Episode 2358： Our Public Health Officials Are In Cover Up Mode; The American Consumer During The Christmas Season
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Summary
In this episode, I sit down with Dr. Edd doubt to talk about his work on vaccines and the potential link between vaccines and cancer risk. We discuss the impact of vaccines on mortality and morbidity and the impact on the global economy. I also discuss the recent visit to the Middle East by the Queen of Saudi Arabia.
Transcript
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this is the primal stream of a dying regime pray for our enemies because we're going with the evil
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on this people you're just not got a free shot all these networks lying about the people the
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people have had a belly full of it i know you don't like hearing that i know you try to do
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everything in the world to stop that but you're not going to stop it it's going to happen and
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where do people like that go to share the big line mega media i wish in my soul i wish that any of
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these people had a conscience ask yourself what is my task and what is my purpose if that answer
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is to save my country this country will be saved war room here's your host stephen k van
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decades this marks she's first visit to the kingdom in six years and just his third overseas
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trip since the covet 19 pandemic began almost three years ago the superpower is looking to expand its
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global alliances beyond partnerships with the west namely the united states and is turning its
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attention to the gulf energy giant the visit comes at a time of particularly strained u.s saudi relations
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due to washington's criticism of saudi energy policy regional security and human rights violations
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giving a chance for beijing to step in my story is pretty simple our story is pretty simple josh has
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done some work as well um the bottom line can i get the next slide please um the bottom line is we saw
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2020 pre-vaccine in 2021 and 22 post-vaccine there was a mixed shift from 2020 to 21 of excess mortality
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from old to young so in 2020 it was mostly old people we also saw um a mixed shift in uh
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disabilities starting to rise in may of 21 um the excess mortality has shifted so much so that it's uh
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it's pretty phenomenal what you see here in the charts before you this is not my data this is a society of actuaries
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in 2021 in ages 25 through 64 the employed people of our nation covered under group life they experienced
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a 40 percent excess mortality as quoted by a ceo of an insurance company just a 10 increase in excess
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mortality is a three standard deviation event or once in a 200 year flood so 40 is off the charts
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um what's interesting about this is that the general overall population experienced 32 percent excess
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mortality this group life uh policy holder subset is much healthier in general than the overall
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population as done by previous studies they experienced mortality 30 to 40 percent that of the general
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population so something flipped in 2021 by eight points okay thursday 8 december in the year of our lord
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2022 you're in the war room um signal not noise today two uh massive events in the world one uh in
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washington yesterday uh senator ron johnson had an incredible panel we actually had a report uh with dr
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peter mccullough coming out of that panel uh last night at the six o'clock hour uh and we're going to talk
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to all the principals in the next couple of days because of how important it was also uh steve cortez uh she
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leaves uh china having backed down from lao baijing from these protests in the streets he blinked
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gets on a plane goes to saudi arabia in a a massive geopolitical realignment you know that you don't see
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you don't see the crown prince's fist bumping um you know biden getting out of it looked like he caught
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an uber over to some hotel right here you get the red carpet you got the just like they greeted president
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trump geopolitical all the news this morning though all they're covering is uh is a um what is it a
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drug mule or uh a former nba player a wmba player uh doing a swap with a what a arms merchant uh and
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that's all morning morning meek is all over it they miss the importance of uh of uh saudi arabia
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these are the bricks this is the global south coming together standing up against a thing called a federal
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reserve note that would be a dollar steve cortez we got ed doubt i want to get into that i know
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you're quite interested in everything related to vaccines since you have personal experiences saying
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hell no uh but tell me about set the stage for us for later how big a deal is it she in saudi arabia
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with the full military guard the red the red carpet and the and the and the kowtowing to him
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you know listen it's massive and of all the blunders and mistakes and created crises of the
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biden administration perhaps the uh the one that will be most enduring tragically is dethroning king
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dollar and what i mean by that is that for a century the dollar has been the reserve currency
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of the world all important transactions worldwide are done in united states dollars because the world
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has believed in this currency the world has feared the u.s military and believed in the u.s
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currency uh that is changing now and joe biden has jeopardized that status of king dollar and here's
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why it matters it doesn't just matter if you do international business or if you travel it matters
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because reserve currency status has allowed the united states to run these absolutely out of control
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deficits to engage in exorbitant borrowing and spending at rates that have been somewhat palatable
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to the united states until now but if you lose reserve currency status steve given the overall
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indebtedness of the united states it wouldn't take very long before the united states can become a
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venezuela or an argentina argentina by the way about a century ago was one of the wealthiest countries
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in the world so please don't assume that it cannot happen that that cannot happen here it can if we're
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not careful to guard the primacy of the united states dollar and that meeting between she uh and mbz
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that indicates that their alliance is growing and they have no interest on either side of using the
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u.s dollar if you take uh lula's a stolen victory of great matthew tierman's on in the second hour
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brazil uh and somebody went in one of the comments the other day saying hey why are you spending time
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on brazil we gotta worry about the machines what would look uh saudi arabia brazil china russia
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the geopolitical alignment of these uh and i call them communists because they're actually
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totalitarians they're they're living they're living the life of riley right where everybody else in
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their in their countries are living in sweatshops but you see it coming together if lula ends up
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stealing this election in brazil you've got big league problems they're also going to tie that back
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directly to capitol hill and they're they're dumping on trump and they're dumping on maga it's all maga's
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fault it's all trump's fault uh for the senate up here on the senate and we're going to get into this
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this hour they're trying to cut deals on debt ceiling to kick it you know take the debt ceiling off
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two million uh illegal aliens as a start with an invasion of the southern border and five to eight
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million in the country they want to give amnesty for two million at the same time now they've run
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in panic back you got to keep title 42 because they know we've added them on the 20 000 a day that
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will come across they want to give and this is the senate wants to give amnesty to two million
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as a starter uh omnibus they want to do two trillion dollars unfunded totally unfunded discretionary
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spending and of course the nda the defense bill and they're sitting there saying mccarthy's got
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this big victory because he's got the vaccines off going forward hey this thing is so woke at every
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level this is why you're not getting and you know this now cortez having moved from chicago down to
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tennessee that you can't get southern you know southerners are what 60 of the military you can't
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get southerners in the military anymore how woke their parents aren't going to send these kids in
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to the woke military they don't want to they don't want to salute general white rage millie
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right and they don't want to take orders from him and i don't blame them and they and they don't want
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to serve uh secretary of defense raytheon austin lloyd austin right with his ridiculous double masks
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uh they don't want to serve in that military and you're right steve i now live in eastern tennessee
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and this region of appalachia has produced the fiercest fighters in all of american history going all the
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way back to the revolutionary times through andrew jackson uh right up until the present day
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and appalachia has really been the home of fighters who have uh have done valiant battle for america all
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over the world and these good salt of the earth people no they're not interested in serving in this
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woke military to fight in needless endless wars all over the world uh they believe in america first
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vision of foreign policy of realism and restraint which we saw under president trump and we are seeing
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the opposite unfortunately right now so you're right in that bill is it a good thing
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that they're going to get the vax mandate taken out going forward of course it is but how about
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reinstating everyone with full back pay okay that would be the actual justice regarding the vax mandate
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in the military it's obscene okay let's bring in ed dowd now ed uh yesterday and and you know you had
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dr malone dr mccullough dr harvey rish many of the all-star contributors here at the war room from day one
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and of course yourself uh your testimony walk us through what was senator johnson doing what were you guys
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trying to accomplish it's up on rumble now and we'll link to it's got i think four or five hundred
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thousand views already what was the what was the construct what are you guys trying to do what are
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you preparing for and then i want to get into your testimony uh the uh whole purpose of the conference
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was to highlight that the vaccines are not safe and they're not effective and to stick to the facts
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and open up the marginal mind there's lots of americans who don't know what's going on those of
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us on the war room and other uh independent media outlets know exactly what's going on and senator
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johnson wants to get this information out he's concerned uh and uh he wanted us to stick to the facts
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state uh what we thought and the facts speak for themselves and we're hoping to you know to flip a
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marginal mind to know what's going on so that you know we get enough of a public opinion movement that
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this wakes up the country so so walk us to by the way for for people that watch war room and watch some
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of the other shows you go on you they're very up to speed on this and we understand it's going to come
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as a real shock to people about although you can tell because of the lack of uptick or uptake i should
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say for the uh for the was it bivalent uh is i think in single digits even given the hundreds of
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millions of dollars of ads you see non-stop um so walk us through your testimony particularly because
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you've been working on this for a while and people know that you know on the show that you're a wall
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street guy you're a fund manager you come at this very analytically with your partners what was your
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testimony yesterday basically i wanted to point out that something uh devastating has happened to the
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employed population of our country and there was two sets of data that i highlighted both not mine
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although we did analyze the disability data but the society of actuaries has definitively shown
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that their group life policyholders which they've proven in studies in the past is generally much
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healthier than the overall u.s population and they died a mortality rate of 30 to 40 percent of that of
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the general population in any given year well in 2021 that flipped they experienced 40 percent mortality
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and the millennials experienced an 84 percent rise into the third quarter right around the mandates
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it's come down since then it's running around 23 percent as of q2 but the bottom line is this is a group
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that should not be experiencing excess mortality above the general population so my conclusion is the
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only thing that changed in 2021 were mandates and uh vax mass vaccination program and then when you go
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to the disability data it gets even more stark this is this u.s bureau of labor statistics uh you know they do
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the the monthly job numbers they also ask questions about disability and that number started uh going off
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the charts uh on may around may 21 may of 2021 and uh we recorded a three standard deviation event
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year-over-year rate change which on wall street is a big deal and doesn't happen that often 0.03 percent
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of the time so there was a trend change underway when you dig into the numbers it's even more
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alarming uh we showed that since may of 2021 into september of 2022 the employee population of our
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country the most able-bodied the most healthy of us about 98 to 100 million experienced a 26 percent
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overall increase in their rate of disability uh versus the general population experienced an 11
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rate of increase and uh if you want to drill down even a little further uh on the numbers the base
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for the employed uh population of disabled uh workers was 4.5 million so 36 percent rise makes that 5.7
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million so 1.2 million additional people just kind of mysteriously disappeared from the labor force
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and uh that's the that's the size of the state uh the population of wyoming and vermont combined
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so some of the labor shortages we're seeing are definitely due to this this is a national security
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concern in my humble opinion we all know the military has been vaccinated all our pilots have
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been vaccinated this is a i think it's a national security issue and uh that's that's the bottom line
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and you know one more uh factoid that's curious is when we looked at the um uh those not in the labor
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force they number about 9 million pre uh vaccine their rate of increase uh in disabilities was four
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percent or about 425 000 individuals so off a 10 million base those people obviously had a choice
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use your agency here's your host stephen k back okay welcome back um just just to mess with the war room
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audience uh cortez i hate to say we're on i hate to say tomorrow's news today right but right i will say
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that even as we spoke even as we were chatting in the a block ladies and gentlemen uh this is uh and i
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want to thank my producers for for we reorganize the show to make sure ed could open what happened at even
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as we were speaking and by the way this boggles the mind but but what just happened so this this headline
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just just hit the tape uh i'm reading this from cnbc fda authorizes covid omicron vaccines for children as young
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as six months old so this means a booster shot in other words for children who have already gotten
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the initial vaccine they are now authorized to get a booster as a six month old baby steve this is
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totally unprecedented in american history we have never as a country as public health authorities
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recommended or even allowed vaccines for groups of people who are not vulnerable to dire effects from
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the virus number one number two such brand new treatments that have not been tested historically
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right the the bar was extremely high for the fda to to recognize and recommend vaccines for children
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and the regular schedule of vaccines are vaccines that have been used for decades in this country
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quite the opposite of this this is the new reality that we live in though unfortunately in the republic
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of pfizer because big pharma uh the tail is wagging the dog and big pharma essentially tells washington dc
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including the fda what to do uh and they just simply comply and so ed you know i want to ask you about
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this because you're such an expert on the data here uh regarding children particularly babies who are now
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unfortunately at least eligible to get it uh has there been any acceptance by parents in other
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words is this actually happening are are toddlers and babies actually being injected by any uh large
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oh uh but having said that there are some people that are going to do it and that's tragic
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and uh dr uh harvey reach uh yesterday at the testimony spoke to this issue that no one
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uh under under you know 40 should be getting this shot especially babies and children you talk to
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that that there's literally no risk from covid for for this age group and it's it's it's criminal to be
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doing this the the risk reward is off the charts skewed to uh death sudden death and or uh disabilities
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and we're just injecting babies that it's it boggles the mind and uh it really makes me angry
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hey cortez let me ask you something i think i want to get the nomenclature down
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technically and correct me if i'm wrong this is really an experimental gene therapy correct it
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hasn't changed it's an experimental gene and malone who's one of the the architects of the underlying
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technology that actually allows you to do this i concurrence he says it's a experimental gene therapy
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right um what what is the bit i'll get back to to ed right here in a second but to you
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what are they seeing you have to assume they're rational particularly in liabilities and this gets
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to what de santis is doing in florida remember the immunity from from the immunity from lawsuits
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doesn't hold if you're reckless or have gross negligence right it's the standard of care
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so remember they were indemnified and by the way the uh who indemnified them and how it got
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indemnified and all that that's all going to be you know that's going to be another ugly fight because
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that's all going to come up right it's going to be drilled down on how they gave him this blanket
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immunity uh for in this phase but de santis is going to the heart of it he's saying hey you're immune
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if you show that you're not you weren't reckless gross negligence or lied about it in your in your in
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your data what are they seeing that they think that they can force this on and such a radical such a
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radical regime since the bivalent is now even with hundreds of millions of dollars spent under i think
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eight percent pickup by the american people and these are guys already got the shot this is not the pure
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bloods right what what is what is what is the republic of pfizer seeing sir in the numbers think that
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they can force this off and avoid recklessness or gross negligence you know i think here's why they got
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so cocky and so arrogant because big pharma and the corrupt public health agencies of the united
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states particularly tony fauci but all in totality all of them they saw america acquiesce and essentially
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surrender our rights during the lockdowns okay and that was very surprising i think to everybody it
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certainly shocked me disappointed me quite frankly that americans uh accepted the lockdowns but because
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we did as a people generally accept the lockdowns i think that encouraged big pharma and the public
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health authorities to get even more aggressive to say they're going to accept anything that
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we tell them to do and i think driven by pure greed and a lust for power uh they then engage in
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these vaccine mandates not even worrying about the eventual consequences well there are going
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to be consequences massive financial and i hope criminal consequences for what these charlatans have
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done to the united states and ron de santis you know i wanted to stand up and cheer when i saw that video
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of him it came out from over the weekend where he said in florida regarding covid big pharma and big
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tech they are going to be held accountable including potentially massive lawsuits because even if they
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do have immunity at the federal level i think you're right steve that immunity will be pierced even at the
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federal level but that doesn't have any effect upon the state level and attorneys general around the
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country uh can really be at the vanguard of this especially in states like florida because of the
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leadership of ron de santis where they are going to hold these companies and hold these people
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both big tech and big pharma because remember they worked hand in glove to suppress the relevant
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important information that the american people deserve to know about these treatments and you're
00:21:13.140
right they're not really vaccines by any standard definition right uh you know we call them that just
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for for shorthand uh but they are treatments and they are not riskless treatments that's for sure and
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we are learning far more about the risks particularly for people who were not vulnerable to the virus
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anyway meaning young folks and i want people to know out there too this issue believe me of the
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mandates this has not gone away massive corporations right now today are still requiring the vax as a
00:21:38.620
condition of employment and major universities in the united states are still requiring young healthy
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people to get the vax as a condition to go to school this is a relevant issue today naomi wolf's up
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there at yale where the faculty and the staff don't have to get the thing kids to come back
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listen they talk about they're they're whining and moaning about how bad maga is and how maga loss and
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herschel hey they never made the mandates a a central issue here which we could have run the
00:22:07.220
tables on the reason is they're all owned by big pharma right the problem is the problem is the
00:22:12.940
mcconnell senate the problems of mcconnell senate you want to know why they didn't win more uh senate
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seats where the money went to what candidates and what topics did you hear there was crickets on
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they never by the way we knew we had them when they never took out one ad about fauci being great
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one ad about how great uh vaccines were how vaccines to save the nation that gave us an opening
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right there nobody would go on offense because they wouldn't put any money about it why would
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they put any money because big pharma owns them lock stock and barrel ed doubt as you've seen the
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about this is the reason the signal not the noise this is why what johnson did in this workshop and
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kind of this dry run for will be testimony this thing is all moving forward right cortez this is all
00:22:54.340
this is going to be a massive firefight there's another massive firefight you're going to see
00:22:58.400
in uh in um in in starting in the new congress and and and de santa smartly is getting ahead of it
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we're going to try to get dr uh lapido on here uh who's his surgeon general who's one of the key guys
00:23:11.460
there but you're right they're going to sit there and go hey you may have a federal indemnity but you
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certainly don't have you know we've looked at ed down's numbers we've here we've looked at malone and
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mccullough and and harvey rish who used to be the senior guy with the yale uh school of public
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health one the most revered in the world when harvey rish is sitting there saying when harvey
00:23:29.940
rish tells you that no one under 40 should take this thing you should you should take that as a
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papal bull okay that is the straightest guy in the world ed down as you see the numbers how can they
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continue to what are they seeing and how are they going to try to manipulate or maneuver this
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to keep themselves out of massive liability sir given the numbers you've seen
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so first of all i liken this to a financial fraud that i've seen many times in my career
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where the executives uh just act as if there is no fraud until they get caught so they double down
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they triple down they whisper sweet nothings into those investors who still believe the thesis
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and then they sell their stock behind them so these guys are doubling down they see the numbers we see
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the numbers are everywhere for people to see the bodies are piling up the disabilities are piling up
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so in my viewpoint our public health agencies are in a cover-up mode and and and this is criminal
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negligence and malfeasance in my humble opinion so the numbers are are undeniable they see what we see
00:24:34.880
denmark had one of the most uh egregious excess mortality their excess mortality for the whole population
00:24:41.560
went up every year since 2020 21 was above 20 and 22 is above 21 they ended their vaccination program
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for those under 50 and said it's better to get covid than the vaccine which was kind of an orwellian way
00:24:54.860
to say uh your your chances of dying with the vaccine are higher so this is uh just in my humble
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opinion just classic criminal behavior and they're going to act as if everything's fine and they just hope
00:25:09.660
this goes away and gets blown off the pages but it's not going to because it's getting worse
00:25:13.660
you know you talk about tomorrow's news today uh i said the millennials experienced 23 percent excess
00:25:19.780
mortality in q2 according to the society of actuaries well i have an insider who's telling me the q3
00:25:26.220
numbers are looking uh to be 30 to 35 percent excess mortality for 25 to 44 that's it that's what we call
00:25:34.080
wall street a re-acceleration so this this is this this has to stop let me ask before you go to break
00:25:42.880
and we actually stay over because i want to ask you about your forecast for the economy and this
00:25:46.700
situation with she and saudi arabia in the dollar um give me your assessment in uh in 60 seconds on
00:25:53.860
ron desantis and what they're doing in florida sir oh that it's fabulous so you know look at the big
00:26:00.820
tobacco analogy there were lots of individual lawsuits and people tried to take down big tobacco
00:26:06.380
but they all got dismissed states attorneys general can get discovery and this is how big tobacco was
00:26:13.160
finally uh taken down and and through discovery they figured out that they knew that uh nicotine uh was
00:26:19.980
addictive and poisonous and caused cancer so this is going to be the beginning of the end i think for
00:26:26.960
big pharma and i think ron desantis is brave and i think we need to see other attorney generals
00:26:33.180
across the nation follow suit and overwhelm them with discovery okay we're gonna have dr malone on
00:26:39.660
later in the show uh we're trying to tack down a dr harvey rish we had mcculloch on yesterday try to get
00:26:44.820
mcculloch back and others that participated this is senator johnson workshop big league important okay we'll
00:26:50.400
make sure you understand all of it we're going to talk the economy cap of markets ed dabb's going to stick
00:26:54.480
around for a few minutes get steve cortez next in the war room
00:26:58.100
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okay this christmas we understand it's going to be tough and it's going to get tougher right we give it
00:28:39.700
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get him in walmart bed bath and beyond or any big box why because he's fighting for voter integrity
00:29:33.480
the armor piercing shell that is mike lindell ed i know you gotta bounce uh but your day job your
00:29:39.560
side hustle is the is this amazing analysis you've done with your partners on mortality that's really
00:29:45.920
been an eye-opener to everybody uh and only puts in high relief what big farmers trying to do when
00:29:50.840
they're trying to jam this thing into six-month-old babies um but uh your your your day job is still a
00:29:58.900
wall street you know fund manager analyst uh you know guy that that uh puts money to work
00:30:05.420
give us your assessment you got she you know you got the saudis kowtowing to she in uh in in saudi
00:30:12.320
arabia the bricks that's brazil russia india china and now others bricks plus the global south and thank
00:30:21.340
god india is still with us but the rest particularly of lula ends up stealing this um the global south
00:30:28.880
control the resources the global north controls the federal reserve the federal reserve note a fiat
00:30:35.520
currency and some other british pound etc uh tell us about your forecast and you still stick to that
00:30:41.720
jamie diamond out yesterday cortez as you know saying hey i think you'd be bumpy a lot of double
00:30:47.820
talk he said hey prepare for it all the bank ceos came out of course jim cramer came out yesterday
00:30:52.740
and said no recession don't list all this talk which means it's a great depression i'm sure around
00:30:58.940
the corner ed dowd your assessment on the economy global capital markets in the economy okay first of
00:31:06.040
all um my partner carlos has phenomenal early cycle indicators and he's been forecasting and we've been
00:31:13.160
forecasting a recession that's going to be deep in q1 and q2 probably uh the trough is q2 it's it's
00:31:20.160
dialed in it's baked into the cake the federal reserve has ratcheted up interest rates and choked up
00:31:25.080
economic activity um it are uh we put out a report in november uh detailing our early cycle indicators
00:31:34.260
and across the board we ran them again in december they all got worse so there's there's no bottom in
00:31:39.960
it's going to continue to go into um a tailspin and it's likely that the stock market the s&p 500
00:31:48.740
we're working on what's called the weekly swing high this week we had the federal reserve last
00:31:53.040
week powell and his happy talk and we had a nice little spike we think that may be ending and we're
00:31:59.360
looking at a uh a rough going in q1 so it goes january so goes the year so january looks to be a bad
00:32:05.820
month for the stock market it may be starting now uh we'll have to see how friday the friday close goes
00:32:11.980
in terms of uh global capital markets uh the dollar uh is a is a weapon okay uh we uh have gotten the
00:32:21.560
uh bricks and everybody in the globe addicted to cheap dollars and when you raise interest rates you
00:32:27.140
call the dollars home we're choking off global growth and china's hurting all the other bricks are
00:32:33.280
hurting because of the strength of the dollar and i know for a fact the biden administration thinks
00:32:38.380
they're way out of this because they really don't know how finance works they think a strong dollar
00:32:42.980
is good so they're they're going to be uh um pumping strong dollar talk as well as the federal
00:32:48.440
reserve continuing to uh raise interest rates albeit at a slower rate they're probably going to start to
00:32:54.520
moderate their rate hikes from 75 to 50 but they're still raising so it makes complete sense that
00:33:01.360
the bricks would get together to um combat this the question i have is uh how does that look how long
00:33:08.820
it's going to take there's game theory no one really wants to trust china as a new world reserve
00:33:14.660
currency so there's a lot of work for them to do to de-dollarize themselves the bad that's the best
00:33:21.980
thing we got going for us the basket of currencies you got russia iran you got russia iran uh china and
00:33:29.160
throw in uh throwing brazil under lula that's a basket i'd love to have uh ed doubt how do people
00:33:34.140
get to you to find out more about oh and in the book where they get to the book what causes uh causes
00:33:39.160
unknown yeah i got i finally got a hard copy uh uh today um i gotta get it there we go um hard copy um
00:33:48.980
it's uh you can go to amazon and order it it comes out in hard copy december 13th um it's basically a
00:33:55.800
great christmas gift to give to your relative that thinks that uh nothing is going on and that
00:34:01.640
you're crazy so uh amazon has got it ready to go if you if you want the your favorite aunt to have
00:34:09.780
that's a big biden fan to have a big pharma and msnbc to have the old screwed up face during christmas
00:34:15.540
dinner make sure you wrap up a wrap up a copy of ed doubt's book and give it to her before dinner
00:34:22.220
that'll be a great one this is a conversation piece head down by the way books fantastic another
00:34:27.240
tony lyons sky horse these brave guys coming out putting these books that's amazing ed doubt thank
00:34:31.820
you so much appreciate it talk to you next for talk to we're gonna get to you when you get back to maui
00:34:36.580
right get back into your home climate absolutely that's a big when a guy like that comes into
00:34:42.880
washington dc that's a big get okay uh cortez um i want to start there but i want to go the guys
00:34:48.040
at zero hedge we know watch the show and we love zero head particularly when especially when they
00:34:53.420
don't link to kgb front sites like strategic culture where you gotta be very careful when
00:34:58.900
you're at zero hedge you gotta watch what you're linking to um but they listened they didn't want
00:35:03.460
to get caught short here so they've been listening to cortez and and they heard the happy talk of jamie
00:35:08.500
diamond what's that first what's that story i've got pinned up on on getter that really proves the
00:35:12.720
point that steve cortez has been saying about where the american consumer really is and why this is
00:35:17.760
going to be a dark bitter christmas sir yes zero hedge uh highlights the latest fed data which shows a
00:35:24.000
trend that we've been talking about for many months uh the consumer is getting pummeled in both
00:35:29.200
directions what i mean by that is credit card debt is absolutely surging at the same time savings are
00:35:35.160
plummeting uh which just tells us that the only way middle and lower income americans were able to
00:35:40.260
cope were able to manage the biden explosion in inflation was through running up high interest
00:35:46.440
credit card debt and depleting their savings savings are the lowest they have been in 17 years
00:35:51.760
and the second lowest they have ever been in the history of tracking savings in the united states which
00:35:56.740
goes all the way back i think about 80 years so it's basically almost a century low in the savings
00:36:01.800
rate of the united states and regarding that credit card data and this is in that article that you
00:36:05.520
put posted from zero hedge it went to 27 point uh total consumer credit went to 27.1 billion dollars
00:36:11.840
from 25.8 billion the prior month so you're seeing a very significant addition of over a billion dollars
00:36:18.780
of consumer credit about 10 billion of that is via credit cards and to tie this back to what ed
00:36:24.080
was just talking about in an era where the federal reserve is still raising rates and i think they
00:36:28.500
absolutely have to okay they might be raising it at a less frenetic pace but they're still raising rates
00:36:33.400
in an era of rising interest rates this level of credit card indebtedness from people who have no
00:36:39.180
financial cushion is a recipe for disaster steve uh this is going to be a very troublesome winter
00:36:45.460
for a lot of folks especially people who are financially strapped and live in colder regions of the
00:36:50.760
country the energy bills that they are going to face this winter are going to be crushing to them
00:36:55.820
and for many of them are going to push them over the edge that's just the reality that they are
00:37:00.420
facing right now that's the sad and tragic consequence of this biden inflation so this
00:37:04.960
inflation has impoverished the middle and lower income folks in america um it is turning them into
00:37:09.920
indebted serfs they are at the mercy now of high interest credit cards and unfortunately their
00:37:15.020
prognosis at least for the near term is incredibly bleak but that's also why now let's talk about a
00:37:19.380
solution steve that's why this incoming house gop must unleash american energy that would be the
00:37:24.980
quickest stimulant to our economy overall and it would be the greatest immediate benefit to the
00:37:30.160
very kinds of people we're talking about here who are trapped um in this in this cycle of poverty
00:37:35.220
quite frankly we need to once again as president trump did unleash the full power of american energy
00:37:41.460
dominance that was so attacked by joe biden this incoming house can do that they have to be willing
00:37:46.800
to go to the mat though with joe biden on this fulcrum issue by the way on the american energy because
00:37:52.740
these are all things that could end up shutting down the government first off on this omnibus
00:37:56.900
they ought to be going through pick and shove i haven't seen any guy come on and say hey this is
00:38:00.720
where remember they've already committed to the to the architecture of reparations
00:38:05.120
reparations for climate for climate crimes and climate change where where where in the
00:38:11.760
omnibus bill it's it's worth not voting voting down just for even having a mention of that
00:38:16.720
in there because that's that's basically pleading guilty right to uh to what we did and become an
00:38:23.720
industrial power which is total and complete nonsense by the way with the ccp who happens to
00:38:28.680
be in saudi arabia today right and they're not over there talking about hydro hydroelectric power i take
00:38:34.780
it that's correct so you don't think they're talking about uh solar wind and hydro today in riyadh sir
00:38:40.640
no as a matter of fact you know when they're away from the microphones they're probably snickering
00:38:45.380
at the fact that american and western european leaders are still talking about that ridiculous
00:38:50.180
uh echo agenda which only uh enriches riyadh even further uh places like riyadh and tehran and moscow
00:38:57.520
all benefit right from the echo radical agenda of western europe and the united states of the of the
00:39:02.700
davos crowd and regarding this on this bill though too i do want to put some good news out there and i want
00:39:07.280
to hopefully reinforce and get the audience out there to reinforce these senators because you also
00:39:11.340
posted this article steve from the hill uh newspaper that there are three senators in particular who are
00:39:16.920
standing up and saying we will use every delay tactic possible to not pass this omnibus bill mike lee
00:39:23.460
rick scott and ran paul there are also three other republican senators who have said they support their
00:39:28.400
moves but the three of them are being are at the forefront of this movement and they're saying listen
00:39:31.860
we can drag this all the way through christmas and believe me most of these senators want to get home
00:39:36.820
they don't want to come home christmas night right they want to get home christmas eve morning or the
00:39:40.980
23rd or whatever so thankfully the calendar can be helpful to us here and we know that a motivated
00:39:46.220
group of senators it doesn't have to be 60 doesn't even have to be 10 a motivated small group of
00:39:50.320
senators can engage in dilatory tactics and delay tactics that are part of the senate by design uh and
00:39:55.760
they can say we are not going to pass this omnibus so please folks let's support these senators and
00:40:00.840
pressure other senators to join them and not pass this behemoth this gargantuan um permanent washington
00:40:07.840
spending spree by the way this is just to pay off all the guys are leaving here blunt and shelby and
00:40:13.260
all these big big big time big shot republicans got to pay off their donors you're actually just having
00:40:18.660
a kick two weeks they're supposed to leave the 16th but even go down to christmas you're kicking it 10
00:40:23.260
days it's not the timing it's they want to they want to get payoffs and they understand we're very
00:40:28.580
close by the way same with amnesty josh hawley and let's give josh hawley a particular shout out
00:40:33.240
his leadership he came over he came on amnesty said over my dead body i am going to maniacally
00:40:38.440
focus on this between now and the end of the year to make sure that he says it's absurd and obscene to
00:40:44.180
think you can have something so big that you need consensus the american people when you have an
00:40:47.900
invasion of southern border they try to jam in behind with another guy tom tillis a perfect example
00:40:53.360
of a mcconnell clone steve cortez yes and by the way it looks like we're going to stop amnesty
00:40:59.560
nobody can rest easy yet uh you don't want any complacency out there but it looks like we're
00:41:03.840
going to be able to stop that we can stop all of these i mean that's the point right we can't
00:41:07.520
particularly in the senate side right now then the power dynamic shifts in the new congress and all of
00:41:11.580
our power really is going to be on the house side but for now in this lame duck session most of the
00:41:16.040
power lies on the senate side and and we can stop all these uh ridiculous ideas i think we will
00:41:22.320
but it's going to take a lot of attention and i understand by the way that there's probably some
00:41:25.940
political exhaustion out there uh amongst the deplorables and amongst the american people who
00:41:29.500
worked so hard into the election right uh volunteering campaigning donating voting uh it's
00:41:35.440
understandable for people to want to sort of take a break right and just pay attention to friends
00:41:39.460
and family into the holidays but i'm warning you this is not the holiday season to take a break
00:41:43.500
because believe me in this lame duck session if we take our attention away what they will do to us
00:41:48.980
is they will completely handcuff that incoming uh republican house we can't let that happen i think
00:41:54.300
we're going to stop all of these but uh please stay on task keep the pressure on we can stop all of this
00:42:00.700
and then we can have a very new day starting in january this is why you know from mar-a-lago i'd like
00:42:06.860
to have a little incoming from there on these guys right some lead on the target because this will
00:42:11.380
this will handcuff president trump for a second term death ceiling the massive omnibus how you
00:42:17.160
finance it amnesty all the defense author awoke defense bill okay cortez gonna stick around
00:42:23.900
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i don't think there's been any changes at all we've always talked first of all we're writing things that
00:44:34.060
we think about are really being impactful the long term unfortunately the long term is not something
00:44:38.680
that is topical today and let's be clear populism is not about long-termism populism is about the moment
00:44:45.740
and let me be clear one of the greatest reasons why we have inflation is because of populism we are
00:44:51.320
doing things for the short term we're trying and so many of things i mean i could go on on the whole
00:44:55.940
short-termism of populism what we've done and created this inflation but um you know i've always
00:45:03.740
that that is that is a half-baked bond salesman that is a bond trader bond salesman that is now
00:45:10.640
the biggest asset manager in the world and he thinks he's like the sun king with his you know
00:45:15.840
his pronouncements about the global economy this guy's a clown steve cortez populism is the cause of
00:45:22.640
inflation sir you have the floor yes uh well you know uh color me shocked that larry fink the king
00:45:29.240
of the oligarchs doesn't appreciate populist nationalism uh you know actually not shocked at all because
00:45:34.780
he is globalism personified and unfortunately he's one of the most powerful people in the country who
00:45:41.300
most americans frankly have never heard of the war room audience is very apprised on who larry fink is
00:45:45.840
and what black rock is doing their pernicious uh effect upon america but but the vast majority of
00:45:51.880
americans have never heard of this man who is incredibly powerful and incredibly malevolent because
00:45:56.940
what he is doing to big business in this country a lot of folks will wonder why does big business act in
00:46:01.740
such a woke manner and there it's a multi-faceted uh cause and effect relationship of why they do
00:46:06.600
that but the biggest reason by far is is larry fink and blackrock and similar asset managers
00:46:12.960
uh like vanguard and state street these asset managers if you look at the holdings of most
00:46:18.580
major companies in america they are either the number one number two or number three biggest
00:46:22.420
holder of these companies and by the way they're doing it not with larry fink's money they're doing it
00:46:26.740
with your money uh with your pension money with the public money of your city or your state okay
00:46:31.940
that's what they are investing and and that money then gives them tremendous operational control
00:46:37.560
over the c-suites of these major corporations and what do they do with that control well they insist
00:46:42.960
on a woke communist agenda to come out of big business big business previously in previous decades
00:46:49.180
used to be an ally of the citizens of the united states you know there was a phrase forever what's good
00:46:53.740
for general motors is good for america and you know it was somewhat trite but that was largely true
00:46:58.100
well the exact opposite is true now and it's mostly because of the asset managers broadly and because of
00:47:04.860
larry fink specifically so he's an absolute scam i consider him to be really a corporate gangster
00:47:11.060
in many ways and uh steve we talk a lot about how we need to take on big tech and i believe we need to
00:47:15.980
break up big tech and that needs to happen in the next republican presidency whoever the america first
00:47:20.880
leader is that we elect in 2024 let me also say this we need to break up big money we need to break
00:47:26.880
up these asset managers they are far too big they have far too much power over american society much
00:47:32.840
too much too concentrated and particularly as it relates to larry fink so we need to break up big tech
00:47:38.660
and we also need to break up big money esg is nothing more than uh than social justice warrior
00:47:46.060
based upon these bizarre theories and they're forcing companies to and because the season the
00:47:51.020
corporation guys are all cowards right moral cowards they can be in the club and keep the job and keep
00:47:56.500
the big uh the big uh options package and you know be able to go to the harvard club and hang out and be
00:48:02.420
accepted they'll do anything they they will kowtow to anybody but larry fink is the guy that's putting
00:48:08.200
in there and of course just like you know and this is what's interesting about governor de santos
00:48:12.580
ken griffin and singer the guys in back of him are as bad as they come right and and and you've got
00:48:17.960
a question now they're selling the c center for his inauguration for a million bucks a piece governor
00:48:22.460
santos you should not be doing that okay stay away from these guys they're bad news but he's going
00:48:28.220
after larry fink he said was it two and a half billion dollars yeah of the of the pension fund under
00:48:33.160
management if he keeps to see if the esg stuff is is is part of his program boom and there's a
00:48:39.340
legislature in texas is a peanut uh think to come down there and testify about how much money they've
00:48:44.920
left on the table for the pension funds because he's going after these radical ideas thinks uh
00:48:49.900
offensive move right here is to come after populism just like just like um uh just like ken griffin said
00:48:56.300
the biggest enemy he's got right now is populism these asset managers understand we're coming for
00:49:00.800
him don't they steve cortez sure no listen i mean they're malevolent but they're very smart so they can
00:49:07.020
see uh that we we pose a big political threat to them thank goodness and uh what ron de santis did
00:49:12.540
in florida was fantastic by the way if somebody like ken griffin thinks that he's buying ron de
00:49:16.640
santis i think he's got another thing coming ron de santis has shown time and again his willingness
00:49:20.880
to take on incredibly powerful corporate interests in his state including black rock hang on i i got it
00:49:27.740
he's going to black rock he's going to big tech he's going to do hey i love it all and he's he's running
00:49:32.540
as a populist i'll feel a lot better when he sends the money back okay i hear here's the thing with
00:49:38.260
de santis here no here's but here's when trump won in 16 this is why i fought so hard having that huge
00:49:43.740
inauguration i said you know mr president-elect you don't you're not beholden to anybody just the
00:49:50.680
american people right he took because nobody gave me any money he would literally did it without any
00:49:55.600
really any big donors no corporate donors it was unique in american history once they get the hooks in
00:50:01.120
you they want something for it it just is i think governor de santis now he just started rejecting
00:50:05.660
the million dollar seats he doesn't need it the p the problem is you're going to see these consultants
00:50:09.960
around him they're going to tell him non-stop you got to build your war chest the war chest should just
00:50:14.580
be the hearts of the american people because hey look de santis are going after him steve he's going
00:50:20.000
after big pharma he's going after at least black rock the big asset manager because of esg he's going
00:50:25.340
after big tech he's going after disney right and they're accusing him of getting soft but hey he's got
00:50:30.940
the fight right now is that is that your assessment no 100 and by the way whether it's florida or any
00:50:36.540
other red state there are 22 states in which we have total control right of the legislature and the
00:50:40.720
governor's mansion those 22 states should have exactly zero dollars invested with black rock okay
00:50:46.880
all public money from red states needs to be pulled from black rock and similar i don't want to
00:50:52.200
single out only black rock i think they're the worst example and they're by far the biggest and the
00:50:56.020
most powerful uh but all of these asset managers the major ones act in concert with each other and
00:51:00.780
inflict this woke communist agenda upon businesses in the united states which is then inflicted upon
00:51:05.160
their employees uh and upon the country as a whole so uh public money as a starting point public money
00:51:11.040
from those red states needs to be gone from those asset managers it would do wonders for the american
00:51:16.000
economy it would do wonders for our society as a whole and uh and it needs to happen and ronda
00:51:20.900
samus is leading the way on what i hope becomes a burgeoning and growing movement uh steve uh give uh real
00:51:26.940
quickly how do people get to your sub stack everything on getter you've got all your writings
00:51:30.940
yeah you bet find me on getter i'm at steve on twitter i'm at cortez steve cortez women ass thank you
00:51:36.160
sir okay brother uh make sure tpusa.com phoenix 17th to the 20th we're gonna be doing the show live i'll
00:51:45.280
talk more about it in the second hour the gathering america fest great way to end the year better way
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