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March 11, 2023 - Timcast IRL - Tim Pool
02:05:07
Timcast IRL - Reps Matt Gaetz And Dan Bishop Join To EXPOSE J6 Breaking news w/Steve Bannon
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matt gaetz
36:32
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steve bannon
38:09
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tim pool
32:09
Appearances
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ian crossland
01:28
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phil labonte
02:04
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Speaker Time Text
unidentified
You How's it going everybody
tim pool
We are once again at the Capitol, basically.
We got a lot of news to talk about, but we're going straight to the source to figure out what's going on.
Over this past week, we got a lot of information about January 6th, and I think some of the most interesting and most important revelations, maybe even in our generation when it comes to government malfeasance and politics, is that FBI agents were apparently trying to or may have actually deleted evidence in a January 6th or multiple January 6th cases This information comes out, apparently implicating that some feds were actually involved in trying to obfuscate their involvement by requesting the removal of their name from evidence.
This is freaky stuff.
So we're gonna talk about that.
We got a bunch of other stories that may or may not come up.
I saw a viral tweet where, on The View, Jane Fonda alludes to murdering people who are pro-life in a rather shocking statement, and then immediately everyone starts laughing, saying, oh, it's a joke, it's a joke.
And then she gives this look like, Yeah, I don't know if they're joking, and that's kind of freaky.
I don't want to be hyperbolic, but considering everything we've seen, it's been getting pretty crazy.
So we're going to have an awesome show.
We have a bunch of guests coming in.
We're literally sitting in Matt Gaetz's office.
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we're going to have some breaking news tonight.
Joining us tonight first is Rep. Matt Gaetz.
matt gaetz
Welcome to Capitol Hill.
We're in the Rayburn office building, and I'm loving TimCast on the road, because having to go out into the survival situation that is the trek to your usual headquarters is treacherous.
But this is great, man.
We've enjoyed having your team here in the office.
And I got an opening take, because having come on your show a couple times now, Like, there are the people who see me in the news... Sorry, I gotta pause you.
tim pool
We're a little low on volume, Serge.
Yep, I'm trying to work on it right now.
All right, well, let's just roll with it, because it is what it is.
Sorry, continue.
matt gaetz
No problem.
The benefits of a live show.
There are people who see me in the news, and they'll come and say, oh, you know, we saw you on Fox, or saw you on CNN, or whatever.
But the people who have come to me to say they see me on TimCast, it's like we're having a secret handshake.
There is an intimacy to it.
There's a like, I know we have a connection because I was watching you on Timcast.
So know that there's a community, there's a sense of community out there that goes beyond normal media that frankly you probably couldn't develop on traditional media these days.
And I think one of the cutting edge advantage is of a platform like this is that people, when they tune in, when they're a part of the discussion, when they feel like they're at the head of the table with us, then We've done something real.
tim pool
So, uh, I think we lost sound.
Completely.
Yeah, audio's gone.
Totally gone.
No, no, it's totally gone, bro.
unidentified
Can you hear me?
Live.
What's happening?
tim pool
So we brought a custom soundboard and everything.
We got it set up.
Everything was working just fine.
And then like a half an hour out, for some reason, we have no idea why, it just stopped.
matt gaetz
Oh, they can hear me.
We're good?
tim pool
But it's, it's, okay, cool.
People are saying it's distorted and low, but low.
unidentified
Sounds better than the view.
Yeah.
tim pool
Well, I can see the mixer picking it up and there's like nothing there.
It's like minus 50 dB.
matt gaetz
Yeah, yeah, but it's... I'm listening to it on YouTube right now.
Tell us in the chat.
tim pool
I like the wide shot.
It's pretty bad.
No idea.
Maybe we should have just used your setup.
matt gaetz
I got a rig.
tim pool
Yeah.
Our custom rig doesn't seem to be working.
It sounds like the distortion's cranked up like it's an electric guitar.
ian crossland
I don't know if it's just the amount of time we spend talking or if it's like, I don't know, maybe it's just real people make real community.
matt gaetz
But I like that vibe.
unidentified
It is.
matt gaetz
And the cross section of people, like we talked last time, white collar, blue collar, no collar, no shoes.
ian crossland
Yeah, no collar.
unidentified
No collar's just fine.
matt gaetz
All the above.
ian crossland
You're from Florida?
matt gaetz
Yeah, oh, I mean, the jean shorts and Crocs is basically the Florida man uniform.
unidentified
Before we get too deep into this, let me just introduce myself.
ian crossland
I'm Ian Cross, and if you don't know me, now you do.
What's happening?
And also, we have Phil Labonte to my right.
phil labonte
How you doing?
Phil Labonte, lead singer of All That Remains, anti-communist, counter-revolutionary.
tim pool
And we're going to have Rep.
Dan Bishop and I believe Steve Bannon joining us later tonight.
matt gaetz
That's right.
What an all-star panel, man.
We got Bishop, we got Bannon.
tim pool
It's going to be great.
unidentified
Well, let's talk about the first thing.
tim pool
There's a lot of news.
I mean, the Silicon Valley Bank stuff is pretty crazy.
But I think I want to talk to you about what's going on with January 6 because I think it was a year ago You mentioned federal involvement in, I'll just put it simply, in some capacity.
I think you were a bit more direct.
But now we have this story where apparently they tried, I think they may have actually literally destroyed evidence.
There's communications where they said, I was instructed to destroy 338 pieces of evidence.
In one communication even said, remove my, remove the agent's name from this, from this document as present at one of these incidents.
That to me sounds like they're trying to destroy or may have literally destroyed evidence of their involvement as it pertains to the seditious conspiracy charges.
matt gaetz
I've been involved in taking the transcribed interviews of several FBI whistleblowers from around the country and a substantial amount of the testimony that they've given us deals with the treatment of people who were unfairly targeted as domestic extremists or somehow associated with January 6th when in fact in a great number of these cases there was no predicate criminal act to even investigate No evidence that people had committed crimes.
So I normally wouldn't go into evidence in the middle of an ongoing investigation, but something interesting happened.
As these FBI whistleblowers came in, the Democrats would release out-of-context portions of their depots and then would do opposition research on the whistleblowers and blast that out in reports to try to discredit the work before we could even begin it.
Since they've done that, we feel like we need to vindicate the stories of these people who've come forward, because think about the deterrent effect.
If every time a whistleblower comes forward to share evidence of FBI misconduct, their family gets smeared, their spouse gets fired, they're targeted, their financial situation degrades, they can't get jobs, And so they're trying to discourage the truth from coming out.
And that's why, recently at CPAC, I called to remove the Democrats from the transcribed interviews.
If their involvement in the investigation is going to be to harm the investigation, they shouldn't even be included.
And if you look at what happened during the January 6th investigation, it wasn't like anybody who had an opposing view was in the room.
The Republicans, they counted, were Adam Kinzinger and Liz Cheney.
And so I think that that's an initial step, but it wouldn't surprise me.
We saw an FBI lawyer change evidence before a secret court, and that guy had pled guilty to a crime and now has his law license back.
Can you believe that?
I mean, think about the message that sends.
So the FBI patriots who step forward and say, you know what?
I'm being asked to do weird and possibly unlawful things to people who you're claiming are some sort of insurrectionists because of January 6th, and we put those folks on no-fly lists, we ruined their lives, and then at the same time, someone who literally admitted to changing evidence To try to implicate someone close to Trump, to get surveillance on the Trump campaign.
That guy can practice law in D.C.
this week.
tim pool
You see Elon Musk just tweeted, effectively saying, free Jacob Chansley.
They posted the video of him being escorted through the building.
I'm wondering what are your thoughts on that the video release from Tucker Carlson?
matt gaetz
I don't know everything that that guy did but what I saw there was a very confusing situation that really is indicative of like the fog of war where people don't really know what's going on the sense of a rules-based order kind of changes.
I think there were a lot of people And again, I don't know everything Chansley did.
I don't know if there's going to be a different feature to his involvement that day, but that conduct did not appear to be criminal or violent or worthy of the type of extended prison sentence.
Even if it's a technical violation of federal criminal law, prosecuting that, putting someone in prison just for those portions that we saw on Tucker seemed itself not to be justifiable.
tim pool
Elon Musk tweeted a video of him standing outside with a bullhorn saying, everyone leave, go home.
Trump says go home.
He doesn't want you here.
And they're yelling at him, no, no, we're coming.
So not only do you have this guy being escorted through the building, it appears, and the cops even try to open the doors for him at one point, bring him to an open door for the Senate chamber.
He's actually on video telling people to leave.
matt gaetz
Well, here's the problem.
In his plea deal, he has signed away all his rights of appeal.
So he doesn't even have the ability to open the courthouse gates to be able to have a resolution of those questions.
Any honorable and reasonable prosecutor would make their own motion And would make it along with the defense if necessary to set aside that plea deal and to be able to evaluate the extent of criminal acuity.
That is what a moral prosecutor would do.
They would not be drug into court by the defense lawyer.
They would actually go and make the motion themselves.
What I have seen come out of the DOJ and the Washington field office of the FBI is that this place is the geography of rot.
There is not political capture of the FBI in every corner of this country.
It is New York, it is Washington, D.C., principally.
And that's why what Nancy Pelosi did, authorizing the funding of a new FBI headquarters
in the greater Washington area, larger than the Pentagon, is something that should concern you
more than re-changing the carpets at the J. Edgar Hoover building.
Frankly, I think a lot of these folks deserve to sit at the rat-infested J. Edgar Hoover
building as long as necessary.
But we certainly shouldn't be building the FBI a Pentagon-sized facility to insource,
to the most corrupt geography in the world, more of the work that actually would be legitimate to
protect the American people that a lot of good folks are doing.
unidentified
Where is this building is the first I've heard of it?
matt gaetz
Oh, it's in, well, it's authorized and funded in the big omnibus legislation that Nancy Pelosi, the $1.7 trillion in spending that we talked about last time we were on the show, part of that was this massive facility for the FBI and it's going to be out in Northern Virginia.
But right here within the Northern Virginia, Maryland, D.C.
swamp.
ian crossland
Did they tell you what it's going to look like?
Is it going to be a fortress?
matt gaetz
I don't care if it looks like, you know, the Taj Mahal.
I don't want to see that many billets here.
I don't.
I think that people – we saw inspector general reports of people in the media taking these FBI agents out for tickets at sporting events, concerts, fancy meals in exchange for information, and that's just a way to smear people.
phil labonte
I heard someone talking about the FBI and they had mentioned that the role of the FBI had gone from, and this was someone at one of the hearings, that the FBI's role had gone from being a law enforcement agency to being an intelligence agency.
matt gaetz
So that was the post 9-11 thing.
That's a very astute observation because pre 9-11 the job of the FBI was to investigate these crimes that had occurred that had a multi-state feature to them that one jurisdiction couldn't handle with a higher degree of scale on technology and innovation to be able to solve those crimes and to bring prosecutions.
After 9-11, Bush goes to Comey and basically says, it's not enough to investigate crimes and bring prosecutions.
We have to go and be predictive.
We have to go and be an intelligence organization to stop things from happening in the future.
And that resulted in a culture shift that a lot of the old-timers, the kind of Joe Friday types, resented.
phil labonte
How do we?
So what do you do?
So how do you get the, because the whole culture there is of, if it's of an intelligence gathering agency, that means that the target is the American people.
It's the only target the FBI could have.
So then how do you change the culture?
I mean, personally I'm for tearing the whole goddamn thing apart, but like, what do you do, you know, what do you do?
To begin the process of trying to change the mindset of the FBI at the top level, because it can't, it's not going to happen if it's, because you're talking about field offices, it's not going to happen just at field offices.
It has to be, you know, the people that are working at the, at the, at the J. Edgar Hooper building, you know, so what do you do?
matt gaetz
I think decentralizing the human resources would have a forcing function of decentralizing some of the power.
And frankly, where they have authorities, where they've used them time and again to institute political enforcement, we need to curtail those authorities.
The Foreign Intelligence Surveillance Act 702 authority has caught a number of Americans in a dragnet.
That doesn't end run around our Constitution.
And so that is an authority that I think needs to be curtailed.
They have a foreign influence task force.
And what I've observed is that this foreign influence task force operated for the Bidens a lot like they said the plumbers operated for Richard Nixon.
Remember they would refer to the plumbers during Watergate?
unidentified
No, who were they?
matt gaetz
He's old enough to remember.
And when you've got folks whose job it is to go find the derogatory information about you and to extinguish it, and when those people are wearing FBI badges and can arrest people and coerce people, it's a concerning thing.
That is going to be central to a lot of the investigative work we do over these two years.
Those specific folks, not all of them still work for the federal government, so they can be subject to congressional subpoena a little easier.
phil labonte
Does it take the Republicans, and the populist Republicans in particular, controlling the Senate, the House, and the Presidency, to think that anything can get done?
matt gaetz
On some things, that's the case.
unidentified
I was particularly thinking about the MPI here.
matt gaetz
They're telling me to back off the mic.
I'm the back off, bro!
unidentified
No, that's not the issue.
So basically what happened was the soundboard just randomly stopped working.
I blame the Deep State, honestly.
They must have come in and somehow got it.
Everything was set up and it was working.
We were just sitting waiting.
And then around like 7.30 all of a sudden we're watching the soundboard just go off.
And so we're like, okay, we have no idea what happened.
So then we did this duct tape solution and it worked.
We did a sound check, then we go live and all of a sudden it just dropped again.
And we're like, the gain sounds way too high.
But it's not, the gain's not even up.
The board may be failing in real time, maybe that's it.
matt gaetz
I have no idea.
unidentified
I'm not the kind of guy that's like, cut the head off the thing, repeal the Federal Reserve Act, repeal Obama, repeal the Patriot Act.
I would like those things to be repealed.
I just feel like trying to slice it open is just going to kill everything.
ian crossland
I would reject that premise.
matt gaetz
I think that you actually have to slice it open, and I think that you've got to go through the authorized and unauthorized activities programmatically, and you have to observe what is the really important stuff, and there is that.
There are cybercrime divisions at the FBI that get people's money back for them when they're the victims of some Chinese phishing attack in their email.
Those people are patriotic Americans.
The problem is an increasing amount of this intelligence gathering Got weaponized politically.
And frankly, you go back to the founding of the FBI, they were pretty political.
They were just going after leftists.
They were going after Malcolm X and Martin Luther King Jr.
and Marcus Garvey.
And when Obama was president, they did a terrific job of vertically integrating their HR.
And they got a lot of talented, activist leftists.
Into the system, into middle management, and now those people are kind of running the place.
tim pool
I think the audio is fixed.
unidentified
Oh good.
tim pool
Mostly at least.
unidentified
What?
matt gaetz
It's a capital hill miracle.
unidentified
Way better.
ian crossland
way better.
unidentified
I'm just taking your time, I'm sorry.
tim pool
I want, I was like, how does, you know, whatever.
unidentified
How do you define leftists?
matt gaetz
Well, I think that those who believe in government control as opposed to those who believe in
control democratized among the people.
That's always what my dad told me about the difference between the right and the left.
He said, son, the left believes in the power of government to solve people's problems, and we believe in the power of people to solve their own problems.
ian crossland
I think that like at the political compass, there's the left and the right, and then there's the authoritarian and the libertarian.
And I feel like the authoritarian, like so up on the political compass, is like, I want the government to take care of it.
But I could be like a leftist libertarian, where I'm like, do whatever you want.
matt gaetz
Smoke weed, too.
Where are those people?
That's like the Glenn Greenwalds, right?
Would you put him?
ian crossland
I think so.
tim pool
He's a traditional liberal, where they used to be a center left.
matt gaetz
That's essentially what you're describing, like a classical liberal who believes in open flow of information, free exchange of ideas.
tim pool
The reason left libertarians are so rare is because the best way to describe a left libertarian is a hippie on a farm.
He and his friends are sitting around and then he comes in one day and he's like, hey guys, I grew some watermelons.
Do you want to share them?
And they're like, yeah.
And they break it and share it.
And they're like, anybody can come and go as they please.
We all here and we all work together.
And it only really works when you have a group of people who are socially cohesive and morally cohesive.
It doesn't scale up at all, so there's no large, organizational left libertarianism.
It's not possible.
The right finds their decentral... Right libertarianism finds it through capital, through trade.
They agree, don't hurt me, I won't hurt you.
Everything's gonna be voluntary trade.
But if you're gonna do community-oriented stuff, it has to be through moral agreement, which is almost impossible, and only really works when you have, like, 20 people.
So you're not gonna see a lot of them.
ian crossland
Do you think, like, libertarianism only functions if the society's cohesive in general?
tim pool
I'll put it this way, and a question for you, Matt, maybe you agree.
I believe that if every... I'll be as offensive as I can about it for the atheists on the left.
I believe that if every single person in this country was a devout Christian, church-going, God-fearing, you would need no laws and no police.
matt gaetz
You would have them already.
And the people would believe in adherence to those laws in the absence of government because they would believe in that which is stronger, more powerful, and above government.
And then what happens is as you get... By the way, that essentially was the government in the founding days of American life.
phil labonte
James Madison said the same thing.
tim pool
But I'm not saying literally we should be a Christian theocracy in any way.
I try to say that in the most shocking way to the atheists as possible.
If every single person in this country was woke, you also would not need police because you'd have woke activists going around enforcing these things by choice without pay.
matt gaetz
There wasn't a lot of freedom in the Chaz.
tim pool
That's right.
Some people died.
They had the freedom to do that, apparently, and then no accountability.
But when you get a group of people that all agree with the same thing, instantly the moral foundations kick in.
The problem is it doesn't scale up.
So you end up needing some kind of law enforcement apparatus.
Then you need police.
Then you need jails.
And as you bring in more opposing moral ideologies, you will need more police.
As your society grows bigger, you will need more laws.
And then I think it eventually just implodes.
matt gaetz
Well, no, no, you got this all wrong because the Silicon Valley Bank says that the way to success is a commitment to increasing racial, ethnic, and gender representation.
unidentified
Ah, cool.
tim pool
That worked out really well for them.
matt gaetz
Yeah, I mean, this is a message from their CEO on their website, and you can actually go download their DEI reports.
So that you can see how focused and committed they are to DEI investments.
And you can go and see all that they're doing to achieve their carbon neutrality by 2025, which is very likely at this point.
I would bet on the Silicon Valley Bank achieving total carbon neutrality very soon.
So way to go!
ian crossland
For the record, SVB is in a financial freefall.
It's a bank in California that just went under, essentially.
matt gaetz
It is more than that.
It is the financial wing of Silicon Valley.
This is a top 20 bank in the country, and over 96% of all the deposits aren't insured.
phil labonte
How familiar are you with the topic?
tim pool
Yeah, they're not insured?
matt gaetz
Because the deposits are among all these Silicon Valley firms and individuals and businesses, they are not insured.
They don't have the FDIC.
Over 90% of the money in that bank isn't coming back.
tim pool
But it's not just that.
FDIC only insures up to, I think, $250 per signatory.
So if you're one person, this is the craziest thing, if you're in your business with one bank, you're in trouble.
Because if you've got five accounts, let's say one is your general payroll expenses, one is equipment and you separate them in a certain way.
unidentified
It's only 250.
tim pool
That's it.
So, if that bank goes under, your business no longer exists and they're going to cut you out a quarter million dollars.
Depending on the size, obviously, but I'm saying if you're Silicon Valley and you got 15 to 50 million, All gone.
All gone.
matt gaetz
The calls for the Silicon Valley Bank bailouts will be coming soon.
tim pool
Already.
Andrew Yang has called for the federal government to backstop Silicon Valley Bank to save the industry.
phil labonte
Yang already.
matt gaetz
Where would we be if the CEO wasn't so focused on diversity, equity, inclusion, and ESG?
Who's going to fund this if not the American taxpayer?
unidentified
Let me step out.
tim pool
Ian can pop out.
We gotta have both of you guys talk about January 6th, man.
ian crossland
Yeah, yeah, I'll step out.
You want to step out for a minute and then I'll try to get back to you. No, no, no, no, no, no, no, no, no, no, no, no,
unidentified
no. Tim, you guys... He's the authority. No, he wants to step out. All right. I'll be back. He'll be back. What's up,
dude? Yeah, hop on in, man. Yes, good to see you. Do you want to introduce yourself for everybody who's listening?
tim pool
Yeah, I'm Dan Bishop. I represent 8th District from North Carolina. Right on. So... Nice. Good to see you. Good to
unidentified
see you, man. We got some news on January 6th or we want to wait for Matt to come back?
I'm good.
I think, you know, nobody replaces Matt Gaetz.
tim pool
No, I guess he just did.
ian crossland
He's a firebrand.
tim pool
What happened?
unidentified
That's what I was going to say.
Only Tim Kast and firebrand would have kept me in Washington for another night.
tim pool
Oh, right on, man.
I appreciate it.
Matt was saying that everybody, the final vote was like 10 a.m., so everybody flew home.
unidentified
Yeah.
tim pool
But he was like, but Dan was down.
He didn't want to leave.
unidentified
We're doing some work.
ian crossland
So what'd you guys do today?
unidentified
You know, we've been, we went over, gosh, you know, Matt can describe this so much better than I can, but we went over to This other nondescript building where the congressional offices have space, and we kind of rifle through the January 6th committee documents.
ian crossland
I'm going to step out, Matt.
I want you and Matt to talk about this a little bit.
unidentified
Matt can tell us.
ian crossland
Matt's back.
unidentified
Come on, Matt.
Can you get around behind me?
I got you, brother.
tim pool
So you've got some secrets, some breaking news?
matt gaetz
Well, here's the news we've got for you, okay?
Everyone has been appropriately focused on these videos that Tucker Carlson's been releasing from January 6th, but Dan and I got to thinking.
There was a lot of paper created during this investigation.
The subpoenas, the demands for records.
It showcases the strategy of how the January 6th Committee would go after a target.
Who was working with them?
Who did they hire to collaborate on this project?
It's about two million documents.
And I think, as far as I know, Dan and I are the first Republican lawmakers to actually go and spend an extended period of time Going through this information.
And here's what we can tell you about it.
It's not disorganized.
I kind of expected on the way out the door Liz Cheney and Adam Kinzinger might have just opened their binders and thrown everything into a giant bin, shaken it a few times and said, here are your documents.
And you know what?
This will drive you crazy.
Every committee in Congress gets to define what a committee record is and what has to be maintained.
So if they wanted to, the January 6th committee could have said, you know what, the committee records are the public transcripts of our hearings, and everything else we're destroying, and we would have had no paper trail.
But interestingly enough, they kept not all, but Almost all of the outgoing paperwork product that they had developed, the letters that they'd sent people, the documents they'd requested, the subpoenas they drafted, so all this outgoing, the way that they would target not just you,
But your internet service provider.
They'd go to your telecom company, Verizon.
They'd go to your bank.
And we saw enormous collaboration between some of these Fortune 100 companies, financial institutions, Alphabet, and the January 6th Committee, eager to turn over the private information of individuals.
tim pool
Are these digital files?
matt gaetz
These were hard paper files that we observed.
tim pool
What do you mean?
You're manually turning pages?
unidentified
Absolutely.
80 sort of small boxes of stuff and some of it's public reports that Matt made mention of, but there's some interesting stuff in there.
matt gaetz
Here's what's missing.
What's missing is all the paper that was supposed to come back.
You see, all this outgoing was supposed to generate lists of people's emails, texts, and we were able to review some of what came back as a consequence of those results, but there is a huge dearth there.
They chose to get rid of some of those records and some others we're going to chat about.
tim pool
I'd be interested, obviously I have a personal stake, but how they discuss the media, independent media that have been talking about it.
For me, it was Raskin, who it's funny because he reps the district right next to where we work out of and some of our employees are in his district.
and he took a clip of me reading a Fox News headline and played it alongside someone calling
for kicking in the doors or a red wedding.
And it's me being like, Donald Trump says there's going to be a wild night.
Well, you know, maybe he's right.
I mean, his supporters are pretty angry.
And then he makes it seem as he says these people were calling for it.
I'm curious to see if behind the scenes they were targeting independent commentators, social
media personalities.
I assume the answer is yes.
unidentified
They are the masters of the smear.
tim pool
Oh yeah.
unidentified
They always get their man that way.
There's some interesting, Matt sort of alluded to it, there are interesting pointers in the papers that we saw to finding some other stuff.
It could be the mother lode.
matt gaetz
Well, another thing I learned going through the January 6th Committee's work product is that there is a value at times to a subpoena even if you aren't seeking information back as a result of that subpoena.
An example is how they dealt with social media companies.
Imagine being a social media company and getting a subpoena and demand saying, Show me everything you're doing to get these extreme views off of your platform.
Show me everything you're doing to stop the next insurrection.
Show me everything you're doing to look at the profile of people who support building the wall and election integrity and the Second Amendment and let us know that you're actually being good corporate
citizens.
You see, that's not a subpoena intended to actually get usable information back.
It's coercive in nature.
And they were using those tactics.
And the level of detail and vertically integrated subpoena strategy was exquisite.
Let me give you an example, Tim.
They subpoenaed the catering company for this building that we are in right now for January 5th and January 6th to see, like, if you had people over on January 5th, how many cupcakes were delivered that night.
And what does that say about how many people were in a meeting in your office?
tim pool
So, can you release these documents to the press?
matt gaetz
Well, we observed them and went through them today with the permission of the House
Administration Committee. They are the committee with jurisdiction over the records of the House,
and they're working to get this digitized. They have had a very pro-transparency outlook,
but we are, our patience is not one of our virtues. We, it's March, and we need to start
getting to this information, analyzing it, seeing how Americans were targeted.
Dan and I are very focused on our work on the Weaponization Subcommittee.
And I believe the January 6th committee was a weaponized utilization of the American government against our people.
And actually, it spawned activity from the Department of Justice that I remain
concerned about to this day.
tim pool
I'm going to come out and say, I think sometimes you guys, maybe because you have to, give a little bit
of the benefit of the doubt to some of your Democrat colleagues.
Because you have to, I'd imagine.
Me, I'm under no such constraints, and I think they're evil people.
Maybe you wouldn't go as far, but the idea that they had access to this footage that wasn't released, that some of these defendants never got access to it, they tried claiming the defendants did, but they didn't, and it shows a very different picture.
The fact that Tucker Carlson, in his report, When he came out and showed the video of Chansley calmly walking through with police, trying to open a door for him, the first thing Tucker Carlson did in that report was show the violence, and said, we've all seen the violence and the vandalism because we've been shown it non-stop, but here's what you didn't see.
What did the Democrats and the media do in unison right away?
unidentified
Said he cherry-picked.
tim pool
He cherry-picked and he lied, and he didn't show the violence.
Because they know their audience will never actually watch a full Tucker segment where he does first and foremost say, yes, there's violence.
unidentified
That's exactly right.
tim pool
I'm sorry, I think it's evil.
unidentified
They've done evil.
There's no question about it.
matt gaetz
If we did that, there would be actions to take our law licenses away in North Carolina and Florida.
If we went out there to spur criminal prosecutions and purposefully withheld material evidence, certainly if we did it in a court of law, they distorted evidence.
unidentified
Repeatedly during the course of the January 6th things.
I mean, you remember Jim Jordan's tweet where they took it, he had quoted, sent something that was quoted, they took the quotes off and made it as if it were Jim Jordan's statement.
There was nothing wrong with the statement particularly anyway, but it put words in his mouth that didn't exist.
They did that stuff over and over again.
tim pool
I was thinking of going to Raskin's office after I saw he did this.
But you know, I gotta tell you, when he played that clip of me, I had people I know who are urban liberals in Chicago, and it was a red pill moment for them.
Because they were like, my parents were watching this, they saw this clip, I saw that, and I immediately was like, that's Tim Pool.
They're like, he's like a boring fence-sitter guy.
That's messed up.
And it immediately said to them, something's not right with this picture.
So all of a sudden I get these liberals that I know being like, I'm not questioning what happened after I saw that.
And I actually wrote an op-ed for Newsweek because Newsweek reached out to me and they were like, we're familiar with your content.
This doesn't seem to make sense.
So that was a mistake.
They smeared too hard.
And look, I'm personally biased.
matt gaetz
Isn't your shape that you get accused of being a left-wing radical and a right-wing radical on like a weekly basis?
Isn't that kind of your thing?
tim pool
So, in the early days, I'm the milquetoast fence-sitter.
That's the gag.
I'm like, well, you know, and I still, I put it like this.
matt gaetz
You're an extreme moderate.
You're a moderate rebel.
Maybe like all those moderate rebels in Syria we've been giving arms to.
tim pool
I'm gonna, I'm gonna, I'm just gonna, I'm just gonna say it.
Reality has a right-wing bias these days.
That's the old joke from Colbert.
You know, reality has a left-wing bias.
I guess that's what he said all those years ago.
The conversation that we're having right now isn't based on our views on policy.
I'm not here discussing with you pro-life, pro-choice, tax policy, flat tax, progressive tax.
We're talking about the facts of January 6th, information that was withheld.
And that makes you right-wing.
The funniest thing about this modern political landscape is I'm right-wing because I supported the narrative that conservatives were facing undue censorship on social media, which is so confirmed now that you have the attempt to smear Matt Taibbi as a so-called journalist.
Who's this, like, long-standing, liberal, award-winning journalist for 30 years.
phil labonte
They're calling Matt Taibbi a right-winger.
You've seen people call him a right-wing, you know, journalist.
I've seen it.
unidentified
The Democrats attacked him with gusto.
phil labonte
Yeah.
I mean, that was an embarrassment.
To be honest with you, the fact that the Democrats were trying to get the journalists to give up their sources, and trying multiple times, over and over, and honestly, there's part of me that thinks that they didn't realize, as if they didn't possess the cognitive octane to actually understand that they were trying to get them to give up their sources.
They didn't understand the context, and it was painful.
unidentified
A couple of them lacked the octane.
Yeah, a couple do.
matt gaetz
There's multiple layers to this, right?
The initial layer is you're watching Democrats attack a longtime Rolling Stone journalist and a guy who's waving his hand saying, I voted for Biden.
I'm not part of Hillary Clinton's so-called vast right-wing conspiracy.
And I think that's easy to absorb, but I think the additional layer to it is how comprehensive the censorship industrial complex is.
That's what I really want people to take away from this, that this isn't like, you know, a few bad actors in one agency.
This is enterprise-wide in government.
The Department of Homeland Security, the Department of Defense, the Department of Justice, even the Post Office has a covert program to monitor the political views of people on social media.
And so we've got to get our head around that.
And rather than patting ourselves on the back for holding hearings about it, we have to use this process to inform how we fund the government.
And one of the things Dan and I fought really hard for during the Speaker's race was to have individualized assessments of these agencies.
And it sounds dorky and wonky, but I am tired of voting on some multi-thousand page bill that spends over a trillion dollars, that funds the government for the entire year, and you don't get to say, okay, at a programmatic level here in DOD, FBI, how do we excise that out?
unidentified
Exactly.
phil labonte
There should be line vetoes.
matt gaetz
What's that?
phil labonte
There should be line vetoes.
Like, there should be the free.
matt gaetz
Oh, line item veto?
phil labonte
Yeah, absolutely.
matt gaetz
I would enthusiastically support that under a president Republican or Democrat.
unidentified
Yeah.
matt gaetz
Do you have that in North Carolina?
tim pool
No.
They're digitizing the January 6 files.
Is there a capability, or is there a security risk?
Can this be released to the public?
Maybe the answer is more of a Twitter-file style approach where some journalists can come in, go through it with you guys, and then redact for security issues things that might put people in harm's way, but get this information out to the American people.
unidentified
I favor more disclosure across the board.
That's one of our biggest problems.
You talked about evil, and you talked about Democrats' evil.
We're talking about a bigger evil, and this is spread across all these government departments working together with pseudo-academics and so forth that Matt was talking about.
But yeah, I think they thrive in secrecy.
And that is a general proposition.
Can these things all be released?
There's some things we saw in there I'm not sure could.
A few items.
But most of it should be.
Why not let you see?
You ought to see What this committee of Congress decided they could go do, pick a target, maybe I'll take their name off, but show the bank that, as Matt was saying earlier today, they've picked a target and then they went and figured out all their finances.
They went and figured out all their means of communication.
They figured out all their means of movement.
It is otherworldly.
and you can't believe that kind of thing goes on in the United States.
The way to stop it is for people to know that it happens.
tim pool
And I should clarify too, I suppose, there were Republicans on that panel.
I mean, not the Republicans anyone actually wanted to be on that panel.
unidentified
In name, yeah.
tim pool
But you had Kinzinger and Cheney who, you know, exactly, in name.
And as far as anyone was concerned, they were effectively Democrats.
matt gaetz
But that really says a lot about- Well, one thing I noticed was that the Republicans had extraordinary influence over the committee.
We got into some of the January 6th committee's staff files.
And one thing I took particular note of is that Adam Kinzinger was able to place a handpicked CIA lawyer into the general counsel's office of the House of Representatives to gaslight all these subpoenas to torch Americans, to smear them.
And they were assembling people, not from the traditional group that you would think for congressional staff, but they were finding sharp-toothed lawyers in the Department of Justice, the FBI, the CIA, high-end state attorney's offices.
They were finding people all over the country.
They were bringing high-end left-wing talent in to operationalize that force.
tim pool
All right, I'm gonna ask you guys the hard question, I suppose.
Where's the committee on far-left extremism, Antifa?
We talk about January 6th and the unjust actions that were taken for a lot of these people.
Some of these people, I think, were violent, should be criminally charged.
You know, like I said, Tucker shows the violent footage.
But just in this past week, in the past few months, we've had a group of 150 far-left extremists break into a government compound, a facility in Georgia, firebomb buildings and equipment, Some of these people were not from this country.
One of them was a lawyer for the Southern Poverty Law Center.
The Southern Poverty Law Center admitted it and said that, oh, he's a legal observer.
And then the spokesperson tweets out a hashtag in support of the terrorists.
These people have been charged with domestic terrorism.
How is it that the entire cycle The news cycle.
I understand the media is going to ignore it, but where are we in terms of putting together the Select Committee on Far-Left Extremism?
How about we have the May 29th Insurrection Panel, the Select Committee on 529, and we can talk about the far-left extremists who tore down the barricades of the White House, firebombed a guard post, set fire to St.
John's Church, injuring I think around 70 to 100 police officers, forcing the President into a bunker.
How about we get, we bring cops in to testify on that, cops who were injured, we bring in witnesses and journalists and we put all of that on the record.
unidentified
So I'm here for it.
Understand though, remember that in a lot of ways the two parties do the same thing in Washington.
And so the only reason we have a select committee on the weaponization of government is because when Matt and I said we're going to negotiate over who gets to be the speaker.
We're not just going to cast votes just because Hundred eighty of the members Republican members say we're going to do it.
tim pool
That was great by the way.
unidentified
Well I mean you know the first couple days it wasn't so great.
But I mean for us but I thought it was important to do.
So did Matt.
We stuck to our guns.
That's really the first time people have There have been a lot of coup efforts.
I guess you'd call them if you want to call it that.
I wouldn't use that word.
That's a bad term.
That's what they call it.
A friend of ours in Congress called it multiple coup efforts against the, you know.
matt gaetz
They call us the Taliban 20.
unidentified
Yeah, yeah, yeah.
matt gaetz
That is the coolest nickname I've ever been a part of.
unidentified
Crenshaw said we were legislative terrorists.
But it was that we stuck to our guns.
And part in a very material part of the agreement that we, in fact, I negotiated the authority for that subcommittee myself.
And so these aren't easy to get in the sense that a lot of people want to ignore stuff.
matt gaetz
The question will be to what extent were U.S.
taxpayer dollars used to try to fuel some of those groups through NGOs, through a lot of this diversity, equity, and inclusion funding that we do.
I think we've got our next guest here, man.
phil labonte
You want me to bounce first, Steve?
matt gaetz
Yeah, we'll rotate down.
Let the honey badger join us.
tim pool
So I think the mics, I see people saying pull the mic back.
I pushed the mic way back because it looks like they're very sensitive.
I guess they're picking up too well now.
matt gaetz
Of course.
unidentified
Right, right.
tim pool
It was really quiet and we're trying to get close and then we're like, pull away, pull away.
unidentified
Gotcha.
tim pool
Joel, Steve coming in?
matt gaetz
Steve Bannon?
unidentified
You've got to get the Tim Casp vibe.
You've got to get accustomed to the... To the what?
phil labonte
To the vibe.
tim pool
Oh, the vibe.
It is bad.
I blame the Deep State for the audio problems.
Did it happen last time?
matt gaetz
No, the last time we had the audio problems.
unidentified
Look at this.
tim pool
Steve Bannon.
matt gaetz
The Honey Badger in the Capitol.
It doesn't get any better.
unidentified
Never met the man myself.
matt gaetz
Dan Bishop.
steve bannon
How you doing?
unidentified
Good to meet you.
matt gaetz
We'll let Bannon get seated.
We're talking about Dan and my trip to go through all of the January 6th Committee documents.
Adam Kinzinger was able to get... They sent the two right guys.
We believe today was the first time that any lawmaker, any Republican lawmakers... You don't have to lean in so much.
tim pool
I think the mics are really sensitive right now for some reason.
unidentified
They said I was on top of the mic too much.
steve bannon
Are you going to host and direct today?
tim pool
Direct the whole thing?
unidentified
Yeah, the whole thing.
tim pool
Absolutely.
So here's what we were talking about, and I'm curious on your thoughts, Mr. Bannon.
Some kind of Antifa committee or at least a component of exploring the far-left extremism we're actively seeing right now.
I think we get two things out of it.
One, accountability for what we saw in Georgia, what we saw in Portland, what we saw with Chaz and all that stuff.
It's accountability.
We could stop what's actively going on if we shine a light on it.
We can get accountability for the past actions.
And then I think it might wake up a lot of Americans to the degree of violent extremism coming from the left that's not being portrayed in media.
steve bannon
I think that's a great idea.
I think what we need is to put all the effort into reconstituting a J6 committee and let them have a ranking member in a minority council and set it all up and go back to the beginning.
I think this is one of the biggest things in the country and I think you need top people like we have here on this committee and all the information has got to come out on the intelligence services, on the FBI, everything, what we knew, what we didn't know, all of it.
I mean, Tucker did a thing, and don't get me wrong, Antifa's needed too, but I only think we've got so much bandwidth to do things.
And this has to be answered.
It can't continue on like it is.
You can't continue to rely on guys like Tucker doing a heroic job with the 44,000.
We need a formal investigation, a select committee if you have to, Of major players in the Democratic Party and the Republican Party, not like the show Charles Sheehan, but actually have a ranking member.
matt gaetz
So anyway, you've said that a few times, and it is a decision point we are at right now, because Democrats have used their presence in these transcribed interviews to obstruct the investigation, to try to deter whistleblowers, to smear patriotic Americans who joined the premier law enforcement agency in the world because they love our country as we all should.
And I don't think they should get to participate anymore in those transcribed interviews if they are using that courtesy to try to do harm to the investigation.
And you're saying, bring them in, do to them better than they did us.
steve bannon
I just think, look, I think in that regard, they play smash mouth.
I think we have to start playing smash mouth.
But I think if you don't constitute it where they get the information and are able to cross-examine witnesses, we're going to have the exact same show trial we had the first time.
These are such deep issues that the American people have to get to the bottom of this.
This is like Watergate.
This is like Iran-Contra.
This is like the 9-11 Commission.
You know, they always say it's like Pearl Harbor had seven different commissions, four of them in the Capitol, right?
And they still never quite got to the thing, but they kept going over and over because the American people deserve answers.
The American people deserve answers.
And I think there's enough tough guys like yourself that can get in there and make sure they're not leaking depositions, they're not playing games with the press, all of that.
It's going to be tough, but I think it's going to happen.
matt gaetz
One thing I found interesting when we went through the files today, they are incredibly well organized.
And as it relates to outgoing documents, they are almost completely complete.
You can go through by name.
I pulled the Charlie Kirk file and I saw the way that the Turning Point organization was targeted and is actually still being unfairly targeted.
I pulled the Bernie Kerik file and saw the way they went after him.
I pulled the Mark Short file and I saw how eager he was to cooperate and how even with friendly witnesses they played this game with the subpoena nonetheless.
But there was one file With no documents in it that I've reviewed.
And it was the Steve Bannon file.
steve bannon
No documents.
matt gaetz
There was the Steve Bannon file.
steve bannon
They've taken it.
It's waiting for me in federal prison for my four-month sentence, right?
The warden will have it.
matt gaetz
I'm sure justice has it.
In a circumstance where they were so meticulous to have everything indexed and included and in almost every case you saw a letter and like clockwork within 14 days a subpoena that followed that letter and nothing on the Bannon file.
tim pool
So it's empty?
matt gaetz
It is empty.
There's a file.
There is a, we found the Steve Bannon file.
unidentified
But there's nothing there.
phil labonte
Man.
steve bannon
Well I actually, not to get my trials in appeal, but I think if you did, it's not what I would
want to do with J6, but there's no doubt that to me the general counsel for the committee
perjured herself multiple times in my trial.
To have a general counsel say, oh, I didn't know that was happening, it beggars belief.
tim pool
It's incredible.
unidentified
Can you speak to this person?
matt gaetz
We are looking at the members and records and I want to know how far They crossed the line when we exercised our subpoena power because what I observed was that almost every week the committee was sending out to Sprint, Verizon, T-Mobile, to Google Voice.
Banks all over the country.
All of these phone numbers, I want all of their records.
steve bannon
Yes.
matt gaetz
All of these bank accounts, all these Amex cards, all the PayPal accounts people had.
Wanting all of the records.
It was such a wide drag net and I wonder whether or not some of these phone numbers are going to match up to members of Congress.
unidentified
Yes.
matt gaetz
I wonder if they're going to match our staffs.
unidentified
It was interesting to see that the subpoenas depicted, there must have been some very good conversation going on between big tech companies, big telecom companies and the committee because the committee would send out a subpoena to the banks and it would say, it would ask for these internal file numbers of the bank and they give like
30 file numbers.
steve bannon
Oh, they've already had, they've already given.
unidentified
Which they've already, but they nonetheless then subpoenaed it and got it.
So, but you know, that kind of relationship is pretty.
steve bannon
But that even of itself, even if you don't reconstitute the committee,
which I strongly recommend you guys do, just to put that in front of the American people of how gundeck
this thing was, right?
How organized it was with these parties.
unidentified
As far as I'm concerned.
matt gaetz
But what Tim is saying is that we need to pick up these tools and use them to deconstruct what is a dangerous weaponized left.
tim pool
100%.
Well, so for one, I'm fascinated by the fact that we have active Antifa terror, right?
You know, I hate to say Antifa.
It's far left.
It's a plethora of groups or whatever.
Actively firebombing houses.
They flipped a guy's truck over.
Random guy.
Flipped this truck over, set it on fire.
They shot a cop.
This is escalating.
A French and a Canadian guy were involved.
An NGO lawyer was involved.
So we have that actively happening.
But I do agree, I think.
For one, I think the American people aren't being told what's going on because it's being ignored by the press because it's bad for them.
They want to side with their audience.
And I think we can force them to cover it if we had some kind of, hey, look, we're going to do the same thing.
At the same time, I'd love it if you guys subpoenaed Ray Epps.
steve bannon
No, that would have to be part of it.
I think you have to use the facial recognition and go to the DHS.
You have to find out how many federal agents were there.
There was obviously federal agents.
My point is you have to go back to the beginning and find out what people knew.
I had Chris Miller, the acting Secretary of Defense at the time.
He was on the show.
He had a book that came out.
300 pages long.
20 pages deal with this situation.
I think I'm the only guy who read it.
Because he's got explosive stuff.
He, as Secretary of Defense, couldn't get anybody organized, an FBI or just anything, to even have a meeting to plan on security.
He just keeps watching TV.
So he finally called and they would meet on Sunday afternoon before the Tuesday.
I think January 2nd or 3rd.
He has a Zoom call.
Now this is the acting Secretary of Defense.
He's got the FBI, DOJ, all of it.
And they're sitting there going, yeah, we have intelligence.
There's going to be 35,000 people there.
And he goes, gosh, they had a million in November 12th.
They had 75,000 on the 14th.
Hey, this is how we've done this.
We got until 35,000.
And he goes, well, you know, can we help?
Can we get troops?
Can we get National Guard?
I can get all the stuff.
And he was told, no, the D.C.
Metro and Capitol Hill police can handle up to a million protesters.
And it's fine.
And that will be fine.
And he says, well, how many?
Bowser finally asked for 325 National Guard, which he deployed to Andrews Air Force Base.
Wouldn't even let him in the Pentagon.
Didn't want him in the city.
Andrews Air Force Base, which is, you know, 45 miles, minutes away in traffic.
He goes to the White House the next day for Trump on another separate meeting.
And Trump's sitting there and, you know, they're getting, it's another, I think they're going to pull the troops out of Korea, right?
So he's leaving and Trump goes, hey, are you ready for tomorrow?
And he goes, well, I think we are, sir.
He says, well, what are you, you know, what are you doing?
He says, well, we've had this big meeting and I've got 325 troops that are going to go to Andrews.
And Trump goes, now you're going to need $10,000.
You should call up $10,000.
It's in the book right there.
He says, Trump said you're going to need $10,000.
You should get them up.
And he's pre-stationed.
And he says, well, they don't want it.
The mayor doesn't want it.
Nancy Pelosi doesn't want it.
Nobody wants it.
tim pool
To what degree?
steve bannon
Nobody in the country knows that.
That's why the committee, you go back to the beginning.
unidentified
You know, the committee didn't put in the report, but they had their chief investigator who goes to NBC after the thing's closed up and puts the information out about the government, that the agencies did know all that was going to happen and that they didn't.
tim pool
So I want to ask you, Steve, to what degree do you believe that this was Either let to happen by the federal government or actually incited by the federal government themselves.
Well, the war room... Agents of, I should say.
steve bannon
The war room, as you know, is right in back of the Supreme Court, you know, we're like a block away.
And I found it stunning on that day.
I never left the war room, did the morning show, get ready for the afternoon show, but guys told me they had basically deployed the Capitol Hill police in the bike racks.
There was nothing there.
And I just found that to be stunning, given the fact that People knew it was going to be a big march, etc.
So, I don't know.
It's all speculation.
What I'd like to get is the facts in front of, and let the Democrats cross-examine guys, let them see the stuff, let them, I'm sure they're going to leak some stuff, but if you got, even if you got some of the original J6 people back up there and cross-examine them, cross-examine, like the Hutchison, cross-examine these people under penalty of perjury, you might get some very different stories.
And I think that's necessary because I think Trump was smeared, you know, soup to nuts in this thing.
matt gaetz
Yeah, I think that there's a criminal acuity that may have been increased by some of these FBI assets.
And here's the incentive structure that creates that.
We were talking earlier in the program about how the FBI changed in culture to an intelligence collection organization.
And so what they would do is they would seed assets into a lot of these groups that they thought were dangerous.
The Three Percenters, the Proud Boys, The oath keepers.
And then the incentive structure for that person, informing back to the FBI, is for that group to seem as significant as possible.
And so, do I believe that Christopher Wray was giving an order to somebody wearing a federal badge to commit a crime on that day?
No, but I think they created an incentive structure where some of their assets, confidential informants, confidential human sources, that were baked into these groups tried to facilitate and encourage a higher level of criminal acuity and by the way it's unreasonable to think that because that's what we saw in the Whitmer case.
steve bannon
You've covered exactly you've covered Michigan better than anybody and that's exactly what the Whitmer case is.
It's a perfect example and that and by the way many people in the Whitmer case at the senior levels were here it just looks like it was a it was bloody Kansas to the Civil War.
It was kind of the preamble The microcosm of the thing itself.
tim pool
Like a trial balloon.
steve bannon
I don't know and the country doesn't know.
matt gaetz
And the very special agent in charge who ran the Whitmer investigation in Michigan ends up in the Washington field office.
steve bannon
And if you look at the deposition of Ray Epps and you compare it to, I mean, they're trying to guide his testimony.
It just beggars belief there's not something there.
And you need a formal process.
All I'm saying is go back to what Congress really does well.
To have these big, complicated, special committees.
We've got Watergate, the Pearl Harbor Commission, the 9-11 Commission, the Commission on the 2008 Financial Crisis, and it's always the same cookie cutter.
That's what they had.
It's one of my appeals.
One of the big fights was not just executive privilege, but also about the construction of the committee.
They came down to one word, shall versus will.
And we're going to appeal that.
Because the committee was, you try to put up Jordan and Banks.
She said no.
And then McCarthy made a decision, just let it go.
And they never had a ranking member.
And most importantly, never had a minority counsel.
Never saw the evidence.
And never got to cross it.
Can you imagine what J6 would be like?
That show trial they did?
Cross-examining these witnesses?
matt gaetz
With a tough prosecutor?
Dad, if you practice law, would you have ever lost a case if there wasn't an opposing lawyer?
I mean, I would be undefeated in the practice of law if there was no opposing law.
unidentified
There are always the war stories about losing the unopposed motion to extend time.
Right.
But no, that really didn't happen very often.
tim pool
A client who represents himself, what is it, a man who represents himself as a fool for a client?
Yeah.
Yeah, you're going up against a pro and you don't know what you're doing.
One of the things that makes me a bit more conspiratorial on January 6th, but I won't say into knowing, just, you know, I have questions is, If someone came to me and it was like, let's say I was working for like a shadowy organization and deep intelligence or whatever.
And they said, we need to guarantee that Donald Trump wins his reelection.
I would say, here's what you do.
When the activists show up on May 29th, you'll let them win.
You let them tear the fences down.
You let them burn the church down.
Then you will have two years of nonstop coverage of the far left terror attack that ransacked and destroyed Washington DC, destroyed an iconic church, forced the president to do a bunker and breached the White House.
And then January 6th happened.
And I'm like, how about that?
When the protesters came to D.C.
unidentified
They took your idea.
That's what you're saying.
tim pool
It's not so much my idea.
unidentified
I mean, they followed that course.
tim pool
That's what it seems like because after what happened on May 29th, I mean, you had, what was it, like, I mean, hundreds of thousands?
There's photos of, an aerial photo of D.C.
with smoke rising up.
They set fire to St.
John's Church, a historic church.
But Trump stopped it.
Trump and Barr stopped it.
And it wasn't even the most brutal crackdown I've ever seen in terms of protests in the United States.
They put their shields up and marched them out.
matt gaetz
I think it was Bill Barr's best moment.
tim pool
But here's the thing.
unidentified
Media attacked them for stopping it, right?
tim pool
Exactly.
They said it was a brutal... Deploy tear gas.
unidentified
you brutalize people in protesting. Trump retreats the bunker and says I was just
tim pool
checking it out and the media mocks him for it. But imagine what would have
happened if the video footage was far leftists ripping down the fences in front
of the White House and the next day Trump came out and didn't take a picture
with a Bible in front of the standing church, he took a picture with police
officers and firefighters in front of an iconic historic church that was burnt to
the ground by Antifa. That's that's psyops. That's that's understanding the
game. Trump I believe I believe is a true believer.
I believe the people he brought on, for the most part, not everybody, they're thinking like, hey, we gotta stop these extremists, let's do our job.
But then you look at the people who are more nefarious and more evil, and they say, no, no, no, no, no, no, let them, let them in.
Then you get these videos coming out now of Chansley, the cops are walking with him, they try to open one of the doors.
steve bannon
I don't buy the theory at all.
I think Bill Barr did a terrible job.
There were no Tiger teams set up in any of those cities, Portland or any of them, to go with special prosecutors that would flood the zone and start indicting people and arresting people.
I think the Justice Department was terrible the entire time.
tim pool
I agree.
matt gaetz
No, I was facetiously saying Bill Barr's finest moment was Lafayette Square.
I'm a Bill Barr critic.
Bill Barr was mostly a clown.
steve bannon
Mostly a clown.
They didn't set up any special prosecuting units.
They didn't flood the zone to Chicago, to Portland, to Seattle, anything.
matt gaetz
No, his best moment was Lafayette Square.
His second best moment was the bagpipes.
Everything else was downhill from there.
tim pool
No, no, I agree with that.
steve bannon
And Lafayette Square, by the way, after the photo op is when, quite frankly, the coup really started.
As Esper says in his book, he went back and talked to Milley because the media got on him.
And that's when they made an agreement.
It didn't go either direction, I suppose I should say.
The 529 insurrection, as I like to call it, was shut down, and there was some damage, and they got mocked for it.
should have gone and resigned. To me that is a absolute coup when they made decisions
and made decisions later on about who they were going to talk to and other militaries,
matt gaetz
etc.
tim pool
It didn't go either direction, I suppose I should say. The 529 insurrection, as I like
to call it, was shut down and there was some damage and they got mocked for it. But when
it came to CHAZ and the attempt at these autonomous zones, there was nothing. So, I mean, you
have an opportunity to either show the people you're shutting down, and we call it the summer
of love, because the riots were the worst we've seen in 50 years.
Who is the... Michael Tracy did reporting, I believe it's... Michael Tracy is his name?
He did the reporting.
steve bannon
I don't think you can get there.
I don't think the country actually wants to revisit that.
I'll be blunt.
I think you have to... If you want to get there, I think it needs to be done.
We need to go back to that summer and all those riots and get to the bottom of, particularly in the city, but other cities.
We're not there.
I think you've got to start.
Listen, Kamala Harris, they just said the other day, walked up and they compared her to Pearl Harbor in 9-11.
They say Pearl Harbor, 9-11, and this.
If it's at that level, it should have a formal investigation.
I don't know why we don't have a vehicle to do that now.
200 years. And then once that's done, I think the American people, because look, 4 million
people watched Tucker the other night, and they're in shock.
And we only got one night of footage in the QAnon shaman and some things like that.
What happens if you guys had several, you know, eight weeks to prepare teams on it and gave the
Democrats so they could cross-examine?
It would be galvanizing TV, first off. It would be the number one show in the country.
unidentified
I don't know why we don't have a vehicle to do that now. I don't know why that couldn't
be done under the Select Subcommittee on Weaponization. Isn't that weaponization of
steve bannon
I think, or oversight or whatever, you guys pick it, but to me, I don't know why it's not happening.
The J16 is going to be a festering sort there for the country, and then I think in the process of doing it, they're going to go, wow, what about these other things?
matt gaetz
It is a balance, Steve, because I think one of the mistakes Democrats made in our hearing this past week was exclusively focusing on the past.
Dan Goldman wanted to re-litigate the Russia hoax.
They wanted to re-litigate the Ukraine impeachment.
And we're talking about the type of society with a free exchange of ideas that we want to be able to preserve for the next generation.
And I think we have to balance the need for justice and preservation of civil liberties with a vision.
steve bannon
But I think the vision going forward, Congressman, is the following.
I think people would be absolutely shocked when Congress got to the bottom of what was the intelligence of the intelligence community.
Does DHS actually have a domestic intelligence unit?
And were there federal assets and officers involved there?
That would shock the country.
And going forward, we said, we're not going to do this anymore.
matt gaetz
The New York Times already reported it.
This is our paper of record, as you like to say on The War Room.
steve bannon
Beloved paper of record.
Well, my recommendation is, until we do that, until you have a formal investigation of J6, because look, Murdoch and these guys shut Tucker down.
tim pool
They shut him down.
steve bannon
He's the biggest, most powerful... He didn't show any more footage.
No.
And the next night, you could tell, you and I talked about it, they clearly put that show together at the last second.
I mean, he had the Russell Brand thing from the day, from Tucker Today.
They had plug and play.
He's got a lot more footage he wanted to... More footage appeared.
A lot more footage.
tim pool
And they ran Russell Brand, which was a pre-recorded.
steve bannon
Pre-recorded, from the day of an interview they did on a streaming show, Fox Nation.
unidentified
He maintained a brave front, but there was no more footage.
steve bannon
No more original footage since the first night.
They've had the mother of the QAnon shaman and the lawyers on that didn't get it.
unidentified
Steve, doesn't this footage have to be released to the country?
steve bannon
I would think.
Crowdsource it.
I think you have to.
unidentified
I think the notion of meaningful security risks is absurd.
matt gaetz
People walk around the Capitol every day.
People are taking pictures of This building on a moment by moment basis.
So I think that's a red herring.
And one thing I learned during the Russia hoax is that you've got to get information out.
And we have all of these online sleuths that analyze and assemble and aggregate and promote.
And it is a fool who believes that holding information in for the perfect titrated release is commanding the day.
Actually, it's We really ought to be judged on the volume of information we get before the American people.
unidentified
We did sit today at the terminals that are set up, that have the videos that are all there, and I do not know how Tucker's staff were able to sit down at those three terminals and go through, what is it, 40,000 hours?
And a lot of it you can eliminate, but you get a map, you can see where all the cameras are, you can drag the camera over.
steve bannon
Are you the first two people of elected office actually to go and go through the files?
matt gaetz
We are, to my understanding, we are the first two Republican lawmakers that have had access to the full suite of files of the January 6th Committee.
unidentified
Yeah, that's probably, that certainly is true.
tim pool
Can we get the footage to a different news organization if Tucker can't do it?
unidentified
You know, that's the speaker's call.
steve bannon
Well, McCarthy told Boyle, I mean the Breitbart interview, he told Boyle in the first question, I'm going to release it.
That's fine.
He says, I'm going to release all this.
I'm going to release it all.
tim pool
Publicly?
So it's going to be in an archive and we just download it?
steve bannon
He said, I'm going to release it to every news organization, essentially.
He's not going to hold it tight as soon as, I guess, Tucker's finished with this.
Obviously, some decision will be made shortly, right?
matt gaetz
But this all has to inform the appropriations process, though.
What Dan and I worry about sometimes is that we're going to do all this legwork.
We're going to expose these facts.
We do not have the ability to put handcuffs on anybody.
We don't have the ability to charge anyone with a crime.
Any referral for criminal prosecution that we send to Merrick Garland is going to end up in the circular.
steve bannon
Mark Levin told me, Mark Levin said on the stage of CPAC after your speech, we're not going to defund the FBI.
We're not going to defund the FBI.
It's a ridiculous idea and we're not going to do it.
matt gaetz
We have to curtail the abused authorities and then we have to drain the blood Out of this place.
And that is going to mean using a meat cleaver when approaching the FBI budget, not an X-Acto knife.
unidentified
I think that's exactly right.
Do you get rid of the FBI?
Maybe you don't get rid of the FBI, but can you not look at them and see they've got too much in the way of resources?
They're too big.
They're too omnipresent.
tim pool
I'm okay with it.
matt gaetz
Lay out your idea about breaking up the FBI under the authority of the U.S.
Attorney.
unidentified
I think another problem that's obvious is that it's all this decision making.
That was the Mueller change, right?
steve bannon
I love Dan Bishop's idea.
unidentified
Mueller changed it into a centralized decision making and intelligence gathering organization.
You need to decentralize it.
You need to get rid of the Washington field office.
You need to get rid of the executive power.
steve bannon
You probably need to separate out any intelligence functions.
unidentified
That was my proposal.
Let's let the U.S.
attorneys be responsible for their investigators, which are the FBI.
steve bannon
Your part of Florida and North Carolina are two of the most conservative parts of the country.
If you go back to them and talk about dramatically restructuring and taking powers away from the FBI, what would they say?
unidentified
Standing ovations.
Look, I've done it.
I do do that.
This is something that's very interesting to me.
Coming to Washington, I haven't been here, I've only been here four years almost.
People out there, it's amazing, they're very well informed and they are way ahead of Washington.
They are way ahead of understanding what needs to be done.
And they're not shy about saying that, you know, so when Chip Roy talks about defunding woke and weaponized government in Washington, I think There's a cheering section out there, and it's really big.
tim pool
I was particularly impressed with the hearings with Big Tech when you had Matt Tybee being a so-called journalist, and you also had a woman who did not know what Substack or who Mr. Weiss was.
And I thought to myself, did they do five minutes of Google prep before coming into this hearing?
matt gaetz
No, Sylvia Garcia is going to send a subpoena to find out exactly how high the Substack is.
steve bannon
Not good.
tim pool
Well, I mean, how are we supposed to solve these problems when you've got people who come in, clearly in bad faith, with no knowledge, and claim, it's not happening, but I don't know what you're claiming is happening.
You know what I mean?
unidentified
The question is, do they look like clowns to the country as much as they do to us?
steve bannon
I don't think there's any doubt.
unidentified
They think they're bound to.
They're bound to.
Because they're attacking, I mean, you can, look, I'm an older guy and stuff like that.
Matt Taibbi and Michael Schellenberger, everybody who's watching things, they know these guys.
steve bannon
Taibbi and Andrew went at it every day, right?
That shows you how far the country's come, right?
With Taibbi now being basically a witness for honesty and truth and this thing's gotten out of control.
To me, that was a huge moment.
Of course, the mainstream media didn't want to touch it because he's a renowned guy, a guy with real credentials.
tim pool
I feel like the way I describe it is This country is suffering from hypoxia.
One hemisphere of this country's brain has been starved of oxygen.
And when you are suffering from hypoxia, you cannot save yourself because you don't know.
So they do these tests where they'll reduce the oxygen level in a hyperbaric chamber or something, ask you math questions.
The people think they're answering right.
When they turn the oxygen back up, they look at scribbles and chicken scratches and they're like, I thought I put the right answer down.
I put the wrong numbers.
How are we supposed to solve a problem when, you know, you ask if people are No, you're too generous.
matt gaetz
Hypoxia isn't typically something that you do to yourself.
I sometimes wonder with these folks, which stage of the ritualistic self-mutilation exercise are we in at this point?
Yeah.
And especially, you know, on The War Room, we talk a lot about China.
And as I assess these Chinese capabilities that we allow into our country, like the balloon mania I never really got because we got what, one in every four Americans with TikTok on their phone?
We've got Chinese surveillance equipment at almost every U.S.
port where they are able to get signals intelligence on the entire supply chain of the United States.
We have rural America being connected by Chinese technology.
We have U.S.
police stations flying Chinese drones and we're going to get worked up over like 1950s technology.
steve bannon
But everybody can see it!
matt gaetz
Right, everyone can see it.
So it was a sigh-ah.
I came on The War Room the day after and said, I thought that was a total sigh-ah.
But a serious country would not do these things.
A serious country would not allow what's happening on the border to happen.
And one of the things that's frustrated Dan and I is that We've got some of these Republicans who will not vote for the legislation necessary to jam the Biden into a border strategy.
And we've got to have a vote on Chip Roy's legislation to detain or turn away at the border.
unidentified
And let the chips fall where they may.
matt gaetz
But we are hearing now that there are folks who say, oh, well, if it won't pass, we can't bring it to the floor because that would show weakness.
No, you know what?
It would show strength.
The strength of our ideas.
unidentified
They say their concern is that it'll expose the people who vote against that to losing their seats.
Why shouldn't we expose them to it?
Have other people replace them.
steve bannon
Look, you guys in four days did more for this country than has been done on Capitol Hill in 40 years.
matt gaetz
Bullshit, Steve.
I will not take that praise because all we did was develop a toolbox.
unidentified
Yeah, but there's been all this adulation.
steve bannon
Not just that, you galvanized everybody.
Everybody was watching.
It was the number one TV show.
It galvanized the country.
And people realized, because you were so opposed by Fox and everybody at first, that you're not bringing the country together.
You have to have unity, everything like that.
And you showed exactly what the problems are.
matt gaetz
But it's not an end done to itself.
steve bannon
It's not.
matt gaetz
The summit has not been achieved.
steve bannon
No, no, no, but I didn't say that.
My point is that You guys always had that weapon of how to take the magnificent six of the mighty 20 and do it again.
You know you're going to, like you said, the country is far ahead of where the city is in this capital.
You guys have, the people have your back.
You just have to be more aggressive on how you do it.
You can't, there's no amount of aggressive action you can take in Congress right now that will not be rewarded by people saying, I like these guys.
I like what they said.
Like your thing on Syria.
Dad?
When you stood up, and it was the Republicans, it was the intervention of the Republicans that looked idiotic, because nobody actually heard a compelling case how, one, Congress has to get this power back, and number two, this is absurd of what we're doing.
The neocon, this whole neocon, you know, trying to police the world.
That was a powerful moment.
You guys just need more and more and more.
I wouldn't pull punches.
You know, you give McCarthy's guys some time, but then you gotta start, and I think you're gonna have more people up there realizing, hey, I gotta be part of this team.
tim pool
I want to give a white pill I guess for all those who may be discouraged.
I kind of feel like the position I've been in for a long time, like as you're describing
it, no more world police, I believe in securing our borders, bringing jobs back, bolstering
the American people, all that stuff.
And I felt when I was younger that it didn't exist at all.
It was the establishment neocons and it was the corporate neolibs.
Now it feels like as much as sometimes it feels like we're losing in some respect, this
is actually the most I've ever seen in terms of real opposition to the machine, especially
steve bannon
The neoliberal neocon world order we've had since World War II is collapsing before our
eyes.
You can see that.
It makes me smile.
Well, chaos is going to – I mean something's got to come out of this and it's going to
be a not pleasant transition.
But from Silicon Valley Bank to what's happening in Syria, you've got the neoliberal part
of capitalism that is collapsing.
You've got this situation in Ukraine and now you've got the CCP just cut a deal with
Iran and our great ally Saudi Arabia to basically take Chinese currency, yuan, instead of petrodollars.
The neoliberal, neocon world structure is collapsing before our eyes, okay?
And you never know where the next shock's gonna come from.
Silicon Valley Bank, Kramer was touting the stock Right, a couple of weeks ago.
unidentified
Right?
steve bannon
Touting the stock as a go long, as a buy, a couple of weeks ago.
tim pool
It's too good.
unidentified
No, too good.
steve bannon
And by the way, the company's out trying to raise a couple of billion dollars a week ago.
It's like short, short, quick.
And this thing, you don't know where the contagion's going to be.
It caught everybody's surprise.
The California regulators had to, I said today on the show at 10 o'clock, I said, this bank will not exist by the close of business.
Now what shocked me, Was that the California regulators stepped in before the Fed because yelling these guys don't want this.
Such a bad narrative for them about what's happened to the bonds, the government securities, all of it.
Such a terrible narrative that in this thing, remember, you're going to have a thousand great startups that are not going to make payroll next week and they're going to come right here.
here. It's a hundred and seventy, one hundred sixty nine billion dollars in
deposits are uninsured. They're going to come right to the Capitol next week and
they're going to ask flying over East Palestine, Ohio, which never got a ballot
and they're coming right here and say guys, innovation, the guy said we're going
to we're going to fall behind China by a decade in innovation because the best
startup companies we have all bank here, they're not going to make payroll, it's
going to it's going to collapse.
72 hours ago, we didn't know anything about this.
My point is, that's the neoliberal, neocon order is collapsing in front of you.
tim pool
So become a member at TimCast.com so that we can make payroll because I'm only half kidding actually when whenever this stuff hits I mean we we see it and we we often see it first because yes what happens is when COVID first hit all of these small businesses the way ads work on YouTube Small mom-and-pop restaurant buys a couple hundred bucks in ads for the month that target their local area.
People will see it on Facebook or Instagram or something.
But that all adds up.
Our video plays in that area, hits those ads.
steve bannon
I wouldn't know, Tim.
I've been banned on YouTube.
tim pool
That's right.
steve bannon
On every platform.
tim pool
How about you, Matt?
matt gaetz
Still on YouTube.
By the way, I got strikes on YouTube only when I would post my interviews on War Room.
All of my strikes are War Room strikes.
tim pool
I want to say right now, we are seeing ad rates dropping a lot.
We're seeing these layoffs in Silicon Valley.
Before SVB, this news came out, all the tech layoffs.
I'm looking at our ad rates, so I'm just like, be a member because membership is a shield for us.
And then with ads dropping the way they are this time of year, it feels like it's going to be a summer of very, very dark financial days.
Now we're seeing this.
Look, I don't want to say something that could precipitate it by encouraging people to panic or anything like that.
I'm just saying, I agree with you that the world, the neolib, neocon system is breaking apart.
That means the night is always darkest before the dawn.
I tell people to get some chickens and get some emergency food and learn how to take care of themselves.
steve bannon
This is madness.
The economic system we have today is madness.
When Biden sits there, when you look at the depression of working class people in this country, and they come up this week, everything we've been talking about, and they come up with a $6.8 trillion budget.
Not one cut to one program.
In fact, the rate of increase, I think, is almost 6%.
A 5.2% pay increase for federal employees.
And across the board, they have at their own calculation, what, $1.5 trillion deficits, as far as I can go.
The $3 trillion taxes, which my recommendation is the House should meet tomorrow and Saturday, the Republicans.
They should pass every tax increase they've got.
All of them.
Send it to the Schumer and the Democrats and dare them to pass it.
You're going to see what phonies they are.
Because it's all their donors.
All the big hedge fund guys are their donors.
All the billionaires are their donors.
Those billionaires hate MAGA, right?
And by the way, if Schumer had the guts to do it, which he wouldn't do it, Biden would veto it.
Because it's all his sponsors.
matt gaetz
Ben, it's all in on the great foreign wealth tax.
steve bannon
I'm not actually for repatriation. I'm for more than the wealth tax.
For the wealth tax?
I'm more than that.
I want the repatriation.
Look, when you have 1% of the people, citizens, own more assets than the bottom 90, that system can't sustain itself.
If the revolutionary generation came back, they would spit on the floor.
They fought a revolution to get away from a landed aristocracy and the mercantilist system of the monopolies of the British East India Company and others like it.
That's why John Adams and Sam Adams and Hancock were smugglers.
The rest were smart lawyers.
They said, we want our own deal.
We're not going to do that.
They came back and said, you guys allowed this to devolve into an oligarchy?
Are you kidding me?
We're 1% of the people?
This is exactly what they fought the revolution for.
matt gaetz
There was a belief in the elites, even among the revolutionaries.
unidentified
Yes.
Yes.
matt gaetz
Exactly.
of duty that was expected of the U.S. and that's what we lack today.
And I don't know how you reignite that sense of patriotism.
steve bannon
I think the way you do it is what you guys did in the first week of January.
But even that, when you had everybody in conservative media against you, when you had Fox News against you, we had, oh it's Unity and you guys are terrible guys, and I gotta tell you, we came that close on that Friday night at 10 o'clock to total victory, right?
It was that, it was hung in the balance.
So it's, it's, I think people get patriotic when they see that, when they see action.
They love their country.
Go out in the hinterland.
In your constituents, they're so far ahead of where we are.
It's not stupid.
They understand the details.
They understand what's going on because of shows like Tim Pool and so many other podcasts out there that get the information out to people and they're hungry for information.
They will immerse themselves.
If you put up different links to go to, they will start.
I give homework assignments over the weekend.
People will read it and come back and will be informed and will be asking questions in the chat rooms, etc.
So, people want the patriotism, the DNA of our revolution is still with us.
matt gaetz
Right.
steve bannon
Right?
It's still with us.
Remember, there's only a third of the guys in the revolution on our side, right?
There's a third Tories, a third of ourselves, and a third in the middle like there always is to say, hey, I'm going to see how this thing plays out.
matt gaetz
That's the resilience of the country.
unidentified
The resilience, exactly.
They can take institutions over.
But they can't really change that.
People can step forward and do it, fix something when they're ready to do it.
tim pool
It sounds like Occupy Wall Street, you know, and I think the reason Critical Race Theory... Occupy Wall Street had a lot of positive stuff with it before it went off the tracks.
unidentified
Listen, you can't have a system... It's just a ball to know a bunch of homeless people playing each other in tents.
steve bannon
The good part is you can have this concert.
Listen, Obama, remember Obama ran as an anti-war populist to defeat Hillary Clinton, right?
Something Bernie Sanders didn't do in two shots on goal, okay?
He ran as an anti-war populist.
When he came in, he inherited This financial collapse, and quite frankly, did the neoliberal way to just flood the zone, take the Federal Reserve's balance sheet, put $4 trillion on it, flood the zone to boost up assets, real estate and stocks and bonds, go to negative interest rates, so the little guy gets screwed.
They debated it.
The minutes of the governors of the Federal Reserve, Dick Fisher down in Dallas, he walked through how you are doing this bailout on the backs of working class and middle class people who have no chance for capital formation.
Their savings accounts, their checkings accounts, their money market accounts are going to have nothing.
In 10 years from now, they're literally going to have nothing except for what they work for, which we're taxing at essentially a 40% rate.
matt gaetz
How long until we vote on the Silicon Valley bank bailout?
You think it'll be next week or you think it'll be two weeks?
unidentified
You know, I gotta tell you something.
I'm not so sure that they can do something like that.
I mean, they got, you know, it's like you said.
We have the tools.
Are we going to admire them or are we going to use them?
I don't think they can do that.
I don't think they can go bail out SBB.
matt gaetz
Dan Bishop predicts it on Tim Cass.
unidentified
There will be no vote on the Silicon Valley.
By the way, you said today, tell them how they're going to do it.
steve bannon
They're going to use national security and they're going to use the deep state as the excuse that Gates nailed today early in our show.
They're going to say that this is the centerpiece of all these companies that are high-tech companies in Silicon Valley, all these companies that let us compete with the Chinese, and if you don't let them make payroll next week, Okay, it's going to collapse and we're going to be a decade behind the CCP.
matt gaetz
So what's the coalition of votes there?
The Silicon Valley Democrats, led by Ro Khanna.
The neoconservatives, led by the traditional voices of that movement in the House Republican Caucus.
And then the appropriators, because spending money is not typically something that's an affront.
To someone on the Appropriations Committee.
Is that the coalition?
That's the coalition I see.
steve bannon
That looks like 400 votes.
matt gaetz
A lot more votes than I got on my resolution to pull out of Syria.
steve bannon
I don't see that coalition coming together.
I don't see Ro Khanna, as much as he talks about economic patriotism, putting that coalition together to have a bailout of East Palestine, Ohio.
You guys are going to replay 2008 and 2009, where, Louie Garmert, you had a decision.
Do we step in and have intervention and try to save this corrupt system by infusing it with taxpayer cash to bail out the elites?
Or do we let the contagion spread and let the devil catch the hindmost?
And the problem is when you're looking into the abyss, it's a very tough call for you guys to make because they're going to sit there and go, right now we're looking into an open pit.
You have no idea how deep this could go, how the American financial system could collapse, how the international financial system could collapse.
So you better vote to bail it out with taxpayer cash.
So you're going to take it from people making $45,000 a year to bail out the wealthiest people on earth, and they're going to put a gun to your head.
And they're going to say, OK, if you vote no and let capitalism take its path, this contagion will spread.
They're already talking about it.
matt gaetz
Is it a contagion or chemotherapy?
steve bannon
That's what I'm trying to figure out.
unidentified
Are you saying let SVB fail?
steve bannon
I think you have to, by the way.
Until you get a bailout of East Palestine, Ohio, screw, screw.
Look, those people are the guys that mock and ridicule MAGA every day of the week.
It's an elite bank.
The, I think, most elite bank in the country.
It only has a certain clientele of only the best of these high-tech companies.
It's all the venture capitalists.
Politically, they all hate us.
They mock and ridicule the central part of this country, the coastal elites.
They've got plenty of cash, plenty of capital.
Let them go bail themselves out.
Physician, heal thyself.
Do not come to us.
When you have not, you sit there and you mock and ridicule East Palestine.
You have some bogus hearing where nothing gets sold, nothing gets sorted.
Until East Palestine gets a bailout, there shouldn't be one freaking penny given to anything in Silicon Valley.
tim pool
I agree, and it feels similar to the energy I felt when you guys stood up in the Speaker's vote, someone finally saying to the machine, you can't just steamroll us over and over and over again.
unidentified
It's the same play!
It's 2008-9, it's the bailout, it's the, well, China drove the COVID catastrophe, it's the same thing.
It is.
steve bannon
It's exactly what's going to happen.
If you go back to town halls, if you go back to town halls in your district, Next weekend.
They've come to us with SVB and we're going to lose.
Here's what we're going to lose.
The contagion is going to spread to other banks.
Number two, we're going to lose all these great companies and we're going to lose all our innovation for a decade.
That's what we're saying.
We're going to lose all our innovation for a decade.
What is your district going to tell you?
matt gaetz
If an earthquake hits Silicon Valley, I'm not sure that my constituents would vote to send FEMA.
unidentified
With the banks failing, they certainly won't be in favor of sending their money.
He's the master.
tim pool
Wow.
So great.
Part of me fears the ripple effect on regular people.
Part of me feels like, rip the bandaid off.
matt gaetz
You cannot have this moral hazard.
You simply cannot.
And you know what?
Bannon told you moments ago, regular people are going to get pinched in this fourth turning that we are
unidentified
in.
matt gaetz
We have to come out of it resilient and strong as a country.
And there will be some good people who I think will pay the price.
But we cannot allow this moral hazard to exist where these companies can go focus on their DEI
and their ESG, and they can induct the new era of canceled culture through the financial
system.
steve bannon
It's going to be very interesting to be a fly on the wall at your conference,
because they're going to come and make a presentation to the conference.
Dan, what's the argument?
And they're going to show the contagion spreading.
And they're going to sit there and go, guys, I know you're not
going to like it, but we've got to saddle up.
And everybody's got to vote for it.
Because if you don't, you're going to make everybody else look bad.
This is the pressure you're going to get.
tim pool
I think Andrew Yang called for it, didn't he?
I'm pretty sure he tweeted the federal government should backstop SBB.
steve bannon
Bill Ackman already did.
Bill Ackman already said, if there's not a deal with another bank over the weekend, we have to begin the process of a federal bailout immediately.
tim pool
Yeah, Andrew Yang tweeted, in the absence of some kind of action, you'll see thousands of mass layoffs and defunct companies, a wiped out generation of startups, huge problems in California, in particular, and spreading financial contagion that will infect a host of regional banks at a minimum.
steve bannon
Get ready Monday, because that's going to be everything on TV, and they're going to be calling you guys back to say it.
matt gaetz
But there was a startup bubble because of the COVID policies.
I don't think people connect that.
There was this belief that because of COVID, we were all going to live in our pods, Eat the bugs and have DoorDash deliver our food.
steve bannon
Read it again from the top.
That's exactly it.
This is summary, Yang summarizes it perfectly.
tim pool
In the absence of some kind of action, you'll see thousands of mass layoffs and defunct companies,
a wiped out generation of startups, huge problems in California in particular,
and a spreading financial contagion that will infect a host of regional banks at minimum.
I'd just like to add, you know, he says that, and I'm sort of feeling worried until he says
huge problems in California in particular, and I'm like, oh, well now I'm not
trying to care all that much.
unidentified
Oh, that's good.
I'm just not, I don't know how I got out of this.
Those are the building blocks of the narrative and they're going to work it all weekend.
steve bannon
The Sunday shows are going to all be about this.
A generation of tech companies, contagion spread, it's all the narrative.
Those are the building blocks of the narrative and they're going to work it all weekend.
The Sunday shows are going to all be about this.
It's not going to be about the financial policies of Joe Biden and Powell and these radicals
and incompetents that caused the collapse of Silicon Valley Bank because that's what
There'll be nothing about that.
It'll all be about how we have to step in and bail this thing out.
tim pool
Just go to your constituents and say, please think of the people in the Bay Area and how much of your support they need.
There's two Starbucks across from each other.
What if one of them goes under?
They need your help.
unidentified
A lot of people are going to be saying, this is what we've been waiting for.
tim pool
That's right.
steve bannon
Let Starbucks unionize first and then we'll talk about it.
tim pool
Yeah.
That's the interesting thing, man.
I got really triggered once because I saw a meme that accused you of being a white supremacist, Steve.
And I see all these Occupy people insulting you, and it's this picture of you, and they're just like... It's a meme where they claim that you think you're the master race.
And I'm like, have they listened to a single word Steve Bennis ever said?
Because you're the guy who would be up on top of the stage everything you just said.
Bullhorning to all of these people, this is it, and they'd be cheering for you, but the media introduces critical race theory, gender ideology, lies about you, and it splits up the people who should be agreeing with you.
steve bannon
This is about money.
The collapse of the neoliberal order is a chance.
unidentified
I do Royce White's show later.
steve bannon
The collapse of the neoliberal order, which is predicated upon the slave labor of China, the Lao-Beijing, gives us an opportunity to throw off the chains of working-class people everywhere, regardless of race or gender or religion.
And we have a unique opportunity to do that in this, and that's going to come.
That's why populism is on the rise, and particularly that's why right-wing... I'm proud to be a right-wing populist.
That's why right-wing populism is on the rise.
tim pool
So, Min Liang Tan, co-founder and CEO of Razor, tweeted, I think Twitter should buy SVB and become a digital bank.
Elon Musk replied, I'm open to the idea.
Seems a bit silly.
I don't know.
What would you think about that?
steve bannon
I think until Elon Musk starts letting back on the most, the true anti-CCP people that he keeps blocked off there, myself included, not that I want to go on there.
He's owned by the Chinese Communist Party.
When you talk about Tesla, his only thing of real value is Tesla.
He uses it for margin loans, he sells the stock.
The Shanghai joint venture is 100% controlled by the CCP.
This is why he never goes after the CCP.
This is why he always backs off.
This is when they had the protest about the lockdowns of COVID.
He will not do it.
Elon Musk is a total and complete phony.
He is in bed in a business party, he's done some good stuff, letting stuff out,
you know, with Tayibi and others, it's fine.
But he is owned, locked, stocked and barreled by the Chinese Communist Party and he acts like it.
tim pool
There was a story recently that they warned him to stop talking about lab leak.
100%.
unidentified
They want him to take down the tweets he did the first time.
steve bannon
Now, he didn't take them down, but you notice he didn't have any more up there after that.
tim pool
And I wonder if he said, okay, I won't tweet more about it.
But here's the issue I see with the CCP in the United States, and if the United States falters.
steve bannon
By the way, the CCP, Chinese companies, are all in the Silicon Valley.
That's another thing they're already talking about.
We think maybe up to a third of those innovative companies may be CCP.
tim pool
The principle that we see in American politics applies similarly to the rest of the world.
China will crush you with a boot if you're operating within their borders.
The United States will have committee hearings.
They may fine you.
They'll come after you.
In the United States, Antifa will throw a mortar through your window and they'll firebomb your house.
And the right will struggle to say mean words about you.
Matt Walsh calls an individual unearthly and there's this, oh, I can't believe he dared say that.
And then Antifa ransacks a government facility and burns houses down.
And it's not even in the news.
So, I think I can see what's going to happen if that pressure continues.
Elon Musk is going to say, look, I can go to the US, I can rag on their government, I can rag on the problems politically, and it's fine.
In fact, it gets me more supporters.
China will destroy me in two seconds if I go anywhere near that, so I better shut up about them.
steve bannon
See, that's what I think with the FBI and all this about the domestic terrorism and the white supremacy and all that.
I don't think you can get there, even in hearings or whatever, until you get to the bottom of J6.
I think J6 is so emblazoned in people's memories.
matt gaetz
If you go back and actually show... Well, J6 changed the way the FBI thought about domestic violence extremism.
I mean, we have been in depositions where the whole construct of categorizing domestic violence extremism, the way they would mark a case, you know, for example, if you were investigating an organization, You would open a file and then you would open up targets underneath that file.
after J6 there was such a desire to resource an effort to combat domestic violence extremism
that they would say in an organization if there were eight people each separate person
had to have a separate file opened on them so that they could create the veneer or the
illusion that there was a greater problem than there ever was.
unidentified
Throughout the country they assign these cases to the individual field offices instead of
all of them being Washington field office cases in order to get the appearance of this
burgeoning spread of domestic violent extremism.
You know but Matt on the other hand ever since I walked in the door up here I've been hearing
from these people to sit down in hearings and homeland security or judiciary committees
and they tell us about the most lethal threat to the homeland is domestic violent extremism.
So they use January 6th to advance a narrative.
You know, I think it's sort of a waystation, though, Steve.
I think Tim is right, that you may be right, the country doesn't want to go back and rehearse all of Portland and Seattle and Chaz and so forth, but the Atlanta attack does open up a new chapter.
steve bannon
Yes.
unidentified
All of this is weaponization.
Actually, you can see, there's another one, you mentioned Whitmer.
You know, one of the FBI handlers, and one of those with the Whitmer informant, main guy there, was trying to also run a separate scam with respect to Ralph Northam.
And there's that line that he uses, the FBI handler to the confidential human source, who is about to reach out to somebody who's trying to draw into one of these FBI plots, and he says, and the informant asks for guidance, and he says, the plot is specifically to kill the governor.
The FBI is trying to inspire and concoct.
Plus, there was another one involving a BLM guy.
They wanted to propose an assassination plot against the Attorney General of Colorado.
matt gaetz
What is up?
Let's pause there because it's a tactical decision we have to make.
There have been circumstances where the FBI has taken action against the left.
that might offend our sense of civil liberties.
Dan and I believe that our committee work will be more successful
if you get the few civil libertarians that still might exist as an endangered species on the left
interested in some of the work we're doing.
steve bannon
I agree with you 100%.
I think you ought to do the investigation.
They try to do this in left-wing groups.
You got to expose that because ultimately it can be turned against anybody.
It's the apparatus that's the problem, right?
So I think if you can garner support from the few remaining True civil libertarians are up there.
You definitely don't do that.
In order to look at what the abuses they did to left-wing groups, I'm sure they're out there.
matt gaetz
They are.
On FISA, for example, Zoe Lofgren of California is an ally to try to curtail the authorities that have been abused.
How do we put together ideas, legislation that can draw those people into a reform movement?
tim pool
I feel like you've mostly won the civil libertarians.
I find myself sitting down with conservatives all the time who have staunchly conservative views that I mostly don't share, but we never even talk about that because the issue is typically the weaponization of government, the failure of our, or capture of our institutions.
So you end up with this, I call it sometimes the freedom faction, I guess, because I'm like saying the right doesn't make sense because there are people who are actually somewhat socialist lean.
I mean, Joe Rogan, for instance, talks about UBI and other socialist like policies.
He's very left.
matt gaetz
Said he would have voted for Bernie, if Bernie had been in the general.
tim pool
And then on all these issues, though, he's now like, well, I'd rather vote for Trump than Biden.
I'm like, okay, well, how do you get a left-wing guy who likes Bernie to say, I'd rather vote for Trump?
It's because the issue is facts.
If you can sit down with someone who says they're pro-life and want a flat tax or something, and then I say, okay, well, we can talk about that, I guess.
But then they're like, oh, and here's a book of facts of what really happened.
And then I'm like, those are all true.
I agree with you on that.
Then you got another faction of people that either don't know, don't care, or believe lies.
I see, I think a lot of people who follow this show, for instance, we've done a few polls, some informal, some more formal, and it's like 40% moderates.
They don't consider themselves conservatives or Republican.
They consider themselves like, I used to be liberal, I guess.
Now I don't know what's going on.
So I do feel like that coalition is here.
The question is, Is it that people are too scared to get active and speak out because institutional capture means... Well, how many people... Look, you used to have a wide swath of the center-left Democrats were civil libertarians.
steve bannon
That's an endangered species now.
You only have a very small handful that will go against the narrative because they're like Stalinists on the left now.
tim pool
Exactly.
matt gaetz
An interesting case study is former congressman, current Colorado governor, Jared Polis.
Jared Polis and Justin Amash were in a Liberty Caucus together, where they would fight against government surveillance, where they would fight against endless wars.
And then Jared Polis gets a little power in the executive branch in Colorado and turns into a big government, command and control, pro-lockdown.
Marxist.
steve bannon
Left-wing fascist.
matt gaetz
Yeah, and it's crazy to see that evolution just with the introduction of a little bit of power with some of these folks.
tim pool
I want to try and read some superchats.
I can't read them all because of the way we have it set up, but there are some that I think are interesting.
I'll try and read as many as I can.
This one's actually interesting.
Christopher Macy says, I worked for Silicon Valley Bank.
Left over a year ago, they were violating equal employment opportunity laws consistently.
It was so woke I had to leave.
Tim, I sent an email on what I'm doing to change culture and feed my community and others.
Appreciate it.
So, the one thing I think could be, one approach is, we saw Yunkin do that town hall on CNN, where he mentioned when it came to critical race theory in schools, it's because these lessons actually violate the Civil Rights Act.
They promote discrimination.
I'm wondering if there's an approach going along with what Mary Rose, I'm sorry, not Mary Rose, this was Christopher Macy.
matt gaetz
Critical race theory is explicitly a critique of the Civil Rights Movement.
unidentified
Right.
tim pool
Is there an approach in terms of institutional capture that is, hey, this wokeness and gender ideology is actually in violation of the law, and we can find a way to stop it?
unidentified
A number of folks have suggested that, and I think there's some lawsuits to that effect that are rolling around out there.
matt gaetz
The problem is you're going to have a difficult time defining a suspect class.
If you're making it some sort of equal protection claim.
unidentified
Well, I mean it's hard to, it's hard to say, take the Title 7 employment non-discrimination.
It's hard to say that you're going to put people in a room and tell them that white people are inherently bad.
And make that not a violation of Title VII, which says you can't discriminate or have a hostile work environment based on race.
I mean, it's the epitome of a hostile work environment.
So I don't think there's a difficulty defining a suspect class there.
I think that statute is pretty straightforward.
It's amazing.
I think the same thing is true in Title IX, the education title and so forth.
tim pool
Paul Engelbrecht says, we need olive branches passed between the Tea Party and Occupy Wall Street activists.
They were fighting for the same thing with different views of how and who to fight.
I actually disagree.
I think in the early days of Occupy, it was identical to everything that Steve was just saying.
And the issue was a wokeness started to creep in from trust fund kids who lived in Brooklyn and didn't actually stay at the park.
Libertarians and conservatives started to leave because they were like, what is this?
I don't want to be involved in this.
But the general message, for the most part, was populist.
They were upset about the bank balance.
steve bannon
I agree with him, though.
I think there's many things that the left-wing populists and the right-wing populists can agree on, particularly about economics.
tim pool
You're completely right.
And foreign policy.
steve bannon
And foreign policy, definitely foreign policy.
The neoliberal, neocon order is collapsing.
We've got to come up with an alternative.
tim pool
I have a friend who we're actually currently working with who I met during Occupy Wall Street.
He's still very much like an anti-Federal Reserve guy.
He's like, we got to audit the Fed.
We got to get to the bottom of how they use finance to manipulate and control the people and destroy lives and pressure the society.
And then when you look at his posts on Facebook, the people who used to agree 100% with everything he's saying are now posting things about wokeness.
And when he tries to talk to them and say, guys, I understand you're upset about this, but this finance stuff they're doing, and they're like, it's white supremacy, you're wrong.
And it feels like those activists are gone.
They've, for whatever reason, been pulled into a totally different headspace.
Call it an effective PSYOP, I guess.
unidentified
I don't see that many.
I agree with you.
I think that's what I encounter.
I don't know where, you know, Matt is one of the, he's probably the most Knowledgeable Republican in the conference about where the people would be on the Democrat side who might join in that kind of thing.
matt gaetz
Unfortunately, the Democrats are better at the kind of shirts versus skins politics in Washington.
I don't think it's more than a small handful anymore.
And it's actually diminishing.
It's a diminishing brand among Democrats to believe in robust speech.
I mean, the only Democrat who spoke out about the horrors of the Twitter files was the much-mentioned on this episode, Ro Khanna.
tim pool
I typically, when people ask me if there's any good Democrats, I'm like, well, Ro Khanna's done some good things.
I don't know enough about him to say that I would consider him... We made a movie together.
matt gaetz
People should go watch The Swamp on HBO.
I made a movie with Ro Khanna, Thomas Massey, and Ken Buck.
HBO followed us around for an entire year.
as we as we tried to build those bridges with the populist right. I think Ro Khanna
steve bannon
very shortly is going to become a very viable potential presidential candidate for the Democrats. By the
matt gaetz
way, that's why I think he didn't run for the Senate.
I believe that Ro Khanna would have beat Adam Schiff and Katie Porter in the Senate race.
But right now the House of Representatives actually gives you a more
unidentified
pugilist platform to clash with the Democrats.
steve bannon
In modern media culture, you want to be in the House.
tim pool
You think he's going to run this cycle?
steve bannon
Well, not with Biden, but I think that he's... You think Biden's going to be the Democratic nominee?
I do not think so.
I do not think he's going to be the Democratic nominee.
tim pool
No, Marianne Williamson.
unidentified
She's running.
steve bannon
Don't downplay her.
I think she brings a whole different element.
tim pool
I agree, and I'm deeply offended at how they treat her.
It's shocking.
steve bannon
Dismissive.
Probably Robert F. Kennedy.
Bobby Kennedy's going to run.
He should run as a Republican, but he's going to run on the anti-vax platform.
He'll get 10% of primary votes.
They'll turn out.
I'm not so sure on the Democratic primary, but he will get in.
matt gaetz
I got the under on ten percent.
steve bannon
Ten percent?
tim pool
Did you?
steve bannon
Well, I tell you, on the anti-vax movement, it's big.
It's very big.
tim pool
Did you see what Koreatown said?
steve bannon
Ro Khanna, by the way, he took Trump's economic nationalism and just turns it into economic patriotism.
He goes throughout the Midwest, and he's obviously very, very knowledgeable.
I think he could be a very formidable candidate in the future.
tim pool
Did you see what Kareem Jean-Pierre said about Marianne Williamson?
I mean, it was actually kind of embarrassing what she did.
She was asked about Marianne Williamson announcing she wanted to run against Biden.
And she struggled to say crystal ball.
And she said if I had an... What did she call it?
An orb?
A globe.
And she said, if I had a globe or... Marianne Williamson, you need the Ouija board.
unidentified
She sometimes doesn't have exactly the right word.
tim pool
But this is the thing.
Send Master Jean-Pierre I think that what the media did to Marianne Williamson shows one of the reasons why they hated Trump so much.
They made something up about her and made it stick.
She's not a crystal lady.
She's even been like, why are they saying this about me?
It was actually kind of upsetting when I'm watching this.
She's like, I've never owned a crystal.
Why are they calling me this?
And I'm like, what?
matt gaetz
What's the majority of the crystal people? If people believe in the Fed, I've got no problem with people
believing in the crystal stuff.
tim pool
Well, they're doing it to make her seem like she's a hippie weirdo who has no idea what's going on.
matt gaetz
So here's where I agree with Marianne Williamson the most, health care policy.
It seems as though whenever lawmakers debate health care policy, all we're really talking about is who's going to
pay for the health care.
We don't ever really have a health care policy to make people healthier.
And it sickens me that we continue to subsidize these very unhealthy foods for poor people, then those poor people find themselves in bad health, and then we subsidize the bad health and the disability, the SSID, on the back end.
And it is a function of what I believe is a corrupt system in Washington, D.C., largely run by lobbyists and interest groups.
tim pool
I want to read this from Steadley.
he said, SVB CEO sold $3.5 million in shares two weeks before the collapse.
steve bannon
And the CFO, by the way, the CFO threw in another $750,000.
matt gaetz
By the way, Patrick McHenry, this has got to be your witness next week in the Financial Services Committee.
steve bannon
You've got to call this CEO and ask him about that little stuff.
No, seriously, before they come for a bailout, you've got to have the CEO and the CFO with McHenry in a finance committee getting grilled right there.
matt gaetz
I want to know what work of the Financial Services Committee would come before this.
What do you have the nerve to schedule before questions for that guy?
tim pool
Check this out.
Matthew M says, Etsy sellers didn't get paid today.
It's not just the woke bank as much as I understand not wanting to bail out bankers.
steve bannon
Who didn't get paid?
tim pool
Etsy sellers.
steve bannon
Yes.
No, this is already, you know, Wells Fargo had some problems.
There's some problems in other places.
Wells Fargo said it was a computer glitch.
So where does the contagion spread next?
First Republic Bank.
matt gaetz
Where does, you know, all over the mainstream media we see, this is the contagion.
Contagion is like the word of the week coming up.
steve bannon
Okay.
Where does it go?
Silicon Valley Bank had $17 billion.
Of unrealized losses in its government securities portfolio.
Because they bought governments, and the bonds are getting crushed because of Biden's economic policies.
On other banks, I think the number, the Wall Street Journal said, was $600 billion of losses.
Right?
Losses on other banks right now.
So this could spread just because the bond market is getting crushed.
Okay?
This contagion could spread because what Biden has done to bury this country in this continual over-the-top spending with the collaboration of Mitch McConnell and these guys in the Senate that has driven the Fed now to jack rates.
You know, Kramer's saying at the end of the day, he's taking rates up too much.
He's bringing down the system around him.
He's got to stop the rate increases because that kills these bonds.
So you're going to see over the weekend, None of these banks are going to be sleeping.
They're all going to be going through their portfolios.
They're all going to be ready to say how they're going to trade on Monday.
We're in a crisis.
This is not a solo thing.
I happen to think it's systemic.
Maybe it's just one bad apple.
I don't believe that.
And people should be on top of this.
And you guys should be calling emergency hearings and get guys in here, the Federal Reserve, the bank regulators.
matt gaetz
First question, why are the California... I'm not going to say there's a lot of Fed policy.
steve bannon
That's because there are multiple tools The first question I would ask is why did the California regulators seize the bank hours before the Fed?
Why was Janet Yellen, the control of the currency, the Federal Reserve, why was the Biden regime not on top of this?
Why did they let this thing fester?
When Peter Thiel sits there the other day and goes, take... Peter Thiel is a very conservative guy, and he doesn't have his hair on fire.
When he comes out and says, take your money out of the bank, that's a papal bull, okay?
So, this is... And by the way, the Fed... And why did Yellen not move?
Why did the Biden regime not move?
Because they don't want to show the nation, it's their economic policies That brought us to our knees, okay?
And that's what you're going to find out.
And the question is, is this now what's happening in the bond market?
Because the bond market is 20 times bigger than the stock market.
Is it actually going to end up crushing the American financial system?
I've got to tell you, we're going to be in scary times.
This is like 2008.
Remember, this is the second biggest bank failure in the history of the country.
The second biggest bank failure.
It had $208 billion of assets.
The only bigger one happened during the financial crisis of 2008.
This is the 16th largest bank in the country.
This is not a small thing.
tim pool
This is going to hit crypto as well.
steve bannon
Maybe Silverlake early in the week.
matt gaetz
How much of this is tech companies being overvalued?
tim pool
One of the coins that's being used has got 25% of its holdings in SVB.
So now people are concerned.
steve bannon
Crypto is going to definitely take another hit.
Bitcoin was under $20,000 today.
matt gaetz
So how much of this is these crazy valuations that a lot of these tech companies have gotten as a result of The Biden federal assistance. A lot of it. The easy money
steve bannon
and they raised a ton of money and they put this money in this bank and now they can't get to it.
unidentified
So it's a necessary corrective, right?
steve bannon
Well, okay. So this is the question you guys are going to ask. This is 2008.
You're looking into the abyss. You don't know how it's going to be.
Do you vote trillions of dollars for bailouts and the bailouts are all on the back of shareholders, excuse me, of taxpayers making $40,000 a year, okay?
And the elite are going to make out.
So you've socialized, you've mitigated their downside.
unidentified
Right?
steve bannon
You've socialized their losses, and you let them have upside.
They have unlimited upside, but they have limited downside because the taxpayers are going to bail it out.
And that's the question that's going to come back to this Congress.
And this is the big fight we had in 2009, and people kind of said, OK, OK, OK.
And we ended up doing it, and we never got to the problem.
We have still so many zombie financial companies that are too big to fail.
situation with the banks and the financial system.
We never got to the bottom of it.
We never lanced the boil and let the puss come out.
Because, guess what?
That's a brutal, tough process.
unidentified
If the ruling class does that again, the people are coming with pitchforks.
That's it.
steve bannon
By the way, the first line of defense is you guys.
Because the big debates are going to... How fast will Schumer pass this to put pressure on the House, do you think?
I think it's going to be big.
Remember, in 2008, let's just go back, when Lehman collapsed because they got tired of moral hazard, what they didn't think about is that the commercial paper market, which is the way all the companies overnight get their cash in the cafeterias to pay everybody, it was the center.
The commercial paper market collapsed, so the whole system froze.
By Thursday, they went to see Bush and they said, this is Paulson and Bernanke, and they said, we need a trillion dollars by five o'clock.
Or the American financial system will collapse in 48 hours and the world financial system will collapse in 72 hours and you'll have global anarchy.
Something the Nazis couldn't do.
The military junta in Japan couldn't do.
Our greatest enemies couldn't do this to us.
We did it to ourselves.
And Bush said, I don't have the authority to do that.
You have to go up to the House.
The only person who has the ability to do that is the Speaker of the House and the House has to vote this, right?
They're the only people that can actually commit money.
And so that's where this whole process started and that's where all those huge debates on the floor with Louie Gohmert and five libertarians sitting there going,
no, it's called capitalism, let it rip.
And they were overwhelmingly, everybody said, okay, that's great, theoretically, we can't do that
because there may not be a bottom of this thing.
You guys are gonna be faced with the same thing over the next couple of weeks.
matt gaetz
And local governments and state governments who are heavily utilizing the bond market
will be right behind the neo-cons.
steve bannon
Robini said, we have, because of the zero interest rates we went to, right now in the world,
There's $300 trillion of debt.
That debt at the personal level, at the county level, the school board level, the border level, the local government, city, state, federal government, of everywhere it's $300 trillion.
All basically predicated on an interest rate structure that's close to zero.
Now that interest rate structure is at 4% for the 10-year bond and 5% for two.
Remember, the night the election was stolen from Donald Trump, on the evening of 3 November 2020.
matt gaetz
I hope you enjoy being on YouTube.
unidentified
Well, Steve Bannon is completely wrong about that.
steve bannon
On 3 November 2020, when Fox called Arizona for Joe Biden, The 10-year Treasury was 0.86%.
The 10-year Treasury today is 4%, right?
That's a massive increase.
And by the way, people under 30, the millennial generation has $9 trillion of debt.
You guys are nothing but Russian serfs.
You're adding debt at a faster pace than any other generation in our history, and you're not going to be able to pay.
You're like a hamster on a wheel with a little bit of credit.
This is only going to get worse.
Dramatically worse.
tim pool
So what does that mean for us other than, I mean, the economy gets bad?
steve bannon
Yeah, the economy gets bad, but then you start having bankruptcies.
What you're going to start to have is not the inability to pay.
Right now, the debt ceiling.
We're essentially a bankrupt nation, okay?
We have this thing called the Federal Reserve that continues to print money, and it continues to print money because the biggest export we have in the world is the dollar.
Every transaction, and this is why what the CCP announced today with Iran and Saudi Arabia is so big.
Because they're doing 40 year output, as the Green New Deal comes here, and we're trying to get to a net carbon zero, that Saudi Arabia and Iran are getting more important to China, the CCP who just burn anything.
And they're doing long-term output deals for all their production, 40-year deals, and they're going to use the yuan, the Chinese currency, and take it directly and bear the risk that that comes not converted into petrodollars.
Once we are not the reserve currency, which Great Britain was up until World War II.
We took over at Bretton Woods after the war because we were the superpower.
Once That is not our top export.
Whether it's a drug deal or converting something to put into a church in France in the collection plate.
We're not the prime reserve currency, we're Argentina.
matt gaetz
Thank goodness the cartels still operate in the U.S.
dollar.
With the Saudis moving to the yuan, we really need the cartels.
steve bannon
Where this is headed right now, their debate...
Biden just put in your face a $6.8 trillion budget that has no cuts anywhere, basically 6% growth, one cut, and so he's not prepared to meet anybody halfway.
And you have a debt ceiling right now that we see from the Congressional Budget Office, at minimum, will add $19 trillion in 10 years.
That means we'll have $50 trillion of debt.
You got to understand, we're going to have growth.
It's going to kill growth under 2%.
You're going to have a lost generation or two in this country with under 2% growth, overbearing debt, so much money to go to pay off the debt, no opportunity, no venture capital, no ability to grow the economy, everybody living like a Russian serf.
matt gaetz
Thank goodness the Zoomers are mentally healthy enough for this.
tim pool
Well, but hold on.
matt gaetz
They've developed a resiliency.
They've shed frailty.
tim pool
That's what I'm thinking.
unidentified
Stop painting such a rosy picture, Steve.
tim pool
I'm not sure I'm all that worried if that's the worst case scenario.
I think one thing my generation and the younger generation need is to learn how to roll up their sleeves, chop some wood, and raise some chickens.
One of the problems that we've had with millennials and Gen Z is they've been born into a world with Silver spoons up their asses everything you I mean they want for nothing you the story I tell is the first day I walk into vice media with my job I was shocked to find that people didn't even show up and we're getting 30 to 60 K depending on what your writing job was and I come folks don't show up here and they get 172,000
Absolutely, but I'm in New York City and I'm thinking to myself, some of these people are getting 50, some of these people are getting 100k and they don't even show up.
And I come from a world where I was loading bags and airplanes for 10 bucks an hour and people are getting injured, they're getting repetition injuries.
I said if the people, the working class of this country found out what life was like for the laptop class, there'd be a revolution overnight.
The idea that someone's getting $40, $50 an hour to think about how they can write another article about how racist Trump is, and meanwhile some other person is breaking their back lifting steel beams for $20, $30 an hour, they're going to be like, are you kidding me?
This can't be that way.
So this generation, they need to learn where to chop some wood.
steve bannon
Where these guys are going to come under the pressure, not just the bailout of SPV and stopping the contagion, but then you get right into the spending, into the debt ceiling.
And you're going to get the emotions of this are going to be huge because they're saying you're going to throw kids.
Well, that's what you're going to do.
This is going to be the battle of the ages on finance in this country.
What happens right now with the debt ceiling?
tim pool
You get me excited.
steve bannon
Well, no, you got to draw the line.
If you give them an inch.
And I mean an inch, because right now, you don't have to do anything to any government security.
You've got enough cash coming in to pay the interest and pay the face amount of the debt.
You'll never default.
A default has to be done by the Secretary of Treasury, but these guys are going to be guilt-tripped every day.
The media is going to be... It's going to be a government shutdown to the hundredth power.
tim pool
I've got to ask you, this story is really breaking on a Friday, right?
Yes.
That says to me they knew it was coming well in advance and it was planned for this day because this is the day where everyone's off partying and not paying attention.
That's Friday's where news goes to die.
So it sounds like they knew this was coming and they wanted to...
unidentified
Well, they definitely did.
steve bannon
The California regulators for a state regulator to step in front of the Fed and something like this and federal authorities is unheard of on a bank that's not some local community bank.
matt gaetz
So what's the Newsom pivot?
steve bannon
Newsom, I think, is in real trouble on this, because I think Newsom, this is going to hit the thing, but I think Newsom is going to step in and start to, he's going to come back and make the big play that you've got to bail this out, this is the future of the country.
He comes to Washington to demand the bailout.
unidentified
100%.
steve bannon
Gavin Newsom will come and say, this California model is actually the model for the country.
It's high-tech.
We're the leader in the world.
If you don't do this, we're going to be a decade behind the CCP.
California is a donor state.
unidentified
If you have donor state on your bingo card for Washington, there's a pretty powerful counter-argument.
Everything you want turns to shit.
That's Trump.
steve bannon
Newsome will come to Washington, D.C.
to make his case as a national figure, that he's there to save the high-tech economy, and you've got to do it by doing a bailout.
tim pool
And these liberals will just march in lockstep.
They'll repeat whatever they hear on the TV.
steve bannon
What did Yang just say?
tim pool
That's what they're going to say.
unidentified
Exactly.
The contagion.
steve bannon
That's already the narrative.
They got it on Friday.
Hey, they're not taking Friday night off.
They're hammering this nonstop, when I left.
And nobody's talking about, how did this happen?
How did we actually get here, right?
How did we actually get here?
ian crossland
That's what I want to ask you, Steve.
So you just said a minute ago, or a few minutes ago, that the world's 300 trillion in debt.
tim pool
You don't need to get too close.
It's very sensitive, yeah.
ian crossland
Who are we in debt to?
steve bannon
Well, first off, we're in debt to the Chinese.
First off, we have $32 trillion on the balance sheet of the Treasury.
We have another $9 trillion at the Fed.
The Japanese insurance companies own it.
The Chinese own it.
Insurance companies here own it.
But we own a lot of it.
A lot of it's just created.
We make up these bonds, right, that we in fact own.
We've kind of paid for.
So a big part of this is the public owning its own debt.
Right?
So we own it to ourselves.
Now to the rest of the world, they owe it to everybody.
They don't have the luxury of just creating itself.
One of the reasons we have the luxury, we are the prime reserve currency.
We export dollars and everybody's got to do every transaction in the world because of that.
matt gaetz
But it's going to be... But do you think, when you talk about the dollar under attack from this alliance, don't you think that the sanctions regime that our country has embraced over time, It has.
steve bannon
Because the SWIFT system, being able to do sanctions and then cut them off the SWIFT system, which is the way you do transactions, is exacerbated.
matt gaetz
Sanctions seem to always get a lot of bipartisan support in Washington, but if sanctions worked, Cuba would be a Caribbean paradise, not a shithole country.
And if sanctions worked, you know, we would see Venezuela develop as the jewel of South America.
The reality is sanctions tend to hurt the people that live in these countries.
I haven't seen Maduro miss too many meals as a consequence.
tim pool
Well, grabbing an empanada on TV is a classic historical moment.
Remember that?
He's giving his national address and then he just grabs an empanada out of a drawer and then bites it and puts it back.
matt gaetz
That was basically Trump's moment with the taco salad, right?
tim pool
Yeah, but he's doing it while people are starving.
steve bannon
I don't think Trump would do that.
ian crossland
Follow-up question.
If we owe the debt to ourselves, why don't we just not pay it?
steve bannon
You can't do that, because it's actual debt.
It's got an interest payment.
It's up there.
By the way, there is an aspect of doing that, and that is, by the way, they asked it the other day, I think Timmins in North Carolina, to come up with the trillion-dollar coin.
unidentified
Yes, yes.
tim pool
Someone mentioned that in member chat.
steve bannon
By the way, he asked the question of, would Powell take it?
Could you print a coin and just call it a trillion dollar coin and use that to actually de-lever the United States?
And he said, hey, that's a gimmick.
Just like paying off the debt's a gimmick.
ian crossland
We can't do that.
I know you've got to go.
Writing off the interest, though, I mean, if the interest is owed to a fraudulent system like a Swiss bank, the Bank for International Settlements, why are we as Americans adhering to this?
steve bannon
Why do you say that it's an illegitimate system?
ian crossland
Well, it's a Ponzi scheme.
It's basically they give us money and then they demand interest back on the money they gave us, but in order to get the interest to pay it back, we have to borrow it from them.
steve bannon
Okay.
tim pool
Default.
steve bannon
I don't know.
tim pool
People should learn how to do some hard work or something.
steve bannon
24 trillion is owed to Americans, though, right?
I think 24 trillion is owed to Americans.
And by the way, of the next 16, we'll sell a couple trillion to the Chinese, a couple trillion to the Japanese, and we'll owe it to ourselves.
tim pool
So you've got a hard stop, and we do need to start winding it down, I guess.
So this has been absolutely awesome to sit here with you guys and have conversations.
steve bannon
The question is, how do you broadcast From the Capitol.
You're on YouTube.
You're in the Capitol.
I come here.
I come here.
My file's been taken because I got four months in a federal prison coming up.
My file's been sent to the Bureau of Prisons already.
I can't even come in the building.
unidentified
There's enough offense to go around.
What do I have to do to get on a war room?
tim pool
The first time we come down here... You're a hero.
steve bannon
We'd love to book you.
tim pool
The first time we come, half the channels on our mixer aren't working.
And we don't know why.
We can't figure it out.
It makes no sense.
Because we do this all the time.
We have the mobile setup.
So we're like, we're going to come here.
We're going to make sure it works.
Everything's working perfectly.
We sound check.
Everything sounds great.
Then all of a sudden, half an hour before the show, the board just stops working outright.
It's producing sound.
The computer won't take it.
And I'm like, this makes no sense.
So we put one of the headphone outs into our ATEM.
Everything's working perfectly.
Then as soon as we click live, the audio just drops to like half levels and we're like... Wait till we do War Room Capital.
matt gaetz
Right before War Room Prison Break.
unidentified
Hey, I gotta text.
It's awesome to see you on Tim Pool's show.
I watch him a lot.
Cool, man.
I love it.
I appreciate it.
steve bannon
By the way, thank you so much.
I gotta go do Royce White.
tim pool
Right on, absolutely.
steve bannon
Go to another YouTube show.
tim pool
We're wrapping up, but I will say, I think it would be awesome if, I mean, next time there's big stuff going on in Washington, if we could do more of this stuff, that would be absolutely fantastic.
steve bannon
Hold on, hold on, hold on.
unidentified
No, no, no.
steve bannon
We've got to bring Gates and Congressman Bishop to Harper's Ferry.
I'm down for that, too.
He's been there before.
They've got to go.
You've been there.
matt gaetz
I left bread crumbs so I can find my way.
unidentified
He has to.
matt gaetz
Wait until you see our new studio show.
Conor's gonna do Shutter.
steve bannon
Has to go to Harpers Ferry.
matt gaetz
My wife wants to go skateboard there.
She's a big skateboarder.
tim pool
Oh, yeah.
Yeah, we'll do a music video.
I think it'd be fantastic.
We could have you in the music video.
She can sing and then we'll trigger the corporate liberal press.
They'll be freaking out.
matt gaetz
Do you ever mix the skateboarding in the music videos?
tim pool
No, I mean, we could.
matt gaetz
I'm just saying.
tim pool
Gentlemen, this has been absolutely incredible.
I really do appreciate it.
This has been fantastic.
We've got to do it again.
You guys can follow me at TimCast.
You can become a member at TimCast.com if you want us to do more of this.
The way things have been going economically, I think we are only surviving right now, and I mean this because of the membership system that we have at TimCast.com.
Ads will not support us.
So, I mean, there was a period where ads were doing really well, but right now, for whatever it is, for whatever reason, ads are not doing so well.
But because you guys become members at TimCast.com, I haven't really worried about it.
So, so long as you are, you believe in us and you keep supporting us, we'll keep doing more stuff like this.
Do you guys want to shout anything out?
matt gaetz
I got a podcast called Firebrand.
I hope everybody subscribes and even got a great episode with Dan Bishop in there.
So, if you can't get enough, There's more out there for you.
unidentified
Great to be with you, Tim.
Enjoyed being here.
tim pool
Thank you so much for allowing us to come down to the Capitol again and do this.
I mean, it's a tremendous opportunity for us.
Matt, I think the work you do is absolutely fantastic.
Both of you guys in the fight over the speakership, we were all laughing, we were cheering when we were doing the show, because it really did, it felt like somebody was actually just standing up for so many Americans who are tired of the machine.
So with that being said, thank you all so much for everything.
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