Episode 2118： Nigel Farage On The Decline Of The West; The American Public Is Disgusted By Merrick Garland
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Summary
Stephen K. Bannon is joined by Nigel Farage, Mike Davis and Boris Epstein to talk about the Coronavirus pandemic, stagflation and the shadow banning of Muslims in the UK, and much, much more!
Transcript
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Well, the virus has now killed more than 100 people in China, and new cases have been confirmed
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around the world. So you don't want to frighten the American public. France and South Korea have
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also got evacuation plans. But you need to prepare for and assume. Broadly warning Americans to avoid
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all non-essential travel to China. That this is going to be a real serious problem. France,
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Australia, Canada, the U.S., Singapore, Cambodia, Vietnam, the list goes on. Health officials are
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investigating more than 100 possible cases in the U.S. Germany, a man has contracted the virus.
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The epidemic is a demon, and we cannot let this demon hide. Japan, where a bus driver contracted
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the virus. Coronavirus has killed more than 100 people there and infected more than 4,500.
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We have to prepare for the worst always, because if you don't, and the worst happens.
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War Room. Pandemic. Here's your host, Stephen K. Bannon.
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Okay, it's Tuesday, 30 August, in the year of our Lord, 2022, and we're live. We're in the War Room.
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We've got a lot to get to today. Mike Davis and Boris Epstein are going to join us at the bottom
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of the hour, talk about the government. I think it's a 40-page filing tonight. They said it's going
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to be more than the 20. They're going to walk us through everything that's happening in this
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situation with the librarian over at the archives and President Trump, because that's what it is.
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It's really about overdue library books or a library card. I want to start with the economy,
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but I particularly want to bring in Nigel Farage. I've got the great Steve Cortez is my wingman for
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the first half, and we've got Nigel Farage from the United Kingdom. By the way, Nigel,
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thank you so much for joining Getter. You know, Mike Davis is on it. Steve Cortez dominates it. He's
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at Steve. I'm some schmendrick. I'm at Steve Bannon. But it's so great to have you on. I've
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already been on your feed. It's incredible. So I think you're really going to enjoy it. I think
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you're going to love the community that's over there. It's very intense, and you're going to get
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a lot of feedback and a lot of involvement, sir. Well, Steve, you know, I want all the challenges
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to big tech to do well. Of course I do. But I've been watching over the course of the last year
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since Getter launched. I have to say, leadership is such an important thing for any country,
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company, organisation, political party. And I've got to tell you, Jason Miller is a human dynamo. The
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guy just works his socks off. He's full of ideas, full of innovation. I've been really impressed
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of what I've seen with Getter. So I've joined it, and I intend to be a full, full part of it.
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And, you know, people are crying out for some alternative. The shadow banning is getting worse
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and worse and worse. The time has come for something new to really rise up and to become
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seriously big in terms of size. And I just think Getter, of all the challenges, now has the best
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prospects. Yeah, no, I think there's some great sites out there. We try to get our content up
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everywhere. So it meets people where they are. I think True Social, these other ones are fantastic.
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Yes. I love Getter because it's just so easy to use. And of course, you know, Jason was our original,
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along with Raheem, were my two original co-hosts here, the wingman, for impeachment. And also for
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until he went to the campaign into the pandemic. Look, I want to, because I know you're jammed for time.
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And by the way, your show is absolutely amazing. I want to make sure everybody gets to your GB news
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show because you're breaking big stories and scoops all the time. You give her perspective.
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Steve Cortez has had this theory of the case, and he's had it for a long time. I mean,
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we just had a thing of Cortez and I on February 26th of 2021, 30 days into the regime,
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talking about stagflation and talking about their inflationary policies. But Steve had this theory
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of the case. He says, look, 2022 is going to come down besides all the happy talk. And this is over a year
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ago. It's going to come down to the two I's, inflation and immigration. And when I look at
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the numbers coming out of the United Kingdom, and I just, I don't know how the Tory party
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is going to exist, given what is happening with inflation in Great Britain and also immigration,
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Well, I agree. And because as ever, there is so much on both sides of the pond we have in common,
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but there are always differences. So you've got the I and the I, and we've got the I, the I and the E.
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And the E with us is energy. Ask yourself why the euro has fallen below parity with the dollar.
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Ask yourself why sterling has gone from 130 to 116 against the dollar. Steve, it's all about energy,
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because despite Biden's attempt to vandalize all the good work that was done by Trump,
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America is still pretty much self-sufficient in energy. Now, you're not exporting it the way
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that you were, but you're self-sufficient. We, on the other hand, under Boris Johnson and his wife,
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Carrie Antoinette, decided that we'd go for net zero, decided we'd be the good guys of the world,
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despite the fact, of course, that mankind only produces 3% of annual CO2 emissions. The rest comes
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from nature. And despite the fact the UK is 1% of that 3%, Johnson decided we'd export manufacturing
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jobs. We would not produce our own energy. We'd impose it from elsewhere. And that's why we are
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now in the most awful mess. Six months ago, the West was crowing. Look at the sanctions we put on Putin.
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Gosh, the Russians will suffer. Well, as it is, the ruble, sticking with the currency theme,
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is now higher than it was at the start of the Ukraine war. And the worst of it is,
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we're not just paying the price for it in terms of our bills, personally, and in terms of our
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businesses, but we've actually pushed Russia closer to China. Gosh, haven't we done well?
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Nigel, I saw something, you know, the Bank of England came out and said inflation could be as
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high as 13% by October. Citibank or Citicorp came out after that and said, no, we think it's going to be
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18.1%. And Dave Walsh, our contributor, our contributor for energy said, hey, what they're
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not even thinking about calculating in energy costs in the United Kingdom could go up fourfold
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by next spring. And I thought you guys had North Sea oil, you've got all the coal in Newcastle,
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you've got tons of resources. Why are energy costs exploding? And why is inflation? I mean,
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you're making us look like pikers and we're in terrible shape. Well, two things here. I mean,
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the first is that we've absolutely refused to tap the natural gas reserves that we have onshore in
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the UK. Now, of course, onshore exploration is much cheaper than North Sea exploration. It is
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estimated that the gas reserves we have in the north of England are valued at somewhere between
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one and two trillion dollars. We haven't as yet extracted a single barrel. Why? A massive
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propaganda campaign against it, as it turns out, funded by many, many Russian sources. But of
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course, you know, the modern Conservative Party have become lefty greenies, certainly under Johnson
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they were, maybe next week under Prime Minister Trust that will change. And the second point is this,
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as a net importer of substantial amounts of gas and oil. All of those are priced in dollars. The
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lower sterling sinks on the exchanges, the more pounds we have to use to buy that gas and oil.
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So the Citibank prediction of 18% is based on sterling at its current levels. If, and I suspect I may be
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right, there's going to be a run on the pound over the course of the next few months, it's not impossible
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How can a political party, right now you're in a transition, but how can a political party, I mean,
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you're the guy that fought so hard to get the United Kingdom their freedom through Brexit. How can a
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political party that's supposed to be Conservatives, how could they, how are they going to withstand 20%
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inflation, and, and this immigration that still looks like it's out of control, at least if I look
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at your videos, in the United Kingdom, how do they survive? Steve, Boris Johnson would not have even
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been Prime Minister without me. The Conservatives would never have had that majority without me.
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I literally laid out the route map for them. I turned them around 180 degrees on membership of the
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European Union, and the voters, and then in 2019, I kind of withdrew and said, Boris, right,
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you have it, it's yours. Let's get, you know, let's get Brexit done. What I didn't realise was
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the extent to which his career cynicism, and most around him, meant they actually didn't mean it.
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They used it for short-term electoral advantage. The Conservative Party in our country is about as
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conservative as Mitt Romney for the American audience, and they've been found out, and frankly,
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unless this new Prime Minister, Liz Truss, and it will be her next Tuesday, who you'll see outside
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Downing Street, unless she turns this around, they are headed for a 1997-style wipeout that they got
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at the hands of Tony Blair. I tell you what, Steve, I will not vote for them. I cannot vote for a party
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that got a majority on getting back control of our borders to see gangs of Albanian criminals
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crossing the English Channel in their thousands. It is disgusting. It is a complete disgrace.
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Nigel, you mentioned Putin a minute ago and the situation in Russia, and Steve Cortez is going to
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give us some analysis on that, about how well the Russian economy is doing because of energy.
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Mikhail Gorbachev, I think, was announced. He passed away today. Do you have thoughts?
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Oh, I certainly do. I think there are a few men in history who go down genuinely as great men.
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I believe that Gorbachev is one of them. He had the most incredibly tough job to oversee
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the demise of a Soviet Union that had been there for all those decades. Mrs. Thatcher, of all people,
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the Iron Lady, as she was called, because of her approach to a series of presidents of the Soviet
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Union who were more like waxwork figures in the end than human beings. And Thatcher said,
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this is a man I can do business with. We may have different cultural backgrounds, but we can
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do business. And Gorbachev went all the way from not just overseeing the fall of the Berlin Wall,
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but appearing in an advert for Pizza Hut. You know, he wanted modern Russia to be a democracy,
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and he wanted it to reach back out to the West. And the odd thing is, very often the great men in
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history don't get the accolades they deserve. And he dies age 91 as a figure who was deeply
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marginalized within his own country, which is sad. Very often the battle honors go to the wrong people.
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You mentioned Putin earlier. You know, you think about President Reagan,
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the Iron Lady, Margaret Thatcher, and Saint, the Pope, John Paul II, that brought down,
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helped to bring down the Soviet Union. Did we squander, did the leaders of the West,
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and really the people in the West, Western Europe and the United States, did we squander
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that potential peace brought us? Well, I think there were two things that happened here, Steve. I think
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that kleptocracy took over in Russia, sadly, as that transition took place. But we ourselves,
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made a complete and utter hash of the whole thing. We decided, for reasons that I've never
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understood, that despite promises made, that we would expand and extend NATO and the European Union
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further and further eastwards. And the more we pushed to the east, the more we drove Russia back
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into being an insular and somewhat paranoid country. It's not all our fault, but we certainly contributed
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to it. And perhaps the biggest tragedy on the day of Gorbachev's death is that Russia now is becoming
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ever more aligned, ironically, for the Chinese Communist Party than those of us in the West.
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It's a very, very sad outcome. You know, I'm sure, Steve, you felt as I did. And I was actually in
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Germany the day the Berlin Wall came down. We all felt a sense of joy, of liberation. Something
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magnificent had happened. A better future had to come. Well, it's disappointing.
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Nigel, tell us about the show. How do people get to your show? How they get to you now on Getter
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and your other social media? Because you're a beloved figure here in the populist nationalist
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movement, not just in the United States, but throughout the world.
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Well, the English-speaking peoples of the world, as Churchill identified 80 years ago, we share
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so much with each other. GB News is easy. Just GB News. Get the app. Download it. It's free
00:13:03.900
in America. You can watch it. You can see it on Catch Up. And for me, it's nfaraj.com. Everything
00:13:10.620
is there. All my details are there, including, Steve, Getter.
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Are you going to ease up ever on Piers Morgan on ratings? Are you going to give him a little
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bit of your audience? Or are you going to continue to pound? I'm kind of feeling sorry for Piers,
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Any man that masquerades as being a friend of President Trump's, then stabs him in the back,
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pretends that he walked out on the interview, and you're asking me, you're asking me, will
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I ease up on a hypocrite and a liar like that? You must be having a laugh, Steve, Brandon.
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So, Nigel Farage, thank you very much for joining us. That's the answer I wanted. Thank
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you very much for joining us in the war room. Appreciate it, sir. Nigel Farage, now on Getter.
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And you heard it right there. Nigel says he's not voting for the Tories. I mean, that's pretty
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shocking. Okay, we're going to take a short commercial break. I've got Brother Cortez.
00:14:04.180
We've got a chalk talk, some turmoil in the markets. I think Cortez's theory of the case,
00:14:11.780
and he'll expand upon what Nigel said, is that this turmoil is not going to end this week. It's not
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going to end next week. It's going to be the new normal, the new normal course of business. Okay,
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short commercial break. Steve Cortez with all the numbers in the charts in the war room next.
00:14:28.200
Everything's just beginning, but the games you want to play. Bring it on and now we'll fight to the end,
00:14:39.560
just watch and see. It's all started, everything's begun, and you are over. Cause we're taking down the
00:14:49.340
CCP. Spread the word all through Hong Kong. We will fight till they're all gone. We rejoice when
00:14:57.380
there's no more. Let's take down the season. You know what's never good? When your nation's
00:15:02.500
supposed authority on economic policy completely misses the flashing red lights of impending
00:15:08.960
inflation. Now, Treasury Secretary Janet Yellen has finally admitted, quote,
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quote, there's been an unanticipated and large shocks to the economy that have boosted energy
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and food prices and supply bottlenecks that affected our economy badly that I didn't at the time
00:15:26.120
fully understand. End quote. You know who understands the real threat of inflation? People who invested in
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00:16:25.280
...for small business. An update on a really troubling and frankly tragic statistic regarding the condition of
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small firms in America. Alignable did another survey of over 7,000 small businesses in the United States
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and they found that for the month of August, a staggering 40% of them said they could not pay
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their rent. Among restaurants, the number was even worse, 46%. Among minority-owned firms, the majority.
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53% of minority-owned small businesses in America could not pay August rent. Patriots,
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these are the consequences of a Biden recession combined with soaring inflation. Let's fix this
00:17:10.040
Okay. Steve Cortez joins us. Steve, also, correct me if I'm wrong, it's up 6%. You had another analysis
00:17:18.980
and report last month, but it's up 6% since July, is it not, sir? It's not like these are high numbers
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trending down. The trend is not your friend here, am I correct?
00:17:31.380
And I'm glad you actually brought that point up. So it's up 6%. And by the way, 34% was alarming
00:17:36.020
enough, right? Now we're at 40%. We're at the majority of minority-owned businesses. But to put
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this in context, that national number, that 40% overall number, we began the year at 26%. So we're up
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50% from where we began the year. Let me pick one of the sectors out of this, one of the industrial
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sectors. Automotive, automotive-related small businesses, began the year at 21% rent delinquency,
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presently at 44%. It has more than doubled. So the trend is incredibly troubling here. The trend is
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not at all our friend. And as a matter of fact, every month of this year, Steve, but one, it has
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trended worse. In other words, it only downticked very slightly for one month. The other seven months
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of the year, it got demonstrably worse every single month. And so, you know, I put this out there,
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number one, to educate folks, because they need to know the reality of what's going on,
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the reality that they largely won't hear from corporate media. But number two,
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to make sure that there's a sense of urgency and immediacy out there. Because, Steve,
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the clock is ticking. These are depression-type numbers. Forget about recession. That debate's over.
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These are depressionary-type numbers. And I want the deplorables out there to be motivated,
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to be captivated, to be animated, and to have a sense of urgency. We have 70 days to go until this
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election. And believe me, if we don't arrest this trend, if we don't start to reclaim our
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sovereignty as a country, if we don't start to reclaim our prosperity as a country, which starts
00:19:00.140
with reclaiming energy, domestic energy production in this country, then we are in for an even more
00:19:06.140
intense world of hurt. And, you know, if I can, Steve, too, I just want to comment on the great
00:19:09.980
Nigel Farage and what he had to say. It really struck me, if we put this in context, the U.S.
00:19:14.740
and the U.K., there is a malaise, unfortunately, that is common to both countries right now. And
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this imbroglio, which the United States and the U.K. share, if we put that in context, for most of
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the last century, Steve, the U.S. and the U.K., they were the undoubted, unrivaled leaders of the
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world in a special relationship with each other, America and England, but also the leaders, the
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really unquestioned leaders of the Western world. And the fact that both of them right now
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are competing, as it were, for this very ignoble title of the worst economy in the developed world.
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It's really quite sad and quite tragic. I submit to you, unfortunately, that the United States has
00:19:49.400
an even worse economy than the U.K. They are worse on the inflation front, but I would submit that we
00:19:54.340
are worse on the growth front. But regardless, there's really no doubt when you look at the
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totality of the metrics and the data and the evidence that these are the two worst economies
00:20:01.960
right now in the developed world. Although, listen, that doesn't let the continent of Europe off the
00:20:06.200
hook at all, because the continent, you know, as you've spoken about very eloquently and persuasively,
00:20:10.860
is floundering right now and is facing a winter that will, in some prospects, be perhaps almost
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medieval in terms of heating homes and businesses on the continent of Europe. This is no longer the
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Europe of Conrad Adenauer and Charles de Gaulle. And these are the consequences. And this is where I
00:20:26.420
want America, though, not too late for us, America to learn a lesson, to take heed, to learn from the
00:20:32.140
cautionary tale of where Europe already is regarding energy. Europe decided before the United States
00:20:38.840
did to fund both sides of a war in Ukraine, of what should be a regional skirmish, to fund both
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sides and massively escalate it into an international crisis. And here are some of the results of that.
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The Wall Street Journal, which generally is a paper that loves globalism. The Wall Street Journal
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yesterday, this was their headline. I put it out on my social media.
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Russia confounds the West by recapturing its oil riches. And then the subheading,
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Moscow is raking in more revenue than ever. OK, so that is the reality. Putin and the oligarchs
00:21:11.000
are doing just fine. They're doing just fine in the Ukraine, by the way, as well. The good citizens
00:21:15.780
of Europe are already suffering. And unfortunately, this winter portends even worse ahead. America,
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wake up, look across the Atlantic and see what is in front of us if we don't reverse course. And a huge
00:21:28.280
part of reversing course are these elections. Thankfully, we have human agency. We have the
00:21:32.500
ability to decide for ourselves that we are going to once again harness American energy for our security,
00:21:38.900
for our prosperity. And these numbers, getting back to my chalk talk, these numbers tell us
00:21:43.560
that Main Street businesses have no time to waste. They are in a dire predicament right now. They are
00:21:49.900
literally in a corner when 40 percent of your businesses cannot pay their rent in full for
00:21:55.080
the month of August. And this is a large sample size, Steve, over 7000 total firms. That tells us
00:22:01.220
that, again, I can't emphasize enough the sense of urgency that is needed out there among the Patriots.
00:22:07.540
You know, CNBC had two economists. I think they had the guy from Morgan Stanley Asia, I think Steve
00:22:12.060
Roach, the head, the head economist over at Johns Hopkins, the great university. And they and they both
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said once it would take a miracle for to avoid a recession in 2023. The other said, hey, with how
00:22:25.580
that much they put in money, inflation is going to be out of control. You have a major recession.
00:22:29.720
Nigel's gave you the bad news right there about the 18 percent inflation. He says, hey, that's
00:22:33.280
that's in dollars today. He thinks it's over 20. I wanted to say everybody go to birchgold.com
00:22:39.420
right now and get the end of the dollar empire. This is the first part's totally free of the series
00:22:44.320
I'm doing tomorrow. We're putting out part two, which is about the falling reserve currency.
00:22:50.660
And thank God we're the reserve currency right now or we'd be in a situation like the United
00:22:54.900
Kingdom. That was the reserve currency before he took its place in the pound. Steve, talk
00:22:58.900
to us about the turmoil. I love this concept you've got, which I talk about fourth turning,
00:23:03.740
but you're saying, hey, baby, from the pits of the Chicago exchange, you know, from the pits
00:23:07.800
in Chicago, the new normal is turbulence. Steve Cortez. No, listen, I think, unfortunately,
00:23:13.700
all of us just need to to realize that the world is volatile, right? It's not just financial markets.
00:23:18.400
We're certainly seeing volatility there, but that's a reflection of the larger whole. And what I mean
00:23:22.700
by that is that there's going to be political, cultural, national security and economic volatility.
00:23:28.280
Why? Because we've come out of an era of globalization where there was largely consensus,
00:23:33.200
certainly among the ruling class, because it's so benefited among all the Western countries,
00:23:37.700
as well as the rulers of China, the junta that rules through the CCP, the Chinese people.
00:23:42.660
There was largely consensus over globalization. Well, globalization, of course, resulted in nothing
00:23:48.300
but turmoil for working class people all over the world here in the United States. The real genus
00:23:53.040
of the pushback, the birth of the pushback was the Tea Party that then crystallized into the
00:23:57.620
America First movement and the candidacy of Donald Trump. It is a movement that now starts to broaden
00:24:02.500
and take power in this country. But that movement, as wonderful as it is, and as much as I believe
00:24:08.080
it is going to dominate politics in the future, both here and abroad, it is part of a larger whole
00:24:13.820
of volatility. So I think people need to rethink their paradigms, reset their expectations for
00:24:21.080
financial markets, for the economy, for politics. We are in an era not of peace and globalization.
00:24:26.220
We are in an era of strife and volatility in this country, caused by the globalists,
00:24:31.960
caused by the globalists, selling a false bill of goods to the detriment of working class people,
00:24:36.540
for the self-aggrandizement, for the selfish benefit of the ruling class of the United States.
00:24:42.400
And the pushback is intense. And ultimately, look, we will prevail, we meaning the good citizens of the
00:24:47.400
country, the working class people of this country. But there's a lot of volatility in the meantime.
00:24:50.820
Speaking of volatility, regarding financial markets, because again, I always like to give
00:24:54.440
evidence and data. And if I can, I want to bring a chart. So let's show a chart, if we can here,
00:24:58.780
chart number one, please, of HYG. This is the High Yield Corporate Bond Index. So this is a ticker.
00:25:05.740
This is a stock, effectively. It's an exchange-traded fund. But in one ticker, in HYG, you get a grouping
00:25:11.940
of massive amounts of high-yield corporate bonds. High-yield meaning these are riskier companies.
00:25:17.240
So these aren't your bread-and-butter companies like, say, a Microsoft or companies like that,
00:25:21.760
General Motors. These are riskier companies that are issuing debt. These are the bonds
00:25:26.380
of those companies. Often, you'll hear this referred to as credit. When you hear people
00:25:30.400
who are in the financial markets use the word credit, this is what they mean. They mean corporate
00:25:34.160
bonds. And if you talk about high-yield credit, it's a bit riskier. This chart goes back to when
00:25:39.780
Joe Biden took office. And if you can see, like in so many metrics, Steve, he inherited a lot of
00:25:45.000
stability. The corporate bond market was very, very stable. It was stable throughout President Trump's
00:25:50.900
tenure. Even with all the problems of 2020, it rebounded entirely by the end of 2020. And the
00:25:55.980
handoff from Trump to Biden regarding corporate debt was very stable, very low volatility. As you
00:26:02.360
can see on that chart, though, once the policies of Joe Biden started to kick in, his attack on
00:26:07.440
American energy, the exorbitant borrowing and spending that he and Pelosi and Schumer embarked
00:26:12.220
upon, massive inflation and turmoil in the economy. You can see that high-yield bonds, which are
00:26:17.660
typically boring, Steve. Bonds are typically boring. They've been anything but in the Biden era.
00:26:22.700
They started to absolutely careen lower. And high-yield bonds right now, via the HYG,
00:26:30.280
credit is down 14 percent since Biden took office. It's down 5 percent, by the way, just in the last
00:26:36.100
couple of weeks, off of the highs of just a couple of weeks ago. It got tanked again today. Steve,
00:26:41.300
these are massive moves. And in some ways, you know, I talk about this a lot. I know stocks can be more
00:26:45.940
fun. I think they can be more glamorous and more sexy. But stocks are for show. Bonds are for go.
00:26:51.160
OK. Bonds are more important to most people's lives, frankly, than stocks. We watch it all,
00:26:56.220
but bonds are more important. And when we look at the credit markets breaking down like this,
00:27:00.200
this is a terrible, terrible sign. And attention must be paid.
00:27:06.980
The credit markets also look for policies that bring stability. One of the reasons you've got
00:27:11.780
this turmoil, real quickly, we've got about 45 seconds here, and I want to hold you through the
00:27:15.680
break. When you've got this type of turmoil, it affects people. This is what's going to affect
00:27:19.740
employment. This is what's going to affect your credit cards. All of it. Walk through how important
00:27:23.440
the bond markets are for that. No, exactly. And particularly the U.S. bond market, by the way,
00:27:28.320
right? Because you talk about the dollar being the reserve currency, which it is. Well, the U.S.
00:27:32.000
treasury market, our debt market, where the government borrows money, is the world's reserve debt
00:27:36.620
market, effectively. All interest rates globally are priced off of it. Everything in your life,
00:27:40.740
whether you know it or not, in terms of debt, is priced off of the U.S. 10-year treasury note.
00:27:45.520
Your car loan, your auto loan, credit cards, all of it. And the fact that bond markets are rolling
00:27:49.860
over this way. Now, when I say rolling over, that's rolling over in price. As the price goes down,
00:27:54.000
the yield, the interest rates go up. This is a situation of incredible volatility for individuals.
00:28:00.840
It's one of the reasons why individuals are piling on credit card debt, and it's getting more and
00:28:04.880
more dangerous for them. Steve, just hang on for one second. I'm going to hold you through the break.
00:28:08.980
I've got Mike Davis, Horace Epstein. A lot happening in the Mar-a-Lago situation. We're
00:28:13.520
going to wrap up with Steve Cortez, get to all that next in the world.
00:28:23.820
Are you feeling frustrated and powerless in the face of sky-high inflation? Well, here's what you
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00:29:42.880
War Room Pandemic with Stephen K. Bannon. The epidemic is a demon, and we cannot let this demon hide.
00:29:50.160
War Room Pandemic. Here's your host, Stephen K. Bannon.
00:29:57.280
Okay, mypillow.com. Promo code WARROOM. You're bundling them off to college. Make sure you're
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shell that is Michael and down. Of course, you're humble servants here at the War Room.
00:30:32.740
Steve, you went after Fed President Bostick the other day. I tried to defend him and say,
00:30:38.520
hey, look, I don't mind if you do the George Floyd, but give me some Richard Fisher when
00:30:43.020
you talk about the African-American community getting crushed by Fed policy, starting with
00:30:49.000
Obama and Bush. Bush calls it in Obama. And you see it right here. The poor minorities are
00:30:55.380
50, what, 53 percent haven't been able to pay August rent. They're always getting it.
00:31:00.960
So, but quote me some Richard Fisher. But today, the New York Fed, because you're starting to see
00:31:05.880
some truth come out. They're breaking ranks. And I think New York Fed, and people should know,
00:31:11.400
New York Fed is the trading desk for the Federal Reserve. This is how they actually get cash into
00:31:16.200
the system. It is the most important trading desk in the world, is it not, Steve Cortez?
00:31:22.340
No, it absolutely is. And look, you know, the truth right now, unfortunately, for Fed officials,
00:31:26.100
it's just, for them, unfortunately, it's just unavoidable, right? They tried to lie to the
00:31:29.820
American people for so long. But you can't spin people about their kitchen table reality
00:31:34.360
of their bank account and their credit card tab and the fact that their bills are passed, too.
00:31:38.400
You simply cannot spin that. No amount of spin will ever suffice. And regarding these regional
00:31:43.000
Fed presidents, just to give folks a quick view into how the Fed works, you have these regional
00:31:46.620
presidents, and you're right, Rafael Bostic is the president of the Atlanta Fed, and I've been
00:31:50.540
extremely harsh on him. I think deservedly so, because he said that 18 months ago, inflation was,
00:31:55.800
quote, unimaginable at these levels. And I point out that, look, this Irish hammerhead named Bannon
00:32:02.520
and this Colombian meathead named Cortez, we sure could see it. How is it possible that somebody with
00:32:08.100
a PhD from Stanford with an army of PhDs working for him couldn't see it? I'm not going to buy that
00:32:13.660
excuse, and we're not going to let him off the hook. But regardless, these Fed presidents in the
00:32:18.880
regions around the country, they, on a rotating basis, serve on the Federal Open Markets Committee.
00:32:22.960
There's one that doesn't rotate, and that is the New York Fed. The New York Fed is always on
00:32:27.140
the central committee, as it were, of the Fed, because the New York Fed is really first among
00:32:31.240
equals, which makes sense, given the centrality of New York to the financial system of the United
00:32:35.400
States. So today hitting the wire, and markets had another rough run today, not just credit,
00:32:40.300
which I showed previously, but overall another rough run today. And the main reason, I think,
00:32:43.820
are these comments out of the president of the New York Fed, John Williams. Here's what he said to say,
00:32:48.360
had to say, he said, he expects interest rates to continue higher and to remain at those levels
00:32:54.580
until inflation is subdued. Until inflation is subdued. Now, there are a lot of folks on Wall
00:33:01.020
Street who said, OK, Fed needs to raise rates, sort of crush inflation, and then we get right back to
00:33:05.200
the happy days of low rates, you know, at zero rates or near zero. And the New York Fed president
00:33:09.500
is saying, wait a second, guys, rates are going up, and they are going to stay up. That's the reality.
00:33:15.000
And according to, you know, who is John Williams, other than just being the New York Fed president,
00:33:18.500
which is important enough, according to CNBC, and this is a quote from them, they say, Williams,
00:33:22.720
Fed Chair Jerome Powell, and Vice Chair Lael Brainard make up the central bank policy's brain trust.
00:33:28.600
Now, I'm not so sure that there is a brain trust, but CNBC is directionally right that those are
00:33:33.320
the three who are charting the course for the Federal Reserve. So to have John Williams tell us that
00:33:38.400
today, even the Fed, right, which tried to hide, which tried to put its head in the sand, which tried to lie
00:33:43.420
to the American people, even the Fed now recognizes this is an absolute systemic crisis. It is crushing
00:33:49.620
the American people, and it's going to take long-term action from them. There is no easy fix at this
00:33:55.460
point. They put themselves in this corner, and unfortunately for the American people, there's
00:33:58.920
simply no easy fix from here. Cortez is going to join us tomorrow. We're going to walk through
00:34:03.820
what Joe Biden should say to the American people about the economy. This nonsense about MAGA being
00:34:09.120
a semi-fascist is ridiculous, but what he should do is have a blunt talk with the American people
00:34:14.760
about where we are economically and financially. Steve, what's your social media? Between now and
00:34:20.340
then, how do people get to you? Yeah, please find me, my chalk talks and everything else. I'm at Steve
00:34:24.980
on the getter, and then I'm also still on Twitter at Cortez, Steve Cortez with an ass.
00:34:30.100
Steve, thank you very much. I want to go to Mike Davis. Mike, I bring you in here always. You do the best
00:34:35.200
job, and now you're up on Fox and all these other places doing great work, and your logic is spreading
00:34:41.380
far and wide, but I want to ask you something that's maybe not a legal question. Given where we are as
00:34:47.160
a country, and you had mentioned the debt the other day on the 9 or 6 or 8 trillion dollars, given where we are
00:34:52.740
as a country financially, which is more horrific news today for entrepreneurs, the Fed, you know, the New York
00:34:59.480
chair, president, saying, hey, this is going to take a while, and we're not going to go back,
00:35:04.220
and we're not putting the punch bowl back out there. In perspective, this Mar-a-Lago, is this
00:35:09.840
total noise or signal, sir, this fiasco in Mar-a-Lago, and to your opinion?
00:35:16.660
Well, I think it's a cover-up. I think it's a cover-up, and they're trying to cover up
00:35:21.220
what Biden, Obama, Hillary, Clapper, Susan Rice, FBI intel regimes did to President Trump in 2016
00:35:31.960
with the Russian collusion hoax, and President Trump declassified those records. He took a
00:35:38.540
personal copy. He had them at Mar-a-Lago, and, you know, this whole raid is about getting back
00:35:43.060
those records. They're pretending like this is about classified records, and Trump was going to leak
00:35:48.440
out our, you know, most classified secrets, which is just complete nonsense. It was about getting
00:35:52.740
those records. So, you know, it certainly is a good political distraction for the Biden
00:36:01.780
administration to be talking about this right now instead of the failures of their regime,
00:36:06.100
including inflation, including crime, and including their disastrous policy. So it's always good
00:36:13.840
How does he go in front? By the way, they're going to have a 40-page
00:36:17.140
analysis, and I'm going to get to that in a second, but he's going to go in front of the
00:36:20.460
nation tomorrow and basically say all the Trump supporters are semi-fascist. How does he do that
00:36:25.840
with a straight face, given the way his Justice Department and the FBI have comported themselves
00:36:31.860
It's unbelievable. I mean, the Democrat supporters want to burn down churches, firebomb, crisis pregnancy
00:36:38.120
centers, kill Supreme Court justices, burn, loot, and murder, BLM, from the June 2020 on. They cost
00:36:46.940
$2 billion in damage and dozens of people killed, but it's the Trump supporters who are dangerous.
00:36:52.100
This is just unbelievable that he's doing this. It just shows how small and pathetic President
00:36:59.120
Biden is. I mean, he has nothing he can actually run on, even when he thinks he has successes, like
00:37:06.520
passing on a half trillion dollars of student loan debt for his campaign supporters on to truck drivers
00:37:15.500
and plumbers. He thinks that was a success. He has nothing to campaign on, so he just wants to push
00:37:20.600
fear and division, and that's all this is about.
00:37:22.700
Go through. There's supposed to be a response tonight. I guess the special masters and the
00:37:28.500
government said they were going to, they normally would be limited to 20 pages. I think there's
00:37:32.740
going to be 40 pages or north. Can you clarify what exactly is going on? What's the bid and the
00:37:39.340
Yeah, so the government, the Biden administration's response to the motion for, to Trump's motion for
00:37:46.080
special master to have an independent review of these documents is due tonight. It's supposed to be
00:37:51.280
20 pages, and the Biden Justice Department wants to send in 40 pages so you know it's going to be
00:37:56.940
political garbage. If you can't get your point across in 20 pages, then what the hell are you
00:38:01.360
saying? And then Trump has to respond tomorrow, and then the oral argument is set for Thursday,
00:38:06.760
September 1st. Trump has beefed up his legal team significantly. He brought on former Florida
00:38:13.660
Solicitor General Chris Keis. Chris Keis is a top attorney. He was the top appellate attorney for the
00:38:20.580
state of Florida. He's argued cases before the Supreme Court. He worked at a big law firm, Foley
00:38:25.260
and Lardner. He is a great addition, and he's going to complement the Trump legal team very well.
00:38:30.240
This is exactly what Trump needed to do. It perfectly rounds out Trump's legal team so we
00:38:36.220
can have someone writing the legal briefs and preserving legal issues for appeal, because this
00:38:41.040
is almost certainly going to go to the Supreme Court. We saw with Merrick Garland, he put out an order
00:38:46.820
to 90,000 Justice Department employees today, essentially a shot across the ballot. If they go
00:38:53.040
talk to Congress, they're in trouble. I mean, it's unbelievable, the intimidation
00:38:57.720
from Merrick Garland. So that's getting people riled up today. So there's a lot happening this week.
00:39:03.820
I think this judge, Eileen Cannon, is a fair-minded judge. She's from Cali, Columbia, immigrant.
00:39:11.260
She went to Duke for undergrad. She clerks for Judge Colleton, a really great judge on the Eighth
00:39:22.040
Circuit Court of Appeals based out of Iowa, my home state. She has been a federal prosecutor for
00:39:27.340
many years. She was at Gibson, a big international prestigious law firm for many years. She's no
00:39:32.540
nonsense. And I think she's trying to, I think she's seeing through the political weaponization
00:39:39.840
of the Justice Department because she's, she says she's inclined to appoint a special master
00:39:44.600
to sort out this document fight between a former, the office of former President Trump along with
00:39:49.980
the Biden Justice Department and President Biden. Is that why they put out immediately after the,
00:39:56.460
the, after the day after it was filed? Oh, we've already finished special masters not needed.
00:40:02.700
They're going to come in 20. Do you think the incremental 20 pages are to give some detail and
00:40:07.780
try to make it look as, as horrible as possible? You've kind of seen the inventory. You think they
00:40:11.460
actually go through and try to list to try to get political points here, not legal points?
00:40:16.520
That this is going to be, they're going to try to throw as, as much against the wall as they can in
00:40:21.420
40 pages. The fact that they're saying, Oh, don't worry about this. We already have it covered.
00:40:26.000
Well, what, what are they, what are they hiding? Why are they so worried that a, an article three
00:40:31.300
judge is going to appoint a special master to check the Biden Justice Department's homework here?
00:40:35.960
Because the Biden Justice Department certainly does not have a good track record when it comes
00:40:40.540
to President Trump, Biden, the Biden National Security Division, the counterespionage unit within
00:40:47.420
the counterespionage, within the National Security Division is corrupted. The FBI counterespionage unit is
00:40:54.060
corrupted. We've seen this with Crossfire Hurricane. We've seen this in this case where they're lying
00:40:58.920
and leaking constantly. In this case, lying about Merrick Garland didn't personally approve this
00:41:05.200
rate. That's a lie. They lied about Trump having nuclear documents. That's a lie. They lied that
00:41:10.320
President Trump and the White House did not have prior knowledge that this rate was coming. That's a
00:41:15.060
lie. They paved the way for it by waiving Trump's claim of executive privilege. And they're
00:41:19.140
constantly leaking. They're illegally leaking grand jury material to Newsweek. They're
00:41:23.820
inappropriately leaking out of this affidavit to paint this picture, this, this picture that's
00:41:29.180
supposedly bad for Trump, but actually not. And at the same time that they, they took the black
00:41:34.140
Sharpie to the entire thing. It's, you know, they couldn't get this affidavit out there.
00:41:38.320
Sunlight is the best disinfectant. They can't get this out there for the public to see, but they're
00:41:42.900
selectively leaking out of it. They're trying to try President Trump and the court of, and the,
00:41:47.040
the court of public opinion is sort of the court of law.
00:41:51.100
Let's get, I think we got Boris finally. Boris, tonight they're going to put 40 pages out. My
00:41:55.400
question is, is that they've already, you know, they already said, oh, we don't need a special
00:41:59.200
master. It looks like they're going to lose that with this judge. Are they just doing this to get
00:42:03.080
political points tonight to try to embarrass President Trump?
00:42:07.200
Well, I think they're trying to fight on, you know, on any point whatsoever they can, but they're
00:42:11.160
failing. And the reason they're failing, Steve, is because they, they already know that what they did
00:42:16.360
is unconstitutional. They already know that what they did is wrong. They know that there's no legal
00:42:21.200
standing under the Presidential Records Act for the action that they took. So now they couldn't fit
00:42:26.400
it into 20 pages. They're going to try to do 40 pages of mental gymnastics to show why somehow you
00:42:33.640
don't need a special master to review the attorney, client, and executive privilege, why you don't need
00:42:38.340
for the, you know, the actual, you know, substantive inventory to be turned over to President Trump and
00:42:44.180
his legal team. So I think that's what you're going to see. You're going to see a lot of hyperbole.
00:42:49.020
You may see, you know, you may see a lot of high language, but, you know, they can't answer the
00:42:53.160
basic question. The basic question is this. Why did the DOJ need to ransack and break in to President
00:43:01.080
Trump's home of Mar-a-Lago when there was complete cooperation and he's been in full compliance with
00:43:06.140
the Presidential Records Act? And now you've got this disaster of the FBI, the special agent in charge
00:43:10.720
being fired, and how Garland, and I think that's whistleblower interference to say nobody contact
00:43:16.600
Congress. What does that mean? That means he doesn't want any more whistleblowers like the
00:43:21.940
Okay. Hang on. We're going to take a short break. Mike Davis, Boris Epstein on the other side.
00:43:28.060
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War Room Pandemic with Stephen K. Bannon. The epidemic is a demon and we cannot let this demon hide.
00:45:15.320
War Room Pandemic. Here's your host, Stephen K. Bannon.
00:45:22.760
Okay. Welcome back. I want to go to Mike Davis. Mike, this whistleblower thing, is this real?
00:45:28.920
What did Garland send? Because you work for Grassley. You know how important whistleblowers are.
00:45:33.500
Correct me if I'm wrong. I think Trump was impeached off a whistleblower. They're essential
00:45:38.660
to the system, right? Even when the guy of Trump was, it was a perfect phone call. Did Garland
00:45:44.140
try to throttle down the whistleblowers? From what I understand, I have not actually read the memo.
00:45:49.240
I've had it reported to me from three different sources of the Justice Department and one
00:45:53.600
congressional source. But he specifically acknowledges the Whistleblower Protection Act,
00:45:59.060
how whistleblowers can go to Congress. But it's the timing of this that's so bad that Merrick
00:46:05.180
Garland thought it was a good time to send a memo to 90,000 Justice Department employees telling
00:46:11.620
them essentially, you can't go to Congress. You can't call Congress. And it's just horrific timing.
00:46:17.280
Notice that all the leaks coming out of the Justice Department, senior Justice Department
00:46:22.060
officials, there was no memo from Attorney General Merrick Garland saying that you can't
00:46:26.580
leak from affidavits in ongoing criminal cases. You can't illegally leak from grand jury proceedings,
00:46:32.820
which is exactly what the Biden Justice Department's been doing with President Trump. But they wanted
00:46:37.680
to have this shot across the bow, warning people essentially that if you go to Congress,
00:46:42.920
you're going to pay a price. Mike Davis, how do people follow you at Article 3? Because you're
00:46:49.240
working on so much more stuff than this. That's amazing, particularly your big tech, the stuff
00:46:54.680
you're working on big tech and the tech oligarchs. How do people get to you and how they follow you on
00:46:58.040
social media? Because your media hits now are all over and people should be able to follow them
00:47:02.560
during the day. Yeah, thank you very much, Steve. Let me get the message out here. It's
00:47:07.280
article3project.org, article3project.org, at article3project, at article3project. And my
00:47:14.800
personal is at MRDDMI. Thank you again, Steve. Mike Davis, thank you so much. Boris, Mike had
00:47:23.980
mentioned earlier before you were able to jump off your call and get on here about the new member
00:47:28.060
of the team. Sounds like a heavyweight. I thought the media was telling me that nobody wanted to work
00:47:32.820
for President Trump and no major law firm would touch him, sir. Well, Steve, Chris Kies is very
00:47:38.840
strong, was twice a former Solicitor General of Florida. He's great to work with. I'll tell you
00:47:43.140
this, I've gotten to know him. He's somebody who is very insightful and very smart, but also very
00:47:48.160
tough. So, you know, he's a great member of the team. And we really have a top-notch, strong legal
00:47:55.560
counsel team. We've got Jim Trustee, former head of the Organized Crime Division of the DOJ. We've got
00:48:00.960
Evan Corcoran, you know, who's a career-long prosecutor. Now we've got Chris Kies. You know,
00:48:06.400
we've got others, right? We've got Alina Haba, we've got Lindsey Halligan. The team is very,
00:48:12.020
very strong. The three leaders of the team and the outside counsel partner are going to be
00:48:16.420
Jim Trustee, Evan Corcoran, and Chris Kies. And that's what the posse should expect to see. And
00:48:21.700
I think even as you saw in some of the mainstream coverage today, this connotes a lot of strength and
00:48:27.680
very unusual for us to get coverage which says, oh, President Trump gets some heavy hitters on
00:48:33.860
board. You know, that positivity will probably last about 24 hours. But the key message to those out
00:48:38.340
there who are worried is, do not worry. President Trump, MAGA, are covered by strong attorneys who
00:48:44.480
are fighting at every juncture to make sure that we do not allow for this weaponization,
00:48:49.400
politicization of our law enforcement, stand up to political domineering, stand up to political
00:48:57.060
targeting, which is clearly happening all across the country. But let me ask you, you know,
00:49:02.340
Biden's going to get up on Thursday and make an address to the nation or try to, if the networks
00:49:07.020
pick it up, to talk about MAGA is a semi-fascist movement, all this. Talk to me about Merrick Garland
00:49:13.640
and Mike Davis's point. There's been all these leaks. And quite frankly, Merrick Garland at his three
00:49:19.540
minute press statement walks off the stage. They leaked to Washington Post immediately about nuclear
00:49:25.500
codes, which we haven't seen a queue, anything in inventory and queue at all. Right. And he puts
00:49:30.760
out a all point, you know, all points bulletin, all hands on deck for 90,000 people a day to tell
00:49:35.640
them, hey, nobody goes to Congress right inside the line of the whistleblower act. So how do we
00:49:41.160
take this? I mean, this thing looks like it's losing altitude quickly as you guys ramp up. But it
00:49:47.740
looks like it's losing altitude quickly. But they're just not going to back off. You agree?
00:49:52.200
I think that the other side is nervous. They're undoubtedly worried. Why else would they need
00:49:58.840
double the amount of space to put together a short argument? And really, you know, as Lee
00:50:02.840
Atwater used to say, right, if you can't make a hit in 10 seconds, don't bother. So the American
00:50:08.100
people have coalesced around President Trump and MAGA like they've never before. And I think that the
00:50:13.260
DOJ since then, this firing of the special agent in charge has been huge news. And this was a person
00:50:19.260
who was literally at the at the keystone, right, at the very beginning of this investigation,
00:50:24.460
President Trump, the wrongful investigation, which has culminated in the break in and raid
00:50:29.200
of his home at Mar-a-Lago. So there's absolutely no doubt that the DOJ FBI are off balance here.
00:50:34.700
They're on the back foot. And MAGA continues to be on the rise, continues to be ascended under the
00:50:40.700
Using your political hat and, you know, head of surrogates, senior advisor, do you believe the
00:50:48.000
timing of Biden talk is about the MAGA movement is showing that they are nervous? They realize this
00:50:55.000
thing has not gotten traction like they thought, except on MSNBC and the editorial pages of the New
00:51:00.380
York Times and on Drudge and on the Drudge Report. Do you think that the timing there is specific?
00:51:05.160
First, they started with ultra MAGA, right? And that became a rallying cry for us. And then,
00:51:09.940
you know, now they're calling MAGA fashions. And you've got people like Chris Sununu who are going
00:51:14.540
after Biden for doing so because they're using literally dehumanizing language about over 50%,
00:51:21.440
and I believe two-thirds of the country. So yes, I think, you know, Biden, the Democrats,
00:51:27.140
they've seen just how derided they are, just how disgusted the American public is with them.
00:51:34.420
And now you've got Biden trying to go to Philadelphia and do this speech, which I'm
00:51:38.020
sure is going to be an absolute and total disaster for him and his speckless administration.
00:51:43.640
Boris, how do people follow you now on social media and to get to your morning newsletter?
00:51:48.360
Probably more than ever, people want to stay up to date with your social media. How do people get
00:51:53.380
No doubt about it. BorisCP.com is the newsletter. Sign up right now, hot on BorisCP.com,
00:51:57.480
hot on Twitter at BorisCP, hot on Getter at BorisCP, hot on True Social at Boris, and the hottest on the
00:52:03.060
program, Boris under Scrapstein. Stay strong, God bless, and I will see you tomorrow.
00:52:07.940
Thank you. By the way, for the next hour, we're going to go to two real fighters. Tina Forte,
00:52:12.460
who's taken on AOC. I think it's up in New York 14. Also, we've got Don Baldick, another huge poll
00:52:18.340
out today from the University of New Hampshire. We've got some very special guests. We're going to be
00:52:23.360
talking about globalization, talk about the math in back of why this debt relief for the permanent
00:52:31.300
students is going to incentivize people to get worse degrees and spend more time in college. And
00:52:36.800
of course, we're going to have Naomi Wolf and Brian Kennedy. Brian Kennedy is going to actually
00:52:40.320
deconstruct the Barry Weiss interview with Bill Barr, the attorney general under Donald J. Trump.
00:52:46.360
We've got a lot. The 6 o'clock show is going to be on fire. Okay, make sure also tomorrow,
00:52:52.540
go to birchgold.com slash Bannon4 slash Bannon to start to get the free report on the dollar
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falling as prime reserve currency. See you at six.
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