Episode 2224： We Are Plummeting Due To The Regimes Zero Percent Interest Rate Policy; The Doors To Transhumanism Are Open
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Summary
In this episode, we talk about: - Coronavirus outbreak in China - Fed Chair Yellen's testimony to the Committee for the Nation's Creditors (Creditors) - Bernie Sanders' 2020 campaign - How much money is left in the Federal Reserve? - How bad is the financial crisis? - What's the worst that can happen to the economy? - Why the debt crisis is worse than anyone could have ever imagined and much more!
Transcript
00:00:00.000
Well, the virus has now killed more than 100 people in China, and new cases have been confirmed
00:00:04.740
around the world. So you don't want to frighten the American public. France and South Korea have
00:00:09.240
also got evacuation plans. But you need to prepare for and assume. Broadly warning Americans to avoid
00:00:15.700
all non-essential travel to China. That this is going to be a real serious problem. France,
00:00:20.500
Australia, Canada, the U.S., Singapore, Cambodia, Vietnam, the list goes on. Health officials are
00:00:25.300
investigating more than 100 possible cases in the U.S. Germany, a man has contracted the virus.
00:00:31.980
The epidemic is a demon, and we cannot let this demon hide. Japan, where a bus driver contracted
00:00:37.920
the virus. Coronavirus has killed more than 100 people there and infected more than 4,500.
00:00:44.600
We have to prepare for the worst, always. Because if you don't, then the worst happens.
00:00:49.540
War Room. Pandemic. Here's your host, Stephen K. Bannon.
00:00:57.120
Okay, it's Thursday, 13 October, year of early 2022. We're talking to the creditors committee
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for the nation. That would be the bankrupt United States of America. You know, Janet Yellen is,
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and by the way, like I said, you have financial capitulation and you have media narrative
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capitulation. Now, we're not close to financial capitulation yet. That's still going to come.
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That's downrange when the Kramers and all this buy-the-dip guys get completely wiped out.
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And we're going to talk to Brett about that in a second. And I'm going to bring Baris in. You had
00:01:31.080
this morning on Morning Mika the beginning of narrative capitulation. They understand they made a
00:01:37.480
terrible, terrible, terrible bet. In the process, they destroyed the Democratic Party as a national
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political institution. They bet on this radical modern monetary theory, climate change, the net
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zero carbon, got to get everybody off and just take our energy away. January 6th, the end of democracy,
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throw in Ukraine war, the mask, the vaccines, and let's top it off with abortion. That's their
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package. Okay. That package is not working for them. And they know it. They know it. And particularly
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J6, which the last, the big days today, the last big day, the hearing, Washington's vacated,
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the Capitol's vacated, everybody's out in the hustings. They understand how bad it is because
00:02:18.580
we're expanding the battlefield in deep blue states, in a deep blue districts that Biden quote
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unquote won by, uh, you know, 10, 12, 14 points. Alex de Gras came on the show a month ago and walked
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through exactly what was going to happen. Okay. Barris is going to be here in a second. I got to
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go back to remember those of the, you that are old enough to remember, remember 2008, remember the
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collapse there. Remember how it changed your lives. Remember how everything looked like we were looking
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into an abyss. That was a credit crisis brought on by these geniuses on wall street, right? It was a
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credit crisis. Um, and the one we're facing now is that to the 10th degree. And the reason is we never
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solved for that one. All we did was blow up the balance sheet of the federal reserve, print free
00:03:08.080
money, give it to the wealthy, have a concentration of, of assets in this country. 0.5% of the nation
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owns more than the bottom 90%. And that would include the middle class 90%. So that's what we've
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done. That's what we've accomplished. And now we're looking at when they say structural changes
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or Jamie Dimon says, yeah, I think we're going to have a credit crisis. You're going to have a
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liquidity. When I talk about liquidity, Janet, Janet and Ellen saying, we have a liquidity problem in
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the treasury market. That means the crap is not selling. That's what she means. There's no money
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coming in. Nobody wants to buy it. And if they're going to buy it, they're going to have to jack up
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rates. And all that's going to do is put the burden on your children and grandchildren. But right now it's
00:03:49.960
going to flow through to your credit card, to your mortgage, to your, uh, to your, uh, uh, you know,
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your car payment. This is why repos are up so much. All of it. Dave, Brett, you're the first one to say,
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Hey, I think, and Brett said this three weeks ago, I said, I think we ought to start paying attention
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because I understand that, you know, it's backed by the full faith and credit. Remember that dollar
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bill, when they talk about the debt scene, we get into all these huge fights we're going to have
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in the lame duck. Cause Pelosi in these crooks on Capitol Hill, they're going to try to do so much
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in the lame duck. The lame ducks are going to be insane over Thanksgiving and Christmas. You're going to see
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the most insane stuff you've ever seen in life. Cause they're being thrown at, you understand
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the type of victory you could have as Baris is going to talk about, they're not going to be back
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in power in the Capitol Hill in 10 years, in 10 years. Cause the cycle in 2024 for the Senate,
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it's even better for us. We're going to take the house by 40 or 50 seats. The gap in the, in the house,
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we can have 260 to 160. You're going to have the AOCs of the world are going to be just the rump.
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They're going to be a rump democratic party. Okay. They're going to own these college towns and these,
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these super blue districts in Manhattan. Right. And that's it. Nothing else. No political power.
00:05:01.400
They're going to be treated by like an afterthought. Get out of here. We don't even want to hear what
00:05:03.880
you got to say. Not marking up a bill. He's not talking about anything. Go run up to MSNBC and
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yammer to them, but no power. They're out of power for a decade, out of power for a decade. Okay.
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So they're going to try to do everything on this lame duck that you haven't seen for your head's
00:05:17.760
going to blow up every day. We're going to be on here. Another huge fight.
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So that's why, and it's all about spending. They're going to want to pay off their donors.
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They're going to pay off their corporate clients. They're going to play. That's the whole scam.
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They're going to try to pay off everybody. Just like they paid off. That was the mansion thing.
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Mansion's thing. He came out of nowhere. Oh, Joe mansion. He's okay. He's good behind the scenes.
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They understand they're going to lose the Senate. He's smart enough. Oh, West Virginia guy. He
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understands West by God, Virginia. He says, I got to pay off my donors. Got to pay off my corporate
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lobbyists. I got to pay it all off. That's where that whole bill came up. Cause they understand
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it's their last guaranteed payday. Understand what November 8th is. And for mansion, it's a pretty
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good bet. Cause they're going to lose the Senate. Bears are going to tell you about that.
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But what we're hurtling towards, cause you can't cover it up anymore. And that's why you're the
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creditors committee. You're you've got the political leverage to actually force changes. And we need a
00:06:11.660
forcing function, right? Every time you look at war and what's my for, but the forcing function is the
00:06:16.840
debt ceiling. We're just knows this, the debt ceiling we've talked about. This is the debt
00:06:20.740
ceiling. They need your agreement to increase it. And they can't, there are every argument in the
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world. This is all money has been spent. You guys, the full faith, you are the full faith and credit
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of that dollar bill. You are the full faith and credit of the government. You, you, the American
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people, and particularly the working class and middle-class company, you are the full faith and credit
00:06:44.580
you. And what are they trying to do? They're going to try to flood the zone. You've had 18 months in a
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row of negative real wages. You know what their solution is? What we need to do is really crush
00:06:56.120
wages. We really need to crush the working class. We really need to crush the middle-class. Let's
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send tens of thousands of people to every embassy in the world, start printing up visas today. Let's
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open the border even more. Let's do it over our dead body. Creditors committee already said,
00:07:12.880
here's our vote in the credits committee. Wait for it. Wait for it. Wait for it. That, okay?
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That's not happening. So come up with plan B, Steve Leisman and the cheerleaders. You people are a joke
00:07:24.280
and you're disgusting. You've gotten this thing so wrong. Leisman today is sitting there with a
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professor from Wharton. Hey, you know, I got this theory and it's all better. And can't you,
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can't you show me, I can see that, can't you show me the numbers? It's better because I'm a cheerleader
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for the Biden, radical Biden regime. The professor, no, there's actually nothing,
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there's nothing positive here. It's terrible for next two or three years, Steve.
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Dave Brett, we've never actually been to this position because we've kicked the can down the
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road, quite frankly. We kicked the can down the road, but now we can't kick it anymore.
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Can't kick it anymore. Judgment day is coming, not November 8th. Judgment day is coming about what we
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do with the economy and the finances of this nation. And this audience is going to make the decision.
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So where are we heading on this, on the, on the sovereign debt crisis? Those words,
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a sovereign debt crisis of the United States of America, sir.
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Yeah, well, you teed up most of it. I mean, markets look forward and we've had a 0%
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interest rate regime. So everyone made long bets because they bet on the continued Greenspan put,
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the continued free money and the free pizza party at the expense of the American people.
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And so then you start making bad bets. And so you went over, you know, you covered 07, 08. Back then
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we had derivatives and the housing bubble and that financial crisis thought we would learn.
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But now you're hearing the same terms, right? And we already had a sovereign debt crisis. Our
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Lehman moment on the global level happened in England last week. Their, you know, exchequer had
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to come in and bail out their long bonds in England. Why? Because their bonds and their pension funds,
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these boring things were invested in derivatives. Those two are not supposed to go together.
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That's why we're going to have a Lehman moment over here too, right? Now the rates are up. The Fed's
00:09:19.940
got to jack rates again. Hang on, hang on, hang on. Well, let me explain this to the audience,
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particularly people who are not used to these terms because you've got to get used to these
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terms. This is like the pandemic. The audience, you're going to have to learn this. For those of
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you who are not, the situation of saving the pension, the Bank of England got involved because
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Liz Truss, this idiot, came out with a plan that's ridiculous about a massive tax cut when you
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can't have, when they can't pay for what they got. You got to have, you got to have spending cuts and
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unleash energy. Once you do that, then you can talk about marginal tax cuts. When you figure out
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how to pay for it. When the bot, when the pension, when the bonds are dropping, here's what it exposed.
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The pension funds were high, had margin calls. But what's the pension funds got a margin call for?
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The pension fund and margin call, not just some traditional things they do to hedge their bets as they
00:10:06.960
should to protect your investments. Everybody's got that to some small degree. No, they were having
00:10:13.280
margin calls. They were leveraged to the hilt because with negative, with zero interest rates,
00:10:17.920
they're trying to juice the returns by putting massive leverage on it. You know what this means?
00:10:22.600
That if they hadn't stepped in there, people that had worked 10, 20, 30, 40 years expecting this
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pension, boom, it's gone. It's zero. And what Dave, what Steve, what, what Rick Santelli was saying
00:10:35.400
this morning about these derivatives is the exact same thing. BlackRock and Blackstone and Van Gogh,
00:10:41.780
you had no earthly idea, just like in 2008. We had no earthly idea about the derivatives. They
00:10:47.820
had no earthly idea about the commercial paper market. Remember, you woke up on that money when
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Lehman went into bankruptcy. It's like, who cares? Lehman's some investment bank in New York. I don't
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care. I'm going to work. Well, you cared by Thursday when they went into the Oval Office and said to
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Bush, we need a trillion dollars by the close of business or the American capital markets are going
00:11:06.980
to collapse. And everybody in this audience that was an adult then understands how your life changed,
00:11:12.620
right? How we had essentially a lost decade of economic growth for you personally, right? This
00:11:18.620
is to the 10th power of that. What they're talking about structural changes. You've got so much stuff
00:11:23.280
buried in here that nobody knows about that's still unregulated, right? That all these big shots
00:11:28.080
on Wall Street and CNBC and Fox business, they're talking this, they're talking that.
00:11:31.760
They understand Armageddon's coming, right? Because as the interest rates go up, what has
00:11:37.740
been structurally a zero interest rate world, it all changes. You see it changes in your own world?
00:11:43.820
Pull your credit card thing out today and look at what the credit card rates are. Check out what
00:11:48.180
your car loan is going to be. Try to go get a mortgage right now, right? Try to go get it.
00:11:53.200
This is, and it's only going to get worse. And this was brought to you by the party of Wall Street,
00:11:59.700
Davos, the Uniparty, the 19 Republican senators that voted for that American Recovery Act. They're
00:12:05.680
just as guilty as the Democrats. Okay. And I understand we got to win. We've got to get across
00:12:11.940
the goal line. We'll fight this, but man, this is going to be a fight this time. Once again,
00:12:16.900
MAGA and this audience, you are not just on the creditors committee. You're the chairman of the
00:12:21.360
creditors committee. And we're going to go to war on this thing. We're going to go to war. They're not
00:12:25.700
going to screw the American people anymore. You've been screwed enough. Okay. This is your
00:12:31.080
great awakening. There's a spiritual awakening. There's also an awakening of how the world works.
00:12:35.720
Okay. And I'll tell you how it works on a day with the worst inflation print in the history of this
00:12:41.100
nation. CNBC and those guys sat there. You know what their solution is? Hey, look at what the
00:12:45.660
economists say. Look what the board of governors of the feds. You got to look at the details. You know,
00:12:48.940
the details are what the thing immigration, what we need to do is send tens of thousands of people.
00:12:54.620
We need to hire them today to go to embassies to start printing immediately, to start printing
00:12:59.860
the visas, right? That's not illegal immigration. Let the Southern border, not going to do anything
00:13:04.440
on the Southern border. Let that all come in and crush the Hispanic and African American,
00:13:07.580
the working class, the lowest level there of the entry-level jobs. Let them crush that. But we
00:13:12.400
need to crush the middle class. We need to crush the kids coming out of school. We need some
00:13:16.080
competition. You've only had 18 consecutive months of your wages dropping. I got a solution.
00:13:21.400
Let's destroy it more. That's reality. And if you're prepared to accept it, if anybody under 35,
00:13:29.700
if you've got a bigger issue, a social justice warrior, CRT abortion, it's a free country. Vote
00:13:35.500
how you think and how you feel, but understand this warning. Your economic life is done. Okay. You're
00:13:43.360
never going to catch up on where your parents are. It's just the math doesn't work out. Okay. The math
00:13:49.300
doesn't work out. And if you need to, I'll take an episode and walk you through the math. Dave,
00:13:53.120
Brett, any closing thoughts before we let you go back to your day job at Liberty?
00:13:57.100
I just wanted to add on what you were just saying for the next generation. We haven't even added,
00:14:02.100
right? The debt's only 31 trillion, right? That's about 150% of GDP. Then we got unfunded
00:14:08.800
liabilities, Medicare, social security, all that on top of that, where that's $150 trillion.
00:14:14.100
And if you think that's bad, China's debt is 300% GDP.
00:14:20.180
Hang on. Well, I'm going to bring you back. We're going to go through the math. The math
00:14:23.840
is so bad. I don't want to have people jumping out of buildings right now. I got to have,
00:14:26.960
I got to have my creditors committee. It's got to be tough. We'll walk you through. Brett,
00:14:33.960
Yep. Brett Economics. Thanks for the great show.
00:14:37.480
Thank you, brother. Okay. We got Posobiec talking about oil in the Middle East. Jack Posobiec's
00:14:43.800
got, I don't know, maybe not a perfect conversation. Remember President Trump's
00:14:47.840
perfect call to Zelensky, got him impeached. I think there was a not so perfect call to
00:14:56.660
You know what's never good? When your nation's supposed authority on economic policy completely
00:15:05.960
misses the flashing red lights of impending inflation. Now, Treasury Secretary Janet Yellen
00:15:12.140
has finally admitted, quote, there's been an unanticipated and large shocks to the economy
00:15:17.360
that have boosted energy and food prices and supply bottlenecks that affected our economy badly
00:15:22.860
that I didn't, at the time, fully understand, end quote. You know who understands the real threat
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Well, the virus has now killed more than 100 people in China, and new cases have been confirmed
00:16:29.580
around the world. So you don't want to frighten the American public. France and South Korea have
00:16:34.080
also got evacuation plans. But you need to prepare for and assume. Broadly warning Americans to avoid
00:16:40.540
all non-essential travel to China. That this is going to be a real serious problem. France,
00:16:45.320
Australia, Canada, the U.S., Singapore, Cambodia, Vietnam, the list goes on. Health officials are
00:16:50.120
investigating more than 100 possible cases in the U.S. Germany. A man has contracted the virus.
00:16:56.820
The epidemic is a demon, and we cannot let this demon hide. Japan, where a bus driver contracted
00:17:02.760
the virus. Coronavirus has killed more than 100 people there and infected more than 4,500.
00:17:09.460
We have to prepare for the worst, always. Because if you don't, and the worst happens.
00:17:14.460
War Room. Pandemic. Here's your host, Stephen K. Bannon.
00:17:20.260
Okay, it's Thursday, 13 October, year of early 2022. We're talking to the creditors committee
00:17:26.560
for the nation. That would be the bankrupt United States of America. Janet Yellen is,
00:17:33.120
and by the way, like I said, you have financial capitulation and you have media narrative
00:17:38.880
capitulation. Now, we're not close to financial capitulation yet. That's still going to come.
00:17:44.680
That's down, downrange. When the, the Kramers and all this buy the dip guys get completely
00:17:50.020
wiped out. And we're going to talk to Brett about that in a second. But, and I'm going to
00:17:54.540
bring Barris in. You had this morning on Morning Mika, the beginning of narrative capitulation.
00:18:00.840
They understand they made a terrible, terrible, terrible bet. In the process, they destroyed
00:18:06.780
the Democratic Party as a national political institution. They bet on, they bet on this radical
00:18:13.440
modern monetary theory, climate change, you know, the net zero carbon, got to get everybody
00:18:18.000
off and just take our energy away. January 6th, the end of democracy, throw in Ukraine war,
00:18:25.200
the mask, the vaccines, and let's top it off with abortion. That, that's their package. Okay.
00:18:30.220
That package is not working for them. And they know it. They know it. And particularly J6,
00:18:35.300
which the last, the big days today, the last big day, the hearing, Washington's vacated,
00:18:40.120
the Capitol's vacated, everybody's out in the hustings. They understand how bad it is
00:18:43.260
because we're expanding the battlefield in deep blue states, in a deep blue districts that Biden
00:18:49.960
quote unquote won by, uh, you know, 10, 12, 14 points. Alex Degrass came on the show a month ago
00:18:57.460
and walked you through exactly what was going to happen. Okay. Barris is going to be here in a
00:19:01.860
second. I got to go back to remember those of the, you that are old enough to remember,
00:19:08.160
remember 2008, remember the collapse there. Remember how it changed your lives. Remember how
00:19:12.700
everything looked like we were looking into an abyss. That was a credit crisis brought on by these
00:19:17.440
geniuses on wall street, right? It was a credit crisis. Um, and the one we're facing now is that
00:19:24.620
to the 10th degree. And the reason is we never solved for that one. All we did was blow up the
00:19:30.580
balance sheet of the federal reserve, print free money, give it to the wealthy, have a concentration
00:19:36.560
of, of assets in this country. 0.5% of the nation owns more than the bottom 90%. And that would
00:19:44.040
include the middle class 90%. So that's what we've done. That's what we've accomplished. And now we're
00:19:50.020
looking at when they say structural changes or Jamie Dimon says, yeah, I think we're going to have a
00:19:54.100
credit crisis. You're going to have a liquidity. When I talk about liquidity, Janet, Janet Allen saying,
00:19:58.080
we have a liquidity problem in the treasury market. That means the crap is not selling.
00:20:03.880
That's what she means. There's no money coming in. Nobody wants to buy it. And if they're going to
00:20:07.700
buy it, they're going to have to jack up rates. And all that's going to do is put the burden on your
00:20:11.960
children and grandchildren. But right now it's going to flow through to your credit card, to your mortgage,
00:20:18.260
to your, uh, to your, uh, uh, you know, your car payment. This is why repos are up so much.
00:20:24.180
All of it. Dave, Brett, you're the first one to say, Hey, I think, and Brett said this three weeks
00:20:29.180
ago, I said, I think we ought to start paying attention because I understand that, you know,
00:20:34.120
it's backed by the full faith and credit. Remember that dollar bear, when they talk about the debt
00:20:38.360
scene, we get into all these huge fights we're going to have in the lame duck. Cause Pelosi in
00:20:42.860
these crooks on Capitol Hill, they're going to try to do so much in the lame duck. The lame ducks are going
00:20:47.240
to be insane over Thanksgiving and Christmas. You're going to see the most insane stuff you've ever seen in life
00:20:53.260
because they're being thrown at. You understand the type of victory you could have is bears is going
00:20:57.060
to talk about. They're not going to be back in power in the Capitol Hill in 10 years, in 10 years
00:21:02.880
because the cycle in 2024 for the Senate is even better for us. We're going to take the house by
00:21:07.500
40 or 56. The gap in the, in the house, we could have 260 to 160. You're going to have the AOCs of the
00:21:14.700
world are going to be just the rump. They're going to be a rump democratic party. Okay. They're going to
00:21:18.620
own these college towns and these, these super blue districts in Manhattan. Right. And that's it.
00:21:24.880
Nothing else. No political power. They're going to be treated by like an afterthought. Get out of
00:21:27.880
here. We don't even want to hear what you got to say. Not marking up a bill. It's not talking about
00:21:30.820
anything. Go run up to MSNBC and yammer to them, but no power. They're out of power for a decade,
00:21:36.800
out of power for a decade. Okay. So they're going to try to do everything on this lame duck that you
00:21:41.420
haven't seen for your head's going to blow up every day. We're going to be on here. Another huge fight.
00:21:44.920
So that's why, and it's all about spending. They're going to want to pay off their donors.
00:21:50.380
They're going to pay off their corporate clients. They're going to play. That's the whole scam.
00:21:53.580
They're going to try to pay off everybody. Just like they paid off. That was the mansion thing.
00:21:57.220
Mansion's thing came out of nowhere. Oh, Joe mansion. He's okay. He's good behind the scenes.
00:22:01.500
They understand they're going to lose the Senate. He's smart enough. Oh, West Virginia guy. He
00:22:05.000
understands West by God, Virginia. He says, I got to pay off my donors. Got to pay off my corporate
00:22:09.880
lobbyists. I got to pay it all off. That's where that whole bill came up. Cause they understand
00:22:13.760
it's their last guaranteed payday. Understand what November 8th is. And for mansion, it's
00:22:19.260
a pretty good bet. Cause they're going to lose the Senate. Bears are going to tell you about
00:22:21.780
that, but what we're hurtling towards, cause you can't cover it up anymore. And that's why
00:22:27.600
you're the creditors committee. You're you've got the political leverage to actually force
00:22:35.360
changes. And we need a forcing function, right? Every time you look at war and what's my
00:22:40.160
for, but the forcing function is the debt ceiling. Reuters knows this, the debt ceiling
00:22:44.460
we've talked about this, the debt ceiling. They need your agreement to increase it. And
00:22:50.140
they can't, there are every argument in the world. This is all money has been spent. You
00:22:53.840
guys, the full faith, you are the full faith and credit of that dollar bill. You are the
00:23:00.400
full faith and credit of the government. You, you, the American people, and particularly
00:23:05.880
the working class, the middle-class company, you are the full faith and credit you. And what are
00:23:11.380
they trying to do? They're going to try to flood the zone. You've had 18 months in a row
00:23:15.780
of negative real wages. You know what their solution is? What we need to do is really crush
00:23:20.960
wages. We really need to crush the working class. We really need to crush the middle-class. Let's
00:23:26.280
send tens of thousands of people to every embassy in the world, start printing up visas today.
00:23:30.180
Let's open the border even more. Let's do it over our dead body. Creditors committee
00:23:37.260
already said, here's our vote in the credit committee. Wait for it. Wait for it. Wait
00:23:40.640
for it. That, okay. That's not happening. So come up with plan B, Steve Leisman and the
00:23:46.760
cheerleaders. You people are a joke and you're disgusting. You've gotten this thing so wrong.
00:23:51.940
Leisman today sitting there with a professor from Wharton. Hey, you know, I got this theory
00:23:55.880
and it's all better. And can't you, can't you show me, I can see that. Can't you show
00:23:59.780
me the numbers? It's better because I'm a cheerleader for the Biden, radical Biden regime.
00:24:02.960
The professor, no, there's actually nothing. There's nothing positive here. It's terrible
00:24:08.100
for next two or three years, Steve. Dave Brat, we've never actually been to this position
00:24:16.380
because we've kicked the can down the road. Quite frankly, we kicked the can down the road,
00:24:19.820
but now we can't kick it anymore. Can't kick it anymore. Judgment day is coming, not November
00:24:24.920
8th. Judgment day is coming about what we do with the economy and the finances of this
00:24:30.580
nation. And this audience is going to make the decision. So where are we heading on this,
00:24:35.580
on the, on the sovereign debt crisis? Those words, a sovereign debt crisis of the United
00:24:41.960
States of America, sir. Yeah, well, you teed up most of it. I mean, markets look forward and
00:24:49.840
we've had a 0% interest rate regime. So everyone made long bets because they, they bet on the
00:24:57.280
continued Greenspan put, the continued free money and the free pizza party at the expense
00:25:02.280
of the American people. And so then you start making bad bets. And so you went over, you know,
00:25:07.160
you covered 07, 08. Back then we had derivatives and the housing bubble and that financial crisis
00:25:11.940
thought we would learn. But now you're hearing the same terms, right? And we already had a sovereign
00:25:17.040
debt crisis. Our Lehman moment on the global level happened in England last week. Their,
00:25:23.480
you know, ex-checker had to come in and bail out their long bonds in England. Why? Because their bonds
00:25:30.920
and their pension funds, these boring things were invested in derivatives that those two are not
00:25:38.180
supposed to go together. That's why we're going to have a Lehman moment over here too. Right now,
00:25:43.600
the rates are up. The Fed's got to jack rates again. Hang on, hang on, hang on. Well, let me
00:25:48.520
explain this to the audience, particularly people are not used to these terms because you've got to
00:25:51.700
get used to these terms. This is like the pandemic. You're the audience. You're going to have to learn
00:25:56.480
this for those of you not. The situation of saving the pension, the Bank of England got involved
00:26:02.680
because Liz Trust, this idiot came out with a plan that's ridiculous about a massive tax cut when you
00:26:10.300
can't have, when they can't pay for what they got. You got to have, you got to have spending cuts and
00:26:13.600
unleash energy. Once you do that, then you can talk about marginal tax cuts when you figure out
00:26:18.040
how to pay for it. When the bond, when the pension, when the bonds are dropping, here's what it exposed.
00:26:22.800
The pension funds were high, had margin calls. What's a pension fund's got a margin call for?
00:26:28.020
The pension fund had a margin call, not just on traditional things they do to hedge their bets as
00:26:31.640
they should to protect your investments. Everybody's got that to some small degree. No,
00:26:36.800
they were having margin calls. They were leveraged to the hilt because with negative,
00:26:41.660
with zero interest rates, they're trying to juice the returns by putting massive leverage on it.
00:26:46.160
You know what this means? That if they hadn't stepped in there, people that had worked 10,
00:26:51.140
20, 30, 40 years expecting this pension, boom, it's gone. It's zero. And what Dave, what Steve,
00:26:58.600
what Rick Santelli was saying this morning about these derivatives is the exact same thing.
00:27:03.420
BlackRock and Blackstone and Van Gogh. You had no earthly idea, just like in 2008. We had no
00:27:11.280
earthly idea about the derivatives. They had no earthly idea about the commercial paper market. Remember,
00:27:15.640
you woke up on that money when Lehman went into bankruptcy. It's like, who cares? Lehman
00:27:18.780
some investment bank in New York. I don't care. I'm going to work. Well, you cared by Thursday
00:27:23.920
when they went into the Oval Office and said to Bush, we need a trillion dollars by the close of business
00:27:29.040
are the American capital markets are going to collapse. And everybody in this audience that
00:27:34.560
was an adult then understands how your life changed, right? How we had essentially a lost
00:27:39.660
decade of economic growth for you personally, right? This is to the 10th power of that.
00:27:45.580
What they're talking about structural changes. You've got so much stuff buried in here that nobody
00:27:49.460
knows about that's still unregulated, right? That all these big shots on Wall Street and CNBC and
00:27:54.520
Fox Business, they're talking this, they're talking that. They understand Armageddon's coming,
00:27:59.740
right? Because as the interest rates go up, what has been structurally a zero interest rate world,
00:28:05.100
it all changes. You see how it changes in your own world? Pull your credit card thing out today and
00:28:10.240
look at what the credit card rates are. Check out what your car loan is going to be. Try to go get a
00:28:14.740
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00:29:45.880
Yeah, and you know, Jen, we were talking about last hour. Things that matter to us,
00:29:55.260
Preserving Madisonian democracy. They matter to Americans. But if you, if your grocery bills or
00:30:04.520
prices are just absolutely exploding and they keep exploding.
00:30:08.880
Health insurance doubling for a lot of Americans.
00:30:12.660
Rent exploding. If you're a young couple, you can't buy a house.
00:30:18.480
The housing market's insane. Interest rates through the roof.
00:30:22.200
Suddenly, these issues that we're arguing about, that we're discussing, that do matter to the future
00:30:29.340
of American democracy, they're not quite so immediate in voters' minds, are they?
00:30:33.760
Yeah, I mean, I think people may feel like, I'm not sure that I can afford to care about democracy.
00:30:38.640
I'm not sure that, you know, I can afford to care about these issues that are really,
00:30:42.800
that are otherwise very much on people's minds, like abortion and, depending on what state you live in,
00:30:47.660
whether or not democracy is really under threat.
00:30:51.440
This is, by the way, the operant word there, the buried lead, is suddenly?
00:30:59.060
No, we've told you this now for a year and a half.
00:31:02.840
This is, but what the reality is, you forced a narrative and you led the Democratic Party,
00:31:09.600
the radicals of the Democratic Party, believed in your softball and what you did to coddle them,
00:31:21.240
She understands it's going to be catastrophic and you're going to get blamed.
00:31:25.240
Suddenly, they said, I can't afford, I can't, it's a democracy, I can't afford it.
00:31:29.800
No, we believe in democracy because we're going to have a sweeping victory.
00:31:34.180
That's what happened in the 1930s, the Dark Valley of the 1930s.
00:31:37.420
This is why MAGA is going to be head of the Creditors Committee.
00:31:41.500
What's going to keep this country together, what Cortez says in the social unrest,
00:31:47.260
what's going to keep this country together is you, this audience, you, you.
00:31:52.000
Working class and middle class people that put their country first or their community first.
00:31:59.620
She had that bad, bad, bad, bad, bad Christian nationalists.
00:32:06.760
Morning Mika, what you missed is not a small miss.
00:32:10.940
Anybody that had a real economy immediate would blow you guys out tomorrow morning.
00:32:18.060
Do you see the carnage that you've led the country to and the Democratic Party?
00:32:26.160
I'm bringing in Richard Barris, who was with us in the cold, chilly 3 November of 2020.
00:32:30.820
For those of you that followed us back then, remember that.
00:32:33.400
Remember our coverage up there on the roof overlooking the Capitol.
00:32:37.000
Richard Barris was our guy, our go-to guy on polling.
00:32:39.460
Richard, give us an update on where we stand right now on the building red tsunami, sir, and the impact these numbers are going to have on it.
00:32:46.820
I just – I got to just say real quick, and thanks for having me as always, Steve.
00:32:50.520
I just – the suddenly, as if they're pretending as if this just happened yesterday or last month.
00:32:56.740
So this was a year ago in last year's holiday season when I came on this show and we had polling numbers from people telling us they couldn't afford a steak at the grocery store if they could find it.
00:33:08.760
That the price of eggs and bread was just screaming through the roof and they were wondering what, you know, and Sam L was going on.
00:33:16.660
To pretend like this just happened is unbelievable to me.
00:33:20.420
But they bet the farm on it, and now they're – you reap what you sow, Steve.
00:33:29.480
And in the races that we chose to really track because we thought that they would tell us the most about how this election was going to go, it's going in the wrong direction for Democrats.
00:33:41.920
Adam Laxalt, when we first started, had a tiny little lead, and now he looks like he's starting to pull away a little bit.
00:33:49.660
We were the first ones to show Ron Johnson in the lead, but even Marquette now has Ron Johnson up by six points, Steve.
00:33:56.460
So Walker, they threw the kitchen sink at this guy in Georgia, and he's down by one if you're lucky.
00:34:08.420
What Barris did in this way – because you do big data polling, and I want to thank L. Todd Wood and the great team over at Creative Destroyer and CD Media for supporting you, and you're also doing it on your own.
00:34:18.520
So here's what the audience has got to understand.
00:34:20.500
He does big – he does a different type of polling, big data polling.
00:34:24.100
His – he was coming out a month ago, five weeks ago, six weeks ago, and then right after Labor Day with some of these Senate races and some of where these states go and some of the issues set.
00:34:33.560
Seeing – and none of the colleges or none of the – you know, the Emersons and Marquettes, they're kind of hanging back.
00:34:38.600
Now, all of a sudden, they got themselves some old-time religion, okay, because you're seeing Marquette.
00:34:45.520
The Wisconsin situation, Barris was there first, took a lot of arrows because, remember, the guy running and thing, he is the poster boy for the populist left.
00:34:58.600
He's a populist on the left, and he was going to be – and Ron Johnson's all messed up.
00:35:02.240
They got him on vaccines and mask and all this stuff, and January 6th, he's a bad guy.
00:35:10.120
Now, Marquette, wait for it, yesterday, oops, up six.
00:35:15.000
One of the leads – I think on Yahoo News had an AP story.
00:35:25.440
Go around the country where you – Nevada is another perfect example.
00:35:33.380
And all of these states, when we first came out with these numbers weeks ago saying, look, you know, the Republican has a lead, we were telling people two things.
00:35:40.460
Look at who is still undecided, some college and below.
00:35:44.700
And the main problem that Mika and all of them really didn't see coming is that they thought they were going to win college-educated voters by big margins forever.
00:35:55.240
But those who are remaining undecided, those four-year degrees, are actually starting to tighten.
00:36:00.380
Only postgrads are going for Democrats pretty heavily and considerably at this point.
00:36:05.460
Everybody else is really starting to tighten at the four-year college degree level.
00:36:10.440
But anything below that is a blowout margin in Nevada for Adam Laxalt and Joe Lombardo, by the way, right now.
00:36:17.160
He's taken a nice few-point lead, but that's how these states work.
00:36:22.300
And again, the only, you know, chunk of the electorate that still is undecided is that working-class vote.
00:36:32.080
And in fact, I think, you know, with lower turnout, the Republicans would win these races anyway.
00:36:36.680
But if they did come out and vote, some of these races would be over pretty quickly.
00:36:40.960
Arizona – I mean, Kerry Lake's pulling away over there.
00:36:53.420
There's a story out that I got up in my gutter.
00:36:56.140
Thiel and McConnell came together and said we're coming in for $10 million on Blake Masters.
00:37:02.320
That's because Blake's a good guy and running a tough campaign.
00:37:04.420
But trust me, ladies and gentlemen, because Kerry Lake – Katie Hobbs is hiding in bathrooms from the Project Veritas.
00:37:17.720
She'll get 10 percent of the vote, 20 percent of the vote.
00:37:19.680
In Arizona with the tough issues, forget your politics and your ideology.
00:37:26.760
You've got Metro – Phoenix has the highest inflation in the nation.
00:37:31.260
You need a hammer as governor and she's hiding in the bathroom.
00:37:37.720
She won't get on a debate stage with Kerry Lake.
00:37:40.420
Kerry Lake's pulling away and the draft is picking up Blake Masters.
00:37:46.240
Blake Masters is going to win this because of the Kerry Lake phenomena.
00:37:49.780
Just tell people right now, where are you going to be in – where can we look forward to next week?
00:37:54.840
Where are you going to go into the field and what are we going to hear?
00:37:57.080
People are very concerned about Georgia, New Hampshire, Pennsylvania.
00:38:03.980
We were thinking that we were going to do Ohio, but I really – I just tell people, look at the polls in Ohio.
00:38:10.700
I think Vance is obviously going to win that race.
00:38:15.880
But other than that, it's Wisconsin again, Pennsylvania again, and may do Nevada again.
00:38:21.920
But I'm telling you, Steve, that lead for Laxalt looks solid to me.
00:38:27.900
He had like nine polls where he has a consecutive lead.
00:38:33.600
And Pennsylvania and Georgia are the other two that we want to add to this league.
00:38:42.660
Social media, but particularly where they go to actually the site itself and find out more about you.
00:38:50.200
They can scroll down and check out the public polling project.
00:38:53.480
But always follow me at the – our home base is localspeoplespundit.locals.com.
00:39:09.240
Now, the two things that have to happen, we have to get them to the polls to vote, and we have to secure that vote.
00:39:22.840
The 10 other people in your life, they own 10, but we have to do massively.
00:39:36.060
If you want to be the head of the creditors committee, if you want to be the head of the table making decisions,
00:39:40.780
we have to have a sweeping victory that breaks the back of the Democratic Party as a national political institution.
00:39:48.700
One o'clock today, they're going to be up there with a little democracy J6.
00:39:51.820
Hey, baby, we're going to give you democracy, a big old democracy suppository.
00:39:57.660
Matt Brainerd, tell us how we're doing in your project, sir.
00:40:03.660
We're making progress with the War Room Posse in securing the election.
00:40:07.660
We've had over 329 people sign up whom we've shared data with to challenge likely illegal voters that are currently on the list.
00:40:16.020
And we've gotten promising feedback already in Douglas, Nevada, in Clark County, Nevada, in Pasco, Florida, and the entire state of North Carolina.
00:40:24.780
We've got a very big team there working to make sure that no ballots are cast by people who are not entitled to vote in those states.
00:40:32.240
To summarize what we're doing, we took the voter list of nine pivotal states and evaluated the active voters, those who are currently allowed to vote, and compared it to the U.S. Postal Service National Change of Address database.
00:40:44.260
In fact, the Postal Service did the match for us to show who permanently moved out of these states and is therefore, in almost all cases, no longer entitled to vote.
00:40:53.900
So this process for the War Room Posse who've signed up and are active is three steps.
00:40:59.320
Number one is to work with both the state and the local county board of elections to show them this and say, look, these people deserve additional scrutiny.
00:41:08.620
In cases where they are issued ballots, we're letting the posse know whenever somebody has issued a ballot that is on our list to challenge that ballot directly.
00:41:17.500
And then the third step is probably the most important but the most difficult, and that is that after this election, we need everybody that's involved with this project to become citizen lobbyists and make sure their state officials know they're issued in changes.
00:41:31.280
Hold on, hold on, hold on, hold on, hold on, hold on, hold on.
00:41:35.720
Yes, we've got to have a citizen lobbyist army to do that, but I only care about between now and the 8th.
00:41:42.240
When you say challenge, walk me through challenge because I know the media matters.
00:41:47.300
Here they are, these fascists, these Nazis, these – it's going to be – what's the article in the USA Today?
00:41:56.520
All these MAGA people are going to be gun-toting and challenging me.
00:41:59.780
What do you mean challenge at the – what do you mean challenge the ballots, sir?
00:42:06.920
It's been an opportunity to make sure that the votes are secure.
00:42:10.640
It's been going back at least 100 years, if not to the beginning of the country, when democracy happened.
00:42:14.680
If somebody passed a ballot who's not entitled to, any citizen who's a resident of that county is entitled to challenge it.
00:42:20.920
Now, the challenge doesn't mean the person can't vote or that their ballot is kicked out or anything like that.
00:42:25.880
All it does is prompt the municipality or the state to apply an additional level of scrutiny to ensure that voter is really entitled to cast that ballot.
00:42:34.680
I've successfully personally challenged ballots before from people who do not live in the municipality.
00:42:42.560
Nobody is really at risk of losing a true right to vote here.
00:42:46.460
And the media likes to scare people saying, oh, we're going to cast people's ballots out.
00:42:50.300
Nobody who challenges a ballot unilaterally gets to disqualify someone from voting.
00:42:55.040
It's just a prompt for the county to apply a little additional scrutiny just to make sure that person truly is entitled to vote.
00:43:02.240
And it goes a long way to making sure that only people who are entitled to vote are casting ballots and having them counted.
00:43:07.780
Matt, I need thousands of posse to hit this today.
00:43:16.000
Anybody who signs up today in any of those nine states, which are Arizona, Florida, Georgia, North Carolina, Nevada, Ohio, Pennsylvania, Virginia, Wisconsin.
00:43:24.880
If you sign up today, we'll have the data and guidance in your hand tonight to take part in this project.
00:43:39.160
Transhumanism comes to the Senate race in the Commonwealth of Pennsylvania next.
00:43:46.200
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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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He took money from his parents deep into middle age when he decided finally what he would like
00:45:32.400
to do with the rest of his life, which is to be the U.S. senator from Pennsylvania.
00:45:36.520
The problem is fate intervened and he can now no longer speak.
00:45:39.820
He had a bad stroke and we feel bad about that.
00:45:43.760
But because of that stroke, Fetterman now needs electronic assistance in order to communicate
00:45:49.440
Fetterman uses a software program to understand the words of those around him and to formulate
00:45:59.820
Now, to be perfectly clear, this software is not a hearing aid.
00:46:03.460
Instead, this program takes words and then rearranges them into language that John Fetterman
00:46:09.100
can understand because his brain can no longer do that for him.
00:46:19.460
Here you have one of the most famous politicians in the country merging with a computer.
00:46:28.400
But for everyone else, for the voters of Pennsylvania, for example, it does raise some
00:46:32.520
For example, where exactly does the software end and John Fetterman's consciousness begin?
00:46:42.860
But it's obvious that Pennsylvania could very well be sending a computer program
00:46:46.780
to the U.S. Senate, where inevitably it will be hacked.
00:46:57.180
I thought it was totally unsatisfactory that NBC was way too much coach pitch, right?
00:47:02.140
The young reporter, though, got blown up by the left of how hard she was, how she'd asked
00:47:06.320
Let me be blunt to people in the Commonwealth of Pennsylvania.
00:47:08.640
You've got a guy who's had a massive stroke, who will not release his medical records because
00:47:14.380
the medical records will show how bad the stroke is.
00:47:24.240
And I don't know why Oz's team has agreed to actually do the debate with the man-merger
00:47:33.780
So if you want to send a computer program to Washington, D.C., that's what you're voting
00:47:38.860
And everybody in the Commonwealth has to understand that.
00:47:41.600
This guy is massively mentally impaired because of the stroke.
00:47:51.520
Well, Steve, I'm always happy to hear Tucker Carlson utter the word transhumanism.
00:47:56.880
You've got the point he's making is that transhumanism desires to have the human-machine
00:48:04.820
They elevate the human-machine merger as a virtue.
00:48:08.700
Now, we didn't put in the clip, but Tucker goes on to say, is that a lot of the critics
00:48:13.980
have brought up the terms ableism and equity to describe Fetterman's condition, that people
00:48:20.740
who don't want to have someone who relies on computers to translate what a normal brain
00:48:27.320
would be able to understand, they're using the term ableism because it is a wedge to get
00:48:35.200
people to sympathize and to basically give him a free pass.
00:48:42.380
This is the sort of thing you should expect to see.
00:48:44.740
But transhumanists make this argument all the time.
00:48:47.560
They talk about how, for instance, Neil Harbison in the UK, who has the antenna, the sort of
00:48:53.400
anglerfish antenna attached to his head so that he can feel vibrations to kind of see color.
00:48:59.480
He got a UK passport that prints cyborg as his ethnicity because it's an equity issue or
00:49:09.340
It's one of two ways that transhumanism is normalized.
00:49:15.900
You start with things that are considered to be remedies for a disability, and then you
00:49:27.340
In this case, what we see is they're pulling the sympathy card.
00:49:33.380
John Fetterman is, in fact, our first real official cyborg candidate.
00:49:39.200
Yeah, no, it's a merger of a man and a machine.
00:49:49.040
NBC should have never agreed to the terms of that interview, even if not doing it.
00:49:54.200
You know, because you're letting your I realize people said you wouldn't have seen the merger
00:50:03.940
You know, I think another issue that you have here is that there should be at least a minimum
00:50:13.420
And I think that, you know, that pretty much disqualifies half or more of all the politicians
00:50:19.160
But they're using his disability, his cognitive inability as a sort of virtue, as a shield from
00:50:27.860
You know, I think once you have Joe Biden become the first celebrity endorsement of
00:50:33.060
the Neuralink, that's when we know we've gone full transhumanist.
00:50:45.740
You've had the merger of the people have not been keeping up with this over the last
00:50:56.840
Here's my point, Transhuman Media Matters, other guys will blow us up.
00:50:59.900
These experiments in these taxpayer funded universities and taxpayer funded DARPA and
00:51:10.680
Their stuff, you think the bad stuff is going to come unearthed in the credit markets and
00:51:15.520
in your pension fund of these derivative securities surprises about how your pension fund may be worth
00:51:29.120
You see exactly what they're doing on transhumanism and these experiments, because this is like
00:51:38.420
The unwashed cannot possibly go and ask any questions about what's going on.
00:51:43.420
There are going to be a lot of questions because the credit credit committee is going to have
00:51:46.640
a side hustle to that side hustle is setting things.
00:51:50.920
Joe Allen, how do people get to you for your writings and everything that you do on transhumanism
00:51:57.980
Go to Gitter or Twitter at J-O-B-O-T-X-Y-Z or JoeBot.X-Y-Z or WarRoom.org.
00:52:06.900
Got an article coming out about brain organoids playing Kong and also the brain organoids
00:52:13.700
used with rat brains in order to allow them to become more cognitively effective.
00:52:25.760
From five to seven at night, it's going to be, you think it was on fire this morning?
00:52:30.500
And we're going to have even a broader canvas to paint on the FBI, what's going on overseas.
00:52:36.480
And, of course, politics, economics, all of it in the War Room.
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