. I mean, ever since that CNN debate on June 27th, it has | ||
| just been like one bombshell thing after the other. I mean, we got the Secret Service. | ||
| We have Biden dropping out. We have Kamala, the near assassination. I mean, it's impossible | ||
| to keep up at this point. But, you know, having said that and kind of just focusing on what | ||
| I think is the big story of the day here in D.C. today, which obviously is the prime minister's | ||
| speech to Congress, he's going to have to try to cut through that fog, because from | ||
| Israel's perspective and the U.S. | ||
| perspective, this relationship obviously is currently shaky. | ||
| The Biden administration, Biden-Harris, they have not been reliable supporters of Israel. | ||
| They have not stood by Israel during this war effort as a U.S. | ||
| administration should. | ||
| The Democratic Party has been pretty openly and explicitly veering off in a very far-left, very anti-Zionist, pro-Palestinian, dare I say even pro-Hamas direction. | ||
| And this is a golden opportunity, I think, for Prime Minister Netanyahu, who has given a number of these speeches over the years. | ||
| I think, actually, with today's speech, he actually is surpassing today Winston Churchill for the most speeches by any foreign leader, which is pretty crazy at the U.S. | ||
| Congress. | ||
| So he has the opportunity here to really seize the moment and to remind Americans why this relationship matters and why the next president, God willing, it will be Donald Trump, not Kamala Harris, but why the next president has a Yeah, thanks, Josh. | ||
| I think that does capture the signal, not the noise. | ||
| We've been paying a lot of attention to the horse race and the politics, etc. | ||
| Give me a little bit on your take on this politics. | ||
| All political views are just my own. | ||
| But it's very interesting when you read the headlines from all the papers, right? | ||
| The New York Times, the Washington Post, all the Hill Rags, everything. | ||
| It's all, you know, Kamala is a superhero and all this kind of thing. | ||
| But then when you look at some of the receipts, right, the lines for talks when she's out | ||
| meeting with people in various cities, they're small. | ||
| The evidence doesn't seem to show that. | ||
| So you get the honeymoon and then some articles are talking about when does the hangover come. | ||
| Based on your professional view, what's going on there? | ||
| How strong is this going to be? | ||
| Is this going to pan out for real with Kamala? | ||
| Why is Obama still in the background, etc.? ? | ||
| Well, I definitely think that she's the nominee. | ||
| I mean, I would be just absolutely flabbergasted if she is not. | ||
| I mean, they're obviously not going to leapfrog her for, you know, a white man like Gavin Newsom. | ||
| That's not how that intersectional identity politics party works. | ||
| It's the party, obviously, that selected Katonji Brown-Jackson to be a Supreme Court justice two and a half years ago, explicitly because she is a black woman. | ||
| So, you know, the idea that they would surpass or leapfrog Kamala Harris for anyone other than maybe Michelle Obama, Who apparently does not want the job. | ||
| It's not going to happen. | ||
| So Kamala Harris is going to be the nominee. | ||
| Dave, look, I think the Democrats are going to regret this decision. | ||
| I genuinely do. | ||
| I think even from their perspective on their own terms, they would have been better off trying to limp across the finish line with the wounded dog, the octogenarian Joe Biden from Delaware, rather than change horses midstream like this. | ||
| Kamala Harris, the American people know her. | ||
| She's not popular. | ||
| She has an average in the 538 approval ratings of about 38.5%, which is very similar to Joe Biden's ratings. | ||
| ended before Iowa. | ||
| She has an average in the 538 approval ratings of about 38 and a half percent, | ||
| which is very similar to Joe Biden's ratings. | ||
| Last year, NBC News actually ranked the best and worst vice presidents of all time. | ||
| They ranked Kamala Harris the single worst vice president of all time | ||
| because of her manifest failures in the very few as it is duties | ||
| with which she has been assigned already. | ||
| So the American people know her. | ||
| They know her record. | ||
| There's a great new ad out, by the way, by Dave McCormick, the Republican Senate candidate in Pennsylvania. | ||
| Blistering, blistering ad. | ||
| 90 Seconds would encourage the War Room Posse to check out if you haven't seen it. | ||
| Just goes one by one through all the issues. | ||
| She's coming out in favor of a full national ban on fracking, a full ban on offshore drilling. | ||
| She wants the Green New Deal. | ||
| She wants to defund the police. | ||
| I mean, she's basically just an avatar of far-left, crazy, woke garbage. | ||
| That's essentially who she is as a political animal. | ||
| So I really think Democrats are going to regret this one. | ||
| I think Joe Biden, not Kamala Harris, would have been the better option to try to win maybe a Michigan or Wisconsin. | ||
| But hey, you know, from a Republican, conservative, MAGA Trump perspective, I think I'm pretty happy about it, honestly. | ||
| Yeah, I know. | ||
| Hey, on a very serious note, you know, I go into this turf with a little trepidation, but both sides, the country has come to the point where both sides are scared. | ||
| The left is running on this Trump's a fascist thing and democracy's at stake. | ||
| DHS has redefined the very term democracy to mean not the people anymore, but the processes and the institutions. | ||
| And we had Mike Benz on that with the receipts yesterday. | ||
| And so on the left right now, if they lose, I agree with your analysis, by the way, they would have been better off limping through. | ||
| But now they are dug in, right? | ||
| You've got the FBI, the CIA, the 51 intelligence agents on the record, lying, falsehoods, illegal actions, DHS, redefining terminology, censorship by Massive censorship that's taken place, the Justice Department, lawfare, and the same, you know, Republicans are scared of losing, too, because Stephen K. Bannon's in jail right now because a Nancy Pelosi committee that was misformed, like nine to two, with no minority council, and they kicked off the minority members, Jimmy Jordan and some of the good guys, | ||
| And the CEOs are scared to speak out. | ||
| They won't even mention things like free speech. | ||
| They're too scared to even mention things like that because it's cryptic, right? | ||
| People know what that means now. | ||
| And so in a minute or two, you know, is the country really at this point where we're scared of each other existentially? | ||
| And do you see a way to break through this? | ||
| We're just in an awful equilibrium, Josh. | ||
| Well, Dave, you're asking a million dollar question. | ||
| I mean, this really has been the question for the past four or five years. | ||
| I mean, arguably the past eight or nine years. | ||
| I mean, you know, what do we do? | ||
| I mean, this country is as divided as ever. | ||
| We just had the near assassination of a former and likely future president before the entire world there. | ||
| Look, there are a few options for the path forward. | ||
| I can identify basically three or four options. | ||
| One, which is my preferred option, is that we have to meaningfully rediscover federalism in this country. | ||
| We have to recognize that we simply do not agree on the vast majority of the issues. | ||
| And a lot of these issues, constitutionally speaking, ought to be decided at a local or state level as it is in the first place. | ||
| The utter, utter black pill solution is so-called national divorce. | ||
| You have a few people on the right that are advocating this. | ||
| That is not my position. | ||
| I am born Abraham Lincoln's birthday. | ||
| I'm too much of kind of a nationalist to ever kind of abide by that. | ||
| The other two options, well one option I guess would just be the status quo, which is just this kind of slow incremental decline into utter decadence and kind of this runous descent into whatever we currently are. | ||
| That's not a good option. | ||
| The fourth option, which would be my ideal preference, but I don't see it happening, | ||
| would be the rise of a Lincolnian national figure to actually unify the country once again | ||
| on some shared notion of the common good. | ||
| I don't see it happening. | ||
| That would be my ideal solution. | ||
| So if I'm being even semi-realistic, Dave, I think we really have to kind of try | ||
| to rediscover federalism. | ||
| That is not to say that we don't give up on governing at the national level. | ||
| Obviously, the federal government right now is engorged much more than it should be. | ||
| We have to be able and willing to get our hands dirty at the national level while simultaneously trying, I think, constitutionally and politically to roll as many things, especially morally, culturally, and so forth, roll as much of that back to the states as possible. | ||
| Josh Hammer, I don't know how you do it. | ||
| I think you're a genius of some sorts there. | ||
| You ought to be hosting this show. | ||
| That was just very clean, real distinct options for the way forward with emphases on what's probably best. | ||
| You're a national treasure as well. | ||
| Thanks for coming on The War Room always, Josh. | ||
| Glad to have you with us. | ||
| You want to point out your coordinates so folks can reach you? | ||
| Yeah, thanks so much, Dave. | ||
| That's really kind of you. | ||
| So I'm on Twitter, Josh underscore Hammer. | ||
| Instagram is Josh B. Hammer. | ||
| I host two shows, The Josh Hammer Show and America on Trial with Josh Hammer. | ||
| And then I write a weekly syndicated column that goes up in Newsweek, which is where I work, as well as a bunch of other write-up center publications as well. | ||
| Yeah. | ||
| Josh, thanks for being with us. | ||
| Thanks, brother. | ||
| All right. | ||
| We've been glossing over a lot of Stephen K. Bannon's premier issues, geopolitics, capital markets. | ||
| The politics has just dominated. | ||
| Netanyahu's in town on top of all that. | ||
| But we have the The man who can address all of it, put it into a whole, make sense of it. | ||
| James Rickards, thanks for joining us on The War Room. | ||
| Do you want to take off any commentary on China, first of all, maybe? | ||
| I'm seeing slowdowns, $13 trillion in debt on the local, regional. | ||
| Xi giving the old stale Marxist commentary. | ||
| And it's amazing to me the Fortune 500 and our financial leaders don't seem to be pricing in any of this. | ||
| What could happen any day in China and then, you know, our bond markets gets disciplined for the first time in a while. | ||
| And so, James, what are we looking at short-term, intermediate-term, long-term in the country? | ||
| Thank you, Dave. | ||
| Great to be with you. | ||
| You make a very good point. | ||
| We're, I mean, rightly focused on everything from Biden's debate to the assassination attempt, the selection of J.D. | ||
| Vance, Biden withdrawal, the Kamala coronation. | ||
| Any one of those is like a world class topic. | ||
| But meanwhile, we've got a deadly war in Ukraine, a war in Gaza, a potential war in southern Lebanon with Hezbollah, the Houthis. | ||
| And so on around the world. | ||
| And then, of course, that points in the direction of the world's second-largest economy, second-largest population, which is China. | ||
| These things are going on. | ||
| They're going to affect the world, affect the U.S. | ||
| economy and investors, but they're not getting much attention because of all the other news. | ||
| But getting specifically to China, China is in very dire shape. | ||
| The myth of China that they're, you know, given enough time, they're going to surpass the United States. | ||
| They're the fastest growing Major economy in the world, et cetera, is not true. | ||
| Historically, they have had enormous growth since the mid-90s, particularly in the early 2000s up to around 2010. | ||
| That's true. | ||
| But that's actually the easy part. | ||
| And I'm not a big fan of Paul Krugman since 2000. | ||
| I think he just turned into this political, I don't know what. | ||
| But in the 1990s, Krugman did some pretty good work on development economics, and that was my specialty as well. | ||
| In the 70s, when I studied, we thought the hard part was getting from low income to middle income. | ||
| That was going to be really, really difficult. | ||
| But once you got from middle income, you had a straight path to high income. | ||
| You just had to keep going. | ||
| It turns out that that theory was not correct. | ||
| Getting from low income to middle income is the easy part. | ||
| You move people from the countryside to the cities. | ||
| You build some infrastructure. | ||
| You attract foreign investment. | ||
| You do what I call Lego-style manufacturing. | ||
| You know, China makes most of the iPhones in the world. | ||
| That's true, but the value-added is 5%. | ||
| 10 seconds to break. | ||
| Yeah, so the point is there's a lot less there than meets the eye. | ||
| They're stuck in the middle-income trap. | ||
| Yep, I agree with you. | ||
| James Rickard in the house. | ||
| He's going to be staying with us for quite a bit over the break. | ||
| He's a wealth of information that, like Steve Bannon, looks over the horizon, around the corners. | ||
| He knows what's coming up long term. | ||
| Make sure you look him up. | ||
| He'll give his coordinates at the end, but he's been a great supporter of the show and Stephen K. Bannon, and it's an honor for us to have him and his wealth of knowledge with us today on the show. | ||
| Stay tuned. | ||
|
unidentified
|
Here's your host, Stephen K. Bannon. | |
| Back in the War Room with the great Stephen K. Bannon, David Brat sitting in. | ||
| We got James Rickards up. | ||
| We're surveying the geopolitics, capital markets, and as usual, James Rickards has been on the money pointing to China weakness. | ||
| It's kind of stunning when you look at the Fortune 500 firms or broader categories when it comes to fiduciary responsibility, etc. | ||
| Everyone's going to look, you know, after things crack up and plummet, if China collapses, even if they just go into recession, the impact is going to be stunning on the United States of America. | ||
| And so we want to refer you to our friends over at Birch Gold. | ||
| In these tumultuous times, gold ought to be part of your portfolio, right? | ||
| Don't throw the entire investment basket there. | ||
| But call up Birch Gold, depending on your age and what you have in your portfolio at present. | ||
| Gold has always been a hedge against a chaotic world. | ||
| And it's certainly outperforming the dollar, right? | ||
| The BRICS countries, etc., are gathering steam. | ||
| We're in the process of perhaps losing our reserve currency over time. | ||
| We're becoming weak. | ||
| So give our friends at Birchgold.com backslash Bannon. | ||
| Give them a call. | ||
| They'll talk to you. | ||
| That's a rare deal. | ||
| They'll give you some good guidance. | ||
| Read the materials there. | ||
| Make the right decision for you. | ||
| Thank you all for supporting Birchgold. | ||
| And Birchgold, thanks for supporting the War Room over time. | ||
| Back to James Rickards. | ||
| James, do you want to finish up the China story in this The fiduciary piece, everybody's going to say, I told you, I knew all that was coming. | ||
| But they didn't say anything like you have been for years. | ||
| So bring us up to speed on what's coming at us. | ||
| That's right. | ||
| So China's dilemma now is how do you get out of middle income to high income? | ||
| How do you do that? | ||
| Well, the answer is you can't continue with what I call Lego-style manufacturing, low value-added. | ||
| You have to get to high value-added manufacturing, high tech. | ||
| Very few countries have ever done it. | ||
| I mean, Taiwan, Singapore, Hong Kong, before it was taken over by the communists, were about the only ones. | ||
| So China says they're going to do that, but they can't do it because they don't have the technology. | ||
| They're very good at stealing it. | ||
| They've been stealing U.S. | ||
| technology with acquiescence of US companies, by the way, for decades. | ||
| But now that game is practically over. | ||
| They've also got a lot of accumulated problems. | ||
| I spent a lot of time in China. | ||
| I've been to the ghost cities. | ||
| I was in a city once. | ||
| It was all built, had skyscrapers, country clubs, hotels, golf courses, all this stuff. | ||
| And it was empty. | ||
| I'm not kidding, it was empty. | ||
| And there were other buildings on the horizon. | ||
| I was with some Communist Party officials. | ||
| It was sort of opposing, you know, they thought I was gonna be a big tenant or something. | ||
| I said, hey, nice buildings. | ||
| They're all empty. | ||
| They said, oh, no problem. | ||
| We're going to fill them up in a couple of years. | ||
| We have agents in the U.S. | ||
| trying to get all the Chinese scientists to come back to China. | ||
| I said, they're not coming back. | ||
| They're in Silicon Valley. | ||
| California has its problems, but it's a lot better than China. | ||
| Nanjing South train station. | ||
| 30 foot high ceilings, marble walls, 128 escalators. | ||
| It's beautiful. | ||
| It's empty. | ||
| I mean, you know, very few people coming and going from that train station. | ||
| So I've seen all this. | ||
| All that money was wasted. | ||
| So a big part of China's GDP is investment, not consumption. | ||
| And if the investment is wasted and you wrote it off the way accountants would require you to do, their GDP has been less than half of what they've been publishing. | ||
| That's just the beginning. | ||
| They've had a real estate collapse. | ||
| One of the ways they kept this game going for how they kept this game going for the last 15 years. | ||
| The answer is real estate. | ||
| And yeah, there's real steel and copper and glass and cement and all that stuff. | ||
| But then when you're done, you go to the next ghost city, but you haven't created anything that's going to pay for itself. | ||
| That's all collapsing. | ||
| It was all done with debt. | ||
| Plus it's a kleptocracy that, you know, the rich are super rich and everyone else is struggling. | ||
| But to put it in kind of economic terms, David, I'll do this very quickly. | ||
| There's something called the debt-to-GDP ratio. | ||
| It's a simple fraction. | ||
| The numerator is the government debt and the denominator is your GDP. | ||
| There's tons of research. | ||
| You could fill a room with it. | ||
| Very good stuff. | ||
| Carmen Reinhart, Ken Rogoff, and others it shows. | ||
| When that ratio goes above 90%, Growth slows down. | ||
| Below that, you can borrow a dollar, spend a dollar, and get more than a dollar of GDP. | ||
| That's true. | ||
| But above 90%, you borrow a dollar and spend a dollar, you get less than a dollar of GDP. | ||
| What does that mean? | ||
| Well, the numerator's going up by a dollar, but the denominator's going up by 90 cents, 80 cents, 60 cents. | ||
| By the way, the U.S. | ||
| is in exactly the same trap. | ||
| Our debt-to-GDP ratio is 130%, highest in history. | ||
| That's why we're having slow growth. | ||
| China's is even higher. | ||
| So you cannot borrow your way out of a debt trap, is the bottom line. | ||
| So between real estate crash, not being able to steal as much technology, kleptocracy, high debt-to-GDP ratio, these are real economic factors, not ideological, that basically are slowing China down. | ||
| Now on top of that, Here comes Trump. | ||
| I fully expect him to be elected president. | ||
| He's got, you know, Trump has an intuition about this, but he's got two big brains behind him. | ||
| One is Robert Lighthizer, and the other one is Peter Navarro. | ||
| You know, Peter just got out of jail. | ||
| He's going to be in West Wing, probably by February, would be my expectation. | ||
| They are going to reintroduce something called the American Plan. | ||
| I'm calling it American Plan 2.0. | ||
| Now, this starts with Alexander Hamilton. | ||
| And there's a thread that goes from Alexander Hamilton to Henry Clay. | ||
| One of the biggest implementers, believe it or not, was Abraham Lincoln. | ||
| People say, yeah, wasn't Lincoln a little busy with the Civil War? | ||
| Well, he was, but he was also high tariffs, port manufacturing. | ||
| The Civil War was mainly about slavery, but it was also about a mercantile manufacturing north versus an agrarian low tariff cell. | ||
| And, of course, the North won. | ||
| But what that meant was that this high tariff policy No, you have to have free trade, free trade. | ||
| Free trade is a myth. | ||
| Even David Ricardo said, you know, comparative advantage. | ||
| If I can grow, if I can make wine, you can make woolens, why don't we trade wine for woolens instead of trying to do it all ourselves? | ||
| The problem with that is the factors of production today are mobile. | ||
| In other words, you can take the capital and to some extent the brains and move it anywhere you want. | ||
| And this is what China has done, mostly by stealing it, but aided and abetted by the Black Rocks and the vanguards and the Fidelities and everyone else throwing money into China, Chinese index funds, etc. | ||
| That's going to be over. | ||
| Lighthizer, by the way, Lighthizer was Reagan's deputy trade advisor. | ||
| He was the one who saved the U.S. | ||
| auto industry by putting tariffs on Japanese cars. | ||
| The Japanese got the message, and they soon conformed to what we wanted. | ||
| But really, as I say, save the U.S. | ||
| auto industry. | ||
| He hasn't left the scene. | ||
| He lives in Palm Beach. | ||
| He commutes on Air Force One with President Trump when the president was in office. | ||
| And then Peter Navarro, a lot of people are looking at what the Democrats call Project 2025, but it's a mandate | ||
| for leadership 2025. Heritage Foundation, 900 pages, great resource, but it's 900 pages. But if you | ||
| really want to see the blueprint, Peter Navarro has a new book. I haven't read it. It's not | ||
| out yet. I'm waitlisted. It's called The New MAGA Deal. And that's the- | ||
| Very good. James, we're going to hold you with us over the break. | ||
| I want to go in an entire new direction on economic growth. | ||
| Take advantage of your development economic expertise. | ||
| We're back with records in the war room. |
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