Episode 2592: The Lies Of Yellen
Episode Stats
Words per Minute
172.92944
Summary
In this episode, we look at the impact of the First Republic bank crisis, and what we need to do to prevent a repeat of it in the future. We also discuss the role of the Fed in the crisis, the role the Fed has played in the past, and the role that the Fed should have done to prevent the crisis in the first place.
Transcript
00:00:00.000
this is the primal scream of a dying regime pray for our enemies because we're going medieval on
00:00:09.980
these people here's not got a free shot all these networks lying about the people the people have
00:00:16.580
had a belly full of it i know you don't like hearing that i know you try to do everything
00:00:20.340
the world to stop that but you're not going to stop it it's going to happen and where do people
00:00:23.920
like that go to share the big line mega media i wish in my soul i wish that any of these people
00:00:31.740
had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
00:00:39.680
country this country will be saved war room here's your host stephen k bann
00:00:46.940
no prudential regulation should have caught this i think we most of us have all seen it's a
00:00:55.620
wonderful life question i have is who was playing the role of mr potter i think there were some
00:01:01.140
bad actors in the vc community who literally started to spur this run by virtually
00:01:06.980
crying crying fire in a crowded theater in terms of rushing all these deposits out
00:01:13.860
so stephanie where do we stand in this as first republic you know really at risk we see the
00:01:22.060
contagion overseas at least in terms of credit swiss which is a bank that has been in trouble
00:01:26.340
in you know on other issues before where do you think we are so all of mark warner's points are fair
00:01:33.840
jenny ellen's not going to have an answer for any of them all of that has to get investigated the vcs
00:01:39.320
he's talking about taking to twitter to possibly uh exacerbate the bank run what the regulators are
00:01:45.080
doing that's over here separately what's happening with banks like first republic and other banks
00:01:50.420
here we are seeing some of these smaller and mid-sized banks definitely face a crunch whether
00:01:55.300
it's they've had deposits removed or they are also dealing with the fact that rates have gone up
00:02:01.220
what's happening with credit swiss is somewhat of a different situation but the interesting thing is
00:02:05.660
credit swiss today people are all sort of breathing this huge sigh of relief they've gotten this
00:02:09.780
50 billion dollar injection from the swiss national bank but here's the real problem for credit swiss
00:02:14.780
great they have that money what are they going to do with it credit swiss's real problem is that
00:02:20.060
their only real viable business is managing super wealthy people's money and people have been pulling
00:02:25.840
their money from credit swiss for the last few years they're not going to suddenly make that up in the
00:02:30.600
next few months the real issue around all of this is what's going to happen with the fed next week is
00:02:36.600
the fed going to take a pause because rates being where they are and now this kind of credit crunch
00:02:42.200
that we're in lending is going to get a lot tighter liquidity is going to get more difficult we're in for
00:02:48.180
a slightly rocky road um people keep talking about this rolling back of dodd frank in 2018 part of it
00:02:55.160
whether it was a good or a bad idea and there's all this political finger pointing there's one important
00:02:59.580
thing to point out had the full dodd frank still been in place today silicon valley bank would have
00:03:08.420
passed the stress tests and i think there's this general idea out there more regulation versus less
00:03:14.060
regulation what it is is smart regulation and actually implementing it and the point jillian just
00:03:20.060
made about the fiduciary responsibilities of all those vcs is a really important one that i think is
00:03:25.860
getting lost kind of in translation the ceo of silicon valley bank did something highly unusual that was
00:03:33.000
a massive mistake he got on a conference call with all of their customers and basically said and i'm
00:03:39.160
paraphrasing uh we had this loss guys but we've been there for you for a long time please keep your
00:03:45.420
deposits and be there for us he was clearly skittish and had all of those customers not pulled their
00:03:52.560
money out they could then be sued by their investors saying hold on a sec you were just given you were
00:03:57.940
saying the seat to the ceo i got your back and now our money's gone the point jillian stephanie rule
00:04:03.180
used to be an investment banker so she knows more but it's all pure narrative with her until the truth
00:04:09.840
breaks out and uh she's quite smart and there she she um disaggregates a lot of the misconceptions of
00:04:16.800
what happened here uh we're going to get more into that uh in the show uh first republic looks
00:04:21.980
like he's been saved a consortium and and remember there this is all a ponzi scheme i just want you
00:04:27.280
to make sure understand that you are backstopping this don't let anybody lie to you we'll play yellen's
00:04:35.180
to some of yellen's testimony later uh they're lying you are the backstop the swiss uh bank national
00:04:41.500
bank uh bailed out credit suisse yesterday and that's because um uh the swiss citizens are
00:04:48.160
and here you have these 11 huge banks are coming to the rescue of first republic not not straighting
00:04:54.640
out as business model or not straighting out the the basic problem which is the biden bonds
00:04:59.200
and the biden inflation which is going to continue on and you've got the federal reserve and by the
00:05:04.040
way do we have her comments on the federal reserve i think later in that show is that it because
00:05:07.800
she has some great comments on the federal reserve you just got to pull um have a an incredibly tough
00:05:13.220
incredibly tough decision next week where they go for inflation if you go for inflation try to
00:05:18.640
throttle it down so working class people don't get crushed the bonds are going to get in more shape
00:05:23.240
these government bonds boom bigger unrealized losses and remember we still don't know if there's
00:05:28.960
only 600 billion or over two trillion nobody is sitting there and being straight and quite frankly
00:05:34.160
the yelling thing today was not particularly illuminating i didn't think uh we've gone through
00:05:38.940
a lot of the the q a we've got a couple polls for later so like going first republic looks like it's
00:05:43.800
been saved it's kind of a cash infusion but it's maybe deposit transfers hey i tell you what they're
00:05:50.340
not buying they ain't buying the guy they're not buying first republic's bonds and they're not buying
00:05:54.040
stock okay they're infusing it with capital and this is the federal reserve putting the whip hand out
00:05:59.180
to say you got to help save this bank because first republic's got i don't know 70 billion dollars
00:06:03.920
of uninsured deposits bottom line you're guaranteeing all these deposits that's what they're doing right
00:06:10.600
now and whatever the risk profile is the risk profile is so uh the system lasts for another day
00:06:18.160
but we're on a nice edge globally and particularly here in the united states we've got a lot to get to
00:06:23.580
of course a bombshell dropped and it's now been verified we got todd benson here i want to go to
00:06:29.360
ben burquam on the border let's let's play i want to i want to play the i want to play this short clip
00:06:34.200
of ben with ortiz we're gonna go to ben on the tinderbox of our southern border and then we got todd
00:06:39.720
benson with big news here uh let's let's play for ben burquam chief ortiz should secretary marcus be
00:06:46.220
impeached today should secretary marcus be impeached sir no sir you've served our country as well sir
00:06:51.780
how can you say no when you know he's broken his oath you've had 17 suicides how can you say the
00:06:58.480
morale of border patrol is not has not been affected okay we have uh ortiz admitting that we
00:07:07.540
don't have operational control of the board of ben burquam real america's voice let's see a reporter
00:07:11.800
ben where are you you're kind of the railhead of all of it are you not sir
00:07:15.440
yeah steve i'm in a very unique spot i'm as far east as you can go down the rio grande river on the
00:07:23.520
u.s southern border where it meets the gulf of mexico to my right is the gulf of mexico
00:07:29.080
in the behind me that is mexico and i just want to show this uh real quick as well you can even see
00:07:36.460
spacex off in the distance here so this is a it's a very unique spot and one thing to chief ortiz the
00:07:47.500
thing that that that is unconscionable is the fact that gulf cartel sits across across the river
00:07:54.920
every single day and sends people across illegally and sends them up the beach they send them across
00:08:01.940
to san padre island the gulf cartel has operational control of where i'm standing right now not our
00:08:08.580
border patrol and it goes right to secretary mayorkas it goes right to joe biden and right to chief ortiz
00:08:14.060
how how uh tense is the situation you're you're going up and down these camps now we've had uh anthony
00:08:23.260
from el paso aguero we've had uh our oscar blue from tijuana so you're covering the pacific all the way
00:08:31.320
to the gulf you guys have done it the the real america's voice team how is it can you cut the
00:08:37.500
tension with a knife when you're in these camps about these tens of thousands hundreds of thousands
00:08:42.900
of people waiting to come into the united states feeling they have the right to come in the united
00:08:47.180
states because joe biden has invited them every single one of them believe that the borders open
00:08:53.800
every single one believes that they have a right to come in that i've spoken to
00:08:57.460
and when i'm speaking to some of these people like we did in matamoros this morning who've been
00:09:02.340
waiting there for four and five months uh you better damn well believe this is a tinderbox ready to blow
00:09:08.020
it's like a a flood flowing down to a dam and the holes are starting to pop out of that dam that's
00:09:14.440
what's happening because as as this continues to back up on the southern border on the mexico side
00:09:19.980
and people are told just wait wait wait what's happening is we have tens of thousands more coming
00:09:24.700
through the darien gap as we speak coming up to the border and expecting to come in and again we're
00:09:29.620
talking about millions that have already come across
00:09:31.480
ben hang right there let's go to todd bensman todd it's kind of unbelievable news but i guess they're
00:09:40.680
trying to cover this by saying the federal court's making making them do it walk us through what the
00:09:45.440
biden administration's decided to do with this uh ruling that you've been covering intensely in the
00:09:51.460
federal court in pensacola florida the pensacola court vacated the biden administration's
00:09:59.480
parole humanitarian parole plus uh adt alternatives to detention program uh the biden administration
00:10:08.860
this morning was expected to and they gave him a week to end it which was yesterday the biden
00:10:14.740
administration was expected to appeal that uh to the 11th circuit and then it would have gone
00:10:19.940
straight to the supreme court but in a kind of a surprise move they did not appeal they gave a
00:10:25.920
notice we will not be appealing that uh and so i just want to point out that this is a preliminary
00:10:31.800
analysis of it from what i've been able to put together in the last few hours is that uh what they
00:10:38.760
will do instead now is just alter their policy tweak it just enough so that they can say we've met the
00:10:47.640
conditions of the judge's ruling and then let it let it continue what that is uh is that they'll move
00:10:55.140
from alternatives to detention like that the ankle monitors and every we all know about the cell phones
00:11:01.000
handing out the cell phones and these are alternatives to detention while you're waiting
00:11:06.060
for a check-in uh at at some ice office in akron ohio or wherever you you end up uh and now they're
00:11:15.380
they're they what i'm hearing that they'll do is just shift that to notice to appear which is just
00:11:22.040
a different way of saying this of doing the same thing okay uh that's my understanding so that uh just
00:11:29.020
the same numbers of people will pour through but it kind of threads the needle around what the judge
00:11:35.140
said but how did this but hang up but but the judge threw all this out how can they still even do
00:11:40.140
humanitarian appeals i mean his ruling eviscerated their gaming of the system how can they just make
00:11:46.280
small tweaks and get around for that won't the judge say this this they've got to go back to the
00:11:50.840
judge and they have to go back to the judge and and basically lay out how they're going to have these
00:11:56.100
changes correct is this not going to he's just not going to implement them this this is not get back
00:12:00.460
this is legal swordsmanship going on here uh and we'll see what happens but you're right i mean
00:12:08.140
what the judge actually vacated was humanitarian parole which is supposed to be issued on a case-by-case
00:12:15.620
individualized basis uh and adt together those two things together uh and you know they a couple
00:12:25.200
months ago they gave 130 okay i've had i've had i've had lawyers check this look at it he vacated
00:12:31.920
these how can how can they now say they're going to um they're going to do it and won't the florida
00:12:36.200
ag just go back in and say no this they're just trying to play games here because from from the
00:12:41.380
pacific ocean all the way to the where ben burkham standing all 2 000 miles of the southern border
00:12:46.520
you have hundreds of thousands of people now ready and they're all waiting for the app on the
00:12:51.260
humanitarian parole a federal judge has said that's not operative anymore he's vacated that
00:12:57.240
in the biden administration it looks like they've accepted it why are you hearing they're just going
00:13:01.240
to do some tiny changes think they can get away from the florida ag is not going to settle for that
00:13:05.080
well there are two things one is that the judge's ruling that the letter of the ruling uh seems to
00:13:12.820
have paired adt with the humanitarian parole although the judge thoroughly condemned both of them
00:13:20.180
individually uh but but the actual vacated uh vacated policy is those two things together this
00:13:27.360
is the way it's explained to me and that uh they could avoid having to take this to have the supreme
00:13:33.960
court uphold the judge and they would and the circuit court uphold the judge and they would by just simply
00:13:40.440
switching to something other than adt so uh we haven't heard yet from the biden administration how
00:13:47.860
they're tweaking this uh or what they're going to do exactly they understand the okay hang on a second
00:13:53.660
they know they're wrong on the law they're not going to go to appeal they understand it looks bad
00:13:57.840
you lose an appeal it looks bad then you take the supreme court you lose you're done you're finished
00:14:01.840
right that you've gone and they don't want to do that so they're going to play games i tell you what
00:14:05.740
todd if you can hang ben please hang i'm gonna get seb gorkin here on on on president trump's just
00:14:11.860
made a major release on the third world war i want to get play trump i get seb and i'm gonna come back
00:14:17.200
we're gonna go back to the border we're gonna go back to todd bensman that's been all over this
00:14:21.060
todd bens remember told us six months ago he said hey there's something happening down in pensacola
00:14:25.740
federal court that could actually be a like a thermonuclear weapon in this entire invasion on
00:14:31.240
the southern border we're gonna get to todd uh todd bensman's with us from cis center for immigration
00:14:37.520
studies we got the one and only indefatigable ben burquam he's down right there where the golf cartel
00:14:43.400
kind of starts right the gulf of mexico in the beginning of the rio grande uh river uh sept dr
00:14:48.440
gork is going to join us president trump's has put an incredibly powerful video these series of
00:14:53.560
policy videos we're gonna play it and get into it all next in the war room buy gold and get a free
00:15:00.560
safe to store it in that's right on qualifying purchases from birch gold group now through march
00:15:06.360
31st they'll ship a free safe directly to your door just text bannon b-a-n-n-o-n to 989898 to get
00:15:16.980
your free info kit on gold and to claim eligibility for your free safe here's the deal the fed keeps
00:15:24.240
raising rates because it's the only tool they have to keep inflation under control and guess what it's
00:15:29.360
not working you can't spend your way out of inflation you've seen the impact on the stock market
00:15:34.800
you've seen the impact on your savings hedge inflation by owning gold let me repeat that
00:15:39.960
hedge inflation by owning gold whether physical gold and silver in your own safe or through an ira
00:15:47.060
and precious metals where you can hold real gold and silver in a tax sheltered retirement account
00:15:53.720
birch gold has a a-plus rating with the better business bureau and thousands of satisfied customers
00:15:59.480
text bannon to 989898 for your free info kit on gold and to claim eligibility for your free home safe
00:16:07.880
by march 31st on qualifying purchases again text bannon to 989898 ever been closer to world war three
00:16:19.220
than we are today under joe biden a global conflict between nuclear armed powers would mean death and
00:16:27.300
destruction on a scale unmatched in human history it would be nuclear armageddon nothing is more
00:16:36.180
important than avoiding that nightmare we will avoid it but we need new leadership every day this proxy battle
00:16:44.400
in ukraine continues we risk global war we must be absolutely clear that our objective is to immediately
00:16:54.240
have a total secession of hostilities all shooting has to stop this is the central issue we need peace
00:17:04.060
without delay in addition there must also be a complete commitment to dismantling the entire globalist
00:17:12.140
neocon establishment that is perpetually dragging us into endless wars pretending to fight for freedom
00:17:19.800
and democracy abroad while they turn us into a third world country and a third world dictatorship
00:17:28.400
right here at home the state department the defense bureaucracy the intelligence services
00:17:35.000
and all of the rest need to be completely overhauled and reconstituted to fire the deep staters
00:17:42.660
and put america first we have to put america first finally we have to finish the process we began under my
00:17:52.280
administration of fundamentally re-evaluating nato's purpose and nato's mission our foreign policy
00:17:59.600
establishment keeps trying to pull the world into conflict with a nuclear armed russia based on the
00:18:06.240
lie that russia represents our greatest threat but the greatest threat to western civilization today is
00:18:14.240
not russia it's probably more than anything else ourselves and some of the horrible usa hating people
00:18:24.280
that represent us it's the abolition of our national borders it's the failure to police our own cities
00:18:32.320
it's the destruction of the rule of law from within it's the collapse of the nuclear family and
00:18:38.960
fertility rates like nobody can believe is happening it's the marxists who would have us
00:18:46.980
become a godless nation worshiping at the altar of race and gender and environment and it's the
00:18:54.380
globalist class that has made us totally dependent on china and other foreign countries that basically hate us
00:19:01.460
these globalists want to squander all of america's strength blood and treasure chasing monsters and
00:19:09.760
phantoms overseas while keeping us distracted from the havoc they're creating right here at home
00:19:17.100
these forces are doing more damage to america than russia and china could ever have dreamed
00:19:23.020
evicting the sick and corrupt establishment is the monumental task for the next president and i am the
00:19:30.980
only one who can do it i'm the only one that can get the job done i know exactly what has to be done
00:19:36.380
a populist war cry uh i think it's pogo the cartoon we have met the enemy and they is us
00:19:45.320
it's the administrative state uh versus uh the russians or even i guess the chinese communist party
00:19:51.280
don't know if i totally agree with all that but definitely the administrative state president trump
00:19:54.800
throws down hard and there is that is one uh fire-breathing populist message today uh poland
00:20:02.540
it kind of broke with nato our allies in poland who have really been the guys who stood with us the
00:20:06.740
the most or among them the polls are saying they're going to ship looks like f-16 fighters
00:20:11.920
to ukraine uh which will be what i call an escalation also a lot of controversy about the reaper drone
00:20:19.500
uh that was taken down by the russians over the black sea we've asked dr seb gorka to join us
00:20:25.220
dr gorka you were in the white house you were senior strategy officer for president trump break down
00:20:31.580
uh his um his uh uh talk right there i really support these policy talks we supported from the
00:20:38.940
beginning thought that president trump ought to go after people leave the personality aside
00:20:43.360
and even the hill newspaper day go on my getter account the hill newspaper said
00:20:47.640
one of the reasons trump is getting traction he's going out he's going he's putting policies out there
00:20:53.700
and you're exposing people as neoliberal neocons dr gorka your thoughts and observations sir
00:20:59.580
uh just first things first on poland it's a mig-29 so it's soviet-era aircraft it's not f-16s but
00:21:06.880
with regards to this video steve isn't isn't this why we elected president trump
00:21:11.160
i mean this this is in part why we elected him it's the end to the dumb wars the forever wars
00:21:17.440
and to have national sovereignty and to seal our borders and you know if the hill if the hill
00:21:23.400
that hates the hobbits hates the base hates america first is writing that well that's quite quite a
00:21:30.240
metric and i have to uh commend those who scripted this speech who uh prepared it for the president
00:21:36.340
because not only is it to the point it's attacking the globalists it's talking about world war three
00:21:43.180
on the brink and turning us into the third world at the same time it's concise steve it's short it
00:21:50.500
gets to the point it pulls no punches and then of course the most important thing of all and it took
00:21:56.160
me back when i when i used to teach grand strategy to the to the offices and to the uh people who were
00:22:01.980
part of the national security establishment in dc first class of the semester i'd go around the the
00:22:08.440
class and ask everybody tell me what the primary threat to america is just to engender debate get
00:22:15.400
the intellectual juices flowing and we'd go from you know china to iran to isis or whatever have you
00:22:21.440
one time one time this is long before president trump ran i had a student say we are the problem
00:22:30.260
america is the problem the uniparty out of control spending like drunken sailors an elite that hates
00:22:36.900
the nation that it is leading and there you have it president trump is right i mean look we've got to
00:22:41.800
add china into the mix if we're talking about external threats the number one is china absolutely i learned
00:22:48.940
that from you and from what we read in the white house in those daily presidential intelligence briefings
00:22:55.000
but when it comes to the the imminent the five meter threat steve in the history of of civilization
00:23:02.920
a nation has never survived being run by people who hate the nation they are running and that is
00:23:10.560
the situation we find ourselves in whether it's biden the dnc whether it's aoc blm antifa these are
00:23:18.740
people who detest everything that america stands for and that cannot be allowed to long stand so the
00:23:24.720
president is right we've got to stop world war three from occurring and we've got to take on the
00:23:29.660
domestic threat steve uh it's metastasized since then but i want to go back because you're probably
00:23:36.640
one of the few guys that that can talk intelligently about this on 10 september of 2001 the day before
00:23:43.000
at 9 11 um the um um don rumsfeld had the meeting everybody came back from labor day he had worked on it
00:23:51.580
over the summer the first year of the bush administration and he gave a talk to the
00:23:55.840
senior guys in pentagon said uh the number one problem we have the number one ever we have is
00:24:00.960
this bureaucracy no the administrative state of the national security state and he says we need a
00:24:05.480
revolution in military affairs a revolution in military affairs now 20 years later 20 some years
00:24:12.000
later we have almost a trillion dollar uh budget and we've lost two wars let's be honest we didn't
00:24:17.540
win in iraq we didn't win in afghanistan and we're in another situation in ukraine what was we got a
00:24:22.300
couple minutes what was rumsfeld talking about and was his difference in degree not in kind about what
00:24:28.320
president trump's talking about um i think both i think degree and kind because look at the end of
00:24:34.460
the day dominant rumsfeld uh was a wonk okay he'd already been secretary of defense 20 years previously
00:24:41.500
and he showed such hubris after he left that office in that long interview he did for gq or vanity fair
00:24:49.800
or whatever it was where he showed no no compunction no regret for invading iraq so this is a guy whose
00:24:56.720
ego knew no bounds but he was right when it came to the bureaucracy but right now steve it's much worse
00:25:01.940
than that because we have to come in and we have to dismantle it day one this is a warning to president
00:25:07.200
trump and anybody else who serves in his second administration if we do our part if we don't
00:25:12.440
swingingly dismantle the deep state the permanent unaccountable bureaucracy in the first three weeks
00:25:20.320
of the administration forget about anything else i don't care the way i don't care whether the border
00:25:25.600
is the issue for you uh whether china whether the the debt ceiling or anything else if we don't stop
00:25:33.660
those who aren't elected from controlling this nation everything else is pointless so this has
00:25:39.600
to be planned right now i know cash patel has got a book he's trying to publish where he names the names
00:25:44.860
and he has a plan but i don't see requisite action coming out of the mago movement we we have to have
00:25:51.600
the plan now not yesterday now and we have to say yes dod 50 cut cia 70 cut office of director of
00:26:00.760
national intelligence done away with fbi moved out of dc this has to be solidified now steve
00:26:08.180
otherwise forget about it i think president trump is giving you a mandate to do it because he said
00:26:14.580
hey i'm gonna take on the administrative state first we're gonna get these wars real quickly
00:26:17.960
let's go back to poland you know president trump never thought nato pulled its way he thinks it's a
00:26:22.660
vassal state the eu is and and it's a protectorate not an ally we got a minute uh is this an escalation
00:26:28.860
of sending the mig 29s if they're sending combat aircraft to ukraine is that a major escalation
00:26:33.520
uh i would say from the point of view of the poles it's it's survival this is remember the
00:26:40.120
nation that thanks to molotov riventrop uh suffered five million deaths five million deaths in world war
00:26:48.220
two squeezed between the third reich and stalin's soviet union so they're not they're the next state
00:26:54.280
if if ukraine uh in toto falls next it will be poland and they're not prepared to do that so
00:27:00.060
they're giving soviet air equipment to the ukrainians to help themselves it's not an escalation in terms
00:27:05.760
of polish nato troops on the ground fighting russians although i'm sure our polish brothers
00:27:11.380
would be happy to do that but no they just don't want to be the next nation to fall so the the poles
00:27:16.700
are tough guys they know the stakes involved this is their right to make this decision but we have to
00:27:22.400
admit you know it steve from your time in the white house poland was one of the few one of the few
00:27:28.440
serious nato nation states and they they consider continue to be so yeah yeah uh how do we get all
00:27:35.380
your content content dr gorka just my name's seb gorka on all the platforms uh twitter truth social
00:27:42.840
facebook the substack is sebastian gorka one word dot substack.com the website is sebgorka.com
00:27:49.800
uh we're on rumble we're just plug in my name you'll find me spread the word and uh let's take
00:27:56.840
back this nation because if not us no one will dr gorka will be the tip of the spear with president
00:28:04.840
trump going after the administrative state short break we're gonna go back to the border we got
00:28:09.160
boris on polling dave walsh here on energy all next in the world americans have had it they're done
00:28:17.380
supporting companies that rake in hundreds of millions sometimes billions of dollars while
00:28:22.540
trashing the country that made their success possible until recently we had to take it but
00:28:28.500
companies like patriot mobile are building a whole new economy one which embraces the values that made
00:28:35.820
america the greatest country on earth patriot mobile america's only christian conservative wireless
00:28:41.680
provider offers dependable nationwide coverage on all three major networks so you can get the best
00:28:48.060
possible service in your area plus they offer a coverage guarantee if you're not happy with your
00:28:54.420
coverage you can switch to a different network for free without changing carriers all this plus the
00:29:01.300
knowledge that you are supporting free speech the sanctity of life the second amendment in our military
00:29:07.820
and first responder heroes their 100 u.s based customer service team makes switching easy just go to
00:29:14.880
patriot mobile.com slash bannon that's patriot mobile.com slash bannon or call them right now at 878
00:29:24.980
patriot that's 878 patriot get free activation today with the offer code bannon we need to stand together
00:29:33.340
and support companies that share and support companies that share our values remember stop giving monies
00:29:38.580
to companies that hate you support the patriot mobiles of the world that's patriot mobile.com slash bannon
00:29:46.400
or call 878 patriot here's your host stephen k bannon
00:29:52.580
okay um welcome back we're gonna get to boris in a second i want to finish with todd todd
00:30:01.480
this seems monumental but it's not being covered by virtually it's being covered by virtually nobody
00:30:06.960
how could we've had this ruling the biden ministry which basically vacates the things they're using to
00:30:12.420
use these tools to to subvert the asylum process invade the southern border and one of the reasons i want to
00:30:19.040
have been on ben and the team have been from the pacific now to the gulf and i'm telling you it's
00:30:24.540
a tinder box down there there's hundreds of thousands of people the more coming in i think they have a right
00:30:29.260
to come here and the only thing they think's holding them up is some miss uh a uh a uh a app that's not
00:30:37.140
working on their cell phones that's what they think so what does your intelligence tell you where does
00:30:42.860
this head now uh about the practicality of what the biden regime is going to do
00:30:48.000
having a few technical difficulties here at home but uh to answer your question uh what what we need
00:30:56.860
to look for next is the policy that the biden administration claims will replace the adt parole
00:31:06.140
memo that supposedly was vacated i'll be very interesting interested to see that i believe it's
00:31:14.220
going to be uh something that's very similar and so therefore in the immediate term we might not see
00:31:20.100
any change but ben is down there right now and what he's seeing uh is something that i've also reported
00:31:27.180
which is that there is an increasing uh impatience with waiting in line the lines are getting longer and
00:31:33.660
longer and we're starting to see them peel off and cross the border and run for it all over the place
00:31:40.580
uh from one end of the border to the other uh and so i think that even without this you're going to
00:31:46.620
start to see uh increased numbers of people that are just pissed off they're cha they're they're bonsai
00:31:53.820
charging the international bridges over the weekend those are all people that are not wanting to wait in
00:31:59.900
line for two or three or four months uh so i think that the cbp one program is going to implode on
00:32:07.040
itself even without uh a federal court ruling but here's i just want to make sure the audience
00:32:14.900
understands something that they don't want a couple months this is a gaming system it'd normally be years
00:32:20.160
it just never happened you now have hundreds of thousands of people that believe they have a right
00:32:24.840
to come into this country and you're right they're they're they're getting it's it's getting dicey
00:32:29.500
down there and they're just not going to go down there and say hey you know what there's they actually
00:32:34.100
misinterpret the law everybody go home right everybody go home that ain't going to happen so i'm telling you
00:32:41.040
this is the biden regime has has gotten this let me go to burkwam quickly i gotta get boris in here
00:32:45.760
boris uh ben if you if you walk into those camps that you've been doing and just tell people hey upon
00:32:51.400
further review a judge in florida threw it out and it's not operational and you've all got to go
00:32:58.240
back to where you came from tell me what's going to happen brother well it's a massive not everything
00:33:05.000
that todd said i believe is exactly right but on top of that it's a massive windfall for the cartels
00:33:09.740
who are already raking in billions of dollars because all they say is hey stop waiting pay us we'll send
00:33:16.220
you across and what we're going to see is what i just saw with lieutenant casas in la jolla we're going to
00:33:21.220
see more pursuits uh more rollover accidents more death on the border and the cartels are going to
00:33:26.220
make the money and it wouldn't even surprise me if the cartels were behind some of this implosion
00:33:30.160
to to get more of the money the big thing and i'm going to keep saying this the investigations that
00:33:34.180
need to happen now are who in the united states government are paid off by the cartels that's that's
00:33:39.780
where we need to focus our effort uh but in the in the short term it's only going to get worse
00:33:44.340
uh in in orders of magnitude ben burquam how do people where did they get to you on social media
00:33:51.340
to find up find all your reporting uh at ben burquam i just posted a six minute video from inside of
00:33:59.180
that camp i actually interviewed one guy from mexico who had been deported he's also using and
00:34:03.620
speaking of todd bensman's reporting uh confirmation that mexicans are also applying through the cbp1
00:34:09.000
application as well uh that's on my at ben burquam twitter twitter everything else on social media
00:34:14.500
will be up uh in the next few minutes when i get back to service and then at frontline america.com
00:34:19.580
and americasvoice.news of course ben fabulous work thank you very much stay safe he's down there in
00:34:26.740
the danger part now thank you sir by the golf cartels and those in those camps uh todd we'll come back to
00:34:32.600
you um what you're saying is that there's still games being played they don't go to the appeals court
00:34:37.420
they don't go to the supreme court they know they would lose on the law we're pretty clear on that
00:34:40.540
is there any doubt in your mind they know they will lose on the law right now no doubt in my mind and
00:34:45.400
i want to point out that the pensacola lawsuit was one of two think of it like the nukes that were
00:34:51.460
used on japan you had the uh fat man and uh little boy well this is little boy there's fat man still
00:34:58.800
coming down the pike 20 states have specifically challenged humanitarian parole on its own as well as
00:35:07.080
everything else that they're doing 20 different states so one way or another the courts are going to
00:35:12.720
decide this uh you know and end it they're going to end it at some point uh if the immigrants don't
00:35:20.140
end it on their own which i think they are already starting to end it okay yeah but they're i mean they're
00:35:26.320
going to come across they're not going the cartel there's no chance those hundreds a hundred percent
00:35:30.800
they're going to come across a hundred percent they're going to come across no doubt about that
00:35:34.000
you think the border's been a fiasco it's not you ain't seen nothing yet and you can light a match
00:35:39.420
down there and it's like tinder it's it's going to explode todd how do people get to you you're on
00:35:44.800
fire now uh social media all of it that's right well the book is overrun how joe biden unleashed the
00:35:53.080
greatest border crisis in u.s history and now i think it's in world history i'm a t benzman getter
00:35:59.500
follow me there bensman todd on twitter and i'm on true social also todd bensman at truth social
00:36:06.140
if there's so many things to go after him if he's not brought up an impeachment for this
00:36:10.980
and selling out to the chinese communist party there's huge news about all these uh can i say
00:36:15.320
one more yeah yeah sure go ahead todd yeah one thing that was interesting about the hearing yesterday
00:36:21.860
and mcallen that ben went to uh when we talk about gotaways uh we always have these numbers uh you and i
00:36:29.020
and they're leaked to us but the uh border patrol chief said in that public hearing that he believes
00:36:36.700
that they're 20 percent higher than what have been reported so let's keep that in mind as we're
00:36:41.920
counting these unbelievable todd bensman you're a good man thank you for all the great work yeah for
00:36:50.820
whatever you want to say about uh about that border patrol chief at least he wouldn't lie in public
00:36:56.520
about whether no he told the truth he he's he said we don't have operational control the border that's
00:37:03.180
all i need to hear with the head guy we don't have operation if we don't have operational control the
00:37:07.400
southern border that is enough to impeach joe biden these commanders that's enough to impeach him
00:37:12.600
right there boom bensman thank you so much i appreciate it bye thank you sir let's go and play the
00:37:21.480
trump won and you know it trump won and you know it
00:37:42.200
okay uh i can play i can listen that all day long it is i think number one
00:38:12.100
across the board everywhere natasha owens she's fabulous um we're gonna play that song we're gonna
00:38:18.480
run the sprockets off it boris amazing we just had president trump give us the three minutes
00:38:23.840
how to stop the third world war seb was on here for that you got all this polling that he looks like
00:38:29.100
he's starting to get some spread between him and the rest of the field it seems like we're on offense
00:38:35.260
now we got a amazing new song trump won and you know it boris epstein steve honored to be with you
00:38:41.760
with the posse but first of all that's for 100 sure president trump won in 2016 president trump won
00:38:47.900
in 2020 president trump is winning and will win in 2024 i just sent to you and denver a polling
00:38:56.700
summary that goes from november to march in texas this is texas republican polling all done by cws
00:39:05.760
and it is a 27 i do not stutter a 27 net point swing toward president trump right now he's up 43 to 27
00:39:16.680
27 being the board of governor who should think better and not run against president trump president
00:39:22.920
trump is dominating this race because he is hitting all the key points on policy he's talking about ending
00:39:29.520
the war that the frustrating fire surrounded by nuclear reactors that is going on in ukraine he's
00:39:34.960
talking about protecting us from china he's ensuring that we're protecting our children from this woke
00:39:40.260
radicalism and you know the the transvestite agenda and the agenda of the woke leftists who want to
00:39:47.380
push you know push sexual education and drag shows onto our kids by way tish james under fire for
00:39:53.940
apparently the hosting a uh for apparently hosting some sort of drag show for uh for kids this weekend
00:40:02.600
in new york city president trump to attract drag drag drag queen hold it drag queen story time she's
00:40:09.600
going to host a drag queen story time that's a good thing for an ag to be doing right is that a good
00:40:14.600
look ag in the state where the the most what the most of the most iconic city in america is overrun by
00:40:21.660
murder overrun by a crime overrun by rape people aren't safe on the subways it's a total disaster
00:40:27.480
president trump is fighting against all of that nonsense and american people are are saying exactly
00:40:34.300
what we thought they would is that they want the broader shoulders the strongest voice the strongest
00:40:38.740
the strongest position possible and that is undoubtedly irrefutably president donald jay trump
00:40:46.780
this rest we had rasmussen on this morning as as impressive as the texas i don't think anything's
00:40:53.120
the trump favorability is of 53 percent according to rasmussen for everybody it's it's 67 percent
00:41:01.040
in in uh for republicans he he's rasmussen day mark mitchell just said hey the shift in thinking
00:41:08.740
about president trump he's never seen a movement like this what what are your what are your thoughts
00:41:12.580
in the rasmussen poll my thoughts are the real reality for the president is at where we've been
00:41:18.140
playing for a long time he's about 70 75 and you know the rest of the field has the left president
00:41:23.180
trump again isn't just winning he isn't just pulling away he's dominating and not winning in rank
00:41:30.620
thankfully steve as i've said to you this race is over and anybody else even considering wanting to be
00:41:36.540
president anytime in the future as a republican needs to come together call let's do have president
00:41:41.280
trump let's go beat joe biden let's get president trump back in office and then we can talk about
00:41:45.860
you know further races down the road but right now it's all about getting our country back on track
00:41:50.060
under president trump we didn't have bank failures we had a real southern border we didn't have a
00:41:55.020
complete and total energy disaster our country was our country was respected uh bush under bush under
00:42:03.360
obama and under biden putin invaded naples invaded georgia under bush invaded crimea under obama and now
00:42:10.680
invaded ukraine maine under biden and the president trump putin did no such thing because he let's be
00:42:16.120
honest respected and feared respect and fears presently president donald j trump
00:42:21.120
the the the hill newspaper today the lead stories about how he's doing this on policy
00:42:27.240
they said trump leads with policy and he's winning and we just saw the video about the war
00:42:31.880
tell me about you got about a minute the the policy perspective leaving the personalities out of it is
00:42:36.740
one of the reasons he's now on a roll because people saying yeah you know what i agree i want
00:42:40.000
the i want the peace and prosperity that he gave us and only he can get back for us boris epstein
00:42:44.800
well steve the contrast couldn't be clearer between where our country is now on everything
00:42:49.620
economy national security international relations banking specifically the the the world of our
00:42:55.940
banking meltdown and where we were for four years under president donald jim trump which is
00:42:59.940
the the most consistent strongest piece of prosperity period in history and by the way
00:43:04.440
the strongest economy built up in history then then shocked and attacked by the by covid which
00:43:10.480
now we know for a fact has it was leaked from the wuhan lab and then president trump built it back
00:43:15.280
after the worst of covid had passed under his under his leadership so that is what we have in
00:43:19.980
president trump the american people see it and they want to throw joe by now as fast as possible
00:43:24.160
boris can we get your coordinates can you give it to us
00:43:28.380
boris fight on the wartime consigliere boris epstein short break dave walsh joins us next
00:43:44.980
covidtaxrelief.org got a small retail business almost eighty thousand dollars covidtaxrelief.org got a
00:43:57.900
manufacturing business nearly 250 grand and covidtaxrelief.org just got a large distribution
00:44:07.620
business almost nine hundred thousand dollars if you run a business church or non-profit and paid
00:44:16.080
your employees through all or part of the pandemic you could qualify for up to 26 thousand dollars per
00:44:24.360
employee through the government's cares act but beware of clickbait or pay upfront companies who make
00:44:32.260
you do the work and take a huge percentage of your refund covidtaxrelief.org receives a low reasonable
00:44:39.360
commission only after you receive your refund and with 300 cpas and tax experts no one is better
00:44:46.480
at getting you the maximum benefit than covidtaxrelief.org visit covidtaxrelief.org now because this plan
00:44:56.860
expires soon that's covidtaxrelief.org covidtaxrelief.org the refund examples are not a guarantee and not all
00:45:07.500
businesses qualify that's why you have to check today with covidtaxrelief.org the new social media
00:45:15.880
taking on big tech protecting free speech and canceling cancel culture join the marketplace of ideas
00:45:24.180
the platform for independent thought has arrived superior technology no more selling your personal
00:45:30.100
data no more censorship no more cancel culture enough getter has arrived it's time to say what
00:45:38.600
you want the way you want download now a big drop in oil prices today lowest level since 2021
00:45:46.560
before the russian invasion of ukraine if you can believe it pippa stevens joins us now with more pippa
00:45:52.040
yeah it fell to the lowest since december 2021 but we have seen a big bounce off the worst levels of
00:45:56.760
the day it was at 65 65 earlier so more than two dollars above the low that we had earlier today of
00:46:02.820
course this is from the fallout in the banks as well as global growth concerns and for wi specifically
00:46:07.760
it was stuck between that range between 70 and 80 so once it fell below 70 that does fuel technical
00:46:14.120
selling which then increases volatility but we are seeing now a big drop in energy stocks on the heels of
00:46:19.340
oil's decline it is the worst performing group today the oih the services names like halibard and
00:46:24.560
slb are among the biggest losers and that could be because they've actually outperformed the xle and
00:46:30.140
the xop over the last six months so this could be a case of easing up on some of the positions that
00:46:35.300
have been relative outperformers but i did want to point out one chart from matt mailey over at miller
00:46:39.980
tabak it shows the relative strength index on the xle which is of course tracking the energy sector
00:46:45.460
and it shows that it has dropped below 30 and is now at oversold levels and you can see in the past
00:46:51.740
when it's bumped up against that level it has then rallied so could be time to nibble but with all
00:46:57.420
this volatility in the market don't necessarily want to call a bottom okay dave wash i want to get
00:47:03.520
you on here why why are these oil prices dropping because this is the lack of activity are we seeing
00:47:07.780
the recession here or is this due policy what's going on well the global recession is indeed part of it
00:47:14.220
for example in the u.s gas consumption is down 2.6 percent from last march a year ago so we're seeing
00:47:20.860
some devastation in the in the retail economy for gasoline also that affects the price of oil per
00:47:27.640
barrel but there's a back channel here too and that's uh russia has broken ranks with their opec plus
00:47:34.560
cronies if you will they have uh restored production to all but 6.6 percent of where they were last year
00:47:42.300
last year about 11.2 million barrels per day this year down only 10.4 because they found new markets
00:47:48.940
in india turkey china for diesel the kingdom and uh and brazil for diesel so they've displaced a great
00:47:57.120
deal of the capacity lost in europe they had been typically sending about 2.2 million barrels a day to
00:48:02.560
europe and that's gone but so it prices in the 40 per barrel range heavily discounted to india turkey
00:48:09.500
china uh they're they're back in production to within six percent of where they were pre pre uh
00:48:15.980
restrictions so they've broken free of the of opec plus which is one of the key things with a
00:48:21.500
an illegal price fixing monopolistic cartel very very hard to hold that together and they've already
00:48:27.160
broken free they had a six week meeting with opec where they were chastised to get the production
00:48:32.280
levels down they haven't done that they're talking about doing it maybe five percent but they haven't done
00:48:37.660
it so they've they've uh sent great amounts of oil into the global market at 40 bucks 45 bucks a
00:48:43.720
barrel so this you know the sanctions are they are are they doing this because they need the cash they
00:48:50.100
just say devil may care we need the cash we got to keep the economy going because we got these
00:48:54.180
sanctions everywhere else is this why they're doing it yeah obviously need the cash they were generating
00:48:59.020
a year ago 22 billion a month just on crude exports down now to 11 12 billion a month
00:49:05.700
but the the the uh numbers of barrels are about the same so the deep deep price discounting to retain
00:49:13.700
the revenue that they can so yeah it's part of the war machine but they but what this shows is the
00:49:21.120
resiliency if you go ahead and imply these kinds of sanctions against all of opec including the kingdom
00:49:28.200
which is necessary because of their trading now in petro yuan as opposed to dollars these can be
00:49:34.240
effective these sanctions can be effective we ought to be doing the same thing to opec in its entirety
00:49:39.000
because look what russia's had to do to broker as much oil as before the sanctions cut the price by
00:49:44.960
40 50 bucks a barrel and that's that's one of the key issues with yeah depressed global pricing i i gotta
00:49:51.900
i gotta get you we're going to do a special over the weekend on uh the economy and the converge kind
00:49:57.140
of my theory at the cpac i want to have you on about you got to get into the ccp's face right now
00:50:02.160
about this petro yuan or i'm telling you you're asking for problems dave how do people on social
00:50:07.640
media uh how do people get to you because you're putting up great stuff all the time
00:50:10.880
on getter at dave walsh energy and true social the same at dave walsh energy thank you steve
00:50:17.040
dave thank you thank you very much look for you get dave back on to for this war special we're gonna do
00:50:23.100
the economic war against you and the coast of the global war uh crom carmichael you join us uh i want
00:50:29.700
to make sure we the war and posse has hearts of lions we know that what we have to make sure they
00:50:35.660
have is healthy hearts of lions how are they going to do it brother with our favorite product salty
00:50:40.400
talk to us steve thanks so much and here's how they're going to do it you know you can go to uh
00:50:46.000
any number of places online and do searches on the health benefits of green tea and you'll find
00:50:52.300
gosh sometimes you'll find five or ten but you'll always find you'll always find heart health benefits
00:50:57.680
from green tea and what we've done at salty is we've taken one particular molecule from green tea
00:51:04.400
and we've extracted that molecule and that molecule is called theoflavin and we we have a super enriched
00:51:12.000
extract that's 22 22 theoflavin whereas theoflavin is one percent in green tea and we took we took this
00:51:21.860
extract and we did clinical trials and proved that that our product will help manage cholesterol won't
00:51:29.800
do much to help your voice but it will manage cholesterol and and it will help your whole
00:51:35.240
cardiovascular system so i would encourage everyone for the posse and by the way we've got over 20 000
00:51:42.040
people from the posse who are now subscribers i i strongly recommend that they come to war room health
00:51:49.580
dot com that's war room health dot com and enter the code war room at checkout and what they'll get
00:51:56.860
by entering that code is they'll get a big discount of 29.95 off their opening shipment and then after
00:52:04.600
that the ongoing shipments of the subscription they're always getting three bottles for the price
00:52:10.000
of two and we pay the freight so it's a it's a very very economical way to have a healthy heart to have
00:52:17.260
a healthy cardiovascular system where you can live not only a longer life but a healthier life
00:52:22.860
and we need you healthy because we're on the ramparts right now it's only going to get harder
00:52:28.140
from here krom carmichael thank you very much brother appreciate it thanks steve thank you we we've got a
00:52:34.860
20 000 man uh what two salty divisions want to get three four five let's go ahead and roll salty
00:52:40.460
i take it so should you okay next hour next hour i've got natalie winters and dr robert malone for
00:52:48.380
the whole hour we're going to break down the lies of tony fauci today on the morning joe show here's why
00:52:56.180
this is their offensive move to start to blow through these committee hearings and this is one
00:53:02.960
of the most important things we're dealing with today from the wuhan lab to the vaccines all of it
00:53:06.380
natalie winters dr robert malone next after a short break in the war room
00:53:10.120
war room posse you already know free speech is under constant attack by the swamp and their big
00:53:17.840
tech allies they resell your communications and personal data while lecturing and laughing at you
00:53:23.940
i've got the solution unplugged systems a secure communications company has an app suite you can
00:53:29.660
install on any android phone including its own uncancelable app store vpn antivirus and highly
00:53:38.240
encrypted messenger better than wicker signal telegram or anything else none of your message or vpn traffic
00:53:44.560
is stored analyzed or sold claim your security for only ten dollars a month go to their website
00:53:50.800
unplugged.com that's unplugged.com slash war room to install the unplugged suite it's secure it's private
00:53:59.240
it's the way we stay connected and informed get it now take action action action use your agency
00:54:06.180
folks let me tell you about salty it's a company that makes a soft gel supplement rich in antioxidants
00:54:12.540
to help people like you and me keep a healthy heart while covid gets all the headlines it's important
00:54:18.900
to realize that heart disease kills nearly 700 000 americans every year yes heart disease is the
00:54:25.640
number one killer every year year in and year out heart disease builds over time hypertension high
00:54:31.460
blood pressure bad cholesterol diabetes all of it affects our heart a healthy heart is key
00:54:37.040
to being energetic as we get older it is never too early to take care of your heart you see heart
00:54:45.060
disease sneaks up on us you can start in your 30s and when this happens you're at serious risk by the
00:54:49.320
time you turn 60 if you want to take care of your heart and those you care about please go to
00:54:55.060
warroomhealth.com that's warroomhealth.com all one word warroomhealth.com use the code warroom at
00:55:03.260
checkout to save 67 of your first shipment that's code warroom at checkout to save 67 and do it again
00:55:10.380
warroomhealth all one word warroomhealth.com go there today you need if you're going to be part of the
00:55:17.360
posse you need a strong heart you need a lion's heart how we're going to do that is with salty go there