Bannon's War Room


Episode 2451: Davos: The Oscars For The Globalist Empire


Episode Stats

Misogynist Sentences

8

Hate Speech Sentences

20


Summary

On today's show, Stephen K. Beck is joined by special guest Eli Crane to discuss the debt ceiling crisis and the media's role in it. He also talks about the "Great Awakening" and why Davos is so obsessed with it.


Transcript

00:00:00.960 This is the primal scream of a dying regime.
00:00:05.900 Pray for our enemies, because we're going medieval on these people.
00:00:11.120 You're just not going to free shot all these networks lying about the people.
00:00:15.420 The people have had a belly full of it.
00:00:17.360 I know you don't like hearing that.
00:00:18.760 I know you've tried to do everything in the world to stop that,
00:00:20.520 but you're not going to stop it. It's going to happen.
00:00:22.700 And where do people like that go to share the big line?
00:00:26.120 Mega Media.
00:00:27.020 I wish in my soul, I wish that any of these people had a conscience.
00:00:32.900 Ask yourself, what is my task and what is my purpose?
00:00:36.660 If that answer is to save my country, this country will be saved.
00:00:42.940 Warwick. Here's your host, Stephen K. Beck.
00:00:51.980 What does it need to master the future?
00:00:55.100 I think to have a platform where all stakeholders of global society are engaged,
00:01:05.940 governments, business, civil societies, the young generation, and I could go on,
00:01:12.480 I think is the first step to meet all the challenges.
00:01:20.080 Instead of reaching out to the very extreme members of the far right,
00:01:25.640 if Kevin McCarthy wanted to strike a deal with the moderate members of the Democratic Party.
00:01:31.480 That's not something he did.
00:01:32.800 It's not something, quite frankly, Speaker Pelosi was wont to do, reach across the aisle.
00:01:36.980 And I think as we've seen the nation pushing us ever more towards moderation and towards bipartisanship with these tight, tight groups of people.
00:01:49.160 I mean, the Senate was 50-50 in the last cycle.
00:01:53.540 We had a very slim majority for Democrats, now a very slim majority for Republicans.
00:01:57.920 The nation's pushing us towards moderation.
00:02:01.340 And yet, when you don't have speakers reaching across the aisle, you have them beholden to the extremes of the party,
00:02:08.340 which is, I think, bad for the country and bad for the moderate center.
00:02:11.480 So, if McCarthy chooses to continue moving forward with these extremists, you know, I'm very concerned about the debt ceiling
00:02:22.360 and what that might mean for our ability to raise it.
00:02:26.460 However, I think there will be opportunities for all of us in the House to work together to make sure that the must-pass legislation gets passed.
00:02:35.960 And I think that could be really good for Congress and really good for the country.
00:02:39.300 Good morning, extreme members of the far right.
00:02:44.580 Yes, they would be talking about you.
00:02:46.140 And Davos is obsessed.
00:02:47.560 Do you ever figure out why Davos is so obsessed and the mainstream media is so obsessed with you, this audience?
00:02:53.560 Why are they so obsessed with it?
00:02:55.160 Because you have a power.
00:02:58.240 You have leverage.
00:02:59.200 They understand that.
00:03:00.580 In the awakening, the great awakening, obviously we have a spiritual great awakening going on,
00:03:05.120 but it's also a great awakening of the deplorables in MAGA, of exactly what the power and the leverage that you actually have.
00:03:12.920 It's all about the debt ceiling.
00:03:15.600 And what I mean by that is that's what Mickey Sherrill, I think she's Naval Academy, helicopter pilot from, I think, New Jersey.
00:03:23.100 No moderate.
00:03:23.900 There's nothing moderate at all about the Democrat Party, nothing.
00:03:28.000 Their social platform is the most radical extreme platform ever.
00:03:32.300 She votes in party line with Pelosi all the time.
00:03:35.180 These people are absolute radicals, and they understand that the only way they keep this con going is the parents have to increase the credit card.
00:03:43.180 Well, hello, parents.
00:03:44.340 We're not going to increase the credit card.
00:03:46.020 But everything you're hearing out of Davos right now, it's all, man, hey, the economy, I think it's coming back.
00:03:51.360 Artificial intelligence is doing this.
00:03:52.900 We've got climate change, these polycrisis, but, man, we've got the economy is going to just roar back.
00:03:58.460 And China, Li He, who I know extremely well, he was the lead negotiator for the Chinese on the deals, on the lighthizer deal that cratered,
00:04:07.640 and then the skinny deal that we got done right when Li He and his contingent came over here after they knew, when the CCP knew that they had a COVID crisis over there that came here in January of 2020, that was Li He.
00:04:20.600 But he's telling us China's back, and we want to be part of the international community, and it's got to be globalization, globalization, globalization.
00:04:27.780 So they're completely freaked out about populism.
00:04:30.560 They're completely freaked out about nationalism.
00:04:32.220 They're completely freaked out at every level, at every level about the deplorables in MAGA, in America First, actually saying, mm-mm, not going to do that anymore,
00:04:43.320 and particularly the debt ceiling, all these big issues, and sprinkling the 20, you know, the honorable 20, the heroic 20,
00:04:51.780 and, of course, the magnificent six are being rewarded with major, major, major committee assignments, and that's even freaking them out more.
00:05:00.820 You know, Lauren Boeber is on oversight.
00:05:03.640 You've got Eli, the great Eli Crane is on Homeland Security, which will be the lead of the impeachment of Majorca.
00:05:09.960 So we're going to get to all that.
00:05:12.600 Davos is completely, totally in spin mode.
00:05:16.940 Is Klaus Schwab, is he the best?
00:05:19.320 I mean, you couldn't make up, he's like Santos.
00:05:21.900 If you were in Hollywood and pitched these characters in a meeting with film executives, they'd throw you out of the room.
00:05:27.380 You know, Santos is Zelig meets Forrest Gump meets the talented Mr. Ripley, right?
00:05:35.580 That's what we call him, the talented Mr. Santos, right?
00:05:37.820 Now he's killing dogs this morning on Morning Joe.
00:05:40.580 He's a dog.
00:05:41.020 He's killing dogs, innocent dogs.
00:05:43.400 And, of course, you've got Klaus Schwab, who's a Bond villain, to master the future.
00:05:48.960 You notice when he goes through the list of the stakeholders, you notice he doesn't say deployment.
00:05:53.960 But, Klaus, come on, come on, bro.
00:05:57.040 How about the deplorables?
00:05:58.140 Put the MAGA.
00:05:59.380 How about MAGA as a stakeholder?
00:06:02.340 Because, bro, we are a stakeholder.
00:06:04.260 It's called command by negation, okay?
00:06:06.900 And we're negating a lot, all the madness, including the Ukraine war, this massive, the $300 trillion that you did for your Great Reset and Build Back Better, right?
00:06:17.720 $300 trillion, you got that?
00:06:19.400 With all this happy news, of course, Microsoft announced today biggest layoffs in the company's history, 10,000 good-paying, high-tech jobs gone.
00:06:29.760 Goldman Sachs, $3,200 the other day.
00:06:31.660 Steve Cortez reminds me, biggest layoff Goldman Sachs has ever had.
00:06:35.740 And their numbers came out last night, horrible miss, because expenses out of control, bad bet on consumer.
00:06:42.280 There's more to come.
00:06:43.100 There's more to come in finance and big tech, more to come, and many more layoffs.
00:06:48.320 But they're telling me the economy's great.
00:06:50.100 China's going to lead us back.
00:06:51.340 It's all good, because they're laying it out.
00:06:53.260 They've got to set the predicate.
00:06:55.020 They've got David Brooks of the Atlantic.
00:06:56.960 Here's what they're saying.
00:06:57.760 It's so good, and we're roaring back.
00:07:00.820 The only thing that can hurt us is these extremists on the debt ceiling.
00:07:06.180 We're going to get to all that.
00:07:06.820 Let's go to Davos, where it's all happening, the railhead of this madness.
00:07:12.280 I want to go to Noor bin Laden.
00:07:13.980 Noor, can you give us an update on really the day two of the work there?
00:07:18.220 What's going on, ma'am?
00:07:20.700 Hi, Steve.
00:07:21.600 Yes, the first thing I'd like to say in response to what you were just saying in your monologue,
00:07:26.520 this is exactly right.
00:07:27.740 They are terrified of a return to the 1776 spirit.
00:07:32.900 This is exactly what they're trying to destroy, because what the Founding Fathers stood for
00:07:38.200 is the exact antithesis of what the globalists are working so hard to implement for humanity.
00:07:46.800 They bring in this panel of ANOs, as I call them, the Americans in name only,
00:07:53.300 to talk about what's going on in terms of politics in the U.S.
00:07:58.020 and the theme, you know, I mean, the title for the panel was America on, you know, in
00:08:07.140 parenthesis bound, and they're talking about the state of politics there and how you have
00:08:11.640 all these extremists.
00:08:12.720 We're all extremists.
00:08:13.720 Anyone who doesn't adhere to this agenda are extremists, and the messaging has just been
00:08:19.820 repeated ad nauseum for the past few years, and they even manufacture things such as insurrections
00:08:26.520 in order to justify pushing this narrative onto the people.
00:08:31.780 And apart from that side note of that specific panel, all the panels that have been taking
00:08:39.220 place so far very much center around what we've been discussing the last couple of days around
00:08:45.780 the digitization of all aspects of society.
00:08:48.900 And that goes hand in hand with climate change, which is the children horses I mentioned, which
00:08:54.640 will enable them, thanks to all the advances in technology, the Internet of Things, 5G progress
00:09:02.860 in the science of metrology, that will allow them to measure everything, everywhere, at all times.
00:09:11.800 And they have then these different panels that go into this, the nitty gritty of the implementation
00:09:20.000 of such a system whereby we would all be hooked on a grid, but as I mentioned, with a very big
00:09:25.700 focus on climate change.
00:09:27.900 So the different panels range from mastering new energy economics, decarbonization, infrastructure
00:09:34.960 for a clean energy economy, bending the emissions curve.
00:09:40.340 And all of this is tied in further with twinning energy with digital, building momentum towards
00:09:47.140 COP28, again, with regards to climate change.
00:09:51.860 So this is very much the rollout of the different ways or the different angles through which they
00:10:00.060 will implement such a system whereby everything is just digitized.
00:10:03.480 And I'm repeating myself from the previous days, but really climate change is what they're going
00:10:08.940 to use to put forward this system.
00:10:12.660 Nor, your reporting yesterday and the day before was dead spot on.
00:10:17.480 Today on all media, they're connecting also climate change and others with mental health,
00:10:23.120 and particularly mental health of younger people.
00:10:26.720 Are they that blatant over there as mental health?
00:10:29.680 Because I know they've got climate change and kind of our savior is going to be AI.
00:10:33.480 But they're also getting into this mental health thing all day today, kind of carpet bombing
00:10:37.600 it on both CNN, MSNBC, all the major papers.
00:10:41.860 Is that also a big element, as you reported before, that you're seeing this whole issue
00:10:46.180 of mental health?
00:10:48.280 Absolutely.
00:10:48.980 There's a specific panel today dedicated on that very topic.
00:10:53.220 And this goes hand in hand on a larger scale with the whole demoralization, brainwashing techniques
00:11:00.400 of the 20th century, these mass psychological operations that they launch on the population.
00:11:08.380 It's very obvious with the example of climate change.
00:11:11.440 They've essentially brainwashed our generation to be so terrified about this so-called climate
00:11:17.760 change.
00:11:18.760 And again, it's always the same flavor.
00:11:20.880 They use fear as the mechanism to then voice these policies on a willing population who are
00:11:29.760 just so terrified that they'll accept these savior-like propositions that they put forward.
00:11:36.640 Again, the same playbook, problem, reaction, solution, and climate change, just as a so-called
00:11:43.060 pandemic, is one of those cases.
00:11:45.480 You know, that gets to your first point about the spirit of 1776.
00:11:50.900 If anything, from the spirit of 1776, that one-third of Americans that really were patriots
00:11:56.360 and fought, it's not simply liberty and freedom.
00:12:00.380 It's the grit and cussedness and determination that you're going to take on all odds to do that.
00:12:07.140 Is that what you're saying?
00:12:08.000 That's the counter?
00:12:08.660 They're trying to break that?
00:12:09.680 That's the spirit they're trying to break?
00:12:11.180 And they come at you with all these massive, whether it's a pandemic, whether it's a poly
00:12:15.300 crisis, whether it's climate crisis, and all the young people are somehow got to be on
00:12:20.840 some sort of drug because they're completely depressed.
00:12:22.880 Is that the spirit of 1776 they're trying to crush?
00:12:27.040 Absolutely.
00:12:27.860 100 percent, Steve.
00:12:29.320 And I come back, you know, to my letter to America, where I specifically talked about
00:12:33.560 this point where they captured so many aspects of our society, modes of communication, education
00:12:39.560 system, and it just breaks my heart when I see, you know, these younger generations of Americans
00:12:46.080 who know very little about their history.
00:12:48.440 But that is exactly by design because an uninformed population is a population that is easily
00:12:54.720 controlled.
00:12:55.780 And we are all, I mean, the population at large has just been lulled in this complacency
00:13:01.700 and apathy and just willingness to accept these measures without knowing that they're signing
00:13:07.720 themselves up to the slaughterhouse because we are completely uneducated.
00:13:12.860 Again, we come back to the topics of education, but precisely as well censorship and the stranglehold
00:13:19.860 that the globalists have on the media.
00:13:21.980 And this as well is a very important theme here at Davos throughout the week with panels
00:13:27.320 on disinformation and distrust to share the titles of two of those, The Clear and Present
00:13:34.060 Danger of Disinformation, which took place yesterday with, you know, Brian Stelter.
00:13:39.400 We know on which side he's on.
00:13:41.400 And then there's another one called Disrupting Distrust.
00:13:45.480 So shaping narratives and controlling narratives is a major theme as well this week because
00:13:52.200 we did such a good job, those of us who are calling out these machinations over the past
00:13:57.840 few years, as we mentioned the other day, to the point where they're changing the nomenclature
00:14:02.880 that we can for sure expect further efforts to crack down on our speech.
00:14:10.820 And this, I don't know who, which Eino was it yesterday who was talking about free speech
00:14:16.480 and how we have to curb Munchkin or Munchkin or Munchkin, Munchkin we should call him, I
00:14:22.120 guess, who was talking about this.
00:14:25.000 And no, free speech is absolutely the cornerstone and what will save us.
00:14:31.320 So that's why I'm fighting so hard for America, because you are the blocker to the globalist
00:14:38.320 agenda.
00:14:41.060 Nora, hang on for one second.
00:14:42.520 I know it's cold, but just hang on for one second.
00:14:44.080 Short commercial break at Nora Bin Laden.
00:14:45.620 We have Larry Alex Taunton in Davos and, of course, Steve Cortez.
00:14:51.000 All next, right here.
00:14:52.760 Keep it tuned in to The War Room.
00:14:59.540 Will the lack of a red wave during the midterms lead to a more emboldened Biden, more wasteful
00:15:05.500 government spending, higher taxes, a deepening of inflation?
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00:16:02.240 Do it today.
00:16:03.400 Take action.
00:16:04.280 Use your agency.
00:16:04.940 ...room and the news publishing perspective, and then we'll work our way toward some of the
00:16:09.960 political parts of the conversation.
00:16:12.940 How does this discussion of disinformation relate to everything else happening here today
00:16:18.400 in Davos?
00:16:18.920 Well, first, thanks for having me as part of this conversation.
00:16:25.300 As you can imagine, this is something I really care deeply about.
00:16:28.960 So I think if you look at this question of disinformation, I think it maps basically to every other major
00:16:36.860 challenge that we are grappling with this society, and particularly the most existential among them.
00:16:41.680 So disinformation and the broader set of misinformation, conspiracy, propaganda, clickbait, you know,
00:16:51.140 the broader mix of bad information that's corrupting the information ecosystem.
00:16:58.140 What it attacks is trust.
00:17:00.820 And once you see trust decline, what you then see is societies start to fracture.
00:17:07.720 And so you see people fracture along tribal lines, and that immediately undermines pluralism.
00:17:18.840 And the undermining of pluralism is probably the most dangerous thing that can happen to
00:17:24.160 a democracy.
00:17:24.940 So I think if you're spending this week thinking about the health of democracies and democratic
00:17:30.720 erosion, I think it's really important to work your way back up to where this starts.
00:17:35.100 Yeah, yeah, we're worried about that.
00:17:38.860 That's where we control the House.
00:17:40.360 And now, as media is reporting, we control all the important committees.
00:17:44.480 And this is all about the debt ceiling.
00:17:46.060 This is about money, power, and control.
00:17:49.240 OK, and we're in fifth generation warfare, or as the Chinese Communist Party calls it, unrestricted
00:17:55.540 warfare.
00:17:56.140 This is the psyops, information war, cyber part of that war.
00:18:00.100 This is the way we also cut the defense budget with economic warfare.
00:18:04.360 You can cut $100 billion out of the defense budget.
00:18:06.740 Disinformation, misinformation.
00:18:08.640 Steve Cortez, Brian Stelter, a long way from Towson State to now the Harvard Politics Institute.
00:18:16.700 That little kind of Humpty Dumpty is resurrected himself at Davos leading at disinformation.
00:18:21.940 But for the audience, for the audience in particular, what I want you to do is go back to impeachment,
00:18:27.000 to pandemic, what you've watched and listened to the last couple of years.
00:18:30.580 You're thinking adults, weigh and measure what you hear in the war room and about all the
00:18:35.140 topics we talk about and how the mainstream media covers it.
00:18:38.180 It's a free country.
00:18:39.260 Just weigh and measure it.
00:18:40.200 You come to your own conclusion.
00:18:41.740 You talk about disinformation, misinformation, and clown information.
00:18:45.620 But Noor's right.
00:18:46.740 It's all narrative control.
00:18:48.500 Is it not, Steve Cortez?
00:18:50.700 100%.
00:18:51.180 And, you know, who knew, right, that we would need Davos to resurrect and bring back the
00:18:55.980 potato, Brian Stelter.
00:18:57.740 He's back.
00:18:58.760 And by the way, the audacity of Stelter and then the editor of the New York Times,
00:19:04.320 Salzberger, to be talking to us, to be lecturing us about the truth from news organizations,
00:19:10.020 formerly CNN, currently New York Times.
00:19:11.820 For example, among the many hoaxes that they have perpetrated for years, the entire Russia
00:19:16.580 hoax fiasco, one gigantic lie that continued throughout the Trump presidency, which was
00:19:22.900 inflicted on the American people, largely by those very corrupt institutions and those
00:19:26.900 platforms.
00:19:27.440 And by the way, speaking of anyone who uses the term disinformation or misinformation,
00:19:32.760 tune them out immediately.
00:19:33.860 Because that is somebody who is trying to force narrative down your throat, and they're going
00:19:38.500 to use the guise of supposedly cleansing the information highway to do it.
00:19:45.360 So the phrase in and of itself is absurd.
00:19:48.620 By the way, speaking of lack of trust in media, if we can show chart number one, I want to show
00:19:52.360 this over time.
00:19:53.180 This is a poll from Gallup that goes back 50 years, all the way to the early 1970s.
00:19:58.500 And they ask a simple question.
00:19:59.520 Do you have trust in corporate media, in mainstream media?
00:20:03.040 That number has been cascading lower for decades.
00:20:07.120 It has, in fact, been cut in half.
00:20:08.600 The number of people who say they have a great deal of trust in media, 50 years ago, it was
00:20:13.300 68% of Americans, a strong supermajority.
00:20:16.320 That is the top line, the darkest green line there on the chart.
00:20:20.020 68% said they had a great deal of trust.
00:20:22.380 That has been cut in half to only 34%.
00:20:25.820 The lower line, the dotted one at the bottom there, that's sort of the lime green line,
00:20:30.640 people saying that they have no trust, none, in media.
00:20:34.020 That number was only 6% in the early 1970s.
00:20:38.120 It is now 38%, more than six times higher, who say they have no trust in the corporate
00:20:44.400 media.
00:20:45.360 Steve, it's terrible news for the country.
00:20:47.380 It is great news for your show, though, because it shows why your show is so badly needed,
00:20:51.420 why it is so successful, so wildly popular.
00:20:53.880 I travel a lot everywhere I go, all over the United States.
00:20:57.060 Strangers introduce themselves to me and immediately start talking about how important this show,
00:21:01.720 the War Room, is to them and how proud they are to be part of the War Room posse.
00:21:05.580 So you are doing great work in a field that is, unfortunately, entirely corrupted, basically,
00:21:11.040 outside of this show.
00:21:13.720 I've got the easiest job in the world.
00:21:15.360 All we have is a platform we provide for some of the smartest commentators, analysts, and
00:21:20.640 contributors, guys like yourself.
00:21:21.900 I want to go to Noor off of that.
00:21:23.980 Noor, how was Stelter and Salzberger received?
00:21:29.120 I take it the minions of Davos, the Grand Dunes.
00:21:34.060 Davos, man, is lapping this up nonstop on the narrative that the extremists, that the
00:21:42.120 MAGA extremists are, what did Salzberger say with knitted brow, this misinformation and
00:21:47.080 disinformation is the core of every major issue today, ma'am?
00:21:51.980 Listen, all these people get the red carpet rolled out to them.
00:21:55.740 And as I said yesterday, they're all drunk on their scraps of power.
00:22:00.600 But for sure, especially Americans who are actively working against their own country in favor of
00:22:09.080 helping push the globalist agenda, they are being treated very well here, much better than
00:22:15.780 independent journalists calling out the globalist machinations and speaking badly in their eyes
00:22:24.780 of the forum in itself and the agenda.
00:22:30.940 And to that point, just one thing.
00:22:33.260 Go ahead.
00:22:33.780 To that point, speaking again about the ANOs and the panel they had yesterday, I mean,
00:22:38.500 they were so unhinged and that Salazar woman was so unhinged, how she was speaking about
00:22:44.640 Americans and how they should keep bankrolling this manufactured crisis in Ukraine, like without
00:22:51.720 any limits because, you know, she's from Cuba and so understands something about communism,
00:22:56.960 supposedly.
00:22:58.060 But the thing that I just want to say to wrap up and more in general terms is that here at
00:23:03.180 the WEF, there's one thing that we have to understand is that they, with the capture of
00:23:08.500 all the information ecosystem, as they mentioned on the panel yesterday, they are using the illusion
00:23:15.680 of openness and transparency to push controlled change while quelling public distrust.
00:23:24.180 And so everything about the disinformation and misinformation industry, as they've coined it,
00:23:31.440 is about just keeping the naive public uninformed so that they just can keep pushing their control
00:23:39.320 change on us.
00:23:42.080 No, what they feed off of is low information voters.
00:23:44.880 And that's why we, in the show, we try to pump out as much information, the immersive experience
00:23:48.640 as possible.
00:23:49.520 If you get the information, you will understand how they kind of control you and quite frankly,
00:23:53.920 how to basically crush you economically so they can live better.
00:23:58.500 Nor, I know you're putting stuff up all day long.
00:24:01.140 And we'll try and get you back on the evening show.
00:24:02.640 How do people get to you?
00:24:04.980 Yeah.
00:24:05.240 And this is something that the founding fathers understood perfectly well, how important and
00:24:10.940 how much of a cornerstone free speech was for precisely that reason.
00:24:14.900 So my handle, both on Getter and Twitter, is at Norville Mottin.
00:24:19.440 Thanks so much for having me on, Steve.
00:24:22.700 Nor, thank you so much.
00:24:24.040 Great, great reporting.
00:24:25.420 By the way, Cortez, she nailed Salazar.
00:24:27.700 We're going to get to Salazar after the break because I know you've got a particular, we
00:24:31.080 only, we could only get a small clip of her madness, but it was, it was, it was a beautiful
00:24:36.940 to behold and remember she's a Republican.
00:24:39.780 Let's go to Larry Alex Taunton, who's also there with Fixed Point.
00:24:44.480 Larry, you wrote some great pieces over at Daily Wire in the lead up to this about Klaus Schwab
00:24:48.760 in the, in the, in all of Davos and what they're trying to do with the World Economic Forum.
00:24:53.300 Has actually being there in person lived up to your expectations?
00:24:57.760 Both yes and no, Steve.
00:25:00.540 I mean, on the one hand, I mean, this, this kind of reminds me of that old Bond movie,
00:25:05.720 you know, on Her Majesty's Secret Service.
00:25:07.940 And you have, you have, you know, Kojak, Telly Savalas, you know, petting the cat high in
00:25:14.000 his Alpine retreat.
00:25:15.740 You know, that's what Davos is.
00:25:17.340 You know, it's, it's just a ski town like any other ski town that you would find, a
00:25:23.480 little ski village that you would find scattered throughout the Alps and, uh, and the Pyrenees.
00:25:29.300 However, um, you know, kind of what's disappointing when you get here is that it's, you know, it's,
00:25:36.100 it doesn't quite live up to your, your, all of your expectations.
00:25:39.720 And yet, getting here, Steve, I immediately understood a few things that I, that I just
00:25:46.240 simply couldn't understand from far away.
00:25:48.720 And one of those things is why the John Carey's and the, you know, Gretchen Whitmer's and, you
00:25:55.740 know, people like that want to come here.
00:25:58.200 And you realize that it's because here, where they're not popular at home, I don't know that
00:26:04.140 they could, you know, attract flies, you know, at a, uh, you know, at a luncheon, you know,
00:26:09.560 at least not at my state.
00:26:11.400 Um, but here they're treated like rock stars.
00:26:15.280 I mean, this is the Oscars for globalist politicians.
00:26:19.920 And you, you sense that when you're here because you have all these young people, you know, walking
00:26:24.400 around with their, their, uh, world economic forum swag and wearing hats and say things like,
00:26:30.820 you know, silly things like I'm a global citizen, you know, and, and, and this kind of thing.
00:26:36.960 And they're all trying to get a look at these people who are part of the globalist pantheon.
00:26:45.600 And, you know, those are, those are just things that you, you were not going to perceive from
00:26:50.060 being far away.
00:26:50.740 You needed to be here to see it.
00:26:54.180 And incredibly perceptive.
00:26:55.760 And tell you, Larry, hang on for a second.
00:26:57.260 We're going to, we're going to take a break.
00:26:58.500 I got Cortez, we got a lot more clips.
00:27:01.160 We're going to talk about the economy, big news coming out of there in the capital markets.
00:27:04.420 We're going to get to all that.
00:27:05.200 But I think Larry said something.
00:27:06.760 It is the Oscars of globalization as the, as the, uh, economist tells us, which is the,
00:27:12.440 uh, the trade magazine for Davos, the world economic forum.
00:27:16.020 They're nervous because globalization is coming apart.
00:27:19.400 Why is it coming apart?
00:27:20.360 Because of populism, nationalism, America first.
00:27:23.580 Uh, people want the manufacturing jobs back here.
00:27:26.460 They want protectionism.
00:27:27.500 They want high value added jobs.
00:27:29.520 And, uh, the, the globalist project is over.
00:27:33.740 Of course, we're going to fight tooth and nail in that every day.
00:27:36.680 They're not just going to give up.
00:27:38.060 They have power.
00:27:38.740 They have control and have money and lots of it.
00:27:41.540 That's the whole thing about the death ceiling.
00:27:43.140 Death ceiling fight is to stop using your credit card.
00:27:47.460 They're using your credit card to destroy you.
00:27:49.820 Think about that for a second.
00:27:50.960 That's the whole purpose of this fight.
00:27:52.380 If you pull the camera back, they're using your credit card to destroy you, your family,
00:27:57.180 the future generations.
00:27:58.940 Short break.
00:27:59.760 Larry Alex Taunton is in Davos.
00:28:01.640 Steve Cortez is riding shotgun.
00:28:03.480 We'll be back.
00:28:03.920 Fair warning.
00:28:04.760 Listen to this convicted home title thief explaining what happens when he forges your home's title
00:28:11.220 and takes over as the new owner.
00:28:13.960 Nobody thinks that I can take their house and borrow against the house.
00:28:16.680 Oh, no, I have title insurance.
00:28:18.240 It's in my name.
00:28:19.360 Or he would have to get some special document.
00:28:21.540 They would call me.
00:28:22.900 You know, nobody's calling you.
00:28:24.640 You're living in a delusion.
00:28:26.340 After I've stolen the title, borrowed against it, or sold the property,
00:28:29.600 it's 60 to 90 days for that person to even figure out that they're the victim of this crime.
00:28:34.120 You start getting foreclosure notices.
00:28:36.000 You've got four mortgages on your house.
00:28:37.760 You don't even own your home anymore.
00:28:38.960 It's not even in your name.
00:28:39.820 Home title fraud is growing two and a half times faster than credit card fraud.
00:28:44.560 You could be a victim and not even know it.
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00:28:52.580 Visit hometitlelock.com promo code radio.
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00:29:11.780 Because not only we need those hands, like the Congress, like us, a senator was saying,
00:29:18.140 but we need to also give dignity to those people who are in the country.
00:29:22.700 And those are the people that I represent.
00:29:24.460 We're talking about 13, 15 million people who are most of them Hispanics.
00:29:29.360 I would say 85% who speak my language, look like me and sound like me,
00:29:34.180 that are contributing with the economy of this country, and they live in the shadows.
00:29:38.700 So it's time to seal the border, like she said, put order, let's see who comes in and who doesn't,
00:29:44.100 and then turn around and give dignity.
00:29:46.220 That doesn't mean path to citizenship.
00:29:47.980 That means to include them and make them dignified members of our community.
00:29:55.460 Okay, welcome back.
00:29:56.800 Steve Cortez, she said a lot of crazy things.
00:29:59.240 By the way, there's 20 to 25 million.
00:30:01.620 We've let in 5 million.
00:30:02.820 Her numbers are just off.
00:30:04.100 You ought to get the math right if you're going to talk.
00:30:05.900 And trust me, she's talking about amnesty.
00:30:08.480 She's talking about full citizenship.
00:30:10.280 Don't let her fool you for a second.
00:30:12.600 Steve Cortez, you've been at the tip of the spear on this.
00:30:14.760 She is a particular burr under your saddle, sir.
00:30:20.100 Yes, she is, because she claims to represent the Hispanic citizens of the United States,
00:30:25.520 and she does not, because Hispanic citizens, contrary to media narrative,
00:30:30.080 contrary to the musings of Representative Salazar,
00:30:33.140 we are not soft on border issues or soft on migration.
00:30:37.440 The tens of millions of Hispanic citizens of this country
00:30:40.160 who came to this country overwhelmingly by legal means,
00:30:43.500 we are just as interested, just as committed to border security
00:30:47.180 and to the integrity of the sovereignty of the United States
00:30:49.800 as any other ethnicity, as any other race in the United States.
00:30:53.340 The fact that Salazar is a Republican is really a disgrace.
00:30:57.320 It's also a disgrace that she comes from the great state of Florida.
00:30:59.760 Florida has given us such amazing Republican America first leaders,
00:31:04.240 from the fantastic governor, the best governor in America, Ron DeSantis,
00:31:07.480 to representatives like Byron Donalds and Matt Gaetz.
00:31:11.400 It's a state, the Sunshine State, has blessed this country with amazing elected officials.
00:31:16.820 And then we turn to Salazar, somebody who needs to be primary.
00:31:20.660 Look, she always prioritizes illegal migrants who trespassed into this country.
00:31:25.620 That is the reality.
00:31:26.860 The reality is those illegal migrants are competing in the labor market
00:31:30.620 unlawfully and unjustly against American citizens
00:31:34.400 and thereby depressing wages in an era where we are suffering from 21 straight months
00:31:40.380 of declining real wages because of the inflation and low growth crisis
00:31:45.040 that Biden has inflicted upon this country.
00:31:47.860 Look, open borders are always a terrible idea,
00:31:50.020 but it's a particularly pernicious and awful idea
00:31:52.740 in a time of intense economic anxiety for working class people in this country.
00:31:57.020 So Salazar is totally wrong on this issue.
00:32:00.240 And as Noor mentioned in the previous segment,
00:32:02.360 she's also just as wrong on Ukraine.
00:32:04.740 Remember, she's the one who had a disastrous interview with Tucker Carlson
00:32:08.300 after she called for the U.S. to directly militarily intervene
00:32:12.380 and enforce a no-fly zone in Ukraine,
00:32:16.140 which would end us up in World War III in a hot second,
00:32:20.160 if that were to be instituted.
00:32:21.600 So she is reckless.
00:32:22.920 She's incredibly liberal.
00:32:24.280 And she's obviously a very committed globalist
00:32:27.100 who doesn't give a crap about her district.
00:32:29.600 That's why she's over in Davos spewing nonsense to fellow globalists
00:32:33.440 rather than protecting and advancing and advocating
00:32:36.320 for the prerogatives of American citizens from her district.
00:32:41.840 The power of this show, we had Gallagher, who is going to,
00:32:45.480 you know, Gallagher is, and I've got a lot of questions about Gallagher,
00:32:48.080 he's a Marine Corps officer, very good man,
00:32:50.760 but too much of a neocon, a little bit too much Tom Cotney.
00:32:53.460 And, you know, he's going to head the China panel
00:32:56.280 and you got to get focused on the CCP.
00:32:58.840 He was going to Davos.
00:33:01.220 And, you know, we highlighted in the show on our getter,
00:33:04.520 other people did too.
00:33:05.720 He, you know, waved off.
00:33:07.080 The reason that, and I want to go to Larry Alex Taunton,
00:33:09.880 who brought this amazing point.
00:33:11.480 The people you're seeing there are backbenchers here
00:33:13.840 and they really kind of, they don't get a lot of coverage
00:33:16.740 because quite frankly, what they try to sell here is not sellable.
00:33:20.640 But they go to Davos and you see these backbenchers
00:33:23.880 like Mickey Sherrill and Salazar,
00:33:28.080 and they're treated like rock stars and given big platforms.
00:33:30.500 The reason is they are rabid globalists.
00:33:33.420 Larry Alex Taunton, is that the narrative
00:33:35.320 that they're selling nonstop over there
00:33:37.160 as globalization is still alive and kicking?
00:33:40.540 Oh, yes, hugely.
00:33:43.040 And that America is all in.
00:33:44.680 That, you know, that Americans are all in on globalization.
00:33:49.580 That's the narrative here.
00:33:51.240 And you can see that they're leaning into, you know,
00:33:54.940 like a cat being scratched behind their ear.
00:33:57.780 You know, the warmth reception that they receive here
00:34:01.940 because they're perceived to be, you know,
00:34:05.280 on the cutting edge of globalization.
00:34:07.000 But, you know, there's another element to this, Steve,
00:34:10.080 and I really enjoyed, appreciated what Noor had to say earlier
00:34:14.900 because she's been inside, you know,
00:34:17.480 listening to some of the panelists.
00:34:18.900 I've been moving quietly among the attendees.
00:34:22.820 I mean, we have more than 50 heads of state,
00:34:25.280 more than 100, you know, billionaires here,
00:34:28.760 and there are, you know, more than 600 CEOs,
00:34:31.280 you know, who have attended this,
00:34:32.580 and they're getting the bulk of the attention.
00:34:34.180 But, you know, there are almost 3,000 attendees.
00:34:37.520 I mean, Davos is crazy.
00:34:39.740 You know, it's insanity.
00:34:40.820 You know, all that's going on there.
00:34:42.360 You know, automobiles can barely move.
00:34:44.860 And I became very interested with the young people that you see,
00:34:49.060 you know, who are here,
00:34:50.120 and sitting and listening to them
00:34:51.500 and having conversations with some of the panelists
00:34:54.240 who are on, you know, some of the less premier stages.
00:34:57.560 You know, they're not marquee names,
00:34:59.100 but they're people who are, you know,
00:35:00.480 discussing globalization and artificial intelligence
00:35:05.540 and these kind of things.
00:35:06.620 And it fascinated me because what you hear from them,
00:35:11.260 and again, not really identifying myself or my own agenda,
00:35:14.180 they're just assuming I'm just another guy,
00:35:16.400 you know, another globalist, you know,
00:35:17.800 that is here to worship the same pantheon that they do.
00:35:21.560 But they all begin the conversations, Steve,
00:35:25.220 with, you know, the kind of, you know, nonsense rhetoric
00:35:29.220 that the World Economic Forum is putting out.
00:35:33.100 And if you want to be a real insider, by the way,
00:35:35.520 you know, at the next soiree you attend with globalists,
00:35:38.700 it's weff.
00:35:39.780 They all say weff.
00:35:41.540 That's the way they speak it.
00:35:43.360 And as they say it, you know, off the German tongue,
00:35:45.420 it comes out, you know, a little bit like a
00:35:47.720 slightly exasperated hump.
00:35:51.280 But at the weff, you have these people
00:35:55.240 who are all using the language of globalization,
00:35:58.940 and they keep using the word sustainability,
00:36:01.080 the sustainability of this,
00:36:02.520 the sustainability of that, and so on and so forth.
00:36:04.920 But when you start drilling down
00:36:06.580 and asking them questions,
00:36:08.400 you know, do you have any skepticism about the use of AI?
00:36:10.920 How about population, you know, reduction of population?
00:36:16.400 That's when they begin to speak in hushed tones.
00:36:18.500 And they begin to acknowledge some of their own misgivings
00:36:22.760 about what the World Economic Forum stands for.
00:36:26.040 And when you start, you start really pushing them on points like,
00:36:29.580 I mean, you do understand, you know,
00:36:31.060 this came out of the Club of Rome's, you know,
00:36:34.040 white paper, the predicament of mankind
00:36:36.540 and the limits to growth and the, you know,
00:36:39.200 the first global revolution.
00:36:41.300 You know, all these papers,
00:36:42.460 all of them having the same thing,
00:36:44.900 the same thesis,
00:36:45.960 and that is overpopulation.
00:36:48.900 And these themes,
00:36:50.720 they're kind of discussed on the fringes,
00:36:53.580 but seldom do they make it into the main sessions.
00:36:58.280 But everybody knows that really is the driving force
00:37:01.500 of what the WEF is really about.
00:37:04.720 And some of these young people who are hangers-on,
00:37:06.800 they're a little bit like groupies,
00:37:08.080 they need more attention,
00:37:11.760 because those are the people who are being seduced
00:37:14.760 by a lot of these kinds of ideas.
00:37:16.660 Oh, yeah.
00:37:17.800 Yeah.
00:37:18.240 And they become the influences.
00:37:19.340 This is where you get the Grettas.
00:37:21.940 Exactly.
00:37:22.660 They don't understand what secular utopianism really is,
00:37:28.440 and that all of this nonsense has been tried before.
00:37:30.700 I mean, there's really nothing new
00:37:32.240 about the ideas that are being pushed here.
00:37:34.780 And you see, you begin to understand, Steve,
00:37:37.300 another thing hanging out here
00:37:39.520 that you begin to discover
00:37:41.200 is that Schwab is an engineer,
00:37:45.440 and he uses the language of an engineer,
00:37:48.040 we will build it,
00:37:49.640 this kind of language.
00:37:52.000 Well, most of the attendees
00:37:53.140 are also technocrats just like him.
00:37:57.140 And you understand why the World Economic Forum
00:38:01.720 lacks a moral core.
00:38:04.580 And it's because they've really ignored the humanities,
00:38:07.260 and they've utterly ignored religion.
00:38:09.540 And they do a good job of saying,
00:38:11.520 you know, that they're having dialogue
00:38:12.840 and conversations with people
00:38:16.260 who represent other viewpoints.
00:38:18.080 But at the end of the day,
00:38:19.100 they really don't.
00:38:21.040 And so the World Economic Forum,
00:38:22.800 it lacks an anchor.
00:38:24.460 It's a counter...
00:38:25.320 Yeah, it's a counter...
00:38:27.060 It's a counter-religion.
00:38:28.320 And you're very perceptive.
00:38:29.420 This is why the spirit of 1776,
00:38:31.320 remember, was grounded,
00:38:33.060 grounded in the Judeo-Christian West
00:38:35.420 and the tenets of that.
00:38:37.040 And that's what they...
00:38:38.420 Larry, it's fantastic.
00:38:40.140 We're having you back on.
00:38:41.100 Larry, Alex Taunton,
00:38:41.980 how do people get to you during the day?
00:38:43.860 How are you live streaming,
00:38:45.140 or how do they get to you?
00:38:46.860 What is your social media?
00:38:49.140 Yeah, they can reach me on Twitter
00:38:50.960 at Larry Taunton,
00:38:52.900 T-A-U-N-T-O-N.
00:38:55.540 And they can also go to my website
00:38:56.980 at LarryAlexTaunton.com.
00:39:01.260 So, Steve, it's great to be with you.
00:39:02.760 I really enjoyed it.
00:39:03.880 And Cortez, I look forward to smoking a good
00:39:05.880 Cuban cigar with you again sometime.
00:39:10.720 Larry, thank you so much, brother.
00:39:12.740 All right, bye-bye.
00:39:13.460 You keep hanging out with the...
00:39:15.460 We had the inside story
00:39:18.240 and the outside story.
00:39:19.920 Cortez, Larry Alex Taunton,
00:39:22.300 it gets to the basic point here.
00:39:24.440 You know, Klaus Schwab is a precision engineer.
00:39:26.840 And you know, a lot of Davos men
00:39:28.620 are the grundoons,
00:39:30.760 the spear holders in the banks,
00:39:33.880 in the information business,
00:39:36.420 are technocrats.
00:39:37.740 They're trained as MBAs.
00:39:39.640 They're trained in the technology of finance.
00:39:41.380 They're trained in the technology of high tech.
00:39:43.520 Like, it lacks...
00:39:44.720 It's not that it lacks a moral core.
00:39:47.200 What it's trying to do is shift away
00:39:48.920 from the moral core of the Judeo-Christian West.
00:39:52.040 Get the technology part.
00:39:53.080 Steve Cortez.
00:39:54.400 No, correct.
00:39:54.900 They're not agnostics.
00:39:56.240 They are highly religious.
00:39:57.820 They're incredibly devoted to secular humanism
00:40:00.500 as their faith.
00:40:01.940 And in that regard, really,
00:40:03.100 Davos is kind of the mecca of multilateralism,
00:40:06.240 where they are all worshiping at the altar
00:40:08.420 of largely sustainability.
00:40:10.460 That is really the buzzword that they often use
00:40:12.880 as the excuse, as it were,
00:40:15.340 to pursue this utopian technocratic vision
00:40:18.940 of a secular humanist world.
00:40:21.560 And it, of course, disregards the soul.
00:40:23.740 It disregards the family, tradition,
00:40:26.280 private property, faith,
00:40:27.580 all the things that bind
00:40:28.960 an actual strong society together.
00:40:31.140 So we need to be very realistic
00:40:32.660 about what Davos is
00:40:33.980 and what its aims are.
00:40:35.620 And by the way, you know,
00:40:36.540 to your point, Steve,
00:40:37.500 it's not working.
00:40:38.740 That's the reality, okay?
00:40:40.140 It is not working,
00:40:41.180 particularly economically,
00:40:42.640 for people around the world.
00:40:43.820 Not my opinion.
00:40:44.880 That is the opinion of the masses worldwide.
00:40:47.560 As we mentioned yesterday on the show,
00:40:49.380 Edelman, the communications giant,
00:40:51.860 international giant,
00:40:52.900 they do a worldwide survey.
00:40:54.320 They've done it every year
00:40:55.120 since the year 2000.
00:40:56.920 Tens of thousands of people
00:40:58.140 all over the world
00:40:58.940 and asked a very simple question.
00:41:00.540 Are you going to be better off
00:41:01.720 in five years than you are today?
00:41:03.420 Well, unfortunately,
00:41:04.380 here in the United States,
00:41:05.520 only 36% of Americans
00:41:07.160 believe that they're going to be better off.
00:41:08.660 That is the lowest
00:41:09.360 in the history of the survey.
00:41:11.440 But America's hardly alone
00:41:13.020 in that predicament.
00:41:14.160 As a matter of fact,
00:41:14.720 out of the 28 countries
00:41:15.840 that were surveyed,
00:41:16.840 24 of them hit a new all-time low
00:41:20.060 for the survey.
00:41:21.560 Half of the countries,
00:41:22.500 14 out of the 28,
00:41:23.960 declined on that question
00:41:25.460 of economic optimism,
00:41:26.580 declined by double digits, Steve,
00:41:28.820 from just last year.
00:41:30.680 So it's not just that people
00:41:31.700 are pessimistic
00:41:32.460 and that they're losing hope
00:41:33.500 in their own personal economic future.
00:41:35.360 It's also that the trend
00:41:36.780 is accelerating downward.
00:41:38.640 The trend is worsening dramatically.
00:41:41.580 This is the failure of globalism.
00:41:43.540 It has been magnificent
00:41:44.480 for those who are part
00:41:46.440 of the credentialed elite,
00:41:47.560 who are part of the ruling class,
00:41:49.400 the cronies who are gathering
00:41:50.920 right now in Davos
00:41:52.140 to toast each other
00:41:52.940 with expensive champagne.
00:41:54.140 It's been great for them.
00:41:55.560 Okay, they have devised a system
00:41:56.780 that works very well
00:41:57.540 for their self-aggrandizement,
00:41:59.400 but it has been misery
00:42:00.680 for the masses globally.
00:42:02.520 And again, I'm most focused,
00:42:03.660 of course, here on the United States,
00:42:05.400 America first always.
00:42:06.680 And here in the United States,
00:42:08.040 the deplorables have suffered
00:42:09.340 from decades of globalism.
00:42:11.140 They were starting to get a respite,
00:42:12.680 thankfully,
00:42:13.340 under the leadership
00:42:14.000 of President Trump
00:42:14.880 that was then rudely interrupted
00:42:16.220 by the China virus.
00:42:17.620 We need to get back to that era,
00:42:19.240 to that era of protectionism.
00:42:20.700 You mentioned it before, Steve.
00:42:22.220 Protectionism is not a dirty word,
00:42:23.840 even though a lot of
00:42:24.700 Republican establishment figures
00:42:25.960 want to think it is.
00:42:26.940 We should be protecting
00:42:28.400 the prerogatives and interests
00:42:30.140 of American industry
00:42:31.280 and of American workers
00:42:32.960 against predatory trade,
00:42:35.020 against the Chinese Communist Party,
00:42:37.240 which uses its own
00:42:38.200 either slave or quasi-slave labor
00:42:40.320 to manipulate the market.
00:42:43.740 Steve, hang on for one second.
00:42:45.460 You talked about the core
00:42:47.100 of the Judeo-Christian West,
00:42:48.980 the family virtue,
00:42:50.700 all of it, self-determination.
00:42:53.600 That's Steve.
00:42:54.540 In Davos, that's extremist talk.
00:42:57.440 You're now officially an extremist.
00:42:59.260 You talk about sustainability.
00:43:01.600 This is what we say
00:43:02.240 about the debt ceiling.
00:43:03.620 How is it sustainable?
00:43:05.600 Yeah, I don't think so.
00:43:06.640 Only if you increase
00:43:07.320 the credit card.
00:43:08.140 Okay, we're going to get
00:43:08.640 it all to it.
00:43:09.620 Cortez on the other side.
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00:44:57.080 Yeah, it's the insanity
00:44:58.120 of the building behind me,
00:44:59.120 which is a real insanity.
00:45:00.420 Let's not minimize that.
00:45:01.860 And a little bit of us
00:45:02.920 in our business.
00:45:05.040 We in the media,
00:45:06.040 I think we've been
00:45:07.300 a little too negative, frankly.
00:45:08.760 And I include myself
00:45:09.880 in some of that.
00:45:10.620 And there's a lot of negative stuff
00:45:11.600 to write about.
00:45:12.420 And so I'm not saying
00:45:13.400 we're wrong,
00:45:13.980 but I think
00:45:14.460 one of the things you've seen
00:45:15.700 is a radical rise,
00:45:17.100 150% rise
00:45:18.320 in the number of headlines
00:45:20.140 that are meant
00:45:21.100 to make people fearful
00:45:22.180 and angry.
00:45:23.340 And there's a lot of angry stuff
00:45:24.740 to be going on,
00:45:25.540 but I think we like,
00:45:27.760 if it bleeds, it leads.
00:45:28.860 And we want to get attention
00:45:29.820 that way.
00:45:30.660 But we don't pay enough attention
00:45:32.360 to the stuff that's going on,
00:45:33.400 especially in localities.
00:45:34.860 One of the things
00:45:35.360 that's a glory of this country
00:45:37.300 is we're just incredibly
00:45:38.980 innovative people.
00:45:39.860 We're just very energetic.
00:45:41.060 So there's something
00:45:41.980 called the Global Innovation Index.
00:45:44.140 And the United States
00:45:44.800 ranks second in the world
00:45:45.800 in how innovative we are
00:45:46.960 after Switzerland.
00:45:48.880 And that's David Borks.
00:45:50.380 But I just want to make sure
00:45:51.540 in narrative you understand
00:45:52.820 they're making the case
00:45:54.820 that it's the extremist
00:45:57.040 and all the really bad people
00:45:59.620 that are putting these
00:46:01.820 negative narratives out there.
00:46:03.740 And everything's great.
00:46:04.620 The economy's great.
00:46:05.780 And it's just all about
00:46:06.500 the debt ceiling
00:46:07.060 because they understand
00:46:08.060 the leverage is with us.
00:46:09.920 And they're trying
00:46:10.600 to make the case
00:46:11.160 that you're going to destroy
00:46:12.100 an economy that's running back.
00:46:14.260 Cortez,
00:46:14.800 and I want to get
00:46:15.680 to sustainability.
00:46:16.640 They do talk
00:46:17.200 about sustainability
00:46:17.920 and Davos is a big issue
00:46:19.520 about sustainability,
00:46:21.260 about the environment
00:46:22.900 and everything
00:46:23.420 dealing with that,
00:46:24.160 the sustainability.
00:46:25.720 But talk about
00:46:26.940 the sustainability
00:46:27.560 of the financial
00:46:29.080 and economic model
00:46:30.020 we have here
00:46:30.520 in this country
00:46:31.060 because you're seeing
00:46:31.580 the biggest,
00:46:32.560 you're seeing
00:46:32.960 the guys are at the core
00:46:34.460 of information
00:46:35.660 and particularly projecting out.
00:46:37.040 You're seeing Goldman Sachs
00:46:38.140 and the rest of Wall Street,
00:46:39.560 massive layoffs,
00:46:40.520 biggest layoffs
00:46:41.100 in the history,
00:46:41.600 even bigger than 2008.
00:46:43.020 And you've got
00:46:44.200 Microsoft drops the bomb
00:46:46.300 with 10,000,
00:46:47.800 10,000 high-paying jobs
00:46:49.400 laid off today.
00:46:50.680 Sir, give us your assessment
00:46:51.680 of the sustainability
00:46:53.340 of their model
00:46:54.420 and tie it back
00:46:55.620 to David Brooks'
00:46:56.540 happy talk.
00:46:57.860 Sure.
00:46:58.600 Well, David Brooks
00:46:59.420 there is trying
00:47:00.140 the Jedi mind trick, right?
00:47:01.320 These aren't the droids
00:47:02.100 you're looking for,
00:47:02.820 trying to convince you,
00:47:03.560 no, things are actually fine.
00:47:05.420 Things are far from fine,
00:47:07.120 particularly as it relates
00:47:08.480 to the economy.
00:47:09.180 And again,
00:47:09.680 not my opinion,
00:47:10.600 the overwhelming opinion
00:47:11.920 of the vast majority
00:47:13.180 of Americans.
00:47:13.900 David Brooks,
00:47:14.360 in his own article,
00:47:15.340 by the way,
00:47:15.840 I'll give him some credit
00:47:16.740 at least for this.
00:47:17.640 In his own article,
00:47:18.560 he cites a Gallup survey
00:47:20.020 asking people
00:47:21.340 if the country
00:47:22.140 is on the right track.
00:47:23.380 Only 17% said yes.
00:47:25.980 That's it.
00:47:26.440 And to put that in context,
00:47:27.460 by the way,
00:47:28.040 I went back and looked,
00:47:28.980 Gallup,
00:47:29.480 that number was 70%
00:47:31.220 in the year 2000.
00:47:32.700 So think of what has happened
00:47:33.640 in the last two decades.
00:47:35.140 I would argue largely
00:47:36.340 because of globalization,
00:47:37.480 largely because of what
00:47:38.840 we have allowed
00:47:39.580 and in fact invited the CCP
00:47:41.340 to do to the United States
00:47:42.960 over the last two decades.
00:47:44.140 But we went from 70%
00:47:45.620 of the American people
00:47:46.400 saying we're on the right track
00:47:47.380 to only 17%.
00:47:49.500 Separate survey
00:47:50.500 just put out from CBS News
00:47:52.380 asked if things were going,
00:47:54.280 quote,
00:47:54.460 very well in the country.
00:47:55.740 Only 7%.
00:47:56.880 That's it, Steve.
00:47:57.720 7% of Americans say
00:47:59.040 things are going very well.
00:48:00.220 And I will guarantee you
00:48:00.940 those 7%, by the way,
00:48:02.120 are overwhelmingly liberals
00:48:03.920 with advanced degrees
00:48:05.260 who live in coastal suburbs.
00:48:07.240 I will guarantee people
00:48:08.440 who benefit from globalism.
00:48:10.520 That's the reality.
00:48:11.380 But to this point of sustainability
00:48:12.440 too of the economic model,
00:48:14.080 no, Steve,
00:48:14.580 it is totally unsustainable
00:48:16.080 to have $30 trillion of debt
00:48:18.560 now that we are in
00:48:19.980 an inflationary era
00:48:21.520 with rising interest rates.
00:48:23.520 That debt was sustainable
00:48:25.860 for a time
00:48:26.900 because only because
00:48:28.400 of interest rate repression,
00:48:30.260 because of artificially
00:48:31.300 low interest rates,
00:48:32.420 because of the massive,
00:48:33.640 historic,
00:48:34.200 unprecedented intervention
00:48:35.240 of the Federal Reserve,
00:48:36.800 keeping interest rates low
00:48:37.740 so that we effectively
00:48:38.480 got away with acting
00:48:40.020 incredibly recklessly
00:48:41.200 with our profligacy
00:48:42.340 regarding borrowing
00:48:43.480 and spending.
00:48:44.240 We cannot get away
00:48:45.320 with it any longer.
00:48:46.880 That is simply
00:48:47.500 the reality right now.
00:48:48.900 The service payments
00:48:50.220 alone on the debt
00:48:51.600 are going to become
00:48:52.540 the single largest item
00:48:53.940 in the entire U.S. budget.
00:48:55.900 Yeah.
00:48:56.120 Bigger than Social Security,
00:48:57.520 bigger than Medicare,
00:48:58.620 bigger than the defense budget.
00:48:59.700 We are on track for that
00:49:00.760 and soon.
00:49:01.980 That's why, Steve,
00:49:02.780 this showdown
00:49:03.460 over the debt ceiling
00:49:04.500 is so critical.
00:49:06.300 This is the pressure point.
00:49:07.680 This is the leverage
00:49:08.460 that the U.S. House has
00:49:09.540 and it must be used.
00:49:12.320 This is because
00:49:13.260 in this fight,
00:49:14.480 everything else
00:49:15.260 will become
00:49:15.940 the administrative state,
00:49:17.080 the scale of government,
00:49:18.040 all of it.
00:49:18.880 You get the 30 trillion.
00:49:20.080 You also have
00:49:20.480 the nine and a half trillion dollars
00:49:22.040 over at the Fed
00:49:24.880 on their balance sheet
00:49:26.020 with no congressional authorization.
00:49:28.000 We now have
00:49:28.240 nine and a trillion.
00:49:28.760 And Mercatus
00:49:29.720 has got this paper out saying,
00:49:31.500 hey,
00:49:32.000 it's not like the old days
00:49:33.100 where they could kind of
00:49:33.780 sell these bonds
00:49:34.440 and make some money
00:49:35.080 and put that back
00:49:35.900 into the treasury
00:49:36.520 to make up gaps
00:49:37.440 in funding.
00:49:39.020 We got a trillion dollar hole
00:49:40.380 because,
00:49:41.320 and this goes back
00:49:42.340 to your point.
00:49:43.440 You've done such a great job
00:49:44.560 of putting this back
00:49:45.540 to people's lives.
00:49:46.620 The 16 and a half trillion dollars
00:49:48.300 of household
00:49:49.220 credit,
00:49:50.140 you know,
00:49:50.300 the credit cards,
00:49:51.280 now that's exploding.
00:49:52.340 So people look
00:49:52.900 at your own experience.
00:49:53.940 That's what's happening
00:49:54.600 to the federal government.
00:49:56.100 This thing was,
00:49:56.680 when it was negative zero,
00:49:57.740 negative interest rates
00:49:59.680 or zero interest rates,
00:50:01.080 you could keep adding this up
00:50:02.220 and there was no penalty to pay.
00:50:03.960 Those days are over,
00:50:04.940 are they not?
00:50:05.880 Mr. Cortez,
00:50:06.800 one trillion dollars
00:50:07.760 we're looking at
00:50:08.400 is now going to be the payment.
00:50:10.140 And that's going to have
00:50:10.860 to just be
00:50:11.460 more money printed.
00:50:12.980 Steve Cortez.
00:50:14.380 No,
00:50:14.640 and you're exactly correct.
00:50:15.880 The federal government
00:50:17.360 benefited previously
00:50:18.500 from the Fed
00:50:19.420 making money
00:50:20.200 on the way up,
00:50:21.060 right?
00:50:21.220 Because as it was
00:50:21.760 buying bonds,
00:50:22.580 it was forcing
00:50:23.060 the price of bonds up.
00:50:24.800 But it's sort of like
00:50:25.620 a snake eating its tail.
00:50:26.700 And we knew
00:50:27.280 that that would be temporary.
00:50:28.260 Once you have to unwind
00:50:29.660 that massive portfolio
00:50:31.040 and start to bring down
00:50:32.200 the Fed balance sheet,
00:50:33.460 the opposite is happening.
00:50:34.460 The Fed is now
00:50:34.940 starting to lose money.
00:50:36.180 So it's no longer
00:50:37.000 making those transfer payments
00:50:38.280 over to the U.S. Treasury,
00:50:39.920 which helped
00:50:40.600 the federal government
00:50:41.220 spend more
00:50:41.920 than it brought in.
00:50:43.400 We've lost that effect.
00:50:45.320 Look,
00:50:45.760 the reality economically,
00:50:47.160 too,
00:50:47.360 right now is that
00:50:48.000 it's not just the U.S.
00:50:49.080 is slowing down massively.
00:50:50.360 The entire world is,
00:50:51.660 Steve.
00:50:51.880 Overnight,
00:50:52.180 we got news out of China.
00:50:53.580 According to official statistics,
00:50:55.300 China's GDP only grew
00:50:56.880 at 3%.
00:50:57.720 Of course,
00:50:58.060 we don't even believe
00:50:58.740 that number.
00:50:59.620 But the point is,
00:51:00.380 that's 3% versus
00:51:01.360 the government target
00:51:02.220 of 5.5%.
00:51:03.740 So it's a massive miss
00:51:05.280 versus 8.1% last year.
00:51:08.260 China's economy
00:51:09.120 is cratering.
00:51:10.320 The United States,
00:51:11.240 Europe,
00:51:11.560 and China,
00:51:12.180 the three major
00:51:12.880 economic centers
00:51:13.740 of the world,
00:51:14.500 right now,
00:51:15.220 we are seeing
00:51:15.840 a synchronous slowdown.
00:51:18.140 That is the economic reality.
00:51:19.900 That is the global backdrop.
00:51:21.460 Things are bad.
00:51:22.740 They are getting worse.
00:51:25.500 And they're trying
00:51:26.180 to pitch that,
00:51:27.020 oh,
00:51:27.180 no,
00:51:27.680 China's going to grow
00:51:28.240 at 6%.
00:51:28.720 Look,
00:51:29.020 we're going to break it down.
00:51:29.660 Six o'clock tonight,
00:51:30.480 we're actually going to go through
00:51:31.360 this in excruciating detail
00:51:33.400 so you fully understand it.
00:51:35.520 Steve,
00:51:35.980 how do people get to you?
00:51:36.920 Remember,
00:51:37.560 Thursday,
00:51:38.060 tomorrow is when we hit
00:51:38.780 the debt ceiling.
00:51:40.120 The Secretary of Treasury
00:51:41.240 is not here.
00:51:41.880 She's,
00:51:42.280 you know,
00:51:42.820 she's somewhere out
00:51:43.740 in the rest of the world
00:51:44.620 being a globalist.
00:51:46.560 Steve,
00:51:47.020 how do people get to you
00:51:48.000 on your social media,
00:51:48.860 sir?
00:51:49.780 Yes,
00:51:50.180 please check out
00:51:50.720 my Chalk Talks
00:51:51.580 and my latest sub stack
00:51:52.560 and you can find me
00:51:53.200 on Twitter.
00:51:53.700 I'm at
00:51:54.180 Cortez Steve,
00:51:55.700 Cortez with an S.
00:51:56.820 Appreciate it.
00:51:59.040 Thank you,
00:51:59.580 brother.
00:51:59.860 Okay,
00:52:00.120 short break.
00:52:00.760 We're going to come back.
00:52:01.980 The defense filed
00:52:03.600 their papers
00:52:04.380 in the Cary Lake situation.
00:52:06.340 Christina Bob's
00:52:07.080 going to explain that.
00:52:08.100 We're trying to track down Rudy.
00:52:09.320 May have another technical problem.
00:52:10.760 We're going to eventually
00:52:11.380 get to Rudy.
00:52:12.420 We've got
00:52:12.960 Seagull Chata
00:52:14.800 who's come out hard
00:52:16.220 on the RNC
00:52:17.020 whole race.
00:52:17.660 We're going to get to that.
00:52:18.140 Also,
00:52:18.800 Davos had a big panel today
00:52:20.140 on artificial intelligence,
00:52:22.240 the impact on your life.
00:52:23.480 Joe Allen will be here
00:52:24.380 and we're also going to go down
00:52:25.460 to Central America
00:52:26.280 all next in the world.
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00:54:31.520 It's secure.
00:54:32.660 It's private.
00:54:33.840 It's the way we stay
00:54:34.820 connected and informed.
00:54:36.480 Get it now.
00:54:37.200 Take action,
00:54:38.680 action,
00:54:39.280 action.
00:54:39.700 Use your agency.