Bannon's War Room - September 13, 2022


Episode 2151： I've Seen Fire And I've Seen Rain： The Worst Plumet Of The Markets Since June 2020; Fredericks Live From New Hampshire


Episode Stats

Length

55 minutes

Words per Minute

169.08238

Word Count

9,449

Sentence Count

397

Misogynist Sentences

6

Hate Speech Sentences

101


Summary

CPI drops 10% on the heels of a 10% drop in gasoline prices, and the Dow and S&P 500 hit new all-time lows. What does this mean for the economy and the Fed? What does it mean for inflation? And what does it tell us about the direction of the markets and the economy? We discuss it all on this week's episode of the Market Movers podcast.


Transcript

00:00:00.000 I talked out this morning, and I wrote down a song
00:00:05.140 I just can't remember who to send it to
00:00:11.240 I've seen fire and I've seen rain
00:00:18.060 I've seen sunny days that thought they'd never end
00:00:25.020 I've seen lonely times and I could not find a friend
00:00:32.320 But I always thought I'd see you again
00:00:39.320 I mean, today's CPI was just no way to sugarcoat it.
00:00:46.620 It was a nasty report.
00:00:47.880 But at the same time, investors shouldn't forget the fact that
00:00:50.640 just about, I think, every single other inflation indicator that we track
00:00:54.600 has been showing signs of inflation rolling over
00:00:57.300 So I think one report does not make a trend
00:01:00.560 And whatever today's report was, 4% Fed funds rate
00:01:04.480 was pretty much baked in the cake by the end of the year
00:01:06.540 So we're maybe up 25 basis points from there
00:01:09.160 So I think when you have almost the Fed locked on that position
00:01:13.300 which may be too aggressive
00:01:15.420 People can totally have that view, and it may be
00:01:18.280 You just have to take a holistic approach
00:01:21.340 and look at the indicators in some
00:01:24.080 And like I said, I mean, the ZW inflation expectations report out of Germany
00:01:28.960 showed the lowest inflation expectations for the U.S.
00:01:31.780 going back to the financial crisis
00:01:33.200 So I think, you know, this isn't the end of the world
00:01:37.820 Yeah, that being today's hot CPI report sending stocks tumbling
00:01:41.780 You look within the details of the report, the CPI report
00:01:45.440 Yes, gasoline prices fell 10% month over month
00:01:49.320 But listen to this
00:01:51.180 You had rents and shelter accelerate year over year
00:01:54.660 Food accelerated year over year
00:01:57.480 Medical care accelerated year over year
00:02:00.340 Education also accelerated year over year
00:02:03.620 And oh, by the way, everyone got so excited about used car prices last month
00:02:07.300 because they fell
00:02:08.360 Well, used car prices actually accelerated year over year
00:02:11.380 And we haven't even really even talked about the balance sheet and QT
00:02:14.600 and what that headache is going to represent
00:02:16.480 So yeah, we did just rally about 10% off the June lows
00:02:20.240 We could easily go back there
00:02:21.660 Because what does all this mean?
00:02:22.920 The Fed is going to be tighter for longer, higher for longer, right?
00:02:26.220 And so when that happens, there's a lot of uncertainty
00:02:29.060 And so you and I have talked about a lot this year
00:02:31.400 that this is a trading range kind of a market
00:02:34.300 And this is exactly what we're seeing
00:02:35.920 So I'm not, by the way, surprised at all to see the reaction in the markets
00:02:39.220 And I do think that the markets overall are a little more vulnerable
00:02:42.760 because we just did see this nice bounce, right?
00:02:47.760 So I am still very much focused on more value versus more growth
00:02:52.620 I have energy, you know, I'm overweighted
00:02:55.080 You know, utilities, agriculture
00:02:56.980 Those are kind of areas where I think it's kind of a hedge
00:02:59.960 And I also still, I look at discretionary
00:03:02.840 That actually is a very interesting sector for me
00:03:04.880 because it's down so much
00:03:05.740 So I'm finding places
00:03:07.180 But I said last week, I have a little more cash
00:03:09.520 and a lot more patience in this environment
00:03:11.660 Okay, I gotta, I mean, on one of the biggest bloodbaths
00:03:28.540 in living memory in markets where everything collapsed
00:03:33.240 because of the economic policies
00:03:35.680 And the guy sitting there putting the happy talk
00:03:38.140 There's some good stuff
00:03:38.820 No, there's nothing good to see here
00:03:40.000 That's where she just lined it up
00:03:41.340 And now, one report doesn't make a trend
00:03:44.100 Hey, dude, this is 17 months in a row
00:03:46.160 What are you talking about?
00:03:48.880 There's blood all over Wall Street
00:03:50.640 It's a day that the drop is as big as June 2020
00:03:53.820 Really at the worst stages of the pandemic
00:03:57.640 Plus with the George Floyd situation
00:04:00.600 The burning down, the real insurrection
00:04:03.320 The market of what, over 1,200 points
00:04:06.120 Everything down, every sector of the S&P down
00:04:08.880 And not just that, no place to hide
00:04:10.980 The bonds are getting, it's Armageddon in bonds
00:04:14.320 Who in the White House
00:04:17.160 At the Orwellian Inflation Control Act
00:04:20.280 Which, by the way, MSNBC cut away from Biden's remarks
00:04:23.560 They're trying to protect him
00:04:24.460 He's so one-around
00:04:25.420 Who has James Taylor singing a song
00:04:29.780 Did they ask the war room to program it?
00:04:32.160 We'd say, you know what to do?
00:04:33.340 Send James Taylor over to sing Fire and Rain
00:04:35.160 The song about suicide
00:04:36.300 Why don't you, because you got guys on Wall Street
00:04:38.360 Jumping off buildings, right?
00:04:40.480 You got portfolio managers that said
00:04:42.100 I guess my year of 2022's gone
00:04:44.140 No Christmas for the kids
00:04:45.300 Let's sing a song about, let's, who
00:04:48.260 Let's sing a song about suicide
00:04:49.920 I got Philip Patrick from Birch Gold
00:04:52.640 I got Dave Bratt from the Dean of the Business School
00:04:55.040 In Liberty University
00:04:55.640 I'm gonna start
00:04:56.120 I got Boris by phone, who's jammed
00:04:58.180 Boris, before your current gig as a lawyer
00:05:02.680 You were a street guy
00:05:03.980 Put in perspective this inflation report today
00:05:07.060 That just caught, not war room
00:05:08.880 But caught Craig Suisse and everybody else by surprise
00:05:10.940 In the spin masters at the White House
00:05:14.020 In the market reaction, as you saw today
00:05:16.520 Which portends the basically implosion of the American economy
00:05:21.460 And working class and middle class folks with it, sir
00:05:24.220 Steve, honored to be with you in the war room posse today
00:05:27.780 Vital day
00:05:28.540 And here's how I described this implosion
00:05:31.700 Absolutely expected
00:05:32.980 Was there any doubt this was gonna happen?
00:05:35.560 Look at the ludicrous overspending our country is doing
00:05:39.660 Look at the spending we have on things like Ukraine
00:05:43.480 Versus on cities like Camden, Philadelphia, New York
00:05:46.540 Chicago, Washington DC, so on and so forth
00:05:50.880 Look at the completely out of control
00:05:53.080 Lack of economic thought that we have in this country
00:05:57.080 And look at our, you know, look at our Fed
00:05:59.520 That has been an absolute and utter disaster
00:06:02.080 They're doing nothing, nothing to control
00:06:04.980 To truly control inflation
00:06:06.520 And doing everything to drive our economy off a cliff
00:06:09.520 And then beyond that, look at our borrowing
00:06:11.540 And relations with the Chinese Communist Party
00:06:13.980 And then you've got Joe Biden out there
00:06:16.740 You know, being completely disdained
00:06:21.820 Disrespected
00:06:23.580 Ebasculated by the American people
00:06:26.220 But also by his own staff, to your point
00:06:28.120 Who thought this was a good idea?
00:06:31.040 The markets
00:06:31.620 Even before today
00:06:33.620 The markets down double digits for the year
00:06:36.220 And they go around breaking people from all over the country
00:06:38.720 Let's go have a celebration
00:06:39.760 Have James Taylor singing about suicide
00:06:42.080 By the way, just the whole sheer 1990s attempted redux of it
00:06:48.780 Is so pathetic
00:06:49.520 And then when they ask Kareem Jaffe
00:06:51.380 She said, oh yeah, it's a historic act
00:06:53.140 Historic, yeah, historically bad
00:06:55.300 Historically pathetic
00:06:56.580 Historically embarrassing
00:06:58.160 And so no wonder
00:06:59.920 Joe Biden and his cronies have to weaponize law enforcement
00:07:03.600 To attack their adversaries
00:07:05.440 Hey, I'm asking all the millennials
00:07:08.480 I'm asking all the independents and Democrats
00:07:11.660 That every time we mention Trump's name
00:07:14.080 You spit on the floor
00:07:15.020 Orange man bad
00:07:16.680 What would you rather do?
00:07:18.320 You'd rather be living through this?
00:07:19.620 You'd rather be living through this?
00:07:21.520 Or you'd rather live through his economy in 2019
00:07:24.080 With a few mean tweets?
00:07:25.840 Could you handle a few mean tweets?
00:07:27.900 Could you have some edge work on the tweets?
00:07:30.760 And have the economy we had in 2019
00:07:33.540 With no inflation
00:07:34.320 Jobs, you know, skyrocketing
00:07:37.200 Salaries up 11%
00:07:39.760 Right, real wages up
00:07:41.760 Not wages down
00:07:43.000 17 months in a row now
00:07:44.500 Would you
00:07:44.920 Could you handle some mean tweets?
00:07:47.180 If you vote for Biden
00:07:48.880 If you vote for these people
00:07:49.720 You deserve everything you get
00:07:51.020 You deserve
00:07:52.180 He's leading you to your economic
00:07:54.140 And financial destruction
00:07:55.640 And it's very obvious today
00:07:57.240 Boris, I know you got some other
00:07:59.140 I want to get to Brett
00:08:00.000 And to Phillips
00:08:01.140 We've got a lot of economics to get through
00:08:02.620 Walk me through
00:08:03.420 You got some updates on the legal side
00:08:05.360 Because right now
00:08:06.540 The J6 thing's imploded
00:08:08.180 The committees
00:08:08.780 The show trial's imploded
00:08:09.920 Because Liz Cheney's been blown out
00:08:11.780 Nobody cares
00:08:12.300 Kinzinger's one run a day crying
00:08:13.900 You got the raid and ransack
00:08:15.800 Is a joke
00:08:16.380 The judge shut that down
00:08:18.180 You've got these other things going on
00:08:19.820 Now you've got
00:08:20.820 Dick Durbin
00:08:22.300 Because he's only going to have a job
00:08:23.700 For three more weeks
00:08:24.440 Once they have an investigation
00:08:26.020 Of Chris Christie's lawyer
00:08:28.200 Right
00:08:28.960 Any updates on what's really important over there?
00:08:32.320 Because quite frankly
00:08:33.140 You guys are running the tables
00:08:34.420 As Biden implodes the American economy
00:08:37.100 Well Steve
00:08:38.880 Here's the deal
00:08:40.020 Right now
00:08:41.180 Where we stand
00:08:42.180 Regarding the raid
00:08:43.840 The ransack
00:08:45.040 The state sanctioned burglary
00:08:47.000 Of President Trump's home
00:08:47.840 In Marlago
00:08:48.460 Is a talk to the judge
00:08:49.820 And the judge may rule
00:08:50.580 As soon as today
00:08:51.880 On the DOJ's
00:08:53.260 The government's motion
00:08:54.400 For her to reconsider herself
00:08:56.100 Here's what is interesting
00:08:57.300 What's interesting
00:08:58.200 Is that the DOJ
00:08:59.200 Actually agreed with
00:08:59.980 One of the picks
00:09:00.600 Of President Trump's
00:09:01.320 They agreed with Judge Deary
00:09:04.600 About being the potential special master
00:09:06.580 Now that's still up
00:09:07.540 To Judge Cannon to pick
00:09:09.680 But Judge Deary
00:09:10.680 A respected judge
00:09:11.560 With a lot of background
00:09:12.740 And a judge wasn't
00:09:13.460 A FISA court
00:09:14.080 A FISA court
00:09:14.640 That was lied to
00:09:15.540 By the DOJ
00:09:16.820 And where an FBI agent
00:09:17.840 Actually was convicted
00:09:19.000 Of lying
00:09:19.980 Lying on documents
00:09:21.500 And lying on
00:09:22.260 On applications
00:09:24.140 To the FISA court
00:09:25.120 So that's something
00:09:26.160 To keep an eye on
00:09:26.920 And what Judge Cannon does
00:09:27.900 With the fact that
00:09:28.680 There's been consent now
00:09:29.900 From the government
00:09:30.580 For Judge Deary
00:09:32.160 That's been a development
00:09:34.360 And I think where
00:09:35.160 That comes from
00:09:35.760 Steve
00:09:36.000 Is that the government
00:09:36.640 Is looking around
00:09:37.180 And they're seeing
00:09:37.580 That they've been
00:09:38.100 You know
00:09:38.780 Completely put in a box
00:09:39.900 On all fronts
00:09:40.520 And they're saying
00:09:41.440 Well you know what
00:09:41.880 We need to
00:09:42.500 At least try to
00:09:44.580 Attempt
00:09:45.180 To show some
00:09:46.240 Turn down of the heat
00:09:47.480 That they have
00:09:48.320 Ratcheted all the way up
00:09:49.780 With this raid
00:09:50.340 And the ransack
00:09:51.380 So we'll see
00:09:51.840 Where that develops
00:09:52.700 Obviously a lot of
00:09:53.600 A lot of the news
00:09:54.240 In the last couple days
00:09:54.940 But here's what I will tell you
00:09:55.900 President Trump
00:09:57.040 MAGA
00:09:57.780 All of us
00:09:58.740 Are not taking
00:09:59.940 One step back
00:10:01.620 We're all going to
00:10:02.520 Continue to stand strong
00:10:03.560 We're going to continue
00:10:04.420 To fight for America
00:10:05.340 We're going to continue
00:10:06.820 To call
00:10:07.920 Joe Biden out
00:10:08.940 For what he is
00:10:09.560 Illegitimate
00:10:10.420 Eccles
00:10:11.300 Pathetic
00:10:12.220 And powerless
00:10:13.060 Boris how do people
00:10:15.880 Get to you
00:10:16.360 On social media
00:10:17.460 How do they follow you
00:10:18.240 Absolutely
00:10:19.500 A lot of developments
00:10:20.260 To come
00:10:20.740 In the raid
00:10:22.540 And ransack
00:10:23.160 In Mar-a-Lago
00:10:23.780 In that case
00:10:24.440 Judge Cannon
00:10:25.200 Could be ruling
00:10:25.680 Any minute
00:10:26.320 Keep an eye out
00:10:27.560 On developments
00:10:28.660 Regarding obviously
00:10:30.240 The J6 committee
00:10:32.080 Any of those leaks
00:10:33.700 Are not coming from us
00:10:35.400 You better believe
00:10:35.960 That all that
00:10:36.600 Leaking is coming
00:10:37.640 From the committee
00:10:38.500 And the DOJ
00:10:39.400 Over the New York Times
00:10:40.240 And the Washington Post
00:10:41.200 And other legacy
00:10:42.420 Mainstream
00:10:42.880 But what you are going
00:10:43.660 To see from us
00:10:44.660 Is robust responses
00:10:45.660 On all fronts
00:10:46.780 We are not going
00:10:47.720 To be intimidated
00:10:48.360 My social media
00:10:49.660 Hot on the website
00:10:50.600 BorisEP.com
00:10:51.520 BorisEP.com
00:10:52.640 Is the website
00:10:53.180 Hot on Getter
00:10:53.760 At BorisCP
00:10:54.320 Twitter at BorisEP
00:10:55.580 Hot on Truth
00:10:56.540 Social
00:10:56.760 At Boris
00:10:57.160 My hottest on the gram
00:10:58.020 Boris I'm a scrubstein
00:10:59.180 Stay strong
00:10:59.760 God bless
00:11:00.460 And I will see you
00:11:01.180 Tomorrow
00:11:01.680 Boris we really appreciate
00:11:03.580 Whoever lent you
00:11:04.360 The phone that you
00:11:05.020 Call in
00:11:05.500 We really appreciate
00:11:06.260 That also
00:11:06.740 So thank you
00:11:07.260 Very much
00:11:07.740 Thank you very much
00:11:08.580 Boris Epstein
00:11:09.320 I got full ownership
00:11:10.860 Of it
00:11:11.260 But I'm glad
00:11:12.820 They let you out
00:11:13.740 To host your show
00:11:14.500 That's wonderful
00:11:15.100 Hey I'm not
00:11:16.480 I'm just saying
00:11:17.160 I'm just
00:11:17.920 I'm just saying
00:11:18.460 When I read
00:11:18.860 The Washington Post
00:11:19.700 Right
00:11:20.220 Which is always true
00:11:21.180 I got a quick question
00:11:22.020 For you before I go
00:11:22.980 Do they take their
00:11:23.660 Handcuffs off
00:11:24.300 For you to host
00:11:24.920 Or do they keep them on
00:11:25.780 No they got the leg irons
00:11:28.400 I got the leg irons
00:11:29.280 Absolutely
00:11:31.360 I love it
00:11:32.220 Hey I thought
00:11:32.780 They always wanted me
00:11:35.060 Chained to the desk
00:11:35.840 Right
00:11:36.060 So I can't move around
00:11:36.960 Okay thanks Boris
00:11:37.960 Very much
00:11:38.540 God bless
00:11:40.140 Well thank you sir
00:11:41.180 I want to go to
00:11:43.400 Philip Patrick
00:11:45.060 Philip you've been around
00:11:47.240 A couple three years
00:11:48.920 Have you ever seen a day
00:11:50.400 And not just the
00:11:51.080 It's not what the market
00:11:52.100 Reaction was
00:11:52.740 Because these are
00:11:53.220 Logical rational investors
00:11:54.500 Who've kind of been
00:11:55.580 Spun and led to
00:11:56.300 Because all the hype
00:11:57.160 Coming up
00:11:57.800 Was like they had
00:11:58.920 Inside information
00:11:59.720 Credit Suisse
00:12:00.300 Came out last night
00:12:01.080 Made a big thing
00:12:01.620 To their investors
00:12:02.120 Saying you know
00:12:02.940 As we see the
00:12:03.860 Core inflation back off
00:12:05.320 This is going to have a
00:12:06.420 This is going to
00:12:07.060 Turbo charge
00:12:07.840 Our market rally
00:12:08.760 It was misleading
00:12:10.380 It was spin
00:12:11.300 And then people
00:12:12.320 Finally get just
00:12:12.980 Hired of being lied to
00:12:13.940 And you know
00:12:15.180 A crude term
00:12:16.140 They use on Wall Street
00:12:16.800 The kind of market
00:12:17.540 Kind of puked up
00:12:18.460 All the lies
00:12:19.900 And misrepresentations
00:12:20.920 Philip Patrick
00:12:21.580 Well first of all
00:12:23.360 I think the only
00:12:24.020 Accurate thing
00:12:24.840 On that conference
00:12:26.280 Was the rendition
00:12:28.520 Of Fire and Rain
00:12:29.740 By James Taylor
00:12:30.680 I'm like finally
00:12:31.580 Somebody's telling us
00:12:32.700 What's really happening
00:12:33.760 In the economy
00:12:34.460 But you're spot on
00:12:36.820 Right
00:12:37.080 There's no good news
00:12:38.480 So the headline
00:12:39.100 Inflation dipped
00:12:39.940 A little bit
00:12:40.560 Why?
00:12:41.300 Because fuel prices
00:12:42.160 Are down
00:12:42.640 Why?
00:12:43.480 Because of demand
00:12:44.140 Destruction
00:12:44.720 People are
00:12:45.520 Fuel is just
00:12:46.280 Too expensive
00:12:47.200 For people to buy
00:12:48.580 So they're looking
00:12:49.140 For alternatives
00:12:49.880 But every other metric
00:12:51.780 Everything else
00:12:52.800 Increased
00:12:53.500 In particular
00:12:54.220 Shelter
00:12:55.040 Food
00:12:55.580 Medical care
00:12:56.700 These are really
00:12:57.700 Important things
00:12:58.560 For people
00:12:59.080 They skyrocketed
00:13:00.520 Food in particular
00:13:01.960 Up over 11.4%
00:13:04.120 Year over year
00:13:04.880 It's the largest
00:13:06.840 Price surge
00:13:07.600 Since 1979
00:13:08.640 And the markets
00:13:10.020 Are responding
00:13:10.700 S&P down
00:13:11.780 4%
00:13:12.600 Today
00:13:13.520 Alone
00:13:14.180 17.5%
00:13:15.980 For the year
00:13:16.440 So far
00:13:16.940 NASDAQ
00:13:17.800 5% down
00:13:18.900 Today
00:13:19.240 22%
00:13:20.320 For the year
00:13:20.860 So far
00:13:21.400 Bonds
00:13:22.120 As you state
00:13:22.980 Traditionally
00:13:23.900 A reprieve
00:13:24.740 You're worried
00:13:25.180 About stocks
00:13:25.920 Sit it out
00:13:26.780 In bonds
00:13:27.360 Not today
00:13:28.460 Down 13%
00:13:29.920 Since the beginning
00:13:30.840 Of the year
00:13:31.440 In fact
00:13:32.080 If you bought
00:13:32.620 A government treasury
00:13:33.440 On January 1st
00:13:35.080 Well over
00:13:35.640 10%
00:13:36.380 Losses
00:13:36.840 On the back
00:13:37.320 Of it
00:13:37.560 There is
00:13:38.260 No good
00:13:38.780 Hang on
00:13:39.840 Because I'm
00:13:40.200 Going to get
00:13:40.320 More of you
00:13:40.580 Now
00:13:40.700 So I want
00:13:40.980 To understand
00:13:41.360 Something
00:13:41.600 This is not
00:13:42.620 Junk bonds
00:13:43.180 You're not
00:13:43.480 Jumping into
00:13:44.720 Credits
00:13:45.160 Where you get
00:13:45.580 Some warrants
00:13:46.160 And some upside
00:13:46.960 These are
00:13:47.780 Corporates
00:13:48.740 And government
00:13:49.240 Securities
00:13:49.880 You're getting
00:13:50.720 Crushed
00:13:51.420 Why are you
00:13:52.360 Getting crushed
00:13:52.900 Think about
00:13:53.300 That for a
00:13:53.720 Second
00:13:53.840 Why
00:13:54.080 How
00:13:54.680 It's so
00:13:55.740 Extraordinary
00:13:56.980 And Navarra
00:13:57.960 And Cortez
00:13:58.380 Called this
00:13:58.660 A couple
00:13:58.840 Of months
00:13:59.080 Ago
00:13:59.280 To have
00:13:59.740 Both
00:13:59.940 Equities
00:14:00.500 And bonds
00:14:01.620 Because normally
00:14:02.600 Bonds
00:14:02.980 Is a safe haven
00:14:03.640 Why is it
00:14:04.760 Not
00:14:05.020 Because no
00:14:06.480 One has
00:14:07.000 Confidence
00:14:07.740 This is
00:14:08.540 The money
00:14:09.600 Is that
00:14:10.420 They ran
00:14:10.780 It up
00:14:10.980 The flagpole
00:14:12.080 And the money
00:14:12.440 Did not salute
00:14:13.180 People have
00:14:14.260 No confidence
00:14:15.700 In this regime
00:14:16.700 They don't
00:14:17.420 Believe what
00:14:17.820 They're doing
00:14:18.340 They don't
00:14:19.380 Trust what
00:14:19.980 They're doing
00:14:20.460 They don't
00:14:21.180 Think they
00:14:21.560 Know what
00:14:21.940 They're doing
00:14:22.440 And you're
00:14:23.100 Seeing the
00:14:23.500 Capital markets
00:14:24.300 React
00:14:24.820 This is
00:14:25.580 As this
00:14:26.240 As political
00:14:26.860 As anything
00:14:27.380 Else
00:14:27.780 What
00:14:28.720 Think what
00:14:29.540 You said
00:14:29.880 The nasdaq
00:14:30.620 Is down
00:14:30.880 Five percent
00:14:31.960 In a day
00:14:32.640 It's in
00:14:33.400 Bear market
00:14:33.980 Since the
00:14:34.440 Peak
00:14:34.740 Which we
00:14:35.160 Called back
00:14:35.600 In november
00:14:36.040 It's down
00:14:36.800 Five percent
00:14:37.440 In a day
00:14:37.980 And these
00:14:39.780 Are not
00:14:40.360 There's
00:14:40.680 There's no
00:14:41.220 Good news
00:14:41.900 On the horizon
00:14:42.840 Folks
00:14:43.640 The lies
00:14:44.800 And the
00:14:45.040 Mask
00:14:45.320 Have been
00:14:45.540 Stripped
00:14:45.780 Away
00:14:46.120 I got
00:14:47.000 Philip
00:14:47.300 Patrick
00:14:47.640 From
00:14:47.840 Birch
00:14:48.080 Gold
00:14:48.320 I got
00:14:48.880 Dave Bratt
00:14:49.480 From Liberty
00:14:49.920 University
00:14:50.380 Peter Navarro
00:14:51.080 Is going to
00:14:51.380 Join us
00:14:51.740 We're going
00:14:52.020 To walk
00:14:52.320 Through
00:14:52.700 The economics
00:14:54.240 The capital
00:14:54.760 Markets
00:14:55.180 And the
00:14:55.400 Politics
00:14:55.780 Of it
00:14:56.060 All
00:14:56.220 Next
00:14:56.580 In the
00:14:56.840 War
00:14:57.000 Room
00:14:57.160 Let's
00:14:57.660 To
00:14:58.200 You
00:14:59.180 What's
00:15:00.060 Never
00:15:00.260 Good
00:15:00.580 When your
00:15:01.720 Nation's
00:15:02.320 Supposed
00:15:03.080 Authority
00:15:03.620 On economic
00:15:04.360 Policy
00:15:04.880 Completely
00:15:05.800 Misses
00:15:06.540 The flashing
00:15:07.540 Red lights
00:15:08.160 Of impending
00:15:08.800 Inflation
00:15:09.320 Now
00:15:10.380 Now
00:15:10.400 Treasury
00:15:10.800 Treasury
00:15:10.820 Secretary
00:15:11.320 Janet
00:15:11.680 Yellen
00:15:12.000 Has
00:15:12.440 Finally
00:15:12.740 Admitted
00:15:13.220 Quote
00:15:13.900 There's
00:15:14.640 Been
00:15:14.780 Unanticipated
00:15:15.760 And large
00:15:16.200 Shocks
00:15:16.560 To the
00:15:16.820 Economy
00:15:17.200 That have
00:15:17.780 Boosted
00:15:18.140 Energy
00:15:18.480 And food
00:15:18.840 Prices
00:15:19.240 And supply
00:15:20.520 Bottlenecks
00:15:21.120 That affected
00:15:21.640 Our economy
00:15:22.240 Badly
00:15:22.800 That I
00:15:24.060 Didn't
00:15:25.120 At the
00:15:25.540 Time
00:15:25.940 Fully
00:15:27.080 Understand
00:15:27.580 End quote
00:15:28.100 You know
00:15:28.920 Who understands
00:15:29.700 The real
00:15:30.100 Threat
00:15:30.380 Of inflation
00:15:30.960 People
00:15:31.940 Who invested
00:15:32.760 In gold
00:15:33.380 And silver
00:15:33.900 With birch
00:15:34.980 Gold
00:15:35.500 Group
00:15:35.880 They're
00:15:36.580 Protecting
00:15:37.080 Their
00:15:37.280 Savings
00:15:37.700 From a
00:15:38.060 Highly
00:15:38.460 Turbulent
00:15:38.980 Economy
00:15:39.520 By
00:15:40.240 Diversifying
00:15:41.000 Their
00:15:41.320 401k
00:15:42.560 Or
00:15:43.280 IRA
00:15:43.900 Into
00:15:44.400 Gold
00:15:44.940 Physical
00:15:45.920 Gold
00:15:46.360 It's
00:15:46.940 Not too
00:15:47.280 Late
00:15:47.460 For you
00:15:47.660 To
00:15:47.780 Take
00:15:47.980 Action
00:15:48.280 Now
00:15:48.480 Text
00:15:48.960 Bannon
00:15:49.940 B-A-N-N-O-N
00:15:51.700 To
00:15:52.260 98
00:15:52.720 9-8
00:15:53.580 9-8
00:15:54.260 And get
00:15:55.320 A free
00:15:55.600 Info
00:15:55.980 Kit
00:15:56.200 On
00:15:56.760 Diversifying
00:15:57.500 And
00:15:57.700 Protecting
00:15:58.140 Your
00:15:58.340 Savings
00:15:58.760 With
00:15:59.220 Precious
00:15:59.620 Metals
00:16:00.100 With
00:16:00.960 An
00:16:01.100 A-plus
00:16:01.480 Rating
00:16:01.760 From
00:16:01.940 The
00:16:02.100 Better
00:16:02.380 Business
00:16:02.900 Bureau
00:16:03.200 Countless
00:16:03.720 Five-star
00:16:04.240 Reviews
00:16:04.760 And
00:16:04.960 Thousands
00:16:05.520 Of
00:16:05.820 Satisfied
00:16:06.280 Customers
00:16:06.840 Text
00:16:07.560 Bannon
00:16:07.980 B-A-N-N-O-N
00:16:09.100 To
00:16:09.480 9-8
00:16:09.920 9-8
00:16:10.740 9-8
00:16:11.420 And get
00:16:11.820 The real
00:16:12.180 Help
00:16:12.460 From
00:16:12.640 Birch
00:16:13.000 Gold
00:16:13.280 Today
00:16:13.700 Again
00:16:14.460 Text
00:16:15.080 Bannon
00:16:15.480 To
00:16:15.980 9-8
00:16:16.540 9-8
00:16:17.360 9-8
00:16:17.940 To
00:16:18.080 Claim
00:16:18.300 Your
00:16:18.640 Free
00:16:18.980 No
00:16:19.500 Obligation
00:16:20.100 Information
00:16:20.580 Kit
00:16:20.940 On
00:16:21.360 Protecting
00:16:21.940 Your
00:16:22.220 Savings
00:16:22.720 With
00:16:23.080 Gold
00:16:23.380 War
00:16:25.640 Room
00:16:25.980 Pandemic
00:16:27.140 With
00:16:27.580 Stephen
00:16:27.960 K.
00:16:28.380 Bannon
00:16:28.660 The
00:16:29.200 Epidemic
00:16:29.740 Is
00:16:29.980 A
00:16:30.140 Demon
00:16:30.400 And
00:16:30.820 We
00:16:30.940 Cannot
00:16:31.260 Let
00:16:31.460 This
00:16:31.660 Demon
00:16:31.960 Hide
00:16:32.440 War
00:16:33.100 Room
00:16:33.460 Pandemic
00:16:34.600 Here's
00:16:35.380 Your
00:16:35.520 Host
00:16:35.960 Stephen
00:16:36.580 K.
00:16:37.040 Bannon
00:16:37.340 Okay
00:16:39.800 Worst
00:16:40.160 Day
00:16:40.420 For
00:16:40.640 Stock
00:16:41.040 Since
00:16:41.340 2020
00:16:41.860 Since
00:16:42.260 Really
00:16:42.520 The
00:16:42.760 Part
00:16:43.240 Of
00:16:43.440 The
00:16:43.660 First
00:16:45.020 Round
00:16:45.340 Of
00:16:45.540 The
00:16:45.720 Darkest
00:16:46.380 Days
00:16:46.700 Of
00:16:47.020 COVID-19
00:16:47.780 And
00:16:47.980 Also
00:16:48.180 The
00:16:48.360 Country
00:16:48.620 Owners
00:16:49.000 A
00:16:49.120 True
00:16:49.320 Insurrection
00:16:49.880 That
00:16:50.100 Bill
00:16:50.300 Barr
00:16:50.600 And
00:16:50.820 The
00:16:51.020 DOJ
00:16:52.120 Wouldn't
00:16:52.280 Do
00:16:52.400 Anything
00:16:52.600 About
00:16:52.880 I
00:16:53.360 Want
00:16:53.520 To
00:16:53.600 Go
00:16:53.720 Back
00:16:54.000 To
00:16:54.280 Because
00:16:55.420 It's
00:16:55.640 Not
00:16:55.840 Just
00:16:56.040 About
00:16:56.300 Today
00:16:56.720 This
00:16:57.440 Is
00:16:57.580 A
00:16:57.740 Process
00:16:58.280 There's
00:16:59.600 Something
00:16:59.940 Deeply
00:17:00.660 Wrong
00:17:01.180 And
00:17:01.400 You
00:17:01.500 Saw
00:17:01.620 The
00:17:01.760 Demonic
00:17:02.120 Speech
00:17:02.540 And
00:17:02.700 All
00:17:02.840 His
00:17:03.080 This
00:17:03.420 Is
00:17:03.520 What
00:17:03.640 He
00:17:03.720 Had
00:17:03.860 To
00:17:03.960 Do
00:17:04.180 They
00:17:05.800 Know
00:17:06.080 They
00:17:06.260 Have
00:17:06.440 No
00:17:06.600 Control
00:17:06.960 Of
00:17:07.180 What
00:17:07.340 They're
00:17:07.520 Doing
00:17:07.820 Now
00:17:08.180 In
00:17:09.160 The
00:17:09.260 Economy
00:17:09.640 I
00:17:09.840 Know
00:17:10.020 You
00:17:10.380 Know
00:17:10.460 We
00:17:10.600 Had
00:17:10.740 This
00:17:10.940 Morning
00:17:11.160 On
00:17:11.400 Crowley
00:17:12.760 Monica
00:17:13.540 And
00:17:13.880 Others
00:17:14.100 Think
00:17:14.320 They're
00:17:14.520 Deliberally
00:17:14.940 Doing
00:17:15.220 This
00:17:15.480 And
00:17:15.660 Hey
00:17:15.820 That
00:17:16.020 May
00:17:16.180 Be
00:17:16.280 A
00:17:16.420 Case
00:17:16.740 But
00:17:17.640 I'm
00:17:17.720 Saying
00:17:17.840 Even
00:17:18.060 You
00:17:18.180 Put
00:17:18.320 The
00:17:18.440 Best
00:17:18.640 Face
00:17:18.880 On
00:17:19.040 It
00:17:19.160 They're
00:17:19.360 Totally
00:17:19.620 Incompetent
00:17:20.240 And
00:17:20.440 It's
00:17:20.580 Out
00:17:20.700 Of
00:17:20.800 Control
00:17:21.120 And
00:17:21.420 Their
00:17:21.660 Decisions
00:17:22.680 Only
00:17:23.060 Exacerbate
00:17:23.720 The
00:17:23.860 Problem
00:17:24.200 So
00:17:24.880 This
00:17:25.060 Is
00:17:25.200 Not
00:17:25.360 Going
00:17:25.480 To
00:17:25.560 Go
00:17:25.680 Away
00:17:25.900 Tomorrow
00:17:26.500 Today
00:17:26.980 Prove
00:17:27.380 That
00:17:27.540 We
00:17:27.700 Can't
00:17:27.960 Lie
00:17:28.240 And
00:17:28.360 Misrepresent
00:17:28.900 Dance
00:17:29.240 Around
00:17:29.460 Oh
00:17:29.620 He's
00:17:29.840 Had
00:17:29.940 A
00:17:30.040 Great
00:17:30.220 Month
00:17:30.460 Of
00:17:30.600 August
00:17:30.920 And
00:17:31.180 He's
00:17:31.700 Doing
00:17:31.840 The
00:17:31.940 Inflation
00:17:32.240 Control
00:17:32.520 Act
00:17:32.700 Those
00:17:32.880 Are
00:17:33.020 All
00:17:33.220 That's
00:17:33.680 Just
00:17:33.800 Spending
00:17:34.040 Three
00:17:34.340 Trillion
00:17:34.660 The
00:17:35.720 American
00:17:36.020 Recovery
00:17:36.520 Act
00:17:36.900 The
00:17:37.340 Infrastructure
00:17:37.880 Bill
00:17:38.240 This
00:17:38.720 Mini
00:17:38.980 Build
00:17:39.200 Back
00:17:39.400 Better
00:17:39.600 Which
00:17:39.820 Is
00:17:39.940 Just
00:17:40.100 A
00:17:40.260 Pay
00:17:40.480 Off
00:17:40.680 To
00:17:40.820 The
00:17:40.940 Democratic
00:17:41.280 Senators
00:17:41.840 Lobbyists
00:17:43.020 And
00:17:43.160 Donors
00:17:43.400 Because
00:17:43.560 They
00:17:43.680 Understand
00:17:43.920 They're
00:17:44.120 Getting
00:17:44.280 Turfed
00:17:44.600 Out
00:17:44.900 Okay
00:17:45.440 Let's
00:17:45.960 Talk
00:17:46.360 Like
00:17:46.520 Adults
00:17:46.900 Let's
00:17:47.140 Not
00:17:47.280 Have
00:17:47.460 Cable
00:17:48.440 TV
00:17:48.740 Happy
00:17:49.000 Talk
00:17:49.300 Let's
00:17:49.860 Have
00:17:49.980 A
00:17:50.100 Partners
00:17:50.360 Conversation
00:17:51.040 About
00:17:51.280 Exactly
00:17:51.840 What's
00:17:52.080 Going
00:17:52.260 On
00:17:52.440 Here
00:17:52.600 And
00:17:53.360 How
00:17:53.540 I
00:17:53.700 Told
00:17:53.920 You
00:17:54.020 How
00:17:54.180 They're
00:17:54.340 Going
00:17:54.420 To
00:17:54.500 Bail
00:17:54.660 Themselves
00:17:54.980 Out
00:17:55.200 They're
00:17:55.380 Coming
00:17:55.520 Back
00:17:55.760 These
00:17:55.920 All
00:17:56.020 Got
00:17:56.120 A
00:17:56.220 $47
00:17:56.600 Bill
00:17:57.320 Out
00:17:57.740 They're
00:17:57.880 Going
00:17:57.960 To
00:17:57.980 Have
00:17:58.100 A
00:17:58.200 Continued
00:17:58.560 Resolution
00:17:58.980 They
00:17:59.600 Got
00:17:59.840 To
00:17:59.940 Get
00:18:00.080 Their
00:18:00.240 Hands
00:18:00.400 They
00:18:00.500 Got
00:18:00.580 To
00:18:00.660 Get
00:18:00.740 The
00:18:00.860 Fed
00:18:01.020 To
00:18:01.160 Keep
00:18:01.340 Printing
00:18:01.660 Boom
00:18:01.900 Boom
00:18:02.080 Boom
00:18:02.120 Boom
00:18:02.300 Now
00:18:02.480 They're
00:18:02.700 Going to
00:18:02.940 Jack
00:18:03.180 Rates
00:18:03.440 They
00:18:03.580 Have
00:18:03.800 To
00:18:04.000 But
00:18:04.940 They
00:18:05.060 Don't
00:18:05.200 Know
00:18:05.320 If
00:18:05.420 They're
00:18:05.560 Coming
00:18:05.740 Or
00:18:05.900 Going
00:18:06.060 Right
00:18:06.200 And
00:18:06.280 Philip
00:18:06.560 Patrick
00:18:06.900 I
00:18:07.060 Just
00:18:07.300 Need
00:18:07.500 You
00:18:07.600 Take
00:18:07.840 A
00:18:07.980 Second
00:18:08.280 And
00:18:08.500 Go
00:18:08.660 Back
00:18:08.960 To
00:18:09.260 Because
00:18:10.200 It's
00:18:10.360 No
00:18:10.520 Spend
00:18:25.520 And
00:18:26.140 No
00:18:26.320 Problem
00:18:26.640 With
00:18:26.820 People
00:18:27.080 Driving
00:18:27.440 Last
00:18:27.760 And
00:18:27.900 Taking
00:18:28.040 Public
00:18:28.320 Transparent
00:18:28.680 Bikes
00:18:28.960 Do
00:18:29.120 What
00:18:29.260 You
00:18:29.320 Want
00:18:29.440 To
00:18:29.520 Do
00:18:29.680 As
00:18:30.400 A
00:18:30.560 Free
00:18:30.880 Choice
00:18:31.500 That
00:18:32.180 You
00:18:32.320 Are
00:18:32.440 Making
00:18:32.840 As
00:18:33.180 A
00:18:33.300 Free
00:18:33.500 Choice
00:18:33.880 This
00:18:34.380 Is
00:18:34.540 Not
00:18:34.700 A
00:18:34.820 Free
00:18:34.980 Choice
00:18:35.240 This
00:18:35.440 Is
00:18:35.560 Called
00:18:35.740 Demand
00:18:36.300 Destruction
00:18:36.900 This
00:18:37.480 Is
00:18:37.640 Your
00:18:37.780 Behaviors
00:18:38.420 Changing
00:18:39.320 Radically
00:18:40.360 Because
00:18:41.060 Of
00:18:41.360 Economic
00:18:41.880 Situations
00:18:42.600 Patrick
00:18:43.000 Philip
00:18:43.700 Want
00:18:44.120 Me
00:18:44.240 Just
00:18:44.420 Do
00:18:44.700 The
00:18:45.300 Report
00:18:45.740 And
00:18:45.900 What
00:18:46.040 It
00:18:46.160 Says
00:18:46.460 Of
00:18:47.560 Of
00:18:47.580 Of
00:18:47.600 Look
00:18:48.120 People
00:18:48.540 Are
00:18:48.720 Being
00:18:48.920 Forced
00:18:49.640 To
00:18:50.120 Change
00:18:50.560 Their
00:18:50.840 Behaviors
00:18:51.420 Inflation
00:18:52.080 Expectations
00:18:52.980 Have
00:18:53.220 Become
00:18:53.620 What
00:18:54.180 Is
00:18:54.280 Entrenched
00:18:55.460 And
00:18:56.040 That
00:18:56.220 Means
00:18:56.440 People
00:18:56.820 Expect
00:18:57.540 Inflation
00:18:58.320 To
00:18:58.500 Keep
00:18:58.680 Rising
00:18:59.080 And
00:18:59.560 They
00:18:59.640 Are
00:18:59.740 Changing
00:19:00.160 Their
00:19:00.420 Behaviors
00:19:00.900 Accordingly
00:19:01.580 Right
00:19:02.000 So
00:19:02.380 The
00:19:02.820 Reason
00:19:03.160 We
00:19:03.360 Are
00:19:03.420 Seeing
00:19:03.660 Demand
00:19:04.060 Destruction
00:19:04.600 Is
00:19:04.800 Twofold
00:19:05.280 Number
00:19:05.520 One
00:19:05.860 Gas
00:19:06.360 Is
00:19:06.500 Too
00:19:06.860 Expensive
00:19:07.420 Right
00:19:07.840 Instead
00:19:08.100 Of
00:19:08.260 Driving
00:19:08.600 To
00:19:08.820 Work
00:19:09.060 People
00:19:09.500 Are
00:19:09.640 Taking
00:19:09.860 The
00:19:10.040 Subway
00:19:10.380 Taking
00:19:10.700 A
00:19:10.900 Bus
00:19:11.140 They
00:19:11.460 Are
00:19:11.540 Having
00:19:11.700 To
00:19:11.860 Through
00:19:12.260 Those
00:19:12.520 Extra
00:19:13.040 Steps
00:19:13.680 To
00:19:18.920 Everybody
00:19:19.380 Knows
00:19:19.940 A
00:19:20.080 Recession
00:19:20.480 Is
00:19:20.720 Here
00:19:21.060 We're
00:19:21.900 In
00:19:22.060 It
00:19:22.220 Today
00:19:22.620 And
00:19:23.080 They're
00:19:23.240 Having
00:19:23.460 To
00:19:23.740 Change
00:19:24.540 Their
00:19:24.820 Lifestyles
00:19:25.600 To
00:19:25.800 Lower
00:19:26.060 Cost
00:19:26.480 To
00:19:26.920 Try
00:19:27.140 And
00:19:27.300 Suffer
00:19:27.660 Through
00:19:27.940 It
00:19:28.140 So
00:19:28.340 This
00:19:28.780 Is
00:19:29.020 Not
00:19:29.360 Good
00:19:29.760 News
00:19:30.120 This
00:19:30.380 Isn't
00:19:30.700 Policies
00:19:31.500 Put
00:19:31.740 Together
00:19:32.120 By
00:19:32.480 The
00:19:32.920 Biden
00:19:33.240 Administration
00:19:33.760 This
00:19:34.240 Isn't
00:19:34.520 Successful
00:19:35.180 Policies
00:19:35.720 Coming
00:19:36.000 Out
00:19:36.220 Of
00:19:36.300 The
00:19:36.420 Federal
00:19:36.680 Reserve
00:19:37.120 This
00:19:37.660 Is
00:19:37.780 People
00:19:38.100 Being
00:19:38.460 Forced
00:19:39.080 To
00:19:39.520 Change
00:19:39.920 Their
00:19:40.140 Spending
00:19:40.540 Habits
00:19:41.020 To
00:19:41.400 Reduce
00:19:41.840 Their
00:19:42.060 Monthly
00:19:42.460 Bill
00:19:42.720 But
00:19:42.900 Like
00:19:43.140 I
00:19:43.300 Said
00:19:43.580 Every
00:19:44.420 Other
00:19:44.860 Area
00:19:45.420 Of
00:19:45.720 The
00:19:45.860 Report
00:19:46.320 Food
00:19:47.020 Healthcare
00:19:47.840 Everything
00:19:48.820 Else
00:19:49.180 Is
00:19:49.380 Going
00:19:49.760 Up
00:19:50.100 And
00:19:50.420 Who
00:19:50.600 Does
00:19:50.780 That
00:19:51.040 Hit
00:19:51.300 It
00:19:51.720 Hits
00:19:51.940 Working
00:19:52.380 Class
00:19:52.800 Americans
00:19:53.240 It
00:19:53.480 Hits
00:19:53.700 Middle
00:19:54.020 America
00:19:54.540 Those
00:19:55.540 Are
00:19:55.680 The
00:19:55.780 People
00:19:56.060 That
00:19:56.280 Suffer
00:19:56.640 This
00:19:57.120 Report
00:19:57.620 Was
00:19:57.880 A
00:19:58.020 Disaster
00:19:58.660 And
00:19:59.100 Quite
00:19:59.340 Frankly
00:19:59.760 It's
00:20:00.040 Only
00:20:00.420 Going
00:20:00.820 To
00:20:01.080 Get
00:20:01.380 Worse
00:20:02.020 More
00:20:02.820 Bills
00:20:03.180 I
00:20:03.300 Mean
00:20:03.400 The
00:20:03.500 Biden
00:20:03.800 Administration
00:20:04.360 Haven't
00:20:04.960 Seen
00:20:05.480 A
00:20:05.920 Spending
00:20:06.320 Bill
00:20:06.620 That
00:20:06.820 They
00:20:07.000 Don't
00:20:07.300 Like
00:20:07.660 And
00:20:08.060 As
00:20:08.180 As
00:20:08.640 They're
00:20:12.900 This
00:20:13.140 Is
00:20:13.300 Kind
00:20:13.460 Of
00:20:13.580 To
00:20:13.720 Your
00:20:13.900 Income
00:20:14.260 Statement
00:20:14.680 The
00:20:15.040 Inflation
00:20:15.700 Because
00:20:16.000 Remember
00:20:16.320 We've
00:20:16.580 Had
00:20:16.700 17
00:20:17.100 Months
00:20:17.440 In
00:20:17.540 A
00:20:17.660 Row
00:20:17.860 Of
00:20:18.420 Dropping
00:20:18.740 Real
00:20:19.000 Wages
00:20:19.340 So
00:20:19.580 You're
00:20:20.040 The
00:20:20.140 Little
00:20:20.300 Hamster
00:20:20.680 On
00:20:20.840 The
00:20:20.940 Wheel
00:20:21.220 And
00:20:21.680 You're
00:20:21.840 Falling
00:20:22.980 Farther
00:20:23.300 And
00:20:23.440 Farther
00:20:23.680 Behind
00:20:24.080 Right
00:20:24.920 You're
00:20:25.280 Falling
00:20:25.540 Farther
00:20:25.820 And
00:20:25.920 Farther
00:20:26.100 Behind
00:20:26.380 Do
00:20:26.580 No
00:20:27.100 No
00:20:27.820 Not
00:20:28.940 Because
00:20:29.260 Of
00:20:29.420 Your
00:20:29.540 Efforts
00:20:29.940 You're
00:20:30.640 On
00:20:30.800 The
00:20:30.920 Wheel
00:20:31.120 You're
00:20:31.340 Spending
00:20:31.540 The
00:20:31.660 Wheel
00:20:31.780 Harder
00:20:32.800 They
00:20:32.980 Already
00:20:33.200 Told
00:20:33.460 In
00:20:33.680 Last
00:20:34.000 Quarter
00:20:34.220 Had
00:20:34.360 The
00:20:34.480 Greatest
00:20:34.760 Drop
00:20:35.060 In
00:20:35.200 Net
00:20:35.360 Worth
00:20:35.600 6.1
00:20:36.660 Trillion
00:20:37.060 Stock
00:20:37.560 Market
00:20:37.880 That
00:20:38.120 Ain't
00:20:38.320 Counting
00:20:38.700 In
00:20:38.840 Today
00:20:39.180 Or
00:20:39.420 The
00:20:39.560 Real
00:20:39.740 Estate
00:20:40.000 Market
00:20:40.340 That's
00:20:40.680 About
00:20:40.980 To
00:20:41.220 Implode
00:20:41.720 Baby
00:20:42.040 Because
00:20:42.960 They're
00:20:43.220 Going
00:20:43.320 To
00:20:43.480 Jack
00:20:43.820 Rates
00:20:44.240 So
00:20:44.860 They
00:20:45.120 Got
00:20:45.360 Your
00:20:45.520 Balance
00:20:45.860 Sheet
00:20:46.140 They're
00:20:46.300 Destroying
00:20:46.800 In
00:20:46.940 Front
00:20:47.140 Of
00:20:47.240 You
00:20:47.380 They
00:20:48.180 Got
00:20:48.380 Your
00:20:48.540 Income
00:20:48.880 Statement
00:20:49.280 They're
00:20:49.500 Destroying
00:20:49.920 In
00:20:50.080 Front
00:20:50.280 Of
00:20:50.380 You
00:20:50.540 This
00:20:51.420 Is
00:20:51.560 Like
00:20:51.780 A
00:20:52.000 Kafka
00:20:52.340 S
00:20:52.740 You're
00:20:53.340 In
00:20:53.420 A
00:20:53.540 Kafka
00:20:53.880 S
00:20:54.160 Novel
00:20:54.500 Right
00:20:54.720 Now
00:20:54.920 Where
00:20:55.420 Your
00:20:56.100 Best
00:20:57.060 Efforts
00:20:57.660 It
00:20:58.080 Only
00:20:58.260 Gets
00:20:58.500 Worse
00:20:58.920 Because
00:20:59.740 Of
00:21:00.020 These
00:21:00.300 Powers
00:21:01.260 That
00:21:01.480 Be
00:21:01.700 That
00:21:01.900 Are
00:21:02.020 This
00:21:02.380 Ain't
00:21:02.560 Conspiracy
00:21:03.060 Theory
00:21:03.460 Baby
00:21:03.800 Price
00:21:04.920 Is
00:21:05.220 Truth
00:21:05.820 Price
00:21:06.920 Is
00:21:07.220 Truth
00:21:07.760 You're
00:21:08.840 Seeing
00:21:09.000 It
00:21:09.100 Right
00:21:09.200 Here
00:21:09.300 They
00:21:09.420 Can't
00:21:09.820 Hide
00:21:10.120 It
00:21:10.260 They
00:21:10.420 Can't
00:21:10.700 Lie
00:21:10.940 About
00:21:11.180 It
00:21:11.340 Anymore
00:21:11.660 They
00:21:11.820 Can't
00:21:12.060 Spin
00:21:12.380 It
00:21:12.580 We've
00:21:13.940 Been
00:21:14.060 Preaching
00:21:14.360 The
00:21:14.540 Gospel
00:21:14.900 Of
00:21:15.140 Easy
00:21:15.420 Money
00:21:15.780 And
00:21:16.000 What
00:21:16.140 They've
00:21:16.360 Been
00:21:16.480 Doing
00:21:16.780 And
00:21:16.960 Print
00:21:17.200 And
00:21:17.600 All
00:21:17.800 They're
00:21:18.000 Going
00:21:18.140 To
00:21:18.240 Come
00:21:18.440 Up
00:21:18.640 With
00:21:18.780 Is
00:21:18.920 More
00:21:19.100 Spending
00:21:19.520 Today
00:21:19.920 Yes
00:21:20.740 We're
00:21:21.340 Going
00:21:21.420 To
00:21:21.480 Show
00:21:21.660 Zen
00:21:21.940 Master
00:21:22.280 At
00:21:22.420 The
00:21:22.500 Bottom
00:21:22.720 Of
00:21:22.840 Hour
00:21:23.120 The
00:21:23.300 Zen
00:21:23.520 Master
00:21:23.800 Jean
00:21:24.080 Pierre
00:21:24.300 She
00:21:24.460 Goes
00:21:24.600 Yes
00:21:25.120 You
00:21:25.240 Know
00:21:25.340 He's
00:21:25.600 Working
00:21:25.920 All
00:21:26.340 The
00:21:26.540 Time
00:21:26.980 To
00:21:27.420 Lower
00:21:27.700 Cost
00:21:28.140 And
00:21:28.260 Health
00:21:28.420 It's
00:21:28.640 All
00:21:28.760 Nonsense
00:21:29.200 Just
00:21:29.440 Spending
00:21:29.740 More
00:21:29.940 Money
00:21:30.300 Spending
00:21:31.440 More
00:21:31.660 Money
00:21:31.980 To
00:21:32.980 Pay
00:21:33.180 Off
00:21:33.340 The
00:21:33.480 System
00:21:33.760 Is
00:21:33.860 The
00:21:33.960 Way
00:21:34.080 The
00:21:34.200 Administrative
00:21:34.620 State
00:21:34.880 Works
00:21:35.340 Philip
00:21:36.660 Hang
00:21:36.940 One
00:21:37.200 Second
00:21:37.380 Let
00:21:37.520 Let
00:21:37.540 Get
00:21:37.700 Dave
00:21:37.920 Brat
00:21:38.120 In
00:21:38.220 Here
00:21:38.320 For
00:21:38.440 Second
00:21:38.660 Brat
00:21:39.100 You've
00:21:40.080 Been
00:21:40.160 All
00:21:40.440 Over
00:21:40.620 This
00:21:40.880 Today
00:21:41.320 Both
00:21:41.640 Stocks
00:21:42.180 And
00:21:42.340 Bonds
00:21:42.760 Destroying
00:21:43.800 The
00:21:44.040 Balance
00:21:44.400 Sheet
00:21:44.760 Of
00:21:44.980 Middle
00:21:45.200 People
00:21:45.600 Have
00:21:45.820 Just
00:21:46.000 Been
00:21:46.240 Able
00:21:46.400 To
00:21:46.540 Save
00:21:46.740 A
00:21:46.880 Little
00:21:47.040 Bit
00:21:47.280 I
00:21:47.700 Got
00:21:47.840 A
00:21:47.920 Little
00:21:48.000 401k
00:21:48.740 I
00:21:48.960 Got
00:21:49.080 A
00:21:49.180 Couple
00:21:49.360 Of
00:21:49.500 Government
00:21:49.760 Bonds
00:21:50.120 I
00:21:50.380 I've
00:21:50.900 Bought
00:21:51.120 Corporates
00:21:51.760 And
00:21:52.140 I
00:21:52.240 Bought
00:21:52.460 Some
00:21:52.640 Treasuries
00:21:53.240 Because
00:21:53.880 Everybody
00:21:54.560 Tells
00:21:55.000 Me
00:21:55.120 That's
00:21:55.340 What
00:21:55.440 I
00:21:55.480 Do
00:21:55.620 Them
00:21:55.740 Save
00:21:56.060 Boom
00:21:57.100 You're
00:21:57.380 Getting
00:21:57.520 Crushed
00:21:57.960 In
00:21:58.060 Those
00:21:58.420 Walk
00:21:59.000 Us
00:21:59.160 Through
00:21:59.320 This
00:21:59.520 Brett
00:21:59.840 What
00:22:00.100 Does
00:22:00.200 The
00:22:00.320 Business
00:22:00.580 School
00:22:00.840 At
00:22:00.960 Liberty
00:22:01.140 University
00:22:01.580 Say
00:22:01.860 About
00:22:02.080 That
00:22:02.440 Yeah
00:22:03.620 Well
00:22:03.960 It's
00:22:04.800 A
00:22:05.020 It
00:22:05.480 Is
00:22:05.960 An
00:22:06.140 Historic
00:22:07.000 Day
00:22:07.500 This
00:22:08.640 Day
00:22:09.000 Is
00:22:09.180 Going
00:22:09.320 To
00:22:09.440 Mark
00:22:09.760 The
00:22:09.940 Day
00:22:10.100 Where
00:22:10.380 Truth
00:22:10.880 Of
00:22:11.020 The
00:22:11.120 Capital
00:22:11.500 T
00:22:11.820 Comes
00:22:12.220 Out
00:22:12.460 Full
00:22:12.740 Force
00:22:13.120 Right
00:22:13.340 We're
00:22:13.480 Having
00:22:13.660 Sovereign
00:22:14.160 Debt
00:22:14.440 Crises
00:22:14.900 Around
00:22:15.300 The
00:22:15.480 World
00:22:15.820 That
00:22:16.720 Are
00:22:16.840 Starting
00:22:17.240 To
00:22:17.420 Unfold
00:22:17.880 China
00:22:18.300 Is
00:22:18.460 Unfolding
00:22:19.320 Europe
00:22:19.640 Is
00:22:19.820 Unfolding
00:22:20.500 US
00:22:20.840 Is
00:22:21.000 Unfolding
00:22:21.660 The
00:22:22.540 Elites
00:22:23.120 Know
00:22:23.380 What
00:22:23.580 They're
00:22:23.740 Doing
00:22:24.100 Right
00:22:24.460 So
00:22:24.720 They
00:22:25.000 Know
00:22:25.220 That
00:22:25.420 A
00:22:26.140 Sovereign
00:22:26.580 Debt
00:22:26.840 Crisis
00:22:27.220 Is
00:22:27.720 Going
00:22:27.940 To
00:22:28.080 Happen
00:22:28.480 Right
00:22:28.660 We
00:22:28.820 Owe
00:22:28.980 30
00:22:29.260 Trillion
00:22:29.620 There's
00:22:29.860 No
00:22:30.000 Way
00:22:30.140 We're
00:22:30.260 Paying
00:22:30.500 It
00:22:30.600 Back
00:22:30.900 And
00:22:31.860 So
00:22:32.080 They
00:22:32.540 Just
00:22:32.900 Want
00:22:33.140 To
00:22:33.260 Secure
00:22:33.640 Them
00:22:33.960 And
00:22:34.060 Their
00:22:34.180 Kids
00:22:34.460 You
00:22:34.620 Know
00:22:34.700 10
00:22:34.960 Million
00:22:35.240 20
00:22:35.600 Million
00:22:35.840 Whatever
00:22:36.040 They
00:22:36.220 Need
00:22:36.460 To
00:22:36.560 Feel
00:22:36.720 Secure
00:22:37.260 For
00:22:38.860 The
00:22:38.980 Rest
00:22:39.200 Their
00:22:39.380 Lives
00:22:39.700 So
00:22:39.860 That's
00:22:40.080 What
00:22:40.200 They're
00:22:40.500 Selling
00:22:41.040 Out
00:22:41.220 The
00:22:41.380 Country
00:22:41.680 They've
00:22:41.900 Been
00:22:42.020 Doing
00:22:42.200 That
00:22:42.400 For
00:22:42.600 10
00:22:42.860 To
00:22:42.980 20
00:22:43.220 Years
00:22:43.520 This
00:22:43.760 Show
00:22:43.920 Has
00:22:44.060 Been
00:22:44.180 All
00:22:44.360 Over
00:22:44.540 That
00:22:44.800 So
00:22:45.940 What's
00:22:46.240 What's
00:22:46.520 Really
00:22:46.780 At
00:22:47.000 Play
00:22:47.220 Today
00:22:47.520 With
00:22:47.780 This
00:22:47.960 Inflation
00:22:48.920 Hike
00:22:49.360 Is
00:22:49.660 It's
00:22:50.100 It's
00:22:50.580 Permanent
00:22:51.280 Now
00:22:51.560 Now
00:22:52.200 You
00:22:52.480 See
00:22:53.000 There's
00:22:53.600 No
00:22:53.800 Shortcuts
00:22:54.420 So
00:22:54.880 Now
00:22:55.060 The
00:22:55.220 Real
00:22:55.600 Story
00:22:56.120 Coming
00:22:56.460 To
00:22:56.660 Bear
00:22:56.820 Today
00:22:57.180 The
00:22:57.420 Real
00:22:57.700 Truth
00:22:58.120 That
00:22:58.340 Made
00:22:58.540 Itself
00:22:58.880 Very
00:22:59.260 Apparent
00:22:59.760 Is
00:23:00.540 That
00:23:00.760 Oops
00:23:01.280 Modern
00:23:02.280 Monetary
00:23:02.920 Theory
00:23:03.300 And
00:23:03.500 All
00:23:03.700 These
00:23:03.880 Fancy
00:23:04.280 Gizmos
00:23:04.800 And
00:23:05.020 All
00:23:05.220 The
00:23:05.360 Spending
00:23:05.740 Came
00:23:06.380 To
00:23:06.520 A
00:23:06.640 Head
00:23:06.820 Today
00:23:07.100 Because
00:23:07.440 They
00:23:07.760 Were
00:23:07.900 Willing
00:23:08.180 To
00:23:08.320 Plow
00:23:08.500 The
00:23:08.640 American
00:23:08.880 People
00:23:09.300 Under
00:23:09.740 The
00:23:10.400 Dirt
00:23:10.700 Right
00:23:11.000 With
00:23:11.720 High
00:23:11.940 Inflation
00:23:12.460 Crush
00:23:12.900 You
00:23:13.180 Cortez
00:23:14.040 Had
00:23:14.280 All
00:23:14.520 The
00:23:15.060 Requirements
00:23:15.660 Today
00:23:15.940 Everything
00:23:16.220 You
00:23:16.420 Need
00:23:16.620 Is
00:23:16.720 Going
00:23:16.860 Up
00:23:17.000 24
00:23:17.480 But
00:23:18.780 The
00:23:19.020 Dagger
00:23:19.860 Today
00:23:20.420 That
00:23:21.800 Is
00:23:22.220 The
00:23:22.420 Good
00:23:22.700 News
00:23:23.080 The
00:23:23.580 Truth
00:23:23.900 Of
00:23:24.020 The
00:23:24.100 Matter
00:23:24.340 Is
00:23:24.640 The
00:23:25.080 Interest
00:23:25.520 Rates
00:23:25.720 Are
00:23:25.880 Going
00:23:26.160 Up
00:23:26.780 Globally
00:23:28.000 Significantly
00:23:29.160 That's
00:23:29.480 Your
00:23:29.600 Bond
00:23:29.880 Market
00:23:30.200 Piece
00:23:30.480 You're
00:23:30.640 Talking
00:23:30.880 About
00:23:31.060 Right
00:23:31.240 The
00:23:31.400 Interest
00:23:31.680 Rates
00:23:31.860 Are
00:23:31.960 Going
00:23:32.140 Up
00:23:32.420 That
00:23:33.200 Is
00:23:33.460 Striking
00:23:34.040 Fear
00:23:34.660 Into
00:23:34.900 Every
00:23:35.200 Government
00:23:35.640 Across
00:23:36.140 The
00:23:36.400 World
00:23:36.640 Right
00:23:36.860 Now
00:23:37.040 How
00:23:37.480 Do
00:23:37.700 We
00:23:37.900 Pay
00:23:38.260 This
00:23:38.560 Back
00:23:39.100 Hang
00:23:39.920 On
00:23:42.140 Hang
00:23:42.740 On
00:23:42.880 Hang
00:23:43.120 On
00:23:43.300 I
00:23:43.820 Got
00:23:43.980 It
00:23:44.280 I
00:23:44.820 Put
00:23:45.040 A
00:23:45.160 Minute
00:23:45.280 Right
00:23:45.540 There
00:23:45.660 I
00:23:45.720 Come
00:23:45.840 Back
00:23:46.160 To
00:23:46.260 You
00:23:46.340 Because
00:23:46.500 You
00:23:46.640 Said
00:23:46.960 Dave
00:23:48.240 Brad
00:23:48.580 Said
00:23:48.800 The
00:23:48.960 Quiet
00:23:49.300 Part
00:23:49.620 Out
00:23:49.900 Loud
00:23:50.240 Philip
00:23:51.940 Patrick
00:23:52.400 And
00:23:53.560 I
00:23:53.680 Hate
00:23:53.840 To
00:23:54.000 Hawk
00:23:54.380 Our
00:23:54.720 Totally
00:23:55.020 Free
00:23:55.300 But
00:23:55.660 You
00:23:56.200 Gotta
00:23:56.400 Do
00:23:56.640 It
00:23:56.820 Go
00:23:57.860 To
00:23:58.000 Birch
00:23:58.280 Gold
00:23:58.480 Dot
00:23:58.700 Com
00:23:58.880 For
00:23:59.080 The
00:24:00.040 For
00:24:00.060 The
00:24:00.640 Politics
00:24:01.120 Of
00:24:01.340 Money
00:24:01.540 The
00:24:01.760 End
00:24:01.940 Of
00:24:02.040 The
00:24:02.140 Dollar
00:24:02.360 Empire
00:24:02.800 Because
00:24:03.840 Dave
00:24:04.160 Brad
00:24:04.400 Said
00:24:04.580 Something
00:24:04.840 Nobody
00:24:05.140 Wants
00:24:05.420 To
00:24:05.520 Talk
00:24:05.720 About
00:24:05.960 A
00:24:06.840 Sovereign
00:24:07.520 Debt
00:24:07.980 Crisis
00:24:08.420 And
00:24:08.600 That
00:24:08.740 Sovereign
00:24:09.100 Debt
00:24:09.320 Crisis
00:24:09.660 Is
00:24:09.840 Not
00:24:10.020 Going
00:24:10.160 To
00:24:10.200 Be
00:24:10.340 In
00:24:10.460 Zambia
00:24:11.000 That
00:24:11.500 Sovereign
00:24:11.860 Debt
00:24:12.080 Crisis
00:24:12.480 Is
00:24:13.100 Not
00:24:13.300 Going
00:24:13.420 To
00:24:13.460 Be
00:24:13.560 In
00:24:13.680 Sub
00:24:13.880 Saharan
00:24:14.200 Africa
00:24:14.620 It
00:24:15.160 Is
00:24:15.200 Not
00:24:15.360 Going
00:24:15.480 To
00:24:15.540 Be
00:24:15.680 In
00:24:15.800 Brazil
00:24:16.240 It
00:24:16.720 Is
00:24:16.740 Not
00:24:16.880 Going
00:24:16.980 To
00:24:17.000 Be
00:24:17.080 Down
00:24:17.260 In
00:24:17.380 Argentina
00:24:17.980 We're
00:24:18.520 Not
00:24:18.680 Talking
00:24:18.980 About
00:24:19.380 Bangladesh
00:24:20.000 We're
00:24:20.700 Talking
00:24:20.880 About
00:24:21.020 The
00:24:21.140 Good
00:24:21.320 Old
00:24:21.520 United
00:24:21.980 States
00:24:22.440 Of
00:24:22.640 America
00:24:23.080 Because
00:24:23.800 The
00:24:23.960 Simple
00:24:24.180 People
00:24:24.460 Are
00:24:24.620 Start
00:24:24.800 Asking
00:24:25.200 Questions
00:24:25.640 Here
00:24:25.800 Let
00:24:25.980 Me
00:24:26.060 Just
00:24:26.260 Do
00:24:26.400 Some
00:24:26.640 Math
00:24:27.020 When
00:24:27.600 Interest
00:24:27.980 Rates
00:24:28.220 The
00:24:28.600 Whole
00:24:28.860 Structure
00:24:29.360 Of
00:24:29.620 The
00:24:29.760 Modern
00:24:30.080 Economy
00:24:30.560 Post
00:24:30.900 2008
00:24:31.520 Is
00:24:31.720 On
00:24:31.860 A
00:24:31.880 Negative
00:24:32.280 Interest
00:24:32.720 Rate
00:24:32.900 Or
00:24:33.020 Zero
00:24:33.260 Interest
00:24:33.620 Rate
00:24:33.820 Basis
00:24:34.280 We're
00:24:34.940 Not
00:24:35.160 Set
00:24:35.860 Up
00:24:36.260 Structurally
00:24:37.160 For
00:24:37.560 Higher
00:24:37.800 Interest
00:24:38.160 Rates
00:24:38.400 And
00:24:38.620 Today
00:24:39.020 Was
00:24:39.360 The
00:24:39.540 Day
00:24:39.820 When
00:24:40.080 The
00:24:40.240 Fed
00:24:40.420 Sitting
00:24:40.700 There
00:24:40.840 And
00:24:40.940 Going
00:24:41.080 Hey
00:24:41.400 What
00:24:41.920 We
00:24:42.060 Said
00:24:42.280 In
00:24:42.400 Jackson
00:24:42.720 Hole
00:24:43.040 Is
00:24:43.480 Only
00:24:43.680 The
00:24:43.840 Beginning
00:24:44.140 And
00:24:44.820 They're
00:24:45.000 Going
00:24:45.120 To
00:24:45.200 Start
00:24:45.420 Asking
00:24:45.820 The
00:24:45.960 Questions
00:24:46.400 Is
00:24:46.720 Well
00:24:47.060 Hang
00:24:47.260 On
00:24:47.400 For
00:24:47.520 A
00:24:47.620 Second
00:24:47.840 How
00:24:48.440 Are
00:24:48.540 You
00:24:48.620 Going
00:24:49.120 To
00:24:49.200 Start
00:24:49.360 Paying
00:24:49.600 The
00:24:49.720 Interest
00:24:49.980 On
00:24:50.140 By
00:24:50.380 The
00:24:50.460 Last
00:24:50.920 Night
00:24:51.100 We
00:24:51.240 Went
00:24:51.400 We
00:24:53.380 Our
00:24:55.440 Second
00:24:55.860 Part
00:24:56.260 Of
00:24:56.520 It
00:24:56.620 Is
00:24:56.840 About
00:24:57.100 The
00:24:57.620 End
00:24:58.080 Of
00:24:58.340 The
00:24:58.480 Dollar
00:24:58.840 As
00:24:59.120 The
00:24:59.260 Prime
00:24:59.500 Reserve
00:24:59.780 Currency
00:25:00.200 You've
00:25:00.480 Got
00:25:00.600 The
00:25:00.820 Financial
00:25:01.160 Times
00:25:01.560 Today
00:25:01.840 Before
00:25:02.940 These
00:25:03.300 Numbers
00:25:03.620 Came
00:25:03.900 Out
00:25:04.180 Are
00:25:04.960 We
00:25:05.160 Looking
00:25:05.480 At
00:25:05.800 A
00:25:05.980 Sovereign
00:25:06.460 Debt
00:25:06.760 Crisis
00:25:07.300 You
00:25:07.900 Believe
00:25:08.280 In
00:25:09.240 The
00:25:09.340 United
00:25:09.660 States
00:25:10.040 Of
00:25:10.200 America
00:25:10.600 Absolutely
00:25:12.080 Yes
00:25:12.680 And
00:25:12.820 I'm
00:25:12.980 Really
00:25:13.280 Glad
00:25:13.600 Dave
00:25:13.920 Mentioned
00:25:14.300 That
00:25:14.580 Because
00:25:14.840 We're
00:25:15.080 Talking
00:25:15.380 About
00:25:15.780 Sort
00:25:16.060 Of
00:25:16.180 The
00:25:16.340 Shorter
00:25:16.640 Term
00:25:16.960 Effect
00:25:17.260 The
00:25:17.480 Domestic
00:25:17.880 Effect
00:25:18.300 Of
00:25:18.480 Raising
00:25:18.820 Interest
00:25:19.220 Rates
00:25:19.500 But
00:25:19.720 We've
00:25:20.300 Got
00:25:20.460 Two
00:25:20.720 Factors
00:25:21.240 Right
00:25:21.500 Now
00:25:21.780 One
00:25:22.180 We've
00:25:22.500 Got
00:25:22.680 Deficit
00:25:23.280 Spending
00:25:23.780 Right
00:25:24.200 And
00:25:24.380 Administration
00:25:24.940 By
00:25:25.500 The
00:25:25.580 Way
00:25:25.720 700
00:25:26.200 Billion
00:25:26.920 Dollars
00:25:27.260 This
00:25:27.560 Year
00:25:27.820 Alone
00:25:28.220 In
00:25:28.720 Deficit
00:25:29.220 Spending
00:25:29.560 By
00:25:29.820 The
00:25:30.060 Biden
00:25:30.680 Administration
00:25:31.320 Then
00:25:32.020 You've
00:25:32.240 Got
00:25:32.380 The
00:25:32.560 Federal
00:25:32.880 Reserve
00:25:33.320 They're
00:25:33.660 Having
00:25:34.000 To
00:25:34.280 Raise
00:25:34.660 Rates
00:25:35.180 In
00:25:35.700 Order
00:25:35.880 To
00:25:36.080 Try
00:25:36.320 And
00:25:36.460 Get
00:25:36.640 In
00:25:36.760 Control
00:25:37.620 So
00:25:38.100 We've
00:25:38.340 Got
00:25:38.480 This
00:25:38.680 Catch
00:25:38.980 22
00:25:39.420 Right
00:25:39.880 At
00:25:40.000 The
00:25:40.120 Very
00:25:40.480 Time
00:25:40.960 The
00:25:41.380 Fed
00:25:41.600 Is
00:25:41.740 Raising
00:25:42.060 Interest
00:25:42.480 Rates
00:25:42.720 To
00:25:42.900 Make
00:25:43.060 Borrowing
00:25:43.460 More
00:25:43.640 Expensive
00:25:44.220 For
00:25:44.480 Everyone
00:25:44.840 We're
00:25:45.460 Saddled
00:25:45.800 With
00:25:46.000 An
00:25:46.140 Administration
00:25:46.620 That
00:25:47.060 Are
00:25:47.200 Looking
00:25:47.440 To
00:25:47.680 Spend
00:25:48.180 Ourselves
00:25:48.820 Into
00:25:49.380 Oblivion
00:25:50.160 Treasury
00:25:50.840 Yields
00:25:51.360 Right
00:25:51.620 Now
00:25:51.860 On
00:25:52.000 A
00:25:52.120 Weekly
00:25:52.460 Basis
00:25:53.020 Have
00:25:53.200 Been
00:25:53.340 Rising
00:25:53.700 Twice
00:25:54.160 As
00:25:54.420 Often
00:25:54.760 As
00:25:55.220 They
00:25:55.360 Have
00:25:55.580 Been
00:25:55.740 Falling
00:25:56.300 That's
00:25:56.760 68.6
00:25:57.980 Percent
00:25:58.400 Of
00:25:58.580 The
00:25:58.720 Time
00:25:59.000 This
00:25:59.280 Year
00:25:59.580 We've
00:26:00.100 Seen
00:26:00.280 An
00:26:00.400 Increase
00:26:00.820 In
00:26:00.980 Treasury
00:26:01.320 Rates
00:26:01.680 It's
00:26:02.140 Never
00:26:02.560 Happened
00:26:03.020 Before
00:26:03.420 And
00:26:03.900 This
00:26:04.080 Is
00:26:04.220 Clear
00:26:04.520 Evidence
00:26:05.000 Of
00:26:05.200 Two
00:26:05.420 Things
00:26:05.660 Number
00:26:06.380 One
00:26:06.700 Deficit
00:26:07.520 Spending
00:26:07.840 Is
00:26:07.980 Becoming
00:26:08.260 More
00:26:08.480 Expensive
00:26:09.020 Number
00:26:09.560 Two
00:26:09.900 And
00:26:10.060 This
00:26:10.240 Is
00:26:10.340 What
00:26:10.520 You
00:26:10.680 Mentioned
00:26:11.080 Earlier
00:26:11.420 Globally
00:26:12.340 People
00:26:12.680 Are
00:26:12.920 Less
00:26:13.220 Willing
00:26:13.580 To
00:26:13.780 Lend
00:26:14.180 Money
00:26:14.480 To
00:26:14.660 The
00:26:14.820 U.S.
00:26:15.580 Particularly
00:26:16.080 For
00:26:16.440 Absurd
00:26:17.160 Spending
00:26:17.940 Programs
00:26:18.540 Like
00:26:18.820 The
00:26:18.980 Inflation
00:26:19.380 Reduction
00:26:19.860 Act
00:26:20.140 Student
00:26:20.720 Debt
00:26:21.020 Forgiveness
00:26:21.460 It's
00:26:22.020 Bananas
00:26:22.500 And
00:26:22.740 It's
00:26:22.980 This
00:26:23.260 That
00:26:23.480 Leads
00:26:23.740 To
00:26:23.900 Our
00:26:24.040 Demise
00:26:24.480 Sorry
00:26:24.920 Hold
00:26:25.540 It
00:26:25.640 Hold
00:26:25.780 It
00:26:25.900 And
00:26:26.280 Now
00:26:26.440 Look
00:26:26.580 The
00:26:35.200 Because
00:26:35.480 Remember
00:26:35.740 The
00:26:36.240 Cash
00:26:36.560 We
00:26:36.700 Take
00:26:36.960 In
00:26:37.120 From
00:26:37.300 All
00:26:37.940 Fees
00:26:38.440 And
00:26:38.640 Taxes
00:26:39.240 About
00:26:39.840 Three
00:26:40.020 And
00:26:40.140 A
00:26:40.160 Half
00:26:40.280 Trian
00:26:40.520 Is
00:26:40.700 Offset
00:26:41.680 And
00:26:41.880 This
00:26:42.080 Is
00:26:42.300 A
00:26:42.420 Coincidence
00:26:42.920 By
00:26:43.600 The
00:26:43.800 Transfer
00:26:44.160 Payments
00:26:44.700 To
00:26:44.960 Social
00:26:45.240 Security
00:26:45.600 Medicaid
00:26:45.980 And
00:26:46.180 Medicare
00:26:46.380 Roughly
00:26:46.940 Everything
00:26:47.760 Else
00:26:48.180 Is
00:26:48.560 Deficit
00:26:48.960 Spending
00:26:49.260 Including
00:26:49.700 The
00:26:49.900 One
00:26:50.080 Trillion
00:26:50.420 Defense
00:26:51.080 Bill
00:26:51.260 We
00:26:51.400 Got
00:26:51.520 So
00:26:51.640 It's
00:26:51.740 About
00:26:51.920 A
00:26:52.040 Trillion
00:26:52.240 Two
00:26:52.320 And
00:26:52.420 A
00:26:52.460 Half
00:26:52.620 The
00:26:53.040 Normal
00:26:53.340 Operations
00:26:54.020 Of
00:26:54.420 The
00:26:54.520 Of
00:26:54.740 This
00:26:55.420 Business
00:26:55.840 The
00:26:56.180 System
00:26:56.540 Right
00:26:57.160 Now
00:26:57.320 It's
00:26:57.400 700
00:26:57.640 Billion
00:26:57.960 That
00:26:58.440 Doesn't
00:26:58.640 Include
00:26:58.980 The
00:26:59.180 Side
00:26:59.440 Pockets
00:26:59.900 The
00:27:00.520 Side
00:27:00.800 Pockets
00:27:01.180 Of
00:27:01.360 The
00:27:01.500 1.9
00:27:02.420 American
00:27:03.100 Recovery
00:27:03.620 Act
00:27:03.980 The
00:27:04.320 1.3
00:27:05.000 Infrastructure
00:27:05.720 Act
00:27:06.120 The
00:27:06.500 800
00:27:06.860 Billion
00:27:07.220 Of
00:27:07.360 This
00:27:07.520 Fiasco
00:27:08.100 The
00:27:08.300 Inflation
00:27:08.840 Control
00:27:09.180 Orwellian
00:27:09.780 Name
00:27:10.060 Inflation
00:27:10.400 Control
00:27:10.680 Was
00:27:10.840 A
00:27:10.960 Payoff
00:27:11.260 To
00:27:11.360 The
00:27:11.460 Guys
00:27:11.720 And
00:27:12.620 Even
00:27:13.280 His
00:27:13.540 Illegal
00:27:14.160 One
00:27:14.560 Trillion
00:27:14.900 Dollar
00:27:15.140 Write
00:27:15.380 Off
00:27:15.520 Now
00:27:15.680 It
00:27:15.800 Doesn't
00:27:16.000 Happen
00:27:16.320 At
00:27:16.420 All
00:27:16.540 The
00:27:16.700 Same
00:27:16.900 Time
00:27:17.160 Period
00:27:17.500 But
00:27:18.080 It's
00:27:18.260 Kind
00:27:18.540 Of
00:27:18.660 Together
00:27:19.040 So
00:27:19.580 You've
00:27:19.780 Got
00:27:20.060 My
00:27:20.380 Point
00:27:20.640 Is
00:27:20.820 It's
00:27:21.140 An
00:27:21.320 Orgy
00:27:22.040 Of
00:27:22.340 Spending
00:27:22.960 With
00:27:23.640 No
00:27:23.860 Parental
00:27:24.380 Supervision
00:27:24.980 Nobody's
00:27:25.940 Up
00:27:26.100 There
00:27:26.220 On
00:27:26.340 Capitol
00:27:26.620 Hill
00:27:26.880 I
00:27:27.540 Got
00:27:27.720 To
00:27:27.820 Keep
00:27:31.220 On
00:27:31.580 To
00:27:31.800 Walk
00:27:32.100 Through
00:27:32.280 That
00:27:32.460 Last
00:27:32.740 Thing
00:27:32.900 You
00:27:33.040 Just
00:27:33.320 Did
00:27:33.520 Because
00:27:33.840 Nobody
00:27:34.240 Wants
00:27:34.540 To
00:27:34.660 Talk
00:27:34.860 About
00:27:35.060 This
00:27:35.300 And
00:27:35.960 That
00:27:36.200 Is
00:27:36.480 The
00:27:37.020 Cost
00:27:37.620 Now
00:27:38.360 To
00:27:38.920 Keep
00:27:39.240 This
00:27:39.500 System
00:27:39.840 Going
00:27:40.260 Because
00:27:41.160 This
00:27:41.560 Is
00:27:41.740 Going
00:27:41.880 To
00:27:42.000 Slam
00:27:42.500 The
00:27:42.680 American
00:27:43.000 People
00:27:43.400 Like
00:27:43.740 Nothing
00:27:44.360 Else
00:27:44.760 We're
00:27:45.440 Going
00:27:45.500 To
00:27:45.520 Take
00:27:45.620 A
00:27:45.720 Short
00:27:45.900 Commercial
00:27:46.240 Break
00:27:46.500 I
00:27:46.680 Got
00:27:46.840 Dave
00:27:47.120 Bratt
00:27:47.440 I
00:27:47.700 Got
00:27:47.860 Philip
00:27:48.120 Patrick
00:27:48.560 I
00:27:48.820 Got
00:27:48.980 Peter
00:27:49.260 Navarro
00:27:49.820 John
00:27:50.400 Fredericks
00:27:50.800 Is
00:27:50.900 Going
00:27:50.980 To
00:27:51.000 Be
00:27:51.120 Live
00:27:51.380 Tonight
00:27:51.740 At
00:27:52.220 Boldx
00:27:52.580 Headquarters
00:27:53.040 In
00:27:53.220 New
00:27:53.320 Hampshire
00:27:53.580 We
00:27:53.760 Got
00:27:54.580 A lot
00:27:54.880 Going
00:27:55.100 On
00:27:55.420 We're
00:27:56.020 Talking
00:27:56.320 To
00:27:56.420 You
00:27:56.500 Like
00:27:56.740 Adults
00:27:57.280 We're
00:27:57.420 Having
00:27:57.540 A
00:27:57.700 Partners
00:27:58.100 Conversation
00:27:59.100 On
00:27:59.780 The
00:27:59.960 Jam
00:28:00.380 The
00:28:00.580 Pincer
00:28:00.940 Move
00:28:01.300 Against
00:28:01.800 The
00:28:02.020 American
00:28:02.340 Middle
00:28:02.600 Class
00:28:03.000 Your
00:28:03.620 Income
00:28:03.960 Statement
00:28:04.400 And
00:28:04.620 Your
00:28:04.760 Balance
00:28:13.740 Homeowners
00:28:24.980 Beware
00:28:25.440 You
00:28:26.080 Could
00:28:26.240 Already
00:28:26.640 Be
00:28:26.940 The
00:28:27.160 Victim
00:28:27.600 Of
00:28:28.000 Home
00:28:28.240 Title
00:28:28.560 Theft
00:28:29.080 And
00:28:29.860 Not
00:28:30.180 Have
00:28:30.720 A
00:28:31.000 Clue
00:28:31.360 Some
00:28:32.100 Cyber
00:28:32.480 Thief
00:28:32.820 May
00:28:33.320 Have
00:28:33.480 Already
00:28:33.740 Forged
00:28:34.240 His
00:28:34.580 Name
00:28:34.880 Onto
00:28:35.240 The
00:28:35.400 Title
00:28:35.760 To
00:28:36.180 Your
00:28:36.360 Home
00:28:36.560 Think
00:28:36.820 About
00:28:37.040 That
00:28:37.220 For
00:28:37.400 A
00:28:37.520 Second
00:28:37.740 May
00:28:38.340 Already
00:28:38.680 Forged
00:28:39.200 His
00:28:39.440 Name
00:28:39.720 Onto
00:28:39.960 The
00:28:40.140 Title
00:28:40.420 Of
00:28:40.640 Your
00:28:40.760 Home
00:28:40.980 And
00:28:41.400 You
00:28:41.500 Not
00:28:41.700 Know
00:28:41.900 It
00:28:42.080 Well
00:28:42.880 Here's
00:28:43.080 How
00:28:43.180 You
00:28:43.320 Find
00:28:43.580 Out
00:28:43.820 My
00:28:44.520 Partners
00:28:44.980 At
00:28:45.240 Home
00:28:45.400 Title
00:28:45.680 Lock
00:28:45.860 Have
00:28:46.000 A
00:28:46.120 Special
00:28:46.560 Free
00:28:47.120 Offer
00:28:47.540 To
00:28:48.160 My
00:28:48.380 Listeners
00:28:48.900 Now
00:28:49.720 Go
00:28:49.900 To
00:28:50.060 Home
00:28:50.260 Title
00:28:50.540 Lock
00:28:50.820 Dot
00:28:51.060 Com
00:28:51.400 Then
00:28:52.000 Simply
00:28:52.420 Enter
00:28:52.780 Your
00:28:53.000 Address
00:28:53.420 For
00:28:53.840 Your
00:28:54.000 Free
00:28:54.380 No
00:28:54.900 Obligation
00:28:55.680 Home
00:28:56.280 Title
00:28:56.620 Scan
00:28:57.020 This
00:28:57.800 Is
00:28:57.960 How
00:28:58.100 You
00:28:58.260 Discover
00:28:58.720 If
00:28:59.000 A
00:28:59.180 Cyber
00:28:59.480 Thief
00:28:59.900 Is
00:29:00.140 Already
00:29:00.520 Camping
00:29:01.100 On
00:29:01.340 Your
00:29:01.560 Home's
00:29:02.120 Title
00:29:02.440 Look
00:29:03.760 The
00:29:04.500 Title
00:29:04.780 To
00:29:04.960 Your
00:29:05.080 Home
00:29:05.340 Is
00:29:05.460 The
00:29:05.620 Only
00:29:05.880 Document
00:29:06.380 That
00:29:06.640 Proves
00:29:07.080 You
00:29:07.440 Own
00:29:07.780 It
00:29:07.960 And
00:29:08.700 Once
00:29:09.000 He
00:29:09.180 Forges
00:29:09.600 Your
00:29:09.860 Title
00:29:10.220 He
00:29:11.000 Can
00:29:11.140 Take
00:29:11.380 Out
00:29:11.580 Loans
00:29:11.880 In
00:29:12.000 Your
00:29:12.120 Home
00:29:12.360 To
00:29:12.600 Forge
00:29:12.920 Your
00:29:13.060 Name
00:29:13.400 Stating
00:29:13.980 That
00:29:14.140 He
00:29:14.240 Is
00:29:14.340 The
00:29:14.460 New
00:29:14.600 Owner
00:29:14.840 First
00:29:16.260 Things
00:29:16.520 First
00:29:16.880 Let's
00:29:17.880 Make
00:29:18.040 Sure
00:29:18.280 Your
00:29:18.560 Home's
00:29:18.940 Title
00:29:19.200 Is
00:29:19.420 Securely
00:29:19.920 In
00:29:20.180 Your
00:29:20.360 Name
00:29:20.640 You
00:29:21.460 Can
00:29:21.600 Do
00:29:21.780 That
00:29:22.000 Now
00:29:22.260 By
00:29:22.460 Going
00:29:22.680 To
00:29:22.860 Home
00:29:23.080 Title
00:29:23.360 Lock
00:29:23.660 Dot
00:29:23.920 Com
00:29:24.200 And
00:29:24.640 Use
00:29:24.860 My
00:29:25.080 Promo
00:29:25.400 Code
00:29:25.740 Radio
00:29:26.300 R
00:29:26.700 A
00:29:27.040 D
00:29:27.380 I
00:29:27.660 O
00:29:27.880 Radio
00:29:28.260 Then
00:29:29.380 Enter
00:29:29.660 Your
00:29:29.860 Address
00:29:30.220 For
00:29:30.400 Free
00:29:30.700 No
00:29:31.060 Obligation
00:29:31.720 Home
00:29:32.080 Title
00:29:32.340 Scan
00:29:32.660 That's
00:29:33.660 A
00:29:33.780 $100
00:29:34.160 Value
00:29:34.900 Totally
00:29:35.540 Free
00:29:35.900 Again
00:29:37.040 That's
00:29:37.720 Home
00:29:38.060 Title
00:29:38.580 Lock
00:29:38.940 Dot
00:29:39.280 Com
00:29:39.640 Code
00:29:40.300 Radio
00:29:40.760 Home
00:29:41.760 Title
00:29:42.340 Lock
00:29:42.680 Dot
00:29:43.080 Com
00:29:43.440 Code
00:29:44.580 Radio
00:29:45.220 Do
00:29:45.660 This
00:29:45.920 Today
00:29:46.280 Take
00:29:46.680 Action
00:29:47.080 Walked
00:29:48.320 Out
00:29:48.700 This
00:29:49.140 Morning
00:29:49.580 And
00:29:50.940 Wrote
00:29:51.480 Down
00:29:52.080 This
00:29:52.340 Song
00:29:53.200 I
00:29:55.500 Just
00:29:55.780 Can't
00:29:56.300 Remember
00:29:57.220 Who
00:29:57.820 To
00:29:58.100 Send
00:29:58.440 It
00:29:58.900 To
00:29:59.280 I
00:30:02.960 Seen
00:30:03.720 Fire
00:30:04.380 And
00:30:04.620 I've
00:30:04.940 Seen
00:30:05.720 Rain
00:30:06.120 I've
00:30:08.740 Seen
00:30:09.500 Sunny
00:30:10.060 Days
00:30:10.700 That
00:30:10.900 Thought
00:30:11.220 They
00:30:11.660 Never
00:30:12.340 End
00:30:13.060 I've
00:30:15.820 Seen
00:30:16.380 Lonely
00:30:17.200 Times
00:30:17.760 And
00:30:18.040 I
00:30:18.240 Could
00:30:18.480 Not
00:30:18.840 Find
00:30:19.800 A
00:30:20.020 Friend
00:30:20.400 But
00:30:23.640 I
00:30:23.880 Always
00:30:24.540 Thought
00:30:25.140 I'd
00:30:25.500 See
00:30:25.780 You
00:30:26.740 Again
00:30:27.360 Overall
00:30:31.700 Prices
00:30:32.680 Have
00:30:32.920 Been
00:30:33.040 Essentially
00:30:33.500 Flat
00:30:34.060 In
00:30:34.540 Our
00:30:34.680 Country
00:30:35.040 These
00:30:35.340 Last
00:30:36.020 Two
00:30:36.280 Months
00:30:36.740 You
00:30:38.240 You
00:30:38.280 Know
00:30:38.380 They're
00:30:38.620 Gaslighting
00:30:39.160 You
00:30:39.400 When
00:30:39.640 He's
00:30:39.880 From
00:30:40.060 They
00:30:40.340 Said
00:30:40.520 Their
00:30:40.720 It's
00:30:41.840 They
00:30:42.100 Can't
00:30:42.620 Be
00:30:42.720 That
00:30:42.900 Stupid
00:30:43.280 It's
00:30:44.000 Got
00:30:44.120 To
00:30:44.160 To
00:30:44.180 Gaslighting
00:30:44.800 You
00:30:44.980 And
00:30:45.840 I
00:30:45.940 Don't
00:30:46.040 Even
00:30:46.180 Know
00:30:46.320 Why
00:30:46.480 They
00:30:46.580 Got
00:30:46.720 James
00:30:47.000 Taylor
00:30:47.280 On
00:30:47.500 The
00:30:47.620 Lawn
00:30:47.940 Singing
00:30:48.220 A
00:30:48.360 Song
00:30:48.520 About
00:30:48.700 Suicide
00:30:49.160 On
00:30:49.300 A
00:30:49.400 Day
00:30:49.540 When
00:30:49.700 People
00:30:49.920 Are
00:30:50.060 Thinking
00:30:50.300 Financially
00:30:51.100 They're
00:30:51.600 Thinking
00:30:51.820 About
00:30:52.040 It
00:30:52.180 Right
00:30:52.400 What
00:30:53.180 Are
00:30:53.280 They
00:30:53.380 Doing
00:30:53.640 Philip
00:30:54.100 Patrick
00:30:54.480 Real
00:30:54.760 Quickly
00:30:55.080 Give
00:30:55.380 Me
00:30:55.560 Just
00:30:55.860 Walk
00:30:56.080 Me
00:30:56.200 Through
00:30:56.800 The
00:30:57.540 Hidden
00:30:57.820 Time
00:30:59.000 Bomb
00:30:59.460 And
00:31:00.080 It's
00:31:00.960 Not
00:31:01.080 A
00:31:01.200 Claim
00:31:01.400 Or
00:31:01.560 Mine
00:31:01.920 This
00:31:02.420 Is
00:31:02.580 A
00:31:02.760 Hidden
00:31:03.040 Thermonuclear
00:31:03.960 Weapon
00:31:04.460 That's
00:31:13.280 Biggest
00:31:13.780 Issue
00:31:14.200 Right
00:31:14.600 Like
00:31:14.880 I
00:31:14.980 Said
00:31:15.140 What
00:31:15.360 We
00:31:15.520 Have
00:31:15.780 Right
00:31:16.000 Now
00:31:16.240 Is
00:31:16.380 A
00:31:16.500 Catch
00:31:16.800 22
00:31:17.260 The
00:31:18.680 Fed
00:31:18.980 Are
00:31:19.100 Having
00:31:19.300 To
00:31:19.500 Raise
00:31:19.860 Interest
00:31:20.320 Rates
00:31:20.620 Which
00:31:20.820 Makes
00:31:21.100 Borrowing
00:31:21.580 More
00:31:21.820 Expensive
00:31:22.460 For
00:31:22.700 Everyone
00:31:23.100 But
00:31:23.700 At
00:31:23.820 The
00:31:23.940 Same
00:31:24.240 Time
00:31:24.540 We've
00:31:24.800 Got
00:31:24.940 A
00:31:25.100 Federal
00:31:25.820 Government
00:31:26.320 The
00:31:26.580 Biden
00:31:26.860 Administration
00:31:27.540 Printing
00:31:28.360 Massive
00:31:28.900 Amounts
00:31:29.320 Of
00:31:29.440 Money
00:31:29.680 Huge
00:31:30.320 Amounts
00:31:30.740 Of
00:31:30.860 Deficit
00:31:31.340 Spending
00:31:31.760 So
00:31:32.280 We're
00:31:32.460 Starting
00:31:32.900 To
00:31:33.160 See
00:31:33.360 Major
00:31:33.860 Warning
00:31:34.220 Signs
00:31:34.640 So
00:31:34.780 Treasury
00:31:35.240 Yields
00:31:35.760 On
00:31:35.940 A
00:31:36.140 Weekly
00:31:43.280 Period
00:31:43.700 So
00:31:44.000 Far
00:31:44.380 Have
00:31:44.800 Seen
00:31:45.020 Rising
00:31:45.400 Interest
00:31:45.880 Rates
00:31:46.160 It's
00:31:46.660 Never
00:31:47.220 Happened
00:31:47.740 Before
00:31:48.020 In
00:31:48.200 U.S.
00:31:48.500 History
00:31:48.800 So
00:31:49.380 Like I
00:31:50.180 Said
00:31:50.360 Evidence
00:31:50.860 Of
00:31:51.020 Two
00:31:51.240 Things
00:31:51.560 Deficit
00:31:52.120 Spending
00:31:52.400 Is
00:31:52.580 Becoming
00:31:52.880 More
00:31:53.100 Expensive
00:31:53.620 And
00:31:54.140 Globally
00:31:54.800 People
00:31:55.140 Are
00:31:55.320 Less
00:31:55.860 Willing
00:31:56.240 To
00:31:56.420 Lend
00:31:56.840 Money
00:31:57.200 To
00:31:57.380 The
00:31:57.540 U.S.
00:31:57.960 For
00:31:58.420 Absurd
00:31:58.980 Spending
00:31:59.460 Programs
00:32:00.080 The
00:32:00.640 Nonpartisan
00:32:01.620 Government
00:32:02.080 Accountability
00:32:02.820 Office
00:32:03.140 Is
00:32:03.600 Already
00:32:03.840 Warning
00:32:04.200 That
00:32:04.440 Federal
00:32:04.980 Debt
00:32:05.640 Is
00:32:06.040 On
00:32:06.220 Track
00:32:06.560 To
00:32:06.760 Grow
00:32:07.020 Faster
00:32:07.680 Than
00:32:07.920 The
00:32:08.080 Economy
00:32:08.520 Federal
00:32:09.340 Debt
00:32:09.640 Is
00:32:09.820 Growing
00:32:10.080 Faster
00:32:10.920 Than
00:32:11.160 The
00:32:11.320 Economy
00:32:11.700 It's
00:32:12.080 Mind
00:32:12.680 Blowing
00:32:13.260 Basically
00:32:14.400 Since
00:32:14.760 The
00:32:14.900 Government
00:32:15.120 Makes
00:32:15.400 Money
00:32:15.600 From
00:32:15.780 Taxes
00:32:16.320 This
00:32:16.740 Means
00:32:16.980 Our
00:32:17.160 Economy
00:32:17.480 Can't
00:32:17.860 Grow
00:32:18.020 Fast
00:32:18.380 Enough
00:32:18.660 To
00:32:19.060 Pay
00:32:19.360 For
00:32:19.580 Everything
00:32:19.860 That
00:32:20.100 We
00:32:20.220 Spend
00:32:20.580 This
00:32:21.160 Is
00:32:21.360 Where
00:32:21.640 We
00:32:21.880 See
00:32:22.140 Default
00:32:22.900 Default
00:32:23.720 Leads
00:32:24.180 To
00:32:24.600 The
00:32:25.200 End
00:32:26.100 Of
00:32:26.300 The
00:32:26.440 U.S.
00:32:26.840 As
00:32:26.980 A
00:32:27.080 Global
00:32:27.360 Economic
00:32:27.840 Power
00:32:28.240 And
00:32:28.640 Certainly
00:32:29.120 The
00:32:29.340 End
00:32:29.520 Of
00:32:29.640 The
00:32:29.740 U.S.
00:32:30.060 Dollar
00:32:30.280 As
00:32:30.560 Global
00:32:30.880 Reserve
00:32:31.260 Currency
00:32:31.780 We've
00:32:32.360 Said
00:32:32.600 Before
00:32:32.980 These
00:32:33.340 Moves
00:32:33.660 Are
00:32:33.800 Glacial
00:32:34.280 It's
00:32:34.820 Not
00:32:34.960 Going
00:32:35.080 To
00:32:35.160 Happen
00:32:35.460 By
00:32:35.640 The
00:32:35.800 End
00:32:35.940 Of
00:32:36.060 The
00:32:36.180 Year
00:32:36.420 But
00:32:36.840 It
00:32:36.960 Is
00:32:37.140 Happening
00:32:37.660 Around
00:32:38.160 Us
00:32:38.480 Today
00:32:38.920 The
00:32:39.260 Financial
00:32:40.460 Times
00:32:40.880 Got
00:32:41.100 An
00:32:41.220 Article
00:32:41.500 About
00:32:41.740 People
00:32:41.980 Doing
00:32:42.200 It
00:32:42.320 Right
00:32:42.500 Now
00:32:42.660 So
00:32:42.820 It's
00:32:43.160 Supposed
00:32:43.460 To
00:32:43.540 Be
00:32:43.640 Glacial
00:32:44.080 But
00:32:44.820 With
00:32:45.020 These
00:32:45.220 Action
00:32:45.520 We
00:32:45.680 Said
00:32:45.860 We're
00:32:46.040 One
00:32:46.180 Or
00:32:46.280 Two
00:32:46.420 Moves
00:32:46.660 Away
00:32:46.880 From
00:32:47.060 A
00:32:47.180 Great
00:32:47.360 Depression
00:32:47.800 Birchgold.com
00:32:49.280 You can
00:32:51.220 Get
00:32:51.340 The
00:32:51.460 New
00:32:51.580 Report
00:32:51.880 But
00:32:52.080 How
00:32:52.240 Do
00:32:52.360 They
00:32:52.440 Get
00:32:52.600 To
00:32:52.740 You
00:32:52.900 How
00:32:53.100 They
00:32:53.240 Get
00:32:53.380 To
00:32:53.480 You
00:32:53.580 And
00:32:53.680 Your
00:32:53.780 Advisors
00:32:54.200 Because
00:32:54.400 Now
00:32:54.680 I
00:32:54.860 Think
00:32:54.980 More
00:32:55.140 Than
00:32:55.240 Ever
00:32:55.380 People
00:32:55.660 Got
00:32:55.820 To
00:32:55.920 Talk
00:32:56.080 To
00:32:56.220 People
00:32:56.460 That
00:32:56.640 Have
00:32:56.860 Some
00:32:57.340 Sort
00:32:57.560 Of
00:32:57.720 Sense
00:32:58.300 About
00:32:58.560 Them
00:32:58.800 Absolutely
00:33:00.360 Information
00:33:01.000 Is
00:33:01.420 Key
00:33:01.680 So
00:33:01.940 Same
00:33:02.300 Place
00:33:02.680 Birchgold.com
00:33:03.960 Slash
00:33:04.340 Bannon
00:33:04.660 Not
00:33:05.020 Only
00:33:05.280 Will
00:33:05.460 They
00:33:05.600 Get
00:33:05.800 Access
00:33:06.120 To
00:33:06.360 That
00:33:06.520 Fantastic
00:33:07.100 Report
00:33:07.700 They're
00:33:08.280 Going
00:33:08.340 To
00:33:08.400 Get
00:33:08.560 Our
00:33:08.700 Information
00:33:09.160 Kit
00:33:09.500 They'll
00:33:09.760 Have
00:33:09.920 Access
00:33:10.220 To
00:33:10.480 Our
00:33:10.620 Advisors
00:33:11.260 So
00:33:12.280 We
00:33:12.700 Got
00:33:13.780 A
00:33:13.920 Lot
00:33:14.060 Of
00:33:14.200 Well
00:33:15.760 Rounded
00:33:16.820 Individuals
00:33:17.500 Very
00:33:17.860 Knowledgeable
00:33:18.400 That
00:33:18.580 Are
00:33:18.680 There
00:33:18.860 To
00:33:19.040 Guide
00:33:19.360 People
00:33:19.740 Through
00:33:20.020 So
00:33:20.240 Birchgold.com
00:33:21.820 Slash
00:33:22.180 Bannon
00:33:22.460 And
00:33:23.380 You're
00:33:23.580 Up
00:33:23.740 On
00:33:23.900 Getter
00:33:24.140 What's
00:33:24.360 Your
00:33:24.440 Getter
00:33:24.700 Handle
00:33:25.040 At
00:33:26.140 Philip
00:33:26.580 Patrick
00:33:27.280 On
00:33:27.660 Getter
00:33:28.180 At
00:33:28.660 Philip
00:33:29.100 Patrick
00:33:29.880 Okay
00:33:31.020 Dave
00:33:31.500 Bratz
00:33:31.700 Got
00:33:31.840 Another
00:33:32.020 Bombshell
00:33:32.440 But
00:33:32.580 I
00:33:32.660 Want
00:33:33.260 To
00:33:33.340 Bring
00:33:33.520 In
00:33:33.740 Navar
00:33:34.200 Navar
00:33:34.640 You
00:33:34.880 Philip
00:33:35.200 By
00:33:35.560 The
00:33:35.620 Way
00:33:35.760 Philip
00:33:36.040 Patrick
00:33:36.300 Thank
00:33:36.580 You
00:33:36.680 So
00:33:36.800 Much
00:33:36.960 Honored
00:33:37.240 To
00:33:37.340 Have
00:33:37.460 You
00:33:37.560 On
00:33:37.680 Here
00:33:37.820 Navar
00:33:39.280 You
00:33:39.500 Called
00:33:39.760 This
00:33:39.920 Back
00:33:40.180 In
00:33:40.300 November
00:33:40.620 You
00:33:41.080 Also
00:33:41.520 You
00:33:41.960 And
00:33:42.080 Cortez
00:33:42.440 Are
00:33:42.540 The
00:33:42.620 Two
00:33:42.740 Guys
00:33:42.940 Said
00:33:43.100 Hey
00:33:43.320 Guys
00:33:43.860 We're
00:33:44.500 Going
00:33:44.720 Into
00:33:44.940 A
00:33:45.080 Situation
00:33:45.540 Because
00:33:45.760 What
00:33:45.920 They're
00:33:46.060 Doing
00:33:46.300 That
00:33:46.460 Both
00:33:46.660 Equities
00:33:47.220 And
00:33:47.520 Bonds
00:33:47.920 Are
00:33:48.120 Going
00:33:48.260 To
00:33:48.320 Get
00:33:48.460 Crushed
00:33:48.860 You're
00:33:48.980 Not
00:33:49.080 Going
00:33:49.180 To
00:33:49.200 Hide
00:33:49.740 In
00:33:49.840 A
00:33:49.940 Government
00:33:50.140 Bond
00:33:50.460 You're
00:33:50.600 Not
00:33:50.700 Going
00:33:50.800 To
00:33:50.820 To
00:33:50.840 Hide
00:33:51.160 Some
00:33:51.400 Corporate
00:33:51.780 Bond
00:33:52.140 There's
00:33:52.640 No
00:33:52.820 Place
00:33:53.160 To
00:33:53.380 Hide
00:33:53.800 Peter
00:33:54.600 Navar
00:33:54.940 Tell
00:33:55.180 Me
00:34:09.760 Average
00:34:10.240 In
00:34:11.000 The
00:34:11.200 Time
00:34:11.880 In
00:34:12.020 November
00:34:12.500 1
00:34:13.120 When
00:34:13.800 I
00:34:13.940 Called
00:34:14.340 A
00:34:14.560 Short
00:34:14.880 On
00:34:15.140 The
00:34:15.280 Market
00:34:15.640 The
00:34:16.460 Dow
00:34:16.720 Was
00:34:17.000 36,000
00:34:18.320 And
00:34:19.040 It's
00:34:19.800 Trended
00:34:20.340 Down
00:34:20.740 Since
00:34:21.420 Then
00:34:21.820 I've
00:34:22.860 Told
00:34:23.080 You
00:34:23.240 On
00:34:23.400 This
00:34:23.600 Show
00:34:23.900 It's
00:34:24.140 Going
00:34:24.320 To
00:34:24.420 Hit
00:34:24.580 25,000
00:34:25.680 Before
00:34:25.980 It
00:34:26.200 Hits
00:34:26.360 40,000
00:34:27.220 And
00:34:28.180 At
00:34:28.600 The
00:34:28.760 Same
00:34:29.040 Time
00:34:29.580 As
00:34:30.260 You
00:34:30.400 Pointed
00:34:30.840 Out
00:34:31.060 Steve
00:34:31.500 There's
00:34:32.960 Nowhere
00:34:33.300 To
00:34:33.480 Hide
00:34:34.180 You
00:34:34.380 Can't
00:34:34.700 Go
00:34:34.900 To
00:34:35.100 Bonds
00:34:35.760 Because
00:34:36.740 Bond
00:34:37.400 Prices
00:34:37.800 Are
00:34:38.320 Plung
00:34:38.860 Because
00:34:39.680 Interest
00:34:40.420 Rates
00:34:40.680 Are
00:34:40.820 Going
00:34:41.060 Up
00:34:41.280 Remember
00:34:41.640 War
00:34:42.300 Room
00:34:42.600 The
00:34:43.260 Bond
00:34:43.680 Prices
00:34:44.100 And
00:34:44.440 Yields
00:34:45.000 Are
00:34:45.440 Going
00:34:46.560 Opposite
00:34:47.200 Directions
00:34:47.760 Right
00:34:48.120 So
00:34:48.740 When
00:34:48.980 Interest
00:34:49.420 Rates
00:34:49.680 Rise
00:34:50.020 Bond
00:34:50.360 Prices
00:34:50.780 Fall
00:34:51.260 Look
00:34:52.000 The
00:34:53.120 Problems
00:34:54.300 We're
00:34:54.480 Seeing
00:34:54.960 Are
00:34:55.440 The
00:34:55.780 Stag
00:34:56.140 Plation
00:34:56.600 Scenario
00:34:57.260 One
00:34:58.480 Of
00:34:58.620 The
00:34:58.760 Things
00:34:58.960 Even
00:34:59.260 As
00:35:00.320 CPI
00:35:01.600 Disappointed
00:35:02.420 Today
00:35:02.900 We've
00:35:03.740 Had
00:35:04.060 Wage
00:35:04.740 Wages
00:35:06.180 Go
00:35:06.560 Up
00:35:06.780 Steve
00:35:07.060 Check
00:35:07.340 This
00:35:07.560 Out
00:35:07.860 Wages
00:35:08.440 Have
00:35:08.640 Gone
00:35:08.820 Up
00:35:09.040 Over
00:35:09.180 Last
00:35:09.540 Three
00:35:09.800 Months
00:35:10.220 By
00:35:10.600 About
00:35:10.840 7%
00:35:11.720 We
00:35:12.120 Like
00:35:12.660 That
00:35:13.040 But
00:35:14.980 When
00:35:15.540 You
00:35:15.660 Get
00:35:15.860 Inflation
00:35:16.500 From
00:35:16.820 Wages
00:35:17.260 It's
00:35:17.700 Basically
00:35:18.220 Wages
00:35:19.620 Minus
00:35:20.680 Productivity
00:35:21.520 If
00:35:21.720 If
00:35:21.760 You're
00:35:21.860 Very
00:35:22.080 Productive
00:35:23.160 You
00:35:23.280 Don't
00:35:23.440 Get
00:35:23.620 Inflation
00:35:24.280 Well
00:35:24.500 Productivity
00:35:25.140 Has
00:35:25.320 Actually
00:35:25.580 Been
00:35:25.780 Negative
00:35:26.280 So
00:35:27.280 The
00:35:27.460 Whole
00:35:27.760 Strategy
00:35:28.440 Here
00:35:28.860 Which
00:35:29.440 Should
00:35:29.600 Frighten
00:35:30.000 The
00:35:30.140 Hell
00:35:30.360 Out
00:35:30.600 Of
00:35:30.720 Us
00:35:30.960 In
00:35:31.140 MAGA
00:35:31.520 World
00:35:31.900 Of
00:35:33.440 The
00:35:33.580 Federal
00:35:33.940 Reserve
00:35:34.440 Is
00:36:04.680 the market. So this is carnage. And it's going to be a spin game of the Biden regime all the
00:36:10.980 way to November to try to convince you that somehow what you're feeling is wrong and somehow
00:36:16.640 the date is better. That's where we stand. Steve, we got to focus on November every day
00:36:22.720 till that election to make sure we get rid of these people, starting with Pelosi in the House
00:36:28.640 and then getting in January the impeachment of Joe Biden started for any number of reasons.
00:36:35.680 Real quick before I get back in here, you know, the end of September, they're supposed to have the
00:36:40.280 appropriation bill done, not even close to being done. They're going to have these continued
00:36:43.820 resolutions because they want to kick the can down the road to do it incrementally. Yeah. To have
00:36:48.200 basically discretionary spending of another trillion, three and a half dollars that we're
00:36:52.040 just going to have to print money. Last night, I think we went over $31 trillion face amount
00:36:57.040 of the national debt. We're at $31 trillion now. Nine and a half trillion, nine and a half trillion
00:37:02.860 over at the Fed, which they haven't done any quantitative tightening on. Peter, just do
00:37:08.540 you see, look, Cortez did the same thing as you just pointed. The positive actions get
00:37:13.460 focused on November 8th, which we have to, to throw these bums out. But the problem that
00:37:18.860 Biden has done in the last 18 months, this regime has jammed the American economy in such
00:37:23.960 a corner that not only there are no easy choices, every choice is almost a catastrophic choice.
00:37:29.300 Every choice is going to eviscerate working class people. And this is why I say for young
00:37:34.860 Democrats and millennials, all these guys, you mentioned Trump's name, you spill on the
00:37:37.920 floor. If you vote for them, you're just going to lead to your financial and economic destruction.
00:37:43.380 We have a generational problem here, an entire generation. Your opportunities are, we're right
00:37:49.100 on the cusp of wiping it all out. Okay. I mean, wiping it all out. Go ahead, Peter.
00:37:54.640 The stagflation problem is pretty simple here. We've given away strategic energy dominance
00:38:00.740 and therefore spiked food and energy prices. We're spending way too much with these bills
00:38:06.740 that take us nowhere, that are actually going to reduce productivity and increase our dependence
00:38:14.320 on foreign supply chains. And my next call here, Steve, is we're going to break 30,000
00:38:20.240 on the Dow shortly. We're going to fall below that. Then it's Katie, bar the door. There is another
00:38:26.200 leg down. Okay. We haven't had the big capitulation in the market. That is coming. I had Russ vote on
00:38:34.080 when I guest hosted for you last week, Steve, and he went through the strategy that the Republicans
00:38:41.420 need to adopt on Capitol Hill in order to strangle these people to prevent them from spending that
00:38:48.580 80 billion on IRS or 8 billion on IRS, which would double their size. They're spending, I don't know
00:38:55.340 if you decide this, they're spending $4 billion on the EPA for enforcement to stop like farmers and
00:39:02.200 ranchers out West from putting ponds on their land. This is crazy stuff. So Russ vote, there's a strategy
00:39:09.240 here. He lays it out. Well, yeah. We're okay. Quickly. How do they get to the book? I know you
00:39:13.320 get a punch. How do they get to the book and how do you get to your getter account?
00:39:16.920 Taking Back Trump's America is launching next Tuesday. I'm going to be doing the war room the
00:39:22.760 night before on the roof of 101 constitution. Go to peternavaro.com and get the book. Go to Amazon
00:39:30.360 and get the book. This book is a mission, Steve. This is not only getting back the Trump White House,
00:39:36.660 it's the blueprint battle cry for getting the house back from Pelosi. And by the way, Stephen
00:39:42.400 K. Bannon says it's a brass knuckle account. I couldn't agree with you more, Steve. Taking
00:39:47.800 Back Trump's America. Let's do it together. We're going to have a big event on Monday. We're
00:39:52.180 going to be part of it. Peter's going to be part of it. It's going to be a huge launch. Peter,
00:39:55.360 thank you very much, brother. We've got to bounce. Great call. And Peter Navarro.
00:39:59.080 Put on your seatbelt here. It's going to get rough. 25,000 before 40,000. That's nice.
00:40:04.160 Dave Bratt. Peter, thank you for taking time and coming over to your studio to do it. Dave
00:40:09.340 Bratt, you've got another bombshell for me. Hit me. Yeah. I just think in addition to the
00:40:16.220 sovereigns, the sovereign debt crisis, China, Europe, the United States, in addition, I think
00:40:21.480 this day is historic. I think we've all been waiting. Everyone I used to talk to when I'd go
00:40:27.320 give all my economic talks when I was in Congress, how in the world can you have 20 trillion debt?
00:40:31.760 How can you have this? The day has come. I think this week, what everybody's waiting for
00:40:37.440 is what's the new Bear Stearns? What's the new Lehman, right? What is that shoe that's going
00:40:42.480 to drop? And I talked to some real estate folks out today that everybody that's locked into the
00:40:48.520 0% regime for the past decade, they are so upside down. They're cutting. All deals are done.
00:40:56.120 So I think within a week or two, the market is going to reveal itself. All those hedge funds
00:41:02.300 not only got to make money, they got to sell the deal at the end of the thing, right? So they made
00:41:07.120 all the deals anticipating what the Fed has done for the past decade, 0% interest rate. Well, now
00:41:13.140 interest rates, the home mortgage is up at 6%. And just say it's 3%. So a deal you're going to make,
00:41:18.880 you're going to make 5% profit. Now you're making 2% profit. You're done.
00:41:22.740 For the audience out there to understand these hedge funds, the reason they make so much money
00:41:28.200 is they're highly leveraged. Okay? Write this term down, margin call. You're about to have huge
00:41:34.580 margin calls. These stocks keep going. They got to pony up more cash. They're going to start puking
00:41:38.700 out more stocks. This is called the vicious cycle when it starts going down. In addition,
00:41:43.400 in addition, you just said it right there. Nobody can see a path. They got James Taylor on the lawn
00:41:49.160 playing fire and rain about suicide on his ridiculous Orwellian named, you know, inflation
00:41:56.960 control, which is just another spending bill to pay off the swamp. This is what it was. It was the
00:42:01.840 pay off the lobbyists of the Democrats. I know they're going to be turfed out here in November.
00:42:05.580 So Manchin being a crook from West Virginia had to get his guys paid. Hey, he got his guys paid.
00:42:11.400 This is what they're talking about. And they're up there on the thing playing fire and rain
00:42:15.040 about suicide on a day when everybody's sitting there and there's no, uh, you know, people,
00:42:20.760 all this is going to get better. It's going to get better. All they're going to come for Dave
00:42:24.240 is more spending. Okay. More spending. That's the way they're going to bail themselves fiscal. And
00:42:29.760 the, and the fed's going to keep printing money at the same time. They are going to have to jack
00:42:34.560 interest rates because somehow they got to choke this down. Uh, Dave, I just want to say Russ
00:42:39.480 vote go Peter Navarro just highlighted Russ vote. He just gave the, have Russ back on.
00:42:45.840 He liked that guy is the most honest, decent American with, with the biggest mind. He highlighted
00:42:53.180 exactly what we have to do. So get him back on again. But here's how we have to do. Here's how
00:42:58.560 we have to do it. The laid out. We got to win first to get vote in power. Yes. That's we got to take
00:43:03.940 the house. We have to take the house. Dave, Brad, uh, real quickly, give, how do people get
00:43:09.280 you on get her brother? Yeah. Just Brad economics, B R A T economics. I'm on the third floor of,
00:43:15.220 uh, Liberty university school of business for parents. I got a lot of people from the war room
00:43:19.240 coming to visiting. So I love it. Uh, and they all like me. So that's a nice day. Come on over to
00:43:24.580 Liberty university and bring your young scholars with love you guys. They all like me. They all like me.
00:43:31.240 That's normally not where we put guys. That's normally not where we put guys in the war room,
00:43:35.260 dude. Okay. Dave, Brad, thank you. Short break. You're going to go to New Hampshire next John
00:43:39.740 Fredericks. Americans are discovering that if we want to change this nation, we have to change the
00:43:51.520 way the marketplace works. Look, what corporations are seeking to divide us? Big banks are freeing the
00:43:56.040 freezing the accounts of people who disagree with their political views and our supply chain is
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00:45:10.780 Getter has arrived. The new social media taking on big tech, protecting free speech, and canceling
00:45:18.700 cancel culture. Join the marketplace of ideas. The platform for independent thought has arrived.
00:45:25.020 Superior technology. No more selling your personal data. No more censorship. No more cancel culture.
00:45:32.120 Enough. Getter has arrived. It's time to say what you want, the way you want. Download now.
00:45:40.780 Okay, we're all over Getter 24 hours a day. The entire team, the entire staff, all our contributors
00:45:45.900 who actually launched a show exclusively on Getter. It's a 15 minutes every day for about
00:45:52.240 Georgia Maloney and what's happening with this right-wing coalition that's coming together in
00:45:58.620 Italy. So we've got that. Make sure you go to Getter. I'm putting up information all day long.
00:46:02.800 Okay, a couple of things. Historic day, but this is just the beginning. Remember, price is truth.
00:46:07.580 They can't lie to you anymore. If you watch the war, I mean, they're not going to be able to lie
00:46:11.140 and spin. You're going to understand all the issues and what are potential solutions. Here's
00:46:17.300 one of the solutions. One of the solutions, and by the way, let me know when I got John Frederick.
00:46:20.360 John Frederick is live in New Hampshire. He's going to be at Bolduc's headquarters tonight
00:46:25.040 to see about this all-important primary, the grassroots versus the establishment. So we're going to go to
00:46:30.960 John as soon as we get him hooked up. I want to make sure everybody, there's no substitute for
00:46:37.240 victory. People say, hey, how do you stop all the lawfare? How do you stop the grand juries and coming
00:46:41.760 after Trump and all this stuff? The way you do it is defeat the battle box. Overwhelming, stunning,
00:46:46.580 massive upset blowout on November 8th. The House, the Senate, school boards, everywhere.
00:46:51.900 I preach this. Go to precinctstrategy.com. We need everybody in this audience. We don't need you to
00:46:56.220 write a check. That's something you can do if you're so inclined you have money. I realize
00:47:01.440 everybody's broke. What you can do is volunteer. You have to be part of the solution, not part of
00:47:08.780 the problem. Part of the solution is getting engaged. There is no substitute for victory.
00:47:15.780 And quite frankly, we have to put aside some of the things we don't like about, you know, we don't
00:47:21.060 have perfect candidates. We have some great ones. We have some ones that may be not so great. It
00:47:24.720 doesn't matter. It's better than what's the alternative. We have to win. We have to take
00:47:29.440 the Senate. We have to take the House. We have to throw out these people in these school boards.
00:47:33.360 We have to take state legislatures. We have to do it all. Okay. So I, and I need you and I need you
00:47:38.920 to sign up. In addition, we need you to get, uh, to become more knowledgeable of what's going on.
00:47:45.220 That's one of the reasons I've done this thing with Birch Gold, birchgold.com forward slash
00:47:48.380 man, totally free. The end of the dollar empire, make sure when all this hits you like a ton of
00:47:54.860 bricks that you've at least sat there and go, okay, I understand what they're doing to me because
00:47:59.780 it's free men and free women that are going to turn this around, but we have to get the Russ votes of
00:48:05.200 the world in a place where they have power to actually act to do that. We have to win to win.
00:48:11.180 You have to have knowledge. This show is all about providing you a platform to learn more next
00:48:16.780 hour. We're going to have Richard Barris talk about generic ballots. The generic ballots look good,
00:48:20.680 but there's some substrate that we're going to talk about. You think inflation is bad? The 8.3%.
00:48:25.100 Hey, in, uh, in, in Phoenix, I think it's 13%. We're going to talk about that. Right? So I think
00:48:30.580 it's over 11%. Excuse me. It's over 11%. So we're going to talk about that different parts of the
00:48:34.500 country. We're also going to talk about at the white house. We talk about transhumanism.
00:48:38.040 One of the great fears I've always had about transhumanism. It's occurred in an executive
00:48:42.580 order. And we're going to have Joe Allen on to really go through. And this is horrific.
00:48:47.020 And they've kind of played into our hands and what we warned that they were going to do. They did.
00:48:50.540 We're going to break it all down. I want to go to New Hampshire, the one and only John
00:48:53.780 Fredericks, the Oracle, the deplorables. What are you doing in New Hampshire, brother?
00:48:58.620 Steve, I'll tell you what, it's really rocked for New Hampshire at Don Baldick victory headquarters.
00:49:04.140 This is a MAGA trifecta here in New Hampshire. Last big primary. We've got three major candidates
00:49:10.520 running, all MAGA, all American person. That is Don Baldick running for U.S. Senate. I'm
00:49:16.900 going to tell you about that in a second. We're at his headquarters. This is at the Old
00:49:20.200 Salt Inn in Hampton, New Hampshire. We're going to be here. Our live election night broadcast
00:49:26.300 starts at 7 p.m., 7 to 10. You can tune us in. Just go on the John Fredericks radio app.
00:49:31.140 You can find us there going, get her live. We're going to be there as well. Also, Don
00:49:36.200 Baldick, they spent $4,500, the final eight days trying to wrest the nomination away from
00:49:42.700 him when he had the lead, giving it to the establishment candidate Chuck Morris, leader
00:49:47.880 of the Senate in New Hampshire, got the endorsement on Thursday by Governor Sununu, who's very popular
00:49:55.320 here. He's going to win his primary well in the 80s. So this is a competitive race. They've
00:50:00.320 dumped $4.5 million on this guy, and he's still trying to hang on. President Trump's staying
00:50:05.220 out of the race. Ivan Doris Baldick, everybody knows that. We're here at his victory headquarters.
00:50:11.300 Now, this is number one of the trifecta. Let me tell you about number two. This is a very
00:50:15.460 competitive race. New Hampshire 2, this is the race where little 25-year-old Caroline Levitt,
00:50:23.320 softball player, has come from 2% with a MAGA vote to challenge the anointed one in this
00:50:31.840 race. And McCarthy's put $2 million in to back up his candidate, the established candidate
00:50:43.160 who ran in 2020 and got beat by the incumbent. So they put $2 million in to prop up one candidate
00:50:55.500 in the House, $4.5 million to prop up another established candidate for U.S. Senate. Both
00:51:01.540 of them are going to lose. Then we get to New Hampshire 1, where there's another competitive
00:51:05.740 race. MAGA candidate there completes the trifecta. And so we're in for a very exciting night. If we
00:51:15.680 can win all three, MAGA will have taken over the New Hampshire Republican Party, block,
00:51:21.240 dock, and barrel, regardless of what Governor Sanunu said. Mark Mowers, who was the hand-picked
00:51:27.100 candidate for Kevin McCarthy, nice enough young fella, worked in the Trump White House, worked
00:51:35.140 for Chris Christie, not a bad guy. But they've had to pump $2 million in on negative ads for
00:51:42.560 PAC against the 25-year-old Caroline Levitt in the final days to stop her momentum. I was
00:51:49.200 at an IMC at an event for her last night, endorsed her. Lauren Boebert was there. Brian Donald
00:51:53.960 was there. She had a massive turnout. She's surging. Raised $2 million on her own by small
00:52:00.880 donors. Incredible grassroots effort.
00:52:05.280 John, once again, we've got to bounce. How do people get to the show? Where do they go?
00:52:11.160 Really easy start at 7 o'clock. We're going to be live here. You don't want to miss one
00:52:14.720 minute of it. We've got a great panel. Just download my app. That's the best thing to
00:52:19.420 do. Go to johnfrederingsradio.com. You can download our app there. You can get us. Also,
00:52:25.340 we will be on video live on Getter Live. Getter Live is number one social media for video. You
00:52:32.180 want to go there.
00:52:33.300 I may even make a guest appearance by calling in tonight. John Freders, thank you, brother.
00:52:38.660 The show wouldn't even work without you. You've got to call in. You're the leader of the movement.
00:52:44.360 The movement is right here tonight, and you're the leader, and you've got to call in. What do you
00:52:48.540 mean, maybe? I don't call in. I promise I call in. John Freders, the oracle of deplorable.
00:52:54.520 You're the general. You've got to lead the effort, man. I'm just sitting here. Godzilla wins.
00:52:59.980 Northern Front. Northern Front. Northern Front Commander. Okay. Short break. Be back in a
00:53:06.180 minute with the second hour.
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