Episode 2576： Failing Of SVB And The Financial Future OF The US
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Summary
Silicon Valley Bank is in trouble and Goldman sachs is looking to sell its stake in the company. Meanwhile, Russia and the Ukraine are in the midst of a massive financial crisis, and the world is on the brink of another financial crisis.
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've tried to do everything
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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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you know a few things to share here at this point as the market already seems to be well aware
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though i don't believe the company is formally announced and that may be why it is a halted
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news pending that capital raise that goldman sachs had embarked on is a fail um it's not going to
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happen there are plenty of reasons people can point to for why um they certainly didn't seem
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to time it particularly well in terms of crystallizing a loss uh and then going out to
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the market as opposed to actually having the capital raised when they knew they were going to take that
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loss in that bond portfolio but beyond that i can also tell you that separately the uh the bank
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silicon valley bank has hired advisors not goldman sachs has hired advisors to seek a sale um again not
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unexpected right you would expect given the inability to raise capital and the fact that deposits are
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fleeing this thing at an incredibly rapid rate that they then would go to say okay can we get sold
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uh and i am told that there are large financial institutions who've looked at this bank for some
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time um who are at least considering taking a look does it mean that anything will happen absolutely not
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in a situation like this as you guys can well remember from the financial crisis uh deposits can move
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very very quickly so by the end of the day who knows where things stand but i can tell you that there
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is a separate advisor from goldman that has been brought in that is taking inquiries that is
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reaching out that large institutions large financial institutions are at least taking a look
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at silicon valley bank because jim as you know and you were just discussing i mean it is a franchise
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that is somewhat unique in negatives perhaps in some way but also in positives it's connection to
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high net worth the bc community so it is something that a number of banks have looked at in the past
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uh if you could get in there quickly uh stem the the outflow of deposits you know you might actually
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be able to pick something up of great value so that's at least what i'm hearing right now
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uh and as we all know this is a very dynamic situation madam secretary you know better i think
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than anybody alive about partisanship in the united states and what it's cost our country
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uh the ukrainian war has been one thing that's brought democrats and republicans together for
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the most part are you hopeful that that will continue despite the fact some house republicans
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um are being critical of the biden administration and even republicans that are supporting the war
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effort well i am hopeful that it continues joe because i think as we just heard uh this is a war
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of aggression and invasion uh the behavior of the invaders has been barbaric and it really is a war for
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not just the freedom of the ukrainian people although that is first and foremost it is a war for our values
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for what we believe uh should be the birthright of every person in ukraine in europe in the united states
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around the world so i want to underscore that as we support the courage and the extraordinary
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commitment of the ukrainian people their government it's the birthright of everybody throughout the
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world and you're going to send your sons and daughters you know we just got a a 6.8 trillion
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dollar budget up in your face um the new york post is finally reporting the 50 trillion dollars
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war room told you about a week ago two weeks ago they're now reporting it's gonna be 50 trillion dollars
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you're seeing the collapse of the neoliberal neocon global order in front of you news item it says from
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riyadh but it's actually from beijing the ccp has announced today that they have put together
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a essentially a peace treaty in a working partnership between wait for it the house of
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saudi arabia our great ally there in iran so we're going to get cash patel in here this is massive news
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and by the way this is all so they can get off the petrodollar all those big output deals can be
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taken in um in in yuan okay so this is the end of the dollar empire is before you um but the big news
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is silicon valley bank remember this is the premier bank out there legendary bank that essentially banks
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everybody that hates your guts okay all the progressive twinkies out there that literally hate you
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this is their bank okay and there is a run on this bank deposits leaving is outpacing everything
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they've done the panic mode of calling in goldman sachs to sell it the uh my bet is steve cortez
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is that the fed owns this bank by the end of the day am i incorrect in the right now are there some
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bank examiners and guys in there right now this shows you about what cortez we've been talking about
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this is about the collapse of the american economy this is about the collapse of big tech this is about
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all these layoffs we've been talking about and all you hear all day long is how great the economy is
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how great jobs are that is a bald-faced lie it's a bald-faced lie and don't ask cortez and don't ask
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bannon ask the depositors that are starting to line up and get their money out of silicon valley bank
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brother steve cortez that's right ask the depositors and and ask the stockholders who are unfortunate
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enough to own stock in this bank and in regional banks all over the country which are literally
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melting down something that we have been pointing out this week so it is not just a silicon valley
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bank problem it is most acute there certainly to be sure and it has all the hallmarks of a classic
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bank run what you have right there in silicon valley bank is the confluence of two factors you have the
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biden's recession which has been terrible for all of america but particularly awful for tech
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so you have all the peculiarities to the tech industry which of course is the dominant customer
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of silicon valley bank as the name implies um so you have the the tech aspect the tech recession but
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then the other aspect steve that we've been talking about is and really frankly waiting for these shoes
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to drop while they're starting to drop is the absolute route in the bond market that has unfolded
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over the last year or so 2022 as i've pointed out repeatedly on this show 2022 was probably the worst
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year for capital markets ever okay and what the reason i say that is because not only did stocks
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get rinsed and demolished but bonds also did mean assets that investors thought were insurance
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policies turned out to be anything but they turned out to be massive risk accelerants and if you were
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in the wrong kinds of bonds particularly long dated treasury bonds you actually lost more on the
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supposed safe part of your portfolio than you did on the stocks so the consequences not just for
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individual investors but also for banks um and if we can pull up chart number two please bloomberg
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actually did some pretty good reporting on this like to show a quote from them on silicon valley
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bank and they specifically cite in this bloomberg note the significant this is a quote from bloomberg
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a significant loss on its portfolio of u.s treasuries and mortgage-backed securities okay so it's not
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just the fact that silicon valley is doing terribly okay it's also the fact that this bank held assets that
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it deemed to be it deemed to be relatively safe and stable and they are anything but why because of
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joe biden and because of the inflationary nightmare that he's inflicting upon america
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hang on i want to make sure there's a run on this bank this is one of the premier it's not a huge bank
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but it's one of the premier banks in the country it banks all the tech guys it banks all these startups
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it holds their cash remember the fdic only insures the cash certain amounts you've got these guys in panic
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mode okay trying to get their cash out you have a classic run of the bank peter teal has been a big
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promoter of this bank stepped up yesterday and said something i literally have never seen in my time on
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wall street get your money out now i mean it's like what what are you talking about get down to the bank
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and let's get in line uh but i want to go back to that bloomberg because that's the buried lead
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this is not just the stock prices collapse obviously uh the depositors are running this and the question
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is going to be and this is the debate we have to have do you try to stop the contagion so it doesn't
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spread to other regional banks or particularly other money center banks or do you do this thing
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called capitalism it's not just because the people in this bank hate your guts maga right because they
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do this is your betters do you say hey guess what let the laws of capitalism sorry not sorry let it
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fail don't let the government come in for a bailout don't let the government come in and seize this
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thing cortez read that bloomberg again because that's the underpin this is like the british crisis
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back in the summer right this is like the british crisis back in the summer when all sudden they had
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the big problem in the bonds and all the pension funds looked at all the hinky stuff they've got in
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there with all the derivatives to kind of jack up they're trying to jack up uh uh ratings talk about
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these are government securities read that again from bloomberg of what was the underlying financial
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problem with silicon valley bank yes so bloomberg reporting that not only is it silicon valley depositors
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who are a classic run of the bank are pulling their deposits in mass it is also because silicon valley
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bank is taking such losses in its portfolio and this is the quote from bloomberg significant loss of its
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portfolios specifically of u.s treasuries and mortgage-backed securities and you can see in the second part that i
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highlighted there bloomberg also talks about the risks that may lurk in other financial institutions
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so again steve this is most acute it's most immediate in silicon valley bank but the regional
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banks steve all over the country are their stocks are getting rinsed right now and where there is smoke
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there is normally fire and i'm telling you this isn't a problem that's contained to silicon valley bank
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hey remember we give you the bloomberg that you get online because bloomberg is forget the the owner
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the bloomberg has got a great new service 24 hours a day the bloomberg tv you can watch it any time of night
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i'm up all hours night watching the asian markets but more importantly they got the terminal the terminal
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sits right with the traders right that's where bloomberg makes all his money he's got that terminal
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when the the the the alarm when it says other it says right these securities can be held by other
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banks that's when you sit there and say sell dump my bank stocks right overnight the asian banks got
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crushed right now you're going to have and this is the whole theory and this is for the audience you're
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the head of the credits committee what do you just say to do i want in the chat room tell us what you do
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this is like 2008 do you step in and say hey the you know i'm glad they got goldman trying to sell it
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but you don't know what you're selling so nobody's going to buy it you have no earthy idea with what
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this thing has right what the securities are how many depositors so that's all just a front to make
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people feel better you know it's putting a salve on the wound the fed will be all over it do you step
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in and have a bailout essentially a takeover and a bailout or since these guys are your betters and they
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look down your nose at you and they're supposed to be you know they're the the big rough and tumble center
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of capitalism in the world of silicon valley how about this screw you you you you got in this
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situation you bought those securities you believed in joe biden you're you're a super progressive
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suck on this steve cortez your thoughts yeah listen uh and i guarantee there is an absolute flurry of
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phone calls video calls and emails right now uh particularly within the federal reserve system
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uh maiden lane of the new york feds headquarters up in new york believe me is a very busy place this
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morning trying to figure out what to do with this uh it is not yet a massive national story but it
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certainly could become one and my guess is what they're trying to negotiate right now is effectively
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a forced sale meaning similarly to during the financial crisis when jp morgan was effectively
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forced to to acquire bear stearns i suspect that that kind of negotiating is right now going on behind
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the scenes trying to get a larger financial institution um to just swallow up silicon valley bank
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hoping that the problem goes away but again the the issue here is not just silicon valley bank again
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it's first it's worst but that does not mean that the situation is contained there you know to prove my
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point let me pull up a chart uh chart number one if we can go back to now please and this is the
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regional bank index uh this is an etf so this is tradable this isn't just a tracking index this is the
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kre is the ticker if you buy the kre you are effectively buying all the regional banks around america
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including silicon valley bank but a lot of banks that have nothing to do with california or with
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silicon valley that chart that i'm showing right there goes back one year this was down eight percent
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yesterday steve eight percent is a bad year forget about a bad day okay for the regional bank index down
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eight percent yesterday as we speak it's very volatile but as we speak right now down four percent today
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um and to give you uh to put that in context you know as the chart showed there the high
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of just a year ago was seventy three dollars it is right now trading just above 50 so it has lost
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about a third of its value in a year by the way it was at 65 just a few weeks ago so it has lost 25
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percent of its value in just a few weeks and that is all the regional banks put together so again not
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just a silicon valley uh issue some of the other regional banks truest right now as we speak is down
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four percent fifth third bank is down four percent so listen this is something for us to watch
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very very closely these are the real world ramifications of the policy failures of joe
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biden and the complicit republicans people like mitch mcconnell and tom cotton who voted for that
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omnibus monstrosity and the bond market is in full-on revolt and the banks right now are bearing the
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cost starting to starting to have to reflect this and the guys owning those securities are getting blown up
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this all goes back to stolen elections have catastrophic consequences ladies and gentlemen
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okay short commercial break another bombshell this morning over your morning coffee uh the two mortal
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enemies saudi arabia and iran nah they're kind of partners now thanks to the chinese communist party
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in beijing the impact on your life next in the war room a lot of people complain about the state of
00:15:00.840
our country are the way woke corporations treat us and their employees but it's not enough to complain
00:15:06.760
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okay welcome back uh i'm gonna move there's another bombshell this but uh breaking news uh from the
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treasury department janet yellen's just announced that she is i think what they call it steve she's
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monitoring the situation and monitoring a few quote-unquote other banks and financial institutions
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end quote that's like a papal bull is it not sir no correct yeah the exact quote treasury secretary
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yellen treasury monitoring a few banks in the midst of svb issues silicon valley bank issues monitoring a few
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banks steve here's the reality as we have long talked about on this show our economy unfortunately
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became addicted to low rates that were artificially suppressed by the fed by central banks around the
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world and our economy is simply not structured to be able to calmly handle a massive spike in
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interest rates which we have had because of biden's policy failures because of his war on american
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domestic energy combined with his absolute exorbitant borrowing and spending his insane
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profligacy with a lot of assistance from republicans and permanent washington so this intense spike in
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rates two-year treasury yield the day he took office 0.13 practically zero five percent this week okay
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that kind of a rise in rates that quickly yeah our economy is unfortunately totally unable to withstand
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we see it at the consumer level a trillion dollars in credit card debt and a record increase of added
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credit card debt at all-time interest rate highs that's the consumer level and now we're seeing it
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at the business level starting with silicon valley bank okay cortez is going to hang with me here um
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i want to make sure every understands because we want to make sure you're not only the smartest
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people in the world but you're the most informed by what's really important and not the shiny toys
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this is where we keep talking about the third world war remember the second world war
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was because of the problems with the p the economic consequences of the peace as john maynard kane
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said the versailles treaty and everything they try to set up after world war one which was the collapse
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remember the last time we've had a collapse really of a global order was really in 1914 okay that that war
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started in 1914 didn't end to 1989 with tienaman square and the fall of the berlin wall what we
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call the short 20th century it's always a capital it's a economics and capital markets trigger like
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the stock market in 1929 in the massive inflation the weimar republic over in germany that leads to
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bad elements taking over criminal elements taking over as people start to panic and that always ends up
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in some sort of conflict we're in exactly the same position today this is why we've been talking
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from war room pandemic from the beginning you're going to have a a economic crisis driven by this
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pandemic lead to a capital markets crisis lead to a geopolitical crisis this is the convergence you see
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and when they converge and conflate that's when it spins out of control for anybody control this is
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why donald trump and i don't care if you hate donald trump's article on political day oh i'm so tired of
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how he tweets and says stuff about people he gave you four years of peace and prosperity in a very
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troubled time okay even if you hate the sight of the guy he delivered um here's where in the
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situation now you're seeing the convergence of this we're gonna get cash patel in here for a second
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with this uh with this um explosive news coming out of the uh that that area of the eurasian landmass
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that is persia and saudi arabia that really the the controllers of of the world's oil supply
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uh partnering essentially with the ccp but steve i just want to make sure everybody understands
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that and this is why biden they're not serious people cash is going to tell you about how they
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forced the saudis and you know our enemies in persia but saudi used to be our allies into the arms of the
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ccp they're not serious people here's why it's not serious because these are all inextricably linked
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and we try to show you the linkages that budget yesterday is just in your face it's 6.8
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forget that forget the the the taxes and some of the taxes i would like to see because they're
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from people that hate your guts and just take everything but let's leave the taxes aside which
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by the way i told a guy last night in the house of representatives kevin mccarthy should call the
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house together today he should vote on every tax the capital gains tax all of it he should vote every
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if the house should vote on the taxes and send it to the democrats send it to schumer and dare him
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to pass it because the democrats won't because it's their donor base okay it's all a sham this
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and then if he did pass it biden would veto it because it's his donors they're not going to go
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across their donors but the 6.8 trillion dollars is just in your face given that the central problem
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of these banks it looks like are one of the big problems is that they own government securities
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because of the revolt of the bond market against the biden economic plan these securities have
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blown up in their face and now you have a run on one of the most prestigious regional banks in the
00:21:33.580
country in the heart of all your betters all the smartest people in the room this is their bank
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steve cortez right now and to your point about the lack of seriousness of joe biden both at home and
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abroad you know regarding this budget right this budget is 35 percent bigger than the 2019 pre-ccp
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virus budget so there's nothing serious about this it's not even slowing the rate of growth that would
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be bad enough of the budget you know it's not even in the in the universe of actual cuts which are
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necessary given the economic predicament that our country is in because of biden and permanent
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washington you know and you mentioned this new alliance between iran and saudi arabia you know folks
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out there who don't pay a lot of attention to the middle east need to know that these two have been
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intense rivals and effectively their own small version of a cold war iran and saudi arabia for
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years they are the crips and the bloods of the middle east the only thing that now brings them
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together is beijing who has been newly empowered because joe biden is floundering all over the world
00:22:36.640
because the united states lacks any credibility as we continue to escalate a needless war
00:22:41.920
hold it in ukraine hold it yeah but hang but hey but here's what really brings them together let's
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here's what brings them together the rolling devaluation they're doing on you the audience
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in the dollar in the federal reserve note in the dollar you're getting a devaluation every freaking
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day of your life because of the the way the system works you're getting a devaluation finally the global
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south is waking up to the fact of why are we doing this again these americans are out of control this
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ruling elite of america's are called they're doing a devaluation we have the assets right they have uh
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we have the commodities we have the you know we have the assets they have they have a thing called
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the federal reserve note this is driven by at may massive output deals and particularly as we run
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around with the green new deal and we're going to transition the economy we don't need oil anymore
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as the ccp sees an opening they're going in there and saying why are you taking why are you taking
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the foreign devils uh dollars they're devaluing devaluating take my yuan right so these deals are
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put together because they're going to be massive output deals to the ccp they said we don't we don't
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you know they're sitting in the paris accord yeah yeah we got to you know worry about the environment
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they're building coal plants and buying as much oil and burning as cheap as possible and and to the
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detriment of the united states of america and what they're doing now is partnering to get off the
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dollar and once we are like the british pound and all along the prime reserve currency you think you're
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life in wichita is going to be bad with what biden's doing right now you ain't seen nothing yet
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and this is exactly where we're going and that's what that deal means brother cortez yes listen of
00:24:13.120
all the policy errors of joe biden legion unfortunately for they are many uh perhaps the
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riskiest long term is the dethroning of king dollar and i think a lot of americans if they don't travel
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abroad a lot or they don't pay a lot of attention to international capital markets might not realize just
00:24:30.020
how beneficial the strong dollar king dollar the dollar is the reserve currency of the world
00:24:34.020
has been to america particularly in recent years because it effectively allowed us to engage in this
00:24:41.880
profligacy in this exorbitant borrowing and spending um with the benefit of very low interest rates why
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because the entire world wanted to hold u.s dollars once that situation starts to turn and i believe it is
00:24:54.940
in the early stages of turning in a very macro way against the dollar and if we have to pay more sort
00:25:01.300
of market driven interest rates where we don't have the luxury of being the reserve currency of the
00:25:06.360
world and listen nobody occupies that that title forever the british didn't the romans didn't uh in
00:25:11.620
history but once we lose that privilege once we lose that standing in global capital markets interest
00:25:17.300
rates will soar and believe me the kinds of problems we're talking about now will seem pleasant
00:25:22.800
in comparison to what could happen then hey we're going to be argentina argentina is the one to look
00:25:29.100
for we're going to be argentina we're going to be argentina i'm telling you by the way go to
00:25:32.860
birchgold.com slash bannon right now i've got the third free all of it's free the politics of money the
00:25:38.660
end of the dollar empire and today the debt trap we put it out over cpac i need everybody to get it
00:25:43.420
and you got homework assignments over the weekend you're going to read all this right you're going to
00:25:47.980
read that 103 page report from the federal judge the opinion we got a lot of work to do over the
00:25:52.440
weekend no days off uh let me bring in cash patel cash uh you are you know your chief of staff over
00:25:59.440
at the pentagon uh you've been an intelligence guy your entire life this is your neighborhood
00:26:04.600
how big a deal is this explosive news coming from beijing and riad and tehran this morning sir
00:26:10.700
remember during the world wars when we had the axis of evil well it's not quite like that but it's not
00:26:17.260
quite um too far of real from that because we have now the three adversaries of the united states
00:26:23.400
of america in iran russia and china aligning themselves together with our key partners in the
00:26:31.140
middle east and saudi arabia because we have left a diplomatic and negotiating vacuum since joe biden
00:26:37.260
took office and now it is being filled across the board not just on a national security and economic
00:26:43.780
front but on a handshake front and the arbiter of the entire process is xi jinping and the ccp our
00:26:52.240
number one adversary is in bed with our number one uh physical national security threat iran and they
00:26:58.620
are doing it together to take down america and now they've got our number one ally in the middle
00:27:03.460
east saudi arabia and company going to bed with them by the way it was announced in new york times
00:27:09.700
the buried lead like in the second or third paragraph oh the deal's been negotiated for a
00:27:13.740
week in beijing with the ccp bringing the parties that's because these massive output deals uh i don't
00:27:20.440
want to say it reminds me of the the between the uh no limits partnership between the kgb and putin
00:27:27.580
and and xi and the ccp that was done at the olympics last year and now this it kind of feels like the
00:27:33.840
molotov ribbentrop a deal that was cut in 1939 in secret between the nazis and the soviets and once
00:27:40.440
that deal once they had the handshake and they signed the deal all hell broke loose okay so just
00:27:45.900
wait for it right now wait for it this is biden his economic policies are blowing up banks because
00:27:51.460
they're holding his bonds right and now we have our most the biggest existential threat this nation's
00:27:58.920
ever faced the chinese communist party in beijing picked off supposedly our greatest ally uh in the
00:28:06.680
gulf uh the house of sod sure commercial break cash patel steve cortez darren b is going to join us
00:28:14.660
thanks to your support patriot mobile has emerged as one of the leaders of the
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today take action use your agency use your host stephen k bannon
00:29:50.140
okay welcome back by the way we had an entirely different show structure today we're going to have
00:29:58.960
actually jeff clark lead us there was a bunch we have jd vance here we love we headed to the last
00:30:02.900
second jd's going to join us next week we're going to talk about we're going to get jeff up here to talk
00:30:06.740
about the uh what came up yesterday it was revealed in the hearings about east uh palestine ohio um
00:30:13.960
cash patel you are one of president trump's closest advisors on national security and intelligence
00:30:24.300
um situations you you understand the bureaucracy remember cash was chief counsel to nunez and the
00:30:34.660
folks we took over the house intelligence committee cash was then went to dni cash is uh an
00:30:40.100
intelligence guy but then when his chief of staff over the pentagon because president trump trusted
00:30:44.300
him to kind of keep his eye on everything nobody knows national security nobody knows the diplomatic
00:30:50.240
side in the intelligence side cash from on a scale from one to ten ten being a thermonuclear bomb
00:30:59.500
and one being of or the course of ordinary course of business how big a deal is this announcement
00:31:05.680
coming from beijing today sir between our formerly our strongest ally in the persian gulf i guess uae
00:31:12.860
would argue that but one of our strongest allies the house of sod with uh the persians in tehran
00:31:19.020
particularly the detail that the new york times tell you they're going to open wait for this open
00:31:23.120
embassies in each other's capital this is steve cortez said about this is the blood in the crypts
00:31:28.820
this is what yemen's all about that brutal war in yemen these proxy wars around the around the
00:31:34.140
middle east it's all because the blood's in the crypts cash patel yeah steve look it's it's 10 times
00:31:41.000
10 bat 100 it's not even on the scale it doesn't measure how bad and how harming harmful this is to
00:31:48.020
our national security rewind the clock remember saudi arabia and iran were firing missiles into each
00:31:53.760
other's backyards for years and and now now fast forward into the biden regime and the fact that
00:32:00.720
joe biden has to go over to saudi arabia to beg for cheap oil from mbs doesn't get the job done no one
00:32:06.980
takes his phone calls anymore and when you're left with that vacuum on the diplomatic global stage you
00:32:11.780
know who fills it xi jinping and china come in and say hang on we're going to mend fences with saudi
00:32:17.620
arabia and iran we are going to kick the united states to the tier two order of the world uh regime
00:32:23.900
and we're going to do it while making economic headways in iran that china is going to take
00:32:29.340
advantage of and they're going to own half of iran's infrastructure and saudi arabia is now giving
00:32:34.700
the money from the oil infrastructure system to the chinese and the iranians and that is getting us
00:32:40.640
away from the american-backed dollar for the global security uh concerns uh with this deal and so it's
00:32:47.160
shocking this this this the dollar as the prime reserve currency look there's a lot of problems
00:32:52.120
with being the prime reserve currency trust me it's like but pax americana was built on the back
00:32:58.040
not of our military and i served our beloved military which was all important it was built
00:33:02.900
literally on the back of our economy and people's trust in our capital markets and people's trust in
00:33:08.440
our securities and people's trust in the dollar and don't want to say the debt saying oh you guys are
00:33:13.140
doing the thing oh screw you that you are not going to default on government securities ask
00:33:17.720
silicon valley bank about defaulting on securities okay ask them about holding the crap that the
00:33:22.800
bide administration in this business model they got for this country that's not sustainable and
00:33:26.480
steve cortez shows the 35 percent increase in the spending and in your face not one freaking cut
00:33:32.140
6.8 trillion leave the taxes aside because i can get on board some of the taxes for the super
00:33:37.880
wealthy billionaires that hate your guts and hate maga okay cortez by the way this is a two-part play
00:33:44.420
because the thought that ccp is all in back of rubbing up on zielinski zielinski's going to flip on
00:33:50.020
us he was on wolf blitzer the other day saying if you don't send fighter jets you're not my friend
00:33:54.720
the ccp is going to be all over this ukraine situation brother tell me the trump how did trump
00:33:59.740
handle this brother cortez yeah look what's going on right now unfortunately is the exact opposite
00:34:05.400
is the antithesis of the trump foreign policy approach and trump achievements all over the world
00:34:10.860
what trump did was he didn't intervene as a matter of fact he he wound down the needless reckless
00:34:16.380
interventions of his predecessors at the same time he ramped up diplomacy and what he did during his
00:34:22.800
tenure in the middle east was bring rivals bring enemies together at the behest of the united states
00:34:30.120
particularly the abraham accord right bringing arab and jew together in a momentous way signing
00:34:35.260
treaties and forging alliances that hadn't been done in decades we now see the and he did it through
00:34:40.720
diplomacy not through interventions we now see the exact opposite joe biden engaged in needless
00:34:46.520
escalations and interventions that risked world war three at the same time instead of the united states
00:34:52.820
brokering deals it is beijing it is the ccp which is brokering deals between rivals to oppose the united
00:35:01.160
states to act unfortunately saudi arabia and iran together as as a foil to american interests and
00:35:08.420
particularly as you correctly pointed out economically so you know it's also telling let's let's take it out
00:35:13.600
of the middle east for a moment just a few weeks ago there were massive naval exercises between russia
00:35:18.980
and china where do they stage those in south africa okay south africa is also part of this emerging
00:35:25.160
alliance that you talk about of the global south and south africa is a very troubled nation in very many
00:35:29.480
ways but it's got a lot of resources that the world needs and believe me china and russia have their eye
00:35:34.600
on south africa and again this isn't just anti-trump that's bad enough it's also anti-nixon we have
00:35:40.500
forged the russians and the chinese together into an alliance something the united states successfully
00:35:46.280
prevented for decades in the past you talk about inverse kramer you get inverse trump right because
00:35:53.040
now by the way you got the iranian navy off the coast of wait for it brazil cash you were and one thing
00:35:59.220
about trump and look i really is not at everybody's company i'm not saying i'm not saying you have to
00:36:02.640
love the guy but he's a tough guy on the economy in that golden year of 2019 before the ccp hit us
00:36:08.200
with the with the with the weapon with the bioweapon and then peace remember cash you're a key part of it
00:36:14.080
they not only respect trump which they don't respect by one reason they don't respect biden they don't
00:36:19.320
consider him a legitimate president of the united states trust me that the saudis would have never had
00:36:23.940
the guy driving up to the hotel out there and fist bumping they don't do that to a guy that thinks
00:36:28.600
the true commander-in-chief and they don't deal do a deal like this behind your back when they got
00:36:33.260
respect for you and more importantly they fear trump remember uh uh all the all the neocons try to have
00:36:41.320
him lob remember he's going to lob cruise missiles into iran cash and the last second you guys and
00:36:46.480
president trump goes hang over a second about proportionality how many guys that owed one or two guys he
00:36:50.940
says well how many guys gonna die here i don't know a couple thousand he at the last second he calls
00:36:55.000
the pentagon and john bolton and all these neocon warmongers he calls them off but they still fear
00:37:02.940
trump they fear trump but he doesn't have to walk in and throw cruise missiles in there cash patel
00:37:07.800
yeah look the trump doctrine or whatever you want to call it when it comes to national security and
00:37:13.040
global security is very simple you have to have wasta on the world stage with your allies and
00:37:18.420
adversaries alike you don't have to be best friends with putin and xi jinping and uh the and dprk
00:37:24.500
and kim jong-un but you have to be able to get in a room with them or get on the phone with them
00:37:29.140
and that's the one thing joe biden and his administration can't they won't even take our
00:37:32.740
phone calls from our secretary of defense or our president of the united states with donald trump
00:37:37.740
they didn't even have to take the phone call because they knew if that phone rang
00:37:41.100
they russia china iran were in trouble and and talk about proactive operational measures
00:37:47.840
president trump took them in syria took them in afghanistan took them in iraq and around the region
00:37:53.540
to make sure these people and the iranians knew when he took out qasem soleimani the number one
00:37:59.020
terrorist in the world after taking out baghdad that he meant business so when donald trump calls people
00:38:04.360
and says if you hurt american interests they listen they're not listening now because there is
00:38:09.780
no wasta behind joe biden on the world stage to do anything he is literally off the call sheet
00:38:16.040
for the first time our commander chief in the united states of america is on the junior varsity squad
00:38:21.020
of international relations and the chinese have filled that gap with the iranians and now the
00:38:26.380
saudi arabians and i'm sure the other middle east allies of ours are next because we are not doing
00:38:31.160
anything to stop it or supplant it okay you've got um you've got russia and the kgb you got turkey and
00:38:38.640
erdogan he's not an ally turkey and erdogan the ottoman empire you got syria you've got qatar
00:38:44.000
you got saudi arabia you got iran you got the jihadis in pakistan and you've got uh mini me up
00:38:51.560
there in north korea and a couple of the stands in central asia and it's all led by the head of the
00:38:56.840
snake is the ccp this i'm not a neocon but let me be brutally frank we we can and we don't need to go
00:39:02.540
to shooting war with them if we go to shooting wars ridiculous we need to immediately cut off
00:39:08.020
all the capital cut off all the technology to the chinese communist party and let lao baijing take
00:39:13.140
them out in a hundred days because this thing's going to get we're we are hurtling towards a
00:39:18.300
kinetic third world war okay and it's going to be a capital markets crisis like you've never seen
00:39:22.600
before cash i know we got you here for other things what what you guys put together is absolutely
00:39:27.540
incredible i want you to tee it up uh i want to get you in here then i got bd we got a lot to do
00:39:32.460
about j6 a lot to do about the fbi should i play the fbi clip for do i have time yet do i cash i got
00:39:39.120
you for a few minutes don't i oh yeah we got a lot is the fb is it is the chris ray thing i know i'm
00:39:45.420
changing course of the chris ray is that booted the ultra mega clip is that is that ready okay maybe not
00:39:52.140
okay i tell you what it's ready let's play ultra mag i want to have his i want to have his comments on
00:39:56.520
chris ray here let's play it director ray i want to start with you and ask are you willing to
00:40:00.900
acknowledge that the fbi has committed abuses and violations in its use of fisa and is that
00:40:06.340
defensible well first off no violations are defensible in my view uh and we are absolutely
00:40:11.820
committed to making sure that we show you the rest of the members of congress and the american people
00:40:17.160
that we're worthy of these incredibly valuable authorities would you agree that the fbi has a trust
00:40:22.840
issue with the american public well certainly uh anytime we have anybody who who has a trust issue
00:40:27.880
with us we want to try to address it uh i think what i see look at the american people more broadly
00:40:32.200
uh i think a lot of it is reaction to specific cases and things here and there but i will tell
00:40:37.360
you that i see the american people showing up in droves to come work at the fbi putting that to
00:40:42.760
the side putting that to the side we clearly have work to do and we're eager to do it with this
00:40:47.560
committee to show that we can be worthy stewards of these important authorities and so if there are
00:40:53.720
questions that are that need to be answered i understand completely why those questions are being
00:40:57.800
raised we brought them on ourselves and i want to make sure that we can show you that we can answer
00:41:02.840
those questions i created and set up an entire new office of internal audit that did not exist at
00:41:08.600
the fbi before and brought in a former agent who's also a former big four accounting firm partner
00:41:15.000
to run that office of internal audit and that office is focused exclusively on fisa compliance
00:41:21.480
so there's a lot more that i could get into but i'm sympathetic to the time constraints here
00:41:26.360
of course like any major institution we have made mistakes and to me the mark of a leading
00:41:31.880
organization is not whether it makes mistakes or not all major organizations all elite organizations do
00:41:37.560
but whether or not we learn from those mistakes and i think we have we've made all sorts of changes
00:41:42.520
which i could could go into on different issues but but we're determined to be worthy of of all
00:41:47.560
americans trust including your constituents i think the biggest threat to these agencies is when
00:41:52.680
there's a public perception that there's a political bias on the left or the right how do your agencies
00:41:57.160
combat that appearances issues perceptions those things matter and so one of the things that we did
00:42:03.800
uh is i ordered a stand down uh to focus on not just objectivity but making sure that we avoided even
00:42:13.240
the appearance of bias and so i started at the top so i took all 250 or whatever it is of the scsers
00:42:19.240
and made them all come to quantico for a single day where the overwhelming message was back to
00:42:24.360
fundamentals the right thing in the right way where they heard from judges because a lot of what you're
00:42:28.040
describing about is sort of trying to adopt more of the kind of mindset that judges have they may have
00:42:33.000
political backgrounds but they put those to the side they check them at the door when they take
00:42:36.520
on the rope we need to have that same kind of mentality so the point was to start at the top
00:42:41.640
with everybody at the top of the organization make them take the medicine first and then push
00:42:46.200
it out to the workforce and we did it for the entire workforce
00:42:55.400
cash patel your author of government gangsters we've got 30 seconds your assessment of chris ray
00:43:00.440
yeah well he is the number one government gangster um and that's why he continues to lie to congress
00:43:06.600
or should i say that because he continues to lie to congress he keeps deflecting from the questions
00:43:11.000
asked and they're talking about specific fisa reforms and as a terrorism prosecutor the fbi has
00:43:15.720
lodged thousands of fisa abuses and errors at the fisa court this is just the beginning they need
00:43:20.760
to keep him in that seat for days okay cash is going to hold with us we've got a very special event that's
00:43:27.800
going to take place right when we come back cash is going to tee it up we're going to take a short
00:43:31.320
commercial break come back cash is going to tee it up we got cortez darren beady and something very
00:43:36.040
special for you from president donald j trump short break back in a moment we will fight till they're all
00:43:43.960
gone we rejoice when there's no more covidtaxrelief.org got a small retail business almost eighty thousand
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that's why you have to check today with covidtaxrelief.org the new social media taking on big tech
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protecting free speech and canceling cancel culture join the marketplace of ideas the platform for
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independent thought has arrived superior technology no more selling your personal data no more censorship
00:45:31.240
no more cancel culture enough getter has arrived it's time to say what you want the way you want
00:45:39.640
download now okay i'll be doing royce white's show tonight at 10 o'clock we're being on getter
00:45:47.000
live stream we live stream all the time this weekend we're going to have stuff up all over as this uh
00:45:51.640
crisis this the remember in any gathering storm the storm is here baby um i've got more news on
00:45:57.640
silicon valley bank we'll get to that at the top of the hour we have something very special cash you want
00:46:02.280
to tee this i'll take a minute and tee this up where we're about to see and and what it was why
00:46:06.600
it was done thanks so much steve and everybody i know we move fast everybody take a breath just take
00:46:11.160
a pause for what you're about to see here we all know the plight of the jan six prisoners and their
00:46:15.480
families and how due process has been destroyed for so many of them we also know or some of us know that
00:46:20.760
they sing the jan six prisoners themselves sing the national anthem every night for 700 straight plus
00:46:25.800
nights from the jails themselves so what we thought would be cool is if we captured that audio
00:46:30.040
and of course had the greatest president president donald j trump recite the pledge of allegiance
00:46:35.160
then we went to a studio and recorded it mastered it and digitized it and put it out as a song now
00:46:41.560
releasing exclusively on war room the video the first time ever the song justice for all by donald
00:46:48.440
j trump and the jan six prison choir this is on the billboards it's going to break the charts but
00:46:54.520
here's the most important part steve all net proceeds go to jan six families this video
00:46:59.800
is going to bring you to tears and the song is available everywhere songs download
00:47:06.200
remember this and we got bd on here to talk about and cortez afterwards uh remember this is
00:47:10.520
a gulag mtg's taking comer down this is a gulag in in the in the q anon shaman you saw what the
00:47:17.080
great tucker carlson did with that footage spent a year in solitary confinement in this gulag
00:47:21.640
okay let's go ahead and play it denver very powerful let's play it
00:47:34.360
i pledge allegiance to the flag of the united states of america
00:49:56.880
Yeah, so the Jancic prisoners who have been detained, no bond, since January 6th of their arrest, there's many of them, dozens and dozens of them, every night to exercise their freedom of speech, sing the national anthem from the D.C. Gulag.
00:50:12.900
We were able to capture that recording thanks to their courageous singing, and we were able to take it to a studio.
00:50:20.420
Justice for All is now on every music site available, including the Billboard charts.
00:50:25.760
Steve, I was just told, it's already top 10 of all music.
00:50:31.900
And a special shout-out to you, Steve, Real America's Voice, Ed Henry on Real America's Voice, and Pyramid Records, and Rob Sig, of course, for having the courage to put something like this out for the American public to see.
00:50:43.120
And again, you can go to the website, j6prisonquired.com, j6prisonquired.com.
00:50:49.860
The video is available live on Rumble and everywhere else now, and it's got a true social and exclusive Rumble launch.
00:50:56.080
And also, we thought, what's another way to raise money?
00:51:09.160
All net proceeds, all of them, go to the Jan 6 families in need that we identify.
00:51:17.100
And, of course, let's not forget the greatest president in history, Donald J. Trump.
00:51:22.380
And we've seen the footage coming out showing the evidence of innocence that so many J6 detainees could have used last year, a year before, and we just thought it was time to act to help to support these families.
00:51:34.820
So, Justice for All by Donald J. Trump and the Jan 6 prison choir.
00:51:43.280
I want to make sure Grace and Mo get it up on all of our sites.
00:51:46.860
I want to push it out and be a force multiplier.
00:51:54.640
Somehow, the case has still been delayed now for the Proud Boys.
00:51:57.980
Something about information, the FBI, all of it.
00:52:03.440
This gulag, MTG's taking Comer down their oversight.
00:52:12.780
But the House has just voted 419 to 0 to direct D&I to release all intelligence related to the COVID-19 virus.
00:52:36.260
for the J6 PC t-shirts and the J6prisonchoir.com.
00:52:45.300
Steve, thanks so much for the exclusive launch.
00:53:00.480
This is what makes Real America's Voice the best.
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War Room Posse, you already know free speech is under constant attack by The Swamp and their
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They resell you communications and personal data while lecturing and laughing at you.
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Unplugged Systems, a secure communications company, has an app suite you can install on
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