Bannon's War Room - September 26, 2022


Episode 2182: The Clueless Fed; The Media Continues To Smear The First Ever Woman Democratically Elected To Italian Government; They Want Us To Be The Perfect Consumer


Episode Stats


Length

55 minutes

Words per minute

185.19339

Word count

10,312

Sentence count

707

Harmful content

Misogyny

23

sentences flagged

Hate speech

6

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The Atlanta Fed's Raphael Bostic joins us to discuss the latest in the sell-off and what it could mean for the economy and the stock market in the future. Plus, a new piece from Gunjan Banerjee on why people are still chasing the dips.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 of a pullback are you expecting here? Well, first of all, I think that the GDP number is one way to
00:00:08.420 think about the economic performance, but many others would suggest that the economy has a lot
00:00:12.820 of positive momentum. We're still creating lots of jobs on a monthly basis. And so I actually
00:00:17.800 think that there is some ability for the economy to absorb our actions and slow in a relatively
00:00:24.460 orderly way. Look, we need to have slowdown. There's no question about that. But I do think
00:00:29.620 that we're going to do all that we can at the Federal Reserve to avoid deep, deep pain. And I
00:00:35.640 think there are some scenarios where that's likely to happen. Deep, deep pain or that you can avoid the
00:00:41.440 deep, deep pain? Oh, that we can avoid the pain. Thank you for that. Sorry. Alan Blind. Big sell-offs.
00:00:47.620 Retail investors tend to buy the dip, but this year's extended downturn has put a dent in that
00:00:52.380 popular strategy, making 2022 the worst year for buying stock market dips since 1931, I believe.
00:01:01.840 CNBC contributor Gunjan Banerjee of the Wall Street Journal is out with a new piece examining the age-old
00:01:07.800 strategy, which remains popular despite recent losses. And she joins us now. So are people still
00:01:13.860 chasing the dips, Gunjan? It looks like they are. Buy the dip. One of the most popular strategies of
00:01:23.740 the past few years and even since the last financial crisis has retained its popularity this year
00:01:29.940 during, you know, this months-long sell-off that has now dragged the S&P 500 down more than 20 percent.
00:01:36.280 Individual investors do seem to be hanging on. They do seem to be buying more when the S&P 500
00:01:43.200 declines than when it's rising, though many are being tested by this incredible downturn. And it's
00:01:50.160 been painful, to say the least. Well, it certainly has been. I mean, I think people got accustomed to
00:01:55.480 or maybe spoiled by the idea that whenever the stock market went down temporarily, it was pretty soon
00:02:02.640 going to over the last decade. It was pretty soon going to snap back and then go higher than it was
00:02:08.300 and maybe come down. Then it was going to go higher than it was. That works until it doesn't. And right
00:02:13.720 now it doesn't seem to be working because the steps are not going higher. The steps seem to be going
00:02:19.720 lower as we broke last week through those June lows. That's right. You know, it's been the worst year
00:02:26.460 for buying the stock market dip since 1931, the second worst year on record. And look, the past
00:02:32.880 few years, it kind of just seemed like stocks would keep going up and up and up. And so many people just
00:02:39.540 felt really rich, right? Because they did buy on those dips. Then the stock market shot up immediately.
00:02:46.240 And one individual investor I spoke with said, look, I got greedy. I thought it would be so easy
00:02:51.420 to turn my brokerage account into 100K brokerage account. I thought I'd be able to pay for my
00:02:57.740 daughter's college education through the stock market, shielding them from loans, because it just
00:03:04.500 seems so easy for a few years. And that has not been the environment at all. And I think just zooming
00:03:10.960 out, this shows you how much the market has changed this year with higher bond yields and tumbling stock
00:03:16.900 prices. Okay, welcome. It is Monday, 26 September, year of our Lord 2022. Let's bring in Steve Cortez.
00:03:26.100 Steve, I guess we don't give financial advisory. We don't give financial advice on the show. But we
00:03:34.020 have mocked and ridiculed many times the cheerleaders at certain other channels, hawking buying the dip,
00:03:41.100 Steve Cortez, and also the Atlanta Fed, the Atlanta Fed president makes another makes another guest
00:03:46.400 appearance in the war room. Talk to us, sir. Yes. So Steve, well, first of all, you know,
00:03:51.060 unfortunately, for many Americans who do rely on those legacy platforms for their financial
00:03:55.380 information, they've had their head handed to them this year. You know, that woman from the
00:03:59.780 Wall Street Journal said, if you thought this was going to be easy to build your wealth through
00:04:03.860 investing, well, that's not happening. It's also not easy or it's impossible to build your wealth
00:04:07.800 through working because real wages are crashing in this country for a record consecutive now of 18
00:04:14.280 straight months under Joe Biden. And most of the blame absolutely belongs with Biden and with his
00:04:19.160 acolytes on Capitol Hill, people like Nancy Pelosi and Chuck Schumer. But a lot of the blame as well
00:04:24.280 does belong on the Fed, Steve. And I think this is important. I'm glad you opened the show with that
00:04:28.620 clip of Raphael Bostic, who is the president of the Atlanta Fed. I put up a new article. It's the second
00:04:33.380 time that I have written about him because I've been frankly astounded at the kinds of things he says.
00:04:38.660 For somebody with a really important position, okay, the head of the Federal Reserve in the
00:04:43.060 southern United States, maybe the most dynamic economic area in America, and somebody with
00:04:48.500 incredible credentials. Again, he's another example of why we shouldn't rely on just credentialism,
00:04:53.300 somebody who went to Harvard and Stanford. And yet he says things that are just so inane, so wrong,
00:04:59.600 so misguided, that it's almost hard to believe that he believes them. So what he said over the
00:05:05.000 weekend, which was really incredible to me, is he said, I think if you and I give the full quotes in my
00:05:09.500 new article, it's up on my substack, he said, I think that we're going to avoid deep, deep pain.
00:05:15.640 Well, that's not exactly reassuring, particularly when we put that in context of what he said just
00:05:20.160 a few weeks ago, which we previously talked about on this show, Steve, when he was at Jackson Hole at
00:05:24.420 the central bank confab out in Wyoming, when he said that this kind of inflation that we're
00:05:29.700 experiencing, he said it was unimaginable just 18 months ago. He literally said that, no, it was
00:05:35.640 totally imaginable. All right. And as a matter of fact, it was fairly easily forecastable, I think,
00:05:40.920 to people who were actually paying attention to people who are well versed in economics,
00:05:44.720 who aren't committed to narrative, who prefer facts and narrative, and to people who are students
00:05:49.120 of economic history. So you certainly got it right. Peter Navarro got it right. I got it right. A few
00:05:54.580 others did, but almost no one in corporate media and no one at the Federal Reserve. Instead, people like
00:06:00.920 Bostick, people like his boss, Jerome Powell, people like the former Fed chair, current Treasury
00:06:06.100 Secretary, Janet Yellen, they chose to lie to the American people all through 2021 and pretend that
00:06:12.860 the inflation was transitory. And they used that ridiculous term of propaganda over and over again
00:06:19.260 and again, when the Fed, by the way, could have been slowly adjusting rates upward to try to fight
00:06:25.160 what was then growing but containable inflation. Well, now the fire is burning out of control.
00:06:30.400 Now the Fed is trying to raise rates extremely quickly at a pace that is taking an already
00:06:36.000 troubled economy and sending it over the ditch even further. That's the economic reality. And
00:06:41.380 you don't have to take my word for it. We can certainly get into prices truth. And we can get
00:06:45.640 into what financial markets have been doing lately and what they did just today. And we have some charts
00:06:50.020 that we'll show as well about the unfortunate reality, the unfortunate consequences of the total
00:06:55.200 economic mismanagement, the total caused economic crisis of the Biden regime.
00:07:00.200 This is a created crisis. And I want everybody to know your life and the market signals today,
00:07:05.420 but Steve's going to get into a second and going to change your life pretty dramatically.
00:07:09.380 But I want to go back to Dr. Bostick. The Atlanta Fed is the Fed that actually puts out
00:07:14.460 the GDP forecast, right? They're kind of renowned for that. I think now,
00:07:18.400 because they're having these still arguments on TV, which he's part of,
00:07:21.420 oh, we're in a recession, are we not in a recession, the technical things.
00:07:24.240 I think their third quarter forecast actually is negative growth right now.
00:07:29.200 So tell us, how do they have Dr. Bostick in charge of the one that's probably one of the
00:07:33.600 most important we've got outside the New York Fed? Because it really does the forecasting of so
00:07:37.740 many people depend upon. They do. And listen, let me tell you that, okay? As somebody who is a student
00:07:42.400 and a connoisseur of that data, the Atlanta Fed, they have a fantastic team of economists there.
00:07:47.240 They really do, which I think makes his opinions and his pontificating and his wrongheaded line
00:07:52.980 on air even more obscene because the Atlanta Fed puts out some really good information. The GDP now
00:07:58.240 indicator is one of them. They also put out the sticky inflation index. I've talked a lot on this
00:08:03.520 show and in my writing about the stickier aspects to inflation, things that once the price goes up,
00:08:08.680 things like rents, they are unlikely or impossible to go back down. The Atlanta Fed has actually
00:08:13.780 quantified that and has a rating on sticky inflation, which has absolutely exploded,
00:08:18.160 of course, at historic pace in recent months. So there is some good work done by some of the
00:08:22.800 grundoons at the Atlanta Fed, but not by the people in charge. And I think, again, too,
00:08:26.580 we have to ask ourselves why. I think, number one, the Fed, and again, I'm not trying to take the blame
00:08:30.760 off of Biden in any sense. He absolutely deserves the lion's share of the blame. And we have to replace
00:08:35.600 every single Democrat on Capitol Hill who was part of helping his regime do this to the American
00:08:40.420 economy. But I'm saying we can do both. We can do the both and. While we are appropriately blaming
00:08:46.060 Biden for this economic carnage, we need to also recognize the full complicity of the Federal
00:08:51.720 Reserve at every level, from the chairman of the Fed all the way to the regional presidents to the
00:08:55.620 other members of the board of governors on the Fed. And I think part of the reason, Steve, that they
00:08:59.960 have so lost their commitment and what was really a great historical legacy. The Fed was a revered
00:09:06.340 institution in American life for good reason, because of the great men of decades past who
00:09:11.680 led it. It is now interested, I think, really only in two things. Number one, and this is its first
00:09:15.700 priority, is its own institutional power, right? And the best way for it to preserve and intensify
00:09:21.380 its institutional power is to play ball with the establishment. No better person to play ball with
00:09:26.100 than Janet Yellen as Secretary of the Treasury and Joe Biden in the Oval Office. But I think the second
00:09:30.580 thing is we see a lot of mission creep at the Fed. And I give the citations in my article to point
00:09:35.600 this out about Bostick. He's totally, when I say mission creep, he is totally focused on a social
00:09:41.680 left agenda, on a social justice warrior agenda, trying to use the Fed as an agent of so-called,
00:09:48.900 quote, equity. He wrote an entire paper in 2020 about how the United States is systemically racist,
00:09:54.580 in which he mentioned George Floyd. It's quite something, by the way, Steve, if we are such a
00:09:59.360 racist country, we're doing a pretty bad job of it. If we allow somebody like Dr. Bostick to earn
00:10:04.420 degrees from Harvard and Stanford, achieve a tenured professorship at the University of Southern
00:10:09.480 California, and then become the president of one of the most important banks in the United States,
00:10:14.020 that doesn't sound like a very bigoted country to me. So the reality, though, here is, again,
00:10:18.880 I think for a couple of reasons of bad motivation, the Fed has been totally derelict in its duty.
00:10:24.000 It's now totally in a corner trying to fight its way out. But here's the reality. As the market shows us,
00:10:29.760 the Fed is raising rates into the teeth of an economy that was already totally struggling,
00:10:36.220 more than struggling, that was careening lower. I think, should we look at some of the charts
00:10:40.180 here, Steve? Yeah, let's go. I just want to make sure that the title of the piece is The Clueless
00:10:44.420 Fed. It's in Steve Cortez. How do people get to your substat? Because I want them to particularly go
00:10:50.140 there. This is a very analytical piece. And we know from all the great feedback we've gotten from
00:10:54.960 Bend, Oregon, and others. People want more charts, more detailed analysis. So where do they go for
00:10:59.280 this? Yeah, so please go to my social media. I prefer you go to my getter, the Free Speech Home.
00:11:03.920 I just did a getter right before the show. I was, Steve, I was sort of the appetizer to your entree.
00:11:08.180 We did a getter live stream. And on getter, I'm just at Steve. You can also find it on my Twitter,
00:11:13.500 where I'm at Cortez Steve Cortez with an S. So yes, please take a look. Read this article. I am
00:11:18.520 always very careful to cite. I don't just offer opinion. I make sure to back it with evidence and
00:11:24.920 data and provide the citations of exactly what I'm talking about. And unfortunately, here's the
00:11:29.860 reality. Let's talk about the consequences then of this total mismanagement, both on the fiscal side
00:11:34.660 by Joe Biden, his attack on American energy, the exorbitant borrowing and spending orgy that they
00:11:39.320 engaged upon with the help of establishment Republicans, plus a derelict Fed. What has it resulted
00:11:44.000 in? Well, inflation at generation plus highs, meaning interest rates are soaring and hitting
00:11:50.260 decade plus records yet again today. If we can pull up chart 10, this is the unfortunate tale of
00:11:56.080 woe in the bond market. And as I've repeatedly said, you'd probably think that stocks are more fun,
00:12:01.040 but bonds are much more important for your life. And so bonds today hit three, 10-year treasuries
00:12:06.120 hit 3.93% in interest rates. We were getting very close to 4%, a level that we have not seen
00:12:13.200 in over a decade. And for the folks who are watching the program, I want to make sure they
00:12:17.120 see there the comparison side by side of what 10-year treasury yield, what interest rates did
00:12:22.500 under Trump, stable to heading lower, and what they did now have done and are doing under Joe Biden.
00:12:30.220 And notice that contrast. During Donald Trump's, even his first three years, before the CCP virus,
00:12:35.900 when we had an economy that was growing aggressively, when we had personal incomes in real terms
00:12:41.100 that were leaping ahead, we had contained inflation and contained interest rates. Now we have the
00:12:47.320 exact opposite. We have the worst of both worlds where your real wages are crashing and interest
00:12:52.160 rates are absolutely soaring. It's been a miserable performance for interest rates. You know, that woman
00:12:57.440 from the Wall Street Journal also mentioned that it's been the worst year for buying the dip in stocks
00:13:01.460 since 1931. That's pretty terrible news. You know what's also terrible news? It has been the worst
00:13:06.280 year to buy bonds ever, ever, Steve, not just since 1931. The U.S. 10-year treasury has never had a worse
00:13:13.180 year than what it is having right now in 2022, as shown by that chart, by the spike in yields, meaning
00:13:19.060 as yields go up, the bond price, the 10-year treasury price goes down. Now let's talk about some of the
00:13:25.220 consequences of this. Very real-world consequences for you. If we go to chart number two, this is, and I don't
00:13:31.100 think I've shown this yet on the show, these are investment-grade corporate bonds. So these, I think
00:13:35.660 I've shown the spread, but not the actual investment grades. These are companies that are predictable and
00:13:40.420 boring, companies who pay their debt on time, companies who are not considered to be risky,
00:13:46.180 okay? These are normally for grandma. These are normally for the safest poor-year portfolio.
00:13:50.400 They're basically like treasuries, but they offer just a little more yield than treasuries, so a lot of
00:13:54.520 investors like to pour into them at times. Investment-grade bonds have been rinsed this year.
00:14:01.660 This is the ETF, the ticker is LQD, but trades like a stock, but when you buy it, you're not buying a
00:14:06.420 stock, you're buying an investment-grade bond. And year-to-date, they have absolutely collapsed down
00:14:11.580 22% on the year. In principle, Steve, this is calamitous. It has never happened before.
00:14:19.980 Yeah. I mean, it's almost hard. Let's take a break. I want to come back because these are
00:14:25.120 government securities. We talk about a sovereign debt crisis. I mean, you've never had, these are
00:14:29.220 supposed to be what Aunt Daisy buys and puts away for retirement. It's unimaginable. And the media 0.95
00:14:36.760 won't talk about it. This is the markets voting on the Biden business plan for America. And they're
00:14:42.340 voting, it's obscene what's happening. It's obscene what's happening to capital, people's pension funds,
00:14:48.840 401ks, all of it. Short commercial break. Steve Cortez, next in Warren.
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00:16:08.500 agency. Action, action, action. War Room. Pandemic with Stephen K. Bannon. The epidemic is a demon
00:16:16.880 and we cannot let this demon hide. War Room. Pandemic. Here's your host, Stephen K. Bannon.
00:16:25.800 Okay. Welcome back. I want to make sure everybody goes to birchgold.com forward slash Bannon. You get
00:16:30.560 the end of the dollar empire. A lot of what we're talking about, the politics of money was part one.
00:16:35.260 The second is the fall of the dollars, the prime reserve currency. This is a primer to get everybody
00:16:42.080 up to speed. We're going to spend a lot of time on this in the coming days and weeks ahead as the
00:16:46.500 politics of money becomes central to our political dialogue. So you have to understand it. We try to
00:16:52.060 break it down in a relatively simple way. We're going to be talking a lot more about this. I'll also
00:16:56.940 probably be doing some specials about it with the birchgold guys and Peter Navarro, Steve Cortez,
00:17:01.860 and others. Steve, I just want to make sure to go back because what you're saying is so
00:17:06.460 profound and important to the country and to people, individuals that it just boggles my mind
00:17:14.220 that the Wall Street Journal, the Financial Times of London, New York Times, these papers that cover
00:17:21.600 business are not talking about this. I want you to go back and talk about what investment grade
00:17:26.640 securities. This is normally the safe harbor where people take their cash out of the stock market and
00:17:33.120 put a safe harbor. They've been eviscerated. It's a bear. I never thought it's a bear market in
00:17:37.980 the safest securities we have, sir.
00:17:42.060 Right. In insurance and what is supposed to be the stability, the insurance for your portfolio.
00:17:47.480 And not only has it not been insurance, it has been absolutely rinsed. And to your point,
00:17:51.960 I think the folks in media who do know what's going on, who see what's happening, they're just
00:17:56.380 too committed to narrative and they will prioritize their personal narrative, their personal propaganda,
00:18:01.240 their leftist political leanings, and just ignore what's going on. And I think there's also a lot of
00:18:05.320 folks, particularly in TV news, who frankly just don't understand what's going on. They haven't had
00:18:09.420 enough real world experience. They've only worked in media or they've only been lawyers before and
00:18:13.680 they just don't see what's going on here. So kudos to you, Steve. You're the only major media figure
00:18:18.540 who is uncovering this for the American people. And it is so consequential to regular Americans
00:18:23.160 because it's understandable that a lot of regular Americans don't follow this. You don't follow the
00:18:26.440 bond market day to day, even if you're into the stock market. A lot of folks just aren't in the
00:18:29.980 markets, period. But that's why you do such a good job of pulling that curtain back and saying,
00:18:34.380 look behind here. This is what really matters. I mean, a lot of things matter, of course,
00:18:38.560 in terms of the economy. But if we can put chart number two up there again, just for another quick
00:18:42.500 look on the LQD, which stands for liquid, essentially. So this is the ETF, the exchange
00:18:49.240 traded fund for investment grade corporate bonds. You buy it like a stock. It's a ticker,
00:18:54.460 but you're not really buying stocks. You're buying a group of investment grade bonds. These are the
00:18:58.220 biggest brand name companies that every single person would know and recognize companies who pay
00:19:03.040 their debt on time. And this is considered to be insurance. You know, when you talk about a 60-40
00:19:08.240 investment blend, you invest roughly 60% traditionally in stocks. That's where you're
00:19:12.820 going to really make your money over time. But that 40% of bonds is where you collect some interest
00:19:16.880 over time and it's insurance against calamitous times. When that 60% gets slammed, normally that
00:19:23.300 40% stocks gives you some stability. It either increases in value or holds its value. What's
00:19:28.140 happening right now instead is the 60-40 blend is getting decimated. It's getting absolutely shot
00:19:33.120 with both barrels, bonds on that chart, which I'm showing right there, year to date in principle down
00:19:39.360 22% on investment grade corporate. So let's talk about another real world ramification of this. If we
00:19:45.800 can go to chart number three on real estate, because of course, rising real estate is terrible for a lot
00:19:50.340 of parts of the economy, but most particularly for real estate. So these are REITs, real estate
00:19:55.260 investment trusts. And a lot of folks out there probably know of REITs, but they may not realize that
00:19:59.620 there's an ETF, an exchange traded fund of REITs. So in other words, this is a grouping of the
00:20:04.580 biggest REITs. So you're getting a lot of exposure here, mostly commercial and retail, not as much
00:20:09.420 residential. There is some residential in there, but it's mostly commercial and retail real estate
00:20:15.420 in the United States. The ticker is the IYR. And much like the LQD, this has been absolutely decimated,
00:20:23.280 particularly in the last few weeks where I drew that red arrow there down the line. The IYR
00:20:28.100 down 29% on the year, just liquidation right now in the REITs. These are the real world consequences
00:20:37.480 of Joe Biden's policies and the Fed dereliction of duty. That's all going to flow through the
00:20:43.460 economy to these financial capital markets. I want to be specific is that this shows you the
00:20:48.440 evisceration. Remember these, when he talks about investment grade and he talks about, you know,
00:20:53.340 buying into the REITs, that's for capital preservation. You don't think these things are going to be four
00:20:57.500 and five baggers as far as price increases, but you'd never think they're for capital preservation
00:21:02.720 and clip some coupons, right? Get some dividends, get some interest payments. You never think you
00:21:08.400 got to worry about the face amount, right? So these are capital preservation. That's eviscerated.
00:21:14.040 What Biden's doing now, and this is why I say we have an opportunity to destroy the Democratic Party
00:21:18.720 as a national political institution, because they're eviscerating a generation of people right here.
00:21:24.380 This is not going to be turned around in a week, okay? As much happy talk as you are,
00:21:28.620 it's not going to be turned around in a week. I also want to go, the 10-year treasury is almost
00:21:31.680 four. It's 3.9%. The two-year treasury is over four. Real quickly, Steve, before we go talk about
00:21:38.480 Georgia Maloney and Italy, talk to me about how that's going to roll through people's lives, 0.91
00:21:43.940 through their car loans, through their mortgages, through their credit cards, sir.
00:21:47.680 And it's well over four. And that's an inverted yield curve, which is very abnormal. Lately,
00:21:53.300 it's become the norm under Joe Biden, but historically, it's incredibly abnormal. In
00:21:57.660 other words, two-year interest rates are higher right now than 10-year. That is the opposite of
00:22:02.860 how things are supposed to operate. To put it in personal terms for folks to maybe understand it
00:22:06.720 better, if you walk into a bank and buy a certificate of deposit, if you give the bank your
00:22:10.420 money for only 60 days, you get a very tiny amount of interest rates. If you say, hey, I'll give you the
00:22:14.240 money for two years, you get more. That's a normal interest rate. That's a normal interest rate
00:22:18.760 curve. The curve is inverted now. It is the opposite of that, which was a big sign of a
00:22:24.300 recession, which we have been warning about for well more than a year on this show. And we're
00:22:28.260 proven right, even though the corporate media tries to pretend otherwise and tries to tell you
00:22:32.600 that two plus two doesn't equal four, and that two quarters of negative growth in a row don't equal
00:22:38.560 a recession. They do. That is the reality right now. But regarding more real-world
00:22:44.020 ramifications of interest rates rising, car loans, mortgages, student loans, I mean, everything.
00:22:49.600 And the whole world of loans is based off of 10-year treasury yield in the United States. That's sort
00:22:56.360 of the North Star of interest rates. So it rising this dramatically into a slowdown. I mean, I can't
00:23:02.440 emphasize that enough, Steve. Normally, if you were to see this kind of interest rate increase, it would
00:23:06.900 at least be because the economy is getting hot. Now, it still would be worrisome for interest rates to
00:23:11.040 rise this fast, okay? But what you have now is the opposite situation. You have interest rates
00:23:16.360 absolutely spiking with an economy that is plunging lower, with the lowest consumer confidence in the
00:23:23.620 history of the survey, University of Michigan, that goes all the way back to the 1950s, with PMI's
00:23:29.000 crashing, purchasing managers indexes crashing below 50 in the United States, and for that matter,
00:23:34.780 worldwide. And again, why? Let's get back to besides the Fed. Let's put them aside for a second.
00:23:38.620 Let's get back to the politicians who did this. Biden and Pelosi and Schumer, they did three
00:23:42.840 things. They attacked American energy, American domestic energy production, the energy renaissance
00:23:47.580 that was ushered in by Donald Trump. They went after it first thing. Secondly, absolute orgy,
00:23:52.380 exorbitant borrowing and spending in a country that was already doing too much borrowing and spending,
00:23:56.620 okay? And then the third thing, and this is crucial, is escalating what is a regional conflict in
00:24:01.220 the Black Sea, which should be economically pretty immaterial to the United States and the rest of the
00:24:05.340 world. They escalated that into a global conflagration with massive inflationary effects for
00:24:10.900 the world. So I also put a lot of the blame for global inflation on Joe Biden. Now, listen,
00:24:15.940 I care about America, and I want us to solve our problems for America. But I'm also very cognizant
00:24:21.180 and very aware that the reckless policies of Joe Biden and taking a leadership role in escalating that
00:24:27.460 conflict in Ukraine, he is also partly responsible for the economic damage that is being wrought around the
00:24:32.960 world. Oh, no doubt. Do we have that? Let's do the, uh, hang on, Steve. I want to get your comments
00:24:38.040 on Italy. Do we have the cold open for Maria Luisa Rossi Hawkins? Can we go ahead and play it? 0.95
00:24:43.320 Voters in Italy tomorrow appear poised to make a hard right turn. The woman expected to become 0.99
00:24:48.700 prime minister leads a party with roots in neo-fascism. The hallmarks of Italian fascism,
00:24:54.240 like this motto. God, fatherland, and family. A far-right political party whose roots go back
00:25:02.600 to post-World War II neo-fascist. Far-right political party whose roots go back to post-World
00:25:08.400 War II neo-fascists. Roots in Italy's post-war fascist movement. Roots in Italy's 20th century
00:25:14.220 neo-fascist movement. Maloney herself, uh, was a, a hardcore neo-fascist militant.
00:25:20.820 Stunning because of Italy's disastrous history, the last time a hard right party
00:25:25.160 rose to power. The most far-right government in that country since Mussolini. Most right-wing
00:25:31.740 government since Mussolini. Since Mussolini. A red flag, if there ever was one, says Edith
00:25:38.080 Brooke, a renowned poet and Holocaust survivor. Italy about to see the country's most right-wing
00:25:44.100 government since World War II. Most far-right. Far-right. Far-right. Government since World War II.
00:25:49.840 Since the end of World War II. Maloney's win will probably send alarm bells throughout Europe.
00:25:55.680 You know, it's alarming to a lot of people around Europe. Italy is revered for its history,
00:25:59.920 but not all of that history is beautiful. And many fear that one particularly ugly chapter
00:26:05.840 could soon repeat itself. Okay, welcome back. Uh, I want to bring in Maria Luisa Rossi. Uh, you see how 0.97
00:26:16.400 it's been played by the mainstream media throughout the world. Tell us what the reality is, ma'am,
00:26:20.500 before we go to break. Well, Steve, it's, it's laughable, it's risible, and it's, it's kind of scary
00:26:26.440 that the U.S. media would portray Georgia Maloney in such, uh, in such, in such a way. What's really
00:26:33.020 going on is that the people have spoken. The people of Italy in a democratic election, which we have not
00:26:39.100 seen in five years have decided for their own destiny. And the results of the election speak
00:26:44.460 loudly, speak for a win, an astonishing win by Georgia Maloney, independent thinker,
00:26:50.160 definitely a woman that has her roots in the conservative movement, but definitely 1.00
00:26:54.720 not a fascist. No one would even think of her as a fascist. The people have spoken against the
00:27:01.060 government of Mr. Draghi, because the win of Georgia Maloney and the win of the five-star movement,
00:27:05.740 are a demonstration of the fact that people really want to vote and think for themselves. And this is
00:27:12.280 exactly what they have done yesterday. What, what, before we go to break, what, what, what is it about
00:27:18.340 her, uh, motto, God, homeland, and family, that triggers the mainstream media, particularly in Europe, ma'am?
00:27:26.700 Well, I think the concept of, uh, patriotism, uh, Steve, is tied for the Italian left-wing
00:27:35.160 system. Now, these are the elections that declare the defeat of the left-wing, um, system, which is
00:27:43.200 also a corruption, uh, a network, a network of a corruption and a network of, uh, how can I say
00:27:49.780 this, a systemic, uh, systemic indulgence for the Italian government. So patriotism is trigger war.
00:27:56.240 It means taking care of one's own. Maria, hang on for one second. We're going to come right back,
00:28:02.520 uh, to talk about Italy and, uh, Georgia Maloney next.
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00:29:36.620 War Room Pandemic with Stephen K. Bannon. The epidemic is a demon and we cannot let this demon
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00:30:19.300 Maria Luisa, you would think that people would be touting that she's the first woman
00:30:22.980 to really win enough votes to actually put together an Italian government and to lead it.
00:30:29.560 But all I hear is that she's a fascist. This campaign for our American audience, how dirty was 1.00
00:30:35.500 it? How nasty was it? How much of the politics of personal destruction did she have to go through? 1.00
00:30:39.420 This was a short but very ugly campaign. It was a campaign of insults, personal insults towards
00:30:46.800 Georgia Maloney as a woman, as a neo-fascist or fascist, as the Italian media has described her, 0.66
00:30:53.200 and as the American media has decided to portray her, just reading one side of her personal history,
00:31:01.140 which is really a history of a 45-year-old young woman who was not born of privilege, who decided to
00:31:07.880 do everything by herself, and who took a party from 1.9% to 4.7% five years ago to 26% of the Italian
00:31:20.320 vote in a country that is dominated by left-wing activism. So Georgia Maloney not only is a patriot,
00:31:26.840 she's a hero, she's an independent thinker, and she's a very, very smart woman. Going back to your
00:31:33.260 suggestion and to your observation, Steve, her being the first woman leader just pretty much
00:31:38.960 was ignored by Italian media and by the U.S. media. But she is the first woman, and she's a
00:31:47.620 conservative to hopefully lead the country in the next few weeks. 0.72
00:31:52.440 When you say hopefully, are they going to allow her, since she dominated really Lega and dominated 0.94
00:31:58.920 Berlusconi's party, are they going to let her put together, is she going to get the nod to actually
00:32:03.180 get a chance to put together a government? Well, they can't but give her, the Italian 1.00
00:32:08.580 president Mattarella has to give her the assignment of leading or forming a coalition government because 0.86
00:32:15.840 her history and her success in these elections is so crushing that he can't but. But, you know,
00:32:23.100 in Italian politics, everything is possible and everything is feasible. But the people have spoken,
00:32:27.940 and she's been very careful, and she's been very gracious, and she's been quite analytical about
00:32:35.020 not speaking out. So, definitely, she has, she's working on what she needs to be doing in the next few
00:32:42.940 weeks. And number one on her list is just laying it low, and most of all, playing her cards just right. 0.55
00:32:52.100 Granted that she has the national popular vote. The center of our coalition, Steve crushed it. I mean,
00:32:58.640 they have majority in the Senate, majority in the chamber, and this with a limited amount of
00:33:04.780 representatives because the new electoral law presented the Italian public a new perspective,
00:33:11.760 less parliamentarian. So, it was tough. It was a tough result to obtain, and she did it. And she did it
00:33:17.680 by herself, going back to the nastiness, insults, personal insults to her, to her spouse, and to
00:33:25.520 her daughter. It was nasty. It was ugly. But she overcame it all.
00:33:30.280 And she did it on her own with no help and very gracious. That's what people should understand.
00:33:34.940 This is a rock of Gibraltar. Maria Luisa, you're the White House correspondent and really the U.S.
00:33:38.840 correspondent for Mediaset, the most powerful news organization in Italy. How do people get to you
00:33:44.080 on social media and follow you? Well, I am on Twitter, I am on Instagram, and of course, I'm on
00:33:50.340 Getter. Maria Luisa Rossi-Hawkins, thank you very much for joining us and updating us, ma'am.
00:33:57.240 Thank you, Steve. Let's go to Terry Schilling. Terry, you sent today and people have been putting
00:34:02.540 around, we actually did the cold open in this amazing video where she was talking to the,
00:34:06.500 I think, the Global Conference on the Family, and she got tremendous grief for even going to this.
00:34:10.580 Talk to us about what she said, what was so powerful for you, and the message
00:34:14.560 to the American people and to the American family, sir.
00:34:18.540 Well, Steve, she's going viral and it's gone way over 3 million. It's over 10 million views now.
00:34:24.960 But I want to read a quote from her speech. She says, and so they attack national identity. They
00:34:30.500 attack religious identity. They attack gender identity. They attack family identity. I can't 1.00
00:34:35.320 define myself as Italian, Christian, woman, mother. No. I must be citizen X, gender X, parent
00:34:41.380 one, parent two. I must be a number. Because when I am only a number, when I no longer have
00:34:46.360 an identity or roots, then I will be the perfect slave at the mercy of financial speculators,
00:34:51.660 the perfect consumer. She, in one two-minute speech, simplified everything down for why these
00:34:59.660 people are trying to abolish the family. And it's because it's who you are. It's a loyalty. It's
00:35:04.800 an allegiance to something outside the state. That's why these people want to destroy the
00:35:09.480 family. That's why they've worked hard to get the moms out of the home, to make it so you need 1.00
00:35:13.660 two incomes to support a family these days. That's why they're pushing all this cultural destruction
00:35:18.700 and rot against our kids to sexualize them. This is it. This is the state. This is the communists
00:35:25.080 trying to destroy the family because it's a threat to their power and their influence over us.
00:35:30.380 And it was the most beautiful thing. But the most beautiful thing about this is it's got over 10
00:35:35.160 million views on Twitter alone, right? People are hungry. The world is hungry for this type of truth.
00:35:42.580 They know something's wrong. They don't know exactly what. They don't know exactly why. But politicians
00:35:47.840 like Maloney stepping up and saying this stuff out loud, it's such a threat to their power because it
00:35:54.100 connects the dots and it awakens people like no other.
00:35:59.200 You've made the American family. You're saying it's kind of the centerpiece. I know Cortez has
00:36:02.480 worked on the economics of the American family. You're saying that's the unit that we have to build
00:36:06.960 MAGA around. What lessons, what is she telling us about how to fight this fight?
00:36:15.460 She's telling us that if you want a world that's worth living in, you have to defend the family as the
00:36:21.280 unit for organizing in society. The family is why you go to war and fight and defend your borders.
00:36:27.280 No one goes to war to defend a country where they're never going to have children that are 0.56
00:36:31.120 going to live there. That's why they want to destroy it. We have to get back at this. And see,
00:36:36.480 the other thing to bring up is the politics of the family are incredibly popular. Look at the
00:36:41.840 politicians in the Republican Party alone who are championing the family, who are actually going to
00:36:46.200 war against the powerful institutions in this country, like Disney. Ron DeSantis is getting
00:36:50.820 rewarded like crazy because he picked a fight over Disney grooming our kids, right? Donald Trump has
00:36:56.640 made the family the centerpiece of his campaign, and he's getting rewarded. The people that are
00:37:03.080 ignoring the family, that are ignoring these threats to our children, they're the ones that are
00:37:06.800 irrelevant. No one's talking about Greg Abbott actually running for president and having a chance.
00:37:11.080 And there's a reason for that, because he doesn't champion the family. You have to stand out. You
00:37:15.700 have to be bold. You have to work on this in your campaigns, your politics. Blake Masters, what are
00:37:20.780 the Democrats most afraid of about him? Because he talks about getting to where you can support a
00:37:25.500 family off of one income again. That's not what I'm saying. That's what Democrat strategists are
00:37:30.360 saying that makes them worried about this race in Arizona. It's getting back to the family. The
00:37:35.240 family's attractive. People want to support it. They just haven't had a vision. They haven't had any
00:37:40.000 politicians that have painted what we can do for the family and how we can rejuvenate the family in
00:37:45.100 America again. But this is the most powerful campaign platform you can run on, is rejuvenating
00:37:49.880 and restoring the American family. Terry, hang on one second. I want to bring in Steve Cortez. Steve,
00:37:54.360 we end up talking economics a lot, capital markets, and the tougher aspects of politics. But you've said
00:38:00.720 from day one, in working with Terry, the centerpiece of MAGA, the centerpiece of how to turn our economy
00:38:06.180 around and really get to the sunlit uplands to become the country we used to be is predicated
00:38:11.660 around the economics of the family. What is Maloney and what happened in Italy? What does it tell Steve
00:38:17.980 Cortez? Yes. Well, first, regarding that policy goal, which I really do believe is the holy grail
00:38:23.420 that we're going to reach again in the United States, the policy holy grail of the patriotic
00:38:28.220 populist movement is to allow a family to again thrive on a single income. That was the norm when I was
00:38:34.420 young in a very middle class suburb of Chicago, you didn't have to be wealthy to be able to support
00:38:38.980 a family of several children or many children, even send them to private schools and support that
00:38:44.180 family on a single income. It went away, Steve. It's one of the most consequential shifts in the history
00:38:49.300 of the United States. And we hardly even talk about it. That's changing now, thankfully, because of
00:38:53.300 candidates like Blake Masters, because of activists like Terry Schilling, and we lay out the economic
00:38:57.940 plan. How do we get back there? Because it's a place we belong. It's a place that patriotic populists all over the 0.91
00:39:03.660 world, though, recognize. I think what is so wonderful about this Maloney victory, and she, I hope, provides a
00:39:09.020 roadmap to emulate for American candidates in these closing weeks, how bold and brave they need to be. It's
00:39:15.560 really not an R versus D or right versus left matchup. In many ways, it is transcendence against
00:39:21.860 temporality. And what I mean by that on the temporal side is that the left, the establishment, the Davos crowd, the
00:39:28.140 corporatists, the globalists, they view us as purely temporal beings, as machines, effectively, who are to be
00:39:34.740 exploited for economic benefit. And that's it. Okay, we have a very different view on the patriotic
00:39:40.420 populace, right? We view human beings as being transcendent. And the things that give us transcendence
00:39:45.740 are things like God, patriotism, love of family, many children, grandchildren, right? That's why the left is so
00:39:53.080 offended that this brave and persuasive woman is willing to stand up and speak boldly about these
00:39:59.080 matters. So both in substance as well as in style, because she brings a panache the way only the 1.00
00:40:03.880 Italians can, Steve, but both in substance and in style, she is a politician to emulate. She is a model
00:40:09.840 for us to seek after. And she points the way to victory, not just in Italy, but also in the United
00:40:15.820 States. No, absolutely. Real quickly, when she says they just want to turn us into the perfect
00:40:22.180 consumer. Is that what you're saying? They just want to turn us into a unit of production and
00:40:26.400 consumer? Exactly. That you are simply a machine, right? You are void of a soul. And we are to use
00:40:31.780 you for maximum economic benefit, to maximize GDP. And if that means shipping your job off to China,
00:40:37.480 and then sort of bribing you with a bit of government largesse while you get hooked on drugs
00:40:41.520 that we allow in the country through an open border, well, so be it, GDP will grow, okay? That's
00:40:45.700 effectively the grand scheme of the globalists, of what the corporatists have gotten away with,
00:40:51.560 many of them, by the way, being Republicans. Some of the most pronounced one, the Bushes,
00:40:55.500 for example, the massive damage that that family has done to this country. And then also engaging
00:40:59.540 in war all over the world. You know, I could go on. But yes, that's what she's talking about,
00:41:03.260 I think, when she, I know, when she talks about how we are viewed as human beings by the left,
00:41:09.720 by the globalists, by the Davos crowd. She has a clearly very different view. She says very proudly
00:41:15.200 and boldly that she is a mother, she is a Christian, she is an Italian. So I want to implore all the
00:41:21.100 candidates out there in the United States in these coming weeks to speak similarly about who you are,
00:41:26.160 who your fellow citizens are, what matters in this country, why a border matters for that matter. I
00:41:31.340 mean, let's get specific about this. If you only view Americans as economic machines, then you're
00:41:36.920 fine with an open border, right? You really are, especially if you're already successful because
00:41:40.160 you want cheap labor to come in. But if you, if you view Americans as transcendent human beings,
00:41:45.680 right, with vital, eternal worth, and if you view American citizenship as something to be prized and
00:41:51.780 guarded, then you will never allow an open border. It's an impossibility, right? So that's, that's a 0.94
00:41:56.820 tangible example of where this, this transcendence versus temporality, I think, comes down to brass tax
00:42:02.260 and to actual policy application. So it's, listen, I think it's an astounding victory. I hope we have a
00:42:08.720 similar victory in Brazil. We already had such a victory in Sweden. Most importantly for us,
00:42:12.960 though, is what we do here on November 8th. But I, you know, let it power us, let it encourage us.
00:42:18.080 And again, let's borrow the best tactics of Georgia Maloney. And there's a lot there for us to emulate. 1.00
00:42:25.200 Steve, how do people get to your sub stack? How do they get to you on Getter?
00:42:28.920 Yeah, please go to my Getter and you can see the live stream that I just did. You can always replay.
00:42:32.460 So at Getter, I'm at Steve and please go to my sub stack and read my new article about the
00:42:37.640 clueless fad. You can also find me on Twitter at Cortez, Steve Cortez with an S.
00:42:42.800 Steve Cortez, thank you very much. Terry Schilling, how do people get to you? I know this has been
00:42:46.380 the centerpiece of what American Principles Project has been fighting for the American family.
00:42:51.460 How do people get to you?
00:42:53.740 It's just a Schilling 1776 across all the major platforms, Getter, True Social,
00:42:58.920 Twitter, Instagram, all that Schilling 1776.
00:43:03.500 Terry, I have you back because Media Matters is picking on you saying that Politico
00:43:07.380 and other people are are writing good things about you and you're actually one of the most
00:43:11.360 evil, worst people in the world because of these spots that you're making in these battleground
00:43:15.380 states. So we'll have you back on hopefully in the next day or two to discuss that.
00:43:18.780 Terry Schilling, American Principles Project.
00:43:20.860 OK, Tiffany Justice, Moms for Liberty, next.
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00:45:28.920 By the way, my crack staff has just informed me that the Georgia Maloney video has now 12.4 million
00:45:37.260 views. 12.4 million views. So she's speaking to her voice is resonating with someone. Tiffany,
00:45:44.340 before we get into the pledge and what Moms for Liberty are doing, talk to us about what are your 0.96
00:45:48.500 thoughts on Georgia Maloney? Georgia is speaking for every mother across this world who wants to have 1.00
00:45:56.420 their fundamental rights to direct the upbringing of their children respected and their families
00:46:01.220 respected and wants the government to stay out of our homes. We need a boundary. And that's what
00:46:05.620 Moms for Liberty is about. It's redrawing the boundary between government at home, between school
00:46:09.800 and home, giving respect and trust back to the people of your country. And I think that's why it's
00:46:14.740 resonating so much. And I'm very excited. I think there are going to be a lot of elected officials
00:46:20.340 across this country who embrace that. And we've started a parent pledge, Steve, that I'm so excited
00:46:25.800 that you have me on to talk about tonight so that elected officials and candidates can show their
00:46:30.920 constituents and American citizens exactly where they stand on these issues.
00:46:35.720 So let's go through the pledge. What is the pledge and what are you requiring of people
00:46:39.900 when they take it?
00:46:42.080 It's very simple. Parental rights are fundamental. And you've asked me what that means before,
00:46:47.020 and I'll just articulate that again. These are rights that the government does not give you,
00:46:51.320 and they cannot take them away. You have the fundamental right as a parent to direct the
00:46:55.580 upbringing of your child, their education, their medical, their medical welfare, their religious and
00:47:01.860 moral upbringing. So if you go to momsforliberty.org backslash pledge, you can see the parent pledge
00:47:07.680 right there. You can sign the pledge and share that you've signed it. Let every person in your
00:47:13.140 community know exactly that you stand with parents. Make the commitment to parents that you're going
00:47:18.080 to have their backs. You've seen Ron DeSantis do it in Florida. You see George Maloney all the way
00:47:23.280 in Italy doing it. And this is the way forward, Steve. The way forward is trusting the American
00:47:28.760 people. And, you know, America wouldn't have been the same if that's not what we did. And it's about
00:47:32.560 time we start putting our money where our amount is as elected officials.
00:47:35.280 So you've had people like DeSantis and others step up here with this Parents Rights Movement. But when
00:47:41.640 they take the pledge, what would be going through a politician's mind? What are Moms for Liberty? 1.00
00:47:47.760 What are you really looking for when they sign the pledge?
00:47:51.380 We want every decision that they make in the school district or in the county commission or their
00:47:55.820 town council to put parents and children first. During COVID, we saw bureaucrats and elected officials
00:48:02.500 put children last in this country. Never again will American parents ever vote for people that will
00:48:08.820 make those types of decisions. And this is one way that you can show your constituents, that you can
00:48:13.120 show American citizens where you stand on parental rights, that you're going to put every decision
00:48:17.760 that you make through the lens of fundamental parental rights, that the government does not have the right
00:48:23.180 to raise your children. You know, I always say we will partner with our kids' schools, but we do not
00:48:28.260 co-parent with the government. What we hope, Steve, will happen from that pledge, if you go to that
00:48:33.560 page, then you will see some resolutions. These are proclamations that you as an elected official
00:48:38.600 can bring forward on whatever board you serve on. There are 15 there for every state that has
00:48:44.200 fundamental parental rights recognized in their state statute. And then there's another resolution
00:48:49.020 for the other 35 states. Go there, take a look at it, bring it forward. If you're elected, bring it forward
00:48:54.520 in your elected body that you serve on and make that commitment to parents. We hope to create a
00:48:59.480 groundswell of parental rights, a cry for parental rights around the country. And these midterms are
00:49:05.480 so incredibly important because Americans are going to have the chance to vote for people who are going
00:49:10.300 to put kids and parents and families first in America again. How is this going to get promulgated?
00:49:17.080 I mean, how are politicians going to know this? Are you going to, is your group going to make sure
00:49:21.480 they go to their comms directors as every, like everybody running for Congress, everybody running
00:49:25.480 for the state legislature, everybody running for school board, you'll make sure that everybody
00:49:29.700 gets this. How do you ensure that? So we are in 42 states now. We have over 240 chapters and all of
00:49:36.500 our chapters are going around in their state and they're making sure that every elected official is
00:49:41.120 aware of the opportunity to sign the pledge. And then they're going to be publicizing who is signing
00:49:45.320 the pledge that again, people know who the parent pick is. We know for American citizens, it's been
00:49:50.840 difficult to know who to vote for. And especially in a lot of these school board races, these are
00:49:54.980 nonpartisan races. So who do you vote for? How do you know? One of the ways that you can show
00:49:59.800 that you stand for parental rights is to take this pledge. And so we hope that everyone will take it
00:50:05.220 from school board members to representatives and Senate members in the state and state house and state
00:50:10.820 Senate, and then all the way up to the federal government. And we'd love to see a president take
00:50:14.840 this pledge. Although I don't know that Joe Biden could take it. He might have to cross his fingers
00:50:19.200 behind his back these days. Well, this pledge would go, Democrats, I mean, how are they going to sign
00:50:25.480 this? Because this puts them in, with the teachers unions, correct? The teachers unions would be very
00:50:32.040 opposed to people signing this pledge. Isn't that shocking though? I mean, parents are the number one
00:50:37.540 driver of student success. So if schools really want kids to be successful in school, they should be
00:50:42.780 rolling out the red carpet for parents, working to engage them in every facet. So it just leads me to
00:50:47.880 believe that exactly what I've seen is true, even serving as a school board member, that teachers
00:50:53.160 unions don't care about kids. Public education has become a jobs program. And decisions are made at
00:50:58.420 every level in public education about what is best for adults, not what is best for kids. And so,
00:51:04.380 you know, we hope to weed people out. Listen, if you're a Democrat, if you're a Republican,
00:51:07.860 and you feel led to take this pledge, and you're going to stand by it, then you should do that.
00:51:12.000 And then in every action that you take in your district, in your community, we are going to remind you
00:51:17.880 that you have pledged to recognize and respect fundamental parental rights to work to prevent
00:51:22.860 government overreach and to create more transparency in children's education and lives for parents.
00:51:29.380 By the way, I want to make sure I want to keep you over to the six o'clock hour because it's going
00:51:33.400 to take a little longer than 60 seconds to answer this question. And we got to bounce. What is this
00:51:39.100 situation? I keep reading the libraries that Moms for Liberty are nothing but the book burners, 1.00
00:51:44.380 that you're trying to ban books and burn books. Tee it up and then we'll finish it at the top of the
00:51:49.420 next hour. What's the situation with the libraries and the library books? And are you book burners?
00:51:55.120 Are you trying to ban books? No, but it does seem like when book sales are slow, people invent a
00:52:01.220 scandal in order to get media attention. What we've seen is a week of a banned book week, as it was called,
00:52:08.040 where you had articles written, things said that were completely untrue, and it is very concerning.
00:52:13.400 And what we're finding out is that media outlets, including Newsweek, didn't do any
00:52:17.780 fact checking. So in 21 minutes... Hang on, I want to get to the details of that because it's very
00:52:22.920 important. We've also, we're going to take a short break. We're going to come back. We're going to go
00:52:26.700 to, Tiffany's going to finish about the libraries and the book, you know, this book banning. We've
00:52:31.780 also got some very disturbing news out of Chattanooga, Tennessee, about the situation with the
00:52:37.100 drag queens. We're going to take a short break. We'll be back in just a moment in War Room Battleground. 0.99
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