Bannon's War Room - December 13, 2023


Episode 3243： Hunter Biden Whines At The Mic


Episode Stats


Length

56 minutes

Words per minute

174.84003

Word count

9,827

Sentence count

869

Harmful content

Misogyny

9

sentences flagged

Hate speech

11

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Learn English with Donald Trump. President Donald Trump delivers a blistering response to the ongoing investigation of his family by the House of Representatives, and calls for his removal from the White House. Trump also delivers an impromptu impromptu speech at a public hearing.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 I'm here today to make sure that the House Committee's illegitimate investigations of my family
00:00:05.600 do not proceed on distortions, manipulated evidence, and lies.
00:00:13.820 And I'm here today to acknowledge that I've made mistakes in my life
00:00:19.420 and wasted opportunities and privileges I was afforded.
00:00:24.200 For that, I'm responsible.
00:00:26.620 For that, I'm accountable.
00:00:30.000 And for that, I'm making amends.
00:00:34.680 But I'm also here today to correct how the MAGA right has portrayed me for their political purposes.
00:00:42.600 I am first and foremost a son, a father, a brother, and a husband from a loving and supportive family.
00:00:54.000 I'm proud to have earned degrees from Georgetown University and Yale Law School.
00:00:58.640 I'm proud of my legal career and business career.
00:01:03.020 I'm proud of my time serving on a dozen different boards of directors.
00:01:06.960 And I'm proud of my efforts to forge global business relationships.
00:01:11.640 For six years, MAGA Republicans, including members of the House Committees who are in a closed-door session right now,
00:01:22.160 have impugned, have impugned my character, invaded my privacy, attacked my wife, my children, my family, and my friends.
00:01:33.980 They've ridiculed my struggle with addiction, they've belittled my recovery, and they have tried to dehumanize me, all to embarrass and damage my father,
00:01:46.260 who has devoted his entire public life to service.
00:01:51.260 For six years, I have been the target of the unrelenting Trump attack machine, shouting,
00:02:01.200 Where's Hunter?
00:02:03.200 Well, here's my answer.
00:02:05.200 I am here.
00:02:09.200 Let me state as clearly as I can.
00:02:12.540 My father was not financially involved in my business.
00:02:16.440 Not as a practicing lawyer.
00:02:18.580 Not as a board member of Burisma.
00:02:21.040 Not in my partnership with a Chinese private businessman.
00:02:24.680 Not in my investments at home nor abroad.
00:02:27.220 And certainly not as an artist.
00:02:32.600 During my battle with addiction, my parents were there for me.
00:02:40.860 They literally saved my life.
00:02:44.280 They helped me in ways that I will never be able to repay.
00:02:47.220 And of course, they would never expect me to.
00:02:51.660 And in the depths of my addiction, I was extremely irresponsible with my finances.
00:02:58.440 But to suggest that is grounds for an impeachment inquiry is beyond the absurd.
00:03:03.780 It's shameless.
00:03:06.360 There is no evidence to support the allegations that my father was financially involved in my
00:03:10.620 business because it did not happen.
00:03:14.380 James Comer, Jim Jordan, Jason Smith, and their colleagues have distorted the facts.
00:03:27.540 By cherry picking lines from a bank statement, manipulating texts I sent, editing the testimony
00:03:34.160 of my friends and former business partners, and misstating personal information that was
00:03:39.600 stolen from me.
00:03:41.660 There is no fairness or decency in what these Republicans are doing.
00:03:50.080 They have lied over and over about every aspect of my personal and professional life.
00:03:57.600 So much so that their lies have become the false facts believed by too many people.
00:04:05.540 No matter how many times it is debunked, they continue to insist that my father's support
00:04:10.660 of Ukraine against Russia is the result of a non-existent bribe.
00:04:16.400 They displayed naked photos of me during an oversight hearing.
00:04:22.320 And they have taken the light of my dad's love, the light of my dad's love for me and presented
00:04:30.580 it as darkness.
00:04:33.320 They have no shame.
00:04:37.820 These same committee chairmen have engaged in unprecedented political interference in
00:04:43.480 what would have already been a five-year investigation of me.
00:04:49.500 Yet here I am, Mr. Chairman, taking up your offer when you said, we can bring these people
00:04:57.400 in for depositions or committee hearings, whichever they choose.
00:05:02.360 Well, I've chosen.
00:05:04.960 I am here to testify at a public hearing today to answer any of the committee's legitimate questions.
00:05:14.140 Republicans do not want an open process where Americans can see their tactics, expose their
00:05:22.760 baseless inquiry, or hear what I have to say.
00:05:29.940 What are they afraid of?
00:05:32.760 I'm here.
00:05:34.040 I'm ready.
00:05:35.040 Hunter, are you willing to go across the street?
00:05:41.080 Why don't you?
00:05:42.080 I'm not going to testify now.
00:05:43.080 Why did you dare if your father was...
00:05:49.080 This is the primal scream of a dying regime.
00:05:53.080 Pray for our enemies.
00:05:55.080 Because we're going medieval on these people.
00:05:57.260 The reason I got a free shot on all these networks lying about the people.
00:06:02.260 The people have had a belly full of it.
00:06:04.260 I know you don't like hearing that.
00:06:05.260 I know you try to do everything in the world to stop that, but you're not going to stop
00:06:08.260 it.
00:06:09.260 It's going to happen.
00:06:10.260 And where do people like that go to share the big lie?
00:06:13.260 MAGA Media.
00:06:14.260 I wish in my soul, I wish that any of these people had a conscience.
00:06:20.260 Ask yourself, what is my task and what is my purpose?
00:06:24.260 If that answer is to save my country, this country will be saved.
00:06:30.260 It is Wednesday, the 13th of November in the year of our Lord, 2023.
00:06:41.260 History being made already.
00:06:43.260 I have to...
00:06:44.260 Abbey Lowell...
00:06:45.260 Hunter, by the way, if you're actually paying for your legal advice from Abbey Lowell, if
00:06:50.260 that was advice that you should do, if the White House signed off on that, you should
00:06:55.940 sue him for malpractice.
00:06:57.260 If you notice with that big, you know, that big sob song from the...
00:07:02.260 And by the way, you're not a husband, son, you're a pervert, scumbag, and traitor that 0.98
00:07:06.260 sold your country out for money.
00:07:07.260 That's what you are.
00:07:08.260 And the laptop from hell gives you all the evidence you want.
00:07:11.260 You in living color.
00:07:13.260 You're a pervert.
00:07:14.260 You're a scumbag.
00:07:15.260 You're a traitor.
00:07:16.260 Okay?
00:07:17.260 And you sitting up there whining and this more Biden whining, whining, whining, whining,
00:07:22.260 be a man.
00:07:23.260 You're supposed to be past the drug addiction, then stand up and be a man.
00:07:26.260 You're here, ladies and gentlemen, at the MAGA right, what'd they call it?
00:07:33.260 Attack machine?
00:07:34.260 Trump attack machine?
00:07:35.260 Headquarters here at Capitol Hill.
00:07:38.260 I mean, I don't even know what to make of this.
00:07:40.260 It's so good.
00:07:41.260 Did the White House...
00:07:42.260 Is somebody in the White House...
00:07:43.260 So you wonder why his...
00:07:45.260 Biden's approvals numbers are, what, 37% among independents or 35%, 34%, which is really
00:07:50.260 praxis, I keep telling you, for the American people, because both parties are so divided
00:07:54.260 and partisan.
00:07:57.260 He does all this.
00:07:58.260 He does the big windup.
00:08:00.260 He does the big windup.
00:08:01.260 I'm here.
00:08:02.260 I'm here to answer questions.
00:08:03.260 And then he walks away from the microphone.
00:08:05.260 He doesn't take a question.
00:08:07.260 You can't make this up.
00:08:09.260 Bro, if you're gonna shine on the subpoena, then you come up there and you say, I want
00:08:15.260 the public hearing.
00:08:16.260 You stand up at the microphone and you throw down hard.
00:08:20.260 These are lies.
00:08:21.260 These are misrepresentations.
00:08:22.260 You've made all this up.
00:08:23.260 You've shown a dark side when it's all the light of my father shining through me.
00:08:27.260 I'm a being of light.
00:08:29.260 That's what I am.
00:08:30.260 I'm a Hunter Biden being of light.
00:08:34.260 If you have your...
00:08:35.260 If you're being...
00:08:36.260 If you're a being of light and you're saying, hey, I'm here to answer all appropriate questions,
00:08:42.260 I'm here to answer all appropriate questions, then stand at the mic and answer the questions.
00:08:47.260 Can I just play the clip at the end?
00:08:49.260 Dude, Abby Lowell, you are now convinced me you're an overpaid moron.
00:08:53.260 If this is what your recommendation to your client was is come up and make a big, you
00:08:58.260 know, make a really powerful statement and let the American people see the goodness, the
00:09:02.260 being of light that would be shining through from Joe Biden to through Hunter.
00:09:10.260 I'm gonna play this right here in a second.
00:09:13.260 Who did a bigger face?
00:09:14.260 Biden is the cooler.
00:09:17.260 Who did a bigger face plant this week? 0.99
00:09:20.260 Zelensky or Hunter?
00:09:24.260 That is...
00:09:27.260 What you just did right there is not sellable.
00:09:29.260 But you teed it up.
00:09:30.260 You came out.
00:09:31.260 So we can go all into it.
00:09:32.260 We didn't even intend to start the show.
00:09:35.260 We had a whole different show start.
00:09:36.260 And then I saw that.
00:09:37.260 I go, oh my God, they thought this was good.
00:09:40.260 Who in the White House signed off on this?
00:09:42.260 Who in the White House signed off on this?
00:09:45.260 Who in the White House thought this was a good idea?
00:09:47.260 Who in the White House thought this wasn't gonna drive the story even larger?
00:09:52.260 And say, let me play this.
00:09:53.260 So he goes to this big thing.
00:09:54.260 I'm here.
00:09:55.260 I'm not gonna get behind closed doors.
00:09:57.260 I'm here to answer every question.
00:10:00.260 And then like he's done all of his life.
00:10:02.260 What does Hunter Biden do?
00:10:03.260 Because Hunter Biden is not a man.
00:10:04.260 He's a little boy.
00:10:06.260 And most people tell you some of the people that work in the drug things that when people
00:10:11.260 start doing a lot of drugs, normally their maturity level stops at that moment when they
00:10:18.260 started doing a lot of drugs.
00:10:19.260 That's why so many people that have drug problems seem incredibly immature and not able to kind
00:10:26.260 of really think through how one comports oneself as an adult in this veil of tears.
00:10:32.260 I think he's a perfect example because it's still the whiny, you know, oh, beho, oh, oh,
00:10:39.260 woe is me. 1.00
00:10:41.260 I'm a loving brother.
00:10:42.260 You're a loving brother.
00:10:44.260 You're a loving brother.
00:10:45.260 Let me think this through.
00:10:46.260 You're a loving brother.
00:10:47.260 Gosh.
00:10:49.260 The grieving widow is like your co-star.
00:10:53.260 The grieving widow is a co-star in the laptop from hell. 0.98
00:10:58.260 She's the co-star much to the much to the angst of your then of your wife, your then wife,
00:11:06.260 I guess before the stripper and before whoever you're married to now.
00:11:10.260 Right.
00:11:11.260 That she's the co-star and you can see it up on the laptop from hell.
00:11:15.260 You can go to Garrett Ziegler's.
00:11:16.260 We're trying to get Garrett trying to get ready, trying to redo the show today a little
00:11:19.260 bit so that we can get some immediate response, hot takes, something like that.
00:11:24.260 You got to have a hot take.
00:11:25.260 No, bro.
00:11:27.260 You sold it.
00:11:28.260 Chinese businessmen.
00:11:29.260 Okay.
00:11:30.260 CEF was a Chinese Communist Party.
00:11:33.260 It's the capital markets allocator, quote unquote, the energy company.
00:11:36.260 It's a capital markets desk.
00:11:38.260 It's basically a capital markets allocator of one belt, one road.
00:11:43.260 The primary mechanism that the CCP was using in unrestricted warfare to consolidate the
00:11:52.260 Eurasian landmass.
00:11:53.260 And the U.S. head, the chairman who nobody who's been disappeared.
00:11:58.260 And of course, Patrick Ho, I think his deputy, who has already been designated as one of the
00:12:01.260 top spies in China.
00:12:03.260 They're not Chinese businessmen.
00:12:04.260 This is the idiot.
00:12:05.260 Abby Lowe, you can't go out there.
00:12:06.260 We're just going to we're just going to crush and rip your face off with this. 0.92
00:12:10.260 They're not Chinese businessmen.
00:12:11.260 One's already been known as a spy.
00:12:13.260 The other guy was a spy.
00:12:14.260 And that's not coming from us.
00:12:16.260 Hunter Biden tells the New York Times that or tell it tells the tells somebody say, hey,
00:12:20.260 the New York Times is all over me because I'm on.
00:12:23.260 You know, I've got the number one spy in China, Patrick Ho.
00:12:27.260 They're not Chinese businessmen.
00:12:29.260 They're Chinese intelligence assets or intelligence officers, which he's taking money from.
00:12:34.260 Hello.
00:12:35.260 That's not forging global.
00:12:37.260 Hunter Biden, a drug addict pervert scumbag is just the person you're going to have for global
00:12:47.260 business alliances.
00:12:48.260 You see the even the the bizarre, the bizarro nature of his thinking.
00:12:54.260 No, that was all to get money to your dad for political favors and influence peddling.
00:13:01.260 That's all it was.
00:13:03.260 You're not you're not forging global business.
00:13:07.260 I can't do this a straight face because it's such a clown show.
00:13:11.260 Biden, this shows me, you know, there's no convening authority in the Democratic Party to really take out Biden.
00:13:17.260 This is everybody's talking about behind the scenes, you know, to get him off the ticket because they got the Kamala Harris problem.
00:13:22.260 You got Whitmer and Newsom over there salivating on this.
00:13:26.260 Somebody's got to make a move.
00:13:27.260 The numbers are only getting worse, particularly after his performance this week.
00:13:30.260 And they roll this out there and what they're thinking.
00:13:34.260 The Democrats are thinking, hey, man, if this is what they're doing to take care of this problem, because you're going to have another historic vote today.
00:13:40.260 They're going to vote the impeachment inquiry, I think, today later.
00:13:43.260 Right. And that and they know.
00:13:45.260 And the talk is if they got enough votes to the impeachment inquiry, of course, they're not going to start an inquiry that they know they don't have the goods.
00:13:51.260 So they're going to impeach Biden.
00:13:52.260 Biden's going to be not going to be removed, but the process in the House will lead to an impeachment vote.
00:13:57.260 This is logical.
00:13:59.260 And this is why they want to get Hunter in front of the committee today, kind of get things rolling off to off to a bang.
00:14:06.260 The reason he doesn't want to go, he doesn't want to get deposed under under oath.
00:14:09.260 He's going to use every excuse in the world.
00:14:11.260 But broke.
00:14:12.260 Can we play the quick hit?
00:14:13.260 We're about to leave.
00:14:14.260 Can I go and play?
00:14:15.260 But let's play the end.
00:14:16.260 And then I'll talk about when I get back.
00:14:17.260 This is Hunter Biden going there to answer every question.
00:14:20.260 Let's see.
00:14:21.260 Let's see the end of it.
00:14:23.260 I'm here.
00:14:24.260 I'm ready.
00:14:25.260 I'm ready.
00:14:29.260 Hunter, are you willing to go across the street?
00:14:32.260 Why don't you.
00:14:34.260 Why did you.
00:14:38.260 The fourth estate.
00:14:39.260 The fourth estate.
00:14:40.260 We're all on their side.
00:14:42.260 Yo, dude, once you answer a few questions.
00:14:44.260 Are you going to go across the street?
00:14:47.260 The stupid hour.
00:14:49.260 The Biden regime unmasked for the perversion, the corruption.
00:14:54.260 The corruption.
00:14:55.260 The treason.
00:14:56.260 The bribery.
00:14:57.260 Short commercial break.
00:14:58.260 Back in a moment.
00:14:59.260 I know this is hard to believe, but we're up against another government shutdown later
00:15:04.260 this month.
00:15:05.260 And our wise leaders deal with it how they always do.
00:15:08.260 With more spending.
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00:16:19.260 Do it today.
00:16:20.260 Action.
00:16:21.260 Action.
00:16:22.260 Action.
00:16:23.260 I'm here today to make sure that the House committee's illegitimate investigations of
00:16:28.260 my family do not proceed on distortions, manipulated evidence and lies.
00:16:37.260 And I'm here today to acknowledge that I've made mistakes in my life and wasted opportunities
00:16:44.260 and privileges I was afforded.
00:16:47.260 For that, I'm responsible.
00:16:50.260 And for that, I'm making amends.
00:16:57.260 But I'm also here today to correct how the MAGA right has portrayed me for their political
00:17:03.260 purposes.
00:17:04.260 I am first and foremost a son, a father, a brother, and a husband from a loving and supportive
00:17:15.260 family.
00:17:16.260 I'm proud to have earned degrees from Georgetown University and Yale Law School.
00:17:22.260 I'm proud of my legal career and business.
00:17:26.260 I hate, I hate what I call the man child.
00:17:31.260 This guy's been pampered.
00:17:32.260 You know, he skipped one thing there.
00:17:34.260 Hunter, he skipped.
00:17:35.260 Abby Lowell, please.
00:17:36.260 You skipped a naval officer.
00:17:39.260 Naval officer for 30 days.
00:17:41.260 Father gun decked the entire system when he's VP.
00:17:44.260 Got this guy in.
00:17:45.260 He just like the brother got in.
00:17:47.260 They were the lawyers.
00:17:48.260 They want to have they want to be a safe served in Iraq.
00:17:50.260 Right.
00:17:53.260 He goes down.
00:17:55.260 And of course, people tell you in the fleet, the thing particularly for junior officers,
00:17:59.260 senior for noncommissioned officers and junior officers on board, it's the drug problem.
00:18:04.260 Right.
00:18:05.260 You got to be on top of the drug problem with the junior enlisted people. 0.99
00:18:08.260 It's imperative.
00:18:09.260 That's the thing that can take a ship in a very bad direction.
00:18:12.260 And most of the junior officers are birthing compartment officers.
00:18:15.260 I was the engineering birthing compartment officer as an ensign in a JG.
00:18:20.260 I might have gotten out of it by the time I was a JG.
00:18:22.260 But it's a thing ensigns and JGs do with the chief mastered arm and the chiefs in the various departments was engineering or the boats and mates gunnery, etc.
00:18:35.260 The different divisions.
00:18:36.260 Hunter Biden goes down and they catch him selling drugs or distributing drugs to enlisted people in his first like weekend there for a second weekend there.
00:18:44.260 And they like do a check, a random check on him.
00:18:46.260 He's got drugs all over him.
00:18:47.260 Coming on to I think it was Norfolk Naval Station.
00:18:50.260 N.O.B.
00:18:51.260 I think it was the operating base down in Norfolk.
00:18:53.260 That's a that's a quality guy you got.
00:18:55.260 And his father, of course, got him out of it.
00:18:57.260 They were going to court marshal him.
00:18:58.260 He was I think was in for 30 days.
00:18:59.260 You miss Abby Lowell.
00:19:00.260 You miss naval officer as a father.
00:19:03.260 And all you got to do is look at the we got the laptop, dude.
00:19:06.260 Just go check it out.
00:19:08.260 You got a beef on the laptop.
00:19:09.260 Talk to the guy you left behind.
00:19:11.260 I think he's pretty I think he's pretty covered by by Delaware law about it was abandoned property.
00:19:16.260 But that's for you guys to work out.
00:19:19.260 But it's all there right there in living color.
00:19:21.260 We haven't scratched the surface on what's in there to to the public folks.
00:19:26.260 You would vomit in your mouth if you saw bother.
00:19:29.260 He was it when you're looking at him.
00:19:31.260 You realize he was raised by a pack of feral dogs.
00:19:36.260 Let me repeat that he's raised by a pack of feral dogs.
00:19:40.260 So if you want to sit there and pitch because they're saying, oh, if you go to the recovery thing and you pitch this and Joe Biden's his love of his son.
00:19:48.260 He lost one son.
00:19:49.260 He don't want to lose another son to jail.
00:19:51.260 All this all this sob sisters act. 0.97
00:19:54.260 Hey, it's called the National Football League.
00:19:57.260 You guys are illegitimate.
00:19:59.260 You stole the election.
00:20:00.260 I know you stole the election because Rasmussen just came out of the poll yesterday.
00:20:03.260 Twenty percent of the American voters, 20 percent of the American voters admitted in the poll that they illegally used mail in ballots.
00:20:13.260 Twenty percent.
00:20:14.260 That would be two zero.
00:20:15.260 I think it actually numbers 19 point something.
00:20:17.260 I'm rounding up for this one.
00:20:19.260 Basically, 20 percent, as we've said.
00:20:22.260 And Mike Lindell doesn't go in a minute.
00:20:24.260 He's a machine guy.
00:20:25.260 It still makes my it's still too complicated for me.
00:20:28.260 I'm just a mail in ballot guy have been from the first one.
00:20:30.260 I see how they stole in Pennsylvania.
00:20:32.260 See how they stole in Michigan.
00:20:33.260 Twenty percent for the illegitimate regime, the illegitimate regime. 0.62
00:20:39.260 And we got this clown.
00:20:40.260 No, no, no.
00:20:41.260 Let me be blunt.
00:20:42.260 The reason I look, they called me up, Rudy and Costello called me up because of my deep experience understanding the Chinese Communist Party.
00:20:51.260 Since I was the lead attack dog, remember, in Joshua Rogan's book, chaos under heaven, they said, hey, they had the hardliners and they had the accommodations, had all these different groups.
00:21:02.260 They've always had in every White House.
00:21:03.260 But they had a new group there called the Super Hawks.
00:21:05.260 It was Bannon and Navarro and Miller and others that questioned the legitimacy of the Chinese Communist Party to even rule over the Chinese people.
00:21:14.260 And their focus is to take down the CCP.
00:21:16.260 So I brought up there and it took me, I don't know, 15 or 20 minutes.
00:21:21.260 These docs were legit.
00:21:22.260 They took money from the Chinese Communist Party.
00:21:24.260 It was a it was a it was an influence as a way to have elite capture.
00:21:28.260 The CCP does this all the time.
00:21:30.260 This is nothing new.
00:21:32.260 It's just the greasy way that Biden did it.
00:21:35.260 And actually, if you go through it and read this stuff, I actually think he becomes a relatively as messed up as he is, as screwed up as he is, as bad a guy as he is.
00:21:45.260 He's a tragic figure in the classic Greek sense.
00:21:48.260 His father and his brother, the brains of the operation, by the way, is Joe Biden's brother, James.
00:21:54.260 That's the super bad guy because he's put Hunter Biden.
00:21:58.260 He's not a business guy.
00:21:59.260 He's too dumb to be a business guy.
00:22:01.260 I have degrees from Georgia.
00:22:03.260 Does that make Georgetown feel good?
00:22:05.260 I thought they had a hard enough time Boris graduating from there and Steve Bannon graduated from there.
00:22:09.260 He forgot Hunter.
00:22:11.260 I have an advanced degree from Georgetown and Yale Law School.
00:22:14.260 Does that make do you think for a second that that Hunter Biden got into Yale Law School on the merits of Hunter Biden?
00:22:23.260 You see how the elite work?
00:22:25.260 Do you think he could have gotten in Georgetown or much less gotten out on just being Joe Smith?
00:22:31.260 Could he got into Yale Law School?
00:22:33.260 This is a joke.
00:22:35.260 It's a sick joke, but it's come back to haunt him because in his irresponsibility and his depravity, he sold out the country for money.
00:22:44.260 First of all, in Ukraine and rooting those guys in John Solomon, they've done they've done that chapter and verse and they've got it.
00:22:48.260 And that that rolls all the way through the impeachment.
00:22:51.260 I mean, it's so dark.
00:22:53.260 This is why he says Zelensky, why do you think Zelensky sitting in the office?
00:22:56.260 Do you think Zelensky sitting in the office?
00:22:58.260 Dude, yesterday with a war that's lost, everybody knows it's lost.
00:23:02.260 Every paper in Europe's even saying it's lost.
00:23:04.260 The military leaders of Ukraine saying lost.
00:23:06.260 He's over with the tin cup and he gets a meeting with the president in front of the crackling fire.
00:23:10.260 I'm feeling all Christmassy.
00:23:12.260 I feel like maybe I maybe I toss a dime.
00:23:15.260 Maybe I toss a 25 cent piece in this tin cup.
00:23:18.260 They're allowed him to come over here and forced him to go see the military and get him up on Capitol Hill and still trying to trying to shame the Republicans.
00:23:25.260 There's Republicans sitting there going.
00:23:27.260 It's not about the border.
00:23:28.260 It's about there's no plan.
00:23:30.260 There's the Washington Times headline.
00:23:32.260 They don't even like they don't have enough interest in you that are writing the checks to even lay out a plan to tell me the plan.
00:23:39.260 Since I guess taking back Crimea in the Donbass didn't work this summer.
00:23:43.260 The spring offensive that kicked off, I don't know, in June and was done, I don't know, a couple of weeks later.
00:23:50.260 No, you don't have enough respect.
00:23:53.260 How's Zelensky get there?
00:23:54.260 That goes back to Ukraine.
00:23:55.260 I'm not even on the Ukraine stuff.
00:23:57.260 You got Solomon and Rudy and guys and give you Ukraine chapter and verse and show you how Trump tried to had the perfect phone call.
00:24:06.260 Hey, look, I'd like to talk about some of the corruption issues over there.
00:24:09.260 You don't think the corruption is just reach time magazines.
00:24:12.260 I think Simon Schuster, who wrote the definitive piece on Zelensky, the cover story a couple of weeks ago.
00:24:18.260 He's interviewing guys in his government saying the corruption is out of control.
00:24:22.260 It's out of control.
00:24:24.260 They're saying out of control.
00:24:27.260 I'm just talking about the CCP part, the part I do know and as a professional do know and do understand.
00:24:32.260 He took it.
00:24:33.260 He says Chinese, a relationship with a Chinese businessman.
00:24:37.260 A guy was in federal prison for being a spy that they second that they transferred back to China, a spy, Patrick Ho, that you said was a spy to the New York Times or in that conversation that's recorded about you addressing the New York Times is closing in on you about you were dealing with the number one spy, Patrick Ho.
00:24:56.260 Oh, by the way, his boss, the chairman who was on the Lincoln Center board and was fed it around New York by the Asia Society and all this.
00:25:04.260 The top guy he's missing.
00:25:06.260 He's been disappeared in a Chinese prison somewhere because they don't want him popping up for this.
00:25:11.260 You're guilty of all the depravity.
00:25:17.260 It's all there to see all the perversion.
00:25:19.260 I used to say on the laptop from hell, you go for the porn, but you stay for the selling out of the country, right?
00:25:28.260 You'll eventually stay around and say, hey, what's what else is going on here?
00:25:31.260 Oh, they're taking money from the CCP.
00:25:33.260 I'm so shocked.
00:25:34.260 Oh, like they didn't know Hunter.
00:25:36.260 They weren't rolling in hookers all the time. 0.99
00:25:39.260 Every time he went to China, there's none of that.
00:25:41.260 No way they could blackmail him.
00:25:42.260 They're impossible.
00:25:43.260 No way they got him in drugs.
00:25:44.260 Impossible.
00:25:45.260 Dude, you're a walkie.
00:25:48.260 You're a hostage to the CCP.
00:25:50.260 You're the one to jeopardize your father.
00:25:51.260 And here's why he's a tragic figure.
00:25:53.260 His father's cool with it.
00:25:55.260 If they were a loving family, who would continue to put this guy on Air Force Two?
00:25:59.260 Who would roll him out in all the pressure these situations have?
00:26:02.260 Who would roll him out to go fetch?
00:26:04.260 Because he's the he's the client guy.
00:26:06.260 He's drinking what the client's drinking or he's snorting what the client's snorting.
00:26:10.260 He's out there as the new business guy.
00:26:12.260 The brains of the operation is is the brother is James.
00:26:16.260 Joe Biden's brother, James.
00:26:18.260 Joe Biden is just the asset.
00:26:19.260 He's the monotonic.
00:26:20.260 He's them because he's dumb as a stick, too.
00:26:22.260 They got him talking to his business partner sometime.
00:26:25.260 He barely he's dumb as a tick.
00:26:27.260 He was everything you would think.
00:26:29.260 A guy last in his law school at Delaware University of Delaware dead last who Rudy and Trump know heckling all the time by how dumb he is who spent 40 years in the Senate where you can just ossify.
00:26:40.260 You know, they got to roll those guys over because they're growing moss on their north side.
00:26:46.260 So he's in the Senate for 40 years where you'd never that's not an intellectually, you know, that's not an intellectually cutting edge group.
00:26:54.260 If you've noticed with a guy like Mitch McConnell, a big brain in that one and Schumer.
00:27:00.260 Those are two enormous intellects.
00:27:03.260 That's what Joe Biden's from.
00:27:04.260 So he's he's the monetizable asset because it's access.
00:27:08.260 They're buying access and control.
00:27:10.260 This is what you call elite capture.
00:27:13.260 How do they capture them?
00:27:14.260 They capture them either through sex.
00:27:16.260 They capture them through stuff.
00:27:18.260 They find out about them online or they capture them through money.
00:27:21.260 And in this way, they had all three of them, but they had the hard cash and they were going to make tens of millions of dollars.
00:27:26.260 And Abby Lowell, who in the White House? 0.99
00:27:28.260 Hey, Joe Biden.
00:27:29.260 He set a set dad up today to just be hammered when he's talking to the press.
00:27:34.260 And Hunter Biden goes to the big guy talking.
00:27:36.260 Hey, I'm here.
00:27:37.260 I am here.
00:27:38.260 I am here.
00:27:39.260 I am here to answer all your questions.
00:27:41.260 I'm here.
00:27:42.260 And then like he's done every time else in his life as the little boy man child, he runs away.
00:27:49.260 He runs away.
00:27:50.260 He runs away from the microphone.
00:27:52.260 It doesn't take one question from a media that's there to support this bizarre narrative that it's just a family.
00:27:59.260 That's, you know, the loving, the loving flow of the family's love is just flowing through.
00:28:05.260 I see it coming through the screen.
00:28:06.260 It's embracing me now.
00:28:07.260 Like that clown at CNN that said Joe Biden, Joe Biden's arms hugging the nation.
00:28:12.260 Remember that first?
00:28:13.260 Remember that?
00:28:14.260 Remember that beauty?
00:28:15.260 OK, we may get back on track here, but God, I might do this all day.
00:28:20.260 OK, short break.
00:28:21.260 Back in a moment.
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00:29:58.260 Here's your host, Stephen K. Bannon.
00:30:02.260 Yeah.
00:30:03.260 Remember, the engine room here reminds me that 50 intelligence officers signed something for the New York, the Brave New York Post.
00:30:12.260 Emma Jo Morris, right?
00:30:14.260 Miranda Devine are the ones that had enough guts to put this thing up. 1.00
00:30:17.260 We were turned down by a couple, right?
00:30:20.260 Daily Mail being one, Daily Mail.
00:30:24.260 They verified it and put it out, stuck by it, didn't back off.
00:30:28.260 It's totally, everything in the laptop's legit.
00:30:30.260 You're going to have to answer all those questions.
00:30:32.260 You can't pretend, oh, well, it's my private property.
00:30:34.260 Well, I'm not so sure that works in criminal charges.
00:30:37.260 And I think you're deep into additional criminal charges.
00:30:42.260 We'll get to all of that.
00:30:44.260 Congressman Josh Burkine joins us.
00:30:47.260 Congressman, here's a question.
00:30:49.260 Tell us what, and we saw the Ukraine situation.
00:30:52.260 Hopefully, there's going to be no money there.
00:30:54.260 And the number, by the way, folks, is 202-225-3121.
00:30:59.260 Our audience has a question, and they're, like, livid about this.
00:31:02.260 Why are you guys leaving on Friday and not coming back to January 9th?
00:31:07.260 I think that there's a resignation to the fact that finishing the 12 appropriation bills,
00:31:14.260 there's a lot of belief we can't get there.
00:31:16.260 I'm for finishing them, but, Steve, I want the most cuts.
00:31:21.260 And that's what I ran under because we are a nation that's headed towards bankruptcy.
00:31:26.260 And it's got to be something that's substantial.
00:31:30.260 The ability for this Congress to start taking an entire discretionary budget that is borrowed money,
00:31:37.260 that's where we're at, the entire discretionary budget, $1.7 trillion.
00:31:41.260 And that's the size of our deficit last year.
00:31:44.260 It's 100% borrowed money.
00:31:46.260 And if we're ever going to get serious about solving our financial woes, yes,
00:31:51.260 we've got to do something about the mandatory side.
00:31:53.260 But if you can't walk, you'll never crawl.
00:31:55.260 And so many of us are just asking this conference, the Republican conference, can we start cutting?
00:32:02.260 So in terms of the mechanism, many of us, it's not the mechanism.
00:32:07.260 It's what do we actually get done?
00:32:09.260 And I just want to see the most cuts.
00:32:14.260 What is it about the conference?
00:32:15.260 You're part of the Freedom Caucus, and we had Bob Good on last night.
00:32:19.260 He really went through the numbers.
00:32:21.260 What is it that the rest of the conference doesn't understand about the financial crisis the country's in?
00:32:27.260 I don't know.
00:32:28.260 I don't know if it's Stockholm Syndrome or what.
00:32:31.260 It just makes people not see the reality of where we're at.
00:32:34.260 You have a $6.5 trillion worth of outlays, and our revenue is $4 trillion, $4 trillion plus.
00:32:42.260 You separate mandatory from discretionary in the budget.
00:32:47.260 Mandatory means that all we can do is adjust the eligibility criteria, right?
00:32:51.260 In 1970, two-thirds of your budget was discretionary, where Congress actually got to control the numbers.
00:32:57.260 Now it's been integrated to only one-third.
00:33:00.260 So of the discretionary budget for all this argument that your audience is well aware of,
00:33:05.260 these 12 appropriation bills that are often talked about, that's only $1.7 trillion.
00:33:09.260 That's the size of our deficit, which is why I said a while ago that's 100% of everything we're arguing over is borrowed money.
00:33:16.260 The mandatory side, which is Medicare, Social Security, Medicaid, veteran benefits, other elements, but that's the bulk of it.
00:33:24.260 Most of that's supported by the payroll tax with supplemental payments from the general purse.
00:33:30.260 And so what's astounding to me is that if you really understand it, we're living on 100% borrowed money on what we're appropriating, not just adjusting the eligibility requirements on.
00:33:42.260 How in the world can we justify not starting to not just go after waste, fraud, and abuse, which politicians are famous for talking about?
00:33:49.260 We've got to start amputating.
00:33:51.260 And if it's not in Article I, Section 8, if it's not among the 18 enumerated powers, as Madison warned us in the codfish debate in 1792 that we have to be chained down to those specified powers, he warned us.
00:34:03.260 You start going down the pathway of this general welfare, then it's open for anything.
00:34:08.260 Well, that's where we're at.
00:34:10.260 And so we've taken away authority from the individuals, from the states, we've taken it to Congress, and we're going towards bankruptcy because we don't understand limited government.
00:34:18.260 And to avoid a bankruptcy or to avoid a default, which we're defaulting, I mean, you've had a 17% to 19% drop in purchasing power.
00:34:28.260 James Grant at the Grant Interest Rate Observer, which is the best one out there, talks about that today.
00:34:35.260 E.J. and Tony's going to join us in a little while to talk about that.
00:34:38.260 You've got to do – you can't – like McCarthy's gone.
00:34:42.260 His handshake deal is a non-event.
00:34:44.260 He's gone.
00:34:45.260 Is Johnson – is Speaker Johnson, who we support, we love the biblical worldview and a Christian, is he smart enough or tough enough? 1.00
00:34:52.260 Because he's been amazingly disappointing the last couple of weeks on the sense of urgency.
00:34:58.260 Does he understand the urgency of the moment?
00:35:00.260 Look, Steve, it's in his core.
00:35:02.260 It's in his core.
00:35:03.260 You can't work with ADF and all the groups he's worked with and know the Constitution.
00:35:09.260 And what I just talked about, Article I, Section 8, it's in his core.
00:35:13.260 But I think many of us who respect him, admire him, are wanting him to press more into that constitutional element.
00:35:22.260 And you're the average of the five people you hang out with the most.
00:35:25.260 I think when you're getting constantly in your ear people that ascribe to the more Mitch McConnell version and then you walk out of there, you've got to have enough people around you consistently talking about the power of the moment.
00:35:42.260 And so, look, Mike is a true conservative, and there are many of us that have great hope that he's going to do the right things.
00:35:51.260 And so I'm not going to throw him under the bus because I know it's in him to do the right thing, and he's got to have more counsel around him moving that way.
00:35:58.260 Look, he's got to have this conference.
00:36:00.260 I mean, he's trying to manage a conference that when we put – you know, when I put measures on the floor, I'm only getting 80 to 125 votes just to go back to fiscal year 19.
00:36:11.260 And why fiscal year 19?
00:36:13.260 Because we've grown the discretionary budget 30 percent since then, non-defense, discretionary budget.
00:36:18.260 We've grown it 30 percent.
00:36:21.260 And you can't get colleagues out of the Republican conference more than sometimes 80, sometimes up to 125 to support going back to fiscal year 19.
00:36:29.260 And he's got to herd those individuals, a lot of the appropriators, a lot of those that have been up here a number of years.
00:36:36.260 And it's a paradigm shift.
00:36:39.260 It's like putting on a new pair of glasses.
00:36:41.260 And that's why Mike was putting that position.
00:36:43.260 Speaker Johnson was putting that position.
00:36:45.260 He is that new paradigm.
00:36:46.260 And I'm looking for this conference to start seeing through those new set of glasses.
00:36:51.260 Well, I've got to tell you, I think people – when you're back for Christmas, I think people may have an opinion about why you guys are being back and not coming back to the ninth.
00:37:00.260 You come back to the ninth, the 19th is the first CR.
00:37:03.260 This is going to be a total debacle.
00:37:05.260 This is going to be a total debacle.
00:37:06.260 So you can either get ahead of it or you get run over it.
00:37:09.260 Nobody's trying to throw Speaker Johnson under the bus.
00:37:11.260 We all love and support Speaker Johnson.
00:37:14.260 He's throwing himself under the bus because you've got to act with a sense of urgency and you've got to meet the moment.
00:37:21.260 Congressman, how do people – your fight is in the Freedom Caucus we had good on last night.
00:37:26.260 It's very noble.
00:37:27.260 How do people find out more about it?
00:37:28.260 Yeah.
00:37:29.260 Where do they go to your site?
00:37:30.260 Where do they go to your social media?
00:37:31.260 Yeah.
00:37:32.260 Burkine.house.gov or Congressman Josh Burkine on Facebook, Twitter.
00:37:39.260 Steve, I want to add this really quickly on Ukraine.
00:37:42.260 You know, one of the things that we're forgetting is Washington's 1796 farewell address where he talked about that we can advocate more liberty by commerce than we can by force.
00:37:53.260 And I think what's happened is we've forgotten that economic security is our national security.
00:37:57.260 And the strength by peace that was, you know, under the Reagan administration was when we had a $1 trillion gross national debt.
00:38:03.260 We're at $34 trillion to your point.
00:38:05.260 And so we have got to get our fiscal house in order.
00:38:08.260 To all those that are advocating more spending overseas, the question is what are you willing to sacrifice?
00:38:13.260 In World War II, they understood that.
00:38:16.260 We're at the same debt-to-GDP ratio we had after coming off of World War II.
00:38:20.260 And yet this generation, there's no true willingness to sacrifice.
00:38:24.260 Other people's money is easiest to spend.
00:38:27.260 So it's easy to put our kids on this bar tab and say they'll pay it off.
00:38:30.260 So the question to the Democrats, are you willing to give up your green energy tax credits?
00:38:34.260 Are you willing to, you know, get rid of that thing that's actually going to just take away our growth potential by destroying the fossil fuel industry?
00:38:40.260 Are you willing to cut some of that to pay for all these asks?
00:38:44.260 And what about our border?
00:38:46.260 Those are questions that every American in reasoning needs to be asking.
00:38:50.260 You really don't support it.
00:38:52.260 But it's not a debate.
00:38:56.260 My point is they're going to say no to all that.
00:38:58.260 Of course they're not.
00:38:59.260 Because they're for climate change and they want more illegal alien invaders here. 1.00
00:39:03.260 This is not a debating society.
00:39:05.260 This is power politics.
00:39:07.260 These guys sit there and go, we're not going to go home.
00:39:08.260 We're going to defund all this.
00:39:10.260 My point is you guys are all well-intentioned.
00:39:14.260 But there's a fight coming that's going to be the ugliest fight in the House since before the Civil War.
00:39:19.260 And it's going to be about the two issues of this.
00:39:22.260 We just added a trillion dollars in 90 days.
00:39:24.260 It's going to be about what must be done about this spending.
00:39:28.260 It drives that and the 9 million illegal aliens that are here.
00:39:32.260 It's going to, that's going to rip the country apart.
00:39:35.260 We might as well start getting into it right now.
00:39:37.260 That's why you just, walking away from it is not going to do it.
00:39:39.260 Anyway, we totally agree with you.
00:39:41.260 You're one of the good guys.
00:39:42.260 We have your back.
00:39:44.260 We're trying to sit down and lock down like a donkey's being pulled on by lead rope saying, you know, we're not willing to go any further.
00:39:51.260 And so the country's got to be with us.
00:39:53.260 The country's got to be, you know, people appear a reflection of people back home.
00:39:56.260 Do you really want your government to cut?
00:39:58.260 I mean, that's the question the American people have got to start answering or they keep electing people who just tell them what they want to hear and more free candy giveaways.
00:40:05.260 I think, I think, I think, I think if you go back and talk to your sister and they say there's got to be cuts.
00:40:09.260 Now, once the cuts come, you're going to have a lot of belly aching, but that's what leadership is.
00:40:13.260 It's going to be tough.
00:40:15.260 Anyway, Merry Christmas, Congressman.
00:40:17.260 Thank you.
00:40:18.260 Love you guys.
00:40:19.260 Make sure everybody in Oklahoma gets a, has a Merry Christmas and look forward to seeing you in the new year.
00:40:29.260 We're going to have EJ on for a minute.
00:40:31.260 We got another more bad news on the underlying financial situation here.
00:40:35.260 I got Mike Lindell, Mike Lindell.
00:40:37.260 One thing we know we're doing is, is if we're not quite saving the Republic financially yet, although I think we're trying to get down the road here by saying no more spending.
00:40:47.260 The Congressman is absolutely correct.
00:40:49.260 I think we got this Ukraine thing, unless they're going to pull some magic here, which they're trying to do. 0.92
00:40:55.260 I'm trying to thwart that two zero two, two, two, one, three, one, two, one.
00:40:59.260 No on the NDAA.
00:41:00.260 No on any money for Ukraine.
00:41:02.260 The answer is no.
00:41:03.260 Mike Lindell.
00:41:04.260 For you, the answer is always yes.
00:41:06.260 Tell, tell me what we've got going on at my pillow.
00:41:08.260 Well, we got great things going on.
00:41:11.260 And by the way, everybody, because of the war room posse, I'm able to leave.
00:41:15.260 I'm back in the game.
00:41:16.260 I'm running around the country now to get our elections secure.
00:41:19.260 And I'm first stop is Texas and I'm heading to Arizona and California.
00:41:24.260 But you guys made it all possible.
00:41:27.260 My pillow.
00:41:28.260 We they're in really good shape right now.
00:41:31.260 All the employees are busy.
00:41:32.260 The floor is busy.
00:41:33.260 And what we're going to do, I know yesterday we're going to do this exclusively for the war room posse.
00:41:39.260 We yesterday was the last day of free shipping to get there by Christmas.
00:41:43.260 We've added Steve.
00:41:45.260 We've got we still have the free shipping, but it's not guaranteed by Christmas.
00:41:49.260 But we added another upgrade that you guys can all do where you're guaranteed all your whole order by Christmas.
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00:42:18.260 This was this with these flannel sheets are the best flannel sheets you'll ever sleep on.
00:42:22.260 They make the best Christmas gifts ever.
00:42:25.260 Then we announced the my pillow towels.
00:42:27.260 Remember, we had the my pillow towels.
00:42:29.260 Twenty nine ninety eight for a for a set of towels.
00:42:32.260 A six pack set.
00:42:33.260 But we had that.
00:42:34.260 We launched the kitchen towels here a week ago.
00:42:36.260 All this stuff is still on sale.
00:42:38.260 Go to the website and you'll see that we have all these products we put.
00:42:43.260 We are keeping on sale.
00:42:44.260 There's that free shipping.
00:42:46.260 Remember, you've got to get the upgrade, though, to get it for the guaranteed Christmas delivery.
00:42:50.260 And I get take that upgrade.
00:42:52.260 And that's a discounted upgrade, too, by the way.
00:42:55.260 And it's exclusive for the war room posse.
00:42:57.260 So there we have the sheets.
00:42:59.260 We have the six pack towel sets.
00:43:01.260 You guys get yourself the down confidence.
00:43:05.260 We announced two days ago.
00:43:07.260 We're going to keep those on sale to 60 percent off.
00:43:10.260 They're the best.
00:43:11.260 These products I use well myself.
00:43:13.260 They're the best products in history.
00:43:15.260 My employees want to do a special thank you, Steve, because they all got their bonus checks.
00:43:20.260 So many of them were crying.
00:43:21.260 They didn't think they were going to get them this year.
00:43:23.260 And crying tears of joy.
00:43:24.260 It was amazing, everybody.
00:43:26.260 Thank you all.
00:43:27.260 War room posse. 0.99
00:43:28.260 This.
00:43:29.260 We want everybody there to have a Merry Christmas.
00:43:30.260 We know you're still humping all the way through next week.
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00:43:40.260 Mike, thank you so much.
00:43:41.260 We'll see you this afternoon.
00:43:42.260 You keep grinding, brother.
00:43:43.260 Yeah.
00:43:44.260 Thank you.
00:43:46.260 See, Mike Lindell had a drug problem, too, but he turned his life over to Christ.
00:43:51.260 He's successful in saving this country, not a scumbag pervert like Hunter Biden.
00:43:56.260 Short break.
00:43:58.260 There's a lot to be nervous about out there.
00:44:00.260 Open social media or turn on the news and all you see is crime and societal decay.
00:44:06.260 A lot of people just run out and buy a gun and then it sits in a safe.
00:44:10.260 There's ever an emergency.
00:44:11.260 They're not going to be prepared and run the risk of hurting themselves or others.
00:44:17.260 There's no way around it.
00:44:18.260 You need to train and you need to train often.
00:44:22.260 Unfortunately, it's time consuming to go to the range.
00:44:25.260 Assuming there's even one nearby and ammo prices are through the roof.
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00:44:35.260 Simply download the I target pro app.
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00:45:18.260 Action, action, action.
00:45:20.260 Here's your host, Stephen K.
00:45:23.260 Bannon.
00:45:25.260 OK, go to birch gold dot com promo code Bannon to get the free four part series.
00:45:31.260 The end of the dollar empire.
00:45:32.260 You need to know what the importance of the prime reserve currency is in your not just your countries, but your own personal life.
00:45:39.260 Also, when you're there, talk to Philip Patrick and the team.
00:45:41.260 Why the central banks of the BRICS nations in 2022 and now in 2023 record rates for setting gold.
00:45:48.260 You'll understand all we let the macro here, the geopolitics, the financial, the economic, the demographics that is driving the price of gold.
00:45:57.260 But you can get the specific details from Philip Patrick and the team.
00:46:00.260 Go do it today.
00:46:01.260 Once you do that, as I say, what we do here to get jacked up in the morning, Warpath Coffee, Warpath dot coffee slash war room to get your discounts.
00:46:09.260 Get a big pot of particularly my favorite.
00:46:12.260 The Mariners blend dark roast.
00:46:14.260 If you've never had a dark roast and think it's too acidic, try this.
00:46:18.260 Tej Gill and the team of Navy SEALs that run Warpath.
00:46:22.260 We've worked on this coffee, I think, for 18 months, almost two years to take the acidic taste out and make, I believe, the perfect dark roast because I'm a dark roast fan.
00:46:32.260 But they all got the miles and all that.
00:46:34.260 Get a big pot.
00:46:35.260 Listen to Philip Patrick and the team.
00:46:36.260 Read End of the Dollar Empire.
00:46:38.260 Cut the TV off.
00:46:39.260 Cut the streaming off.
00:46:40.260 Cut your phones off.
00:46:41.260 Go sit in a corner and think.
00:46:43.260 What you need to do today is think.
00:46:45.260 Cogitate.
00:46:46.260 Think this through.
00:46:48.260 EJ and Tony, people should know we do a lot of stuff here in the bond market because it drives so much of your financial life out there in the audience.
00:46:57.260 The Grant Interest Rate Observer is one of the Bibles. 0.97
00:47:03.260 I would call it the New Testament of people that are in the bond market that have to buy bonds or issue bonds, but particularly buy bonds and trade bonds.
00:47:11.260 James Grant is a legendary figure.
00:47:14.260 He gave an interview.
00:47:15.260 I think it was on Fox Business the other day.
00:47:17.260 I think it was Tuesday.
00:47:18.260 Business Insider, if we can put up the article, Business Insider did a great summary of his piece, his thinking.
00:47:25.260 And here's what's so amazing.
00:47:27.260 It's essentially what EJ and Tony over at Heritage and Steve Moore's group talked to us in the war room, I don't know, a month and a half or two months ago.
00:47:37.260 In summary is that these these inflation is going to stay here for a while.
00:47:42.260 And one of the reasons is that they've crushed the purchasing power of the dollar up to, I don't know, 19 or 20 percent.
00:47:48.260 Plus in the refinancing in the short term, which is, by the way, ladies, it's a very sophisticated way for Yellen to get cash into the system.
00:47:55.260 Because they're rolling this 34 now, 34 trillion dollars of debt, a third of it, instead of going long in 10s and 30s, which are having a tough time selling.
00:48:05.260 They just keep selling the notes and the bills, which they can always sell, but at higher interest rates and therefore is going to be higher interest charges.
00:48:13.260 EJ, James Grant gave you essentially a shout out, did he not, sir?
00:48:18.260 Well, I don't know if I'd go quite that far, but but you're absolutely right that that he has essentially confirmed what what, as you pointed out, we said here on your show about two months ago, which is that so long as the Treasury is continuing with these multi trillion dollar deficits and putting that kind of demand on the loanable funds market, you can't have interest rates come down.
00:48:41.260 If you do, you're going to be right back on the inflation bandwagon.
00:48:45.260 And so all of these people who are anticipating that the Fed is is somehow going to magically pivot, as they call it, to lower interest rates in the first quarter of 2024.
00:48:55.260 I think they're going to be very, very sadly surprised when the day comes and Powell decides to keep rates where they are.
00:49:03.260 He simply can't bring them down so long as this insane level of borrowing by the Treasury continues.
00:49:10.260 You see, I believe we might diverge here and I'm thinking through over the holidays, but I believe so.
00:49:19.260 So the institutions and we're going to have Tucker on in a minute.
00:49:22.260 He's got this great take on on American institutions now controlled by sad and weak people and therefore the institutions need a rejuvenation.
00:49:30.260 I think institutionally and particularly both Wall Street, but more importantly, the central bank and the way the Fed structure hate Trump so much and fear the MAGA revolution so much of things like, hey, we got to we got to look at the executive order.
00:49:46.260 The emergency executive order Nixon signed about the gold standard that we a big part of us want to end the Fed that they will do anything.
00:49:54.260 I actually think that they may actually try to cut rates and try to juice it and let the devil catch the high most on inflation just to just to just to get some juice into the system.
00:50:03.260 But we'll determine that at the beginning of the year.
00:50:07.260 But the reality is, you see Grant saying this, what you've told people that this is why the credit card debt of one point two trillion, I don't know, 10 or 20 percent, not performing kids today.
00:50:17.260 This is by the polling that shows people between 25 and 35 are now coming to Trump because I keep telling you, hey, you're nothing but a Russian serf. 0.93
00:50:25.460 If you want to keep voting for those, live like that, vote for those policies.
00:50:29.120 There's a great awakening going on, not on not the spiritual side, but in the economic reality side, EJ.
00:50:35.880 And that's done. It's an awakening that's driven by your analysis to say, hey, at this level of debt, the refinancing of a third of it every year is going to keep interest rates high and basically break the middle class, sir.
00:50:51.440 Right. Steve, we actually just got more data from the Treasury yesterday, which confirmed that the interest costs on the debt are already running at an annualized rate of a trillion dollars a year.
00:51:03.380 We are spending more just to service the debt, not pay it down, but just the interest on the debt than any line item in the budget except for two, the Department of Health and Human Services and the Social Security Administration.
00:51:15.600 So we've already surpassed our military budget in terms of interest on the debt, and it's not going to be that much longer before it becomes the biggest item, period.
00:51:25.100 We also talked about the trailing 12 months. The trailing 12 months is 2.5 trillion. This week, we're going to pass 34 trillion. It's 90 days.
00:51:37.420 The law of large numbers is starting to metastasize. We're defaulting all the time because you're purchasing the dollars. Purchasing power is down 20%.
00:51:45.100 Any closing thoughts, EJ, and where do people go and get you? Your stuff's still the best. Up on Twitter, you're great. Where do people go? What are your closing thoughts?
00:51:52.720 Well, the best place to find me is going to be on Twitter. The handle there is at real EJ Antony.
00:51:58.900 But, Steve, I think you're absolutely right that this is really starting to break things.
00:52:03.380 This incredibly fast pace of interest rate hikes, which was necessitated by all the spending, has caused problems, whether we are looking at the mortgage market, whether you're looking at regional banks.
00:52:13.720 And all of these issues have not been solved yet. These crises are not behind us.
00:52:18.100 They may be papered over for a time, but things are not better.
00:52:22.720 EJ Antony, thank you. Honored to have you on here. Great call.
00:52:27.000 When James Grant is getting to what EJ Antony told this audience two months ago, and he's telling all the Wall Street big shots,
00:52:34.040 that means we're giving you inside baseball and we're giving it to you early.
00:52:37.800 Thank you, brother.
00:52:38.540 This shows up not just in your auto loan, your mortgage, the credit card, that 30% APR, particularly people under 35 years old.
00:52:50.040 You're on the hamster wheel.
00:52:51.860 You know, you've got to have the credit card to gap paychecks.
00:52:55.560 And when you get a bonus at the end of the year, it's just to pay down the credit card.
00:52:58.460 That's when you're on the wheel of samsara.
00:53:00.680 They got you.
00:53:01.880 You are a god.
00:53:03.120 You're captured.
00:53:04.420 And it's only going to get worse.
00:53:06.600 If you want to keep being a Russian serf, keep voting for the policies that make you a Russian serf. 0.92
00:53:11.860 Short commercial break.
00:53:13.060 Back in 90 seconds.
00:53:14.260 Tucker Carlson is going to join us.
00:53:15.540 For war room veterans, you know we have been all over this supply chain issue with China and medications and the active pharmaceutical ingredients.
00:53:31.280 China has a stranglehold on us where there's a way to break that. 0.82
00:53:35.800 Jace Medical.
00:53:36.660 I got an emergency medication kit from them.
00:53:39.160 The FDA just declared a global shortage of medication and warned that critical antibiotics are in extreme short supply across the United States.
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