Episode 2225: We Are Going To Experience Years Of Entrenched Inflation; FBI Raids And Arrests Pro Life Father Of 11
Episode Stats
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Summary
In this episode, we're joined by Golden Gloves Boxing Champion, Cara Castanova, and Gateway Pundit's Peter Della Penna, to talk about her campaign for the state assembly in New York and why she's running for re-election. We also hear from Democratic challenger Letitia James and Republican challenger Lee Zeldin.
Transcript
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And as a Golden Gloves champion fighting out of Elmont, I've spent my life running these streets.
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Now with the rise in violent crime, I don't feel so safe anymore.
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I want to stay here in New York to fight for me, my family, my friends, the people I care about, for my district and community.
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When I go to the assembly, I'm going to fight for our safety.
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When I go to the assembly, I'll fight to get rid of dangerous cashless bail.
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Better equip emergency services and fight for community programs that will empower at-risk youth and women to fend for themselves.
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Vote for me, Cara Castanova, to represent you in Albany.
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Because there's nobody better to fight for this community.
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Vote for me on November 8th, because with me in our corner, we can't lose.
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It's Thursday, 13 October, in the year of our Lord, 2022.
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And we thought we'd start off with one at Golden Gloves.
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And also from Gateway Pundit, Cara Castanova, there's not a better fighter.
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Cara, tell us about your election, this fight, the campaign.
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When you're running for state assembly in New York,
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all we're hearing is that Zeldin's in a dead heat, Henry's in a dead heat.
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There's nine congressional districts that are in play now.
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In fact, Alex de Grasse is going to be on tomorrow.
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That New York may be ready to flip red in MAGA.
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And I'm talking to people every day in the streets, knocking on doors.
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People are sick and tired of the progressive Democrats that are running New York state and
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And a lot of people are on the same page with that.
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So I do think that we have a really good chance.
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And I think that it's more, you know, we make sure that everybody comes out to vote.
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And we always say, bring 10 people out to vote.
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So New York is going to have a big red wave this year.
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Cara, you know, today in the capital markets, we're on Philip Patrick from Birch Gold on
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We spent almost an hour of the morning show just going through the economy, capital markets,
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But I got to tell you, I gave a speech in New York last week.
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When I talked to New Yorkers, what stuns me is as bad as the economy is and as bad as
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it's going to get, all they want to talk about is crime.
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I mean, crime is an obsession now with New Yorkers.
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What has happened in a city that's the greatest city in the world, in an area of the country
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that's one of the most important parts of the United States?
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It's the criminal justice reform and the cashless bail and taking discretion away from judges
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that has put dangerous criminals on the street.
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If you don't feel safe going on, taking the train, taking the subway, driving into the
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So that is the number one issue that voters are concerned with in New York.
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Besides the quest of living in inflation, the biggest thing that's driving voters, I
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And a lot of people were saying it was going to be abortion.
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But I don't even think that that's even on people's radar like the Democrats thought
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It's just crime, crime, crime, community safety, refunding the police, taking care of
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police officers and everything that will keep New York safe.
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That's why I think this year there's going to be a big red.
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Kara, I get this every time you're on and when you've got your video and other things
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refer to Gateway Pundit, you're a Golden Gloves boxer.
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Tell people you look like a movie star or a TV, a primetime TV host.
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How do you do that and be a Golden Gloves boxer?
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I have taken many shots upside the head, but I did have realized at the beginning that
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I really learned how to work on defense and be a counterpuncher, which I think is really
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But yes, I did take a lot of shots to the head, but thank God it didn't affect my face.
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And I don't think it affected my brains either, Steve.
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By the way, I will tell you, the best counterpuncher I ever met was Donald Trump in situations like
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One more time, you're running for the state assembly in 22.
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Just give our audience, before we get your social media and your website, tell us about
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My opponent is an incumbent Democrat, but it's not that tough this year.
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She has a bill in the health committee she's trying to pass right now where kids will actually
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be able to get medical procedures like vaccinations and hormone therapy without their parental
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So this is something they're trying to pass after November, something that everybody should
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be aware of, trying to pass legislation that will push for sexual education in kindergarten.
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Parents are infuriated, and we've been educating people that this is a Democrat agenda.
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So this is the type of person I'm running against, and I think people are finally waking
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up and seeing what's going on and seeing that it's the Democrats that are pushing all these
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liberal policies in New York that absolutely nobody agrees with, and that includes moderate
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Just need the public support and help and contributions to my campaign.
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People could find me on Tara, A-R-A for assembly, and donate on WinRed so we could get out some
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last-minute social media ads, push my video, push my social media.
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Please donate because every contribution counts to getting these progressive Democrats out of
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office here in New York and around the country.
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There's one party rule, and we have to get rid of it.
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So I've raised money before for everybody that I could think of, including helping Jim
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Hoffman, the Gateway Pundit, raise over $2 million for January 6th patriots that are in
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So I'm just asking the audience to help me get elected so that I can help fight for your
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freedom and call out all these Democrats, these crazy bills that they're trying to get
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passed here in New York that are anti-freedom, that are tyrannical, and that are jeopardized
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Before I let you go, because you're a trusted reporter at Gateway and a trusted
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news source here at the War Room, you're saying, in your mind, New York's in play right
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Congressional seats, the governorship, attorney general, lieutenant governor, across the board,
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And everybody, Lee Zeldin is pulling really well.
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And Anthony Esposito, for the congressional seat near me, is pulling.
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And like I said, I think that a lot of Democrats, if they're going to stay home this year or
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they're going to vote red, they're going to make this year an exception because they realize
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that I think everybody's self-preserving in the end.
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And when their safety is at risk and when they're seeing break-ins and robberies and
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shootings and muggings and rapes, there comes a point when they're like, enough is enough.
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So I think this year is going to be a special year.
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And just, you know, like I said, Kathy Hochul is not motivating any voters to get out there
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Kara, thank you very much for joining us and fight on.
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Great way to start the show with the Bursa Energy.
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We're going to go from New York now to the great state of Arizona.
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One of the races that has them in full meltdown is the Secretary of State races, whether it's
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Marchant in Nevada, Christine Caramo in Michigan.
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But the one, I think it gets them the most upset of all those.
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And trust me, Christina and Marchant get them upset.
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Of course, all the other secretaries, it's got to be Fincham because of how the big steal
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Mark, and I want to thank the team over at Media Matters.
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Remember, when Media Matters race these pieces, the left loves them because it's all hate.
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Even the governorships and the attorney generals, the left is not melting down like they are of
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you guys in the coalition and particularly you, Marchant and Caramo in Michigan.
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In fact, I think the thing that has them in full meltdown mode is we have we've been
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We are going to hold people accountable to a just follow the law.
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Now, the BBC, when they interviewed me here a couple of months ago, they said, why is it
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I said, well, perhaps it's because I'm going to hold people accountable to follow the law.
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And like a babe in the woods, you said, well, why would that scare people?
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Well, OK, the obvious answer is you're not following the law and you're about to be found
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CNN has us at three points ahead of Adrian Fontes.
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I think the truth is probably somewhere in the middle, except I'm hearing from a lot of
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people who are saying I'm not answering polls truthfully because 87,000 IRS agents and the
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fact that the media is in bed with the government.
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There's no doubt that there's a the Trump factor in the polls.
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Even with polls, we have to get out and deliver the vote.
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And here's what I'm very concerned about because I'm hearing this all over.
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Carrie Lake is so dynamic and so powerful and running such a great grassroots campaign.
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And a lot of people come to me saying, hey, Whitmer's not really running against Tudor
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Hobbs is not really running against Carrie Lake.
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It's because they feel like they got it already.
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What are you doing and what is the team out there doing to make sure that this is not stolen?
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The reason Arizona reason BBC is out there and CBS News is out there and other people are
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And then the whole firefight that we've had in Arizona for two years that makes Arizona
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But right now, what are you guys doing to make sure they don't steal this again?
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Well, we've fully employed the Dan Schultz program and growing the number of PCs.
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We've got folks who have got a computer software background who are now they're engaging, fully
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We've got somebody who observed their their primary after action report, which was filled
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They failed on every deliverable installation, training, logistics, operations, final reports,
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chain of custody and the after action report submitted by Pima County election officials.
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The recorder's office and the county administrator reveal a lack of analysis of system failure,
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lack of statutory knowledge and weak solutions to pick all fix all the errors that arose and
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This is an observer who is calling them out for massive failures in what they have attempted
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So we now have not only citizen activists, but individuals who are taking ownership of
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So whether the recorders behave themselves or not in the two biggest counties, Pima and
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Maricopa, we now have deployed a massive number of PCs.
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That's the genius of the Dan Schultz work that he's done.
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I want everybody to go to precinctstrategy.com.
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You can find out everywhere in the nation what your precinct is.
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But as importantly, also go to your county, get online.
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What you got to do is you and you want, you're going to want to do it because in this
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big sweep, second world war two, you want to talk about what you did in the war.
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You want to talk about what you did, what room counting room you're in, what poll you're
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They're running around with groups like Fieldworks to try to send a bunch of college kids to
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The precinct strategy, Dan Schultz, Steve Stern, that crowd, they are just maniacal and
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One more time, Mark, what's the status of the race?
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Is that I'm sure he's not going to debate you anymore because both times you've blown
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Katie Hobbs is hiding in bathrooms and PBS is changing the rules because they don't want
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to have Hobbs under no such circumstances wants to stand on the stage with the great
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Well, they can go to votefinchum.com and click on news.
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But here's here's the extent to which they're terrified.
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They actually deployed 60 minutes here to do an interview.
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The important piece is they took the interview because I know that they are going to continue
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Now, they're going to say, oh, you didn't have evidence that the Secretary of State and
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the Attorney General have said, no, there's no there there.
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Really, we've got violations of state statutes that are provable within the records of the
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So for them to make that claim is absolutely outrageous.
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And it's an attempt to try and steamroll this populist movement.
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They're going to observe, observe, report, report.
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And I'm very pleased to see so many individuals being involved.
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And I think the important piece is it's not just Republicans.
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It's individuals who identify now not as a Republican or as a Democrat, but as an independent.
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A third of the voters in the state of Arizona are independents.
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And they are coming out of the woodwork right now saying, I want to help.
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I want to I want to be a part of the solution set that has got these people scared to death.
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And this is what you motivate people one more time.
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What what's the site they go to for the campaign?
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And they can click on the news tab for all the interviews and all the information that
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we're putting out because it's there's even more of what's going to be coming out in
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You know, it's never good when your nation's supposed authority.
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on economic policy completely misses the flashing red lights of impending inflation.
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Now, Treasury Secretary Janet Yellen has finally admitted, quote, there's been an unanticipated
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and large shocks to the economy that have boosted energy and food prices and supply bottlenecks
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that affected our economy badly that I didn't at the time fully understand.
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00:15:31.640
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The epidemic is a demon and we cannot let this demon hide.
00:16:39.240
OK, we start this morning's show with Mike Lindell down with Samaritan's Purse, Franklin
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Graham's group in Fort Myers, Florida, there to give blankets and pillows and biblical pillows
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to the folks that have been hit by that horrific hurricane, Ian.
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Mike Lindell was supposed to join us this afternoon, couldn't work it out.
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He's traveling around helping people, doing philanthropic work.
00:17:02.860
Make sure you go to MyPillow.com, promo code War Room.
00:17:09.700
When you go to your square, you get it all because home shopping and the home shopping channels
00:17:20.300
Why? Because of voter integrity, what he's been doing.
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When we get this sweeping victory on November 8th and secure the victory so we close this
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time, part of that hat tip has got to go to Mike Lindell and the great work Mike Lindell's
00:17:37.260
OK, so when we left you today, remember overnight, it was 290 points up.
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I think today was 700 points down after the worst inflation print ever.
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It's the biggest swing, I think, on one day swing in the history of the New York Stock
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And I've had to reach out to the great guys of Birch Gold and bring in Philip Patrick.
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These guys, these trading desks right now, given this horrible print, do not believe
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that Powell and the guys of the Fed are going to have the stones to be Paul Volcker.
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And the next thing is basically the first of November.
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It's a couple of days for the midterm elections.
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They believe that that would put Biden out of business, although he's already out of business.
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I think long term, they know that the Fed are going to have to get aggressive with rates.
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But I think the markets now are under the impression that the Fed are going to try and
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So obviously, we've seen a reprieve in the markets today.
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To see a swing like that at a time like this, it's just bananas.
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CPI numbers today, I don't know if you've covered already, but really, really bad news.
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The concerning part, though, core inflation was up 0.3%.
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So core inflation is everything outside of food and energy, right?
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Everything from BMWs to batteries, that's all up.
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Then you look at food and energy, food prices up 11.2%.
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So the only meaningful decline in inflation came on the back of a reduction in energy prices,
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And the markets now are doing what they do, right?
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They're watching the political landscape, seeing the opportunity.
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And like you said, I think they think Powell's going to be a little bit more dovish until after
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Then I think the Fed are going to have to get much more aggressive.
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But being dovish just means you're going to exacerbate the inflation problem.
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The other thing that came out today, you see on CNBC, Bloomberg, et cetera, it's not
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They're actually saying this is going to take now several years to work through.
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The inflation is so – not in the core, just in the services too.
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By the way, go to birchgold.com slash Bannon to get the second phase, the end of the
00:20:20.640
Part two is the decline of the dollar as a prime reserve currency.
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We need everybody in this audience up to speed.
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We're going to come out with a third edition after the election, after the midterms.
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But this is – and we told you this morning, you're the creditor's committee.
00:20:39.860
You've got to get up to speed on what it means to be on a creditor's committee.
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I tell you, and this is – I want to play this.
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We're combining Bloomberg from the other day plus CNBC, but two – I think it's
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Julie Abramowitz and CNBC, right, and the best guy at CNBC from the Chicago pits.
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I want to combine those two about pension funds and then bring back Philip Patrick from
00:21:08.740
Because basically this is him trying to explain a policy that at its core is a paradox, both
00:21:14.500
addressing financial stability, allowing some sort of easing, unwinding of positions that
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are untenable in the current regime, while also fighting inflation using very similar
00:21:27.920
I can see why they're very, very sensitive about the concept of fiscal dominance right
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I can see why they are – almost immediately the questions were asked at the Bank of England,
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will they accommodate what this government is going to do?
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And when they first came up with the guilt market operation, they were accused of just
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that, pandering, accommodating what fiscal policymakers have decided to do.
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So I think it's really, really difficult for them to do now.
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And I think that's why we're seeing the kind of language, the approach that we've seen
00:21:56.580
The sense I get from him and the way he spoke yesterday just sounded like a man who was
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very, very sensitive to the idea that they might be contributing to so-called fiscal
00:22:04.900
There is an argument that for decades, central banks helped offset a lack of action from fiscal
00:22:10.360
policymakers, a lack of action from Washington, D.C.
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And this is a question now of can the central banks pull back and stop giving the fiscal
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policymakers a pass and risk financial instability and risk perhaps disrupting things to such
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an extent that imperils the basic functionings of a capitalistic society?
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And this is going to become an increasing debate in the months.
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There's something that's a sea of derivatives out there that have all these similar adjustments
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and tweaks that need to be made almost on a daily basis.
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And I see that we haven't heard or seen any major explosions, but they're out there.
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See, the point here is, is that all these structural issues that we are discussing, they're real and
00:23:03.480
Well, probably because of the 07, 08, 09 credit crisis.
00:23:08.020
Well, everybody's going to tell you because of greedy bankers, but that's not really the
00:23:17.140
The government left a lot of raw meat around and they ate it.
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The point here is many of these structural issues we created ourselves.
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Remember, we had 18 to 20 trillion dollars of negative securities around the globe.
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They knew that if you're a pension fund, for example, if you're a pension entity, you have
00:23:40.660
When interest rates are negative, how can you possibly make a balance between your asset
00:23:49.100
Right now, we don't give a financial advice on this.
00:23:51.940
We always tell you to go talk to the guys at Birch Gold to get all the information.
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But I do tell everybody right now, if you have a financial advisor, you ought to sit down with
00:24:02.680
them in a room and say, let me walk through this for a second.
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If you do it yourself and you're in a 401k plan, pension fund, you ought to get to the
00:24:11.360
By the way, she and Santelli should win the Nobel Prize, not Bernanke.
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There's more sense in what that young woman said and what Rick Santelli, Julia Bramowitz,
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We didn't have any earthy idea about these derivatives.
00:24:31.240
Right now, the pension funds in the United Kingdom, in the United States of America are
00:24:41.240
Right now, when they raise interest rates, that's called a margin call.
00:24:44.900
And when you start seeing that, you're going to start seeing these pension funds blow up,
00:24:49.560
This is what David Goldman in the Asia Times said the other day.
00:24:54.160
So, Philip Patrick, how bad will it get when we have that margin call and you've got all
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these derivatives and all these funky things they've got in there, the juice returns, high
00:25:05.380
Listen, the derivative market is and has been for a long time a ticking time bomb.
00:25:12.100
Pension funds in the UK, as well as the US, are leveraged, right?
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UK pensions, as an example, they borrow against their guilts.
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And a guilts is the equivalent of a US government treasury.
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Any rate hike, which is obviously expected in the UK, leaves them short, right?
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Bank of England actually had to step in and buy a bunch of guilts last week to support.
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This is globally now a ticking time bomb and time's running out.
00:25:38.380
You mentioned before the break a couple of things.
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The other thing is, this could last a lot longer.
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Volker took a very aggressive approach to combating the problem.
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He jumped rates like 4% overnight, popped that bubble.
00:26:00.300
Powell's taking a very different approach, right?
00:26:04.680
But what that does, and it's what you said, and I think it was absolutely spot on,
00:26:08.640
it virtually guarantees that this problem is going to last for longer and be more painful.
00:26:18.920
Last time we had the stagflation, the Arab Bowl embargo, the Nixon getting off the gold standard was 71, I think.
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The Arab Bowl embargo went in 73, partly driven by that.
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But it wasn't until Reagan and Volker had the stones to do this.
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It wasn't really to 83, 84 that we saw the change.
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And that's what two guys had muscled it through.
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They think that, hey, because they understand you pop that thing again on November because there's no more prints here on inflation.
00:26:56.800
You pop that interest rate again before that, and Biden, those guys, the Democrats, are going to say, you threw the election.
00:27:05.120
That is a lie, and everything's farther than it's true.
00:27:07.900
More than ever, how do people go and talk to one of the advisors and consultants over at Birchgold?
00:27:12.480
How do people get more information, Philip Patrick?
00:27:16.140
For your listeners, birchgold.com slash Bannon.
00:27:19.740
We've got great information tailored for your listeners.
00:27:26.380
And you're going to get a great information kit.
00:27:29.600
There are a lot of people like myself here to guide people through.
00:27:33.200
And for me personally, it's at Philip Patrick on Getter, as always.
00:27:45.900
You've got to get up to speed on the credit crisis that's before us.
00:28:02.060
It's one thing to rouse Steve Bannon and Peter Navarro.
00:28:25.020
Friends, if you've ever wanted to stock up on emergency food
00:28:42.160
and it may not happen again because of inflation.
00:29:03.380
Remember, this food stays fresh for up to 25 years,
00:29:21.160
but this price will be gone in just a matter of days.
00:29:55.660
had this huge event in the middle of the summer.
00:30:16.220
that are in all these social justice warrior curriculums
00:31:58.400
Just walk our audience through your story, sir.