Bannon's War Room - April 05, 2024


WarRoom Battleground EP 508： Mainstream Manipulation Of The Job Numbers


Episode Stats

Length

53 minutes

Words per Minute

182.1367

Word Count

9,825

Sentence Count

36


Summary


Transcript

00:00:00.000 this is what you're fighting for I mean every day you're out there what they're doing is blowing
00:00:11.420 people off if you continue to look the other way and shut up then the oppressors the
00:00:18.400 authoritarians get total control and total power because this is just like in Arizona this is just
00:00:24.320 like in Georgia it's another element that backs them into a quarter and shows their lies and
00:00:29.060 misrepresentations is why this audience is going to have to get engaged as we've told you this is
00:00:33.340 the fight all this nonsense all this spin they can't handle the truth war room battleground here's
00:00:40.400 your host Stephen K Bannon big march jobs jobs jobs report hitting the wires uh non-farm payrolls a
00:00:48.780 whopping 303,000 that best most estimate and goes right along with the whisper number which was
00:00:56.320 higher than the estimates due to the strength in ADP 303,000 that's the juiciest number that we've had
00:01:03.940 going back to 303,000 equals may of 23 right on the nose to find a higher number you go back to
00:01:12.320 January of last year if we look at the unemployment rate 3.8 now this is a biggie because last month's
00:01:19.840 3.9 was the highest unemployment rate since Jan of 22 so it did moderate just a bit if we look at
00:01:27.880 average hourly earnings which were up one tenth of a percent last month that was the lowest month
00:01:32.860 over month change since March of 21 let's call it three years first of all that was revised now to
00:01:38.500 up two tens and the new number is up three tenths of a percent exactly as expected year over year
00:01:45.320 4.1 as expected down from 4.3 actually when you look at 4.1 you have to go back to uh june of 21
00:01:55.580 june of 21 uh excuse me yeah 4.1 june of 21 find a lower number that's a really big deal when you
00:02:04.420 consider uh what the average hourly earnings on a year-over-year basis have been doing the simple
00:02:10.320 question you have to ask is is the the ultimate political question are you better off today than you
00:02:14.500 were four years ago and they are the reality is yes prices are high and gas is still high but the
00:02:19.480 reality is you are better off so their job is to take it from an abstract economy to you the voter he
00:02:25.840 has to really show it to them you have to because people still will go to a restaurant and say but the
00:02:31.320 way the way you show it to them is look at look at your ira look at your savings accounts look at how
00:02:36.980 what look at the value of everything in your life is up you are better off you're making higher wages
00:02:43.340 your children are better off you have to make that story on a very one-to-one basis and you have to
00:02:48.400 deal with the base one of the things that i think is good about this report is when you go from an over
00:02:55.200 nine percent unemployment in in the pandemic double digits among blacks and latinos and now you have
00:03:02.220 another month where black women are more or less unemployed than they were i mean you talk to those
00:03:10.560 women uh single mothers some of them that are trying to make ends meet saying that happened
00:03:16.920 under me two years ago your unemployment rate was this way so i think that you look at blacks you look
00:03:23.040 at latinos that have a record unemployment it's still higher than whites but it's in some cases half in
00:03:29.540 some states of what it was what does uh trump and them if you're looking at it political argue
00:03:35.500 when the facts speak for themselves and i think that people need to say don't take for granted
00:03:40.760 that you've got a job or that your mother's going to work i did that with by doing what i did with the
00:03:46.820 infrastructure bill and inflation reduction and other you have to connect it to the base and uh caddy
00:03:52.660 furthering the revs point some of those people who aren't feeling great about the economy are those
00:03:56.720 that joe biden needs the most it's young voters struggling with credit card debt or being unable to
00:04:00.620 afford a home those are real those are real issues right now that make that contribute to
00:04:05.480 americans not feeling great about the economy despite all the numbers and not giving president
00:04:10.080 biden any credit it's furious about what that lobster roll is costing they're then complaining
00:04:15.600 about the economy and the the main equivalent of my son who just made 17 bucks an hour for the worst
00:04:21.720 hoagie ever plus now now that we have now that we have a pressure-filled tip system after he makes you
00:04:28.420 the lousy hoagie that he forgot the turkey on he's going to turn the screen around and say would
00:04:33.080 you like to tip me 2025 your shrink bills are going way up your shrink bills are going way up
00:04:38.220 no but like listen this is a complicated story we are a country of small business don't don't forget
00:04:44.800 he's going to turn around and tip shame you at the end yeah oh that is oh my god um poor guy i mean
00:04:53.020 his mom is not his biggest fan guess what he'll be able to afford buying his own dj equipment that
00:04:58.580 he's dying to purchase i won't have to step up for it well that that's the good news andrew i want to
00:05:04.180 end on you and follow up with what caddy said um you know i i i convinced myself about six months ago
00:05:12.620 uh that young voters were moving uh to the to right because of tiktok and because of yeah all the
00:05:22.500 disinformation they're getting on tiktok and uh one of my sons one of my older sons uh who is you know
00:05:31.760 probably he's he votes for democrats i'll just put it that way one of my younger sons took me aside and
00:05:40.180 said you're living in a different world dad because let me tell you something it is impossible
00:05:46.460 for us to buy a home like we go out to count yeah and and and and we are crushed by it and and a couple
00:05:55.500 of weeks ago they shocked me it's hard for me to tell you how progressive these people are all of my
00:06:01.480 children began as progressives just to irritate me uh but they actually said you know what if trump
00:06:07.440 wasn't a fascist we would be voting republican right now because we are so crushed by the cost
00:06:14.660 of the economy i was shocked i really i was shocked and that goes to the idea that there's a feeling and
00:06:22.160 there may be data and as i said the date the trend line of the data is right in a good way but the
00:06:27.700 feeling is not wrong either and the feeling is the reality uh in so many ways and i think caddy uh you
00:06:34.840 raised the issue there's that piece in the journal today talks about food prices talks about going to
00:06:39.240 a restaurant you know you talk about buying a home so many things do cost uh so much more than they did
00:06:45.640 before and that's something that is not going to get resolved before november it just isn't uh you get
00:06:52.860 the trend line in the right direction before november but you're not you're not going to have prices
00:06:57.660 reverse if you will materially reverse in a way or wages go up so much that it somehow uh you know
00:07:05.560 upends this conundrum
00:07:07.380 friday 5 april year of our lord uh 2024 uh welcome to the second hour of the war room and i wanted to
00:07:16.800 break it i had to get my team on here today because it's such a big issue and of course the bomb just
00:07:22.260 dropped there at the end it's not going to change between now and then but we've been telling you about
00:07:25.760 this for years and years and years uh but now the freak out is that they're saying oh their
00:07:32.460 interpretation the data or the way that they manipulate the data the data is all showing you
00:07:37.440 a rosy picture these uh these really dumb working class and middle class americans just don't
00:07:43.720 understand that we got to sell it to them we got to make sure they understand it uh so they're going
00:07:49.160 to realize all the great stuff we've done the buried lead right there and what they talked about what
00:07:54.200 they've done is the five to six trillion dollars of additional federal spending you talked about the
00:08:00.040 inflation reduction outwards was a joke and then he talked about the infrastructure their their best
00:08:05.920 pitch is that we spent all this money we added to the national debt and why don't you love us
00:08:11.300 that they said that in the opening and the opening clip right there so i've got the a team ej and tony
00:08:18.420 i've got dave bratt and have a dave walsh uh dr ej and tony let's start with you the jobs report
00:08:24.600 today once again you go through the numbers it's just not the restatements that happen later that's
00:08:29.140 bad enough you'll talk about that because they make these numbers up but it's also who's really
00:08:33.680 getting the jobs ej and tony dr antoni walk us through what really was announced today what happened
00:08:39.660 well steve one of the things that's really troubling about these numbers is the fact that it's not
00:08:45.040 native-born americans who are getting hired today in fact they've been losing jobs and so all of the
00:08:51.520 net job growth that that we have seen literally since the initial government shutdowns in 2020
00:08:57.060 have all gone to foreign-born workers that's particularly troubling for a couple of reasons
00:09:02.380 not the least of which is that as biden lets a flood of illegal immigrants across the border
00:09:07.840 those illegal aliens oftentimes then get to work except that they don't actually i should say the
00:09:15.980 biden administration doesn't actually publish how many of those foreign-born workers today with jobs
00:09:22.800 are illegal in other words we have absolutely no idea how much of what percentage i should say of
00:09:29.600 these jobs numbers are are simply biden's influx of illegals coming into this country and taking jobs
00:09:36.440 from americans you know we saw in the headlines just a couple of weeks ago that that tyson foods
00:09:41.480 was literally firing a bunch of americans so that they could hire foreigners except that that's just
00:09:47.940 a recent development this trend has been going on for four years um it also does the the situation
00:09:57.860 because we know that a ton of these you know a vast majority are the illegal aliens that they've allowed
00:10:04.600 invade the country in fact they've helped to invade the country because pal told us this this is the
00:10:08.220 reason that he said the immigration the recent immigration is the reason the wages are down
00:10:12.700 doesn't this also reinforce because these people are all connected on social media
00:10:17.120 they're coming to america paid off this is why you're going to have tens of millions more because
00:10:23.320 they're sitting there going hey these guys got in they got they got welfare benefits the kids are in
00:10:28.520 schools they're getting health care and they actually got a job and they're now they're they're part of the
00:10:33.700 economic program so isn't this only going to exacerbate the reality of what's going on not
00:10:38.580 the way they spin the numbers but the reality is going on is that the invasions working for the
00:10:43.700 invaders is it not sir well steve you're absolutely right it's working for the invaders invaders but it's
00:10:49.480 also working for the political elite and and you make a great point that these people come here not
00:10:54.920 only do they get jobs but then they also get welfare they get all kinds of goodies from the government
00:10:59.820 aka our taxpayer dollars whether it's housing schooling you name it and so one of the key
00:11:05.780 reasons why a lot of these people are able to make it on such low wages is the fact that on top of the
00:11:12.480 job they also have tons of government assistance which is also a big reason why the the deficit has
00:11:19.020 been running so much hotter than both OMB and CBO predicted it would during this fiscal year
00:11:25.240 EJ the other thing you've been great about not just tracking the American born jobs versus foreign
00:11:32.980 born jobs you've also been adamant about hey every time they give us a number they they they redo it
00:11:39.940 a couple months later where we are really on net real jobs versus what they announced and then what
00:11:46.360 they what they reconfigured later well steve over the last year you're looking at a difference of
00:11:52.680 almost a million once you add up every single month because each month is building on the previous
00:11:57.780 month you know every time they they have a jobs report for example and let's say it says a hundred
00:12:02.580 thousand jobs were added well if half of those were jobs you thought you previously had because the last
00:12:08.060 month was revised down by 50 you know that those effects again very very quickly build on themselves
00:12:13.720 and so we not only are we not seeing anywhere near the number of jobs we actually thought we had
00:12:19.540 but then if we want to delve into the quality of those jobs things deteriorate even further what I
00:12:25.080 mean by that is we're actually hemorrhaging full-time jobs and have been for quite a while there are fewer
00:12:31.040 full-time jobs in the economy today than there were a year ago and so how is it that we have so many more
00:12:36.440 jobs it's because they're all part-time it's because we have Americans losing full-time work and then
00:12:42.360 having to pick up one two even three part-time gigs in order to to try to make ends meet here
00:12:48.940 so far from a sign of wealth again we're seeing a sign of impoverishment if you actually go beyond
00:12:55.200 the headlines here
00:12:56.040 uh dave uh i want to bring you in and why they're freaking out why we're doing this is that it's the
00:13:03.820 difference between the data they put up and the reality of the lived experience as as personified in
00:13:09.360 the polling where people say we hate the economy so much the democrat operatives have told the guys
00:13:14.900 in the house never mention bidenomics do not use that phrase because people will spit on the floor
00:13:19.400 you saw the buried lead there is they they said hey why don't they love us for uh the reduction of uh
00:13:25.700 you know reducing inflation act why don't they love us for the infrastructure we spent we we basically
00:13:30.520 took five trillion additional dollars canes it and jammed it into the system and they still don't love us
00:13:36.580 brother give me your assessment well my assessment is the uh those snippets they got a little
00:13:43.400 schizophrenia going over there morning joe and mika uh said the quiet part out loud my kids are
00:13:49.160 getting crushed they can't buy houses they can't buy food they can't do nothing and uh you know as
00:13:55.060 ronnie reagan said there's a big pile of stuff all over the place here and then donnie deutsch the
00:13:59.580 marketing guru who's got to come in and says well if there's a big pile of you know what here there must
00:14:04.240 be a pony somewhere and he says so the answer the question is right are you better off are you better
00:14:10.920 off now than you were and and deutsch is saying yes and all everybody else is saying no and the data
00:14:17.300 you know you just covered a lot of our data points uh but cnn had a poll out on you know nostalgia for the
00:14:24.180 trump uh economy and that's spot on he had peace and prosperity i think it's uh 60 65 70 percent
00:14:31.100 negative now on the national economy people say their own personal lives and states are a little
00:14:36.100 bit better but when it comes to federal uh policy in the in the uh in the states that matter the
00:14:42.160 polling's upside down because the federal government's the one with the debt uh the inflation right they
00:14:47.160 the the the morning shows were warning the white house and biden six months ago inflation is the issue
00:14:53.900 right the debt is awful all these other things are awful but people don't uh understand those fully
00:14:59.900 but what inflation when when prices go up uh 10 and then go up another five and then go up another
00:15:06.280 five and you've lost 20 percent of your purchasing power that's the one that has the people ticked off
00:15:12.140 they know that's a federal reserve problem they know that's at the federal level they know their
00:15:16.460 state did not print the money uh the state didn't go into this massive government spending debt the state
00:15:21.400 doesn't go to war the state has to balance their budgets uh so all the problems are from up north in
00:15:27.440 the swamp in washington dc uh from here uh and so i i think the american people got their heads on
00:15:33.060 straight they know what's coming at them uh the federal government their lives are not better off
00:15:38.060 yeah yeah the american people the working class of the people are the rational actors in this they
00:15:44.540 see what's going on they said hey my life sucks economically because hang on hang on real quickly
00:15:49.800 the the bomb dropped at the end that said hey it's not going to change between now and election
00:15:53.780 day do you see the faces shocked ej the reason it's not going to change is what ej and tony brought
00:15:59.780 up six months to nine months ago he goes hey guys you got to refinance a third of this national
00:16:05.520 of this debt to increase all the time and she's doing it short term because she can't sell 10s and 30s
00:16:10.660 she's doing a short term that's it's just not the fed anymore it's the refinancing of the debt is
00:16:15.620 going to basically structurally jam in inflation that's not going to go away you called this nine
00:16:21.320 months ago and now they're living with it ej and tony steve we're looking at 10 trillion dollars of
00:16:28.380 treasury treasury issuance this year between things that are rolling over what you were just describing
00:16:33.480 but then also the new issuance that treasury has to put forth in order to try to finance today's
00:16:39.760 massive deficits and that's a key reason why we continue to see yields on treasuries tick up
00:16:45.860 we continue to see things like gold like bitcoin hit record high after record high and unfortunately
00:16:52.440 there's no sign of any of this slowing down but here's the irony of it in in their simplistic
00:16:59.240 thinking not thinking the second or third order uh events they thought just the met the simple
00:17:04.640 keynesian this is biden this old school guys we just take five trillion dollars with all these
00:17:10.260 government make work programs it's going to in every state the wage is going to increase things are
00:17:14.800 going to increase not thinking about hey this thing's got to be financed dude and in that
00:17:19.100 financing drives drives the inflation that kills the purchasing power of the dollar and it hurts
00:17:24.860 working class people middle class and they're going to hate on you they can't right now walk you through
00:17:30.060 how that happens right this is why people watch the war room because we try to show them but working
00:17:35.240 class people understand when they look at their paycheck they go in a store uh it's not going as far
00:17:40.480 they pay they can't buy a house they can't rent they can't do anything kids have got to gap that
00:17:44.780 every month living expense where the credit card is at 30 percent if their parents aren't backing
00:17:49.360 them up somehow they have to make it dave walsh you've said from the beginning energy is everything
00:17:54.700 energy is the underpinnings got articles today that literally oh what dave walsh told us on this show
00:18:00.980 three years ago watch the grid the grid is old the grid's going to be problems but not just that
00:18:06.960 because inflation gas oil is back is creeping back up to 90 a barrel the biden's uh schizophrenic
00:18:14.480 energy policy is one of the central underpinning uh realities that's caused this mess has and by the
00:18:21.560 way led people in their lived experience say hey dude your economy sucks you're killing me dave walsh
00:18:28.700 well you know the the country has shut down in the last 12 years a hundred thousand megawatts ten
00:18:36.220 percent of its base load energy supply for electricity that was coal that stuff that runs all the time
00:18:42.240 shut down another several thousand megawatts of nuclear we've shut down 12 000 12 12 14 percent of
00:18:48.820 our total electricity supply that ran all of the time and we've displaced a large portion of that
00:18:54.600 with stuff that is four to ten times more expensive solar and wind and battery storage and runs only about
00:19:01.980 a fourth of the time so the net result is we have a crisis of an electricity electricity shortage looming
00:19:09.260 california clearly 33 percent imports of electricity texas clearly brownout service curtailments announced
00:19:16.100 all of the time now now in miso and pjm which comprise about 28 states collectively in the upper midwest
00:19:23.620 over through maryland pennsylvania virginia announcing the shortage of electricity because of
00:19:30.280 all of these base load continuous duty deemed to be dirty coal plants shut down replaced with
00:19:36.840 a lot of wind and solar that works very part-time we've got a huge disaster on our hands
00:19:41.900 hang on that but i want to add on to that because the salvation of all of us is going to be the new
00:19:48.580 god artificial intelligence right you're 12 to 14 percent down on what we do now if you project out
00:19:55.420 of the needs we're going to need for the post for the post-industrial economy that the elites in the
00:20:00.920 credential class want to get to and say hey the grubby working man is not going to be part of it
00:20:05.300 you're going to be 30 40 50 percent down when you start to add in the reality of artificial
00:20:11.280 intelligence the massive power it needs and the electric vehicles everything they're layering on
00:20:17.740 demands more at the same time they're taking it off dave walsh where is that going to leave us
00:20:21.900 this is happening in red state and blue state alike for example in virginia with a lot of server
00:20:27.260 centers data centers uh the trunk line from europe on data comes to virginia northern virginia
00:20:32.480 eight percent year-on-year growth in electricity capacity required to fuel that expansion of server
00:20:40.060 centers and data centers while dominion basically has flatlined electricity growth in new capacity
00:20:46.860 because their whole new capacity plan is part-time offshore wind very part-time on on land solar
00:20:53.140 that basically adds net nothing to the total kilowatt hours produced per year so they've announced a plan
00:21:00.600 an integrated resource plan that actually has a 28 000 megawatt unidentified gap in the end of it of
00:21:07.180 capacity they can't meet with the renewables they're adding florida is much worse north carolina much
00:21:13.780 worse you've got utilities ramping up their capex plan by a factor of 10 times to add resources that are
00:21:21.220 five to 15 times more costly and operate about 20 to 22 percent of the time being solar wind and battery
00:21:28.380 storage this is a complete disaster because yeah the new economy even without evs and even without
00:21:34.280 converting gas heating to electric heating is all about ai is all about server centers data centers that
00:21:40.660 are massive consumers of continuous duty hang on hang on but hang on you can't but go ahead and add
00:21:48.580 on the ev and add on we're getting natural gas they can't have the gas stove if you add that on where
00:21:54.580 does it leave it because that's their plan i just want i want to be fair to them that's their plan
00:21:58.280 if you add besides the data centers for the artificial intelligence if you add it where they want to be
00:22:03.500 on evs because they're banning 20 states they're banning the internal combustion engine we got to give
00:22:09.080 them their due where's that my point is this is insanity this is insane no rational person does this
00:22:15.260 this is insanity the numbers are insane their economic program today is insane what they have in the future
00:22:21.940 is 10 times more insane because they're literally taking off the very thing you need and now they're
00:22:27.620 going to sit there and go oh well we can go to nuclear power i love nuclear power but you just
00:22:31.820 can't sit there and go oh yeah let's just build a nuclear power plant dave can we just build it right
00:22:35.980 over there add ev and add getting off of natural gas for your for your stove and your heater at home and
00:22:42.500 where's that going to leave us dave walsh okay over the next 10 years the collective data collected by all
00:22:48.380 the from all the utilities is we're only going to grow kilowatt hour per year production by five and a
00:22:53.880 half percent across 10 years cumulatively the average need for gdp growth and population growth would be
00:23:00.300 18 percent 15 to 18 percent in electricity creation needed in that 10 year period with evs and home
00:23:08.440 heating transitioning supposedly to electric the the capacity of electricity would need to go up by about
00:23:14.840 80 percent over a 10 year period to meet these ev goals and home heating goals we're way way behind
00:23:22.100 what we need to be in status quo with gdp growth hold it hold it give me that number again i got to hear
00:23:28.260 it it warms the cockles of my heart give it to me again no because of the mass adoption in the next
00:23:33.680 10 years across the country of only of only solar and wind and battery storage in accordance with
00:23:40.300 government pressure we're only adding about 5.2 to kilowatt hour growth across 10 whole years we
00:23:47.580 should be adding 18 percent before any of this adoption of evs mass adoption of evs which would
00:23:54.720 take us to needing about 80 percent more electricity generation capacity than we now have that i mean these
00:24:01.960 these policies don't tie together they don't tie together at all and you take on inflation the top 10
00:24:08.580 high cost electricity states six are in new england two of the others in new york and california two and
00:24:15.600 a half times today the electricity cost of the rest of the country in those 10 states those 10 those
00:24:21.500 states have suppressed economic growth completely inside of their economies new york new jersey the
00:24:27.640 six new england states california economic growth is over it's been over for a long time among other
00:24:33.020 policies electricity policies run by the states in those states all run by democrats are
00:24:38.440 two and a half to three times higher retail cost of electricity than the rest of the country
00:24:42.680 in those states this has happened already you know this this their policies are a disaster for
00:24:48.320 inflation and hardship on average human beings
00:24:51.300 by the way that's we're going to see a mass exits okay i want my three guys here to wait we're
00:24:57.580 gonna take a short commercial break we're gonna come back and get some uh additional thoughts
00:25:01.280 on what the data shows of where the economy really is and the lived experience the american people
00:25:06.540 you're seeing a revolt out there in this country people are sitting there going you're telling me
00:25:10.420 it's so good you're gaslighting me because it's not good and it's getting worse and you see dave walsh
00:25:15.120 who does some projections down range what's going to happen energy and energy is the fundamental
00:25:20.020 foundation for an industrial and a post-industrial society just is that's what president trump's policy was
00:25:26.560 full spectrum energy dominance across the board dr ej and tony brought up a while ago about the cost
00:25:33.820 of assets everything's going up this is why gold's over 2300 it's broken that uh we're going to have
00:25:40.040 philip patrick on tomorrow show to walk us through it what you can do today we give you the macro we try
00:25:46.200 to give you the macro and part of it every day with capital markets but what you can do is go to
00:25:50.180 birchgold.com slash bannon right now get the end of the dollar empire it's totally free it's
00:25:56.340 four installments i'm adding a fifth on the central bank digital currency but they'll give
00:25:59.980 you some idea and some construct particularly as we get ben harnwell on here in the second
00:26:04.600 uh half of the show to talk about this uh this idea they have for funding ukraine if you vote down
00:26:11.320 the 60 billion or even if you don't you're not willing to give them 60 billion they got a way to
00:26:15.300 do it they're going to steal the russian people's uh money and give it to ukrainians we're going to talk
00:26:20.100 about that how that's going to destroy breton woods has going to destroy the post-war economic
00:26:25.020 rules-based order around the u.s dollar we'll get to all that but go to birchgold.com slash bannon
00:26:30.920 right now also we're big advocates of building the parallel economy the alt the alternative economy
00:26:37.000 around companies that don't hate your value where do you go to find those companies publicsquare.com
00:26:42.960 michael seifert and the team built this great website this great app publicsquare.com
00:26:48.080 tens of thousands of companies that support your values and have quality goods and services go today
00:26:53.540 to publicsquare.com short break brad and tony walsh next in the war room the apples in your
00:27:01.080 holiday pie taste amazing but it's not exactly the recommended five servings of fruits and vegetables
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00:31:06.120 slash bannon tnusa.com slash bannon make sure you take action on this today this irs grind is only going to
00:31:15.680 get much worse today all this nonsense all this spin they can't handle the truth war room battleground
00:31:25.120 with stephen k bannon uh dr ej and tony uh over from heritage you've been doing an amazing job on the
00:31:33.600 show last couple of years people are so far ahead of the curve because of your analysis give us your
00:31:39.040 closing thoughts on uh on the cold open with what's happening the the the tower of babel
00:31:44.760 of the biden regime and its media partners also the reality on the ground sir steve i think one of the
00:31:52.320 key things to remember is that they can only tell you you're crazy for so long right all these people
00:31:59.080 as you say have a lived experience that says one thing and then you have the official government
00:32:03.760 statistics that say something else whenever that happens don't believe the government statistics
00:32:08.780 believe what you can see with your own eyes and what you've actually lived through a key example of
00:32:14.160 that is the unemployment rate which so many people in the media today are talking about how great it is
00:32:19.100 to have an unemployment rate uh you know below four percent well guess what if you actually include
00:32:24.280 the millions of people who left the workforce in 2020 and have never returned to this day even four
00:32:30.680 years later that bumps the unemployment rate up not to 3.8 percent but to somewhere between uh 6.5 and
00:32:39.440 about 7.7 percent so that's not catastrophic but it's certainly not what we would consider a robust economy
00:32:46.560 ej where do people get you all your work all your analysis all your ratings best place to find me is
00:32:55.020 going to be on twitter x whatever we call it these days the handle there is at real ej and tony
00:33:00.420 you're amazing thank you so much for coming on here and uh explaining this to the american people
00:33:06.760 it's incredible thank you for having me steve dave bratt you've been another one that's saying
00:33:13.280 there's there's there's truth there there is truth here but you got to search it out because
00:33:17.500 it's going to be spun non-stop your thoughts are yeah well you saw the truth on uh katty k's face uh
00:33:25.300 the the glum look uh told you everything uh you need to know right and so and then the the good
00:33:32.360 news there is you you bounce that over to the the the statistics and everything are good right so
00:33:38.940 okay that's fine and then actually we get good news out of that because now it turns out you know
00:33:44.040 the minneapolis fed uh cash kari i think uh said we the fed may not be cutting rates right so if
00:33:51.540 everything's fine the federal reserve is likely not likely to reduce rates and juice the economy
00:33:56.440 anymore so that that actually is uh is good news for us uh but then that really tells you the true
00:34:04.380 story about the real economy everybody is hanging on every word out of the federal reserve about a
00:34:11.120 point two five percent reduction in the interest rate instead of focusing on the real economy and
00:34:16.700 making stuff that tells you uh that this country is not positioned well going forward when when all
00:34:23.280 you do is pay attention uh to the stock market and to zero point two five percent changes in the
00:34:29.520 interest rate and everybody's hanging on those words uh that's very troubling that that's the signal
00:34:35.960 and not the noise yep that's called finance capitalism and late stage capitalism that's where we are that's
00:34:42.980 a reality we're heading into techno feudalism day bratt where do people go to get all the information
00:34:48.240 you put out all your charts and analysis yep just posted some new ones up bratt economics on getter and
00:34:54.540 bratt economics on x and then come visit liberty university uh bring you young scholars and uh i but i could
00:35:00.880 listen to dave walsh that he gives more real world great stats uh in it i can comprehend everything
00:35:08.320 he's saying it's the cleanest presentation ever no it's it's legendary and it is so frightening because
00:35:15.940 if you want to see by the way dave bratt thank you so much honor having you on thanks for taking the time
00:35:20.200 walsh when when you lay it out it's it's so basic and but it's so troubling to see how irrational
00:35:26.920 it is if i could understand if it had an internal logic to it i could i wouldn't agree with it and we would
00:35:33.320 fight it but i could understand it this is just this is madness this is absolute madness do you see
00:35:38.920 before we let you go dave and hopefully maybe tomorrow or early next week we'll get you back
00:35:42.900 on because i want to get into 90 oil is there anybody because we keep approving these budgets
00:35:48.420 is there anybody at a state level is there anybody into congressional level do you in the senate a
00:35:55.000 governor do you see anybody coming forward with the alternative argument to say this is madness and we
00:36:00.380 have to stop it and here's what we need to do sir steve steve not really no but what i do know okay
00:36:06.960 further verification of what i've been saying from my oem friends in the last two months i've heard
00:36:12.420 walsh how did you know this would happen guess what's happening simple cycle huge gas turbines are
00:36:18.040 flying off the shelf now made by siemens ge mitsubishi simple cycle massive gas turbines utilities now
00:36:24.880 are buying like crazy what are they used for peaking needs because wind and solar don't operate
00:36:31.280 during the day but but less than half the time they need capacity suddenly purchased it's very expensive
00:36:37.000 to buy these and operate part-time a few hours a day they're now buying them like crazy to offset the
00:36:44.080 known electricity shortage i have that directly from oems in the business there's only three of them
00:36:49.700 so this is this is real stuff going on but you know what's caused this the easy money era
00:36:55.180 that where you've had the sec the fed treasury infiltrated by the money center banks running them
00:37:00.600 and the u.s department of labor statistics the cpi if you go back to 74 cpi market basket data
00:37:07.460 real inflation in 22 23 more like 17 18 percent the kids know this young people know this they have
00:37:15.000 lists of what they buy year to year and they're seeing 18 to 19 percent kind of cost increase in
00:37:21.100 fuel and but more importantly in food and rent that's real the cpi data frankly is not real it's
00:37:27.980 been on a bipartisan basis gerrymandered across 45 years of money center banks running the sec the fed
00:37:35.620 and treasury that that's what we've got now gerrymandered data so you get msnbc railing at people no no no
00:37:41.420 as bad as you feel the real data says the opposite it's nonsense because the real data is not real
00:37:46.800 data go back to the 74 calculation of the cpi market basket and you'll see inflation is double
00:37:52.920 what's being reported by the money center banks in whom's in in the easy money era it has been in
00:37:58.760 their interest to under report inflation data to consistently under report inflation data and they've
00:38:04.320 done this through bipartisan administrations as they populated the sec the fed and treasury
00:38:09.160 it's very sad incredibly sad this is what happens when modern monetary theory takes hold in finance
00:38:17.180 capitalism or what is called late stage capitalism and you're living it right now this is why it's
00:38:22.400 the end of this era and it's it's either going to come shattering down on people or we can go in and
00:38:28.340 make necessary structural changes that has to happen i keep saying i said this is the end of the
00:38:33.920 american dharma the movie that errol morris made at the end i said if they're not this was
00:38:38.280 six or seven years ago i said if they're not fundamental changes made to the economy of this
00:38:43.700 country and allow working class people in the middle class to really participate in this and
00:38:48.580 really participate you're going to have a revolution in this country it's not going to last forever
00:38:53.140 and people's lives you think it's bad now if you look at the projections that dave walsh just gave
00:38:58.280 you about electricity capacity electrical capacity versus the needs of where they're driving the new
00:39:03.980 post-industrial economy to society it's it's catastrophic and you're going to see massive
00:39:10.820 migration out of new england out of new jersey out of new york out of california as as uh as uh energy
00:39:16.700 costs just get so big and you can't you can't bring new jobs in and so big to live it's all happening
00:39:22.920 and dave walsh i'm so proud of this team that just lays it out in very basic terms that are not simple
00:39:28.860 but can be understood dave walsh where do people go to get all your analysis on social media sir
00:39:33.600 and just add to that the top 10 states and electricity costs are none of them are in the
00:39:38.560 top 30 on in migration of human beings moving into them none of them anyhow dave walsh energy at getter
00:39:44.680 and true social thank you steve thank you brother incredible that right there folks is 40 minutes
00:39:53.000 that's better than any presentation made in a c-suite to ceos and boards of directors about
00:39:58.740 where the economy is and i'm telling you it's better than any presentation is being made over
00:40:03.640 the federal government right now we're also you're being spun is about this ukraine situation you're
00:40:09.200 going to be manning the ramparts on monday i said on monday show i'm gonna do a little more in ukraine
00:40:12.680 tomorrow morning but monday show mtg is going to kick it off and we're going to have to go to the
00:40:16.900 ramparts on this uh you heard today from jim rickards uh what's really going on uh ben harnwell
00:40:23.300 joins us ben can you get us up to date on your assessment of this thing because man it is going
00:40:27.320 to get ugly here in the united states of america the u.s house that just passed a 7.2 trillion spending
00:40:33.620 bill with a two trillion dollar deficit is coming back before the ink is dry and asking for 60 billion
00:40:39.860 dollars more ben harnwell good evening steve well i think one of the big giveaways
00:40:46.580 that there's a a plan here afoot to deceive maggot is the fact that the the the the the attempts
00:40:54.700 behind mike johnson's initiative is to spin this in a way that johnson they're saying is a ukraine
00:41:01.580 skeptic as is donald trump and yet this proposal to basically convert extra funding into loans is in
00:41:10.180 line with what magra is aspiring because that's what donald trump um has indicated he wants i think
00:41:17.620 it's a fundamentally fraudulent concept because as we know uh magra is 100 committed to not a single
00:41:24.500 penny more um to ukraine so the idea that they're trying to sort of spin this that this is somehow um in
00:41:32.100 line you know we're doing this reluctantly but we're sort of being forced um into this is is is
00:41:37.700 complete smoke and mirrors steve um there will be sort of uh developments on on monday as mike johnson's
00:41:46.820 uh plans are going to be revealed in further detail i think the thing that here excuse me i think the
00:41:53.940 thing that um that uh interests me is that the white house behind the scenes is actually trying to
00:42:01.140 assist mike johnson with his own base this is something that we've said for some time on the
00:42:07.300 war room that there is not enough republican support here and of course i think mike johnson could quite
00:42:13.060 easily find his career speaker finished if he does need to rely on democrat support to pass this
00:42:22.260 um if mike johnson does this and he does this without having a majority of the conference which
00:42:28.740 if we do our work he won't even come close so i have under 100 votes uh he deserves to be removed
00:42:35.140 whether it all ultimately happens or not or we get you know they're saying because we're going to turn
00:42:38.900 it over to hakeem jeffries he will prove it beyond any doubt that he's essentially a democrat speaker
00:42:46.500 because this is a top party for democrats it's a zero priority for anybody except the cardinals on the
00:42:52.980 armed services committee that that feast off of bigger defense budgets let me i want to play because
00:42:58.740 i only got here for about another five or six minutes i want to play something and i want your
00:43:02.500 reaction to this because it's quite shocking i think to a lot of people here in the united states let's play
00:43:06.660 it anthony blinken biden secretary of state uh over at nato at a conference uh and then i want to come
00:43:12.980 back to ben support for ukraine the determination of every country represented here at nato remains rock
00:43:22.580 solid we will do everything that we can allies will do everything that they can to ensure that ukraine
00:43:30.420 has what it needs to continue to deal with russia's ongoing aggression against ukraine an aggression that
00:43:36.740 gets worse uh with every passing uh day ukraine will become a member of nato our purpose at the summit
00:43:47.140 is to help build a bridge to that membership uh and uh to create a clear pathway for uh for ukraine uh
00:43:56.100 moving forward so of course we believe that ukraine deserves to be a member of nato and that this
00:44:01.620 should happen sooner rather sooner sooner rather than later ben i i don't remember
00:44:10.500 a firm commitment like this from it's pretty shocking this the secretary of state over there
00:44:15.060 said this is a done deal it's going to be a member of nato and we're a bridge for that now you follow
00:44:19.940 this intimately every day i follow it too i know there's been talk about it there there's certain
00:44:25.780 people in the administration that want to do it there's obviously the ruling class over there want
00:44:29.380 to do it but number one the the the commitment is not rock solid because there's tons of that you
00:44:34.900 know 99 of nato does not pay the two percent of gdp for their defense uh for the common defense they
00:44:40.580 also uh are shrinking on their own defense budgets in addition there's all kind of a consternation now
00:44:47.300 by giving more money if it has to come out of health care or pensions from these countries in
00:44:52.980 europe to ukraine and then blink and sister just says categorically uh they're going to be a member
00:44:58.340 of nato uh as i said earlier if they're a member of nato the united states is not going to be the
00:45:02.660 united states the people in the united states are not going to approve of ukraine joining nato and if
00:45:08.740 that breaks the hearts of the guys in the west wing that's going to break the hearts of the guys
00:45:12.100 in west wing ben harnwell your thoughts well unless anthony blinken wants to add in the words
00:45:18.100 the date when this is supposedly going to take place it's simply him bouncing his guns there in
00:45:23.940 front of a television camera it's basically the position that was established in vilnius last year
00:45:29.780 at nato's annual summit um but given with more emphatic vocal conviction that this is really going to
00:45:37.060 happen um but in fact as you quite rightly say um there are a number of things that would need to take
00:45:42.420 place before then and of course the time frame i mean even if even if the administration was dead
00:45:48.180 set that this is actually going to happen reasonably its time frame is any time before january of next
00:45:54.180 year because they can't bind that a subsequent administration in in you know especially though
00:46:00.420 if we had more time we'd go into exactly what the view is now on um uh on donald trump's views with
00:46:06.820 regards to to nato and these uh these are i think policy positions that are working themselves right
00:46:14.020 working themselves out right now but there's no way that the secretary of state can combine the future
00:46:18.980 administration in can bounce even a future administration interest but the fact that they're
00:46:24.100 trying to do this the illustrates one thing and that these are the paladins of democracy are telling you
00:46:31.300 exactly what they really think of democracy and your right for self-determination by the fact that
00:46:38.020 they are you know when they're trying to sort of trump proof nato they're telling you that they do not
00:46:43.700 care what you think or what you want or what you intend to get when you're when you vote for it because
00:46:49.780 they are going to stitch this up uh one way or another this is what they this is this signaling that
00:46:54.660 they're giving and i think it just explodes totally what diminished moral authority these people
00:47:00.980 still had left by sort of um illustrating the hypocrisy of their position if these people
00:47:07.540 really were in ukraine to defend the principles of self-determination and democracy they would not be
00:47:13.860 trying to bounce their own people into something that uh as viewers of the war room will know there's no
00:47:20.580 american support for this
00:47:24.020 do do before i let you go i just got his question is he did what we see today what they're
00:47:29.860 telling people behind closed doors non-stop that the united states supports the united states will
00:47:34.340 make and basically back or and or force ukraine in as a member of nato because putin said that's a
00:47:41.300 red line i know the people in the united states the citizens of this country don't want to go to war
00:47:46.420 and don't want to cause trouble about a nato expansion that's all the elites the that's the white
00:47:51.540 atlanticist elites on the eastern seaboard that want to do that hanging out with their buddies in
00:47:56.740 switzerland and in germany and in paris does uh do you think this is this do you think this is actually
00:48:02.500 a commitment that the biden regime has made behind closed doors um i don't think so um i don't think
00:48:12.340 that i because i get because they would because everybody knows that the biden administration doesn't
00:48:18.180 have the capacity to pull this off so what they're trying to do is to suggest with tones of voice and with
00:48:23.860 messaging and with formulations of words that they are in control of the situation of course if they
00:48:29.460 were in control of the situation that we'd have a date the fact that we don't have a date illustrates
00:48:33.940 that they know they're not in control of this situation what i think they are trying to do what
00:48:38.500 i'm more concerned about is they're trying to bounce the american public into paying for something
00:48:44.100 that the americans do not want to be involved in and that i think is a more dangerous proposition
00:48:50.180 because of course they can control so many instruments of power in the united states even
00:48:55.060 when they are not in power uh ben we got to bounce thank you so much i know we got a lot more to go
00:49:02.180 through maybe we'll do it tomorrow if not maybe we'll do it in combination mtg is scheduling now to kick
00:49:07.620 off the week on monday at 10 a.m to go through her battle plan for stopping uh this bill the 60 billion
00:49:15.220 dollar bill so maybe we team you up with that we'll talk over the next couple of days ben harnwell
00:49:20.100 ben what's your what's your uh what's your uh social media you get much better engagement than
00:49:25.060 i do and it upsets me no end where do people go thanks steve it's on get to simply track out my
00:49:31.860 surname at harnwell and by the way you mentioned mtg she has done absolutely sterling work i think all by
00:49:38.500 herself on on holding her own conference because if she wasn't there flashing this light of a of a
00:49:46.100 potential motion to vacate who knows what the gop caucus uh would try to get away with and that's
00:49:52.820 the absolute important thing here uh that i flag up for for the war in policy when it comes to selecting
00:49:58.500 your elected representatives yeah every single person is important in this fight
00:50:02.820 yeah no she's quite controversial i realize people have had problems with her we've had in
00:50:08.820 the past but on certain topics she comes out and she's like a house on fire and she will not back
00:50:13.780 down we would not be where we are in this fight against ukraine was not for mtg and she's thrown
00:50:18.980 down hard and i can tell people i already know that next week she's going to i think double and triple
00:50:24.340 down she's going to make this a showdown as it should be ben harnwell look forward to seeing you
00:50:29.060 over the weekend and early next week thanks steve god bless you know ej and tony said it we're going
00:50:36.420 to have philip patrick on the show tomorrow we're gonna take some time and go through this but in
00:50:40.660 the interim birchgold.com slash abandon you need to go there we'd lay out the macro and philip patrick
00:50:47.700 will be there tomorrow to talk about this but gold's hitting all-time highs every day you heard
00:50:52.900 jim murkett say one of the reasons is hey there's so little trust in the dollar and particularly what
00:50:58.340 they're about to do with the dollar to weaponize it against the russian people that it is the prime
00:51:04.260 reserve currency and people use it but they're seeing the russian assets not just frozen but
00:51:08.660 seized potentially seized converted to dollars and given to the ukrainians mike johnson's part of that
00:51:14.580 now they all have different aspects of the plan but it all gets back to how can the international
00:51:19.620 community trust the u.s not to just not freeze their assets into some problem but to seize them
00:51:24.420 convert them into dollars and then give them to their enemies that is going to rapidly exacerbate
00:51:30.260 the de-dollarization effort you can find all that by going to birchgold.com
00:51:34.660 slash abandon also we we are adamant about building this alternative economy even though we're going to
00:51:41.700 win in uh in november and take control in january we need an alternative economy so never again can we
00:51:47.620 get deep bank can we get deep platform patriot mobile this incredible company of glenn story and the
00:51:53.460 the team go to patriot mobile dot com slash abandon you get your discount there you get your free
00:51:58.900 hookup but find all the information why that the telecom service they provide is based upon the
00:52:05.860 backbone of the service in the united states it's excellent us people at the call centers all us
00:52:10.660 citizens on the united states patriot mobile dot com lou dobbs is next we are back saturday morning
00:52:16.500 live we'll see you here back in the world i want to warn you of a huge change that could be coming
00:52:22.340 to our money in our bank accounts first think back to 9 11 shortly after the government pushed through
00:52:27.940 the patriot act this gave the government power to spy on innocent americans by monitoring our phone
00:52:33.860 and email and tracking our movement across the internet now jim rickards editor of the independent
00:52:39.860 financial newsletter strategic intelligence and new york times best-selling author is warning about a
00:52:45.540 coming event that could elevate this governmental surveillance to a terrifying new level in fact
00:52:51.700 some of the guests i've had on the war room believe that the government will soon expand their powers
00:52:56.500 to track our every move if we say the wrong things on social media donate to the wrong causes buy firearms
00:53:03.700 or even vote maga the government may be able to shut us out of our bank accounts i can't say for sure
00:53:10.500 if this will happen but it's an interesting and dire warning fortunately jim rickard's an american
00:53:16.500 patriot and friend of mine has made it his mission to educate us on what he believes is coming and how
00:53:22.180 to protect yourself from the possibility of programmable money watch jim's warning video now before it's
00:53:30.420 censored like i've been in the past go to rickardswarroom.com that's rickardswarroom.com
00:53:36.900 now to see the video would war room at checkout to save 67 and do it again war room health all one
00:53:43.940 word war room health.com go there today you need if you're going to be part of the posse you need a
00:53:50.180 strong heart you need a lion's heart how we're going to do that is with salty go there do it today check it