00:06:30.520Democrat politicians, and particularly pro-mandate, pro-lockdown Democrat governors across America,
00:06:37.120we know very well that they are going to take, as a rote directive, whatever Fauci and the CDC say,
00:06:44.920and they're going to use that CDC directive and that approval as cover to force vaccinations upon every single child in their jurisdiction,
00:08:06.280But the CDC, right, got right in the face of parents and said, no, it is going to be part of the schedule.
00:08:11.960And here's the thing, to connect it back to the politics.
00:08:14.680Believe me, governors like Pritzker and Hochul and Whitmer, and there are others,
00:08:18.900Shapiro, 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.
00:08:34.060And politically, Steve, in terms of broadening the coalition, guess what?
00:08:37.520A lot of moms who may not agree with us on everything, may not call themselves America first or conservative or nationalist.
00:08:43.340A 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.
00:09:31.180They understand what we're talking about right here.
00:09:33.780And I think they know what a quandary they've been put in by this CDC decision.
00:09:38.960And listen, in these closing days, again, we have an issue set that is broad.
00:09:42.860And we have a lot to talk about between the three I's, between inflation, immigration, and now injections for children.
00:09:48.560But I believe this third I is going to be the most consequential.
00:09:52.100And 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.
00:10:02.180Places like the governorship in Oregon, in Illinois, in New York.
00:10:05.720It's going to, I think, put Mastriano over the top in Pennsylvania.
00:10:11.340I think that's where it's most relevant.
00:10:13.160But 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.
00:10:25.640Because the CDC is absolutely out of control.
00:10:28.300It has lost the trust of the American people.
00:10:36.760No, 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.
00:10:44.900In Connecticut, those two seats, the house seats are in play.
00:10:48.060It's because the moms in these Connecticut suburbs are revolting against this.
00:11:17.020It's been a little shaggy since Liz Harrington left.
00:11:20.460Liz Harrington left to go work for President Trump as head of strategic communications, gosh, about a year ago, a year and a half ago.
00:11:26.420And 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.
00:11:36.520We're also going to announce some other co-hosts to help us out.
00:11:39.620But she's taking on a big responsibility.
00:12:04.660But 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.
00:12:12.420Not 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,
00:12:23.360but 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.
00:12:38.740She 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,
00:12:51.680are subjected to COVID-19 vaccine trials before they actually established any form of safety or efficacy in adults.
00:13:00.300That's right. They want to put children on the front line before they do adults.
00:13:03.980So 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.
00:13:19.640And 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.
00:13:41.860So 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.
00:13:51.040By 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.
00:13:56.500What is the obsession with CDC and big pharma about the obsession of injecting children, ma'am?
00:14:03.060I 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.
00:14:17.300They say trust the experts, but in reality, these experts are people who are just power hungry.
00:14:22.240They don't care about your kids, and that's why they want to inject the arms of as many children as they can.
00:14:28.440Okay, Natalie Winters, Steve Cortez is going to join us after the break.
00:14:35.000It looks like the China FTSE is down 8% right now.
00:14:41.260Another very choppy, choppy day in global capital markets.
00:14:45.680We'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.
00:14:52.900We will fight till they're all gone. We rejoice when the low war. Let's take down.
00:14:58.440You know what's never good? When your nation's supposed authority on economic policy completely misses the flashing red lights of impending inflation.
00:15:10.300Now, Treasury Secretary Janet Yellen has finally admitted, quote,
00:15:13.940There'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.
00:16:40.480Okay, 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.
00:17:07.000With 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.
00:17:18.100Particularly when you go to the polls, where he's spending his time.
00:17:21.340And 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.
00:17:31.260The Daily Mail, I think, agrees with us.
00:17:33.060It deserves to be watched, viewed, and thought about by the citizens of this country.
00:17:40.000Cortez, 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?
00:17:53.820Well, 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,
00:18:12.020or forcing them to be injected with a vaccine that they do not need for a virus, which is not overwhelmingly harmful to them.
00:18:30.200Because the left knows that the family is the foundational building block of society.
00:18:34.920And when we have strong, vibrant families, the statists and the leftists can never succeed.
00:18:41.280So they are following here the playbook of the communists, the playbook of the woke communists, of the nihilists, and they are attacking the family.
00:18:48.040And at every single turn, they are trying to subvert parental authority.
00:18:52.940In 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.
00:19:04.700I 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?
00:19:14.540They have already overwhelmingly rejected these injections for their children.
00:19:18.680Only 3% have just chosen to get them for babies and toddlers.
00:19:23.020Only 30% have gotten them for elementary school-age children.
00:19:28.720And 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,
00:19:39.240they 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.
00:19:52.800In 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.
00:20:04.240Remember, and Biden was still riding high at the time, was because Fauci had come out in that Associated Press interview,
00:20:10.400the buried lead was how they wanted to get to the high school and middle school students by the fall.
00:20:15.380And quote, he said, the children, we're going to have for the children by Christmas.
00:20:18.500This 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.
00:20:26.140They're just not going to do this, not given the information.
00:20:28.540And Natalie just showed you on her investigation of where they stand and actually trying to test this.
00:20:34.020So let's put a pin in it. We're going to come back. This is a massive issue.
00:20:36.480It's the third eye that Steve Cortez has been so brilliant to talk about the first two eyes, which were inflation and immigration.
00:20:45.140I want to bring for a second John Bowes. He's a lieutenant in the United States Air Force, an F-16 student pilot.
00:20:54.160John, and you're here in your personal capacity and you're going to tell your personal story.
00:20:57.760This is not Air Force policy or anything to do with the chain of command.
00:21:02.060Walk me through about, we got children on one hand, but talk me about the mandatory issues with members of the military, particularly pilots.
00:21:09.060Well, thank you for having me on, Steve. And you're correct. My thoughts and opinions are my own.
00:21:14.080And I don't represent the Department of Defense or the United States Air Force.
00:21:17.560But the issue is severe now, especially for our national security.
00:21:21.660And I think that's the one thing about these vaccine mandates that so many in politics and media aren't talking about,
00:21:27.200which is the fact that these mandates are going to harm our national security.
00:21:30.780For my personal story, I'm a fourth generation Air Force officer. Both my parents were pilots in the Air Force.
00:21:36.240And I spent my entire life fighting to become a fighter pilot.
00:21:40.160And I got there. But then I had to give it up because I requested just a religious accommodation.
00:21:45.140They grounded me just for asking for an accommodation, not even refusing the vaccine.
00:21:49.180And that's the case for a lot of pilots in the military.
00:21:51.220And 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.
00:22:03.560And in these tumultuous times that we're facing right now with tensions rising in Russia, China, Ukraine, we have the 101st Airborne in Romania.
00:22:10.740This is not a time we can afford to lose a single service member, let alone 80,000.
00:22:16.140And these pilots that are being grounded and are threatened to be kicked out, they're highly experienced pilots.
00:22:22.660They're not like me as a junior officer. Most of these service members are an average of 14 years of service.
00:25:14.760Steve Cortez, they come after the best, don't they?
00:25:17.660By 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.
00:25:37.320This is important, too, you know, that we not stand in judgment of people who were forced through circumstances who were compelled to do this.
00:25:44.260As a matter of fact, I want to advocate most for those people, right, who were put in terrible, untenable positions.
00:25:50.060And what the lieutenant said there is very important, again, to connect it back to these elections.
00:25:54.100I'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.
00:26:02.840If 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.
00:26:21.620If anything, they're more apt to go after children.
00:26:25.160Again, as we talked about previously, the left wants to target children.
00:26:32.640And 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.
00:26:45.240Of course they are cruel and unscientific enough to go after children.
00:26:48.680By the way, this shows you how they know how radioactive it is.
00:26:53.120Well, you don't know that, right, because they know how radioactive this is.
00:26:56.480I want to go back to Lieutenant Bose and the cops in New York and all that.
00:27:00.400They'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.
00:27:31.500And, Steve, listen, I think every American, unfortunately, should feel a lot less safe knowing what we just heard from the lieutenant, right?
00:27:38.380Knowing that our most capable warriors are being sidelined.
00:27:41.760It's an incredibly precarious time in the world right now regarding national security.
00:27:45.700I would argue probably the most dangerous setup since perhaps the Cuban Missile Crisis for the United States.
00:27:51.280And yet, what is our military focused on?
00:27:53.360It's focused on a purge of people who chose for valid reasons to not get a shot.
00:28:38.680But 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.
00:28:52.920Okay, he puts himself up as an economics guy.
00:28:58.200He does no difference between preferred stock and livestock.
00:29:26.760First 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.
00:29:37.240That'll make you connect with the people.
00:29:39.140And 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.
00:30:23.440You can maybe successfully spin people on certain issues, right?
00:30:26.960You might be able to fool people through consistent corporate media narrative and propaganda.
00:30:31.780But when it comes to inflation, when it comes to the actual pocketbooks, to the bank accounts of people, they are unspinnable.
00:30:37.820Because they know the reality of them cringing when they put the credit card in to the machine at the gas pump.
00:30:44.720They 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.
00:30:58.840Can they afford the plane ticket to go and visit their elderly parents?
00:31:01.480These are the kinds of kitchen table tangible realities that Americans are grappling with right now.
00:31:07.460And at the same time, normally, Steve, when you do have hot inflation, it's because you have a hot economy, okay?
00:31:53.280That'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.
00:32:05.140And Petraeus is on these talk shows saying, yeah, this won't be a NATO because there's no Article 5 here.
00:32:09.580But what we're going to do is have a multilateral force led by the United States to go into Ukraine.
00:32:14.240They're thinking inside the Pentagon in the National Security Council right now of combat troops, of not just advisors, but combat troops into Ukraine.
00:32:23.180You've got the situation, by the way, Sunak just named, he's going to be named prime minister of the United Kingdom.
00:32:30.220Boris Johnson's ridiculous overplay of this thing didn't go anywhere.
00:32:34.560Capital markets are making decisions there.
00:32:36.260You've got a sovereign debt crisis. Capital markets are going to start making decisions here on the Biden regime.
00:32:45.940And 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.
00:32:55.940This 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.
00:33:07.480Yes, listen, I think you're exactly correct.
00:33:09.500It is, in fact, you know, I said it was at least as dangerous as Cuban Missile.
00:33:12.480I think you're probably right that it's, in fact, more dangerous right now.
00:33:16.140Because what you have right now are on both flanks of the United States.
00:33:20.480To the Atlantic side, right, we have needlessly escalated what should be a regional conflict that's pretty immaterial to the United States.
00:33:27.200But 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.
00:33:37.580And 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.
00:33:44.660Unstable, obviously, politically, as we saw over the weekend, and also unstable, the capital markets are reflecting this, unstable economically.
00:33:51.800Right now, as we speak, Steve, FXI, which is the ticker for the American-traded version of the Chinese stock market.
00:33:58.460It's an ETF, an exchange-traded fund that groups all the big Chinese and Hong Kong stocks together in one basket.
00:34:04.160Okay, FXI is down 11% for the day right now, this morning.
00:34:09.760Hong Kong shares overnight were down 6%.
00:34:12.640So we have global capital markets, which are reflecting the tumult in the geopolitical and geostrategic realm.
00:34:20.240This is a world that is as volatile, I think you're right, it's as volatile as it has been in almost 100 years.
00:34:25.580And 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?
00:34:35.160It 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.
00:34:43.600Steve, it reminded me, watching that interview of Joe Biden last night, and I did watch it, it reminded me of the Hunger Games.
00:34:50.620And what I mean by that is, our Washington, D.C. cabal, it acts far too much like the Capitol in the Hunger Games.
00:34:57.320It is full of decadence and a bunch of disconnected dilettantes who have no idea what we in the districts are dealing with.
00:35:05.620But 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.
00:35:14.320So things are incredibly dangerous, and we need to be aware of that.
00:35:17.420At 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.
00:35:36.460We're going to go to your chart right now, some economics, but I want to just back this up with that.
00:35:41.240You know, Axios is the Mike Allen tip sheet for Insider DC.
00:35:45.620It's the power place that people go to get what's really the story.
00:35:49.420And every story they put up has a narrative backup to it.
00:35:53.240On my situation on Friday, what they put up over the weekend was how we were talking about impeaching Ray and Garland.
00:36:01.080And 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.
00:36:09.440On 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.
00:36:21.040So, and you heard Natalie at the top, the whole Fauci family is going to be welcome to the investigations, the entire family.
00:36:29.400Remember, 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.
00:36:36.860They took us down, they took the War Room account, I've never been on Twitter, they took the War Room account on Twitter.
00:36:41.600Paybacks across the border and all that, big moves on big tech.
00:36:45.340There are going to be big moves against all this malfeasance that's been going on in this apparatus.
00:36:50.400Steve, walk us through, you've done some analysis over the weekend.
00:36:53.460Walk us through our current situation, sir.
00:36:56.560Yeah, so listen, let's talk about how bad things are.
00:36:58.880And first of all, let's talk about the news that was breaking just as we came to show today, to air.
00:37:03.880The PMI report came out, the Purchasing Managers Index.
00:37:07.240So 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.
00:37:15.440So it's an incredibly valuable, forward-looking indicator.
00:37:18.840It's also one of the few indices that is done around the world in basically the same methodology.
00:37:23.960So I don't have a chart on this one yet.
00:37:25.200I 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.
00:37:29.700But manufacturing PMI for the United States, unfortunately, is now below 50.
00:37:35.920This is a diffusion index, so above 50 means expansion, below 50 means contraction.
00:37:41.140Other than the spring of 2020 lockdowns, Steve, it has not been below 50 in the last decade.
00:37:48.200It came in at 49.9 expectations, where 51.8 manufacturing PMI in the United States, the Biden recession intensifies.
00:37:59.640But let's look at some more big-picture news.
00:38:01.280And 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.
00:38:08.920Now, that is personal savings in dollar terms, and that chart goes back five years.
00:38:13.400If 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.
00:38:23.540You know, other than a few items, things like Netflix, they simply couldn't spend much and didn't spend much.
00:38:30.540But 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.
00:38:42.120So, 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.
00:38:58.960We 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.
00:39:13.080And to put that in comparison, pre-pandemic, so again, let's take out the unnatural part, pre-pandemic, we were at $1.4 trillion.
00:39:20.600So we had less than half of the savings that we had before the pandemic started, okay, that is the reality.
00:40:20.580Forget about arguing whether or not we're in recession.
00:40:22.500This is an economy that is on the edge of depression, okay?
00:40:26.440That is the reality right now in America.
00:40:29.160These 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.
00:40:39.520Those three factors put together have created an inflation explosion in the United States.
00:40:44.080And, by the way, yes, in the rest of the world.
00:40:47.180Biden'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.
00:40:54.700So 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.
00:41:03.620I used to say that we were going to have the worst economy since the 1970s.
00:42:45.800And that change starts with you and your wallet.
00:42:47.960That'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.
00:42:56.980Public SQ is the first app to connect freedom-loving Americans with their local community and the businesses that share their values.
00:43:04.440Whether you want to support a restaurant that only buys from local farms, a coffee shop that took a stand against COVID mandates, or a bank that can never cancel you for your political views, Public SQ is your guide.
00:43:17.880There's also interactive, sensor-free community groups where you can connect with other local members.
00:44:17.800Patriots, let's talk renters and politics because renters are bearing the brunt of Joe Biden's created inflation crisis.
00:44:24.600Now, demographically, they are statistically younger and more working class.
00:44:29.600And as such, key components of the emerging America First movement of patriotic populism.
00:44:35.720Now, historically, they haven't voted at nearly the rate that homeowners do.
00:44:39.340But I believe that's about to change because of this intense economic pain.
00:44:43.120And let's get to that reality in a chalk talk that is brought to you by Getter.
00:44:46.820Median apartment rent in America just crossed $2,000 per month for the first time ever.
00:44:52.840In 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.
00:45:00.860And consequently, one out of six renters say they're delinquent right now, one out of five minority renters.
00:45:07.280Regarding 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.
00:45:18.940Patriots, we can stop this madness starting on November 8th.
00:45:22.860For Hispanic and African Americans, when 20% are behind, you throw these bums out.
00:45:33.220One-sixth and one-fifth, these are unbelievable numbers, Cortez.
00:45:38.800This is like you have a managed decline.
00:46:00.100And there's an awakening among those very people.
00:46:02.460So I think this is a key component, as terrible as the news is, this is a key component of continuing to broaden our coalition.
00:46:09.200Groups that formerly either weren't political or, if they were, they aligned with the Democrat Party.
00:46:14.000The Democrat Party is crushing them, crushing their prosperity.
00:46:17.160When 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.
00:46:41.120So, you know, again, forget about this ridiculous talk about debating whether or not we're in a recession.
00:46:45.320When one in five minorities is behind on their rent right now in this country, we are in a deep recession, teetering on a depression.
00:46:53.000OK, that is the economic reality people are facing right now.
00:46:56.220But 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.
00:47:06.360And 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.
00:47:13.680Right 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.
00:47:21.100Taiwan Semiconductor, which we've talked about before on the show, in some ways, I think TSM is the most important company in the world.
00:47:31.200But lest anybody think that, oh, we're immune to that, that's China's problem or it's just tech's problem.
00:47:36.560The retail sector of American retailers, the XRT, down a percent on the day right now.
00:47:41.740And 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.
00:47:53.140Instead, the opposite is happening today.
00:47:54.800And your treasury yield right now, as we speak, 4.26 remains at decade plus highs on treasury yield.
00:48:02.240So investors getting crushed, getting crushed on their bonds, crushed on their stocks.
00:48:06.240But even more importantly than that, Main Street getting crushed.
00:48:09.340Renters simply cannot afford these rent increases, and they're going to properly blame Joe Biden.
00:48:16.660By the way, let me give you some geostrategic advice, Jake Sullivan.
00:48:21.040Why don't you deploy, take him out of Romania and let's deploy the 101st Airborne to, wait for it, Taiwan.
00:48:27.420Let's do that to make sure we can keep the chips.
00:48:32.460I 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.
00:48:50.420Oh, man, that's just classic spin control.
00:48:55.360That goes way back to, hey, let's issue some bad news on a day when all the reporters are home.
00:49:03.300But look, I mean, nowadays it's a 24-hour cycle, and here we are on Monday, fresh.
00:49:09.320We'll be talking about this all week long.
00:49:11.960We're looking at about a brand-new record.
00:49:15.500Every month is a brand-new record, 2.378 million for the fiscal year.
00:49:22.620That'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.
00:49:35.540And it used to be that 500,000 or much less was like the typical annual number, which is high.
00:49:43.700I 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.
00:49:50.740Listen, these numbers are absolutely historic in nature.
00:49:56.140I 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.
00:50:09.200And then beyond that, we have an estimated million more unknown gotaways, presumed gotaways.
00:50:16.680I mean, this thing is just fantastical what's happening.
00:50:19.260And yet the administration went on all the Sunday morning news shows saying the border was secure.
00:50:25.520I mean, we are just like in weird upside-down times.
00:51:32.180We'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.
00:51:41.120Not that they would ever think of that, of course.
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