Bannon's War Room - October 24, 2022


2249： Enrolling Minors in COVID-19 Vaccine Trials; The Democratic Party Are Crushing Your Prosperity


Episode Stats


Length

54 minutes

Words per minute

183.7873

Word count

10,018

Sentence count

710

Harmful content

Misogyny

12

sentences flagged

Hate speech

12

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

On today's show, CNN's Chief Political Commentator Steve Cortez joins Jemele to talk about the midterms and why it's the most important election in our nation's history. He also talks about the impact of Al Sharpton's comments on the campaign and why he thinks it's a good idea for him to run for president in 2022.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 ...than ever before in these midterm elections, and yet it doesn't seem to be, if you believe
00:00:06.500 these numbers, the biggest gap seems to be in voter enthusiasm with Republicans, a lot
00:00:12.180 more enthusiastic about getting out to vote than Democrats.
00:00:15.600 Why?
00:00:16.340 I think that the reason we're seeing that is because, again, some of us, I started to say
00:00:24.040 many, but not many, some of us have been saying to the Democrats, you've got to talk about
00:00:29.120 uncomfortable things that are really concerning and that are very important to the base of
00:00:37.420 voters that you want to come out and vote.
00:00:40.560 So, yes, we've got to talk about voting rights.
00:00:42.900 We have to talk about democracy, but we also have to deal with crime, victims.
00:00:49.380 I had people in churches in Atlanta yesterday say to me, I'm so glad that you have a balanced
00:00:54.420 message here because I'm afraid of both.
00:00:57.380 And I think that a lot of Democrats in the leadership are listening to a noise factor
00:01:05.680 of saying, don't do this, don't do that, rather than listening to the voters.
00:01:09.760 When you see a gap like that in enthusiasm, when you have so much at risk, then you have
00:01:16.100 to stop and say that our messaging is off and you've got to start talking to the people
00:01:21.800 that you want to leave.
00:01:23.800 You can't leave people that you never talk to and understand what they need leadership
00:01:28.180 for.
00:01:29.100 We have to see what happens in the midterms.
00:01:30.880 Do Democrats lose one or both houses of Congress?
00:01:34.020 What sort of investigations will the Republicans run, particularly around Hunter Biden, which,
00:01:38.300 of course, is something the president is very sensitive about.
00:01:41.020 And then there's the Donald Trump factor, because at the end of the day, people close to the president
00:01:44.360 tell me on a near daily basis, if Donald Trump is running for president again, almost certainly
00:01:49.340 Joe Biden is, too, because he feels like he's the one man who could beat him before in 2020.
00:01:54.140 He's the one man who could beat him again.
00:01:55.660 And he is the one person, Biden, who thinks that he would, all that stands between Trump
00:02:00.780 and if he had a Trump presidency, which would be a true threat to our democracy.
00:02:06.000 Monday, 24 October, the year of our Lord, 2022, Steve Cortez.
00:02:09.620 Give me your assessment of Al Sharpton.
00:02:13.340 The Reverend.
00:02:14.620 Well, listen, he clearly does not understand what is about to hit.
00:02:17.800 And none of them do, for that matter.
00:02:19.220 Or if they do understand, they're pretending otherwise.
00:02:22.060 It's not just going to be a red wave.
00:02:24.200 It's going to be an actual romp.
00:02:26.460 We are retaking our republic.
00:02:28.800 We were losing our republic to the oligarchs.
00:02:31.260 And in many ways, it has become a dangerous situation where this is a fulcrum election.
00:02:37.020 You know, you've said many times, and I concur, that it's the most significant election in
00:02:40.420 over 100 years, not just in our lifetime, the most significant midterm election probably
00:02:44.440 since the middle of the Civil War in 1862.
00:02:47.440 But the great news is we have the correct issues.
00:02:50.660 We have the policies correct on our side.
00:02:52.760 We have patriotic populist solutions, a combination of cultural conservatism along with economic
00:02:58.260 populist nationalism.
00:02:59.320 So we have the right policy prescription.
00:03:01.460 And just as importantly, we have the right candidates.
00:03:04.400 We have an incredible, impressive crop of outsiders and fighters, people who are going
00:03:09.140 to be elected not just to join the Uniparty with an R after their name, but to be actual
00:03:14.660 disruptors in the mold of Donald Trump on Capitol Hill.
00:03:18.120 And in doing so, we're going to start saving this nation.
00:03:20.480 I have been saying for many months, and I stand by it, the two I's are what matter most.
00:03:24.540 It is inflation and immigration. 0.98
00:03:26.080 I know we're going to get into this today.
00:03:28.140 I'm at a new I.
00:03:29.640 I might say it's the three I's and the new one being injections, specifically injections
00:03:33.740 for children, compulsory vaccine.
00:03:36.380 The CDC, I think, opened up an entirely new issue that's going to further broaden our coalition.
00:03:41.460 So it may be the three I's now of inflation, immigration, and injections for children.
00:03:47.020 So the issue set, the candidates, all of it is lining up for us.
00:03:50.500 Everyone needs to maintain their discipline and their focus here, their hustle.
00:03:54.620 We can take nothing for granted, no complacency.
00:03:57.160 But Steve, I'm getting really, really excited about what we're about to do.
00:04:00.600 I am, too, because we told you two weeks from, you're basically going to have a sea of break
00:04:07.060 in the two to three week mark.
00:04:10.040 You're seeing it now.
00:04:11.260 It's massive.
00:04:13.260 Dave Wasserman at the Cook Political, Wasserman's the guy that focused on the House races, put
00:04:19.980 Sean Patrick Maloney, the head of the DNCC, the dude that was in Paris raising money from,
00:04:27.340 from, I don't know, they're supposed to be American citizen expats.
00:04:31.680 I'm sure there's no foreign nationals in that crowd.
00:04:33.980 He's raising money.
00:04:34.940 He's now in a toss-up, in a seat that's been totally locked up.
00:04:40.640 Okay, so here's what we're going to do.
00:04:42.320 We're broadening out to talk about the third I.
00:04:44.760 So today we've got the three I's.
00:04:46.340 We have Todd Benzman on at the bottom of the hour with Cortez,
00:04:49.400 talking about at 11 p.m. on Friday, they dumped the worst numbers ever in the history of
00:04:54.980 border crossings, the immigration part, the invasion of the southern border.
00:04:58.240 That's Article 1 in Biden's impeachment.
00:05:00.480 So Benzman is going to join Cortez and myself.
00:05:03.020 In the B block, Steve and I are going to talk capital markets and come back to that after
00:05:06.760 Benzman.
00:05:09.360 That's going to be the inflation part.
00:05:11.060 But there's an unspoken, and we've got three people I'm going to have to do it.
00:05:13.680 Cortez, first off, you go through.
00:05:14.980 I've got Natalie Winters.
00:05:16.060 We're going to announce some big news on Natalie,
00:05:18.800 who has now officially graduated from the University of Chicago.
00:05:22.260 We also have an Air Force fighter pilot.
00:05:25.260 We're going to talk about injections, too.
00:05:27.340 Steve, the three I's. 0.97
00:05:28.960 It's immigration, inflation, and we're adding today injections because of CDC last week.
00:05:34.280 And this is the one nobody's talking about.
00:05:36.100 But I noticed one thing you don't see.
00:05:37.660 You don't see any Democratic ads.
00:05:39.160 With all that source money, you don't see any Democratic ads out there about how great it is.
00:05:43.240 Steve Cortez, take it away.
00:05:44.260 So, listen, what the CDC did, the totally corrupt and almost always wrong CDC,
00:05:50.680 which has totally lost the confidence of the American public,
00:05:53.720 is it added vaccinations, COVID vaccinations for children as young as six-month-old babies
00:06:00.060 to its regular schedule of long-established vaccines,
00:06:04.000 which we know from decades and decades of use and research work incredibly well and safely.
00:06:09.660 Instead, without proper testing, without proper vetting,
00:06:12.740 it added these experimental treatments to the regular schedule.
00:06:16.260 Now, when those of us on the right erupted with alarm at this,
00:06:19.860 the so-called fact checkers in the corporate media said,
00:06:22.040 wait a second, the CDC cannot order injections itself or cannot order vaccinations as required.
00:06:27.620 And that is correct.
00:06:28.460 However, here's the rub, Steve.
00:06:30.520 Democrat politicians, and particularly pro-mandate, pro-lockdown Democrat governors across America,
00:06:37.120 we know very well that they are going to take, as a rote directive, whatever Fauci and the CDC say,
00:06:44.920 and they're going to use that CDC directive and that approval as cover to force vaccinations upon every single child in their jurisdiction,
00:06:53.960 in their states.
00:06:54.980 And so I'm talking specifically about vulnerable Democrat governors,
00:06:58.240 people like Pritzker in Illinois, Hochul in New York, and there are others.
00:07:03.360 Whitmer in Michigan.
00:07:04.320 I just wrote an article and put it up at Real Clear Politics this morning
00:07:07.180 that the compulsory child vax issue is now on the ballot.
00:07:12.980 And here's why this is so important, Steve.
00:07:14.700 Of course, it's important for our country because it's insane and illogical to try to force these vaccines upon children and even babies.
00:07:21.320 We know that American parents, American mothers have already rejected these vaccines for kids.
00:07:26.620 The statistics tell the tale.
00:07:28.820 You know, the numbers don't lie.
00:07:30.400 And according to Kaiser Family Foundation, for babies age six months and through toddlers age five,
00:07:36.000 only 3% of them have received the injection.
00:07:39.380 That is it.
00:07:39.980 Only 3% have decided to immunize with this COVID vaccine, their babies and toddlers.
00:07:45.820 And even for school-age children, age five through 11, it's only 30%.
00:07:50.700 So, Steve, overwhelmingly, American parents, American moms have said, no, we're going to take a pass.
00:07:56.920 We don't need this new big pharma injection to be put into the bodies of our children who are largely invulnerable to the virus anyway.
00:08:04.840 So they have rejected it.
00:08:06.280 But the CDC, right, got right in the face of parents and said, no, it is going to be part of the schedule.
00:08:11.960 And here's the thing, to connect it back to the politics.
00:08:14.680 Believe me, governors like Pritzker and Hochul and Whitmer, and there are others,
00:08:18.900 Shapiro, if he were to get elected in Pennsylvania, those governors are going to use the CDC as cover to force your children or your grandchildren to get this big pharma Fauci injection that they may not want and that they certainly do not need.
00:08:34.060 And politically, Steve, in terms of broadening the coalition, guess what?
00:08:37.520 A lot of moms who may not agree with us on everything, may not call themselves America first or conservative or nationalist.
00:08:43.340 A lot of moms out there are going to break our way because they are not going to let these Democrats and big pharma inject their children. 1.00
00:08:52.020 This is the youngkin.
00:08:53.640 This is the 100% MAGA turnout.
00:08:55.440 And you get these suburban moms who are not Donald, you know, still Orange Man bad. 0.75
00:09:00.340 It doesn't matter.
00:09:00.920 For this, hey, whatever you are, you are.
00:09:04.860 Steve, do you agree with me?
00:09:06.780 As we go through and monitor the nation, you don't see them taking out any ads on Fauci.
00:09:11.960 You don't see them taking any ads out about how they beat COVID-19.
00:09:15.940 You never see any ads at all about, I'm talking political ads, about this topic.
00:09:21.480 Is that not a big tell, sir?
00:09:23.400 Of course it is, right?
00:09:24.980 Look, the leftists in this country, they're malicious and wrong, but they're not dumb, Steve, okay?
00:09:29.900 They're sophisticated.
00:09:31.180 They understand what we're talking about right here.
00:09:33.780 And I think they know what a quandary they've been put in by this CDC decision.
00:09:38.960 And listen, in these closing days, again, we have an issue set that is broad.
00:09:42.860 And we have a lot to talk about between the three I's, between inflation, immigration, and now injections for children.
00:09:48.560 But I believe this third I is going to be the most consequential.
00:09:52.100 And in some of these races that are tough, that are in blue jurisdictions, this is going to be the force, the shift, that's going to allow us to win in places where we haven't won in years.
00:10:02.180 Places like the governorship in Oregon, in Illinois, in New York.
00:10:05.720 It's going to, I think, put Mastriano over the top in Pennsylvania.
00:10:08.980 And let me say this too, Steve.
00:10:09.900 It's not just for state races.
00:10:11.340 I think that's where it's most relevant.
00:10:13.160 But even for federal races, I encourage every federal campaign, everyone running for Congress and Senate out there, to make sure that they pledge that they, for example, are going to fully investigate and reform the CDC.
00:10:25.640 Because the CDC is absolutely out of control.
00:10:28.300 It has lost the trust of the American people.
00:10:30.080 That's not my opinion.
00:10:31.100 I put the polling stats in the article.
00:10:33.720 People no longer believe in public health authority.
00:10:36.080 We have to change it.
00:10:36.760 No, no, I can tell you from El Tide Woods, they've got a paper up there in Connecticut, and John Fredericks, who's now in Vermont, on the bus.
00:10:44.900 In Connecticut, those two seats, the house seats are in play.
00:10:48.060 It's because the moms in these Connecticut suburbs are revolting against this. 1.00
00:10:52.020 And these are not MAGA moms, right?
00:10:54.560 They're now revolting against this.
00:10:56.020 This is the shift you've seen in Rhode Island 2.
00:10:58.120 This is what you've seen in Connecticut 2, Connecticut 5.
00:11:00.360 This is the unspoken issue.
00:11:03.280 Steve, hang right there.
00:11:04.520 I'm going to come right back to you.
00:11:05.440 Let's bring in Natalie Winters. 1.00
00:11:06.380 By the way, big news we just put out this morning.
00:11:08.480 Natalie is going to join us.
00:11:10.160 She's going to replace Liz Harrington. 1.00
00:11:11.920 We have not had an executive editor.
00:11:13.880 I don't know if you noticed that.
00:11:15.180 We have not had an executive editor.
00:11:17.020 It's been a little shaggy since Liz Harrington left.
00:11:20.460 Liz Harrington left to go work for President Trump as head of strategic communications, gosh, about a year ago, a year and a half ago.
00:11:26.420 And we haven't had an executive editor announcing today that Natalie Winters, freshly minted from the University of Chicago, is the executive editor and going to be the co-host of War Room.
00:11:36.520 We're also going to announce some other co-hosts to help us out.
00:11:39.620 But she's taking on a big responsibility.
00:11:41.260 She joins us today.
00:11:42.640 An amazing investigative reporter.
00:11:44.660 We're going to hopefully broaden her out so she does more than just the deep drill down she's famous for. 1.00
00:11:50.220 Natalie, walk us through this issue, particularly children, the testing, the vax, all of it.
00:11:55.660 You've been particularly on this and incensed by what's happening.
00:11:59.180 Walk us through your reporting today.
00:12:00.360 Sure. Thank you so much for having me on.
00:12:03.240 I'm so excited to be here.
00:12:04.660 But I have a bold prediction, and that is that the Fauci family is going to have a very, very busy 2023 testifying in front of Congress.
00:12:12.420 Not only will you have Anthony Fauci testifying for sending taxpayer dollars to the Wuhan Institute of Virology, his daughter, who works at Twitter, working for Big Tech and all the way they've suppressed conservatives,
00:12:23.360 but also I think Anthony Fauci's wife, who heads the clinical center of the National Institutes of Health, specifically running their bioethics program, really has been a leading voice in calling for COVID-19 vaccine trials for, wait for it, children.
00:12:38.740 She actually authored a paper last year titled Enrolling Minors in COVID-19 Vaccine Trials, where they go on to explain how it's imperative that children, not adults, but children,
00:12:51.680 are subjected to COVID-19 vaccine trials before they actually established any form of safety or efficacy in adults.
00:13:00.300 That's right. They want to put children on the front line before they do adults. 0.99
00:13:03.980 So it's really interesting that you see Anthony Fauci's wife playing a leading role and really kind of serving as the scientific footnote, the evidence that the CDC and all these other, you know, big pharma funded organizations have been using to push COVID-19 vaccines on children.
00:13:19.640 And just remember, it's the same exact establishment that will defend your right to kill your child up until the second before birth that is now telling us that we should be vaccinating children with these experimental RNA drug treatment therapies that we know have caused myocarditis, issues with hormones in women, and of course, reproductive issues in men.
00:13:41.860 So really some mixed messaging coming from the medical establishment here, and of course, as always, conflicts of interest, including the Fauci family and big pharma.
00:13:51.040 By the way, we're going to be drilling down this big time. Real quickly, Natalie, we've got about 30 seconds, so we're going to get a break.
00:13:56.500 What is the obsession with CDC and big pharma about the obsession of injecting children, ma'am?
00:14:03.060 I don't know. I think it's all about power. I think when it comes down to it, there's no science, so they rely on people, these partisan and really big pharma funded actors like Anthony Fauci and his wife to come up with the science.
00:14:17.300 They say trust the experts, but in reality, these experts are people who are just power hungry.
00:14:22.240 They don't care about your kids, and that's why they want to inject the arms of as many children as they can. 0.99
00:14:28.440 Okay, Natalie Winters, Steve Cortez is going to join us after the break.
00:14:35.000 It looks like the China FTSE is down 8% right now.
00:14:41.260 Another very choppy, choppy day in global capital markets.
00:14:45.680 We're going to bring Natalie back. Steve Cortez has got a special guest, an Air Force fighter pilot, about his journey on vaccines next in the War Room.
00:14:52.900 We will fight till they're all gone. We rejoice when the low war. Let's take down.
00:14:58.440 You know what's never good? When your nation's supposed authority on economic policy completely misses the flashing red lights of impending inflation.
00:15:10.300 Now, Treasury Secretary Janet Yellen has finally admitted, quote,
00:15:13.940 There's been an unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that affected our economy badly that I didn't, at the time, fully understand.
00:15:27.800 End quote.
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00:16:23.480 War Room, Pandemic, with Stephen K. Bannon.
00:16:29.420 The epidemic is a demon, and we cannot let this demon hide.
00:16:33.240 War Room, Pandemic.
00:16:35.400 Here's your host, Stephen K. Bannon.
00:16:40.480 Okay, we'll get to this later, but the Daily Mail, the largest paper in the world, and the largest website in the world, lead story, is something that we put up last night.
00:16:48.080 And I want to thank our team.
00:16:49.000 And they had an interview they put out last night about 10 o'clock with Joe Biden in the White House.
00:16:54.760 And I want you, from the East Room of the White House.
00:16:57.320 I'll get to it later in the second thing, but it's the lead story in the Daily Mail.
00:17:00.460 We're going to put it up on Getter and everywhere.
00:17:02.200 I want everybody to go check it out right now.
00:17:04.020 I can't even, you can't describe it.
00:17:06.280 You have to see it.
00:17:07.000 With all these crises going on, that Joe Biden would do this in the East Room of the White House and take time away to do this, is, I just let people weigh and measure it yourself.
00:17:18.100 Particularly when you go to the polls, where he's spending his time.
00:17:21.340 And the issues that he is thinking is the top-tier issues that a commander-in-chief and president of the United States and chief magistrate of this nation should be dealing with.
00:17:31.260 The Daily Mail, I think, agrees with us.
00:17:33.060 It deserves to be watched, viewed, and thought about by the citizens of this country.
00:17:40.000 Cortez, to Natalie's report now, they're obsessed with the, what is the obsession, because they're obsessed with vaxxing the small children in this nation, sir?
00:17:53.680 Right.
00:17:53.820 Well, and I would say the left is generally obsessed with abusing children, Steve, whether it's sexualizing them, having them attend totally inappropriate drag queen story hour, whether it's indoctrinating them in schools with leftist garbage, including highly sexualized content that's totally inappropriate for young children,
00:18:12.020 or forcing them to be injected with a vaccine that they do not need for a virus, which is not overwhelmingly harmful to them.
00:18:20.060 Okay?
00:18:20.360 So what's the agenda here, then?
00:18:21.540 Because none of it makes sense from a logical standpoint.
00:18:24.540 The agenda, I believe, Steve, is to subvert the power of parents.
00:18:28.560 It's to try to weaken the family.
00:18:30.200 Because the left knows that the family is the foundational building block of society.
00:18:34.920 And when we have strong, vibrant families, the statists and the leftists can never succeed.
00:18:41.280 So they are following here the playbook of the communists, the playbook of the woke communists, of the nihilists, and they are attacking the family.
00:18:48.040 And at every single turn, they are trying to subvert parental authority.
00:18:52.940 In this case, though, when it comes to the vax, is where I think they have probably gone too far, even for moderates, even for political folks who don't agree with us, or for people who aren't particularly political.
00:19:04.700 I really believe that the CDC just awakened a sleeping giant, and that is the mothers of America, who have already, again, they have voted with their decision, right?
00:19:14.540 They have already overwhelmingly rejected these injections for their children.
00:19:18.680 Only 3% have just chosen to get them for babies and toddlers.
00:19:23.020 Only 30% have gotten them for elementary school-age children.
00:19:26.720 They do not want these injections.
00:19:28.720 And yet, the CDC, in cahoots with tyrannical Democrat politicians like Pritzker and Hochul and Shapiro, if he were to get elected in Pennsylvania, and Whitmer in Michigan,
00:19:39.240 they will try to subvert parental authority and force children, you know, extend this general trend of abusing children and force children to get an injection that they may not want and that they certainly do not need.
00:19:52.800 In April and May of 2021, when I said, hey, the moms are going to stand up here, they're the key that's going to pick the lock on this revolt against Biden. 1.00
00:20:04.240 Remember, and Biden was still riding high at the time, was because Fauci had come out in that Associated Press interview,
00:20:10.400 the buried lead was how they wanted to get to the high school and middle school students by the fall.
00:20:15.380 And quote, he said, the children, we're going to have for the children by Christmas.
00:20:18.500 This is 2021. I said, no, I said, the mask in this vaccine mandate is going to, you're going to see a revolt of these mothers. 0.90
00:20:26.140 They're just not going to do this, not given the information.
00:20:28.540 And Natalie just showed you on her investigation of where they stand and actually trying to test this.
00:20:34.020 So let's put a pin in it. We're going to come back. This is a massive issue.
00:20:36.480 It's the third eye that Steve Cortez has been so brilliant to talk about the first two eyes, which were inflation and immigration.
00:20:43.060 Now we add the third eye injection.
00:20:45.140 I want to bring for a second John Bowes. He's a lieutenant in the United States Air Force, an F-16 student pilot.
00:20:54.160 John, and you're here in your personal capacity and you're going to tell your personal story.
00:20:57.760 This is not Air Force policy or anything to do with the chain of command.
00:21:02.060 Walk me through about, we got children on one hand, but talk me about the mandatory issues with members of the military, particularly pilots.
00:21:09.060 Well, thank you for having me on, Steve. And you're correct. My thoughts and opinions are my own.
00:21:14.080 And I don't represent the Department of Defense or the United States Air Force.
00:21:17.560 But the issue is severe now, especially for our national security.
00:21:21.660 And I think that's the one thing about these vaccine mandates that so many in politics and media aren't talking about,
00:21:27.200 which is the fact that these mandates are going to harm our national security.
00:21:30.780 For my personal story, I'm a fourth generation Air Force officer. Both my parents were pilots in the Air Force.
00:21:36.240 And I spent my entire life fighting to become a fighter pilot.
00:21:40.160 And I got there. But then I had to give it up because I requested just a religious accommodation.
00:21:45.140 They grounded me just for asking for an accommodation, not even refusing the vaccine.
00:21:49.180 And that's the case for a lot of pilots in the military.
00:21:51.220 And so as of right now, I'm tracking about 800 or so unvaccinated military pilots across the entire DOD and then another 80,000 unvaccinated service members across the entire DOD.
00:22:03.560 And in these tumultuous times that we're facing right now with tensions rising in Russia, China, Ukraine, we have the 101st Airborne in Romania.
00:22:10.740 This is not a time we can afford to lose a single service member, let alone 80,000.
00:22:16.140 And these pilots that are being grounded and are threatened to be kicked out, they're highly experienced pilots.
00:22:22.660 They're not like me as a junior officer. Most of these service members are an average of 14 years of service.
00:22:27.280 These are experienced aviators.
00:22:30.140 I just want to make sure we got the story right here.
00:22:33.760 You were grounded just when you went and before you said you refused to take it for religious grounds,
00:22:38.820 just when you went to put in the paper, put the accommodation for religious exemption, that alone, that fact alone, they grounded you?
00:22:51.740 Yes, that's correct.
00:22:52.680 And they grounded pretty much every student pilot that did that in the Air Force, at least.
00:22:57.660 And so it ended up being quite a few pilots.
00:22:59.720 And that's an issue.
00:23:01.220 These grounded pilots are an issue.
00:23:03.060 I'll give a good example.
00:23:04.140 Advanced Air Force Base, one of our major pilot training bases, we had 14 pilots, instructor pilots,
00:23:10.020 who are grounded right now at that base and can't further the mission.
00:23:14.420 And that's at a time when we are in a serious pilot shortage right now.
00:23:18.080 In 2017, the Chief of Staff of the Air Force said that a shortage of 1,500 pilots was a crisis,
00:23:23.140 and we've grown that crisis to 1,650 pilots.
00:23:26.300 So why on earth are we grounding perfectly capable, unvaccinated pilots who still have to show up at work every day, 1.00
00:23:32.760 who still have close contact with their peers?
00:23:34.960 At this point, it's hard to say it's about health and safety, and it's hard to say it makes any sense.
00:23:40.700 John, how do people find out more about your story?
00:23:43.100 Do you have a Facebook page or some way to find out more about this and more about the other pilots?
00:23:46.820 Because this is something that is not getting out there that the American people, the taxpayers, know about.
00:23:52.940 So how do people find out more about this?
00:23:55.460 Absolutely.
00:23:55.820 So I'm on Twitter and Truth Social at JohnABose3.
00:24:02.340 And are you putting up the information about this?
00:24:04.620 Because this is kind of, you know, when I talk to people about this story, they don't know anything about it.
00:24:09.380 Is that where the information is, is up on Twitter and Truth Social?
00:24:12.760 Absolutely.
00:24:13.300 I'll be sharing things like national security reports, vaccine injury reports, which are a big deal,
00:24:17.480 and other information and deep insider information on what exactly is happening to these thousands of service members in the DoD
00:24:24.100 who are unvaccinated and still facing forward.
00:24:28.340 Lieutenant Bose, thank you.
00:24:29.860 But real quickly, you say four-generated.
00:24:31.480 Walk through your mom and dad, your grandfather.
00:24:34.320 Just give us your lineage and the dedication, service to country, sir.
00:24:39.560 Sure thing.
00:24:40.200 So my great-grandfather was an Army officer.
00:24:43.840 My grandfather was an Air Force missile officer.
00:24:47.080 And this is all on my mother's side.
00:24:48.540 My mother was an instructor pilot in the United States Air Force, and my father was a fighter pilot in the United States Air Force.
00:24:54.400 You went to the academy?
00:24:57.140 I did, yes, sir.
00:24:58.780 Did your mom go to the academy?
00:25:01.380 She did.
00:25:03.560 Thank you, Lieutenant Bose.
00:25:05.300 We look forward to getting into your Twitter feed and having you back on here in a personal capacity.
00:25:09.520 Thank you, sir.
00:25:10.860 Thank you so much, Steve.
00:25:11.780 God bless.
00:25:14.760 Steve Cortez, they come after the best, don't they?
00:25:17.660 By the way, your statistic of the 30 percent, I want you to comment on this, but your statistic of the 30 percent, I'll bet you almost 100 percent of that or 90 percent of that or 95 percent of that was because they were in some situation that it was essentially forced on his mandate.
00:25:31.240 The kids couldn't.
00:25:32.580 This is one left.
00:25:34.560 Talk to me about it.
00:25:35.460 And by the way, Steve.
00:25:36.960 Yes, sir.
00:25:37.320 This is important, too, you know, that we not stand in judgment of people who were forced through circumstances who were compelled to do this.
00:25:44.260 As a matter of fact, I want to advocate most for those people, right, who were put in terrible, untenable positions.
00:25:50.060 And what the lieutenant said there is very important, again, to connect it back to these elections.
00:25:54.100 I've gotten some early pushback on my article from people saying, hey, you don't know that Pritzker and Hochul and Whitmer are going to do this.
00:26:00.920 And I respond, yes, I do.
00:26:02.840 If these leftists are willing to kick a hero out of the military, right, if they're willing to kick a warrior who puts his life on the line for the United States, if they're willing to kick him out of the military, you don't think for one second that they're willing to force a child to get this vaccine when they already took school away from the children, when they already took sports away from the children.
00:26:21.620 If anything, they're more apt to go after children.
00:26:25.160 Again, as we talked about previously, the left wants to target children.
00:26:28.540 It is actually a primary goal.
00:26:29.980 It's not ancillary to them.
00:26:31.600 So they are going to do this.
00:26:32.640 And by the way, too, these same people that I just mentioned, these same mayors and governors who are up for re-election, they have already fired thousands upon thousands of police officers, of firefighters, of teachers for not getting the vaccine.
00:26:45.240 Of course they are cruel and unscientific enough to go after children.
00:26:48.680 By the way, this shows you how they know how radioactive it is.
00:26:52.420 That's where they're jumping.
00:26:53.120 Well, you don't know that, right, because they know how radioactive this is.
00:26:56.480 I want to go back to Lieutenant Bose and the cops in New York and all that.
00:27:00.400 They're going after the best of the best, four generations, because the military is essentially made up of people that have served and families that have served.
00:27:08.760 And I'm not talking careers.
00:27:09.780 I'm talking about the base of it is the people that come in for the four to eight years, right?
00:27:14.300 But they're coming after the people that have families that have a record of service.
00:27:21.180 If they decide to stand up to them, they're going to break you, right?
00:27:24.320 Even somebody like as a Top Gun pilot or a potential Top Gun pilot.
00:27:29.020 Cortez, go ahead, sir.
00:27:31.320 Hit me.
00:27:31.500 And, Steve, listen, I think every American, unfortunately, should feel a lot less safe knowing what we just heard from the lieutenant, right?
00:27:38.380 Knowing that our most capable warriors are being sidelined.
00:27:41.760 It's an incredibly precarious time in the world right now regarding national security.
00:27:45.700 I would argue probably the most dangerous setup since perhaps the Cuban Missile Crisis for the United States.
00:27:51.280 And yet, what is our military focused on?
00:27:53.360 It's focused on a purge of people who chose for valid reasons to not get a shot.
00:27:58.540 Insanity.
00:27:59.100 Okay, we have two more eyes to go in this hour.
00:28:03.460 Inflation and capital markets in the economy and immigration.
00:28:06.800 Stick around.
00:28:08.100 The War Room is about to get you up to speed on the math and the facts.
00:28:12.100 You make the decisions next in the War Room.
00:28:14.000 One of the things I want to talk to you about specifically is this conversation that I just had about inflation.
00:28:30.320 I do not want to belittle anybody's experience with inflation.
00:28:34.540 We are all feeling it.
00:28:35.800 We are feeling it in our daily lives.
00:28:37.800 It is real.
00:28:38.680 But it has been transformed into something that Republicans, in particular running for Congress, are blaming Joe Biden and Democrats for specifically when, in fact, there is no economic evidence or mathematical evidence or any other kind of evidence that that's actually true.
00:28:52.920 Okay, he puts himself up as an economics guy.
00:28:58.200 He does no difference between preferred stock and livestock.
00:29:01.680 Okay, this guy is a clown.
00:29:04.320 Always been a clown.
00:29:06.000 And we love pulling this stuff because it's over the top.
00:29:08.380 Steve Cortez, their new mantra, by the way, everybody understands the pivot.
00:29:12.640 It's the world's got inflation.
00:29:14.480 It's all Putin.
00:29:15.620 It's the world's inflation.
00:29:16.800 In fact, we're the best.
00:29:18.320 He later does a chart.
00:29:20.020 We're actually the best performing.
00:29:22.900 Utter, total nonsense, Steve Cortez.
00:29:25.820 Yes, 100%.
00:29:26.760 First of all, regarding Ali Belshi, the messenger there, I guess somebody in his New York newsroom told him, hey, if you're going out to the hinterlands, I think he was in Detroit there, you're going to the middle of America, put on a sort of cowboy-looking hat.
00:29:37.240 That'll make you connect with the people.
00:29:39.140 And later in that clip, he had the gall to say he said, I think the exact quote was he said, I'm an economics guy or I'm a finance guy, which caused me to look up his bio.
00:29:47.340 I said, huh, is he?
00:29:48.500 Okay, looked back.
00:29:49.520 He got his degree up in Canada.
00:29:51.420 He got his degree in religious studies.
00:29:53.080 He then went to work for a Democrat congressman in Washington, D.C., and he then went to media and has worked in media ever since.
00:30:00.780 And, yes, at CNN, he had a business show.
00:30:02.720 But the idea that he's an economics guy, he has never worked.
00:30:06.180 He's never worked in banking.
00:30:07.280 He's never worked in finance.
00:30:08.360 He doesn't have an economics degree.
00:30:10.000 Okay, it's an absurdity.
00:30:11.900 Religious studies is always a good background for finance and economics, always a great background.
00:30:16.000 Yeah, exactly.
00:30:17.300 So, no, listen, he's a clown of a messenger and trying to deliver a message that just can't resonate.
00:30:22.300 Because here's the thing.
00:30:23.440 You can maybe successfully spin people on certain issues, right?
00:30:26.960 You might be able to fool people through consistent corporate media narrative and propaganda.
00:30:31.780 But when it comes to inflation, when it comes to the actual pocketbooks, to the bank accounts of people, they are unspinnable.
00:30:37.820 Because they know the reality of them cringing when they put the credit card in to the machine at the gas pump.
00:30:44.720 They know the reality of having to make really hard choices that they have never made before or they at least haven't made in many decades about whether or not they buy new shoes for their child or whether or not they can afford the plane ticket with airline inflation at an all-time high.
00:30:58.840 Can they afford the plane ticket to go and visit their elderly parents? 0.95
00:31:01.480 These are the kinds of kitchen table tangible realities that Americans are grappling with right now.
00:31:07.460 And at the same time, normally, Steve, when you do have hot inflation, it's because you have a hot economy, okay?
00:31:13.280 So there's some give and take there.
00:31:14.960 There's no give and take now.
00:31:16.480 Americans are taking it with both barrels.
00:31:18.220 Why?
00:31:18.520 Because we have incredibly hot, historic inflation.
00:31:21.320 At the same time, we have an economy that is absolutely crashing into the ditch.
00:31:25.300 And not my opinion.
00:31:26.520 That's what the numbers tell us, including some new numbers out today that I think we'll talk about.
00:31:31.480 Yeah, by the way, I want to talk about also the global capital markets aspect of it.
00:31:35.740 Obviously, Xi, and we'll cover a lot of this over the next couple of days, was named emperor over the weekend.
00:31:41.320 Absolutely brutal takedown of the previous faction or regime on nationality on global television, which was absolutely brutal.
00:31:49.200 Also, we kind of agreed that he took Hong Kong, right?
00:31:52.320 So the Czechoslovakia.
00:31:53.280 That's why I said when you said Cuban Missile Crisis, I realized right now with Petraeus saying the 82nd Airborne has been forward deployed, or elements of the 82nd Airborne have been forward deployed to Romania.
00:32:05.140 And Petraeus is on these talk shows saying, yeah, this won't be a NATO because there's no Article 5 here.
00:32:09.580 But what we're going to do is have a multilateral force led by the United States to go into Ukraine.
00:32:14.240 They're thinking inside the Pentagon in the National Security Council right now of combat troops, of not just advisors, but combat troops into Ukraine.
00:32:23.180 You've got the situation, by the way, Sunak just named, he's going to be named prime minister of the United Kingdom.
00:32:30.220 Boris Johnson's ridiculous overplay of this thing didn't go anywhere.
00:32:34.560 Capital markets are making decisions there.
00:32:36.260 You've got a sovereign debt crisis. Capital markets are going to start making decisions here on the Biden regime.
00:32:42.960 So give us your assessment.
00:32:43.960 Right now, it's a world on fire.
00:32:45.940 And I think, Steve, as bad as the Cuban Missile Crisis was, particularly about nuclear weapons in the post-World War II modern age, I think we're like in 1937-38.
00:32:55.940 This is the Dark Valley, and we're hurtling towards something that's going to spin out of control because of the escalatory nature of the illegitimate regime that is in the White House right now.
00:33:06.100 Steve Cortez.
00:33:07.480 Yes, listen, I think you're exactly correct.
00:33:09.500 It is, in fact, you know, I said it was at least as dangerous as Cuban Missile.
00:33:12.480 I think you're probably right that it's, in fact, more dangerous right now.
00:33:16.140 Because what you have right now are on both flanks of the United States.
00:33:20.480 To the Atlantic side, right, we have needlessly escalated what should be a regional conflict that's pretty immaterial to the United States.
00:33:27.200 But we have decided, along with NATO, along with Brussels and Davos, to escalate that regional conflict into a global conflagration, one that has dire economic fallout.
00:33:37.580 And then at the same time, on the other flank of the United States, and we're increasingly a Pacific nation, we have China incredibly unstable.
00:33:44.660 Unstable, obviously, politically, as we saw over the weekend, and also unstable, the capital markets are reflecting this, unstable economically.
00:33:51.800 Right now, as we speak, Steve, FXI, which is the ticker for the American-traded version of the Chinese stock market.
00:33:58.460 It's an ETF, an exchange-traded fund that groups all the big Chinese and Hong Kong stocks together in one basket.
00:34:04.160 Okay, FXI is down 11% for the day right now, this morning.
00:34:09.760 Hong Kong shares overnight were down 6%.
00:34:12.640 So we have global capital markets, which are reflecting the tumult in the geopolitical and geostrategic realm.
00:34:20.240 This is a world that is as volatile, I think you're right, it's as volatile as it has been in almost 100 years.
00:34:25.580 And at that same time, amidst this volatility, amidst all of these dangers that we face at home and abroad, these created crises of Joe Biden, who is at the helm?
00:34:35.160 It is a feckless, doddering fool who believes that he should be catering to transgenders, that that's the issue that he should be focused on right now. 1.00
00:34:43.600 Steve, it reminded me, watching that interview of Joe Biden last night, and I did watch it, it reminded me of the Hunger Games.
00:34:50.620 And what I mean by that is, our Washington, D.C. cabal, it acts far too much like the Capitol in the Hunger Games.
00:34:57.320 It is full of decadence and a bunch of disconnected dilettantes who have no idea what we in the districts are dealing with.
00:35:05.620 But they also have no idea, Steve, what is building, that the political revolt has already started, and that it's gaining steam, and that their days are numbered.
00:35:14.320 So things are incredibly dangerous, and we need to be aware of that.
00:35:17.420 At the same time, Steve, I think there's valid reason to be really hopeful that we are just days away from changing the trajectory, both in terms of foreign policy, that we're going to return to realism and restraint, and regarding economic policy, that we're going to start the process of fixing this inflationary mess that has been caused by Biden and the Democrats.
00:35:36.460 We're going to go to your chart right now, some economics, but I want to just back this up with that.
00:35:41.240 You know, Axios is the Mike Allen tip sheet for Insider DC.
00:35:45.620 It's the power place that people go to get what's really the story.
00:35:49.420 And every story they put up has a narrative backup to it.
00:35:53.240 On my situation on Friday, what they put up over the weekend was how we were talking about impeaching Ray and Garland.
00:36:01.080 And that was pretty shocking that Axios put that up as the main takeaway from Friday, my throwdown on those guys, which I've been doing it for a while.
00:36:08.160 And I put it up on Getter.
00:36:09.440 On the 8th of November, when we destroy the Democratic Party as a national political institution and really end the regime, the hunted become the hunters.
00:36:19.120 The hunted become the hunters.
00:36:21.040 So, and you heard Natalie at the top, the whole Fauci family is going to be welcome to the investigations, the entire family.
00:36:29.400 Remember, War Room was taken off Twitter because of comments I made about, wait for it, Christopher Ray and Anthony Fauci, that their day was coming.
00:36:36.860 They took us down, they took the War Room account, I've never been on Twitter, they took the War Room account on Twitter.
00:36:41.600 Paybacks across the border and all that, big moves on big tech.
00:36:45.340 There are going to be big moves against all this malfeasance that's been going on in this apparatus.
00:36:50.400 Steve, walk us through, you've done some analysis over the weekend.
00:36:53.460 Walk us through our current situation, sir.
00:36:56.560 Yeah, so listen, let's talk about how bad things are.
00:36:58.880 And first of all, let's talk about the news that was breaking just as we came to show today, to air.
00:37:03.880 The PMI report came out, the Purchasing Managers Index.
00:37:07.240 So this is literally a survey of the people who do the purchasing for business, for factories, for software firms, both on the manufacturing and the services side.
00:37:15.440 So it's an incredibly valuable, forward-looking indicator.
00:37:18.840 It's also one of the few indices that is done around the world in basically the same methodology.
00:37:23.960 So I don't have a chart on this one yet.
00:37:25.200 I do have a couple charts to show, but I couldn't get a chart on this because it literally came out as we were coming to air.
00:37:29.700 But manufacturing PMI for the United States, unfortunately, is now below 50.
00:37:35.920 This is a diffusion index, so above 50 means expansion, below 50 means contraction.
00:37:41.140 Other than the spring of 2020 lockdowns, Steve, it has not been below 50 in the last decade.
00:37:48.200 It came in at 49.9 expectations, where 51.8 manufacturing PMI in the United States, the Biden recession intensifies.
00:37:58.100 So that's the newest news.
00:37:59.640 But let's look at some more big-picture news.
00:38:01.280 And if we can go to chart one, I want to talk about personal savings because there is an absolute collapse in personal savings in this country.
00:38:08.920 Now, that is personal savings in dollar terms, and that chart goes back five years.
00:38:13.400 If we look at personal savings in dollar terms, you can see that during the lockdowns, there was a very unnatural spike in savings because it was, frankly, difficult for people to spend money as they were locked at their homes.
00:38:23.540 You know, other than a few items, things like Netflix, they simply couldn't spend much and didn't spend much.
00:38:28.580 So that's a very unnatural rise.
00:38:30.540 But what I really want you to pay attention to is the upward slope before then, where savings were rising materially under Donald Trump because of the prosperity that he created during the Trump boom, and then what has happened since.
00:38:42.120 So, in other words, if you sort of take out the very unnatural leap in savings and look at the pre-pandemic trajectory and then look at what's happening right now, the unfortunate reality is, according to Fed data, at the peak there, there were $4.8 trillion in savings in the United States.
00:38:58.960 We are all the way down to $628 billion, from $4.8 trillion to $628 billion, okay, so roughly 10% of where we were at the highs.
00:39:13.080 And to put that in comparison, pre-pandemic, so again, let's take out the unnatural part, pre-pandemic, we were at $1.4 trillion.
00:39:20.600 So we had less than half of the savings that we had before the pandemic started, okay, that is the reality.
00:39:26.520 Let's also look at the savings rate.
00:39:28.180 If we can go to chart number two, this isn't in dollar terms, but this is the savings rate.
00:39:31.960 And that chart goes back 10 years.
00:39:34.100 We are on a savings rate, Steve, we are all the way down now to only 3.5%.
00:39:39.120 If you look back historically, the savings rate in the United States has almost always been above 5%, almost always.
00:39:46.720 Much of American history has been above 10%.
00:39:48.840 We are now all the way down to 3.5%.
00:39:52.400 And here's the reality, Steve.
00:39:53.860 What that chart shows you, okay, numerically, price doesn't lie, data doesn't lie when it's done correctly.
00:39:59.540 What that chart shows you is that there is no wiggle room for American citizens right now.
00:40:05.400 American workers have been utterly crushed.
00:40:08.020 They have depleted their savings.
00:40:09.580 And for working and lower income folks, where have they gone? 0.89
00:40:12.340 They've gone to credit card borrowing to try to finance, to deal with this Biden inflation explosion.
00:40:19.240 This is an economy, Steve.
00:40:20.580 Forget about arguing whether or not we're in recession.
00:40:22.500 This is an economy that is on the edge of depression, okay?
00:40:26.440 That is the reality right now in America.
00:40:29.160 These are the consequences of the leftist policies of Joe Biden attacking American energy, exorbitant borrowing and spending, and then a needless escalation of the war in Ukraine.
00:40:39.520 Those three factors put together have created an inflation explosion in the United States.
00:40:44.080 And, by the way, yes, in the rest of the world.
00:40:46.120 But guess what, Steve?
00:40:47.180 Biden's not off the hook for that inflation either because a lot of that is derived from Ukraine, which, again, he needlessly instigated and escalated.
00:40:54.700 So the charts show us, unfortunately, the data we got out today, the more macro data about savings show us that the American consumer is in a terrible spot.
00:41:03.620 I used to say that we were going to have the worst economy since the 1970s.
00:41:06.680 Steve, I no longer say that.
00:41:07.860 This is far worse than the 70s.
00:41:09.420 It's worse than 08, 09.
00:41:10.840 This is the worst economy since the Great Depression.
00:41:12.920 But I want to encourage people out there, it's time to take action, okay?
00:41:16.580 And we can start fixing this.
00:41:18.080 It won't be easy, but we can.
00:41:19.660 And I also want to warn people, if we don't, we are one or two policy mistakes away from grace of wrath era.
00:41:27.100 That's the reality.
00:41:28.860 No, it's 100%.
00:41:30.440 You saw in the UK, the capital market responded immediately when they almost blew up their pension funds unknowingly.
00:41:36.600 This is the problem we're in right now.
00:41:38.140 So you're one or two policy moves away from going from managed decline to actually, we're beginning the free fall.
00:41:46.560 And all this happy talk, they come out with the strength of the consumer.
00:41:49.200 They don't look at second or third order, the massive rise of credit card debt that's now going to explode because of interest rates.
00:41:55.440 I mean, the difficulty in paying it off and also the complete drop in savings, basically the cash cushion.
00:42:03.840 Okay, short commercial break.
00:42:04.840 Cortez will be with us.
00:42:05.780 Todd Bensman.
00:42:06.500 And we're going to get to the third eye, I guess the old number two eye, immigration. 0.98
00:42:12.580 At 11 o'clock at night on Friday, they dumped the worst numbers in the history of this country.
00:42:17.420 Next.
00:42:23.020 Americans are discovering that if we want to change this nation, we have to change the way the marketplace works.
00:42:30.280 Look, woke corporations are seeking to divide us. 0.94
00:42:32.360 Big banks are freezing the accounts of people who disagree with their political views.
00:42:37.180 And our supply chain is dependent upon countries that actively work against our values, like the Chinese Communist Party.
00:42:44.180 It's time for a change.
00:42:45.800 And that change starts with you and your wallet.
00:42:47.960 That's why I'm proud to partner with Public SQ, the largest network of patriotic, freedom-loving businesses and consumers our nation has ever seen.
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00:43:17.880 There's also interactive, sensor-free community groups where you can connect with other local members.
00:43:23.120 And here's the best part of it.
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00:43:37.620 Download the app today, Public SQ.
00:43:40.280 That's Public SQ, Public SQ.
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00:43:45.880 Take action.
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00:43:48.220 Better has arrived.
00:43:49.860 The new social media taking on big tech.
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00:43:57.740 Join the marketplace of ideas.
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00:44:17.800 Patriots, let's talk renters and politics because renters are bearing the brunt of Joe Biden's created inflation crisis.
00:44:24.600 Now, demographically, they are statistically younger and more working class.
00:44:29.600 And as such, key components of the emerging America First movement of patriotic populism.
00:44:35.720 Now, historically, they haven't voted at nearly the rate that homeowners do.
00:44:39.340 But I believe that's about to change because of this intense economic pain.
00:44:43.120 And let's get to that reality in a chalk talk that is brought to you by Getter.
00:44:46.820 Median apartment rent in America just crossed $2,000 per month for the first time ever.
00:44:52.840 In a recent survey from Morning Consult, two-thirds of American renters report that their rent, their monthly payment, has gone up in the last year.
00:45:00.860 And consequently, one out of six renters say they're delinquent right now, one out of five minority renters.
00:45:07.280 Regarding the politics, too, this situation is even worse in key swing states like Nevada and Arizona, where those major metro areas show 34% rent increases year over year.
00:45:18.940 Patriots, we can stop this madness starting on November 8th.
00:45:22.860 For Hispanic and African Americans, when 20% are behind, you throw these bums out. 1.00
00:45:33.220 One-sixth and one-fifth, these are unbelievable numbers, Cortez.
00:45:38.800 This is like you have a managed decline.
00:45:41.980 This is where the free fall starts.
00:45:43.840 You add this to repos.
00:45:45.400 You add this to late on credit cards.
00:45:47.860 Pete, the working class in this country, the underclass is barely hanging on by a thread. 1.00
00:45:52.980 And the people that they still want them to vote for are crushing them economically.
00:45:58.480 Steve Cortez.
00:45:59.740 Correct.
00:46:00.100 And there's an awakening among those very people.
00:46:02.460 So I think this is a key component, as terrible as the news is, this is a key component of continuing to broaden our coalition.
00:46:09.200 Groups that formerly either weren't political or, if they were, they aligned with the Democrat Party.
00:46:14.000 The Democrat Party is crushing them, crushing their prosperity.
00:46:17.160 When you have one in six renters in America who are delinquent right now, when we are facing what Bloomberg described as a, quote, tsunami of shutoffs when it comes to utilities, when you turn off the power, when you repo the car, when you get an eviction notice, Steve, we're not just talking about bad times economically.
00:46:33.680 It certainly is that.
00:46:34.960 It could be more than that.
00:46:36.080 We could actually devolve into social instability in this country.
00:46:40.160 That is the reality.
00:46:41.120 So, you know, again, forget about this ridiculous talk about debating whether or not we're in a recession.
00:46:45.320 When one in five minorities is behind on their rent right now in this country, we are in a deep recession, teetering on a depression.
00:46:53.000 OK, that is the economic reality people are facing right now.
00:46:56.220 But I believe, again, that it's going to be the motivating, motivating force to compel them to get to the polls and to start fixing this madness.
00:47:05.700 We can't fix it.
00:47:06.360 And again, on the international front, you know, I mentioned previously that China is really flailing as far as capital markets today, and it certainly is.
00:47:13.680 Right now, FXI, which is the ticker for the most liquid U.S.-traded version of the country of China, it is down 11 percent right now.
00:47:21.100 Taiwan Semiconductor, which we've talked about before on the show, in some ways, I think TSM is the most important company in the world.
00:47:28.120 It is down over 5 percent right now.
00:47:31.200 But lest anybody think that, oh, we're immune to that, that's China's problem or it's just tech's problem.
00:47:36.560 The retail sector of American retailers, the XRT, down a percent on the day right now.
00:47:41.740 And perhaps the worst news of all that I can mention capital markets-wise, Steve, is given that volatility, normally what you would see is money pouring into bonds and bond prices go up and then bond yields go down.
00:47:53.140 Instead, the opposite is happening today.
00:47:54.800 And your treasury yield right now, as we speak, 4.26 remains at decade plus highs on treasury yield.
00:48:02.240 So investors getting crushed, getting crushed on their bonds, crushed on their stocks.
00:48:06.240 But even more importantly than that, Main Street getting crushed.
00:48:09.340 Renters simply cannot afford these rent increases, and they're going to properly blame Joe Biden.
00:48:16.660 By the way, let me give you some geostrategic advice, Jake Sullivan.
00:48:21.040 Why don't you deploy, take him out of Romania and let's deploy the 101st Airborne to, wait for it, Taiwan.
00:48:26.620 How about that?
00:48:27.420 Let's do that to make sure we can keep the chips. 0.99
00:48:32.460 I tell you what, Steve, one of the reasons the working class and the working poor are getting crushed is they're flooding the zone with illegal alien labor. 1.00
00:48:39.960 Let's bring in Todd Benzman.
00:48:41.560 Todd, 11 p.m. on Friday night, they dumped the worst set of numbers, I think, in American history.
00:48:48.720 Why did they wait till 11 p.m., sir?
00:48:50.420 Oh, man, that's just classic spin control.
00:48:55.360 That goes way back to, hey, let's issue some bad news on a day when all the reporters are home.
00:49:03.300 But look, I mean, nowadays it's a 24-hour cycle, and here we are on Monday, fresh.
00:49:09.320 We'll be talking about this all week long.
00:49:11.960 We're looking at about a brand-new record.
00:49:15.500 Every month is a brand-new record, 2.378 million for the fiscal year.
00:49:22.620 That's 500,000 more than the last fiscal year, the first year of the Biden administration, which broke a new national record at that time of 1.7 million.
00:49:35.540 And it used to be that 500,000 or much less was like the typical annual number, which is high.
00:49:43.700 I mean, you know, nobody – but now we're looking at, boy, we wish we could return to the good old days of a half a million a year.
00:49:50.740 Listen, these numbers are absolutely historic in nature.
00:49:56.140 I say this all the time, beyond the U.S. experience, in addition to those encounters, those apprehensions at the border, we have 1 million more gotaways.
00:50:09.200 And then beyond that, we have an estimated million more unknown gotaways, presumed gotaways.
00:50:16.680 I mean, this thing is just fantastical what's happening.
00:50:19.260 And yet the administration went on all the Sunday morning news shows saying the border was secure.
00:50:25.520 I mean, we are just like in weird upside-down times.
00:50:29.620 Orwellian.
00:50:30.360 Absolutely Orwellian.
00:50:31.700 No, no, no.
00:50:32.580 They'll look you in the eye.
00:50:33.540 It's deeper.
00:50:34.080 They'll look you right in the eye and lie to you.
00:50:36.380 They'll look you right in the eye and lie to you.
00:50:38.380 Just give me the – if you aggregate that, Cortez, I just need you for a few minutes on the other side.
00:50:42.140 Now you've got to bounce, but I've just got to ask you.
00:50:43.860 I've got to get your thoughts.
00:50:45.320 But, Benzman, just do some simple math for me.
00:50:47.640 If you aggregate all that up, the gotaways in both years, we're at like your number that you told us.
00:50:53.100 Aren't we like close to 8 million?
00:50:54.780 Isn't it 8 million when you add it all up?
00:50:57.680 Well, we know that the administration just through June of this year let 1.4 million in on parole.
00:51:06.600 Then you add another million to that of gotaways, so you're at 2.5 million.
00:51:12.920 And then probably another million unknown gotaways because those are always a low number.
00:51:21.180 And that's just who are inside the country.
00:51:25.440 We are now –
00:51:26.200 Hang on.
00:51:26.720 Short break.
00:51:28.640 Let's take a short commercial break.
00:51:30.520 90 seconds.
00:51:31.700 We're back.
00:51:32.180 We're absolutely jam-packed in the second hour of not just about get out the vote, but what you're going to do to secure your vote so they can't steal it.
00:51:41.120 Not that they would ever think of that, of course.
00:51:43.480 Short break.
00:51:44.080 Back in the room in a moment.
00:51:45.640 Let's take down the CC.
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