Episode 2568: The Sabotage Of War; The Powell Hearing
Episode Stats
Words per Minute
177.2724
Summary
Stephan K. Bann is the host of the War Room podcast. He is a regular contributor to the New York Times, CNN, CBS, and other media outlets. He's also a regular guest host on the radio show "The War Room" and a frequent guest on CNN's Wolf Blitzer.
Transcript
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this is the primal scream of a dying regime pray for our enemies because we're going medieval on
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these people here's not got a free shot all these networks lying about the people the people have
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had a belly full of it i know you don't like hearing that i know you try to do everything
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in the world to stop that but you're not going to stop it it's going to happen and where do people
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like that go to share the big line mega media i wish in my soul i wish that any of these people
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had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
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country this country will be saved war room here's your host stephen k bann
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okay it's tuesday 7 march in the year of our lord 2023 ladies and gentlemen there are bombshells
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going off all over uh new york times reporting intelligence suggests this from the new york
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times the paper of record of your beloved republic intelligence suggests pro-ukrainian group sabotage
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pipelines u.s officials say sub-headline new intelligence reporting amounts to the first
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significant known lead about who was responsible for the attack on north stream pipelines that
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carried natural gas from russia to europe during b i know you got a punch but here the side hirsch
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okay the probability ladies and gentlemen just make sure you understand some signal here because this
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is how they're trying to they're trying to normalize they're trying to run this up the flag
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bones anybody salutes the probability that a pro-ukrainian group was able to blow up those pipelines
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is zero without the direct assistance of the united states military in the intelligence services and
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paramilitary operations of the cia am i incorrect on any of that darren beady um no i mean it's it's very
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obvious and first of all it's like i'd like to at least congratulate the times and other outlets for
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not insulting our intelligence with the suggestion that russia somehow blew up its own pipeline i think that's
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a notable start and you know it's it's good that we're at least somewhat in the sphere of reality
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at this point but as long as we're in reality we might it might as well continue with the exercise
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and say is there any possibility that this is just some ukrainian proxy group as you suggest the answer
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is no because of the sophistication of the effort this involved very sophisticated deep diving explosive
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there's no way people could have been in there without you know the u.s is a acknowledgement
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involvement it's not okay it's okay it's not the scuba club from odessa that can do this right
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the scuba guys who go out on a weekend off of odessa let's go scuba diving this was a highly
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sophisticated cybersh it's so it's still ridiculous to put it in your face a ukrainian a pro-ukrainian
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a pro-ukrainian group yeah it's called the cia okay right running this operation no it's a pro-ukrainian
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group it's a cia but here's the thing folks don't i was on german tv at cpac and they won't put the
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article they won't they won't publish my interview they committed to it they did an interview for like
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five minutes i'm lighting up on this pointing out see we we talk about this in relation to russia
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but really this is equally as significant maybe even more so in the long term in terms of our
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relationship with europe and it's deeply embarrassing for germany because this was just
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as critical a piece of infrastructure for germany as it was for russia and they know that we know
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it's more important no it's more no no brother don't bury the lead it's more important the russians
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can still sell the gas to the chinese or anybody else this is the lifeline for the german industry
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was predicated upon cheap uh russian gas trump talked to merkel we talked to merkel when they first
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came up you can't let this pipeline go that you're you're beholden i go oh we know we have a special
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relationship we can control putin that's her answer that's her national security guy told me to my face
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i said what are you talking about once you do this the whole structure industry is based upon this
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by the way this is let's let me be blunt this is the u.s this is the cia because the ukrainian
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groups couldn't have done it by themselves i think you might have one ukrainian guy in a scuba mask
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right this is us this is us going to war with the germ we'll go to war with our allies to stop
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putin we'll blow up our allies to stop putin that is the buried lead here mr darren beady
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it's the buried lead but i'll i'll even revise it somewhat because you know it used to be that
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we needed to have complete control over europe as a vassal state uh precisely in order to sort of
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counteract russian power and russian influence but it's almost gotten to the point where there's kind
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of a reverse situation that you could even look at it like russia in its current state i don't want
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to say incidental but it's not so much more important than simply exerting our dominance
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over europe as such and that's the sort of buried lead as you suggest of the whole geopolitical
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exercise is how we've used the russian ukraine conflict as a pretext to completely reassert
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total dominance over the geopolitical affairs of europe and germany is embarrassed by this which is
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why they won't let you on their shows because they all know that it was the u.s and it's humiliating
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for them yes yes yes and to just smile and nod while their ostensible allies blow up one of their
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most critical pieces of infrastructure and they just have to take it with their mouth shut okay i want to
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go with your by the way everything we've done from the beginning show is all of a piece because the
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intelligence apparatus and national security apparatus that would blow up the nordstrom pipeline
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okay to basically cut germany off from the russian gas and make everybody haul in on on the russians and
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try to break the russians right is the same administrative state that's out of control that would prosecute the
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the q anon shaman ray epps brian sicknick the lies of the administrative state it but bd's talking about dhs
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having a domestic intelligence service is the same administrative state that doesn't mind going to
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war with our allies right quote unquote our allies our vassal state to get them in line it's all of a
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piece this is and this is why murdoch this is why murdoch has to break trump they have to break trump
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and they have to break the trump movement because we're onto them and we're not going to tolerate it
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and we're going to get the perpetrators and we're going to put them in the dock and we're going to
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convict them and we're going to send them to prison because what they're doing is the most
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anti-american thing you could possibly do darren beady i'll tell you this i'll believe that ray epps
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blew up nordstrom pipeline before i believe that it's ukrainian scuba divers
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so good bd how do people get to you what's your social media what's your what's your what's your
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how do big people get to revolver it's great revolver.news we have some great white hot stuff
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right at the top exposing the mechanics behind the murdoch business one of our most celebrated pieces
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check it out check out our new piece on why the middle class is being screened out of harvard
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and of course the classic ray epps video that you need to see in conjunction with tucker's revelations
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it's all at revolver.news i'm on twitter at darren j bd and we're at getter at revolver news
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and watch and watch tucker again tonight we'll have bd back on tomorrow put him get him out of bed
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early thank you thank you darren uh mike davis continue okay davis here's what i don't get tell
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about how you've been lighting people up but this is what i don't get the weaponization gonna be jim
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jordan why are they not calling in why are they letting garland go to ukraine why are they not coming in
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and keel hauling him today on this why are we not having an emergency hearing on this these very
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topics of a administrative state in a law enforcement national security intelligence thing that's
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literally out of control and now we have the evidence for how can they hold this these footage
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back and then these guys sitting there going we can't release it you got jamie raskin that we can't
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release it the chinese kind of ccp and the kgb could see how you open a door to the side of the
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capitol it's you know it's a national security thing this is going to be terrible mike davis
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well on the first part about why isn't the house weaponization committee calling a hearing today
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it's because it's structurally set up to fail right they they don't have a dedicated chairman they don't
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have a dedicated staff director they don't have a dedicated staff right they have five people uh who
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work for jim jordan on the full committee who have a thousand other things to do who are doing this as
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their night job apparently uh on the weaponization committee let's compare how the the watergate
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committee had a 48.5 billion or 48.5 million dollar budget 178 staffers the january 6 committee had an
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18 million dollar budget with 98 staffers this weaponization committee has a two million dollar
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budget with five staffers who do a bunch of other stuff so it's just structurally set up to fail jim
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jordan did last week after i raised holy hell he did put in a request to the house administration
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committee to ask for 15 more million dollars uh so we can staff this thing up but here we are four
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months into this new con or two months into this new congress four months after the election we should
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be off to a running start house oversight chairman james comer has been off to a running start he's been
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doing aggressive very good oversight since day one of this congress why hasn't this weaponization
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committee been doing this why is it not ready and the reason is this is a failure on jim jordan's part
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he thought he was going to run this committee uh on his own with his full committee staff who have a
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thousand other things going on and it's structurally set up to fail it needs to be fixed immediately
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frankly jim jordan should just hand off this weaponization to committee to someone who actually wants to do it
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if he wants to stay on as the chairman make someone the vice chairman right and so we can save some
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face and let that person uh do the damn job this is too important for jim jordan's uh you know bs that
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he does he did the same thing on big tech he pretends like he's fighting big tech but he's actually doing
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big tech's bidding behind the scenes he pretends like he's taking on the deep state by rolling up his
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sleeves and going on fox news and taking credit for other people's oversight this needs to be taken
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seriously and jim jordan is just not a serious person but jim but but jim but jim pushed for this
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and wanted to be a subset of judiciary and wanted to be the chairman why why would he do all of that
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and then have this thing in the in the in i gotta tell you the um axios piece i have it up on getter
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and if we can please put that up if denver gets a chance so please put it up and mo and uh grace put
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in all the chat rooms everyone get to carly boni people got to read this because what i hear from my
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sources that are pretty good they tell me as bad as the axios article is brother davis
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that it's far worse than that what's happening and there's just this this committee is what jim
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jordan's gonna be known for this is the most significant investigation we've had and you've
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seen right now with what happened on the j6 i mean davis you're a lawyer i'm not is that is what
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you're seeing in this material that was held back and how people were prosecuted and just the lies
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about the ray epsis of the world and sit next is that shock you yeah well it doesn't shock me with
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the biden justice department with merrick garland with channing phillips who was obama's u.s attorney
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the hatchet man who they brought back in to run this january 6 stuff out of the dc
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u.s attorney's office it doesn't surprise me at all at all from from the the obama biden world
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because these are left-wing radicals these are marxist and they don't play by the rules they
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only care about power and we saw that with january 6th they took a january 6th protest that got out
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of control and turned it into this bogus insurrection and used it to go after trump
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trump trump's top aides including you steve and trump's supporters all over the country they're
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trying to eliminate trump with this january 6th fake insurrection uh narrative and here's the problem
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is they used the justice department they they presented misleading false evidence to these courts
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to get convictions attorney general merrick garland you you know this is the biggest investigation in
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the justice department's history there are 44 000 hours of capital surveillance videos the fbi the
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justice department attorneys should have gone through every second of those videos and provided to each one of
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these defendants the relevant videos the videos where those defendants are in the video should
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have been provided to those defendants individually it should not have been hey here defense attorney for
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these for these people who don't have money and they have these solo defense attorneys here's 44 000
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hours of videos that you can go through go have at it come to this basement in the this basement room
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in the capitol from you know 9 a.m till 5 p.m during covid wear your mask the whole damn time and you can
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go through 44 000 hours of videos that's not how it works the justice department violated brady that is a
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very very serious deal that calls for sanctions against these attorneys that calls for complaints
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with the office of professional responsibility at the justice department that calls for complaints with
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each one of these attorneys uh state bars this calls for sanctions by these dc uniparty judges who went
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along with this nonsense like judge royce lamberth who sentenced the who sentenced jacob chansley to 41
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months in prison for being a misguided goofball led into the senate floor by capitol police and took
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selfies he's thrown in jail for 41 months i've been screaming about this for two years this is complete
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a complete uh a complete miscarriage of justice this is this is a fraud on the courts and uh judge
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royce lamberth should have a show cause order today asking why the biden justice department should not
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be held in contempt of court and not have brady violations sanctioned against him for what they did
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mike how do people get to your twitter getter into your site article three project.org article
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number three project dot org at article three project at article number three project at my
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personal is mrd dmia mrd dmia and i'll tell you bill shipley's jacob's new attorney he's doing a
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fantastic job shipwreck okay we'll get him on here thank you mike davis you're a warrior and a fighter
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again text bannon to nine eight nine eight nine eight here's your host stephen k bannon
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you down it's got this new technology go check it out i got the great jim hoff by the way i just want
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to tell you how much i love uh gateway and i love the new format and uh love everything you do in fact i was
00:17:16.300
thinking of you jim when i was at cpac and the times we used to have with andrew there when andrew
00:17:21.220
dominated cpac what 10 11 12 years ago um jim hoff your your thoughts on tucker and i thought i thought
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look tucker's got and we just got schumer remember they've been quiet this morning on morning joe they've
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they're thinking about how they answer this because they understand it's it shows you the rot
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of the administrative state and the deep state uh because this is outrageous these are like
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the they're stalinist that's what they are they're stalinist um but schumer just went to the senate
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floor and ripped on tucker and says uh fox and he's calling out murdoch that's got to stop tucker
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they ain't stopping tucker tucker's tucker's coming in big this evening hoff your thoughts you've done you
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guys have done more heavy lifting with julie kelly and revolver and the great team that's been on this
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your thoughts of of what you've seen and and particularly the q anon shaman and holding this
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stuff back i mean it's it's outrageous it's absolutely outrageous tucker did an excellent
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job and you came in hot this morning with your guests it's been an exceptional show i was going to
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add we we wrote an article yesterday there's a retired policewoman who is going to court this week
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she's a january 6 prisoner and she's wanting to get that footage uh to to help her defend herself
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in court she's not able to get it and the judge uh just recently said no you we're not going to give
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that to you um that was our report yesterday this is what they're doing to these people you know just
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like with the shaman uh that guy may i you know you may think he's crazy i think he was uh you know
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one of those typical original americans that you know people don't forget like the naked cowboy
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and stuff and look what they're doing to that man it's absolutely shameful it's disgusting what
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they're doing to all of these political prisoners and of course we've written about that as as you've
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talked about it for for over two years now it's incredible we're gonna spend a lot more time on
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this we're gonna try to get julie kelly on this afternoon we got mike halib at the fbi from over at
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heritage we've got uh andy biggs we're gonna be jammed everything and i gotta tell you this thing on
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ukraine blowing up isn't the ukrainian ukrainian pro-ukrainian group yeah called the cia blew up
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the north stream this is so outrageous what they're doing in this war is is so un-american it is it is
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disgusting even let's assume it's true the ukrainian quote unquote the guys were arming go ahead and blow
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up a lifeline to the german people where where this uh where their entire economic structure is done
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of that and doesn't doesn't give anybody a fare thee well and want germany to send weapons and stuff
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over there is that is that if that's true and it's also a lie this is american intelligence it's the
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five-eye group they can't get the scuba club down in odessa you're telling me the scuba guys
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their weekend scuba guys are there and and what they're going to do is uh is go blow up the
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north stream too that's a bald-faced lie okay as they're just feeding you lies i want to make sure
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there's so many big narrative stories coming i want to make sure these other stories that are
00:20:23.380
just as important are getting full coverage tell me about the eric system this is something people
00:20:27.220
have been fighting for for years and i think it's in collapse and npr and these people are freaking
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out right now jim hoft steve i don't think you've seen the the start of it uh the left is going to
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absolutely uh have a meltdown over what happened yesterday this was a huge story we had been speaking
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with uh secretary of state jay ashcroft in missouri for a couple weeks now he told us something big was
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coming and boy did it yesterday three different states uh decided that they're going to cut ties
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with this eric system the eric system was created in 2012 by david becker a committed leftist it's
00:21:03.560
called the electronic registration information center and it was supposed to clean up voter rolls
00:21:08.700
and what it's done is anything but that uh in fact it's it's it it has as a mandate the states who
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um participate in this and there's there was 32 states i think we're down to about 27 now
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which is really good news but uh it mandated that that they contact these people who are registering
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to to drive and and and you have to register them to vote it's it's it's doing the opposite of what it
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was supposed to do a great example of that is wisconsin where they had over seven million names
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on their voter rolls when they only have less than four million um eligible voters in that state
00:21:48.260
so this this eric system is not working it's failing and why does the democrats why do they
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support this and you know so much why are they so um insistent on keeping this going um i think we all
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know the answer to that they have to load these voter rolls with all of these bogus um phantom voters
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um and uh your audience can decide what happens after that but yesterday the three states missouri
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west virginia and florida got off of the eric system this is really big news um of course we've
00:22:25.500
written about it uh for over two years now at the gateway pundit and steve it was a war room audience
00:22:31.080
and it was a gateway pundit audience that has been calling the secretary of states and uh in several
00:22:37.920
states and now we're seeing some action um another great piece on this is uh alabama got off a couple
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of months ago and just last month their secretary of state west allen who was in washington dc for
00:22:53.320
meetings went over to the eric headquarters in washington dc and you know what he found steve
00:22:58.460
an empty room there was nobody there there was no computers it's just it's just a shell uh of an office
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in washington dc and so uh we we're not sure where the servers are we're not sure how uh who's getting
00:23:12.880
this information you know that all these states are sharing we're not we're not sure if it's secure
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um they haven't released a security report report in several years so um it's about time that states
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get away from this because steve as you have been saying more than anyone we need free and fair elections
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we can talk about all these other issues but if we don't have a seat at the table if instead we're
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in the back of the bus we're not going to get anything done we have to have a seat at the table
00:23:40.860
we have to have free and fair elections and this of course ties in directly with what you and tucker
00:23:45.740
were saying about january 6th how they use that to then forbid anyone ever to talk about november 3rd
00:23:53.960
but thank you steve for continuing on this and certainly we will at gateway and many of your
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guests what i think we're going to do when we have time i want to get you back on and some other
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people we want to talk about how the other activists in these states can get rolling you've
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got alabama you got florida is massive west virginia and absolutely folks out of missouri doing this this
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is this is we can take this whole thing out and we can do it quite quickly and the npr and these people
00:24:19.500
are beside themselves hoft how they get to you on social media and how they get to you on uh
00:24:23.700
at the great gateway pundit the show prep for the war room all right steve uh the gateway pundit.com
00:24:31.380
we're on getter we're on uh true social we're on twitter again we got back on twitter we're on
00:24:36.940
facebook but uh they've shadow banned us completely so um you know come to our website the gateway
00:24:42.500
pundit.com we continue to grow even though what the left has done to us steve it's really something
00:24:47.640
i'm very proud of oh no you guys are a powerhouse and andrew i would just be ecstatic
00:24:53.680
of what you guys have grinded through and just incredible jim thanks a lot jim and joe hoff
00:24:58.800
the twins at uh that gateway pundit just incredible do i have cortez can i play can i play the i've so
00:25:05.120
i've got i tell you what before we do that before we bring up cortez let me play the chuck can i play
00:25:09.920
the chuck schumer this is chuck okay we told you that morning meek and these guys were hands off cnn's
00:25:15.620
had got an article they popped but they they had to figure out how to counter tucker this is chuck
00:25:20.580
schumer from the floor of the u.s senate moments ago it's an insult to every police officer who was
00:25:27.060
on the scene that terrible fearful day it's an insult to the memory of every single person who
00:25:34.440
perished in connection to the attack especially to the memory of brian sicknick non-violent
00:25:40.860
ask the sicknick family it makes me sick just thinking about what his family must be going through
00:25:47.400
this morning and it's an insult to everyone who cares about our democracy and wishes to preserve
00:25:55.320
the dream of our founders in our day in our age i hope every member of this chamber will call out fox
00:26:04.000
and mr carlson for defending the insurrectionists and again i am disappointed and angered
00:26:11.400
in speaker mccarthy's decision to share sensitive security footage with mr carlson speaker mccarthy was
00:26:20.080
here that day he knows what actually happened his staff and members suffered like everyone else
00:26:26.220
but he chose cheap political expediency over truth and preservation of democracy
00:26:35.940
i condemn mr carlson they are siding with the enemies you condemn hey we condemn you you you're
00:26:42.660
nothing but you're nothing but the you can't have unity this baby we got to beat him okay don't give
00:26:47.700
me the unity thing we're not going to be hugging up on just shark to schumer you see the panic cortez
00:26:52.440
we're going to take a break here in a second and play some uh pal's testimony get your thoughts on
00:26:57.420
what's happening to big but i gotta ask i gotta get you in here for this you saw the tucker cross you see
00:27:01.980
the lies the mystery i mean this january 6th thing is more outrageous and brother while you're there
00:27:07.220
they just new york times just announced a pro-ukrainian pro-ukrainian group blew up the
00:27:12.460
nordstrom pipeline brother what do you got to say cortez in this morning's news yeah by the way so this
00:27:17.360
is a quote from that new york times article a proxy force with connections to the ukrainian government
00:27:22.500
according to u.s intelligence a proxy force you mean the cia it's much quicker to just say cia it's
00:27:28.500
only three letters we don't have to go through that whole sentence regarding uh chuck schumer
00:27:32.680
everything from the cathedral everything from the regime is a lie from the virus to inflation being
00:27:39.360
transitory to january 6th supposedly being an insurrection and kudos to tucker carlson and kudos
00:27:45.120
to speaker mccarthy for keeping his promise to get transparency kevin mccarthy kudos on this one
00:27:52.780
tucker fantastic job round two will be tonight we're going to be all over it cortez joins us
00:27:58.100
while we were doing this guess what the debt ceiling it's all blowing up right in their face
00:28:03.980
short commercial break these steve cortez joins us on the other side
00:28:08.560
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okay welcome back i'm gonna get to that i'm gonna get to the uh pal testimony and steve cortez been good
00:29:44.040
enough to follow this force cortez tell me you've read you've had a chance to read it i have it i've
00:29:50.220
just been able to skim it yeah it's almost worse it's almost worse if it is the ukraine than it is
00:29:55.760
the cia is it not sir oh correct i mean here's the thing look i don't think any reasonable person
00:30:01.060
believes the new york times or believes u.s intelligence which as usual is using the corporate
00:30:05.660
media as effectively its pr agency to push these narratives and lies but let's for a second take them
00:30:11.640
at their word if this is true it's actually even worse because if ukraine without u.s assistance
00:30:18.740
without u.s permission was able to essentially attack our ally in this fight germany our nato
00:30:26.420
ally right then the reality is actually even worse so i think as usual these morons in permanent
00:30:34.220
washington and the administrative state people who i think we used to have reverence for and think
00:30:38.840
were sophisticated players recent decades should remove uh that previous bias because of their
00:30:44.440
continual failures all over the world but they didn't think second and third derivative like well
00:30:49.200
wait a second if we get the public to actually believe this guess what the alliance the anti-russia
00:30:55.340
alliance will break up very very quickly if we find out that the ukrainians are actually attacking
00:30:59.760
the germans no the reality is i think as any thinking person can surmise this was if not conducted by the
00:31:06.440
united states at least allowed by the united states and that alone is nettlesome enough but again steve
00:31:12.700
as i constantly make this case i think it's so important for the audience out there here's the
00:31:16.220
wonderful thing about this regional struggle in ukraine that has gone on for centuries for time
00:31:20.620
in memoriam and will probably go on for centuries into the future it doesn't involve the united states
00:31:25.440
all we need to do is have an america first foreign policy of realism and restraint and realize
00:31:31.100
we have no strategic interest in the black sea this is up to the slobs they can have this struggle
00:31:35.940
if western europe chooses to insert itself fine not our business not our problem and zelinski sure as
00:31:41.720
hell is not our fighter before i go to the the debt ceiling in in in the testimony they jack
00:31:48.700
so thank you for joining us jack uh is jake sullivan's head going to roll for this because this is
00:31:53.240
obviously a total fiasco sir well steve jake sullivan's head is going to roll if the republicans in the
00:31:59.440
house actually call him to account call him to task make him come over and testify the way that
00:32:06.100
we're finally starting to see the subpoenas roll out from the weaponization committee that we have
00:32:09.800
seen uh on the likes of nina yankovich just for just last night but let's be frank here what we're
00:32:14.940
seeing is a mix of limited hangouts we saw this last week when chris ray came out and told us that
00:32:21.300
okay well it is wuhan that was behind covet 19 it was the lab leak actually that was right all along
00:32:26.940
even though we called you all y'all conspiracy theorists you were actually right now what are
00:32:32.040
they doing again the new york times rolling out today this limited hangout people need to understand
00:32:37.480
the purpose and the tactic that is the limited hangout strategy the limited hangout strategy
00:32:43.260
is that when your cover is blown but you want to maintain your rapport you want to maintain your
00:32:48.520
credibility with the people that blew your cover what you do is you say okay well you were right
00:32:53.700
but just about a little bit and we're not going to give you the whole thing you peel back one layer
00:32:58.800
of the onion so they are admitting now in the new york times you have to understand this is not a new
00:33:04.560
york times report this is an intelligence press release the press release says okay it wasn't russia
00:33:11.400
but we're not going to admit it was us we're just going to say pro-ukrainian group i say that's
00:33:16.160
the nicest thing anyone's ever called the cia and mi6 so it was a pro-ukrainian group just like
00:33:22.800
wuhan just like covet 19 was just wuhan definitely wuhan not ralph barrick not peter dashak don't ask
00:33:29.760
questions about the money flowing through eco health alliance just wuhan and the ccp don't ask
00:33:34.720
any other questions senator ram paul steve what you're seeing here is a system that is in complete
00:33:40.880
meltdown because they can tell there is one through line to all of this maga is on the move we're seeing
00:33:48.920
the revelations of wuhan the these new nordstrom revelations the ccp spy balloon the fbi targeting
00:33:54.620
christians world war three on the rise the dichotomy of biden in kiev while trump is in east
00:34:00.740
palestine and of course culminating last night with the jan 6 revelations we just had trump's cpac speech
00:34:06.880
we had your cpac speech the fact that he was praising your cpac speech feels like the gang's getting back
00:34:11.640
together a little bit dare i say maga is ascendant and the system is in the early stages of freaking
00:34:19.260
out because they are going to initiate the same pathogen response that they did in 2016 that they
00:34:26.780
did to a greater extent in 2020 and people need to be prepared for the forces that will be unleashed
00:34:33.140
upon this movement in 2024 amen it's going to be released now by the way the other thing too we're
00:34:40.280
going to get to it hopefully this afternoon or tomorrow the buddha judge leaking that the epa
00:34:44.980
authorized epa signed off on the control release and burn in east palestine jack hang on for one
00:34:51.800
second showed it to wine this is i tell you what the forces are right against us they're going to
00:34:59.560
come in this we've got to break up the the ken griffin mcconnell uh murdoch situation but hang
00:35:04.900
on put a pin in this jack for one second i got to get to the we're talking about power let's go to
00:35:08.960
the money let's play senator kennedy this just came off hot off the press with powell today steve
00:35:14.160
cortez is here to analyze let's let's let it rip well and when congress borrows money
00:35:19.420
to spend even more that stimulates the economy even more does it not at the margin yeah okay
00:35:28.960
if congress reduced the rate of growth in its spending and reduced the rate of growth
00:35:41.800
in its debt accumulation this is this is more this has been the second it would make your job easier
00:35:52.080
i don't think fiscal policy right now is a big factor driving inflation at this moment
00:35:59.900
but it's absolutely essential that we do slow the pace of growth particularly for
00:36:05.440
the areas of the all right let's try to unpack this then i'm not trying to trick you
00:36:09.980
you're raising interest rates you're raising interest rates to slow the economy are you not
00:36:16.180
yes to cool the economy off um and one of the ways you measure your success other than
00:36:24.060
fluctuation in gross domestic product is the unemployment rate is it not yes one of the
00:36:31.180
measures okay so in effect this i'm not being critical when you're slowing the economy you're
00:36:37.040
trying to put people out of work that's your job is it not not really we're trying to we're
00:36:42.120
trying to restore price stability no you're trying you're trying to raise not wages you're trying
00:36:46.340
to raise the unemployment rate there are a lot of that mean i know you don't like the phrase so
00:36:52.440
let me strike it you're trying to raise the unemployment rate are you not no we're not trying
00:36:58.140
to raise we're trying to realign supply and demand which could happen through a bunch of channels
00:37:02.220
like for example uh you know just job openings let me put it another way okay the economist did a
00:37:09.900
did a wonderful study they looked at at 10 disinflationary periods in america going all the
00:37:19.700
way back to the 1950s disinflation is what you're trying to do it's a slowing in the rate of inflation
00:37:27.560
am i right yes in other words prices don't go down they just don't go up as fast deflation is when
00:37:36.120
prices actually go down you're trying to achieve disinflation are you not yes we are okay based on
00:37:42.640
history in the 10 times that we got inflation down disinflation since the 1950s in order to reduce
00:37:52.680
inflation by two percent unemployment had to go up 3.6 percent now that's history is it not
00:38:01.180
i don't have the numbers in front of me but yes the standard has been that there have been
00:38:06.120
recessions and downturns when the fed has tried to reduce inflation now right now the the current
00:38:11.280
inflation rate 6.4 percent and the current unemployment rate is 3.4 percent now if history
00:38:17.380
is right i'm not asking you to to again blame anybody but if history is right unless you get some
00:38:24.920
help in order to get inflation down from 6.4 percent to let's say 4.4 percent and the unemployment rate
00:38:35.120
is going to have to rise to 7 percent based on history that's what the record would say okay and
00:38:40.500
to get inflation down to 2.2 percent based on history an immutable fact unemployment would have to go to
00:38:50.860
10.6 percent would it not no i wouldn't i wouldn't that's what the record that's what the history shows
00:38:58.000
yeah i don't think that kind of a number is is it all in play i mean i know you're reluctant to admit
00:39:04.280
it and you don't want to get in the middle of a policy uh dispute but i think it's undeniable
00:39:12.080
it's undeniable that the only way we're going to get this sticky inflation down is to attack it on
00:39:19.240
the monetary side which you're doing and on the fiscal side which means congress has got to reduce
00:39:25.460
the rate of growth of spending and reduce reduce the rate of growth of death accumulation now
00:39:31.920
i get that you don't want to get in the middle of that fight but the more we help
00:39:38.800
on the fiscal side the fewer people you're going to have to put out of work isn't that a fact
00:39:45.600
please answer it could work out that way okay sir it could work out that way yes sir thank you
00:39:53.880
okay the one buried lead there to cut the rate of of of uh of growth of the no no no brother
00:40:02.640
no no senator claghorn for senator claghorn foghorn you got to cut dramatic cuts now you see the way
00:40:10.140
they're trying to there was quite uh that was quite illuminating was it not brother cortez
00:40:14.900
uh well you know illuminating and dispiriting at the same time uh to see just how little expertise
00:40:21.940
there really is among the ruling class of permanent washington you know jerome paul is a washingtonian
00:40:27.440
lifer he is a lawyer by trade i would take any community banker from any small town in america
00:40:33.580
there's not enough of those left unfortunately because of washington but i would take one of them
00:40:37.100
in a hot second to be a better fed chair than jerome powell uh but listen kennedy was making a
00:40:43.180
correct point there which is right now there is there are literally counteracting forces regarding
00:40:48.860
inflation in washington dc meaning the fed has finally found religion and the fed is trying
00:40:53.900
desperately to get a hold of an inflationary spiral that it itself helped to create uh but it
00:40:59.100
realizes that it has to raise rates very aggressively but at the same time that you have the fed
00:41:03.040
raising rates you have all of that counteracted and more by the absolute exorbitant borrowing and
00:41:09.380
spending by the fiscal profligacy of biden and the democrats and the establishment republicans it's
00:41:15.480
analogous steve to let's say you have a flood in your basement and on one end of the basement you have
00:41:19.700
jerome powell who's desperately trying to bail the water out at the same time at the other end of the
00:41:24.500
basement okay you've got chuck schumer and mitch mcconnell with a fire hose pouring water into that
00:41:29.700
basement that is the scenario we are in right now um and jerome powell as critical as i am of him
00:41:35.120
i think his prepared testimony today was actually quite accurate and very prescient about the risks
00:41:40.660
that we face and he warned the congress that rates are going to have to number one go higher than
00:41:45.500
previously anticipated number two at an accelerated pace now all of that is terrible news for financial
00:41:52.840
markets it's terrible news for main street so i don't care just about wall street that matters i care
00:41:57.480
far more about main street and how it pertains to to main street prosperity in this country steve
00:42:02.840
this is an economy unfortunately predicated upon historically low interest rates our interest
00:42:09.540
rates were kept artificially low for far too long and we are in an economic situation right now where
00:42:15.320
we simply unfortunately cannot stomach higher rates and by just how higher rates going uh let me show
00:42:21.080
you a chart let's put this in uh in numeric terms let's look at the data if we can pull up chart number
00:42:25.620
one please this is two-year yield now normally i show 10-year treasury yield which is the benchmark
00:42:31.100
rate but we look at the shorter duration end of the curve two-year treasury yield which today hit
00:42:37.160
almost five percent i'm looking at that since the beginning of biden's term so you can see there on
00:42:42.620
the very left side of the chart when biden takes office two-year yield interest rates on a two-year
00:42:47.660
treasury point one three percent point one three nearly zero steve okay nearly zero and had been
00:42:54.220
there for some time as you can see from that chart started to explode as biden's economic policies
00:43:00.340
took place now almost five percent the highest since 2007
00:43:04.660
steve hang on because i want to get all your quarters for you back we got posobic to a mega
00:43:10.500
ascendant we're jammed in the last segment of the show but we need to stick around it's good you're
00:43:15.240
going to be in the edge of your seat charlie kirk will follow us uh at uh at 12 steve cortez you call
00:43:21.720
it the inverted yield curve the bond market the real money's thrown up all over the business plan
00:43:26.200
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00:45:05.860
you know uh cortez one of the senators brought up today in the in the uh in the hearing there's
00:45:13.880
never been a hispanic uh individual at a senior level in the fed which is outrageous and by the way
00:45:19.560
you gotta know we're staffing the trump second term and cortez is the short list to be fed chair
00:45:24.640
steve give us your overview your summary by the way what ticked me off and i want to make sure
00:45:29.000
everybody knows the buried lead here kennedy sat there you know senator claghorn foghorn sat there
00:45:34.800
and gave you know guys from oxford so the whole schtick's a totally phony uh he's as sharp as they
00:45:39.540
come he talked about don't you know the fiscal domination we're talking about he says we've got
00:45:44.100
to cut the rate of growth of spending no sir that would be incorrect mega demands we have dramatic cuts
00:45:51.220
in spending now in period zero as we say in finance now right now right steve cortez
00:45:57.860
steve slowing the rate of increase that kind of talk that kind of thinking that's managed decline
00:46:04.300
talk okay which we are sick of and the republican establishment unfortunately has pushed that
00:46:08.520
nonsense for far too long you know steve to connect this financial discussion to the earlier discussion
00:46:14.440
when jack posobiec very persuasively made the case that the various intense created crises of the
00:46:20.580
regime are all coming home to root to roost at once add to that this financial crisis that we
00:46:27.040
simply cannot afford these created crises around the world particularly the geopolitical ones the
00:46:32.260
national security ones so the the unfortunately the economic situation deteriorates and quickly
00:46:38.540
even jerome powell as feckless as he is wakes up to that reality and tries to warn america today
00:46:43.820
throws cold water all over the ridiculous soft landing narrative and says no inflation's out of
00:46:49.560
control there's no easy way out lots of news today please follow me on social media you can find me on
00:46:54.700
twitter i'm at cortez steve cortez with an s how they get to your substack too because you're putting
00:47:01.160
up your your stories are incredible not just the finance ones but the the wisconsin supreme court all
00:47:06.720
these are magnificent and it links there it's stevecortez.substack.com and yes please please do
00:47:13.220
not sleep on wisconsin especially the patriots there of course in the badger state but all over the country
00:47:18.460
this race really matters to you for the wisconsin supreme court we're gonna have a lot more in wisconsin's
00:47:24.680
supreme court we're gonna have some folks in wisconsin how this how the posse can help so
00:47:28.420
cortez thank you very much appreciate it brother thank you uh posobic make the case mega ascendant
00:47:34.520
brother steve we're seeing it every single day you saw chris ray there going out on fox news with
00:47:43.100
brett bear it was kind of a softball interview but at the same time you see him admitting many of these
00:47:49.100
things that for all of these years the fbi has completely balked at saying we're true so he comes
00:47:57.020
out and says okay it was wuhan then he comes out again and is starting to admit that well you know
00:48:03.180
we just can't we can't say one way or the other about january 6th of course tucker we've got the
00:48:08.480
videos there we've also got videos by the way that i've had since january 7th of men going and cutting
00:48:14.780
the fences cutting down the barricades steve i was on this very program on jan 6 jan 7 telling
00:48:20.960
everybody that i saw agitators in the crowd you know what comes out next more limited hangouts
00:48:26.000
admission that a pro-ukrainian group blew up the nordstrom pipeline okay but yeah u.s spies say it
00:48:34.240
definitely wasn't u.s spies that blew up nordstrom then you have the east palestine come at the exact
00:48:40.400
same time as the kiev speech with biden everyone needs to understand that the audience for this
00:48:46.800
is the american people the midwest independence the south people need to know our our country
00:48:55.480
was gutted by our government by this regime by people as you just said steve these wall street
00:49:01.960
republicans these chamber of commerce club for growth types that have shipped our jobs overseas why did
00:49:07.860
mit romney not win in all of these states why did his brand of neoconservatism along with mccain's
00:49:13.540
neoconservatism not win because mit romney looks exactly like the kind of guy that shipped your job
00:49:19.120
overseas shipped your factory overseas while mccain was sending you to fight overseas you know why because
00:49:24.820
he was that guy that's the same type of rebranded paul ryan coke brothers conservatism quote unquote that
00:49:32.260
they're trying to bring back well that's not america first and you know what america first is
00:49:36.060
ascended because we're seeing the exact same playbook being run on the american people and
00:49:40.520
steve the american people are not stupid they're busy but they're not stupid they're looking at
00:49:44.380
this and they can see who is in east palestine they can see who is there with the workers they
00:49:48.580
can see what they're who is there with the people people like jd vance people like president trump
00:49:52.220
that actually went out there people like ben burquam now we're seeing the cpac speech which was full
00:49:57.000
throated america first full throated fire the deep state apparatchiks that have been balking at the
00:50:03.300
way that balking at our moves that have been getting in our way and you're seeing it in the
00:50:07.460
in the morning consult polls look january trump was at 45 february trump was at 48 march 5th sunday
00:50:15.460
after the cpac speech where's trump 53 trump is now breaking 53 and i know a lot of people were saying
00:50:24.920
well you know he doesn't have it anymore he's only getting so much in the prep look nobody beats trump
00:50:29.920
in the primary and with the prospect of world war three on the horizon we need somebody who doesn't
00:50:38.080
need to be going into this in year one we need someone who's already had four years on the job
00:50:45.600
experience someone who already understands the pitfalls someone who's been through the ringer once
00:50:51.580
because steve let me just go back to that list that i said earlier wuhan the ccp
00:50:57.460
the laptop covet george floyd all the way up to jan 6 brian sticknick all of it all of this happened
00:51:07.200
within a 12 month period here in the united states the regime lied about this the media and regime
00:51:14.000
politicians all lied about this and do you really think that happened by chance do you really think
00:51:20.380
that happened randomly no what we had here in the united states was the first domestic american color
00:51:26.400
revolution and if and when president trump becomes the nominee we are going to see forces forces allied
00:51:35.240
against the mega movement that are going to make 2020 look like a walkthrough statuary hall
00:51:40.280
not unity but victory jack basobic uh the great charlie kirk follows us next uh with the populist
00:51:48.020
nationalists a couple more hours of it how do people get to you jack very profound yes of course human
00:51:52.300
events daily please check this out we're going to be going through all the revelations on jan 6 we're
00:51:57.300
also going to be responding to john stewart's comments about guns being the leading cause of
00:52:02.200
death for children because it's just not true and we're going to be going through the subpoena
00:52:07.060
jack basobic honor to have you on here came in on fire thank you very much charlie kirk is
00:52:15.880
next on real america's voice we're back five to seven it will be just as packed and lit as it was
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this morning in the early days of the third world war we'll see you back here at five
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