Bannon's War Room - February 15, 2023


Episode 2520： Are We Speeding Towards A Hunger Cliff; The recession Of Christianity


Episode Stats


Length

55 minutes

Words per minute

167.19751

Word count

9,239

Sentence count

804

Harmful content

Misogyny

8

sentences flagged

Hate speech

12

sentences flagged


Summary

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

In the wake of the death of DeMar Jalen Hamlin, the NFL and corporate media have been quick to point the finger at one another. But is it really as simple as that? Or is there something else going on here?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:01.000 This is the primal scream of a dying regime.
00:00:06.000 Pray for our enemies.
00:00:08.000 Because we're going medieval on these people.
00:00:11.000 I got a free shot at all these networks lying about the people.
00:00:15.000 The people have had a belly full of it.
00:00:17.000 I know you don't like hearing that.
00:00:19.000 I know you try to do everything in the world to stop that,
00:00:21.000 but you're not going to stop it. It's going to happen.
00:00:23.000 And where do people like that go to share the big lie?
00:00:26.000 MAGA Media.
00:00:28.000 I wish in my soul, I wish that any of these people had a conscience.
00:00:33.000 Ask yourself, what is my task and what is my purpose?
00:00:37.000 If that answer is to save my country, this country will be saved.
00:00:43.000 War Room. Here's your host, Stephen K. Banff.
00:00:52.000 How did doctors describe what happened to you?
00:00:58.000 I saw my own statement.
00:01:11.000 Wow. Welcome back to the War Room.
00:01:13.000 It's the 15th. It's Wednesday, the 15th of February.
00:01:16.000 We're halfway through this one, baby.
00:01:19.000 That is jaw-dropping Steve Cortez.
00:01:22.000 I mean, he's a very brave young man.
00:01:25.000 And his turnaround has been nothing short of miraculous.
00:01:29.000 But correct me if I'm wrong, brother.
00:01:32.000 Was this not the most covered story for two weeks around when it happened?
00:01:37.000 Given not just him and how dramatic it was.
00:01:40.000 I was watching the game live.
00:01:41.000 It was incredibly dramatic how they saved him and all that.
00:01:44.000 Sure.
00:01:45.000 Every single tiny piece of this story was covered into its total depth.
00:01:50.000 Not just by ESPN and the sports networks, but by major news networks.
00:01:53.000 CNN, MSNBC, Fox, everybody all over it.
00:01:57.000 How did we just have that right there, sir?
00:02:00.000 Right.
00:02:01.000 And by the way, it was hard to watch, wasn't it?
00:02:03.000 And let me be clear, by the way, I am not in any way blaming DeMar Hamlin because he perhaps has been put in an impossible spot.
00:02:10.000 OK, I'm blaming the corporate media for a total lack of curiosity, for a dereliction of duty regarding any journalistic pretense to get to the bottom of this story.
00:02:21.000 And I'm certainly blaming the NFL and perhaps other organizations, including public health authorities like Fauci.
00:02:27.000 And let me tell you what I mean by that. But first, just as a preface to this, you know, for folks out there in the audience who might not be sports fans, realize the power of the NFL and just how ubiquitous it is in American life.
00:02:37.000 You know, I'm probably like a lot of people in the audience.
00:02:39.000 I absolutely love football.
00:02:41.000 I loathe the NFL.
00:02:43.000 But nonetheless, the power of the NFL of the top 100 TV programs of last year of 2022, 82 of them were NFL.
00:02:51.000 OK, that's the power and reach of the NFL.
00:02:53.000 Now, this incident, this tragedy, it occurred on a Monday night game.
00:02:57.000 So national television audience watches an athlete at the absolute peak of a physical condition and a relatively routine tackle by NFL standards collapse, collapse into massive cardiac arrest and very nearly die in all likelihood would have died if it were not for for extremely expert medical care being right there on the scene.
00:03:19.000 Now, it received a ton of attention, as is warranted.
00:03:23.000 But what has received almost no attention from corporate media is asking the critical questions of why did this happen to him?
00:03:29.000 For example, is it a congenital issue? If it is, that's relatively easy to explain.
00:03:33.000 OK, and maybe this young man, unfortunately, can't play football again.
00:03:36.000 OK, what the media tried to do, though, was set up a diversion and the NFL tried to set up a diversion.
00:03:41.000 And they claimed it was this extremely rare incidents called commedia cordis.
00:03:45.000 Only that explanation doesn't hold water at all.
00:03:48.000 OK, now that didn't stop Tony Fauci from going himself on national TV, even though he had never had never inspected, had never done any care over DeMar Hamlin.
00:03:59.000 It didn't stop him from claiming definitively on national TV that it was commedia cordis.
00:04:04.000 But if you look into the incidents, very rare incidents of commedia cordis, you find that it happens overwhelmingly to very young men, to teen boys and from a high velocity projectile like a baseball or a hockey puck into the chest of underdeveloped teen men.
00:04:20.000 OK, that's that's the reality of commedia cordis.
00:04:23.000 None of that exists here with DeMar Hamlin and the NFL.
00:04:26.000 So, again, we don't know what happened.
00:04:28.000 I realize a lot of folks in the audience are understandably very, very suspicious that the VACs has a role to play here.
00:04:35.000 I have no idea if it did or didn't.
00:04:38.000 Nobody knows that.
00:04:39.000 But here's the reality, Steve.
00:04:40.000 But let's go.
00:04:41.000 The corporate media won't even ask the questions.
00:04:43.000 Right.
00:04:44.000 And when it did ask a question, Michael Strahan, he just said, OK, we'll just move along and we're not going to pressure the NFL.
00:04:49.000 No, no, no.
00:04:50.000 But let's hit the rewind for a second.
00:04:53.000 Of course, the corporate media, the producers gave this a straight hand.
00:04:56.000 They even think they thought it was so perfunctory to have him tell talk about it.
00:05:01.000 They clearly didn't work it, work it through him before the show.
00:05:04.000 They gave straight hand the question.
00:05:05.000 This is a tee up.
00:05:06.000 Just toss it to him and we'll get the whole story.
00:05:08.000 That was that was shocked.
00:05:10.000 This shows you corporate media has absolutely no interest in the real answer.
00:05:15.000 Right.
00:05:16.000 They wanted to cut away as soon as the young man sat down goes, well, I don't really want to get into it.
00:05:21.000 Right now.
00:05:22.000 What this is the NFL's responsibility.
00:05:24.000 This is not the Buffalo Bills owners.
00:05:26.000 This is not the Buffalo Bill coaches.
00:05:29.000 This is not Mr.
00:05:30.000 Hamlin.
00:05:31.000 Right.
00:05:32.000 This is it's not ABC or is not the stray hand and his producers.
00:05:36.000 This is the National Football League needs to come forward and be blunt about this.
00:05:42.000 Am I incorrect in that, Steve Cortez?
00:05:44.000 No, you're 100% because here's the reality here.
00:05:47.000 And here's the quandary for the NFL for anybody who's being rational about this entire situation is that the if the NFL cannot provide an explanation.
00:05:55.000 OK, if football is that dangerous that it can be deadly in an instant to someone in peak physical condition, then guess what?
00:06:05.000 We shouldn't be playing football.
00:06:06.000 OK, so the NFL is really actually a logical box here.
00:06:10.000 Now, unfortunately, corporate media won't hold the NFL's feet to the fire.
00:06:14.000 Why?
00:06:15.000 Because where are their incentives?
00:06:16.000 Their incentives entirely because of 82 of the top 100 programs of last year being NFL, their incentives are completely to cater to and to coddle the NFL.
00:06:25.000 Why?
00:06:26.000 Because it's so valuable because it's such a valuable franchise for television.
00:06:29.000 It's one of the last things on broadcast television that really, truly matters.
00:06:33.000 Right.
00:06:34.000 Where people really show up and watch.
00:06:36.000 So the incentives are completely, unfortunately, misaligned.
00:06:40.000 And especially when it comes to the sports media, the sports media, you know, just absolutely slobbers all over the NFL in an attempt to please the league.
00:06:49.000 But the reality is there's something going on here, Stephen.
00:06:52.000 The American people naturally have questions and the American people are naturally concerned.
00:06:57.000 And it's not in any sense.
00:07:00.000 For example, we know factually, we know that excess deaths outside of covid deaths, excess deaths have have risen considerably and stayed stubbornly high.
00:07:11.000 Now, three years into the pandemic.
00:07:14.000 What is the explanation for that?
00:07:16.000 A lot of folks out there naturally have suspicions that it's regarding the vaccine.
00:07:19.000 We don't know that.
00:07:20.000 But here again, the total lack of curiosity from the corporate media.
00:07:24.000 When you have several thousand excess deaths every single week in America and there's no conclusive explanation for that in normal times, corporate media would be all over that story trying to get to the bottom of it.
00:07:36.000 But why are they not?
00:07:38.000 Well, one of the reasons might be might be that big pharma is one of the biggest, if not the biggest advertiser for the legacy media, particularly for cable news.
00:07:47.000 OK, so a total misalignment of incentives and a total conflict of interest regarding corporate media.
00:07:54.000 But, Steve, lives are at stake here, potentially.
00:07:57.000 And so these questions absolutely have to be asked.
00:08:00.000 OK, the other one that's kind of slipped through and only I think we're in a couple of other people are talking about it is is the CDC now put the facts for the kids on on the on the requirements list is it's it's the recommended list.
00:08:15.000 But as you said, I think it was you yesterday said that recommended list is taken by, I think, 24 states as like holy writ.
00:08:23.000 It's it's mandatory for the schools.
00:08:25.000 That's something that's not being covered by anybody.
00:08:27.000 Correct.
00:08:28.000 Correct. No. And listen, the recommendation from the CDC, particularly the blue jurisdiction, it might as well be a papal bull.
00:08:35.000 Right. OK, that will come ex cathedra from Tony Fauci and his ilk.
00:08:40.000 And the blue states will use that as a justification.
00:08:43.000 Believe me, I'm warning the parents in in blue jurisdictions.
00:08:46.000 This is coming your way now that the CDC has officially added these new treatments, these new so-called vaccines to the child vaccination list.
00:08:55.000 It is going to be mandatory for your children.
00:08:58.000 So the time to organize a time to take action is right now to preclude this for the coming school year, because here's the thing, Steve, even if you believe in these vaccines.
00:09:07.000 OK, and I certainly do not.
00:09:08.000 But even if you do, any reasonable, logical person would say, but you know what, given the kids are not vulnerable, thank God, are not vulnerable to dire effects of this virus.
00:09:18.000 You never give medicine. You never give any preventative treatment to people for a malady that does not materially affect them.
00:09:25.000 OK, that's just a precept of medicine. It's just a logical and ethical foundation.
00:09:31.000 OK, the idea that we're going to force perhaps and at the least from the from public health authorities strongly recommend these medicines, these treatments for children who are not vulnerable to the virus.
00:09:44.000 Steve, that is an atrocity. It's an outrage. And it's clearly only being pushed by a compromised public health apparatus at the direction of big pharma.
00:09:55.000 That's the reality. First, do no harm.
00:09:59.000 Steve, let's let's pop into the let's pivot and talk about the lived experience of the American people in the economy.
00:10:04.000 Sure. So the economy, you know, unfortunately, we got terrible news. We talked about it a bit yesterday, but I think it's worth, you know, further inspection on inflation.
00:10:13.000 The the corporate media here, once again, has failed in its duty and wants to sell us on a narrative, right?
00:10:18.000 That inflation has suddenly cooled and it's no longer a problem, just as they told us as it was building, that it was all transitory.
00:10:24.000 That was a lie. And now we got really bad news yesterday about a material uptick in inflation that this situation is not under control,
00:10:32.000 that the Fed doesn't have things under control. And you know who believes that? Don't take Steve Cortez's word for it.
00:10:37.000 Let's take the bond markets verdict on this so far. So if we look at chart number one, this is the yield curve.
00:10:43.000 This is the two year versus ten year treasury yield.
00:10:47.000 And this chart that I'm showing you there goes all the way back to the 1970s.
00:10:51.000 I have more than four decades of data there. And I highlight for those who are watching and not just listening, I highlight in the yellow there.
00:10:57.000 That is zero. That is zero percent. As you can tell, for almost all of history for the last 40 years, the yield curve is positive,
00:11:04.000 meaning longer end rates are higher than shorter end. That is a normal yield curve.
00:11:09.000 It's how the bond market normally functions. It's how it should function in a proper economy.
00:11:14.000 On a few occasions, and they're notable because they're generally times of enormous economic stress, like the 0809 recession,
00:11:20.000 like the dot com bubble, like the 1987 stock market crash. On these kinds of outlier occasions, the yield curve has briefly become inverted.
00:11:29.000 This current inversion is not brief at all, Steve. And just yesterday, following the CPI news,
00:11:35.000 we reached a new low for the yield curve at minus 83 basis points, meaning almost a full percentage point,
00:11:43.000 two-year yield above 10-year yield. It's the worst it's been, the worst inversion since the early 1980s,
00:11:51.000 which was the last time we had this kind of inflation. So what that signals to you is,
00:11:55.000 if you're not somebody who watches the bond market historically, if you find bond math kind of mystifying,
00:12:00.000 which I do understand, what this signals to you is there is enormous stress in the system right now.
00:12:06.000 There is enormous worry from bond investors who historically, at least, have been the most institutional,
00:12:12.000 the most mathematically based, and the most prescient investors in the world,
00:12:17.000 whereas stock investors tend to be a bit more, shall we say, emotional over time.
00:12:22.000 Bond investors are more important for the direction of the economy. And part of why they're feeling this way, Steve,
00:12:28.000 I'd like to get into the food prices if this is the right time.
00:12:31.000 Yeah, but it's a total, by the way, the 10-year bond, as everybody knows, the audience knows now, controls your life.
00:12:38.000 This is a full rejection of the, this is the money speaking. The money has fully rejected essentially the Biden business plan.
00:12:47.000 Is that a, is that a general way to let the, to tell the audience what's going on?
00:12:51.000 Yes. Correct. Correct. This is, this is an absolute bond market revolt.
00:12:55.000 And remember to think of the bond market as essentially the banker. The banker is revolting against the customer.
00:13:01.000 The customer being the government of the United States, a full bond market revolt.
00:13:05.000 And this is why the interest rate, the debt service situation for the United States, our debt, which was always problematic and always too big.
00:13:14.000 It becomes an absolute crisis now because of this yield curve inversion that we're talking about.
00:13:18.000 Christ. Pivot to food. Talk to me about the lived experience of Americans.
00:13:23.000 So food prices. And by the way, CBS, I don't often give them credit.
00:13:27.000 They did some really good reporting here and they talked about a hunger cliff.
00:13:31.000 I think this is really important. A hunger cliff is looming because 32 states in America, which have been paying enhanced food stamps, very juiced up, more generous food stamp allowances than before because of the pandemic.
00:13:45.000 Okay. That started in 2020. It is just about to end. It has to end in March.
00:13:50.000 Right now, Steve, this is what the CBS report says. A family of four is going to see a $328 per month cut to their food stamp allowance.
00:14:00.000 An elderly person who's getting the minimum is going to go from $281 a month to only $23 a month.
00:14:07.000 That map there shows in the dark green. Those are the states that are about to cut the food stamp allowance.
00:14:14.000 The reality is, unfortunately, right now, 42 million Americans are on SNAP, which is the acronym for what is colloquial known as food stamps.
00:14:22.000 That is six percent higher than it was in 2020.
00:14:25.000 Steve, the reality is these people are being taken off food stamps at a time of double-digit food inflation in the United States. Incredibly dangerous.
00:14:33.000 At $23 bucks, you can buy a couple of dozen eggs, right, from where we are right now. Short break. Cortez, just hang with me.
00:14:40.000 I know you've got to go, but I need you for a couple of minutes. I've got Brett. We're going to go to England and Europe and talk about the Scottish prime minister dropping out because of her pronouns.
00:14:51.000 All next in the world.
00:14:58.000 Despite the U.S. blowing through $31.4 trillion debt ceiling in January, the leftist White House still refuses to reduce spending.
00:15:08.000 While our national leadership has buried their heads in the sand, when it comes to fiscal responsibility, it's time to pull yours out.
00:15:16.000 Think about this. To dig our country out of this mountain of debt, every single taxpayer in America would have to write a check for $247,000, and it's only going to get worse.
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00:16:25.000 Use your host, Stephen K. Bannon.
00:16:30.000 Okay. If you think this has been intense the last couple of days, it's going to get even more intense.
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00:17:23.000 Do it right now.
00:17:24.000 Cortez, I know you're going to bounce real quickly.
00:17:26.000 Just explain to people once again what the hunger cliff is, as reported, I think, by CBS News.
00:17:32.000 What is the hunger cliff?
00:17:34.000 And this gets back to the fact of we're not creating great jobs for the American working class.
00:17:42.000 What we're doing is a flood in the zone with six million illegal aliens to compete with them, and they're bragging about it. 0.98
00:17:47.000 Powell's bragging about how they're breaking the wages of the working class.
00:17:51.000 This gets to why you've got to be on food stamps.
00:17:54.000 These are tips the government's giving you.
00:17:56.000 This is nothing but tip money, right?
00:17:58.000 And now you're going to go for a cliff because the phoniness of the emergency authorization he's got, the emergency powers comes due, and that means you're going to stop printing so much of this money and just spending, spending, spending.
00:18:13.000 Steve Cortez.
00:18:14.000 So 42 million Americans literally cannot feed themselves right now.
00:18:20.000 42 million Americans are on food stamps.
00:18:22.000 That is 6% worse, 6% higher than the worst levels of the lockdowns of 2020.
00:18:27.000 Now, Steve, to your point, I'm not trying to demonize these people.
00:18:30.000 A lot of them are hardworking, okay?
00:18:32.000 They are the working poor.
00:18:33.000 They are middle class people who simply cannot afford the necessities of their lives under Joe Biden.
00:18:38.000 That's the reality.
00:18:39.000 And by the way, toward the foundational problem, which I think you were alluding to, if we didn't have the United States of America, the ruling class of this country, sell out U.S. manufacturing and U.S. jobs to China, we wouldn't have 40 million people in the first place on food stamps because they would be making a great living wage here in the United States.
00:18:56.000 We would have maybe 4 million people if we didn't have an open border rather than 40 million American citizens on food stamps.
00:19:01.000 But here's the reality that these tens of millions of people face.
00:19:05.000 For the last three years in most of the states of this country, they have gotten extremely enhanced benefits.
00:19:11.000 In other words, the benefits were more generous.
00:19:12.000 They were more generous.
00:19:13.000 They were juiced to deal with the effects of the pandemic and the lockdowns.
00:19:18.000 32 of those states coming this March in just weeks are going to go back to regular allocations of food stamps.
00:19:25.000 And what that means is for a family of four, it's over $300 a month cut to their SNAP, which is the acronym for food stamps, to the SNAP allowance.
00:19:36.000 For an elderly person who's on the minimum level of food stamps, they're going to go from $281 a month to $23 a month.
00:19:44.000 And this in an era of double digit food inflation.
00:19:48.000 So not only are they seeing their benefits massively cut, but on top of that, going into the grocery store, trying to afford food on their own, that is extremely elevated in price.
00:20:00.000 That's why it's being correctly described as a hunger cliff that is facing this country.
00:20:06.000 Okay, for the folks out here, you're the chairman of the creditors committee.
00:20:11.000 And I didn't say that was going to be a day at the beach.
00:20:13.000 It's going to be tough.
00:20:14.000 And you're going to be called a lot of things.
00:20:16.000 Remember, MAGA, the deplorables, the extremist MAGA Republicans.
00:20:20.000 Since you're the adults in the room and you're chairman of the creditors committee, remember when you first heard about the hunger cliff, because you're going to get that put up in your grill.
00:20:29.000 When we started talking about the debt ceiling and the cutting massive cuts in the appropriations bill, we can't afford, you're going to have, they're going to be in your grill about how heartless you are, how this is back to Victorian England, right?
00:20:41.000 You're just cruel.
00:20:42.000 You're heartless.
00:20:43.000 All of it.
00:20:44.000 It's coming.
00:20:45.000 The heartless ones are the ones that stripped this country of its jobs, shipped them overseas and allowed 6 million illegal aliens to come in the country to compete, to compete with low skill workers. 1.00
00:20:56.000 That's the heartlessness.
00:20:58.000 Cortez, your analysis is always brilliant.
00:21:00.000 How do people get to you?
00:21:01.000 What are your coordinates so people can get to you and get all your content 24-7?
00:21:05.000 Thank you, sir.
00:21:06.000 Yes.
00:21:07.000 Please follow me on the Twitter.
00:21:08.000 I'm at Cortez Steve, Cortez with an S.
00:21:11.000 Thank you much.
00:21:12.000 Thanks, brother.
00:21:13.000 Dave Bratt, I've asked Dave Bratt to join us, the dean of the business.
00:21:17.000 Bratt, you have focused on, you know, instead of having the phony financial economy where we just keep printing money to the Federal Reserve to pay for all the madness, right?
00:21:25.000 Including the $100 billion in things.
00:21:27.000 You focused on the real economy and the productivity of it.
00:21:30.000 Walk me through what you got, sir.
00:21:32.000 Yeah, well, this just follows up perfectly with what Cortez just got done highlighting, right?
00:21:38.000 The jobs, unfortunately, what I'm about ready to show is not good news for jobs going forward.
00:21:45.000 You highlighted immigration.
00:21:47.000 He also highlighted the inverted yield curve, which always, you know, foreshadows the recession coming.
00:21:53.000 And most people out there are used to thinking about a recession in, you know, the way they learned economics.
00:21:59.000 You don't like a recession, but in the past, they have the positive property that they get rid of the bad firms and the rot.
00:22:06.000 The people who made bad decisions go bye-bye.
00:22:09.000 Unfortunately, that is no longer the case, right?
00:22:12.000 Now, with the $9 trillion on the Fed balance sheet and the massive federal dominance, right, the federal spending, they subsidize the failing firms.
00:22:23.000 And I'll get to that in the very close.
00:22:25.000 But anytime you hear the word environment now, you just know that's a subsidy going to someone whether they care about the environment or not.
00:22:31.000 It's just socialism and the big administrative state coming to the rescue of their friends.
00:22:36.000 And so we don't have a working economy.
00:22:39.000 How do we know that?
00:22:40.000 Well, you go to the leading scholar on productivity for the past 50 years.
00:22:44.000 Productivity has been going down.
00:22:46.000 Robert Gordon at Northwestern is the man recognized by everybody.
00:22:50.000 He's got a new NBER.
00:22:52.000 That's where the highest end journal articles originate.
00:22:57.000 And they're peer reviewed by the top economists in the world.
00:23:00.000 So he's got a piece in here from the middle of 2022 with some updates to productivity and some errors some folks are making right now.
00:23:10.000 But it's not good news again.
00:23:12.000 It's more of the same long term trend with productivity going down for 50 years.
00:23:17.000 So if the guys want to put up the first slide, there's your, you know, 70 year trend.
00:23:23.000 Starting on the left, you can just see productivity is going down, down, down.
00:23:27.000 There's a nice little blip at about 2000.
00:23:29.000 That's the dot com bubble.
00:23:31.000 But then from 2000 all the way to 2023, it's just going straight down.
00:23:38.000 And productivity is your real economy.
00:23:41.000 So when we say the real economy is a carcass laying there, that's it with productivity at roughly 1%.
00:23:48.000 And then the question is, what comes next?
00:23:51.000 And so Gordon, in his article, you know, he contrasts that the teens, right, the 2010 to 2020 decade had only 1% growth.
00:24:03.000 The dot com era had 3% growth and the long term productivity was, you know, about 2.5% from 1950, from the end of World War II until today.
00:24:15.000 And his paper, I'll put this up at Bratt Economics on Getter, goes into some highlights on the coronavirus and the effect of the shutdown on our economy.
00:24:27.000 And ironically, productivity goes up through the roof a little bit in the folks who work from home.
00:24:34.000 But what the paper shows is that is going away.
00:24:38.000 That is a big data error.
00:24:40.000 And what we should expect, he says, this assessment leaves no room for a pandemic era revival in productivity growth, as has been widely suggested.
00:24:52.000 Instead, there appears to be a consistent growth rate of about 1% in productivity going forward.
00:24:59.000 And so no good news, he brings the data on productivity right up to the current date today and says, the next few quarters, what you're going to have is rehiring and lower productivity.
00:25:12.000 Rehiring from the hiring we had prior to the pandemic.
00:25:15.000 We're rehiring folks back into the economy.
00:25:18.000 That'll actually decrease productivity. 0.90
00:25:21.000 And the next chart, I can go through the next two in 30 seconds.
00:25:27.000 The next chart, just look at the top four bars, the color, the color chart.
00:25:32.000 You got the goods, the work from home folks, the contact services who have to be with people is that little blue bar.
00:25:39.000 That's 2010 to 2019 productivity.
00:25:42.000 All, you know, less than 1%.
00:25:44.000 That's what we're working off of.
00:25:46.000 And for the economists out there, the 2020 to 22 bars, you can go research that.
00:25:53.000 But you can see the purple bar kind of offsets the blue bar.
00:25:56.000 The purple is positive.
00:25:57.000 The blue is negative.
00:25:58.000 So next slide.
00:26:00.000 I just want to get to one before that.
00:26:03.000 It's a chart.
00:26:04.000 Looks like it's a bunch of boring numbers.
00:26:07.000 Yeah, right there.
00:26:08.000 This thing, you can see the 2010 and the far left of the time period go down to 2010.
00:26:13.000 And you see the total economy productivity, 0.64, 0.88.
00:26:20.000 And then look at the business versus non-business productivity, right?
00:26:25.000 So this is the problem right now with our economy and why we have long run trend problems.
00:26:30.000 We're not highlighting the business sector anymore, the small business in particular, where everything's the government and the Federal Reserve.
00:26:38.000 Well, look at the productivity numbers under non-business, right?
00:26:42.000 0.51, 2010 for a decade, negative 0.09 in the non-business government and non-profit sectors versus the business sector, right?
00:26:54.000 So there's your bottom line.
00:26:56.000 Yeah.
00:26:57.000 Okay.
00:26:58.000 Let me pull the camera back.
00:26:59.000 You hang on through the next break.
00:27:00.000 I know you've got to bounce.
00:27:01.000 Here's what it is.
00:27:03.000 And this gets back to the deplorables of being chairman of the creditors committee.
00:27:08.000 This is all a con and a scam.
00:27:10.000 Yeah.
00:27:11.000 All this government spending, the way they juice this, if you don't have 2.5% to 3%, historically since World War II, 2.5%.
00:27:17.000 If you don't, and back in those days, it was real economic growth.
00:27:21.000 Yeah.
00:27:22.000 If you don't have 2.5% to maybe 3% of real economic growth, real growth, not the phony finance capitalism growth, you can't prosper as a society.
00:27:32.000 This is the key point.
00:27:34.000 Okay?
00:27:35.000 All they're doing, and this is going to get to the nasty fights that are ahead of us.
00:27:39.000 The nasty fights are ahead of us is that you as the adults in the room got to say, hey, guess what?
00:27:43.000 This model's not working.
00:27:45.000 And I know it's not working because the bond market's throwing up on it.
00:27:48.000 Right?
00:27:49.000 We can't continue to print money.
00:27:50.000 We're burying our kids.
00:27:51.000 There's no jobs around here.
00:27:53.000 You can see that.
00:27:54.000 Okay?
00:27:55.000 We have to go to another model.
00:27:57.000 And we're going to do it.
00:27:58.000 And the first thing we're going to do is we're going to stop this insane government spending, and we're not going to lift the debt ceiling.
00:28:04.000 We're going to use that as a leverage point.
00:28:06.000 Brat, hang on for a second, because we're getting down to brass tacks.
00:28:10.000 We're going to go back.
00:28:11.000 We've got Dave Brat at Liberty.
00:28:12.000 We're going to go to England and talk about the Scottish Prime Minister.
00:28:16.000 Because of her transgenderism, her bill, she is now out. 1.00
00:28:21.000 She quit. 1.00
00:28:22.000 New Zealand first.
00:28:24.000 Friends, you have to be blind not to see what's going on around the world.
00:28:27.000 We're facing worldwide chaos on a whole new level.
00:28:30.000 And it could all hit home really quickly in the form of food shortages.
00:28:35.000 Not to mention sky-high prices for basic groceries.
00:28:39.000 That's why so many people are stocking up on emergency food right now.
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00:29:42.000 Here's your host, Stephen K. Bannon.
00:29:47.000 Okay.
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00:30:31.000 Dave Bratt.
00:30:32.000 Continue.
00:30:33.000 You've got a massive closer here.
00:30:35.000 So continue on, sir.
00:30:36.000 Yeah.
00:30:37.000 Well, so as you said, the real economy now is a scam.
00:30:41.000 The administrative state has made its march through the institutions, owning the woke CEOs,
00:30:47.000 education, everything.
00:30:49.000 All your folks know that.
00:30:50.000 Take a look at this last chart, right?
00:30:52.000 The whole proposition now is the environment dominates and should eclipse anything else you care about.
00:30:59.000 We should give up the entire free market system, our constitutional government and freedoms because of the environment because it's so important.
00:31:07.000 Well, here's the receipts on the environment.
00:31:10.000 The curve going straight up through the roof is GDP growth, right?
00:31:14.000 That's all good news.
00:31:15.000 It's slowing, but it's going up.
00:31:17.000 Vehicle miles traveled.
00:31:19.000 We're traveling a lot of miles.
00:31:21.000 The population is down in the middle.
00:31:23.000 It's blue.
00:31:24.000 It's going up a little bit.
00:31:25.000 It needs to go up more from folks inside the borders.
00:31:31.000 But look at the bottom lines.
00:31:32.000 Energy consumption is about flat.
00:31:34.000 CO2 emissions are going down and aggregate emissions, which just means you add them all up, are going way down and less than they were back in 1970 on the far left of that graph.
00:31:46.000 So we're supposed to give up the engine, the capitalist engine that made us all rich and gave us the lifestyle that's envied around the world on behalf of this environment.
00:31:56.000 What the environment really means is go socialist, go central planning, go ESG, ship half your pension funds over to China, who is socialist in a totalitarian surveillance state.
00:32:10.000 And so I just wanted to offer up these receipts right here.
00:32:13.000 That graph right there is just staggering.
00:32:16.000 When you look at the improvements, it turns out capitalists and rich people and the middle class and the war room folks all do like clean water and clean air.
00:32:27.000 And we've made it happen using freedom.
00:32:30.000 And so that's the grand finale.
00:32:32.000 Dave Bratt, we're going to get back on.
00:32:38.000 I want to talk about that.
00:32:39.000 I love that.
00:32:40.000 I have a question or two, but now's not the time.
00:32:43.000 But it's brilliant.
00:32:44.000 How do people get to you and get all the you're putting up charts and analysis all day long?
00:32:49.000 How do people get to you?
00:32:51.000 Yeah, just go to Bratt Economics, B-R-A-T Economics on Getter.
00:32:55.000 And I post all these charts.
00:32:57.000 They'll be posted there by the end of the day.
00:32:59.000 And I try not to repeat.
00:33:01.000 So I go subject by subject.
00:33:02.000 And then parents, bring your young scholars to Liberty, third floor of the business school.
00:33:06.000 I'm in all day.
00:33:07.000 I got an open door policy.
00:33:08.000 Love meeting the young folks.
00:33:10.000 And so bring them here.
00:33:11.000 God bless everyone.
00:33:12.000 Keep the faith.
00:33:15.000 You're running a great program down there, Brad.
00:33:17.000 Thank you.
00:33:18.000 And thank you for analysis.
00:33:19.000 Thanks, Steve.
00:33:21.000 Got to get productivity up.
00:33:22.000 Don't get productivity up.
00:33:23.000 They're going to continue to sit here and say you've got to print money.
00:33:27.000 Death sparrow for the economy.
00:33:29.000 Let's go and play the call open for my next two guests.
00:33:32.000 Well, let's step away for a moment and look at other news.
00:33:34.000 And in the past hour, Scotland's first minister, Nicola Sturgeon, has announced her resignation after more than eight years.
00:33:40.000 She's been in the position since 2014.
00:33:43.000 Sturgeon will remain leader of Scotland's government until a successor is appointed.
00:33:48.000 This decision is not a reaction to short term pressures.
00:33:53.000 Of course, there are difficult issues confronting the government just now.
00:33:57.000 But when is that ever not the case?
00:33:59.000 I have spent almost three decades in frontline politics, a decade and a half on the top or second top rung of government.
00:34:08.000 When it comes to navigating choppy waters, resolving seemingly intractable issues or soldiering on when walking away would be the simpler option.
00:34:18.000 I have plenty of experience to draw on.
00:34:21.000 So if this was just a question of my ability or my resilience to get through the latest period of pressure, I wouldn't be standing here today.
00:34:30.000 But it's not.
00:34:31.000 This decision comes from a deeper and longer term assessment.
00:34:37.000 OK, that is a real Trump hater right there.
00:34:41.000 You think New Zealand and Scotland.
00:34:43.000 OK, Peter McIlvenna from Hearts of Oak.
00:34:46.000 I also have our own Ben Harnwell.
00:34:48.000 Peter, what was the real reason that she essentially got forced out or quit today's and shocked kind of the the woke left, sir?
00:34:58.000 Poor Nicola Sturgeon. 1.00
00:34:59.000 She's been stressed, dear lover.
00:35:01.000 But the real reason is, I mean, the SNP have moved away from being a Scottish national party wanting independence for Scotland.
00:35:10.000 And they're really focusing more on a whole progressive agenda.
00:35:16.000 So I'll touch on that in a bit.
00:35:18.000 The main reason was the flack that she has got is the gender recognition reform bill that they've tried to push through and actually was blocked by Westminster for the first time since devolution, I think.
00:35:30.000 And that would have given that would have given said if being over 18 and deciding what gender you want to be that day.
00:35:38.000 Actually, that would reduce down to 16, 16 year olds deciding they want to change gender and also would change the requirement of a two year gap.
00:35:46.000 So for two year, you need to be living in your new assumed gender. 1.00
00:35:50.000 It would reduce that down to three months with no medical checks.
00:35:53.000 So literally a 16 year old after three months can then announce that they want to change their gender and they would get the gender recognition certificate.
00:36:02.000 OK, hold it, hold it, hold it.
00:36:05.000 You got to help me out here.
00:36:08.000 One of the best little books out there is how the Scots invented the modern world, one of the poorest nations in Europe and transformed itself and became a leader.
00:36:15.000 And, you know, the Scotch Irish here.
00:36:17.000 This is one of the greatest countries on Earth.
00:36:20.000 How do we get into this madness?
00:36:22.000 And by the way, it's not just progressive.
00:36:24.000 This group is one of the most radical in the Judeo-Christian West and also the most radical in the world.
00:36:30.000 Am I not?
00:36:31.000 Am I incorrect in that, Peter?
00:36:33.000 Yes.
00:36:34.000 And they're more or less bankrupting Scotland.
00:36:36.000 So over, certainly under Nicola Sturgeon's eight years as leader of the SNP and in effect, first minister or prime minister of Scotland, they pushed through free tuition, free childcare, free bus passes for everyone under 22, free prescription.
00:36:52.000 So picking up your medicine, all free, free school meals.
00:36:55.000 It was the first government in the world to declare a climate emergency.
00:36:58.000 Now, the only emergency Scotland has is too wet and too cold.
00:37:01.000 No fracking, completely banned fracking.
00:37:04.000 Every child got money to buy a school uniform.
00:37:08.000 It was the first country in the world to implement minimum unit pricing for alcohol.
00:37:13.000 So now alcohol in the north is horrendously expensive and the Scots are known for being good drinkers.
00:37:19.000 Free children's bikes for everyone.
00:37:22.000 The list of freebies is crazy and out of control.
00:37:26.000 And basically, Scotland are funded by the English in Westminster.
00:37:31.000 But that's the agenda.
00:37:33.000 I think that will remain.
00:37:35.000 I'm hoping, I'm praying that we have, with the change of leader, that we have a change in direction away from the crazy gender ideology that she has pushed.
00:37:45.000 But I don't know whether you'll have a change in all the freebies and those policies, but there will be a change in direction and probably focusing once more on independence, which was the SNP's reason.
00:37:56.000 But for people that are so common sense and kind of hard headed, right?
00:38:03.000 The Scotch Irish here, you get the Presbyterians, you know, the Stonewall Jacksons. 0.98
00:38:06.000 These are people that when they're focused, you know, they're born fighting.
00:38:10.000 And when they're focused, they're focused.
00:38:11.000 You're not going to get them off it.
00:38:12.000 How did that get, how did the gender, the most radical parts of the gender ideology take over Scottish political leadership? 1.00
00:38:22.000 Tell us how that happened.
00:38:24.000 Well, it happened under the umbrella of independence.
00:38:27.000 I know when I talk to Scottish friends who have voted for the SNP because they want independence at all costs because of the hatred of the English.
00:38:35.000 And that's the SNP's umbrella policy.
00:38:39.000 But many people vote for the SNP and they say, you know, we don't like all these other policies, but we need to be rid of the English.
00:38:45.000 And that kind of inbuilt hatred derives in the vote for a party that has taken that because they are the only party wanting independence and allowed them to do everything else they've wanted to.
00:38:57.000 So you've had crazy, far, far communist politicians leading the SNP that have abused the mandate they have received for independence and used it for something completely different.
00:39:09.000 Now, support for the SNP has dropped considerably.
00:39:13.000 I think there are 20, 20, 30,000 members have left the SNP.
00:39:20.000 So they're facing a problem within the party.
00:39:23.000 And I think they have decided that actually Nicola Sturgeon is too divisive a figure and maybe this gender stuff needs to be put to the side.
00:39:32.000 But it's under that we need independence and they've been able to slip in a lot of other issues that people don't like but will kind of nod and accept simply because of the hatred of the English.
00:39:45.400 Peter, how do people get to Hearts of Oak?
00:39:47.800 What's your coordinates?
00:39:48.800 How do people get more access to you, your content, and your show?
00:39:52.040 So at Hearts of Oak on Getter, Truth, Gab, and then on the website, heartsofoak.org forward slash live stream.
00:39:59.460 You can watch all our videos there.
00:40:02.000 Peter, thank you so much.
00:40:04.060 Honored to have you on here.
00:40:05.240 Let me go to Rome and to Ben Harnwell.
00:40:06.680 Ben, you were in commons in the European Parliament as a factotum.
00:40:13.880 Explain to me the madness here.
00:40:15.660 By the way, I should just give you an answer.
00:40:16.840 I went over and gave a speech that the Financial Times put on in 17 in Scotland right before Christmas, and they had a dinner with the prime minister.
00:40:26.580 It's a big deal.
00:40:27.580 I'm up there with all the swells, giving them my brilliance.
00:40:32.000 And she's supposed to be there for a dinner.
00:40:34.440 She basically said, anybody who worked for Trump, I hate Bannon just a little bit less than I hate Trump.
00:40:39.640 And she didn't come.
00:40:40.740 I think the first time that a Scottish prime minister stiffed these guys because it's a big deal.
00:40:45.500 Wouldn't come.
00:40:46.420 Wouldn't want to be in a room with anybody associated with Trump.
00:40:48.380 So, a true hater.
00:40:51.220 Ben Harnwell, how did the – you see it from Rome, this radical gender ideology.
00:40:57.460 How did this take over the hardcore left throughout Europe, but particularly in Scotland?
00:41:02.780 Well, you know, it's a long transformation not only in Scotland.
00:41:07.820 We see it right throughout the West.
00:41:09.580 And I think fundamentally the reason is with the collapse of the Berlin War 30 years ago, the left really, once the economic platform fell for the floor, it spent a generation and a half searching for a new identity.
00:41:27.300 And when, of course, the globalists, the World Economic Forum and what have you, they successfully inserted into the reason for being of these left-wing parties, but not only on the left wing, a totally foreign and alien agenda.
00:41:47.160 And I think that's really the problem that Nicola Sturgeon faced, who I always credited with being quite – I mean, obviously, I don't support her politics, but I always credited her with being quite an accomplished and capable politician in a way that I never rated the Jacinda Ardern, whom you were referring to a short while ago,
00:42:15.340 the resigned in disgrace prime minister of New Zealand, who I always thought was just basically a waste of space and fundamentally incapable.
00:42:25.060 I would sooner compare Nicola Sturgeon to Angela Merkel, who, as, again, I'd say a relatively competent, experienced political leader, found herself breaking the back of her own political career, 0.92
00:42:42.680 because she found herself unable to resist the globalist agenda.
00:42:49.200 Now, in the German case, it was the open borders.
00:42:56.500 They just hadn't accepted a couple of million asylum seekers from Syria in a very short time.
00:43:02.700 And, of course, that just finished her political credibility totally. 0.59
00:43:05.960 In the Scottish case, it's – even though she has – well, you know what?
00:43:12.020 I'll give away for the break, and I'll explain exactly what went down in Scotland, because it's absolutely terrifying.
00:43:19.660 Perfect.
00:43:20.840 I think this may have something to do with the collapse of Christianity.
00:43:24.860 Just saying.
00:43:26.140 Remember, this is Scotland, folks.
00:43:28.400 Scotland.
00:43:28.840 Back in a moment, we're also going to get – pick Ben's brain on the Financial Times getting wobbly on the Ukraine.
00:43:37.320 Next, in the War Room.
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00:45:41.900 We're going to have a lot more.
00:45:42.840 We're going to talk about it every day about what we're going to do.
00:45:45.100 Also, back here at 5 to 7 at night.
00:45:46.820 It's going to be wild.
00:45:47.640 We've got so much.
00:45:48.200 The Chinese. 0.54
00:45:48.920 We've got Ohio.
00:45:51.000 We've got AI.
00:45:52.960 5 to 7 at night.
00:45:54.060 PAC.
00:45:54.440 Charlie Kirk right after us.
00:45:56.540 Ben Harnwell.
00:45:57.280 Let's cut to the chase.
00:45:58.260 Correct me if I'm wrong, brother.
00:46:00.820 But what we're seeing in this.
00:46:03.060 Remember, what she tried to force on the Scottish people is so radical about this gender ideology. 0.60
00:46:10.200 And this is Scotland.
00:46:11.540 The practical, hard-headed Scots. 1.00
00:46:13.340 This is St. Andrews and Braveheart for those that have never gone there.
00:46:17.780 Right?
00:46:18.320 But it is a fabulous country with fabulous people.
00:46:22.840 And they're so practical.
00:46:24.160 They've done so much for America.
00:46:25.380 It's coming here as the Scotch-Irish, right? 0.97
00:46:27.220 The born fighting crowd that all the way down from New York, all the way through Appalachia, right?
00:46:32.640 It's added so much to this country.
00:46:34.100 And the backbone, they are the deplorables.
00:46:36.400 How this happened.
00:46:37.380 This is the collapse of Christianity. 0.59
00:46:39.120 Is it not, sir?
00:46:40.800 It is.
00:46:41.880 And I declare an interest that my grandmother, my late grandmother, was from Dundee.
00:46:48.300 It is.
00:46:48.940 I mean, fundamentally, this is the paradigm that underwrites the whole of the political discourse in the West.
00:46:58.000 Because Christianity proposed an understanding of man, that every single person was of infinite value, unique, irrepeatable, made in the image and likeness of God. 0.57
00:47:09.900 And that's there in the Judeo-Christian tradition.
00:47:14.860 And what we've had after two centuries of increasingly militant and hardline and intolerant secularism is the redefining of what man is.
00:47:26.500 Basically, man being, to go back to, I think, Greek philosophy, a social animal.
00:47:31.000 But the difference is this.
00:47:33.160 And under the Christian, the Judeo-Christian anthropology of what man is, man has his own dignity, his own rights, his own value, before he enters society.
00:47:45.140 Because it's part of his ontology, if you'll let me.
00:47:48.840 It's part of his being, right?
00:47:50.040 But the modernist projection says that man only has a person, a human being, only has any value or dignity to them once they enter society.
00:48:03.000 Because it's part of their role, their participation in society that gives a person their value.
00:48:10.220 Well, these are irreconcilable, contrasting viewpoints.
00:48:19.120 And the fundamentalist, because when you have a society built up of individuals, you have a liberal democracy.
00:48:24.720 When you have a society which is basically a collective, a social collective, you then have totalitarianism.
00:48:32.000 And what we're seeing as we're moving along the sliding scale here, as human history winds along its path, is the receding, the recession of Christianity as the bedrock of our culture is giving way to a totalitarian viewpoint.
00:48:49.040 And, of course, that's why, as Peter was saying correctly before, that without even thinking about it, Nicola Sturgeon started pushing all these communist policies in Scotland.
00:48:58.900 Edem Angela Merkel, Edem Jacinda Ardern, and it's the same, the left over.
00:49:06.300 And this is the reason why, because the left doesn't believe that a human being in and of themselves has an infinite value to them.
00:49:14.620 They believe that they, as the overlords of society, get to say what the value is for a human being or what it isn't.
00:49:22.320 They can give and take away, according to as they define, bills of rights and constitutions.
00:49:28.140 That's the horror of the situation that we're moving to.
00:49:31.840 It's something that we as defenders of the Judeo-Christian West are absolutely implacably opposed to.
00:49:38.800 I don't know if you want to just cover in the closing minutes exactly what happened in Scotland.
00:49:46.440 I tell you what, let's pivot.
00:49:50.660 I want to hold that.
00:49:51.620 I want to hold that and get a deeper dive on that maybe tomorrow.
00:49:54.940 I want to, real quickly, I just want to turn because I've got to get back to the FT here.
00:49:58.580 The hot new book among all your betters, the World Economic Forum crowd, is Martin Wolf's Crisis of Democratic Capitalism.
00:50:05.420 This is the book, okay, that's out right now.
00:50:07.800 Wolf is the lead columnist for the Financial Times of London.
00:50:10.780 And I just got to get to the Ukraine of it all. 0.68
00:50:14.300 The new intervention is laden with risk by Martin Wolf.
00:50:17.980 This is like, gee whiz, this new intervention is laden with risk.
00:50:22.480 Yeah, we told you that a year ago before you killed 50,000 Ukrainian civilians.
00:50:27.100 Your thoughts on this from your seat in Rome, Ben Harnwell.
00:50:31.320 Well, jump from one of my favorite hobby horses to another one.
00:50:37.100 The issue here about the new interventionism is exactly the problem that we had with the neocon project of nation building.
00:50:44.520 It's not so much that these people believe that you can, with enough dollars, recreate societies that don't have the cultural underpinnings to produce a Western law-abiding democracy.
00:50:59.520 The problem with nation building or new interventionism or whatever the present name is, is that it's an opportunity for grift for the overlords.
00:51:09.400 That's the reason why everyone watching the war must be opposed to this project, because it's yet another justification behind which the sociopaths that misgovern us can take ever more money from our bank accounts, from our money supply, and leave us in poverty.
00:51:29.520 Ben, how do people get to War Room Rome?
00:51:33.020 How do they get to all the stuff you're putting up all the time?
00:51:34.980 We're going to get you back on probably tomorrow to continue on this, because the Scottish question is quite important for everyone in the world to understand exactly how this happened to one of the greatest countries and one that arguably invented the modern world.
00:51:49.440 Ben, how do people get to you?
00:51:50.460 I'm on Getter.
00:51:54.160 Either go to the app, the Getter app, or go to Getter.com on your internet browser.
00:52:00.780 Just go at Harnwell, and there I am with my contributions.
00:52:07.000 Ben Harnwell, thank you very much.
00:52:09.220 Appreciate it.
00:52:10.040 Ben Harnwell's show, Grace and Moe, make sure you know what time it's up, the War Room Rome, and we translate it into English so that you guys can all see it.
00:52:19.600 Okay, Charlie Kirk follows us.
00:52:22.540 We're going to be back 5 to 7.
00:52:25.020 I'm going to play a little of the Ronnie Jackson, maybe even the 5 o'clock hour.
00:52:27.860 I've got Navarro, I've got Monica Crowley, we have some other folks. 0.79
00:52:31.480 But I've got to play his concept of the purge of the institutions of government, something we have to focus on.
00:52:39.340 Okay, MyPillow.com, promo code War Room.
00:52:41.580 You buy one, get one free.
00:52:42.860 Let's load up on pillows before we see you back here at 5 o'clock.
00:52:47.280 5 at 7, Eastern Time, right back here, Real America's Voice.
00:52:51.540 The War Room.
00:52:52.320 We're going to be on fire across the country and the world.
00:52:55.920 See you then.
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