Episode 2103： The Games Are Over And We Are Coming For You; Funding Continues For Ukraine While Americans Suffer; Energy Prices Continue To Soar Under The Biden Regime
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Summary
In this episode of Morning Joe, host Joe Scarborough is joined by Ed Luce, founder of the Financial Times of London, to discuss the rise of anti-Americanism within the Republican Party and its impact on the American people.
Transcript
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of an American state. In it, Ed writes this, quote, disabling the non-military side of
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America's state is not a recent Republican priority, but its record is decidedly mixed.
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On the one hand, day-to-day U.S. administration has become ever more difficult. The restrictions
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placed on federal agencies, including the IRS, has grown more onerous over the years.
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People's interface with the U.S. government can be a painful experience. The democratic
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habit of micro-regulation, which acts like a full employment charter for lawyers, also is added to
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D.C.'s slow-movingness that, in turn, makes voters more receptive to anti-government rhetoric.
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Financing the U.S. government is about to get much costlier. Biden's new law, the Inflation Reduction
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Act, will go some way toward leveling the playing field between underpaid IRS agents and overpaid
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corporate lawyers. But if Republicans regain control of Congress in November, it could prove a short-term
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victory. They can simply block the IRS budget. The societal cost of this latest disinformation
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campaign is hard to count. Millions of Americans now think the U.S. government is armed, dangerous,
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and out to get them. It is a whopper of a lie, but lies have a way of taking root. And they have,
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Ed, as you point out in the piece from senior members of the United States Senate, Chuck Grassley
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of Iowa, going on television and saying armed IRS agents with AR-15s are going to kick in the doors of
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small business owners. It's a conspiracy theory that has taken hold at the highest reaches of the
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party. It is. And of course, I mean, we've seen it before. This isn't new. You know, think of death
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panels and Obamacare. Think of the propaganda around the estate tax, rebranding it as a tax on
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family-owned farms in Iowa, et cetera. But it's getting considerably worse to have mainstream
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Republicans talking, not just of abolishing the IRS and the FBI, for that matter, but depicting
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their agents, depicting these government employees as essentially shock troops for globalists,
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autocrats who are coming to a home near you to take your property, to take your Bible, to take your
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guns, whatever it is. The scale of rhetoric is getting a lot, lot worse. And it's hard to measure
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that. It takes root in people's heads. And in terms of the IRS.
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I have it. Okay. Note to the administrative state, because that's Ed Luce, the lead American
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domestic columnist for the Financial Times of London. Morning Joe producers, if you're going to
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roll somebody out to talk about the administrative state and the jackbooted nature of it to the American
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people and have residents, I don't think Ed Luce's, the way he presents is maybe the way to do it.
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Not just that he's always wrong about things, but just, it's just the way it comes across.
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Okay. Just a note. You're not going to see that in the war room. I got Cortez. I got a,
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I got a Colombian boxer from Chicago. I got Dave Walsh, another hammer. I got Peter Navarro. He's in a
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tight black shirt, you know, doing a, doing a flex, right? Okay. I got Harnwell, but we,
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Harnwell, we bring in Cass against tight, but he's dropping bombs all the time. Morning Joe producers.
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When you're going to do a segment like that, give me Mika or even give me crazy Gumby Joe,
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do whatever you got, but you can't bring in Ed Luce. That just fires us up more. I think we're
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going to play that on a loop. One of the things is here, one of the things they teach you at Harvard
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Business School. One of the first lessons you learn is called opportunity cost, right? It's not
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just the cost of what you're shelling out. It's what you're not doing and shelling that out. It's
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the true cost is the opportunity of what you should be doing. And that's what we're seeing here. Okay.
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And now the administrative state is totally up in arms because we've exposed exactly what they're
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trying to do. So they continue to shove money into their pet project, which is taking down the
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Russian people. And they're trying to do that in the Ukraine on the Russian speaking border of
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Eastern Ukraine while they, while they exacerbate an invasion here. And they, then they roll out the
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spokesmodel for the world economic foreign Davos. Let's bring in the, uh, the quite, how do I say
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this? The anti-masculine, uh, I'll say it politely, the anti-masculine British, uh, you know, uh,
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spokesperson for the financial times of London, the tip sheet for the party of Davos. Let's roll
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him out on a, on a Wednesday morning to lecture the Americans about not as government. They confuse
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us not. This is about an administrative state and they're in full thing of defending. Oh yeah. You
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know, they're, you know, we're a little slow. We got to do it. You guys are finished. We're going to
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take it apart. Uh, let me refer Ed loose in the financial times of London back to what we started
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with in, in, in Florida today. I think Ed, you and the guys in London would understand something
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called the Concord bridge, Lexington and Concord, a bunch of farmers, right. That stood up to the
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greatest army in the world. Right. And, and said, Hey, not, we're not doing this anymore. The
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administrative state in London, uh, ruled by a, a landed gentry that was detached from the reality
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of not just the people in England that wanted to get out of there, but more importantly, detached
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to this new breed of person that was in this new Jerusalem called Americans as, as, uh, Ben
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Franklin said. And we're not going to take this anymore. The moms right there are the farmers at
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Concord, the farmers at Lexington green. Those moms for Liberty are it it's financial times of London.
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It's over the game's over. It's just how rapidly we deconstructed. We're coming for you and we're
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coming for you about how you guys have funded this just in printing money. That's all out there and
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going to come, whether it's going to be Fauci and the bio pharmaceutical apparatus you've got,
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whether it's the financial apparatus you've got, whether it's the intelligence and control
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apparatus, it's over. Do you think the women we had on here today taking school boards, do you think
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they're going to back off taking this thing apart? No, the American says this participatory populism.
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It's not Trump. Trump's a moderate in this movement. This movement is now a rising president.
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Trump's our leader. He's the instrument. We need him in 2024. He should announce he should announce
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months ago, but Hey, just afternoon to be fine for 2024, but it's bigger than Trump. It's more focused
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than Trump. It's tougher and it's relentless. Uh, Ben real quickly, give me on Scotland. They're feeling
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in the UK of doing this. Give me your wrap up and I got to go to Walsh and Cortez. What do you got for
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me? Well, it's difficult, Steve, for me to follow this because, um, after that anti-limey tirade,
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I think next time I really need to come in and put a red coat on or something. I'm as fond as the next
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man is when you put the knife into Ed Luce. Here's an illustration. Okay. Of opportunity costs.
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This is a pure illustration. So if Denver wants to get this photo up, this is the conclusion of the
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previous articles I was talking about. This is a scene from, um, the streets of Edinburgh,
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which is probably Scotland's most general city. You can see here the, the, the rubbish or the trash,
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uh, as Americans like to call it, piling up there by the sides of the road. These are unseen,
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um, unwitnessed before scenes of degradation and decline building up, um, in Scotland. And the
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headline that accompanies this article, um, is no bottomless pit of money to end Edinburgh
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bin strikes, says Nicola Sturgeon, who's Scotland's first minister. Now, just my concluding point is
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this. For essential services in the United Kingdom, there's not a bottomless pit because there's
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opportunity costs. What we spend on X can't be spent on Y. Whilst that message is being made,
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it is being totally undercut by the national government, not only in the UK, but as we just
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saw, uh, before the break across, uh, capitals. And that is we're in this for as long as it takes,
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whatever the resources it requires, we're going to continue feeding this through to Ukraine.
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This is a conflictory message. When it comes to their pet projects, they've got a bottomless pit,
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you know, $3 billion, another $3 billion from, from, from, from the apparatus. But when it comes to
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their citizens in Scotland, what a great country and could know no bottomless pit there to pick
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the garbage up. That's not a bottomless pit, no bottomless pit to help the kid. No, but we have
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a bottomless pit when we're there for Zelensky and the rest of these promoters that are skimming it
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right off the top in your face, Ben Hornwell, how'd they get to your social media? Yep. Steve. Um,
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basically for people who pay the taxes, no bottomless pit for people who live off the grift,
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the doors are always open. I'm on a getter. It's my exclusively, it's my surname,
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Hornwell, uh, Hornwell, and I'm there 24 seven pushing out all my hard line intolerance against
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government waste and fraud. Brother. Thank you. Let me go to Cortez. Uh, Steve, tell us where we are
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economically. Then we're bringing Walsh to tell us, Hey, we ain't even seen the bad. We ain't even seen
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the bad news yet. The bad news has not even hit us. Walk us through where we are, sir. In this
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entire fiasco. Well, the news is terrible and it's about to get worse. If I could though, first,
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let me just, if you would indulge me a quick comment about that MSNBC clip that you showed,
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because I think I do have some authority here. I worked for 15 years in cable news work for all of
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the major networks. And I would put that clip as exhibit a for the audience out there and for all
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Americans, however corrupt, however disconnected and aloof you think corporate media is both on air
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talent and the producers. It is so much worse than you could ever imagine. And I would point to that
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clip as evidence. I mean, think of this. So MSNBC said, okay, we want to lecture the American people
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about being too anti-tax and too anti-IRS. Who are we going to go to? Who are we going to call out of
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the bullpen? And some New York newsroom dandy said, I know let's go to Sir Edward Luce, the Viscount of
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Marlboro with his Queens English accent. It'll be perfect to lecture the United States, a country that was born
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in a tax rebellion against the United Kingdom, I might add. A rather delicious irony of that clip.
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So before I get to the economy, which the same folks about-
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No, hold it, hold it, hold it. Stop, stop, stop. Hang on. We got to stay on this. It's so important.
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No, whoever the segment producer was, and I don't like guys being unemployed, he's got to be reassigned.
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It's exactly the point. Our revolution was built on this, and you bring the Duke of Marlboro out to
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lecture the colonists, to lecture the colonists about their ways. Are you doing this to tee up
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war room? They must be doing it, right? They're doing it to tee us up, Steve?
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You apparently have pictures of Willie Geist, and you forced him to do this for us this morning,
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which kudos to you, apparently. Yeah, look, I have no idea if there's such a thing as the
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Viscount of Marlboro, but I made it up because it sounds great. But regardless, here's the thing.
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This is what they actually said. I want to quote from that article from the FT. Quote,
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armed, this is what we think of the American government, armed, dangerous, and out to get them.
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Yes, yes, yes, and yes. That is exactly what we think of the Biden regime. They are armed,
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they are dangerous, and they are out to get them. And Ed Luce, he also said, the Viscount of Marlboro,
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he also said, we've seen it before. You're damn right we've seen it before in 1776,
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you line. He saw it good and hard back then, where you lost the crown jewel of the British
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empire, again, over taxation, okay? So this is a very significant issue to Americans. And yes,
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we are instinctively anti-government. And when we hear about the tax man arming himself,
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and that's not some conspiracy theory, right? We know it from their own recruitment,
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their own HR advertisements, as he would pronounce it. We know that that is a serious encroachment
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upon Americans' rights, and we react accordingly. But Steve, hang on. Also, today,
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they tell you about another $3 billion. They're shoveling in for the defense contractor buddies
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into Ukraine, when the Europeans have not made any other commitments, and are not going to make any
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other commitments. What are they missing? What is so hard about the logic, sir?
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To put that in context, too, the fact is, every few days now, we send a billion or more dollars
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over to Ukraine to massively escalate and exacerbate a conflict in which the United States
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has no discernible vital U.S. national security interest. But Ben Harwell made a great point.
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Every dollar that we borrow, we don't have it, every dollar that we borrow to send over there
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to that corrupt regime, both of them are corrupt. There's no good guy in that fight. Every dollar
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we spend there is one that we cannot spend here. And let me put that in context, because it's not
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as though things are going well here, and the United States is in a position to just dole out
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largesse to the world. American citizens borrowed in the second quarter of this year,
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which is the latest data we have, $46 billion in credit cards. $46 billion in credit cards. That
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was the highest total in 20 years. They took out a total of 233 million new credit cards to do that.
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That was the highest total since 2008. So Americans are massively indebting themselves to deal with
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Biden's inflation at an extremely onerous interest rate through credit cards. To put that in context,
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we have spent well more than $46 billion on Ukraine. We could literally have written off
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all of that debt for Americans. And I'm not saying that's a good idea. I don't believe in those kinds
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of just mass handoffs. But to put this in context, how much we're spending, we could have said all of
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that second quarter credit card debt that Americans piled on at record pace, we could have literally
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snapped fingers and gotten rid of it. Instead, we're sending it over to Zelensky so that he can
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escalate a conflict in which we don't have an interest and he could pose for Vogue magazine
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and be the toast of the town for Hollywood celebrities and defense contractors and their
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lobbyists in Washington, D.C. This is a cruel paradox. When you think of that contrast of suffering
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Americans, regular Americans who literally can't pay their bills, and we're going to get into those
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details, I believe, who literally can't pay their most basic bills, and yet sending a mountain of
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money that we do not have to escalate what should be a regional conflict into something that matters
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Okay, hang on a second. I got Dave Walsh on energy. I got Peter Navarro from Havit. I've got Steve
00:14:21.380
Cortez from the boxing rings of Chicago in the pits of Chicago. Zero Hedge breaking a story right now.
00:14:31.220
Major food crisis coming in 2023. Quote, prices will be on steroids after the election. Why?
00:14:38.780
Principle your cause of energy. Okay, we're going to get to all of it. We're going to restructure the
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show a little bit because we're going to continue on this. It's so important. Cortez, Navarro, Walsh,
00:14:47.180
all next on Economics and Geopolitics next in the world.
00:14:54.460
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So go there and check it out today. Okay, Cortez, we've got a lot of wood to chop here,
00:17:27.120
but Steve, why don't you start with all these great analysis you've been putting up on Getter
00:17:31.660
and your thoughts, and then bring in Navarro and Dave Walsh, because here's the thing. Everything
00:17:35.900
you're about to hear from Cortez, we specialize in letting you look, as Wellington taught his
00:17:40.980
officers, look over the other side of the hill. That's what we've been right on. Ukraine,
00:17:45.640
your pandemic, all this. These two guys, Cortez and Navarro, have been talking about
00:17:49.120
stagflation from the beginning of this mess, but you ain't seen nothing yet. What you're going to
00:17:55.700
hear is going to shock you, and baby, this is the upside. So go ahead, Steve Cortez, tell us where we
00:18:00.740
are. Tell where hardworking Americans are today, sir, citizens of this nation, taxpaying citizens of
00:18:07.860
this nation that go to work every day to support this country and just get the job done. On a day,
00:18:13.620
we're sending $3 billion over to Zelensky and these crooks in Ukraine, sir. Yeah, well, Steve,
00:18:19.100
unfortunately, thanks to Biden and the globalists, they're in a place of tremendous economic
00:18:23.460
deprivation and real anxiety right now, and it is going to get worse, unfortunately. I wrote a new
00:18:28.820
article, put it up on my substack, The Gathering Economic Storm, because what we're seeing right now
00:18:33.340
are just the beginning parts of the storm, and I believe that this economic storm, like a real-life
00:18:38.520
hurricane, the backside of it is going to be far worse, unfortunately, than the front side. So I
00:18:43.560
want Americans to steel themselves, and I also wanted to motivate them to take political action
00:18:47.680
to change this on the policy front. But let me get specific here, too, about what I mean. Bloomberg
00:18:52.180
actually published an article, and I was very pleased to see Bloomberg is a corporate media outfit that
00:18:56.720
generally leans very left. Occasional truth-telling from Bloomberg. Bloomberg News put out an article,
00:19:01.320
if we can show it here in chart one, and they talked about the tsunami of shutoffs for utilities.
00:19:07.580
20 million Americans, 20 million households, more than 20 million citizens who live in them,
00:19:13.600
20 million households in the United States are behind, as we speak, on their utility bill. That
00:19:20.360
is one in six Americans. Now, so far, many of them have been able to not pay the utility bills because
00:19:26.860
of the moratorium on shutting off their service because of the pandemic. Those moratoriums have now
00:19:32.540
expired. And therefore, we are about to see an absolute wave of Americans, tens of millions of
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Americans, who literally, Steve, cannot afford the most basic, the most elemental bill in their life,
00:19:46.160
which is to have the power on. Now, why can they not afford it? Of course, we've talked about the
00:19:50.560
Biden recession, but let me get specific, too, in regards to electricity. So if we put up chart number
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two, I want to show electricity prices here. And this is electricity prices per megawatt hour.
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And this comes from the Bureau of Labor Statistics. This is government data that I'm showing you. And I
00:20:04.800
want to compare Trump with Biden. Under President Trump, electricity prices were low and stable the
00:20:10.300
entirety of his term. Even during the boom days of 2019, electricity prices didn't jump. They were low
00:20:16.200
and stable the entirety of his four years in office. As I show on that chart, as soon as Biden came in,
00:20:22.240
electricity, like pretty much any other resource, absolutely started to skyrocket. How much? Well,
00:20:28.420
in July, and remember, the corporate media so wanted us to celebrate, Steve, 8.5% CPI print,
00:20:34.700
which by historic terms is insanely high. But they wanted us to celebrate that. Well, within that
00:20:39.620
terrible headline print of 8.5% overall CPI, so much worse for electricity. 15% growth in the month of
00:20:47.280
July, year over year, in electricity costs. That was the biggest increase, Steve, since 2006.
00:20:55.080
Americans simply cannot pay this bill. And again, we are so far away from discretionary items here.
00:20:59.640
We're not talking about luxury items. By the way, that segment's not doing very well either.
00:21:03.740
Nordstrom pre-announced its poor earnings for the rest of the year or cut its guidance for the rest of
00:21:08.560
the year. That stock's down almost 20% today. So even the high end is starting to hurt. But what I'm
00:21:12.740
most concerned about right now are middle and lower income folks who literally cannot pay their bills.
00:21:19.020
You know, we talked previously about what I think is coming a looming wave of evictions and
00:21:23.520
foreclosures. This is very much related, of course. Steve, they can't pay their power.
00:21:27.800
Whoa, whoa, whoa, whoa, whoa. Hang on. You've talked about repossession of the cars.
00:21:32.720
You've talked about the behind in their rent or their mortgages. Now they're getting their power cut
00:21:37.000
off. What am I missing? They can't pay for the food. The food's blown up through the thing. Now you
00:21:42.020
have companies like Nordstrom's, they're going bear market in a day. 20% down is a bear market. Boom.
00:21:48.700
Connected dots to the American people as they sit here today. What they're doing is hiring 87,000
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IRS agents and up-armoring them to get blood out of a stone. Connected dots of your analysis the last
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couple of weeks. The repossession of the cars. The small businesses that are not making their rent.
00:22:07.780
The people behind on their rent are their mortgages. Now we know they can't even cut the
00:22:13.140
power on 20 million households, not people, households. Steve Cortez.
00:22:19.020
Right. No, listen. This is the reality. While corporate media is trying to make excuses and
00:22:23.160
the White House is just simply lying, claiming the United States is not a recession. Steve,
00:22:27.680
that's not a debatable point any longer, whether or not we are in a recession. We talked about
00:22:31.780
PMI, purchasing managers' index services, going all the way down to 44 yesterday, massively in
00:22:40.280
contraction territory below 50. It's not debatable any longer whether or not we are in a recession.
00:22:45.960
It's a matter of the severity and the extent of the recession. But when I look at the consumer side
00:22:50.480
of it, when we talk about the repo man getting incredibly busy, when we talk about 5.4 million
00:22:56.240
Americans, according to the Census Bureau survey, saying that they believe they will be tossed out of
00:23:00.420
their home in the next two months, when we look at one out of six American homes who cannot pay for
00:23:05.500
power, they cannot pay the most basic necessity bill of their lives. That's not even just recession,
00:23:11.120
Steve. That's the D word. We are starting to border on depression. And it only takes a serious policy
00:23:17.400
mistake or two from here to send us to that place. And again, I don't say this to make Americans
00:23:23.520
despondent. I say it to steal their resolve and to motivate them to fix this because the situation
00:23:30.120
is so much more dire than the ruling class wants people to know.
00:23:34.100
Okay. I'm going to bring in Navarra. By the way, we've got so much news and candidates. We're going
00:23:36.960
to do all that at five because we've got to get through this. Navarra is one of the architects
00:23:40.860
under President Trump of the golden year of what Cortez says of 2019, the fall and Christmas of 2019
00:23:48.120
with inflation low wages. Peter, there's no magic. I mean, not only we one or two policy decisions away
00:23:56.320
from a depression, I want everybody in this audience to know there's no magic wand here now
00:24:01.360
to kind of wave. This is going to have to be another, not just victory, but toughness and steely resolve
00:24:09.160
in policymakers in the MAGA movement to turn this around. Dr. Navarra, give us your assessment of
00:24:14.900
everything Steve Cortez is laying down about the new great depression for the working class in
00:24:20.960
this nation. Dr. Peter Navarra. Well, none other than the not so great Larry Summers came out with
00:24:29.500
a report this week, which says the only way out of the inflation is to get a recession where the
00:24:36.280
unemployment rate goes up to at least 5%. And then if that's going to be true, and that's going to be
00:24:42.680
for an extended period of time, what you're going to see is black unemployment be double of what it
00:24:48.780
is now. So we're talking about African Americans having a 12% rate of unemployment so that we can
00:24:58.080
cure the inflation problem created by the Democrat Party and Joe Biden. That's how screwed up things
00:25:05.840
are. And we've said repeatedly on this show, Steve, that it's black, brown and blue collar Americans
00:25:11.060
who bear the brunt of all this. Now, I'm a fan of connecting all the big dots. Cortez comes up with
00:25:18.040
this beautiful Bloomberg piece about how people are behind on their energy bills here. I sent you a
00:25:25.020
story earlier, Steve, about how there's the incredible drought in China, which is drying up
00:25:31.160
all their power resources there. And they're having to shut factories in China. So why do we care? Well,
00:25:38.120
for better or for worse, their prices are going to skyrocket at the production level, and we're
00:25:45.100
going to import their inflation while the Fed is trying to fight our inflation. There's no magic
00:25:51.820
bullet here. Signal here is November elections to get Trump Republic to stop doing harm. First step.
00:26:00.100
Remember, the debt ceiling comes 20 days after the elections, the debt ceiling. But hang on,
00:26:06.820
I don't want to... The drought is a drought they're talking about because climate change,
00:26:10.300
there's no rivers, all the rivers stop running, no rivers. The problem in China is the Ponzi scheme
00:26:17.120
of the elites with the real estate. The implosion I'm hearing is going to be over this.
00:26:22.980
They have a cascade of problems, Steve. And I wrote back in 2006, the coming China wars,
00:26:32.000
when I predicted they'd stick us with a pandemic, that they were going to run out of water because
00:26:37.380
of how they manage all their resources. Climate change is maybe a variable in that, but they're
00:26:43.900
destined for that anyway. The point is that there's all these conditions globally that are bearing down
00:26:51.640
on America. And it's going to be very, very difficult, absent leadership from Donald Trump
00:26:58.900
to deal with this because we got to fight this on eight different fronts at least.
00:27:01.780
First, we're going to have to have leadership by the House. We're going to have to have leadership
00:27:04.820
by the House to stop, they said in the article in the FT, stop the approach process for the
00:27:10.200
administrative state. A bunch of stuff we got to do here. Navarra is going to join us at six.
00:27:14.100
There's huge breaking news out of the House about Navarra and Hatfield and hydroxychloroquine.
00:27:20.260
We're going to get into all that news on Peter Navarra. We've got other candidates.
00:27:24.240
I also want to say before we have you talk about the book briefly, is that Larry Summers,
00:27:29.080
in that interview at the end, they ask him, what are you getting involved back? Why are you coming
00:27:32.960
off the beach and getting involved in public life? He says at the end to stop the rise of populism
00:27:40.160
that could overwhelm us in 2024. Kaboom. Peter, real quickly, the book, how they get to you.
00:27:45.940
Yeah, Taking Back Trump's America, it's the mandate for getting America back for Trump.
00:27:53.100
PeterNavarra.com, just go there. You can go to Amazon from there and learn about everything else.
00:27:59.100
Get her the Twitter killer and all. PeterNavarra.com by Taking Back Trump's America Today, Admiral.
00:28:13.940
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War Room Pandemic with Stephen K. Bannon. The epidemic is a demon and we cannot let this demon
00:29:54.740
hide. War Room Pandemic. Here's your host, Stephen K. Bannon.
00:30:01.640
Okay, just to make sure you know you're at the forefront of what is happening in the world and
00:30:07.080
you're driving these stories. Politico has got a big story up about what we're going to talk to
00:30:10.580
Peter Navarro and Dr. Hatfield today at six. Huge story about the Trump administration trying to use
00:30:16.900
are really putting forward things like hydroxychloroquine and other therapeutics that
00:30:22.380
would have taken care of things. Huge firefight over there right now. So the House has released that.
00:30:27.740
We're going to have Dr. Navarro and Dr. Hatfield on tonight at six to discuss.
00:30:33.420
Cortez, you're putting up great stuff. You're doing these live getters.
00:30:36.780
Walk people through how they get to your sub stack, your getter, your live streams,
00:30:40.800
all of it because you're at the cutting edge of all this economic now.
00:30:45.860
All the folks listening to radio in Atlanta and up and outside of Philadelphia, people on the Real
00:30:52.600
America's Voice live streamed, La Bajing. You know, we have, I get it every day after the show.
00:30:57.100
The top hedge fund guys in the world are calling up afterwards and go, wow, we're not seeing this
00:31:01.120
anywhere. This kind of connected dots. And so the theory of the case, as I call it, that we're making
00:31:06.580
for the crushing of the American working man and woman economically that we back up with numbers
00:31:12.780
every day is at the cutting edge of economic analysis. Steve Cortez, you're the tip of that
00:31:17.060
spear. How do people get to you? Yes, please find my new sub stack article. You can find me on
00:31:21.960
Twitter. I'm at Cortez Steve, Cortez with an S. Prefer you find me on Getter, the free speech
00:31:26.060
platform where I'm just at Steve. My new article is The Gathering Economic Storm. I'm going to be
00:31:31.720
doing a live stream tonight on Getter, exclusively on Getter, 9 p.m. Eastern time, primarily on
00:31:37.420
immigration, but I'm going to tie immigration into the economy. There's never a good time for an open
00:31:41.920
border, but this is the worst possible time when we have this kind of economic crisis in the
00:31:46.060
country. The recent NPR poll shows us that Americans are increasingly turning against
00:31:50.880
immigration, even on the legal side. We're going to dig into that tonight, 9 p.m. Eastern on Getter.
00:31:55.540
Please find me. By the way, the Viscount, head loose to the Viscount of Marlboro. Thanks you, sir.
00:32:02.300
Just genius. Genius. Thank you so much, Steve Cortez. Let's go now, Dave. Okay, Dave, everything we've
00:32:08.660
walked through is kind of what's happening now, what's already happened, what's currently
00:32:12.720
happened. It's about to get so much worse, and you're the best person to walk us through
00:32:17.860
this. Walk us through natural gas energy, what's happening in the world, and why we ain't seen
00:32:23.160
nothing yet, sir. Steve, the United States uses about 100 billion, 100 quadrillion BTUs of energy of
00:32:31.540
all types every year. Pretty consistent, 2020 to now. 4.4% of that is solar and wind. 95% natural gas,
00:32:42.680
petroleum, coal, nuclear. 95%. For the administration or any administration to wage war on the 95% means
00:32:52.540
we're going to have higher costs as you suppress the supply of those essential energy-based resources.
00:32:59.220
And here's the issue with natural gas. It's solvable. It's solvable. We're already exporting
00:33:04.600
11.8 billion MMBTU per day, cubic feet per day of natural gas. That's going to grow by 2.8 times
00:33:13.060
by 2026. We've got, in addition to the Freeport terminal, we've got two more terminals coming online
00:33:19.820
this year at the end of the year. We've got two more next year, and then huge trains at Golden Pass
00:33:27.100
in Texas, owned by Qatari Energy plus ExxonMobil, which will boost U.S. exportation about a factor of
00:33:36.380
about 2.8 times by 2026, which means about 34% of our total supply of natural gas will be exported.
00:33:47.080
That's achievable if domestic supply is freed up. The big issues facing us are pipeline blockages,
00:33:55.080
the Mountain Valley Pipeline in Virginia, the Atlantic Coast Pipeline, the Michigan Pipeline No. 5 by
00:34:01.220
Enbridge, all stymied by this government across the board in states, the EPA, the Department of the
00:34:07.020
Interior. Those pipelines are about people serving, human serving, utility rate-paying customers in the
00:34:13.860
U.S. getting access to gas. They have to be freed up concurrently with all of the exportation we're
00:34:19.940
allowing. I'll tell you, the LNG terminals owned by Kinder Morgan, Dominion, Chenier,
00:34:27.040
ConocoPhillips are getting pipelines erected to them without obstacle. The ones for human consumption
00:34:35.060
seem to be, in Virginia, in Michigan, the XL pipeline, all about being obstructed.
00:34:42.560
Hang on. I want to slow this down just so the audience understands this. What we're talking about
00:34:46.220
is the natural gas here, which the Biden administration is suppressing our development
00:34:50.120
of, is that a bunch of that gets shipped to these LNG terminals, liquefied, put on tankers,
00:34:57.820
and then goes to Europe. And since these guys are all stopped, you know, the Russians are cutting
00:35:03.240
them off. This is how they're going to survive. Once that happens, given the lack of development
00:35:07.780
here, your bill, and what he's talking about, these pipelines around, when he says humans,
00:35:12.180
that's to like the East Coast. This is to get natural gas to you. It connects back to what Steve
00:35:17.600
Cortez is saying. The reason people are behind on their bills is that the bills are going up and
00:35:21.260
their real incomes are going down with inflation. So you're seeing 20 million households.
00:35:27.920
That, the way it's structured now, that's going to get harder, not easier. And as these facilities
00:35:34.280
come back online, the, the, the, I guess the contracts are, they're going to, they get,
00:35:38.560
they get to take it, ship it overseas. Natural gas in this country, which is a 10 bucks right now
00:35:44.160
is $2 under two bucks under Trump. $10 today. You're going to go to 12, 13, $14. Am I wrong
00:35:51.940
in that math, brother? No, you're not. You're not. I projected in a speech about five years ago,
00:35:57.640
we'd be at 12 bucks because of this phenomenon by about 2022. Hang on, hang on. But slow down
00:36:04.400
because this is all new information. People understand what's happening here. We have three
00:36:09.280
Saudi Arabias in this nation. Divine problems given us one in the Permian Basin, one up in the
00:36:14.180
Marcella Shale in Pennsylvania, Ohio, West Virginia, and New York, and one in Alaska. Three, we have
00:36:20.200
three. Pennsylvania right now is Saudi Arabia, but we're sitting, we're not developing it,
00:36:26.020
but the way the thing works is that, and I'm not against exporting for money, but the way this
00:36:30.780
thing works is these kind of get dibs on it. That's going to go because they haven't, they've
00:36:36.180
cut these pipelines off and they're not doing it and there's no more development and they're making
00:36:39.940
it hard in New York state. You can't, Cuomo in these nutcases up there won't do it. Understand
00:36:45.260
something. This is not the second law of thermodynamics. There is no physical thing in the universe that
00:36:52.160
makes this happen. These are conscious decisions by the powers that be. And you as an American citizen
00:36:59.880
are getting screwed every day of your life to support the global elites in the party of Davos
00:37:07.320
who have stopped their own production because of Greta Thunberg. And now the Russians in the Ukraine
00:37:12.360
war of what you pound in, they need the American natural gas. Who's going to pay for it? You're going
00:37:18.100
to pay for it. That tax on you is going to crush you. It's not a tax of the government, but instead
00:37:23.320
of paying two bucks under Trump, you're paying 10 bucks. Now you're going to pay 12, 13, $14.
00:37:31.400
Understand that the structure of the economy of this nation, because of the globalist
00:37:36.480
is out to crush you. It's out to crush you. You're the last person there, Dave Walsh. And Dave,
00:37:42.640
just give me, you said the other day, the Tory government's going to fall right now next spring.
00:37:47.960
Tell me what's going to happen in England, the energy costs right now. You just saw in Scotland,
00:37:52.280
we showed the picture, they're not picking up the trash because they don't have unlimited funds.
00:37:56.120
They got to send to Ukraine. But walk me through the energy costs of the United Kingdom in the
00:38:01.140
spring of next year, Dave Walsh. No, you now have a spot market price for electricity over there,
00:38:06.780
about 500 per kilowatt hour, which on a wholesale basis, about nine times the U.S. now. Typically,
00:38:13.860
their retail costs are three times the U.S. to begin with. Now wholesale costs of electricity
00:38:18.560
because of the shortage. They're shut down to coal plants, shut down to nuclear plants. And
00:38:23.380
specifically, the reduction, again, I'm going to come back to this, the reduction of North Sea
00:38:28.420
capacity from 10 million barrels a day, including associated natural gas by 65% in the last 15 years,
00:38:35.860
down to three and a half million barrels a day. A huge impact on driving prices up because the
00:38:41.160
solar and wind resource is so intermittent, so part-time, it doesn't really matter in the mix
00:38:46.360
of things. Their costs are going through the roof. Germany had a largest utility mandated a 32%
00:38:52.440
rate increase effective October 1, which will drive German electricity retail prices up to 5.54 cents a
00:39:01.260
kilowatt hour, which again is about 11 times, five times the U.S. at the present rate because of the
00:39:07.400
shutdown of nuclear and coal plants. But this, back on the domestic thing, we can export heavily,
00:39:15.240
but at the same time, we have to serve the domestic population by freeing up pipelines to allow domestic
00:39:21.540
use. The Atlantic Pipeline, the Mountain Valley Pipeline, the Pipeline No. 5 in Michigan,
00:39:26.560
all earmarked to be human serving, utility rate payers serving pipelines, get blocked by local
00:39:33.940
government, state governments, Democrat governments, federal government, the Department of the Interior,
00:39:38.260
all blocked while we're supporting pipelines to facilities that do mainly entirely exporting,
00:39:46.500
LNG terminals, which is not by itself a bad thing.
00:39:48.880
By the way, they're not, they're not, yes, but they have no interest in doing the other because
00:39:54.440
they don't know if the American consumers got it. They don't mind if it gets cut off. They don't
00:39:57.860
care. You got to understand something. They don't care. They, and nobody's ever explained it to
00:40:03.400
people. We're going to continue to hammer this. It's the, this is systemic. You're underwriting the
00:40:10.180
entire globalist product project. And we want to make sure you understand that it's your car is getting
00:40:16.420
repoed because of this. You're behind in your rent because of this. You're behind in your mortgage.
00:40:21.560
You're going to be foreclosed. That little bit of equity has going to get all wiped out. You got
00:40:24.980
the start over again, but you can't because you had a bankruptcy. 20 million homes. This is not
00:40:31.260
Breitbart or War Room or Citizens Free Press or the, or the Toff Brothers over at Gateway. This is
00:40:37.800
Bloomberg. They finally came out, quite frankly, I think because the show's been all over, they finally
00:40:43.260
came out and said, Hey, you know what? We took a look here. This is quite interesting. It's a tsunami
00:40:48.800
of cutoffs. How do you go from no stories to a tsunami? It's a tsunami. 20 million households in
00:40:57.980
this country. How many of those households have had, we're coming up on the next couple of days on the
00:41:04.200
anniversary of the extraction under fire, the 13 brave patriotic Americans, right? I think what 50% of
00:41:12.820
Hispanic from El Paso, Texas, how many households in this country are black or African or black,
00:41:19.520
African-American and Hispanic are being cut off, right? And how many of that is serve their country,
00:41:25.540
right? As patriots and foreign battlefields and, and the, and the, and their parents and their
00:41:30.440
grandfathers and grandmothers, right? They're being cut off to underwrite the globalist project.
00:41:36.440
And here's the thing. It's the German elites and the French elites and the party of Davos
00:41:42.260
that led Greta Thunberg, who's quite frankly financed by, and this cash comes from the KGB and from
00:41:48.340
Russia to do this insanity of a transition that even if you theoretically believe in it takes decades
00:41:55.680
and decades and decades. And Dave Walsh has got to come on here all the time and say, you know,
00:41:59.300
the solar and the wind, which you see in commercial after commercial, after commercial,
00:42:02.960
you think it's power in the world. It's 4% and it's in and out. It's nothing. It's a fantasy.
00:42:08.760
It's performative. We're talking about the basics, the nation, the repo on your cards. You've put,
00:42:16.180
you've put 46 billion on your credit card to get by, and they're going to foreclose on that here quite
00:42:20.880
quickly. They're, you're back on your rent. They're foreclosing on your mortgage. And now they're cutting
00:42:26.040
the power off. You don't think this country, you don't think the working, no, Ed Luce and Willie Geis
00:42:32.500
and the MSNC producers that did the Viscount of Marlboro segment. They're not in a depression.
00:42:38.340
The champagne's popping out in the Hamptons, right? It couldn't be better. Dave Walsh real
00:42:44.140
quickly, sir. Uh, give us, uh, give us your, uh, how do people get to you on social media to see
00:42:48.940
Dave Walsh energy? Dave, before that, just the Cortez remarks, I spent a lifetime building
00:42:54.780
power plants in Mexico, Colombia, Bolivia, Puerto Rico, all those, the utilities in those countries
00:43:00.340
programmed in 10 to 15% non-paying customers and those who would steal power from the lines
00:43:06.080
because they couldn't pay. It is, it is shocking to know that in this country, we're now in kind
00:43:11.280
of in that place so quickly. Anyhow, it's at Dave Walsh energy.
00:43:15.840
Oh, no, stop, stop, stop. I'm going to keep you over to the next committee. We got to get to,
00:43:20.500
we got to get to this. You just named something. We're a third world country for half of our
00:43:25.900
population. And that population is going to revolt and we're going to lead it all next in the war room.
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00:45:04.480
Okay, welcome back. We're going to go right to Dave Walsh from Press for Times who came and bring
00:45:08.800
the show back in. Let's go to, let's go. Dave, you made an incredibly powerful point that you built
00:45:14.960
these power plants all over the world and the executives there say, hey, look, we know 10 or 15%
00:45:19.280
aren't going to be able to pay us ever. They're going to have to bootstrap and get their power for
00:45:23.380
free. We understand that. We program into the economic model. Is that where the United States
00:45:28.160
of America now is, sir? We're absolutely headed there at these costs. Let me give one example of
00:45:34.120
that. I mentioned Mexico. I had the privilege of working with Enrique Ochoa. He was the president of
00:45:38.940
CFE, later became the head of the PRI in Mexico. When he was running CFE, he invited foreign investment,
00:45:46.020
offshore investment in to do co-development of 16 large frame combined cycle power plants to displace
00:45:53.620
their oil-fired power plants to drive efficiency way through the roof, provide lower cost of power
00:45:59.300
to Mexican people. In states that he identified were impoverished states, energy impoverished states
00:46:05.820
using resources Mexico had, natural gas and oil, mainly natural gas to fuel modernizing power plants,
00:46:13.140
not wind and solar. This is between 2013 and 2018. He initiated this program, 10 plants built with
00:46:21.140
foreign investment being private public owned monies, and about six being built directly by CFE.
00:46:28.080
Brilliant strategy. The whole purpose, goal and objective was to electrify the impoverished states
00:46:33.260
in Mexico because he had a chart. He understood things very well. Economic development is spurred on by
00:46:38.980
electrification and low cost electricity for industry and human beings. So here, doing the right thing
00:46:45.900
for people in that case, not wind and solar, not wind and solar, things that matter for low cost energy
00:46:52.500
and the availability and access to energy to people and industry. I saw Mexico is a privilege to be
00:46:59.080
involved in doing that for them, a privilege. And here we're going the polar opposite direction.
00:47:04.560
We're going the opposite way in this country. 20 million households can't make, can't, can't have their
00:47:09.140
energy cut off. Dave, real quick, give you your social media so people can track you.
00:47:13.480
It's at Dave Walsh Energy on Getter. Thank you, Steve.
00:47:16.880
Thank you. 20 million. They, they program in with Mexico, they program in Columbia,
00:47:20.720
15 to 20 percent of the people can't pay, won't pay. They just can't do it.
00:47:24.600
That's what you're going to hear in the United States. Third world country energy. Let's play the cold open
00:47:28.880
for Joe Crouch at iTarget. United States Senate, Chuck Grassley of Iowa going on television and
00:47:34.320
saying armed IRS agents with AR-15s are going to kick in the doors of small business owners.
00:47:39.980
It's a conspiracy theory that has taken hold at the highest reaches of the party.
00:47:45.240
It is. And of course, I mean, we've seen it before. This isn't new.
00:47:48.220
I can't stand the Vican Marlboro's voicemail. Here's the thing. They're trying to say like
00:47:51.700
we're apparently this farthest thing from it. The constitutional sheriff, Sheriff Max will be
00:47:55.480
on this afternoon. Had a little technical problem. But these guys are trying to make it like
00:48:00.020
you're bad people. You're not bad people. Okay. In fact, you're the backbone of this nation.
00:48:06.820
I want to bring in iTarget now. Joe, walk us through the service that you guys provide
00:48:12.780
for people that want the fundamentals of how to defend themselves, sir.
00:48:18.500
Thank you, Steve. Now more than ever, we probably need to be saving a little rant,
00:48:22.520
all of our ammo and not wasting it on a gun range. Yet we still need to practice. So that's
00:48:28.320
why iTarget was invented. So what I have here is a laser that goes into your actual gun and the
00:48:34.140
firing pin hits the back of it and then allows you to actually train and see where your shots are
00:48:39.860
hitting. And I'll show you how this works here. I'm going to move my camera to show you the system.
00:48:46.220
This is, by the way, this is particularly for people. And if you've got people in your family,
00:48:50.400
look, if you're an expert, you can train and you can get better practice. You don't have all the
00:48:54.240
costs of the ammo so expensive, but this is also to train particularly family members. If you've got
00:48:59.620
your wife or people that are just now coming to firearms, it's make sure they can go through the
00:49:04.120
repetitions over and over and over again. Don't have to go to a gun range. Don't have to go through
00:49:09.000
all the costs and expense of that. Not that gun ranges are bad. They're fantastic, but you don't,
00:49:13.520
and you can just do, because remember, it's just like in football or baseball, you need reps or
00:49:17.320
basketball. You need reps. You need to get comfortable with this. So Joe, take it.
00:49:21.560
It's a diminishing skill, your firearm marksmanship. Even competitive shooters who
00:49:25.640
do this for a living actually train dry fire training often in order to keep those skills sharp.
00:49:32.000
So basically, the original product is here. It's the iTarget Pro system. And what you do is the
00:49:36.840
phone's camera points at the target. And then when you use the laser in your gun and shoot
00:49:41.000
on the app, you get to see exactly where the shots are hitting. But I'd like to debut today on your
00:49:49.420
show a brand new product we've been working on. It's called the iTarget Cube. And this opens up a
00:49:54.380
lot more possibilities because now instead of a single stationary target, we have these multiple
00:50:00.020
cubes that you can place throughout your house and practice room clearing drills. And these things
00:50:04.680
are controlled by an app. So I'll show you how that works. Three, two, one. The app counts down.
00:50:11.420
Then the cubes beat. 1.45, 2.26, 2.98. And the app tells you exactly how fast you're able to shoot
00:50:20.520
each of those cubes. So there's different training modes with that. You can set them up to do room
00:50:26.640
clearing drills, or you can have them go off randomly individually. And at times you, and you just simply
00:50:31.240
sit there with your phone and press the button and you can go again. So you can have them scattered
00:50:34.760
throughout your house. At our shop, we've had people doing clearing drills and, you know,
00:50:39.800
place them throughout the warehouse. And me and my employees take turns to see who's the fastest.
00:50:45.020
And the purpose of this is gun safety, is to make sure that people get comfortable.
00:50:49.340
You can use it on your own weapon, right? You're not, not some play toy gun, your own weapon.
00:50:55.760
You get comfortable. The person that obviously is the best trained can help those people that are
00:51:00.020
getting up to speed and to do this over and over again. Is that essentially, and iTarget is.
00:51:05.640
Yeah. But it's also great to save on ammo, you know, it saves you on the ammo cost and it allows
00:51:12.660
you to practice more often because really in this day and age, you have time to go to the gun range
00:51:17.720
every day or, you know, now you can sit every evening and just practice in the comfort of your
00:51:21.820
own home and keep those skills sharp. How do people go? Where's the site they go to right now
00:51:28.100
to find out more and see if they want to take the app and download it. But where do they go right
00:51:31.660
now, Joe? Yeah. Our, our website's iTarget Pro. It's letter I, targetpro.com. And from there,
00:51:38.680
you'll see both products. Like I said, the cubes are a brand new product that we just came out with
00:51:43.100
on our website last month. And today's the first time we've put them on the show. And if you,
00:51:49.300
there's some videos on there which show you how they work and lots of information there and
00:51:52.880
instructional videos for people who are hesitant, but it works to your home's wifi network.
00:51:57.520
So basically anywhere in your house where you have wifi, you can set these cubes up
00:52:01.240
and then practice running through your house and shooting the targets. There's a great video on
00:52:05.520
there on that front page of our website. And within that, there's somebody doing just that.
00:52:10.760
Joe, fantastic. Great new product offering. Want everybody to go check it out right now,
00:52:14.760
particularly if ammo costs is, we understand everybody's hurting for money right now. So if ammo
00:52:18.500
costs is going to be a big deal, go check it out and you can do as many repetitions you want.
00:52:22.260
Joe Crouch at iTarget. Thank you so much, sir. Okay. We've got a lot to go through five to seven.
00:52:28.520
We got, we're going to have some of the candidates in one, some more of the moms. We're going to talk,
00:52:32.100
we've got Mike Davis, Boris going to update his everything to the president and the FBI raid and
00:52:36.140
ransack. Also big breaking news about hydroxychloroquine, all that coming out of this
00:52:40.800
investigation in the house. And we're going to do a little more ed loose and Willie guys in the
00:52:45.600
administrative state. We've got more economics packed. You think today was intense? You ain't seen
00:52:50.760
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