Episode 2120: A Post Dollar World Is Coming; The Democrats Are Wanting To Transform All States Into California And Illinois; New Boosters For Omicron While Pregnant Women Feel The Effects Of The Previous Doses
James O'Keefe's undercover video of a New York City high school principal goes viral and goes viral. Project Veritas can do nothing about it, but we can do something about it. Join us as we bring you the latest on the latest in the Coronavirus epidemic, the Black Plague, and more!
00:04:21.700The first part was kind of the politics of money.
00:04:24.320The second part is going to be the United States is the falling reserve currency.
00:04:27.760And, hey, it's just not the war room that thinks this.
00:04:31.120The Financial Times of London has an amazing column out that essentially supports – they say it's not going to happen today.
00:04:37.840But trust me, everybody in the world is going out.
00:04:40.660And, Steve, they say over the last 500 years, the five empires have each had about a 100-year run as the prime reserve currency, or a 96-year run, I think they say.
00:04:50.740And now the dollar is just about over 100.
00:04:55.540Yeah, so listen, the Financial Times, to your point, it is really the morning paper for the World Economic Forum, for the Davos set globally.
00:05:03.760So this is a big deal that they're coming to a place, and this, of course, often happens.
00:05:07.520We see legacy platforms get to places where we already were, meaning the patriotic populist movement and your show of War Room.
00:05:14.340But they're starting to agree that the dollar is in tremendous danger right now of losing its reserve status.
00:05:20.680Joe Biden, unfortunately, took an historic gamble with the dollar.
00:05:24.880He really rolled the dice because of the regional – what should be a regional standoff in the eastern portion of Ukraine between that country and Russia.
00:05:31.820He used tactics against Russia, monetary tactics, to try to cut them off in the world financial system that were not even used against the Japanese or the Nazis in World War II.
00:05:42.240That's how much he escalated things financially, very much encouraging the rest of the world, particularly the non-West, to try to seek non-dollar alternatives.
00:05:51.100Now, I think – and this FT article points this out – some of the financial press and some of the – even Wall Street, I think, has been lulled into complacency because the dollar right now is doing very well relative to other very troubled currencies.
00:06:03.600Let me give you a quote from that FT article.
00:06:05.360The dollar has been bolstered by the weakness of its rivals.
00:06:09.240So, in other words, China is in such terrible shape.
00:06:11.680Europe is in such terrible shape that the dollar is doing well relative to them.
00:06:15.440However, the dollar is already devaluing relative to resources, particularly relative to land.
00:06:21.420If you look at the dollar relative to land, where are really wealthy people, really smart, wealthy people like Bill Gates, somebody that we're not a fan of, very sharp guy, where is he putting his money?
00:06:30.160Into land because land is appreciating against a devaluing dollar.
00:06:35.400This article also pointed something out that I frankly didn't know, and I know quite a lot about currencies, and I didn't know this.
00:06:40.600When you look at the non-Western currencies, if you take the US, UK, and Europe, and then also throw in Japan, so basically the developed West plus Japan, if you look at their share of global reserves, those currencies put together versus the rest of the world, the rest of the world only had 2% of global reserves in 2001.
00:06:59.980Now, just over two decades later, 10%.
00:07:02.660So the rest of the world, non-Europe, non-Japan, only had 2%, it now has five times that many in terms of the percentage, the share of global reserves.
00:07:12.760That tells us that the world is moving decidedly away from the US dollar.
00:07:16.620Now, a lot of folks out there might say, wait a second, I don't travel internationally, I don't trade foreign currencies, does this matter to me?
00:07:21.260It matters massively, Steve, for two reasons.
00:07:23.180Number one, the American consumer, until Joe Biden, had enormous buying power because of the strength of the US dollar.
00:07:29.280Because when we imported things from overseas, they were very affordable to Americans.
00:07:32.660So a strong dollar, reserve currency US dollar, gave great buying power to American consumers, at least before Joe Biden.
00:07:39.580But secondly, and this might be even more important going forward, the reserve status of the United States dollar is what allowed the United States to engage in such exorbitant borrowing and spending.
00:07:49.620Because of the thirst for dollars, and because we issued our debt in dollars, of course, the rest of the world was willing to lend us far more money than they would have otherwise, at terms that were extremely generous to the United States.
00:08:01.800If the dollar loses, if and when it loses its reserve currency status, we no longer have that luxury.
00:08:07.640And we are then put into a basket with the rest of the countries in the world.
00:08:11.100And when the capital markets of the world look at how much the US is borrowing and spending, they are going to start to value us much more like a second or third world country, rather than the reserve currency status.
00:08:22.600And that's why, again, I say this not to depress people, but to warn them, to forearm them so that we can take political action starting this November.
00:08:30.480It is not impossible for the United States to go down the path of an Argentina or a Venezuela in terms of massive inflation stoking a sustained rise in borrowing costs in interest rates.
00:08:41.900Once we are no longer the reserve currency status, I want to warn the American people, do not assume that that is an impossibility.
00:08:51.200And even the FT, I think, is coming to this realization that there may soon be a post-dollar world that's a really dangerous world for the United States.
00:08:59.460No, Steve Roach at Morgan Stanley Asia, who's their top economist, said, hey, this thing's being driven because of the – and the guy at Johns Hopkins because of the printing of money.
00:09:29.620The first one I had was the politics of money.
00:09:33.400And that's where we're going to go back to.
00:09:34.660This is – and, you know, Steve, your analysis, when they say, well, the dollar is so strong against other currencies, that's because the other fiat currencies are doing so poorly themselves.
00:09:43.120Not when you compare it to other alternatives, right, particularly assets like land.
00:09:48.400Steve Cortez, how do people get all your great live things you do on Getter and how do they get to your social media?
00:09:54.700And speaking of that, Steve, I am doing a Getter Live this afternoon, very much related to my article.
00:09:59.900The title of it is Make Red States Redder.
00:10:02.440So there's this great sorting going on in the United States, this exodus to red states.
00:10:06.300I'm going to talk about the strategies to make the red states even redder to save this country.
00:10:12.200I'm doing that at 4 p.m. Eastern time tonight, so it's going to be a bit of a warm-up act for the 5 o'clock war room.
00:10:36.860You know, Kerry, we had this analysis by Cortez that showed in Illinois and these other states that people are flocking to Arizona, Texas, and Florida.
00:10:47.300You're running to be the next governor.
00:10:51.680What are Katie Hobbs' positions about how to make a more robust and thriving business community an economic situation for working-class people?
00:11:03.980She doesn't have any platform ideas to do that.
00:11:08.060Her ideas are basically to drag us down and turn us into an Illinois or a California.
00:11:13.700Her idea of utopia is what's happened in California over the past generation where Democrat rule has ushered in policies that have destroyed lives for people, destroyed small businesses.
00:11:27.040Steve, when she was in the legislature, I've talked to many of the folks that were in there with her, and they said she was horrible in the legislature.
00:11:33.960Nearly 90% of the time, she voted against legislation that would have helped out Arizona's small businesses.
00:11:41.820She would be basically a Joe Biden brought in to Arizona, and we can't have that.
00:11:47.720I think she knows her ideas are bankrupt because she refuses to even debate me or take the debate stage with me.
00:11:54.260And she's trying to weasel her way out of the one debate that they had planned.
00:11:58.260You were endorsed by President Trump, and you're very close to President Trump.
00:15:01.300When your nation's supposed authority on economic policy completely misses the flashing red lights of impending inflation.
00:15:10.120Now, Treasury Secretary Janet Yellen has finally admitted, quote,
00:15:13.760There's been an unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that affected our economy badly that I didn't, at the time, fully understand.
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00:16:25.380War Room Pandemic with Stephen K. Bannon.
00:16:29.080The epidemic is a demon, and we cannot let this demon hide.
00:18:43.800This cuts to the heart of this parental rights of what because now parents, by the way, Connecticut is not the hotbed of MAGA and particularly Greenwich.
00:18:52.120And the parents there are outraged because this is not what they're sending their kids to school to do.
00:18:56.860Talk to me about parent rights, but particularly your opponent, Katie Hobbs.
00:19:01.540Where does she stand with parental rights and actually having parents more directly involved in school boards and more directly involved, quite frankly, in the schools, ma'am?
00:19:11.860We are seeing a lot more parents get involved.
00:19:14.500Whenever I do meetings with folks or I do meet and greets at people's homes, parents are there.
00:19:21.440Our Moms for Cary group is showing that one of the biggest concerns is what's being taught to our children at school.
00:19:26.760And that's why moms and dads have woken up and they're getting involved.
00:19:30.440Katie Hobbs, my opponent, Hobbs is against all of that.
00:19:34.080We found out, even though she's opposed to education freedom, which we have in Arizona, probably in a better, stronger way than most states because we really started the whole ball rolling to bring on charter schools and bring on options for parents.
00:19:48.220She sits mom and doesn't want to talk about it, even though now we are funding the student in Arizona, not the system.
00:19:55.420And she's been very quiet about it because we found out that she herself went to a private school.
00:20:01.060Her daughter graduated from a charter school, yet she doesn't want families to have the choice for their students to move to the school that best fits them.
00:20:13.040She wants it all to be falling into the government run schools.
00:20:16.420She's run and owned partially by the teachers unions.
00:20:20.540And that's why she will just, you know, when they say jump, she'll say how high and how far.
00:20:25.500And she's completely beholden to the teachers unions.
00:20:29.120She's beholden to Planned Parenthood and George Soros and the like.
00:20:33.100And that's how she wants to win, by letting them run attack ads.
00:20:36.380And she'll sit in her basement and never have to talk about her dismal policy, which will pull away all of those hard fought games that we've had as parents.
00:20:46.320She wants to pull them back and stick our kids back into failing schools.
00:20:50.180Carrie, how do people find out more about your campaign and particularly your events?
00:20:56.140Because I know you're a people person.
00:20:57.580You're out there pressing the flesh every day and doing big rallies, but also small get together.
00:21:03.580So how do people find out where you're going to be and how they can participate?
00:21:07.080They can go to our website, CarrieLake.com, K-A-R-I-L-A-K-E.com.
00:21:12.160I'm also on the cesspool known as Twitter.
00:22:06.200So you're a very kind person, so go ahead and do the invitation for Katie Hobbs to finally come out, and maybe you guys exchange a few views.
00:22:15.740Come out to our faith and family event.
00:22:18.120Katie, if you're out there, if you can hear me, come on out, and we'll have a nice discussion about where we stand on the important issues facing Arizona.
00:23:17.120We expected it, and it's a good thing.
00:23:19.560What they're doing now, this will go to the Supreme Court in Arizona, and we get to add – the way they're doing it, we get to add some key pieces to that now.
00:23:28.520And, Steve, we have a plan – as we get too close to the 2022 election here, remember, the relief is to get rid of all the machines.
00:23:39.640We've kind of got a hybrid, which we're going to unveil next week, just to get through this election.
00:23:47.200Imagine doing a hand-counted – if they haven't got rid of them, do the hand-counted so it's a validation that we'd be put in the books.
00:23:55.900We're going to actually try this in Alabama and other states, too, where it's almost like a forced audit right at the end of the 2022 election.
00:24:07.080So we've got some good plans for Arizona.
00:24:10.500So talk to us about coming out of the summit, because I realize we have a three-September date.
00:24:44.520If you put your request in, most of them then would be grandfathered in, so to speak.
00:24:49.880And on top of that, Steve, what we're doing, kind of as a precaution, I'm serving papers now on all 3,240-some-odd counties in the United States tomorrow – or today, tomorrow, and Friday – to preserve evidence, to not delete the 2020 election.
00:25:29.760So we reached out to all of you out there, and we got the addresses for the persons and the person in charge of every county, which a lot of them can say, hey, we're not going to delete that 2020 election.
00:25:43.380Remember, Steve, they're not ordered to delete it.
00:25:46.180The feds say that you've got to preserve it for 22 months.
00:25:52.340You could keep it for five years if you want it.
00:25:54.500So all you county clerks or commissioners out there that are watching, you better not delete the 2020 election.
00:26:03.940So this evidence, or what the county – you're asking them to preserve the actual, I guess, machine results or the real results from 2020.
00:26:16.360What do you and your lawyers intend to do with that?
00:26:19.140Well, by having the cast vote record, Steve, it shows 100% that it was algorithms used by machines.
00:26:28.700We've only found two places where it wasn't used and can't even reveal them right now.
00:26:33.680But all these cast vote records coming in, they didn't realize – we just found out, or I did, earlier this summer that, wow, we have the evidence right under our noses.
00:26:43.360And remember, this comes from the Secretary of State's office.
00:26:49.280These are – it's not like the – or what the machines say, anyway.
00:26:53.040This is what the machines are telling us.
00:26:55.020And when the machines come out and tell us something, things get revealed, like the Democrat that got zero votes in her own precinct in May of this year, and then another Democrat, three counties over, got 1,600 votes, and she wasn't even in the race.
00:27:13.440But these cast vote records are very, very revealing, and we've added them now for evidence.
00:27:20.320We use them for the preliminary injunctions, and we also use them, Steve, for bringing them to the sheriffs and say, look what happened in our county here.
00:27:28.560Every county in this country, if you have them, and you can show it to your sheriff, show it to your county commissioner or your clerk and say, we don't want these machines.