Episode 2177： WarRoom Called The Market Crash Almost 1 Year Ago; Live From North Carolina： MAGA Suges; CPAC Pledge For Candidates To Stop Doing The Agenda Of WOKE Companies
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Summary
The Dow and S&P 500 hit new all-time lows on Thursday, and the yield curve hit new records. What's going on? Is this a bear market? What's the worst that we've seen in decades? And what's going to happen to the stock market in the event of a recession?
Transcript
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who knows based on how Rachel Maddow kind of went through that. Let's be clear, War Room Posse,
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this is the battle that will determine the future with respect to our economy. If Biden
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and Pelosi are able to push through this $3.5 trillion build back to nowhere bill,
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that will throw incredible flames on the inflationary fire. Now, let me say this, Steve,
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I cut my teeth in macro to being like a stock market analyst, looking at the economy and
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figuring out how that's going to move the markets. As far as I'm concerned, the stock market has been
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levitating since Biden got in office. I'm calling a top on this market. And we are in a situation
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where when we have this 1970s style stagflation, Steve, you witness something that rarely happens,
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both a bear market in bonds and a bear market in stocks. And it's a case where it's virtually
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impossible to make any money unless you're on the short side. Remember, the stock market is supposed
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to estimate a future stream of earnings. And so far, it's been going up only because the Fed's been
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throwing money on the fire and the Congress has been throwing money on the fire. At some point,
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that breaks because the inflation goes out of control. And let me give you some numbers here.
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It's not just that yesterday was the producer price index, the wholesale prices going up 8%,
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the highest in 11 years. It's not just today that we had a massive CPI number, consumer price index
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here. And remember, inflation is the cruelest tax because high food prices eat up our wages, right?
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In China, interestingly enough, they had a 13% hike in the producer price index,
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which was the highest in 26 years. So what you and I do on this show is connect the global
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dots, right? So if China's inflation is kind of approaching where mark German World War One
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kind of territory, it's not, you know, as soon as those ships are able to come through the broken
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supply chain and start dumping their crap in Long Beach, it's going to be a lot more expensive.
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And remember, it's the deplorables. It's the blue collar Americans. It's the black and brown Americans
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who are already getting hammered by the open border, driving down their wages that basically get hit
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by this. If you don't get a wage hike and prices go up by 10%, guess what? You're screwed. And it's not
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just 10% this year. I mean, this stagflation scenario is out of control. So war room posse,
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this is, you're famous for the naming of the great battles where the tide of war turns.
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This is one of those, you give it the name, Steve. But if we do not stop Biden and Pelosi
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from pushing forward that final bill, raising the debt limit and all of that, it's got to be back to
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the four no's. But a little bit of an attempt to bounce off what had been some pretty decisive lows
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back in mid-June. That does it for closing bell. Overtime is now with Scott Lockett.
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As I said, a new closing low for the Dow. Where do we go from here?
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Well, I think you have to take a little bit of a good feeling about the way that we ended the day.
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This clearly had the feel of a liquidation type of an event. Trading volumes were very heavy. Volume
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was nearly 40% above the 30-day average. We haven't seen that in a while. Certainly, you saw in
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treasury yields a spike, almost a parabolic spike, move higher to levels that we haven't seen in many,
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many years. So I think that's indicative of a little bit of a liquidation feel. I think you could
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take heart in that, but by no means does that mean this is the all clear, because ultimately,
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the big question is going to be earnings. You know, John Spallon's on 2020. A bear market is a
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20% decline from previous highs. Now, even some optimists are throwing in the towel. Goldman Sachs
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today sharply cutting its outlook for the U.S. stock market because of these concerns about the Fed
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and about high inflation. One of the worries here is that the Fed is moving so quickly, even though
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it takes time. It takes months for the full impact of these interest rate hikes to be felt in the
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economy. Bank of America put out this great report summing this up. They said the Fed is hiking at the
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fastest pace in recent memory with maximum uncertainty on the macro outlook. To us, this seems like driving
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at 75 miles per hour, but not knowing which way the road will turn. An accident seems inevitable.
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If you want to see which way the world turns, just come into the war room. It's Friday, 23 September,
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the year of our Lord, 2022. I want to go to Peter Navarro. By the way, some war room policy members
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had asked for it, particularly over at Getter. And so we went back. That was 11 November. The opening
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was 11 November of 2021. It was Dr. Navarro calling the top. He's got a chart to back it up. We're kind of
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pressed for time, Dr. Navarro. Another bloodbath, not just in stocks. We keep telling people in the
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bond market, absolute bloodbath. And a term we want everybody to capitulation. Capitulation.
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Right. When the happy talk and the spin stops, capitulation. Dr. Navarro, give us your rap for
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today. This is going to be the first of many brutal days, sir. Look, Steve, that clip was from 10
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months ago. You and me on the war room got this exactly right. And even today, the touts on CNBC
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are saying, well, it looks good. The market ended up a little bit. Here's the chart, Steve. Okay. One
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chart, right? The top of that chart is when I made the call back in November. It's a downward trend all
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the way today. What did I say, Steve? Yesterday, I said, look, we're going to hit 25,000 on the Dow now long
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before we ever hit 40,000. And the idea, we haven't seen capitulation yet, Steve. We're going down to
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25,000. And the reason is, and that November was a turning point. That was that one thing that Steve
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Bannon said could push us over the stagnation area edge. It did. And good Lord, CNBC, will you put some
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smart people other than Rick Santelli on that network? These people are idiots stealing people's
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money. We'll play. Yeah. Here's what you got to watch for. I've got a bunch of stuff up on Getter
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right now about the changes in financial circumstance, about mortgages, about what you
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have to make. This chart that somebody did and got to me about the difference in income you have to
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make with a 30% down payment is really puts you on the precipice of the implosion of the housing bubble.
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I mean, everything in your life financially and economically is changing in the last 72 hours,
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and it's only going to get worse. Peter, in the bond market, you know, you've been saying,
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hey, normally when you come out of the stocks, you can get into bonds, but there's no place to
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hide here, right? This is a bloodbath everywhere. Yeah, that's really interesting. Let me give you a
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second chart here, Steve. This is the short of the long bond, which illustrates that from the day I made
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that call on the stock market going down, the bond prices have been going down because when that
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thing's heading straight up, bond prices are going down. And look, as I explained in November, the usual
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asset allocation strategy is like, you know, half bonds, half stocks, because those prices move in opposite
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directions. So you have a natural hedge. When you have stagflation, they both go down at the same time.
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The only protection is very risky, short selling. So this is a bloodbath. We are losing trillions and
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trillions of dollars in wealth. And Steve, the bond market is an ocean compared to the pond of the
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stock market. And it's all about the bond. It's an ocean. It's 20 to one. The bond market is much
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more important in your life. A couple of things. Just remember, as you're seeing this red, that's your
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pension funds. That's your 401ks. That's your pension funds. That's all these geniuses.
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Larry, Larry thinks of the geniuses managing your money, but also in the bond market. Remember,
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your asset allocation is probably 60-40 at best. I tell you what, Peter, hang on for a second.
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There's some news out in China I got to talk to you about. Unconfirmed. But I want to bring in Boris.
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We got Ben Burkwam down at the rally. We're going to go to him a second. I want to bring in Boris.
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Boris, you've also worked on Wall Street for many years. Do I have Boris by phone?
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Boris, give us your assessment and tie together, because everyone in the audience knows this.
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I had Russ vote on. They're on Capitol Hill right now. And the deal they're making, whether it's in
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60 days as a short CR or a long CR that takes us in, we have control in January, because we're going
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to pick up at least 40 seats. Both of them are predicated on staying at 2021 numbers. That is
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basically a trillion and a half dollar baked in deficit, okay, with the trillion dollar defense
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budget. Here's the difference. The difference is the funding cost of that is astronomical. It's
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like in the United Kingdom today. Liz Truss goes up and gives this happy talk about a tax cut. You
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can't finance. The bond market collapsed. The stock market collapsed because there's no way to finance
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it. You are now, and we're the first people to put it up, and you never thought you would hear this,
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a sovereign debt crisis for the good old United States of America. That's where the Biden regime
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has driven us. Boris Epstein. Steve, it's an honor to be with you, and I've got to give kudos to
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Peter Navarro for that call on the stock market. You know, Peter should probably stick to stock in
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the office. Just joking, Peter. Lots of love, lots of love, just kidding around. But it was an
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unbelievable call. Unbelievable call on the top of the market. Here's where we are, Steve, and this
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has truly been called by us from, you know, over a year ago. The Biden administration, so dead set on
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ruining America. Democrats, woke radical liberals, so dead set on driving our country into the ground
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with sky-high inflation, gas-driven inflation, sky-high gas prices, no absolute disaster
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internationally, no respect for us as a country. And this is where we are, nowhere to hide. Stock
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market, absolute disaster. Bond market, disaster. And Peter's right, usually, you know, you're about
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50-50, you know, in your investment portfolio, and maybe if you want to be a little more aggressive,
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you're 70-30 equities to bonds. With bonds, you're providing that stability when equities go down.
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And right now, both are deep in the red, blood red, and there's absolutely nowhere to go.
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And, you know, a lot of folks speak about the stock market as some separate entity from the
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economy. Not here, not now. What you are seeing is a mirror reflection of the disastrous situation
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of the American economy because of the Democrats. And you better believe, you better believe politically
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in November, you're going to have the American people go to the polls and in droves, in droves,
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vote for MAGA Republicans, march all the way through 24.
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I want to talk about Alex DeGrasse's amazing analysis, but hang on for a second. We'll go
00:11:25.140
back to Peter. He's got a punch. Peter, the timing of the book can be better taking back Trump's
00:11:29.400
America. You lay out exactly what the principles are for MAGA America first and President Trump's
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policies. And about, you know, McCarthy put up this thing today. Hey, it's a start, but
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certainly not where we're going to go because we're going to go much harder. Your book talks
00:11:42.760
about that. How do they how do they how do people get to the book? First of all, because
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it's a be a great weekend weekend read and when people can get it on Amazon Prime or go Kindle
00:11:53.300
Yeah. And Denver, feel free to put the cover up because there's a chapter in that book, Steve,
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where I wrote a memo in May of 2020, May of 2020. I'm still in the White House.
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Warning of stagflation. You could see this thing coming like a high, hard one. And then
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Biden gets in and just makes it just double down. Peternavaro.com. Go there to get taking
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back Trump's America. It's the blueprint and battle cry for the MAGA movement to take.
00:12:22.240
And Trump's America. What is that? It's prosperity, no inflation, security on our southern borders.
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Full, full energy, full energy, full spectrum energy dominance.
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Real quickly. You've been the best guy because you're the old China hand about the industry could
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be linked nature of the Chinese and the American economy, supply chains, all of it, unfortunately.
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Rumors out of China. A lot of tweets coming out from pretty respected sources, totally unconfirmed.
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But there's something up with the Shanghai meeting.
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There's definitely something up with Xi and the military. I just want to put it on the table.
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Look, there's a typhoon bearing down on Shanghai, which explains at least some of the flight cancellations.
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I think it's going to look. She may have overplayed his hand, taken out so many of his rivals.
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There's certainly a lot of people who want him down. And that economy, they're going with that lockdown strategy, Steve.
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That zero lockdown. That is insane. And the economy is paying the price for it.
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The housing market, there's a bubble. As the boss says, let's see what happens.
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We're going to keep a close-up. We're going to keep the old Gimlet on it. Real quickly, where are you on Getter?
00:13:41.200
Yes. Look, Getter is a Twitter killer. I am going to personally lead that charge.
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Real P. Navarro on Getter. You can just get all my latest posts on this, everything about taking back Trump's America and this stagflation.
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You've got to protect yourself right now. Good call. We got you. You've got all the calls we're going to get into next week.
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Get to November 11, 2021. Call to Peter Navarro. Dr. Navarro, thank you very much.
00:14:06.400
Honored to have you on here. Let's go to Ben Burquan real quickly. Thank you, brother.
00:14:10.140
Let's go to Ben Burquan. Ben, give me 45 seconds of what we've got there in North Carolina. It looks huge, sir.
00:14:18.020
Everything he's talking about is exactly right. That's why the crowd is massive out here.
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The people out here get it. I've been interviewing people all day.
00:14:24.680
There's so many first-time and second-time rally-goers. We've got Mark Robinson coming up right now.
00:14:30.420
Ted Budd's going to be up later, but the people get it.
00:14:32.960
While they're depleting our petroleum reserves, the price of diesel is still sky-high.
00:14:38.120
Everything you're buying is sky-high, and the people out here get it.
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MAGA is exploding across America, and you see it here.
00:14:48.160
Ben Burquan, we're going to come back to you in North Carolina at the big rally today.
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Real America's Voice live coverage, short commercial break.
00:14:54.680
Matt Schlapp, Boris Epstein next in the war room.
00:15:01.140
When your nation's supposed authority on economic policy completely misses the flashing red lights of impending inflation.
00:15:09.960
Now, Treasury Secretary Janet Yellen has finally admitted,
00:15:12.960
quote, there's been an unanticipated and large shocks to the economy that have boosted energy and food prices
00:15:19.020
and supply bottlenecks that affected our economy badly that I didn't, at the time, fully understand.
00:15:28.360
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00:16:27.880
The epidemic is a demon, and we cannot let this demon hide.
00:16:38.680
Okay, Lieutenant Governor Mark Robinson's on stage.
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A little controversy with McCarthy today and Matt Schlapp.
00:16:48.160
The guys that were with about this pledge of corporate money.
00:16:51.580
Boris, I know, real quickly, Boris, I know you jammed for time.
00:16:56.420
Team Elise, amazing analysis, set about 40 seats.
00:17:00.140
Today goes, hey, 80% of the dollars that are being raised are going on offense.
00:17:03.520
We're putting money into, NRCC's putting money into congressional districts in Oregon, Rhode Island, and Connecticut.
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Huge, absolute full backing for an offensive plan to take charge.
00:17:44.740
Sometimes I'm out of here to somebody else, guys.
00:17:46.500
By the way, Denver, I'm hearing back and forth back there.
00:17:48.960
So, Steve, in terms of the field, on the House side, this is going to be a historic wave, bigger than 2012 for the other side, bigger than 1994, bigger than 2010.
00:18:05.140
But on the Senate side, we've got to be absolutely zero focus on Pennsylvania with Oz, Arizona, Kelly, New Hampshire.
00:18:14.960
Yes, I disagree with what Bolden said, you know, that inartful pivot.
00:18:21.980
We've got to win in Georgia with Hershel Walker.
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If you look at the cross tabs, too, it's cutting our way.
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And by the way, that's why North Carolina is so important.
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Most of the people showing up are at their first time Trump rally.
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This is starting to build, ladies and gentlemen, starting to build and particularly get a day like today in the stock market.
00:18:48.020
And people look and look around and go, what are we doing here supporting these radical policies?
00:18:54.380
Steve, first of all, I want to think it's an honor of mine to report directly from President Trump.
00:19:00.140
A message to the war room posse and all the MAGA patriots out there.
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And North Carolina is going to be absolute fire on the legal front.
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President Trump and his team continue to absolutely dominate the DOJs on their back foot all over.
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From the document hoax to the J6 switch front, President Trump and MAGA are ascendant and on the offensive,
00:19:28.580
seeing that legally, politically, and of course, seeing President Trump's policies once again be validated
00:19:35.100
in the disastrous economic freefall caused by feckless Joe Biden and pathetic Democrats.
00:19:43.200
Boris, how do people get you on social media, particularly over the weekend?
00:20:05.920
Everybody, he's going to drop some bombs here regarding the legal.
00:20:17.240
The reason why I want to have you on, you put out a, I guess, a pledge.
00:20:21.800
There's something you've been talking about a lot when you're coming on the show.
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You're very focused on this because it's like Trump in 2016.
00:20:35.460
They said, we're not giving any money to those guys.
00:20:42.280
And so you made a pretty big deal about, hey, if you walk away and we can run the tables
00:20:58.980
I'm sure many of your folks watching have as well.
00:21:02.280
The only way these companies will back down off of woke, the most recent thing is companies
00:21:07.480
like Walmart agreeing to pay for abortion on demand, abortion through nine months of pregnancy
00:21:12.480
with first-class travel and accommodations to boot, subsidizing all the way along, which
00:21:19.720
The only way these companies are going to back down politically is if they know the
00:21:24.540
Republican Party, which was called racist by all these companies because we believe
00:21:36.740
Election deniers because we believe in voter ID and you should only vote if you're a legal
00:21:41.360
You should vote once and you should have an ID to prove who you are.
00:21:43.840
Because of those things, they've called us the worst of names.
00:21:47.320
If the GOP majority comes into Washington, D.C., comes into that capital after being called
00:21:52.400
racist, election deniers, semi-fascist, you name it, and just sits down with these guys
00:21:59.180
over tea and crumpets as if nothing has happened, then we won't fight on anything.
00:22:07.880
We will break their backs if we say, we're not sitting down with you, we're not doing
00:22:11.420
your bidding until you pull back on these policy questions.
00:22:14.980
Okay, so that's not that controversial for the war room policy that we agree.
00:22:21.000
When I read the thing, I said, this is pretty logical.
00:22:28.180
McCarthy and the guys are in Pittsburgh, MTG's with them.
00:22:31.460
They put out this kind of mini, you know, the counter narrative, which is fine.
00:22:35.540
And we know it's going to be a lot more added, but, you know, we're going to run the tables.
00:22:38.960
We need to know how to govern, toughly, not back off, particularly on money and appropriations
00:22:45.280
But we don't have the clip, but we'll have it maybe to play it tonight or tomorrow in
00:22:49.900
But what I read on Twitter, he got asked about this, right?
00:22:53.840
He got asked by CNBC and he said, no, no, I'll meet with anyone, which I guess if you're
00:22:58.300
not, maybe no one had briefed him on the letter.
00:23:00.400
But I have confidence that he'll realize, no, this is a very basic thing.
00:23:05.600
You probably wouldn't sit down with just anyone.
00:23:07.640
Are you going to sit down with somebody who called half of your conference racist, who
00:23:11.640
said to half of your conference, you're such a renegade, we'll never even consider giving
00:23:17.100
You know, they really crossed the line when they came out with these slurs, tried to damage
00:23:21.500
I think people like Scott Perry and others in the conference want to see us say, no, we're
00:23:27.440
It doesn't mean we won't do the right thing for the American people, but it starts with
00:23:32.100
listening to the American people, the people who are going to give us this majority and
00:23:44.240
What is the pledge and what are you asking candidates to do, sir?
00:23:48.180
We're asking members of the conference, all these people that have come in to stop doing
00:23:53.360
the agenda of woke corporations that are for nine months of paid abortion.
00:23:57.280
That if we're defunding the cops, who are for saying that voter ID is racist, who are
00:24:02.080
saying that it's OK to have policies to push trans ideology on our kids and get our kids
00:24:08.680
All these policies, we're saying they have to go back to neutral before the Republican
00:24:14.700
I believe these companies, the lion's share of them, will go back to neutral.
00:24:18.440
But if we play patty cake, it's not going to happen.
00:24:20.640
OK, by the way, tell Mercedes, we've got to get her on on the Alex de Grasse team, at least
00:24:26.600
the analysis we went through last night for an hour.
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And then today, they're talking about 55 percent of the Hispanic vote.
00:24:34.440
I'm going to have three Hispanic candidates on in the next hour from El Paso, Texas and
00:24:39.940
They say it's definitely breaking our way of working class.
00:24:42.400
In fact, the Las Vegas Review, as I keep saying, they did the analysis.
00:24:45.780
They said, hey, the Democratic Party's bet on basically Karen, bet on white college educated
00:24:51.820
women in the Democratic and the Republican Party bet on working class Hispanics.
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And we're seeing whose bet's going to pay off here.
00:25:01.460
I'm telling you, it's breaking our way for sure.
00:25:04.940
Matt, how do people get to you on social media, sir?
00:25:09.660
Come join this movement to take back the corporate boardroom.
00:25:21.940
Our own Ben Burkram, Real America's Voice at the rally.
00:25:28.360
Hey, Steve, we've been interviewing people all day and the turnout is massive here.
00:25:35.040
And what you're talking about, it's so interesting.
00:25:37.000
When you look at what the left is offering, all they're offering is transgender sports, abortion,
00:25:44.440
When you look at the crowd here, it's everybody from across America.
00:25:51.000
You know, it's interesting, too, what just changed.
00:25:53.240
So it's been a Let's Go Brandon chant for the last couple months.
00:25:59.080
There is some anger in this crowd here about what Joe Biden is doing to America.
00:26:05.840
And no matter what the mainstream media does to try to hide this from them,
00:26:17.520
I think we'll go to Wayne Allen Root here in a second.
00:26:19.220
I just want to report your reporting, Ben, because you've been doing such a great job at the rallies,
00:26:24.600
You're saying that in this crowd, look at that massive crowd for our TV audience and streaming audience.
00:26:35.820
You're saying a lot of people you talk to, this is the first time they're really coming to a rally?
00:26:43.860
I probably did 20 interviews as people were coming in.
00:26:45.960
And I'd say 60 to 70 percent of them were either first or second timers.
00:26:52.260
So that just gives you an idea of the momentum that this is having.
00:26:56.360
These are people that have seen President Trump.
00:26:58.140
And it's a kind of a cross section of people, former Democrats, that realized that President
00:27:03.020
Trump wasn't a bad guy and that the mean tweets weren't that bad.
00:27:06.100
What's bad is having to spend three times the amount on their groceries and three times the
00:27:11.060
amount on their gas and three times the amount on their kids' clothing.
00:27:14.800
And the other half of that are MAGA folks, patriots, that just haven't stood up yet.
00:27:35.900
It's people that are watching you and this network that are getting it.
00:27:48.740
Wayne is a deal guy, knows Wall Street better than anybody, and is going to be here.
00:27:53.720
Also, Alan Dershowitz, Professor Dershowitz from Harvard.
00:27:56.640
So, we have Columbia versus Harvard next in the war room.
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The epidemic is a demon and we cannot let this demon hide.
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This is the best deal we've ever had on towels.
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You got the slippers, the moccasins, all of it.
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The sheets, the percal sheets, which is how you sleep the sleep of the just when you only
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And we're manning the ramparts here with, what, 46 days to go.
00:30:33.040
By the way, we're trying to get Professor Dershort's.
00:30:41.720
Big news story there about the reasons why he's doing it.
00:30:51.420
We've got to bring in a buddy, a colleague, and a mighty warrior.
00:30:55.400
I thought I was going to have Columbia versus Harvard with Wayne Allen Root versus Dershowitz.
00:31:05.100
First off, before I actually met the new show, real quickly, you're a street guy.
00:31:08.680
You've spent a number of years in and out of Wall Street.
00:31:10.800
Tell me about your thoughts of the market today and the economic policies that got us here, sir.
00:31:16.900
Yeah, well, listen, I'm a little like Donald Trump, Steve.
00:31:21.160
Even with Biden as president, I want America to succeed.
00:31:33.120
Wall Street, I believe, is shaken and on the verge of collapse.
00:31:41.000
I have no idea because I'm just a little son of a butcher.
00:31:44.000
But all I could tell you is I've said for a year and a half now that the nation's in disastrous shape, that the borders open, that the inflation, the gas prices, the groceries, the average middle class consumer cannot survive.
00:31:56.900
They can't make it and they're using their credit cards to just barely survive this month and next month in Vegas, where I live.
00:32:05.000
Not only the groceries out of control, not only is the gas almost as high as California, but the rents are up by 30 percent year to year.
00:32:15.200
Housing prices went up dramatically, but the mortgages and the interest rates now through the roof.
00:32:21.480
So you can't sell your own house and make a profit because the buyers are gone.
00:32:25.600
And if you bought a new one, the interest rate would be twice as high.
00:32:32.500
And we've got a Federal Reserve that's out of control.
00:32:35.960
The Federal Reserve is raising interest rates dramatically into the teeth of a recession.
00:32:42.900
They're admitting they're going to cause millions of jobs to be lost, businesses to go under, and an economy to crater.
00:32:49.680
All of this right in front of the midterm elections.
00:32:57.420
The one benefit of it is the Democrats are finished.
00:33:02.400
I was a little shaky, Steve, like a month ago because Republicans were not doing a good job of messaging.
00:33:08.540
And Democrats kept bringing up abortion, abortion, abortion to the women.
00:33:13.680
But I really feel now we're headed for a landslide.
00:33:16.040
I think we're going to do well in the House and the Senate.
00:33:18.120
And I think it's going to be a gigantic landslide.
00:33:21.480
This is what Alex DeGrasse last night and then today.
00:33:27.140
They had the right issue set, which is crime, border, inflation, economy.
00:33:32.360
They took the hits for the Democrats, came in in July and August.
00:33:38.960
And particularly when we look in at the crosstabs in Nevada.
00:33:42.320
I just want to go back, though, for a second because people's lived experience is what's going to drive the electorate we want to the polls.
00:33:51.520
With the 10-year Treasury hitting almost 4% today, that's going to change everybody's life.
00:33:57.200
Because the credit card interest is going to explode.
00:34:01.360
How are people making there with repossessions of cars?
00:34:03.920
When you're talking about rents going up 30%, food's through the roof, you know, still fuel.
00:34:08.160
And, of course, natural gas is through the roof, credit cards, all of it.
00:34:12.120
How are people – by the way, the mortgages are now going to be out of control.
00:34:14.420
So you can't even – you're not going to have the 30% to put down or because every month you've got your real income is dropping, right, because of inflation.
00:34:23.400
How is working class and middle class folks in Nevada, in particular Las Vegas, how are they going to make it?
00:34:31.660
That's why the entire working class and middle class is for the GOP.
00:34:35.760
You know, obviously, I'm very well-known in Las Vegas.
00:34:38.360
I can't walk in a restaurant without being mobbed here, and every time I sit down in my seat, every waiter comes up, every waitress, every hostess that says, we're with you.
00:34:47.260
But when I meet the rich people, oh, we're Democrats.
00:34:50.060
We don't understand why you're a Trump guy, Wade.
00:34:54.840
The richest people with the private jets and CEOs of big corporations are all out-of-touch Democrats.
00:35:00.560
And the average middle class, working class person, including almost every Hispanic I meet in Las Vegas, certainly every Hispanic male, is now a Republican and a Trump believer.
00:35:14.440
And I believe that's why they're trying so desperately to stop you, Steve, and to stop Mike Lindell, to stop Donald Trump, because Trump really has brought, you know, as opposed to what the media story is, they claim Trump's not popular.
00:35:27.760
And Trump could be indicted and all the other nonsense.
00:35:31.260
Trump is, in my opinion, the most popular politician in the history of America.
00:35:40.500
He got the most votes of any president in history and the most biggest increase of any president in history and the most votes of any Republican at any level in history.
00:35:52.960
I think he's got a large proportion, at least black males behind him.
00:35:56.640
He's got almost the entire white middle class behind him.
00:35:59.980
And I think he's going to win big if he runs again.
00:36:02.960
And I think we're going to win big to set the table for the midterms.
00:36:11.900
I'll bet on inflation every time versus abortion.
00:36:15.400
You know, it's a much better issue to the average woman who pays the bills and pumps the gas and buys the groceries.
00:36:23.860
MSNBC even came out with their thing, not the embassy, which buried them on the issue set.
00:36:28.900
But even on abortion, even for women, the number one issue is the economy inflation.
00:36:35.260
I've got to ask you, the Las Vegas Review had this analysis of some Laxalt polls are coming out and saying, look, the Republican – the Democratic Party made a bet on college-educated white women.
00:36:47.820
And the Republicans made a bet on working-class Hispanics.
00:36:50.700
And in Nevada, it looks like the Republican bet is paying off.
00:36:55.160
We had on the show last night, Richard Barris had a poll that showed Laxalt up 8% with Hispanics.
00:37:00.240
He got dragged on Twitter during the show by all the blue checks.
00:37:04.280
Another poll came out afterwards that showed Laxalt up, I think, 21 points with Hispanics.
00:37:20.880
You're going to run the tables in Texas and in Florida.
00:37:25.340
Well, and I think we're going to win big because Hispanic women don't believe in abortion and they're feeling the effects of inflation.
00:37:38.460
If you make $30,000, $40,000, $50,000 a year, Steve, how do you survive when I, Wayne Root, with my income, walk into a grocery store, put 10 items in the grocery cart, and the bill's like $120?
00:37:50.060
And I'm sitting there going, how is a middle-class or working-class person surviving this?
00:37:57.880
And the Hispanics in this country are working middle-class people.
00:38:08.020
They're worried about paying the bills and also their kids' education in school.
00:38:13.220
If a working-class family walks into a grocery store, the mom's sitting there, and you've got two or three kids and two of them, let's say you've got three kids and two of them are young boys, I mean, I don't even know how you feed them.
00:38:24.320
You can't, you're going to have to mortgage the house to feed the kids.
00:38:32.980
In Nevada, obviously, I'm sitting here watching TV in Las Vegas at night from time to time.
00:38:37.600
Every single Democrat ad is about one issue, abortion.
00:38:48.680
The Senate ads against Laxol, only about abortion.
00:38:51.520
The Attorney General ads, what she got to do with abortion.
00:38:58.100
That's all Democrats have to run on is abortion because they can't run on anything else.
00:39:04.020
They've screwed up the country in every other way, and it's not going to work when people can't feed their family.
00:39:15.800
America's Top Ten Countdown is my show, America's Top Ten Countdown with Wayne Alleroute.
00:39:20.860
It's on every Saturday at 12 noon Eastern, 9 a.m. Pacific on Real America's Voice.
00:39:27.080
And it is a fantastic network, and I think it's a fantastic, exciting show.
00:39:31.700
You know me, Steve, it's an hour of pedal to the metal, balls to the walls.
00:39:37.880
And I get through all the Top Ten issues each week that I pick that everyone in America's got to know.
00:39:44.580
And I just emasculate the liberals and destroy them from 10 to 1 every week.
00:39:51.540
No, I will tell you, I'm sure it's intense enough.
00:40:01.640
Everything starts at RootForAmerica.com and on social media at Truth Social Trump site.
00:40:11.220
And Root for America has all the information on all my TV shows, all my radio shows.
00:40:16.060
A big new announcement next week about a major mega deal I'm signing.
00:40:20.060
So lots of great things going on, but nothing is more important to me than winning back the country for my four kids who range in age from 30 to 14 years old.
00:40:29.860
I just want to save this great country and the greatest system of all time, capitalism, and the greatest country ever blessed by God, the United States of America.
00:40:47.840
It's going to be fantastic right after the War Room, our live Saturday morning show from 10 to noon here, Eastern Daylight Time on Real America's Voice, followed by Wayne Allen Root's new show where he curates the top 10 stories.
00:40:58.680
Let's go back to North Carolina, the Tar Heel State.
00:41:05.900
Ben, as we drive towards, I think with 46 days left, we drive to a massive, massive victory to crush the Democratic Party.
00:41:19.940
Oh, man, Steve, the MAGA posse, they're out here.
00:41:35.000
The working class people of this country don't care about what the left is talking about.
00:41:42.840
And they want to reset this nation back on the foundation that made this nation great.
00:41:50.920
And that's why so many people are coming up saying, we watch your network.
00:41:58.400
And then the cool thing is I get to go to all these Trump rallies all over the country.
00:42:01.600
And I tell you, everywhere I go, border, border, border, everybody cares because it affects
00:42:13.000
And the Democrats are just completely tone deaf.
00:42:15.500
Let me ask you right now, as you look at the Hispanic vote, when you think of all the time
00:42:20.200
in the Rio Grande Valley, Del Rio, Eagle Pass, South Texas, Yuma, everything you spend on
00:42:25.300
California, Arizona, and Texas border, where do you think, when you hear these numbers a
00:42:29.720
day on the markets, you hear these numbers a day on inflation, with your experience being
00:42:34.660
down there, where are these working class Hispanics in those places?
00:42:38.360
Who are they going to, are they going to vote Republican?
00:42:39.940
Or are they going to vote for the Karens in the Democratic Party?
00:42:51.400
Everywhere I go down there along the border, it is conservative.
00:43:02.580
The conservative, the Hispanics on the border are MAGA all the way.
00:43:06.500
And you had Linda on there yesterday from El Paso, my friend.
00:43:17.080
She is an example of what the Hispanics are on the border.
00:43:26.760
In fact, in the 6 o'clock show, we're going to have her back.
00:43:28.600
Ben Burkwam, we're going to try to go back to North Carolina for a little pregame.
00:43:33.880
President Trump is going to light it up tonight.
00:43:35.760
Boris said he told everybody in the posse, once I'm watching, because he's going to do a throwdown on DOJ, the FBI, and maybe a couple of three others.
00:43:47.240
Americans are discovering that if we want to change this nation, we have to change the way the marketplace works.
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Look, woke corporations are seeking to divide us.
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And our supply chain is dependent upon countries that actively work against our values, like the Chinese Communist Party.
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And that change starts with you and your wallet.
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The new social media taking on big tech, protecting free speech, and canceling cancel culture.
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The platform for independent thought has arrived.
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It's time to say what you want, the way you want.
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Okay, it's a day of horrible economic news and, of course, a meltdown in the capital markets.
00:45:45.480
And we've told folks, you know, that's where you're here in the war room.
00:45:48.880
The first step is a crushing defeat of this radical Democratic Party that takes place on November 8th.
00:45:57.440
I think early voting in Virginia starts today or starts Monday.
00:46:03.000
We need volunteers everywhere, particularly to be poll workers, election judges.
00:46:09.740
In the next hour, we're going to get into a lot of that.
00:46:11.360
We're going to have a lot of people from the precinct.
00:46:12.820
We're going to have people, candidates from all over the country.
00:46:17.800
Also got some disturbing reports of some of this drag queen situation in churches.
00:46:23.640
But right now, I want to go to Ryan Coyne, an entrepreneur.
00:46:27.260
Ryan, I think on a Friday, everybody would say, hey, the sun's over the yard arm.
00:46:31.600
This has been such an intense week in the war room.
00:46:37.020
Tell us how you're supporting the fight for freedom, sir.
00:46:39.620
Well, listen, we created a brand called We the People Wine.
00:46:46.580
And the brand focused on freedom of speech, freedom of religion, freedom of enterprise,
00:46:53.740
These are values that have been under attack for a while now, as we've seen, you know,
00:46:57.960
really since before the MAG movement even started.
00:47:00.600
And so what we've seen with this brand, as well as others that stand for similar things,
00:47:06.220
Right now, we have 15,000 cases on its way all over the country.
00:47:13.760
We have 500 cases going up to Boston right now.
00:47:16.720
I was just out in Napa bottling 30,000 cases total for us to go into local retailers, wine shops,
00:47:26.060
And so the reception of this brand has been exceptional.
00:47:28.820
And if you want to go on and pick up a few bottles for yourself, it's wethepeoplewine.com.
00:47:35.000
The biggest way you can support brands like us and us, of course, is to join the wine club,
00:47:41.000
whether it's a couple bottles a month, a couple bottles a quarter.
00:47:44.260
You set your own package and you deliver it right to your door.
00:47:48.460
Well, here's the thing is I've said this for a long time.
00:47:50.720
We've got to build our own ecosystem, even with the victory we're going to have.
00:47:54.740
And this is what we had Matt Schlapp on about not sitting down with these corporate,
00:47:57.480
these woke corporations, because it's going to take a while to get their minds right.
00:48:04.580
We need our own alternative, everything from financial systems, all of it,
00:48:10.120
And we particularly can't depend upon the globalists to be there.
00:48:12.880
That's why I'm such a big supporter of all these different people are putting up all these
00:48:16.420
different sites that are putting up their own brands.
00:48:19.060
Once again, talk to us about how important is that?
00:48:20.940
How important is it to support this so that we make sure that we've got our own brands
00:48:25.280
and we're not dependent upon the corporatist environment, the globalist environment,
00:48:31.040
and particularly the Wall Street environment to supply us anything?
00:48:34.720
Well, one thing that we say all the time is that no longer should we have to give money
00:48:40.700
And I don't think that you should have to do that in any industry.
00:48:43.220
We decided to go build a brand around community and getting people together.
00:48:48.100
We think wine does a great job of doing that, especially here at 530 on a Friday afternoon.
00:48:52.920
And, you know, I'm staring out at the team right now.
00:49:02.220
But, yeah, it is critical not to be forced to give money to people that, you know, hate your guts.
00:49:08.560
And so this is one more brand and one more company that we've started up that is engaged in that effort.
00:49:16.360
So how do people, once again, how do people get there?
00:49:20.760
How do they find out about the brand and about the teams in back of it?
00:49:23.640
So they're giving money to people that don't hate them, right, and support their values, most importantly.
00:49:30.220
One, if you want to buy online, go to wethepeoplewine.com, wethepeoplewine.com.
00:49:37.140
If you can't, grab a couple bottles for a very low shipping rate.
00:49:40.300
Another way to support the brand right now is we are rolling out nationally into local retailers, wine shops, and restaurants.
00:49:52.760
You know, make sure that we are getting represented on the shelf along with all these other million brands.
00:49:59.460
There's pretty sharp elbows and broad shoulders out there.
00:50:01.860
And so we need our side that really stands up for the things that we stand for to go and ask those entrepreneurs and those business owners, hey, carry this brand because it stands what most of our community stands for.
00:50:14.760
And last, I would say, a dollar from every bottle that we sell goes to the Working Warrior Foundation, which is a foundation we've partnered with that helps vets transition back into the workforce, which obviously is an important cause and one close to a lot of our hearts.
00:50:26.840
And so keep that in mind as you're making a purchasing decision.
00:50:31.160
One last time, Ryan, how do people get to the site to find out more information about all of it?
00:50:38.220
You can go to WeThePeople.Wine if you want to be a little bit more tech forward.
00:50:42.180
But WeThePeopleWine.com works just as well on the, you know, quick checkout process.
00:50:48.060
Please come and support the brand and support the gift.
00:50:52.260
And we're a huge supporter of people building their own brands.
00:50:56.840
You don't need to give your money anymore to people that hate you.
00:51:02.580
We're going to build our own brands and not just that.
00:51:05.460
Start going on offense about the brands that do hate you.
00:51:15.140
I know sometimes he runs a little late, but what time is the scheduled order of events here?
00:51:23.380
And, you know, he runs typically 20, 30 minutes behind that.
00:51:27.060
So anytime between 7 and 7.30, the plane should be landing.
00:51:30.160
That's what's so cool about these rallies out on the tarmac.
00:51:32.540
You actually get to see the plane land and he comes right off it.
00:51:35.560
But we'll be live 7 to 7.30 and then all the way through his speech.
00:51:40.840
Ben, you've been doing great work on the border.
00:51:51.820
Download the app and then frontlineamerica.com.
00:51:56.040
And one last thing I just want to say, Steve, the darkness is getting darker.
00:52:01.840
But just remember, the darker it gets, the lighter your bright shines or the brighter your light shines.
00:52:08.280
It's time for Americans to stand up, shine that light, invite God back into this country.
00:52:14.240
Ben Burquam, Real America's voice, the intrepid Ben Burquam in North Carolina today for this amazing rally.
00:52:23.300
By the way, you're starting to see the glimmers of the dawn because we are going to run the tables of these people.
00:52:31.500
We're going to get into the details of it, how we're going to win and who we're going to win with next after a short commercial break in the War Room.
00:52:38.400
Everything's just beginning, but the games you want to play.
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