Episode 2176: The Economy Is About To Be A Lost Decade Of Your Life; Education Not Indoctrination: How We Win Back The School Boards; The Elites Of Europe Fear The Populist Wave
00:00:34.740But I think if there's a lesson to be learned here, it's the fact that central bankers in general and governments in particular have this unique relationship that we need to find a way to separate.
00:00:46.720And it isn't necessarily a political relationship.
00:00:50.960They are enablers. By these low interest rates and hanging out at zero for so long, they allowed governments to do anything.
00:00:59.500They allowed companies to remain that should have died.
00:01:02.260They ruined the entire infrastructure of global finance.
00:01:06.600And to think that it's going to come together easily or if central banks have any plan, there is no way to put this Humpty Dumpty back together.
00:01:14.900There needs to be lots of financial destruction first, and from that, the Arizona will rise.
00:01:21.420The best fertilizer for the global economy right now is for all of these issues, whether it's foreign exchange, government debt, corporates.
00:01:30.700All of these financial instruments have to be pushed down to some level that represents true risk-to-value returns versus the pie-in-the-sky valuations and returns that many were getting with virtually no risk.
00:01:48.100Okay, welcome back. It's 22 September in the year of our Lord 22.
00:01:51.240And to remember, we're going to play this over and over again, that will be known as equivalent to the Tea Party scream he had back, and I think it was in March of 2009 that became the rally cry for the Tea Party.
00:02:06.920All of these instruments have to be pushed down.
00:02:09.240That is – they're talking there about capital markets, about reality, the physics of capital markets, price is truth, that you can't run and hide from this, you know, with this modern monetary theory.
00:02:19.220You know, as we've been saying, the entire structure of world finance is based around low interest rates, negative interest rates, and that eventually was going to catch up and collapse.
00:02:27.520You're starting to see the beginning of this.
00:02:29.020But when he says all of these instruments basically have to be pushed down or collapsed, that would be your life, okay?
00:02:35.520Understand, your credit card is about to explode.
00:02:43.160The 10-year treasury, all of it is going to roll back through your life, and your life is going to be quite different because your wages – we're now in the 18th month of real wages declining.
00:02:54.200This is – elections have consequences.
00:02:57.280Stolen elections have catastrophic consequences 100%.
00:03:01.000This is not about some border conflict in Ukraine.
00:03:05.320This is 1,000% the Biden regime's economic plan, their fiscal and monetary plan, okay?
00:03:14.040It's all collapsing, and we now know when you talk to the smart guys who are putting money to work at the NRCC, with Stefanik's group, with others, when you tie these lying Democrats to the policies they've supported, the American people, they hate it.
00:03:42.940It's all coming together as their lies and misrepresentations.
00:03:45.860They can't kick the can down the road anymore.
00:03:48.460Now, what they're doing in Washington, D.C. right now, both parties, about this continuing resolution and spending more until you get control of this Keynesian orgy.
00:03:58.440You're not going to be able to get control of that, and there's going to have to be some very tough decisions to be made.
00:04:03.140I want to get in here, Dr. Peter Navarro.
00:04:04.700Dr. Navarro, you called this along with Steve Cortez very early.
00:04:08.320I think, and Cortez is going to join us back here in a second.
00:04:12.900I'm telling you, you're one or two moves away from going over the cliff with the pedal down, and we're going to be in a depression.
00:04:21.120Right now, let me just tell the audience, there's no short-term fixes for this.
00:04:25.060Everybody under 35, understand you're about to go through a lost decade of your life.
00:04:30.800Now, personally, and all that, you can grind through, but I'm talking about the overall macro environment.
00:04:35.560You're about to get ground up, and I think you look at your grandparents, your great-grandparents, the greatest generation that came through the Depression.
00:04:42.300Get ready for it, because we are getting close to that end because these radicals still have their hands on the throttle and will not relent.
00:04:52.100Dr. Peter Navarro, thank you for joining us, sir.
00:04:54.060Steve, Rick Santelli is one of the few voices of sanity on CNBC and in the financial press.
00:05:05.300Why is it, Steve, that you have to listen to the war room to get sage advice on where the economy and market's going?
00:05:59.600You can see it's straight up since my same call on the stock market.
00:06:04.340And what we've been saying all along, Steve, that with stagflation, there's nowhere to run, nowhere to hide, unless you're sophisticated enough to be on the short side, which I don't recommend because it's too damn risky.
00:06:17.400But the point is, Steve, that we have a situation where on the war room, Cortez, Bannon, Navarro, Bratz, all the people you bring on have been talking about this for over a year.
00:06:32.760I wrote a stagflation memo in May of 2020, and the fact that Wall Street doesn't want to hear this tells you that it's a big game with a big money to fleece small investors and drain pension funds while they laugh all the way to Southampton.
00:22:41.760And Steve, I just want to tell you, as I've gotten all over this country, and I've met thousands and thousands of patriots across the country campaigning in recent months,
00:22:48.560they all tell me, almost to a person, that the war room is what has armed them with information,
00:22:54.500as well as the encouragement to go out and get active.
00:22:57.180And they're not complaining on their couch anymore.
00:22:58.960They are taking actual real steps, running for office themselves.
00:24:23.100And Steve, listen, we're going to leave no place untouched, right?
00:24:26.340Because partly because we have the solutions to what Joe Biden, the mess that he has made.
00:24:31.880But then also partly because, look, this patriotic populist movement, Steve, is able to win over voters that were not previously reachable by the establishment Republican Party.
00:24:41.280It is a very different kind of movement.
00:24:43.080And because of that, we are fighting in places like Oregon.
00:24:48.000Bend is almost exactly in the middle of the state in Deschutes County.
00:24:51.100It's a fascinating place, by the way, Steve, because it's got elements of sort of cowboy culture.
00:24:55.240It's a bit of Wyoming, but it's also a bit of Silicon Valley.
00:24:57.620There's a lot of big tech stuff going on there.
00:24:59.320It's really a crazy, interesting, eclectic place, a place that's been growing economically, leaps and bounds, and a place that's very much of a swing area regarding partisan politics.
00:25:09.080And thankfully, as I said, right now, there's only one congressional seat, only one Republican in the entire delegation, House and Senate, from Oregon.
00:25:16.520So Oregonians, who are conservatives, are hardly represented at all in Washington, D.C.
00:25:21.040But they've been doing the hard work, the fundraising, the door knocking, the registering.
00:25:25.800They've been doing the hard work to change that.
00:25:27.720And they've got the right candidates now.
00:25:29.540And they really believe, and I think, again, for valid reasons, not just hope, not just Pollyanna, wishful thinking, but for valid reasons, when they look at the polling and the fundraising,
00:25:37.280they think that they can pick up three or perhaps even four seats there.
00:25:41.240And the governorship is very much in play because they had perhaps, there's a lot of terrible governors in America.
00:25:46.040They probably had the worst governor in America and the least scientific, the most tyrannical regarding lockdowns.
00:25:52.260That might play okay, by the way, in some areas of Portland.
00:25:54.620That does not play very well out in the countryside of Oregon, where people cherish their individualism and their freedoms and their rights.
00:26:01.460And they really resist that kind of gubernatorial tyranny, which was inflicted there.
00:26:06.920Similar story in Michigan, for example, with Governor Whitmer.
00:26:09.520Similar story in Illinois, a place that the Democrats take for granted that I think is very much in play because of J.B. Pritzker and his tyrannical policies there.
00:26:17.360So I think all these places are in play.
00:26:19.480We've got to, you know, again, we're not getting cocky.
00:26:50.300If you're inspired to send 50 bucks to these campaigns, that's your option.
00:26:53.980But if you volunteer, what we need is muscle, right?
00:26:58.800In Oregon, I think it's a congressional district outside of Portland.
00:27:02.420And remember, the polling is kind of suppressed because a lot of people say, hey, I'm not – you know, the FBI will be kicking down my door.
00:27:07.800The people in Portland, the good folks in Portland, they hate what's happening there.
00:27:11.800The people in the suburbs around Portland, they hate what's happening there.
00:27:14.800That's why you can start to pick up these districts.
00:27:17.260They're certainly going, these policies are not working.
00:32:42.780With border security, stopping illegal immigration, making sure their wages are not getting crushed, and their families are not being destroyed, and their values are not being destroyed in these woke schools.