Episode 3134： Building Back The Failing Economy
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Summary
Stephan K. Bannon delivers a big speech in North Carolina and talks about his new role as White House Speaker and what he needs to do to protect his job and preserve his wealth in a time where the stock market is in free fall.
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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hey peter k navarro in for the admirals giving a big speech in one of my favorite states north
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carolina uh tonight we have a big show for you over this hour my mission um and it's going to take it
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take some work on your part my mission today um is to help you protect your job and help you preserve
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your wealth in a time where just today i don't know if anybody was noticing we had um uh the the
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beginning of what is likely to be an even more significant stock market crash um and we need to
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understand why that is happening and how you um can protect yourself um we're also going to uh talk a
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lot uh on the second part of the show uh about uh the mike johnson agenda that big news this week
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new house speaker as you know um the question is what what does he need to do what should he be doing
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and i also want to um talk uh about the gaza terror tunnels uh in parallel to the historical parallel
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in the vietnam war to really once you understand the gaza terror tunnels you understand why this new
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uh conflict is going to be with us uh in a very dangerous way for a very long time so uh before i
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get started on the uh the economics and stock market though i gotta congratulate uh stephen k bannon but
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but most importantly his audience you the posse uh the likelihood of mike johnson winding up as speaker
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of the house um was near zero uh a few weeks ago and uh it was a long and winding path uh no one in this
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swampy town here is happier than i am uh to see kevin mccarthy sidelined and i hope he uh he does the
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japanese version um of what dishonored people do um in america which is uh resigned from his seat never
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to be heard of again in this town although i'm sure he'll come back to haunt us like jock itch who is a
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lobbyist uh he was a bad man uh kevin mccarthy uh he lied cheated his way up the ladder
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he betrayed us and he's left us with uh some very significant economic problems it's going to be
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very hard to recover from and you know we went through jim jordan we went through steve calice and
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all that um but but johnson um i never bumped into him when i was in the white house uh personally but
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by all accounts he's a decent honest man and is uh pure maga as they get so we'll talk a little bit
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about that um later on but the only reason why he's there the only reason is because of you
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because of the calls you made to the swamp uh to make sure that we didn't wind up with an alternative
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like uh ember uh or others who would clearly um not have been very good so uh i salute you
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and the admiral the power of this show is it's really um to be part of this show um uh as a posse
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or as as somebody who has the honor of uh guest hosting once in a while um is really quite something
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i mean you look at the landscape of the media there's not a really a lot of alternatives out
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there to get the good hard real truth i mean you have the the cnn's and msnbc's
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um on the left in in the visual arts as it were you've got uh the new york times uh the washington
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post um usa today all have their own version of the liberal agenda and certainly uh the wall street
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journal um has gone over to the murdoch dock side because he owns the paper and it's never trump
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um so it becomes a real struggle to get the real truth so i count yeah i count count the war room
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at the top of the food chain in terms of of the kinds of folks steve gets on and and what what i find
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amazing about stephen k bannon it's not just not just really good experts he gets on you know people
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like russ vote or dave waltz or uh phil patrick um but but but he finds people uh out in the
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grassroots who have important truths to speak um and missions to accomplish and and he gets them
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uh to you and you hear their point of view so big week in maga big week for the posse
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big week for the war room big week for america all right let's um let's talk about uh the mission
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here today which is to help you um protect your job and preserve your wealth and you might be
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17 years old listening to this show you might be 70 um and anything in between but um you do have
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an economic stake in this nation uh that you have to deal with um likely on a daily basis unless you
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hit the lottery if you're on the older side uh getting ready to retire or are retired your your
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nest egg as it were um is under siege from the biden inflation if you're uh younger trying to move
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up in the job market and the like your wages are certainly under siege from the inflation from biden
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but um if i'm right um there is likely to be a significant recession coming which is a game of
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musical chairs at every business where some people are going to lose their job and you have to figure out
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whether that might be coming and if it is take appropriate protections and so um how do you do
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that um i spent i spent the the better part of my professional career at the university of california
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irvine at the business school and part of what i did for a very long period of time
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was a weekly uh market and economy newsletter um the idea was to handicap what was going on
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in the um economy and stock market and in my view is that there's a like a synergy
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between the two i mean if you can figure out what the stock market's telling you about the economy you
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better predict whether there's going to be a recession or or a boom or something in between
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and if you carefully watch the economy you can kind of figure out the direction of the stock market and
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note that this view is this totally contrary to the wall street rhetoric that lures you in often to
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debacles this is the random walk theory it's the idea that nobody can predict which way the stock
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market's going which way the bond market is going and the the seduction of that intellectually
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bankrupt theory is that it gets you to take your money and put it in index funds and forget about
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it you know so i just put it in there be a passive investor and they'll pat you on their heads they
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don't worry uh we've seen that every 10 years it'll increase by a nice amount and don't worry about
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whether whether stocks fall um but um the major hedge funds they don't play that game
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they short when the market's in the downward trend they go long when it's in the upper trend they get
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the hell out when it's kind of sketchy and kind of a 50 50 bet and they let you stay in
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and lose your money uh and lose your money uh and that's the money they make and i've always thought
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that that it was important for you as a retail investor as or as just somebody who's out in the
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job market exposed to these economic and financial market risks uh to better understand that environment
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it's worth taking the time to watch the markets watch the economy every day it doesn't take a long
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time you spend 10 15 minutes they just look at the financial news and if you kind of know what to look
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for you begin to get a feel for it um and so uh i've recently uh started back doing this uh this weekly
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economy and market wrap it's at my sub stack oh well it's the um peter nevar dot sub stack dot com
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peter nevar dot sub stack dot com and what i do every friday is is kind of do a market summary and
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at the end of that i always like tell you what i thought i'm not giving you financial advice per se but
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i tell you what i believe the market trend um is and what uh what what i think uh should best be done
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with my money for example and so um peter nevar dot sub stack dot com so so back in um back in july
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um i started this uh in one of my first missives uh basically talked about um the various market risks
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posed by bidenomics at the time uh the uh stock market um was defying expectations it was in a bullish
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uh uptrend uh but i saw that bullish uptrend kind of as a magic trick as a levitation it was
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was basically a function uh of all the the overspending of the fiscal the irresponsible
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fiscal spending that was jamming a lot of money into the economy the money had nowhere to go
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uh the bond market was was was in a long prolonged crash uh and so the stock market was benefiting
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in my judgment artificially from that yet you could see all these kind of storm clouds
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um out there and so my my counsel at the time uh was that uh the safest thing to do at the time was
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cash cash cash is king one of my favorites expressions and when i said cash what i meant was
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you're going into the short-term safe treasury securities that you can get at the five percent
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yield so you instead of running the risk of losing five ten fifteen twenty thirty percent in the stock
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market um in these times the idea was like hey just cash and get your guaranteed uh return and so
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what i've been doing every week peternavar.substack.com and these market wraps on fridays
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is putting out um kind of a running commentary on what was happening each week in the market
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and um if you can denver uh let's throw that chart up there now uh which um will show uh kind of what's
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going on with the s p 500 um looking for that chart denver you there brothers not seeing the chart all
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right there we go we got the chart there okay so when i talk about the stock market um in the united
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states i'm talking about the s p 500 that's the broadest market index it's got all the big cap
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companies um the nasdaq is like kind of the tech heavy side it's a much more speculative narrower gauge
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to the economy and then the dow jones industrial average which is uh what used to be referred to as
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the market uh on on the uh the tv channels it's not really that it gives you like a false kind of
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signal it's only 30 stocks and we're not an industrial economy anymore thanks to china
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uh but if you look at this chart this is a one-year chart you can see that uh it peaks that top of that
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chart it peaks about on july 31st which is about the time i started the newsletter and i started
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newsletter like i said it was things looked like they were in a bullish uptrend but if you look at
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that chart you can see that uh it's gone from about 4 600 down to a key support level which it broke
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today um and so we're going to come back to that chart i'm going to explain the horror that it means
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for all of us um in the meantime it's peter k navarro in for stephen k banning you are here
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in the war room and the mission today is to protect your wealth and your job
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last month the g20 announced a plan to impose digital currencies and digital ids
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on their respective populations no i'm not making that up that is a fact central bank digital
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currencies essentially allow the government to track every purchase you make they could even allow
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officials to prohibit you from purchasing certain products or easily freeze or seize part
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or all of your money let that sink in for a second in essence they enable the government to take
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00:16:28.500
it'll be nice to have some gold to fall back on it's only work for 5 000 years of mankind's history
00:16:36.700
let birch gold work for you bannon 989898 text it right now here's your host stephen k bannon
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hey peter k navara in for stephen k bannon you're here in the war room we are talking about today's
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mini market crash in the wave of things uh to come but before we do that um i always like to put in a
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big plug for mike glindell mike glindell is uh i mean this man is being tortured uh by the weaponized
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state here in this country and because he has great products and because of that we need to support him
00:17:27.080
so mypillow.com mypillow.com you can always use uh the code uh bannon's war room and you'll get uh
00:17:36.700
great deals but i personally use the pillow i use the towels uh use the sheets uh and you should too
00:17:47.200
all right let's get back down to business again this is this is a heavy lift it's not as sexy
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as talking about some of the other issues we talk about but it's really at the heart of the matter
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of your own personal and financial and professional welfare so let's let's see if you can stay with me
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on this because today was a big day in america that probably went largely unnoticed uh by most of this
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country this was the beginning officially of the market crash uh of the biden economy and if you can put
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that chart back up uh denver um you can see this is before we left the break this is the s p 500 which
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is the broad market index of the u.s stock market and you can see at the top of the chart uh the the
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market peaked around the july 31 just about at 4600 it fell below 4200 today which is a big deal for
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what's called the technicians because 4200 was a key support level once it went below that it fell below
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what's called the 200 day moving average and that means from a technician's point of view that there's
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likely free fall below there where it's going to have to fall for a while before it finds its next level
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of support could be another 10 making a total of 20 i think it could go as high as 30 percent and
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the way um you take the chart back off now the way i want you to think about this again is this is kind
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of kind of what what i what i teach and taught in the newsletter uh peter navarra.substack.com
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it's uh technical and fundamental analysis that the people on wall street use to figure out
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the best time to be in or out of the stock market okay so what are these two things that the technical
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analysis is is basically the study of charts and trends so in this case we have a key moving average
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breach the 200 day moving average and you can see from the chart itself as you draw a straight line
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through the the wavy curve downward it's a clear downward bearish trend so uh if you're a investor
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you don't want to be on the wrong side of that uh and so you know there's there's people on wall
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street that's that's all they do they just they just look at charts they could care less about what's
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going on in the world they believe that the charts reflect what's going on in the world so they don't
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need to know um but the best the best folks who do this the best the people who make the most money
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combine um technical analysis with what's all fundamental analysis now the the core wall street
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type of fundamental analysis back in the old days is looking kind of just at the company and what their
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price earnings ratio is quality of their management uh and things like that but what i what i did and
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had a little bit of role pioneering this kind of thing is take a more macro look at the fundamentals
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and you can clearly see that when you have like a market trend going down like we have in the s&p 500
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and you have a breach of the 200 day moving average the underlying fundamentals are what led me to my cash
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call two months ago to begin with and i would say here
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that the war room compared to say cnbc bloomberg or fox business does a better job a better job
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of handicapping the stock market than those other three networks they're supposed to be the experts in this
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but the problem you have with the cable news financial networks is that they have an internal bias
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towards being bullish the reason is a lot of the advertising support they get are from the companies
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who don't want to see their stock price go down so there's there's this built-in bias the other part
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of the built-in bias on cnbc fox business bloomberg is the fact that a lot of the people who go on those
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shows are the big money managers the pension fund managers the head fund managers and they all have a
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vested interest in keeping you the sucker the small retail investor in the market so they don't have
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to lose money uh with their bigger funds so you you don't get the the real truth from them um
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steve steve is i mean he's he's a crack financial analyst he cut his teeth on goldman sachs after
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getting out of the navy and serving this country um and he brings on smart people who who give you the
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honest truth and the honest truth here is that the fundamental situation um is is the worst i've
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seen and i was four years in the trump white house with president trump we had clear economic plan that
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was structurally based it was strategic energy dominance by drill baby drill letting the frackers
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do their thing um that gave us the ability to influence uh leadership in the oil market pricing oil prices were
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at least um a third lower on average than they are now and they keep heading up uh we we focused on uh with
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key war room stars like russ vote on uh reducing the regulatory burden the tax burden and my job of course
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was to level the the trading field using things like the trump tariffs because if you're if you're
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running big trade deficits you're basically exporting your production and jobs and that slows your growth
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as well so we had we had a clear structural plan now um what what happened was joe biden gets in there
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and and through the same kind of executive orders that i helped the president write he had somebody else
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writing them undoing pretty much everything we did including the the debacle on the border which is a
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whole nother topic i could spend another hour on if i had it um but my point here is that everything
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that joe biden has done through his bidenomics is creating fundamentals for the u.s stock market
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that are bearish that suggest that there's there's going to be a further market correction as high as 30
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percent or more and that will be lengthy it will take probably years um to recover from that and it's not
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going to happen if joe biden gets a second term guaranteed okay now what are some of the things
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um that i talk about um in the weekly newsletter and again i want to i i i offer this to you um
00:25:21.500
uh free subscription if you want i mean it's it's i'm not trying to make money on you um i'm trying
00:25:28.760
to help you protect your wealth but it's peternavaro.substack.com peternavaro.substack.com
00:25:35.180
and what i what i've been doing each week is kind of talking about each of the fundamental problems
00:25:41.400
we're facing so if we run them down we start with with the worst problem which is the budget deficit
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we're running that's so far beyond any historical president precedent that it's breathtaking
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um as steve has pointed out on the show uh it's not 1.6 trillion which is a huge number it's over
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2 trillion when you really do the math so we're running 2 trillion dollar deficits a year and that's
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pressing us hurtling uh towards a fiscal cliff and one of the implications just just of going over that
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fiscal cliff is that in a in a in a high or rising interest rate environment um the debt that we're accumulating
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is becoming a steadily higher percentage of our gross domestic product and it's well over 100 percent
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now it's over 120 percent it's forecast to go to 200 percent within a matter of decades
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and what that means is that that more and more your tax dollars are going not to pay for the roads
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and the bridges and the medicare and the social security and the national defense and the and the
00:27:02.440
education that the government is supposed to provide to you but rather simply to service that debt
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and the the even worse part about as much as the debt is held by foreigners so it's like it's like a pure
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transfer payment of money out outside this country so it's the money's not not transferred to american
00:27:25.240
citizens where it could be spent here and help with growth it goes out to the chinese the japanese the germans
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um and and out there right the saudis whoever buys our debt and so that alone just that alone is a recipe
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uh for disaster and that disaster is unfolding and that's why it's so important with mike johnson as the
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new speaker that the house republicans draw a line in the sand for debt reduction all right so what we're
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going to do now is when we come back i'm going to complete the list of all of the fundamental
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problems we're facing in this country economically which are going to drag us down as well as the stock
00:28:14.520
market so peter k navarro sitting in for stephen k bannon we'll be right back you are in the war room
00:28:22.000
the best financial show political show and show in the country
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peter k navar in for the admiral steven k bannon steve's in north carolina giving a speech
00:30:14.020
if you're there go on down uh yeah look if you're just joining uh the show um what i've been talking
00:30:22.980
about is uh how to protect your wealth preserve your wealth and protect your job in an increasingly
00:30:32.020
dangerous uh bidenomics economy uh the cliff notes for this show may be found at peter navar
00:30:40.380
dot substack.com peter navar dot substack.com that's where i do my weekly economy and market wrap
00:30:47.180
and what's important right now as we speak is that the stock market uh just entered uh bear market
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correction territory it's lost 10 percent from uh its most recent high in july and it's more likely
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to lose another 10 to 20 percent than to stabilize and go back up um you won't hear that on cnbc or
00:31:16.560
bloomberg or fox because they don't like to tell you the truth but here in the war room
00:31:20.800
um this is what we do now what i've what i've been doing uh in the earlier part of the show
00:31:27.480
is talking first of all how the technicians saw this coming because of the downward trend in the market
00:31:35.000
and the move towards uh the different moving averages and i'm trying to explain kind of the
00:31:41.720
underlying fundamentals so the first one we went out when it went over is this kind of massive
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two trillion dollar a year deficit which is just going to cripple the ability of our government to
00:31:53.540
function um in a very short amount of time uh so that's got to be dealt with now the next thing
00:32:00.720
that bidenomics has done uh is turn the strategic energy dominance of donald john trump into a strategic
00:32:10.600
energy subservience follow along here it's like what trump was able to accomplish is make
00:32:17.420
this country the largest oil producer in the world and a net exporter we didn't have to rely
00:32:24.360
on foreigners for our oil anymore and as a practical matter what that meant is that even though
00:32:32.280
and obviously the u.s is not a member of the opec oil cartel we basically were the price leader
00:32:40.280
in the market we could tell saudi arabia what to do uh and we didn't have to worry about but the
00:32:46.740
problem that we've had with joe biden you know the first thing he does is is gets rid of the
00:32:52.480
keystone pipeline i actually helped write the executive order that president trump signed like
00:32:58.720
in the first week of his term back in 2017 to get that thing going and biden unwinds that he
00:33:04.900
canceled all the leasing he's just doing everything he can to shut down the fossil fuel sector and
00:33:11.640
and we've lost our strategic energy dominance we are now strategic energy subservient
00:33:17.160
and one of the things that done has is allowed uh saudi arabia and russia basically to jointly control
00:33:27.700
price leadership in opec and um again in my in my substack i've talked about how saudi needs about
00:33:37.460
eighty dollar barrel oil the way that saudi regime works is it's it's a bunch of small number of rich
00:33:44.700
crown princes running around the world in their in their jets uh sponsoring u.s golf tours um and then
00:33:52.720
meanwhile they've got this restive population that stews with little work to do and what they do is
00:33:58.480
they pay them off with these big social welfare programs so they got to cover those expenses so
00:34:03.600
that's eighty dollar barrel oil and then the russians need about a hundred dollar barrel oil or more to
00:34:09.460
prosecute their war um against ukraine and and their aggression against uh other nations like georgia and
00:34:17.260
things like that um and they're setting prices and not surprisingly uh oil prices are a good
00:34:26.060
fifty percent higher than they were under donald trump um and they're more likely to keep going up and
00:34:36.420
down because of some other things going on in the world such as the hamas israeli war which is broken
00:34:43.300
out so and let's remember here um every time you go to the grocery store and you're wondering why food
00:34:49.440
costs so much it's like the key one of the key inputs two inputs for for for food production is the
00:34:59.100
the fuel that's required to run around the tractors and all that and the trucks to the market but also
00:35:05.280
the fertilizer fertilizer is the key component is is petroleum so we've got that going on with the shocks
00:35:12.900
and the third thing of course is the federal reserve policy which is responding to all this inflation
00:35:19.280
we've got one of the fastest increases in interest rates uh certainly within the last 30 to 40 years
00:35:26.380
uh and the fed uh shows no signs of reducing interest rates anytime soon and that that is is just choking
00:35:38.220
choking off the housing market choking off the auto market um it's you know all the financial deal
00:35:44.960
makers uh in in new york and elsewhere who want to cut deals and do all their wheeling and dealing
00:35:52.560
they think they're the hurdle rate doesn't make it when interest rates are like eight nine ten percent
00:35:58.500
so so that kind of economic activity is grinding down so what we're seeing here slowly is like the python
00:36:06.280
trick right where um these interest rates are gradually offsetting the fiscal stimulus from the deficit
00:36:14.980
spending and the python's winning okay we just had blowout blowout economic growth numbers this last week
00:36:25.920
but but no one believes that that's sustainable because it simply is not and the more likely scenario
00:36:32.080
is if not a recession then certainly um stagnant growth which basically is the same as recession so
00:36:42.320
you know that means lower earnings for corporations and that means lower stock prices ergo you got a
00:36:48.660
falling stock market and don't forget when inflation goes up and squeezes costs that squeezes earnings
00:36:54.900
as well so you got that going on and then there's all these um these massive losses in the bond market
00:37:03.480
and the last two years in the bond market the bond price there's been like a 50 percent losses this is
00:37:09.660
like this is like the quiet gutting um of the financial markets and and the bond market as steve has
00:37:17.860
often pointed out is an ocean compared to a little pond to the stock market in terms of how much the
00:37:23.860
money flows are and that that's like trickled down to the banking sector which holds a lot of its reserves
00:37:30.860
and bonds and no longer has adequate reserves to cover um its deposits and so there's the looming
00:37:37.140
banking crisis um as well as a looming crisis in the commercial real estate sector which you know what's
00:37:45.000
interesting about the commercial real estate sector is that look all of us out there who've ever been
00:37:50.860
able to buy a home is we've done it with a long-term mortgage you don't like you don't borrow like for
00:37:57.820
a year and then turn roll it over and roll it over roll it over you get your 30-year fix and you're done
00:38:04.560
with it right that but that commercial real estate doesn't do that they do everything short term uh and
00:38:11.140
roll stuff over it's that's just a practice in the industry and what's happening now is a lot of the
00:38:16.840
debt they have um is it at really low interest rates and then they got to roll it over into five
00:38:24.580
percent and it's like it's killing them because it's coming at the same time that their vacancy
00:38:30.160
rates have crashed because of all the impacts of the pandemic and the whole structural shift
00:38:37.800
to um to to work at home and and all of that so uh and then the last you know again we're talking
00:38:45.240
about the the fundamentals okay remember when you try to predict where the stock market's going
00:38:51.080
you can look at the charts like the technicians do or you can look at the fundamentals including
00:38:55.920
the macro fundamentals i think you look at both that's what i preach in the in the newsletter
00:39:00.960
peternavaro.substack.com and the last fundamental thing you have to overlay on top of this is all
00:39:08.100
the geopolitical risks that are out there you got the the hamas israeli war which could balloon into a
00:39:15.440
lebanon hezbollah israel iran war um which could draw in god help us but biden is stupid enough to
00:39:24.720
allow this to happen they could drag the u.s into it i mean we already got too much out there
00:39:30.200
uh that could implicate us in in a hot war um so bottom line um if you're going to
00:39:40.080
preserve your wealth protect your job you need to be financially market literate that requires
00:39:48.960
paying attention each week i try to do my part with the the weekly market wrap on fridays peternavaro.substack.com
00:39:57.920
but but i urge you um to read with with with skepticism because this is all you got out there
00:40:06.300
is you know the stuff like the the financial press the bloomberg the yahoo finance
00:40:11.480
go read cnbc and stuff like that but just remember they they want to their bias towards bullishness
00:40:19.720
and you need to be able to penetrate that bias um to protect yourself and so um
00:40:27.280
this macro situation if everybody on capitol hill kind of understood this macro situation
00:40:35.680
it would make life a little bit easier which is kind of my segue to talk a little bit about
00:40:40.780
the mike johnson agenda uh we need first and foremost uh significant debt reduction
00:40:50.360
for any agreement to lifting the debt ceiling okay so from a purely economic point of view
00:40:58.420
that needs to be priority number one now priority number one b needs to close our southern border
00:41:08.020
um that's non-negotiable that needs to be non-negotiable and i hope mike johnson and and and the republicans
00:41:16.740
will hold firm on this as an entire unit and caucus because the border is doing a number of things one is
00:41:26.220
it's it's driving down the wages of america number two it's causing absolute chaos across america as
00:41:34.200
millions of millions of illegals stream into our country number three it's increasing exponentially our
00:41:42.060
geopolitical risks uh because of the bad people that are coming across whether it's military age
00:41:53.900
um islamic um terrorists uh whether it's mexican drug cartel sex traffickers um these are bad people
00:42:06.140
And, you know, if you if you did, they're not bringing our values, they're bringing
00:42:12.700
And the Tlaib and the Congresswoman Tlaib, who is just absolutely critical of the state
00:42:27.360
of Israel to the point where she condones Hamas beheading children without blinking an
00:42:35.120
eye, I think tells you in a in a in a microcosm the problem you have when when immigrants come
00:42:45.380
I mean, she's in a district where you would say to yourself, how the hell does she get
00:42:49.900
reelected with with the kind of policy she's advocating?
00:42:53.480
It's like it's godless, it's it's extremist, it borders on Islamic terrorism.
00:43:01.080
And yet she won reelection and now she's she's just so.
00:43:08.180
But but the problem is she's in kind of effectively the own version in Michigan, apparently, of
00:43:14.980
the Gaza Strip, albeit with all the comforts of American democracy.
00:43:23.500
So I hope I hope somebody challenges her next time around.
00:43:30.100
All right. I'll be right back for the last segment.
00:43:37.260
I'll talk a little bit more about the Mike Johnson agenda before that.
00:43:42.420
And Peter Canavaro, always an honor to be with you, the posse who did such a great job
00:43:47.500
this week, getting us a new speaker for the world of Hong Kong.
00:43:58.860
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00:44:03.540
I think you can see I don't always make the healthiest food choices either.
00:44:08.180
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00:45:40.040
Hey, Peter K. Navarro in for Stephen K. Bannon for the big finish here in this hour.
00:45:48.160
I want to finish up a few minutes on the Mike Johnson agenda and then we're going to bring in
00:45:54.560
He's going to tell us about an exciting new tour that's coming up.
00:45:59.280
But at the end of the last segment, I talked about the need at the top of the charts for the House Republicans.
00:46:08.580
They cannot, they cannot approve an increase in the debt ceiling without significant debt reduction and without ensuring a closure of the southern border.
00:46:22.920
I don't care how long the government gets shut down, folks.
00:46:25.980
Those conditions need to be met because if we don't solve that debt problem, it's going to bury this country.
00:46:33.760
And if we don't solve that border security problem, it's going to destroy this country.
00:46:42.480
But I can tell you how disappointed I have been with the rest of the Republican effort.
00:46:51.720
And Mike Johnson really needs to get that jump started.
00:46:55.720
There's there's the alleged committee that my good buddy Mike Gallagher is running.
00:47:02.080
I was impressed with him when I met him during the Trump administration.
00:47:07.660
Meanwhile, China is having his way with Joe Biden and the rest of this world.
00:47:12.480
And the other thing directly to you, Speaker Johnson, you, sir, are a constitutional law lawyer.
00:47:22.200
And it has been absolutely crickets in the House Republicans in terms of saying anything about that unduly authorized,
00:47:35.000
this illegally formed J-6 committee that had as its primary mission not to uncover how J-6 happened.
00:47:44.120
Oh, spoiler alert, it was FBI informants and Nancy Pelosi, but rather to simply try to put Donald Trump and people like me and Steve Bannon in jail.
00:47:55.400
And you, sir, and you, sir, and the Republicans need to get off your butt and have something to say about that committee,
00:48:04.640
because so far it's been crickets and crickets means that they are getting away with that.
00:48:16.200
Um, always a pleasure to see Joe Allen and, um, Joe, I, you're brilliant, man, because I, I, I, back in the day when I was doing books and I was younger and I had your energy,
00:48:29.360
I never had the energy or idea to do what you're about to do, but you're about to go out on a speaking tour and with a bunch of books in your car and you're going to do book signings.
00:48:42.840
And I want you to tell the posse right now, the dates, where are you going to be and how they can come see you and buy one of your books, sir.
00:48:53.960
Um, I wish you could make it out, but it's, it's kind of a long haul from here.
00:49:00.960
Um, the first stop will be November 5th, Indianapolis, Indiana, Life Point Church.
00:49:06.780
Next stop, November 8th, Pittsburgh, Pennsylvania.
00:49:11.800
Very nice, big venue, uh, free food too, by the way.
00:49:15.840
As you go to the third one before that, tell people where they can go on the internet.
00:49:21.600
If you just want to have a look, JoeBot.xyz, right at the top of the page.
00:49:27.260
Or warroom.org under the transhumanism tab has the tour dates.
00:49:32.520
And of course, I'll be updating it going along.
00:49:35.200
Some things are to be determined, but it's set.
00:49:38.480
Uh, the really big one though, Peter, uh, Nashville, Tennessee, December 15th.
00:49:43.400
Kind of, you know, I lived in Nashville for many, many years, kind of a hometown thing.
00:49:51.160
You know, let's, uh, let's get you, see if I can get you on Huckabee.
00:49:55.960
So, uh, I'm doing Huckabee, um, November 10th and doing that show, um, was one of the great
00:50:09.340
It's out on the, um, it's out on the, the, the, the ranch where one of the great country
00:50:14.160
stars, where they got this big kind of like old Opry kind of grand theater.
00:50:18.040
And I think this would be right up, right, right up, uh, Mike's, Mike's alley.
00:50:25.420
You know, uh, coincidentally, uh, his daughter, uh, a friend of mine, uh, was riding next to
00:50:30.700
her on the plane and gave her a copy of my book.
00:50:38.440
Please, please recall her name so that we can say it and she'll forgive me.
00:50:42.900
Um, but anyhow, uh, yeah, Nashville, Tennessee, Phoenix Lodge.
00:50:49.560
Uh, you don't get a pillow, but you get a discount.
00:50:54.480
Um, I'm a programmable and a repetitive like a robot.
00:51:19.180
That's the American freedom Alliance with Karen Sigmund.
00:51:25.780
She runs these things, uh, should be fantastic.
00:51:28.240
And then ending it off in to Larry, California.
00:51:32.480
Uh, I mispronounced to Larry a couple of days ago and all the people from to Larry quickly
00:51:39.280
came to the defense of the, their city's pronunciation.
00:51:42.920
So yeah, I'll be there with, uh, uh, Clay Clark's, uh, reawakening.
00:51:53.320
I just did, uh, I just did, did the Clay Clark, uh, Doral, uh, tour.
00:51:58.800
I, you know, Clay, Clay and Mike Flynn are, they're, they're two of the best Patriots,
00:52:03.420
uh, in the country right now doing a great rally.
00:52:10.480
So, uh, look, posse, uh, you just heard all the dates go to the website.
00:52:16.100
Um, I want to make sure that Joe doesn't have to sleep in his car.
00:52:24.280
And, um, it's an amazing, it's look, here's the thing.
00:52:27.900
It's like, I told you this the last time you were on, it's like, I never could figure
00:52:35.700
And as usual, Bannon was about a year ahead of everybody.
00:52:39.720
And now this is like at the heart and soul of the problems that we got to worry about
00:52:47.180
So nobody knows this better, uh, than Joe Allen.
00:52:51.460
Um, give me your last word, uh, where I'll give the website once more and then I'll,
00:52:58.420
Well, come out, give me your hardest questions.
00:53:00.600
And I look forward to seeing you face to face, uh, Joe bot dot X, Y, Z list right at the top
00:53:14.460
Peter K Navarro, uh, for Steven K Bannon, uh, Peter Navarro dot sub stack.com.
00:53:21.860
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