Bannon's War Room - Episode 2708： Exacerbating The Financial Crisis

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

00:00:09.960 these people here's not got a free shot all these networks lying about the people the people have

00:00:16.560 had a belly full of it i know you don't like hearing that i know you try to do everything

00:00:20.320 in the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:23.900 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:31.720 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:39.660 country this country will be saved war room here's your host stephen k band

00:00:53.900 well one day back from the beach one day back from the beach of course in the war room now

00:01:18.400 i'm too edgy right i don't think a juice is gonna i don't think my juice my sippy cup my juice is

00:01:25.400 gonna calm me down i gotta go that's that's that's live on the stage in in uh in budapest that's the

00:01:31.800 hungarian folk dancing i love folk day you know mode people don't realize this captain bannon was a

00:01:37.300 champion level irish folk dancer when she was a little girl um it's very soothing because joe allen

00:01:44.060 and brat combined have got me jacked up today um and i've still got the whole show to go to we got

00:01:49.100 we got investigations we've got um politics polling capital markets

00:01:54.980 but is all that going to matter and all the fights we've got which we got to win those fights

00:02:01.900 if if this thing doesn't we don't get on top of this and now you're seeing the official

00:02:05.960 oops and here's what i really feel great about they've probably given this to the most incompetent

00:02:13.720 person let's face it even the democrats know that she's completely over her head you know

00:02:19.280 completely it's it's they've given it to the most incompetent person that hasn't succeeded

00:02:23.820 in anything the administration's given her so when we talk about the end of humanity what is camilla

00:02:29.720 what's she doing is she free this afternoon can she take some meetings can she get some briefings

00:02:33.820 she did such a great job and the southern border is about to explode

00:02:38.380 right and and and she's in charge of that she's in charge about five other things all of that

00:02:44.940 have been abject failures no follow-through no command no no no uh owning a room no stepping in

00:02:52.580 and commanding a decision none of it so let's give it to kamala i feel so much better let's give it to

00:02:57.860 kamala we're talking about the proteins and the end of the earth the end of mankind let's put her in

00:03:03.200 charge doesn't it make you feel good doesn't it make it feel good go grab a chamomile tea

00:03:08.380 chamomile tea right now and uh and and and and heat it up and just contemplate that for a second

00:03:13.960 joe allen brother help me out here well you know steve maybe the ai systems can create better brondo

00:03:21.420 with better electrolytes uh then you know kamala harris would at least be in her element when talking

00:03:27.120 about it um so you know i think to to sum this all up i i this this entire kind of public private

00:03:36.380 partnership we see emerging with the federal government big tech and also the biotech corporations

00:03:42.680 uh i don't believe that the federal government will rein in these tech corporations any more than they did

00:03:48.200 when google search dominated uh over 80 percent of all search results and the information flow on the

00:03:54.700 internet uh nor did they do anything when it was very clear that facebook twitter and all these

00:04:01.000 others instagram all these social media companies were basically turning children into smartphone

00:04:06.220 zombies they did absolutely nothing about that i can't imagine that they're going to take on the

00:04:11.520 most powerful tech corporations in the world with one of the most powerful technologies if not the most

00:04:16.480 powerful technology in the world i think what will happen going forward there'll be a lot of talk

00:04:22.160 about how they're going to make sure that it's not a discriminatory ai there'll be a lot of talk to

00:04:27.620 say okay well if these companies perpetuate fraud we're going to come down on them but there's really

00:04:33.540 no way once the cat's out of the bag right once that happens there's really no way to fix it if people

00:04:41.060 have access to the technologies if they democratize the technologies which is one of the things they talk

00:04:45.960 about all the time as far as social justice that means that any bad actor anywhere uh can use it for

00:04:52.780 generating misinformation uh for a sowing social discord by way of misinformation and of course by

00:05:00.140 generating uh you know cheaply made bioweapons one of the things that renee wegerson from the uh from

00:05:07.520 arpa h talks about is that you can go on to the internet and buy a very very cheap like a few hundred

00:05:14.380 dollars crisper kit you're not going to be able to create something super sophisticated but the fear

00:05:19.880 that she expresses the woman who is working on pushing biotech forward is that you will just get

00:05:26.560 some rando with just enough skill to create something extremely dangerous and like i say these tech

00:05:33.260 corporations yeah they're mitigating risk the big risk they're worried about is being left behind

00:05:38.900 the big risk that they feel is a threat to them is that they won't be first to create the most powerful

00:05:45.800 narrow ai and of course the goal they're all looking forward to to create a god-like artificial general

00:05:53.380 intelligence and i think that that's the situation we find ourselves in here steve these companies are

00:05:59.040 going to race forward no matter what and the government will just kind of function as pr for them

00:06:04.840 ultimately you talk about the public private partnerships and i want to make sure this is

00:06:10.200 what your tax dollars this is one of the reason why cut the federal budget so dramatically talk to me

00:06:14.600 about the national side when you get to bratz point you're dealing with people that don't come from the

00:06:20.520 same ethical framework of the judeo-christian west uh this framework that's listed you know lasted from

00:06:28.740 time immemorial it's been passed down generation to generation they're they they're not part of that

00:06:34.940 they've opted out of that because they're so smart they have such wisdom right walk me through the

00:06:41.800 national science foundation don't we have a problem already that the whole place is infested with

00:06:45.940 transhumanist i mean one of the issues we got here see people see no problem with this they're they're

00:06:50.560 all gung-ho on this show allen yeah the national science foundation that's a big part of these

00:06:56.980 these white house initiatives they've got 140 million now to work on uh what was the quote

00:07:03.000 rights and safety and ai well one of the more prominent and certainly from my perspective maybe

00:07:09.100 one of the most important figures there at the national science foundation is william sims bainbridge

00:07:14.460 he's been there for a long time in 2003 he published a paper an enormous document actually some 300 pages

00:07:21.660 on nbic which is transhumanist which is kind of code for transhumanism nanotech biotech infotech and

00:07:30.620 cognitive technology and william sims bainbridge uh being a prominent transhumanist it's impossible to

00:07:38.480 know without being on the inside how influential that is within the national science foundation but one thing

00:07:45.540 i know for certain is that when you look at the sort of rhetoric coming out of big tech or if you look at the

00:07:51.100 rhetoric coming out of people like renee wegrezen at arpa h and then if you look directly at the

00:07:57.020 writings of william sims bainbridge what you see is this kind of open declaration that these people

00:08:02.420 orient themselves towards a transhumanist vision that technology is the highest power and that human

00:08:08.920 beings are best served by aligning themselves with the highest power which is artificial intelligence

00:08:15.640 and the various sort of biotechnologies that artificial intelligence makes possible it's as much a

00:08:22.060 religious revolution as it is a technological revolution uh brad help me out here on this on

00:08:31.120 this framing when you have the people like william sims bainbridge and others that are the leadership

00:08:35.780 of these taxpayer funded efforts and they come from a totally different perspective than the taxpayers sir

00:08:44.080 yeah well joe joe hit it right uh in in describing what's going on it's a race to be first and it's

00:08:52.960 a race to be first to achieve god-like status right and so in the bible this is called idolatry it's uh

00:09:01.380 the key sin it's the original sin uh to replace god almighty with yourself uh humanity has a great track

00:09:09.440 record of doing that when it comes to ethics there's no such thing as ethics i taught this stuff for 18 years

00:09:16.580 so what i'm saying is actually true ethics is the study of the criteria for what is good that is the debate

00:09:25.220 right so hitler had a system where he identified slaughtering people uh for the third reich to be good

00:09:31.980 the chinese have a one child policy uh that selects boys over girls that they call good the judeo-christian

00:09:39.460 tradition has an elaborate system which you just stated has been with us for thousands of years

00:09:44.920 which has in a very sophisticated fashion defined a way uh to get at the good through god and to live

00:09:54.400 out the good it it by far even even empirically there's no competitor to the judeo-christian system

00:10:01.320 of ethics the competing systems are kant or aristotle or buddhist ethics or confucian or islamic ethics

00:10:07.340 etc uh but the scientists you mentioned right the way science proceeds even in ethics is if you have

00:10:14.660 a better system name it and you have to explain more with less right that's how science proceeds

00:10:20.500 it's occam occam's razor and you have to provide a better ethical system than the existing one

00:10:26.360 uh to get rid of it science doesn't even enter that debate and and across you know corporate

00:10:32.500 america and all this corporate ethics and the business ethics and all that most people know

00:10:35.940 that stuff is just a smoke screen to cover liability uh those ethical systems can't stand up to three

00:10:42.420 sentences of questioning as to can you please define the good or the right uh in a meaningful way

00:10:49.040 and so joe's done a just outstanding job of showing what the threat is it's clear and and joe speaks

00:10:56.260 in very sophisticated fashion about uh religious themes that are attached to this supposed you know

00:11:02.540 scientific uh culture that's emerging out there but the american people as you say ought to put the stop

00:11:08.400 uh the brakes on this thing uh immediately uh until we get some social definition of what are we trying

00:11:14.300 to achieve here what is good uh for all of us in the long run and so that's the challenge

00:11:19.920 uh hang on one second dave joe uh can you give people and i know you've worked on a big project

00:11:26.340 uh give people how they can get uh caught up with you also we're announcing ben harnwell's putting up

00:11:33.020 exclusive content on the newsletter you can get that by going to warroom.org totally free joe allen's

00:11:39.940 going to be giving exclusive content we're going to have other people giving exclusive content we want

00:11:43.620 to make sure there's no paywall here it's not going to be a paywall we want to make sure everybody gets

00:11:48.000 access to this uh so joe how do people how do people get to you for your voluminous writings on

00:11:54.860 this topic as you now come to the forefront of one of the great thinkers uh of this movement

00:12:00.420 well steve there's going to be a lot of stuff coming up in the very near future as soon as i uh

00:12:06.220 work out a few kinks on my end with this this project which has taken long enough and is coming to a

00:12:11.740 close um so you can find all my writing at warroom.org under the transhumanism tab

00:12:18.040 joe bot.xyz or my social media getter and twitter at joe b-o-t x-y-z thank you very much steve thank

00:12:27.300 you very much dave appreciate it uh thank you very much um by the way i think i need to take a nap

00:12:35.040 i think i need i think i'm gonna have nap time here again can we do i'm gonna do a my pillow read

00:12:40.640 i got to right i think every i think a lot of people in the audience say hey can i get a pillow

00:12:45.560 and go curl up right now we've just had an hour and 10 minutes of uh of of uh doom and gloom i don't

00:12:52.660 want it to be doom and gloom but i want to make sure people understand as now the authorities finally

00:12:58.380 awaken to the fact of what they've known for quite a while because publicly they understand this is

00:13:02.620 untenable that uh we've got to be in the risk mitigation business in the early years of this

00:13:09.080 it's got to be risk mitigation the upside's all going to be there it's all going to come but you

00:13:13.720 have to be in the risk mitigation business and so far there's been none of that that's why the leaders

00:13:19.840 in in this movement in the transhumanist and in the particularly artificial intelligence aspect of it

00:13:25.960 are all coming uh are all come in fact the guy that wrote sapiens is in the economist

00:13:30.720 the economist has a big article about him remember he wrote homo uh deus um that that warned about

00:13:37.580 this and he's been one of the kind of proponents of it he's now warning against it they're all

00:13:42.860 warning against it go to mypillow.com promo code war room you okay i understand you're gonna have

00:13:49.900 nightmares as we take band and how can you say that and then because you need a good night's sleep

00:13:53.640 you got to get a good night's sleep get the pillow the mypillow 2.0 that's going to give you

00:13:58.900 let's you sleep the sleep of the just in a very unjust world mypillow.com promo code war room you

00:14:06.180 get the the mypillow 2.0 that mike lindell has invented or maybe even better reinvented mypillow

00:14:13.020 2.0 buy one get one free also got the topper big discounts okay massive discounts go to our square

00:14:19.200 we're gonna take a short break we're gonna go from the sublime to the less sublime we're gonna talk

00:14:25.440 about a contagion this is a virus that spreads through the american financial system you know

00:14:31.240 over the last 48 hours jamie diamond joe biden janet yellen uh chairman powell the federal reserve

00:14:39.120 has told us nothing to see here it's all solid markets are not telling you that price is truth

00:14:47.560 next in the war room

00:14:49.920 inflation has consequences as the fed raises interest rates to combat out of control government

00:15:06.660 spending long-term bonds have diminished in value crippling banks depositors are holding their

00:15:12.620 breath and investors are bailing on bank stocks diversification has never looked more important

00:15:20.420 to you the recent surge in gold prices is directly tied to the extreme market volatility right now

00:15:28.160 this is why gold has historically been a great hedge against the stock market and against inflation

00:15:34.360 now would be a great time to diversify into gold with birch gold group birch gold makes it easy to

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00:15:56.520 existing ira or 401ks that are tied to a volatile market into an ira in physical precious metals either

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00:16:11.000 text bannon to nine eight nine eight nine eight to claim your free info kit on gold today with an a

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00:16:30.720 today take action stephen k bannon

00:16:34.340 okay um

00:16:38.480 dave braskin walks through some of this banking

00:16:42.780 remember it's all interconnected and they just can't sit there and tell you hey we don't have a

00:16:48.640 problem it's all solid right it's like that last scene in the in the animal house right nothing to

00:16:54.420 fear here no problem boom the guy gets run over um there's something deeply wrong and that's it gets

00:17:01.360 back to spending that's why this fight is so big and so important the biden spending led to the biden

00:17:07.100 inflation that led to the biden fed having to jack interest rates to try to choke it down

00:17:12.440 um that led to the biden bonds the bonds dropped 80 percent the unrealized losses it it it it it flipped up

00:17:22.720 the balance sheets of these uh of these banks plus consumers or customers started leaving taking

00:17:28.480 their deposits out going to higher returns and it all it's led to this in the regional banks and now

00:17:34.960 as we know we said the commercial real estate business is 80 financed by the regional banks

00:17:43.320 and you've had you know you had the silicon valley banks they had these massive jumbo loans all these

00:17:49.000 dirtbag entrepreneurs and you had three of them all tied to silicon you know silicon valley bank

00:17:55.240 signature and first republic boom they're all gone at your and you're paying for it don't let them lie

00:18:00.640 to you and now they said well that's it you know jamie down it's all it's good now we finished that

00:18:05.100 it's all fine you know because he's buying and getting all the upside and you're you're eating the

00:18:08.820 losses they're socializing they're mitigating risk they know how to mitigate risk here's how they

00:18:15.120 mitigate it uh go look in the mirror just right on your take just right on your mirror mitigation and

00:18:20.960 so you can see you're the mitigator you're you're mitigating the risk of the wealthy they're getting

00:18:25.540 the upside and you're mitigating risk so we got we got a and now with commercial real estate collapsing

00:18:33.900 and that's because the the city centers are out of control with the anarchy of the source back da's

00:18:39.100 it's not surprising this is happening and the lockdowns and now the economy's imploding so the

00:18:46.940 tech companies that were buying all the space oh you know either work for home or you're laid off

00:18:51.060 so you're in a vicious cycle and all they're doing is every day is another line a spin in a uh this is

00:19:00.560 why biden i don't think is going to be their guy this is why you know robert kennedy is at 21 with no

00:19:05.360 money not even a campaign platform and he's going to he's going to cut to and they said oh when the

00:19:11.460 debate started won't be at 21 where they're not going to have debates over there they've shut that

00:19:16.260 down just just i'm gonna get a guy on here tomorrow i think we're gonna try to do it to walk through

00:19:19.980 michelle obama because michelle obama is like a specter over that whole thing don't think the obamas

00:19:25.320 they susan right don't think the obamas are not sitting here you don't think they're going to give up

00:19:29.860 the administrative state in the deep state under no circumstance they're going to let donald john

00:19:35.440 trump return to the white house okay the whole apparatus is against him the entire apparatus is

00:19:42.220 against him from the murdochs to the obama to doj to the fbi all of it they're all against him

00:19:48.740 all of it return to date brett now make sure you go to and by the way philip patrick on saturday

00:19:55.700 we're going to go through this in detail with the geopolitical situation i'm going to have some

00:20:00.200 top guests on here do not miss that show philip patrick's going to join me go to birchgold.com

00:20:06.160 slash bannon this is totally free get at the end of the dollar empire when you know dave bratt

00:20:12.520 talked about loving us what we do in showing that we should we respect you this is not an easy show we

00:20:18.820 don't give you easy homework assignments we're giving it to you from the economist from the ft from the

00:20:23.760 top research places the top papers the top thinkers in the world they're all globalist i'm not telling

00:20:29.640 you to agree with them but you've got to understand how they think and that's how we break it down for

00:20:33.160 you so that you can come to your own conclusions as a populist a nationalist and an american patriot

00:20:39.660 but right now go to birchgold.com and get the end of the dollar empire particularly the third element

00:20:46.840 the third segment installment totally free download debt the debt trap you can also go online and talk

00:20:57.000 to look one of the things we've been breaking here is that central banks been buying gold with both

00:21:01.120 hands the global south is going to a gold backed kind of currency they haven't quite figured it out

00:21:08.040 yet but they got the resources and we have federal reserve notes and the dollar used to be rock solid

00:21:14.620 but it's not now and they know it they know you're they know they get the joke they're doing a

00:21:19.540 devaluation on you they're doing a devaluation on you every day the american citizens they're devaluing

00:21:29.340 your currency and they're saying hey if they do it to their own citizens they're certainly going to do

00:21:34.660 with us we have the resources maybe we get gold back and maybe we saw what putin did when they try to

00:21:40.120 take down his central bank and try to take down his currency something they didn't even do with the

00:21:45.420 nazis try to do it and he just said hey i'm a peg the ruble to gold suck on that they bratt walk me

00:21:53.840 through this contagion the bank this regional bank thing and it ain't going to get better because

00:21:57.740 commercial real estate is not going to get better and remember two-thirds to eighty percent of the

00:22:02.480 loans in commercial real estate and almost a hundred percent of the loans to the small business guys and

00:22:08.240 the entrepreneurs the entrepreneurs out there are all done by the regional banks and you're seeing

00:22:13.660 a credit restriction right now this is going to exacerbate the implosion that is upon us day brett

00:22:19.180 yeah i've got charts that back up that signal uh but the first i want to start off with a fed

00:22:25.880 commentary which was tremendous signal uh they said and this is not a saturday night live skit line they

00:22:33.800 said yesterday the banking sector is fine but we're not sure about the credit what that is the banking

00:22:41.580 right the banking is credit that's what they do and they honestly in the same paragraph said

00:22:47.760 the banking system is fine meaning they don't think the the midsize is going to spread to the bigs

00:22:53.360 uh but then they said but the credit piece we don't quite get so i've got a few charts here let's

00:22:58.060 start with the chart one denver uh and it basically uh is is the bomb uh we're currently seeing the

00:23:05.240 largest decline in u.s commercial bank deposits since 1934 right look way to the left and then look way

00:23:14.920 to the right and there's the bomb we're currently seeing the largest decline in bank deposits commercial

00:23:21.440 bank deposits since 1934 that's new whenever you see a chart like that we got to study it

00:23:30.380 hang on hang on stop stop ho ho ho don't don't no more charts i got a hole in that chart yep i want

00:23:37.660 you to go back and hit that again and here's why remember the movie bonnie and clyde when bonnie and

00:23:42.940 clyde out there in west texan texas they're going around robbing banks the first i think two or three

00:23:46.960 banks they rob they go hey buddy we're not a bank anymore we closed down right depositors all ran

00:23:54.100 and had a bank run that 30 34 or 34 the you know the everything's in 1929 uh when the stock market

00:24:02.920 crashed hey the the worst part of the depression was all to come 32 30 this one brought roosevelt to

00:24:09.080 power 34 since night give me that again since this is the since 1934 what is this day brett let's get

00:24:16.200 this chart up there for everybody's on the podcast or on radio this is why you got to go to worm.org sign

00:24:21.840 up get all the charts get all the videos give it to me again brett yep yep we're currently seeing the

00:24:27.860 largest decline in u.s commercial bank deposits right run on the banks decline in commercial bank deposits

00:24:36.360 since 1934 that is staggering that's a result of federal reserve policy uh in the next chart we can get

00:24:45.680 to that one if you want to move on sure okay and so here you see everybody hang on hang on is there is

00:24:54.620 everybody hang on i just want is everybody having a good morning you're having a good morning in the

00:24:59.320 war room no no seriously look we wouldn't do this to you if we didn't know you had big shoulders

00:25:07.740 yeah right you're you're the creditors committee that hey sometimes you got to tell the creditors

00:25:12.560 committee bad news yeah here's a reality check and this is why next week when they're over there at

00:25:18.760 the white house drinking coffee off the fine china and they're all talking and you know oh these cuts

00:25:24.940 are so terrible and today they got they're going to put out not eight million people out of jobs

00:25:29.280 give me the alternative yeah remember they're only cutting the rate of growth they they're not taking

00:25:34.840 the meat ax they let brad bannon cortez navarre you let us at it with a meat ax we show you some cuts

00:25:41.240 right which you have to do because this is what you end up with they they disassociated with it they

00:25:47.480 just know if this is the problem the spending is not a benefit the spending is a liability

00:25:55.000 day brad continue on sir yeah the next chart uh if you just look at the the the gray bands going up

00:26:03.940 and down at about 2000 right uh the blue line uh when it goes below zero you've heard this phrase

00:26:11.140 you have an inverted yield curve well you see that blue line go right after 2000 go down below zero and

00:26:17.760 then you get the gray band which is a recession same in 2005 2006 the fed prints a ton of money

00:26:24.440 they invert the yield curve and then you get a a wider gray band the 0809 financial crisis

00:26:31.440 recession right now look to the far right uh you think you had an inverted yield curve problem back

00:26:38.440 then look at right we're still nose diving going straight down so what do you think comes next

00:26:44.060 and then the uh the last slide here's the bomb on the research been done oh oh oh hang on whoa whoa

00:26:50.880 whoa whoa slow down slow down professor i'm one of the dumb kids sitting up on the sky deck

00:26:56.400 normally reading the sports section and but i know i know this is going to be on the exam so i got

00:27:01.420 to ask the question right um the inverted the inverted yield curve here's why here's why it's

00:27:06.260 always a it's always a forecaster of a recession because they're charging more for short-term money

00:27:11.320 than long-term money money which is obviously not logical right the greater time out you would want

00:27:16.240 to charge more it's inverted and that's why this is always used by the guys in wall street as a

00:27:20.860 leading indicator the macro guys to say trouble ahead trouble ahead tell me about this inverted

00:27:27.080 you give me some observation on this inverted yield curve well the basic idea related to credit and

00:27:34.040 banking and the federal reserve is if you have an inverted yield curve like you just said that's how

00:27:38.840 banks make money right they they and and that's what caused all the problems with the five banks we've

00:27:45.300 seen so far right they went long to grab a little bit more yield they they locked in at you know two

00:27:51.140 percent uh for 10 years uh back a couple years and they're locked in and so that you know on the books

00:27:57.520 uh that bond's worth you know ten dollars uh but then when the depositors make a run on the bank and all

00:28:04.500 the money goes out of the bank uh then you have to back up your reserves to follow the law and you

00:28:10.340 don't have any deposits and so then they have to sell off that bond and it's no longer at book value

00:28:16.220 it's at market value and it tanks everything's upside down that's what's going on right now

00:28:20.360 hang over a second short break back in a minute with this credit crisis

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00:29:57.940 here's your host steven k band

00:30:00.440 i want to thank uh members of the engine room that have been uh sending me uh information here the

00:30:09.380 last couple minutes given the the tone of the show about this is national this is the national day of

00:30:15.520 prayer and so we absolutely agree that the prayer is the greatest thing we've got going but make sure

00:30:21.540 i think today adding your prayers that uh you use your agency and instrumentality we're not going to

00:30:26.840 pray this away divine providence works through human instruments that would be you by the way

00:30:35.400 as we put this burden on you and it even shouldn't be a burden i mean think about it in all human history

00:30:42.480 in all the history of this our beloved republic you're in you were born in here today in its moment

00:30:51.660 of greatest crisis and this is its moment of greatest crisis president trump said that the

00:30:56.620 other day in the conversation we had at mar-a-lago there's a no doubt and quite frankly we're on now

00:31:03.340 into a path we've opened a pandora's box because of the short-sightedness of man that you just read

00:31:11.040 the old testament read the new testament particularly old testament right time and time and time and time

00:31:16.320 again false idols got another false idol technology and men and women who think they're gods

00:31:24.560 right so national day of prayer okay from the sublime once again back to the less sublime because

00:31:33.320 we've got a lot of work to do here let's get this up on the chart for go back to brad this is from the

00:31:37.620 cobayese letter it's up on twitter very smart people on on wall street i want to read this they just put

00:31:43.440 this up last night and grace and mo were good enough to get it to me with a bunch of other

00:31:48.340 stuff they got number one interest rates at their highest since 2006 number two and this is important

00:31:55.420 write this down with your number two pencil credit card debt set to cross one trillion dollars for the

00:32:01.360 first time one trillion dollar credit card you don't think people are tapped out number three multiple

00:32:08.580 regional banks on brink of collapse pack west number four regulators believe quote the system is strong

00:32:20.860 the system is strong five one month away from a u.s. default on the debt now we know that's the the

00:32:29.660 regime trying to play with us but that's where we are in the financial part of this and remember

00:32:36.680 they're going to have a chat and look i give a hat tip to mccarthy to get the 218 but the problem the

00:32:41.800 moderates in the republican party and the rest of you got to start listening to burchett got a lot

00:32:47.580 start listening to biggs and to rosendale and gates and these others you gotta you gotta join reality

00:32:53.840 you can't just because the press gonna say oh you're cutting this hey we're on the edge of a collapse

00:32:59.620 of course jim kramer yesterday he's putting out yeah i think it's the greatest i've ever seen

00:33:03.500 just go inverse kramer on me baby how's that market doing today how's the bond market doing um

00:33:11.140 dave bratt continue on sir yeah well just to follow up on the list you just gave us uh

00:33:18.920 another institution that is just morally bankrupt right now is the economist class and i have one

00:33:26.520 exception here but you don't see the economist class harvard yale princeton even chicago dealing with

00:33:33.120 the the issues of the day uh having to do with economic populism that you cover along with your

00:33:39.380 hosts and coast 50 trillion in debt it seems like that might have an effect on the economy

00:33:44.800 two and a half trillion dollars in interest payments a year in 10 years that might affect

00:33:49.420 investment uh an open border might have a profound impact on black brown blue blue collar uh workers

00:33:55.980 wage rates uh china policy have you seen any of this from the economist class nothing just a wall

00:34:03.200 good news is stanford stanford uh business school has produced a paper and if denver wants to pop up

00:34:09.820 the next next chart uh this uh this graph i'll explain what it means but markets are finally waking up

00:34:17.240 to the fact that a large portion of the banking system is potentially insolvent it's not just a few

00:34:24.160 banks and i'll explain all of what all these dark blue squares mean in this stanford working paper

00:34:30.140 right and this is the the chart they provide it in the back of the appendix the u.s banking systems

00:34:35.280 market value of assets is 2.2 trillion dollars lower than their book value that's what we're talking

00:34:43.980 about that's the error that the federal reserve system has created the market value when they go to

00:34:49.140 sell their bonds when there's a run on the banks is 2.2 trillion dollars lower than suggested by their

00:34:56.900 book value right the accounting book value that they have on their books even if only half of the

00:35:03.100 uninsured depositors decide to withdraw right so just a half run on the banks almost 190 banks

00:35:10.520 with assets of 300 billion dollars are at potential risk of default impairment and bottom line look at

00:35:19.380 that map these are the banks any of the dark blue squares you see are in the top 20 percent of banks

00:35:26.060 that are in the default range so this is not a few banks every dark blue square you see is a potential

00:35:35.640 bank at risk of default and obviously when that happens uh the interest rates are still going up

00:35:42.320 people quit buying homes businesses quit investing uh we got a recession coming up within a few months

00:35:48.700 and then you just pray uh that it's not a crash landing and a credit crisis uh like we've never seen

00:35:55.860 before judging by that inverted yield curve um you know i think it's christopher uh whalen uh wrote

00:36:05.380 easy the book lords of easy money yeah we've had him on here before uh the other day they had

00:36:12.100 something about the fed or you know the banking system and in in this i think it's a reuters or

00:36:16.940 associated press articles a wire service and in there there's all this happy talk from the

00:36:21.340 economists and whalen who has studied the federal reserve probably closer than anybody any modern writer

00:36:26.240 said i don't know what people are talking about but yeah we've got a regional bank crisis uh and it's

00:36:32.640 big and it's going to you know you better be prepared uh for the for to to deal with this

00:36:38.520 and quite frankly here's the scary thing between yellen and and powell and i mean there's no

00:36:45.160 credibility these guys right right there's no credibility in yellen there's no credibility in

00:36:49.780 powell there's no credibility in biden this is only going to get exacerbated of course biden's

00:36:54.880 sitting there going oh no you can't i want a debt ceiling increase and and what brad just said

00:36:59.780 tell me how to give me get tell let's go to the end and work back tell me how you're gonna handle

00:37:04.040 the 50 trillion dollars if we just give you a clean debt ceiling they got these democrats running

00:37:08.220 around right now they're trying to do the 14th amendment and they're gonna they're running around

00:37:12.180 saying we're gonna do some legislation to just take the debt ceiling away the debt ceiling dude we're

00:37:16.260 not idiots that's our leverage we're not gonna let you take it away we're gonna grind you down with

00:37:20.700 it we're gonna grind you down with we don't care if you don't like it the spending's a liability

00:37:26.460 it's not a benefit and you're crushing the american people you're crushing citizens of this country

00:37:32.720 you're crushing them as you're exacerbating a a uh a uh invasion on the southern border

00:37:39.800 brad how do people amazing job sir how do people get to you fantastic job this morning

00:37:45.140 yeah and i've got some of the lingo that goes with these charts if you want it to please uh share with

00:37:50.340 your family's kids brat economics on getter and everyone always talks about the children the love

00:37:56.640 for the children uh we love children look at what we're doing to our children it's it's just a moral

00:38:03.420 catastrophe now hang on for a second you got that's what's got to be dealt with now look all the easy

00:38:10.360 choices are are gone there's no easy choices there's gonna be some hard choices right and guess what all

00:38:16.760 the people say we can't talk about raising taxes hey all the wealthy and super wealthy are all woke

00:38:22.360 democrats are woke established republicans why would i not increase their taxes i'd do it in new york

00:38:28.860 second in a new york second they don't support you they hate you this is so they help cause this mess

00:38:38.520 they benefited from all the fed activity why wouldn't we carve some of that back oh you can't talk about

00:38:45.000 raising taxes you know we don't oh yeah i can and we shall you gotta this problem's got to be dealt

00:38:51.400 with somehow it's not going to go away you're not going to wish this away you're not going to wish

00:38:55.180 the invasion of the southern border away you're not going to uh wish away the ccp and this war in

00:39:00.340 the eurasian landmass we're not going to wish away the mullahs in persia you're not going to wish away

00:39:04.740 the kgb you're not going to sit down you're not going to wish away the invasion of the southern border

00:39:09.500 what's done to our country in the fentanyl war and the second opium war of the chinese communist party

00:39:13.380 you're not going to wish any of it away it's your agency that's going to do this this is why the ai

00:39:20.740 this is why we bring it to you you're the salvation of this country you this audience not tucker carlson

00:39:27.780 not steve bannon not donald trump you not mtg not matt gates not not jim jordan you you

00:39:37.700 when you finally have determined that yes this is we we must save it here's what we have to do

00:39:45.240 it's going to be saved and only until that moment

00:39:49.160 bratt one more time how do people get to you yeah thanks steve bratt economics b-r-a-t

00:39:56.720 bratt economics on getter all economics all charts all day also on the third floor business school

00:40:03.360 liberty university come on up and visit love seeing the the war room uh friends uh come on up

00:40:08.940 with their young scholars god bless you all have have a great day keep the faith thanks david and

00:40:15.240 thanks for going through your i know you had to get out earlier thanks for sticking around for us

00:40:18.360 um i've got a terry shilling thing i've got i've got um our own ben harnwell in rome i want to deal

00:40:25.280 with some things here for a second uh number one you've got the birch gold i want you to get the

00:40:31.320 information so that you can be better member of the creditors committee and chairman of the

00:40:35.580 creditors committee but i also want you to talk and look i've never been a gold guy but what they've

00:40:40.880 done over the last three years it destroying this uh destroying the dollar and we had in the

00:40:46.080 conversation president trump we take and by the way there's a lot of obligation that comes with being

00:40:51.300 the prime reserve currency i i i admit that and if we don't want to be the prime reserve currency

00:40:56.940 that is a decision we can make as a nation in a logical manner that's not what's happening here

00:41:02.840 that's not what's happening here the world is revolting against the radical biden regime and what

00:41:09.300 they're doing because they're saying hey the american citizens are sitting there taking it getting a

00:41:14.860 devai a rolling devaluation but we're not because we got these resources and these resources are limited

00:41:20.480 and we're going to max the value of them so they're going to essentially a gold standard that's why

00:41:25.200 these central banks are buying gold at greater rates than they've ever bought and philip patrick

00:41:29.620 will be back on saturday we're going to break it down but that's why you ought to immerse yourself

00:41:33.220 in information right now immerse yourself in information you're it's it's you know you're free men and

00:41:40.980 women to make these decisions but you have to get the information go to birchgold.com right now

00:41:46.380 slash war room the other we got this the drone attack situation has even gotten bigger today

00:41:51.940 because you got this kind of weird non-denial denial by the u.s government and now it's like

00:41:57.640 bizarro land was it a drone strike was an assassination attempt was it not the russians

00:42:03.540 hit back hard but one of the things there is on cyber and this is the another thing i want this

00:42:08.560 audience i want you to start checking boxes let's get the burden off you right now with this economy

00:42:13.800 remember 80 of your net worth in all likelihood or 90 is tied up in your home

00:42:18.620 we try to build this economy around home ownership the last thing you can afford right now is not

00:42:27.060 paying attention and have one of these cyber guys remember they're stealing 600 billion dollars a year

00:42:32.040 half of it by cyber the chinese communist party the russians and the guys these are the most advanced

00:42:37.860 cyber guys in the world and they're not all good actors right now you have to make sure that your

00:42:44.900 home title has not been taken in a second mortgage think just think of your situation right now

00:42:48.960 somebody went into your home either took the title and sold the home but let's just say they

00:42:52.900 put their name on it and were able to take out a second they took a hundred thousand dollars second

00:42:56.700 mortgage out how would you get your math out get your number two pencil work through your math

00:43:01.480 on how that would be when the bank comes you say hey i don't want to hear that it was taken

00:43:05.480 right that's your responsibility pay me back right now you don't need additional burdens

00:43:11.660 we want to do risk mitigation we want to we're in the risk mitigation business we want to get

00:43:16.060 burdens off you you know why because you got to stand and fight for your country

00:43:19.260 go to home title lock today and get the information check it out see if it's right for you

00:43:25.600 if it's right for you if you put in bannon you get 30 days free but we need you take burdens off

00:43:30.880 yourself it's a quick check to do home title lock.com

00:43:34.320 i've got the very patient ben harnwell that's been with us also terry shillings in budapest gave

00:43:41.040 a barn burner today let's try to get all of it in in the d block in the war room

00:43:47.780 i don't know about you it takes a lot to shock me these days but to see our judicial system resemble

00:44:03.620 a third world banana republic to see trusted american companies embrace insane and destructive

00:44:09.400 woke ideologies is frankly depressing we must fight back and that starts with changing the way

00:44:16.340 we spend our money for years big mobile companies have been dumping millions into leftist causes

00:44:21.320 and we had to take it because there was not another option well there is one now patriot mobile

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00:44:54.020 and veterans and first responders the heroes now patriot mobile's 100 u.s based customer service team

00:45:02.540 makes switching easy just go to patriot mobile.com slash bannon that's patriot mobile.com slash bannon

00:45:09.940 or call them at 878 patriot that's 878 patriot get free activation today with the offer code bannon

00:45:19.160 ask about their coverage guarantee while you're there this is patriot mobile.com slash bannon or call

00:45:25.600 878 patriot take action today stop giving your money to people that hate you and hate what you stand for

00:45:33.940 back the only christian conservative wireless provider patriot mobile take action today

00:45:39.940 has arrived the new social media taking on big tech protecting free speech

00:45:45.760 and canceling cancel culture join the marketplace of ideas the platform for independent thought has

00:45:53.520 arrived superior technology no more selling your personal data no more censorship no more cancel

00:46:00.720 culture enough getter has arrived it's time to say what you want the way you want download now

00:46:08.860 okay uh we got a lot going on charlie kirk's gonna follow us at noon um we've got a lot of stuff we

00:46:16.780 want to play from hunger i mean there's so much we had planned for the show today and we didn't get to it

00:46:21.540 um join us back here five to seven tonight and we'll try to get to it all i mean we had mtg clips we had

00:46:27.660 the sequoia situation capital situation mtg and others on this investigation of biden you know oh by the way

00:46:33.780 they caught him directly with a foreign national cutting deals in the vp and he came and fit that

00:46:39.280 into the war room in two hours there's too much going on uh ben i give me i've got um in like with h uh

00:46:47.440 home title lock right there it's about unrestricted warfare that's the cyber and information part of it

00:46:52.120 unrestricted warfare the the manual and i tell people you know hitler wrote mein kampf and told you what he was

00:46:58.280 going to do and nobody really read it or paid attention to it because he laid out his plan the

00:47:05.060 same thing with the chinese communist party in the late 1990s unrestricted warfare it lays out

00:47:10.300 how they're going to take down the west part of that cyber and cyber is just in its infancy then

00:47:16.220 that's why you got to check everything in your home about your communications all of it about cyber

00:47:20.940 you've got to check that's why just go check your your your title to your home make sure that's

00:47:26.500 secure don't put that burden on your shoulders at home title lock.com we're going to get that apple

00:47:32.500 ft's got a great story about apple and about unrestricted warfare on supply chains that haven't

00:47:37.500 been sorted out yet that is and by the way gets to the jas jas medical also which talks about getting

00:47:45.820 your antibiotics now and not have depend upon the ccp supply chains which we still haven't done

00:47:51.080 anything on the api we still haven't done anything really about bringing the supply chain back that's

00:47:55.840 we need trump back immediately his efforts have all been thwarted by biden and by the republican

00:48:03.980 establishment but ben we got this situation we had rebecca koffler on yesterday and that people

00:48:09.920 were dismissing oh no it's just a rumor it's not a rumor something happened we can't figure out what

00:48:14.300 happened but something happened on this drone drone strike and i want you to bring up what the

00:48:19.200 white house said about it because they've had i think more confusion to this ben harnwell

00:48:23.060 well there's confusion and multi-faceted recriminations coming in from every direction

00:48:30.440 of interest is the white house's statement earlier which hasn't been widely picked up

00:48:35.160 but it said that um in an unusual choice of words the white house said that it uh that the u.s had been

00:48:43.380 unable to independently verify ukraine's denial of involvement um in in the strike on the

00:48:51.300 the drone strike on the kremlin um but you know russia's blaming the u.s um the u.s is actually

00:48:58.940 interestingly enough uh in addition to the statement that i just quoted before is now pushing very

00:49:04.680 heavily and you'll see this across the media this idea that it's actually russia uh that was involved

00:49:11.320 in some kind of false flag operation uh putting a a drone in on themselves in order to give themselves

00:49:19.020 the pretext to then come out and attack yeah by the way that's not that's not beyond that's not

00:49:26.060 beyond there's not beyond the kgb to do that it's not beyond by the way they hit kiev with a big

00:49:30.920 strike overnight but it's not beyond that but well you think the administration you think the regime

00:49:36.940 would be able to lay out kind of what happened can i can i can i bounce back off can i know what

00:49:43.380 steve can i bounce back off sure sure sure it is absolutely um it is absolutely uh it ought to be

00:49:49.360 there under consideration but i finally after years of of studying uh intelligence agency operations

00:49:57.540 i've now finally found an intelligence intelligence agency operation um which is a conspiracy theory

00:50:05.560 that the white house is willing to look into because every time the u.s's own intelligence agencies

00:50:13.540 have been doing this kind of thing you know it's just been dismissed as as cuckoo talk but now finally

00:50:19.820 finally obviously it's got to be the kgb that needs to be brought into question here but finally

00:50:25.780 um that they found a conspiracy theory that they're willing to look into no steve i have to say

00:50:32.080 this reminds me um this has a hint of two things two elements that the war room possibly be very

00:50:40.020 familiar with the the one you remember last year in forgive my pronunciation projev

00:50:45.180 projevadov um in poland um when when a stray missile killed two farmers um and zelenski this is on the

00:50:54.620 the polish side of the polish um ukraine border and zelenski came in straight away tried to usher in

00:51:01.500 world a nuclear uh again saying you know now nato needs to activate he he lied he lied it was it

00:51:10.620 it was ukraine steve it was a ukraine missile right so the very the very people are telling us oh this

00:51:16.600 is um this is um this is um this is a false but this is okay my point my point my point is this is

00:51:23.160 metastasizing before us we're going to be on it uh ben hang on for one second also uh the reason to go

00:51:29.840 to birch gold today and talk to talk to an advisor birchgold.com slash bannon get one of the advisors

00:51:36.660 on the phone talk about your rra 401k pack west i think is down another 50 the market overall is down

00:51:43.040 400 and this is just not you know things happen every day but western alliance bank i think is now

00:51:48.240 down 50 they've just announced i think they had a failed sales operation you got to you know talk to

00:51:54.960 your financial advisor and say hey what's going on with these regional banks uh you know i'm feeling

00:51:59.240 a little jiggy because i don't think that uh the federal reserve jamie diamond i don't think is being

00:52:04.440 straight with me pal i don't think is being straight with me janet yellen i don't think she even knows

00:52:08.880 she's so out of it i don't know how she thinks you know and can you trust anything she says if she's

00:52:14.640 over kiev wants to give them and by the way didn't we give kiev i think another three or four hundred

00:52:18.840 million dollars last night just just put that in your notebook log that ben how do people get to

00:52:24.360 you we'll have you back on this thing in ukraine is starting to metastasize in a quite ugly way as

00:52:30.300 the quote-unquote spring offensive gets ready to kick off where do people get you sir thank you so

00:52:36.120 much steve i'm on getter as my social media platform of choice it's simply my surname my profile

00:52:41.920 at harnwell and i'm also pushing out original content exclusively in the new the warman newsletter

00:52:48.640 that's going to be found on warroom.com that won't be on my getter feed but it will be there so

00:52:53.760 you do need to subscribe to that newsletter um steve at some point i do hope to come back to to

00:52:59.400 discuss this unrestricted warfare um yes in the ft it's very very important no very important apple's

00:53:08.960 a chinese company you got it we're going to break all that down um we've had enough joy for one day

00:53:14.400 remember we wouldn't put the burden on your shoulders if your shoulders couldn't take it

00:53:18.600 charlie kirk next we're back here at five to seven we're going to go through the investigations

00:53:24.000 the financial all of it see you back here five o'clock only in the war room

00:53:29.340 a lot of people complain about the state of our country or the way woke corporations treat us

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00:54:55.980 money to people that hate you and your values go to public sq.com veterans you know we have been

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Bannon's War Room - May 04, 2023

Episode 2708： Exacerbating The Financial Crisis

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