Oct. 23, 2024 - Bannon's War Room
48:56
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| 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. | ||
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The people have had a belly full of it. | |
| I know you don't like hearing that. | ||
| I know you try 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? | ||
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
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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. | ||
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War Room. | |
| Here's your host, Stephen K. Baff. | ||
| TBO says that we go from 98 to 122, I think 124. | ||
| That's very conservative over the next 10 years. | ||
| If you extrapolate that 30 years, you get to 200% debt to GDP. And so that's something, obviously something that can't go on forever, won't. | ||
| And the question is, After this election, will there be some point of recognition, particularly with all the tax cuts that are being promised by both sides and the spending plans? | ||
| I mean, they're handing out tax cuts like they're Mardi Gras beads, right? | ||
| We're doing tax cuts on everything from tips to toucans. | ||
| So it's crazy what's being promised. | ||
| After the election, I think The fact that you've got seven to eight percent budget deficits, as far as the eye can see, the question is, will the markets allow either candidate? | ||
| I think under Trump, the deficit goes up by 500 billion per year. | ||
| Under Harris's plan, it goes up by an additional 600 billion plan per year. | ||
| I have a feeling all those are just pipe dreams. | ||
| I think the chances of any of those being enacted are... | ||
| You mean that the tax cuts that they're putting on the table during the campaign? | ||
| Those have zero chance of being enacted in my mind. | ||
| I think the markets will, the debt markets for sure, the treasury market won't tolerate it. | ||
| In addition to the problems that we have fiscally, the United States has a A net international investment position that is negative 80% of GDP. I think we've got a... | ||
| We've got our chart on that, yep. | ||
| And so... | ||
| Minus 80% of GDP is roughly over 20 trillion. | ||
| And that kind of shows, that traces the history of our net international investment position. | ||
| So just define, let me define that real quick. | ||
| It means foreigners own 80, excuse me, foreigners own 20 trillion dollars more of U.S. assets than we own of foreign assets. | ||
| That's how you get to the minus 80% or the 20 trillion. | ||
| How do we get there? | ||
| It's actually a good thing. | ||
| Why do we have so many of our assets owned by the rest of the world? | ||
| Because we're the leader in technology. | ||
| We're the greatest arena for free markets that there is. | ||
| We promote and engender Can I use that word today, engender? | ||
| We promote and engender entrepreneurialism. | ||
| We generally hold in high esteem the people the best. | ||
| So anyway, so think about this. | ||
| The problem with having a $20 trillion net international investment deficit is that you're also beholden to the kindness of strangers. | ||
| What I'm telling you is, is that we've got to be serious about where we are fiscally. | ||
| And so I'm giving you, there's a whole set of options, right? | ||
| We could go in and cut 25% of the federal workforce. | ||
| Some people may do that. | ||
| There's a website where you can go look and play with all the options. | ||
| You can raise the capital gains rate from 21 to 28%. | ||
| That only gets you $10 billion a year. | ||
| It actually doesn't get you what you need. | ||
| So I'm simply showing some of the things that you can do. | ||
| Yes, you'd have to raise the tax rate on the top, I think probably everyone over 200 grand, probably have to raise that to 49.5%. | ||
| If you do all these things, All these things. | ||
| Raise the Social Security from 65 to 70. | ||
| If you do all these things, means tests, Medicare, if you do all these things, all you do is you get to a primary balance. | ||
| What that means is you stabilize debt to GDP. You're still actually increasing your debt. | ||
| You're still actually increasing it because it excludes the interest costs, which, oh, by the way, the interest bill this year It's larger than every single line item except Social Security. | ||
| It's larger than defense spending. | ||
| Larger than Medicare. | ||
| Good morning, everyone. | ||
| Dave Bratt sitting in with Stephen K. Bannon in the War Room, one week and counting until the return of the chairman of the board for the War Room, Stephen K. Bannon. | ||
| He was put in prison illegally, in my view, by a committee that was not formed properly, and now he's not being let out following the rules of the game either on time. | ||
| But he's coming back next week, and we will be rocking and rolling. | ||
| So everybody, strap up. | ||
| We've got a great show today. | ||
| That was Paul Tudor Jones, you know, multi-billionaire fund manager, with some great commentary on CNBC. It sounded like the war room for the first part of it. | ||
| The solutions... | ||
| Not so much sure I agree with him, but the prognosis of where debt has been in an out-of-control government. | ||
| And so to discuss this, we've got in the great E.J. and Tony. | ||
| E.J., welcome to the War Room. | ||
| And what's your initial reactions to Paul Tudor Jones? | ||
| Well, David, thank you for having me. | ||
| I mean, the initial reaction is, as you just said, this sounds awfully similar, right? | ||
| This sounds like things that we've been saying literally for months, actually for over a year now, which is that we are on an unsustainable fiscal path. | ||
| That monetary policy has also been completely out of control and that we have essentially been financing multi-trillion dollar deficits on the backs of the American people via inflation. | ||
| And markets are really having enough of it, even if even if the American voter hasn't had enough of it yet. | ||
| And as you said, the solutions that are proposed here going forward are not very good. | ||
| They're certainly not populist by any measure. | ||
| It involves levying more of the hidden tax of inflation onto the American people, onto savers, onto income earners in order to pay off this massive, unprecedented debt. | ||
| In the same way, by the way, that in the 1970s, even as the federal debt continued setting new records and just really absolutely exploded, inflation was so bad that the real value of the debt was actually going down, even as the nominal value of the debt was exploding upwards. | ||
| And that is essentially their play going forward now. | ||
| So if we don't want that, how on earth do we get out of this? | ||
| Well, the right solution would be to massively reduce government spending and not just government direct spending, but also what we call government transfers. | ||
| That's things like the bloated welfare state. | ||
| So you have to get down government spending. | ||
| As he was articulating earlier, he's right. | ||
| You can raise all these different tax rates. | ||
| You're not actually going to raise that much in terms of revenue. | ||
| We don't have a revenue problem. | ||
| We are essentially collecting the maximum amount of revenue we can right now relative to the size of the economy. | ||
| So if you're going to collect more revenue, it's not a matter of of increasing tax rates. | ||
| You have to simply grow the economy. | ||
| Ironically, you do that best by reducing taxes, by reducing spending, by reducing regulation. | ||
| That's gotta be the play going forward. | ||
| Yeah, I was kind of surprised, you know, I mean, he's a Wall Street pro and a few of the things he said, you know, he says after the election, the bond market is not going to tolerate this. | ||
| Well, everybody knows the bond market is highly intelligent and forward looking. | ||
| And if there was a problem, they'd be reacting right now. | ||
| Right. | ||
| And so he was asked that. | ||
| And then he also said, you know, the key thing here. | ||
| This is Steve Bannon's thesis statement. | ||
| After 07-08, the Federal Reserve printed too much money back then in 04-05, and now they're doing it again. | ||
| And so now we've got another equity bubble. | ||
| We'll prove that point in a bit with Warren Buffett. | ||
| A little story on there. | ||
| But he said, you know, so institutionally, the key thing is you got to get, you know, not a corporate guy in there. | ||
| You got to get a Wall Street expert in there, someone from Wall Street that understands the plumbing. | ||
| And then you got to get that person working in tandem with someone from the Federal Reserve Bank who caused all this. | ||
| And so if you're making recommendations who President Trump should have in there running Treasury, the Federal Reserve, what would be your best counsel about how to put a populist, a pro-America first person in these highest rungs of power? | ||
| Well, David, I'll answer that, but let me go back to something you mentioned earlier, which is that the bond market is forward-looking and that they're not going to wait until after the election. | ||
| They're going to be reacting now. | ||
| They are. | ||
| Let's not forget, when the Fed cut by 50 basis points, in other words, reduced interest rates, their benchmark interest rate by half a percentage point, how did the bond market respond? | ||
| How did the Treasury market respond? | ||
| Yields didn't go down. | ||
| Yields went up. | ||
| Because people are increasingly realizing that the Fed does not have inflation under control, nor do they have the stomach to get it under control. | ||
| And we saw the exact same thing with mortgage rates, by the way. | ||
| A lot of the data we are getting right now on mortgage rates has to do with two months ago, not what's happening right now. | ||
| Now, since we saw the Fed cut interest rates, the average rate on mortgages hasn't gone down. | ||
| It's gone up like treasuries. | ||
| We've seen the exact same thing with other kinds of consumer debt like credit cards. | ||
| The average interest rate there has also increased since the Fed moved. | ||
| So, you know, markets are forward looking. | ||
| You're absolutely right. | ||
| They are not waiting until Election Day here. | ||
| But now in terms of like personnel questions, you know, look, Scott Besson, his name has been thrown around a lot for Treasury secretary. | ||
| The man is very, very talented, and I think he's very well aligned ideologically with President Trump. | ||
| I use that word not pejoratively. | ||
| I use it in the best sense possible. | ||
| I think he really is going to put America first. | ||
| He seems like an excellent candidate for Treasury in terms of the Federal Reserve. | ||
| Someone like Vivek Ramaswamy, I've been very, very impressed with in terms of his understanding of financial markets and the plumbing within the financial system, especially the interplay between business and government, which is so important in the Federal Reserve system. | ||
| People like those two have to, in my opinion, have to be under serious consideration for those types of roles if we have any hope of getting out of the way. | ||
| Yeah, and I hope everyone listening understands what EJ was saying, right? | ||
| We need populists in there, right? | ||
| Our betters, right? | ||
| The bi-coastal elites have put their people in charge. | ||
| They've always bailed out Wall Street over the American people. | ||
| They put the full costs on the American people. | ||
| And even Paul Tudor Jones in his piece said, I don't think he's following the numbers accurately, right? | ||
| When I was in Congress in 18, the deficit was, you know, on the verge of a trillion. | ||
| Then the budget was four and a half, five trillion. | ||
| Now it's seven trillion, right? | ||
| Trump had COVID happen on his watch. | ||
| So, of course, the spending went up that final year. | ||
| But in closing, EJ, what's the truth I just cannot comprehend the moral equivalence on the spending part, right? | ||
| Trump had GDP growth higher than the prior years. | ||
| Blue collar wages were going up for the first time. | ||
| He had to deal with COVID, you know, from China. | ||
| Any rational person would have gotten rid of the COVID checks and spending spree, right? | ||
| We sent checks to everyone in the country virtually. | ||
| Any sane policy administration would have gotten rid of that extra two trillion as soon as they could. | ||
| And so your response on the numbers, I know you've been involved in writing some pieces on that. | ||
| Well, David, one of the amazing things is that the Biden administration literally didn't have to do anything when they came into office. | ||
| They could have simply allowed the one-time emergency spending measures from COVID to expire, but instead they replaced all of that spending with crazy boondoggles like all this so-called green energy nonsense. | ||
| And the result of that was instead of a one-off, they institutionalized multi-trillion dollar deficits essentially forever. | ||
| And the problem is not only do you have those additional deficits, but now with the growing debt, you have a much higher interest expense on the debt. | ||
| For context, that's over $1.1 trillion annually right now. | ||
| So the crazy thing is if the Biden administration, again, had simply done nothing... | ||
| had allowed the one-time emergency COVID spending to expire and not replaced it with any other spending, the budget would actually balance today, believe it or not. | ||
| And that's because of the explosion of tax revenue that we have had over the last several years. | ||
| So this has been an entirely man-made problem. | ||
| It did not have to happen. | ||
| Again, going back to how we started this conversation, we don't have a revenue problem in this country. | ||
| We have a spending problem. | ||
| And for one more further piece of context, real quick, Dave, if you look at the total amount that the Biden-Harris administration has added to the debt, but also the amount of cash they have withdrawn from the Treasury's account at the New York Federal Reserve, in other words, take the total amount of overspending in other words, take the total amount of overspending by this administration, it's over $9 trillion. | ||
| It's a quarter of all the national debt of our nation's history. | ||
| Wow, that's the number. | ||
| E.J. Antony, how do people reach you and follow your writing, E.J.? Best place to find me is on X. The handle there is at real E.J. Antony. | ||
| Go look them up, folks. | ||
| All right, back after the break. | ||
| Stay with the War Room. | ||
| Spread this platform to all your friends. | ||
| So when Steve comes back, we're ready. | ||
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Here's your host, Stephen K. Band. | |
| Glitch with printers in Arizona's Maricopa County... | ||
| Honest human errors. | ||
| Some ballot issues. | ||
| Ballot anomalies. | ||
| A software glitch. | ||
| Human error here or there. | ||
| A true clerical error. | ||
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A glitch in the system. | |
| They firmly believe this was a clerical error, a data processing error. | ||
| Georgia's new voting machines are getting a late software update after officials discovered a glitch. | ||
| More than 98,000 people who were allowed to vote the full ballot in Arizona for two decades when they never showed proof of U.S. citizenship. | ||
| Dozens of voting tabulation machines in Maricopa County malfunctioning. | ||
| 273 non-citizens had accidentally been registered to vote due to human error by DPS employees. | ||
| Election officials are forced now to duplicate thousands of absentee ballots by hand there because of a printing error. | ||
| These people were mistakenly marked as having provided documentary proof of citizenship. | ||
| All of them will still be able to vote. | ||
| How does someone even get the wrong ballot? | ||
| Adams says the answer is human error. | ||
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As many as 13,400 voters in Otagami County, they made their choice for president, they filled out their ballot, but every one of those ballots had a technical glitch and the machine can't read it. | |
| Ballots were counted for Democrats that were meant for Republicans. | ||
| The county clerk came forward and said tabulating software glitched and caused a miscalculation of the vote. | ||
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Vote tabulators at roughly 20% of voting locations were unable to read the ballots because of a technical issue with printers. | |
| An error discovered by the Maricopa County Recorder's Office could affect tens of thousands of voters in November. | ||
| Last week, they found nearly 100,000 people who were allowed to register to vote, never having shown proof of U.S. citizenship. | ||
| In at least seven Georgia counties, the voting hours had to be extended because of technical glitches. | ||
| Last night there was a major software glitch that actually delayed the counting. | ||
| End the human error. | ||
| Just do it right. | ||
| I try to take notes on some of these things. | ||
| I couldn't even keep up with it. | ||
| Clerical errors, glitches, malfunctioning, human error, printing errors, 10,000 folks, 100,000 errors. | ||
| I mean, really? | ||
| You know, I'm just a simple guy in the war room. | ||
| We pride ourselves on the receipts. | ||
| We had an expert on last week who made a great, profound point. | ||
| The machines were invented not to speed things up for efficiency. | ||
| They were made to make elections more secure, to make our elections better. | ||
| So it seems like the simple solution that can end the left's gaslighting instantly is just to have the machines and then have the paper ballots as a backup and check them against the voter files. | ||
| And it sounds all American to me, but we need an expert in here to clarify this. | ||
| The person responsible for that clip and just an American patriot who's been working these issues forever. | ||
| Cleta Mitchell, welcome to the War Room. | ||
| Bring us up to speed on that clip and what's the way forward. | ||
| And I think you're going to give us an update on the Georgia Supreme Court situation as well. | ||
| I am. | ||
| Well, it's great to be with you, Dave. | ||
| Look, I mean, one of the things that those of us who've been involved in the election integrity movement have heard over and over and over again, well, all of us as citizens, we hear this every time, oops, oops, and from election officials, oops, you know, oh, Department of Transportation in Pennsylvania accidentally, oops, had a glitch that That registered 200,000 non-citizens to vote. | ||
| And that case is still in court six years later, trying to get information and trying to get it resolved. | ||
| They can fight it. | ||
| But I think the reason we put that little clip together, that video clip together, is we're going to send that out everywhere. | ||
| And we want citizens to contact their election officials and administrators and tell them, follow the law. | ||
| And make sure you don't make a bunch of errors. | ||
| Half the time, these literally are just things that they stack the ballots without making sure there's chain of custody. | ||
| And you see this mess of ballots everywhere. | ||
| No, every ballot should be treated like it's cash, like it's cash. | ||
| And it should have a chain of custody and the numbers should match. | ||
| The number of voters who checked in to vote, At a particular voting location should be matched to the number of ballots that were issued and those numbers should match and the number of votes that are certified should match those numbers. | ||
| It's like the bank teller Balancing at the end of the day, the grocery store clerk, the cashier, they don't get to go home until every penny is accounted for. | ||
| That's what we want election officials to do, is to make sure every vote, every ballot is properly accounted for. | ||
| Yeah, and I wish our Republican leadership would make that very simple, rational case. | ||
| It would save us a lot of agony. | ||
| It's just very simple. | ||
| The machines, fine. | ||
| As long as it's backed up with paper ballots, fine. | ||
| Elections on the day of Election Day, fine. | ||
| And then match it all up with the voter rolls. | ||
| Of course, one side doesn't want to do that. | ||
| And one side is just very fine with all of this, right? | ||
| Just because it's so simple and rational. | ||
| All political views are my own. | ||
| Kalita also, Rahim Kassam, one of our great friends and War Room founders, along with Stephen Bannon, I think he ran the London Breitbart and then War Room. | ||
| He had a great piece in his book. | ||
| The National Pulse. | ||
| Everyone go check out The National Pulse with Rahim. | ||
| But he brought attention to this Georgia Supreme Court case, which seems to be a mess as well. | ||
| What's going on there? | ||
| Well, look, I mean, we have in Georgia, we finally, for the first time, have a rule of law majority on the Georgia Election Board who are doing what the statutes mandate the state election board to do, which is to make rules and regulations so that everything is conducted according to the statute in every county in Georgia. | ||
| And of course, who doesn't like Well, the left hates it. | ||
| The entire Mark Elias left-wing cabal who have upended our elections, they hate this. | ||
| And the establishment Republicans in Georgia hate it. | ||
| And so all these counties objected to having to follow the law, these rules, to make them follow the law. | ||
| And I'll give you one example. | ||
| Real quickly, one of the things that people went berserk over that you heard in CNN, all the establishment media, oh my gosh, hair on fire. | ||
| The board had passed a regulation to require counting the number of ballots in the tabulator at the end of the day. | ||
| So that you could be sure that if the tabulator said 100 ballots were tabulated, that there were 100 ballots in the tabulator. | ||
| As you say, the machine, check it with the paper. | ||
| That is required by law, but the left went crazy. | ||
| The press went crazy. | ||
| And guess what? | ||
| Let me give you an example. | ||
| In May of 2022, in the Democratic County Commissioner race in DeKalb County, Georgia, They ended up, because of some questions that were raised by a Democrat candidate, they did that. | ||
| They counted the ballots. | ||
| They looked at the tabulator. | ||
| There were 1,800 more ballots than the tabulator had counted. | ||
| This is a year ago, or two years ago. | ||
| And so when they tabulated and then they hand counted every ballot and every vote in that race, So the candidate who was first shown to finish third won the race. | ||
| Now, that's what you just said, Dave. | ||
| You said that the machines should be double-checked by the paper. | ||
| They check each other. | ||
| So that was one of the rules that caused everybody to go berserk, and they sued the SEB, the state election board, and a judge last week had a hearing, and before the hearing, Before the doors closed on the way of the hearing, he issued his order invalidating all the rules. | ||
| It is clear error. | ||
| The Supreme Court initially said that they would expedite the review, and then yesterday issued a statement saying that because the state election board lawyers did not participate in the request for the expedited review, Then they would just wait and do it in due course. | ||
| And why didn't they participate in the expedited review? | ||
| Because the Secretary of State and the Attorney General said he had a conflict and couldn't represent them, the State Election Board, because the Secretary of State, Brad Raffensperger, opposed these rules. | ||
| Why? | ||
| Because he's in the pocket of the left. | ||
| And so the establishment Republicans in Georgia are responsible for not supporting this rule of law state election board and these common sense rules that merely implement the statute. | ||
| But look, we're not going to just sit back. | ||
| We are going to make sure that we are gonna fight and make sure that every one of those counties are following the statutory responsibilities, and the rules would have helped them to know exactly what to do. | ||
| They don't want those. | ||
| Okay, fine. | ||
| We're gonna take them to court. | ||
| If they do not, not me, Cleta Mitchell, but the people who are pushing for election integrity in Georgia- Right, 20 seconds. | ||
| Are going to make sure that the law is followed. | ||
| And don't accept this business of glitches and errors. | ||
| We want the election to be accurate. | ||
| So we want everybody to make sure that they're on it and talking to their local officials to say, we like you, we appreciate you, do it right. | ||
| That sounds very reasonable. | ||
| Back with Cleta Mitchell after the break. | ||
| And I'm going to cover a few seconds on illegal immigration as well, as that's the sauce that explains the establishment Republicans and the left colluding together. | ||
| Back after the break. | ||
| Stay tuned. | ||
| There's a lot at stake in this upcoming election, but regardless of who is sitting in the White House, the fuse on the economy has already been lit. | ||
| Even four years of a conservative presidency will not be enough to turn the tide on our $35 trillion national debt. | ||
| And if the left wins, it's like throwing gas on a dumpster fire. | ||
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|
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Here's your host, Stephen K. Vann. | |
| Dave Brat sitting in with the great Cleta Mitchell. | ||
| We just ended up, you know, kind of summarizing the simplicity of what elections could be if our leadership on the Republican side had more of a backbone. | ||
| But there's a reason they don't have a backbone. | ||
| It's not, you know, a lot of people say it's just courage or whatever. | ||
| There's a lot of money at stake, right? | ||
| And in the war room, the populist revolution that's taken over the country, the American people have caught on. | ||
| This show and Stephen Bannon's logic at the international level, domestic issues, all of the top three issues on this show, the economy, the Federal Reserve, the border invasion and endless wars are all money and power at their root. | ||
| And that's what this show covers every day. | ||
| And so I just wanted to go over this, right? | ||
| Cleta showed, and she's going to be back with us in one second. | ||
| But I just wanted to go over the basics of this illegal immigration piece, right? | ||
| The left wants it to get more voters, and they think that helps them out. | ||
| The conservatives in Georgia, there's a lot of golf courses down there in Georgia, real beautiful golf courses, a lot of nice hotels. | ||
| They need cheap labor. | ||
| The big money folks who influence elections, they want that. | ||
| And they're involved, and their dollar donors have been involved. | ||
| The good news is the people vote, and the dollars do not vote. | ||
| And so that process is well underway. | ||
| The Republicans who have been blocking this are in big trouble, and they know it. | ||
| That's why this has been existential on the Trump election. | ||
| All political views are my own. | ||
| Just to give you a sense of how big and how orchestrated this thing is, J.D. Vance is on the TV the other day talking to someone in the media, and she says, Well, these illegal immigrants, they've only taken over five cities and apartment condos. | ||
| So it's just five. | ||
| And JD basically said, can you hear yourself? | ||
| Can you hear what you just said? | ||
| You just said only five apartment buildings and cities have been overtaken by illegal immigrants in the United States of America? | ||
| And so what we're talking about is the influence of one issue that's not really one issue. | ||
| This illegal immigration piece is affecting our elections in this country, and that affects the rule of law and private property rights. | ||
| A couple of Nobel laureates just won a Nobel Prize for saying, shocker, that private property rights and rule of law matters. | ||
| They left off the memo that all that started in only the Judeo-Christian West. | ||
| Guys, you might want to pay attention to that in your next paper. | ||
| It's a potential improvement. | ||
| That's what's at stake in this country right now. | ||
| You see, it comes down to this religious piece, right? | ||
| It always comes down to your first principles. | ||
| Is God your first principle or are you messing around with money and power? | ||
| It's what it always comes down to. | ||
| And so, Cleta just laid out a very straightforward way to simplify elections with the machines and the paper ballots and compare them to the state voter rules. | ||
| Done deal. | ||
| Very simple. | ||
| And so I just wanted to give a little overview of what all is at stake, the way Steve Bannon has trained us in, the way to think about how all these issues are connected, and you just follow the money and the power. | ||
| And so, Cleta, in closing, you want to just react to any of those comments and then tell people how to reach you and what counsel, who should people be reaching out to in these final weeks? | ||
| Cleta Mitchell. | ||
| I'm going to give you a couple of things, everybody. | ||
| Come on, posse. | ||
| Here are the things we need to do. | ||
| Everybody needs to vote early. | ||
| Don't wait till Election Day. | ||
| Too many bad things can happen. | ||
| I think some of them are deliberate, particularly if you live in Maricopa County or any place in Arizona. | ||
| Vote early in person. | ||
| Number two, go to our website. | ||
| We've got a special website called VoteFair. | ||
| It has all the ballot issues that are on the ballots in the states that impact how the left is trying to change our election process. | ||
| Go read those ballot issues if you're one of those states. | ||
| You need to know how to vote on those ballot issues. | ||
| And the third thing is call ten of your friends. | ||
| Make sure they vote. | ||
| Make sure that you'd be surprised how many of your friends that say that they're for President Trump, they say that they want to support conservative rule of law. | ||
| Candidates end up not voting. | ||
| Don't let that happen. | ||
| And the last thing is call your preacher. | ||
| Ask your preacher to preach a sermon about why Christians should vote. | ||
| Because if every Christian, everyone who professes to be a Christian in this country would go out and vote in favor of candidates like President Trump, who are pro-life, who are pro-family, who are not going to stand by for this transgender mutilation of children and men and women's sports and boys and girls' bathrooms. | ||
| If you don't vote, Then you are giving support to those people who are trying to destroy America and our Judeo-Christian values. | ||
| So talk to your preacher. | ||
| Talk to your friends. | ||
| Vote early. | ||
| Check out those ballot issues. | ||
| We've got to bring home a big, big victory. | ||
| Too big to rig. | ||
| You got it. | ||
| Spot on. | ||
| Cleta Mitchell, 100 million Christians. | ||
| It's a duty. | ||
| It's a command. | ||
| It's not a suggestion. | ||
| You're the sovereign in We the People, this great Constitution. | ||
| It's a blessing. | ||
| We are the sovereign. | ||
| The President and Congress work for us. | ||
| And so it's incumbent on the folks with the moral values to lead. | ||
| And if we don't, this great republic will fail. | ||
| Cleta Mitchell, thank you very much for being with us today and all your hard work you do around the clock all year. | ||
| You bet. | ||
| Thank you so much. | ||
| Appreciate it. | ||
| Bye-bye. | ||
| All right. | ||
| All right. | ||
| You bet. | ||
|
unidentified
|
All right. | |
| Denver, I think we got a clip for the great Grace Chong coming in, but we're going to show a clip first and then go to Grace. | ||
|
unidentified
|
The honey badger nature of just don't quit. | |
| That famous video, he doesn't care and he doesn't quit. | ||
| He's got all these terrible habits. | ||
| He's relentless. | ||
| He will not give up. | ||
| And I think the thing went on, you know, had like 100 million views. | ||
| We used to watch it at Breitbart. | ||
| Honey Badger doesn't give a, right? | ||
| Because he doesn't give a, you just gotta do what you gotta do. | ||
| We didn't care if we played by the rules or particularly against the Republican establishment that was so straight-laced at the time. | ||
| All right, the great Stephen K. Bannon on the honey badger. | ||
| That's a great clip. | ||
| All right, Grace Chong, come on in. | ||
| Grace is going to give you an update on Stephen K. Bannon and some of the logic in the war room and more. | ||
| Grace, welcome to the war room. | ||
| Thanks for all you do every day to keep the engine room running with Mo and Cameron and the great group we have. | ||
| Thank you. | ||
| Grace, go ahead. | ||
|
unidentified
|
Thanks, Dave. | |
| Hi. | ||
| Hi, Posse. | ||
| Okay, so I wanted to read a statement from Steve Bannon. | ||
| It was sent to CNN, not in its entirety, but so I want to read it for the posse. | ||
| So this is Steve. | ||
| The queen of mass incarceration, Kamala Harris, will lose her bid for the presidency on 5 November because of Black and Hispanic men rejecting her candidacy and refusing to vote for her due to her failure to implement President Trump's First Step Act. | ||
| Tens of thousands of Black and Hispanic men should now be back with their families or on a detailed path of when they leave prison. | ||
| Harris played politics with people's lives and now she will pay for her arrogance. | ||
| Black and Hispanic men detest her and will never vote for her. | ||
| It's impossible for her to win Pennsylvania, Michigan, or Georgia without this critical vote. | ||
| Harris's BOP Keeps me incarcerated 10 days longer than is legal because of the same failure to implement the first stepped act. | ||
| So that's a statement from Steve. | ||
| And I just want everyone to know the most important thing to know about Steve right now isn't his situation of him being illegally detained. | ||
| The bigger picture of what he's standing up for is the most important. | ||
| And this is about the first step act. | ||
| It's a law that President, as he explained, it's a law that President Trump created to give thousands of prisoners a second chance. | ||
| And that decision of thousands of people, mostly black and Hispanic men, they're stuck in prison when they should have been eligible for early release or reduced sentences. | ||
| So it's tearing families and communities apart. | ||
| So that is the buried lead in all of this. | ||
| And Steve, he's been sounding the alarm And it's because it's personal for him. | ||
| He sees the bigger impact of the families of these prisoners. | ||
| And this isn't about politics. | ||
| It's about real lives being destroyed by a system that's ignoring them. | ||
| And this is why so many Black and Hispanic men are not voting for Kamala Harris. | ||
| They see what's happening in their communities and the destruction of the families, and they're fed up with it. | ||
| So Steve's fight It's about making sure that people know about what's really going on. | ||
| Don't focus on him being detained illegally for however much longer. | ||
| It's not about that. | ||
| The election just isn't about a candidate. | ||
| It's about choosing a path that supports families, offers second chances, and holds the government accountable for enforcing these laws that were made to protect them. | ||
| So we need every single one of you Posse members to get involved, make sure your voice is heard, because if we don't, these communities will be ignored. | ||
| And so vote early, vote down the ballot, and let's make sure that this issue is front and center. | ||
| And that is from Steve Bannon. | ||
| So that is a very important message that he wanted to make sure that the Posse understood to not make it about him, But to make it about these families that have been destroyed because of Kamala Harris and the Biden regime that are not enforcing these laws. | ||
| So, you know, I just want to go back to when Steve first went in. | ||
| Steve said that, you know, he was asked what about war room and all that. | ||
| Steve said that the war room would get stronger and it would be more powerful. | ||
|
unidentified
|
Guess what? | |
| We are. | ||
| They thought we wouldn't make it. | ||
| They thought that without Steve, we would collapse. | ||
| They criticized our team, they criticized our guest hosts, you know, the posse, every ounce of effort that we poured into this. | ||
|
unidentified
|
But the posse has proven everyone wrong. | |
| And I just want every posse member And our incredible guest host to feel proud. | ||
| Thank you, Dave and Ben and all of you guys. | ||
| Steve is so proud of us. | ||
| I cannot even tell you how proud he is of us because we all listen to him. | ||
|
unidentified
|
Everyone is next in this fight. | |
| Yes, okay. | ||
| So please get out to vote. | ||
| I have committed to a thousand, this is not a thousand, but a thousand postcards. | ||
| I'm writing myself, okay? | ||
| So please call, text, write postcards, do whatever you can to get out to vote. | ||
| We got to do it, and we're almost there. | ||
| I feel so good about this. | ||
| Posse, you have been tremendous in this. | ||
| Thank you so much. | ||
| You bet. | ||
| No, thank you, Grace. | ||
| And also, everybody, reach out to Grace for all the voting instruments she just pointed out. | ||
| But also, share this platform with everybody you know for the return of Stephen K. Bannon next week. | ||
| We want those numbers to blow the roof out. | ||
| And I think we're going to. | ||
| As Grace just said, we've stood strong. | ||
| We stayed on message. | ||
| And our great captain is going to be back with us in one week. | ||
| So share however you watch it. | ||
| Teach the young people, the old people. | ||
| Share the platform because Steve will energize us all. | ||
| Back after the break in one minute. | ||
| I asked my friends at Tax Network USA about this IRS crackdown everyone's talking about. | ||
| Their advice? | ||
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| Give Tax Network USA a call. | ||
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| Imagine putting this nightmare behind you. | ||
| Call 1-800-958-1000 or visit TNUSA.com backslash Bannon. | ||
| TNUSA.com slash Bannon. | ||
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| It's called title theft and it's why you need to get home title protection from HomeTitleLock.com today. | ||
| If no one's keeping an eye on your title, then it's just a matter of time until they target you. | ||
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| Use promo code Bannon and get a complete title scan of your home's title and your first 30 days of Triple Lock home title protection for free. | ||
| That's HomeTitleLock.com. | ||
|
unidentified
|
Use your host, Stephen K. Bannon. | |
| Back in the war room, Dave Bratzigan with the great Stephen K. Bannon. | ||
| I just want to go back to economics, right? | ||
| The war room is the economy, the border invasion, and endless wars. | ||
| We're going to finish up the economy part. | ||
| You saw at the opening, we had E.J. Antonion responding to some market experts about the size of our debt and the implications there. | ||
| They're huge. | ||
| And why isn't the market responding? | ||
| Well, we got a little hint as to what the stock market is thinking through Warren Buffett. | ||
| Go Google his Warren Buffett index and you'll find he thinks the stock market is about 30% to 40% overvalued. | ||
| So, all right, that's talk, that's theory, that's nice. | ||
| Let's go to a clip, though, and watch his cash position, right? | ||
| Why would you hold cash right now when the market's going straight up? | ||
| And Warren Buffett is. | ||
| He's increased his cash position from $100 billion to $300 billion, as this next clip shows. | ||
| He knows what's coming next, and I just wanted to show you this clip. | ||
| Here we go. | ||
|
unidentified
|
This question's from Johan Halen, who writes, you're sitting on $168 billion of cash, which you told us today is now more than $182 billion. | |
| His questions are, one, what is Buffett waiting for? | ||
| And two, why not at least deploy some of it? | ||
| Well, I think that's pretty easy to answer. | ||
| Warren Buffett sold a staggering $97 billion worth of stock through the first six months of 2024. | ||
| Yes, you heard that right. | ||
| As the U.S. stock market has continued to climb to uncomfortably high levels, Buffett has been dumping shares to the tune of nearly $100 billion. | ||
| You need to be paying attention to this or else you could lose a lot of money. | ||
| If you ask Warren Buffett, he'll be the first to say that it's foolish to attempt to time the stock market. | ||
| However, Buffett's actions tell quite a different story. | ||
| Take a look at this chart. | ||
| The gray bars are Berkshire's cash position at the end of each quarter. | ||
| The orange line represents the value of the S&P 500, the most frequently used U.S. stock market index. | ||
| As we can see here, despite what he may say in public, Buffett has quite the track record of building large piles of cash ahead of a stock market crash. | ||
| In the buildup to the dotcom crash of the early 2000s, Buffett grew Berkshire's cash pile by a factor of 10. | ||
| Buffett then took advantage of the bubble bursting and spent down his cash by buying up stocks for cheap. | ||
| There is also the great financial crisis. | ||
| You can see that as the stock market continued to climb, so did Buffett's cash pile. | ||
| The stock market went on to decline by a staggering 50% from its peak. | ||
| What did Buffett do? | ||
| You guessed it, he used the cash he was sitting on to make some of the biggest and most successful investments of his career. | ||
| The cash pile that Buffett has built now makes these prior examples look tiny by comparison. | ||
| As the U.S. stock market has soared, so is the amount of cash Buffett is holding, raising alarm bells that Buffett thinks the U.S. stock market is in a massive bubble. | ||
| Buffett's cash pile has now grown to a staggering $276 billion. | ||
| As you can see here, this cash pile has nearly tripled in just the past two years. | ||
| Growing from $100 billion in the summer of 2022 to nearly $300 billion as of the making of this video. | ||
| Buffett rapidly increasing his cash position has followers of Buffett very nervous. | ||
| You see in the past, when cash increased at Berkshire, it was slow and steady over a period of many years. | ||
| Berkshire Hathaway is a holding company that owns dozens and dozens of different businesses. | ||
| Back in the War Room with Dave Brat. | ||
| I usually do some charts on the show. | ||
| I don't think I need to say too much more. | ||
| That laid it out pretty clearly. | ||
| The stock market is in peril. | ||
| No one knows when. | ||
| On the War Room, we've been laying the foundations for four years in a row. | ||
| As to what you should expect, then it's not positive. | ||
| And so I want to end it right there because we have a great supporter of the War Room, Lee Wamskans with Patriot Mobile. | ||
| You see him all the time on the War Room. | ||
| Lee, welcome to the War Room. | ||
| And let us know what are you guys offering today, what deals you got going, and tell everybody about the patriotism of your great firm. | ||
| Well, I wanna start by talking about this economy you just finished up with. | ||
| And we need to support the red economy because something that we can do, everyday Americans, we're not billionaires. | ||
| But one of the necessities that we have and that we need is our cell phone service. | ||
| And at Patriot Mobile, we're America's only Christian conservative cellular service provider. | ||
| And as Christians, as conservatives, we're gonna be held responsible. | ||
| It's all God's. | ||
| Everything we have comes from God. | ||
| We're gonna be held responsible for what we did with that. | ||
| And one of the things we can do, you know, I think people get overwhelmed when they hear about millionaires like Buffett, right? | ||
| But what can we do? | ||
| How do you eat an elephant? | ||
| One bite at a time. | ||
| Take a look at every one of your household expenses, right? | ||
| One of those things right here. | ||
| We all have them. | ||
| We're all making these payments. | ||
| Are your payments going to help freedom or take your freedom away? | ||
| With Patriot Mobile, we give a portion of every dollar we earn to Christian conservative causes. | ||
| We support four pillars, the First Amendment, the Second Amendment, the right to life. | ||
| We support our military and first responders. | ||
| We were one of the first companies to come out after the October 7th attacks, not only hold rallies in support of Israel's right to defend itself, but also a public statement on Israel. | ||
| Patriot Mobile is the real deal, folks. | ||
| And we need to be very conscious about what we're doing with our dollars and our household. | ||
| Sit down at the dinner table. | ||
| Look at where your money is going. | ||
| Think about it. | ||
| Patriot Mobile is a wonderful option. | ||
| We're on all the major networks, 4G, 5G. You can bring your same phone. | ||
| You can port your phone number over. | ||
| We've got it all. | ||
| There's really no excuse left to not move your cellular service over to Patriot Mobile. | ||
| That's great, Lee. | ||
| And what she said is key. | ||
| You've got to support the red companies. | ||
| A lot of the Fortune 500 CEOs are just wimps. | ||
| There's no other way to put it. | ||
| You've seen on this show the vanguards, the state streets, the Black Rocks, etc. | ||
| They're voting your shares. | ||
| You don't even know what they're doing with your own pension funds and money. | ||
| And so Patriot Mobile stands uniquely. | ||
| Tell them a little bit more, Lee, about your service providers, why you have just as good a service as the big guns, and how do they reach you again? | ||
| About a minute to go. | ||
| Well, I'll tell you, we don't only have just as good of service because we're on all the three major networks nationwide. | ||
| The cool thing with Patriot Mobile is with one company, we have Patriot Mobile One on my one phone, I have multiple networks. | ||
| So whether I'm in a big city, a big congested area where some networks and towers work better, or whether I'm driving two hours out in the country to speak to Republican clubs, my cellular service never goes out. | ||
| That's Patriot Mobile One. | ||
| It's one phone, Multiple networks on one bill. | ||
| That's one of the things you can uniquely get with Patriot Mobile. | ||
| We have international service. | ||
| We have several products. | ||
| Patriot Mobile Connect, that is a little router about the size of a hockey puck you can take. | ||
| I take it everywhere I go when I travel. | ||
| We have more products coming out. | ||
| All the time, we are growing leaps and bounds, and we want all of your Patriot listeners to join us, patriotmobile.com, or you can call us. | ||
| But the best way is to go to our website, patriotmobile.com. | ||
| Yep. | ||
| Lee Wamsgans, thanks for being with us. | ||
| Patriot Mobile. | ||
| How do you eat the element? | ||
| How do you move this country forward? | ||
| One bite at a time. | ||
| That's the War Room. | ||
| We got the people. | ||
| We got 100 million Christians nationwide and more. | ||
| All fighting a good fight. | ||
| Together we can do it. |
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