Bannon's War Room - April 18, 2023


Episode 2670: Steady Decline Of America's Cities


Episode Stats

Length

55 minutes

Words per Minute

173.2172

Word Count

9,618

Sentence Count

28

Misogynist Sentences

1

Hate Speech Sentences

17


Summary

In this episode of War Room, Stephen K. Bann and I discuss the crisis in the housing market, why the Fed is not going to stop hiking rates, and what the Fed should do about it. We also talk about why institutional investors should not be allowed to buy single family homes in the United States.


Transcript

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going medieval on
00:00:10.240 these people here's not got a free shot all these networks lying about the people the people have
00:00:16.840 had a belly full of it i know you don't like hearing that i know you try to do everything
00:00:20.580 the world to stop that but you're not going to stop it it's going to happen and where do people
00:00:24.180 like that go to share the big line mega media i wish in my soul i wish that any of these people
00:00:32.000 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
00:00:39.920 country this country will be saved war room here's your host stephen k bann
00:00:47.100 patriots you surely know people in your life who are struggling to buy a home could be young
00:00:57.820 citizens who are trying to get their lives started or the hard-working strivers the working class folks
00:01:02.480 who are aspirational and want to be upwardly mobile all of them finding it nearly impossible to buy a
00:01:08.180 home largely because of biden's inflationary fiasco that makes interest rates soar and mortgages
00:01:14.360 unaffordable but also because of increasing institutional investor participation in the
00:01:19.940 single-family home market let me show you what i mean by the numbers used to be near zero percent of
00:01:25.620 homes were sold to institutions it got into the double digits by 2020 by 2021 13.2 percent of all
00:01:32.200 single-family homes were bought by institutions according to metlife projections that number is going
00:01:37.160 to be 40 percent by the year 2030 we're not too far from that right now in the state of texas almost a
00:01:43.480 third of all homes being sold to institutions the majority in tarrant county and they're paying up
00:01:48.800 they're paying 70 percent above the statewide median price for a home in the state of texas if we're
00:01:55.540 going to keep the american dream of home ownership alive particularly for young people and for the
00:02:00.640 strivers we need to curtail if not eliminate institutional participation in the single-family housing
00:02:07.280 market this is a populist imperative into 2024 elections okay welcome back it's uh tax day it's
00:02:16.160 the uh 18 april tuesday in the year of our lord 2023 so how do we how do we do this particularly the
00:02:23.240 fact that uh was it is it 90 day treasuries what's popped over five percent there's all kind of bad
00:02:29.480 news coming out of capital markets how does this inform what's going on in the housing market because
00:02:35.580 aren't they going to argue well hey people can't afford mortgages anymore so the institutions have
00:02:40.100 to step in and bail out the home builders sir and and you're exactly correct this is very relevant to
00:02:46.980 this discussion the the mortgage unaffordability or the housing unaffordability issue is only going
00:02:52.820 to get worse unless we reverse course you know unless the gop house in particular uh holds the line
00:03:00.060 in debt ceiling negotiations because if we can pull up chart number one let me show you what's happened
00:03:04.780 to very short-term money these are three-month t-bills three-month treasury bills this is extremely
00:03:11.260 fed sensitive that chart goes back 20 years that i'm showing you right there and right now three-month
00:03:17.880 t-bill yields the interest rate on three-month money from the u.s treasury has has vaulted above five
00:03:24.860 percent something it has not done steve since 2007 as i show there in the previous highlighted area
00:03:32.040 we know how things turned out in 2007 by the way is that should the claghorn start first off let's
00:03:42.340 we'll go to 2007 but isn't this the smart money isn't this the biggest downvote on the biden business
00:03:48.660 model you've ever seen right with the jacking up here steve this is a bond market it's a global bond
00:03:55.900 market revolt against biden against his business plan if we can call it that his catastrophe plan
00:04:02.060 against his inflationary madness and what the bond market is also telling us with this move just in
00:04:07.380 the last couple of days with three months because this is very fed sensitive three-month t-bill rates
00:04:12.520 going above five percent is they're saying guess what the fed is not going to ride to the rescue
00:04:17.620 that in other words the fed which has another meeting in a couple weeks is going to either continue
00:04:22.060 hiking rates or perhaps stand pat but the idea that the fed is going to reverse course and start
00:04:27.840 cutting rates which i think a lot of stock market investors are banking on the bond market which
00:04:33.180 generally historically is far smarter than stocks and far smarter than the fed quite frankly normally
00:04:38.480 leads the fed where it needs to go is saying no the fed needs to remain vigilant because inflation
00:04:44.520 while it is less awful than it was say last summer inflation is still still systemic and persistent
00:04:52.080 in the american economy so what i would say though steve to critics who might say you know i'm taking this
00:04:57.560 back to housing uh who might say well if people can't afford them anyway let the institutions buy them
00:05:02.560 hold on steve though here's the thing right i'm not a free market absolutist not at all what matters
00:05:08.640 most to this country is that we have a shared and broad prosperity in the country not a concentration
00:05:15.200 of wealth where relatively few institutions and individuals do well we we have slid far too much
00:05:20.660 that way toward an oligarchy and if home ownership is an important ideal if family formation is a goal
00:05:27.860 of our country then young people and american strivers need to be able to afford a decent home one way to
00:05:35.240 ensure that the biggest way to ensure that of course is stop this inflationary madness
00:05:38.560 but another way is to put limits uh on institutional investment in the single family housing market this
00:05:45.920 is something that never existed before in of any consequence in american history until recent years
00:05:51.220 and if we don't course correct very soon massive financial institutions massive massive funds are going
00:05:58.820 to effectively control the single family housing market in the united states and i don't believe that serves
00:06:04.700 the interests of our society flourishing at all i want to get into janet yellen the de-dollarization
00:06:11.920 lavros meeting with brazil because this is all going to get back to the capital markets and that's going to
00:06:17.860 roll back through the mortgage market because i don't know kids have under 20 by the way if you keep voting
00:06:22.160 for it all you keep voting for it you're going to deserve everything you get uh which is going to be the worst
00:06:28.520 economic crisis in the history of the nation the aren't aren't they going to argue they're going to be
00:06:33.780 all over cnbc uh steve was leesman and these guys all the liberals over there are going to be over
00:06:39.460 oh the the 90 day the three month is is going through the roof because you got russ vote you got chip royce
00:06:47.060 he's going to that a sine qua non of getting a budget deal is to unravel the inflation reduction act
00:06:53.380 the 1.7 trillion giveaway program aren't they going to say this is a rejection of the radicals
00:06:59.480 of the maga republican uh massive uh cut uh radical take the punch bowl away stop the uh stop the party
00:07:06.100 on capitol hill sir steve cnbc and the rest of the legacy media they may try to push that ridiculous
00:07:12.440 narrative but as is normally the case whatever they say the opposite or close to the opposite is very
00:07:17.520 often true and that is certainly the reality right now when we look at the united states budget the
00:07:22.600 united states budget is absolutely out of control and worsening by the day because tax receipts are
00:07:29.060 not even close to keeping pace with the massive increases in spending we took a country that was
00:07:34.680 already borrowing and spending too much now we were doing so at least for sort of understandable
00:07:39.960 exogenous reasons meaning the covid crisis in 2020 but even then i would argue we were borrowing
00:07:46.440 and spending far too much uh we then massively ratch ratcheted up higher ramped it up higher
00:07:51.780 into 2021 even though the u.s economy by that time because of the trump boom 2.0 was recovering with
00:07:58.960 gusto and without inflation so biden created an inflationary spiral rather than recognizing this
00:08:05.220 calamity and saying okay time to pull back what is biden doing he's proposing even more uh a budget in
00:08:11.620 his proposal that is 35 percent higher now than the pre-pandemic 2019 budget so there is no sanity coming out
00:08:20.260 of washington dc either from the white house or from establishment republicans and so given that and
00:08:25.600 given what the markets are telling us about inflation it is more imperative than ever if we are to try to
00:08:31.600 recover some trajectory of fiscal sanity that the house republicans hold the line and i believe by the
00:08:37.940 way you mentioned russ vote i believe that his plan is exactly the kind of plan exactly the kind of
00:08:43.260 blueprint for us to get there now kevin mccarthy proposed at the least holding discretionary
00:08:48.740 spending to 2022 levels i think that's a decent place to start that's a decent baseline to say at
00:08:54.180 the least uh let's sort of do no more harm let's even though that was too much spending uh let's have
00:08:59.580 that be a starting point but the point is steve regarding the bond market the bond market is telling
00:09:04.240 us right now that we are in a very very deep crisis now a lot of folks in washington dc may not
00:09:09.760 understand that they may not care about what the bond market is telling us but guess what even if
00:09:14.200 you've never traded a bond in your life even if you've never watched interest rates this matters
00:09:18.180 so much more to you than anything that goes on in other capital markets matters more than anything that
00:09:23.000 goes on in the stock market and the fact that three-month treasury yield is now hitting higher levels
00:09:28.820 since 2007 should absolutely frighten the bejesus out of every american because here's the other thing
00:09:34.280 steve at least going into the 0809 catastrophe that the housing crisis at least we had a pretty
00:09:40.920 robust economy going into it right now there was unbelievable tumult and unbelievable pain and i'm
00:09:46.320 not trying to diminish any of that especially for folks out there who suffered during that period
00:09:50.360 particularly uh especially if they happen to lose their home which millions of americans did
00:09:53.960 i'm not in any way diminishing that very real pain but at least we went into that crisis in a
00:09:59.500 relatively healthy financial place it's the exact opposite right now steve in other words we are
00:10:04.880 hobbling to the edge of the cliff and about to fall off of the cliff that's the reality right now and i
00:10:10.500 would also stipulate that the risks now are not in the in the domestic in the in the residential housing
00:10:15.160 market the risks primarily are in the commercial real estate market in terms of this commercial
00:10:20.480 that'll be the that'll be the dominant okay i also want for our listeners we're not here to give
00:10:25.460 your financial advice but we let's do a little microeconomics right now not macro on the micro
00:10:30.800 two things are going to happen you see this happening simultaneously they try to get their
00:10:35.040 hands around this crisis a credit contraction and higher rates what does credit contraction mean to
00:10:41.280 you credit contraction means even if you qualify for a mortgage there's going to be less opportunity
00:10:46.200 they're going to pull that back particularly as these real estate the commercial real estate starts
00:10:50.260 to get blown up you're going to see massive credit contraction the other thing particularly these young
00:10:54.580 people remember you should get in the used to get into the uh mail 10 credit cards right you just
00:10:59.480 sign up you get 10 credit cards all those credit cards that have twenty five hundred dollar you know
00:11:03.940 limits and you're tapped at the limit but you're paying the high interest rate you're going to start
00:11:07.980 getting notification from guys say hey we looked at that twenty five hundred man we think we want to
00:11:11.840 go we love you as a customer but it's going to be fifteen hundred so the next time you you send your
00:11:16.760 you send your monthly interest payment a staple a thousand dollar check to that that's what i mean by
00:11:22.060 credit contraction you're going to start seeing that happen all over steve you agree and how is
00:11:27.100 that going to that that's the micro how's that's going to how's that then going to roll through the
00:11:31.420 whole system consumer spending consumer credit mortgages how's that's going to roll through brother
00:11:36.700 an incredibly deep recession steve at least as bad i think as the 0809 recession and perhaps worse
00:11:43.220 because again we entered it in a far weaker state and by the way to that point if we if we can show
00:11:48.640 chart number two slide number two to that point of of tightened lending and then the credit crunch
00:11:53.560 that is looming and to show you just how aloof our policymakers are in washington dc how they either
00:11:58.360 don't understand this or they do they just don't care here's what janet yellen said this is from a
00:12:02.120 reuters article u.s banks may tighten lending and negate the need for more rate hikes so to translate
00:12:10.500 that okay from our secretary of the treasury who i believe is by far the worst secretary of the treasury
00:12:17.260 ever in the history of the united states it's it's an absolute atrocity that she is the inheritor of
00:12:23.180 the effective seat of alexander hamilton but what she's saying there effectively is we are going to
00:12:28.020 crash the economy so badly that that will take care of inflation and listen that may in fact happen
00:12:34.480 all right inflation may dial down because the economy is in such intense pain and there was such a deep
00:12:40.420 crisis that it actually pulls back on inflationary madness but that is still the worst of all scenarios
00:12:46.260 and the fact that she's actually willing to say that publicly she also publicly over the weekend
00:12:50.480 admitted uh in in some uncharacteristic bluntness from janet yellen that the united states dollar is
00:12:56.580 in danger and she admitted that the dollar is in danger precisely because of the harsh u.s sanctions
00:13:02.540 that the u.s has imposed because it insists on escalating the black sea crisis between ukraine
00:13:08.580 and russia and she admitted that many of the largest players in the world are now looking for dollar
00:13:13.400 alternatives so you have her saying domestically here at home gee the fed may not need to raise rates
00:13:19.340 that much more because banks aren't going to lend to anybody and the economy will crash as if that's
00:13:24.740 an acceptable alternative at the same time she's also saying uh while we run these massive
00:13:29.040 uncontrollable deficits that the u.s dollar is in trouble which means steve that the rest of the world
00:13:34.860 will not be nearly as interested or willing to finance our deficits which means that all of a sudden
00:13:40.280 the the the profligacy uh the wasteful exorbitant borrowing spending that we have effectively gotten
00:13:45.980 away with because of the primacy of the dollar that goes away and if we get more normal market
00:13:51.320 interest rates if we get treated by the rest of the world as if we're a bit of an emerging economy
00:13:55.580 which is possible then the united states truly enters a an economic downward spiral and all of that
00:14:03.140 is possible and people who don't think it's possible i encourage you to please look at history
00:14:07.360 countries like argentina were once incredibly wealthy wealthier than the united states by many
00:14:12.020 metrics over a century ago they descended into the same kind of inflationary and debt madness it is
00:14:17.580 possible for the united states to follow that sad trajectory but it's also possible in just these
00:14:22.200 coming days and weeks for us to reverse course for us to start to steer the ship back toward fiscal
00:14:27.440 sanity and shared prosperity in the country and and i think that we need to run on that populist economic
00:14:32.860 message steve hang on one second i want to ask you about roger marshall's the 300 page report
00:14:39.140 uh because you've been the the leader in this reparations thing of the chinese communist party
00:14:44.600 uh the next couple of weeks the posse is going to prove their toughness their metal
00:14:50.900 as we stand in the breach on the debt ceiling fight short break back in a moment
00:14:57.760 inflation has consequences as the fed raises interest rates to combat out of control government
00:15:05.940 spending long-term bonds have diminished in value crippling banks depositors are holding their breath
00:15:12.200 and investors are bailing on bank stocks diversification has never looked more important to you
00:15:20.580 the recent surge in gold prices is directly tied to the extreme market volatility right now this is why
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00:16:24.920 to protect your future text bannon to 989898 today take action use your host stephen k bannon
00:16:34.460 okay uh in this segment we're going to talk about things that president trump calls it the n-word
00:16:44.040 nuclear weapons we're going to talk about two things that are far more destructive and deadlier
00:16:49.900 than nuclear weapons and hey they're pretty destructive steve cortez you've been at the
00:16:55.280 forefront of saying i i don't know what we're doing here but why are we not forcing reparation from the
00:17:00.640 chinese communist party on the right the nation and other nations of what did roger marshall's got
00:17:05.960 300 senator roger marshall has got a 300 page report that says hey it came from wuhan lab from july
00:17:12.460 through september of 19 in to at least two distinct lab leaks of which essentially is a gain-of-function
00:17:19.700 bioweapon your thoughts right sir well congratulations to senator marshall for this excellent and deeply
00:17:25.740 cited report to dr marshall this is so critical on the financial side too steve because reparations are
00:17:32.240 a must uh justice requires it and also the financial condition the united states requires it and listen
00:17:37.800 one trillion dollars which is roughly what uh we owe the chinese by no means solves our debt problem but
00:17:43.480 it is a down payment at least on biological war reparations that the ccp clearly owes to the people
00:17:51.320 of america the far total is far bigger than that uh and i think dr peter navarro says it's roughly 20
00:17:57.080 trillion dollars wherever the amount is a trillion is a good initial down payment that debt should absolutely
00:18:03.400 be released because we know as a matter of fact that even if it wasn't created as a bioweapon i believe
00:18:10.020 it was but even if it wasn't we know as a fact that the chinese 100 knew fully what they were dealing
00:18:17.260 with lied to the world lied to the united states got the fake medical stamp of approval from the world
00:18:22.680 health organization and infected knowingly infected the entire globe including of course the united states
00:18:28.640 this was an epidemiological pearl harbor and they need to pay war reparations starting with that
00:18:35.800 treasury debt i would then move on to tariffs which i think make a lot of sense for a lot of reasons
00:18:40.800 uh but tariffs should be significantly higher and ratchet higher over time to defray what they owe us
00:18:47.020 for war reparations steve how do people uh follow you on social media yeah please follow me on the
00:18:55.040 twitter i'm at cortez steve cortez with an ass appreciate it thank you brother uh let's bring
00:19:01.880 in joe allen joe we had the google uh 60 minutes and we did this again last night on on getter we had
00:19:08.000 this started the elon moss conversation with with tucker before i get it we're gonna play a cold open
00:19:13.100 for you uh elon referred to being called a speciesist we're the head of the luddites here and proud of it
00:19:22.160 just tell our audience what is a speciesist why was that used as a pejorative term thrown at elon musk
00:19:28.400 from larry page the head of uh google so steve speciesist or speciesist as he said it it's a term
00:19:36.560 that gets thrown around a lot by transhumanists you heard um you know we covered last year this push for
00:19:43.000 robot rights and civil rights for artificial intelligence and as crazy as that may sound uh zoltan
00:19:49.920 istvan the one-time presidential candidate for the transhumanist party published an op-ed in newsweek
00:19:56.820 last month arguing for just that and then the hill published another op-ed very similar to that asking
00:20:04.300 for robot rights now what are the people what kind of monster wouldn't advocate for robot rights a
00:20:11.660 speciesist someone who is biased towards their own species in our case human beings against potentially
00:20:19.860 destructive artificial intelligence and robots i just want to make sure people that we're not
00:20:26.200 making this up this sounds like you think this sounds like science fiction this may be the most
00:20:31.940 important things that are happening in the world right now i would actually say the most important
00:20:35.800 things i told mike lyndale never again can you have a machine and i'm not a machine guy but you can't
00:20:41.320 machines got artificial intelligence this artificial intelligence revolution is overwhelming everything
00:20:46.220 and it's just it's going to be followed by other aspects of transhumanism let's play the clip and
00:20:52.160 i'm going to bring joe allen back so all of a sudden ai is everywhere people who weren't quite sure what it
00:20:56.600 was are playing with it on their phones is that good or bad the smartest creatures as far as we know on
00:21:02.340 this earth are humans um is our defining characteristic what happens when something uh vastly smarter than the
00:21:10.520 smartest person uh comes along in silicon form uh it's very difficult to predict what will happen in
00:21:15.760 that circumstance it's called the singularity it's you know there's a singularity like a black hole
00:21:20.280 because you don't know what happens after that it's hard to predict i don't think the average person
00:21:25.760 playing with ai on his iphone perceives any danger can you just roughly explain what you think the
00:21:31.260 dangers might be it has the potential uh however small one may regard that probability but it is
00:21:36.260 non-trivial it has the potential of civilizational destruction you think that's real it is it is
00:21:45.020 conceivable that ai could take control and reach a point where you couldn't turn it off and it would
00:21:48.760 be making making the decisions for people yeah absolutely absolutely no it's that's that's definitely
00:21:55.900 where things are headed for sure the the reason uh open ai exists at all is that larry page and i used
00:22:02.940 to be close friends and i would stay at his house in palo alto he really seemed to be um once sort of
00:22:08.960 digital super intelligence basically digital god if you will uh as soon as possible um he wanted that
00:22:15.660 yes he's made many public statements over the years uh that the whole goal of google is uh what's called
00:22:23.000 agi artificial general intelligence or artificial super intelligence you know and i agree with him
00:22:27.800 that there's great potential for good um but there's also potential for bad if you have um a
00:22:34.020 super intelligent uh ai that is capable of writing incredibly well and in a way that is very influential
00:22:41.440 you know convincing then and and it's and it's constantly figuring out what is more what is more and what is
00:22:47.180 more convincing to people over time and then enter social media for example twitter uh but also facebook and
00:22:53.940 others you know and and potentially manipulates public opinion in a way that is very bad how would we even
00:22:59.840 know in effect microsoft has a very strong say if not directly controls uh open ai at this point um so you
00:23:07.920 really have an open ai microsoft situation and then a google deep mind uh of the other two sort of heavyweights
00:23:14.080 in this arena so i i i think i will create a third option um although starting very late in the game of course
00:23:22.440 an ai that cares about understanding the universe uh it is unlikely to annihilate humans because we are
00:23:29.520 an interesting part of the universe uh hopefully they would think that we have souls and that makes
00:23:35.600 us sentimental and reflective it gives us a moral sense longings can a machine ever have those things
00:23:43.260 i i i take somewhat of a scientific view view of things which is that we might have a soul or we might
00:23:48.520 not have a soul i don't know the overarching goal of neural link is to create a ultimately a whole brain
00:23:54.340 interface in you know in the long term literally could interface with uh every aspect of your brain
00:24:00.160 kind of what what do we do about ai like what do we do about artificial general intelligence if we have
00:24:07.400 digital super intelligence that's they're just much smarter than any human how do we mitigate that risk
00:24:15.740 um and then even in a benign scenario where the ai is uh very very benevolent then how do we even go
00:24:24.740 along for the go along for the ride how do we participate so you want to be able to read the
00:24:30.480 signals from the brain you want to be able to to write the signals that you want to be able to ultimately
00:24:36.560 do that for the entire brain and then also extend that to communicating to the rest of your nervous system
00:24:44.320 so this is a pager who is playing a monkey mind pong a pager has a neural link implant in this video
00:24:54.000 it's sort of like having an apple watch or a fitbit replacing a piece of skull with like a you know a smart watch
00:25:02.340 ai will make jobs kind of pointless probably the last job that will remain will be doing
00:25:09.200 writing ai software and then eventually the ai will just write its own software
00:25:14.280 okay um as important you as this audience is for um the head of the creditors committee
00:25:24.920 there's something that supersedes that and that is this this is a crisis in an emergency
00:25:31.120 and you you can see it when he's talking about larry page what is going on and what they're building
00:25:37.500 and what they continue to build nobody is going to be able to control it is so obvious about that
00:25:43.240 and i am more of a hardliner than this than anything else i've ever been a hardliner on
00:25:48.740 we have to defend and he says you may or may not have a soul okay look we talk for the people that
00:25:55.440 have a soul okay maybe you don't maybe you think you don't but joe allen this is quickly
00:26:04.540 spinning out of control sir
00:26:07.140 steve what we're talking about is oftentimes compared to a nuclear arms race and for good
00:26:14.380 reason two scenarios that really are nightmarish one the one that elon musk is talking about and
00:26:21.600 all these other guys that we bring up are talking about is that artificial general intelligence because
00:26:27.660 it is faster than humans and can process way more data would be completely out of human control
00:26:33.880 and could gain control of any kind of critical system like nuclear weapons or like a bio lab
00:26:40.080 where it could manipulate human beings to destroy each other that is nightmare scenario number one
00:26:45.160 over in the worst possible category nightmare scenario number two you don't even need super
00:26:52.140 intelligence you just need artificial intelligence systems that are sophisticated enough to monitor
00:26:58.280 entire human populations and control them through specifically tailored propaganda or other mechanisms much like
00:27:07.920 we see in the chinese uh communist parties society so what we see with musk is an open sort of
00:27:15.480 transhumanist technocrat who is saying that technology is a problem so what we need is more technology and we
00:27:22.700 need our good technology at x.ai and these are supposed to be the good guys the good guys
00:27:30.040 take dr marshall's report on the chinese communist party and what they were doing in wuhan in building
00:27:38.280 contra to the treaty they signed on bioweapons they were building offensive biological weapons in the wuhan lab
00:27:46.760 that i still say hey maybe inadvertently escaped i know a lot of people my phone are blown up they say hey they
00:27:51.960 let it out on purpose whatever they that is on the biological weapons side you don't think they're
00:27:58.200 doing the same thing on the artificial intelligence side you're kidding yourself and this is where we
00:28:02.880 have no margin for error joe hang on uh we got a lot of wood to chop here in the last 30 minutes
00:28:09.920 and we're going to chop it off okay joe allen's going to join us we've got the liberty council
00:28:14.840 on um transgender ideology we've got a lot going liz you're another fiasco at the united nations okay
00:28:22.840 all next in the war room friends it's hard to trust anything anymore our most important institutions
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00:30:04.060 yes um i mean the the the reason uh open i exist at all is that um larry page and i used to be close friends
00:30:14.780 and i would stay at his house in palo alto and i would talk to him late into the night about uh ai safety
00:30:20.600 and at least my perception was that larry was not taking uh ai safety uh seriously enough um and um
00:30:29.360 what did he say about it he really seemed to be um what once once sort of digital super intelligence
00:30:36.860 basically digital god if you will uh as soon as possible um he wanted that yes he's made many public
00:30:44.460 statements over the years uh that the whole goal of google is uh what's called agi artificial general
00:30:50.500 intelligence or artificial super intelligence you know and i agree with him that the there's great
00:30:55.380 potential for good um but there's also potential for bad and so if if you've got some um radical new
00:31:02.080 technology you want to try to take set actions that maximize probably it will do good to minimize
00:31:07.820 probably it will do bad things yes um it can't just be helpful either let's just go you know
00:31:12.960 barreling forward and you know hope for the best and then at one point uh i said well what about you
00:31:19.500 know we're gonna make sure humanity's okay here um and and and um uh and then he called me a speciest
00:31:28.260 did he use did he use that term yes and there were witnesses i wasn't the only one there
00:31:36.180 when he called me a speciest and so i was like okay that's it uh i've yes i'm a speciest okay
00:31:42.520 you got me what are you yeah i'm fully a speciest um busted um so um that was his last role at the
00:31:55.560 time uh google uh had acquired deep mind and so google and deep mind together had about three
00:32:01.060 quarters of all the uh ai talent in the world they obviously had a tremendous amount of money
00:32:05.400 they also have the remember it's the it's the computing muscle they're the top in the world
00:32:12.660 or in the top couple in the world um this term once again define it joe i will figure it by getting
00:32:20.000 you on this afternoon or tomorrow because this is so important but speciest basically somebody that
00:32:26.920 defends that believes that the human human beings are made in the image and likeness of god
00:32:30.900 this is why i talk about mocking the uh the eternal sin of mocking the holy spirit it's right there
00:32:35.500 and you got this guy you got these guys at google and this what scott pelly and 60 minutes dance
00:32:41.060 they should have been playing these quotes they should have been playing the quotes from larry page
00:32:45.060 and sergi uh digital god artificial general intelligence artificial super intelligence all you
00:32:52.060 got to do is look at wuhan lab all you got to do is look at what they've been playing with on these
00:32:55.860 bioweapons which are beyond deadly and beyond uncontrollable joe allen
00:33:00.900 yes steve i mean you know musk obviously comes off very very amiable there i think uh all of us
00:33:08.520 agree that speciesism is not the worst sin in the world but what you also saw in that interview with
00:33:14.060 tucker carlson is musk's attempt to gain the trust of those on the right and the same people in the
00:33:21.060 middle i think he's done a very good job of that a frighteningly good job of that and when he's
00:33:26.500 putting forward this competitor this third option beyond microsoft and google's artificial intelligence
00:33:33.780 system his x ai system it comes with a neural link right it comes with uh optimist the robot it comes with
00:33:44.180 the x app which is what twitter is supposed to become a payment system that uh integrates finance
00:33:50.980 into social media and the artificial intelligence systems that are working there so uh you know to
00:33:58.480 me steve what i see is undoubtedly this competitive race of uh towards artificial general intelligence
00:34:06.300 playing out uh in in the same sort of way that nuclear weapons did but in the same way that robert
00:34:12.780 oppenheimer was the one who warned against nuclear war robert oppenheimer was also largely responsible
00:34:20.620 for the construction of the bomb elon musk is jumping into the fray to create the artificial
00:34:26.760 intelligence bomb he's warning about anybody that's watched that interview and maybe we'll replay it
00:34:34.180 to anybody watch that interview with tucker carlson last night that's buying this guy snake oil
00:34:38.100 uh you're a fool let me just be blunt any the right any the fanboys and and my brother darren
00:34:44.680 beady who i love anybody that's out there fanboying for in la mosca you're a fool you're a fool you're a
00:34:52.440 fool you think you trust this guy if you trust him you're a fool okay uh how did we get to you uh
00:34:59.820 joe we'll get you back on how does the interview last night i thought exposed everything you needed
00:35:04.300 to expose about he's a day he's a he's not as dangerous as paging these guys or these companies
00:35:10.120 literally are be shut down right now they'll be seized and shut down let me repeat that they ought
00:35:14.900 to be seized and shut down this is going to go to an emergency i've been telling you guys it's going
00:35:21.960 to go to emergency now it's all coming out how we get to you joe joe bought dot xyz war room dot org
00:35:31.580 under the transhumanism tab social media at joe b-o-t-x-y-z thank you very much steve
00:35:38.840 thank you brother forget the i told lindell if you don't every democrat look it is artificial
00:35:47.120 intelligence in a free society are totally and completely incompatible let me repeat that
00:35:54.120 artificial intelligence in a free society are absolutely and totally incompatible
00:36:00.960 full freaking stop
00:36:03.420 i want to bring in now matt staver over at liberty council the work you guys have been doing is
00:36:09.740 incredible uh i got to get this up about the satanic clubs just wanted people to understand
00:36:13.680 you've been leading the effort throughout the country to have kids have good news clubs right
00:36:18.100 can you describe what that is and how that's kind of i'm not saying triggered but these satanic clubs
00:36:23.320 that try to try to um basically get these young people and turn them into satanic temple uh devil
00:36:30.800 worshipers uh satanic worshipers part of the satanic cult walk me through how that's playing out
00:36:36.480 throughout the country sir yes we represent child evangelism fellowship which sponsors the good news
00:36:42.620 clubs and there's a case that began at the united states supreme court that really set the landscape for
00:36:47.400 this going back to june 11 2001 that found that it's unconstitutional to allow other clubs for
00:36:54.200 example like the boy scouts on campus while you're excluding christian clubs like the good news club
00:36:59.040 so these are elementary school clubs k through five some in the lower middle schools generally kids five
00:37:06.180 through 12 and they have after school programs they only allow kids based on parents permission
00:37:13.620 there's now over 4 800 good news clubs in elementary and in middle schools around the country we've never
00:37:21.220 lost a case we've had over 200 cases on behalf of good news clubs and child evangelism fellowships so
00:37:26.500 they're very successful principals frankly have asked for these good news clubs because they see a positive
00:37:33.380 benefit in the behavior of the kids after a good news club comes on campus after school well this
00:37:39.300 caught the attention of this french group the so-called satanic clubs organization and they have one
00:37:46.900 purpose and that is to remove good news clubs by scaring school board officials and local officials
00:37:54.020 into saying that well you have the good news club on campus so we the satanic clubs have a right to meet
00:38:00.020 on campus as well and we want to be able to meet their whole purpose is not really to meet their
00:38:06.580 whole purpose is not to have a club their whole purpose is to scare the school officials into saying
00:38:11.940 we're not going to allow you to meet and oh by the way we're going to shut down the good news clubs
00:38:16.020 well that hasn't happened the good news clubs are continuing to grow frankly what we see is more of a
00:38:23.940 media smoke screen that they put forth they present information that they're meeting on campus what
00:38:32.820 happens in reality and we've traced these is that yes they may ultimately meet on campus but they fizzle
00:38:38.660 out because nobody wants to send their kids to these so-called satanic clubs now they're putting out
00:38:44.100 different videos that are not scary ghost and goblin satanic videos they're putting out videos that show
00:38:51.140 that maybe they can have fun but frankly they are playing with fire the people that actually started
00:38:57.380 it are not true satanists they're actually more agnostic or atheist but they use satanic symbols
00:39:04.420 and therefore they're playing with fire by doing so to use this as a scare tactic and they present it to
00:39:11.540 the media anywhere whether it's a public school with after school clubs or some other place like in the
00:39:18.900 case that we won at the u.s supreme court nine to zero in the boston case with regard to the christian
00:39:24.980 flag they try to come after us behind us and they try to have the same kind of access so they send out
00:39:32.580 press releases get a lot of media they have a lot of hype and then when you go back and you investigate
00:39:38.660 what success they had if they did start they fizzled out because eventually people just simply say
00:39:46.340 we have no interest in this but that's their whole reason for existence their whole rates on debts
00:39:51.540 if you will and that is to eliminate good news clubs you know what it's not going to happen
00:39:56.100 we're continuing to grow these good news clubs school principals other people around the country
00:40:00.900 they recognize that these good news clubs that teach good character from a biblical perspective you
00:40:06.500 know what the kids actually begin to respect one another they begin to respect their parents they
00:40:11.380 begin to respect their teachers and they see a visible positive transformation in the kids and
00:40:17.060 that's why these clubs are growing so rapidly but but obviously the the good news clubs the benefits
00:40:22.900 are self-evident isn't the issue you got these parents and it just takes a couple kids because
00:40:27.940 the way they're selling it we played the jingles on uh and showed the videos on saturday i think my
00:40:33.220 sister was here she she brought up because a lot of people she knows worried about this they make it
00:40:37.220 into self-empowerment they they don't really you're not having the they're not sacrificing animals
00:40:42.820 right they're they're not doing black mass at the beginning they're looking at it as a self-empowerment
00:40:48.020 tool if you look at this it's all the it's all the modern therapy you know the 21st century modernist uh
00:40:54.580 modernism's you know self-help therapy is all this the kid can be self-empowered they can have
00:41:00.340 self-respect they do all this isn't the issue is any of these get traction at all maybe they don't start
00:41:06.180 with anybody but you just get one or two kids that get sucked into this next thing you know
00:41:10.580 you've got you know a third of the school is there for self-empowerment and they're leading them down
00:41:14.580 the path to it may start with agnostic and atheism but it leads down to as bad as that is as horrible
00:41:21.620 as that is it leads you down to something actually more more perverted sir yeah no i agree with you
00:41:28.420 steve that's that's certainly right uh on the one hand uh oftentimes there are a flash in the pen and
00:41:34.820 they fizzle out on the other hand they're not sacrificing you know people or animals as part
00:41:42.180 of their rituals but they're playing with fire with these satanic symbols or they call themselves
00:41:48.180 satanic clubs and now they're going into these self-help issues and the problem is not whether
00:41:53.620 you have a lot of these proliferate i don't think you will but even having some of them you're going to
00:41:58.980 have kids that get involved in some of these clubs and the consequences although they may look like
00:42:06.740 fun and games at the beginning are going to be problematic the longer that they're led down this
00:42:12.180 false path i think schools ought to you know good news clubs child evangelism fellowship which is the
00:42:18.180 sponsor of them they on their own require parents to consent to any kid that comes to their club it's
00:42:25.060 not a school requirement it's a national requirement by the organizations schools can require parental
00:42:31.300 consent for all their clubs as well there's other ways to deal with these kinds of nonsensical
00:42:36.340 problematic clubs like these satanic clubs and most of parents are not going to sign a permission slip to
00:42:43.140 go to some satanic club because that's what their name is so that itself yeah but yeah yeah but you can't
00:42:50.340 yeah but you got these teachers so heck you got half these teachers we we're going to have robbie starbuck and
00:42:54.740 his wife landed on tonight at six o'clock we're going to go through the whole thing of uh of what
00:43:00.820 major minor uh discretion where they're pushing this uh for children can have their own consent at 12 years
00:43:07.140 old and the teachers are pushing this the teachers in the school two-thirds of the teachers in the
00:43:11.540 school i wouldn't trust right now i just wouldn't around the children oh i agree and what they're
00:43:15.220 pushing i mean hang on matt matt matt matt hang on for a second just we're gonna hold through break i want
00:43:19.940 to get to the salute i want to get where people can go and get more information about this because
00:43:24.180 we got to get on top of this i understand you know being part of this audience is not the easiest thing
00:43:29.140 in the world but hey you got to say look divine providence put me here for a reason
00:43:35.780 you're raising detras they say divine providence has got you here for a task and a purpose
00:43:42.340 i didn't say it was gonna be easy i never promised that at all i said it was gonna be hard
00:43:48.900 damn hard okay short break matt staver i got the one and the only liz yore next in the war room
00:44:02.580 in joe biden's america criminals are exalted and the police are condemned sad to say but you need to be
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00:45:19.300 tried to cut seniors benefits in congress de santis voted three times to cut social security
00:45:25.700 even to privatize medicare worse de santis wanted to raise the retirement age to 70 ron de santis would
00:45:32.900 make us work longer to get less president trump promised we will protect medicare and social
00:45:39.940 security president trump delivers and he always will make america great again inc is responsible
00:45:46.260 for the content of this advertising man that is central to these uh these debates going on right now
00:45:53.460 you're going to be in the uh the forefront of this this audience uh so we get it we're going
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00:46:35.060 but download it all go there today uh matt staver uh liberty council you guys are the yeoman in the
00:46:42.500 vineyards right working how do people get there particularly i know they're gonna be a lot of
00:46:46.820 questions about these satanic clubs people are very very upset about this and also they they've
00:46:51.220 got to find out more about the good news clubs where do they go to find out more about you guys
00:46:55.780 and actually make contact with you sir steve they can go to liberty council's website very simple lc.org
00:47:02.740 that's just lc.org if you have questions you need assistance we're there to help and we
00:47:08.420 do that at no cost that's part of our ministry at liberty council
00:47:11.220 by the way the way we're going to win is the matt stavers of the world the liz yours of the world
00:47:17.220 the people line up on our football are not going to back down one inch they got the toughness the
00:47:21.140 grit the smarts and the fighting spirit they're not going to back down that's why i say i i i like
00:47:26.820 our odds here it didn't say it was going to be easy but i like our odds because i like the people
00:47:31.780 on our side of the football call me a speciesist if you may matt thank you very much honored to have
00:47:38.660 you on here brother great work at liberty council you guys are great thank you steve thanks for all
00:47:42.340 you do thanks brother liz your united nations walk me through you got to walk me through the logic of
00:47:51.460 this i don't understand it it does play in people that mock the q guys and mock the thing and i i've
00:47:56.820 been in the past saying anybody says white hats doesn't know what they're talking about but you see
00:48:00.980 this and i mean you tell me what is this thing with the united nations and the in the no criminalization
00:48:08.020 of any kind of contact with young people by adults on on on the sexual uh the predator nature what
00:48:15.460 what is going on here walk me through this well you know i feared this day um many child advocates
00:48:21.860 for years have been warning about the normalization and decriminalization of pedophilia and lo and
00:48:29.540 behold um no surprise the un has issued a report that's been apparently in the making for five years
00:48:37.940 and it's been pushed by the international commission on jurors so there's many judges on
00:48:43.460 this report from all over the world in fact there's professors from georgetown law um our alma mater steve
00:48:50.260 and yale um and this is essentially what the united nations is doing and once you hear this everything
00:48:57.700 is going to now fall into place you will see what the agenda is the united nations is now declaring that
00:49:04.340 pedophilia is a human right and this so-called human right should not be criminalized or prosecuted
00:49:14.180 they're clearly saying that minors can consent to sex with an adult now in the judeo-christian
00:49:22.260 legal system we know that okay ho ho ho slow down slow down so because i know you're going to get blown
00:49:28.340 up i just want to go back tell me give me the report the official title of the report i want people
00:49:33.140 be able to link to it and just give me it again what the thing hasn't been voted on or approved
00:49:37.940 but it's a official report five years in the making what's the title of the report what u.n
00:49:42.420 establishment and and then people can read it get and what does the report say um and you can see it
00:49:48.260 at your children my um website i posted it it's called the eight march principles for a human rights
00:49:56.100 based approach to criminal law prescribing conduct associated with sex reproduction drug use hiv
00:50:05.380 homelessness and poverty and it's on the u.n aids website and it gives legal advice on issues related to
00:50:14.740 sex involving children under the age of 18 um so this report um is i think the next generation of we have
00:50:25.700 abortion rights we have lgbt rights we have trans rights and now we're going to have pedophilia
00:50:33.140 rights and for all those parents who've been scratching their heads saying you know they're
00:50:37.540 grooming our kids you know with this um in kindergarten in preschool with books and sex ed what is going on
00:50:47.060 this is what's going on they are softening the target so that this report can be the basis of
00:50:55.140 pushing for a worldwide decriminalization of sexual exploitation of children we don't need any more
00:51:04.420 laws on this issue steve we've got state and federal laws that are very strong on protecting children but
00:51:11.380 this is what the elite global elites have always wanted to legitimize pedophilia and in i've never
00:51:20.820 seen a report like this i have never seen a report the opening statement is from a um a former judge
00:51:27.780 retired judge in south africa who is a very prolific gay activist and he talks about himself in the report
00:51:36.100 and he said for many long years in the law as a proud gay man i know profoundly how criminal law
00:51:44.260 signals which groups are deemed worthy of protection and which are deemed worthy of condemnation and
00:51:51.620 ostracism so they are going to destigmatize pedophilia that's the agenda here and um you know it
00:52:00.980 shouldn't come as as yeah yeah we're gonna get into more i just want to make sure the report's out
00:52:07.140 there people can read it and it goes up on your site uh how do people get to you both the site to
00:52:13.460 get the report and then your analysis you put up on social media where do people go sure uh the report
00:52:20.180 is up on your y-o-r-e children my website dot com and i'm everywhere um on all social media platforms
00:52:29.140 under elizabeth yore um so the reports up there i'll be commenting more on it this is a heads up to
00:52:35.140 parents and this report is not going on a shelf steve this report is going operational this is going
00:52:42.180 operational and this is the reason why trump wanted to defund the united nations the un trump was 100
00:52:50.740 correct on this we're gonna have a call to action on this thank you liz i didn't say this show was
00:52:55.940 going to be easy today did i not a lot of happy talk charlie kirk follows us back five to seven
00:53:04.420 i'll be here at six natalie winters at five don't miss it we're going to be on fire in the war room
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