Bannon's War Room - Episode 2608： We Are Still Facing A Crisis At The Border

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:00:10.920 these people here's not got a free shot all these networks lying about the people the people have

00:00:17.520 had a belly full of it i know you don't like hearing that i know you try to do everything

00:00:21.280 the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:24.860 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:32.680 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:40.620 country this country will be saved war room here's your host stephen k bann

00:00:47.840 let me talk to you about commercial real estate because that is what you know better than probably

00:00:58.480 just about anybody else um you said last year that you were looking at great opportunities when it

00:01:05.260 came to commercial real estate this year i think just this month you said yeah there's some great

00:01:10.080 opportunities and unfortunately we can't do anything about it because you've got to worry about liquidity

00:01:14.400 issues yourself so what what do you kind of take away from what's happening in commercial real estate

00:01:18.840 as you mentioned people are handing back buildings to the banks and saying forget it we're gonna we're

00:01:23.300 gonna walk away from this you're probably in naming one or two of that you know there's the

00:01:28.460 particularly the office asset class which has its own idiosyncrasies it's not true everywhere

00:01:32.540 newer buildings are staying leased and they have good tenancy and um those are actually recovering i

00:01:38.460 can say and they're holding their rents but the rest of the b and c office in every market are very

00:01:42.660 challenged and nobody knows in this interest rate environment what to pay for a building because

00:01:47.240 you can't borrow against it because the banks are all told we're not supposed to have office loans

00:01:51.360 so you have to go to an alternative lender and most of those alternative lenders are don't have

00:01:55.660 liquidity right now so you know it i don't see unless he lowers rates how we're not going to have a

00:02:01.360 serious crisis in the office space uh area and then you have the other asset classes fannie and freddie

00:02:07.760 do lend to multi-family properties so there is liquidity there there is a lender um you know

00:02:13.040 it's very expensive and you know we we powell didn't raise rates in 21 when rents were galloping 22

00:02:20.240 because of that delay in his data and then when he finally caught up the data caught up rents had

00:02:26.160 already trended down and so i don't know why when you have used car prices and you have watches and you

00:02:31.980 have airline fares and you have food and eggs i don't know why one third of the cpi has to be on

00:02:37.620 this i actually read it i actually went back and looked at how do they calculate this rent equivalent

00:02:43.640 index and it's a survey of households if you called me and said what is your house rent for

00:02:47.880 how on earth would i know i mean what kind of what kind of byzantine program did they develop in 1981

00:02:54.620 that they've modified three or four times so anyway i i just wanted to get a because i i agree

00:03:02.560 with a lot of what you're saying but i mean we have a we have a problem houston we have the fed that

00:03:06.980 stayed at zero for so long and kevin morse was on the other day saying they buy all these bonds which

00:03:12.080 enabled the government to spend as much money they were part and they were like partners partners in

00:03:17.600 the spending so they did that now so they they made this mess basically or at least contributed to it

00:03:23.260 now they're going to make sure that they try to kill the economy to to really fix part of the

00:03:28.400 problem the mess that they made he says there should be like a regime this is no way to run a an economy

00:03:36.060 and he kevin warse says there should be a regime change how would you what would you do about how do

00:03:40.900 you solve a problem like maria not maria but like the fed i mean the the the consequences of having

00:03:48.980 everyone's taking their money out of anything productive and buying his treasuries i mean that's

00:03:53.720 now you can't put your money in a bank anyway so you got to go buy some cds and treasuries so

00:03:57.300 that's just going to slow down the economy i mean it's common sense tells you exactly what's going to

00:04:02.360 happen you have to get out of these mathematical mathematical models there are 400 phds at the fed

00:04:07.080 400 i think we have a regime change the phds and that's your first problem i mean honestly i mean

00:04:14.000 you can't take the regional banking system and replace deposits at one with money borrowed at five

00:04:20.380 and expect these banks to have any profitability or to be able to lend to people at reasonable rates so

00:04:25.440 yeah what's the solution what's the solution very if it's not if it's not breaking insurance for the

00:04:30.300 deposits um they they should limit the amount that the banks can pay for for cds for deposits because

00:04:37.820 otherwise you know one guy's at eight one guy's at six one guy's at 12 and one guy's playing with

00:04:42.180 venture capital i mean and they should probably they should probably go back to some modified

00:04:47.080 okay uh steve cortez by the way it's uh it's wednesday second hour it's thursday let's get the

00:04:56.020 right date steve it's thursday 23 march early 2023 we've got uh colonel grant uh newsroom is going to

00:05:03.560 join us in a second uh get the new book out when china attacks probably one of the member over at the

00:05:10.200 committee on the president danger we had him on from taiwan the other day probably one of the

00:05:13.200 smartest guys about where we actually stand with the murderous ccp today we i just want to make sure 1.00

00:05:19.600 i give an update we have live hearings on the ccp's front company that sucked all the data out of your 0.70

00:05:25.820 kids 150 million americans use this and it is a weapon tiktok it's been proven to be a weapon 0.79

00:05:31.840 the reason between the 10 seat um majority you have and another 15 or 20 seats matt gates will tell

00:05:40.000 you it was 100 tiktok okay very dangerous weapon and it's got to be shut down this thing about selling

00:05:47.020 it to microsoft not good enough um we've got that going on uh you've got this amazing

00:05:55.480 uh story of what happened in moscow between beijing and moscow that nobody's really doing

00:06:02.240 the depth of coverage of because it's going to change your life then we got the economy the

00:06:06.700 meltdown of our financial system uh steve cortez that was barry sternlick one of the i think the

00:06:13.020 most uh not a trump fan let's just say that not a trump fan he's a real estate oligarch he's probably

00:06:19.920 the biggest mover and shaker in commercial real estate when a guy like that says you have you

00:06:25.780 know i i know guys who are handing back buildings to the bank right now right uh the next big shoe

00:06:32.640 to drop and you and i've been talking about all this massive you know you got the discount window

00:06:36.340 and people should understand that's the federal reserve just shoveling cash into the insolvent or

00:06:42.220 illiquid um you know banking system your money right that you're gonna you're you're obligated to

00:06:48.340 the audience but there's also all kind of things going on with the fh all these other things

00:06:52.420 hundreds of billions of dollars being shoved in because the next big shoe to drop brother

00:06:57.600 is commercial real estate am i too out on a limb on that one uh dr cortez no i i certainly think

00:07:05.680 you're correct and i think more importantly barry sternlick seemed to think you're correct somebody

00:07:10.080 who has enormous exposure enormous experience in that field of commercial real estate and you're

00:07:14.660 exactly right this is he's not maga at all he was very publicly anti-trump in 2020 he called him a

00:07:20.680 racist and a bigot and all of that but when it comes to business he understands it intrinsically

00:07:24.780 and he was speaking a lot of truth and a lot of common sense there on several different levels

00:07:28.960 you know first of all on the ineffectiveness on the fed of the idea that they have hundreds of phds

00:07:33.900 and yet they can't figure out what any community banker in america is able to figure out what any just

00:07:39.160 astute observer of the economy in general can figure out but also and this is more important i think

00:07:44.000 from a from a policy angle he pointed out that in 2021 this is key as prices were rising dramatically

00:07:51.100 because of the created inflation inflation explosion of joe biden because he went to war against domestic

00:07:56.500 american energy and the exorbitant borrowing and spending all during 2021 as it was patently obvious

00:08:02.620 to anybody who was willing to be honest that inflation was exploding this country the fed instead of

00:08:08.200 fighting inflation then the fed backed up the ridiculous lie the propaganda from the biden

00:08:15.580 administration that inflation was quote transitory jerome powell himself used that phrase on several

00:08:21.440 occasions it was a grand lie with grave consequences for the american people and the fed which is now

00:08:28.360 trapped had an opportunity then to try to do the right thing okay that the fiscal side was doing the exact

00:08:34.400 wrong thing was pouring capital all over an economy that didn't need capital that didn't want capital

00:08:39.800 at that point so the fiscal side meaning the white house and the congress republicans included

00:08:44.300 they were doing exactly the wrong thing that was a time for the fed to show leadership instead the fed

00:08:49.460 showed that it is institutionally an incredibly political animal in washington dc and jerome powell

00:08:55.820 most of all as a personality he is chiefly a partisan political operator and people want to think

00:09:01.600 otherwise but that's just the reality so he backed biden he backed that fiscal profligacy that

00:09:06.700 exorbitant borrowing and spending he backed the lie that it was transitory the fed didn't fight

00:09:11.720 inflation then which made its job in 2022 all the harder and now i would argue not harder impossible

00:09:18.520 because sternly is right there look the the reality is with a banking crisis that we're now deeply into

00:09:25.680 okay and i fear we're in the early innings of a banking crisis and that's what the markets are telling us

00:09:29.900 with massive upheaval yesterday markets are fairly calm today but they were anything but calm

00:09:34.060 yesterday we're so i think we're in the early innings of a banking crisis a banking crisis that

00:09:38.500 will throw us into deep recession in normal times the fed should actually reverse course and start

00:09:44.560 lowering rates and and barry there is speaking very much like a real estate guy right they always

00:09:49.020 want lower rates that's almost always their answer here's the problem the fed lowers rates right now

00:09:54.340 when we have double digit inflation for the staples of life for food and electricity for regular americans

00:10:00.940 who are already suffering who have already taken their credit cards to the limit with the biggest

00:10:06.140 credit card increases according to the most recent fed data in the history of the united states at the

00:10:11.020 highest rates ever in the history of the united states those people are going to be put in the 0.99

00:10:15.620 street so lowering rates means that the people who cut barry's lawn and clean his house who already

00:10:22.220 can't afford the necessity of his life are going to be in an even more precarious situation these are

00:10:27.200 the consequences of what biden and mcconnell and tom cotton have done to the united states because yes 0.99

00:10:33.260 lots of republicans are complicit in this particularly when it comes to that omnibus fiasco

00:10:38.160 i know you've got some charts and some things you want to go through but i want to kevin warsh

00:10:44.100 that name will will push that name more when j pal was selected pushed by mnuchin kevin warsh

00:10:51.480 and john taylor john taylor stanford kevin warsh were they were the cover beds and when a guy like

00:10:56.820 kevin warsh who is known for discernment and probity when he says that we need regime change

00:11:03.160 at treasury and the fed what does that tell you what does that tell you and you saw yesterday

00:11:08.540 this is this is incompetence that almost goes to the level of malfeasance steve cortez no listen if

00:11:15.240 the consequences weren't so severe steve it actually would have been almost comical yesterday because

00:11:19.420 on a split screen at the exact same time in washington dc uh you had jay powell you had the

00:11:25.040 chairman of the fed talking fairly dovishly dovishly meaning that he's not going to be that hawkish about

00:11:29.500 fighting inflation clearly trying to calm financial markets trying to calm bank depositors um and and you

00:11:36.060 know generally taking a soft approach literally at that very same moment the financial markets were

00:11:41.480 reacting uh you know somewhat positively to that at that exact same moment you had janet yellen uh

00:11:47.020 contradict her own statements and certainly contradict her boss joe biden say oh no no we're not thinking

00:11:52.840 of more deposit insurance out there and the market absolutely tanked we showed that chart yesterday on

00:11:57.660 the show from the minute she said that until the close the dow lost 700 points now we're in a terrible

00:12:04.100 situation a predicament right now a corner where markets unfortunately are that dependent on the

00:12:10.400 fed backing or the federal government backing guarantee so we we shouldn't we should never be

00:12:14.720 in this situation where she could force that kind of a tumultuous sell-off with that comment but but

00:12:19.640 that comment showed us unfortunately yeah there there it is that's a one minute chart of the dow

00:12:24.060 yesterday from the moment janet spoke 700 points lower in basically a flash uh but the point there steve and

00:12:30.900 i mean to your point is it it's almost comical how contradictory they are how foolish they look

00:12:37.780 um and and it's one thing to get the policy wrong that's bad enough all right but it's one thing to

00:12:42.640 get it's another thing to get the policy wrong and on top of it get the messaging wrong because

00:12:47.980 confidence matters okay uh because confidence can be self-reinforcing on the upside and doubt can be

00:12:54.100 self-reinforcing on the downside and one thing we spoke about yesterday in the 0809 crisis the bush

00:12:59.620 administration i believe got tons wrong almost everything wrong as a matter of fact but one

00:13:04.060 thing i will at least give them credit for particularly hank paulson is he did a pretty

00:13:07.360 good job of at least messaging to the public that he knew what he was doing that he was in charge there

00:13:12.040 was there was somebody at the helm with experience and he did in fact have tremendous experience we

00:13:16.460 don't have that at all right now we have janet yellen who spent all of 2021 lying through her teeth 1.00

00:13:22.140 telling the american people that the inflation was transitory and we have jerome powell who is a

00:13:26.640 washingtonian lifer a lawyer by trade uh we have fools right now at the helm of the ship not to

00:13:33.260 mention of course sleepy joe biden but fools at the helm of the ship at a time of tumultuous seas like

00:13:38.800 we haven't seen in this country since 2008 and 2009 so it's it's a very scary period unfortunately

00:13:45.320 now what do we do about it well the debt ceiling limits that that is our opportunity that's the

00:13:50.920 leverage that's the pressure point that we have earned we earned it through the november elections

00:13:55.200 where we earned a seat at the table and a chance to stop to at least apply a tourniquet a fiscal

00:14:00.520 tourniquet to stop the bleeding the inflationary madness and make sure that washington dc knows that

00:14:05.720 we the american people are going to overrule uh these fools right now who are trying to steer this ship

00:14:11.400 into an absolute crash uh make sure you go to steve's going to stick with us we're going to grant

00:14:18.340 newsham also join us in the next segment make sure you go right now to get uh go to birchgold.com

00:14:23.800 slash bannon you've got to get the third in the series you'll want to read it all it's totally free

00:14:28.240 the debt trap we absolutely nailed down and drilled down on the debt the debt ceiling fight is everything

00:14:35.160 right now you need to understand this you need to immerse yourself in it even if mathematics and

00:14:40.660 and economics are not your thing it's got to be your thing if you want to be fully weaponized as an

00:14:46.020 american citizen to fight back because this is going to be the battle for the ages coming up and

00:14:51.220 all this but stopping this this out of control spending short break grant newsham and uh steve

00:14:57.600 grotesque on the other side buy gold and get a free safe to store it in that's right on qualifying

00:15:04.100 purchases from birch gold group now through march 31st they'll ship a free safe directly to your door

00:15:11.680 just text bannon b-a-n-n-o-n to nine eight nine eight nine eight to get your free info kit on gold

00:15:20.080 and to claim eligibility for your free safe here's the deal the fed keeps raising rates because it's

00:15:26.500 the only tool they have to keep inflation under control and guess what it's not working you can't

00:15:32.040 spend your way out of inflation you've seen the impact on the stock market you've seen the impact on

00:15:37.180 your savings hedge inflation by owning gold let me repeat that hedge inflation by owning gold whether

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00:16:16.560 here's your host stephen k bannon

00:16:20.840 did anyone aside from your lawyers assist you in preparation for today's hearing

00:16:30.260 i prepared for this hearing with my team here in dc

00:16:33.760 did anyone at bite dance directly provide input help or instruction for your testimony today

00:16:43.600 congressman this is a very high profile hearing my phone is full of well wishes

00:16:48.860 you know that's you know but i prepared for this hearing with my team here in dc

00:16:53.200 are you are you willing to share uh who who helped prepare you for this hearing with the committee

00:17:00.580 and you can do i can follow up with you okay like can you guarantee that no one at bite dance

00:17:07.260 had a role in preparing you for today's hearing like i said congressman this is a high profile hearing a lot

00:17:13.300 of people around the world were sending me wishes and unsolicited advice but i prepared for this hearing

00:17:18.260 my team here in dc are the attorneys representing tiktok also representing bite dance

00:17:23.940 yes i believe so what percentage of tiktok revenue does bite dance retain

00:17:31.240 just give me a ballpark estimate if you don't precisely know

00:17:34.980 congressman like i said as a private company we are not prepared to disclose our financials

00:17:40.800 in public today

00:17:41.680 he's just in your face okay uh let's get into colonel grant newsroom the the ccp is not going 0.98

00:17:50.320 to back down they're in congress right now in a hearing sworn testimony and this guy is um not

00:17:57.880 just glib it's just the arrogance is is is pretty shocking colonel newsroom you've kind of made this

00:18:03.880 your life's work your book when china attacks i want to tie i want to tie the unrestricted warfare 0.87

00:18:09.860 part as you know we're huge fans of unrestricted warfare the unrestricted warfare part that you're

00:18:14.420 actually seeing now in the halls of congress on sworn testimony where the arrogance just comes

00:18:20.140 through every second of the day because it is a full ccp company to uh what happened in moscow 0.90

00:18:26.180 and your theory of the case that china is is is is prime to come after us not just with the

00:18:33.000 unrestricted warfare they've been doing to prep the battlefield but could go kinetic in a couple

00:18:37.220 of years and it's going to be a shock to the american people when unlike vietnam unlike korea

00:18:42.500 unlike iraq and afghanistan we're kind of said okay we've been here long enough and we want out

00:18:48.420 we could actually have a major massive kinetic war defeat at the hands of the chinese communist party 0.93

00:18:55.760 colonel grant newsroom

00:18:56.660 uh yes well glad to be here um you know i think what you saw uh one in that clip you just showed

00:19:05.980 just shows just how ridiculous we are uh the indians um did away with bite dance in an afternoon

00:19:13.440 after they'd had a fight with a the chinese up on the border and look at us we're just trying to

00:19:19.460 figure out what to do about it uh it shows just how they have managed to handcuff us uh keep us from

00:19:24.740 doing what we need to do uh but in terms of how this uh china russia meeting uh plays into all of

00:19:31.900 this the other day uh now that the chinese have been setting us up for 30 years and weakened us 1.00

00:19:37.940 confused us etc uh while building up their military into a force that in certain circumstances could

00:19:44.020 beat us uh the so-called kinetic part of it is coming uh quite quite possibly and i think where it

00:19:50.860 would likely come uh is around taiwan there's different scenarios of how it all plays out

00:19:55.600 uh but what you saw with the with xi jinping meeting putin the other day uh it was effectively

00:20:01.760 the chinese saying to the to the russians look we're with you and we don't care what the west

00:20:07.760 thinks we don't care what the americans think they provided uh just thoroughgoing political cover

00:20:13.100 for the russians and everything they've done uh but here's where it gets uh gets good

00:20:17.440 now if china makes a move on taiwan and say they their guy doesn't win the election the presidential

00:20:23.880 election in 2024 in taiwan uh so that a someone who wants nothing to do with the the prc wins at that

00:20:31.780 point i think uh fight becomes very likely i think the gloves come off for xi jinping he'd rather get it

00:20:37.620 all without fighting get his guy in place but that may not happen so if it doesn't happen then i think

00:20:43.320 a fight is coming if he does make a move on taiwan uh what you're going to see i'll bet is the russians

00:20:50.920 making a move somewhere else it could be towards the baltic states uh and you're also going to see

00:20:56.740 these other wonderful countries like north korea uh making a move doing something to distract us

00:21:02.280 uh you will probably have iran do something the cubans can also do the do things as well all that does

00:21:09.800 is distract us from the main thing from the main fight and i don't think the u.s military is able

00:21:16.220 to fight a two-front war much less a three or four run three or four front war and it doesn't have to

00:21:23.100 be an all-out war on those fronts but something that distracts us diverts resources away from taiwan

00:21:29.160 and also creates a sense in washington uh that well look things have just gotten so tough uh that we've got

00:21:34.800 to uh let taiwan go we can't really respond to it and there's a psychological conditioning and effect

00:21:41.240 that all of this has so this russia china alliance while there may be some uh there is some real

00:21:47.840 historical animosity between between the two uh for now they are strategically aligned in both their

00:21:53.460 hatred of the united states which is the only thing standing in their way and their desire to destroy it

00:22:00.020 so we've seen the so-called non-kinetic part of the fight going on for 30 years we've refused to

00:22:05.480 recognize it but you really see it in that clip you just showed of just how ridiculous they are

00:22:10.720 or we are and note that tiktok has all the high-priced american lawyers that it needs and

00:22:18.940 now you'll have americans who need lawyers and simply can't get them because they're required to defend

00:22:25.180 something which is not popular with parts of the ruling class but when the kinetic war comes expect

00:22:30.740 movement on a lot of other fronts

00:22:33.000 no and also the fifth column you're going to have here they're paid lobbyists they're paid law firms

00:22:40.060 the paid communications this is you've had your countrymen uh for money team up with with with the

00:22:46.920 other side with the bad guys uh just quickly uh colonel newsroom the um economic impact let's leave the

00:22:53.580 moral liberty democracy let's let's put that off the side the real politique uh economic warfare

00:23:00.840 economic impact of the loss of taiwan to the american high-tech economy how how how big a deal would that

00:23:08.700 be sir well that would be uh it'd be a blow but i'm not so sure we can't recover from it uh certainly

00:23:15.880 losing the particularly the high-tech imports to semiconductors high-end semiconductors in particular

00:23:21.520 uh that would be a real shock to the system uh think of what you saw uh last year when there was

00:23:26.960 a semiconductor shortage and then multiply it uh by about a hundred at least uh yes that would be a

00:23:33.120 blow uh but i would tend to look at it as a necessary thing if we don't get off of this dependence on the

00:23:40.360 people's republic of china uh for this the things we need in our economy for all their manufacturing and

00:23:47.480 this cheap stuff that you buy all over the place and some not so cheap stuff if we can't wean our

00:23:52.560 not wean ourselves if we can't get off it in cold turkey if necessary uh it'll just get worse and worse

00:23:58.940 for us uh but the economic effects of a fight over taiwan you'd feel those from one end of the world the

00:24:05.040 globe to the other and not just because of semiconductors would be the thoroughgoing disruption

00:24:09.960 of uh a good chunk of the international trading system but one does recall that

00:24:15.300 uh maybe 30 years ago we had a pretty good economy a pretty good country that wasn't dependent on

00:24:21.180 uh manufacturing things on china in china so i think we can uh overcome it but it would be a

00:24:28.140 disruption of the like i think most people have not seen uh i would expect the world to break up into

00:24:34.480 two blocks trading blocks in particular uh with uh one the free countries and one the these um other

00:24:42.160 very unfree countries but it the idea that we've gotten used to of wars being small little contained

00:24:48.700 things uh this is not this won't be the case if something happens over taiwan if if we cut off the

00:24:55.920 chinese county's party from all access 100 access to western capital both loans bonds and equity capital

00:25:03.440 if we cut them off from the swift system if we cut them off from all technology transfers and really

00:25:09.100 crack down on stealing technology how long do you think the chinese communist party could last

00:25:13.660 all things being equal hardcore it's all things being equal maybe six months and that's just sort of

00:25:21.960 what they have stored up and sort of glide along on momentum but not very long that influx of

00:25:28.120 convertible currency and capital into china is what has fueled china's economic buildup and its military

00:25:35.740 buildup which are interlinked and that's really it's just astonishing that we have done this the

00:25:42.920 chinese currency as we talked about before is not freely convertible which means you can't really

00:25:48.280 use it overseas to buy anything so it has to be a dollar in a dollar out so all these things china

00:25:54.020 buys from overseas all the expenditures it makes the belt and road initiative uh buying ivy league

00:26:00.140 professors they all require payments in dollars we've provided it so you stop that and china would 0.94

00:26:06.120 be very hard pressed very fast uh to pay for everything that it needs and if its economy comes to a halt

00:26:14.460 well you're going to have uh china always talks about 1.4 billion chinese people who are offended by

00:26:20.880 something somebody has said you're going to have 1.4 billion people who are very offended with the

00:26:26.160 chinese communist party all that money we've given them has effectively funded uh papered over some very

00:26:33.760 serious fissures in that system uh it's like a country a company that really it does it's a failure

00:26:40.300 every year it gets uh an allotment of billions of dollars to keep keep operating and that's pretty much

00:26:47.760 what has happened uh with the chinese communist party it's an inefficient system and it would have

00:26:52.980 a lot of trouble if we didn't prop it up colonel uh newsroom how do they get to the book how do they

00:26:59.700 get to your social media yeah well the book is available in the the usual places barnes and noble amazon

00:27:05.940 uh my social media now that's ww w grant newsroom.com that'll get you to all my writings

00:27:13.900 and i have a a twitter handle which is at newsroom grant so and the book comes out in a couple days

00:27:21.620 and it's a splendid book i tell you no no it's fantastic it's a it's a it's a dose of cold water

00:27:28.920 we're going to spend a lot more time going through it colonel newsroom thank you very much honor to

00:27:32.120 have you on here sure pleasure cortez is going to join us and rebecca koffer cortez is going to join

00:27:38.400 us on the other side uh he's going to talk to you about think about it for a second with colonel

00:27:42.520 newsroom said and colonel newsroom doesn't have his hair on fire it's pretty matter of fact

00:27:45.760 outside date chinese communist party the mortal threat to the chinese people in the american

00:27:51.300 people exist with 100 cut off of capital and technology six months i say 100 days but he's

00:27:57.580 an expert six months on the outside six months our greatest threat same time we have an invasion

00:28:02.900 on the southern border with 12 to 14 million illegal aliens here are coming here in the biden regime

00:28:08.080 think about that for a second think about a great power that allows that to happen to themselves

00:28:13.200 short break back in a moment a lot of people complain about the state of our country are the

00:28:19.740 way woke corporations treat us and their employees but it's not enough to complain we need to change

00:28:25.900 the way the marketplace works and that starts with you and where you spend your money in less than a

00:28:32.260 year public sq has grown to be the largest platform of patriotic freedom loving businesses the world has

00:28:38.920 ever seen whether you want to support a restaurant that only buys from local farms a coffee shop that

00:28:44.560 took a stand against covid mandates or a bank that would never counsel you counsel you for your

00:28:50.100 political views public sq is your guide there's also interactive sensor-free community groups where you

00:28:57.400 can connect with other local members here's the best part it's absolutely totally free to join just go

00:29:05.440 to public sq.com that's public sq.com public the word the letters sq.com and download the app today

00:29:17.400 totally free simply create an account and begin your search you can also list your business for free

00:29:23.840 so your local community can start to support you we can't always change the world but we can change

00:29:31.540 how and where we spend our hard-earned dollars begin your search at public square today go to

00:29:39.560 public sq.com that's public sq.com here's your host stephen k bannett

00:29:47.360 i'd like to change directions real quick um do you receive personal employment salary compensation

00:29:58.540 or benefits from bite dance yes i do what is your salary from bite dance a congressman if you don't

00:30:04.760 mind i would prefer to keep my compensation private okay do you personally have any company shares or

00:30:10.220 stock in bite dance or doyen um congressman if you don't mind i would like to keep my personal

00:30:15.880 assets private is tiktok the company your only source of employment compensation where's your

00:30:21.960 other source of income outside of tiktok it's my only source of compensation do you have any financial

00:30:29.520 debts or obligations to bite dance doyen or any other bite dance affiliated entity personally no i do not

00:30:37.780 does your management team receive separate salary compensation or benefits from bite dance

00:30:42.740 uh we receive um salaries from the employee the entities that we are employed in uh but we do

00:30:50.380 share in uh um the employee stock option plan that is available from from the bite dance uh top

00:30:56.760 company so your so your primary salary comes from tiktok but you have other compensation that comes

00:31:01.480 directly from bite dance you can characterize it as that yes does your management team have company

00:31:07.060 shares or stock in bite dance or doyen um yes uh we some of our employees are compensated in shares in

00:31:14.540 bite dance okay see right there uh cortez uh once again just up up in your grill right he takes a

00:31:24.280 salary from tiktok but he's getting his stock he's getting his options and warrant package which is 90

00:31:29.200 percent of his net worth from bite dance cortez we just had grant newsroom say six months on the

00:31:35.140 outside if we cut them off from cap our the capital from our pension funds essentially right right

00:31:40.600 insurance companies and and and if we cut off the technology of which the the this audience is also

00:31:47.600 underwritten with the the venture capital and private equity hedge fund money that is in the pension funds

00:31:53.260 uh we're not a serious country we could do this in a second instead of going through the and this

00:31:57.940 ridiculous that here the hearing is india modi said hey how about this all chinese apps boom all

00:32:04.840 ccp uh owner operated apps done in one afternoon what two years ago uh talk to me about the the

00:32:12.980 other aspect of this on our sovereignty we've ceded our sovereignty to a negotiation with the chinese 0.76

00:32:18.320 communist party because of a fifth column here in the united states on wall street silicon valley in the

00:32:24.720 law firms and lobbyists here in in uh in our nation's capital tell me about on the other hand

00:32:30.180 what we've done is completely gotten rid of our sovereignty on the issue of immigration is that

00:32:35.360 not true brother cortez yes 100 and you know first on the on the china issue the colonel is

00:32:42.420 exactly correct that without american capital markets and without american investment the chinese

00:32:48.000 communist party simply could not sustain itself and here's the sad reality a lot of folks out there

00:32:52.580 in the audience they don't realize it but their money is being invested aggressively in china

00:32:57.360 and has been for a couple of decades how is that happening via your 401k and also via a massive

00:33:03.740 amount of public investment even from the red states because firms like blackrock have been

00:33:09.340 pouring capital into china for years and years number one it's been a really bad investment okay they 0.85

00:33:14.560 would have been far better off just from a return perspective investing that entire time in the united

00:33:19.140 states but number two more importantly than returns of course is how dangerous it is for the national

00:33:24.700 security of the united states so yes thankfully for now we still have the upper hand uh however we

00:33:31.140 won't always have the upper hand when it comes to china and if we don't act now in smart ways in terms

00:33:36.320 of confrontation via things like economics eventually we're going to end up in a hot kinetic fight with

00:33:42.320 the chinese and we can avoid that but you're exactly right steve it's the same principles 0.99

00:33:45.860 unfortunately and from a lot of the same people who want to invest in china who have been effectively

00:33:50.620 merged with the chinese communist party i'm talking about americans american power brokers those same

00:33:55.600 people constantly agitate for open borders here in the united states and have been very supportive

00:34:01.140 of what joe biden has done in creating a de facto open border in the united states millions of illegals

00:34:07.120 have poured through that they have been incentivized and in fact invited to come to the united states

00:34:11.580 and compete against americans in the labor market illegally and unjustly at a time where americans are

00:34:18.340 suffering particularly middle and lower income americans the savings rate in the united states

00:34:22.140 steve it is languishing right now near historic lows it just recently hit the lowest second lowest level

00:34:28.220 ever so i wrote a new article about this because i want to now that the the primary race for the

00:34:33.740 republican 2024 nomination seems to really be heating up in recent days i believe that just as it was in

00:34:39.360 2016 in 2024 immigration needs to be a front and center top of mind concern here it needs to be a

00:34:48.760 primary if not the primary issue for republican voters and for all of the nominees president trump

00:34:55.220 and whoever else officially decides to get into this race why because you know as i mentioned the

00:35:00.140 economic anxiety right now but number two because of the open border and because of what's happening

00:35:04.760 with legal immigration so it's not just the illegality which of course we should never tolerate not one 1.00

00:35:10.140 iota of it but it's also lawful immigration so if we can show chart number one please and this chart

00:35:15.540 and others are in my my new article this chart is from axios and this is legal immigration to the united

00:35:22.140 states that chart goes back to 2010 so into 2016 under obama not surprisingly legal immigration was steadily

00:35:29.180 growing for the last five years until 2022 though immigration each year legal immigration lawful

00:35:35.540 immigration to united states was falling so president trump was successfully curtailing lawful immigration

00:35:42.200 to the united states it is now exploding higher again reaching over a million legal immigrants to this country

00:35:49.820 the majority of that via work visas and again work visas for foreigners steve to come into the united states

00:35:56.480 to compete against americans who are already trying to grapple with crashing real wages so i think it's incumbent

00:36:04.440 upon both president trump and on any other challengers to him to tell us concretely what is their immigration

00:36:10.860 plan going forward and i lay this out in the piece for example president trump did a wonderful job in

00:36:16.200 curtailing legal immigration but you know where he failed and i give the numbers in here is on deportations

00:36:21.480 believe it or not barack obama was far more effective at deportations than president trump is

00:36:27.240 i think president trump has to explain that to the american people why did he so disappoint on

00:36:33.060 deportations and deportations have now effectively collapsed under biden what is the plan of ronda santis

00:36:40.520 of nikki haley of any candidate who gets in the race what is their plan to make sure that we are

00:36:44.600 deporting at at least the level of barack obama my gosh that should be the baseline uh we should be doing far

00:36:50.320 better than that um explain why was the wall not built why was it not built with the republican congress

00:36:55.740 how are we going to get it built from here and then i would like steve a candidate to step up what

00:37:00.660 i'm looking for and i think a lot of the deplorables are is a candidate to step up and say legal lawful

00:37:06.560 immigration needs to go to zero we need a moratorium we need to we need a timeout we need to protect our 1.00

00:37:12.740 sovereignty we need to protect our culture and we need to restore the prosperity of america we need to

00:37:17.500 assimilate the immigrants we already have in this country uh number one number two we need to figure

00:37:23.060 out the right filters and processes to restart legal immigration whenever we think it is it is uh

00:37:29.640 advisable for the american people and by the to that point steve i want to i want to hope i make this

00:37:34.200 clear i hope i'll persuade people about this immigration is not some good in and of itself okay

00:37:39.640 it is not some goal in and of itself immigration exists to serve the interests of existing american

00:37:46.200 citizens whether those american citizens were native born or legally naturalized themselves

00:37:50.840 immigration exists to serve us the left i think has largely promoted a narrative where it has to exist

00:37:57.560 number one it's just a given and number two it's some sort of intrinsic ideal uh neither of those is

00:38:03.660 correct america over the years has vacillated between periods of very open immigration and very

00:38:08.200 restrictive migration rules and i firmly believe that this is a time for a restrictive approach

00:38:13.700 because it makes the most sense for our country right now so i hope this issue becomes paramount

00:38:19.520 once again as it was in 2016 now we have to and these candidates have a lot to answer we have to put

00:38:25.420 this show has to make it such because now you're going to have a cis says by the end of the 0.95

00:38:31.260 biden regime you're gonna have 12 to 14 million illegal aliens here through their gaming of the asylum

00:38:35.880 system plus you have a collapsing economy with the layoffs the big layoffs are starting see amazon's got

00:38:41.740 27 000 people in the last 60 days this is why you got to protect american citizens you got to take

00:38:47.340 those jobs for american citizens uh can we play the janet yellen do we have that clip ready to go

00:38:51.740 yeah go ahead steve no i'm just gonna tell you to that point by the way so we just got an announcement

00:38:55.640 unfortunately about an hour ago accenture laying off 19 000 workers the the tech and it giant 19 000

00:39:03.160 workers being laid off from accenture to your point and this is going to accelerate okay

00:39:07.600 unfortunately that's just the sad reality this bank crisis is only going to deepen and exacerbate

00:39:12.940 the layoffs and you mentioned cis too if i can just show this chart because i think this is important

00:39:16.720 cis this is chart number two uh center for immigration studies this is a chart going way back okay over 100

00:39:22.780 years to the early 1900s uh and it's both numerically and percentage pay attention there please to the top

00:39:28.380 line that is the percentage of americans who are foreign born we are right now at roughly 14.7 percent

00:39:36.120 right at the all-time high at that same level 14.7 percent over a century ago so we have to ask now

00:39:43.920 this is i'm not saying this is necessarily a bad thing but i'm saying we have to ascertain as a

00:39:48.460 country is this good for us most people believe it was good for us in the ellis island days okay because

00:39:54.080 number one there was an insatiable demand for unskilled physical labor number two there was no safety 0.90

00:39:59.220 net zero for these immigrants who came over which by the way is why so many of them didn't stay if you 1.00

00:40:04.060 didn't make it it was sink or swim many of them went back to the old country but we we had great

00:40:09.180 needs for them we had no safety net we had the exact opposite today we have american workers who

00:40:14.680 see their wages crashing and we have incredibly generous safety nets uh and to the right there

00:40:20.240 by the way in the red that is the projections from the census bureau of where we are heading at

00:40:25.000 current trends in terms of migration and the foreign born population so it is not xenophobic it is not

00:40:30.540 unreasonable it's not in any way bigoted bigoted for us to say as a country does this make sense

00:40:35.980 for us is this working for us and just because it worked for us during the industrial revolution

00:40:40.180 doesn't mean it works today and i would argue strongly it is not working for the best interest

00:40:45.060 of american citizens you can say that it's surprising words let's get let's play the yelling clip

00:40:50.740 one comment for there let's go yelling and could you just answer my question madam secretary what 0.98

00:40:56.840 percentage of of what percentage of our g debt of our gdp is too much well this budget has um debt

00:41:10.020 held by the public moving up to around 109 percent of gdp and that's not too much in your opinion

00:41:20.260 historically it's a high level but on the other hand interest rates real interest rates have moved

00:41:28.460 down substantially in recent decades and so um higher levels of debt to gdp are sustainable with lower

00:41:39.640 real interest rates and on balance as i said the interest burden of the debt um is at at a level

00:41:48.060 that is quite reasonable in historic terms madam secretary you're a keynesian

00:41:53.900 well i don't quite know what you mean by that but i've certainly do you believe

00:42:00.580 okay uh corte cortez uh i don't even know if it by the way the new scam is just to talk about public

00:42:10.200 held debt that's the monetization that they don't want to talk about all the other debt we owe

00:42:13.800 steve cortez give me give me a 60 second summary of that well well think about this so she is the

00:42:19.340 tip of the spear when it comes to the american economy the greatest economy that the world has

00:42:23.800 ever seen built by the grit and hustle and smarts of the american people she is now the tip of the 0.95

00:42:28.740 spear at the same time on the national security side of things and they're of course interrelated

00:42:33.360 mark milley white rage mark milley is the tip of the spear of the greatest military ever built in

00:42:40.760 the history of mankind okay he is supposed to be our chief warrior she is our chief economic manager

00:42:48.000 uh and when you consider that on both fronts i think it's incredibly frightening and to the

00:42:53.340 specifics there by the way for her to pretend that above 100 debt to gdp ratio is somehow sustainable 0.87

00:42:59.180 it's just laughable for anybody who's willing to actually do even just a little bit of homework

00:43:03.120 and look at economic history yes ridiculous that's where the debt ceiling is everything steve cortez

00:43:08.940 uh quickly what's your what's your coordinates how do they get to the substack yes and please read

00:43:12.560 my new article at cortez steve on the twitter steve cortez dot substack dot com to read about

00:43:18.840 immigration the number one issue thank you brother thank you birchgold.com learn about the debt

00:43:27.360 the debt trap is the third installment birchgold.com slash bannon go there now plus all the free

00:43:34.940 information kits rebecca koffler mike lindell next in the world

00:43:39.300 covidtaxrelief.org got a small retail business almost eighty thousand dollars covidtaxrelief.org

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00:44:26.840 you do the work and take a huge percentage of your refund covidtaxrelief.org receives a low

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00:44:58.540 the refund examples are not a guarantee and not all businesses qualify that's what you have to check

00:45:04.700 today with covidtaxrelief.org your host stephen k bann

00:45:11.040 okay we're going to be up on getter all afternoon make sure you go to getter both the worm site my

00:45:17.960 site we're going to be doing live streams all of it so make sure you get there great commentary i'll be

00:45:21.960 putting up articles too rebecca koffler is going to join us back in the six o'clock show we have 0.98

00:45:26.480 also general tata from uh president trump's administration is also going to join us we're

00:45:31.540 talking about the ccp the geopolitics all this the impact on the american economy the world economy 0.94

00:45:36.780 and your life rebecca you've got a great piece up there give me a couple of minutes now to tease us

00:45:41.160 for six o'clock about uh about the xi putin meeting ma'am sure well uh joe biden has created uh steve

00:45:49.900 a multi-headed geopolitical monster uh russia and china are joining forces but not only that they are 0.65

00:45:59.380 leading what effectively is an anti-u.s bloc that includes also iran north korea syria remember how

00:46:08.360 uh xi and putin strategized before putin's invasion of ukraine well they just got back together

00:46:15.880 for a three-day state level meeting where they strategize what it is that they do not next and

00:46:23.180 here's what they will do they basically want to replace the united states as the dominant economic

00:46:30.840 and military power by 2049 with china becoming the center of gravity they're creating an alternative 0.99

00:46:39.880 architecture to the western uh financial architecture they're trying to replace the u.s dollar

00:46:46.460 with petro yuan and joe biden by his nonsensical policies is just simply enabling that in addition to

00:46:54.960 that steve we're in the riskiest period in modern history why it's because we potentially are facing

00:47:01.940 a two-front war one with russia over ukraine that joe biden is hell-bent on uh throwing weaponry to

00:47:10.000 and the other one is with china over taiwan and if we push uh ukraine if we push too much weaponry into

00:47:19.920 ukraine and if we support zelensky in retake trying to retake crimea this is a red line for

00:47:27.060 putin that will trigger the nuclear war uh and so we are at this point unable to wage to front war

00:47:35.000 i i want to hold that to six we're going to get into details how do people what's the social media

00:47:40.520 how did they get to your book how they get to everything before six o'clock i'm on twitter getter

00:47:45.560 and truth rebecca zero one three two and she's got a great piece up on fox right now i think it is

00:47:53.840 we're going to push it out we'll see you at six o'clock we're going to death the most dangerous time

00:47:57.600 in american history is right now even as we speak rebecca koffer thank you so much see you back here at

00:48:04.280 six mike lindell it's a it's a treacherous time in world history we have an illegitimate regime

00:48:13.600 at the head that's why this is all happening why is arizona a big deal about turning this thing

00:48:18.440 around sir it's it's the biggest deal steve uh yesterday uh with them ruling that they can look

00:48:24.620 at their c signatures there's over a hundred thousand signatures there that we think are bad

00:48:30.140 and uh carrie lake uh they say she lost by 17 000 but it's a big deal because the judges actually this

00:48:37.780 is a win they said hey you gotta look at this instead of kicking the can on standing or sanctions

00:48:44.480 and all these things this is huge everybody and i've been telling everybody the judges will bring

00:48:49.760 this country back we've got to keep praying for them pray that they actually be judges and they look

00:48:54.960 at this and go whoa i gee it says here you can't do this it's against the law but here's what we do

00:49:00.620 it's very easy it's very simple we got to go back to following the laws this is a huge thing

00:49:06.920 absolutely huge how many but they fought this and they this is the one they came after to carry

00:49:14.880 lake criminally they're so freaked out about the signature verification the 17 000 votes is what

00:49:20.060 separates it what scale are we talking about about questionable votes here about the about the

00:49:25.500 unverified signatures sir yeah it's over a hundred thousand it's like a hundred and five thousand i've

00:49:32.000 just checked on that before i came on and uh this is a now how and how long how it takes or what's the

00:49:38.700 process from here you know i don't know that but i do know this those judges could have just said you

00:49:44.580 know what we're gonna kick the can we're not gonna look at this instead they did and said hey there's

00:49:49.500 something wrong here that was done wrong and this is a system failure steve this is a massive system

00:49:56.740 failure and we've got to uh uh we've got to give uh you know credit where credit's due this is huge

00:50:04.260 that those judges decide you know made a decision we're not going to kick the can we're going to push

00:50:09.500 this back and you're going to look at these signatures and we're going to find out all the

00:50:13.560 truth's going to come out everybody the truth has to come out this isn't just about carry lake being

00:50:19.260 governor anymore this is about our laws and our constitution and judges looking at things and saying

00:50:25.000 uh here you did you broke a law here over here um here's what we do and uh so this is i i was so

00:50:32.840 happy when i heard this last night and and uh it's all over it's all over social media it's all over

00:50:38.580 you know it's dave you wonder you wonder what would happen if places like fox actually started reporting

00:50:44.300 these these winds now that are going to come rolling in every day we just had another another county

00:50:50.640 and go to machine free in florida yesterday uh we've got so many great things going on around

00:50:56.060 the country and it needs to be reported

00:50:58.400 by the way i don't think they have much i don't think they have much interest in carry lake

00:51:05.020 or reporting this talk to me about talk to me about the launch of my pillow to tell me about

00:51:10.420 launch of my pillow 2.0 last night we were up so late on the show and other things are breaking

00:51:15.900 other things we're working on i got a couple hours of sleep but i could do the show with all my

00:51:20.380 natural energy because of the great products of my pillow particularly the new pillow tell us

00:51:25.620 about it well i want to i want to announce here today i just found out this morning over the last

00:51:31.420 two weeks with everybody's help here on war room and with the my pillow 2.0 we hired over a hundred

00:51:38.220 new employees the last two weeks so this is they're all back to work making this the most incredible

00:51:44.440 product pillow of all time we improved on it's the my pillow 2.0 it's now got temperature regulating

00:51:51.480 thread on the fabric the exclusive fabric we have combined with the patented fill it's a buy one get

00:51:57.800 one free using the promo code war room but steve i'm going to go the extra mile my employees and i

00:52:03.040 want to thank all your audience we're going to change it up a little bit we're going to add

00:52:07.420 the percale sheets everybody we're clearing them out we're never bringing them back and it's a

00:52:12.640 we're going to clear them out like we did the all season slippers 39 for king sets 35 for queen

00:52:19.520 sets 25 for twin you can't this is uh you know it's exclusive right here i've been i'm announcing

00:52:26.300 anyway right here on the wall wow mike thank you so much honored to have you on here i know the

00:52:33.040 arizona thing is huge if it was not for michael and dell having carrie carrie lakes back remember

00:52:39.080 it was mike lindell that had her back when everybody else abandoned her this fight is

00:52:44.300 absolutely central not just for 2024 but for the here and now in arizona mike lindell honored to have

00:52:49.320 you on here charlie speaking of arizona charlie kirk the fire-breathing populist nationalist from

00:52:56.820 turning point usa follows us right here on real america's voice stick around you don't want to miss

00:53:01.560 anything of charlie we'll be back here at five five to seven tonight war room posse you already

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Bannon's War Room - March 23, 2023

Episode 2608： We Are Still Facing A Crisis At The Border

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