Bannon's War Room - November 03, 2022


Episode 2275： Taking OnThe Federal Reserve; The Culture War Predominates Everywhere


Episode Stats


Length

55 minutes

Words per minute

180.16858

Word count

10,068

Sentence count

865

Harmful content

Misogyny

11

sentences flagged

Hate speech

15

sentences flagged


Summary

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

On today's show, President Obama speaks on the current state of the economy and the economy's impact on inflation and interest rates. He also talks about how important it is to remember who we are as a country and what we need to do to protect our democracy.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.080 We know that more and more ballots are cast in early voting or by mail in America.
00:00:05.860 We know that many states don't start counting those ballots until after the polls close on November 8th.
00:00:13.260 That means in some cases we won't know the winner of the election for a few days, until a few days after the election.
00:00:21.200 Rates are going to continue to go up for the foreseeable future.
00:00:24.540 And in fact, the market has been increasing its expectation of where it thinks rates are going.
00:00:28.820 And as you can see on the last chart that I have, which shows you back when back last August.
00:00:34.600 There we go. Back last August, you can see that the market thought rates would peak early next year at about three and a quarter percent.
00:00:41.540 We're actually been ratcheting that up. Rates are now likely to peak more like above five percent and not until sometime in the latter part of next year.
00:00:49.400 And this has real implications for Americans, of course. Mortgage rates are now over seven percent.
00:00:53.720 That's another thing that politically we have to deal with.
00:00:57.240 Good for savers, but very bad for borrowers like people who are trying to buy a home.
00:01:01.640 It takes time to count all legitimate ballots in a legal and orderly manner.
00:01:07.540 It's always been important for citizens in democracy to be informed and engaged.
00:01:12.580 Now it's important for citizens to be patient as well.
00:01:16.180 Well, that's how it's supposed to work.
00:01:21.140 This is also the first election since the events of January 6th when the armed, angry mob stormed the U.S. Capitol.
00:01:29.480 I wish I wish I could say the assault on a democracy to end it that day, but I cannot.
00:01:35.280 As I stand here today, there are candidates running for every level of office in America, for governor, Congress, attorney general, secretary of state, who won't commit.
00:01:48.360 They will not commit to accepting the results of elections that they're running in.
00:01:55.480 This is a path to chaos in America.
00:01:58.380 It's unprecedented.
00:02:00.500 It's unlawful.
00:02:02.440 And it's un-American.
00:02:03.720 And I've said before, you can't love your country only when you win.
00:02:13.280 We have been talking about, been hearing the Fed chairman talk about a soft landing for quite some time.
00:02:20.680 It sounded like he was giving up on that yesterday for the most part.
00:02:23.940 We're not going to have a soft landing.
00:02:25.480 We're going to have a recession.
00:02:27.360 And it may be pretty rough.
00:02:29.920 I think that is the likely scenario.
00:02:31.500 Look, trying to engineer a reduction in inflation from these levels down to the 2% that the Fed wants is a bit like landing a big jetliner on an aircraft carrier.
00:02:41.140 It's really, really hard.
00:02:42.300 And so I think the Fed chairman, who's lost some credibility over inflation, he was in that whole transitory camp for a while, is now starting to talk more realistically about what's likely to come.
00:02:52.900 Mike?
00:02:53.400 How did Jay Powell miss it for so long?
00:02:57.200 It's a good question, Mike.
00:02:58.720 You have to also recognize the Biden administration missed it.
00:03:01.620 You have to recognize that Jay Powell was up for reappointment about a year or so ago, and the White House was signaling that they thought inflation was going to come down.
00:03:10.800 And I think Jay Powell is a team player.
00:03:13.440 And I think there are a lot of people.
00:03:14.960 Paul Krugman blew it, too.
00:03:16.300 There are a lot of very, very good economists and smart people.
00:03:18.980 Most did.
00:03:19.600 I mean, most people missed it.
00:03:21.480 You did not.
00:03:23.140 Larry Summers did not.
00:03:24.540 But there aren't many Democratic economists that got this right.
00:03:30.480 And the reason was, and nor Republicans, the reason was because we hadn't had inflation for 40 years.
00:03:35.920 Right.
00:03:36.320 And all the economic models kind of had adjusted themselves almost to the point where they said it was impossible to create inflation.
00:03:42.620 Right.
00:03:42.860 And so you had sensible people saying that we haven't had inflation for 40 years so we can put two and a half trillion dollars into the economy.
00:03:49.080 Right.
00:03:49.280 And it's not going to cause inflation.
00:03:50.380 So in our bones, we know democracy at risk is at risk.
00:03:55.720 We also know this.
00:03:57.840 It's within our power, each and every one of us, to preserve our democracy.
00:04:03.680 And I believe we will.
00:04:05.860 I think I know this country.
00:04:08.060 I know we will.
00:04:10.400 You have the power.
00:04:12.400 It's your choice.
00:04:13.440 It's your decision.
00:04:14.360 The fate of the nation, the fate of the soul of America lies where it always does.
00:04:18.900 With the people in your hands, in your heart, in your ballot.
00:04:24.740 My fellow Americans, we'll meet this moment.
00:04:29.280 We just need to remember who we are.
00:04:32.120 We are the United States of America.
00:04:35.640 There's nothing, nothing beyond our capacity if we do it together.
00:04:40.020 May God bless you all.
00:04:44.800 May God protect our troops.
00:04:47.200 May God bless those standing guard over our democracy.
00:04:50.980 How much worse would inflation have been, though, if Build Back Better had passed in the huge form that the Biden administration originally tried to get it through?
00:05:01.080 Yeah, you have to say that Congress saved the president from himself.
00:05:05.480 Joe Manchin.
00:05:05.880 Yes, Joe Manchin saved the president from himself.
00:05:09.120 If that bill had passed, it would have just added to all of this.
00:05:12.300 It would have added to the deficits and the debt.
00:05:14.120 It would have created an even bigger problem that we would have had to unwind.
00:05:17.480 So in a way, we got lucky that it all got dialed back to a sensible place.
00:05:22.320 California Governor Gavin Newsom's race for reelection is not close.
00:05:26.260 So he's campaigning for embattled Democrats.
00:05:28.960 Does it feel like a red wave?
00:05:31.560 Yeah, of course it does.
00:05:33.160 And again, I'm not paid to say that.
00:05:36.840 I'm paid to say, you know, we've fainted.
00:05:39.480 I mean, I get it.
00:05:40.520 Look, I mean, I could be the cheerleader.
00:05:42.340 I'm also a pragmatist.
00:05:43.720 You feel it.
00:05:45.540 Newsom, with one of his party's biggest digital and fundraising operations, sounds like a Democrat with bigger ambitions.
00:05:52.380 And it goes to my fundamental grievance with my damn party.
00:05:56.820 We're getting crushed on narrative.
00:05:58.960 We're going to have to do better in terms of getting on the offense and stopping on the damn defense. 0.97
00:06:05.160 I urge all of you living in Florida to join the fight or join us in California.
00:06:09.560 Okay.
00:06:10.680 That was a, I want a hat tip to the, my producing team and the folks at Real America's Voice in Denver.
00:06:17.380 That's a mini masterpiece.
00:06:19.100 To cut back, it was, it's a tale of one city, but two speeches.
00:06:23.560 A tale of reality versus, I don't know, some guy that's kind of drifting off into some sort of bizarre fantasy.
00:06:31.340 The nation in a crisis.
00:06:34.960 And look, the one thing they had wronged about the Republicans on this show with Cortez and Navarro and myself and Bratt and Jason Trenner and others, Philip Patrick and Birch Gold, said back in, what was it, February, March of 2021, when they had the American recovery act, that the aggregate demand problem had been solved.
00:06:55.260 And this was going to turbocharge inflation.
00:07:00.840 Yesterday, you had, and we'll have Cortez on at five.
00:07:03.800 I got Tierman with me now.
00:07:05.660 I think Bratt's going to join me later.
00:07:07.440 You had a capitulation by the Fed.
00:07:11.280 It's going to be a hard landing.
00:07:12.700 It's going to get a lot uglier.
00:07:14.120 And this is also the Fed reaching out to MAGA to say, hey, look, we understand what's going to happen next Tuesday, and we're actually on your side, so we're going to give a 75 basis point pop today to let you know that we're on the team.
00:07:29.180 This is going to have massive implications down range.
00:07:32.460 I'm going to play Lisa Abramowitz, who I think is one of the smartest people in the world, play over Bloomberg, just a brilliant, her analysis of where we are in the world and what implication.
00:07:41.880 We'll play that in a second.
00:07:42.780 But even CNN, Steve Collinson, who's Stephen Collinson, the smartest guy they got over at CNN, and a guy that hates Trump and hates MAGA even more, just said, hey, it was absolutely the wrong speech because he doesn't address the nation.
00:07:58.380 In fact, if I can pull up – the RNC did a great job on the research.
00:08:01.820 If I can pull up the RNC's tweet, you go through everything the nation's – remember, this is the guy's closing argument.
00:08:08.500 This is a closing argument.
00:08:10.580 This is a closing argument.
00:08:11.500 Nothing on crime, inflation, the economy, nothing, zero, no marks.
00:08:15.720 They had a tweet up, the RNC Research, that did a great job about saying what he didn't cover in the speech.
00:08:21.880 Then Biden comes out.
00:08:24.000 You can't make this up.
00:08:25.860 I'm not a good enough writer to script this for my own filmmaking days.
00:08:28.960 I couldn't write this well.
00:08:31.040 Biden comes up with a tweet, which I know we don't have, so don't put it up,
00:08:34.960 that talks about democracy as a way of being, democracy as a way you see the world.
00:08:41.800 I mean, it's like Biden, the guru.
00:08:44.140 He's so detached from where the country is.
00:08:47.080 He's so detached where the American people are from or where we are today.
00:08:51.580 But you got it with both barrels on Morning Joe.
00:08:54.480 They understand they're going to be blamed for what happens on Tuesday when we have – if we all deliver and become force multipliers in the next couple of days and make sure we secure the vote.
00:09:05.020 By the way, Biden's gaslighting you right there by telling you it's going to take a week to count them because we've got to figure out – we have to figure out, like in 2020, market lies.
00:09:13.520 We've got to be able to figure out how many votes we have to have to turn this thing around, and then we know all the mail-in ballots with no signatures, no dates, no nothing, right, in Pennsylvania, just to drop a couple of random states, like in Pennsylvania or in Michigan, right, or even in Arizona.
00:09:33.020 So there we are.
00:09:33.940 That's his closing argument.
00:09:35.560 And you see right now – you see what's happening with the market.
00:09:39.820 So let's go ahead and play.
00:09:40.500 I want to play Lisa Abramowitz, and then I'm going to bring in Matthew Tierman.
00:09:44.080 We're going to talk some capital markets first.
00:09:45.740 Then we're going to get to – then we're going to get to – we're going to talk about Brazil.
00:09:49.740 Are we ready?
00:09:50.360 Can we go?
00:09:51.780 ...tradable story in the face of what we're experiencing right now.
00:09:55.260 If you don't believe, let's say Chairman Powell is going to do what he tells you he's going to do, do you still want to be long here?
00:10:00.660 Because this feels pretty uncomfortable.
00:10:02.740 I don't know the answer to that, right?
00:10:04.480 Do you want to play game theory?
00:10:05.640 Do you want to play this game with the Federal Reserve?
00:10:07.460 Because that's ultimately what you're asking.
00:10:09.120 Are you going to call their bluff and say ultimately you can't do this?
00:10:12.600 Well, the more people do that, the further the Fed has to go, right?
00:10:16.100 So it kind of has a self-fulfilling prophecy against you.
00:10:19.040 There is a larger question, right, which I think is actually expressed in the bond market.
00:10:23.400 If you believe that the Fed will lack the political will to ultimately do what needs to be done to bring inflation back down to 2 percent, then you do not want to get long, long treasuries.
00:10:31.820 Because right now you cannot be certain that those yields are going to come down materially in the way that so many people had thought.
00:10:36.740 And that might be one of the distinguishing features that people are kind of trying to grapple with right now.
00:10:42.240 Sometimes we make it, I think, a little bit more complicated than it is.
00:10:45.660 I remember in the last 10 years you just had some very simple statements from some hyper bullish people who just basically said the Federal Reserve is telling you what they want.
00:10:54.400 Listen to them and don't fight them.
00:10:56.040 And hasn't the Federal Reserve just told us yesterday in that news conference ultimately what they want?
00:11:01.140 The Fed is not in control right now.
00:11:03.720 Mr. CPI is in control right now.
00:11:05.760 Inflation is in control in a way that we have not seen before.
00:11:08.520 And nobody really understands it.
00:11:10.580 You know, Jennifer McEwen was just saying that she thinks that there's going to be a more rapid disinflationary force in the U.S. 0.83
00:11:15.720 A lot of people would agree with her.
00:11:17.600 Tom Porcelli among them, which is one reason why they think the Fed will have to back off.
00:11:21.400 And it's not even in the Fed's eyesight.
00:11:23.760 So if the Fed isn't really in control.
00:11:25.840 Let me have it.
00:11:27.660 Lisa Bromowitz.
00:11:28.900 That's a name.
00:11:29.460 Write that woman's name down. 1.00
00:11:31.820 Tierman.
00:11:33.080 The Fed is not in control.
00:11:35.560 CPI is in control.
00:11:37.300 And Abramowitz lays out the say, hey, of course, CPI is in control right now.
00:11:42.400 They have no earthly idea kind of what they're doing.
00:11:44.200 They're grappling around because they made so many mistakes.
00:11:45.980 And she brings up the D word, deflationary, that you could be in a situation where you could have massive
00:11:51.020 deflation in Japan, which the Bank of Tokyo is a Bank of Japan's fighting right now in inflation everywhere else.
00:11:57.400 We have Tierman on here for a second.
00:11:59.280 So let's talk about signal, not noise.
00:12:00.880 We have two massive signals.
00:12:02.300 That is what's going to happen next Tuesday to sort this out.
00:12:05.020 And by the way, the New York Times, our beloved paper of record for our beloved republic, actually the headline of the New York
00:12:11.260 Times, everything going on, GOP plans to shrink Social Security.
00:12:15.020 They just want to make sure the voters in, you know, places, random places like Arizona and Florida get that.
00:12:21.180 GOP signals plans to shrink Social Security.
00:12:23.800 Well, look, I'm deeply involved in all this, and I've never heard anybody mention anywhere anything about Social Security and Medicare.
00:12:30.260 That is a bald-faced lie.
00:12:31.640 And that's how desperate the New York Times is.
00:12:34.340 They will lie to you with a straight face to try to turn this around.
00:12:37.880 Here's the signal we got, is that the Fed is basically capitulating by saying we don't have control of inflation.
00:12:46.080 We're going to have to take some extraordinary measures.
00:12:49.460 Understand that this thing is going to get gnarly.
00:12:52.040 And a hard landing, you could have a very hard landing, and that very hard landing could be coming quite quickly.
00:12:57.420 On the other side, you've got the big signal of they're closing arguments all about democracy, insurrection, J6.
00:13:03.240 Hey, baby, you got it.
00:13:04.960 You're all in.
00:13:05.940 And he's right.
00:13:06.640 The American people are going to, the fate of the nation is in the balance, and the American people are going to have a vote.
00:13:11.880 He's trying to make it a either-or.
00:13:14.220 This is a referendum on him.
00:13:15.740 This is a referendum on total and complete incompetence and malfeasance.
00:13:20.540 We're going to get to all of it.
00:13:21.640 We're going to try to solve some technical problems.
00:13:23.020 Matthew Tierman, we've got a lot in Brazil we're going to talk about.
00:13:25.260 Also, we have the great Darren Beattie.
00:13:27.680 Darren Beattie at Revolver has kind of singled out Carrie Lake for some special focus,
00:13:33.320 and some other conservative ink is now starting to jump in.
00:13:35.920 We've got Darren Beattie.
00:13:37.080 We've got James Zirkle is all over New York.
00:13:39.460 Joe Allen is in Pennsylvania with the Cyborg.
00:13:42.680 Poll numbers are shifting right now.
00:13:44.060 Dotter Oz is in favor. 0.68
00:13:45.100 Plus, we have Mark Mitchell from Rasmussen.
00:13:46.740 We've got it all.
00:13:47.720 Capital markets, the economy, politics, polling, and personalities in the first hour.
00:13:52.880 Where else can you get that but the war room?
00:14:00.760 You know what's never good?
00:14:06.220 When your nation's supposed authority on economic policy completely misses the flashing red lights of impending inflation.
00:14:14.920 Now, Treasury Secretary Janet Yellen has finally admitted, quote,
00:14:19.880 there's been an unanticipated and large shocks to the economy that have boosted energy and food prices
00:14:24.900 and supply bottlenecks that affected our economy badly that I didn't, at the time, fully understand, end quote.
00:14:33.720 You know who understands the real threat of inflation?
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00:14:41.880 They're protecting their savings from a highly turbulent economy by diversifying their 401k or IRA into gold, physical gold.
00:14:51.960 And it's not too late for you to take action now.
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00:15:31.140 War Room, Pandemic, with Stephen K. Bannon.
00:15:35.160 The epidemic is a demon, and we cannot let this demon hide.
00:15:38.960 War Room, Pandemic. Here's your host, Stephen K. Bannon.
00:15:45.240 Okay, it's a tale of one city in two speeches.
00:15:48.320 One given early in the afternoon about capital markets affected the world, the other by the guy that's supposed to be president of the United States.
00:15:56.500 We know he's totally illegitimate.
00:15:57.640 Do I have the tweets?
00:15:59.560 If you pull up the RNC tweet first, if you get the RNC tweet, the RNC tweet, it goes to a punch list, a punch list of everything he should have talked about or mentioned.
00:16:10.700 Zero, none of it.
00:16:11.580 No crime, no economy, no inflation.
00:16:15.440 Then afterwards, Biden puts out a tweet.
00:16:18.220 Thanks, Denver.
00:16:18.820 That's fantastic.
00:16:19.540 Biden puts out a tweet.
00:16:21.400 It's like he's a Zen master.
00:16:23.280 I think Jean-Pierre has affected him too much, the Zen master comms director, that it's like Biden as guru.
00:16:32.120 Biden is a Zen monk.
00:16:34.100 Democracy is a way of being.
00:16:36.680 Democracy is a way to see the world.
00:16:38.740 Dude, what are you talking about?
00:16:40.380 The nation's – your economy is a dumpster fire.
00:16:43.620 People are making decisions between to eat or heat the home, right?
00:16:47.580 Everybody's getting crushed.
00:16:48.920 And what the Fed chair just told you, because of your policies, it's going to get worse.
00:16:53.600 By next summer, the commercial real estate business will be collapsed.
00:16:58.600 The residential housing market will collapse.
00:17:02.680 The construction market will collapse.
00:17:06.360 Unemployment will be raging everywhere because of your actions.
00:17:09.820 And you're going to sit there and tell me – the armed and angry mob you're talking about is going to be guys going to the Federal Reserve outside, the temple down there.
00:17:19.080 That's going to be the armed and angry mob because of your policies.
00:17:23.360 Tierman, I think we've solved the security problem.
00:17:28.140 Talk to us – give us a couple of minutes on capital markets before we go to Brazil.
00:17:31.500 Well, first, sorry about that.
00:17:33.560 The last time I saw my phone do exactly that was two years ago in the month when I was covering Hunter Biden and your friend and mine, the Southern District, decided to play enforcement agent on our wrong thing.
00:17:46.060 Yeah, you know, the elephant in the room in the market – and they're not talking about it because it's so indicts, the entire system, that they are all part of, whether they're cheerleading or whether they're criticizing.
00:17:59.200 That is 13 years of zero interest rate, the ultimate capital market heroin addiction, the punch bowl, euphemistically, has been taken away.
00:18:10.120 And they have flooded the capital markets in the West and globally with zero-cost capital and excess liquidity.
00:18:18.000 You can't sop that up overnight.
00:18:20.200 That is going to take years, and they are going to make a choice.
00:18:24.360 They're going to have to make a choice.
00:18:25.380 Will they continue to raise rates to sop it up so that we don't end up in a serious stagflation that's got optionality on a Weimar, Germany-like economy?
00:18:34.740 Or do they go with the short-term politically expedient move, which is start cutting rates again so as to try and swing the election in 2024?
00:18:42.040 Now, previous Fed chiefs have been hyper-politicized.
00:18:46.460 Jerome Powell is politicized but not hyper-politicized.
00:18:50.020 And he knows that if he continues Bernanke's unholy experiment of unlimited balance sheet expansion, we're screwed.
00:18:58.320 There will be riots in the street for food.
00:19:01.280 Hang on. Hang on a second.
00:19:02.780 I get it.
00:19:03.940 If you've noted, when we've talked about, over the last year or two, about the structure of global finance is structured and built around zero interest rates or negative interest rates, this is what Tierman's talking about.
00:19:16.180 The entire system is built upon a heroin addiction of easy money, of free money, essentially for the powerful and the wealthy, free money.
00:19:27.000 You didn't participate in the upside of that, but baby, let me tell you something.
00:19:33.540 You're about to get it with both barrels on the downside.
00:19:36.680 When Cortez says, hey, in the Weimar Republic, at least they were homogenous society.
00:19:43.220 Here, we're very different.
00:19:44.520 When you get hyper-politicized, look at Turkey.
00:19:46.940 Today, they announced 85% inflation.
00:19:49.260 You know what Erdogan said?
00:19:49.980 Hey, I've got to figure out how to live with it because I start popping rates, the whole system is going to collapse.
00:19:55.400 You've got all these little, you know, the Sarajevos, as Sarajevo was to World War I.
00:20:01.440 You've got a bunch of little Sarajevos popping up all over the world right now, Matthew Tierman. 1.00
00:20:05.360 A hundred percent.
00:20:07.400 You know, he may think he has to live with it, but when the people come and try to daffy him and rip him limb from limb in the street because the destabilization of society based on unstable prices and shortages of goods, i.e. food, that has real-world implication.
00:20:25.300 And, you know, who benefited from the free money?
00:20:29.120 Silicon Valley, who could prop up their zombie venture companies.
00:20:33.020 You know, I remember the late 90s.
00:20:34.640 Dogwalker.com, number seven, raising capital.
00:20:38.180 Big investment bank, who could bring these companies public for huge fees.
00:20:43.580 Hedge funds who did not pay capital for any cost of capital for their intraday trading leverage and their prime brokerage costs.
00:20:50.780 No, you've got, by the way, there's a thing in zero hedge I'm going to talk about this afternoon with, they got, we've got another problem with the derivatives.
00:20:58.500 This is the problem.
00:20:59.200 This was the real problem with the, with the England situation with trusts.
00:21:03.280 It exposed the pension funds have been playing the game of massive leverage and derivatives to juice their returns because in a zero interest rate environment, they couldn't make the, you know, they couldn't make their, uh, their table, right?
00:21:17.000 They had to do it.
00:21:17.720 They had to get higher returns.
00:21:18.940 The whole thing is structured.
00:21:20.680 You know, Larry Fink and these guys are big shots.
00:21:22.680 They're talking, Hey, it was an era of free money.
00:21:24.820 Any moron could have done this.
00:21:26.960 You're about to see this is, I'm telling you.
00:21:28.900 And yesterday was capitulation Lisa Abramowitz of Bloomberg said, Hey, the fed basically just told you, they don't, not in control of this.
00:21:36.640 They inflate the, they've printed so much money over so many decades.
00:21:41.140 And they've particularly since 2008 had a negative interest rates and blown up the balance sheet of the federal reserve for liquidity for the wealthy and the powerful.
00:21:48.640 Let me go into Brazil for a second.
00:21:50.300 One more point on this.
00:21:52.220 And you know, when you, when you say don't fight the fed, you know, this macro policy, 12 unelected bureaucrats appointed just to set the cost of capital, most important economic signal in the market that really shows supply and demand and economic growth.
00:22:04.020 Uh, the amount of pain that we should have felt in 2008 and nine was off put to where we're going in 2008 or nine, we had an over leverage in the banking system.
00:22:17.440 And so how did they solve that?
00:22:19.840 They moved that leverage and had to even increase it through the sovereign balance sheet.
00:22:25.080 They took it off the bank's balance sheet and they put it on your balance sheet, on the taxpayer's balance, the sovereign balance sheet.
00:22:32.360 And that's 13 years with no distress cycles and having to be accountable for that.
00:22:37.080 Yeah. And the people, and, and the people didn't participate.
00:22:39.700 So this is why I remember we've broken the back of the Biden illegitimate regime.
00:22:45.240 We killed in the crib next Tuesday.
00:22:46.880 We got to deliver and, uh, the radical democratic party, the fed, we're going to break the back of the fed, any touching of the, um, the debt ceiling.
00:22:56.960 Let me put this warning shot across them right now.
00:22:59.780 Nothing will be considered by MAGA.
00:23:01.920 Nothing will be considered by this audience.
00:23:03.680 And this audience is the power player.
00:23:05.100 They will, they're the chairman of the credit committee.
00:23:07.500 The chairman of the credit committee will not consider anything at all.
00:23:11.440 Even negotiation or discussions until we change the ownership of the federal reserve.
00:23:16.980 24 prime brokers own it.
00:23:18.800 Now the big banks, JP Morgan, Goldman Sachs, all that, that day is coming to an end.
00:23:23.820 Any discussion on this, this has to stop the fed, your currency has to be put in a trust controlled by the American people.
00:23:30.600 Talk about a cartel of capital, 24 primary dealers of treasury bonds who move them to market, appointed and overseen by the fed.
00:23:43.040 They choose who their brokers are.
00:23:45.020 That power is totally a croniest one.
00:23:48.460 And it's not just the, you're talking now monetary policy, but our people, our base, our voters, we have to focus on fiscal policy.
00:23:57.060 It's why what Adam and Jeff's get open the books does is so important.
00:24:00.000 And it has to be local.
00:24:01.180 It's got to be bottoms up.
00:24:02.500 No, no, but here's, okay.
00:24:03.600 Let me, let me tie, let me tie it back to the New York times.
00:24:06.020 They're already trying to put the panic button.
00:24:07.740 They're saying when Bannon and these guys are talking, they're talking in code.
00:24:10.920 They're going to take your social security and make it. 0.89
00:24:12.800 That's a lie.
00:24:13.980 That's a lie.
00:24:15.120 There's going to be fiscal discipline, but it ain't going to be, we're not touching social security and Medicare.
00:24:21.140 So the, the, our elderly voters, don't let them scare you, but things have to change.
00:24:25.840 Look, I'm a hawk.
00:24:27.040 My dogs are, you can't have a trillion dollar defense budget anymore.
00:24:30.240 I'm just sorry.
00:24:30.940 You can't do it.
00:24:31.680 You can't have a trillion dollar Medicaid anymore.
00:24:33.500 We can't do it.
00:24:34.200 You can't have all these programs.
00:24:36.020 You can't have another $750 billion.
00:24:38.720 It's just discretionary.
00:24:40.360 It, that madness has that fiscal domination where the bank just prints the money.
00:24:45.280 That madness is stopping.
00:24:47.300 They ridicule you every day that you breathe through your mouths and they're your betters.
00:24:51.320 Look at the system they have set up and it's crashing around us and you're going to pay for it.
00:24:57.220 You didn't get any participation in the upside.
00:24:59.580 They took it all.
00:25:00.340 That's where the concentration of wealth is so in this country and Bernie Sanders,
00:25:04.040 the fact that you haven't been going after this from day one, I want every left wing populace to join our crusade because Bernie Sanders ain't tough enough to take this on.
00:25:13.880 You see how tough enough we were to take Biden on, take these radical Democrats on, to take corporations on, and now we're going to take on the freaking Federal Reserve because the system of these Wall Street banks and the Larry Finks of the world and the Federal Reserve, it is insanity.
00:25:30.900 It's not a system that works.
00:25:32.700 It's boom or bust.
00:25:33.860 And you don't get participation in the boom, but you've got to sit there.
00:25:38.100 The bust is all on top of you, and those days are going to end.
00:25:41.980 We're not going to play these games anymore.
00:25:44.280 Tierman, hang on for a second.
00:25:45.300 I've got to get Brazil. 0.93
00:25:46.200 I've got so much going on, but we had to get this ran out because this is it.
00:25:50.060 This is the thing itself.
00:25:51.700 If this doesn't get solved, we don't have a country.
00:25:54.240 You talk about sovereignty of the southern border and the invasion of the southern border.
00:25:56.660 However, this is where they've actually taken your currency and weaponized it against the American people.
00:26:02.080 That's what these big shots are talking.
00:26:03.400 Ratner, I've got all these ideas.
00:26:04.920 Larry Summer is going to have all this.
00:26:06.660 Morning Joe, he's got a knitted brow.
00:26:08.780 And Morning Joe is sitting there going, Mika, you know, I have for years have talked about this.
00:26:12.280 Debra Center, crap. 0.99
00:26:13.900 Look at MSNBC. 0.79
00:26:14.780 You guys want to build back better.
00:26:16.300 The beauty of that cold open is at the end what they wanted to do, the other $3.5 trillion was only stopped by MAGA.
00:26:24.260 It was only stopped by MAGA.
00:26:25.480 They wanted to do another $3.5 trillion with Mitch McConnell and Shelby and all these crooks, all part of it.
00:26:33.740 You want populism, baby? 0.97
00:26:35.320 I'm going to give it to you.
00:26:36.820 Straight, no chaser.
00:26:38.320 Okay, a shot, no tracer.
00:26:40.060 We got Beattie. 0.99
00:26:41.040 We got Tierman.
00:26:42.260 We got Mark Mitchell from Rasmussen.
00:26:44.940 The great Zirkel, Calamity, James with us in New York.
00:26:48.260 We got Joe Allen's on the case of the cyborg in Pennsylvania.
00:26:52.100 The polling's flipping there.
00:26:53.220 We got it all.
00:26:54.480 Just stick around.
00:26:55.160 I'm going to take a short commercial break.
00:26:56.820 We're going to be back in the warm in just a moment.
00:26:58.260 Everything's just beginning.
00:27:02.420 But the games you want to play.
00:27:06.000 Bring it on and out.
00:27:07.240 Fight to the end.
00:27:08.280 Just watch and see.
00:27:09.480 It's all started.
00:27:11.560 Everything's begun.
00:27:13.420 And you are over.
00:27:14.600 To this convicted home title thief explaining what happens when he forges your home's title
00:27:35.980 and takes over as the new owner.
00:27:38.240 Nobody thinks that I can take their house and borrow against the house.
00:27:41.440 Oh no, I have title insurance.
00:27:42.980 It's in my name.
00:27:44.120 Or he would have to get some special document.
00:27:46.280 They would call me.
00:27:47.640 You know, nobody's calling you.
00:27:49.380 You're living in a delusion.
00:27:51.080 After I've stolen the title, borrowed against it, or sold the property, it's 60 to 90 days
00:27:55.980 for that person to even figure out that they're the victim of this crime.
00:27:58.760 You start getting foreclosure notices.
00:28:00.740 You've got four mortgages on your house.
00:28:02.500 You don't even own your home anymore.
00:28:03.720 It's not even in your name.
00:28:04.980 Home title fraud is growing two and a half times faster than credit card fraud.
00:28:09.320 You could be a victim and not even know it.
00:28:11.940 Here's how to protect yourself and verify your home's title is still in your name.
00:28:17.320 Visit hometitlelock.com promo code radio.
00:28:21.120 Then register your address for your no obligation home title report.
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00:28:29.400 Again, get your free home title report at hometitlelock.com promo code radio.
00:28:37.440 Friends, if you're thinking about stocking up on emergency food because of what's going
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00:29:44.860 Take action.
00:29:46.040 Use your agency.
00:29:47.400 Action, action, action.
00:29:48.960 It's also worded that social media companies remove any posts that question the election
00:29:53.940 results.
00:29:55.500 So this is massive suppression.
00:29:57.420 And despite it, or probably because of it, physical protests are breaking out across Brazil.
00:30:03.380 Matt Tierman is an investigative journalist.
00:30:05.240 He joins us to assess what exactly is going on here.
00:30:07.840 Matt, thank you so much for joining us tonight.
00:30:10.880 So their Biden administration is admitting they had the CIA director try to bully the president
00:30:15.120 of a sovereign country on the question of his own elections.
00:30:18.340 How can that happen?
00:30:20.940 Well, they don't even think it's a big deal.
00:30:23.220 It's par for the course.
00:30:24.340 In fact, Bernie Sanders was talking about it on Pod Save America, the lefty podcast of
00:30:28.920 a former Obama administration alum.
00:30:31.880 And it was like, OK, this is great.
00:30:34.400 This is what we should be doing.
00:30:35.440 We need to secure, quote unquote, democracy our way.
00:30:38.860 Now, Bernie Sanders was somebody who was rallying for decades against the CIA involvement in Latin
00:30:43.400 America in the 70s.
00:30:44.420 But everything's about politics for these people.
00:30:46.820 And in addition to the CIA director, now they're talking about sending Jake Sullivan down there,
00:30:52.500 the national security advisor, to make sure the transition is orderly.
00:30:57.240 But the bigger deal, I think, is that they have had a see no evil, hear no evil mentality
00:31:03.400 for the last two years as Bolsonaro followers, politicians aligned with him.
00:31:10.320 Journalists have been censored, imprisoned.
00:31:13.000 I wrote a piece for CDM Press.
00:31:15.440 OK, the piece was amazing of what you said.
00:31:18.060 You could see how they stole this, Matthew.
00:31:20.720 So give me an update on where we stand.
00:31:22.580 Bolsonaro has kind of come out and said, I'm going to follow the Constitution, play within
00:31:25.120 the rules.
00:31:25.600 There's a lot of kind of weakness around him.
00:31:29.120 But the people have taken to the streets and the people don't look like they're going to
00:31:32.660 back off.
00:31:33.200 Give me your assessment.
00:31:34.880 First, like like Brazil, I'm sorry, Sweden, Chile, Colombia.
00:31:40.180 You and I have been talking about this election for six to nine months.
00:31:43.740 We've been skating to where this puck is going.
00:31:45.700 We've been talking about it playing out as it just passed between the first round and the
00:31:50.180 second round.
00:31:51.100 And now, not surprisingly, because the Brazilian people aren't stupid.
00:31:54.320 We talked about this the other day.
00:31:55.600 Where we have an engagement in America, maybe 20 percent people know what's going on in
00:31:59.720 politics in Brazil because of their historical memory.
00:32:02.660 Ten years ago with Lula and Dilma, 30 years ago with the military dictatorship.
00:32:07.480 They are politically engaged.
00:32:09.000 They know what's going on.
00:32:10.300 And these protests on the street are accelerating.
00:32:14.420 Bolsonaro has not discouraged them.
00:32:16.660 He has just perfectly hedged himself, intelligently so, by saying we're constitutionalists.
00:32:22.100 So color within the lines, play within the pit, the four lines of the soccer pit you pointed
00:32:27.460 out yesterday, the other day.
00:32:29.160 And don't break the rules.
00:32:31.060 Go to the street, protest, but don't break stuff.
00:32:33.500 Don't, you know, block commerce.
00:32:35.900 Don't steal.
00:32:36.620 Don't light things on fire.
00:32:38.120 And then here you have, and there's so many, I'm getting hundreds of videos.
00:32:41.980 And after the Tucker hit last night, thousands of heartbreaking messages from just Brazilians 0.91
00:32:46.480 on my social media, this unsolicited people coming into me and saying, we don't want to
00:32:51.100 be Venezuela.
00:32:52.100 We do not want gulags.
00:32:53.620 We do not want communism.
00:32:55.460 Please help us.
00:32:56.280 Get our message out.
00:32:57.220 And that's why the Tucker hit was so big.
00:32:59.540 It's the most watched U.S. media platform, media show in the country.
00:33:03.960 I believe you should be.
00:33:05.740 But, you know, Fox News, they have big carriage with big cable.
00:33:09.820 And the protests are absolutely accelerating because people are not giving up.
00:33:14.320 It rained all day yesterday.
00:33:15.720 They're out in force today.
00:33:16.920 They're doing this on alternative methods.
00:33:18.480 Hang on one second.
00:33:19.640 I want to play for our audience and for our podcast and radio audience who can't see it.
00:33:23.500 I want to play the footage again, if Denver could play the little girl.
00:33:25.900 We have our tank man image.
00:33:28.780 It's one of those moving.
00:33:29.800 It's a little girl with the sunflowers and the bouquet of flowers going up and giving
00:33:34.340 it to the soldiers, the uniting of the Brazilian people with the military here.
00:33:39.380 Because remember, break your news.
00:33:40.980 This is not about a military taker.
00:33:42.440 It's not a military junta.
00:33:43.940 Remember, they're up against a transnational criminal class as both partnerships with the 0.73
00:33:48.320 party at Davos, the World Economic Forum, and the Chinese Communist Party.
00:33:51.780 That's what's trying to take over Brazil. 1.00
00:33:53.020 What you see in the streets is the people of Brazil saying, we don't want that.
00:33:58.200 We don't want to become what's happened to these other Latin American countries that have 0.99
00:34:01.180 fallen in this, like Venezuela, like Cuba, right?
00:34:04.060 Like Bolivia.
00:34:05.140 Do you see in that image when she hands the flower and the flag, the sentry who is guarding
00:34:11.800 at the front gate of this military installation, he salutes her.
00:34:16.760 The poetic imagery of that is the military works for the people.
00:34:22.200 The most defenseless, a seven-year-old girl, he salutes her.
00:34:26.040 And that's saying, I work for you.
00:34:27.940 I work for the Brazilian people.
00:34:29.380 I'm here to defend Brazil from threats, foreign and domestic.
00:34:32.980 I'm here to defend Brazilian sovereignty.
00:34:35.220 And this is very important because Bolsonaro, if he takes action, which I think he will take
00:34:40.340 for action, what will be cited in the Brazilian Constitution is Article 142 that says the military
00:34:46.300 is the stabilizing institution of society.
00:34:49.500 Given their history, this is how they structured the Constitution.
00:34:52.280 And it's built around this, their slogan, order and progresso, order and progress, and that
00:34:57.440 the military is built on hierarchy, discipline, and order.
00:35:01.260 The constitutionalists like Bolsonaro are about rule of law, not mob rule like the Marxists,
00:35:06.500 like Lula, who's going to let the prisoners out of jail and threaten the lives of the police,
00:35:10.580 which is why the police will be joining in on this, and they have already.
00:35:13.920 And so here's the funniest thing.
00:35:16.380 The mainstream media in Brazil, Globo, the Brazil, I call Brazil CNN, even though they have
00:35:20.940 their own CNN license imprimatur there, but Globo is running out.
00:35:25.460 There's no protest.
00:35:26.580 They're trying to film an empty lot and saying, oh, it's wound down.
00:35:29.720 There's nothing there.
00:35:30.440 Don't believe your lying eyes, as even cities in the north full of strongholds like Recife
00:35:34.820 are filled with people taking the streets.
00:35:37.620 And the mainstream media is running the same playbook they ran, for instance, in Poland,
00:35:40.780 that there's no, are hungry, or everywhere they go, they coerce fraudulent optics and narrative.
00:35:48.480 You've got some inside baseball.
00:35:50.020 We've been talking about this report they were supposed to do with the first.
00:35:52.480 You've done this mathematical report with these mathematicians and statisticians to show
00:35:56.340 how they stole it in the first round and the second.
00:35:59.220 What's the status of this mythical report from the military about the assessment of the election?
00:36:05.260 Where is that?
00:36:05.900 Does it even exist?
00:36:07.520 And is it going to happen?
00:36:08.540 Is it going to be put forward to the people?
00:36:09.960 First, for a point of clarification so that I don't get an Interpol red notice from Alexander
00:36:15.540 de Moraes and the Brazilian Supreme Court.
00:36:17.580 I'm guessing that's coming anyway.
00:36:19.020 But the report that I published with Todd Wood and CDM.press was a statistical analysis
00:36:25.100 on Newport Benford's law, Newcomb Benford's law, that shows, that indicates statistical anomalies.
00:36:31.620 It does not prove fraud in and of itself.
00:36:33.600 What it proves is a necessity for an audit.
00:36:37.720 If you act in good faith, you say, these numerical distributions are so out of whack with normal
00:36:42.920 standard distributions, you need to audit this.
00:36:45.280 Now, the military has the right to oversee the elections and fraud in the elections and
00:36:49.620 take enforcement action if they can find the perpetration thereof.
00:36:53.500 The military did not release a report round one because they did not want a constitutional
00:36:58.800 crisis and a standoff with the courts that they get attacked for interfering with the
00:37:03.380 elections ahead of round two.
00:37:04.820 I believe they've done one in round one.
00:37:06.920 And from my sources on the ground, within the circles of government, there is a military
00:37:13.080 audit in construction.
00:37:15.140 And obviously, if it's being constructed, ostensibly, it will be released.
00:37:19.060 If there is fraud, which you and I certainly believe there is, based on what we've seen
00:37:23.220 with our own eyes, then the military will be the vehicle to demonstrate it to the people
00:37:28.020 and ensure the mandate of upholding the Constitution is enacted with.
00:37:34.560 The regime head here in the United States jumped in in the first minutes after this thing
00:37:39.500 was announced at a free, fair, and transparent election.
00:37:42.220 You don't know what you're talking about.
00:37:43.620 You sent your CA guy down to try to get involved in this thing.
00:37:46.060 Like, Jake Sullivan should never, no American official should get on a plane and go into
00:37:50.700 this situation.
00:37:51.460 This is for the Brazilian people.
00:37:53.320 This is not for the American government and the American apparatus stick their nose in
00:37:56.760 it.
00:37:57.100 This is for the Brazilian people.
00:37:58.520 It's for that little girl in the military and those crowds to figure it out, okay?
00:38:02.960 They're the ones going to have to deal with Lula, the transnational CCP-owned criminal, 0.61
00:38:08.600 right?
00:38:08.840 But it's the folks in Brazil got to figure it out.
00:38:11.640 Matthew Tierman.
00:38:12.220 This is not, you know, some, you know, banana republic with no culture and history of governance,
00:38:18.380 no strong constitution.
00:38:19.880 This is a country of 210, 220 million people, 12th largest economy in the world, third largest
00:38:25.840 in our hemisphere, sixth largest country by population.
00:38:29.100 There is no mandate for U.S. government engagement.
00:38:32.820 As I said on Tucker, I'm old enough to remember when the left brailed against CIA involvement in
00:38:36.820 Latin America in the 70s.
00:38:37.940 Now, that was, you know, from the view of, okay, well, conservatives are coming in, Nixon
00:38:41.920 and his people, so we have to be against it. 0.91
00:38:44.480 But when it's our people, like Bernie Sanders said on Todd Save America, oh, well, we got
00:38:48.620 to protect democracy as we see it, our way.
00:38:51.600 Well, you know what?
00:38:52.400 That's BS.
00:38:53.380 And the Brazilians are on it.
00:38:55.140 They are going to protest.
00:38:56.320 Hey, Bernie, keep your nose.
00:38:57.500 Hey, Bernie, keep your weak nose out of Brazil's business and try to man up. 1.00
00:39:02.580 And let's take on the Fed. 0.89
00:39:03.840 Let's see your big talk about Fink and all the big donors to the Democratic Party, all
00:39:09.720 the Wall Street tycoons that are financing this and the global corporations.
00:39:15.560 Bernie, man up.
00:39:16.600 Keep your nose out of Brazil. 0.96
00:39:17.780 Let the little girl and the soldiers figure it out.
00:39:20.580 You'd be a tough guy.
00:39:21.420 If you're such a tough guy, why don't you go against the Fed?
00:39:23.680 Why don't you go against Wall Street?
00:39:25.540 Bernie, it's anybody, anybody out there that backs Bernie Sanders on anything.
00:39:31.120 You just look in the mirror.
00:39:32.680 You're a joke because Bernie Sanders is a joke.
00:39:34.720 He's had two shots at Clinton and didn't do it.
00:39:36.880 Didn't lay a glove on it.
00:39:37.840 It was a pillow fight.
00:39:39.180 Wasn't even tough enough and good enough to be a my pillow fight.
00:39:41.640 It was just a pillow fight.
00:39:42.500 Matthew Tierman.
00:39:43.860 I mean, to Bernie's credit, you know, he has been a voice talking about the Fed.
00:39:48.740 Now, you know, Mark was not wrong about everything.
00:39:51.780 His critique of political economy predicted that capitalism left unfettered would concentrate
00:39:59.620 wealth so much that it would lead to cronyism.
00:40:02.700 Now, their prescription, their solution, collectivism and top-down autocracy in the distribution
00:40:07.680 of resources is totally debunked by reality.
00:40:10.600 The Soviet Union, everywhere it goes, it fails.
00:40:12.820 But the critique of political economy and the pitfalls of capitalism exist.
00:40:16.420 Now, Bernie is all talk, right?
00:40:17.920 I mean, he's a joke.
00:40:19.280 Hang on.
00:40:19.740 I got to go.
00:40:20.340 I got to.
00:40:21.440 What's your social media?
00:40:22.420 I got to go to.
00:40:23.000 I got to have to go to a guy that gets longer clips on Tucker.
00:40:26.900 Oh, please.
00:40:27.820 Tierman gets 33 seconds, but BD gets 44 seconds.
00:40:31.340 I got to teach you the technique of getting your full three minutes.
00:40:34.140 Well, you get 55 seconds.
00:40:36.000 So I guess it's.
00:40:37.460 Okay.
00:40:38.060 Give your what's your what's your social media go there before he gets arrested by the
00:40:42.060 Interpol before he gets his red notice that he gets rolled up.
00:40:45.240 But where are they going?
00:40:45.920 You're where are you going on social media?
00:40:47.480 Follow Brazil. 0.95
00:40:48.000 So at MatthewTherman, M-A-T-T-H-E-W-T-Y-R-M-A-N-D, you know, maybe we'll talk later today if I'm
00:40:55.040 not detained.
00:40:56.140 Maybe I'll just head to Brazil and, you know, get it up there.
00:40:59.120 Fine.
00:40:59.580 Okay.
00:40:59.940 I know you're on the road.
00:41:00.820 We'll track you down later.
00:41:01.780 Steve Cortez is going to join us at five to go through Capital Marks, try to get Tierman
00:41:05.560 back, too.
00:41:06.100 Very important.
00:41:07.120 Let me go to Darren Beattie.
00:41:08.120 Darren, give me your take on Brazil.
00:41:09.700 You follow the situation as close as anybody.
00:41:12.160 Give me your take as we sit here this morning before we talk about the great analysis you've got
00:41:16.660 on Cary Lake.
00:41:18.000 Well, I think Tierman's analysis is pretty much sound.
00:41:22.880 It's an outrageous thing that's going on there.
00:41:25.860 And I think they really need to push back on the evident fraud that's occurred.
00:41:31.160 And they need robust and relentless leadership on the part of Bolsonaro.
00:41:38.340 And so I hope they get it.
00:41:40.640 One interesting thing, though, is you see a lot of the same dynamics, a lot of the same
00:41:45.560 information suppression techniques.
00:41:48.320 There's a report by an organization called Foundation for Freedom Online showing how big
00:41:56.020 tech was censoring text messages in platforms like WhatsApp so people wouldn't be able to
00:42:02.800 spread political memes that would be in support of Bolsonaro.
00:42:07.700 So there's the full range of measures that we see here, plus some in order to not only directly
00:42:15.920 affect the election and manipulate it, but to manipulate it in the broader sort of contextual
00:42:21.600 and arguably more meaningful sense of controlling information flows leading up to the election.
00:42:28.160 And that's that's a very dangerous thing.
00:42:30.380 And one one last point I'd like to make about sort of the larger political dynamics and sort
00:42:35.980 of the interplay between domestic and foreign policy.
00:42:39.860 I do think it's interesting that on certain dimensions, Lula, one would think that the United States
00:42:48.620 regime, what I call the globalist American empire, would actually be more threatened by
00:42:54.400 Lula, just based on superficial things that he's telegraphed.
00:42:58.560 For instance, he's sort of adjacent to that sort of Assange, critic of national security,
00:43:05.220 state, crowd.
00:43:06.100 Yeah, no, no, no, but it's but it's it's a cultural thing that they that's my point.
00:43:11.660 That's my point is that the culture war predominates everywhere.
00:43:16.200 And there's this sort of pseudo sophisticated point that people make saying, oh, the culture
00:43:21.860 wars are just a distraction.
00:43:23.720 They're not a distraction.
00:43:25.200 They determine everything.
00:43:27.200 And Bolsonaro proves it.
00:43:29.740 OK, hang on for a second.
00:43:31.280 We have a deep analysis by Darren Beattie.
00:43:33.560 We're going to take a short break.
00:43:35.020 Be back in a moment.
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00:45:41.860 Okay, welcome back.
00:45:43.480 And by the way, everybody get up on Getter.
00:45:44.980 We got the savage angels that all day long, they're putting up on these Getter lives. 0.99
00:45:49.840 It's incredible.
00:45:50.580 It's a way for you to participate.
00:45:51.660 We also have now Vox Populi, where you can come on and tell us about your experience.
00:45:55.760 We need everybody to sign up, put their shoulder.
00:45:57.420 Well, everybody in this audience has to do something.
00:46:01.500 Either get out the vote or something about securing the vote.
00:46:04.820 And we're going to have a lot more.
00:46:05.740 We got Sonny Borelli up at 11 and others talking about securing the vote.
00:46:09.700 I want to go to Joe Crouch.
00:46:10.960 By the way, Darren B's going to drop.
00:46:12.080 He's got to drop.
00:46:12.800 He's going to join us at the bottom of the 11 o'clock hour.
00:46:15.060 Got a big thing I want to do with him, a big analysis piece.
00:46:17.940 We got to go through.
00:46:19.260 Joe Crouch from iTarget.
00:46:21.140 I want to make sure everybody, because money, you think money's tight now?
00:46:23.920 You ain't seen nothing yet.
00:46:24.820 Money's about to get real tight.
00:46:26.260 Okay.
00:46:26.520 And the Fed told you that yesterday.
00:46:27.900 Increased interest rates are going to take out liquidity out of the market.
00:46:31.240 Things are going to get quite tough.
00:46:32.600 And by next summer, we're going to be in the middle of it.
00:46:35.460 Joe, tell me why iTarget and what you've set up is a way that people can become increasingly
00:46:40.840 proficient in the safe use of firearms and in teaching how to use firearms at the same
00:46:46.580 time have a dramatic cut in cost, sir.
00:46:49.460 Yeah.
00:46:49.760 So this is our different systems that we have.
00:46:52.800 We have the iTarget Pro system and the iTarget Cube system.
00:46:56.480 And all those, both systems use a laser bullet, which goes into your actual firearm.
00:47:01.680 The firing pin hits the back of it and it shoots a laser instead of ammo.
00:47:06.560 So you can safely train or you can teach others how to use a weapon.
00:47:10.260 And you'll train more often because it's fun to do and you don't have to go to the gun
00:47:13.820 range and spend money at a gun range or waste money on ammo.
00:47:16.960 So it goes into your actual real gun.
00:47:19.780 It just slips down into the chamber and the laser's in there.
00:47:24.420 And how it works is on the iTarget Pro system, you download our app and it uses the phone's
00:47:30.040 camera to look at the target.
00:47:31.280 And let me give you a closeup of the phone here.
00:47:35.200 So as I shoot at the target, you can see on the app exactly where the shots are hitting.
00:47:47.040 So it gives you...
00:47:48.400 But here's the thing.
00:47:49.040 Here's the thing I want to...
00:47:50.120 Hang on.
00:47:50.580 Here's the thing I want to press for the audience.
00:47:52.320 Use of firearms is like in sports.
00:47:54.160 It's repetitions, shooting free throws, practicing volleyball, doing your golf swing, practicing
00:47:59.940 putting, riding a horse.
00:48:02.520 It's repetitions.
00:48:03.400 Remember that Malcolm Gladwell, the 10,000 was a 10,000 hours of doing something.
00:48:07.400 It's like firearms the same way.
00:48:08.740 It's a skill.
00:48:09.760 If you don't practice it all the time, then you lose it.
00:48:12.320 Well, particularly people are just learning about firearms.
00:48:16.280 Exactly.
00:48:16.480 Women, young people.
00:48:18.000 This is a fabulous way.
00:48:19.000 The reason we're so proud to have you as a sponsor and to work with you guys, there's
00:48:22.820 not a better way to get somebody to learn, to teach gun safety in the rudimentary aspects.
00:48:28.860 Of course, if you're very sophisticated, it's not a problem until you can do it.
00:48:31.340 And there's all types of different things to the target.
00:48:33.020 But for everybody now that is just learning to use firearms, getting firearms, there's
00:48:38.700 not a better, more efficient way or safe way to do this.
00:48:42.820 You agree with that, Joe?
00:48:44.300 Oh, totally.
00:48:45.080 Yeah, it's 100% safe.
00:48:46.660 There's no way you can have an accidental discharge when you got a laser inside the gun.
00:48:51.940 So you can safely...
00:48:53.080 I invented it when I taught my wife how to shoot.
00:48:55.760 And she was scared to touch the gun.
00:48:57.560 And it makes me nervous to want to teach her at a gun range when she's nervous holding the
00:49:01.760 gun.
00:49:01.980 So you can do all the fundamental training at home.
00:49:05.620 And it's still good to go to the gun range to experience what it's actually like to have
00:49:09.280 the recoil and everything.
00:49:10.460 But that's the secondary aspect of actually training.
00:49:14.540 You know, it's sight alignment.
00:49:15.920 It's trigger control.
00:49:17.140 It's holding a good grip on the gun.
00:49:18.820 All these things factor into your accuracy.
00:49:22.140 And so we've recently come out with the iTarget Cubes. 0.95
00:49:25.460 And those are a little more advanced as far as somebody that's a little more skilled because
00:49:29.820 they're a smaller target.
00:49:30.820 And you can place them anywhere throughout your home.
00:49:34.360 And with those, you would use the app.
00:49:37.040 And on the app, you can...
00:49:39.120 If I do a sequential drill here...
00:49:41.120 One, go.
00:49:42.200 I don't know if you can see the cubes down at the bottom of the screen.
00:49:44.660 So it tells you exactly how fast you're able to shoot each cube.
00:49:54.240 And if you wanted to do something where you were practicing like a clearing drill, like
00:49:58.120 going through your house and clearing rooms or competing with friends, you could both
00:50:01.820 have a gun and you could do the clearing drill.
00:50:04.560 So all the cubes beep at once.
00:50:09.340 And now you can shoot them in any order.
00:50:13.240 And it tells you exactly how fast you were able to shoot each one.
00:50:18.240 So how do people get access to this?
00:50:22.140 And if they have questions, where do they go?
00:50:23.980 Because we'd like to provide information to the audience.
00:50:28.080 And we know with My Patriot Supply and Birch Gold, the more they have contact and build
00:50:33.580 relationships, the easier it is for people to get involved and actually start to purchase
00:50:39.680 this.
00:50:39.880 So how do people get access to this, find out everything about it?
00:50:42.720 And then if they have questions, where do they go?
00:50:45.340 Yes.
00:50:45.740 Well, most questions are answered on our website.
00:50:48.620 There's informative videos there at www.itargetpro.com.
00:50:53.860 And they can order from there.
00:50:55.640 They can email us from there if they have any questions.
00:50:59.520 And we also are running a 10% discount with the code Bannon.
00:51:03.480 So if they purchase it with your code, they'll save 10%.
00:51:06.360 And the cubes are nice because they're, they're very portable and you can put them different
00:51:12.720 places.
00:51:13.120 So I've been working on a prototype for the San Francisco liberal.
00:51:17.100 But what we have here is, you know, if someone breaks through your security and in their underwear
00:51:23.900 and comes into your house and they only have a hammer, well now, you know, they can move
00:51:28.520 it around.
00:51:29.140 We're the only, we're the only, we're the only show in the world that the sponsors are
00:51:32.300 trolls too.
00:51:33.480 You've got to be a troll to be a sponsor.
00:51:34.900 God, I knew, I knew you were going to go there.
00:51:37.280 I didn't want to say that that's another level, but if you, if you have $250 million, you'd
00:51:43.180 think he would have some own security.
00:51:44.720 That's a topic for another day.
00:51:46.780 How do people, first off, you got the entry level where you can learn to use the, the
00:51:51.240 weapon, the firearm, uh, you can teach young people.
00:51:54.460 And then you got the more sophisticated, obviously, uh, for people that want to, you know, have
00:51:58.640 go through drills or whatever.
00:52:00.460 Once again, tell people where they go, uh, Joe.
00:52:02.900 Yeah, it's on our website, uh, itargetpro.com.
00:52:06.500 It's a letter I targetpro.com.
00:52:09.420 And again, use the code BANNON to save 10%.
00:52:11.980 And, uh, I would suggest Christmas is coming up and we get really, really busy.
00:52:16.780 And, uh, as it gets closer into December, so I would suggest getting now, uh, ordering
00:52:21.400 now.
00:52:21.980 I wouldn't wait till Christmas.
00:52:23.280 I would get on, I would get on this now.
00:52:24.920 This would be something people ought to be doing over the Thanksgiving holiday.
00:52:27.500 Seriously.
00:52:27.820 This would be a great time to, I think I get on top of this now, an early, uh, Christmas
00:52:33.560 present, a family effort.
00:52:36.040 Hey, you can start saving on ammo right away.
00:52:38.380 So, I mean, it's all start.
00:52:39.880 Joe, uh, thank you very much.
00:52:41.640 Love you guys, uh, in a great, uh, system you've created.
00:52:44.720 Very creative guy, Joe Crouch.
00:52:46.520 Thank you, brother.
00:52:46.960 Um, we're going to talk about more of these, the sponsors, and particularly with the rising
00:52:53.220 costs of everything, about how they can help, how they can assist.
00:52:56.380 Um, Tudor Dixon, next, in the war room.
00:53:10.560 War room posse, you already know free speech is under constant attack by the swamp and their 0.91
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