Bannon's War Room - March 01, 2023


Episode 2554： The Weaponizing Of Our Government Against The American People


Episode Stats

Length

54 minutes

Words per Minute

171.82341

Word Count

9,437

Sentence Count

750

Misogynist Sentences

8

Hate Speech Sentences

12


Summary

In this episode of the War Room, Steve and his guest, Cortez Blanner, discuss the current economic, political, and geo-political crisis that we are in, and why it is the most dangerous moment in American history.


Transcript

00:00:01.000 This is the primal scream of a dying regime.
00:00:06.000 Pray for our enemies, 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've tried 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.
00:00:27.000 I wish in my soul, I wish that any of these people had a conscience.
00:00:32.000 Ask yourself, what is my task and what is my purpose?
00:00:36.000 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. Bannon.
00:00:49.000 Okay, it's the 1st of March. It's Wednesday, 1 March, Year of Our Lord, 2023.
00:00:53.000 We are marching through this year, one of the most important years in an inflection point in American history.
00:01:00.000 Right there, Cortez.
00:01:02.000 You had one of the smartest guys, one of the biggest thinkers in all Washington.
00:01:06.000 Newt Gingrich lay out the Iron Triangle of the CCP, Persia and Russia,
00:01:12.000 which is what the Biden administration has stumbled into and forced.
00:01:15.000 Right. And this is going to be an Iron Triangle that you throw in Turkey, you throw in Pakistan,
00:01:20.000 you throw in our buddies in the House of Saud in Saudi Arabia, throw in Qatar.
00:01:24.000 You give them Pakistan and mini me in North Korea.
00:01:28.000 You've got a problem on your hands.
00:01:30.000 Big time. You get thrown in the Caribbean, Brazil.
00:01:32.000 You've got a bigger problem.
00:01:34.000 I want to compare and contrast that, Cortez, because you're the biggest America first star I know.
00:01:39.000 I want to talk about not the gathering storm, the storm that's here globally, geopolitically,
00:01:44.000 with the storm that's also here financially and structurally.
00:01:49.000 Right. And they are certainly interrelated and all of them created crises,
00:01:54.000 crises plural, because of Joe Biden.
00:01:56.000 I think that's such an important point, too. This isn't bad luck.
00:01:58.000 It's not happenstance. It's not just the business cycle or just, you know, the fate of geopolitics.
00:02:03.000 These are created crises by Joe Biden because America has never had such an absolutely corrupt, incompetent,
00:02:11.000 compromised commander in chief as Joe Biden.
00:02:15.000 And on the international level, I totally agree with Newt Gingrich.
00:02:18.000 We need to make sure that we are awakened to the reality and the danger of the moment.
00:02:22.000 In my estimation, it's the most dangerous national security moment for America since the Cuban Missile Crisis,
00:02:28.000 because we have never been closer to an all out conflagration.
00:02:32.000 We're already effectively at war with Russia.
00:02:34.000 But we've never been closer to an all out conflagration with a nuclear power in the United States history than we are at this time,
00:02:41.000 except for the Cuban Missile Crisis.
00:02:43.000 By the way, that whole crisis, though, bring us to the precipice then, of course, was totally necessary because the Soviets literally had nukes 90 miles away from the United States.
00:02:52.000 This is a completely dissimilar situation.
00:02:55.000 But the but the reality of the danger is the same.
00:02:58.000 And then to connect that to the economy at the same time that we are at the brink of perhaps World War Three and the United States position as global superpower is just so threatened from a geostrategic standpoint.
00:03:10.000 At the same time, our financial condition continues to massively and quickly deteriorate because of the policy mistakes of Joe Biden and the Republicans in permanent Washington who have enabled and unfortunately allowed this kind of destruction of our of our of our prosperity in this country.
00:03:29.000 Steve, and just to give you a data point, it's not just my hey, hey, hey, hey, hang on, hang on.
00:03:33.000 Hang on. Well, before you pivot, because I know you're going to pivot the economy and we need this.
00:03:37.000 You go back to the Cuban Missile Crisis, we didn't have a shooting war like World War One in the Eurasian landmass.
00:03:42.000 So where that where that it's a proxy war, this is the this is U.S. versus Russia.
00:03:46.000 Don't don't let that's U.S. versus Russia with the little pimp Zelinsky now dictating to us what the terms of the off ramp are right.
00:03:54.000 Right. But more as importantly, in the Cuban Missile Crisis, as it was, we were a different nation financially.
00:03:59.820 We had a pristine balance sheet. We're a manufacturing superpower.
00:04:04.080 And just for people to remember, it was only 15 years after World War Two.
00:04:11.580 Russia was still devastated with, what, 65 million war dead.
00:04:15.000 Leningrad said all these all these places devastated because they didn't get a Marshall Plan.
00:04:20.160 They shouldn't have because of the because of the Bolsheviks, the murderous dictatorship that that was suppressing the Russian people.
00:04:27.600 So so it's a totally different. But Kennedy played from strength, from massive strength, a superpower and manufacturing.
00:04:35.200 We were the arsenal of democracy. That's how the war was won.
00:04:37.900 We were a manufacturing superpower. We had a totally clean balance sheet.
00:04:42.600 The dollar was in the early decades of being the prime reserve currency after Bretton Woods.
00:04:47.600 We were a superpower and played with we played with a with a with a with the full.
00:04:54.540 We had a deck of cards that were going our way. Steve Cortez. Why is that different today, sir?
00:04:59.580 Yeah, no, that's exactly correct. And that's also why, even though I myself have made a lot of comparisons,
00:05:04.340 the present economic situation to the 1970s, and a lot of those comparisons are apt, Steve.
00:05:08.680 But things are much worse now than the 1970s, because similarly to your point, you're talking, of course, about the early 60s.
00:05:15.540 But same thing in the 1970s, the last time that we really grappled with runaway inflation in this country.
00:05:20.440 And it was terrible for the United States and folks who are old enough have awful memories economically of that time.
00:05:26.260 But we were actually far stronger for some of the same reasons that you cite.
00:05:30.580 At that time, we still had a massive domestic manufacturing base.
00:05:35.160 We were not being abused in trade by anyone in the world, certainly not by China, which was having trouble feeding itself at that point.
00:05:41.840 And also to your point, we didn't have runaway debt.
00:05:45.460 Right. We had not had an economy that had been financialized.
00:05:48.840 We didn't have a country in an economy that was largely ruled by oligarchs.
00:05:53.080 That is the reality of the 1970s. So as bad as the economy was then, I think most of us would take it in a second if we could somehow trade places.
00:06:00.280 But of course we can't. We have to deal with the economic reality that we face today.
00:06:04.840 And the harsh economic metrics continue to point downward, decidedly downward.
00:06:11.580 And I don't project that to depress people, but rather to motivate people to take action.
00:06:16.860 Just today, during your show, Steve, 10-year Treasury yield,
00:06:20.420 which is the benchmark interest rate for the entire world, for all interest rates in your life,
00:06:24.700 from your credit card to your home mortgage to your home loan to a business loan,
00:06:28.280 10-year Treasury yield, as we speak during this show, hit 4% for the first time this year.
00:06:33.380 We are at the highs of the year and haven't been there, by the way, since last November.
00:06:38.940 Now, why does that matter?
00:06:40.340 Because at the same time that we're needlessly escalating a war in Ukraine,
00:06:45.120 we are borrowing the money to do so at ever-increasing interest rates.
00:06:50.360 So as a country, we are unfortunately facing the same reality that so many individual citizens are facing,
00:06:56.340 that I talked about in that Chalk Talk.
00:06:58.360 And by the way, that Chalk Talk is from January, just so we're clear.
00:07:01.540 Okay, War Room showed that weeks and weeks ago.
00:07:03.740 I'm glad Axios caught up today and is talking about the very same issue,
00:07:07.260 but we were well ahead on that.
00:07:08.440 But that same predicament that individuals are in, where they can't make their car payments,
00:07:13.360 and particularly the subprime level, they are systemically delinquent, extremely delinquent on paying their bills.
00:07:19.820 The United States as a whole right now, unfortunately, is careening toward that exact same reality
00:07:26.040 as interest rates rise and debt and deficits really, really matter again.
00:07:31.060 Steve, what is your assessment right now?
00:07:36.460 Because there's a report out from Reuters today about surging, about the surging manufacturing.
00:07:41.980 Your PMI is up over 50%.
00:07:44.660 I want you to tell the audience why that's important.
00:07:46.560 It's 52.7, I think, today for, I believe it's the February, January, February number just came out about China.
00:07:53.460 It looks like China is roaring back.
00:07:55.800 What is your assessment?
00:07:56.740 Is that right or wrong?
00:07:57.960 And how will that impact your analysis and assessment of this?
00:08:02.040 Right.
00:08:02.220 Let's just be clear, by the way.
00:08:03.440 That is Chinese PMI, not the United States.
00:08:05.940 You know, regarding China, I think that China, as a command economy, has the ability in the near term
00:08:11.580 to juice numbers and to juice production when it wants to.
00:08:14.900 So that may, in fact, be a valid number.
00:08:16.880 Now, if you look at the larger trend, if you put it in context, the trend is miserable for China,
00:08:21.700 even worse than the United States.
00:08:23.740 In large part, though, they're interconnected because China is still so beholden to the U.S.
00:08:28.460 consumer for growth.
00:08:29.520 And the U.S. consumer is increasingly in a terrible spot.
00:08:33.000 And once again, not my opinion.
00:08:34.700 Let's look at data.
00:08:35.420 Let's look at data, you know, first on the manufacturing side, since you mentioned PMI.
00:08:38.400 And then let's move over to the consumer side.
00:08:40.280 So if we pull up chart number one, this is the Dallas Fed Manufacturing Production Index.
00:08:45.980 This just came out, and I'm showing you that since January of 2021 when Joe Biden took office.
00:08:52.200 Like so many of these metrics, he had a wonderful economic handoff from Donald Trump.
00:08:56.980 It was the Trump boom 2.0 as America was aggressively reopening from the lockdowns in the spring of 2020.
00:09:03.900 So that is what he inherited.
00:09:05.360 Ever since then, look at the downward trend from the Dallas Fed Manufacturing Index, which has almost gone negative.
00:09:13.040 It just eked out barely a positive number of 0.2.
00:09:18.200 For context, it was 48 at the beginning of Biden's term.
00:09:22.220 That was the handoff was 48.
00:09:23.940 It is now effectively all the way down to zero.
00:09:27.220 And the trend is not your friend right now.
00:09:29.140 It looks certainly as if it is heading into negative territory.
00:09:32.280 So that's on the manufacturing end.
00:09:33.580 Now, brand new off the presses today.
00:09:35.680 Let's look at what the state of the consumer is right now.
00:09:38.800 If we go to chart number two, this just came out.
00:09:41.540 Lowe's offers soft sales outlook as revenue misses expectation.
00:09:46.160 Lowe's stock as we speak, the home improvement giant, big box retailer, is down 5% on the day as we speak.
00:09:55.040 Lest you think that perhaps this is Lowe's specific and only they are having problems, let's look at chart number three.
00:10:00.040 This is Kohl's.
00:10:01.380 Kohl's department store, very similarly.
00:10:03.320 Post losses and warns of a profit shortfall.
00:10:07.300 They particularly talked about how miserable the fourth quarter was for them.
00:10:10.740 The Christmas shopping season was miserable for Kohl's and it was for many retailers.
00:10:16.160 If we go to chart number four, let's take a look at Amazon, Amazon stock price.
00:10:19.720 And look, I always sort of give this disclaimer.
00:10:22.420 I understand that the audience joins me in despising Amazon as a company, what they have done to America in so many ways.
00:10:29.640 Nevertheless, it's the second biggest employer in America.
00:10:33.280 It is the most ubiquitous force in retailing.
00:10:35.720 Therefore, we must pay attention to what Amazon does and says and let's look at its stock price.
00:10:41.420 That is also like the manufacturing chart I showed.
00:10:44.040 This is since Biden took office, which I showed at the beginning of the chart.
00:10:47.700 Early in his tenure reached $180 on Amazon stock price, went all the way down to $81 and is presently trading at only $94.
00:10:57.760 So it's effectively been cut in half since Biden took office.
00:11:01.260 That's Amazon.
00:11:01.960 That is reflective of the state of the U.S. consumer right now.
00:11:06.320 That deteriorating consumer is intrinsically linked, of course, to the weakness that China has because it is still largely beholden to the U.S. consumer for its growth.
00:11:15.760 So the global economy is in terrible shape.
00:11:17.900 But focusing here on the United States, unfortunately, the trend is worsening, Steve, and rising interest rates.
00:11:24.820 That's a factor that no one in this country needs, which no one can afford 10-year yield back at 4%.
00:11:30.860 When you combine that with the strategic national security risks that you are taking, you can see that Joe Biden right now is a commander in chief who, along with assistance from people like Mitch McConnell and Tom Cotton, Republicans in the Senate, is literally destroying America, putting our lives at risk in this escalation and smashing and squashing our prosperity.
00:11:54.180 That's the reality right now.
00:11:55.480 We got Yellen over in Ukraine promising basically unlimited underwriting of their government.
00:12:03.080 We actually had, and we'll try to get to it later, Biden called out Russ Vogt for Russ Vogt being on the show the other day.
00:12:10.440 Russ Vogt, remember Trump's last OMB, laid out the plan here, which is to have massive cuts in the budget this year in appropriations.
00:12:19.320 And he actually is talking about $100 billion now out of Medicaid, and Biden's going crazy on this.
00:12:24.780 $100 billion, that doesn't really go to anything that Medicaid should be doing.
00:12:29.160 Not Medicare, not Social Security, Medicaid.
00:12:32.360 That's a festering sore.
00:12:34.600 And Biden called him out by name.
00:12:36.320 If we don't take this on right now, Cortez, this appropriations process, and take the hard line of the debt ceiling, that one penny increase, it's game over, right?
00:12:46.800 And by the way, remember, the 10-year treasury runs your life.
00:12:50.080 Where's the 10-year treasury as we speak right now, Brother Cortez?
00:12:55.280 4%.
00:12:55.680 4.0%.
00:12:56.320 No, and you're exactly right.
00:12:57.920 You know, Steve, there's sort of a phrase in foreign policy circles that the first question the President of the United States would ask regarding national security is, you know, where are my aircraft carriers?
00:13:06.100 Where are America's aircraft carriers?
00:13:07.120 That's sort of the first question that mattered.
00:13:09.760 It matters less so in a digital era.
00:13:11.520 But nonetheless, you sort of get the point.
00:13:13.180 Well, when it comes to the economy, the first question that should be asked is, where is 10-year treasury yield?
00:13:18.000 Because it matters far more to most people's lives than the stock market.
00:13:21.160 Stock market's important, but not as important, not as critical as 10-year treasury yield to most people.
00:13:26.320 And we enjoyed a false period, okay, of artificially low interest rates, which were suppressed by central banks.
00:13:32.900 But it's like holding the beach ball underwater.
00:13:34.860 You know it can't last forever, okay?
00:13:36.660 And when it pops up, it's going to do so in a way that you may not be able to correctly predict.
00:13:41.200 Well, right now, yields are rising dramatically.
00:13:44.760 Global bond markets are in revolt against the United States, against the Biden regime, against what Congress has done for far too many years, against what the Fed has done.
00:13:54.680 The Fed seems to have found religion, albeit too late, but better late than never.
00:13:58.500 The reality is, getting back to the fiscal side and your question about these upcoming debt ceiling negotiations, Steve, we simply have no choice.
00:14:05.600 It's not just that I think it is politically expedient to hold the line, and it is, but it's bigger than that.
00:14:11.000 It's that we are literally not going to have a choice.
00:14:14.320 Because as these interest rates spiral out of control, we are already on a trajectory where the largest single expenditure of the federal government is going to be interest on the debt.
00:14:24.280 The interest.
00:14:24.740 For which you get nothing back.
00:14:26.720 You don't get a road.
00:14:28.100 You don't get a missile.
00:14:29.160 You get nothing back.
00:14:30.380 Just interest on the debt.
00:14:33.000 Cortez, how did we get to all your content, brother?
00:14:35.520 Yeah, please find me on Twitter.
00:14:36.740 I'm at Cortez Steve.
00:14:38.400 Cortez with an S.
00:14:39.220 Appreciate it.
00:14:41.420 Cortez, on 3 November, the evening of 3 November 2020, the interest rate was 0.86%.
00:14:47.440 It's 4% today.
00:14:48.840 0.86%.
00:14:50.420 Thank you, Cortez.
00:14:51.600 Catherine Engelbrecht with a bombshell next in the war room.
00:14:55.440 Despite the U.S. blowing through $31.4 trillion debt ceiling in January, the leftist White House still refuses to reduce spending.
00:15:07.660 While our national leadership has buried their heads in the sand, when it comes to fiscal responsibility, it's time to pull yours out.
00:15:16.020 Think about this.
00:15:16.820 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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00:16:24.720 Your host, Stephen K. Bannon.
00:16:29.300 Have you noticed how on fire we are this morning?
00:16:33.160 You know, it's not just a couple of things.
00:16:35.040 By the way, I think it's the first time in history to show I dropped a mini F-bomb, right?
00:16:40.360 That's what happens when you take one day off.
00:16:43.260 And if you notice we're on fire and on, you know, just all over it this morning, it's a couple of reasons for that.
00:16:48.740 Number one, it's not just the new haircut.
00:16:50.360 It's also, Natalie was so good yesterday, I call her Lou Gehrig to my Wally Pip.
00:16:54.360 So I got to take my game up.
00:16:56.200 I understand.
00:16:57.260 I got to take the game up.
00:16:58.440 But most importantly, I got a great night's sleep.
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00:17:36.460 So you talk about this – we're talking about geopolitics and capital markets from everywhere from the Ukraine to Moscow to Beijing to now Tehran.
00:17:48.100 I got Brett and Natalie going to show me in a second.
00:17:50.140 But there's an aspect of this.
00:17:51.440 They had nude on.
00:17:52.200 You talk about home title lock and about the cyber warfare everywhere.
00:17:54.940 And you got to go to home title lock and you got to check out.
00:17:58.680 Just look at their services because you got to make sure that your deed, right, your ownership of your title, your ownership of your home is not somebody taking it electronically on a cyber attack and is now taking out a second loan, a home equity loan that you're going to have to pay off.
00:18:15.740 But this cyber goes to many different aspects.
00:18:21.660 Catherine Engelbrecht is really the person that's been on this voter integrity, really the voter election crimes bureau for longer than anybody.
00:18:32.200 I've known her for, I don't know, 12, 14 years.
00:18:33.980 She's been doing this from 2008, 9, 10.
00:18:36.440 Catherine, this lawsuit, I guess you just followed, to me is a blockbuster because it ties in geopolitics, technology, electronic cyber attacks, unrestricted warfare of the Chinese Communist Party into one suit about the basic way we govern ourselves and who our elected officials are.
00:18:57.900 If we can't get this solved, country's over.
00:19:00.560 Walk me through what you guys have found, why this is more important than ever, and what are you guys doing in the courts of law?
00:19:06.440 Well, what we filed on Friday was an emergency motion to inspect evidence, evidence that is being held in Los Angeles County, and they are meeting tomorrow.
00:19:18.360 There's a hearing tomorrow in which we believe the court will determine whether or not they will release information that they have been holding since October,
00:19:27.800 information that they seized when they raided the offices of an election software company in Michigan called Conic.
00:19:36.460 And Conic is, as it says in our filings, is closely associated or appears to be closely associated with the Chinese Communist Party.
00:19:50.000 And we have affidavits to support this, we have findings that support this, and as you say, this is at the core of everything that we are as a republic.
00:20:03.620 By all appearances, Conic software, which is being used in some of the largest counties and states in our country, is developed in and run by and monitored from China.
00:20:15.320 I want to go back to just the timeline here, because I think it's very illustrative.
00:20:21.460 You guys had what I call the Arizona Sessions.
00:20:23.900 You had a meeting or a gathering of concerned citizens, I believe, in Arizona, where in a thing called, I think, the Shed,
00:20:31.920 and you gave an all-day presentation and presented some information on this.
00:20:36.360 Then I think the CO went missing or something like that.
00:20:39.840 There was all types of, you know, to track this guy down, to find out what went on.
00:20:45.360 You guys kind of nailed it with your evidence and your investigation.
00:20:49.480 Then the New York Times, I think, came out with an article that said,
00:20:53.020 hey, we want to show what conspiracy theory wingnuts look like.
00:20:55.780 It's Catherine Engelbrecht and Greg.
00:20:58.040 And then the next day, I think he was arrested.
00:21:00.220 Walk us through the timeline, because you guys have been correct at every time along here,
00:21:04.100 although you've been mocked and ridiculed by the New York Times.
00:21:06.720 And this thing hasn't gotten enough visibility, because there's something seriously wrong here, right?
00:21:13.580 And that's why this is seriously wrong.
00:21:15.240 And you guys call it from the beginning, and the mainstream media tried to make it seem like you guys had the tinfoil hats on,
00:21:21.180 when in fact, you actually had the receipts, ma'am.
00:21:25.060 Yes.
00:21:26.140 And there's an element to this that is not represented in our court filings,
00:21:30.120 but here on your show, if you'll permit me, I want to introduce it yet again,
00:21:33.780 because it's such an important piece to this story.
00:21:36.480 When we found what we found related to CONIC and its exposure of election-related data,
00:21:44.160 election workers and election management-related data being housed on servers in China.
00:21:51.740 And if you are aware of, as I'm sure your astute listeners are,
00:21:55.120 if it's in China, the Chinese government owns it.
00:21:57.360 That's the rule.
00:21:58.080 So there's no good reason that this should be happening.
00:22:01.940 But we turned this over, these findings over, to the Federal Bureau of Investigations
00:22:08.500 in the early part of 2020, first quarter of 2021.
00:22:13.260 Worked with them through the next 16 months.
00:22:17.620 And it was in around April of 2022, when we were told that the D.C. office had gotten involved
00:22:27.760 and everything changed.
00:22:30.120 The Biden administration, once they became aware of the work that was being done,
00:22:35.260 put the immediate kibosh on it.
00:22:37.480 And more than that, turned it to suggest that we were somehow in the wrong.
00:22:42.720 And the special agents that we had been working with came back and told us,
00:22:48.260 be prepared because, and be prepared to go public with this because the D.C. Bureau is coming after you.
00:22:55.400 The D.C. Bureau, this gets back to Ray.
00:23:01.100 I mean, this is why we started the show as the tee-off for you to come in.
00:23:05.300 I mean, he's whining there, oh, you know, we can't really, they're not cooperating.
00:23:10.300 You guys have had evidence, and people on the show know about the CCP.
00:23:14.140 If it's in, first off, any company at all works at the benevolence of the CCP,
00:23:21.020 and they're involved with political officers.
00:23:22.720 That's right.
00:23:22.980 If it's on a server, it's their property.
00:23:26.000 They're using it, and they're doing what they want.
00:23:28.320 You can't make up any excuses about that.
00:23:30.380 It's obvious.
00:23:31.000 But I want to go back through.
00:23:32.360 For 16 months, you worked hand-in-glove with the FBI field office,
00:23:36.960 and field agents knew something was up.
00:23:38.760 As soon as it got kicked up higher, all of a sudden, not just chilled,
00:23:41.860 they kind of came out and really came against you guys
00:23:45.140 and took the side of the company, correct?
00:23:48.700 Well, whether or not they took the side of the company, I don't know.
00:23:52.820 What I do know is they took the side against us.
00:23:55.780 And that then led to a very fateful call from one of the agents we were working with
00:24:02.400 who said, you need to take the nuclear option.
00:24:04.860 And I said, what's that?
00:24:05.860 And he said, you need to go public, which we did, as you described in an event
00:24:10.120 we called the pit in Arizona in the summer of August, or August 2022.
00:24:16.340 And that's when we began to talk about what we had found.
00:24:20.500 And the reason that we did it in the way that we did it to a room full of researchers
00:24:25.540 was because if we were silenced, if we were suddenly disappeared,
00:24:30.660 we wanted this story to be told.
00:24:32.860 Immediately thereafter, Connick, the company, sued us.
00:24:38.000 Immediately after that, L.A. County raided the offices of Connick in Michigan,
00:24:44.820 indicted under criminal charges the CEO, Eugene Yu.
00:24:49.340 That's still in play in L.A. County.
00:24:52.800 Our lawsuit is still in play.
00:24:55.080 During the course of that lawsuit, we were put in prison.
00:24:57.800 I mean, this has had, you know, twists and turns that I could have never possibly imagined,
00:25:04.160 but I cannot overstate the serious nature that this should be recognized as.
00:25:13.100 I mean, this is everything.
00:25:15.140 We know it's serious.
00:25:16.120 We know it's serious nature.
00:25:17.680 How long did they put you and Greg in prison for it, ma'am?
00:25:21.140 We were in nine days with solitary confinement and only released because we won an appeal,
00:25:28.300 an emergency appeal through the Fifth Circuit.
00:25:30.300 Had that not occurred, we were scheduled to be imprisoned indefinitely.
00:25:34.780 There was no bond.
00:25:37.420 Catherine, you're one of the most prominent fighters in the election integrity.
00:25:41.620 You've dedicated your career to this.
00:25:44.400 Why did they put Catherine Engelbrick in prison for nine days
00:25:48.960 and only on an emergency ruling did we get you out?
00:25:50.940 Why were you and Greg imprisoned?
00:25:53.460 Well, the judge at the time, who has since recused himself, interestingly,
00:25:57.980 which is very unusual for an Article III federal judge,
00:26:01.460 but the judge at the time made it very clear that he believed that we were a menace
00:26:07.300 to the upcoming midterms, which were two weeks post.
00:26:12.800 We were imprisoned on October the 31st, I believe.
00:26:16.000 And he wanted to make it clear that this exercise in taking us out of the game was an attempt
00:26:25.560 to secure the elections.
00:26:26.980 But it was predicated upon this notion that because we would not give the name of an informant
00:26:32.040 that has nothing to do with this case, that was sort of the pivot that was used.
00:26:36.800 And that's why we ended up in the federal criminal penitentiary.
00:26:42.140 It was difficult.
00:26:43.100 And you were in solitary.
00:26:45.880 Did they break you, Catherine Engelbrick?
00:26:49.140 No.
00:26:50.920 No.
00:26:51.660 This is unbreakable.
00:26:57.620 Unthinkable.
00:26:58.200 This is what they're trying to do.
00:26:59.300 Why is, we're going to hold you through the break if you don't mind, but real quickly,
00:27:03.260 why is tomorrow so important?
00:27:07.020 Tomorrow, we believe that there will be a decision out of the L.A. County Court to determine whether
00:27:13.380 or not the evidence that they seized should be released back to Connick.
00:27:18.680 If that evidence is released, we believe it will be destroyed by Connick.
00:27:24.280 And the reason that we believe that is laid out time and again in our filings, where we
00:27:29.980 have proven time and again that there is ample evidence of them destroying previously existing
00:27:39.300 evidence, and not just in state, and not just in country, but around the world.
00:27:44.880 This is an international effort to cover election crimes.
00:27:51.040 It's big.
00:27:54.280 Catherine, just hang on for one second.
00:27:56.020 Catherine Engelbrick's going to join us after the break.
00:27:58.520 We've got our Natalie Winters who's going to jump in here and give her observations.
00:28:01.660 I've got Dave Bratt from Liberty University.
00:28:04.660 Maybe we'll get Mike Davis.
00:28:06.000 Mike kicked that to the afternoon.
00:28:07.080 Mike Davis is running around up on Capitol Hill right now.
00:28:09.680 Had an update on certain activities he's been doing.
00:28:13.240 Short break.
00:28:13.900 Back in a moment.
00:28:14.460 We will fight till they're all gone.
00:28:19.500 We rejoice when there's no more.
00:28:21.200 Let's take down the CCP.
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00:29:22.940 Here's your host, Stephen K. Bannon.
00:29:27.500 So here's my, and by the way, we're obviously thrilled they're having these joint hearings,
00:29:33.800 but last night was, I think, it was a good start in prime time.
00:29:39.740 But I think you've got to get to the heart of it.
00:29:41.460 You can't have guys like McMaster's who fought us every step of the way.
00:29:44.500 I mean, he's a Russia-Ukraine guy.
00:29:47.060 He fought us every step of the way on prioritization of the Chinese Communist Party and the fact
00:29:51.760 that they're at war with us.
00:29:53.180 It's called unrestricted warfare.
00:29:55.460 It's not kinetic yet, but it's going to be kinetic very shortly unless we really start
00:30:01.580 to take this on.
00:30:03.240 Catherine Engelbrecht is talking, they're at full, and you heard Natalie talk about this
00:30:08.140 on the Wuhan lab situation.
00:30:10.980 They're at full political warfare, psychological warfare, cyber warfare, information warfare,
00:30:17.420 economic warfare.
00:30:18.220 That is called unrestricted warfare.
00:30:20.900 It's Sun Tzu 101.
00:30:22.320 If you've got to start using the 7th Fleet and the aircraft carriers and all that, you've
00:30:27.840 already kind of lost.
00:30:29.460 If we get to the point at that end of the spectrum, we've got to go kinetic because Taiwan's 90
00:30:35.360 miles off of the coastline of mainland China.
00:30:38.460 Now, I think we ought to immediately say, hey, the one China policy is done.
00:30:43.100 Taiwan's a free and independent nation.
00:30:44.820 Suck on that.
00:30:46.140 Come and get some if we have to do it, but we have so many other tools.
00:30:51.580 This is why there's Whiny or Chris Wray and all these guys.
00:30:53.640 By the way, remember you had Garland.
00:30:57.500 These guys had this huge press conference.
00:30:59.140 He had this huge thing that had to stop the whole nation.
00:31:01.580 They had to run up.
00:31:02.700 Something's going to happen, and they rounded up a couple of grundoons in the CCP in the
00:31:08.880 United States.
00:31:09.300 Yeah, that stuff's important.
00:31:10.640 The police station stuff's important, but they've had those stations there forever.
00:31:13.300 However, all that's performed, it's a misdirection place.
00:31:16.680 Let's show you a shiny tour.
00:31:17.660 We're really doing something.
00:31:19.020 We're rolling up a couple of assistant professors at Iowa State because of some GMO.
00:31:25.040 Yeah, that's all important.
00:31:25.820 We've got to be doing this, stealing the intellectual property.
00:31:27.660 That's a sideshow.
00:31:29.580 They're at full-out war.
00:31:31.220 They're an existential threat to their own people, and they're an existential threat to
00:31:36.220 the United States of America, but our ruling class happens to be in business with them.
00:31:39.960 That's why the Thucydides trap that Graham Allison and Kissinger tried to sell, it doesn't work
00:31:46.920 because our elites are in business with them.
00:31:50.660 That's never happened before in world history where the declining power elites were in business
00:31:55.420 with the rising power.
00:31:56.500 It hasn't worked like that, except now.
00:31:59.080 That's what globalization did.
00:32:00.340 That's why the Bush regime went over after June of 1989 and made a deal with them.
00:32:07.860 You guys play along.
00:32:08.680 You'll be the manufacturing base.
00:32:10.140 We'll make you the most favored nation.
00:32:12.560 We'll get you in the WTO.
00:32:15.500 You'll get into the post-war liberal international rules-based order.
00:32:20.240 Oh, yes, the fetish.
00:32:21.320 That's the talisman.
00:32:22.560 That's everything.
00:32:23.860 They game the entire system because the elites let them game the system because the elites
00:32:28.180 are making money over there by shipping the jobs over there, and they're at full-out war
00:32:33.200 with us, and one of the ways they're at war with us is in all the electronics in the country.
00:32:39.480 Catherine Engelberg, is there any doubt in your mind that this is a CCP operation that
00:32:44.400 is there to get data and information about the elections of the United States, ma'am?
00:32:48.720 There's no doubt in my mind, no, no, and America needs to wake up as quickly as we can.
00:32:58.600 I retain hope that this may be one of those moments where we can come across party lines.
00:33:05.360 I agree with every word you just said.
00:33:07.660 The challenge is that the elites of this country are so deeply entrenched that they don't see
00:33:14.380 things like I do here in the trenches of election integrity.
00:33:21.140 This is something that should rally all Americans.
00:33:24.080 No, no, no, no, no, no, no.
00:33:26.240 They're in on it.
00:33:27.240 They're taking the side of Connick.
00:33:29.900 I don't see Gretchen Whitmer and the people in Michigan after this.
00:33:33.380 They're taking the side of it.
00:33:36.640 Engelbreck and Greg, they had to go to a shed in August in Arizona.
00:33:42.160 You think that was pleasant?
00:33:43.120 Then you look at the video, I'm sitting there.
00:33:45.020 There are 200 people and they got the computers up in there.
00:33:47.700 It's all day.
00:33:48.980 I mean, it's 10 hours.
00:33:50.060 It looks like it's got to be 120 degrees in there.
00:33:53.160 It looked like the sweat box in the bridge in the River Kwai, right?
00:33:56.360 They're sitting there all day putting up evidence.
00:33:59.420 Then they come out and then they arrest them and throw them in prison.
00:34:01.920 If you don't think she had the receipts, do you honestly think a week or so before the election,
00:34:07.420 they throw them in prison, throw them in solitary, right?
00:34:11.120 And only because of an emergency ruling they got out?
00:34:14.080 Do you think if she didn't have the receipts, she would be in prison?
00:34:17.580 Of course she's got the receipts.
00:34:19.920 What has to happen tomorrow?
00:34:21.300 How can this audience help, Catherine?
00:34:22.740 What has to happen tomorrow is that one of two things, either the court retains the evidence
00:34:29.200 or the court allows us to make mirror images.
00:34:32.360 And I know that we are not alone in petitioning the court.
00:34:35.700 There are jurisdictions across the country, as I understand, that have done similarly asking
00:34:40.600 the judge to please not return all of this to Connick and just sweep it under the rug.
00:34:46.860 It's too important.
00:34:49.720 So, you know, what your listeners can do now is if you are in a jurisdiction where Connick is in use
00:34:58.860 and we posted that list, and I believe you have a list of the current Connick customers,
00:35:03.900 they need to be made aware that this is happening and it impacts all of us, all of us.
00:35:11.140 And we have to hold the line.
00:35:17.240 Okay, we're going to put this all up, and Captain Ben and Grace will get it out,
00:35:21.540 so we've got it everywhere.
00:35:22.660 We're fully employed on this.
00:35:24.780 Catherine, how did they get to you and Greg, the great work you guys are doing at True the Vote?
00:35:29.020 Thanks so much.
00:35:29.820 You can check out truthevote.org, on Twitter at True the Vote, on Truth Social at True the Vote.
00:35:36.340 We are, this is one of a handful of lawsuits that we're deep off in right now,
00:35:41.900 and all of them are high, high stakes.
00:35:44.920 Please do check us out, support us.
00:35:47.080 We are, we're not backing away.
00:35:49.540 These are tough times.
00:35:50.440 You've known me for a long time, Steve.
00:35:51.800 This is the toughest.
00:35:54.560 No, there's a lot of people that talk the talk.
00:35:57.660 There ain't a lot of people that walk the walk.
00:36:00.400 Catherine Engelberg, this is, this is, this is, she's a Texican.
00:36:03.680 Put her in solitary confinement for nine days and couldn't break her.
00:36:08.300 How many, how many, how many people on Capitol Hill would that happen to?
00:36:10.920 They'd be wetting themselves, right?
00:36:12.940 Catherine, you're a patriot and a hero.
00:36:14.420 Thank you, ma'am.
00:36:15.920 Thanks, Steve.
00:36:20.160 Natalie Winters, you've done research since, you know, your teenage years at the University of Chicago.
00:36:26.520 You focused on the, the, the, the, the, the, essentially the cover up by the global elites and particularly the American elites in covering for the, the infiltration of our nation at every level by the Chinese Communist Party.
00:36:38.340 And this is where Gallagher, brother, you are so dead wrong, smearing and besmirching.
00:36:44.080 One of the greatest Americans in the history of this country, and that would be Senator Joe McCarthy of Wisconsin.
00:36:49.800 Okay, because we'll go back, I'll take on anybody in the world, let's sit down and go through what McCarthy did and what McCarthy said and what McCarthy proved and how McCarthy helped save this nation, right, by the infiltration of communists and Marxists in the highest levels of the United States government and throughout the thing.
00:37:08.420 We need more of that today, Gallagher.
00:37:10.200 Don't be, don't be.
00:37:11.140 And if that performance last night, you think that's going to hack it, that's not going to hack it.
00:37:14.920 Nice start.
00:37:15.540 I like it.
00:37:16.400 It's okay.
00:37:16.960 But you had some of the wrong people up there and you're too wishy-washy.
00:37:19.900 You've got to come in hard.
00:37:21.320 Natalie Winters.
00:37:23.040 For a year, a year and a half straight, I think I broke at least one story a day, in some cases maybe two or three, about how deep the CCP infiltration went here in the United States, right?
00:37:35.380 It's no secret that they've always preferred the strategy of infiltration as opposed to invasion, right?
00:37:42.280 Subdue the enemy without actually making them fight.
00:37:45.360 That's the kind of art of war strategy that they engage with.
00:37:49.300 And I think last night's hearing is sort of like how we should have been approaching China 10 years ago.
00:37:54.940 It's very neocon.
00:37:56.500 It doesn't really, I think, link the threat that the CCP poses to their American counterparts in the ruling class, which is really the horrible combination that makes the CCP so lethal.
00:38:08.220 It's sort of the equivalent of a gain-of-function research, I would say.
00:38:12.000 What that committee needs to do, if I may humbly suggest, they need to subpoena all of the American lobbyists and lobbying firms and law firms who, in the last 10, 20 years, have worked on behalf of the Chinese Communist Party.
00:38:29.400 You can evidence this through the Foreign Agent Registration Act filings.
00:38:33.040 But specifically, the groups that have worked on behalf of the United Front, which is China's political warfare department.
00:38:40.820 This is how they systematically compromise America's elite.
00:38:45.340 And believe me, there are only about 250 registered foreign agents from China in the FARA database.
00:38:51.080 I can guarantee you there are a lot more off the top of my head I'd throw in Hunter Biden.
00:38:55.460 But if you start with the people who registered with FARA, I'm talking groups like the China United States Exchange Foundation, and really get to the bottom of the journalists that they were taking on trips to China, the talking heads, the academics, the think tankers who were taking private trips to China, taking private dinners with the Chinese Communist Party.
00:39:14.020 That's how you begin to kind of piece together what exactly the Chinese Communist Party has done over here, because they have very systematically, it's the idea, the concept of strangling us with our own systems.
00:39:26.760 And what I mean by that is that they've weaponized our own free market against us, and particularly they've weaponized our own, I would argue, free press or free media, although arguably it's free, but they've really capitalized on that.
00:39:39.540 And it's so funny, because I think the Chinese Communist Party, right, as Catherine was talking about before, they spend billions of dollars a year to influence our elections in terms of curating politicians, putting out blueprints and papers and policy proposals, indirect foreign lobbying, direct foreign lobbying, the engagement with which they're doing with our election systems, right, these election machines, that's just their insurance policy, right?
00:40:06.780 Donald Trump slipped through the cracks in 2016, so they just want to make sure that doesn't happen again.
00:40:12.780 But the election aspect of it is sort of the 11th hour of what the Chinese Communist Party does to infiltrate and influence our political system.
00:40:24.360 Natalie, how did they get to all your research, all those stories you've done, all the great work at National Pulse, your social media, all of it, how did they get to you?
00:40:31.080 Natalie G. Winters on Twitter, Instagram, and Getter.
00:40:34.880 I'll be publishing a story on warroom.org shortly, and make sure to come say hi at CPAC if you're around.
00:40:41.700 Yeah, Natalie will be riding shotgun with us at the studio, so make sure we're going to be doing it at CPAC.org.
00:40:48.200 It's not too late to get a ticket.
00:40:50.000 Natalie, thank you so much.
00:40:50.980 Look forward to seeing you later this afternoon.
00:40:54.220 Yes.
00:40:54.580 22 years old, in her, as a teenager, she was putting out the best stories out there on the infiltration of our nation by the greatest enemy we've ever had, right?
00:41:12.560 The greatest enemy we've ever had, and the reason it's the most existential threat to the Chinese Communist Party, because they've infiltrated in life.
00:41:20.180 Dave Bratt, your assessment and thoughts on this topic, sir?
00:41:25.460 Yeah, well, hats off to Natalie.
00:41:28.140 She's been saying this for a couple of years.
00:41:29.940 Now she's being validated by everyone, and no surprise there, but the war room always comes through.
00:41:37.720 And today I'm going to make some remarks on inflation stuff we've all said for the past year or two.
00:41:44.800 And if anyone would have listened to the war room and the receipts, they wouldn't be surprised with the uptick in inflation and the idea that it's not going down rapidly.
00:41:53.580 As the Wall Street would like it to, and the analysts, the community who have been wrong, along with the Fed analysts, for the past months.
00:42:02.660 I tell you, we're going to have – let's get ready for a break.
00:42:07.680 We're going to have eight minutes with Brad and he'll say he can go through his things on this.
00:42:11.980 And I want to come back with Biden calling out the war room and particularly Russ Vogt.
00:42:17.780 When Russ Vogt walked through the plan the other day about how we're going to get this under control.
00:42:22.380 As Dave – Brad, Dave was going to be on earlier in the show, but he had some stuff come up, so he had to come on later.
00:42:27.700 As he notifies, says, hey, I've got to come on at 11 o'clock hour.
00:42:31.140 At that very moment, the 10-year Treasury hit 4 percent.
00:42:37.440 On 3 November of 2020, the election, it was 0.86 percent.
00:42:45.140 Now it's 4 percent.
00:42:45.920 And that rate of increase is not like going from 5 to 9 or from 8 to 13.
00:42:51.320 OK?
00:42:52.280 This is brutal.
00:42:54.800 It is the reason your economic and financial life is upside down.
00:42:59.180 If you're under 35 years old, you're getting crushed.
00:43:02.140 They just announced the all-time death for the millennials.
00:43:04.580 OK.
00:43:04.960 Short commercial break.
00:43:06.200 Dave Bratt, the dean at Liberty, next in the war room.
00:43:09.480 We'll take down the CCP.
00:43:12.200 Spread the word all through Hong Kong.
00:43:14.680 We will fight till they're all gone.
00:43:17.240 We rejoice when there's no more.
00:43:19.120 Let's take down the CCP.
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00:45:12.820 You know, where are we right now?
00:45:14.920 We have a moment.
00:45:16.120 And I think that's the heat of the speech was around the fact that the leverage point of the next year is the debt limit.
00:45:22.020 Everything else is largely not moving.
00:45:23.960 His bills won't get passed through the House.
00:45:25.600 The one thing he needs is a debt limit to be able to continue to govern for his purposes.
00:45:31.540 And it's incumbent on Republicans.
00:45:33.220 And we've made a ton of progress since we started talking about it on the War Room.
00:45:36.280 It's incumbent on Republicans to say, no, we're not going to pass your debt limit until you get rid of the woke and weaponized government that you're currently presiding in and furthering by a number of the things that we heard last night.
00:45:48.840 And we know is their track record.
00:45:50.960 Well, the former Trump budget director, who's now advising them, that is Republicans in the House, on their fiscal strategy, has a plan to slash over $2 trillion for Medicaid.
00:46:04.660 And so, well, whether it gets passed, that's the plan, OK?
00:46:10.160 He wants to end Medicare expansion under the Affordable Care Act and then additional deep cuts that could lead to nearly 70 million people losing critical services.
00:46:21.780 Welcome to Thunderdome, OK?
00:46:28.320 We told you we were going to put you in the head of the creditors committee.
00:46:31.880 Well, you're there.
00:46:32.580 I didn't say it was going to be easy.
00:46:34.180 This is going to be Thunderdome.
00:46:35.700 Right there, Joe Biden's staff had that feckless, hapless old man cut to the heart of it.
00:46:41.820 $2 trillion coming out of Medicaid.
00:46:43.360 You notice we never say hands-off Social Security, hands-off Medicare, but Medicaid, $2 trillion of cuts.
00:46:52.160 This is going to be the fight.
00:46:54.000 That's just in these appropriations plans, cutting it, and it rolls out for $2 trillion over the 10-year budget.
00:46:59.320 But it's also going to be defense cuts.
00:47:01.000 There's going to be other woken, weaponized cuts besides that.
00:47:03.520 And this is going to be a battle for the ages.
00:47:06.000 And we're going to make sure that the Republican, the neoliberal, neocon aspect of the Republican Party does not crater on this and exacerbate the managed decline of our beloved republic.
00:47:16.880 Dave Bratt, sir, talk me through how you can't hide from the math here.
00:47:21.560 Inflation is actually eating us alive.
00:47:25.260 Yeah, that's right.
00:47:25.940 And Russ, what everybody needs to listen to from Russ right there is we have a unique window.
00:47:33.040 The House, the House of Representatives, does have a leverage point for real.
00:47:38.900 They need to use it.
00:47:40.460 They can extract huge concessions on this crazy overspending that's at the center of all the catastrophes we're facing.
00:47:49.440 And so the war room, when you hear the House members wimp out or the Senate wimp out, they're wimping out.
00:47:55.580 We have a unique leverage point to use.
00:47:58.120 And so what you didn't hear from the president is that we have inflation.
00:48:03.100 The latest print is inflation up unexpectedly.
00:48:06.380 It's sticking around longer than we thought.
00:48:07.960 I'm going to explain that today, which causes higher interest rates, which is hurting all of you on the home front and on the car front and on every other front.
00:48:16.420 And Steve just mentioned the 10-year just hit a new high.
00:48:19.300 And then you've got a slowing economy going into recession.
00:48:23.140 And the question is, do we achieve a soft landing?
00:48:25.720 Or as we've been saying on the show for quite a while, there's some surprises coming.
00:48:29.960 And add to that the war scenario on top of all that.
00:48:33.240 But I just want to review a couple main points that are very confusing on the economics front.
00:48:40.440 The Fed does not want inflation.
00:48:43.240 If they have a high inflation rate, the interest rates go up, and they have to pay high, high interest rates now on an upcoming $50 trillion debt.
00:48:55.340 Steve's been hammering that additional $20 trillion in debt on top of the $32 trillion.
00:49:00.820 So in 10 years, we got debt of $50 trillion.
00:49:04.080 The Fed funds rate is going up to $5 trillion and beyond, and they're going to have to keep increasing that rate now.
00:49:12.520 I don't think there's much debate on that at all.
00:49:14.900 So I just said the Fed does not want inflation.
00:49:17.960 But now here comes the puzzle.
00:49:19.960 The Fed does want inflation because they get to pay off the debt with cheaper dollars.
00:49:25.900 So they are in a mess that they've made on their own.
00:49:30.720 They've created financial bubbles for the past 20 years.
00:49:34.080 The real economy is a dead carcass.
00:49:37.260 So there's no good news to report right now.
00:49:40.500 Productivity is 1% for the years to come.
00:49:43.240 So there's no high growth.
00:49:44.680 When you hear politicians say, oh, we're going to trim the budget a little bit, but growth is going to make up for it.
00:49:49.160 No, it's not.
00:49:49.760 Ask them for the receipts on that.
00:49:51.140 Where are you getting this growth from?
00:49:52.800 So we got some tough times ahead, and that's what makes the spending cuts so essential.
00:49:58.780 So that's a little complexity, the story I just laid out.
00:50:01.720 So today, I just want to make a couple points.
00:50:04.760 I've got a chart you can put up.
00:50:07.220 And I put this up because we posted this six months ago on The War Room.
00:50:12.400 And I just wanted to show The War Room always gets our story straight.
00:50:15.320 And so this is put out by Deutsche Bank, Jim Reed, six months ago.
00:50:22.120 And it basically just says if you crack 8% or 9% inflation, which we did, then you should expect to have at least 6% inflation for two years, which we have.
00:50:34.580 And you should also expect heightened inflation, 4% or 5%, for the next six years.
00:50:39.720 So that's the basic newsflash.
00:50:41.920 And this is economic science, right?
00:50:43.820 He used 100 countries and 70 years of data.
00:50:48.040 And this is science.
00:50:49.600 These are the receipts.
00:50:51.300 On top of that piece of information, which I was shocked, Larry Summers, right, the president of Harvard, big brain, smart guy, president of the World Bank, top notch economist.
00:51:04.280 And when they choose to be right, they can be right.
00:51:07.460 But Larry came out of the same point on this Deutsche Bank report and said, yes, the folks that are saying the inflation rate is going to come down quickly are wrong.
00:51:17.380 So the folks that want to take economics serious and look at the data, we're going to have inflation with us at a higher level than everyone thought for years to come.
00:51:27.720 And then coupled with that story.
00:51:30.180 Hey, Dave, Dave, Dave, hang on, hang on.
00:51:33.280 We're going to have to come back and double down on this because we're up against hard.
00:51:38.500 Real quickly, how can people get all your charts because you're putting them up all the time on Getter?
00:51:41.960 Where do they go?
00:51:43.480 Yep.
00:51:43.760 And I just reposted these brat economics on Getter.
00:51:47.460 The only other point I was going to bring up was the Taylor rule.
00:51:50.080 We said a year ago, your eyeballs popped out 8%.
00:51:52.820 The Taylor rule still suggests 8%.
00:51:55.240 That's another scientific, right?
00:51:57.560 That's Stanford economist Taylor, best in the world.
00:52:00.920 The Taylor rule still suggests 8% federal funds rate if you want to solve inflation.
00:52:06.340 There you go.
00:52:07.740 God bless.
00:52:08.940 See you all at CPAC.
00:52:10.200 Dave Bratt, John Taylor, we love it.
00:52:11.380 We'll get more into the Taylor rule.
00:52:14.240 Make sure the audience understands this construct.
00:52:17.580 Charlie Kirk next.
00:52:19.000 The Populous Nationalist Charlie Kirk and Real Emerald's with Dave Bratt.
00:52:21.700 Thank you.
00:52:22.100 We're going to be back here 5 to 7.
00:52:24.100 Lit on fire.
00:52:25.300 Our Eva CPAC show at 6 o'clock.
00:52:28.540 We'll see you then.
00:52:30.180 Let's take down the CCP.
00:52:32.900 Spread the word all through Hong Kong.
00:52:35.440 We will fight till they're all gone.
00:52:37.960 We rejoice when there's no more.
00:52:39.840 Let's take down the CCP.
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