On today's show, we have a special guest on the show, Jack Posovic. Jack is a former Wall Street Journal reporter who covered the 2008 financial crisis, the housing crash, the Great Recession, and the financial crisis of 2008. He's been with us since the early days of the crisis and has been on the front lines of the fight against it ever since.
00:01:17.000Are you saying now that the 24 consecutive months of negative real wages are finally catching up in the in the you know, the nine trillion dollars that the millennials have in their credit cards?
00:01:29.000Is this finally catching up with us or what's what's the reality instead of the narrative?
00:02:20.000Because inflation is so pernicious and is such a massive problem for consumers that they're having trouble even just affording the necessities of life.
00:02:30.000So that is the reality on the ground right now.
00:03:05.000So in Riyadh, they are lighting their cigars with hundred dollar bills because of the policies of Joe Biden, because he went to war with American energy and he is stoking inflation that we haven't seen in over a generation in this country.
00:03:19.000That is great news for the Mullahs in Tehran.
00:03:23.000It's great news for the House of Saud in Riyadh.
00:03:26.000It is terrible news for middle America.
00:03:29.000And it's terrible news for the consumers out there, the taxpayers, the citizens of the United States who are now on the hook to guarantee all deposits in the United States.
00:03:38.000Because whether or not Joe Biden said that explicitly, it was at least implicit in his comments that we are now backing all of these deposits.
00:03:47.000You didn't make the mess, but you're going to clean it up.
00:03:50.000You were not invited to the party, but you're going to be stuck with the tab regardless.
00:03:55.000That is the system right now that Joe Biden creates for this country with the help of collaborationist Republicans, people like Tom Cotton and Mitch McConnell, where the oligarchs stick it to the deplorables, where the oligarchs enjoy all of the upside.
00:04:09.000And yet the downside, the losses, the risks, that part is public.
00:04:14.000That part is shared by all of us, privatized gains and public losses.
00:04:18.000It's a terrible way to run an economy.
00:04:21.000It's an unjust way to run a society right now.
00:04:24.000But that's the reality in 2023 America.
00:04:27.000We're being criticized by our critics as saying, well, this is really global.
00:04:59.000If you look at the sequence, if you look at the timing of when inflation started to rise in the United States versus other developed nations, it started here.
00:05:09.000OK, this is the origin in the United States.
00:05:53.000And Credit Suisse does have its own particular problems.
00:05:56.000And that bank has been troubled for a very, very long time.
00:05:59.000By the way, connecting that back to Saudi Arabia, the new news for CS today is that its Saudi backers, its Saudi investors said, we're not putting any more money in.
00:06:08.000How pathetic is it, by the way, though, that formerly powerful countries like Switzerland have to go to the Saudis for a financial lifeline, that the United States effectively has to go to these emerging countries and beg for better policies from them?
00:06:23.000This is the sad reality of where we are because of Joe Biden.
00:06:27.000But, you know, again, CS is important.
00:06:29.000And I think, you know, it is the story of the day.
00:06:31.000But the story isn't about any single bank.
00:06:33.000It's not about Silicon Valley Bank or Signature Bank.
00:06:36.000It's about what inflation is doing, how it is destroying prosperity in this country and how it is creating massive instability because of what it's doing to bond holdings.
00:06:47.000You know, I can't emphasize this enough, Steve, how tumultuous it is for the U.S. economy when you have assets which were regarded as safe and boring and they suddenly become incredibly volatile and toxic.
00:06:59.000The shock waves that that sends throughout the financial system.
00:07:03.000For far too long, our country was addicted to low rates, rates that were artificially low because of the suppression of the Federal Reserve.
00:07:12.000So the Fed made its bed, OK, and it helped to create this inflationary nightmare.
00:07:19.000And one of the worst consequences, Steve, just yesterday, we got a CPI report out, Consumer Price Index.
00:07:25.000And the headline number was bad, but the details were even worse because staples like groceries, electricity, and utilities all up double digits.
00:07:35.000Now, with those kinds of price increases, Steve, what should be happening is the Fed should aggressively be trying to fight that inflation because it's crushing working class Americans.
00:08:25.000Well, listen, there's been a lot of silence, which is very troubling.
00:08:28.000And then when political leaders have actually taken to the microphones and taken to the airways to talk about it, they're blaming it on wokeness.
00:08:35.000And again, nobody hates wokeness more than Steve Bannon and Steve Cortez.
00:08:39.000And what these companies do, they're toxic, cultural, corporate Marxism.
00:08:59.000But they failed because of inflation, right?
00:09:01.000So major in what matters, a focus on what matters.
00:09:05.000And the only way that we start to get this inflation under control, particularly now the Fed has been effectively neutered and is not going to be fighting inflation, is on the fiscal side.
00:09:47.000Because it's necessary to get a restraining level of discipline, once again, upon the inflationary nightmare that is bedeviling the American citizens right now.
00:10:00.000I mean this makes the debt ceiling negotiation everything, right?
00:10:05.000We can't possibly give an inch on this.
00:10:07.000Because right now you don't know what's on the balance sheet of the Fed.
00:10:10.000You don't know what's even on the FDIC.
00:10:13.000The Republicans ought to be up to date demanding that the head of the FDIC come and find it exactly where we are.
00:11:23.000So in other words, Steve, the national credit card is already maxed.
00:11:28.000So as we head into this crisis, as this crisis intensifies, we enter it in an incredibly weak and more indebted place than we were in into the 2008, 2009 crisis.
00:11:41.000These are really, really dangerous times, Steve.
00:11:44.000You know, listen, nobody should mistake just how serious, how grave these matters are and how great the risks are to your personal prosperity.
00:12:07.000I'm at Cortez Steve, Cortez with an S, and it's stevecortez.substack.com.
00:12:13.000And my latest article there I explained in very, very plain English for people who are not into bonds, who are not into finances, exactly what happened at SVB.
00:12:42.000You're going to, by the way, this was written before this latest crisis the last couple of weeks, but you'll see exactly how important, how important it is to hold the line on the debt ceiling negotiations and this budget and appropriations, all of it.
00:12:55.000I want to go to, let's get, we got Natalie Wentz.
00:12:58.000Natalie, we're going to do your cold open from CBS on the other side.
00:13:02.000But a bunch of things are breaking right now, particularly about the Wuhan lab, also about the Hunter and Biden investigation.
00:13:07.000Can you, I know you've got your hand on top of all of this.
00:13:12.000Well, it's great to be vindicated all the time, but I think the stories that we're about to get into, whether it's the Wuhan lab, the influence peddling of the Biden family, I really think it's a symptom of the broader problem that you see going on a Silicon Valley bank in the sense that the elites only seem to get the upside and MAGA, the rest of us are stuck with the downside.
00:13:32.000And what I mean by that, take gain of function research as an example, or the COVID-19 pandemic, which now finally we have CBS admitting likely happened in the Wuhan Institute of Virology and that Anthony Fauci and the National Institute of Allergy and Infectious Diseases funded research going on there through EcoHealth Alliance.
00:13:51.260But average Americans, right, got stuck with a pandemic, got the lockdowns, the mask mandates, forced vaccines, or, you know, hamstringed economy.
00:13:58.840Meanwhile, the elites, in terms of power and profit, probably saw one of the most successful three-year runs in this country's history.
00:14:07.580So it's certainly interesting that that track record, that pattern seems to keep repeating itself.
00:14:11.480But on the front, when it comes to the Bidens and the congressional investigations, people may have heard James Comer was talking last night about how after subpoenaing three bank records from business associates of Hunter Biden from Bank of America,
00:14:26.820they found that a $3 million sum was wired to Rob Walker just months after Joe Biden left the vice presidency.
00:14:34.880And that sizable sum, like I said, that directly came from the Chinese Communist Party was then funneled not just to Hunter Biden, but to other members of the Biden family as well.
00:14:44.820Okay. So hang on for a second. We're going to take a short break. We're going to get back into it.
00:14:48.860We've got a CBS cold open. Also, Comer and oversight is all over the laptop and now getting into the Biden's financials.
00:14:56.780Okay. Short commercial break. Back in a moment.
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00:15:22.580Here's the deal. The Fed keeps raising rates because it's the only tool they have to keep inflation under control.
00:15:28.040And guess what? It's not working. You can't spend your way out of inflation.
00:15:32.840You've seen the impact on the stock market. You've seen the impact on your savings.
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00:16:19.180We've got new details to share with you today about an investigation into U.S. funding of a Chinese research lab in the city at the center of the pandemic.
00:16:33.780It's raising questions about how closely past administrations were following the use of the money.
00:16:40.380Senior investigative correspondent Catherine Herrich joins us from Washington with more.
00:16:45.780Good morning, Michelle. Sources tell CBS News an investigation of this complexity could take at least six months to reach a conclusion about whether U.S. government agencies were billed twice for projects in Wuhan, China.
00:16:58.540The probe kicked off after new information came to light from Congress.
00:17:03.400We are collecting evidence here and collecting facts.
00:17:07.640Former federal investigator Diane Cutler spent two decades combating white-collar crime and health care fraud.
00:17:14.520During the pandemic, Cutler turned her attention to U.S. government grants that supported coronavirus-related research in China.
00:17:25.280My collection is certainly well over 50,000 documents.
00:17:29.120Records reviewed by CBS News indicate the U.S. government may have paid twice for projects at the Wuhan labs through the National Institutes of Health and the U.S. Agency for International Development, or USAID.
00:17:42.400So, I categorized it and then drilled down from there.
00:17:46.140This included possible medical supplies, equipment, travel, and salaries.
00:17:50.600So, what I've found so far is evidence that points to double billing potential theft of government funds.
00:17:58.480It is concerning, especially since it involves dangerous pathogens and risky research.
00:18:03.680While intelligence agencies can't agree on how the pandemic that killed more than 1.1 million Americans started, the FBI and now the Energy Department have found an accidental lab leak is plausible, not potentially through infected animals at a nearby market.
00:18:20.420At recent congressional hearings into the origins of COVID-19, the former CDC director said money from multiple U.S. government agencies supported high-risk virus research in Wuhan.
00:18:32.640I think it did, not only from NIH, but from the State Department, USAID, and from DOD.
00:18:38.120Does following the money get us closer to understanding the origins of COVID-19?
00:18:43.120Following the money always seems to work in investigations.
00:18:46.100Republican Senator Roger Marshall hired Cutler and took her records to USAID's internal watchdog, which opened its own probe, details of which have not been previously reported.
00:19:34.220And the hope is we don't have another plane crash for the same reason.
00:19:38.100Sources told CBS News that tens of millions of U.S. taxpayer dollars could be involved and the findings could provide new insight into the Wuhan research.
00:19:48.580Spokesperson for USAID declined to comment and the NIH press office did not respond to CBS News' question.
00:20:24.220But, Natalie, are they playing such small ball or is that what they're going to have to do to say, hey, was this double billed or who actually paid for this?
00:20:30.920Because you've been reporting this for three years now.
00:20:34.080Is this where the mainstream media is after three years?
00:20:38.100Yeah, I don't think the issue is quite the double billing.
00:20:41.480I think it's what exactly they were billing for.
00:20:46.920People may recall a few months ago, remember we played a similar clip from CBS with Catherine Herridge, sort of doing this, you know, three years delayed, two years delayed, admitting that they weren't telling the full story about the Hunter Biden hard drive.
00:21:04.040And she goes up there speaking very formally, acting like what they're saying are these bombshell revelations.
00:21:10.120But really, they're making utter fools of themselves, not only because we've been talking about the existence of U.S. taxpayer dollars going to this lab.
00:21:21.020The primary sources, these documents, the studies show that the taxpayer funds went to EcoHealth Alliance, went to Shijung Lee, the bat lady of the Wuhan Institute of Virology.
00:21:32.740But I think what's really, really interesting and why these segments, why I love to play them, it's not so much as to have the cheerleading moment where we say, oh, finally, the mainstream media, you know, has said that we're not crazy.
00:21:48.500But this is when it takes a very, very laser-focused microscopic eye to understand where the elite, where the establishment using, of course, these mainstream media outlets, sort of as their PR agency, are pushing the narrative.
00:22:03.560And particularly, this comes on the heels of, of course, you have that DOE report on the origins of COVID saying that it likely came from a lab.
00:22:11.000And then, of course, continued releases of documents and, of course, Dr. Robert Redfield saying that Fauci and particularly the federal government all the way to the Department of Defense had been funding gain-of-function research, not just at the Wuhan Institute of Virology, but really at a network of foreign labs, particularly those in China.
00:22:32.040So now to sort of push back, because I think, like we've said on this show, they're willing to sell the Chinese Communist Party down the river, but they don't want to give up the fact that the U.S. federal government was so intimately involved in funding this gain-of-function-back coronavirus operation.
00:22:47.040So what you're seeing now is I think they're trying to sort of do a misdirection play and make the controversy over the fact that they were being double-billed, which honestly is reprehensible.
00:22:59.220And by the way, when they bring up the sum of, you know, $1.1 million, you're talking about tens of millions of dollars.
00:23:06.400And even though they just talked to USAID and the National Institutes of Health, that is, again, missing the forest for the trees.
00:23:13.200If you understand the organizations that were involved with the Wuhan Institute of Virology, and particularly the bat coronavirus research, they were also getting money from the Department of Defense, getting money from DARPA, getting money from the DTRA, the Defense Threat Reduction Agency, all of which dabble in this sort of bioweapon, countering weapons of mass destruction area.
00:23:35.380And I think it really is a sensitive nerve of the establishment, because you can't make the case that they were actually engaged in the business of preventing pandemics, because COVID-19 was birthed.
00:23:46.260And if you read the papers, if you read the studies, they were very, very, very keen on targeting research that made these viruses capable of infecting humans.
00:23:56.300There is no such thing as altruistic gain-of-function research, let alone in the hands of the Chinese Communist Party.
00:24:39.360You've been all over this investigation on the laptop from hell about the compromise directly from senior levels of the Chinese Communist Party to the Biden family.
00:24:48.800So there's two concurrent narratives going on here.
00:24:51.740One are the bank records that Comer received from subpoenaing the financial records of three of Hunter Biden's business associates.
00:24:59.540And that is how we derived the $3 million bank record, which was then funneled, like I said, to members of the Biden family beyond just Hunter Biden.
00:25:09.620And they're still keeping that identity under wraps.
00:25:13.200I think I likely will get that name in the near future.
00:25:21.900These records were coming from Bank of America.
00:25:24.000But what's also really important and was released yesterday in a press release for the committee, if people may recall, back in early January, they had been asking the Treasury Department to communicate with them and really cooperate and give them access to the over 150 suspicious activity alerts.
00:25:43.960Whether it was human trafficking, business deals with our foreign enemies like China, like Ukraine, and the Treasury Department had been playing hardball.
00:25:54.720They were really stonewalling this investigation.
00:25:56.680They weren't turning over any records.
00:25:59.340But just yesterday, they agreed to an in-camera review or rather an on-camera review of these documents starting as soon as possible.
00:26:08.900So that's another development that I think we really should pay close attention to because this is now going to allow them to actually get into the nitty-gritty, get the details, get the receivers, what exactly the money was for of these suspicious bank transactions, particularly those coming from Hunter Biden.
00:26:28.280Natalie, how do people keep up with you?
00:26:29.880Social media, where do they go on the site to get to you?
00:26:31.800Natalie G. Winters on Twitter, Getter, Facebook, Instagram, and go to warroom.org for the latest stories.
00:26:43.080We've got an aspect of Jack Posobiec being involved in this, the Julius, the William Shakespeare's Julius Caesar back in the summer of 2017.
00:30:50.880At one point, they were smashing the windows, smashing the doors, just to prevent people from even being able to go in,
00:30:58.000trying to rush the stage, trying to go.
00:30:59.540But this is all before he's even spoken, before he's even said a word last night over at UC Davis.
00:31:03.560But we got to commend the law enforcement, the police that they had there on campus,
00:31:07.900because those guys went in and finally, which is something that I hope that we see across the entire country as we move into 2024,
00:31:15.020and we know that these networks, these Antifa BLM networks are becoming more and more activated as we get closer to the election year,
00:31:23.340this 2024 cycle is beginning, that we need this heavy hammer of a police response to be used in order to defend the public and protect order and public safety.
00:31:36.420And that's exactly what happened last night at UC Davis.
00:31:39.360The Sacramento Bee is a major paper, and of course, the dean or the head of the university, he's an authority figure.
00:31:50.160They were actually pushing this thing about what they said, the smear on Charlie, because he obviously never said that.
00:31:56.860Right. So he never says it. And at one point during the attacks, believe it or not, Turning Point got the Sacramento Bee to retract their statement.
00:32:07.840But just like everything else we see online these days, the same thing that they would accuse you and the war room and me, the New York Times,
00:32:15.760their misinformation reports of, they don't do it.
00:32:19.460So the Sacramento Bee edits their article, but they leave all their tweets up.
00:32:22.940Sacramento Bee reporters are on the ground spreading it that Charlie is out there doing this.
00:32:28.960And then later on, hours and hours and days and days later, they say, OK, well, actually, we retract that.
00:32:33.540But it doesn't matter because they've already used their militant operational arms in Antifa to go and perpetuate.
00:32:40.740Do you think those guys are hearing this? Do you think those guys are hearing that?
00:32:43.260Oh, that was all retracted. And Charlie Kirk never actually said that.
00:32:47.600And Steve, by the way, this wasn't a peaceful event where Antifa had showed up and then people started lying to them like they tried to say January 6th was.
00:32:55.960No, no, no, no, no. This was an event, by and large, that started as an operation against Turning Point USA and against Charlie Kirk.
00:33:03.840They were aided by mainstream media. They were aided by university administrators.
00:33:07.400And this happens, what, one week after that judge was shouted down at Stanford University.
00:33:14.220So we're seeing this again and again, not only throughout California, but actually directly from the school administrators and deans themselves.
00:33:22.980By the way, you know, the superpower of Charlie Kirk and Turning Point, the young men and women at Turning Point, is their courage.
00:33:34.100You guys can, Charlie refuses to back off, continue to do this.
00:33:37.740And there were 900 to 1,000 people inside the auditorium once they hear him.
00:33:42.000James O'Keefe is going to be on Charlie today.
00:33:44.520I think there could be some big announcements.
00:33:46.120So Charlie Kirk follows us right here on Real America's Voice.
00:33:49.320Don't miss it. Charlie's in the seat today.
00:33:50.980He's not taking it. He never takes a day off.
00:33:52.820So make sure you don't miss the Charlie Kirk and James O'Keefe will follow us immediately.
00:41:42.140We've got Texas, California, Arkansas, Missouri, Louisiana, and Arizona.
00:41:46.120We've got different counties in all those states to go completely paper-free, same-day voting.
00:41:52.800This is our ultimate goal with this whole country to be, same-day voting, paper ballots, hand-counted.
00:41:59.120We had a great ruling yesterday, or I guess March 9th, in Texas, we've been fighting.
00:42:06.120We can always use the cast vote record.
00:42:08.200This is what we use to show that there was machine manipulation in every county or in most of the counties.
00:42:14.500Well, in Texas, we've been fighting Harris County since this summer, and they've been going back and forth.
00:42:21.960And Dr. Walter Doherty requested the cast vote records.
00:42:27.640Harris County, Ken Paxson made a ruling, said, yes, you can get them.
00:42:31.920And then Harris County claimed that there was seven bogus reasons not to give the cast vote records.
00:42:37.800Well, once again, Ken Paxson, the Attorney General of Texas, came back and said, no, you need to give them to him, and you need to give them to him now.
00:42:48.300Well, you know, it's kind of like Steve.
00:42:50.620He who has nothing to hide hides nothing, and they're pushing back again.
00:42:54.880So if you're in Harris County, if you're in Texas, you need to reach out to that judge, that county judge and the county commissioner who'd say, hey, give us these records.
00:43:04.580It's crazy that they're hiding something.
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00:45:32.960I just think for people's, you know, we're in March.
00:45:36.860We're the ides of March today, brother.
00:45:40.560We're hurtling towards the primary season, and then we're going to be in the election.
00:45:44.540Is it, in your mind, because you're our field commander on this, is it logical to expect that we can get something done in the next year, the next 12 months, or 15 months, that we haven't been able to do in the last couple of years, sir?
00:46:25.220We have a big election coming up in Louisiana for a governor there, and that's this fall, and we hope to have, I want to have all Louisiana machine-free by then.
00:46:36.820Remember, Steve, the country, the Netherlands, I have met with the Netherlands, the UK, France, Germany, all paper ballots hand counted same day.
00:46:46.640The Netherlands switched over from machines.
00:46:48.840They switched over from machines in about four and a half months, so that was about four and a half months they switched over.
00:46:59.440And so it's very, with our system, it's even better than all the ones that all those countries have.
00:47:05.520So it's going to be an easy process, and I really believe by the 2024 election, with the stuff we have going on, I believe, I got to believe, we got to keep the faith that we are completely computer machine-free of these voting machine companies, and no computers in our elections.
00:47:23.900And we're working hard in every state right now with the Election Crime Bureau.
00:47:26.980Okay, by the way, we're going to try to have somebody on tonight.
00:47:32.920I want to make sure the audience says, hey, you're not spending enough time in Wisconsin.
00:47:39.940This Supreme Court race takes place in early April.
00:47:44.280It couldn't be more important because Wisconsin, right now it looks like Wisconsin, Georgia, and Arizona, you've got to run the tables in those three to win the presidency in 2024.
00:47:54.460Because I just don't think Nevada, Michigan, and Pennsylvania, given the voting situation there, is going to be worked out.
00:49:13.020It's – you know, where did that come from?
00:49:15.240And, you know, so I can't think everybody –
00:49:18.720But do you think – are you implying – are you implying that you think that this came as a political payback for your efforts to make sure the 2020 election is sorted out?
00:49:31.220It's – you know, we've got to get rid of these machines, and all I do is get attacked every day for it.
00:49:35.680And it's the pushback that comes from every bureau, from my phone being taken by the FBI, now the IRS audit, and my company being attacked every single day.
00:49:47.000Steve, it's an all-out assault because – what?
00:49:49.660Because I want same-day voting paper ballot hand-counted.
00:49:52.840And it's our own party that pushes back a lot in these states, too, and it's disgusting.
00:49:59.080But I do want to say before we run out of time, I want to thank your war room posse in the war room.
00:50:04.200You guys have been – you know, it's been a great sponsor of MyPillow and being able for us to be on your show and advertise.
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00:52:27.060Mike, real quickly, how do people get to you about finding everything on the voter situation you're working on, the Elections Crime Bureau, where do they go?
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