Episode 2026： Trump's Revenge： The Deconstruction Of Administrative State Action Plan; Recession Is Here - The Math; Lavrov Says Zelensky Must Go
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Summary
A two-part series on what a Trump administration would look like if he re-elected, and what it might look like in 2022, by Jonathan Swan and Alex Blumberg of Axios and The Daily Beast.
Transcript
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Trump term look like. And you have some fantastic reporting that aims to look at that in very
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exact detail. And part of it centers around, a lot of it centers around an executive order
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he put in place. Can you tell us about this? He put this in place. It was resented by the
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Biden administration. It kind of flew under the radar, but this is a crucial element of
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what it might look like if he is elected again. Yeah, so this is a two-part series that we
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launched on Axios on Friday and Saturday. And I've been working on this for more than three
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months, basically piecing together all these different aspects of what is effectively an
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administration in waiting for Trump for 2025. There's a lot more going on behind the scenes
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that have been publicly reported. And at the heart of all of this is a legal instrument.
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It's an executive order called Schedule that they call Schedule F. And if your viewers haven't heard
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of Schedule F or hadn't heard of it before the stories, that's for good reason, because it was
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developed in strict secrecy for most of the Trump administration, at least for the last two years of
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it. And it was only finally issued. Trump only signed it into law 13 days before the presidential
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election in 2020. And, you know, when you put out some anodyne sounding order called Schedule F amid
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the craziest election in American history, you know, you could be forgiven for not paying attention to
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it. But it's actually profound what it does. It allows cabinet agencies to reclassify tens of
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thousands of career civil servants who have currently under law and have for decades very strong
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employment protections, because the idea is that these career civil servants, nonpartisan, continue
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from one administration to the next, regardless of the party of the president in power. Trump wants to fire
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tens of thousands, potentially at least thousands of these people that he calls pejoratively the deep
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state. And what this order allows him to do is to reclassify them as a new employment category
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called Schedule F. They immediately lose almost all of their employment protections and can be easily
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fired and replaced. So that's happening there. As you can imagine, there'll be legal challenges to
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this. And but I'll tell you, Trump's advisers like their chances in a in a court system now dominated by
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conservatives at the highest level. And because of that, there are some Democrats who've been following
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this issue very carefully and who are who are quite alarmed about it and have been trying to take
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steps to preemptively prevent a future president from doing this. So Gerald Connolly, Jerry Connolly,
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represented from Virginia, who heads the committee, the subcommittee who oversees the federal civil
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service. He's attached an amendment to the annual defense bill to try and prevent this from happening.
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Republicans want to block it in the Senate. But I will say, even if they succeed, Democrats,
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in somehow getting something into law to prevent Schedule F, Trump really wants to attack the
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intelligence community and the national security apparatus and basically purge these agencies,
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the CIA, the FBI, etc. They don't have the same civil service protections as a lot of the other
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agencies do. So even if they don't get a Schedule F, a president with the will to do what Trump wants
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to do and has told his advisors he wants to do, could still do quite a significant purge without it.
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Okay, welcome. It's Monday, 25 July, year of our Lord, 2022. You're live. We're in the war room.
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We have a lot to get through today. Probably next Sunday is 100 days. I think 100 days out. We're
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going to be doing specials leading up to 100 days out of the most important midterm in the history of the
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nation. You know, probably more important than the one in 1862, the midterm in the Civil War.
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And we're going to go into details, but we're in the lead up to it. I want to make sure people can
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separate out all the chatters out there and focus on what's important. Here's what's important.
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Donald J. Trump, for them, they trash and they run around, they got their hair on fire,
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they're doing this. He has a theory of the case. He has a theory of the case. I would actually
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respectfully submit to you that since FDRs, the folks he brought in, in the Great Depression of
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the 1932, when the Republican basically, as I said, in American history, from the Civil War to really
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1932, it was Republican dominated. You had a couple of Democrats and it was essentially Republican
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dominated. The Great Depression destroyed that. And you had Democrats basically came in, you had
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the Gingrich Revolution, you had obviously Reagan, all that, and Nixon, but really at the Tea Party,
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but it's really Trump in 16 is this major inflection point. Donald J. Trump has a theory of the case.
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Jonathan Swan's reporting is of the utmost importance. Put away the cutesy little phrase,
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drain the swamp. Put away the cutesy little phrase, swamp creatures. We're talking about a
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Republican democracy because essentially we have taken on the model of really Davos and the Chinese
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Communist Party of an authoritarian state, undemocratic, with institutions that are not democratic,
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and state capitalism. Now, how do you combat that? You combat that by deconstructing. You have to take
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it apart, brick by brick. The combination, and this is why I say in the last court session,
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the ruling that will actually be in hindsight more important than Roe v. Wade, as important as that
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is, I understand for our evangelical and pro-life guys, that's everything. The EPA, West Virginia,
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because that is the deconstruction of the administrative state from the legal, and it's
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by Gorsuch, who will be the Scalia of this effort, not Justice Thomas. Justice Thomas is a good man,
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and it's his court, but the legal theoretician is Gorsuch. He was picked for a reason.
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And now you see, on the other hand, what had been worked on by some of the smartest people in the
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Trump administration and schedule up? There's two parts to Jonathan Swan's peace, and of course,
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they've got to make a drama, Trump's revenge or anything like that. Put aside the war and posse,
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you must put aside the drama and the conflict. And by the way, there will be a huge drama that the
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administrative state is going to fight this every day like Stalingrad, okay? Not one step back.
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That's okay. I admire that. You've got an apparatus, a non-democratic apparatus,
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that's impervious to elections, or it used to be impervious to elections with controlled
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opposition Republicans, because they wouldn't take it on. They would just add to it and build it.
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They would not confront it. And this is not marginally cutting out a program to you. This
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is not about that. This is about going to the heart of it, the heart of the beast. It's not the swamp.
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It's not the deep state. It is that you saw it in the first impeachment. What was the fetish,
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the interagency process? It's like a sacramental. It's like mass is to the Catholics, the interagency
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process, how the administrative state has to work. And Jonathan Sassouan ends on, he sounded like
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Darren Beattie at the end, that the lead thing will be, because Kash Patel and others had a lot
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to do with this, the take on, this is how you take on the national security apparatus. And civil
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libertarian Democrats, because remember, the last time we went through this was after the
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assassinations in the Vietnam War and the protest and all of it. And you had, you had the church
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commission. You had that, this is how you got the super eight, all that because of the CIA, guess
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what? Being out of control. CIA did some good things, but they were also out of control, particularly
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in domestic politics. The FBI had did some great things. And as a kid raising, you know, the FBI was
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everything, but they were also out of control. They are 10X. Now what they are, we don't have the New
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York Times or the Washington Post or those liberal at the time, because they were First
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Amendment, they were strong in the First Amendment. Now they're part of the process. They're the
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propaganda department. We got a lot of economics to get through today. We got Tina Peters, got all
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that. The Republicans, Karl Rowe, Steve Wynn, Steve Wynn, the agent for the Chinese Communist
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Party, not me saying that, DOJ saying that, in the filings, agent for the Chinese Communist
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Party. They're starting a now voter integrity. The Republicans starting a voter integrity, then going
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to raise $20 million. That is all to make sure that the Trump apparatus, the MAGA apparatus,
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does not take charge of the election apparatus. It's not going to work because they don't have
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volunteers. They have no volunteers. They have money and no volunteers. They have money and
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Fox News and no volunteers. So we're going to get into all of it. And the biggest week on
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announcement of economics. And of course, the regime has given us the regime's definition
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of recession. Poor Janet Yellen. Janet Yellen, when Larry Summers is now on Fox all the time,
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Larry Summers is flat out running to be Secretary of the Treasury. It's so blatant. Steve Ratner,
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but it's Steve Ratner's publicity department, his comms team, but it get rolling here because he's
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getting smoked by Larry Summers. And poor Janet Yellen. She's sounding daffier and daffier every day.
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Okay, we got a lot to go through. Let me give, first off, I got Cortez and Harnwell. Cortez is going to go
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through a lot of math, a lot of economics, what's happening. But give me your sense of,
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and here's what I love. Show me Chris Christie, Mike Pence, Tom Cotton, Nikki Haley. Show me what
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you got, baby. Flip your cards over. Show me a Democrat, except for Newsom, except for Newsom.
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And the kids down at, the kids down at, the kids in Tampa have been watching War Room. Newsom at 30%
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of the guy that could beat him. Newsom's got a theory of the case called the California, but it's tiny.
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It's not well thought through, but it's a version of this. But Steve Cortez, Donald J. Trump actually
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has a theory of governance. Every bit is developed as FDR. Totally, FDR was the beginning of the
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administrative state. You know, started with the Civil War, had some with Woodrow Wilson, but really
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the theory of the administrative state came with those things in the 1930s that the Supreme Court
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at the time, before they flinched about packing, you know, struck everything down. Steve Cortez.
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You know, Steve, it gets my deplorable blood going on a Monday morning to hear Jonathan Swan
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talk about a purge, a purge of the administrative state. Now, of course, he means that to be an
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expose and to be a hit on our movement. We take it exactly the opposite and wear it as a badge of
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honor. And it tells me that, yes, Jonathan Swan recognizes that there is a plan in place that this
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second Trump term is going to be far more consequential than the first one. And the first one
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was quite consequential. But in this second term, there is a plan in place to truly attack
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the unelected bureaucrats who form the spine of the administrative state that is so destructive
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for regular Americans. And what we're talking about now is accountability, Steve, because these
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unelected bureaucrats, they effectively have what university professors have, which is tenure,
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which means that they are almost unfireable. It's almost impossible to fire them, OK, unless they're
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caught cheating or something. Right. And we need to change that. These people need to be accountable
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to the United States. Washington, D.C., too often acts like the capital in the Hunger Games and suppresses
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the districts. It is not coincidence that the five wealthiest counties in America are all
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in the Washington, D.C. metro area. Steve, that's not because people are curing cancer in Washington,
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D.C. or coming up with amazing new inventions. It's because it has become a giant, a giant.
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Well, I don't want to say anything inappropriate. It's become a giant siphon.
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No, no, no. Hang on. Because five and a half trillion dollars, it's like five and a half
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trillion dollars of just straight out cash comes through here every year. Right. And by the way,
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you know, all the other pockets they've got, it's literally tens of trillions of dollars flows through
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the city and dealt out to their buddies, their business associates, the companies that support
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them. This is, you know, this is Babylon on the Potomac. That's what we have here at the Imperial
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State. And this is, by the way, we finally have a plan, ladies and gentlemen. Stop saying drain
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the swamp. I don't want to hear it anymore. That's a cutesy term. We're at war. We're at war with the
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administrative state. And hey, you don't think they're coming? They're coming. Do you think
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these guys are dug in here? They control the greatest, you know, country in the world. They've
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turned it into a global empire, which we want to say we're not in the global empire business.
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The revolutionary generation told us not to. Steve Cortez.
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Well, to your point, too, about the contrast then with America First, with our movement,
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and with Donald Trump as a candidate versus those establishment Republicans who you mentioned,
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they are controlled opposition and they are fine with the managed decline of the United States of
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America. That benefits them and benefits Washington, D.C., certainly benefits those thousands and
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thousands of federal employees who are unaccountable. And what this movement is saying,
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this patriotic populist movement, is standing up and saying, no, we will no longer preside over the
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managed decline of the United States. And these establishment milquetoast Republicans,
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people like Mitch McConnell and Jeb Bush and, yes, Mike Pence, they cannot be part of this
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sweeping and revolutionary political movement that is going to, again, I like the word of
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Jonathan Swan, that is going to purge the administrative state.
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Harnwell, give me 60 seconds before we go to break. You're going to stick with us over the hour.
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My thought on this is to answer the question, who governs the United States? Who runs the country?
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Is the country a democracy fundamentally with a system of governance that governs by the consent of
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the people? Or is it a technocracy? An assemblage of self-appointed, self-justifying experts that
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respond only to themselves and have, because as Steve Cortez said, they're unfiable. All they have to do
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to blow off, they don't even need to openly come out and oppose Donald Trump's agenda. They just need to
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slow walk it into oblivion. Well, yeah, but they do a pretty good job of fighting. Okay, short break.
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We got economics to go through, technocracy to go through. By the way, the biggest anti-democratic
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is the Federal Reserve. That's not even in the memo, Jonathan. We're coming hard for that,
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not just audit, in the Fed. All next, where in the war room?
00:14:54.480
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00:15:23.120
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The epidemic is a demon, and we cannot let this demon hide.
00:16:32.660
War Room. Pandemic. Here's your host, Stephen K. Bannon.
00:16:37.140
Okay. Welcome back. Monday, 25 July, Year of War 2022. I want to thank everybody. By the way,
00:16:44.080
go to our website, get the newsletter, particularly if you listen on the podcast. And the podcast is
00:16:51.320
obviously on fire, so it's alive. I want to thank all of our distribution partners, Real America's
00:16:55.380
Voice, John Frederick's Radio Network, G News, putting us up in Mandarin. Good morning to Lao
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00:17:01.140
Beijing. And I guess good evening for the people in the mainland, right? And also the podcast.
00:17:09.640
Everybody go to the podcast, download it. I want to hear all your things. Go to Getter. Go to my site.
00:17:14.160
Go to my site. Tell me what you think. Feedback you see. If you go to Getter, it's free. You get
00:17:19.060
Cortez. Cortez stuff amazing comes right up. You got Harnwell with his lifestyle. We got Navarro, and you
00:17:24.460
got me, and I'm insane on it. That's all me, and I'm up 24 hours a day putting up analysis, et cetera.
00:17:30.880
Because Harnwell says, because I'm on him for not reading them all. He goes, it's a fire hose. I
00:17:34.700
can't handle it. Mypillow.com. We got a lot of voter. We got a lot about the 2020. Tina Peter's
00:17:42.340
going to be on. I think she's calling from a jail cell. We got Tina on later. Trying to have
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Marchant, I think, trying to track him down because of his voter integrity, right? Huge primaries coming
00:17:54.780
up. We're going to get into a lot of politics. Go to mypillow.com. Promo code war room. You guys were,
00:18:00.060
hey, last week, you had Posobik. You had Navarro. I had my two besties here. I need to have people
00:18:07.480
step up to the plate. Mypillow.com. Promo code war room. Check out all the sales. You got the
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sheets. They're not going to last forever. You got the pillows of $19.98, $19.88. You can't get that
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in Walmart or any big box. You got to come here. So go check it out. Steve Cortez, a huge week. Do we
00:18:24.200
have, by the way, can we play Janet Yellen? Do we have that ready to go? Yes. Okay. Okay. We have
00:18:30.300
that. We have. Okay. Hang on. Slow down for Denver. Hang on. You're on top of things. I got to tee this
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up. I got to tee the audience up for, and I consider this the lack of respect department.
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They think everybody's morons. They don't understand with shows like War Room and others that people are
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broken through that kind of white noise and actually are presenting information that people now
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can understand nomenclature, inverted yield curve. They know what the technical aspects of a
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recession means. They get it. And of course, in their daily lives, they don't need to have it
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explained to them, but now they know the technical aspects of it. Steve Cortez, I couldn't believe they
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rolled out good old Janet Yellen this morning and over the weekend to do this. Denver, let's play Janet
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Yellen. It's not an economy that's in recession, but we're in a period of transition in which
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growth is slowing and that's necessary and appropriate. And we need to be growing at a
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steady and sustainable pace. So there is a slowdown and businesses can see that. And that's appropriate
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given that people now have jobs and we have a strong labor market. But you don't see any of the
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signs now. A recession is a broad-based contraction that affects many sectors of the economy. We just
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don't have that. Okay. I actually, and I say this with all respect, because I thought as a Federal
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Reserve head, remember she, in the first year of Trump's administration, she actually did quantitative
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tightening. Nobody gives Trump credit or even yelling at her. She took almost a trillion dollars
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off the balance sheet of the Fed. That's the first time anybody's taken any off since the crash of
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2008, which we still haven't recovered from because of how they did it with just printing money.
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Steve Cortez, and look, so I don't want to pick on her, but she looked like she should be going over
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to her house with your baseball bat on your shoulder, your cap up, Cortez, with your glove on
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your bat, getting some cookies and milk from her. And they send her out on, I think it was Chuck
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Todd yesterday, to just spout nonsense. Now they're gone. It's like the Soviet Union. They're
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just going to tell the audience what they're trying to do here. By the way, no, ma'am, it's not slowing
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growth. It's negative. The growth has basically stopped. We're in negative growth. Steve Cortez.
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And Steve, if you notice there, she said a transition. That word's a lot like transitory,
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which used to be her favorite word. Now she's saying it's a transition to slower growth. Listen,
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Janet Yellen needs to resign. She should have been fired or she should have resigned yesterday
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for getting the economy so disastrously wrong because she was either totally incompetent or
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she was outright lying to the American people or some combination of the two. And I think Janet
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Yellen, by the way, this is instructive and to connect us to our last conversation about the
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administrative state. She is really the personification of the failures of credentialism.
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And what I mean by that is on paper, she has an incredibly august resume. Her CV couldn't be more
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impressive. She has a doctorate from Yale. She taught at Harvard. She was the chair of the
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Federal Reserve. And in reality, Steve, when it comes to the economy, she is totally lost and
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incompetent. Totally. Okay. Now, when she talks about the transition to slower growth, no, it's not
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slower growth. It is negative growth. It is receding. It is an actual recession. The definition of a
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recession, which has been widely accepted for decades and decades in the business community of the United
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States is two consecutive quarters of negative growth, of the economy getting smaller. Okay. We
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are likely to confirm that reality this week. That is an absolutely loaded week of economic data out
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all week long, including a new report from the Fed. And here's what the White House put out over the
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weekend to try to get in front of this. And let's look at this. And I highlighted some of the key parts
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in this absurd statement from the White House. And they asked the question, what is a recession?
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While some maintain two consecutive quarters of falling GDP constitute a recession. Well,
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not some, Steve. Again, that is the accepted definition for decades and decades. They go on
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to say, it's the second part that I highlighted there. They say, we need to take a holistic look
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at the data. A holistic look at the data. So they are trying to literally redefine words. They're trying
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to use fuzzy phrases to give themselves wiggle room so that they can claim that we're not actually in
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a recession. Steve, this is so embarrassing. George Orwell himself could not have penned this
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in fiction because he would say it's simply not believable, even in a work of fiction.
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The White House right now, remember, these are the very same people, though, who also claim that they
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can redefine what is a man and a woman, right? These very same people are now telling us that we can
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redefine what is a recession. Why? Well, because we're in a recession. And because the American people
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know it, again, it will likely be officially confirmed very soon by the data. But the American
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people are well aware that they are personally in a recession and not just a mild one, Steve,
00:23:27.480
an extremely deep one. So this is not a transition to slower growth. This is an economy that is utterly
00:23:33.860
falling off a cliff. That is the reality in America right now.
00:23:38.880
There's polling. I put it up on my Getter account, polling over the weekend. 42% of people said
00:23:44.060
they're being overwhelmed. 42% of Americans, they're being overwhelmed by the economy,
00:23:48.620
living paycheck to paycheck. They don't know how they're going to make it. 42% of your countrymen,
00:23:53.120
85% said the economy is going in the wrong direction. You can't get 85% of people to agree
00:23:59.820
the sun's going to come up in the east. First off, I think 25% of Americans, I was reading this the
00:24:06.120
other day, still think they don't believe in Copernicus, right? So you got 85% thinks the wrong way.
00:24:12.140
Pretty good number there, Steve Cortez? Yeah, pretty convincing and overwhelming.
00:24:16.740
You know, Steve, we talked about previously how small businesses in the massive alignable survey,
00:24:21.720
a third of small businesses say they were not able to pay rent in June. Well, we now have some similar
00:24:26.340
data on individuals not paying rent. If we can put up chart number two, please. This is new reporting
00:24:31.680
also from Axios. We're doing a lot for Axios this morning on the war room. But this is reporting from
00:24:35.980
Axios that 17% of Hispanic citizens in the United States say they cannot make rent. They are behind
00:24:43.160
on their rent. One out of every six Hispanics in this country, Steve, there's roughly 60 million Hispanics,
00:24:48.700
so we're talking about 10 million people. 10 million citizens cannot pay rent right now in the United States,
00:24:56.400
and that's just one demographic group. There's obviously more than that in total. You can't tell
00:25:00.460
me that we're not in a recession. You know what there's a called? Trump voters right now. Brothers,
00:25:07.000
anybody missing rent, any businessman or any Hispanic, African-American, Asian, anybody. If you're,
00:25:13.220
if you can't pay rent, you got to vote. You got to vote for the Trump people in November,
00:25:18.560
the Republicans. You got to. Because the Biden inflation is crushing. It is absolutely crushing
00:25:23.760
middle-class folks. And let me give, let's show one more chart here, because unlike Janet Yellen,
00:25:27.460
I believe in charts and data. This is the XLY. If we can put up chart three, please. This is the XLY,
00:25:33.420
which is an ETF, an exchange-traded fund. And so in one ticker, XLY, you get all of the consumer
00:25:38.400
discretionary major companies together in one. Now, this is a lot of companies, by the way, that we
00:25:43.040
deplorables don't care much for, companies like Disney and Amazon. But regardless, it's a really good
00:25:48.060
read on where the consumer is. And if you look at that chart, it is demonstrably from the upper left
00:25:53.660
to the lower right, unfortunately, in a pronounced bear trend. It's bounced back a bit in recent weeks,
00:25:59.680
yes. But let's put this in context. That chart goes back one year. Right now, the XLY, Steve,
00:26:04.500
is 28% off of its highs that were reached last November around Thanksgiving time. 28%. 20% is a bear
00:26:13.120
market. The White House would probably try to say, we're going to redefine that. But 20% is a bear market.
00:26:17.540
28% is a massive bear market. This is the reality. Okay? Price is truth. And the XLY,
00:26:24.980
the consumer discretionary stocks, are telling us that the consumer is absolutely getting pummeled.
00:26:30.580
Another data point from one single company that came out today, Weber Grill. Weber Grill retracted
00:26:35.540
its forward-looking guidance for the rest of the year. And its stock is right now getting pounded 20%
00:26:41.040
today. That's another data point to reflect the reality.
00:26:44.500
Hold it, hold it. It hasn't gotten hit. I've been hit the desk here. It hasn't been hit 20,
00:26:49.400
hasn't been a 20% drop just since the market opened this morning.
00:26:53.720
Yes, 20%. And actually, I didn't check it now, but I will. But pre-market, yes, correct. In one day
00:26:58.780
from Friday's close, pre-market down 20% in a day on Weber Grill. That's how problematic the consumer
00:27:05.360
market is right now in the United States. That's how crushing this inflation is to regular individuals,
00:27:10.540
particularly working class people. Janet Yellen, again, if she had any honor or dignity,
00:27:15.280
she would resign. She should be fired. She won't, though. And listen, this is a packed week. We're
00:27:21.140
going to get so much economic data out this week on inflation from the Fed, on second quarter growth,
00:27:26.960
which the Atlanta Fed right now forecasts at minus 1.6%. We'll see where it actually comes in.
00:27:32.040
But the reality is the Biden economy is worsening. It is decelerating in a significant way. And it's
00:27:39.140
crushing Americans, both their pocketbooks, as well as their spirits. We know consumer sentiment
0.98
00:27:42.840
at an all-time low. That is the reality right now. We need to speak in truth and use evidence and data
00:27:48.480
so that, Steve, not just to the press people, so that we can figure out the path out. What is the
00:27:54.080
fix? We didn't make this mess, but we are going to fix this mess with economic populist nationalism.
00:27:59.880
The Feds are going to increase rates, but they're not doing any tightening. They haven't hit those
00:28:04.240
marks yet. Also, they're going to come back with a massive stimulus bill. I'm telling you,
00:28:08.260
they're going to take a break in August. They're going to come back and say,
00:28:10.520
we've got to juice this thing up. Big league. They're going to go back to the same old toolbox.
00:28:16.000
Okay. Short break. Back with Cortez, Harnwell, all next in the war room.
00:28:24.800
Americans are discovering that if we want to change this nation, we have to change the way
00:28:28.780
the marketplace works. Look, woke corporations are seeking to divide us. Big banks are freezing the
00:28:33.780
accounts of people who disagree with their political views, and our supply chain is dependent
00:28:38.360
upon countries that actively work against our values, like the Chinese Communist Party.
00:28:43.760
It's time for a change, and that change starts with you and your wallet. That's why I'm proud to
00:28:49.440
partner with Public SQ, the largest network of patriotic, freedom-loving businesses and consumers
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00:29:41.320
Public SQ. Go to the Apple App Store or Google Play. Take action. Do this today. Let's talk about the
00:29:49.120
great sorting. The masses of Americans who are fleeing blue states and blue jurisdictions for red America.
0.78
00:29:57.100
And let's specifically talk about Illinois to Florida because Governor J.B. Pritzker had the
00:30:02.480
gall to go to Florida last week and give a scathing address attacking Ron DeSantis and the state of
00:30:08.760
Florida, even though the Sunshine State has become a prime destination for Illinoisans who are fleeing
00:30:14.600
the mismanagement and corruption and danger of Illinois as created by J.B. Pritzker himself. Let's look at
00:30:21.520
the data and a truck talk that is powered by Getter. These are U-Haul rates. Very telling. This is a one-way
00:30:27.760
rate for a small truck. Illinois to Florida costs you over $2,400. The other way, only $700. Why?
00:30:36.100
Because the traffic is all going in one direction. All of the demand is from Illinois to Florida. Perhaps
00:30:41.700
for this reason, new polling, which we just got out from Wirepoints, shows that among independents
00:30:46.820
in the land of Lincoln, only 28 percent want J.B. Pritzker re-elected. 62 percent say it is time
00:30:58.560
Okay, Illinois is in play. You know, Pritzker ought to give a refund to the people that get
00:31:04.380
paying those higher rates. Got to leave the U-Hauls after they drop them in Florida.
00:31:07.780
And of course, he's running around. The reason he's in Florida, he's like Newsom. They both think that
00:31:13.480
they're going to be the guy to run against DeSantis. They haven't quite read the memo yet.
00:31:18.140
But Steve, I want to go back and I want to give you a couple of things I want to announce. Number
00:31:22.440
one, the Federal Reserve is so absolutely essential. Everything's going on. I've got Christopher
00:31:27.740
Leonard. We're going to do a one-hour special. I think it's going to be this Wednesday at six
00:31:33.620
o'clock, but I'm going to talk to you. You got to watch this. I'm trying to get Philip Patrick on
00:31:37.640
here. Maybe even talk Cortez and coming on. We're going to break down how the Fed is the beast.
00:31:42.260
When they flex, they flood the zone with made-up dollars. Fiat currency changes everything. And
00:31:49.220
the Fed's got to be watched here very closely because the Fed is about to come off, I think,
00:31:53.040
the chain again. They're going to do a 75 basis point, but that's not the good. You watch. They're
00:31:58.080
going to start flooding the zone with money. You watch. We're going to get to this again. I can feel
00:32:01.440
it. Also, so Jonathan Swan, also, I'm reaching out to Mike Davis, the great legal expert that talked
00:32:09.400
about the deconstruction industry. He was Gorsuch's clerk. This guy knows it better than anybody over
00:32:14.700
at Article 3. I'm going to get Mike, and we're going to have a one-hour special on the Jonathan
00:32:21.360
Swan Axios article. I want everybody to understand deeply exactly what we're doing here, okay,
00:32:30.160
exactly what's going on, because you're going to be a part of it. And particularly want people
00:32:34.060
come and step in forward and say, hey, I want to be one of those 4,000 shock troops. Or there's
00:32:39.340
going to be lots of other opportunities, lots of other opportunities. Drop the phrase, drain the
00:32:44.240
swamp. This is beyond that. This is taking on and defeating and deconstructing the administrative
00:32:48.580
state. We're going to do that, and we're going to get a one-hour special on the Jonathan Swan
00:32:52.220
Axios and get some people on here who can talk about it and, of course, Mike Davis. Also, over the
00:32:57.140
weekend, the New York Times Magazine showing the love. I tried to put this up, but it was behind the
00:33:02.120
paywall. So I couldn't get it up just the photo, but I'm going to do a better job now that my staff
00:33:06.160
is back. I work over weekends. They take off. So they're going to tell me how to do it. The cover
00:33:12.420
story, Cortez and Harnwell, of the New York Times Sunday Magazine, which besides the New Yorker,
00:33:18.980
is what the Upper East Side out in the Hamptons, this is what they're curling up with under the
00:33:23.820
umbrellas in the Hamptons beaches. Look at that beautiful black and white photography,
00:33:29.940
and it's stop the steal right there. And here's the headline, how the movement to reinstate
00:33:35.860
President Trump has gone far beyond him and now threatens the future of American elections.
00:33:42.660
Okay. It's an absolute brilliant piece. Of course, they say it in a way of being trying to be with
00:33:49.240
this the worst thing in the world, but you've got an all-star cast in there, according to Doug
00:33:53.420
Mastriano and many others that we're going to break that down during the thing because they're
00:33:57.720
absolutely petrified. In the Republican establishment, the controlled opposition is
00:34:01.320
petrified also because they just announced Stephen Law, Karl Rove. Stephen Law is Mitch McConnell's
00:34:07.640
guy. Karl Rove, just Bill Barr, who did nothing in 2020. All the controlled opposition that are
00:34:14.560
feeding off the trough here for the administrative state with their law firms and all their associations
0.70
00:34:19.280
and led by Steve Nguyen, an agent for the Chinese Communist Party, right? Steve Nguyen is the big guy
00:34:26.180
going to raise money. They have no volunteers because MAGA hates them, but they're going to try
00:34:30.880
to spend money. And all they're trying to do is stop the precinct strategy. The left can't do it.
00:34:36.800
The Republican establishment so fears Steve Stern and Dan Schultz and all the success stories,
00:34:43.560
the moms from DeKalb County, that they're raising $20 million to stop you. They have no interest in
0.99
00:34:49.860
voter integrity. What they want to do is make sure that you're not in there in the room over around
00:34:53.720
the green table counting votes. Cortez, the architecture this week. By the way, mypillow.com,
00:34:59.900
promo code RORUM. Let's go check it out. Okay, check it out. Also, my man, Eric Prince,
00:35:07.560
unplugged.com. This is his app. He's building a phone. It's going to be out. We'll be having it by the fall,
00:35:12.680
but he's got an app. Once you download the app, they can't monetize or track you on any of your
00:35:17.540
apps. Okay. And it's got an encryption key. That is the world's best. So go check it out today.
00:35:24.180
Unplugged.com and also mypillow.com. Okay. Cortez, just walk me through the architecture of the week
00:35:31.440
because on Sunday, folks, there's a hundred days out to the destruction of the democratic party.
00:35:37.600
The shattering blow from school boards to election boards, to county supervisors,
00:35:42.680
to the house and the Senate, to destroy the democratic party as a national political
00:35:47.900
institution by giving them a democracy suppository, since they are this party of not
00:35:54.180
just the groomers, but also the administrative state. We're going to shatter that. And we have
00:35:59.560
a chance to, and this week as a preamble, brother Cortez, we're going to have earnings, economics,
00:36:05.740
reports, and data, sir. What's the week look like?
00:36:08.360
No, exactly. So really it's the perfect lead up, isn't it? To 100 days out because we're going to
00:36:12.880
get just a flood, a torrent of economic numbers out this week. I anticipate most of them are going
00:36:18.020
to be very depressing, quite frankly, for the economy, but nonetheless, they will be illustrative
00:36:22.180
and they will point the way, you know, again, I don't go over these economic stats to depress people,
00:36:26.540
but rather to point the way toward the fixes. How do we solve for this equation? How do we fix the mess
00:36:32.360
that has been created by Biden and Pelosi? And yes, by establishment Republicans, people like
00:36:36.920
Mitch McConnell. By the way, I just, I mentioned that I would check during the break. I did check
00:36:40.940
Weber Grill. I don't mean to pick on this company, by the way, but it is down 20% today, Weber Grill.
00:36:46.860
That is likely because Americans can't even afford the meat to put on the Weber Grill in the first
00:36:51.980
place. And again, I'm not just trying to pick on that company. If we look at consumer discretionary
00:36:55.580
on the whole off 28% from the highs on XLY just last fall, that is a pronounced bear market. That
00:37:03.780
is a recession in the United States. Now, speaking of recession, a lot of data out this week. Starting
00:37:08.100
tomorrow, we get home sales and consumer confidence out on Tuesday. Wednesday, very big afternoon. That
00:37:14.660
is the Fed. If I'm invited back, I'll come to the five o'clock war room and we could talk about the Fed
00:37:18.980
on Wednesday. Thursday, then we get the GDP report. And that's when we are likely going to find out
00:37:24.480
that yes, we are officially in a recession with the second consecutive quarter of negative growth,
00:37:30.440
of no growth, negative growth in the United States economy. Again, the Atlanta Fed GDP now model,
00:37:35.800
which is not always correct, but it has a pretty good track record. And it's a statistical model.
00:37:39.700
It's not somebody's opinion. It is a rigorous, well done model. That's right now forecast. Second
00:37:44.980
quarter GDP came in at minus 1.6%. And then on Friday, we're going to get University of Michigan
00:37:51.480
sentiment, which is at an all-time low in a survey that goes all the way back to the 1950s. Are we
00:37:56.320
going to make another new all-time low? Perhaps. By the way, University of Michigan, if I could just
00:38:00.300
mention this, because college football season is coming upon us. I've never been a fan of the
00:38:04.000
Wolverines because I'm a Notre Dame fan, but the way Coach Harbaugh is talking pro-life out there,
00:38:08.780
I'm going to have to root for Michigan, speaking of University of Michigan. But listen, back to the
00:38:12.460
economy on Friday. Oh, but hang on. We talk about Michigan. I love Michigan in the big house,
00:38:19.080
but being a Notre Dame fan, they got to play them. They got to drop this bizarre conference
00:38:23.000
thing and get back to the old conferences. Notre Dame's got to play Michigan every year. You got
00:38:26.020
to play Michigan in Michigan and say, hang on. But University of Michigan also had the doctor
00:38:30.660
that's a pro-life at the white coat ceremony. Now, they had a bunch of walkouts, but the president
00:38:36.320
of the medical school didn't flinch. They went to them the whole blue check thing. Oh, this is terrible.
00:38:41.160
This is terrible. Said, hey, suck on that. She's speaking. She got selected to speak. She's going
00:38:46.700
to speak. So University of Michigan with Harbaugh, and all the haters are all over him. Hat tip to
00:38:52.140
the Wolverines. Yeah. Amen. Amen. And then back to the economy, we also get PCE out on Friday,
00:38:58.940
which is an inflation read, and that is the preferred inflation read of the Federal Reserve.
00:39:02.880
It's similar to CPI, but we'll also get that data out. And in addition to that, a lot of corporate
00:39:08.280
earnings. So it is going to be an incredibly busy week ahead. And as I mentioned, Steve,
00:39:13.320
it's really sort of the perfect runway. It's going to set the table. It's the perfect preamble,
00:39:18.680
prologue to 100 days out. Okay. America is in a dire economic quagmire. How do we fix it? What are
00:39:26.300
the solutions? What are the America first economic popular solutions to restore the prosperity of the
00:39:31.540
middle class that has been decimated in the last year and a half by Joe Biden?
00:39:35.040
What do you think is the sense you're right now, I want to give to you, what's your sense of what
00:39:40.840
reality trending? I don't need to talk specifically, because the numbers aren't out. I know you're a guy
00:39:47.180
that likes to get to the math, but where you're seeing things directionally, as you look at other
00:39:51.160
data that's out there, versus how they're going to, they're, they're clearly going to try to play
00:39:56.300
mind games. I mean, right now, like you see the gasoline, they're putting the chart up every day,
00:39:59.540
gasoline, all-time lowest drop in history, right? They're, they're, you know, they're sending out
00:40:04.380
Zen master, Jean-Pierre is coming out every day, the Zen master, the one, what's the sound of one
00:40:09.800
hand clapping? She's giving it to you every day, right? So what do you think, how, how, what do you
00:40:15.440
think the reality, at least where we are, versus when you just saw Weber, right? The first of the
00:40:21.280
earnings, not a good sign. What, what, where do you think it is, but how are they going to try to
00:40:25.380
spin this? What's the, what's the lipstick, what color lipstick are they going to put on this pig?
1.00
00:40:30.240
Right. Well, listen, whatever color it is, it won't work because here's the reality.
00:40:34.660
People know their own economic circumstances. They're incredibly intrinsically aware of it.
00:40:39.300
And even a lot of folks who might not ideologically be that sympathetic to our movement, Steve,
00:40:43.720
a lot of the soccer moms, for example, out there might not love a lot of the tenants of America
1.00
00:40:47.920
first, but they are hurting economically right now badly. And they cannot afford, forget about
00:40:53.300
luxuries. They cannot afford the things that they need in their lives for their families. And
00:40:58.000
because of that, there's political opportunity here. There is a political opening and no amount
00:41:02.940
of spin from the corporate media, no amount of lying from the white house. We put that chart up
00:41:07.040
earlier. No amount of lying from the white house, trying to redefine a recession is going to change
00:41:11.880
the actual lived reality of the American people who are suffering terribly right now. The anxiety in the
00:41:19.440
land is palpable, Steve. We see it certainly in all the macro surveys, but I also see it anecdotally.
00:41:23.960
I've done a lot of campaigning in the last few months, and I'm going to do a lot more into
00:41:27.720
November to get the right America first candidates elected. I have met thousands of people all over
00:41:32.180
this country. And the first thing they mentioned to me, Steve, without exception, is inflation. And
00:41:37.080
you can see the anxiety in their eyes. You can hear it in their voices. It is a very stressed
00:41:42.180
country right now, very stressed. And again, we see this in the macro data. So it's not just my
00:41:46.420
my experience in person experiences are not peculiar. They are reflective of the macro data
00:41:51.200
out there. And so given that state of the country right now, the very poor state of the country and
00:41:56.100
getting poorer, unfortunately, every day as real wages crash in America, I don't care how much spin
00:42:02.860
corporate media tries to promulgate. I don't care how many lies are propagated by the white house and
00:42:08.500
their economists. The reality is smack dab in front of Americans. And these kitchen table issues are an
00:42:14.380
opportunity for the America first movement to broaden our coalition and to win a lot of voters
00:42:19.640
who might have been tough to reach previously. But Joe Biden has done us one heck of a favor and pushed
00:42:24.640
a lot of people into the at least potentially into the America first fold. Now you talk about action
00:42:30.840
in this code word transition. I think it's actually deeper than the than the transitory
00:42:37.540
things on inflation. They're talking about transitioning. We have a clip from Grant Holder. I don't know if we've got it
00:42:44.200
ready. I can play the next segment. But she's talking over the weekend that the biggest transition
00:42:47.680
in human history is the transitioning to the to the sustainable energy economy, which, you know,
00:42:54.700
from having the great Dave Walsh, I'm here as a fantasy right now. That's where the same transition.
00:42:58.600
It's their activities have done this. And here's what's amazing. We're going to go back to the same
00:43:03.060
playbook. The reason I'm obsessed with the Federal Reserve, that's what's bailed since, well, for 30 or 40
00:43:07.780
years, but really since 2008. We've been beyond addicted. You're like a crack addict. We are addicted
00:43:13.740
to easy money. We're addicted just to hitting the computer, boom, and creating money out of nowhere
00:43:19.320
that are really going to be obligations to our children and our grandchildren. And we're still
00:43:25.260
addicted to easy money. There's no solution. I mean, if you look at Larry Summers, what he's talking about
00:43:29.520
is biting the bullet. Is there any appetite to do that among the Democratic Party? The answer is no.
00:43:35.920
A short commercial break. Cortez, Harnwell, Jan, all next in the war room.
00:43:40.480
We will fight till they're all gone. We rejoice when there's no more. Let's take down the CCP.
00:43:47.760
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00:44:23.640
Action, action, action. The great guys, L. Todd Wood and the team over at CD Media, and I think they
00:44:30.340
get this done by the pundit. He does such an incredible job. Polling out in Arizona. Kelly in
00:44:40.500
Masters, basically in a dead heat. Kelly up three. That's margin of error. But a tight race there. But
00:44:46.380
the big one, Joe Biden. Cortez, I just got this to you, I think. It's Biden. Strongly approve four
00:44:54.560
percent. Strongly disapprove 54 percent. I got to take a hat tip just for the for the a little bit of
00:45:01.060
the war room. We said we killed this in the crib. Now, we were just a small part of it. But remember,
00:45:04.820
we've been maniacally focused since we talked, we're going to kill this administration in the
00:45:09.700
crib. Hey, I don't care if Benny Thompson doesn't like that or Nancy Pelosi doesn't like it or who
00:45:13.980
doesn't like it. Justice Department. I don't care if you don't like it. Suck on it. We're destroying
00:45:18.560
this illegitimate regime. And the people in Arizona are reporting they hate you guys. They hate it.
00:45:25.640
How can you have a 50 point? I've never seen a number like that. Strongly approve four. Strongly
00:45:31.840
disapprove 54 percent. Steve Cortez, brother. Give me your sense of that number.
00:45:38.300
You know, listen, Steve, there has never been a political implosion like Joe Biden's. I mean,
00:45:43.360
never in American history has any major political figure, much less a president,
00:45:47.700
seen this kind of absolute implosion of support this quickly. It just is unprecedented. I mean,
00:45:53.840
it literally never happened before. You know, I've talked a lot about his implosion among Hispanics.
1.00
00:45:58.120
He started office with a plus 39 percent approved disapproved ratio, plus 39 percent in his favor.
00:46:04.540
It is now 51 percent against a 90 percent swing in that swing in a period of a year and a half. I
00:46:12.600
mean, this just doesn't happen in politics. It's almost hard to fail that miserably. It really is.
00:46:18.960
I want to bring in Harnwell. Harnwell, blockbuster news reported by the AP today on the guy you cover
00:46:24.300
very closely, Lavrov, the foreign minister. And this guy's a beast. He did a full flex on Zelensky.
00:46:29.640
Tell us what he said. Yeah, he was speaking late last night, Steve, at the Arab League
00:46:35.360
summit in Cairo. And he said this is a change of policy for at least a declared change of policy
00:46:42.640
from with regards to Russia and Ukraine. And Lavrov said that Moscow is determined to help
00:46:51.540
Ukraine's and I quote, liberate themselves from the burden of this absolutely unacceptable regime.
00:46:58.180
He accused Kyiv and by by a connection, its Western allies of spouting propaganda intended
00:47:06.320
to ensure that Ukraine and I quote again, becomes the eternal enemy of Russia. And he said that his
0.79
00:47:13.680
that Russia's plan is for the two countries to work together. And there Russia promised to help
00:47:18.940
Ukraine get rid of this regime, which is absolutely anti-people and anti-historical.
00:47:26.380
Lavrov said Zelensky's got to go. That's not a good sign. That's a different that's a ratcheting up
00:47:30.680
to the West. Steve Cortez, connect that to capital markets and the economy, sir.
00:47:36.720
Listen, this is a scary situation. And all along, we know we have been preaching de-escalation,
00:47:41.880
right? This is a regional struggle that could be solved through negotiation. Instead,
00:47:45.720
the United States and NATO, Biden and NATO, have been funding both sides of the struggle
00:47:49.740
and have escalated it into an international phenomenon, which is incredibly unfortunate
00:47:54.460
and frightening, quite frankly. It's not just my opinion. It's the opinion of capital markets.
00:47:58.340
If we look at natural gas right now, which of course is critical and particularly the natural gas
00:48:02.860
supplies from Russia, so critical to all of Western Europe. Natural gas, as we speak, is up almost
00:48:08.160
4% on the day. Natural gas is a very volatile commodity, Steve. In June, it was just above $9. It
00:48:16.000
got all the way below $6 as recently as a couple of weeks ago. Well, it is soaring back. It is at $8.60,
00:48:22.200
$8.60. Right now, up almost 4% on the day. It looks to me as though it wants to go back and grab
00:48:30.040
those June highs and, in fact, probably eclipse those June highs. Why? Because the natural gas
00:48:35.260
market is properly starting to price in the risks of even more escalation in the Black Sea and the
00:48:41.620
situation between Russia and Ukraine. So there are serious economic, not just strategic, but economic
00:48:46.180
consequences to this massive escalation that the establishment Republicans, along with Joe Biden,
00:48:51.360
have been stirring up for months over there with an enormous mountain of American money.
00:48:55.200
Yeah. Next, in the next, start the next hour, we're going to talk about the geopolitics and the
00:48:59.960
economics globally, how it's impacting citizens of the country. You know, Zelensky, I want to go
00:49:04.240
back to Jonathan Swan. Jonathan Swan had this interview in Davos, the Davos interview with Jonathan
00:49:09.280
Swan, and they brought in Zelensky by video conference. And Jonathan Swan, on the main stage
00:49:14.440
there, right after Henry Kissinger, I think, spoke, gave an interview. And Zelensky, because we know
00:49:18.880
those guys watch the War Room, we're lecturing War Room and ourselves that, oh, well, people should read
00:49:25.100
the memoirs of World War II if they really were not. Zelensky, and I said at the time, I have
00:49:29.140
forgotten more about World War II than you will ever know, actor. But I want to bring up something
00:49:34.440
that I think Zelensky and their people should read. The Best and the Brightest. I think that's the book
00:49:39.500
you ought to be focused on, not World War II. Best and the Brightest, and particularly the section
00:49:42.920
around President Diem. And the Democratic administration was loving up on Diem, and Diem was the answer
00:49:49.240
until he wasn't. And then they backed a coup against him. I'm telling you, Zelensky is going
00:49:56.140
to wear out his welcome with the same people that have propped him up. And we have warned about this
00:50:02.400
from day one. Now it's getting more and more serious. More and more weapons are going in.
00:50:07.200
They're coming back. Zelensky's government came back. A month ago, it was $5 billion a month.
00:50:11.860
Now it's going to be $9 billion a month, $750 billion to rebuild the country. They're still fighting
00:50:17.360
more and more weapons, more and more intensity. Somebody has gotten, the Republican Party has
00:50:22.220
to force Joe Biden to come to the table and make a presentation to Congress and tell us exactly,
00:50:28.640
somebody's got to kick in the World Powers Act. What are we doing here? What is the plan?
00:50:33.160
What is the strategy? What is the objectives? And how are we going to pay for it? And what's
00:50:37.800
America's part of it? And the party of Davos, the EU, and NATO. Cortez, Harnwell's got to stick
00:50:43.920
around. Cortez, give your social media so people can track you, sir.
00:50:46.540
Yes, please find me on The Getter. I'm at Steve, very simple. And I'm also on Twitter
00:50:51.820
for now. I'm at Cortez, Steve Cortez with an S. Thank you so much, Admiral Bannon.
00:50:56.460
Thank you, sir. By the way, for the folks in the Ukraine, it is, our thoughts are with
00:51:02.800
you. This is a horrible situation. And as the University of Chicago professor said, he
00:51:08.820
said they're leading you down the primrose path. So this thing is getting more and more
00:51:12.140
serious. And we need to deescalate. And we need to work out some arrangement where Ukrainians
1.00
00:51:18.320
stop getting slaughtered because Western elites want to escalate. Okay. Talk about escalation.
00:51:25.140
They're trying to escalate on the Dutch farmers and more. Michael Jan's going to join us. We're
00:51:29.240
also going to talk about what's happening with the Tory party in Italy, all of it and how it
00:51:33.240
interconnects with your economic, political and cultural life here in the good old United
00:51:45.240
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