Feb. 8, 2025 - Bannon's War Room
47:44
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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An incredibly noisy report, not just because of that large benchmark revision, but also the fact that the household survey, which is being revised right now based on census data, unfortunately is also really problematic. | |
| The Census Bureau has already said they've had a lot of problems with their surveys recently, that the data is less reliable than usual. | ||
| And so I have really very little faith, frankly, that these numbers are not going to see further revisions in the future. | ||
| The other thing to keep... | ||
| And that's... | ||
| Not just for a quarter, not for a whole year. | ||
| So this idea that somehow the numbers are in the books and they're never going to be revised again, I think we have to realize that that's just not going to be the case. | ||
| Now, going forward, one of the things we have to consider is the fact that, unfortunately, the labor market is still facing a lot of headwinds, not the least of which has to do with the fact that this nation is buried so deeply in debt, and much of the hiring that we have seen over the last several years has been based on taking off. | ||
| That debt obviously is going to have to eventually get repaid. | ||
| And if it's not repaid in terms of what you might call a nominal repayment, it'll still be repaid in real terms. | ||
| In other words, more inflation. | ||
| A lot of the government debt that was issued over the last several years has already been paid for. | ||
| It's been paid for by that hidden tax of inflation. | ||
| David, my favorite stat, with the exception of January of 1970, the unemployment rate is lower today than it was for every single month of the 70s, the 80s, and the 90s. | ||
| Wow. | ||
| Yeah. | ||
| It's really good. | ||
| Amazing. | ||
| That is amazing. | ||
| I would not have known that. | ||
| And you know what's even more impressive? | ||
| It came, the move in the unemployment rate lower actually came as the participation rate increased. | ||
| So more people in the labor market to 62.6%. | ||
| It makes it even more impressive that we got a drop. | ||
| This is the timeless scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
Because we're going medieval on these people. | |
| Here's the time I got a free shot, all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
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Mega Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
| 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
|
Warren, here's your host, Stephen K. Vance. | |
| Okay, it's Friday, 7 February, Year of the Lord, 2025. | ||
| E.J. and Tony joins us hot off of his hitting his marks on CNBC. | ||
| E.J., I'm going to start with the labor announcement. | ||
| You've been at the forefront of these numbers are cooked. | ||
| What do you think now? | ||
| President Trump's in charge. | ||
| Talk to me about it. | ||
|
unidentified
|
Well, unfortunately, Steve, a lot of the... | |
| Unfortunately, a lot of the revisions that we've seen, people are taking – essentially, they have the wrong takeaway from this info. | ||
| You were just hearing from a couple of people on CNBC talking about the unemployment rate, talking about the labor force participation, talking about the number of people listed as employed versus unemployed. | ||
| This is all coming from survey data, which relies on Census Bureau data. | ||
| In other words, we survey a bunch of households and we ask them, How many people live here? | ||
| How many people are working, not working, looking for work versus just giving up, looking for work, etc. | ||
| But then once we get those numbers, we then essentially have to multiply them by how big we think the overall population is, and we use Census Bureau data to do that. | ||
| The problem is the Census Bureau data is not reliable, not at all. | ||
| In fact, the Census Bureau has already admitted that they really botched the last couple estimations, so much so that it even affected congressional apportionment. | ||
| In other words, states like Texas and Florida should actually have more seats in Congress today than they do. | ||
| So that, I think, helps put into some context what's going on here behind the scenes with these numbers. | ||
| And also, one other real important thing to remember is the fact that these statistics do not distinguish between people who are here legally or illegally. | ||
| And the Bureau of Labor Statistics even admits that on their own website. | ||
| Steve, that's something you and I have talked about. | ||
| Quite a few times in the past. | ||
| And so because these numbers are so inflated right now, whether it's the bad readings from the Census Bureau or whether it's getting illegal aliens factored in here, whatever the case may be, this doesn't actually represent, I think, in a—well, let me put it this way. | ||
| I don't think this is a real representation of how the average American is feeling, of how the average American family has been doing the last several years. | ||
| Yeah, CNBC, they're like cheerleaders. | ||
| They just take it and think and say, hey, this is the greatest, lowest unemployment rate ever. | ||
| Everybody ought to be ecstatic. | ||
| The working class people, people got two or three jobs. | ||
| We have right now, one of our sponsors is a credit card restructuring business. | ||
| And they say their business is on fire because they said there's more credit card debt than ever and credit card debt that's non-performing. | ||
| For the reason that people aren't making enough money and they run up huge credit card debts. | ||
| Let's go back. | ||
| I want to break this down piece by piece because you've been the expert of this. | ||
| And, you know, we don't know how much longer we have you for until you actually end up going into the government. | ||
| And then we can't get our mitts on you on a regular basis. | ||
| I want to go back to the census data. | ||
| Tell the American people, tell the Warren Posse audience, what's the problem with the census data? | ||
| And has it particularly manifested itself? | ||
| In congressional representation in Texas and Florida, maybe other places, those two, because you're hearing now, oh, 2030 will set this right, which is five years from now, that given the flow of people to the South and Southwest, they're looking for red states to live in because it's ruled by common sense and not by left-wing progressive diktat. | ||
| But even now it's messed up. | ||
| Texas should have had a couple of three more, and Florida should have had a couple of three more. | ||
| So walk me through the problems with the census data first. | ||
|
unidentified
|
Well, unfortunately, Steve, some of this traces all the way back to 2020 when it was just very, very difficult to actually get census workers to go door-to-door and to get a realistic count of people. | |
| And so we had to rely much too much on estimations, which is not the point of a census, right? | ||
| Surveys make estimations. | ||
| Surveys look at a small group of people, and then they extrapolate from that what the general population is like. | ||
| A census is supposed to actually provide a survey of the entire population. | ||
| Sadly, that's not what happened. | ||
| But then in subsequent years, the Census Bureau makes continuous estimates literally every single year to try to measure how much population does each state actually have. | ||
| And to your point, Steve, many red states like Texas, like Florida, were undercounted. | ||
| Meanwhile, several blue states, large blue states, Illinois, New York, California, were overcounted. | ||
| Have too many seats in Congress right now than they actually should, and several of these states that are overwhelmingly red have too few. | ||
| And so this quite literally, especially today when you have a House of Representatives that is so closely divided, these kinds of mistakes can literally determine the apportionment, or I should say the balance of power, in Congress. | ||
| Because when you're talking about, again, a balance of power that's only a couple of seats off, change in apportionment of a Couple of seats is literally the difference. | ||
| So now, how does that impact, again, what we're talking about here today with the jobs numbers? | ||
| Essentially, these jobs reports are composed of two different surveys. | ||
| One is a survey of business, and that's where we get things like the total number of jobs or the number of non-farm payrolls. | ||
| The other is a survey of households, and that's where we get statistics like the unemployment rate. | ||
| And the problem here is that things like the unemployment rate, the labor force participation rate, the total number of people employed, etc., all of the stats that come from the household survey rate. | ||
| Right now are being skewed, and they are unfortunately being, I think, overinflated. | ||
| What's interesting is despite This overinflation from the household survey, there still is a huge gap that remains between the household survey, the number of people reporting that they're employed, as well as the number of jobs in the country. | ||
| Now, part of that has to do with the fact that a lot of people are being double counted, something that, again, we've talked about on your show quite a bit in the past under the Biden administration, and you just mentioned it with credit cards. | ||
| People are having to take a second job or even a third job to try to make ends meet because of the cost of living under Biden. | ||
| It went up so dramatically, and now they had to put so many of their expenses onto credit cards. | ||
| Now they're trying to dig themselves out of that credit card debt. | ||
| So you end up getting double counting because when you survey businesses and you ask how many people are actually working at your business, the business owner doesn't say anything about if their employee has a second job. | ||
| The business owner might not even know if any of their employees have a second job. | ||
| And so to get those types of statistics, we look at the household survey and sure enough, it shows the number of people with multiple jobs continuously hitting record high after record high. | ||
| Because again, people just literally can't make ends meet. | ||
| In this economy today. | ||
| I want to go back to, I tried to get this out in 20, for the 2020, we put a provision in there to the Commerce Department and held up in court, but then later, President Trump was talked to people around him about not having illegal aliens counted in the census. | ||
| Because we said at the time, Stephen Miller and myself said, it's going to skew everything, congressional representation, but also when you think about labor participation rates, all of it, eventually people, particularly the Secretary of the Commerce at the time, got weak need and kind of cratered. | ||
| How big a deal is that? | ||
| Talk to me about illegal aliens being counted in this in other foreign nationals rather than having a true count of American citizens. | ||
|
unidentified
|
It's a great question, Stephen. | |
| And one of the ways I think that you can really see the impact here is when you start breaking down those who say that they are employed in these surveys and you look at whether or not these people are native-born Americans or foreign-born workers. | ||
| And what we see is that with this last report, it's the end of the Biden administration. | ||
| So essentially, the Biden administration's legacy, if you want to call it that, has been the number of native-born Americans is literally right about the same as it was before the pandemic. | ||
| So here we are five years later and literally no progress for Americans. | ||
| And that's really odd when you consider the fact that this latest census data, if we are to believe it, shows a pretty sizable increase in the native-born population. | ||
| So it's very, very difficult to say. | ||
| That there hasn't been a tremendous negative impact with all this illegal immigration. | ||
| So if we then look at not native-born Americans, but now foreign-born workers, we see literally all of the net job growth since the pandemic has gone to that cohort. | ||
| Again, not native-born Americans. | ||
| You wonder, why were Americans so angry in November at the Biden administration that they refused to vote for Kamala Harris and voted overwhelmingly for Donald Trump, despite the fact that they were told month after month that... | ||
| Oh, the labor market is great. | ||
| We have all these jobs. | ||
| Maybe it's because native-born Americans weren't actually the ones getting the jobs. | ||
| And we also found out with this report, too, that the number of jobs that we thought we had in the economy, it was revised down every single month for 2024. The average monthly downward revision was about $620,000, $630,000. | ||
| So, again, it just goes to show you just how overstated these numbers have been. | ||
| Again, something we've talked about quite a lot on your show and for not just months at this point, but years. | ||
| OK, I want to go back to that. | ||
| You're saying that the restatement was average 600,000 jobs per month for a while under the Biden regime? | ||
|
unidentified
|
Right. | |
| So if we look at the level of jobs every single month, each of those levels was revised down every single month for 2024. | ||
| And if you average out how large each of those revisions were, some were 500-something thousand, some were over 700,000. | ||
| But the average downward revision for the jobs level was a little over 600,000, about 620 or 630,000. | ||
| So again, it points to the fact that the economy was really, especially the labor market, was never as good as the Vine administration led everyone to believe. | ||
| And you can only tell people, I think, so many times, don't believe your lying eyes, don't believe your empty wallets. | ||
| At some point, people say enough is enough, and they just don't believe the tripe they're being fed anymore. | ||
| How can the Bureau of Labor Statistics, I mean, is that by accident or design? | ||
| How can they be consistently that bad and not have some sort of correcting algorithm or correcting management sit around the table and say, guys, this is ridiculous. | ||
| Are they doing it on a purpose? | ||
| Are they that incompetent? | ||
| Or are the rules and regulations of how they have to count? | ||
| Kind of these general surveys. | ||
| In other words, is it a process issue? | ||
| Is it a competence issue? | ||
| Or is it just malfeasance, sir? | ||
|
unidentified
|
Great, great question, Steve. | |
| And I think there's an important distinction to make here. | ||
| So on the one side, in terms of that first part of your question, how did we get here? | ||
| How are the numbers this bad? | ||
| A lot of that is procedural. | ||
| A lot of that is there are things that changed in the economy after COVID, and there's no doubt about that, right? | ||
| And unfortunately, previous assumptions, previous methods, methodologies, et cetera, no longer work well today. | ||
| And that is pretty clear. | ||
| We can go into how these matrices are constructed and everything and the different assumptions that are baked into the models, and we can actually find the problems. | ||
| So there's no mystery there. | ||
| The real mystery is why nothing has been done about it, because these problems really first started becoming evident about March of 2022. There were some signs before that, but you can easily dismiss that as noise. | ||
| But once we get to about March of 2022, it becomes... | ||
| it becomes very, very clear there are significant problems. | ||
| And then it becomes a question of, all right, why is it that over the last almost three years now, nothing has been done to correct these underlying issues, right? | ||
| And from that clip you played earlier, this idea that somehow these big downward revisions are over, I'm sorry, that's just not the case. | ||
| The next annual benchmark is going to cover the last three quarters of last year as well as the first quarter of this year. | ||
| In other words, it's going to cover from March of 2024 through March of this year. | ||
| And unfortunately, the best data that we have available So, yet again, we're not really going to have a good sense of how bad things have been. | ||
| For literally another 12 months. | ||
| And I'm sorry, but that's just inexcusable. | ||
| In an age like today, where it is so much easier to collect data, especially on a large scale, you can't tell me that we can't do a better job. | ||
| I'm sorry, but we certainly can. | ||
| Okay, there's two things that change. | ||
| Number one, I've got Donald John Trump's the president. | ||
| And number two, Elon Musk's got Doge. | ||
| I mean, how can this continue to go on? | ||
| President Trump's going to—he's a numbers guy. | ||
| He's going to want accurate numbers. | ||
| No matter how bad they look or how great they look, he wants to actually see what reality is. | ||
| What is your recommendation now, which a clip will get to the president, if he's not watching live? | ||
| And I understand he's a little tied up today down in Mar-a-Lago, but how— What would be your recommendation to Elon Musk's team, number one, and number two, to the President of the United States to sort this mess out? | ||
| Because whether they're good numbers or bad numbers, or whether the numbers are favorable to President Trump's policies or not, he wants to see accurate numbers. | ||
| So how do we get back that we can actually see what's going on as manifested in the math? | ||
|
unidentified
|
Steve, another great question. | |
| And I think you're absolutely right that what the president wants fundamentally are the right numbers, whether they're good or bad. | ||
| Because if you don't start from good data, then you're never going to be able to solve the problem, right? | ||
| It becomes garbage in, garbage out. | ||
| So, all right, to your question, what do we do from here? | ||
| I think what you need is for Elon Musk's team, what they're doing at places like USAID, they need to go and do that at the Bureau of Labor Statistics. | ||
| They need to go through that organization with a fine-tooth comb. | ||
| And they need to figure out, what does everyone there do? | ||
| Because clearly, there must be a lot of folks who are either doing nothing or they're doing counterproductive work in order to produce so many, frankly, garbage reports so frequently. | ||
| So that's number one. | ||
| Number two is, I think we, again, need to reevaluate the procedures, the processes, how we not only collect, but how we essentially then calculate these numbers and then how we disseminate them. | ||
|
unidentified
|
Because the old way of doing things just isn't working. | |
| This is all in drastic need of a major, major update. | ||
| This is over—the Treasury doesn't do this. | ||
| That's Commerce, correct? | ||
| Commerce Department—the Bureau of Labor Statistics is part of the Commerce Department. | ||
| Labor Department, okay. | ||
| Oh, Commerce does the Census. | ||
| Commerce does Labor. | ||
| Labor Department, have you had a chance to brief the new Secretary of Labor? | ||
|
unidentified
|
Steve, I have not, but I would be more than happy to do so. | |
| I am shocked at the number of people I talk to who are pretty high up in different levels of government who don't understand, again, how these surveys, how these reports are conducted, how they're assembled, how they're disseminated. | ||
| It's really, really troubling that, again, we just don't have enough people in positions of power who have a good grasp on what's going on under them, ostensibly in their name. | ||
| One thing I want to get and make sure I understand it fully, because I said on the morning show there's 70 million working-age men not in the labor force today, and that is white, African-American, and Hispanic. | ||
| Am I accurate? | ||
| What is the labor force participation rate, but how many actual able-bodied seamen are not in the labor force today, sir? | ||
|
unidentified
|
Steve, it's a great, great question. | |
| Now, again, I would say take some of these numbers with a grain of salt because from the bad census data that we were just talking about earlier, that's going to skew some of these numbers. | ||
| So I'll give you a range here that we're looking at somewhere between 6 and 9 million men who could be in the labor force today, who could be doing productive work, providing for themselves and potentially families, but they're not doing so. | ||
| Now, why on earth is that happening? | ||
| A couple of different reasons. | ||
| One of which is the fact that the Biden administration has expanded welfare so much. | ||
| Under the previous administration they not only increased how much you could get in welfare expanded it in that sense but also expanded it in terms of Who is eligible? | ||
| And they reduce things like work requirements. | ||
| So it had a whole lot of very negative effects, right? | ||
| Art Laffer has said countless times, if you want more of something, subsidize it. | ||
| If you want less of something, tax it. | ||
| Well, they have been taxing work and they have been subsidizing non-work. | ||
| So it should be no surprise that you get fewer people working and you get more people not working. | ||
| That's exactly what we saw under the Biden admin. | ||
| It would be great if Trump could roll back. | ||
| The other big component of this has to do with illegal immigration. | ||
| We all start our careers, no matter where we end up, we all start our careers as low-skill or no-skill labor. | ||
| And when you flood the country with illegal immigrants who mostly have no skills or low skills, then what ends up happening is that cohort, because of the increase in labor supply, the price of labor goes down, what we call the price of labor wages. | ||
| And so Americans, when they're first trying to And again, a big portion of that has to do with illegal immigration over the last four years. | ||
| And because of that massive disincentive to work. | ||
| You're going to have to start your career essentially earning absolutely nothing, even less than you might consider a normal start to your career, a normal first job. | ||
| The consequence of that is a lot of people say, forget it, I'm not going to do that, and they sit home on the couch instead. | ||
| And that includes, again, a lot of these young, able-bodied men. | ||
| Last question. | ||
| Net job growth, you're saying, net job growth over how long has included All the net job growth is going to non-Native-born folks, not Native-born American citizens. | ||
| How long has that gone on for? | ||
|
unidentified
|
That's from January of 2020 all the way through January of 2025. Now, the reason we go January to January instead of February 2020 to January 2025, since February is technically the last month before the pandemic, we want to go from one month to the same month in another year. | |
| The reason for that is these data are not seasonally adjusted. | ||
| In other words, there are very big swings in some of these data sets that happen simply because of seasonality, right? | ||
| A lot of native-born Americans, for example, take extra jobs in November or December around the holidays, and a lot of them then get laid off in January. | ||
| You see another surge in employment among native-born Americans every July because a lot of college kids come home from their spring semester and they get a summer job. | ||
| And then a lot of them then lose that job in August or September when they go back to school. | ||
| So you don't want to necessarily look at the month-to-month change. | ||
| That can be very unreliable, and you might be looking at... | ||
| Seasonality trends. | ||
| So we go from January of 2020 through January of 2025. And there you see almost no change at all for native-born Americans. | ||
| So all of the net job growth that we've seen, again, over the last five years, has gone to foreign-born workers. | ||
| I want to repeat that for the audience before I let you go. | ||
| You're saying for the last five years that... | ||
| The net job growth, that means lost jobs and increased jobs, that all the net job growth has gone to non-Native-born people. | ||
| Now, American citizens in the last five years have really participated at zero in the net job growth. | ||
|
unidentified
|
That's right, Steve. | |
| And again, I want to emphasize something that we mentioned earlier, and we've mentioned on previous episodes of your show, too, the fact that the Bureau of Labor Statistics admits, they put it in literally every single one of these monthly jobs reports, they admit that that category includes an unknown number of illegal aliens. | ||
| And so this idea that somehow there is no competition among foreign workers who come here illegally or illegally, there's no competition among them and native-born Americans. | ||
| I'm sorry, but that's just not the case. | ||
| For crying out loud, it's called the labor market. | ||
| The word market is right there in the name. | ||
| It has competition. - It's unbelievable. | ||
| This is where you see that kind of seething anger that's right below the surface is summarizing that statistic. | ||
| And it's not an aberration, it's not one year, It's not 18 months. | ||
| It's not six months. | ||
| It's five years. | ||
| E.J. and Tony, you are quite brilliant. | ||
| I'm glad CNBC has given you plenty of airtime, a squawk box in the shows right afterwards. | ||
| Where do people get you? | ||
| Where do you get your website with all your writings, which are brilliant, and your social media? | ||
| And you should know, E.J., if you want to keep up on economics, his Twitter feed is pretty informative. | ||
|
unidentified
|
Thank you, Steve. | |
| Best place to find me is going to be right there on Twitter, and the handle is at Real EJAntoni. | ||
| Just do me a favor, everyone. | ||
| Look for the blue checkmark, because there's now a bunch of crypto scammers who are impersonating the account. | ||
| Because they know that you speak with authorities. | ||
| That's where they're going to try to scam people. | ||
| EJ, you're a national treasurer. | ||
| Thank you for being on here, brother. | ||
|
unidentified
|
Thank you, Steve. | |
| Pleasure's all mine. | ||
| Of all the guys, men and women, we've gotten into the administration, a very high priority for us is E.J. and Tony. | ||
| President Trump and the team over there, that guy speaks truth to power. | ||
| Unbelievable in the labor statistics, the best guy I know. | ||
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| Short break. | ||
| Back in a moment. | ||
|
unidentified
|
Pressure on in every possible way. | |
| But that really hit those cartels in the pocketbook like you wouldn't believe. | ||
| They were making sometimes more money than they were on drugs out of that. | ||
| And now that's gone. | ||
| The only thing they have left now is fentanyl and drugs, and now you've got Mexican military guys getting right in between them. | ||
| And back of them are the U.S. Marines with, you know, Reapers and all kinds of surveillance stuff. | ||
| So I think things are going to go kinetic. | ||
| I have a source that's a really good source. | ||
| I'm not going to obviously say it is. | ||
| It's telling me that there is tabletop planning right now for the immediate future. | ||
| To using U.S. intelligence and certain Mexican units to go kinetic on narcotics depots, on fentanyl labs, and places like that. | ||
| When that happens, I mean, get ready. | ||
| There's going to be fireworks. | ||
| These cartels are money-hungry. | ||
| They're brazen. | ||
| They're incredibly well-armed. | ||
| From, you know, making billions and billions of dollars on the human smuggling for four years. | ||
| What do you think they did with that money? | ||
| They invested it in arms. | ||
| And they are armed up to the teeth. | ||
| And they're not going to just sit back there and lose their drug business. | ||
| They're not without a fight. | ||
| So I anticipate some fireworks. | ||
| Military. | ||
| Our troops. | ||
| U.S. military at the border with weapons. | ||
| Using weapons if need be. | ||
| They need to protect themselves. | ||
| But the cartels, again, let me give the cartels a warning. | ||
| If you are a barbitral agent or a soldier, the whole world's going to come down to you. | ||
| President Trump is a strong president. | ||
| He is strong enough, and he has the ability to wipe them off the face of the earth. | ||
| Now, that's the reason they were called a terrorist organization, designated terrorist organization, because they've killed more Americans with their fatten on their drugs than any terrorist organization in the world. | ||
| They are now designated terrorists. | ||
| Do not harm our troops or President Trump or bring hell rain down. | ||
| And he has the ability to wipe them off the face of the earth. | ||
| They claim they're a pretty tough organization, the cartels and they are, but they're not stronger than the power of President Trump. | ||
| I want to tie it back to E.J. and Tony. | ||
| Remember, there's no net job growth over the last five years for American citizens. | ||
| Embrace that for a second. | ||
| Net job growth over five years with the Biden regime putting on, I think, six or seven trillion dollars on the national debt. | ||
| We're running two trillion dollar deficits every year, two trillion dollar deficits in all those years. | ||
| And net job growth did not go to American citizens. | ||
| How does that happen? | ||
| 60% of the American citizens can't put their hands on $1,000 in cash. | ||
| 60% of the households. | ||
| And what Holman and Benzman are telling you is not simply the fentanyl. | ||
| We've got to make sure that the country is hermetically sealed. | ||
| You can't have any more invasions of illegal aliens. | ||
| You've got to stop the invasions. | ||
| You have to then deport all the people to get wages back right. | ||
| You then have to stop the scam on all the visas, all the phony visa programs that let indentured servants, particularly from South Asia, who are exploited, the exploitation of those folks in here, to compete with American labor. | ||
| Over the last five years, given the fact that we ran up trillions of dollars of national debt and have deficits of $2 trillion a year, Which American citizens have to pay back. | ||
| You're the ones paying the interest on it. | ||
| No net job growth for American citizens. | ||
| Embrace that. | ||
| That's the scam. | ||
| That's the con. | ||
| And finally, President Trump designated the cartels as terrorist organizations to allow us to go to all types of things about stopping their financing, but particularly ability to go kinetic. | ||
| And the Mexican military is going to be part of this. | ||
| But you heard Benzman right there. | ||
| They're working on right now, and you heard Holman. | ||
| And you saw in Zero Hedge the other day, we sent the almost, I guess, like the old AWACS aircraft down, the spy aircraft, like a platform down Baja, searching out what the cartels are doing over in the mainland. | ||
| And it's going to go kinetic because these cartels have to be broken to stop the fentanyl, stop the human trafficking, but also send a signal there's a new sheriff in town. | ||
| And we're not going to just let our country be invaded anymore. | ||
| This is outrageous. | ||
| You're left with the debt that's caused inflation. | ||
| You have to pay back the crowding out so that entrepreneurs like Mike Lindell can't get capital, the crowding out of capital. | ||
| And if it had net job growth of, I don't know, 10% for the American citizens, it'd still be tough to rationalize. | ||
| But you could kind of make an argument, well, this was to build a job force for American citizens. | ||
| But it's the exact opposite. | ||
| 100% of net job growth in the last five years have gone to non-citizens, not people, not native-born Americans. | ||
| I'm not a nativist. | ||
| But working-class whites, blacks, Hispanics deserve a shot here. | ||
| And they don't need to compete against the world in their own country. | ||
| In their own country, they can compete against the world in their manufacturing, what their labor rates are, productivity rates, all of it. | ||
| The same with the kids coming to these engineering schools. | ||
| They can compete with the world. | ||
| In the world. | ||
| They shouldn't have to compete with the world for a job, particularly for an entry-level tech job, in their own country. | ||
| It's not what their grandparents built this country for, their great-grandparents, their parents. | ||
| This is an obscenity. | ||
| It's the twisted logic, the twisted logic of the people that run this country. | ||
| And Holman and Benson are telling you that this thing with the cartels could go kinetic. | ||
| I think you have to very quickly cut them off from every source of financing and banking and use the Swiss system. | ||
| You have to choke them down. | ||
| Eventually, you have to choke down the Chinese Communist Party. | ||
| But eventually, I think you're going to have to drop the hammer. | ||
| And I believe Mexico is going to be at the tip of that. | ||
| I think President Chambon has been different than her mentor, who I think was kind of owned by the cartels. | ||
| She sent 10,000 troops to the border. | ||
| We've sent troops to the border. | ||
| I think something's going to happen. | ||
| I think they're going to lead the way. | ||
| But, hey, since it's a terrorist organization, it gives us wide latitude for paramilitary operations. | ||
| You think that sounds turbulent enough? | ||
| You saw the markets today with President Trump even talking about reciprocity on tariffs, and he's talking that because of the Japanese, the mean with the Japanese. | ||
| You saw the markets all over the place. | ||
| This is why, more than ever, We lay out the macro case all the time. | ||
| We lay out the geopolitics. | ||
| More than ever, you've got to go talk to the guys at Birch Gold. | ||
| Philip Patrick, one of the things we do with sponsors is to make sure that we deal with these folks and that you will have a relationship with senior management. | ||
| Mike Lindell is going to be here in a moment. | ||
| You've seen it's been a great partnership between the War Room and Mike Lindell and MyPilla because Mike Lindell is available. | ||
| People have been calling. | ||
| People see him, talk to him about it. | ||
| He's a great guy, very open and not just part of the... | ||
| The movement, the MAGA movement, one of the foundational members, but just a great guy that people are accessible to. | ||
| So is Philip Patrick, the team. | ||
| This is why Birch Gold is kind of on fire. | ||
| Want to make sure you go to birchgold.com slash Bannon, end of the dollar empire, get all the information. | ||
| They got another brochure, investing a gold in the age of Trump, which I think you need to read because it's very smartly laid out. | ||
| But then talk to Philip Patrick, the team, birchgold.com slash Bannon. | ||
| Do it today. | ||
| Or just take your phone, text Bannon at 989898. You get all the different information, 401ks, IRAs. | ||
| Those details are what the Birch Gold guys walk you through. | ||
| Mike Lindell, big day. | ||
| Faith office announced the Pam Bondi signed the task force on making sure that Christianity is no longer attacked. | ||
| By what taxpayers pay for a government, and they end up attacking Christians. | ||
| It's ridiculous. | ||
| You've done the cross. | ||
| Talk to me about that. | ||
| Your faith, what the cross shows today being kind of the culmination of 48 Hours National Prayer Breakers yesterday, of President Trump's support of Christianity. | ||
| Absolutely. | ||
| And Steve, you know, it's kind of funny, but back in the day, everybody, when I was my only call center, And I wasn't even saved yet. | ||
| I haven't completely surrendered my life to Jesus Christ, but I always wear my cross. | ||
| And I'd have people calling out, going, you're just using your cross to sell pillows. | ||
| And I said, no, I always wear my cross. | ||
| And I would literally email them or text them pictures of me wearing my cross when I was in the crack houses, when I used to be an addict. | ||
| So I always wanted to be that person. | ||
| And I did a full surrender February 18th of 2017, everybody. | ||
| But, you know, God was always chasing me. | ||
| And I'll tell you, you know, what our faith has done these last four years, everybody, when people came up to me all the time and they're saying, Mike, you know, when you spoke at the Rose Garden in 2020, you said, God has given us grace for such a time as this, and they go, this sure doesn't feel like grace. | ||
| Well, you know what, the last four years, you know, and I kept telling everyone, you know what, God uses all things for good, and that those who believe, and look what's happening now, the manifestation where, you know, of the four years, and even longer than that, this spiritual battle. | ||
| Epic proportions, biblical proportions. | ||
| And to see things like, you know, Pam, what an awesome job. | ||
| When you said before, Steve, too, I want to bring this up. | ||
| You talked about, you know, the illegals and the cartels, you know. | ||
| My recovery network that's being attacked now, a Christian network, this is all, you know, all the drugs and people that are on drugs and stuff and the fentanyl that poured into our country. | ||
| But one of the things everybody, when we, when I talked to, when we were doing our flipping Democrat program. | ||
| And we were in Chicago. | ||
| The number one thing there was the illegals taking their jobs. | ||
| And also even about the fentanyl pouring, the people had died from the cartels. | ||
| So you have two things, all these problems getting... | ||
| Solved now, or at least the door's getting shut on. | ||
| God's allowing us to shut doors that no man can open and open doors that no man can shut. | ||
| We're coming into a new, amazing time in history for Christianity and for people. | ||
| I'm so excited, Steve. | ||
| Every day is a new excitement. | ||
| Talk to me about, I mean, you've done so much work on the stealing of the 2020. You were one of the first guys to say it was providential, quite frankly, that it was stolen because we see much more. | ||
| How has this been for you? | ||
| I know the campaign, you did such work. | ||
| You worked like crazy. | ||
| You now had a chance to spend more time with the business. | ||
| But what have these first couple of weeks meant to you, the days of thunder? | ||
| Well, it's been, you know, people say, Mike, you've been vindicated, you've been vindicated, you know, and you guys, for me, my big goal is to get us to secure our election platform so 2020 never happens again or any other election. | ||
| We want to have elections, not selections. | ||
| Our great president wants us to get to a day where we have paper ballots, hand counted, same-day voting, voter ID, what a concept. | ||
| So that's where I'm at, Steve. | ||
| I think it's going to be a lot easier for my teams to move forward and get to that point before the 2026 elections. | ||
| And I'm going to be bringing full reports to the White House of what we did the last four years, where our successes are right now. | ||
| And you learn all these things. | ||
| We learned so much the last four years. | ||
| For me, it's almost like it's a big relief in that space because there's so many politicians that I got to meet over the last four years. | ||
| I know most of the attorney generals, a lot of the secretary of states, and there's actually some good ones that were put into place. | ||
| We actually have, before we had none. | ||
| Now we have just a handful. | ||
| And then everyone that President Trump has been appointing. | ||
| They're all going, wow, this one's all for securing elections. | ||
| This one over here, they're all for the same thing. | ||
| We all want. | ||
| And this is just not just Republicans. | ||
| This is all people. | ||
| People want to have secure elections. | ||
| And, you know, so that's where I'm at. | ||
| And I'm very excited. | ||
| I feel as we move forward here, we get to CPAC. We're going to do, this is going to be like a relaunch, everybody, that we're doing. | ||
| And my teams, we're just, we're going to. | ||
| Over the last month, we've just kind of digested all these successes, what states we think can get to that point before others. | ||
| Also, I'm going to work with our president from the top down, what he can do to get to that great day where we have secure elections. | ||
| Remember, I think it was Obama deemed our elections critical infrastructure. | ||
| Well, we've got to treat him as such, but there's a lot of things by him doing that that— Come into play like, hey, maybe you shouldn't have machines made with foreign parts in our elections. | ||
| There's a lot of things like that, Steve, that come into play that we've learned now. | ||
| And we've got great teams on the ground. | ||
| And then now we have a White House and an administration that's going to help us get to that point that we've been fighting for. | ||
| Tell me about the crosses and tell me about the great special you've been running. | ||
| You guys can all respond to this. | ||
| We want everybody at the War Room Posse. | ||
| It's kind of like a real word. | ||
| If you've never tried a MyPillow 2.0, we have this called the War Room Exclusive. | ||
| This is a multi-use MyPillow with all the cases. | ||
| We have five different cases for $9.98, everybody, with free shipping. | ||
| We're going to put a strict limit of $15 on it because once they're gone, they're gone. | ||
| I'm kind of humbled the one with me holding the flag is almost gone, by the way, everybody. | ||
| But this gives you a chance to try a MyPillow, a very functional pillow, and these that were made during these times of saving our country. | ||
| So you go to the MyPillow website. | ||
| Go to MyPillow.com. | ||
| Make sure you all scroll down until you see our great leader, Steve, if they click on it, and there you get the crosses. | ||
| This is a War Room exclusive. | ||
| Save 30%. | ||
| There you see the 998 pillow special. | ||
| All the other pillows now, we've put the premium MyPillows. | ||
| We've sold 83, 84 million of the MyPillows now. | ||
| And you guys made that possible. | ||
| We put every one of them on sale for the War Room Posse. | ||
| And we've got the per kill bed sheets we just put on sale for the exclusive for the War Room Posse. | ||
| But I always want to tell you guys, when we have this free shipping for the promo code War Room on your entire order, take advantage of the mattresses. | ||
| And the MyPillow mattress toppers. | ||
| Both of them. | ||
| We have mattress pads too. | ||
| 100% made in the USA. Helps all my employees. | ||
| It helps us sponsor this great show. | ||
| And it helps you get the best sleep in history. | ||
| We all need sleep now. | ||
| Now we're proactive. | ||
| Before we were reactive the last four years learning, now we're proactive. | ||
| We still need great sleep and great energy because our work's not done and we're going to get there and it's going to be amazing. | ||
| Mike Lindell, thank you so much. | ||
| Looking forward to seeing you at CPAC. It's going to be great. | ||
| It's going to be fun. | ||
| You're going to do some relaunches, so it's going to be fantastic. | ||
| MyPillow.com, promo code WARM. Go check it all out today. | ||
| Sir, you've done great work. | ||
| You've been laboring in the vineyard. | ||
| Thank you, brother. | ||
| Before we leave tonight, especially tomorrow, we're going to be at Harvard. | ||
| We're going to be broadcasting live from Harvard Square. | ||
| And we're going to have some interesting guests on tomorrow. | ||
| You don't want to miss that show. | ||
| I'll actually be speaking later in the day over at Harvard Square. | ||
| And it's going to be quite fascinating. | ||
| I have not been back in quite a while. | ||
| CPAC. Go to cpac.org slash war room. | ||
| Get a 20% discount. | ||
| The tickets are only $76. | ||
| With a ticket, you now just get all the four days at CPAC or three days at CPAC. We're also going to do a force multiplier academy. | ||
| We're also going to do an entry party on, I think, Thursday night. | ||
| We're going to do a brunch on Sunday morning. | ||
| I don't know, maybe throw in another party and serenade. | ||
| Who knows? | ||
| It's going to be a great time to meet and greet all the Warram Posse. | ||
| So go to cpac.org slash Warram. | ||
| Tons of free stuff. | ||
| You get $76 for a general mission ticket. | ||
| And you're going to get all types of other things. | ||
| We're going to be broadcasting for all three days there with Real America's Voice. | ||
| Got a special, since we've created so much noise that we're in posse, so loud and unruly, as we love you, we're going to have our own special kind of stage. | ||
| It's going to be down near where the Patriot Mobile is going to be. | ||
| Also, Megyn Kelly and all the big podcasters are going to do their podcast right next to us in this little setup so they can have a live audience. | ||
| And maybe we'll jump over there and participate. | ||
| We're really looking forward to it. | ||
| Very excited. | ||
| So CPAC.org slash War Room. | ||
| 76 bucks is the ticket. | ||
| Make sure you get it. | ||
| We'll see you there. | ||
| Force Multiplier Academy on Wednesday, the day before. | ||
| Then we're going to have a party on Thursday night that all you guys are invited to. | ||
| We're going to put that up so you can RSVP. | ||
| You have to have a ticket to RSVP to the... | ||
| To the Force Multiply Academy and to the party. | ||
| And we're going to have a farewell brunch for everybody on Sunday. | ||
| That'll also be totally free for everybody. | ||
| And we may even do a party on Saturday if I can figure out a venue and how to have it. | ||
| So my point is you're going to have a great time. | ||
| CPAC.org. | ||
| I'll be one of the keynote speakers. | ||
| I'll give you the time and date on that later. | ||
| But looking forward to seeing everybody meet and greets, breakout sessions. | ||
| Our entire crew will be back. | ||
| Everybody from... | ||
| Grace Chong, Mo Bannon, Jane Zirkle, whoever hasn't gone in the administration, the great Natalie Winters will be there, everybody. | ||
| And today, the president talked about tariffs on autos. | ||
| I told you in the morning show that was going to come up. | ||
| It did come up. | ||
| It's a big deal for President Trump. | ||
| It's a very big deal for President Trump. | ||
| So it came up today. | ||
| It's going to be more turbulence, markets kind of all over the place, gold at near all-time highs. | ||
| It hits an all-time high that maybe backs off a little bit. | ||
| It's not that it's an all-time high. | ||
| It's the reason it's an all-time high. | ||
| That's what you need to know. | ||
| We lay it all out for you and all the free information we put up at birchgold.com. | ||
| But Philip Patrick and the team can talk to you about how you get into gold, how you do it maybe on a tax-deferred basis or tax-free basis. | ||
| Birchgold.com. | ||
| Talk to Philip Patrick or go Bannon, B-A-N-N-O-N at 989898 and get everything free. | ||
| When you talk about this confrontation, Japan today was talking about defense. | ||
| Defense against what? | ||
| Defense against the Chinese Communist Party. | ||
| And a big part of that was about the supply chains. | ||
| And remember, the Chinese Communist Party can cut us off at any time because they control 100% of what's called API, active pharmaceutical ingredients. | ||
| Yes, they make 100% of it. | ||
| Generics, I think they do 80%. | ||
| India does 20%, but that 20% India is tied to active pharmaceutical ingredients. | ||
| Where does that leave us? | ||
| Jace Medical. | ||
| Get the Jace case. | ||
| Jace Medical took Rosemary Gibson's book and turned it into a business. | ||
| She warned us about the supply chains. | ||
| They did something about it. | ||
| Dr. Sean Rollins and the team. | ||
| So go to jacemedical.com, put in band, and you get a discount. | ||
| Do that today. | ||
| Okay, we're going to leave you with the right stuff here on a Friday. | ||
| I want to thank everybody. | ||
| Tomorrow morning, we'll be from Harvard Square at Harvard University. | ||
| A show you're not going to want to miss. | ||
| So we'll see you tomorrow morning at 10 a.m. | ||
| Eastern Standard Time. |
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