Episode 3118： The Fiscal Irresponsibility Of The Fed
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Summary
Join us for the most star-packed show we ve ever had at CPAC as we discuss the latest in the Middle East, the current financial crisis, and much more. Recorded in Tel Aviv, Israel.
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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the world to stop that but you're not going to stop it it's going to happen and where do people
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like that go to share the big line mega media i wish in my soul i wish that any of these people
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had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
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country this country will be saved war room here's your host stephen k bann
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it's saturday 21 october year of our lord 2023 um we're here live at the uh at the cpac strategy
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session they're planning cpac for next year and you heard uh match lap yesterday and i don't think it's
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up on their site yet but we'll make sure we push all war and posse four days for 100 bucks they want
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to make this the most important cpac in the history of cpac and so it's going to be four days general
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mission 100 dollars for four days and remember what a great time you uh rowdy war room posse
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head last year will even have rowdier because you'll have more money to uh for adult beverages
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100 bucks for four days unheard of so we'll make sure we get all that through there i want to say
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for a saturday in vegas i got to thank my team and of course the people here at cpac i think this
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is the most star-packed show we've ever had we have jack basobic ej and tony alex jones eric prince
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danessa de souza caroline wren ken paxton mike lindell all of it we've got breaking news the treasury
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department actually as you know we've been hounding them for the receipts we want to see exactly where
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the nation's finances are because they're lying to you every day they lie to you but you can see
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what's happening in the global bond markets the capital markets the mortgage markets the stock
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market everything your credit card they're not lying to you they're telling you what reality is
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and bloomberg's got a new poll out that says uh folks's inability to basically live paycheck to
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paycheck is driving massive numbers for donald j trump in in battleground states ej is going to join
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me in a second but i want to get to jack basobic who's kind of changed his schedule up
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for saturday with the boys to join us po so here's what i'm worried about the axios
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has a um and we're going to get it up grace and mo will get it up for me they have five different
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newsletters today that are quite informative remember axios is the mike allen uh vander hay
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uh inside tip sheet for the insiders in dc and they do some they do some good work they've got five
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different elements of the middle east war everything from persia's involvement to what's happening
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with uh really with what's hamas is the muslim brotherhood's military capabilities in gaza quite
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detailed people over the weekend ought to read all five of them and we'll get them up uh the messenger's
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got a great piece uh jack that is kind of along the lines you've been talking about and this is that
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the persians and qatar and qatar remembers the nest of vipers right in the gulf have set a trap
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laid a trap for both israel and the united states in this muslim brotherhood hamas attack last week
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i know you've got a certain perspective on this you've done an amazing job jack
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being your naval intelligence officer the last couple of days talking about the assets the united
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states has in the region and how these assets have been under siege both with cruise missiles
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uh protests etc so walk us through your perspective because i think i think they're going to kick off
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the big show is going to be i think tonight or tomorrow so we got to get strapped in for it to
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give us your perspective well steve i appreciate it and you've been doing incredible work here on
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the war room as well uh over at human events what we're doing is trying to put the pieces together
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connect the dots and what you're seeing in axios right now with the biden administration the white
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house is doing is all they can to prevent it the true narrative from spilling out into the public
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that all of this is inextricably linked it is all connected and i threw a post up on x and getter
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this morning russia has ordered the russian air force to load up on hypersonics and put them at
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combat readiness the houthis have begun firing long-range missiles at israel u.s bases being hit
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with drone attacks in iraq and syria iranian-backed militias across the middle east are mobilizing and if you
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think for a second that all of this is happening while putin and xi jinping are holding their
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meeting holding their meeting in beijing looking out at all of this while the brics nations are
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rising well uh you've got fugen and these other thinkers talking about how uh talking about how
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the the rise of the multipolar world the nodes of the multipolar world are all turning against
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what they view as the american and globalist empire the globalist american empire this is the time
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they have decided to make their move because they don't know what's going to happen trump or not but
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they know that now is the time that they want to do this because they want to remove u.s presence
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from world affairs every single one of our troops in the middle east whether you're on a ship at sea
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whether you're on space you have to be understand that you are now in harm's way these drones these
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kamikaze drone attacks from the shahad threes that iran has they can they can penetrate bases they can
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penetrate defenses can we take out 10 can we take out 20 yeah how about a swarm of 100 all at once
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that's the question that i have for the captains of those u.s aircraft carriers that are sitting
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okay i've got to ask you know the biden administration their their move as they've
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said to stop a broader war and to stop the uh the party of god which is hezbollah remember hezbollah is
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just a lebanese faction of the persian it's a proxy arm of the persians military uh you know
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revolutionary guard it's their proxy in that part of the world and they're very tough and very smart
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president trump is absolutely correct about how you describe them you have two carrier strike
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battle groups in the eastern mediterranean that's i don't know 12 to 20 000 sailors
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marines airmen uh when when putin puts a hyper i'm worried enough about the drones but when putin
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says he puts his hypersonics on full alert is the eastern mediterranean not a shooting gallery
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that we've exposed american uh sailors uh to sir steve we need to people need to understand that
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that these hypersonics and and i've been saying it all week on human events and then putin gets up
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there in moscow and says the exact same thing he says these hypersonics with a range of up to a
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thousand kilometers speeds reaching upwards of mach 9 you say you got what you've got seaways on there
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then you've got your asset your standard missile three up from one of your one of our arley burke
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destroyers is it going to be able to take that out is that going to you can intercept a houthi rocket
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sure but how about a hypersonic missile at mach 9 with 5 000 sailors apiece on these aircraft carriers
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that are now sitting within range of these ships and keep in mind keep in mind that if you're parked
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close enough off the coast of tardis in syria latakia you've got anti-ship cruise missiles you've got
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ballistics you've got all sorts of stuff that are sitting right there now within range and oh by the
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way lebanese hezbollah even picked off uh an israeli sar 5 ship with an anti-ship cruise missile almost
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over a decade ago they have the ability hezbollah is not you know hamas they're not strapping on
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headbands and riding paragliders and motorcycles no that is a military that is a non-state military
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force set up by the iranian revolutionary guard corps the the the hezbollah right now is i think
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pound for pound the finest finest light infantry unit in the world with more combat experience
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than any uh unit in the world i mean this is this is like a real war this is not uh this is not going
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to be special forces going in for some strikes there's a piece i think it's on the messenger i've
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got up on getter and if mo and uh captain bannon or if captain bannon and grace can share it the
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the defense minister in israel actually walked through yesterday what the strategy is it's three
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phases one it's a massive ground campaign backed by air and missile strikes to get that not just at
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the hamas and the muzzer brotherhood's military capability to get down into the tunnels and take
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out any of their security capability number two is to hold it and number three is in to put new
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leadership in there so in his outlining i mean the israelis are pretty up front this is going to
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be nasty and they're not going to stop until they dug it all out walk me through jack your best idea of
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how this develops because this could start within the next 24 hours look steve and i understand they're
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focused on the tactical picture but i'm talking operational and strategic focus this isn't going to end
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with gaza whatever happens there this isn't going to end with the ground operation this isn't going
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to end even if they take out all of hamas this is exactly what hamas has wanted from the start they
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want to incite a holy war in which the muslim world rises up against israel and oh by the way now you can
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you can say whatever you want about the situation but who do they blame for everything that israel
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does oh right the united states of america remember in their rhetoric uh israel is the little satan and
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we are the great satan across the sea uh so anything that israel does people need to understand
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that they will consider that an act of war by who oh that's right the american at the same time they
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don't care they don't see any distinction they want holy war civilizational conflict the west
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versus the muslim world and depending on how big this thing is they might actually get it
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uh jack uh you're up on uh are you doing any specials on the human events i know you're up on
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uh getter you're up on twitter you're up on all those what can how can people follow you this weekend
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to uh follow this closely look we're up we're running stuff all weekend we're talking about and we're
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going to go through we're going to walk through the u.s history of who exactly funded these
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terrorist groups to begin with the fact that unfortunately the u.s intel community is up to
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their neck in it this is all these great ideas from brennan and clapper and all the way back
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that we're going to work up these forces and then it incites what's what's it called blowback
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blowback the same when muhammad atav flew that plane into the world trade center he was talking about
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the palestinians so keep in mind folks this is all inextricably linked and if you think if you
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think that it's going to end here all i got to say is two words for you stay frosty stay frosty
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no no no you you you make a great point we're on every side of this trade you know we're we're
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paying for the egyptians we're paying for the jordanians we're we're up to their neck we're
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financing their intelligence apparatus the saudis uae uh cutter we got the largest base in the
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middle east is in cutter a sworn enemy of the united states we're on every side of this trade
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this thing couldn't be more screwed up couldn't be more screwed up so jack thank you so much we'll be
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uh we'll be closely following that so thank you so much sir appreciate it god bless thanks everybody
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thanks for the support for human events thanks brother yeah make sure you go to jack uh get him on
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twitter getter he's over true social everywhere amazing analysis we were doing this live a couple
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of saturdays ago when it was happening and jack's uh analysis of this was just dead spot on let me go
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to uh i've got ej and tony uh dinesh the susan is going to join us in a few minutes but i want to go to
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ej ej uh with your prodding you know you had to be all over the treasury department i don't know
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there were two weeks late 10 days late the treasury finally came out yesterday with the numbers
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have you had a uh have you had a chance to do a quick and dirty look at it yes steven and as we
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suspected things are things are not looking that good the the idea that we were somehow going to
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rake in five trillion dollars in revenue this year that was a complete and total miss and frankly a lot
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of the the outlay data is i would say suspicious to say the least because what the treasury has
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essentially done is transferred over 300 billion dollars of expenses forward from the 2023 fiscal
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year to the 2024 fiscal year in other words this is money that has already been allocated and will
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eventually be spent except that we just basically didn't count it in fiscal year 2023 so what in
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other words revenues are down and expenses are up uh more than than what was initially estimated
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okay okay hang on for a second i'm gonna hold you through the break and if denver i don't know
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if i've gotten to them i want to put the the summary that counts up let me be brutally frank
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the government of the united states the treasury department just lied to you you can't trust these people
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on anything it's a bald-faced lie we call it back when they did the debt deal that the the fiscal
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the deficit was going to be two trillion dollars it's one point and we said it was going to be two
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trillion because the tax revenues everything was going to be below five trillion well guess what
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it came in at 4.4 trillion it was almost a 600 billion dollar miss and yet they still didn't hit
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the two trillion it's 1.7 trillion deficit that is going to be a nightmare for this country to handle
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but they're already playing around with the expenditure number this number i think was actually
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greater than two trillion dollars we're gonna get to the bottom of the next cj and tony
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one of steve moore's uh partners also over at heritage we're gonna drill down we got
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dinesh d'souza caroline wren we got eric prince alex jones ken paxton mike landau wow who did this
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line up great job producers back in a moment last month the g20 announced a plan to impose
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digital currencies and digital ids on their respective populations no i'm not making that
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up that is a fact central bank digital currencies essentially allow the government to track every
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purchase you make they could even allow officials to prohibit you from purchasing certain products
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or easily freeze or seize part or all of your money let that sink in for a second in essence they
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enable the government to take more control over your personal finances concerned americans are
00:15:37.440
diversifying their assets into physical gold with the help of birch gold group if you want a
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physical asset held in a tax-sheltered retirement account you should call birch gold too but learn
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kit on gold then call birch because if digital currency becomes a reality and trust me they're on
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the path to make it so it'll be nice to have some gold to fall back on it's only worked for 5 000 years
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of mankind's history let birch gold work for you bannon 989898 text it right now here's your host
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stephen k bannon okay i want to thank the team at birch gold birchgold.com
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slash war room the bloomberg poll i talked about at the beginning uh bloomberg's got a poll out
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that shows that uh the reason trump and this follows on their poll i think they actually
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released it a day or two ago it shows trump leading in six of the seven battleground states
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and tied in michigan they get behind the numbers on another article an analytical article they put up
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and the reason is wait for it people who are working as hard as they can possibly work
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the good householders and good citizens in our country are falling of falling farther and farther
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behind every day and this is because the new uh the reset in our economy at higher interest rates
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coming off a decade of near zero interest rates of free money which didn't help remember when you're
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at zero interest rates overall it doesn't really help the working it's very tough for you to get any
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capital uh formation because your money market doesn't pay anything your savings account doesn't
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pay anything your checking account doesn't pay anything it's just whatever comes off the sweat
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of your brow but now that we've gone to this is why inflation is a very it's it's very important to
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look at the real inflation number but in your lived experience what's going to be just as important
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is the interest rates because when they say we're in a consumer society not a production society
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we're in a consumer society what they're really saying is that you're in a consumer side society
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the predicate for that is credit we're in a credit based economy and now you've ratcheted these
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things up and credit based economy who believes that more than anybody else uh the uh fiscal
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irresponsible crowd up on capitol hill if you look at the parliaments and the in the legislatures in
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europe in the united states what we've had for since the financial crash in 2008 is fiscal
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irresponsibility by the legislatures continue just to fund all these government programs and all this
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massive overspending and you've had central banks bank of england european central bank uh the german
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central bank and of course the mac daddy the federal reserve that's just there not to put their foot
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down and not to put any kind of monetary uh restrictions on uh the fiscal irresponsible
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legislatures but just to go along with it just basically print money and so now we're in a jam
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and one of the jams you see here because if you deal in a bankruptcy you deal if you if you go into a
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company and try to help a company restructure the thing you have to do is figure out what's the
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sources of cash and what's the what's the cash used for and that's what these government accounts
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show the sources of cash taxes corporate taxes fees tariffs all of it are incorporated in that line
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of all proceeds into the u.s government that has been predicated upon and people have done modeling off
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on and the debt deals all these deals we told guys these models were wrong ej uh was five trillion
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dollars five trillion dollars and going up and it got to five trillion dollars quite frankly because
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of trump's tax cuts that have kind of kicked in and had it led to growth in the economy
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we told you the biden regime the biden regime hang on one second the biden regime and particularly
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janet yellen just came out the other day we have plenty of money we can finance we can finance
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ukraine we can finance israel we can do it all we can know the 80 billion dollars 60 billion dollars
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ukraine not a problem we can do that that's a bald-faced lie that's just a bald-faced lie and
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they're lying to you here they had the the total cash in they can't hide that's 4.4 trillion it's a
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massive miss and they should have warned people about this and they didn't because they've been trying
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to hide it ej that number of their total expenditures is also a lie and we'll work the
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weekend and prove it's a lie by monday or tuesday there was more expenditures than 6.1 even even
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even in their case it's 1.7 trillion which is up 23 and they're getting hammered but the reality
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it's two trillion dollars and they went out of their way to come up and try to figure out another
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300 billion they could hide so they didn't have to get there ej what's the implication for this
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for uh for interest rates as you you're called shot is that the 10-year treasuries if i remember
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everybody in the audience who have no interest in the bond market remember your life your material life
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the the framework of that is set around the 10-year the price of the 10-year treasury everything's
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priced off that your car loan your credit card your student loan uh your mortgage all of it
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everything in your life because we're a credit-based society remember that we're a credit-based society
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it's all off the 10-year treasury you said the 10-year treasury at five which is the stock market
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collapsed yesterday because it hit five percent you say because of these numbers it's going to go
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fairly rapidly to eight percent is that what you're telling me that's what we're looking at
00:21:58.140
right now steve absolutely and the latest numbers i think from the treasury no matter how much uh they
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try to beautify them frankly i think that supports that theory because they can they being the treasury
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continue borrowing at this absolutely breakneck pace i mean we spent almost 880 billion dollars
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in interest on the debt in the last fiscal year and that is going up not only because the the debt
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itself is going up but also because interest rates continue rising in fact even if interest rates stay
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where they are right now at five percent as we've discussed previously there is a tremendous amount of
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debt tens of trillions of dollars worth that needs to be rolled over from lower interest rates to these
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higher interest rates and just to put that that 880 billion dollar number uh in perspective here if you
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look at the department of defense and you include all of the military programs in there that's only
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776 billion so we are literally spending more to service the debt than we are on our military right now and
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the thing i'm working on these hedge fund guys is actually we believe that the interest number is going
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to be one trillion dollars or north and once we hit that just remember something damocles's sword which is
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over the american people is the face amount of the of the debt we're never going to pay off one penny
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every day we accumulate it goes to the face amount of the principal of 33 train and we've added a trillion
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dollars one trillion dollars has been added to the nation's debt since the mckenry mccarthy biden debt
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deal in april and they want to know why people are furious they want to know why people are outraged
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at this you and people look into your community look at the opportunities and hey if ej and tony's
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right and the 10-year treasury goes from five to eight 25 percent of the businesses in this country
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will be bankrupt not gonna be able to service your debt because remember that's a risk-free government
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rate goes to eight percent 33 percent of the people in this country will be belly up you'll
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have to walk away from the credit card debt you just assume go bankrupt just have to pay it off
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at those rates this is you can't the math the math here is is quite straightforward this is not
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quantum mechanics you've had a political class that has the democrats are out of control remember
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they believe in modern monetary theory which oh deficits don't matter well hey you're seeing right
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now they do as we've said for years but it's the republican collaborationist and that is this fight
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you're seeing on capitol hill to get to limited government to get to fiscal responsibility you've
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got to get into the trenches ej i want to thank you for changing your schedule on saturday to do this
00:24:44.220
i know you're working on all weekend we'll be back here monday where do people follow you on
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twitter and social media because you're doing an amazing job sir
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best place to follow me is going to be on on twitter or x whatever we call it now
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ej thank you so much appreciate you coming thank you steve okay here's here's what we're going to do
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i've got an incredible trailer dinesh d'souza who kind of in mid-career became our most prolific and
00:25:14.760
brilliant filmmaker has got a new very chilling film out called police state we have a trailer i want
00:25:21.580
to play for that we're going to play the trailer just drop the hank williams we'll play that later
00:25:26.900
promise land we're going to play the trailer to take us out to break in this sector and then i'm
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going to bring in dinesh for an interview so you're going to see the trailer for the new movie police
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state from dinesh d'souza let's go ahead and hit it
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donald trump and the maggie republicans represent an extremism
00:25:52.940
chief division council and doj have approved a no-not breach
00:25:57.920
we want the subject to be on display doing the walk of shame full visual impact
00:26:09.800
government told american citizens they couldn't go to church on sunday i've never seen anything like
00:26:15.760
it it may be the russia other people grew up in but not my america fbi warrant come to the door now
00:26:20.240
there's a heavy banging at my door open up it's 15 marked units on my property i got swat in the
00:26:27.120
back of my house it took a battering ram to my door
00:26:30.680
6 a.m i hear boom boom boom and hear about six to eight military style soldiers with the tallest one
00:26:40.400
of them pointing an automatic rifle at my head fbi we have an arrest mark shock you out of sleep
00:26:46.240
drag you out of your house have clothes refuse to give you a warrant ransack your house now i'm facing
00:26:53.040
15 years in federal prison for doing nothing other than exercising my right to free speech
00:26:58.560
i had no reason to be attacked i hope that you remember matt's name and the role you played in
00:27:05.280
killing him how did we give the state this kind of power 9-11 changed everything we're going to expand
00:27:12.320
the bureau from law enforcement to domestic intelligence legal shackles are now off it used
00:27:19.120
to be islamic terrorism that threat has kind of dissipated our focus is shifting they're moving to
00:27:24.960
domestic extremism really paints anybody who's right of center what we need is a person to look at
00:27:32.880
and then we go find out what crime you did if you're a pro-life pro-family catholic they define you
00:27:37.680
as radical the demand for domestic terrorism vastly outstrips the supply when candidate trump came down
00:27:45.680
the escalators the government had a meltdown we are going to drain the swamp we'll see about that
00:27:53.440
you take on the intelligence community they have six ways from sunday at getting back at you
00:27:59.280
the patriot act and faiza were used against donald trump google literally rewrote their news algorithm
00:28:06.720
based upon what trump was doing so they could get this guy you just take out the word russia gate
00:28:11.360
and you put in covet origins you take out covet origins and you put in hunter biden's laptop you
00:28:16.480
take that out and you put in january 6. it's the replicated play from the deep state and their partners
00:28:22.080
in the media they're not just de-platforming you they are trying to throw people in prison if they're
00:28:27.760
coming for me they're coming for you hands on your head these are anti-government we are freedom of
00:28:33.120
religion and freedom of speech violent extremists and they must be dealt with we can do anything we want
00:28:44.880
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okay welcome back we're at the cpaq uh strategy session mashup first off a breaking news um blm has
00:30:24.320
shown their true colors they're not just pro hamas when you say pro muslim brotherhood
00:30:29.280
terrorist there's a huge article that you guys one of your initiatives with ted cruz are going to
00:30:35.520
boards of directors and and making sure that people are taking ownership of backing blm and taking down
00:30:41.440
things and forcing their hand that's right do you back them and if you back them you're backing uh
00:30:46.160
you're backing basically murder and assassination rape and torture of the israeli people so this is a
00:30:51.600
two-fold thing here which the first thing is let's hold these uh companies accountable that
00:30:56.320
have gone full woke we know they're mostly white ceos who are virtue signaling so they don't get
00:31:01.920
forced out of the positions they're in and their lucrative deals so uh you know when you go after
00:31:06.800
these people who are on the boards of these companies they don't like it they don't really
00:31:10.960
have much of a public profile when they do get media attention it's because uh it's a puff piece on what
00:31:16.160
what a brilliant person they are strategically or financially uh and so we're staying on this blm case
00:31:21.920
and the big news is is that uh thanks to the help of uh ted cruz retweeting our tweets that coca-cola
00:31:29.520
pulled down their comments on blm um which is pro comments yeah they're pro comments on blm we
00:31:34.640
haven't really had any company take a step back wow and we got to get more companies to do that now
00:31:39.920
what's the other piece of this story the other piece of the story plays into your coverage of the
00:31:43.200
speakers race which was what i tried to explain to scalise and mccarthy as we were going into this
00:31:48.160
latest election was we had a chance those of us who are republicans had a chance to divorce the
00:31:54.560
republican party from both the truth and the perspective that we were a held captive of large
00:32:01.440
corporations big time you could actually separate yourself from these large corporations why because
00:32:06.080
these large corporations said they wouldn't use any pack dollars to anybody who were election deniers
00:32:11.840
so you had a majority right of uh ninety percent of the corporate packs not agreeing to fund any
00:32:18.480
of the races that mccarthy and emmer and these guys they bailed on us right away they bailed on us
00:32:23.040
right away so i said president trump went to mar-a-lago they said we're out you guys are finished my
00:32:26.800
point to mccarthy and scalise was why don't you go right back at him and say when we get this majority
00:32:31.040
whenever meeting with you they both thought that was too aggressive and that's the problem we have
00:32:35.920
they don't want to play that game and the game is we actually don't need you anymore if we are
00:32:41.440
connected to the voters across this country and divorce ourselves from k street and wall street
00:32:47.120
we'll be a much healthier movement what you have the grassroots this is main street versus k street
00:32:51.520
that's what this battle comes down to right now in the house put it in perspective you've been doing
00:32:56.080
this a long time is this the most important fight we we've ever had steve just called me old but
00:33:00.640
it's okay i can handle it and yeah i've been doing this you know i'm i'm such a loser i've been doing
00:33:04.720
politics my whole adult life except for like a brief stint when i opened up a business for my dear
00:33:09.840
mother that's it that i've been doing you know and i've had to people like you you you maybe forget
00:33:14.560
all these things i thought i was smart and i knew because it's a whole new world out there and i do think
00:33:19.440
here's the whole thing on the speaker that people don't get let's take all the personalities out of it
00:33:23.520
when i was a staffer in the house of representatives in newt gingrich who failed the speaker no one
00:33:27.520
realizes that he got kicked out why did he get kicked out because we actually want to make a
00:33:31.920
spending fight and the only way you'll ever change washington is through the power of the purse or
00:33:36.960
unless the supreme court does its job there's only two ways this happens and what we have as republicans
00:33:42.080
is we've constantly elected leaders who will not make the spending fight now some of them won't make
00:33:46.640
it because they want to spend a lot of money but a lot of them won't make it because they felt like
00:33:50.160
we got our butts kicked by bill clinton back back in the 1990s this is 30 years ago and they're still
00:33:56.720
in the fetal position over the fact that dick morris outmaneuvered them a little bit and today
00:34:02.080
what they have to do is shed the lessons of the past and ask themselves this discretionary spending
00:34:07.520
you think you think that's tied back to the 90s where they yeah it's totally what they interpreted
00:34:11.920
the lesson completely that instead of people want the federal government to be you you want limited
00:34:16.160
government and the way you do is get to stop the spending their lesson was the exact opposite
00:34:20.160
we'll be defeated unless we keep up with the spending and that's why no matter what they say
00:34:23.760
that's right they come here so reagan shut down the government eight times in eight years as
00:34:27.360
president it was the tool it's a tool by the way all of history with parliaments is having
00:34:33.600
a fight over the power of the purse you never get anything you want unless you leverage everything
00:34:37.440
you have ronald reagan knew that and he got a lot of changes not as much change as we wanted
00:34:41.840
so when that new majority came in in 1994 we our head was i was a staffer our heads were full of steam
00:34:47.360
we were going to close down this government that's what it took to get change and we felt like we lost
00:34:52.240
because bob dole and the senate republicans just will shock you gave in and said no no we can't
00:34:56.320
do the shutdown thing this is crazy we're getting bad we're getting hate mail uh we can't get hate
00:35:00.400
mail we're politicians we got to get love mail and so they don't want to have the power of the purse
00:35:05.120
fight but steve it's only like 13 of the budget now as you know the whole government's on autopilot
00:35:09.840
it's not even the same setup as it was in the 1990s now everything's on autopilot you're talking about
00:35:15.600
very very little disruption in a shutdown we even though it's a little bit we better use it as we will
00:35:21.920
never defund this weaponized have you ever seen the grassroots as fired up as they are about this
00:35:26.880
fight this is a combination of things the first thing is is they're scared to death about what's
00:35:30.400
happening in places like georgia they're scared to death when they know that there are thousands
00:35:34.240
of people being terrorized by the fbi and the doj they're scared to death when they when they realize
00:35:39.280
what's going on in their school you mean when you see the people that stood up as citizens and tried
00:35:43.520
to have some effect into the 2020 election when you're seeing them rolled up yes prosecuted and may go to
00:35:49.520
prison for multiple years like in wisconsin the other day who just was prosecuted for putting out
00:35:53.760
a meme against six months in prison this is you know this is basic first amendment stuff and people
00:35:58.400
are scared to death about that because they don't know what's coming next for them now the bad news
00:36:02.240
for the left is is that our people realize that if we don't win this time right we got to win big to
00:36:07.760
win because of the cheating if we don't win this time they kind of think it's all down the drain so like
00:36:12.000
we can look at that and say that's bad for us because a lot of people are being uh cooled or chilled from
00:36:17.120
being more politically active i think it's the opposite i think we're going to have people do
00:36:20.080
things they never would have considered doing in a legal context to win this race you mean
00:36:24.960
grassroots and other people volunteer to do something talk about that because uh you're out here
00:36:29.680
strategizing with people you got some amazing speakers amazing advisors why is cpac next year
00:36:35.520
it's in the end of february that's right back in the swamp back in dc why is this one going to be so
00:36:40.960
important uh because i think this is the make it or break it i mean everyone always says the most
00:36:45.040
important election and yada yada yada we all know this you know they're trying to put donald trump
00:36:49.040
in prison and you said this in your remarks they're going to do everything it takes to stop him and
00:36:53.440
we're going to zero probability they will allow him to come back in right and we say it's zero
00:36:57.600
probability that he will not go back in that's right that gap is what 2024 is all about that's
00:37:04.000
exactly right and the we know if we're going to win this country it's not we're not going to win it
00:37:07.760
because we raised more money right we're not going to win it because we had more praiseworthy
00:37:12.160
editorials in our newspapers and in our tv stations right that none of that is operable
00:37:16.160
anymore how are we going to win this thing it's going to be the the guy that doesn't have power
00:37:20.080
and doesn't have wealth uh who's going to stand up and defend the country and i don't mean doing
00:37:24.560
anything inappropriate i mean very basic things and it all starts with the idea think about this
00:37:31.040
you're allowed to leave your home get on a bus or an airplane or get in your car they still let
00:37:35.600
cars be legal and go assemble and they and what the left is simply trying to do is make it so we
00:37:41.440
can't assemble anymore because when we assemble they're going to use words like insurrectionist
00:37:45.360
terrorist blah blah blah domestic terrorists steve if we go to mass we're domestic terrorists these
00:37:49.680
days right exactly the latin mass particularly right according to the fbi so this is a very
00:37:54.400
serious question will we do what it takes to save the country and i think um i think cpac actually
00:38:01.120
scares them which is why i think they come after us so much i think that they feel like they're just
00:38:05.600
about ready to break their back of these grassroots conservatives across the country and i don't really
00:38:10.000
love the word conservative anymore because i think it's just american civilization and i think we're
00:38:13.920
going to show them this year we're going to get a four-year delay in their attempt to destroy our
00:38:18.160
civilization a four-year delay now the long term because we'll win in 24 four years we get trump
00:38:23.680
for four years what are we going to do after that that's going to be the next great question question
00:38:26.800
because you're not going to take this thing apart in four and i don't think you can stop it
00:38:30.400
you can stop it and do some turnaround but this is a 20-year but i don't think trump should pick a vp
00:38:36.000
who's his heir apparent i think trump should pick a vp who helps him rip out the gears and change the
00:38:41.760
government and then we're going to have this big conversation about who's the follow-up to trump
00:38:45.680
and i think that's going to be an important conversation it's gonna be huge talk to me
00:38:48.560
about one of the things in 22 that i think people admit tick tock and other technology that got young
00:38:55.520
people and and not just that people under 40 maybe not young people people under 40 more engaged is is
00:39:01.680
cpaq going to address that you're going to have an aspect that addresses technology as an active
00:39:05.920
part of as active part of not just get out the vote but to mobilize people yeah absolutely matter
00:39:11.760
of fact one of the things that's the most exciting uh meshing of politics and uh in markets is the
00:39:18.160
idea that a lot of our uh donors and activists are also in this conversation you know eric prince is
00:39:24.320
here uh eric prince hopefully will be joining our board and wow he's got some great new technology
00:39:30.480
and to take over his head of security i'm just kidding well if people keep talking about cash
00:39:34.960
patel being the head of the fbi and cia i don't know can you see eric prince being the head of the
00:39:39.120
fbi first off here's what no no granola state cash at cia eric prince at dod i want the tv rights for
00:39:46.320
the confirmation hearing i'll be a billionaire it'll be the most over the top we're just doing three in
00:39:51.520
a row this is that's pure trump and i'm going to talk about someone who's in the room here revere payments
00:39:56.400
uh that is a very important piece of the infrastructure by which if you're running a
00:40:01.200
business and you have online sales you've got to use non-woke options big time we've had a huge
00:40:06.240
problem with this at cpaq we're constantly being canceled we're constantly getting letters from
00:40:10.640
lawyers on this that or the other reason we have to have an ecosystem that protects our ability to
00:40:15.760
do no the payment system was one of the most complicated to set up and you can't have a patriot
00:40:19.680
economy until you have a patriot uh payment system that doesn't get you don't get shut down or
00:40:24.880
and we're all going to get eric's phone the unplugged phone it's got its own ecosystem it's
00:40:29.200
got its own communication it's going to be here tomorrow he's remember the 300 300 we were the
00:40:34.240
test though there are 300 of the war and posse got the first ones 500 just delivered he lied to you
00:40:39.440
already he's sneaky he's sneaky no no he knows boris when i need him he knows no he knows that it's
00:40:46.880
it's your community steve quite frankly that um we're going to have to promote these products in
00:40:51.680
new and inventive ways but that's what we got to test that's what we get to test the beta site and
00:40:54.560
make sure everybody is all works and people are happy what i like about it is in the in the
00:40:58.800
presentation you first did it a young person i think that got to the age of 13 would have already had
00:41:04.800
72 million impressions advertising impressions to form their character and that's one of the reasons
00:41:10.640
this phone you don't get anything i mean they've really worked on this to make sure it's blocked
00:41:15.280
not just from a security standpoint you can use it because eric as you know is all over the world
00:41:20.080
but that it actually if you get it from members of your family it can actually block all the garbage
00:41:26.160
all the bilge that comes in and tries to tries to get around them so that's where we're really excited
00:41:30.000
that whole patriot economy of these different vendors that are trying to build uh companies
00:41:35.520
that uh so people don't have to give money to people that hate them that's right and think about
00:41:40.000
your phone is is such a ubiquitous item and uh all of it all of it is going to bad stuff bad people
00:41:46.960
people hate the country and uh we can actually have this is the most important part of all the
00:41:52.160
innovation is to make sure your phone is separated from it then we get the online payments uh taking
00:41:57.120
care of with revere payments we're going to get law firms we're going to have separate financial
00:42:01.360
institutions but let me tell you banks insurance companies all of them none of this is going to work
00:42:04.960
if we don't win in 2024 uh for cpac what should people be planning on how do they follow you when's
00:42:12.560
this going to take place because this is going to be the the most this is even going to be more
00:42:16.240
important than when president reagan came so we're going to try to lose as much money as we can on
00:42:19.440
cpac because we're just like practically selling the tickets for nothing we've done this for the
00:42:22.880
very first time since i've been chairman is uh for the whole four days it's less than 100 bucks
00:42:28.000
you can go to our website right now cpac.org there will not be a financial reason why you can't be at
00:42:32.880
cpac if you're a kid 100 for four days yeah and if you're a kid it's 50 bucks so uh there's no reason not to be
00:42:38.800
there um and and i think look it's a it's a big screw you to uh those folks that want to keep all
00:42:45.440
of the patriots out of their nation's capital they want to make them feel like you might get arrested
00:42:50.320
that they're going to hassle you and cpac is a big pushback to that and i would just say this
00:42:54.880
donald trump's always had an affinity toward to come into cpac he's come every single time he possibly
00:42:59.760
could um like reagan before him reagan went for something like 13 years um and by the way cpac was
00:43:05.360
established to make ronald reagan a national presidential figure exactly so the fact that
00:43:10.000
cpac has a warm and cozy relationship with donald trump i think is a good thing for those for those
00:43:14.560
people that try to make it sound like it's a bad thing they're wrong kind of made him a national
00:43:17.840
political figure uh social media how do people follow you m slap at m slap on everything in the
00:43:24.080
in the in the in the uh the twitter gets a little spicy yeah i get you Mercedes not on top
00:43:29.360
of that all the time i get yelled at yeah you get yelled at by your daughter sometimes when you
00:43:32.640
no she's she's she's worse than i am is she she's a hundred times worse she's the she seems so sweet
00:43:38.160
she's sweet but she's she's like grace chanda the queen of the hot takes well nasty they get nasty
00:43:42.800
that doesn't happen in the slap household i am often chastised but well mercedes is classy but you
00:43:47.280
know what she says to me she says she yells at me and then like a year later she goes you know
00:43:51.120
what you were ready so you know it all works out okay we're gonna take a short commercial break
00:43:54.640
back in a moment matt thank you so much back in a moment cpac
00:44:13.360
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uh wendy kenney is one of those people behind the scenes that is actually saving so much of
00:45:57.520
the patriot movement here's the reason in the mechanisms of the patriot economy or just the
00:46:03.200
overall economy you have to have a payment service most people just think banks just do that
00:46:07.040
but we've had a a really a a plague of these people just determining with no justification
00:46:14.800
that you're not worthy and this is race basically debanking you're not worthy to to to basically be
00:46:20.800
in business and this is where they they're particularly the beginning shut people down
00:46:24.560
with no explanation at all no rationale just bang correct and you see it on a broad spectrum you see
00:46:30.080
it not only from a a business you know a business getting their merchant services shut down and then
00:46:35.280
getting their accounts frozen and you see it with with just consumers as well um not all banks are
00:46:41.200
payment processors and not all payment processors are banks we warn people consistently if you are in
00:46:47.760
what the banks see as a reputational rich risk that's a catch-all for anything they want any reason they
00:46:54.000
want to shut you down don't process your payments where you bank because they have full access to your
00:46:59.280
bank accounts they can come in at any point pull money freeze money freeze accounts it's a very dangerous
00:47:04.560
situation because once they got that they have your cash that's right right they shut you down
00:47:08.160
you're that's right you're done that's right you can go and wine all you want but it's their
00:47:12.640
decision-making where they let you have access people forget the great mike lindell this whole
00:47:16.960
thing started with mike lindell not just to pull back the credit but it was the merchant services
00:47:20.880
that's right his guys the the payment service guy shut him down that's right he had been i think
00:47:25.280
an american's person somewhere for decades and boom they just they shut him right down that's
00:47:30.000
correct and we've been we've been doing this for about 20 years so we i started in the industry
00:47:35.040
with an entire vertical that the banks deemed as high risk and we're shutting down and holding
00:47:39.520
money and that was in the direct selling space so we've been around a long time in this cancel
00:47:44.800
culture world we just didn't realize it would it would evolve to cancel culture because you say
00:47:50.240
something or you have a certain business that people don't like or you put an american flag up or you
00:47:54.880
make american flags and those are the type of reasons things have been have been pulled that's
00:47:59.200
right the reasons people would blow their heads up but and once this happens this is a death sentence
00:48:04.240
yes particularly if you're going in cash flow and you're cash flowing things look for mike lindell
00:48:08.880
that great company i mean they were an extremist for a while because the merchant service thing
00:48:13.600
the account shut down and they didn't they didn't process their payments um the companies revere
00:48:19.040
revere payments how can people get access to you how do they say hey i've got even is is
00:48:23.760
is there a certain size that you have a minimum requirement for we we do not nope nope we we love
00:48:28.960
everyone equally you will take on all comers we will we will so so in the public sq we're trying
00:48:33.920
to get entrepreneurs because they're in exchange eventually they're going to try to be like amazon
00:48:37.920
with the list and we're partnered with public public sq yeah we are you the payment process we are we are
00:48:42.880
do you take on basically all the all the patriot economies i know war room is with you guys i have no
00:48:47.760
this tech thing is so far beyond me but my team grace and the team who do a great job said you are by
00:48:53.520
far the best and provide the best services so thank you we really pride ourselves on white
00:48:57.760
glove service and nothing is sent offshore so when you call into revere you call into the united states
00:49:02.800
nothing is we don't send you to some foreign obscure country you talk to the same people over
00:49:06.720
and over the white glove service is really something we we have done for 20 years and what we're known for
00:49:12.240
remember president trump uh left in in january february of 2021 all the people associated president trump
00:49:19.040
were debanked i'd been in places for 30 and 40 years and made these people a lot of money didn't
00:49:23.840
care boom gone they're they did a uh they were these guys the people were just burtled if you're
00:49:28.880
associated with trump you're you're you're it's called reputational risk which is total nonsense
00:49:33.600
they did this to a doctor recently a doctor with his all his executives and then his extended family
00:49:38.960
members they debanked everyone associated with him so how did they once again where do they get
00:49:44.160
with folks out there because i know we get a whole we're approached every day by people that want to
00:49:48.720
become part of this patriots economy we're building an alternative economy just like dinesh jesus talks
00:49:52.960
about the the police state it's happening we can't let ourselves fall to the the uh financial
00:49:58.640
infrastructure because then they have total power it can shut you down where do people go
00:50:02.240
reverepayments.com they can also follow us on x truth or gather at revere payments or they can
00:50:07.840
follow me at payments ceo amazing you're doing a great job and thank you thank you for all the help
00:50:13.120
you've given the uh the the war room because we wouldn't be the robust vibrant operation we were
00:50:19.200
if it was not for you so wendy thank you so much thank you okay the next hour alex jones eric prince
00:50:24.320
ken paxton caroline wren wow mike lindell what a show stick around we're going to go out with uh
00:50:31.280
i'm bound for the promised land by the hillbilly shakespeare one of the greatest musicians in the
00:50:36.240
history of this republic hank williams uh one of his best songs take it away we'll see you back
00:50:41.600
here in a moment second out of the war room on jordan stormy banks i stand and cast a wishful lie
00:50:53.360
to canaan's fair and happy land where my possessions
00:51:05.360
i am bound for the promised land i am bound for the promised land
00:51:15.360
oh who will come and go with me i am bound for the promised land
00:51:29.360
o'er all those white extended plains shine on eternal day
00:51:41.360
oh who will come and go with me i am bound for the promised land
00:51:55.360
oh who will come and go with me i am bound for the promised land
00:52:17.120
no chilling winds nor poisonous breath can reach that helpful shore
00:52:25.360
o'er all those who will come and go with me i am bound for the promised land
00:52:39.360
o'er all those who will come and go with me i am bound for the promised land
00:52:53.360
oh who will come and go with me i am bound for the promised land
00:52:59.360
o'er all those who will come and go with me i am bound for the promised land
00:53:13.360
o'er all those who will come and go with me i am bound for the promised land
00:53:19.360
o'er all those who will come and go with me i am bound for the promised land
00:53:33.360
o'er all those who will come and go with me i am bound for the promised land
00:53:47.360
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