In this episode, Stephen talks about the breakdown in the Republican Party on foreign aid, the Ukraine aid bill, the border deal, and what's going on with the economy. He also takes a shot at the media, and takes a swipe at the dark side of politics.
00:04:35.060And it's only going to get more intense from here.
00:04:37.460Just to put it in perspective, and I think we're getting the first clear breakdown of where we stand with MAGA completely taking over and destroying the Republican establishment.
00:04:50.900The Republican establishment that's been the opposition, controlled opposition for the – they are globalists because they kind of tapped everybody along for decades and decades and decades.
00:04:59.720President Trump announcing his new leadership of the RNC, Ronna McDaniel, still has not gotten the memo.
00:05:08.180She continues to put out tweets or whatever.
00:05:10.140She's putting out that I'm still in charge.
00:05:11.800I'm running the country, saving everything.
00:05:20.960President Trump announced his recommended or the leadership that he thinks needs to take over, including, which I think is a brilliant pick, his daughter-in-law, Laura Trump, who I thought would be a great head of the RNC.
00:05:36.920But she'll be vice chair, and she will be out there.
00:05:40.020There couldn't be a better proponent of the grassroots or someone who does more for the grassroots.
00:05:44.620But the Senate vote, the collaborationist, the globalist collaborationist, had their say at dawn, 22, 22.
00:07:42.900They're looking for the citizens of these states.
00:07:45.380And these states are among the greatest states in this union.
00:07:48.540We're not talking about deep blue states that are already too far gone.
00:07:55.700Boozman of Arkansas, Capito of West Virginia, Cassidy of Louisiana, Collins of Maine, Cornyn of Texas, Kramer of North Dakota, Crapo of Idaho, Ernst of Iowa, Grassley of Iowa, Hoven of North Dakota, Kennedy of Louisiana, McConnell of Kentucky, Moran of Kansas, Murkowski of Alaska,
00:08:25.700Thune of South Dakota, Thune of South Dakota, Tillis of North Carolina, Wicker of Mississippi, Young of Indiana.
00:09:48.140This NDAA took away President Trump's.
00:09:50.260They think it took away President Trump's ability to negotiate with NATO because it said that no commander in chief can actually get out of a treaty, which is unconstitutional.
00:10:01.380That would be tested at the Supreme Court.
00:10:02.760But they wanted to take away his ability to pressure NATO to become an alliance.
00:10:07.420This all gets down to the simple fact that the United States is prepared to be an ally.
00:10:15.100It's not prepared to be a protector anymore.
00:11:59.960And we're afraid of that Russian army, what, going through the folded gap, going through the North German plane, doing what we did for years and years and years and years during the Cold War.
00:12:33.900Ukraine is not about the Russian army.
00:12:38.640All these guys trying to be Winston Churchill and they're all sitting up there, you know, all puffed up with a knitted brow, you know, trying to be great orders.
00:13:06.880And not one penny, remember, in their arrogance, not one penny, not one penny, one, to stop the invasion here in this country.
00:13:15.520My basic question to these guys is when you talk about NATO and all of NATO and NATO this and NATO that, which they won't do operations, they don't pay 2 percent, and the charts up there, will they pay 1.7 percent?
00:14:17.760Everybody retiring at 50, raise your hand.
00:14:21.240You've got nothing because they're taking your money and your sons and daughters, and they're sending them on foreign battlefields and giving them money to foreign oligarchs to spend on yachts in Monaco.
00:16:22.060Okay, I want to make sure one thing is very, very, very, very clear.
00:16:29.720When we say it's a problem of the states, the war in posse, and we know there's so many of you out there that are working like Trojans to sort this mess out.
00:16:41.040And the odds are long, because remember, the business interest and the money is on these guys' side.
00:16:45.460That's what this great I'm asking about.
00:16:48.940And we understand you have a long, tough fight.
00:16:51.680I also, and this goes back to CPAC, we're announcing right now that we're going to have an early day for war room posse members on Wednesday.
00:17:02.360CPAC starts Wednesday evening with this great breakout of populist nationals from out the world.
00:17:08.860And I think actually, I guess Malone's thing is going to be on Friday or something.
00:17:15.760But beforehand, from essentially noon to like, let's say, 4 o'clock, we're going to have a breakout room just for the war room posse where we're going to discuss exactly these types of topics and more.
00:17:27.380How you can get the most out of CPAC, because it's so jammed for three days.
00:17:30.420We want to make sure everybody gets the best experience possible.
00:17:33.200Remember, the tickets for war room posse are under $100.
00:17:35.440Matt and Mercedes kept them under $100 because we want to have a big turnout because I understand you're the activist.
00:17:53.040We got room for about 200 to maybe 250 ukram and them.
00:17:56.400We're going to serve lunch, a war room posse lunch.
00:17:59.700OK, and you're going to spend three or four hours to do the evening show, three or four hours of getting together and talking about plan 2024, of which these states are involved.
00:18:14.140The folks in the war room posse in these states, you're the hero.
00:18:16.840We understand you're working incredibly hard.
00:18:19.140The question before us is we have to assist you.
00:21:13.800The second one is on March 1st when he shut down the government because they haven't secured the border.
00:21:18.440But this is, man, we're supposed to, you know, we're supposed to impeach Mayorkas.
00:21:23.560I've actually got the opening testimony.
00:21:26.080So to impeach Mayorkas today, Tony Bobulinski is giving closed door deposition.
00:21:30.820I've got the I've got his opening statement was given to me.
00:21:34.800It's explosive about what he accuses Joe Biden of with the Chinese Communist Party, something that I think in July of 2020, when I saw the laptop from hell, I told people and came on the show and said when we got it to the New York Post, we could actually talk about it.
00:21:50.820But I knew it in the first five minutes.
00:22:21.840That's like the greatest crisis maybe in American history.
00:22:24.440Because don't think the bombing of Pearl Harbor, as horrific as it was, as much death that it led to and agony and families being destroyed.
00:22:34.600That wasn't really an existential threat to the United States of America.
00:23:37.280Got to look at a rate cut, which is the exact wrong.
00:23:40.040You know, the Washington Post has got to get have to get people over in their business section that actually they got to stop with the English majors
00:23:47.120and maybe get some people that can do mathematics.
00:23:51.300E.J., why is the Washington Post headline wrong?
00:23:53.500And why is Wall Street freaking out right now about these numbers, sir?
00:23:57.940Well, Steve, the reason there that the Washington Post is running a headline like that is because they're simply looking at the year over year change.
00:24:06.140So as you drop out a month that had very fast inflation and you pick up the month of January, which had slightly slower inflation, but still much too high, that headline number comes down.
00:24:17.620But if you just look at how much did prices actually go up from December to January, that's three tenths of a percent.
00:24:23.940You're at almost four percent if you get that month after month after month for an entire year.
00:24:29.580So this is way too hot of a print for the Fed to even think about cutting rates today.
00:24:35.020And, of course, because Wall Street is so dependent upon easy money from the Fed these days, you can see the stock market is just absolutely taking it on the chin.
00:25:08.820Talk to me about talk to me about the number that burned off the page of me, the housing number.
00:25:14.180Well, Steve, one of the things that a lot of people are complaining about now is the fact that the CPI, the rent component of the index,
00:25:22.580has a lot of lag to it. In other words, just because rent increases today doesn't mean it's going to show up today.
00:25:28.800It will show up over the next six months, actually.
00:25:31.680And so they're saying, oh, you know, the inflation number really isn't that bad because we're simply picking up price increases from months ago.
00:25:37.800I'm sorry, but you're missing out completely on the other side of the equation, which is the cost of homeownership,
00:25:43.600which is why those young adults that you were just talking about are so angry at Biden today.
00:25:48.660The cost of homeownership has gone up about 80 percent since he took office.
00:25:54.260Whereas if you look at the CPI, the portion of that which estimates the cost of homeownership is only up about 20 percent.
00:26:01.380In other words, it's four times worse in reality than the index is making it out to be.
00:26:07.000So far from overstating the cost of housing, the CPI has been grossly understating it.
00:26:20.000What they did at dawn in the pre-dawn hours in the Senate is the mindset that causes the print they had today on inflation.
00:26:29.080This is exactly and they say, oh, the stock market is up.
00:26:31.760There's seven companies up and mainly driven by NVIDIA on the on the artificial intelligence chip.
00:26:37.200And we're going to Joe Allen. We're going to get to that because there's some bad news on that one, folks.
00:26:41.360If you need more bad news, come to the war room.
00:26:43.760But you're the fighters. I'm not going to hide stuff from you.
00:26:46.400So we're going to talk about what happened over the Middle East at this conference on artificial intelligence and how it ties back to NVIDIA.
00:26:52.460NVIDIA stock is what's driving this. If you look at the S&P 500, the other 493 stocks, not so good.
00:27:00.040I think they're down three percent. Industrial production down.
00:27:02.980That's why the lived experience of people is terrible.
00:27:05.640But EJ, what's driving this is still massive government spending.
00:27:10.400And here we just had two hundred billion dollars.
00:27:13.040Another horrible print in the month of January.
00:27:17.600It's now hurtling towards the reality is we keep telling people don't believe the happy talk numbers is going to be two trillion dollar deficit this year on capital.
00:27:26.140He never heard one mention that with the good guys that that voted that voted against this.
00:27:32.360You did. But all the other guys, yeah, this is a big number, but we have to do it.
00:27:36.380We have to do it. We have to do it. We have to do it.
00:27:38.840That's the mantra. We have to do it. EJ, hang around.
00:27:41.180I want to drill down on this some more.
00:31:17.640That's breaking, what they try to do is set an apartheid state here in the United States for the MAGA movement, the deplorables.
00:31:25.140And we're in the process of breaking that.
00:31:28.800That's what this great comeback is, is MAGA ascendant.
00:31:31.100Now, remember, the financial community, I think the first time in American history, and I have a pretty good grasp on American financial and economic history.
00:31:40.480There's been other times, don't get me wrong, when they're all there to support the president.
00:31:44.340But this is a full-scale coming together, a really merger of the Treasury and Fed function to make sure they flood the zone with every piece of QE and stuff they're doing off the books to jack up this economy.
00:31:56.880To make sure when it gets to Election Day, this thing is, it's dead underneath.
00:32:19.980In December, EJ and Tony, correct me if I'm wrong, brother, this, like, came out of nowhere.
00:32:27.300All of a sudden, right after Thanksgiving, Powell came out and kind of said, inflation's dead, it's over, and, you know, I'm not going to have a rate cut now, but kind of promised rate cuts, which the Wall Street easy money, the lords of easy money on Wall Street were salivating over.
00:32:42.800And Janet Yellen, at the same time, is taking every pool of capital cash inside a Treasury, all the emergency things, and she's flooding the zone in there to make sure they jacked this thing up.
00:32:54.560That all got blown up this morning, did it not?
00:32:56.960As we keep saying, if you keep – if you believe – and look, I'm not a Keynesian, but if you believe the Keynesian model, you keep pumping it, baby, and it's going to get hot, right, EJ?
00:33:07.800Absolutely, Steve, you know, and you made such a great point earlier when you talked about this kind of spending, these ridiculous bills that is just sending all of our taxpayer dollars overseas, billions and billions of dollars that we don't have, right?
00:33:25.960We don't even have the money to lend at all.
00:33:28.260So this idea that somehow we can just spend, borrow, and print our way to prosperity, I'm pretty sure that the last three years have proven that to be absolutely false.
00:33:38.600They have a saying, I think Rogoff at Harvard has a saying, when numbers in all these third-world dictatorships in all these countries in the world, when it hits, when GDP hits like this, when deficits hit like this, when the inflation starts going, they go, oh, no, no, no, this time's completely different.
00:35:03.760And up on Capitol Hill, the Uniparty, because all these puppet masters behind it, the big tech oligarchs, the lords of easy money on Wall Street that are playing the Mitch McConnells, all the defense contractors, the big pharma, all of them that are paying these salaries.
00:35:16.680And these guys are going to be up on your grill.
00:35:18.860And I will support any MAGA, any hardworking populace in states like North Dakota and South Dakota and Idaho.
00:35:52.480And Cornyn, you've had your last Senate run, so you better set your other gig up for what you're going to do in working for a defense contractor, being a lobbyist.
00:36:01.380Because your days in the Senate are over.
00:36:03.360I know you don't come up for re-election for a while, but they're over, brother.
00:37:05.880And actually, CBO is even admitting that we're right on that, at least in the short term.
00:37:11.260If you look at their latest projections, they show that interest on the debt in terms of a percent of GDP will hit a record high next year.
00:37:19.200And that's something that we talked about on your show literally months ago.
00:37:23.020The difference is that while we continue to see that trend escalating, CBO instead has it, for some reason, miraculously just dropping off a cliff.
00:37:31.720And for some reason, the economy will grow faster and interest on the debt will grow much slower.
00:40:35.300I've got a great thing up on Getter right now on my Getter page that's got the long line of people.
00:40:41.460In fact, if we can pull that and put it up for the next block, it's just a video of the long line of invaders that we're processing as quickly as possible into this country, sir.
00:40:51.240One of the big narratives out of that Senate bill debate and all the discussion around it was – remember back when Biden said something to the effect of,
00:41:04.060please give me the authority to do what I need to do, Congress.
00:41:58.940They are rounding them up and putting them on airplanes and buses and shipping them 1,500 miles to the south as part of some kind of a diplomatic political deal with the Biden administration that remains a secret.
00:42:13.200The reason I'm telling you that is, A, he could have done this at any point in the last three years just like Trump did and didn't.
00:42:22.580And two, he's got an election coming up, a re-election bid coming up, where the polls show that like 20 percent of the American public is OK with what he's doing on the border.
00:43:29.700Jackie Torboroff is going to give us a special of what's happening in New York City, the greatest city in the world, formerly the greatest city in the world.
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00:45:44.440The lords of easy money on Wall Street and the guys in Silicon Valley, they love what's going on here.
00:45:49.280The concentration of wealth is getting greater and greater.
00:45:51.640And part of what they're doing here in the scam – I will do this, and we're going to do this – two things we're going to do as far as going through business models to show you what reality is going to be for you in the next several years.
00:46:05.340One is Joe Allen is all over this artificial intelligence and exactly the $7 trillion they're raising.
00:46:10.720They laid out their plan at this world government summit, lovely place to lay it out, with Klaus Schwab and the head of NVIDIA.
00:46:21.020The other is the – what the business model for the United States is because CBO, between Powell, Jamie Dimon, the Congressional Budget Office, they've put forward what the plan is.
00:46:32.980And the plan is contingent upon – they've built the business model on mass illegal immigration.
00:46:44.320I had to go back and actually do some work with those guys, but I finally figured – I mean, going forward, and they're going to make the argument, you can't deport people because you deport people, we're going to have a bigger problem, a bigger hole to fill.
00:46:56.000This is what they're setting up to do.
00:46:57.320In fact, not what they're saying to do.
00:47:12.780They won't pick it, but he said it right there on the 60 Minutes interview.
00:47:16.040In fact, Todd Benzman and CIS – and Benzman, you've done such an amazing job going to the border, all the reporting you're doing, your books, the one on jihad was dead on before it's time.
00:47:27.000Your other book, a book called Overrun that you worked on years ago, and you had the beautiful – that magnificent shot at the bridge, exactly what the problem was.
00:47:34.420You've been ahead of this, CIS – but Camerata's got a report out.
00:47:38.300In fact, Breitbart, Neil Monroe over Breitbart's got a great breakdown of it.
00:47:41.500If you want to go over to Breitbart, he's got a great breakdown, but you've got to read the report.
00:48:18.480And African-American and Hispanic citizen population and people under 35 don't – I keep saying, we lay the math out, and it's pretty straightforward.
00:48:45.860We'll break down the CBO numbers to tell you how they break it into projection.
00:48:49.660And the argument they're going to make – they're wrapping Trump around so they can impeach him every different way on Ukraine and other things.
00:48:56.100But the other argument they're going to make, they're going to go, not so fast.
00:48:59.920You can't deport the $10 million because the economy is actually predicated upon them.
00:49:04.720They're cheap wages and the fact that they buy – they use 100 percent of their income to buy consumer goods.
00:49:20.160The labor market has rebounded not for U.S. citizens since COVID-19 but for illegal and legal immigrants, according to the CIS report.
00:49:33.480That's the area that has grown by leaps and bounds because it's basically cheap slave or slave labor, which is sort of an addiction for Republicans and Democrats alike when it comes down to border security and immigration policy in general.
00:49:52.880There is an addiction and you'll always see a division within the Republican ranks over the border because of this, because of this.
00:50:05.100It's cheap and like you said, there's a lot – there's an expanded consumer market when you have millions and millions of people coming in and spending their public welfare benefits and whatever wages they're earning on the side or illegally on consumer goods.
00:50:24.740So this is kind of built into the system and it's a problem, but there is a legal way to do this.
00:50:33.160We don't have to just sort of make lemons – lemonade out of the lemons of having a mass migration border crisis that is the greatest in U.S. history by every metric to have that.
00:50:46.120And we really have to emphasize e-verify because that labor market is the primary draw for all of these illegal immigrants.
00:50:58.000I've been interviewing thousands of them over the years, recent years, and they all say we're coming to earn money legally or illegally.
00:51:05.660We're going to make money and send it home, send it out of the country.
00:51:08.620Well, if you stop the remissions, I mean, that's part of the – I think President Trump will have a very sophisticated deportation plan.
00:51:17.740But the deportation plan is coming – and some has got to be incentives.
00:51:21.120Some is – you're going to cut off – Western Union?
00:52:06.760And also one in the New York Post about a jihadist plot to bring ISIS terrorists over the border to kill President Bush, former President Bush.
00:52:19.120Benzman Todd at X, and I'm on Getter and Truth Social.
00:52:40.360For War Room veterans, you know we have been all over this supply chain issue with China and medications and the active pharmaceutical ingredients.
00:52:56.300China has a stranglehold on us where there's a way to break that.
00:53:01.280I got an emergency medication kit from them.
00:53:03.760The FDA just declared a global shortage of medication and warned that critical antibiotics are in extreme short supply across the United States.
00:53:12.300But you know that because you're a viewer or listener of this show.
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