Dave Dave Bratt and Stephen K. Bannon join me in the War Room to talk about the current state of the country's finances and how we can fix it. We also talk about how to get to a primary balance and how to stabilize the debt.
00:06:13.000I mean, the initial reaction is, as you just said, this sounds awfully similar, right?
00:06:17.000This sounds like things that we've been saying literally for months, actually for over a year now.
00:06:22.000Which is that we are on an unsustainable fiscal path.
00:06:25.000That monetary policy has also been completely out of control.
00:06:29.000And that we have essentially been financing multi-trillion dollar deficits on the backs of the American people via inflation.
00:06:37.000And markets are really having enough of it, even if the American voter hasn't had enough of it yet.
00:06:43.000And as you said, the solutions that are proposed here going forward are not very good.
00:06:49.000They're certainly not populist by any measure.
00:06:51.000It involves levying more of the hidden tax of inflation onto the American people, onto savers, onto income earners, in order to pay off this massive, unprecedented debt.
00:07:03.000In the same way, by the way, that in the 1970s, even as the federal debt continued setting new records and just really absolutely exploded, inflation was so bad that the real value of the debt was actually going down, even as the nominal value of the debt was exploding upwards.
00:07:20.000And that is essentially their play going forward now.
00:07:24.000So if we don't want that, how on earth do we get out of this?
00:07:27.000Well, the right solution would be to massively reduce government spending and not just government direct spending, but also what we call government transfers.
00:07:36.000That's things like the bloated welfare state.
00:07:39.000And so you have to get down government spending.
00:07:42.000As he was articulating earlier, he's right.
00:07:45.000You can raise all these different tax rates.
00:07:47.000You're not actually going to raise that much in terms of revenue.
00:08:06.000Ironically, you do that best by reducing taxes, by reducing spending, by reducing regulation.
00:08:12.000That's got to be the play going forward.
00:08:14.000Yeah, I was kind of surprised, you know, I mean, he's a Wall Street pro and a few of the things he said, you know, he says after the election, the bond market is not going to tolerate this.
00:08:24.000Well, everybody knows the bond market is highly intelligent and forward looking.
00:08:29.000And if there was a problem, they'd be reacting right now.
00:08:47.000And so now we've got another equity bubble.
00:08:49.000We'll prove that point in a bit with Warren Buffett, a little story on there.
00:08:54.000But he said, you know, so institutionally, the key thing is you got to get not a corporate guy in there.
00:08:59.000You got to get a Wall Street expert in there, someone from Wall Street that understands the plumbing.
00:09:04.000And then you got to get that person working in tandem with someone from the Federal Reserve Bank who caused all this.
00:09:09.000And so if you're making recommendations who President Trump should have in there running the Treasury, the Federal Reserve, what would be your best counsel about about how to put up a populist, a pro-America first person in these highest rungs of power?
00:09:31.000But let me go back to something you mentioned earlier, which is that the bond market is forward looking and that, you know, they're not going to wait until after the election.
00:09:40.000Let's not forget when the Fed cut by 50 basis points, in other words, reduced interest rates there, their benchmark interest rate by half a percentage point.
00:09:54.000Yields went up because people are increasingly realizing that the Fed does not have inflation under control, nor do they have the stomach to get it under control.
00:10:03.000And we saw the exact same thing with mortgage rates, by the way.
00:10:06.000A lot of the data we are getting right now on mortgage rates has to do with two months ago, not what's happening right now.
00:10:14.000Since we saw the Fed cut interest rates, the average rate on mortgages hasn't gone down.
00:10:35.000But now in terms of like personnel questions, you know, look, Scott Besson has his name has been thrown around a lot for Treasury secretary.
00:10:53.000I think he really is going to put America first.
00:10:57.000He seems like an excellent candidate for Treasury in terms of the Federal Reserve.
00:11:03.000Someone like Vivek Ramaswamy, I've been very, very impressed with in terms of his understanding of financial markets and the plumbing within the financial system, especially the interplay between business and government, which is so important in the Federal Reserve system.
00:11:19.000People like those two have to, in my opinion, have to be under serious consideration for those types of roles if we have any hope of getting out of this mess.
00:11:29.000Yeah, and I hope by everyone listening understands what E.J. was saying.
00:11:36.000Right. We need we need populists in there.
00:12:11.000Right. Trump had covid happen on his watch.
00:12:14.000So, of course, the spending went up that final year.
00:12:17.000But in closing, E.J., what what's the truth?
00:12:21.000I just cannot comprehend the moral equivalence on the spending part. Right.
00:12:26.000Trump had a GDP growth higher than the prior years.
00:12:29.000Blue collar wages were going up for the first time.
00:12:32.000He had to deal with covid or, you know, from China.
00:12:37.000And then any rational person would have gotten rid of the covid checks and spending spree.
00:12:43.000Right. We sent checks to everyone in the country virtually.
00:12:46.000Any sane policy administration would have gotten rid of that extra two trillion as soon as they could.
00:12:53.000And so your response on the numbers, I know you've been involved in writing some pieces on that.
00:12:58.000Well, David, one of the amazing things is that the Biden administration literally didn't have to do anything when they came into office.
00:13:05.000They they could have simply allowed the one time emergency spending measures from covid to expire.
00:13:12.000But instead, they replaced all of that spending with crazy boondoggles like all this great so-called green energy nonsense.
00:13:19.000And the result of that was instead of a one off, they institutionalized multi trillion dollar deficits essentially forever.
00:13:28.000And the problem is not only do you have those those additional deficits, but now with the growing debt, you have a much higher interest expense on the debt.
00:13:38.000You know, for context, that's over one point one trillion dollars annually right now.
00:13:42.000So the crazy thing is, if the Biden administration again had simply done nothing, had allowed the one time emergency covid spending to expire and not replaced it with any other spending, the budget would actually balance today.
00:13:55.000Believe it or not, because that's because of the explosion of tax revenue that we have had over the last several years.
00:14:02.000So this has been an entirely manmade problem.
00:14:05.000It did not have to happen again, going back to how we started this conversation.
00:14:09.000We don't have a revenue problem in this country. We have a spending problem.
00:14:13.000And for one more further piece of context real quick, Dave, if you look at the total amount that the Biden Harris administration has added to the debt, but also the amount of cash they have withdrawn from the Treasury's account at the New York Federal Reserve.
00:14:28.000In other words, take the total amount of overspending 20 seconds by this administration.
00:14:33.000It's over nine trillion dollars. It's a quarter of all the national debt of our nation's history.
00:14:38.000Wow. That's the number. E.J. and Tony.
00:14:42.000How do people reach you and follow your writing, E.J.?
00:14:46.000Best place to find me is on X. The handle there is at real E.J. and Tony.
00:14:51.000Go look them up, folks. All right. Back after the break.
00:14:55.000Stay with the war room. Spread this platform to all your friends.
00:14:58.000So when Steve comes back, we're ready.
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00:16:32.000They firmly believe this was a clerical error, a data processing error.
00:16:37.000Georgia's new voting machines are getting a late software update after officials discovered a glitch.
00:16:42.000More than 98,000 people who were allowed to vote the full ballot in Arizona for two decades when they never showed proof of U.S. citizenship.
00:16:52.000Dozens of voting tabulation machines in Maricopa County malfunctioning.
00:16:56.000273 noncitizens have accidentally been registered to vote due to human error by DPS employees.
00:17:03.000Election officials are forced now to duplicate thousands of absentee ballots by hand there because of a printing error.
00:17:11.000These people were mistakenly marked as having provided documentary proof of citizenship.
00:17:16.000All of them will still be able to vote.
00:17:18.000How does someone even get the wrong ballot?
00:18:46.000We had an expert on last week who made a great, profound point.
00:18:50.000The machines were invented not, you know, to speed things up for efficiency.
00:18:55.000They were made to make elections more secure, to make our elections better.
00:19:00.000So it seems like the simple solution that can end the left's gaslighting instantly is just to have the machines and then have the paper ballots as a backup and check them against the voter files.
00:19:10.000And it sounds all American to me, but we need an expert in here to clarify this.
00:19:15.000The person responsible for that clip and just an American patriot has been working these issues forever.
00:19:22.000Cleta Mitchell, welcome to the war room.
00:19:33.000Well, it's great to be with you, Dave.
00:19:35.000And look, I mean, one of the things that those of us who've been involved in the election integrity movement have heard over and over and over again.
00:19:42.000Well, all of us as citizens, we hear this every time.
00:19:47.000And from election officials, oops, you know.
00:19:50.000Oh, Department of Transportation in Pennsylvania accidentally, oops, had a glitch that registered 200,000 noncitizens to vote.
00:20:02.000And that case is still in court six years later, trying to get information and trying to get it resolved, like Biden.
00:20:08.000But I think the reason we put that little clip together, that video clip together, is we're going to send that out everywhere.
00:20:16.000And we want citizens to contact their election officials and administrators and tell them, follow the law and make sure you don't make a bunch of errors.
00:20:27.000You know, half the time, these literally are just things that they stack the ballots without making sure there's chain of custody.
00:20:35.000And you see this mess of ballots everywhere.
00:22:28.000Well, look, I mean, we have in Georgia these we finally, for the first time, have a rule of law majority on the Georgia election board who are doing what the statutes mandate the state election board to do, which is to make rules and regulations so that everything is conducted according to the statute in every county in Georgia.
00:22:53.000And, of course, who doesn't like that?
00:22:58.000The entire Mark Elias left wing cabal who have upended our elections, they hate this.
00:23:06.000And the establishment Republicans in Georgia hate it.
00:23:10.000And so there was so all these counties objected to having to follow the law, these rules to make them follow the law.
00:23:20.000And I'll give you one example real quickly that one of the things that people went berserk over that you heard in CNN, all the establishment media.
00:23:31.000They passed, the board had passed a regulation to require counting the number of ballots in the tabulator at the end of the day so that you could be sure that if the tabulator said 100 ballots were tabulated, that there were 100 ballots in the tabulator.
00:23:51.000That, as you say, the machine, check it with the paper.
00:23:56.000That is required by law, but the left went crazy, the press went crazy.
00:24:03.000In May of 2022, in the Democratic County commissioner race in DeKalb County, Georgia, they ended up, because of some questions that were raised by a Democrat candidate, they did that.
00:24:17.000They counted the ballots, they looked at the tabulator, there were 1,800 more ballots than the tabulator had counted.
00:25:09.000The Supreme Court initially said that they would expedite the review, and then yesterday issued a statement saying that because the state election board lawyers did not participate in the request for the expedited review, then they would just wait and do it in full and due course.
00:25:31.000And why didn't they participate in the expedited review?
00:25:35.000Because the Secretary of State and the Attorney General said he had a conflict and couldn't represent them, the state election board, because the Secretary of State, Brad Raffensperger, opposed these rules.
00:25:51.000Because he's in the pocket of the left.
00:25:53.000And so the establishment Republicans in Georgia are responsible for not supporting this rule of law state election board and these common sense rules that merely implement the statute.
00:26:05.000But look, we're not gonna just sit back.
00:26:08.000We are going to make sure that we are gonna fight and make sure that every one of those counties are following the statutory responsibilities and the rules would have helped them to know exactly what to do.
00:26:41.000So we want everybody to make sure that they're on it and talking to their local officials to say, we like you, we appreciate you, do it right.
00:26:54.000Back with Cleta Mitchell after the break.
00:26:57.000And I'm gonna cover a few seconds on illegal immigration as well, as that's the sauce that explains the establishment Republicans and the left colluding together.
00:27:08.000There's a lot at stake in this upcoming election, but regardless of who is sitting in the White House, the fuse on the economy has already been lit.
00:27:16.000Even four years of a conservative presidency will not be enough to turn the tide on our $35 trillion national debt.
00:27:23.000And if the left wins, it's like throwing gas on a dumpster fire.
00:27:27.000The election is in the hands of the American people.
00:27:30.000But what you can do right now is protect your savings by diversifying into gold with the help of Birch Gold Group.
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00:29:02.000Dave Bratt sitting in with the great Cleta Mitchell.
00:29:11.000We just ended up, you know, kind of summarizing the simplicity of what elections could be if our leadership on the Republican side had more of a backbone.
00:29:23.000But there's a reason they don't have a backbone.
00:29:26.000It's not, you know, a lot of people say it's just courage or whatever.
00:29:29.000There's a lot of money at stake, right?
00:29:31.000And in the war room, the populist revolution that's taken over the country, the American people have caught on.
00:29:37.000This show and Stephen Bannon's logic at the international level, domestic issues, all of the top three issues on this show, the economy, the Federal Reserve, the border invasion, and endless wars are all money and power at their root.
00:29:52.000And that's what this show covers every day.
00:29:55.000And so I just wanted to go over this, right?
00:29:58.000Cleta showed and she's going to be back with us in one second.
00:30:00.000But I just wanted to go over the basics of this illegal immigration piece, right?
00:30:05.000The left wants it to get more voters and they think that helps them out.
00:30:09.000The conservatives in Georgia, there's a lot of golf courses down there in Georgia, real beautiful golf courses, a lot of nice hotels.
00:31:59.000And so Cleta just laid out a very straightforward way to simplify elections with the machines and the paper ballots and compare them to the state voter rules.
00:32:09.000And so I just wanted to give a little overview of what all is at stake, the way Steve Bannon has trained us in the way to think about how all these issues are connected.
00:32:19.000And you just follow the money and the power.
00:32:20.000And so Cleta, in closing, you want to just react to any of those comments and then tell people how to reach you and what what counsel do you who should people be reaching out to in these final weeks?
00:33:14.000Make sure that you'd be surprised how many of your friends that say that they're for President Trump, they say that they want to support conservative rule of law.
00:33:24.000And the last thing is call your preacher.
00:33:26.000Ask your preacher to preach a sermon about why Christians should vote.
00:33:31.000Because if every Christian, everyone who professes to be a Christian in this country would go out and vote in favor of candidates like President Trump, who are pro-life, who are pro-family, who are not going to stand by for this transgender mutilation of children and men and women's sports and boys and girls' bathrooms.
00:33:50.000If you don't vote, then you are giving support to those people who are trying to destroy America and our Judeo-Christian values.
00:36:01.000The queen of mass incarceration, Kamala Harris, will lose her bid for the presidency on 5 November because of black and Hispanic men rejecting her candidacy and refusing to vote for her due to her failure to implement President Trump's first step act.
00:36:20.000Tens of thousands of black and Hispanic men should now be back with their families or on a detailed path of when they leave prison.
00:36:28.000Harris played politics with people's lives and now she will pay for her arrogance.
00:36:33.000Black and Hispanic men detest her and will never vote for her.
00:36:37.000It's impossible for her to win Pennsylvania, Michigan or Georgia without this critical vote.
00:36:43.000Harris's BOP keeps me incarcerated 10 days longer than is legal because of the same failure to implement the first stepped act.
00:37:14.000As he explained, it's a lot that President Trump created to give thousands of prisoners a second chance.
00:37:19.000And that decision of thousands of people, mostly black and Hispanic men, they're stuck in prison when they should have been eligible for early release or reduce sentences.
00:37:30.000So it's tearing families and communities apart.
00:37:33.000So that is the that is the buried lead in all of this.
00:37:37.000And Steve has he's been sounding the alarm.
00:37:41.000And it's because it's personal for him.
00:37:43.000He sees the bigger impact of the families of these prisoners.
00:38:21.000The election just isn't about a candidate.
00:38:24.000It's about choosing a path that supports families, offer second chances and holds the government accountable for enforcing these laws that were made to protect them.
00:38:36.000So we need every single one of you posse members to get involved.
00:38:41.000Make sure your voice is heard, because if we don't, these communities will be ignored.
00:38:47.000And so vote early, vote down the ballot.
00:38:51.000And let's make sure that this issue is front and center.
00:38:57.000So that is a very important message that he wanted to make sure that the posse understood to not make it about him, but to make it about these families that that have been destroyed because of Kamala Harris and the Biden regime that are not enforcing these laws.
00:39:15.000So, you know, I just want to go back to when Steve first went in.
00:39:21.000Steve said that, you know, he was asked, what about war room and all that?
00:39:25.000Steve said that the war room would get stronger and it would be more powerful.
00:42:45.000I want to warn you of a huge change that could be coming to our money and our bank accounts.
00:42:51.000First, think back to 9-11, shortly after the government pushed through the Patriot Act.
00:42:55.000This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet.
00:43:03.000Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author, is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.
00:43:17.000In fact, some of the guests I've had on The War Room believe that the government will soon expand their powers to track our every move.
00:43:24.000If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA, the government may be able to shut us out of our bank accounts.
00:43:35.000I can't say for sure if this will happen, but it's an interesting and dire warning.
00:43:41.000Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming and how to protect yourself from the possibility of programmable money.
00:43:53.000Watch Jim's warning video now before it's censored like I've been in the past.
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