Aug. 6, 2024 - Bannon's War Room
48:46
Participants
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| Speaker | Time | Text |
|---|---|---|
| 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. | ||
| I got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
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
|
War Room. | |
| Here's your host, Stephen K. Bann. | ||
| Welcome back, folks. | ||
| This is Hanwell here at the helm, filling in for Steve Bannon. | ||
| So with the news coming out less than a couple of hours ago, that Kamala Harris has made her pick for Vice President, and that is Tim Walz from Minnesota. | ||
| Minnesota, the state, is going to find itself at the top of the national agenda for the next 24, 40 hours. | ||
| So who better to have on the show right now than Mike Lindell. | ||
| Mike, good morning to you. | ||
| How do you native Minnesotan that you are? | ||
| You're getting the champagne out, I guess, along with all your neighbours to celebrate this great victory for Minnesota, right? | ||
| Right, absolutely. | ||
| I'll tell you what, she couldn't have made a bigger mistake picking him if I was on their team. | ||
| They both have made some of the worst decisions in political history and the biggest non-decisions. | ||
| So they're two of a kind. | ||
| You have her non-decision down there to keep that border secure. | ||
| Walt in Minnesota, let him burn down Minneapolis. | ||
| Literally destroy our great city. | ||
| He didn't bring in the National Guard. | ||
| He made horrible decisions with the China virus when that came in. | ||
| We had to sit out in snowbanks to eat. | ||
| And if you had Thanksgiving, if you had eight people, I think it was, in your house, the neighbors could turn you in for having too many people in your house. | ||
| I think Christmas he gave us four more. | ||
| Just a disgusting individual. | ||
| And you're right, he's very, he doesn't bring any enthusiasm to anything. | ||
| He just does things. | ||
| Horrible decisions. | ||
| I know he, when they had the masks, before I knew masks didn't work, I had all these masks for the state of Minnesota. | ||
| And he shut down our Christian churches. | ||
| So what I was going to do is distribute all the masks to the churches and say, hey, it'll be a mass distributions on Sundays and you could listen to someone when you're there. | ||
| I played a game back and forth with that guy. | ||
| And, you know, I was going to run for governor of Minnesota after the 2020 election. | ||
| Of course, I got into trying to secure our election, so I had other things I had to do. | ||
| But Waltz feared that, and he put out a hit job on me throughout the state, sent postcards out everywhere. | ||
| Do we want this guy attacking me, attacking my pillow? | ||
| And by the way, Minnesota has some of the worst taxes and regulations in the country. | ||
| We got the regulations we have on business and some of the highest taxes this country's ever seen. | ||
| He is a horrible, horrible governor, politician, and decision maker. | ||
| Mike, given your perspective as a native Minnesotan, how do you think this nomination will play with Democrats generally in Minnesota, but also across the nation? | ||
| As you say, he's not a man famous for his charisma. | ||
| Do you think he's going to be a drag on Palmer's ticket? | ||
| What does he have to bring to it? | ||
| Well, I think it will be a drag on the ticket once people realize what he's done to destroy our state of Minnesota. | ||
| You don't have to go back too far to those big riots that they let happen to him and the mayor of Minneapolis in Cahoots. | ||
| I mean decimate our state and our city. | ||
| We've got a lot of other things going on there too. | ||
| Once the public hears about this, I don't think at all he brings anything to the | ||
| Democrat ticket. | ||
| I don't think it's going to affect the polls at all. | ||
| Of course, most of them are fake. | ||
| You're going to see the fake polls come out, especially you get Fox News and stuff coming out. | ||
| Oh, they're polling even over here and polling even. | ||
| I think people got to really ignore any polls right now that are coming out, especially from your Foxes of the world and your ABCs of the world. | ||
| They're just doing this narrative. | ||
| All they're doing is trying to do a narrative, everybody, that, hey, this could happen. | ||
| Then when they try and steal this election again, everyone goes, well, it could have happened. | ||
| No, it's not going to happen. | ||
| And we have our election platforms very secure. | ||
| We have a great plan for this upcoming election. | ||
| But I don't think it's a poor choice that they made. | ||
| If I was on their team, I would have picked Shapiro in Pennsylvania. | ||
| You were right, when you guys were talking earlier, that would have made more sense. | ||
| But then again, they don't make sense at all. | ||
| I mean, we're in a time where nothing makes sense. | ||
| Mike, could you, seeing as you just mentioned the election integrity issue, would you mind | ||
| just giving to the War on Poverty a shout out for the project that you've put together | ||
| on this so that they know where to go? | ||
| You guys go to LyndalePlant.com. | ||
| We're telling everybody to secure your ballot. | ||
| Get it off those dirty voter rolls. | ||
| Get your mail-in ballot. | ||
| Don't open it. | ||
| And then when you go to vote and they say you've already voted, you say, no, I have not. | ||
| And you're going to go to FrankSocial, our app, our FrankSocial app. | ||
| You're going to report it all there. | ||
| This now becomes identity theft. | ||
| We lay it all out here on LyndalePlan.com. | ||
| We could really use your help. | ||
| Get involved. | ||
| Get over... | ||
| there, check it all out, get educated on what you can do. | ||
| This is three and a half years in the planning, everybody. | ||
| Everything has manifested up to now, and we've got hundreds of thousands of hours on the | ||
| ground, people that have volunteered. | ||
| I have over 300,000 people in all 50 states. | ||
| We need to follow through on this plan. | ||
| We need to have stuff ready so our great real president can get us, like other countries, | ||
| when he gets in, get us to paper ballots hand-counted in same-day voting. | ||
| 132 countries have banned... | ||
| Electronic voting machines or don't use them. | ||
| Over a hundred countries have banned mail-in voting and early voting. | ||
| We're the only country in the world that just allows a free-for-all. | ||
| We have the worst election platforms in the world. | ||
| It's real-time crime. | ||
| It's disgusting. | ||
| And everything that's happened over the last three and a half years, we need to be the example to the world of how elections should be, so we can put people in and out, depending on the job they do. | ||
| Mike, thanks very much for coming on the show today, giving us your view as a native Minnesotan. | ||
| However, I can't let you go without you giving us an update on Minnesota's premier business. | ||
| What have you got going on today? | ||
| Well, we've got a new, this actually comes from Peter Navarro. | ||
| He said, Mike, we need a long pillow. | ||
| We need one that's two pillows in one. | ||
| Call it your pillow. | ||
| Well, we did it. | ||
| We did it with Fia. | ||
| We're using our body pillow, everybody. | ||
| We put it on sale for the warm room posse. | ||
| It's 54 inches long. | ||
| That's two standard my pillows. | ||
| All in one, $29.88. | ||
| This is a War Room exclusive. | ||
| While they last, we allotted so many of them for the War Room Posse. | ||
| We're making them today, actually, in Minnesota. | ||
| They're busy making them. | ||
| I said we got a War Room special. | ||
| Everybody, get this by pillow. | ||
| $29.88 for a War Room. | ||
| Go to MyPillow.com, everybody. | ||
| And you go there, and guess what? | ||
| you're also gonna get free shipping options available for all, for your whole order. | ||
| Anything over $75 for the War Room Posse, there you have that free shipping | ||
| on the MyPillow mattress topper that we just developed and you get free pre-sheets with that | ||
| and then that free shipping. | ||
| So this is a, I'm gonna blow out the sales today. | ||
| Everybody, make Steve proud. | ||
| He's in prison right now. | ||
| He's a political prisoner. | ||
| Call it the Political Prisoner Special. | ||
| I want to break records today with the War Room Posse. | ||
| Take advantage of this. | ||
| This is what Peter told me when he got out of prison. | ||
| He said, Mike, I was doing a lot of thinking. | ||
| Call it your pillow. | ||
| Well, this will be two of you. | ||
| It's long enough to share the pillow. | ||
| $29.88 for this amazing body pillow. | ||
| And remember, you can wash and dry, you can do all... Our products have a 10-year warranty and a 60-day money-back guarantee, too. | ||
| I think that fails to get mentioned enough. | ||
| But you guys also go there, and remember, you can also... I forgot to tell you all this. | ||
| Use promo code WARROOM at mystore.com. | ||
| We have over 1,000 USA entrepreneurs and inventions and products over there. | ||
| So, at mystore.com. | ||
| Let's everybody get involved today. | ||
| It's a win-win-win. | ||
| Help my pillow, my employees. | ||
| Help Steve, help the War Room Posse. | ||
| The most educational show we need is for such a time as this. | ||
| Help the show and then help yourselves to get the best products, best sleep of your life, best products ever. | ||
| Mike Lindell, you're a hero to so many. | ||
| Thanks for coming on the show today. | ||
| God bless. | ||
| We'll catch up again with you soon. | ||
| God bless. | ||
| God bless. | ||
| We've seen it time and time again. | ||
| Somebody exposes the truth just to be labelled a conspiracy theorist, only to be proven right later on. | ||
| Well, let me tell you about the next thing you should be concerned about. | ||
| Government geo-tracking of your phone and other devices. | ||
| We've seen the government use geo-fencing to track the devices of individuals on January 6th, leading to unwarranted arrests without evidence of wrongdoing. | ||
| Stop big tech and government overreach. | ||
| There's no other option. | ||
| You have to protect yourself. | ||
| Silent offers an efficient and easy solution to protect your location and personal data. | ||
| Their Faraday products block all incoming and outgoing signals so no one can get their hands on your information. | ||
| Simply place your device inside, close the sleeve and that's it. | ||
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| Stay ahead of what's coming and secure your privacy today. | ||
| Again, that's slnt.com forward stroke Bannon for 15% off and free shipping on qualified orders slnt.com forward stroke Bannon. | ||
| Okay, so Marlee Hornick, CEO of United Sovereign Union, Good morning to you. | ||
| Today in Missouri, there are primaries for the U.S. | ||
| Senate and for the governor. | ||
| How are those primaries going? | ||
| Well, actually, the concern that United Sovereign Americans has about these primaries is that there's a very high likelihood that the outcome, no matter who is in position to win right now or later, the outcome is going to be unreliable. | ||
| And what we published yesterday on our Twitter account, United S American, was the Missouri 2022 general election validity scorecard about the Missouri 2022 midterm, which is supposed to be perfectly accurate And it's supposed to be compliant with all federal and state laws, as well as the principle in the U.S. | ||
| Constitution of representative government. | ||
| So what we discovered in the 2022 primary was it was not accurate, and it was not compliant with the law. | ||
| There were 2.4 million facially invalid registrants on the rolls at the time, including a million people who were registered to vote before they were born, voted before they were registered to vote, And also, you've got hundreds of thousands of people with invalid names. | ||
| People like my good friend in Missouri, Percent, right? | ||
| Everybody knows somebody named Dave. | ||
| Everybody knows somebody named Ben. | ||
| And everybody knows a guy named Percent, right? | ||
| And it's just common for them to vote. | ||
| Because it turns out in the 2022 midterm, 185,000 people with invalid names voted. | ||
| 20,000 people voted who had absolutely no address on record, which is a black letter law violation. | ||
| The country, the state, the parties, they want to know where you live, right? | ||
| Why do they spend so much money on litigation over your address if your address isn't needed to vote? | ||
| At the end of the day, they had a 20% voting error rate in the 2022 midterm, which is staggering, Ben. | ||
| That means that more than one out of every four votes came from a facially invalid registration record. | ||
| According to the United States Department of Justice, that could be felony election fraud, and it should have been investigated immediately. | ||
| And it wasn't. | ||
| It was certified as acceptable to the American people, certified as good enough for our children, good enough for our future, and good enough for our heritage. | ||
| And United Sovereign Americans doesn't agree it was good enough. | ||
| We want to know, is this massive incompetence? | ||
| It's just not, it's not the same thing as representative government. | ||
| And we did bring this information to the state back in March of 2024. | ||
| And exactly what they did with it was nothing. | ||
| They did absolutely nothing. | ||
| They're not worried about their error. | ||
| They're not worried about whether this is some kind of a data breach. | ||
| It's very, very concerning. | ||
| And here they are rolling out another primary. | ||
| So that's what United Sovereign Americans is really worried about. | ||
| We want to know who's going to stand in the gap and fix this. | ||
| We took the measurements and now we're filing lawsuits. | ||
| Will somebody come on board and work on this problem correctly without having to get sued? | ||
| Marley, can you just stand by for two minutes after the break and then carry on with this debrief afterwards? | ||
|
unidentified
|
Welcome back. | |
| We're catching up here with Marley Hornick, CEO of United Sovereign Americans, telling us about the general issue of election security, election integrity. | ||
| Mali, you had something in the break that you wanted to share with the posse. | ||
| Well, I just wanted to talk. | ||
| I wanted to give a bare-bones, hard facts example of what happens to our country when our elections are not accurate, they're not reliable according to the standards that Congress set, and we're not really sure if the people in office are truly the ones the American people chose. | ||
| And I want to go for that example. | ||
| I'm going to give you all the war room posse. | ||
| Here's the details. | ||
| on the New York State Attorney General Letitia James' race in 2022. | ||
| Okay, there was a 12% voting error rate in that election. | ||
| There were 5.8 million facially invalid registrants on the rolls, and three-quarters of a million of them voted in the 2022 midterm. | ||
| A 12% voting error rate. | ||
| Letitia James' margin of victory, 9%. | ||
| Okay, so what you get when you have these kinds of election issues where you have irregularities that exceed the margins of victory in elections, because let's face it, the election officials have no idea whether or not someone named percent is actually a real human being and there was some kind of entry error. | ||
| They have no idea, but they gave that person a ballot. | ||
| So in the state of New York, what we have is a circumstance where we have an attorney general who is acting as if she has a mandate from the citizens of the state of New York to basically persecute her political enemies. | ||
| Let's face it, that's the platform she ran on and that's her M.O. | ||
| She's not upholding the rule of law. | ||
| She's upholding persecute my political enemies. | ||
| Which is not an illegal way to hold her office. | ||
| Now, I'm not saying she wasn't certified as the Attorney General. | ||
| What I'm saying is no one knows if she really won. | ||
| The Board of Elections in the state of New York doesn't know, the governor doesn't know, the state doesn't know, the federal government, the EAC, nobody knows. | ||
| But yet she's behaving this way at supposedly according to the will of the citizens of New York. | ||
| And the reality is she doesn't have the authority to do what she's doing. | ||
| And I think it's really important that United Sovereign Americans is filing these lawsuits all over the country already in Pennsylvania, Maryland and Ohio. | ||
| And we have other states teed up about to go out because we cannot have this kind of uncertainty and we can't have officials like Letitia James and others across the country who are barreling over our rule of law, acting as if they have some kind of a mandate, when in reality, nobody has any idea whether they have a mandate. | ||
| She has the authority right now to keep the lights on at the New York State Attorney General's office and make sure the paychecks go out until we can have a reliable election according to what Congress said was required. | ||
| Marley, these legal challenges are so important. | ||
| Where can the Posse go if they want to help with a donation to this? | ||
| Where can they go to offer some support? | ||
| Yes, USA4Freedom.com. | ||
| USA4Freedom.com or this guy, Unite4Freedom. | ||
| Either one of those places you can go and help. | ||
| Lawsuits are very expensive and everyone at United Sovereign Americans is a volunteer, including me, including our board of directors. | ||
| Everyone is volunteering because this is really forgotten country. | ||
| We have to get these elections fixed and we have to do it Before the 2024 election, we need to have certainty all across the United States of America that the person we elect for president, the people in our Senate, the people in our House of Representatives, all of these people are the ones we agreed should be our representatives. | ||
| Have the moral fortitude to do the right job for the American people. | ||
| Great. | ||
| Marley Hornick, thanks very much indeed for coming on, CEO of American Sovereign United Americans. | ||
| Thanks very much. | ||
| And keep us. | ||
| Come back again on the show later in the week to give us a debrief on whatever should transpire today in Missouri. | ||
|
unidentified
|
All right. | |
| Thanks so much, Ben. | ||
| Appreciate it. | ||
| Thanks, Marley. | ||
| God bless. | ||
| God bless you. | ||
| So sticking on the theme then with primaries today, our very own Joe Kent is here. | ||
| Joe, good morning to you. | ||
| You have a primary today, right? | ||
| Great to be with you, Ben. | ||
| Thanks for having me. | ||
| Thanks. | ||
| Well, what's going down there today? | ||
| What's the latest? | ||
| So today's primary day in Washington State. | ||
| So the polls close at 8 p.m. | ||
| So we've got all day to get out there, really drive turnout. | ||
| It's completely legal in Washington State to go collect ballots or ballot harvest from your friends and from your neighbors. | ||
| So we're encouraging everybody out there in the posse, all of our supporters, be a force multiplier like we preach so much here on The War Room. | ||
| Call people, text people, make sure they're getting out to the polls today by 8 p.m. | ||
| If you haven't received a ballot, You can go down to the county auditor's office and request an absentee ballot right there and make sure that your voice is heard. | ||
| But we're pretty optimistic. | ||
| People are pretty fed up with what's taking place in our country between the inflation, the open borders, the attack on our kids, the looming World War III that we're seeing play out everywhere. | ||
| People have had enough. | ||
| We're feeling pretty optimistic going into the primary. | ||
| But yeah, just hope everybody gets out there and votes. | ||
| Well, we're certainly covering the economy here on the show today, but you mentioned, I think, we haven't had a chance yet to dig in to the Middle East. | ||
| Now, you served in the forces, right? | ||
| So what are your former colleagues saying now about this potential blowup between Iran and Israel in the Middle East? | ||
| Is there concern that this is going to escalate, de-escalate? | ||
| Yeah, there's major concern right now because, look, we've got our troops spread throughout the region. | ||
| My Democrat opponent and basically every Democrat in Congress this last spring voted to leave our troops deployed in Iraq and Syria, these spread out vulnerable bases. | ||
| We saw just a couple months ago we tragically lost three Americans guarding the tri-border region of Iraq, Jordan, and Syria. | ||
| Those troops should have been out. | ||
| And so right now we've given Iran the ability to drag us into this war. | ||
| Which is what Iran wants to do because Iran is working in conjunction with this alliance that we forced between Russia and between China. | ||
| And so I fear that we are spread too thin. | ||
| We have the potential of getting drug further into this conflict. | ||
| This does not benefit the people of the United States of America. | ||
| We need pragmatic leadership in there right now. | ||
| The way that Washington, D.C. | ||
| uses war to drive profits from the military-industrial complex and really to distract the American people from the vital issues that we have here at home, we've got to really start waking people up to this. | ||
| I do believe the American people are waking up. | ||
| We're sick and tired of the endless wars. | ||
| This is something that President Trump really effectively articulated in his initial run back in the 2016 timeframe, and he's stayed very consistent on. | ||
| We can support our allies in the region, like Israel, by strengthening the alliances of the Abraham Accords and not giving Iran the opportunity to hit at our troops. | ||
| Just yesterday, we had a volley of missiles that attacked the Al-Assad airbase in Iraq. | ||
| And that was by Iranian proxies, but Iranian proxies that work for what's called the Popular Mobilization Forces. | ||
| The Popular Mobilization Forces is part of the Iraqi government controlled by Iran that we fund lock, stock, and barrel. | ||
| So not only have we left our guys spread out in these areas so the Iranians can pick away at them, we are also funding the proxies that are shooting at our troops right now. | ||
| It is an absurd situation that we're in. | ||
| We need real pragmatic leadership back in Washington, D.C. | ||
| Congress needs to put its foot down and actually get back to enforcing the war powers, regulations, and rules. | ||
| And then we need leadership in the White House that's actually going to put America first. | ||
| Joe, just once again then, for the primaries in Washington state right now, once again, in terms of the get out the vote, could you just recite once again what the details are? | ||
| Tell me something, what are you hearing about the turnout? | ||
| And for folks in Washington state voting today, what time do the polls close once again? | ||
| So today's the final day. | ||
| Polls close at 8 p.m. | ||
| tonight. | ||
| We're unfortunately an all-mail-out state, so everybody should have their ballot. | ||
| If you don't have your ballot, you've got to go down to the county auditor's office, request an absentee ballot, but you've got to get that done by 8 p.m. | ||
| Call your friends, call your neighbors. | ||
| You know, unfortunately, you would think the turnout would be very high. | ||
| Right now, what we're seeing in mail-in returns, we have about a 20% throughout the entire state return. | ||
| And that's actually kind of low. | ||
| And I believe this is because we already voted in the presidential primary. | ||
| And so I think, unfortunately, a lot of voters out there, they're in summer vacation mode. | ||
| They think that their job is done until the fall. | ||
| And so I think this primary isn't getting as much attention as it really should. | ||
| So that's why it's really important for those that are watching right now, if you know people in Washington 3, if you're in Washington 3, you've got to help us get the word out by 8 p.m. | ||
| Make sure that ballot gets in. | ||
| Anybody can go out and collect a ballot. | ||
| You can go to the county auditor's office and request a ballot as well. | ||
| Joe Kent, thanks very much for coming on the show today. | ||
| Just lastly, where do people go if they want to stay in touch with your commentary on daily events as this election heads towards November? | ||
| Yeah, please go to joekentforcongress.com. | ||
| Anything the posse can contribute, greatly appreciated. | ||
| My Democrat opponent, she's getting funded by the military-industrial complex, Big Pharma, Big Tech, and all them. | ||
| So joekentforcongress.com is a place to donate, stay up to date with the events, and there's links to all my social media on there as well. | ||
| Joe, thanks very much. | ||
| God bless. | ||
| Thank you very much, Ben. | ||
| We've got a minute now to the break, but let's cut straight away to Jim Rickards. | ||
| We're going to play the Kamala Harris clip again after the break. | ||
| Jim, good morning to you. | ||
| In a minute, can you just sort of synthesize the disaster that is awaiting Americans with the disintegrating economy and collapsing markets? | ||
| Right. | ||
| So Monday we saw a significant market crash. | ||
| It's not the end of the world. | ||
| There have been bigger crashes. | ||
| The market has already kind of recovered about half of it today, but you're still down half over the two day period. | ||
| So it was a big deal. | ||
| Noteworthy, but not the end of the world type of scenario. | ||
| Not like 1929 or 1987. | ||
| But there's something behind it. | ||
| That's really what the key thing Americans should understand is that the recession is here. | ||
| People have been talking about it for a long time. | ||
| Okay, maybe it was slow in arriving. | ||
| But the recession is here. | ||
| This is what we call on Wall Street, a repricing. | ||
| Markets are not efficient. | ||
| They don't move slowly from one level to another. | ||
| They're here and all of a sudden they go here. | ||
| Now, it doesn't mean it's going to keep going, at least not yet. | ||
| But for now, this is a sign. | ||
| You say, what's behind it? | ||
| The answer is we're in a pretty severe recession right now. | ||
| There you go, folks. | ||
| You heard it. | ||
| A pretty severe recession right now. | ||
| We'll be back with the legendary Jim Rickards in just two minutes time. | ||
|
unidentified
|
time. Peace time. Bye. | |
| Thank you. | ||
| Well, let's start with this. | ||
| Prices have gone up. | ||
| And families and individuals are dealing with the realities of that bread costs more, that gas costs more. | ||
| And we have to understand what that means. | ||
| That's about the cost of living going up. | ||
| That's about having to stress and stretch limited resources. | ||
| That's about a source of stress for families that is not only economic, but is on a daily level something that is a heavy weight to carry. | ||
| So it is something that we take very seriously. | ||
| Very seriously. | ||
| And we know from the history of this issue in the United States that when you see these prices go up, It has a direct impact on the quality of life for all people in our country. | ||
| So it's a big issue and we take it seriously. | ||
| And it is a priority, therefore. | ||
| Jim Rickards, you know, you're a guy with a bit of professional experience right under your belt. | ||
| You get an instinct, don't you? | ||
| If you're listening to someone talking and they have no idea what they're talking about, I don't even know. | ||
| I need to speak to Cameron Wallace, our producer. | ||
| I didn't even think we needed to put on a show today. | ||
| We could have just put that clip on, continuous replay, for two hours, because there's no more compelling argument that the Democratic nominee has zero idea what she's talking about when it comes to the economy. | ||
| That clip explains all this. | ||
| We don't need to break this down. | ||
| We just have her talking. | ||
| People can listen to it and they can see that they're putting their jobs, their livelihoods, their futures, their savings in the hands of someone who has zero idea what she's talking about. | ||
| What you were saying before, the breakover, it led me to a metaphor. | ||
| It's a bit like tectonic movements, tectonic plates shifting, isn't it? | ||
| Gradually, gradually, gradually. | ||
| It's imperceptible. | ||
|
unidentified
|
And then, boom, then the earthquake. | |
| That's when you get the real awareness that there's been something going on behind the scenes. | ||
| Is that what you were sort of suggesting with market corrections? | ||
| That's exactly right. | ||
| And that's how market corrections, or recessions for that matter, happen. | ||
| You know, you call it the snowflake that starts the avalanche, the star that breaks the camel's back. | ||
| Physicists call it a phase transition. | ||
| But what it means is you go from one state to another state very quickly. | ||
| You don't go smoothly and gradually. | ||
| Here it comes, and so forth. | ||
| So you need to be prepared for it, and that's what we try to help people do. | ||
| So we've seen a very definite sign of that. | ||
| There are a lot of technical indicators, Ben, and I don't think we have to spend a lot of time on them. | ||
| Negative swap spreads and what they call the bull steepener, where short-term interest rates are dropping really quickly. | ||
| Well, why are short-term interest rates dropping really quickly? | ||
| Because the big money that plays in these markets, primary dealers and banks and so forth, they know that we're in a recession. | ||
| Interest rates are going to come down. | ||
| So they're hoarding the collateral. | ||
| They're saying, buy it now at a higher yield. | ||
| It's going to go down a lot more. | ||
| So again, not to get too technical, but these are the signs that we see. | ||
| Kamala Harris says, if I were advising Trump's debate team, I would just say, say nothing and let her keep talking. | ||
| Because the more she talks, the more she exposes the fact. | ||
| You know, in a debate, you can't have notes and you can't have a teleprompter. | ||
| She cannot speak extemporaneously. | ||
| She's kind of a dunce. | ||
| So the more she talks, the better for Trump. | ||
| This Waltz, I guess the governor of Minnesota. | ||
| Yeah, I don't know much about him, but I can tell he's boring. | ||
| And that's not a slur. | ||
| In other words, the way these things work, are you telegenic? | ||
| Are you energetic? | ||
| Trump is. | ||
| J.D. | ||
| Vance definitely is. | ||
| Kamala Harris, for all her faults and shortcomings, she's telegenic. | ||
| You know, she kind of, you know, at least put her in front of a teleprompter. | ||
| She's OK. | ||
| Walt says nothing, so I don't think it's going anywhere. | ||
| But to kind of get back to your point, Ben, this economic recession that we're in, for a long time we're saying it's coming, it's coming. | ||
| Well, it's here now. | ||
| We see it in unemployment numbers. | ||
| We see it in some of the other metrics I mentioned. | ||
| We see it around the world. | ||
| Every month, the The Biden administration publishes unemployment numbers, and then the next month when they come out with the new numbers, they revise the prior month. | ||
| They've done that 13 months in a row, which means it's not a complete fraud, but it's a pretty close cousin, where the job creation is not nearly what we've been led to believe. | ||
| Jobs are mostly part-time, not full-time. | ||
| They go into illegal immigrants, not to everyday Americans. | ||
| So there's so much less there than meets the eye in terms of the employment situation. | ||
| The banks are reducing their balance sheets. | ||
| Collateral, which you need to support all these derivatives positions, is scarce. | ||
| These are very, very serious indicators. | ||
| It's coming. | ||
| By the way, this is bigger than the Fed. | ||
| People talk about the Fed put. | ||
| Meaning, gee, if I'm in trouble, can I put my bad asses to the Fed, or will the Fed bail out the economy? | ||
| The answer is, there is such a thing as a Fed put, but you've got to be down 20 to 30% in two or three weeks. | ||
| Yeah, then the Fed will get involved. | ||
| But you know, 3% one day, not yet, but it's a very bad situation. | ||
| Bad for Biden, you know, he's the president, at least for the time being, on the Harris ticket. | ||
| Very good for Trump. | ||
| Not good for the country, but good for Trump's re-election prospects. | ||
| Jim, talking about here the various indices that are suggesting America is in recession, you mentioned unemployment, you mentioned the markets and what have you. | ||
| I think conventionally, formally, it's two consecutive quarters of negative growth, which I don't think we're in yet, right? | ||
| But that might be fast approaching. | ||
| My question to you is when and where in the country will people start to see first the real, sort of, the real visible consequences of recession? | ||
| For example, the unemployment which we're talking about. | ||
| Where and when in the country will which states, I think, perhaps talking about some of the six swing states, where will this be felt? | ||
| And is it possible that it's going to shift the needle in November, even by a couple of points? | ||
| Right. | ||
| I would say, first of all, it's being felt now, Ben, so we don't, it'll get worse, but it's being felt now. | ||
| Obviously, the upper Midwest is always a leading indicator because of its, you know, because of its industrial base, its manufacturing base, Chinese car imports now. | ||
| Biden's sorry, Trump is going to throw tariffs on them. | ||
| So that'll help. | ||
| But he's got to get elected first and get sworn in. | ||
| So that's something we may see in 2025. | ||
| We're not here yet. | ||
| But what's interesting is that this may actually have a big impact in Silicon Valley, because a lot of the bubble, we were in a stock market bubble. | ||
| People say, oh, you can't see a bubble. | ||
| That's nonsense. | ||
| Bubbles are the easiest thing to see. | ||
| What's hard is knowing when they're going to break. | ||
| When they break, they break hard. | ||
| This one is off the top. | ||
| It's broken. | ||
| Doesn't mean we collapse tomorrow, but it's on its way down. | ||
| This is going to be felt. | ||
| A lot of it has to do with companies spending too much on artificial intelligence. | ||
| Billions and billions of dollars in artificial intelligence. | ||
| And that's okay if you get the profits out of it. | ||
| But they're not seeing the profits. | ||
| That's the problem. | ||
| It's like, okay, do the R&D spend the money on the technology, artificial intelligence, GPT, fine. | ||
| But where are the profits? | ||
| And they're not there. | ||
| Investors are reducing their profit expectations. | ||
| Stocks are going down. | ||
| But again, I want to stress the point that this is a lot bigger than the stock market. | ||
| People focus on the stock market, and they should, because their 401ks are probably in these stock index funds. | ||
| But there's something bigger than the Fed, bigger than the stock market. | ||
| It's called the economy. | ||
| And the economy is sending out definite signals that we're heading into a very serious recession. | ||
| By the way, there's something worse than a market crash. | ||
| Everyone says, gee, I don't want the market to be down 5%. | ||
| Well, of course. | ||
| But what's worse than a market crash is just a long, slow grind downward. | ||
| And this happened in 1969. | ||
| The Dow Jones was 1,000. | ||
| In 1982, the Dow Jones was 1,000. | ||
| It was 13 years. | ||
| It went nowhere. | ||
| Now, there was volatility. | ||
| It never went over 1,000 again until 1982. | ||
| There was volatility in between. | ||
| I'm not saying you couldn't make or lose money. | ||
| But for 13 years, it went nowhere. | ||
| Adjusted for inflation. | ||
| That 1982 $1,000 was only worth half than 1969 $1,000. | ||
| So 13 years went nowhere nominally, and you lost half your money. | ||
| That wasn't a market crash. | ||
| That was just a long slow grind. | ||
| We could be in for something like that, unless Trump wins. | ||
| Now with Trump, you get his team. | ||
| You get Robert Lighthizer and Peter Navarro, two of the smartest economists out there. | ||
| By the way, just to flash back to your point, Ben, about a technical recession. | ||
| Two consecutive quarters of declining GDP. | ||
| That's right. | ||
| That's the rule of thumb. | ||
| We had two consecutive quarters of declining GDP in the first and second quarter of 2022. | ||
| And Janet Yellen says it's not a recession. | ||
| It's like, you know, are you going to believe me or your own eyes? | ||
| There's a group in Cambridge, Massachusetts of liberal economists, let's say liberal, neoliberal globalists is probably a better way to put it. | ||
| They're called the National Bureau of Economic Research. | ||
| They're the umpire. | ||
| You know, they call balls and strikes. | ||
| They're the ones who decide when the recession began and when it's over. | ||
| I promise you, we're in a recession now, but they will not declare it before the election. | ||
| Maybe next January, they'll say, oh, we were in a recession in June 2024. | ||
| Well, thanks, guys. | ||
| We already knew that because we could feel it in terms of unemployment and where people are hurt. | ||
| So it's, again, bad for the country, good for Trump's reelection prospects, definite impact in the upper Midwest, but they're going to feel this in Silicon Valley as well. | ||
| Jim, I mentioned earlier somewhat facetiously that I could simply sit and watch the Kamala Harris replay trying to talk about inflation and the cost of living for a whole two hours. | ||
| My close second would be to listen to you talking about markets and the economy for a whole two hours. | ||
| It's a very close second. | ||
| Thank you. | ||
| You'll be delighted to know. | ||
| But seeing as we don't have the two hours for you, you do have a lot of output that the warring posse can still get hold of. | ||
| Where do they go to get your breakdown on the evolving market disaster? | ||
| Yep. | ||
| Thanks, Ben. | ||
| We have a landing page. | ||
| It's called RickardsWarRoom.com. | ||
| RickardsWarRoom.com. | ||
| If you go there, you'll be able to subscribe to our flagship newsletter, Strategic Intelligence. | ||
| We put a ton of work into it, all the things we're Talking about on the show, the posse can read that and stay up on it. | ||
| And again, we're very forward leaning. | ||
| We said in September 2023, we said the Democrats were going to get rid of Biden. | ||
| So we were 10 months early on that. | ||
| So that's the kind of service you can expect. | ||
| But you also get a free copy of my book, The New Case for Gold. | ||
| So if you subscribe to our newsletter, we'll send you a free copy of The New Case for Gold. | ||
| This is the only place that you can get the free copy. | ||
| Jim Rickards, God bless you. | ||
| Thank you very much for coming on the show today. | ||
| Thanks, Ben. | ||
| Thank you. | ||
| So quickly, talking about tempests in the market to hurricanes. | ||
| Striking the United States, Chris Hall. | ||
| I think you're tracking, aren't you, Hurricane Debbie that hit land in Florida. | ||
| She's now working her way up to Georgia. | ||
| There's been a number of outages with regards to telecommunications. | ||
| But you're the guys to go to, right, to avoid suspensions and interruptions in service when these things happen. | ||
| Yeah, that's absolutely right, Ben. | ||
| What we've seen is Debbie causing a lot of damage and destruction in Florida and now moving up through Georgia where it's in Charleston right now. | ||
| And the Carrollton County Dam in South Carolina apparently may be in danger of collapsing. | ||
| So there's a lot going on. | ||
| But what happens every single time is we see telecommunications lines, cell towers taken out. | ||
| And power lost. | ||
| And so you don't want to be without communications, you know, if you're in the middle of something like this. | ||
| Cell phone towers go down. | ||
| If the power goes out, the cell phone towers go down. | ||
| But satellite phones are not affected at all. | ||
| They keep working regardless, Ben. | ||
| And that's because satellite phones communicate directly with satellites in the sky. | ||
| They don't need any cell towers on the ground or anything else. | ||
| So they can make or receive calls no matter what's going on. | ||
| So this is why FEMA uses satellite phones, all the first responders and the US military as well. | ||
| Because they know wherever they are, whatever's happening on the ground, they're gonna be able to maintain communications with their satellite phones. | ||
| And look, I mean, when these phones first came out, Ben, they were $10,000, $20,000 each and people were paying 30 bucks a minute and so on. | ||
| So that was just something for the elites and for the rich. | ||
| What's happened since then is about 30 years ago. | ||
| Prices have come down, but we've really fought to bring the best deal in the country to everyone, which is a free satellite phone with activation. | ||
| You can get the Inmarsat iSat phone 2 free, which is normally around $1,000 spent anywhere else. | ||
| It's free with activation, $95 a month, gives you 150 minutes per month, and you can roll those over if you don't use them as well. | ||
| So this really is a phenomenal deal for everyone and again it will make sure that you are able to communicate should cell service go out. | ||
| You will always be able to reach out and that gives you access to life-saving services and also the ability to reach out and connect with your family members just for peace of mind if nothing else. | ||
| But your audience can go to sat123.com, that's sat123.com, or they can call us at 941-841-0844, that's 941-841-0844. | ||
| But Ben, I will just say this, that we are running low on phones now. | ||
| We've had a pretty busy week, as I'm sure you can imagine, and there's still a few months left in the year, but they don't make any more phones. | ||
|
unidentified
|
Here's your host Stephen K. Bamm. | |
| Welcome back. | ||
| So the news today that this will dominate the next 24, 48 hours is that Kamala Harris has chosen her running mate. | ||
| It is Minnesota Governor Tim Walz. | ||
| So we now have to take us up To midday. | ||
| A Minnesotan beloved on this show, on The War Room. | ||
| Huge, huge following in The War Room posse. | ||
| It's Royce White. | ||
| Royce, good morning to you. | ||
| So tell me, you, your neighbours, the wider state of Minnesota, you're all breaking out the champagne and celebrating that one of your native sons has been chosen to lead up this number two spot on the Democratic ticket. | ||
| Is that what's going on in Minnesota right now? | ||
| Absolutely not. | ||
| And first, I want to say, if Kamala Harris being picked and being given the nod wasn't an example of the commie race-baiting identity politics, then Governor Walz surely is. | ||
| And it's hard to make Kamala seem somewhat more moderate. | ||
| But if there's one person out there who can do it, it's Governor Tim Walz. | ||
| Now, it's actually impossible to make Kamala seem moderate whatsoever, if you know anything. | ||
| But Governor Walz surely makes a run at it. | ||
| Look, this is going to be A referendum on race. | ||
| I've been saying it for two years. | ||
| We're going to have to deal with these race issues and the liberals and the liberal Democrat world order is going to push race right up in your face. | ||
| And that's what Governor Walt's pick is about. | ||
| They saw what happened at that rally. | ||
| Everybody was locked in on what happened there in St. | ||
| Cloud. | ||
| It was one of the greatest Trump rallies and biggest Trump crowds, maybe on the entire campaign trail. | ||
| And there was nothing more powerful than having 8,000 American citizens here in Minnesota Sing our national anthem in one accord. | ||
| Bone-chilling moment. | ||
| The entire fake news media was there to witness it. | ||
| And now with Governor Walz, they're going to take you back and make this a referendum on 2020. | ||
| In 2020, the George Floyd thing was significant to drive that racial divide and try and make sure that all the blacks stay in their little corner so that we can cheat in Georgia or Philadelphia or Detroit if we need to. | ||
| And now we're going to replay that scenario again. | ||
| We have the chance in this country, in this movement, in this party, in my campaign even, to pull apart that Gordian Knot that is race in this country and get down to the truth. | ||
| For example, I'll give you an example. | ||
| Minnesota is one of the greatest examples of how Democrats talk about black people and minorities, yet they have no proof of adding value. | ||
| For example, probably the best example is our Department of Education here in Minnesota. | ||
| We have one of the worst racial disparities in the entire country. | ||
| Our Minnesota public education is rated the highest. | ||
| Our black communities, which have been led by Democrat Education Board for a long time, maybe the 80s, mid 80s, our black communities have the second worst proficiency rating and highest dropout rating in the entire country. | ||
| If there's a better example all throughout America of how Democrats talk about minority and black communities, But then they torpedo them from the inside. | ||
| It is Minnesota's black communities. | ||
| And I can't wait to get out there on the trail and crush Governor Tim Walz and Kamala Harris with that very fact. | ||
| Royce White, how do you think their shtick is going to go down now as America heads ever more deeply into recession? | ||
| I mean, there might be some people that will buy that kind of narrative, but when they start losing their jobs and they're confronted up in their face with the economic consequences of incompetence, how much purchase does it still have, that narrative? | ||
| Well, another fact about Governor Tim Walz is he blew an $18 billion surplus, and he's a communist. | ||
| I mean, he's a socialist, he's a communist. | ||
| These people are avid World Economic Forum globalist members. | ||
| They're not shy about it, they admit it. | ||
| His abortion policies are super extreme and so on and so forth. | ||
| I think we're the only state left in the country, one of the only states left in the country that has an abortion policy that has no number of weeks on it. | ||
| It's just up until birth. | ||
| Um, and, and certainly he is in agreement with that. | ||
| So, uh, another, another fact is that he raised taxes on Minnesotans. | ||
| Okay. | ||
| So we're looking at a communist regime and as the great Steve Bannon says, shout out to Steve Bannon, free the great Steve Bannon. | ||
| This is the, this is the death cry of a, of a dying regime. | ||
| This is the primal cry of a dying regime. | ||
| And so this is an attempt to desperately try and hold Minnesota. | ||
| And it's my view, and many people's view, if Minnesota goes, it's a sign that the rest of the working class Midwest is headed in that direction as well. | ||
| Are you looking at anything particular as the news unfolds as America is presented with its number two on the Democratic ticket? | ||
| Are you looking at anything particular to break in terms of the news cycle? | ||
| In terms of how he's welcomed favorably or unfavorably? | ||
| Well, here's what they're going to do. | ||
| They're going to allow our movement to recast the George Floyd situation in hopes that A bunch of people can kick back up the dust of what happened in 2020 and not realize that everybody who put on a Black Lives Matter t-shirt is not a part of that organization. | ||
| Even furthermore, there are many people who wore Black Lives Matter t-shirts that were greatly upset after George Floyd died about the LGBTQ agenda being pushed. | ||
| And that's the split that you now see represented in Donald Trump leading with black men. | ||
| That all started back in 2020. | ||
| And it's been building since 2012 and Black Lives Matter got started. | ||
| So we're going to see them try and kick back up the dust on the racial narrative as we would expect. | ||
| And you're going to see black people reject Tim Walz here in Minnesota, the same way that they reject Kamala Harris on the national stage. | ||
| So look for them to allow us to throw the first stone out there when it comes to 2020 and then try and say, hey, look, there's still as racist as they've ever been. | ||
| But black people are smarter than they've ever been in this country. | ||
| Royce, where do people go to catch up with your podcast and your wider outreach? | ||
| Yeah, please call me crazy still on YouTube. | ||
| I'm doing Real America's Voice every Saturday morning. | ||
| Hopefully, I think I might be hosting a war room this Saturday morning. | ||
| So that should be fun. | ||
| And we got a primary on August 13th here in Minnesota. | ||
| So if you're in Minnesota, or you know anybody in Minnesota, Don't let the neocon Republican establishment steal this primary from We The People. | ||
| I'm the Minnesota Republican endorsed candidate for a reason. | ||
| We're going to stop. | ||
| We're going to stop letting immigrants flood across our border. | ||
| We're going to stop the ever ending debt, and we're going to stop getting involved in forever wars. | ||
| And that's my platform. | ||
| Those are three things we can stop on day one. | ||
| Border, debt, forever wars. | ||
| And once again, Royce, that website? | ||
| RoyceWhite.us. | ||
| RoyceWhite.us to get involved with the campaign. | ||
| Royce, thanks very much for coming on the show. | ||
| We'll catch up again with you soon. | ||
| God bless. | ||
| God bless you, brother. | ||
| OK, so thanks for joining us today. | ||
| Coming up at noon, we've got Charlie Kirk. | ||
|
unidentified
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Natalie will be here with you at 5. | |
| The War Room will be back with you at 10 o'clock tomorrow. | ||
| It simply remains for me, before signing off, to give you all, especially on the live chat, a shout-out. | ||
| I love you all. |
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