Episode 2589: Border Patrol Does Not Have Policy Control
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Summary
In this week's episode of the Market Movers podcast, we discuss the impact of the crisis in Europe, the impact on the global banking system, and the potential for contagion from the crisis. We also discuss the implications for the global financial system and whether the crisis could have a spillover effect on the rest of the world's economies.
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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this 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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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 band
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news out of europe that sparked today's sell-off and the headlines this afternoon that partially
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turned things around cnbc's hugh son is here to explain what's going on hugh why does credit
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suites matter for u.s depositors u.s investors and is it because incidents like this scare the
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whole banking sector and and scared banks lend less hey john yeah there isn't that direct a
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correlation for u.s deposit holders they're actually is my understanding really not uh you
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know wealth management uh you know clients that's more for the europeans uh you know if there's a if
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there's a a presence in the united states it's through investment banking and so if you see the the big
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american banks sell off today that's because you'd be you know uh credit suites has is a global
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financially important uh institution it's got relationships with all the big banks goldman uh jay
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morgan b of a and so if it uh you know it starts to teeter and gets closer to an incident uh then
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you're going to see the the repercussions pass through to the other big global investment banks
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uh it's a developing situation we've had just in the past hour or so the market came back slightly
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i'll say slightly uh here but news that uh the the swish national bank uh could provide credit
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suites with liquidity if need be i guess walk us through what that process could look like and whether
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that shores up the confidence levels for the banking system globally more broadly given the
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fact that things are fragile so morgan the new the headline out of the swiss authorities essentially
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is that they're saying look this is an institution that is well capitalized but if necessary we are
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ready and willing to provide liquidity in other words uh you know their their coffers are open
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for credit suites if it gets closer to an incident however this is not you know this doesn't give me
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the sense that this is the story is ending you know another headline i'd be remiss not to mention
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this bloomberg has just reported uh you know an hour ago first of all that the backstop was in
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discussions and that part ended up being very true very quickly the second part of that is this is
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something that's been talked about for a long time in context of credit suites which is you know
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they're uh you know they're not they don't have the scale necessary they've been flat foundering
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perhaps a you know forced wedding with ubs which is another uh you know uh swiss lender and the
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bigger one uh so a forced sort of uh you know nuptials creating a national champion would be the
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solution the end game for the situation uh that was reported by bloomberg news again this has been
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long rumored and so you know there there are potentially other shoes to drop in terms of this
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story of contagion or what that contagion could actually mean in terms of recession when arguably
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you've seen the market today trading like we're going into a recession well morgan thank you for
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having me so this this whole thing the the banking system's in pretty good shape i mean there's one
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offs and i think that the story out of silicon valley bank has more to do with the excesses over
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the last 15 years that have been built up in the private market and the venture market rather than
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credit as a whole but when you add all this up um we've been in the recession camp for quite a while
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because we follow the money like i like to put aside some of the great academic stuff we do and some
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the formulas and quant programs we make where are you going to get the money the banks aren't lending
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it because the yield curves are inverted this situation is going to make it so they're going to even
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tighten their lending standards further money supply has been negative for the first time post-world
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war ii on a year-over-year basis and the leading economic indicators are at a level that have always
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suggested a recession so i think i think we keep asking the wrong question when we talk about
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is the banking system safe i think it is the question is when you're already at full employment
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and there's been a risk a severe restriction already in money that's probably going to get worse
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okay you still need money um you you heard uh they just need some help they're well capitalized but
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just need some help with liquidity this is an incident uh do they just need a backstop oh we're
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going to put the two largest banks in switzerland ubs and quite a series we're going to merge them
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and then the uh swiss uh the national bank which is the their f their fed the central bank
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they're nationalizing the banks in switzerland trust me this is this is as we say not good the
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banking system is fine what the guy said it's wednesday 15 march year of our lord 2023 it's the
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ides of march james o'keefe is going to uh join us momentarily but i gotta go to dr navara dr
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just set the table we're gonna come back to you uh we have warned about this for a long time
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she used the c word sir contagion has the contagion spread now to the european banks dr peter navara
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yeah steve what we got here so far is we got an american bank failing and the u.s government
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comes in to back it that's sort of stabilizes the market as it trends down and then next we get the
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credit swiss thing and the market market goes it goes down and switzerland the government comes in
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and back stops it what we don't know and cannot know is how many bad banks there are out here and
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here's the thing steve even in the best case scenario a solid bank only has 20 cents on the
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dollar if all the depositors come in at once that's that's how banks work they have reserve
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requirement the problem is is you got all these wild west commercial banks like svb that were
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leveraged to the hilt and as that ripples through the system um bad things uh happen so i you know
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there'll be more to come uh meanwhile um did the rich get richer as i said yesterday and but we have
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a lot of money we have a lot to discuss hang on yeah we have a lot to discuss we're gonna get all
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to that i'm gonna keep but just uh we found out now after the fact and by the way please peter get
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the nomenclature right it's not the government it's maga it's the deplorables this audience
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they're the one they're the backstop yes you're the back thank you they're the one you know i
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apologize for that because that's the only time i'll ever apologize to you in my life steve but
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you're right on that it's us paying okay it's mega yeah okay i just but there's no mega in
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switzerland so you know figure that out hey just we know now that goldman sachs bought the portfolio i
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think before they announced they were being seized and taken over goldman came in instead of selling
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the bank or doing an equi race they actually bought the portfolio it's reported today wait
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for it ladies and gentlemen they made a hundred million dollars on that trade 100 million dollars
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in new york times reports hang over a second i got james o'keefe let's play the cold open for james
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o'keefe i want to go right to o'keefe hellish whirlwind of the last month and then share the announcement
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with our audience well as i said um about three weeks ago i'm starting anew and and we've just
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launched today our new venture we're calling it o'keefe media group omg i've assembled a team of
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some of the top journalists in the world and uh we have our website which should be live it should
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be live actually right now if you just go to okeefe media group.com and what we're doing charlie is
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we're going to be sending cameras into the hands of hundreds of people we're going to be creating a
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citizen army of journalists because so many people have reached out to me over the last month
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after uh what has happened after the pfizer story and all the aftermath so we are going to put these
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cameras into the hands of people and if you go on the website you can subscribe to this platform which
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we're going to be releasing stories as i have but we're also going to be you're going to be able to buy
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a camera sponsor a camera and put it into the hands of people throughout the country as we create
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this army for truth so this website is just launched actually like a few minutes ago so you're getting
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an exclusive well breaking news story charlie on this it's amazing thank you for your support and
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hope people sign up the irony of the acorn story is that it took a 25 year old with a hidden camera
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a few days to do what billion dollar networks and journalists could not do in a decade i spent 14
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years creating the most effective non-profit newsroom this country has ever seen and in paving the way
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to establish citizen journalism i have been defamed arrested raided and ultimately removed from the
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organization i spent so much time developing credibility of i always knew they would try to
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ruin the reputations of those who expose them the pharma giants the three-letter government agencies and
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those who i thought i could trust but in response we are going to build an army of investigators and
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exposers they have awakened the sleeping giant i'm back remaining by my side are a small tight-knit group
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of the most elite journalists in the world exposing corruption requires standing up to power
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because power hates sunlight we are sunlight welcome to the o'keefe media group where we will
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never be shut down because not only do i own it but you own it too support us and sponsor our army
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of journalists by becoming a founding member today james o'keefe this was the dream of andrew
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breitbart to create an army of citizen journalists tell us about it this has been a 14 years in the
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making i think everybody that knows you couldn't be more proud of what you've come through what
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you've achieved what you've done for this country tell us about the next step in your journey
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thank you steve and as you saw i alluded to the acorn story from for 13 14 years ago i don't think i
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could have done this two years ago i don't think i could have done it six months ago but after this big
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pfizer story and me being removed from uh the organization i founded i have seen so much goodwill from
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so many tens of thousands of people emailing me and damning me and saying okay i'm ready now i'm ready
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now to go be part of this army of truth seekers so the vision of omg o'keefe media group is going to
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be to put cameras in the hands of thousands of people everywhere i mean they have awakened a
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sleeping giant with what's happening in this country whether it's the three-letter agencies
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the pharmaceutical companies the banks whatever people everywhere have messaged me including this
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pharmaceutical uh individual debbie from pfizer who came public at cpac when i saw you steve
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just a week ago um it the time is now so we're going to create uber for journalism and we're
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going to have classes on this website teaching people in ethics teaching people in technology
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and primers on the law so that we can get cameras everywhere i wasn't ready for it but now i am
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and we're launching subscriptions on so if you're a supporter of me and you want to sponsor a camera
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whether it's the james bond camera or the cheap camera we have options on the website to actually
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pay for one of these cameras so that we can get it in the hands of our citizen journalist army steve
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okay by the way grace and captain band if we can please push that everywhere and carly bonet if we
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can get that over we want this everywhere everybody see it and i'm really proud that that a real
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america's voice charlie kirk the charlie kirk show broke this today you're also going to be with
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um posobic tonight james you did an amazing job inside cnn others on big media what you did on big
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tech with facebook was breathtaking what you did on big pharma with pfizer is unbelievable as you see
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we started the show we're going to go right back to it after you punch the nation's the banking system
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the financial system supposedly one of america's greatest strength is in total meltdown and nobody
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can get a straight answer will you commit also to this audience that you'll do whatever it needs
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to be done to get to the bottom of this story of what happened to our financial system as only james
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o'keefe and his investigative reporters ken yes 100 percent in fact i've just tweeted out the first
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uh person i'll follow will be a whistleblower from the banking system from the o'keefe media group
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account and i think you know steve the in order to do that we have to be completely fearless and we
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have to have a spine of steel and we have to have integrity and i never really fully understood what that
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word meant until what i went through and you know what i'm talking about steve because you and i've
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had some phone calls and i think it's important for journalists to have integrity it's important
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for us to have a sense of ethics by the way speaking of ethics steve oliver darcy from cnn just texted me
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you may know about him and i just wanted to read this to you because i thought it was
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revealing he said interesting announcement james i'm confused about exactly what your vision is what
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you're launching and i said oliver real journalism can be fun and i said do you want to take one of
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our first courses on journalism ethics oliver at cnn that will be offering on this website and oliver
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responded saying ha how much is that going to run and i said oliver for you it's going to be free
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oh my god trolling is as great as uh posobic by the way james can we keep you i just want to hold
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you through the through the break because i want to ask you about and here's the greatest quality of
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james o'keefe is not his great uh nose for news what's important and where to go not the the
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patience he has to train people and be able to do this uh not the uh the the work ethic which i know
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james now for 14 years it's 24 hours a day o'keefe's greatest virtue is his courage he is absolutely
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fearless and i think if andrew was here today he'd be so proud of what you have accomplished because
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your fearlessness and your courage and i know people draw upon that and depend upon that okay
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short commercial break we've got ben burquams in hidalgo right outside of mccallan where the
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hearing was today on dh dhs blockbuster hearing peter navarre is here the world's financial system
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is in meltdown uh we've got mike davis on the molly coddling big tech okay this is packed uh next hour
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is packed with wall to wall back in a moment with the james o'keefe of o'keefe media group next in the
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okay welcome back um we're gonna get to navarro we got burquam we got clips mtg this is this stays on
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fire and so is your financial system but i want to go back to james o'keeve james two things one people who
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want to volunteer for the citizens army where do they go and then people who would want to donate
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a camera or pay for a camera all that where do they go we want to make sure that we fire up the football
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with a lot of muzzle velocity and you have tremendous signups so so walk through again
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what people are to do and where do they go it's oh the website is called o'keefe media group
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hashtag omg oh my gosh o'keefe media group if you scroll down there you will see um an option to
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subscribe and for a thousand bucks you can actually purchase one of these top of the line cameras that
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i will give to one of the hundreds of people that are reaching out to me that want to wear it
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um steve so and then for 20 bucks you can get subscribed to the website we're actually going
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to be hosting classes on how to do the technology the legal um the ethics ethics are very important
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i think that's what's going to separate us from the pack so you can learn how to be a journalist
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everybody wants to do this now steve it's amazing i've gotten 10 000 emails and by the way today
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we already have a few thousand paid subscribers and 30 000 email subscribers just in the last few
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hours so we're growing and we're in business and we're independent and i own it so there's no board
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directors to kick me out the last question what you've gone through your life's work here they try
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to take for you in the last six weeks or so has that steeled you even more for going forward
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no i would say it's motivated me i would say it's emboldened me i've been through a lot of pain in
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my life i've been raided by the fbi arrested put on house arrest been at two federal jury trials been
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defamed almost as much as you steve bannon but i um i would say that that prepared me for what i just
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went through and i've been through a lot of hell um and defamation however i also have identified the
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people in my life who are the ride or die who are the true believers who are the people that will
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work for free that i've worked for we've all been working in this little war room uh no pun intended
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for the last few weeks um and this volunteer army of just good souls so i would say it's it's it's
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liberated me to borrow a quote from steve jobs the heaviness of the burden that i carried is replaced
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by the lightness of being a beginner again but i'm not a beginner again i have so many hundreds of
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thousands of people that want to do this and now my mission is to equip them and that is exactly
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what i'm going to do um moving forward uh james uh one more by the way people today were saying that
00:19:09.400
twitter they would go to your twitter and they say it was suspended or taken down is that all worked
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out was that just the volume of what your site was that just the volume of people trying to sign up
00:19:17.880
what would you just problems that way you in other words nobody tried nobody tried to de-platform
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you today on your first day out to my knowledge it would i mean who knows what the attacks but
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the site's functioning and we we have 30 000 email subscribers and a few thousand paid subscribers so
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we're in business hopefully that should cover our overhead but we i have 10 journalists on staff
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right now already uh some of the best people in the world doing this and each of those journalists
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is responsible for deputizing a few dozen people with those special cameras all the while we're
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going to train thousands of people we are going to do this steve and i know you i know you believe
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me it's the vision finally come to light it's 14 years in the making as you said uh our my mentor
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andrew breitbart dying march march 1st some 11 years ago and um and i hope he was alive to see this
00:20:05.780
because we're going to make this happen now well he's here in spirit and believe me he would be
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incredibly proud of you incredibly proud james thank you very much we look forward to pushing out all
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your content sir i want to make sure everybody goes to that site and signs up today so thanks
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james o'keefe thank you a true warrior and a great american patriot okay we got a lot of wood to chop
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here navarro let's hit rewind for a second tell folks you've been warning people about stagflation
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you've been warning people about that the overspending you call it a first on the american recovery we did
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need it aggregate demand was back you said it's going to fuel inflation this is biden's inflation
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hit biden spending that drove biden's inflation that created biden bonds that crushed the the
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government securities that now has seeped into the banking system with these unrealized losses
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and it's just like a claymore mine going off what's your assessment of what you saw today
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and what you anticipate uh is is going to happen the fed's in a jam now right they got to let the
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dumpster fire inflation burn and burn up the working class right the most important thing i told you
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yesterday was the consumer price index was hotter hotter than expected and nobody seemed to pay
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attention to that um everybody is now speculating that federal reserve chairman jim ron paul is not
00:21:28.360
going to raise rates higher aggressively anymore because of what's happened now what's curious steve
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is that this week the european central bank faces the same exactly the same decision and they were going
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to raise interest rates by 50 base points because there's a serious inflation crisis going on
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globally and now there's reports in barclay that say they're backing out too so here's the conundrum
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here if there's really an inflation crisis which we know there is and these bank failures are making
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central banks around the world like dears in the headlights skitterish about actually implementing policy
00:22:06.840
at the same time that joe biden has aggressively implemented his own monetary policy by backstopping
00:22:15.180
those reserves we're in for a long long long stagflationary haul it'd be recession and a lot of
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inflation so we don't know what the next shoe to drop is we've got two big ones so far uh but we do know
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that there's a tremendous amount of instability in the world and think about i was trying to get this
00:22:32.840
before the break but the best banks have 20 cents on the dollar okay if everybody comes in at once
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that's the best banks and so what you're seeing now is a lot of stories about how people can protect
00:22:44.820
their money if they have over 250k in cash in banks and everybody's saying well go open new accounts
00:22:51.960
elsewhere and so what you're going to do is you're going to see people leaving these small banks you're
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going to see people juggling money around then that's going to create instability in itself panic
00:23:02.680
always creates more panic so um yeah i've been bearish uh i continue to be bearish um but you
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know again it gets down to the deplorables taking it in the shorts and the rich people making a bunch
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of money on our backs switzerland's switzerland's always been looked at as kind of the the platinum
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crowd for for conservative banking are they in the process right now of nationalizing their banking
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system is that what we're saying they're going to move these banks together let's have the central bank
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i mean is this going to lead to europe and the united states because right now they nationalized
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silicon valley bank is nationalized by this audience this audience is is securing all their
00:23:39.360
deposits which is obviously incredibly unfair what's what's going on with the nationalization
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effort here well look you're right about switzerland's reputation but credit swiss is like
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like the bad preacher's daughter i mean hey they've got like 20 years of history and scandals and the last
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thing they did a few some months ago was lay off 40 of their risk management team so that that's a that's
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a that's a black sheep in switzerland and it may be that that the swiss government um has no choice
00:24:09.020
other than to nationalize and make what they call a national champion because remember switzerland's a
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tiny country right um but you what what i'm concerned about is in the instability in europe this decision by
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the european central bank is going to be important all this stuff ripples through across markets it's
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like it's like if if europe doesn't raise their rates as high as we do our dollar goes stronger we
00:24:34.280
we import more our trade deficit goes very complicated stuff and right now uh chaos steve i think is the
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watchword i think it's important that you know we we look at this kind of every day and see where we're at
00:24:46.300
uh today the market was down again it rallied on a go you know uh a government bailout but but it's
00:24:53.740
it's the bond it's the bond market that's more the stock market is virtually irrelevant it's all about
00:24:57.700
the bond market oh well by the way they can you hang on the war the one warren buffett said when the
00:25:04.120
tide goes down you find out who's wearing the bathing suits i think that's apt in this crisis you know
00:25:09.480
where it is as this thing gets worse we're going to find out who's going to uh who's going to get
00:25:13.740
caught naked and go bankrupt can you hang around given your work on the border with president trump
00:25:18.580
sure a ben burquam did we have ben burquam can we play the clip let's play an opening clip for ben
00:25:22.520
burquam chief ortiz should secretary maracas be impeached should secretary maracas be impeached sir
00:25:30.320
no sir you've served our country as well sir how can you say no when you know he's broken his oath
00:25:35.200
you've had 17 suicides how can you say the morale of border patrol is not has not been affected
00:25:42.500
okay we're gonna go to ben burquam live real america's voice uh indefatigable uh investigative
00:25:50.480
reporter but ben you're in heldago right outside of mccallan what went on today we got clips of mtg
00:25:56.340
later but tell us what was this hearing what happened pretty explosive what did they admit
00:26:01.000
yeah uh uh several things uh the first was that uh chief ortiz admitted that they no longer that
00:26:09.020
they don't have operational control of the southern border he actually said five of the nine uh districts
00:26:14.620
that they oversee they don't have operational control of that is huge that's the first time i
00:26:19.320
believe under oath uh it's definitely the first time that a chief has announced that but i believe
00:26:22.940
it's the first time under oath that anybody in the administration has has admitted to that which
00:26:27.380
calls secretary marcus a liar that that point alone uh means secretary marcus lied under oath
00:26:33.580
which are grounds for impeachment on their own um we also found out he admitted that these are because
00:26:38.880
of policy changes that biden made so president trump's policies and policies before that joe biden's
00:26:44.480
policies directly made america's borders insecure it's not some thing this push-pull factor it's not
00:26:51.760
because there's more push coming from these other countries all of that is based on joe biden's policies
00:26:56.720
and and as you mentioned marjorie taylor green she brought up uh something that nobody knew about
00:27:01.380
in fact i got calls afterwards border patrol agents calling me and high up in border patrol saying
00:27:05.900
we hadn't even heard about this that it's possible that chief ortiz uh was was informed about an
00:27:11.800
explosive and an ied placed on the southern border out in arizona in no man's land which we've reported
00:27:17.480
on many times as a uh as a potential to do potential harm to border patrol there's a lot unknown about that
00:27:24.020
bottom line is it's it just shows either the ineptitude but i i don't think you can claim
00:27:30.100
that anymore this is intentional what's going on under southern border we're being invaded and it's
00:27:34.720
all being done by joe biden this administration secretary marcus and the fact that chief ortiz
00:27:39.820
wouldn't say yes to secretary marcus being impeached uh to me he's not fit for duty
00:27:45.580
uh big news out of uh out of mccallum texas today uh ben burkham's in hedalgo uh we're gonna take a
00:27:53.960
short commercial break we have mike davis we have peter navarro we got mike lindell we're packed we got
00:27:58.980
scott presley in the next hour boris epstein thomas phillipson from the council on economic advisors
00:28:04.580
we are and others we are jammed wall to wall stick around back in the warm in a moment
00:28:09.920
a lot of people complain about the state of our country are the way woke corporations treat us
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that's public sq.com here's your host stephen k bann
00:29:50.580
okay welcome back burquam uh you're live down here doggo just hit that again what did ortiz admit to
00:29:57.620
in this testimony because it's kind of blowing up right now and i know mtg was all over these guys
00:30:02.900
we're gonna play some clips from her what did what did he admit to he admitted that border patrol does
00:30:08.740
not have operational control of the border and he admitted that that was because of policy changes
00:30:13.940
made by joe biden that is huge that's huge okay here's a question you i know under oath my york has
00:30:22.420
said that but as importantly you had not just the democrats but you've had kamala harris and joe biden
00:30:28.500
say this over and over and over again did the chief of border patrol call them a liar today in that in
00:30:34.740
that uh in that hearing he was asked specifically that and he wouldn't say it but uh that's what his
00:30:41.940
testimony alluded to i mean you can't say the you can't say the exact opposite of what somebody else
00:30:47.060
says and and tell you say that in the same breath that they're telling the truth so inadvertently
00:30:51.700
yes he called all of them liars ben hang on a second let's play if denver if you can play the
00:30:57.700
clip let's play i want to play a clip from mtg and i'm gonna jump in here with navarre let's go
00:31:02.340
thank you mr chairman thank you gentlemen for being here today and engaging in this important
00:31:06.900
discussion with us um it's a necessary discussion and again we are outraged and angered that our
00:31:13.460
democrat colleagues didn't see the importance of our national national security and our border
00:31:19.140
security uh even to be important enough for them to get on an airplane and come down here and be here
00:31:24.900
for this hearing shame on them shame on them for not coming and listening to you and engaging in this
00:31:32.100
important discussion about how to protect our country and protect our border um during trump's
00:31:39.460
administration the entire administration there were approximately two million four hundred and thirty
00:31:46.660
seven thousand eight hundred and fifty six alien encounters in that four years during the biden
00:31:53.540
administration to date which is just over two years there have been four point seven million alien
00:32:00.900
encounters um just in his time as as president that is double double it has doubled in
00:32:09.540
just that short amount of time now under the trump administration there were five hundred and eighty
00:32:15.380
one thousand two hundred and fifty seven gotaways during four years during by during the
00:32:21.460
biden administration to date it is one point three million gotaways this is an incredible increase
00:32:30.660
and it is not by mistake or accident we're going to play the entirety of that in the six o'clock
00:32:36.420
hour we're going to play because it gets explosive burquam she was in people's grill is that correct
00:32:44.580
yeah yeah she really was and so were the rest of the people on this committee uh they were they were
00:32:49.620
they were throwing hard balls the whole day and and uh what was exposed today we're going to be
00:32:53.860
unpacking this for a while but it's it's shocking it's shocking revelations that we all knew honestly we
00:32:59.220
all knew the ied stuff though that that was something that i don't think anyone in that room
00:33:02.980
knew about other than ortiz um last thing this i know democrats don't show up to these things but but
00:33:10.820
you have a lot of democrats in places like yuma although it's a republican city and in mccallan
00:33:15.540
are the local community are they insulted that the democrats won't come down and sit in these field
00:33:20.260
hearings whether it's in yuma which judiciary or in mccallan texas with the department of homeland
00:33:25.460
about department of homeland security the committee there in the house are the democrats independence
00:33:29.540
they're insulted that the democrats won't even show up yes the ones that are paying attention steve
00:33:36.100
are are not just insulted they're pissed off their their communities are being destroyed and these
00:33:41.140
people don't even have the nerve the people that are supposed to be representing them don't even have
00:33:44.740
the nerve to come down and sit in the hearing it's it's it's a it's not a slap in the face it's a spit
00:33:49.700
in the face of the hard-working people down here on the border ben hang on one second i want to go
00:33:55.140
dr peter navarra dr navarra people don't realize that you as a manufacturing czar for president trump
00:34:01.700
really were one of his uh right-hand men when it came to the border and what was happening the
00:34:06.500
border because of terrorists because of uh goods going back and forth and most important illegal
00:34:11.940
alien labor coming here and and crushing the working man and woman peter you see what's happening
00:34:17.140
today guy amidst the border patrol they don't have control of the border we don't have operational
00:34:21.380
control you add that on to the 24 straight months of declining real wages i mean the bite
00:34:26.820
administration is is put a target on the back of american working men and women am i correct in that sir
00:34:34.260
steve yes if you remember when we talked about the last jobs report that came out last friday
00:34:39.300
which you could glean from the data was something really really strange which which you had
00:34:45.140
payrolls going up more jobs created than expected but the unemployment rate went up and and most
00:34:52.820
importantly real wages went down and why is that happening it's because and i we know the government's
00:35:00.820
already told us that there's a million steve a million illegal aliens in our workforce fresh off the
00:35:08.660
biden border who are effectively depressing wages but my guess parsing that last report is there's
00:35:16.100
another million they haven't yet counted because there's a data lag so think about this steve we've
00:35:21.140
imported two million people who can't speak much english right and who are poorly educated who are taking
00:35:30.900
the jobs from the black brown and blue collar americans and wages real wages are just going down
00:35:38.260
because inflation's taking a bite out of it and this these two million illegal aliens are bearing down
00:35:44.900
on the workforce so economically this border crisis is is just an absolute catastrophe for the american
00:35:52.260
people i'll you know ben does a great job on on the chaos down there on the on the gangs on the drugs
00:35:58.420
and the crime and i i documented all of that in my immigration report when i did it for president
00:36:04.660
and trump when i was in the white house but right now uh what would you and i talk about what i can
00:36:09.540
do my value added here is going to be a key point now these illegal aliens are popping up right in the
00:36:16.020
economic data and there it's a punch in the gut and a punch in the nose the black brown blue collar
00:36:21.540
americans maga maga is bearing the burden of that border crisis and whether it's the kids in the schools
00:36:29.380
that are getting inundated or the or the parents who are losing their jobs and you add the fact that
00:36:35.540
they're paying for these bailouts it's outrageous uh peter how do people get to your substack and all
00:36:39.460
your content the podcast yeah peter yes steve peternavarro.substack.com peternavarro.substack.com
00:36:48.260
go there it's the hub now for the podcast for the written transcripts of the podcast and
00:36:54.340
it's all up on getter and twitter and true social uh peter navarro.substack.com
00:37:01.860
by the way the podcast is great because you take a topic and even i can understand it so great work
00:37:06.820
dr peter navarro can i say just one thing on that what i'm trying to do with the podcast it's called
00:37:13.460
taking back trump's america what i do in every episode is i look at how elections have catastrophic
00:37:20.580
consequences i look at what joe biden is doing to screw everything up what donald trump would be
00:37:27.300
doing and what donald trump did and it gives you a real contrast between these two uh men who are
00:37:35.700
fighting essentially uh for the 2024 uh election and so i'm hoping that people will better understand
00:37:43.140
maga and better understand the policy issues and how everything that's happening right now is a
00:37:48.900
politician made disaster by joe biden janet yellen jerome powell pete buddha judge these people
00:37:55.700
are clowns steve they're absolute clowns no no and they're dangerous and they're dangerous it's
00:38:00.980
the difference between peace prosperity and order versus war anarchy and chaos that's that's that's
00:38:07.460
what this is that's what this is uh peter thank you very much honor to have you on here all right
00:38:12.500
brother great work yes sir ben one question from here before you punch you've just come from northern
00:38:17.300
mexico we had uh we had uh oscar we had anthony on from el paso juarez tijuana you're on a knife's
00:38:26.100
edge there right now right i mean this is as dangerous as it's gotten and as tense as it's
00:38:31.300
gotten on our southern border sir yeah it is and and by the way steve do you remember today's the day
00:38:38.020
that they are supposed to be that that federal judge's order in in fata florida uh that the all of
00:38:43.300
these paroles these uh voluntary paroles that were coming in that's supposed to end today if that
00:38:49.060
happens if they don't get a stay of that order uh it's going to be an absolute catastrophe down here
00:38:55.460
and again it's by design it's all set up so stay tuned for that as well we're watching that to see
00:39:00.020
what happens ben how did everybody get your reporting we'll have you back on tomorrow but how
00:39:05.380
how do how do folks get all your content and social media a new article up on frontline america.com
00:39:12.340
from that confrontation with ortiz today america's voice.news working on new episodes law and border
00:39:17.460
and then i'm posting a bunch of the interviews that i did from earlier today on all my social
00:39:21.140
media at ben burquam thank you brother appreciate it i want to bring in mike lindell right now by the
00:39:29.780
way is that o'keefe navarro burquam it doesn't get better than that we got mike davis up we've got
00:39:35.140
with thomas phillis up we've got so much good so uh everybody's phones are blowing up today mike
00:39:40.980
every all the media people should know when lindell's on the media is following him because
00:39:44.740
they want to know if the voting is in paper if we're back to paper ballots but it was about i guess your
00:39:50.340
loan the loan you took out at uh at my pillow people people are all over you about this yeah there
00:39:57.220
last year it actually was three separate loans as the as the machine companies continue to sue us for
00:40:03.620
billions of dollars and um we had to borrow almost 10 million dollars at my pillow we're a
00:40:10.100
company we're an employee-owned company i just baffles me steve you've got all these companies
00:40:16.340
are these machine companies out there these voting machine companies that nobody even knew their name
00:40:21.060
before but everybody protects them and yet you attack a usa company my pillow and my employees and
00:40:29.140
it's just disgusting and now the media is piling up let me ask hold on hold let me hang on hang on
00:40:33.940
let me ask have you seen anything in their filings because you've been on have you seen anything in
00:40:38.100
your filings that you sit there and go hey maybe i didn't understand that or maybe i made a mistake or
00:40:43.060
maybe i see their worth or any witnesses that you guys have gotten that have you changed your opinion
00:40:48.740
one iota just from information you've seen in this process has anything gotten you any detail or fact
00:40:55.380
made mike lindell change any any concept at all of of why you're you you continue to pick on the
00:41:02.580
machine companies no in fact it's uh now we got it from 30 different camera angles we have cast
00:41:08.180
full records from all over the country not just the dennis montgomery evidence i had on january 9th of 2021
00:41:14.660
we've got cast full records we've got cyber evidence we've got intrusion evidence if uh steve i was a
00:41:20.340
hundred percent before now i'm now i'm a thousand times a hundred percent i mean it's uh these guys
00:41:26.180
they're guilty guilty guilty you talk about doubling down i'll triple down i'll borrow i told
00:41:32.100
it i said it before anything to save our country we have to get rid of these machines um i want to
00:41:38.260
melt them all down turn them into prison bars and you know that's recycling but and you know it's uh
00:41:43.540
but it's just disgusting what they've used lawfare in our country steve i can't even go and there's no
00:41:49.300
no there's no compromise there's nothing no because you know they're talking about a compromise
00:41:56.740
in ukraine and russia right on the virgin a nuclear war over there there but there's the the situation
00:42:03.060
in ukraine and russia you get worked out you're telling me easier than between mike lindell and these
00:42:07.380
voting machine companies no there's there's nothing to work out these are all frivolous lawsuits they
00:42:13.780
were designed to push it past 2024 they're designed to stop us from getting the pan count
00:42:19.620
and paper ballots same day voting over 50 countries have been taken by the machines last one being
00:42:25.460
brazil and uh they want the u.s they want to take the u.s china interfered in our 2020 election that's a
00:42:33.220
fact and that's that and there's no compromising i've uh i will never back down um steve another thing
00:42:40.260
they've done to me is with lawfare you realize i can't go on your news maxes and fox of the world
00:42:46.900
and talk about my employees and my usa products i can't go on i can do commercials but i can't go on
00:42:53.700
there and talk about that's hurt our business huge you know uh i tell you what let's take a break i'd like
00:43:02.980
you to stay over we got mike davis also mike davis has got as you know mike davis has been trying to
00:43:07.540
slay the dragon of big tech there's news out that uh maybe the republican party is easing off on that
00:43:14.980
also the question for mike lindell when we come back these states where he's fighting for paper
00:43:19.780
ballots it looks like right now his biggest opposition may be the republican party we're
00:43:25.940
gonna take a short break we got mike davis we have mike lindell um i think we're gonna get we got
00:43:32.100
crom carmichael we're trying to jam a lot in we got a ton of guests the next hour there's so much
00:43:36.660
happening today and we're gonna get it all covered short commercial break back in a moment
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okay uh welcome back we got a lot to get through by the way we're all we are going to address the
00:45:50.580
chip roy the great chip roy uh looks like he's endorsed uh governor de santos boris is going to be
00:45:56.420
here in the next hour we're going to talk all about this plus new polling out looks like president
00:45:59.860
trump is is separating from the pack on these nation polls so we're going to we're going to increasing
00:46:04.420
his already already pretty big spread uh we'll get to that uh mike lindell is it in the areas where
00:46:12.180
you're fighting the hardest and have traction correct me if i'm wrong isn't the republican
00:46:16.980
party that is the is like the first it's like the first island defense the first island you know the
00:46:21.620
line of islands we got off of china isn't isn't the republican party the guys not helping you they're
00:46:27.620
actually technically fighting you yeah they're the biggest blockers steve you've got your rassenburgers
00:46:34.020
you've got your robin bosses uh you've got uh um just i could almost name a republican or republicans
00:46:41.780
from every single state they have blocked us um i'm gonna with my election crime bureau we're hoping to
00:46:48.100
get the endorsement of the rnc um so that we won't get you know at least if they don't like what we're
00:46:54.020
doing to get to paper ballots hand counted same day just get out of our way because we're coming
00:46:58.980
through and it is the republican party that has stopped it it doesn't make sense the democrats steve
00:47:05.140
for two decades one of these machines gone two decades and and now of course now that they're in
00:47:10.900
power they're going hey the machines they're okay but they're actually they're just not saying nothing
00:47:15.540
but why if you're a republican it's almost like you raise your hand kind of like the santus did
00:47:21.220
down there when he was hanging out with dominion employees and uh figuring out how to how it make
00:47:26.180
it easier to sue people for defamation well that was disgusting what he did meeting with their uh
00:47:31.940
their lawyers and i call him the trojan horse now ronda santus and what by the way when my guys met
00:47:38.020
with him about machines and voting fraud he left the room as soon as you started talking about machines
00:47:43.700
why does everybody protect these machine companies and attack usa made companies like my pillow i'd be
00:47:50.900
it's beyond belief talk to me talk to me about my pillow talk about particularly the slipper sale
00:47:56.900
and my pillow too yeah we could see we could really use everybody's help as you heard you know we've had
00:48:01.780
to borrow money at my pill it's an employee-owned company we're making big adjustments which will be to
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your benefit everybody watch it 25 we're discontinuing our a line of all season slippers so we're
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we're blowing them out at 25 a pair when they're gone they're gone we also have the my pillow 2.0 it's
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like i said we don't get a lot of hours of sleep around here but we get fabulous sleep because we're
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sleeping on quality quality quality quality sleep that's what we got quite safe uh lindell you're
00:48:56.500
you're a patriot and a hero everybody's got your back you're a patriot and a hero so fight on sir
00:49:00.820
honored to have you on here thank you all god bless thanks brother so davis i mean you were born
00:49:07.980
fighting people can see that you know the red hair the the the square jaw you're born fighting
00:49:12.840
help me i think was the hill just when i get up and i read this article please tell me this is not true
00:49:18.660
uh that the republican party there's a leak and it said i think it's facebook google amazon twitter
00:49:26.020
they're not really going to go after big tech at the highest level and for the biggest antitrust all
00:49:31.460
this other big stuff they're going to lay off it is any truth to that rumor that i think was in the
00:49:35.660
hill newspaper this morning please tell me it's not true uh this is uh this is confirming what i've been
00:49:41.140
saying for three years which is jim jordan has no intention of holding big tech accountable uh the the
00:49:49.100
way you can hold big tech accountable is by updating and enforcing our century old antitrust laws to
00:49:55.260
break up uh big tech's uh monopoly over various parts of the tech market the the bigger the silver
00:50:01.980
bullets is breaking up google's advertising monopoly they own they could they monopolize all three sides
00:50:07.920
of online advertising the buy sell and trade side and that's the key hang i'll get in the detail i'll get
00:50:14.220
in the detail a second but here's what i understand and we're going to hold you through uh to the six
00:50:18.760
clock hour and look there's so many people think so highly jim jordan and i do too he he when i was
00:50:24.960
raised i don't want to be speaker i want to chair judiciary i'm gonna take judiciary down at yuma i'm
00:50:29.000
gonna do these field uh hearings because i really want to chair weaponization it's going to be historic
00:50:34.300
committee help me out here brother davis how can you really get to the heart of the the weaponization
00:50:42.080
of government the the triggering mechanism is big tech right it's not just the the administrative
00:50:47.860
state the administrative state's ally and and actually the weapon they're using is big tech am i
00:50:55.260
do i have that construct wrong sir no i mean you absolutely we saw this we saw this during covid where
00:51:02.340
tony fauci and other covidians colluded with big tech to censor silence de-platform and cancel anyone who
00:51:10.440
dared to question the uh so-called covid science the fauci science uh the science is supposed to be
00:51:17.140
uh an evolving debate there's supposed to be a scientific method senator ran paul a medical doctor
00:51:23.500
and one of our key policymakers in the federal government got censored and de-platformed from
00:51:30.060
youtube google's youtube because he questioned tony fauci and the covidians if google competed
00:51:37.440
against youtube instead of acquired youtube there's no chance to have done that they would have had to
00:51:42.800
compete for users and so that is why anti-trust and breaking up big tech will fix the censorship
00:51:49.420
right there mike mike how can you sit how can you sit through the matt taibbi and these other people
00:51:54.900
how can you sit through the matt taibbi hearing and not know that you have to go after big tech
00:51:59.660
i mean it am i missing it there's got to be a logic to why this is not happening if you're going to
00:52:05.720
have a weaponization of government and get to solutions part a senate you have to go after big
00:52:10.800
tech is is is there anything you and i are missing on this uh it's what i've been saying for three
00:52:18.540
years and that is jim jordan says all the right things he rolls up his sleeves goes on fox news pounds
00:52:25.280
the table uh says he's going to go after big tech says he's going to go after the deep state he's not
00:52:30.860
he's a performance artist uh you know i i i've i've done this stuff i worked on this uh for for
00:52:36.840
senator chuck grassley the chairman of the judiciary committee i held 30 hearings 41 uh debates and votes
00:52:43.180
uh i i i was in i was in the fight i know how to do oversight jim jordan is a uh he's a showman
00:52:51.200
she's not a worker okay um if you can hang on i'd like to hold you through to the beginning of the
00:52:58.140
next hour take a couple minute break i got davis we have thomas phillipson from president trump's
00:53:02.960
economic council talk about the meltdown scott presler on how we're going to win in 2024
00:53:07.800
boris going to be here on the polling all of it and more stick around we're going to be back for the
00:53:12.820
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