Bannon's War Room


Episode 3246: The Unmasking Of The Nation


Episode Stats

Misogynist Sentences

9

Hate Speech Sentences

8


Summary

Former Vice President Joe Biden testifies before a House committee investigating the Trump administration and his son, Donald Trump Jr., in a hearing that was supposed to be a private session. Instead, it was a public hearing, and Joe Biden was forced to testify in front of the committee.


Transcript

00:00:00.000 I'm also here today to correct how the MAGA right has portrayed me for their
00:00:04.040 political purposes. I am first and foremost a son, a father, a brother, and a
00:00:14.160 husband from a loving and supportive family. I'm proud to have earned degrees
00:00:20.460 from Georgetown University and Yale Law School. I'm proud of my legal career and
00:00:26.400 business career. I'm proud of my time serving on a dozen different boards of
00:00:31.200 directors, and I'm proud of my efforts to forge global business relationships.
00:00:36.780 For six years MAGA Republicans, including members of the House committees who are in
00:00:42.660 a closed-door session right now, have impugned my character, invaded my
00:00:49.140 privacy, attacked my wife, my children, my family, and my friends. They've ridiculed
00:00:58.980 my struggle with addiction, they've belittled my recovery, and they have
00:01:04.560 tried to dehumanize me, all to embarrass and damage my father, who has devoted his
00:01:12.200 entire public life to service. For six years I have been the target of the
00:01:19.460 unrelenting Trump attack machine shouting, where's Hunter? Well here's my answer. I am
00:01:27.380 here. Let me state as clearly as I can, my father was not financially involved in my
00:01:34.960 business, not as a practicing lawyer, not as a board member of Burisma, not in my
00:01:41.320 partnership with a Chinese private businessman, not in my investments at home
00:01:45.980 nor abroad, and certainly not as an artist. Yet, here I am Mr. Chairman, taking up
00:01:54.100 your offer when you said, we can bring these people in for depositions or
00:01:58.900 committee hearings, whichever they choose. Well I've chosen, I am here to testify at a
00:02:06.820 public hearing today to answer any of the committee's legitimate questions.
00:02:13.480 Republicans do not want an open process where Americans can see their tactics, expose their
00:02:23.020 baseless inquiry, or hear what I have to say. What are they afraid of? I'm here, I'm ready,
00:02:35.480 I'm here, I'm here, I'm here, I'm here, I'm here, I'm here, I'm here.
00:02:40.140 Why not testify now, sir? Why not testify now? Why did you dare if your father was...
00:02:46.140 Hello? I must be going. I cannot stay, I came to say I must be going. I'm glad I came,
00:02:54.140 say I must be going. I'm glad I came to say you must stay, if you should go away.
00:03:00.800 Republicans do not want an open process where Americans can see their tactics, expose their
00:03:09.440 baseless inquiry, or hear what I have to say. What are they afraid of? I'm here, I'm ready.
00:03:21.140 Why not testify now, sir? Why not testify now? Why did you dare if your father was...
00:03:32.800 I was voting, and we are gaveling. There you have it. Just about. There you go. 221.
00:03:39.800 On this vote, the yeas are 221 and the nays are 212. The resolution is adopted.
00:04:05.300 With that objection, the motion to reconsider is laid on the table.
00:04:13.720 Pursuant to clause 8 of Rule 20, the unfinished business is the vote on the motion of the...
00:04:18.440 Yeah, listen, this is a matter that has been under investigation by federal prosecutors for
00:04:22.980 five to six years, and the only charges they have arrived at, which are serious ones, are
00:04:27.580 individual tax charges against the president's son and the purchase of a gun by the president's son.
00:04:32.800 If there had been evidence of public corruption that touched Joe Biden himself, certainly federal
00:04:37.740 prosecutors under the Trump administration would have seen that. I think the other embarrassment
00:04:42.500 here is largely they are talking about activity that happened when Joe Biden was not in office.
00:04:47.760 It certainly is not activity related to any of his three years in the presidency today,
00:04:51.960 and where it touches the vice presidency, there was no evidence as well.
00:04:55.980 And so Republicans have really put themselves in a bad spot. Will it matter politically? Look,
00:05:01.560 the base wants this. The Fox News viewer wants this. The Republican voters want this. Democrats
00:05:06.700 clearly don't. Among the 6% of the persuadable voters that will decide the election next November,
00:05:11.940 those that Paul often speaks to, what do they see in this moment? Do they see an embarrassment
00:05:16.680 that Republicans have brought upon the nation? Or do they buy the storyline? And that's where
00:05:22.000 Democrats have to decide how they're going to hit back. The Democrats do have to make a political
00:05:26.100 decision here, unfortunately, because Republicans have now launched this missile towards the White
00:05:30.320 House. At the end of the year, it's natural to look back on the progress that has been made
00:05:34.360 toward our dual mandate objectives. Inflation has eased from its highs, and this has come without a
00:05:41.220 significant increase in unemployment. That's very good news. But inflation is still too high.
00:05:47.680 Ongoing progress in bringing it down is not assured, and the path forward is uncertain.
00:05:54.120 As we look ahead to next year, I want to assure the American people that we're fully committed
00:05:59.000 to returning inflation to our 2% goal. I have always felt, since the beginning,
00:06:04.820 that there was a possibility, because of the unusual situation, that the economy could cool off
00:06:12.740 in a way that enabled inflation to come down without the kind of large job losses that have
00:06:19.500 often been associated with high inflation and tightening cycles. So far, that's what we're
00:06:24.580 seeing. That's what many forecasters on and off the committee are seeing. This result is not
00:06:29.300 guaranteed. It is far too early to declare victory.
00:06:32.940 You know, if you heard what Ali said before the vote, and you heard what Molly said during the
00:06:37.480 vote, there are no moderate Republicans. Like, we need to just stop with the nonsense. There are
00:06:44.260 no moderate Republicans in the U.S. House of Representatives. There are proud MAGA, and there
00:06:50.000 are scared MAGA. That's it. 221 of them. Every single member of the Republican House, whether they
00:06:58.760 were a proud MAGA or scared MAGA, just voted for a bogus, nonsensical impeachment motion to proceed
00:07:07.060 because they pay fealty to Donald Trump. And it is a shameful moment in American history. It is a
00:07:15.060 shameful moment for each one of these members. But it is an important moment that every American
00:07:19.880 watching right now should realize, that there is nothing other than an authoritarian MAGA movement
00:07:26.360 in the Republican Party. And come next November, those members of Congress, a large number of them
00:07:33.260 are going to lose their seats over this.
00:07:37.600 This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on
00:07:45.940 these people. I got a free shot, all these networks lying about the people. The people have had a
00:07:52.780 belly full of it. I know you don't like hearing that. I know you've tried to do everything in the
00:07:56.460 world to stop that, but you're not going to stop it. It's going to happen. And where do people like
00:08:00.060 that go to share the big line? MAGA media. I wish in my soul, I wish that any of these people
00:08:07.700 had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my
00:08:15.640 country, this country, this country will be saved. War Room. Here's your host, Stephen K. Bannon.
00:08:25.180 It's Thursday, 14 December, year of our Lord, 2023. You see how that was Mark Elias at the end,
00:08:31.480 the toughest and smartest of the bad guys, the one that stole the election in 2020 and out to steal
00:08:41.400 again in 2024. You see how scared to death they are of this impeachment, formal impeachment inquiry.
00:08:46.400 A lot going on. NDAA, Chip Roy's on the floor right now. They're going to vote on this abomination.
00:08:52.920 Speaker Johnson, unacceptable what you've done. You've waived the rules for the second time to get
00:08:58.040 this up. The majority, the majority in the House don't support this. It should never come to the
00:09:03.300 floor. All the woke and weaponized, everything we fought to get out to, they cannot pollute our
00:09:09.060 military. All of it is back in. Virtually all of it is back in. It is a terrible bill. It should
00:09:15.920 be defeated. 202-225-3121. Call you represent them. Let them know that they're on, you got the
00:09:22.340 hairy eyeball on them. This is unacceptable if they vote for this. And Speaker Johnson, you should be
00:09:26.860 nothing but ashamed of yourself spending yesterday afternoon with Paul Ryan. We have Chip Roy.
00:09:32.000 Let's let, let's go right to, we're going to go to the floor at Chip Roy. I got Cash Patel,
00:09:35.700 Dave Brat with me. Let's go to the floor at Chip Roy.
00:09:39.060 Nice. This is a 15-minute vote.
00:09:49.920 We just missed Chip. If we can poll that, what he said. Chip Roy was a huge throwdown on this.
00:09:56.640 Russ Votes is going to join us this afternoon. He threw down this morning on Twitter.
00:10:00.860 Totally unacceptable. We'll know in 15 minutes and we will know who. If Mark Elias says there's
00:10:06.920 no moderates, there's proud MAGA, which we hope we're the railhead of, and scared MAGA,
00:10:13.360 the scared, and they're not MAGA, but if they're scared MAGA, they're going to be a lot more scared
00:10:17.100 after today. These traitors voting for these votes and rolling over, and Speaker Johnson,
00:10:22.520 just unacceptable. You talk a big game about Christianity. You talk a big game about biblical
00:10:27.920 worldview. You talk a big game about Moses and the Red Sea and all that. It's all talk. Talk,
00:10:33.560 talk, talk, talk. Maybe the worst of it. The worst of it's a woke, but just as bad,
00:10:38.060 equally as bad, is FISA. Kash Patel joins us. Kash, this is an open, and here's the thing.
00:10:44.160 For everybody who says, you know, Mark Elias, Trump's authoritarian. MAGA's a group of fascists.
00:10:48.740 Trump wants to be a new Caesar dictator. Trump and MAGA are the people that are fighting to make
00:10:54.680 sure that we cannot surveil American citizens. Kash Patel, why is this bill an abomination?
00:10:59.820 Look, as the former chief of staff at DOD, of course, we should fund our defense department,
00:11:05.680 but what we should not do is jam in unconstitutional, unlawful surveillance authorities
00:11:11.380 for Americans. FISA has been abused by Chris Wray 274,000 times against America First Patriots. He got
00:11:19.460 caught, and they want a clean reauthorization, which means they want a clean approval to do it again for
00:11:25.020 another year. And because the members in Congress didn't do their homework, didn't put in the rules
00:11:29.960 and the fixes that Devin Nunes and I did five years ago from Russiagate and waited till the last
00:11:35.120 minute, they're trying to jam in this reauthorization into the NDAA, and it's unacceptable.
00:11:40.500 Rick Grinnell and I put a statement out that it is better for this thing to go dark for seven days so
00:11:45.460 Congress can work and implement the fixes needed so Americans don't suffer a rigged election because
00:11:51.080 of unlawful FISA authority abuses by Christopher Wray and Merrick Garland. It's simple. Mike Lee
00:11:56.100 and Rand Paul on the Senate side are leading the charge. We can still fund the Defense Department
00:12:01.220 and remove from the NDAA the 702 FISA bill. It must be pulled out. It is not enough of a fix.
00:12:10.140 It will allow Americans to be abused for another year in terms of illegal searches and seizures from a
00:12:17.040 secret court that they won't even find out about until after the next election is rigged.
00:12:22.620 Real quickly, how many, Ray abused this how many times over the last year?
00:12:27.480 274,000 times, 19,000 times against the congressional candidates' donors, 24,000 times against groups
00:12:35.200 affiliated to January 6th. FISA is for foreign intelligence. It's not to manhunt law-abiding
00:12:41.040 Americans that you politically disagree with. And 702 is their sword, and these guys are going to give it to
00:12:46.540 them. If they had the guts to pull it out and vote on that, it would be voted down. This is just like
00:12:53.820 the omnibus bill where they tucked in the changes to the Electoral Count Act of 1887. This is the
00:12:59.720 cartel in the swamp at work. Cash, what's your social media? Where do people follow you today on
00:13:04.260 this? At Cash, at KSH. Rick Grinnell and I, former Deputy Director of National Intelligence,
00:13:09.740 and the DNI put up statements. Mike Lee's got them. They're on Truth Social. I'm blasting away all day on
00:13:14.720 this. We can defeat this. House Republicans must stand up. Follow Senator Mike Lee and Rand Paul
00:13:19.920 over in the Senate. They can strip this out. 41 senators. That's all it takes to strip this out
00:13:24.480 of the NDAA. At Cash, on Truth Social. I'm going to be blasting all day. Thanks, Steve. I really
00:13:29.080 appreciate your fight on safeguarding Americans' constitutional liberties, especially when it
00:13:33.780 comes to the Fourth Amendment. Just remember this. Every time you hear them on MSNBC and CNN,
00:13:39.560 and every time you hear these politicians up saying Trump's a new Caesar, that we're a fascist
00:13:44.480 movement, that we're authoritarian. Remember, on FISA, we fought for all Americans, all American
00:13:50.760 civil liberties. This is outrageous. This is what a police state looks like. Cash, thank you so much.
00:13:56.360 You and Ambassador Grinnell have been at the tip of the spear on this. And of course, Rand Paul
00:13:59.900 and Mike Lee, people that believe in the Constitution and constitutional rights. Now, I take a harder
00:14:05.620 stance. Hey, the Pentagon's just going to deal with it. You can't pass this bill. If you pass
00:14:11.560 this bill, this is all the woke back in. This is what's destroying the military. You want to know
00:14:17.220 why they got a 25% air pocket on recruiting for the Army? It's because of this. All the fight that
00:14:24.840 we did all spring and all summer to pass a bill that was pretty good, not perfect, but pretty good,
00:14:31.320 that's all been taken out by gutless and, and, and the gutless Republicans under Mitch McConnell
00:14:37.340 and Steve Daines, this entire crowd. This is the Republican Senate. This is exactly what they stand
00:14:42.980 for. This is terrible. It's a terrible bill. 202-225-3121. We're going to be back much, much,
00:14:49.880 much, much more. We're only cracked the surface right now. Back in a moment.
00:14:59.900 I know this is hard to believe, but we're up against another government shutdown later this
00:15:04.340 month. And our wise leaders deal with it how they always do, with more spending. While lawmakers are
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00:16:23.400 Here's your host, Stephen K. Bannon.
00:16:25.780 Okay. Dave Brat joins me as my co-host. Alex Jones is going to be here later today at 11 o'clock. A lot to
00:16:39.440 talk about. A lot to catch up with. Peter Navarro is going to join us. Brat, historically, so they're
00:16:46.200 scared to death. Remember, when they're dismissive, they're scared to death of the impeachment inquiry.
00:16:51.520 Here's why. Now we have a place to adjudicate. Now we have a place to get this information out in a
00:16:56.980 formal setting. And it's damning. And they know it's damning. The reason their panic is not that
00:17:01.820 they don't want to get rid of Biden. They do. They don't have any mechanism to do that. And they're
00:17:09.000 obviously on a trial in the Senate, never going to remove him in a trial. So an impeachment will be
00:17:14.260 in the House, but it will die in the Senate. You will never get two thirds. They'll never allow that
00:17:18.500 to happen. That being said, and I hear from these guys all the time, they have no convening
00:17:24.860 authority. They have no apparatus to remove Biden. The DNC is so eviscerated by their design. Our RNC is
00:17:32.740 just a collapse on incompetence, total incompetence. And I think also malfeasance. When you look at what
00:17:39.100 they've done in these debates, the amount of money they've done. But you should understand as we set
00:17:44.680 the strategic framework for not just 2024, but beyond. It is quite clear what's happening on
00:17:53.160 the lawfare side. And I got to give a hat tip to Boris and to Mike Davis and anybody else bringing
00:17:59.160 in this new blood at the appellate level over the last 24 hours or 48 hours. The and you wouldn't
00:18:06.460 know that from watching MSNBC, the whole lawfare thing's kind of been blown out of the water a little
00:18:10.180 bit. It's going to be very tough to get any of these trials done, started before, um, before the
00:18:16.020 election, which is all it's election interference. We'll have more on that, more details, but just,
00:18:21.500 Hey, this, this, the March 4th thing's already off. She's put a, she's put a stay on it on any
00:18:27.380 program. Uh, the, the crazy judge in DC, which MSNBC, nobody wants to talk about, but that's reality.
00:18:34.140 This new team is really winning, uh, in these appeals and at higher levels and finally getting
00:18:39.900 some sanity there. The deep state, this FISA thing gives the ability to surveil people that's
00:18:46.520 being given by Republicans. Now, Chip Roy's got a, he's trying to get a resolution to go home and not
00:18:51.620 have to vote on this thing. We'll see how that goes, but the NDAA cannot be voted on today. This thing is
00:18:58.040 abomination. The other big element of this, it's the administrative state has taken, we've, we told
00:19:05.560 you one of the most important parts of this process is to unmask people, the unmasking, to see actually
00:19:12.600 who's a patriot and who's on our side and who believes in Liberty, who believes in this nation,
00:19:18.000 who believes in this, the citizens of this nation and who are globalist, who are part of the world
00:19:23.620 economic forum, who, um, put higher priorities and getting money to Ukraine for the money laundering
00:19:30.460 operation over there and to pay off its payoffs for Zelensky. Do you think, cause this is all
00:19:35.400 going to get into the Ukraine situation, the impeachment to understand that they need, they
00:19:39.980 need to buy Zelensky and his guys silence right now. That's where the, that's where they're fighting
00:19:44.300 so hard in this Ukraine thing. It's maniacal what they're doing. Most important day, Brad joins us,
00:19:50.060 uh, and I'm gonna have Novara 1030. Folks don't understand the pound, the, both the spend, the
00:19:55.520 spending situation, this massive Keynesian, uh, infusion with employment where it is, the nominal
00:20:03.920 growth where it is, all of that where it is, this massive and massive, like incomprehensible
00:20:10.300 massive with $200 billion or more deficits every month, passing 34 trillion in 90 days added a trillion.
00:20:20.060 The Fed yesterday said they're going to be hinted on three more cuts. This is, we finally unmask
00:20:25.620 the administrative state or the deep state part of the financials. You have three verticals in the
00:20:30.440 administrative or deep state. You have the national security and the law enforcement, one vertical.
00:20:36.260 You have the, uh, biopharmaceutical, the second vertical, right? Fouching all that crowd in the
00:20:42.660 big pharma, the others, the FBI, DOJ, uh, all the big tech associated with them. Of course,
00:20:48.340 big techs also buy a pharmaceutical. And the third is the financial it's treasury. And it's the great
00:20:55.400 villain, the federal reserve, the central bank. And they understand when I start talking about
00:21:00.940 Birch gold and said, Hey, the, uh, getting off the gold standard was just an executive order and it
00:21:05.680 can be done away with. And, and people pick that up in the media. They freak out there inside the
00:21:10.620 chambers over there. They're freaking out. When we talk about end the fed, they're freaking out
00:21:15.540 the federal reserve, the treasury department, and the games they're playing right now to juice,
00:21:21.000 to put massive liquidity in the system and destroy the U S dollar, destroy the U S dollar and set us
00:21:26.860 up for a catastrophic collapse. If Trump is to win is to stop Trump. There are two things already,
00:21:33.000 the stop Trump or make sure that Trump can't govern because the financial situation is too bad.
00:21:37.160 Dems are facts and we can back it up. Dave Brat, have you ever seen anything like this brother?
00:21:42.740 By the way, go to Birch gold right now and you got, you must now understand the end of the dollar
00:21:47.620 empire because it's happening right now on our watch on their watch, but we're watching it and we got
00:21:54.060 to combat it. Dave Brat, your thoughts. Okay. Do I not have Dave Brat? Has he? Okay, Dave,
00:22:04.600 you got to learn how to use technology. It's called mute. Let's just skip it. No, he, he's down.
00:22:11.560 Okay. Anyway, and let me continue on. Uh, Dave, you had your, you had your, you had your opportunity.
00:22:17.740 You miss your mark in the war room, baby. You miss it. Powell yesterday essentially said now he's going
00:22:26.060 to do an easing. There's three more cuts. He's going to do when no cuts are really going to be
00:22:30.460 justified. They're going to do everything in 2024 to stave off, to stave off a, uh, any possibility
00:22:39.860 of recession. They're going to flood the zone with cash. The European central bank came at the same
00:22:46.020 time. Was it larger, larger dare? She came at the same time, said the exact same thing in conjunction,
00:22:53.260 the two big central banks. The third part is what Janet Yellen is doing over at treasury.
00:23:00.800 There are pools of capital. This is the stock market running in the last couple of weeks. It's
00:23:05.260 totally funny. It's just an infusion of, of liquidity. She has emergency pools of capital
00:23:10.820 that they are using now to put into the system without having to do quantitative easing.
00:23:16.300 She also has on this, and it's quite complicated to understand, but this is whole reverse repo
00:23:22.620 market. They're infusing capital into the market that way. My point, the administrative state of
00:23:30.140 the financials have come out and said flat out that the Donald J. Trump populist nationalist movement
00:23:37.380 will never come back to power and we will use everything and every tool available. So now you
00:23:45.180 have the convergence of three forces. You have the, uh, the lawfare, the, uh, national security state,
00:23:53.040 the, um, the, uh, the, the same CIA guys, the 50 guys that signed the letter with justice, lawfare,
00:24:00.720 Jack Smith, the courts, all of it. That's one, including stripping Trump of his, uh, of his net worth in,
00:24:07.540 uh, in, uh, in Manhattan. That's one line of work for their defense of the apparatus.
00:24:16.980 The second line of work is ours, the biopharmaceutical. They understand now that the excess deaths in the
00:24:23.040 vaccine and particularly Biden and these guys forcing everyone to take the vaccine is a major
00:24:30.100 problem. You're going to see the biopharmaceutical and that whole aspect of it. And maybe even,
00:24:34.380 I don't know, ginning up something else to terrorize everybody to put a mask back on and let's have
00:24:40.580 mail-in ballots because the biggest story here is Rasmussen Rasmussen shows what I've said from the
00:24:46.600 beginning. It's the mail-in ballot, stupid 20% of the American people when asked the question have
00:24:53.300 said and admitted 20% have admitted that they fraudulently filled out mail-in ballots.
00:24:59.000 And a, trust me, two thirds of 90% of that are, are Democrats.
00:25:07.680 Brett, what's your problem with the, I'm on a roll now, bro. You lost your, you, you miss your mark
00:25:11.800 here, brother. You know, this ain't Liberty where you guys all said, no, no, you're, you guys are very
00:25:16.240 nice down in Lynchburg. It's a nice where you're in the war room, man. You've got to hit your mark.
00:25:20.320 Don't get between Bannon and a microphone. Last thing before I turn to Brett. Yeah. So that,
00:25:25.500 so the 20, the mail-in ballots, they want to, they got to go back to the mail-in ballots.
00:25:29.360 Number three is now this new line of work. And this one is going to be the biggest and the most
00:25:35.980 important of all. They are absolutely going to destroy the U S dollar and prepare to do that
00:25:41.440 by flooding the zone with as much liquidity as possible to prop up the stock market,
00:25:45.980 to try to get the 10 year treasury somehow below, you know, five or 4% to try to make it all as much
00:25:53.380 good times as possible in the run-up to the 2024 election. So that take away Trump's argument
00:25:59.960 about what a disaster that Biden has run. He's the new Hoover, how the disaster he's run this,
00:26:06.660 he's run this economy. Those three converging forces are the apparatus. They understand this
00:26:14.960 is not Republicans and Democrats. Forget talking about Republicans and Democrats. That's old ways,
00:26:19.400 old ways of thinking. This is nationalist versus globalist. The fourth branch of government that
00:26:26.140 the founders and the framers had no earthy idea and never approved authorized or talked about the
00:26:32.900 administrative state and its rogue element, the deep state, which controls this country and is not
00:26:38.860 prepared to give it up. It's not prepared to take its hand off the control mechanism. And now they've
00:26:44.780 thrown down. Give me a minute on this, Brad, before we go to break. Yeah, well, I was going to call
00:26:49.980 this new Fed move the Trump put, but then a wiser person advised maybe the Powell put is better. That
00:26:56.820 refers back to Greenspan. And every time the economy needed a boost, the Fed was there to serve it up to
00:27:05.300 save Wall Street and not Main Street. That's why there's going to be a political realignment, not
00:27:11.560 necessarily R&Ds. It's going to be the middle class rising up against this. Right now, the nominal
00:27:17.980 GDP growth is 8.9 percent. That would be considered fairly hot. And so you would not expect the Fed to
00:27:25.860 hint that they're going to lower rates. Notice they didn't lower rates yet. So a lot of this could be
00:27:30.460 talk. I hope it is. But they're juicing everywhere possible. The federal government is up 18 percent
00:27:38.940 government spending over last year. Government spending up 18 percent, running 250 billion
00:27:46.400 deficits every month. So we're on our way to two and a half trillion dollars stimulus spending,
00:27:53.400 right? Government spending seven and a half trillion stimulus spending. All of this stimulus
00:27:58.520 is going to speed things up. Dave, hang on for one second. Hang on for one second. Short break.
00:28:05.320 Peter Navarro joins us with Brad on the other side.
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00:29:59.360 Your host, Stephen K. Bannon.
00:30:05.080 Okay. I am actually responding to somebody here even as we speak because things are going on, folks.
00:30:13.060 Motion to adjourn. Voted down. A bunch of Republicans voted for it. They want to get to the NDAA.
00:30:18.360 Remember, any of your representatives voting for this, this is a neo-Marxist, cultural Marxism,
00:30:24.580 infested, infected into the mirror, a bacillus inside the military that we took out.
00:30:31.260 So when Don Bacon and all these guys vote for it, this is not something that has popped up.
00:30:36.840 This has been months and months and months. And the Republicans in the Senate, they have done this
00:30:40.360 to show you. It's not, they're not, we're not in the same party.
00:30:43.660 And yesterday, Mike Johnson has Paul Ryan. Paul Ryan came out in the most brutal, nasty,
00:30:49.820 beatdown of President Trump. And I don't know, shareholders over at Murdoch News, I don't know
00:30:55.520 how you allow, the first time in history, I've never seen this, on a public, a guy sitting on a board
00:31:01.340 of a publicly traded company, eviscerates the leader of the largest political movement in
00:31:07.700 American history. And the leading candidate, the presumptive nominee in the Republican Party,
00:31:12.500 I don't know how it goes. And Mike Johnson, why you are spending time with, any time with Paul
00:31:17.400 Ryan, but particularly in these last couple of days when everything's happening, and then you
00:31:22.380 suspend, after you talk to him, you suspend the rules, let this NDA go up. The commitment's
00:31:27.420 supposed to be, if the majority, the majority doesn't want to bring something to the floor,
00:31:30.740 it doesn't come. You suspended that. Johnson, I'm telling you, bro, you can give me all the Bible
00:31:38.000 verse you want. You got to step into the moment and start to, if you want to be, you know, Moses or
00:31:43.620 Daniel, I don't know, pick your Bible figure. Step up and show some courage, because right now,
00:31:50.720 you're more honest than McCarthy. You've done some better things than McCarthy. You've moved
00:31:55.060 impeachment, other things, but we're not going to just jump on these shiny toys. And impeachment is
00:31:59.340 something we will make important. Not that you're going to be able to look away. This will lead to
00:32:05.120 everything coming up. But right now, it's just not acceptable. And we know the forces are reigned
00:32:10.320 against us. This is up in your grill, what they're doing in lawfare with the deep state, what they're
00:32:16.880 doing in biopharmaceutical with the deep state, what they're doing. The mail-in ballots tells you,
00:32:21.900 the Rasmussen poll tells you, 20% of the American people admitted to it, admitted to it,
00:32:29.340 overwhelmingly Democratic, admitted to it. And now the financial, and the financial, they're going
00:32:35.820 to hit you with a wave of cash infusion, destroying the dollar. Hey, right now, that's why you got to
00:32:42.840 go to birchgold.com slash bandit. You got to talk to Philip Patrick and the team. Don't take it from me.
00:32:47.280 Talk to professionals. I'm just a raving madman. But I called this one, another one we called, and Dave
00:32:53.200 Brat just gave you the numbers. This is why the anti-Trump forces in the Republican Party, Paul Ryan and that
00:32:58.900 Wall Street Journal crowd, Paul Gijo and Murdoch and all of them, it's why you're not seeing them say
00:33:04.680 anything about spending. Why are they going home for a three-week vacation and coming back
00:33:08.680 10 days before the CR? They want the spending to continue. When Brat says spending's gone up 8%
00:33:15.560 and you have a Republican house on watch, and you're not upping people's grills, not just calling
00:33:20.920 hearings defunding. Cut the money off. Only the framers gave you the power to do that.
00:33:28.420 Mike Lindell's jam for time, so let me get Mike Lindell. Is Mike Lindell with me? Mike Lindell,
00:33:32.300 tell us about the factory floor. Hey, the country, the dollar may be imploding nationwide, but we got
00:33:38.860 to make it work at MyPillow. Give me a couple minutes on MyPillow. How are we doing today?
00:33:43.880 We're doing great. Everybody's busy. I said before a couple days ago, because of the War Room Posse,
00:33:51.400 we were able to continue to do our annual bonus Christmas bonus checks. Everybody was so happy.
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00:35:50.520 We don't sleep on silk sheets. We sleep on flannel sheets. That's MAGA proud right there.
00:35:57.360 Mike Lindell, thank you so much. We look forward to having you back on this afternoon, brother.
00:36:00.580 Thank you. All right. Thanks. Thanks. Get to MyPillow right now. Thanks.
00:36:05.680 Thank you, brother. We got the Christmas bonus to these folks because of your efforts.
00:36:10.720 MyPillow.com, promo code WARROOM. Peter Navarro, I called you this morning. I gave you all the
00:36:15.220 information, the updates, pal. And Yellen's really the mastermind of this. The old granny's over there,
00:36:22.040 and she knows how to use these pockets of capital. They're into, I think, the Treasury Emergency Fund.
00:36:28.180 It's a trillion dollars. They've got these reverse repos they're doing. Bottom line, they're juicing the system
00:36:34.720 with cash because they've made a determination. Under no circumstances will Wall Street, will the central bank
00:36:42.680 of this country, the Treasury, your bettors, will they ever, the lords of easy money, the lords of easy money
00:36:50.100 will never, ever, ever allow Donald Trump to return to the White House with the likes of Peter Navarro.
00:36:57.840 Dr. Navarro, your thoughts?
00:36:59.040 So, two numbers, Steve. Numbers that I never would have ever guessed. 17%. That's the increase in annual government
00:37:11.860 outleaves year over year. Think of that. 17% one year. And the other one is 8.9%. That was the Q3, quarter three,
00:37:27.560 growth rate, the nominal growth rate. Now, those numbers, if an economist comes out of a time capsule
00:37:36.160 and looks at that and says, that's what happens, and that's what you're seeing in one year and one
00:37:41.280 quarter, that's like unbelievable. And it's so unbelievable that it's going to crash us all.
00:37:48.880 But I think you're absolutely right. This Federal Reserve press conference this week by Jay Powell
00:37:55.320 really unmasked the financial portion of that deep state that you've referenced.
00:38:05.160 The fix is in. The Fed fix is now officially in. I'm not surprised. The context here is something
00:38:12.440 called the political business cycle, Steve. Political business cycle. I learned about this like 20 years
00:38:17.700 ago back at Harvard when I was getting my PhD. And it was simply the observation that in presidential
00:38:24.720 election years, the economy tends to grow faster than it otherwise would because the incumbent who
00:38:32.700 has both the fiscal and monetary policy levers to pull can goose the economy. So that is what we're
00:38:40.600 witnessing. And it's a normal course of business. But the problem here, Steve, it's the political
00:38:46.040 business cycle on steroids. And we're careening towards a fiscal cliff. It's like Biden was like Biden
00:38:54.020 and Congress were in in one car like heading there. Now Jay Powell's coming up in his Fed Ferrari. And they're both
00:39:01.580 going to take it together. And treasure. And treasure. Okay, hang on, hang on. Hang on a second. Hang on a second. Hang on a second. We are not opposed to 8.9% growth, nominal growth. We're not opposed to if this was real and not juiced. All you're doing and the fixes in against Trump is so obvious. And this is why when Johnson meets with Paul Ryan, it's that's that symbolism tells you everything you need to know.
00:39:30.300 What is that? This is why there's no fight. Remember, this 17% growth, the 17% growth is off a post-COVID number. Remember, the fight we're trying to get is back to the Trump budget of 19. If we did that, not all of our problems would be over, but it'd be a massive step to getting them. It'd be directionally how you get your hands around it. And you're telling me the government wasn't big
00:39:57.080 enough in the fall and the fall and Christmas of 2019? Was government not doing enough? That's to get to pre-COVID. This 17% is off the post-COVID number with a Republican House. Let that set in for a second, folks. With the Republican House. And don't sit there and tell me we own one, we only control one third of one half. That's all crap.
00:40:17.860 If you had the stones and the balls, you could shut this thing down right now. The NDA just passed. It just passed. This is Mike Johnson. And don't tell me you're a Christian. I don't want to hear you're a Christian. Don't wear your faith. Don't give me the Bible. I don't hear more Bible verse.
00:40:33.660 When you've allowed the transgender, you've allowed all that garbage, all that demonic trash throughout the defense budget. You wonder why you can't get kids, red-blooded American boys and girls to get into the military?
00:40:53.800 With what you've done in this neo-Marxism and this cultural rot that now you have taxpayers paying for in almost a trillion dollars?
00:41:01.740 And you allowed this to happen? When the commitment, the commitment, if you can't get the majority, the majority doesn't go to the floor of the Hassert rule.
00:41:09.680 But you waive that to get this there because you're playing footsie with Mitch McConnell, Schumer, and you're just as bad as the Biden guys.
00:41:17.380 Because you should know better. So I don't need to hear any more biblical worldview.
00:41:22.720 Okay? I saw in action. Your intentions don't matter. The only thing that matters is your human agency and what you deliver.
00:41:33.100 What you deliver. So don't give me the biblical worldview. I saw it in the NDA. Your biblical worldview is manifested there.
00:41:41.260 So don't do another prayer group. What I need is Christians at the ramparts prepared to stand in the breach in what we call the gap.
00:41:51.700 It's not easy. You're going to get criticized on MSNBC. Mitch McConnell's going to say bad things about you.
00:41:57.600 The donors are going to say this and I do. Screw them. You either believe it or you don't believe it.
00:42:01.780 Also, Peter, don't forget Janet Yellen. Don't forget what – give me what Treasury is. Treasury is on steroids.
00:42:09.000 She's back there at the controls with emergency measures infusing the system with cash.
00:42:14.700 This is why you got this stock market increase. Peter Navarro.
00:42:18.140 Let's remember that she was at the Federal Reserve. She's the one that got booted upstairs.
00:42:23.760 I mean, the underlying politics of this are simple.
00:42:27.220 I mean, Jay Powell was appointed by Donald Trump at the request of then-Treasurer Secretary Stevenson.
00:42:35.200 It turned out to be, in President Trump's own words, one of his worst appointments.
00:42:41.020 Powell screwed us from day one.
00:42:43.400 And Powell knows this, that his future depends on keeping Trump out of the White House.
00:42:49.960 And so the fact that he's moving headlong into supporting this fiscal profligacy should be no surprise to anyone.
00:43:01.520 What was interesting yesterday, Steve, is that there wasn't a single person in the financial press who asked Powell the only question that should have been asked.
00:43:13.260 Are you easing too soon? Are you worried about a reacceleration of inflation?
00:43:17.900 I mean, in the same week that you had signs in the data that said inflation is reaccelerating, nobody even asked Powell about this.
00:43:27.840 And history is a harsh mistress here, Steve.
00:43:31.060 In the 1970s, stagflation.
00:43:34.860 The Fed and the government made the same identical move, which is to say that in the initial pulse of inflation, it slowed down.
00:43:44.640 The Fed eased off.
00:43:46.860 Peter, hang on for one second.
00:43:51.440 We're just going to take a short break.
00:43:53.020 Brat, Navarro, got Alex Jones coming up.
00:43:56.080 The war room.
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00:45:42.280 Here's your host, Stephen K. Bannon.
00:45:44.820 NDA passed.
00:45:48.240 FISA extended to April, but actually they can use the 702 into next year.
00:45:52.300 There'll be another big fight.
00:45:53.720 This is a complete and total capitulation.
00:45:56.980 Don't let anybody spin you any other ways.
00:45:59.360 We want to give it to you with the bark on.
00:46:01.280 This is a complete and total capitulation.
00:46:03.900 Like they're capitulating across the bay.
00:46:05.600 And the reason is that the rear guard action of McCarthy and Paul Ryan in this crowd, the hate Trump, don't take my word for it.
00:46:14.980 Go to my getter right now and see what Paul Ryan said about Trump.
00:46:18.380 A narcissistic populist, not a conservative.
00:46:20.720 But, dude, if you're a conservative and we've gotten in this shape because of what you've done and the bills you pass and what you support right now,
00:46:27.260 then, dude, that's why nobody wants to be called a conservative anymore.
00:46:32.060 Don't you get it?
00:46:34.720 You are part, you, the controlled, not conservative.
00:46:37.600 The C is controlled opposition.
00:46:39.720 You've allowed this to happen.
00:46:41.240 And the reason your sin is worse than the, than our opponents is that you know better.
00:46:47.560 You're doing this for power and money.
00:46:49.460 You sit on the board of Murdoch, the biggest creeps in the world.
00:46:53.060 Cretans, you sit there and you trash Trump.
00:46:57.720 I cannot believe there's not a shareholder lawsuit about this.
00:47:00.720 I'm stunned by that.
00:47:02.180 Never seen any board in this country of a public trade.
00:47:05.060 Show me, please show me any public trade company in history that's had a board member that's trashed the leader and the movement of a major thing that's driving that company.
00:47:17.320 Give me an example.
00:47:18.620 Please show me an example.
00:47:19.920 One, not two.
00:47:21.040 I need to see one.
00:47:23.060 This is an outrage and there should be a shareholder lawsuit immediately to turf that guy out of the board.
00:47:31.060 And what he calls, and look, he's such a loser too.
00:47:33.640 He's a big intellectual.
00:47:34.700 He wants to think great thoughts from the University of Miami at Ohio.
00:47:39.140 A red skin, what they used to be called.
00:47:41.960 Don't know what they're politically called now.
00:47:43.540 Correct, called now.
00:47:45.060 But that's the, I think he's an accounting major.
00:47:46.620 Another genius, like Birdbrain, Nikki Haley from Clemson.
00:47:52.620 Not dumping on Clemson.
00:47:54.100 I went to VPI.
00:47:55.360 Not getting ahead of myself here.
00:47:56.620 Not my, getting my britches too big.
00:48:02.080 Disgusting.
00:48:03.340 Dave Bratt.
00:48:03.880 Give me a chart.
00:48:05.760 By the way, today's your day to go to Birch Gold.
00:48:09.560 Talk to Philip Patrick to slash ban and get the end, get the end of the dollar empire.
00:48:13.880 I didn't start working on this three years ago for my health.
00:48:17.020 I knew this day was coming.
00:48:19.540 And by the way, the BRICS nation is looking pretty smart, aren't they?
00:48:22.560 Buying the gold, loading up in 22, 23.
00:48:25.080 They look pretty smart.
00:48:26.660 Bratt, what do you got for me?
00:48:29.380 Yeah, well, what Peter Navarro just mentioned, the political business cycle, folks are probably
00:48:35.760 not familiar with that.
00:48:37.300 But bottom line, shocker, everybody gets it intuitively.
00:48:41.100 The Federal Reserve, the administrative state, mainstream economists at the Ivy League schools
00:48:45.920 who are on the news lately.
00:48:48.340 There's plenty of research on this.
00:48:50.180 The biographies of all the famous economists.
00:48:53.300 Guess what?
00:48:53.760 All the liberals from Manhattan and Boston and San Fran and L.A., et cetera, go to the
00:49:00.360 liberal schools, and they're all Keynesians who believe in running the government and
00:49:06.040 your life from on high, right?
00:49:07.840 That's how you got the national accounts with a C plus I plus G, where G is now $7 trillion
00:49:13.980 they're playing with.
00:49:15.620 On the other side, you got about seven economists in the country that are conservative.
00:49:20.000 You know, Steve Moore, the monetarists, supply-siders, et cetera.
00:49:23.760 And so what you're saying and what Peter is saying is there's a huge thumb coming on to
00:49:30.200 the Federal Reserve and the federal government by all the policymakers.
00:49:33.900 It's no shocker.
00:49:35.280 It's called the political business cycle.
00:49:36.780 People can go look it up.
00:49:38.440 And the first chart, here's some Federal Reserve.
00:49:41.560 The dates are going to jump off the page at you.
00:49:43.620 You're going to get very excited at this one.
00:49:47.000 But one of the researchers showed a great point.
00:49:52.740 Inflation is not transitory.
00:49:55.380 It's permanent.
00:49:56.980 And inflation is permanent in the sense that once you lose your purchasing power, it's gone
00:50:02.540 forever, right?
00:50:04.060 So over the past four years, you've lost 20% of your purchasing power.
00:50:08.460 How did this happen?
00:50:10.380 Kaboom.
00:50:11.600 Yeah.
00:50:11.920 How did we get into this cycle?
00:50:13.660 Take a look at this chart.
00:50:15.120 Here's your cumulative inflation.
00:50:17.340 That's up by 2,900%.
00:50:20.380 That's not a typo since 1910.
00:50:24.600 Where did it all start going up like a rocket ship?
00:50:28.280 1970.
00:50:29.880 Steve, how's your pulse going?
00:50:31.520 No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, 1970,
00:50:35.000 1971, 1971, August of 1971, coming off, coming off the gold standard.
00:50:40.720 Right.
00:50:41.240 Come on, right.
00:50:41.940 And so there's your Federal Reserve.
00:50:44.300 That's where they did it.
00:50:45.780 Right.
00:50:46.280 Off the gold standard, no discipline, printing money, the Greenspan put, uh, after the 07,
00:50:53.240 08 financial crisis, which ruined our economy for the next 20 years.
00:50:57.100 Uh, now the Federal Reserve, uh, Powell, any, any mainstream economists right now, when
00:51:02.700 you have 8.9%, uh, nominal GDP growth and you have 18% increase year over year government
00:51:11.860 spending, 18% after COVID would say, what should you do?
00:51:16.740 Should you be a little cautious and maybe cool things?
00:51:19.080 Or should you just speed things up even more?
00:51:21.160 Are you crazy?
00:51:22.340 So it's all politics.
00:51:23.740 It's a massive, it's a massive, it's a massive.
00:51:26.740 It's a massive Keynesian, it's a massive Keynesian infusion stimulus that the Republicans go
00:51:32.120 along with.
00:51:33.020 Dave, we got to bounce.
00:51:33.960 I need people to get to these charts.
00:51:35.480 So where are you going to put them up?
00:51:37.200 Yeah.
00:51:37.460 Brad economics on getter.
00:51:39.200 And, uh, Hey, I, I know how to hit the mute button.
00:51:42.080 That was a threat to my manhood on the war room.
00:51:44.360 So I'm, I'm just telling the folks I I'm, I'm in perfect control of that mute button.
00:51:49.420 There were other external issues.
00:51:53.560 We got, we're getting a new system worked out for Dave.
00:51:55.700 Dave, thank you so much, brother.
00:51:57.160 Peter Navarro, you put out a weekly assessment of capital markets.
00:52:00.860 Where can people get that?
00:52:02.360 Yeah.
00:52:02.880 Peter Navarro dot substack dot com.
00:52:05.080 Peter Navarro dot substack dot com.
00:52:06.740 Stevie, there's something that I used to do before joining the Trump administration for
00:52:12.100 years.
00:52:12.540 I wrote my macro wave newsletter, um, decided to revive it because of the obvious macro
00:52:18.600 carnage going along.
00:52:19.760 So every Friday, um, it comes out, Peter Navarro dot substack dot com.
00:52:24.540 And of course, later in the week, uh, we have the other kinds of articles, um, such as,
00:52:30.320 uh, what came out this weekend in the Washington times about, uh, but it was where everybody
00:52:36.420 goes.
00:52:36.800 Is this, is, is the, is the substack, is the substacks where people go to get this, your
00:52:40.980 macro wave, the capital markets, uh, assessment.
00:52:43.960 I need everybody reading that.
00:52:45.540 We have a large war room contingent on there and I appreciate the war room, uh, plugging
00:52:51.320 into that.
00:52:52.200 Uh, I, I want, I want to, I want to get you on either Fridays when it comes out or Saturday
00:52:57.300 morning to do an assessment because this is very important.
00:53:00.500 This is why I got to give you just kudos for that beautiful Tucker Carlson interview.
00:53:08.640 And as we were talking today, uh, when Tucker raised this, this issue of how we're bringing
00:53:15.240 in illegal airlines and giving them weapons, uh, in our DOD to how that's dangerous.
00:53:20.720 Um, there we are.
00:53:24.500 Peter, look forward to your, uh, Friday assessment, brother, Dr. Peter Navarro, the Alex Jones is
00:53:32.380 next in the war room.
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