Episode 2982: The Firestorm In Jackson Hole; Holding People Accountable In Maui
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Summary
This is the primal scream of a dying regime. This is the cry of the dying regime, pray for our enemies, pray for the weak, and pray for your enemies. This is a cry from a dying system, a cry for change, and a cry to wake up and wake up to the fact that things are going to get worse.
Transcript
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this is the primal scream of a dying regime pray for our enemies because we're going medieval on
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these people here's not got a free shot all these networks lying about the people the people have
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had a belly full of it i know you don't like hearing that i know you try to do everything
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in the world to stop that but you're not going to stop it it's going to happen and where do
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people like that go to share the big line mega media i wish in my soul i wish that any of these
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people had a conscience ask yourself what is my task and what is my purpose if that answer is to
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save my country this country will be saved war room here's your host stephen k band
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it is the fed's job to bring inflation down to our two percent goal and we will do so
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we have tightened policy significantly over the past year although inflation has moved down from
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its peak a welcome development it remains too high we are prepared to raise rates further if
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appropriate and intend to hold policy at a restrictive level until we are confident that
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inflation is moving sustainably down toward our objective we are attentive to signs that the
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economy may not be cooling as expected so far this year gdp growth has come in above expectations
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and above its longer run trend and recent readings on consumer spending have been especially robust
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in addition after decelerating sharply over the past 18 months the housing sector is showing signs of
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picking back up additional evidence of persistently above trend growth could put further progress on
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inflation at risk and could warrant further tightening of monetary policy based on this assessment
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we will proceed carefully as we decide whether to tighten further or instead to hold the policy rate
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constant and await further data okay uh friday 25 august the year of our lord 2023 of course we started today
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this morning uh live in jackson hall wyoming with the uh chairman powell's federal reserve uh talk or his um
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his speech or his i guess his comments on the central bank meme they've had this audience the reason we do this
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no show has ever that's not a show for traders or a show for investment bankers or for finance types
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that go to you know the the bloombergs of the world or or go to the um cnbc's the world the fox business
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although i would say that fox business cnbc are really not serious shows about capital markets and
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finance anymore um bloomberg is quite and because that is built up this global platform for traders
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but no show has tried to take average citizens particularly working class and and middle class
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and and and make sure that they understand of this intersection of these shiny toys they see all
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the time these other shows so much of it's just in the foreground and not particularly important and
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that's why things don't change or if they change they change for the worse because you've got to ask
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yourself of the republican party being in power for so long and and and winning so many elections and
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you knocking on so many doors and giving so much money and ringing so many doorbells we're getting
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so many phone banks how did we get into this mess and one of the reasons is that there's no interest
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in no incentive for the system as it currently works to make sure the citizens understand even the basics
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of the underpinnings of what is public finance what is the basics of international finance what is the
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international economic system we throw these words like capitalism socialism all this and how that
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industry will be ties back to capital markets and how those capital markets have a framing mechanism
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that actually controls much of your life much of your temporal life controlled by that in the theory of
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the case we have here until you understand that and understand this intersection all this
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obviously a spiritual war going on at the highest levels that intersection of money and power
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that once you understand that you become a key once you understand that and are able to use your agency
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to drive those decisions that you've come to the conclusion to as a rational human being
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then policies will change this is the central reason there's a mugshot of donald j trump
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that's now become the biggest meme i guess in the history of the internet why because he's the leader
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of a populist nationalist revolt in the most advanced post-industrial economy in the world the united states
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of america in the system in the oligarchs that run that system in the uniparty factotums that kind of
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guarantee that system have no interest in you having a say so what they want you to do is just
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be a cog in the machine and they want you to be a cog in the machine to put your head down do what
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you're told work your job pay your taxes right pay your taxes put money into you know your pension
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funds so they can use your pension funds right to go make investments in foreign countries and the
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technologies are maybe to your detriment oh by the way and send your sons and daughters to foreign
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battlefields to die to prop up this system that's what they want and trump had the uh the courage to
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look it in the face and say no i'm going to challenge that and then when they stole the second election for
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him from him going back to mar-a-lago instead of saying no i've had it they've tried to destroy me
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good luck i hope it all works out for you like cincinnatus coming back from the plow to save the roman
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republic he returned again and that's why he's going they got him going to prison for 700 years
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this is the gist of it so i've reached out and today we had brad and we had navarro have more but i i
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want to get people that can really help us think this through and richard stern there's nobody better
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the director of the budget policy center over at heritage who we've had this show before and i can tell
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brother stern he's been dead right on every thing that he's told us now here's the important part i want
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to ask brother right uh um brother stern here to discuss what happened in jackson hole today
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with this firestorm and it is going to be a firestorm when we return because i've already talked to
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enough members that they understand because this audience has lit these people up in these town halls
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them in the cinnamon cafes we don't hear any more happy talk we're tired of hearing this we don't
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hear any more excuses the federal government's out of control it's weaponized but the main reason it's
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out of control is that you guys are basically allowing these people to do this insane insane
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spending bloomberg today on on the terminal which which bloomberg makes so much money on the terminal
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itself it had a piece that the deficits are so big the spending so out of control and they have now
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become a permanent part in perpetuity of two trillion dollars that even the bloomberg guys are
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sitting there going even mathematically how do you think this thing through in the next couple of
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years richard stern can you connect today what pal said to what you've been saying is going to happen
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to this economy to what's going to happen and what must happen when congress returns sir
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oh absolutely first it's always a pleasure being on and you know it's people like you champion these
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causes really speaking truth to power that gives me optimism we can save the republic people like
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pal that's where my pessimism comes from so let me let me translate what he said today right so he was
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talking about how the the growth of the economy is above the long term blah blah blah really what he
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was trying to say is that the private sector is doing so well despite the biden economy despite the
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biden regime's attempts to stop the economy dead in its track we're doing so well that we are crowding
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out the ability of the government to steal money from us through capital markets and so they're
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going to tighten monetary policy to shut down to starve the private economy to throw people out of
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their jobs to decline incomes to take products off of store shelves so the government can keep
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funneling that two trillion dollars you're just talking about each year out of capital markets to
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go to fund the bureaucracies and the woke and weaponized part of the bureaucracy that's what he was
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talking about what congress needs to do is not let that happen congress needs to stop the government
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keep in mind every dollar the government spends is a dollar stolen from hard-working americans it is
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representative of the fruits of our labors being stolen right out of our hands and siphoned to those
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woke bureaucrats so that's what congress needs to do they need to stop the spending cut spending
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right size the federal government that is the only way to strangle this beast to stop powell and the fed
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from draining your money by printing more inflationary dollars to simply give the hard-earned fruits of
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your labors to the federal bureaucrats did that did the i'm gonna come back to that in a second how
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this always get engaged did the did the emerging world to have the resources in south africa and
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durban south africa many of whom are mortal enemies and actually being driven by mortal enemies did they
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not say kind of the same thing that the elites in the united states are out of control of this
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government spending and killing the purchasing power of the the the currency that is the u.s dollar
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and we've had enough of it and we're going to figure out we can't stop at day one from being
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prime reserve columnist but this de-dollarization effort we will figure out how to trade amongst
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ourselves and that's why saudi arabia and uae so important now they've got over 50 percent of world
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oil production that they're saying hey maybe the deplorables have to live with this maybe maga has to
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live with this maybe the average citizen the united states but we get a vote too and we can't do it
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perfectly day one but we're going to try to get off the system richard stern i you hit the nail on the
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head in about a generation the dollar has lost almost a third of its global reserve status and
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part of that is exactly what you're talking about which is that people look around the globe they
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understand what the federal government has been doing is this racket when instead of maintaining the
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dollar as a real reliable store of account as a medium of exchange that means something it's just
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their play thing they view it as something that's at their leisure a secret backdoor way to tax you
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so they don't have the the spine to come out directly and ask for a tax increase they just
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quietly impose an inflation tax through printing money on the back end and you're right everyone
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sees what's going on you know when the ruble got gold backed right after the invasion of ukraine
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it jumped almost 60 percent in value that's what a well-run currency looks like and that's the
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russian ruble which is by no means a well-run currency why do we get off the gold standard
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here why have we let the fed pick something arbitrary like a two percent inflation target
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or create as trillions of dollars in the last few years the finance federal deficits is exactly what
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you're talking about it's an effort designed specifically to destroy the u.s dollar and all
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of our life savings along with it we we had you on here a number of times by the way we're going to
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hold you through the break so we got a couple of minutes here but we had you on here a lot
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in the debt ceiling debate and you laid out a logical you know russ vote had an idea you had
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an idea they they weren't totally lying but they were close enough and and but directionally they were
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perfect why did the after all of our efforts and and the house republican leadership is smart enough
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why did they not accept those types of proposals at the time and and and lance the boil then
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that now come back and after all this phony happy talk they gave us on appropriations you know what's
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going to happen immediately after september when they return is because this audience has lit these
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guys up men and women up back at town halls that they now grow a spine why didn't they listen to us
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at the time what was it that you said richard stern that they could not understand sir you know so at
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the end of the day government money the illusion that the government can give you free stuff and not
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come at the expense of everybody else it's a cheap drug but it's a drug that addicts most of
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congressional leadership and i think that's what happened fundamentally if you look at what
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congressional leadership offered up the difference between what they offered and what they actually
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accepted in the fiscal responsibility act which is no cuts of spending whatsoever you're talking
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about a couple percentage points of the overall federal budget they don't really understand they
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don't have the fire in the belly they don't really get it at the level that we do that those
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dollars are stolen from americans the reason why we have had a generation or more of a sense of
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economic malaise of falling incomes of a lack of ability of americans to build for the futures to buy
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their first home to go to college it's because of the government slowly tightening the noose slowly
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strangling the economy and it's very much through spending it's very much through printing new money at
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the fed and congressional leadership for whatever reason just can't bring themselves to see it
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they get off too much on being able to go to their constituents and say hey i got you a billion
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dollar grant here a billion dollar grant there they view it as a way to buy cheap votes they are
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just unwilling to see the generational destruction they are doing with this wanton abuse of the
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federal government to just steal whatever it wants from us whenever they want
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if richard's going to stay with us we're going to take a short commercial break we're going to turn
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to this topic and how not just how we got here but how do we start getting out starting with the house
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in this audience remember you are a central part of this drama right now you're actually the the the
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lever we have heraclitus's lever that's you uh and this is what we have to use to richard's point
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about the malaise and how it's affected now so much of the country this is why rich men north of
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richmond is such a massive hit it's a massive hit because it touches people where they live
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regardless of their political heretofore political affiliation this is why they have to stop trump
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because of this populist nationalist movement okay can take a short commercial break one of the
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individuals that had it right from the beginning uh but was not listened to by house leadership richard
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stern over at heritage the director of the budget center is going to join us after a short commercial
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everything's just beginning but the games you want to play bring it on and now we'll fight to the end
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just watch and see it's all started everything's begun and you are over
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because we're taking down the ccp spread the word all through hong kong we will fight till they're all
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gone we rejoice when there's no more let's take down the ccp as central banks and countries like china
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india australia begin transitioning to a digital currency the federal reserve has been contemplating the
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same for the united states of america with a digital currency the government could track
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every single purchase you make officials could even prohibit you from purchasing certain products
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or even easily freeze or seize part or all of your money these are some of the reasons concerned
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americans reach out to birch gold group they want to have a physical asset that's independent
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from the u.s dollar gold held tax sheltered in a retirement account remember gold held in your
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tax sheltered retirement account learn if gold is right for you text bannon b-a-n-n-o-n
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to nine eight nine eight nine eight that's bannon nine eight nine eight nine eight and birch gold
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thousands of thousands of happy customers countless five-star reviews birch gold has been
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helping my listeners and viewers from the very beginning of the show text bannon b-a-n-n-o-n
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two nine eight nine eight nine eight and claim your free info kit on gold because of a central bank
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digital currency becomes reality it'll be nice to have some gold to depend on take action use your agency
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do it today war room here's your host stephen k bannon
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okay to marsha i need to go to birchgold.com slash bannon end of the dollar empire we've been
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putting this out now for i think almost two years over a year and a half three-part series uh and we
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did a pricey just on durban so that you can just do a quick read of that but tomorrow i'm getting
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even more um depth of this and particularly how it's going to impact everybody individually so go to
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birchgold.com today make sure you get it make sure you read it uh if you get a chance ask philip
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patrick and the guys over there just a simple question why the world central banks outside of
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the federal reserve why the world central banks buying gold uh at record levels in 22 and 23
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and what what is the lesson to take away from what richard stern just said about the ruble ruble
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not a particularly stable uh currency particularly when we went to war against their central bank we swept
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the reserves remember the economic warfare at the beginning of the of this ill-thought-through
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ukraine adventure this escalation adventure that's killed all these brave courageous ukrainians and
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this charnel house that is the eastern uh the eastern russian-speaking ukraine we're gonna get
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to that in a second because heritage and richard stern were writing on that too make sure you go to
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birchgold i want everybody to get that you you must understand and by the way if you're one of the
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people as a kid that had math with tears if you're one of the ones that as soon as you say economics
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is too complicated is not too complicated we're going to make it accessible and once you're armed
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with this then you can sit there this happened a couple weeks ago at a town hall with one of the
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politicians guy stood up there says well you know we had to we had the credit card tapped out and then
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we had to raise the credit card he got eviscerated that level of happy talk is not going to cut it
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anymore because this audience getting so savvy richard here's the question we talked about crowding out
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tell me what we're going to do brother you you you run the budget center you've had a balanced budget
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you put forward but right now they're telling us because in the slowing a little bit of the economy
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the tax revenues are not quite keeping up the deficits because the spending's there and they're
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asking for a supplemental in ukraine all this other madness the the deficits are kind of locked in
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out of a trillion and a half to two trillion dollars so tell me what's the way out of here how do we
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how do we cut and chop our way to this because you just can't continue if you continue to just print
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money and let the federal reserve do it the bricks are only going to get more powerful or more adamant
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that they don't want any more of the they can't take any more of these federal reserve notes they got
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to come up with something different because you're killing their purchasing power and maybe the citizens
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of the united states got to suck on it but they don't sir absolutely so you know at the end of the day
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everyone everyone in dc loves to talk about how we need incremental changes and you can only get
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incremental changes done that's pure crap at the end of the day whatever the voters want that's what
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ultimately happens in dc we have seen fundamental changes in this country before because the american
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people have stood up at large and mass and said enough is enough we won't tolerate this we know what
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justice looks like we know what's right we know what's wrong and this is wrong we need that again
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at the end of the day these deficits are only as locked in as congress is willing to let them sit
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there so i think the supplemental is a perfect example of this and you brought this up we have
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spent months and months this year fighting like dogs and cats over trying to keep down spending levels
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and at the moment the best we've been able to get a tentative agreement on is maybe maybe 12 billion
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dollars in cuts for the whole year this supplemental request biden's put up 40 billion dollars wipes
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that away overnight now heritage has been leading the fight against a supplemental bill they've been
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leading the fight as you're talking about that this is more wasted money that this is more thoughtless
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money that's mostly going to get captured by ngos that pay for abortions that fund trafficking of
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humans and drugs across the border a lot of it is going to go to the pension accounts of government
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workers in ukraine most of even the quote-unquote ukraine money in the supplemental isn't even
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military money let alone absolutely the point you've made that dr kevin roberts president how
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heritage foundations talked about which is the adventurism of this war that there's no plan that
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we're on the verge of an endless war so this is the perfect opportunity if we can stop this this
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new wanton abuse and theft of money from americans through this so-called supplemental that can be the
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first nail in the coffin to have a real conversation dc about overall spending levels to make sure that
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the government doesn't just view every household budget as its own piggy bank at the end of the day
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that's what needs to get changed but if we can get the american people together to stand lockstep and
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look at the government and say that is my money it is representative of my hard work we'll stop this
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perfect uh that's perfect as always before i'm going to play this little spot you guys have
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together but don't bury your lead i want you to go back and hit the rewind all this fighting we're
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hearing and all this you know they told us in the appropriation process is all going to be better and
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all the people voted for it looked into the camera and said no we're going to get them we're
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again the next time in the appropriation process we got this don't worry about it be no cr
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there'll be no omnibus we'll get it in regular order in the entire fighting they've had
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what is the total amount of agreed by the way this is in a 6.8 trillion dollar budget a 6.8 trillion
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dollar budget brother stern how much money have they actually agreed both sides to cut 12 billion at
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best that tells you the whole story right there this the well it just shows you it's all performative
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it's all performative the whole thing's performative and you're right the american people
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have to stand up and just say we've had enough let's play this let's play this uh spot that
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heritage just put together congress is considering a proposal to send even more of your hard-earned
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money to ukraine and here's the worst part they're holding hostage disaster relief money for americans
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until they get their way that's just plain wrong your family's contribution already totals roughly
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nine hundred dollars for ukraine until joe biden offers a plan to end the war congress shouldn't
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approve another cent the heritage foundation is responsible for the content of this advertisement
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now if you go back to the keebler elves the other night in milwaukee this is the thing that shocked
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him i think it was only vivek stood up and kind of made the war room's point in heritage point
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and nikki haley the fight for liberty unlimited you know joe biden unlimited money we've put what
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i don't know 140 you can't you can't get an accounting so you can't tell what we do know
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is the best number mersheimer's right the great tragedy of this is not even the american part of
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financing the escalation and that's tragic and that's on us that is on us the tragedy of this
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is the courageous and brave the best and the brightest of their generation in ukraine that have
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been slaughtered in this remember the new york times reporting 500 000 overall casualties 200 000
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from the ukraine side 50 000 kia's killed in action 50 000 kia's more than we had in vietnam in 18
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months of war 50 000 kia's and 125 to 150 000 wounded wounded and if you've seen the medical
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conditions over there there's some people in very bad shape richard stern your point is if you can't
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shut this down forget it the train the train is so powerful you'll never be able to slow it
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absolutely but you know when we go back and look at the fiscal responsibility act vote that was i
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think the purest vote of what's going on in dc so three quarters of the house basically split between
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republicans and democrats came together and voted for that bill who's in that three quarters it's
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the uniparty that takes their orders from the dc cartel that's in bed with all of the actors you
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think about the military industrial complex and everybody else who grifts and gets rich off the backs
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of taxpayers whose money is stolen to give them grants to the government who was the other just
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a quarter of the house that voted against it on the left it was actually the people who are what
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they say they are the people who are socialists who actually want to do their whole agenda but it's
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not frankly bought and paid for it's something they actually believe in even though i think they're
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wrong and on the republican side it was the freedom caucus it was the people who believe in our god
00:24:51.380
given natural liberties who believe in our constitutional republic and all of the things
00:24:55.220
that made us a great country you know the national view has attacked us on that nine hundred dollar
00:25:00.100
per household figure in the spot you just played they attacked us by saying that that number is
00:25:04.340
correct but it's misleading because we actually have a debt that's over a quarter of a million
00:25:10.220
dollars per household what's their point that we spend so much of your money on so many other
00:25:15.460
things why and i think you're right it's disgusting hundreds of thousands of people have died and it's
00:25:22.540
because we don't care in dc that's the tragedy of this we care about we care about the cartel feeding
00:25:30.600
the cartel uh richard where do people go i want to make sure everybody because coming back after labor
00:25:36.180
day there's going to be a firestorm and this audience is going to be one of the main parts of this drama
00:25:41.500
i need everybody up to speed so where do they go over heritage to get smart about uh about the
00:25:47.360
budget and about spending well you can go right on our main page we've got a few different line items
00:25:52.320
for debt one for budget and taxes we've got all of that neatly put together you can go to the daily
00:25:56.820
signal that's in our earn house newspaper publication if you look up rich a stern on twitter
00:26:01.340
you'll find me and all my fun hot takes on things and of course you can read everything from my team
00:26:05.660
as well in the budget and everything that i put out as well and we're always happy to be
00:26:09.920
on your show and the talk with you and all of your great listeners and watchers everybody who
00:26:14.440
really is trying to save the country richard fantastic we got to do this as a unified project
00:26:21.100
great courage and people got to understand what what dr kevin roberts has done over heritage is
00:26:25.840
nothing short of breathtaking and the fact that because the pressure comes from these big you know
00:26:30.040
the the defense contractors we're going to cut giving you any money we're going to work against you so
00:26:34.180
it's a profile and courage sir thank you very much for doing this thank you
00:26:38.300
um they never want you remember they don't ever talk about deficits they don't want to talk about
00:26:45.220
government spending they don't want to talk about the slavery that it entails they never want to talk
00:26:49.280
about that they don't because it enslaves you even more okay we're going to take a short commercial
00:26:54.040
break we're going to go out with the song unclouded sky because you know what you're in the war room
00:27:02.160
oh they tell me of a home where no storm clouds rise they tell me of a home far away
00:27:25.080
oh they tell me of a home where no storm clouds rise
00:27:42.080
oh they tell me of a home where my friends have gone
00:28:26.040
do you ever get the feeling that something bad is about to happen soon
00:28:34.740
and the smoke screens put up in the media you probably won't see it coming
00:28:39.240
that's why it's smart to invest in emergency food
00:28:45.500
as they say it's better to have it and not need it
00:28:48.320
than to need it and not have it my patriot supply
00:28:51.120
is the nation's leader in high quality emergency food
00:29:07.620
enjoy a wide variety of delicious meal offerings
00:29:44.600
tomorrow morning we're going to get into more detail
00:29:51.500
everybody's been keeping in touch with the show
00:30:05.120
is what's happened just over the last couple days