Bannon's War Room - Episode 3196： Fed Unrealized Loses Breaks 1.4 Trillion; Terror At Northern Border

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

00:00:11.360 these people you're just not got a free shot all these networks lying about the people the people

00:00:17.800 have had a belly full of it i know you don't like hearing that i know you try to do everything in

00:00:21.880 the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:25.300 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:33.120 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:41.040 country this country will be saved war room here's your host stephen k bach

00:00:48.280 it's wednesday 22 november in the year of the lord 2023 it's the eve of thanksgiving we got a lot

00:00:59.660 to get to also been an incident on a bridge on the bridge at niagara falls we get to that in a second

00:01:06.160 mike lindell i know you got a bounce uh you've got a big announcement here for the war room posse what

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00:06:44.640 1-800-873-1062 call and have a chat right now with one of the operators mike lindell you have a great

00:06:50.440 thanksgiving brother look forward to seeing you over the holidays yep you too thanks steve mike lindell

00:06:55.460 the man they're going after him because he's trying to defend our country right trying to trying to stop

00:07:01.620 the steal of the election only way they can beat us this time is stealing and there's so many people

00:07:06.900 thinking through every aspect of that to make sure it can't be stolen uh mo want to thank you for uh is mo up

00:07:13.040 she's going to co-host with me today she's also think on a co-host on uh on saturday you're also

00:07:19.620 going to co-host with me mo want to thank you in advance for doing that uh mo joins me uh today mo uh

00:07:25.980 i want to make sure we're totally free people get to bill blast i know grace is working on this a bunch 1.00

00:07:30.780 of new developments we got so much work to do when we get back uh in um we get back uh after the

00:07:38.140 holidays we're going to do the shows we got obviously the blacks uh friday special we always

00:07:43.680 do this year we're featuring the entrepreneurs i'm trying to make sure that you guys are absolutely

00:07:48.580 uh enthusiastic and understand what it means to be an entrepreneur we hope to inspire people

00:07:54.160 uh the war and posse is a very uh entrepreneurial group and hopefully inspire you to start your own

00:07:59.200 business or take your side gig and maybe professionalize a little bit so we're going to

00:08:02.880 have all the different sponsors uh coming on and talking about the arcs of their life as we

00:08:07.420 obviously get you up to date with the news and everything that's going on to talk to them about

00:08:11.140 the life and the challenges you face mo thanks uh thanks for coming on where do people get bill

00:08:16.020 blaster where they get the podcast where they get the email it's all free we try to immerse everybody

00:08:21.260 in information here the information being out there ubiquitous we touch you guys where you guys actually

00:08:28.720 exist online and uh and uh totally free so first the bill blaster app you can go to

00:08:37.360 billblasterapp.org or warroom.org on warroom.org it has a little tab in the menu section that says

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00:08:50.780 to down download the bill blaster app you can also search in the apple app store for bill blaster

00:08:57.860 right now we are currently in the process of making the android and desktop versions they will be out

00:09:03.880 shortly but right now it's the apple version and you can also go to warroom.org and at the very top

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00:09:14.760 you can sign up for our newsletter i highly encourage everyone to sign up for that and encourage your

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00:09:29.080 experience if you watch us online if you get it by podcast or you get it by a radio uh this will give

00:09:35.380 you all the charts or give you all the graphs and also get the video to be able to see it do i have

00:09:39.980 the i want to play ej and tony's going to join me but i want to play i want to leave this segment i think

00:09:44.340 it's 90 seconds am i correct i want to play from morning joe remember this polling about that's come

00:09:50.260 out about president trump and the rise of the maga movement has shocked people particularly two

00:09:56.080 statistics are getting them is about uh african-american men and hispanic men now 49 46

00:10:01.760 supporting trump and also people under 30 leaving biden in uh in droves and guess what they're

00:10:07.560 leaving for even with the power of tiktok as a propaganda weapon they're leaving as we've said

00:10:12.720 because of the lived experience of their lives they feel like they're russian serfs they don't own

00:10:17.260 anything and they're not going to own anything let's go and play this clip ej and tony from heritage

00:10:21.680 germany the other side we're going to break everything down on the economy capital markets

00:10:26.420 all next let's go and play the clip and it's the same thing with young voters and i can't emphasize

00:10:30.900 what you've said enough about this economy this economy disproportionately hurts americans i think

00:10:41.260 under 35 under 40 who can't afford their first home who who who really can't afford to live the type 0.99

00:10:50.840 of life that their parents lived who see themselves falling further and further behind

00:10:56.580 every single week and they hear us talking about how great the economy is and what i hear an awful lot

00:11:03.800 and i know you hear an awful lot i hear younger americans saying i'm not saying that i can't even

00:11:10.480 afford to rent a house let alone buy one yeah that's it i mean i would put myself in that category

00:11:17.580 honestly um it's it's very difficult and i i would also just say that you know the lack of real

00:11:24.900 competition in american democracy at this point is a problem because you know if if those voters are

00:11:32.160 looking at their choices as either donald trump or joe biden and that's what the choices seem to be at the

00:11:37.660 moment the the option is is clear but they're being asked to swallow a whole lot yeah uh and so there's

00:11:45.000 there's no real alternative that's saying you know hey i will i will attend to your needs because the

00:11:50.420 democratic party has essentially uh i i believe for many years now and this is this is not a new

00:11:55.940 phenomenon it has taken the votes for granted of both black people people of color in general and

00:12:02.900 young people that hasn't changed and as these numbers really start to uh deteriorate for joe biden

00:12:10.020 you would hope that there would be more attention there okay uh welcome back i was actually looking

00:12:19.360 at different clock but that's good ej and tony joins me now ej um brother talk i want to address that i

00:12:26.800 want you to address that the um this issue of there's been this massive change in polling young people

00:12:34.000 feel they're they're not going to keep up with their parents they're russian serfs and right there

00:12:40.520 you see them making every excuse in the world while there's no choice and there's actually is a definite

00:12:45.560 choice between trump's policies and what trump delivered in his first term versus what the biden

00:12:51.560 regime has delivered ej and tony absolutely steven you know it's just ridiculous how we keep hearing this

00:12:59.260 this trope from the administration and their sycophants in the media about how there's this

00:13:04.720 somehow a disconnect between people and the data no there's not people understand what's going on you

00:13:10.720 may massage statistics as much as you want but that's not going to conform with people's reality

00:13:16.400 because it doesn't conform with what you've done to the economy i mean at the end of the day look 1.00

00:13:22.000 people are voting with their wallets you know bill clinton was right it's the economy stupid 0.97

00:13:26.700 and i think that is really really going to weigh on the biden campaign going forward i mean that 0.96

00:13:32.580 that significantly weighed on the trump campaign in 2020 even though obviously all of the disruptions

00:13:38.720 from covid were not his fault the economy was like a rocket sled on rails in the first two months

00:13:43.800 of that year but that didn't matter come november to a lot of of uninformed voters

00:13:49.000 uh ej hang on you've got ej's done he's run the numbers and he's got a wake-up call for the

00:13:58.460 american people and particularly uh speaker johnson when people get back next week we've said and we've

00:14:04.440 pushed that we got to have a plan the plan has to be very detailed and very focused in the run-up

00:14:08.440 to january 19th we know i want to know now at the war in posse he's got bill blaster he's got the app

00:14:14.100 become even a bigger force multiplier you've got operating leverage uh you guys are going to want

00:14:19.040 to hear this we're going to take a break ej and tony's going to come back and guess what i think

00:14:23.760 we've got a big old loss sitting on the balance sheet of the federal reserve ej's been great about

00:14:29.300 giving his heads up on the interest expense everything else about this another shocker another

00:14:34.460 shocker from ej and tony he ran the numbers he's going to express it and expose it all to you

00:14:39.180 i want to thank the team over at birch gold birchgold.com slash bannon go there right now

00:14:44.200 understand the end of the dollar empire the end of the dollars of prime reserve currency

00:14:49.680 what it means for you and what it means for your family birchgold.com slash bannon back with ej and

00:14:55.940 tony mo bannon in a moment i know this is hard to believe but we're up against another government

00:15:03.620 shutdown later this month and our wise leaders deal with it how they always do with more spending

00:15:10.420 while lawmakers are high-fiving your savings account continues to lose value because more spending

00:15:17.340 weakens the dollar now end the cycle diversify into gold with the help of birch gold group and listen

00:15:24.200 when you open a gold ira for every ten thousand dollars you spend by december 22nd birch gold will

00:15:30.700 send you a free gold bar let me repeat that for every ten thousand you spend by december 22nd birch

00:15:37.060 gold will send you a free gold bar just text bannon to nine eight nine eight nine eight to claim

00:15:43.580 eligibility before black friday birch gold can help you convert an existing ira or 401k into a gold ira

00:15:50.900 for no money out of pocket and you still get the free gold bar don't let your savings become a victim

00:15:58.040 of the further devaluation of the dollar remember the bricks countries are focused 100 percent

00:16:06.440 on de-dollarization text bannon to 98 98 98 receive a free gold information kit and claim your eligibility

00:16:14.520 before black friday to receive free gold bars on your qualified purchase do it today action action action

00:16:22.920 yes oh here we go oh lexus mcadams is reporting that according to high-level police sources the explosion

00:16:31.980 was an attempted terrorist attack a lot of explosives in the vehicle at the time the two people who were

00:16:39.440 in the car are deceased one border patrol officer was injured driving from the u.s. apparently

00:16:47.000 to canada and we're trying to drive toward the cbp building so all bridges in the area have been

00:16:54.000 closed all government buildings in the area have been evacuated okay this is on getaway day for

00:17:02.000 thanksgiving we'll be following this up at niagara falls uh denver if you can get me any more clips

00:17:07.400 that'd be great uh ej uh so this is looks like a parent a terrorist attack up on the uh the american

00:17:14.680 canadian border the bridge i think they've closed five bridges up there right now so getting more

00:17:20.860 clarification as we go uh ej um first of all i want to put this chart up in a second but i got to

00:17:27.560 talk to my man ej ej on september 28th on september 28th of this year less than 60 days ago we passed 33

00:17:38.120 trillion dollars face amount of total national debt i think i looked this morning i think we're at

00:17:46.300 33.75 right now roughly national debt at the rate we're going we could pass 34 tree and i don't know

00:17:55.340 december january sometime around there the people has it don't i know the political class is still trying

00:18:03.880 to avoid it do people understand that within a hundred days we could add another trillion dollars

00:18:12.380 face amount to the national debt do people understand people in authority do you believe understand the

00:18:18.260 scale of this crisis certainly not the people in in authority steven unfortunately when we talk to

00:18:25.940 uh you know when we talk to the the average voter for example uh when we talk to our friends and

00:18:31.420 family and you start throwing around numbers in the trillions those things are just so big that that

00:18:36.880 they get lost people have a hard time wrapping their head around it so when you put it in other terms

00:18:42.360 like for example if you say to someone hey by the way every kid that's born today starts their life

00:18:47.380 with a mortgage the equivalent of buying a new home and it's simply just their share of the national

00:18:53.700 debt i i think that's where you you actually kind of start to to hit home with some people

00:18:58.020 in terms of the of the political class that is one uh one bright side i guess to this that

00:19:04.140 right now steve when when i talk to different people on the hill i do find more and more of

00:19:09.240 them still not many but slowly it's growing more and more of them are becoming concerned and are

00:19:14.560 starting to realize just how big this problem is especially when we inform them of things like the

00:19:20.640 fact that it's taking 40 percent of all personal income taxes right now just to pay interest on the

00:19:26.400 debt not to pay it down just to pay the interest this is the key every every penny we add to the

00:19:34.120 national debt we will never pay off the face amount of the national debt be like a credit card you always

00:19:38.760 have that you never get to the principal you're just you're running on a tread just to pay the

00:19:44.060 interest expense that's what's happening the the the if the republicans and i think trump makes us

00:19:49.760 if you can make the connection between that clip we just played on morning joe with the under 30s

00:19:55.000 are leaving biden one of the reasons the economy that they feel like russian serfs and you can

00:19:59.900 connect directly connect that to the out of control federal spending and the national debt

00:20:04.880 you're going to govern for decades because this is the crisis that's before obviously the invasion of

00:20:11.340 the southern border the geopolitical crisis but this one right here is a ticking time bomb politico did

00:20:16.180 have a story the first time they've had a story that said behind closed doors the uniparty up there

00:20:22.360 understands that this is a crisis and they can't avoid it anymore it has to be addressed uh but i've

00:20:27.800 got another reality check form ej uh directly from you if we get the trap explain to people

00:20:33.520 uh this situation at the federal reserve and the balance sheet of the federal reserve driven by this

00:20:39.500 structural change in interest rates and and what uh what's even going to make the the deficit

00:20:44.800 situation because you've got to roll this in i think on an annual basis the deficit situation

00:20:49.400 where there's massive losses on the on the government bond portfolio over the over the

00:20:55.220 federal reserve walk us through it certainly steve so last year a lot of people don't realize this but

00:21:00.600 2022 was the worst year in history for the bond market from the time of the founding of this country

00:21:08.300 that's not an exaggeration we have never had a worse year for bonds and the reason for that is

00:21:14.180 because we pushed rates so low for so long and then during covet we pushed them all the way down

00:21:19.920 to zero and then raised them very quickly afterwards we've never had a time when rates were that low

00:21:26.680 and were raised that much that quickly but the other component of this is just the sheer volume of

00:21:33.580 securities that were issued in 2020 and that was done on purpose by the congress and by the federal

00:21:40.260 reserve and as a consequence of that all of these bonds have lost a tremendous amount in value now

00:21:46.860 why on earth did that happen it's actually really really simple if i have a bond that pays one percent

00:21:53.000 interest right and i want to sell you that bond but you can just go to a corporation or the treasury

00:21:59.640 whatever the case may be and buy a bond today at five percent interest why on earth would would you buy

00:22:05.800 my bond at one percent it doesn't make any sense you're leaving money on the table and so i have to

00:22:10.900 sell you that bond for less than i paid for it in order to entice you to buy it from me and that's what

00:22:17.380 we've seen over the last year now if you multiply this by trillions of dollars you get in a nutshell

00:22:23.880 the federal reserves balance sheet and they have lost if you can believe it 1.3 trillion dollars

00:22:31.520 on their holdings now they haven't actually sold those things yet right so they're they're unrealized

00:22:36.760 losses but that's how much money this fed has in in red ink on its balance sheet today

00:22:43.080 and you might ask the question what in the hell is the federal reserve doing sitting on a bunch of

00:22:50.620 bonds this is the quantitative easing this is how they juice this is how they get liquidity in the in

00:22:55.780 the system when they've got a problem this is kind of a con in the scam because i don't think it was

00:23:00.520 ever really set up to do that so they're sitting on face amount about if my math is correct about

00:23:06.220 eight trillion dollars correct roughly over at the fed so you mean sitting on losses right now

00:23:12.600 no no no the total face amount of the total face amount the fed has in securities about eight

00:23:18.140 trillion dollars eight or nine trillion dollars oh yeah there's yeah their securities held held

00:23:23.820 outright is between seven and eight trillion right now yes just seven and eight and so remember

00:23:29.500 the day of the financial crash a couple days afterwards in the oval office when they discussed

00:23:34.620 what they were going to do this is back in uh this is back in september of 2008 the financial crash

00:23:41.700 the balance sheet of the federal reserve was 880 billion dollars just to put it in perspective

00:23:46.520 when donald trump uh raised his hand uh and his one hand on the bible i think it was 3.5 trillion

00:23:53.920 that's how much obama had blown up the balance sheet of the fed and that concentrated wealth in

00:23:59.140 this country they essentially bailed out the stock market they bailed out the real estate class they

00:24:04.240 build it all they bailed out all the asset classes by using this thing called quantitative easing which

00:24:08.920 is essentially buying bonds president trump he never gets credit for this president trump took a

00:24:13.980 trillion dollars his federal reserve took almost a trillion dollars off of the balance sheet in

00:24:20.180 quantitative tightening because president trump in the fed he was very smart in the fact that

00:24:25.460 you got to let the air out of this kind of bubble that you were building and president trump did that

00:24:29.880 think about the economic growth that he got to his tax cuts and deregulation that growth i think over

00:24:36.580 three three and a half percent was with the headwind of doing quantitative tightening if he had done

00:24:41.180 quantitative easing if he had continued that he'd have built up this asset bubble but he would

00:24:47.740 reduce the growth but he was this is smart you're thinking about your balance sheet and your income

00:24:51.560 statement that was extraordinary about the peace and prosperity of the trump years that's why people

00:24:57.860 that look even people under 30 and they go back and go hang on for a second you know low interest rate

00:25:03.400 environment low inflation zero inflation everybody had jobs blue collar people it's a compelling pitch

00:25:09.980 you look at this disaster that uh that biden's got what ej's saying is that on that seven eight

00:25:16.360 trillion dollars is a 1.3 trillion dollar loss when they start selling the bonds now ej correct me if

00:25:21.640 i'm wrong on the just understanding the mechanics of it if they start to sell those bonds and realize

00:25:27.080 the losses that flows through the net interest charge they have to we have that goes into the

00:25:33.920 deficit right that that those losses just don't go away they got to be paid for somehow so doesn't

00:25:38.740 that increase even the deficit problem we have steve exactly so there's a few links in the chain right

00:25:46.000 it's an indirect relationship but you're 100 percent right that 1.3 trillion dollars in losses at the

00:25:51.880 fed might as well just be thrown on to the federal debt because ultimately when the fed loses money

00:25:57.820 it's going to come out of the treasury and therefore the taxpayers pocket but steve if i may going back to

00:26:03.820 what you were saying earlier about those young voters particularly under 30 they're very very unhappy

00:26:09.600 with the current economic situation because literally for their entire lives they have had a federal

00:26:14.820 reserve manipulating interest rates and essentially transferring wealth from everyone else to asset

00:26:21.300 holders whether whether that's the holders of stocks or bonds or or real estate and so now they're in a

00:26:26.260 situation where they're looking at their parents and grandparents and saying i can never have what

00:26:31.160 you have i can never buy the home you have because it has increased in price so much and we sadly now

00:26:37.800 have an entire generation of americans who will probably never own their own homes until one of the

00:26:43.580 the generations that preceded them passes away and and bequeaths them that home 0.50

00:26:48.520 they're waiting on the intergenerational transfer this has never happened in american history

00:26:55.260 we have basically taken any chance of getting the american a dream away from these people these kids

00:27:03.240 under 30 this is what i've been saying for years and going around giving a lecture that they're

00:27:06.280 nothing but russian serfs they don't own anything and they're not going to own anything and i think

00:27:11.740 you're seeing a rejection this is why the polling's shifting this you know world economic forum all

00:27:16.320 these guys in the great reset you don't own anything you're not going to anything but you're going to

00:27:20.120 love it because you're just going to kind of rent when you need to or just kind of flit in and out no

00:27:24.120 people want to get a real grub stake they want they want a holding in this uh in this economy and be

00:27:29.360 a part of it so it's not ej can you just hang on for a second because i want to go through another

00:27:33.220 piece of nomenclature that is used to mislead you you're hearing the new term you're going to stop

00:27:39.380 seeing 34 trillion dollars pretty quickly they're going to say well really it's just 27 trillion

00:27:43.860 dollars because the atrian now you can't count that that's that's not they're going to call this

00:27:48.460 publicly held debt publicly held debt where they're going to try to change the conversation and change

00:27:54.460 the numbers as they always do okay but we're not going to allow it here in the war room make sure

00:28:00.380 you go to birchgold.com uh slash bannon get the end of the dollar empire the third all the installments

00:28:06.180 are free the whole thing's free the third installment is the debt trap make sure you read

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00:28:15.560 need this a speaker johnson getting back in town and we'll go through the program to make sure that

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00:30:07.960 okay ej uh we're gonna get back i'm gonna do i'm gonna pull some coverage of the situation

00:30:19.820 niagara falls also i have a big thing uh we're gonna play on thanksgiving what the real reality

00:30:25.980 of the enemies of this republic are plotting and doing ej real quickly i'm seeing this all the time

00:30:32.840 now publicly they they hate the fact they've gone from 33 trillion to 34 trillion folks in 100 days

00:30:39.380 let me repeat that we reached 33 trillion dollars on the 28th of september of this year less than 60

00:30:47.700 days ago right now we're 33 i don't know 0.75 trillion roughly we're gonna hit 34 trillion pretty

00:30:58.140 quickly i happen to think either over christmas or right into january we'll see i may be a little

00:31:03.560 off but we haven't been too far we've been pretty spot on on all this and i think we're close enough

00:31:07.680 but 34 trillion in 100 days that's the crisis you had before you also ej was the first guy working

00:31:14.360 with him and some guys in scandinavia we're the first guy to say hey the interest expense this year

00:31:19.420 not going to be it's already doubled from 300 it's going to be over a trillion dollars ej's the first

00:31:23.400 guy even taught me on that said hey steve i think it's gonna be 1.25 trillion and it looks like it's

00:31:28.700 going to blow it that going to blow that number out also remember when johnson gets back i want

00:31:32.420 everybody keep this in mind in the path we have now to to basically get a budget and get appropriations

00:31:39.260 and figure it out all from this fiscal year we're in that was supposed to be done before september 30th

00:31:45.000 when we get this done which the earliest will be the first week of march immediately you got to go

00:31:51.240 and that'll have a 1.6 to 2 trillion dollar deficit when you cut out all the happy clappy

00:31:56.180 accounting that's the that's what the deficit is going to be it's going to have to be financial

00:32:00.500 you have to sell the bonds at these terrible auctions we're having immediately you got to

00:32:05.000 get into another uh route for this fiscal year so my point is between in in the in the nine months

00:32:11.620 between now or the 10 months now between now and uh in september 30th because we want to do this

00:32:17.980 one on time it's an election year you're going to have four trillion dollars of deficits write it

00:32:23.600 down right now you heard it first here on the 22nd of november in the year of our lord 2023 on the

00:32:29.520 60th anniversary of the assassination of president kennedy four trillion dollars you're going to deal

00:32:34.300 with four trillion deficit going to have to sell those bonds but they're changing the nomenclature to

00:32:40.300 try to fool the public it's it's 37 point 33.7 trillion face amount but they're saying no no no

00:32:47.400 no no no no it's really you're seeing this all the percentages are done on publicly held debt

00:32:51.600 that's taking the seven trillion off the balance sheet of the federal reserve and just subtracting

00:32:56.640 and say no no really this is all the others all intergovernmental rounding out you know etc and

00:33:02.860 it's really 27 trillion i disagree with that theory ej am i wrong i just too old school that it's

00:33:09.300 really 33 34 trillion are they right now because all the percentages you're seeing because they know

00:33:15.200 once you're over 100 on gdp you never come back the guys at harvard did the point of no return they say

00:33:21.340 this time it's totally different which is nonsense because every economy's collapsed they're you they're

00:33:26.060 subtracting out that number to basically give themselves more runway am i wrong in that ej and tony

00:33:31.080 no not at all and steve i don't think it's a matter of being old-fashioned unless numbers and

00:33:37.140 and basic mathematics are all of a sudden old school or old-fashioned at the end of the day

00:33:42.640 all of the intra-governmental holdings which is basically where uh you know you have might have

00:33:47.740 social security let's say holding a a government bond all of that money is already spoken for it

00:33:53.740 doesn't matter that it's a government entity that holds it or if it's a private uh individual if it's

00:33:58.660 you or i that that holds that debt all of that money is spoken for and all of it has to ultimately

00:34:04.860 be paid by taxpayers either through uh you know more bonds or direct taxation or inflation which

00:34:11.500 apparently has been the vehicle of choice for the last two and a half years with the biden

00:34:15.320 administration but whatever the case may be all of that money is spoken for and it all must be paid

00:34:21.800 it's not as if we can simply say oh well we owe this money to the social security administration so

00:34:26.980 it doesn't really count we could for example just default and not pay that that bill and no harm no foul

00:34:32.440 excuse me that is not the case at all this is nothing more than a shell game

00:34:37.320 you agree with me because the audience write this down you're going to start hearing publicly held

00:34:45.160 that publicly held that we're not at 100 of the of gdp we still got room because they're panicked about

00:34:51.540 the 33 train to 34 so quickly and they realize they got to come up with the gimmicks these are all

00:34:56.180 gimmicks the other gimmick you're going to see i actually was talking to someone i consider one of the

00:35:00.500 brightest people in the country and they said oh no no you don't understand they're they're going to

00:35:04.200 they're coming up with a trillion dollar bitcoin and it's going to be a tree i mean and i said are

00:35:11.080 if you lost your mind i said do you understand the gimmick and he tried to have a rational conversation

00:35:16.260 that it's all gimmicks up there right now this is why i keep saying in the speech in uh which i'm

00:35:21.640 going to break down on saturday in the show they gave it pinehurst i said hey janet yellen spent half of

00:35:27.100 her time up there right now they're behind closed doors and they're working on gimmicks they're

00:35:32.240 working on gimmicks one of the first gimmicks you're going to say because ej you just laid it out

00:35:35.960 all that money's got to be is accounted for all of it the the use of it was accounted for the source

00:35:41.460 of it's still many taxpayers all still got to be paid off they're working on gimmicks of how they

00:35:45.520 play around the gimmicks you're going to see when we get back and start running up to the 19th of

00:35:50.900 january afterwards the biden regime is going to be in full gimmick mode and one of the reasons we're

00:35:55.800 going to have ej and we're going to walk you through numbers every day because you can see

00:35:59.680 no matter how many gimmicks they come up with people in the 30s still not going to have any

00:36:04.120 chance for capital formation you're not going to be a home the the restructuring of interest

00:36:08.720 rates remember ej's the first guy to come back said hey steve don't forget we got to refinance

00:36:13.180 basically a third a third of the the 33 trillion you know all the time constantly that's going to

00:36:20.240 jack up interest rate that's how he got to the trillion dollars of interest expense and you see now

00:36:24.680 the biden regime has made a huge bet and the bet is they're not going long to 30s because they can't

00:36:30.460 sell them so we're just in a constant thing of like treasury notes this is this regime has jammed it up

00:36:36.500 and i gotta tell you for trump the burden is going to be placed on him to sort this mess out because

00:36:41.080 it's a mess it's a mess that gets worse every day but just remember he heard it first you're going to go

00:36:47.240 from september 28th to 33 trillion you're we're going to be sometime i don't know maybe even before this

00:36:52.960 cr on the night on 19 january at 34 trillion we're going to have added a trillion dollars

00:36:58.980 face amount to the national debt and that that's going to cut through everything ej uh have a great

00:37:05.820 thanksgiving where can people get you your social media your twitter feed is amazing where do people

00:37:09.660 go best place to find me is going to be on twitter the handle is at real ej and tony and you have a

00:37:16.280 great thanksgiving too steve thanks brother okay i want to play thank you ej you too okay i'm going to

00:37:22.640 play right now take me to the break you gotta listen to this about thanksgiving i'm gonna come

00:37:26.820 and refute it on the other side let's go and hit it nation this week two native american activists

00:37:32.000 discuss whether we should continue celebrating thanksgiving one says the holiday should be

00:37:37.800 decolonized the other uh writer is my next guest he says that we shouldn't be celebrating

00:37:42.460 thanksgiving we should move on to truths giving and tell the whole story of what happened between

00:37:47.760 native americans and european settlers chase iron eyes is a member of the ogla uh if i mispronounce

00:37:55.040 that correct me sue tribe and an american indian activist let me hear it from you uh chase

00:37:59.880 good morning and thank you for having me on it's it's um you know every every year we go through

00:38:09.900 uh these rituals these are rituals these are rituals these holidays these concepts these they're part of

00:38:16.900 our collective cultural mythology and in america there is a settler a european foreigner alien settler

00:38:27.080 cultural mythology from my eyes as an indigenous person we've been here for a lot longer than the

00:38:33.780 settler institutions are are telling us or are teaching our children in our school so when we hijack 0.99

00:38:42.460 the truth and we put in its place something that is more palatable something that eases our guilty

00:38:51.440 settler conscience um it sets us up for conflict later on because truth precedes justice and justice

00:39:03.080 precedes peace so when when we look at these holidays you know we have native american heritage month

00:39:09.800 that's going on right now and we're just now in a state where we're consciously deconstructing

00:39:16.560 um euro hetero christian programming you could call it settler programming but but it but that's the

00:39:25.500 truth when you when you look into it i'm a lawyer and i've studied the sources of these cultural

00:39:32.320 mythologies the mythologies the mythologies where one demographic is there's not only the settler but

00:39:38.260 the brave explorer the pioneer the the cowboys that tamed the wild west and brought under their control

00:39:50.120 and their subjugation all the beasts of the wild not not only the animals but they're talking about us

00:39:57.200 they're talking about the merciless indian savages that that is in the united states constitution so

00:40:04.160 when when we talk about the myths of a people they provide a purpose a meaning and a place to people

00:40:13.160 i couldn't imagine myself going yeah go ahead so you you suggest that this should not be thanksgiving

00:40:19.300 but truths giving what does that look like instead of what we're used to turkey and football and

00:40:24.840 all that's going to happen on thursday what would that day look like if you were to design what it

00:40:29.740 looks like forward we would tell the truth uh because that is also what will lead us to

00:40:38.360 reconciling to a state of reconciliation we tell the truth about the first thanksgiving you know

00:40:45.060 there's there's many iterations of a first thanksgiving in 1620 when we're talking about the mayflower

00:40:51.300 landing at plymouth rock and the story of the the the the the year the english uh who were met by a

00:41:01.880 massasoit of the wampanoag and we tell the story that then the natives welcomed in the europeans and we

00:41:09.980 celebrated the first harvest with with a cornucopia uh it was so cool to hear that word um we tell that

00:41:18.260 story because it's it's more palatable it's something that is not full of conflict is not full of the

00:41:24.980 violence not full of the the untruths and the fact that that the truth is native people took pity

00:41:33.040 native people were the first philanthropists now we're on the other side of philanthropy and wealth

00:41:38.240 but in the beginning we nursed this incapable child that the new the new of the people that were 0.95

00:41:47.600 coming to the new world yeah they didn't know how to live here and we taught them how to live here

00:41:52.680 we brought them in in peace and said look younger brother younger sister you can live here in this

00:41:58.920 land but we didn't we have a story that if you find a wounded snake and you nurse it back to health

00:42:04.920 and it ends up biting you then you can't blame the snake but we didn't know that most of these

00:42:11.060 foreigners were were that way that they would bite us when we nurse them back to health but that's 1.00

00:42:17.720 exactly what happened that's why we're on indian reservations today so some of the truth is that

00:42:22.420 in 1637 yeah another group of european american settlers went out and massacred 400 to 700 pequot

00:42:30.600 people not only that but they enslaved them and since that time that they've been playing indian

00:42:37.620 european american settlers who are who granted they were trying to create a new identity and a new

00:42:43.720 sense of place a new government let me get in here we took that form of government from the iraq to

00:42:48.600 agree chase iron eyes i got a rapid rapid there but it has been an enlightening conversation i thank you

00:42:54.380 so much uh for for your time still ahead the big boost hbcu students just got from a church in nashville

00:43:03.380 but first we want c c c c and n that's enlightening dude you ought to learn the truth's giving you see

00:43:14.360 the raw hatred this is tied to you're seeing this now and i'll put the uh i tell you what let's put it

00:43:20.540 up right now uh what is it uh thanks taking it directly ties to the gaza situation to the

00:43:27.800 islamic supremacist right that are trying to drive the israelis into the sea and trying to essentially

00:43:34.560 kill the jews right this ties directly to the united states you just heard it right there 0.96

00:43:39.280 this is going to be relentless absolutely absolutely relentless and just look at the raw hate 1.00

00:43:45.580 first off incomprehension it's idiotic argument more importantly the underlying hate the hate of 0.99

00:43:52.440 you short break back in a moment 0.99

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00:45:06.420 use your agency do it today incident is approximately two hours and 20 minutes old chris

00:45:13.160 we don't know which direction this individual was definitively coming from were they coming from the

00:45:18.940 u.s side of the canada side or vice versa we do know that according to four senior law enforcement

00:45:24.180 officials briefed on the matter to myself and my colleague jonathan deans that the vehicle was

00:45:28.420 traveling at a very high rate of speed hits this customs and border protection structure the two

00:45:34.040 individuals in the car described as casualties um and that there was also an injured according to

00:45:39.400 our colleague ken delaney an injured cbp uh officer or official uh that person uh is not expected to

00:45:46.320 require hospitalization so that's a little bit of a good news and that a search of the vehicle and the

00:45:50.820 search of the uh fragments of the vehicle and that is based on some initial photos that we're still

00:45:56.160 trying to confirm uh that the fragments of the vehicle there's no indication that there was an

00:46:00.260 explosion uh excuse me an explosive device inside the vehicle at some point the vehicle does catch

00:46:07.060 fire and does have an explosion after the crash but that does not appear to be a result of an

00:46:13.860 explosive device i i understand that's maybe a little bit of a tricky distinction but at this stage

00:46:19.580 there's no evidence we are told from law enforcement officials that indicate that there was a separate

00:46:24.680 we're going to have uh we're going to have more uh quite confusing about what's actually going on

00:46:30.040 but clearly an explosion some incredible uh footage uh we're going to have more at six o'clock

00:46:36.220 natalie winters i'm going to also join natalie uh but um absolutely incredible on the biggest travel day

00:46:43.260 of the year um once again once again want to thank the folks at birch gold for sponsoring us here

00:46:48.480 birchgold.com slash worm go check it out make sure you check out uh not just all the free information

00:46:54.600 we give you on the end of the dollar empire but also check you got philip patrick and entire team

00:47:00.200 and uh go ask one question why has gold been a hedge in turbulent times if you don't think we've been

00:47:06.400 in turbulent times on saturday i'm going to break down the speech i gave it uh i gave it uh

00:47:12.780 in the pinehurst so talk about the converging crises and what has to happen after we win and secure that

00:47:19.840 victory what has to happen on the action plan thereafter uh you don't think we're in a crisis

00:47:25.280 like i said we just talked to ej and tony i have 1.3 trillion dollar loss sitting on the balance sheet

00:47:32.480 of the federal reserve that has not been realized yet when those bonds are sold that's all got to flow

00:47:36.260 through the uh income statement which is basically the budget they don't want to face up to the fact

00:47:41.340 that the deficit could be over i don't know two and a half trillion dollars next year this thing is a

00:47:47.760 crisis and it's it's blowing out of control expanding out of control mo thank you for hanging

00:47:52.940 with me and and being a co-host um i know we have you and grace you guys are working 20 hours a day

00:48:00.000 how does warpath coffee fit into your how does that keep you alert and awake as we're putting the uh as

00:48:06.620 we are demanding more and more and more out of the war room uh uh executives so if you want to get

00:48:13.300 jacked up like us in the war room you go to warpath.coffee promo code war room and all the

00:48:21.900 roasts that we have at warpath coffee are amazing i'm not i know you like dark roast i'm not a dark

00:48:28.340 roast drinker usually however warpath coffee dark roast is amazing i highly recommend that is the only

00:48:37.120 dark roast i will drink is warpath coffee yeah but you're a big mild uh drinker so uh so thank you

00:48:45.180 look at the war room and people when you go to amfest go over check amfest out right now on the 16th and

00:48:50.680 19th in phoenix i'll be the keynote speaker on the last day you've got the greatest array of speakers

00:48:56.100 from tucker carlson to candace owens everybody is going to be there you get to participate in all

00:49:00.600 that plus we're going to be doing live war rooms and i thank real america's voice i have by far the

00:49:05.560 easiest job here because i've got a great production team at real america voice and plus

00:49:09.720 the war room production team is second to none to give you all these cold opens and the great way

00:49:14.580 the show is put together my job here is the easiest grace and mo and running uh this mad house uh have a

00:49:20.520 much harder uh much harder job than i have uh mo i really want to thank you for all everything you

00:49:26.920 and grace are doing uh we're going to have a great thanksgiving and uh really the entire audience

00:49:32.200 and team tomorrow we're going to have dr uh larry swikert on here the uh co-author of the patriots

00:49:38.080 history he's working on another big project for us but we're going to counter everything you just

00:49:42.960 heard from the hate monger talking about we're going to have truths we're going to have truth

00:49:47.580 giving is that we're going to have you saw that poster but this is uh what's thank thanks taking

00:49:53.280 by the uh the the other social justice warrior for gaza whatever it is the central thesis they've got

00:50:00.760 is that you're an occupier the central thesis they have is that the pilgrims the pioneers the

00:50:05.660 frontiersmen the people that made the greatest nation the most powerful nation and a nation that

00:50:11.780 freed more people in the history of the earth is uh are occupiers are oppressors and are here illegally 0.77

00:50:18.600 well um to set the record right that none of that is true we'll talk about that tomorrow mo real quickly

00:50:24.560 what is your what is your uh social media how does everybody follow you particularly over the

00:50:28.420 holidays you're gonna be back with us on saturday as we go through also i think i'm going to break

00:50:33.040 down i haven't had a chance to talk about general milley and general milley's treason you know they're

00:50:38.840 getting all over president trump this we're going to break it down we're going to take interviews that

00:50:42.080 he's done and actually mo's going to help me uh as a former uh army um captain to break it all down

00:50:48.460 mo what's your social media where do people go people can find me on getter and twitter at maureen

00:50:53.560 underscore bannon and also on instagram at real maureen bannon and i come in hot on all my social

00:50:59.300 medias and from the war room we want to thank you for everything you do as well have a great

00:51:06.060 thanksgiving uh uh natalie is going to pick up at six she's going to be all over the situation in 0.99

00:51:11.680 niagara falls i think they're moving some of the guests around uh i'm gonna um i'm also going to join

00:51:16.400 in also to give you uh talk about updates to talk about what's actually happening some other things

00:51:21.220 going on i want to thank the people over at public square they've just acquired the name michael c for

00:51:26.540 the team michael's gonna be with us on friday as we highlight the entrepreneurs who we work with on

00:51:31.100 black friday you're not going to miss this we're doing this to inspire you if you think you've got

00:51:36.860 an ounce of entrepreneurism and you've just never taken that step we're going to have the stories

00:51:40.960 of the people that are sponsors here and how they started their companies you're going to find out

00:51:45.780 like for instance my patron supply the biggest uh provider in the industry preparedness industry

00:51:50.660 my patron supply started selling patriot seeds out of a one bedroom apartment 15 years ago think

00:51:57.980 about that they build that kind of business and there's all kind of stories like that you're going

00:52:01.640 to get to enjoy everybody in fact eric prince is going to be here eric's got that amazing phone

00:52:05.500 unplugged go to unplugged.com find out all about it eric will actually be here eric is working in the

00:52:11.680 middle east right now actually to come up i think with some solutions about what's going on in gaza and

00:52:16.740 maybe some other places he's going to join us and uh and share what he went through to form uh unplugged

00:52:22.920 unplugged.com so immerse yourself okay short commercial break natalie winters is going to pick it up i'm

00:52:28.100 going to be back here there's all types of uncertainty about what happened supposedly a terrorist attack

00:52:32.820 up at niagara falls on the uh i think the international bridge up there we're going to try to break it all

00:52:37.880 down for you and much much more i want to thank uh once again real america's voice uh for all the

00:52:43.840 support they give uh have a great thanksgiving we're going to be up tomorrow friday saturday all

00:52:50.420 of it we got special tomorrow a black friday special on friday morning you're not going to miss

00:52:56.220 and mo and i will be here on saturday to break down a bunch of the speeches i've given

00:53:01.660 and a lot of analysis of the crisis facing the american republic have a great thanksgiving see

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Bannon's War Room - November 23, 2023

Episode 3196： Fed Unrealized Loses Breaks 1.4 Trillion; Terror At Northern Border

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