Bannon's War Room - Episode 3396： Death Of Navaldi; Positioning Kamala For Leadership

00:00:00.000 follow because every month it's going to change but here's the key first of all january is not

00:00:05.140 the highest read okay in 2021 the high read was july in 2022 was march in 2021 it was november

00:00:13.360 and by a significant margin over january and if you look at if you look at all the seasonalities

00:00:20.280 we've revised you know i have these big charts all over the room of all the numbers that's what

00:00:25.900 i look at to give you big boards i had to redo them there's been so many revisions why because

00:00:31.780 they want to get the seasonalities better so i understand that january might be a little freaky

00:00:37.180 sometimes but it certainly doesn't be a standout and if this number was half or much less than half

00:00:43.740 of the current inflation rates would all of the people talking about it's one-off would they say

00:00:49.060 it's a one-off cooling of inflation there's a huge bias here okay inflation is running hotter

00:00:55.480 growth is slowing that is the definition of stagflation whether it actually happens or not

00:01:00.860 nobody on this panel nobody at the fed and nobody in dc knows for sure three months ago they thought

00:01:07.540 all these numbers were going to be significantly smaller and they were wrong

00:01:11.160 this is the primal scream of a dying regime pray for our enemies because we're going medieval on this

00:01:22.620 people because i got a free shot all these networks lying about the people the people have had a

00:01:29.320 belly full of it i know you don't like hearing that i know you try to do everything in the world

00:01:33.120 to stop that but you're not going to stop it it's going to happen and where do people like that go

00:01:37.140 to share the big line mega media i wish in my soul i wish that any of these people had a conscience

00:01:45.320 ask yourself what is my task and what is my purpose if that answer is to save my country

00:01:52.620 this country will be saved war room here's your host stephen k bann

00:01:59.400 friday 16 of february in the year of our lord 2024 um all signal no noise this morning uh because uh in the

00:02:14.520 fog of war we got to cut through it and see very very clearly and see what our path of action is

00:02:19.980 so we're going to go from um we're going to talk about what's happening in munich at the munich conference

00:02:25.780 we're going to talk about the mafia uh hit signal they sent uh putin sent um sent munich today with uh killing

00:02:34.500 his or just the timing his his number one critic died in an arctic prison uh everything's going on in munich

00:02:43.080 how it plays back into capitol hill and remember we had any biggs on yesterday uh congressman biggs

00:02:48.680 told us he just stepped out of the conference which he said was very heated uh in the conference

00:02:53.960 they talked about as andy told us whether you're going to fight die on the hill of a cr and not

00:03:00.260 have it force biden to the table he said look you're gonna get a minibus an omnibus this thing's

00:03:04.180 a complete throwdown so eli crane and byron donalds are going to join us later to talk about this

00:03:09.880 we've got strategy we have war we have geopolitics uh we're going to throw some ai in there but we're

00:03:16.980 going to start first with money um and i'm i want to say i'm really proud of the dave brats and the

00:03:24.960 peter navarros you heard santelli right there say the stagflation word the brats uh the navarros um the

00:03:32.600 um uh jason trenert scott besson others that either help us behind the scenes working on the

00:03:39.980 math or uh or have um uh been on the show and talked about it e.j antoni is probably the tip of

00:03:49.960 the spear because he's uh he's been so right you know he's he's a numbers nerd and he's been grinding

00:03:55.960 this he's been so right on many things again today and you just saw santelli in fact uh e.j what i

00:04:03.420 want to do is uh in bringing you in i i want to if denver can replay this because this is the panel

00:04:08.660 beforehand you got to remember the panel beforehand we don't remember because you didn't see it let

00:04:13.040 me let me set this up the panel you're about to see on cnbc is rick santelli's always been the voice

00:04:19.740 of reason remember he's the first one that gave the really talked about the tea party in 2009 about

00:04:25.040 the bailouts really kind of like a paul revere type that kind of kicked this whole thing off

00:04:30.300 the panel is sitting there making excuses about how this is seasonal how this is not a problem this is

00:04:36.560 just an uptick and here's the reason they're all including the treasury and the federal reserve for

00:04:41.740 the first time in history it's not about helping out a president as secretary treasurer that always

00:04:46.080 happens when you're in administration that's just normal course of business this is something quite

00:04:49.460 different but as ej and war room have told you over and over again there are structural

00:04:54.720 issues that these guys have doubled and tripled down on that now you have a structural problem

00:04:59.140 and the structural problem uh ain't going to go away in fact if i can do this uh first uh can we pull

00:05:06.000 up the uh can we pull up the chart of the deficit chart i want to play the i want to show the deficit

00:05:10.560 chart there's a deficit chart that was done by ej who's your colleague over at uh who's your colleague

00:05:17.620 over at heritage david uh is it dirks what's his name david did this amazing sets of charts david did

00:05:24.360 david did he also works in the budget center does a terrific job david ditch is the man you know he's

00:05:31.940 one of these guys grinding down there in the budget center but if i can get that chart that chart

00:05:36.340 and for those of you that are listening on the podcast or those of you listening on our vast radio

00:05:41.740 network with john fredericks um please go to war room.org get to grace and mo get on the email list

00:05:50.320 you must get the the you must get the videos we put up every day and particularly the charts this

00:05:55.520 will only improve totally free it will only improve your war room uh experience so here

00:06:03.360 is taking the the uh the congressional budget office kind of they're supposed to be like caesar's wife as 1.00

00:06:10.100 far as budget forecast and they do one annually ej as you know they put out their forecast today

00:06:16.300 and david was so good to kind of take what they put out and put it in chart form put it out there

00:06:20.400 folks that's reality does i want to give you a reality check this is reality this is also republic

00:06:30.040 ending as you see the law fair we're going to have today and we're going to be dipping in in atlanta

00:06:34.240 a funny willis is is is not up today she's had enough or she's i think perjured herself enough 0.95

00:06:39.440 so you got you got you got the law fair in atlanta president trump right now is i think scheduled to

00:06:45.100 give a 5 p.m press conference there about maybe we'll be covering it live because the moscow show

00:06:51.080 judge is going to take his business away from him today and charge him with a multi 100 million dollar

00:06:57.220 fine joe biden's going to go to east palestine our own ben burkwam real america's voice going to

00:07:02.900 ben burkwam it seems to be covering all this but let me give you a reality check all this revolves around

00:07:09.240 that chart that chart as much as mike davis and the great guys article three say this law fair

00:07:15.020 is republic ending and i think he's correct at least as a constitutional republic this right

00:07:20.120 here is not just a constitutional republic this is like america ending let me be brutally frank

00:07:26.720 uh it is impossible we'll be like the weimar republic if these numbers come true and right

00:07:33.360 now they're coming true in the conference fight that andy big stepped out of and the great guys

00:07:38.240 and i got to give a hat tip to jake sherman in the team although jake sherman's no maga the punch

00:07:43.360 bowl guys and if you haven't signed up for their newsletter it costs you some money and i mean it's

00:07:47.680 mainly for insiders but it's well worth it if you like this super inside baseball he described the

00:07:53.700 conference yesterday as a complete throwdown guys screaming at each other almost fisticuffs

00:07:59.240 uh people saying no we have to force biden to the table no more crs other people saying oh no no no

00:08:05.160 it's ridiculous the the appropriator saying it's ridiculous that chart is reality and what they came

00:08:12.980 up on the on the one-year crej here's the solution a 50 billion dollar cut this is like johnson talking

00:08:20.960 about a 16 billion dollar cut the other day on irs we are living the the uniparty here's here's the

00:08:29.400 people are so afraid and they're locked in fear of what it takes to stop this while others understand

00:08:37.780 that they are exploiting it and making money off it particularly the puppet masters on wall street

00:08:42.600 in the oligarchs in silicon valley that that they're going to continue on this is a you understand why

00:08:49.240 your life sucks economically you want to know why you got two jobs and you can't make ends meet and

00:08:54.840 you got to gap it with a credit card that's 30 apr and that every penny you get is a bonus anything 0.95

00:09:00.580 that you go to pay down the credit card just a little bit you want to know why you're on a hamster

00:09:03.880 wheel you want to know if you're under 35 years old why you don't own anything you're not going to

00:09:08.260 own anything including a house or even a piece of the action on stocks or etfs or mutual funds you

00:09:13.300 want to know you want to know why that that chart is the if that chart if we hit that chart if every

00:09:20.420 if that chart the slope of that chart is correct this country's finished as we know it today it

00:09:26.780 will be something quite different and this is you saw another example today and that is let's play

00:09:31.680 santelli again i'm gonna bring ej back and ej is going to comment let's play rick santelli this morning

00:09:36.380 going up against the the progressive democrats on the panel over at cnbc

00:09:41.380 because every month it's going to change but here's the key first of all january is not the highest

00:09:47.840 read okay in 2021 the high read was july in 2022 was march in 2021 it was november and by a significant

00:09:56.720 margin over january told you and if you look at if you look at all the seasonalities we've revised

00:10:03.740 you know i have these big charts all over the room of all the numbers that's what i look at to give you

00:10:09.120 big boards i had to redo them there's been so many revisions why because they want to get the

00:10:15.100 seasonalities better so i understand that january might be a little freaky sometimes but it certainly

00:10:20.680 doesn't be a standout and if this number was half or much less than half of the current inflation rates

00:10:27.300 would all of the people talking about it's one off would they say it's a one-off cooling of inflation

00:10:33.180 there's a huge bias here okay inflation is running hotter growth is slowing that is the definition of

00:10:40.220 stagflation whether it actually happens or not nobody on this panel nobody at the fed and nobody

00:10:46.220 in dc knows for sure three months ago they thought all these numbers were going to be significantly

00:10:51.540 smaller and they were wrong oh by the way nike just announced they're laying off two percent of

00:10:58.600 their employees that's fifteen hundred uh jobs cut in a massive restructuring ej and tony the floor is

00:11:04.740 sure sir steve you know this is one of those cases where i really hate to say i told you so

00:11:11.120 because it's not good news this is fundamentally terrible as you said we're talking about republic

00:11:16.220 ending stuff right here but the cbo has finally admitted to what you and i discussed about a half

00:11:22.200 a year ago which is that the debt is becoming so big and servicing the debt is becoming such a problem

00:11:28.480 that we're actually going to hit a new record high not just in terms of how much we're spending

00:11:34.100 an interest on the debt but the size of those interest payments relative to the size of the

00:11:39.080 entire economy that's going to hit a new record high next year the cbo has finally admitted to that

00:11:44.840 but here's where the forecasts start to diverge whereas the cbo says interest rates are somehow

00:11:50.500 magically going to start going down and also inflation is magically going to go down and the flood of

00:11:56.660 immigrants across the southern border is not only going to continue but is somehow going to add 0.83

00:12:02.360 seven trillion dollars of economic value to the economy over the next 10 years and by the way

00:12:08.480 there's no recession in the forecast for the next 10 years so with all of these insanely rosy assumptions

00:12:14.240 you get the chart that you see before you right now as soon as you start taking out any of those

00:12:20.620 overly optimistic assumptions that the cbo makes it all falls apart and we go off the cliff very very

00:12:28.820 quickly so this idea that that's somehow uh what the cbo has laid out while it's bad it you know the

00:12:35.580 idea that it's realistic i'm sorry but i just don't buy it everything i mean just the stars have to align

00:12:41.340 absolutely perfectly this is a best case scenario and it is still terrible and then you have people

00:12:47.700 who say oh my goodness very soon uh interest is going to eclipse major categories like defense spending

00:12:53.740 it already has again this is something we talked about months ago except that you have people playing

00:12:59.800 these shell games where they start talking about gross interest on the debt and excuse me they're

00:13:05.840 talking about net interest when they should be talking about gross interest net interest is basically

00:13:10.960 a made-up category from the treasury where they essentially uh play with the numbers and they say

00:13:16.520 well let's subtract out any interest income that the treasury is receiving so if people are behind

00:13:22.400 on their taxes let's say an interest is accruing on those accounts they start subtracting it from the

00:13:27.300 interest on the debt the actual amount we spent to service the debt during the last fiscal year was

00:13:33.160 879 billion dollars but the treasury and the cbo recorded net interest as only 659 billion dollars in

00:13:43.040 other words they knocked off 220 billion so if you actually look at the true amount we're spending to

00:13:49.620 service the debt it is already larger than defense it's already larger than medicaid there are only

00:13:54.860 two line items in the entire treasury budget that are bigger right now it's the social security

00:14:00.220 administration and the department of health and human services everything else interest is already

00:14:05.940 bigger and it's getting worse and fast this is why it is so important that the true conservatives in

00:14:12.440 congress really put their foot down right now there is no more time for games there is no more time

00:14:18.160 to kick the can down the road we need real cuts we need them now if you're not going to make those

00:14:23.980 cuts then shut the government down you get your way in either of those cases either you get

00:14:29.160 substantial cuts and you pass a real budget or you don't pass a budget in which case the cuts are going

00:14:33.980 to happen because the government can't spend money that's not allocated ej just hang on for one second

00:14:40.600 we're going to bring you back we're going to have uh harnwell from rome cash is going to join us

00:14:45.340 we're going to tie this all together with where we are uh is strategically but the math is absolutely

00:14:52.560 horrible it's been reaffirmed by the uh print today on inflation short commercial break as we head toward

00:15:00.800 a presidential election in november one thing you can be sure of 2024 will be a tumultuous year like

00:15:07.460 no other how will your hard-earned savings fare during this year you're already seeing the impacts

00:15:13.680 of inflation at the pump the grocery store the dollar continues to lose buying power quicker than

00:15:19.280 your wages can increase how are you protecting your savings consider diversifying with gold from

00:15:26.580 birch gold group for decades gold has been the choice of investors and central banks to hedge against

00:15:33.400 inflation now you can own it in a tax sheltered ira with the help of birch gold just text bannon b-a-n-n-o-n

00:15:41.920 to nine eight nine eight nine and birch gold will send you a free info kit on gold they'll help you

00:15:48.060 convert an existing ira or 401k into an ira in gold and the best part you don't have to pay a penny out

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00:16:01.940 you can trust birch gold text bannon to nine eight nine eight nine eight to claim your free info kit

00:16:07.480 that's bannon to nine eight nine eight nine eight and secure your savings now take action text bannon

00:16:14.740 at nine eight nine eight nine eight action action action here's your host stephen k bannon

00:16:21.940 so how we're gonna we're gonna walk you through this both the the money side and then the spending

00:16:28.600 side the defense side all of it geopolitics put some ai in there too so you understand what they're

00:16:34.440 trying to do the the sidebar which is really what's driving it to a large degree on the side

00:16:39.020 and then we're going to finish with the politicians with eli crane and byron donnells um to talk about

00:16:44.820 and i think donnells you're seeing byron donnells step up and take a i think a leadership role i mean

00:16:50.080 he was the most forceful yesterday of saying um as maga and the republicans you can't possibly go along

00:16:57.800 with this let's put that chart up again for a second uh the chart for those in the radio and podcast

00:17:02.620 is the deficits from here to to for i think in the next 10 years there there's a red line across it

00:17:10.380 horizontal to which is the trillion dollar level you have trillion dollar you have over train almost

00:17:17.060 and i think these are going to be two trillion and our numbers have been right this year's two trillion

00:17:21.540 because of decreased tax revenues and more side pocket spending that when you actually count it up

00:17:27.600 that's republic ending this is why we keep telling you go to birchgold.com slash bannon this is why we

00:17:34.260 did the end of the dollar empire starting when biden and this regime took over we understood that they

00:17:41.220 were running the country and that wall street was going along with it and the establishment republicans

00:17:45.620 on this radical theory called modern monetary theory that when aoc and these people and this radical

00:17:52.760 french economist that wrote the book i think was called capital not marxist not das capital but but

00:17:59.340 but capital this book that came out a couple of years ago people laughed at it but they ain't laughing

00:18:04.720 now because this is how they've actually run it it's not just keynesian them it's an insane form

00:18:09.360 of keynesian macroeconomics and it's going to bring this country it's already bringing this country to its

00:18:15.400 knees and here's the thing inexorably you're going to be drawn and keep going this is the point

00:18:21.380 this is the point and of course you look you get nvidia and people go well steve stock markets are

00:18:27.120 fired it's the mag 7 driven just by the artificial intelligence part of it which much as that is just

00:18:33.700 hyped right now gary gensler who's no friend of maga actually said the ai washing in the stock markets

00:18:39.120 outrageous and the sec is going to step in there that's just hype and hysteria within nvidia and these

00:18:47.040 other companies it's like tesla back in those remember tesla was 1.6 trillion dollars i think

00:18:52.460 it peaked at 1.3 or 1.4 trillion dollars market capital it ain't there today folks

00:18:58.140 right there is reality and that's not going to stop this is why i go to burstgold.com slash band and talk

00:19:07.420 to philip patrick philip's going to join us for a half hour tomorrow in the morning show to go through

00:19:11.400 this in addition but this print today shows you and this is remember remember the head of the

00:19:18.100 federal reserve and the secretary of treasury in the first week of december told you the exact

00:19:21.980 opposite here in the war room we had ej and tony we had dave bratt we have uh dr peter navarro

00:19:29.920 and we sat there and said no this is wrong this is all about stopping trump that what they're doing

00:19:34.760 is joining forces to stop trump they will do anything they will pump any money they will go to any pool

00:19:39.520 of capital that they have scott besson came on and said look it was the treasury general accounts

00:19:45.620 that pool of cash that she kind of has on the side right now they're propping up the commercial 1.00

00:19:50.020 banks this is the way that with the with the commercial real estate not the commercial but

00:19:54.760 the community banks with our regional banks with the with the commercial real estate in the cities

00:19:59.100 where it is because the cities are turned to hell holes uh hello new york city chicago los angeles san

00:20:06.780 francisco that the regional banks that have most of the of the um the uh commercial real estate loans

00:20:13.580 on their books not the money center banks the regional banks are also being propped up by treasurer

00:20:19.080 right now and that facility i think ej is supposed to end in 60 days david sacks no friend of war room

00:20:25.460 and the guy in back of the silicon valley bank bailout but a very smart guy kind of elon musk wingman

00:20:31.900 he's been banging the drum on this thing forever saying hey that facility runs out in 60 days

00:20:37.020 you're going to have collapse of the regional banks unless you guess what guess what have another

00:20:42.540 bailout a behind the scenes bailout by fiat currency being pumped in the system don't believe me you

00:20:49.020 don't need to believe steve bannon you don't need to believe ej and tony or peter navarro or dave brad

00:20:53.580 or all because all the great guys that's just a war room crazy talk look at the wall street journal

00:20:58.060 today they finally uh you know this interest rate thing could capture the defense dude we said that

00:21:02.220 over a year ago we told you all of this over a year ago look at that chart that chart is reality

00:21:09.580 and that chart is republican when you look at that chart and you look at those kids run around in in

00:21:15.940 the backyard you know playing understand that their life is going to be very different than how

00:21:22.140 you were raised because it is over it is over and the responsible institutions you're betters 0.97

00:21:31.020 because remember you're nothing but a bunch of domestic terrorists christian nationalists breathe 0.98

00:21:36.060 through your mouth you're dangerous you're dangerous and look at what they've done to this country but 0.99

00:21:41.020 you're dangerous oh by the way and ej and tony brings up the says the quiet part out loud where uh where 0.53

00:21:49.740 pal saying the other day on 60 minutes oh yeah well really the way even the inflation came down a bit

00:21:55.340 was the illegal alien labor drove the labor costs down because you know why african-american low-skilled 0.95

00:22:03.500 workers and hispanic low-skilled workers their wages were the problem that was the problem thank you 1.00

00:22:08.700 i'm glad we solved for that part of the equation screw you you just crushed them you crushed them you know 0.59

00:22:15.740 why because they're powerless you know why they're powerless because they've let the democratic party

00:22:21.740 talk them into voting for them their own destruction their own economic destruction

00:22:27.820 but here's the beauty of it as ej said you think those numbers are bad the way they've baked these

00:22:33.260 numbers you go and by the way don bacon the genius don bacon and these guys they put up a new bill today

00:22:39.740 they they stripped their 60 only 66 not 95 billion 66 billion to go to ukraine 66 billion you go to

00:22:46.460 ukraine israel everything but they they've got some border provisions on it no deportations and here's

00:22:51.900 why those numbers you see the cbo has now just gone and taken the 10 million illegal alien invaders 0.80

00:23:00.700 and they've actually baked them into the equation if you think these people are going home

00:23:05.340 unless trump returns and you have his back are you kidding me wall street the federal reserve

00:23:13.020 the treasury and congress the congressional budget office are already planning and have it baked into

00:23:18.620 the system that math the cbo guys make sense yeah by the way some assumptions you know 10 million

00:23:24.460 immigrants here and they drive down costs and labor force but their consumers all of it consumed they 1.00

00:23:29.740 of course they don't count the money they're sending back to mexico the trains of dollars

00:23:33.660 it's in the system hey folks you got played african americans and hispanic citizens that somehow 0.92

00:23:42.140 didn't vote for trump in 2020 suck on that they are crushing you that's part of their program is to 0.98

00:23:50.140 destroy you destroy you on your back they built this model the 10 million not only don't get deported 0.98

00:23:58.380 they're gonna make the argument you can't do that it's a central part of lowering wages

00:24:03.580 and driving consumer spending because they spend every dollar that they get you have to do it you

00:24:10.060 have to do it this is where we are in modern america and of course they say it different ways i mean

00:24:17.580 this is why we have navarro and ej and tony and dave bratt and myself and others can sit there and pull

00:24:21.820 this together and say oh and in the great rick santelli who called him out today

00:24:26.700 santelli's still the best he's still the he's maga he's the best he called them all out there

00:24:31.740 all talking big talk he called him right out

00:24:36.620 that chart and thank the brother over heritage to put together just very simple is republic ending

00:24:44.860 and they're gonna say no no steve his percentage of this percentage no no you can already tell

00:24:50.540 when you look at that credit card bill every month when you look at that car loan when you look at

00:24:55.100 that mortgage payment we look at the second mortgage payment we look at all of it it not just the fed

00:24:59.660 anymore it's kind of gotten even out of their hands because as ej and tony told you six or eight months

00:25:05.820 ago hey steve we got to refinance a third of this every year and janet yellen's not going to be selling

00:25:12.380 tens and thirties because nobody wants to buy them right and they can't jack that up and nobody's going to

00:25:17.580 buy them so she's just going to do short term she's going to do notes and bills and whatever 1.00

00:25:21.260 she do short term to keep biden propped up keep everything's propping up biden right not not just

00:25:28.780 that he's demented and in the report says he's too he's got too much dementia to stand trial but

00:25:34.060 he's fine to be commander in chief of the united states how does that work not that kamala harris had 1.00

00:25:38.620 her big coming out party this morning over in munich of everywhere she announced her presidential run 0.95

00:25:43.260 in munich does that make you feel good with the globalist she she takes this she takes a center

00:25:47.820 stage today and tells you how it's going to be she takes center stage and tells you how it's going to

00:25:53.260 be but there you see it right there the fix is definitely in and it's on your back and it's not

00:26:01.260 going to get better because as ej and tony told you they gotta they gotta churn this a third of this

00:26:06.620 and it only gets bigger look at you see that blue line every year that gets added to the face amount

00:26:11.020 that's how you get to and this is why kane was so brilliant the other day kane took the dead clock

00:26:16.860 and put it forward four or five years and it shows you in the current math as it's actually running on

00:26:22.460 the on the alga on the they got there it's much bigger than what they're telling you oh it's gonna

00:26:26.700 be fifty trillion dollars in ten years yo in five years we're going off the cliff and we're going off

00:26:33.340 the cliff with the freaking pedal right down to the floor repeat that with the pedal to the floor and

00:26:39.500 anybody anybody that sits there and goes we have to stop this now we have to have this fight now we 0.68

00:26:48.060 have to get this in front of the american people now don't believe me look at jake sherman's punch

00:26:53.340 bowl he tells you the appropriators the cardinals are telling donalds and and and and gossar and biggs 1.00

00:27:01.020 and gates and eli crane you guys are idiots you're idiotic if we have a if we have a shutdown of 15 1.00

00:27:06.780 percent of the government caitlin collins and abby phillip and and morning mika they're going to say 1.00

00:27:11.980 bad things about us and they're going to have people at the war the war monument down there that 0.98

00:27:17.260 can't get in it's going to be terrible and we're going to get hammered you people are gutless clowns 0.92

00:27:23.020 because this nation is being destroyed before our eyes and it is wall street and silicon valley and 0.96

00:27:29.020 these hack uniparty politicians that are doing it and the only people that are standing up for it are

00:27:35.660 maga and this ladies and gentlemen is why they hate you and this is why they are out to destroy your 1.00

00:27:43.020 champion donald j trump make sure you go to birch gold more than ever don't believe me don't think you

00:27:50.620 need a hedge look at that chart call it birchgold.com talk to philip packer and theme ej is going to stick

00:27:56.940 with me for a second kind of took all his air time last one i got cash we had harnwell joe allen

00:28:02.860 everybody in the war room back in a moment

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00:30:01.900 war room here's your host stephen k bannon

00:30:05.900 this is why we need everybody at cpac cpac is uh it's going to be the war against globalism

00:30:13.500 cpac.org slash war room it's 95 bucks we got a special deal for the war room posse 95 bucks we're

00:30:18.940 also on wednesday going to have force multiplier academy you get a free lunch it's going to be from

00:30:24.220 basically one o'clock to like four four thirty two we have to get ready for the afternoon show

00:30:28.940 we're gonna have a ton of our people there to not just meet you but get you into the into the mode of

00:30:35.020 having a great cpac what's going to happen but also to talk about going forward the whole thing is

00:30:39.980 firing off the football here i think i haven't officially announced it but i think they will

00:30:44.060 i'm giving the closing keynote address on saturday afternoon the president will speak saturday earlier

00:30:50.460 but there'll be other uh speakers after the president and i think i'm going to wrap this thing up

00:30:55.660 um also if i can get to sign off by um matt schlapper and talk about the vice presidents uh what's

00:31:01.420 going to happen with vps a lot of the vp candidates are going to be there 95 ticket get today also the

00:31:07.340 force multiple academy get to grace grace is going to tell me oh go to worm.org grace i think if you

00:31:13.420 can tell uh our producer here the the infamous cameron uh what's going on i think it's war room.org you've

00:31:19.740 got to sign up there for wednesday we want to get a head count we only get room for 200 uh but we're

00:31:24.860 serving you a lunch so hey anyway you get a free lunch a lot going on want to see at cpac uh ej and

00:31:31.500 tony your closing thoughts you've been amazing in fact i want to send you is it is it dirch or ditch i

00:31:36.540 want to send you two guys back into the whatever room kevin roberts has got over at heritage i want

00:31:41.020 to put you guys back in and keep cranking numbers in the in the down in the heritage skiff absolutely

00:31:46.940 you know steve i think one thing that we want to we want to keep in mind here you know and it flies in

00:31:52.060 the face of a lot of these cbo assumptions is the fact that these interest rates that we're

00:31:56.780 currently seeing on treasuries are going to go up they have to because we have just under 500

00:32:03.500 billion dollars of cash on the sidelines right now and the only reason it's being kept on the

00:32:08.140 sidelines is because the fed is paying interest at over five percent for banks to keep it there so

00:32:14.620 the only way banks are going to shift from lending all that money to the fed to lending it towards the

00:32:19.420 treasury is if the treasury is offering a higher rate because the fed gives them flexibility they're

00:32:24.780 only lending it for 24 hours the treasury is asking to tie it up for a minimum of four weeks at a time

00:32:30.780 and obviously all the way up to 30 years so there we're going to see these rates go up on treasuries

00:32:35.340 which means the borrowing costs on the debt are going up even more which means also the deficit is

00:32:40.860 going to be worse so it just underlines how how bad this situation is

00:32:44.860 hang on hang on i i i want to hit rewind to give it a minute ladies and gentlemen

00:32:50.940 ej and tony is about to give you super inside baseball about how the system actually works

00:32:57.260 okay and this is what they're doing to keep rates down explain the overnight what they're doing because

00:33:02.940 right now she remember we told you jim carl carville used to say if i came back when he comes back

00:33:09.180 for his another life uh he wants to come back as the bond market because bob rubin ran uh the the

00:33:14.700 clinton administration and the reason they had a pretty good economic run there he ran it for the

00:33:18.380 10 year to focus on the 10-year bond as we've told you before the 10-year treasury is what sets the

00:33:23.900 interest rate for so much others right now janet yellen ain't selling tens and thirties right number

00:33:30.540 one nobody wants to buy them because they're so petrified they see that chart they had the

00:33:35.980 bricks nations remember the other guys trying to get away from the dollar they're running the

00:33:39.420 numbers they see that same chart in fact i think their internal charts probably worse because they

00:33:43.580 say the united states is going to spend much tax revenue is going to be less they're going to spend

00:33:47.820 much more it's going to be a fiasco but how does what's the scam right now how does she keep it down 1.00

00:33:53.180 talk about the 24 verses and now they're on 30 when i say bills and notes she's doing 30s 90s 1.00

00:33:59.900 they're they're financing this as short-term as they have to but those rates are eventually going to pop

00:34:04.060 tell me how tell me how she holds it down right now give me a minute on that well steve what they're

00:34:08.780 what they're trying to do both the treasury and the fed are essentially working together are colluding

00:34:13.500 on this is they're trying to engage in yield curve control meaning they're trying to keep down the

00:34:18.700 interest rates on on those bonds the longer term debt and so they're allowing the interest rate on

00:34:24.140 the short-term debt to go up faster and the reason they're trying to do this is because they're

00:34:28.700 petrified of letting those 20 and 30 year bonds get you know five or six or even seven percent

00:34:34.780 interest which is where they should be right now and so even as the trade even as the the treasury is

00:34:40.300 issuing all of this short-term debt what is the fed selling they're not selling off those those long-term

00:34:45.500 securities they're mostly selling off the short-term securities so that's how they're working together

00:34:50.380 but where they're at loggerheads is the fact that the fed has been sterilizing two and a half trillion

00:34:56.220 dollars of cash in other words they created all this money for the treasury to spend but then they

00:35:01.020 paid banks to just keep it locked in the vault that has been coming down but to get that last half a

00:35:06.860 trillion dollars or so out and back into the market so the treasury can borrow it the treasury is going

00:35:11.820 to have to offer a higher interest rate than the fed does right also this is the whole thing about that

00:35:17.740 thing with the regional banks they're propping them up with this another facility oh by the way the

00:35:22.060 facility buys treasuries but that's for another day it's a con ladies and gentlemen you're being

00:35:28.140 you're being screwed and you're paying for it that's why you're kind of the protagonist in this greek 0.95

00:35:33.100 tragedy right because you're the you're the decent person you're the good householder right which is the 0.98

00:35:38.300 foundation of any civilization but the good householder here literally gets screwed every second of every

00:35:44.700 day ej and tony where do people get you where do people find you best place to find me is on x the

00:35:50.620 handle there is at real ej and tony

00:35:55.420 ej thank you thank you for running the numbers fantastic job let me play i want to play kamala's

00:35:59.900 coming out party kamala kamala kamala's on the international stage today they they don't have

00:36:05.580 joe biden responding to this they got kamala harris uh cash in the horn we're gonna join us let's let it rip

00:36:13.020 i believe it is in the fundamental interest of the american people for the united states to fulfill

00:36:21.020 our long-standing role of global leadership as president biden and i have made clear over the past

00:36:28.700 three years we are committed to pursue global engagement to uphold international rules and norms to

00:36:39.180 defend democratic values at home and abroad and to work with our allies and partners in pursuit of shared

00:36:50.060 goals as i travel throughout my country and the world it is clear to me this approach makes america strong

00:37:03.420 and it keeps americans safe

00:37:09.740 however there are some in the united states who disagree

00:37:16.780 hang on maybe i should let that run out anyway we're the ones that disagree um

00:37:23.100 i'll hold it right there because i'm gonna come back to in a second cash okay

00:37:27.180 you think you got a bad problem here with the numbers you think you got a bad problem with the

00:37:31.820 math she that's that's your leader that's your leader of the free world right there that's her in 0.98

00:37:39.980 front of the world's nations and this is this is this is what biden the reason they can't get rid of

00:37:46.540 biden when he doesn't want to go and there's no mechanism to do it the other that's the cover

00:37:50.060 bid you're seeing the the democratic cover bid is right there kamala and she's striking fear in the

00:37:57.580 heart she's giving you know people are so confident after this talk and her her presence her her

00:38:02.060 brilliance her understanding her grip on things cash patel in the kremlin the kgb the kgb sent a uh

00:38:09.660 sent a love note to the munich conference this morning as they i don't know assassinated him or

00:38:15.420 walking him out walked uh putin's biggest critic around for uh for a a long walk in the prison yard

00:38:21.500 in 50 miles north of the arctic right they said that was there's no coincidences that was that was

00:38:27.420 a shot across about the munich crowd sir it's good to be with you steve look when you imprison your

00:38:33.980 political opponents and they die after you put them in the polar north wolf complex basically equivalent

00:38:40.780 of uh imprisoning someone in siberia um you're sending a clear message it's ironic that the the

00:38:47.420 united states of america is now imprisoning its political opponents and complaining about vladimir

00:38:53.580 putin's actions uh when it comes to navalny now there's no excuse that legitimizes navalny's death

00:38:59.660 but i'm sure his deteriorating health and the fact that he was poisoned in 2020 also led to his

00:39:05.500 immediate decline while being imprisoned where the snow is you know 50 feet high and the temperatures

00:39:11.580 are minus 20 on every day yeah no one the the kgb are gangsters i mean this is like a mafia

00:39:20.620 run the place they're they're not they're not good guys at all just like the ccp are not good guys in 1.00

00:39:25.260 fact we took our two best allies the russian people and the chinese people laobai jing and we kind of

00:39:32.060 toss them to the wolves and this is what you get uh walk me through though you got a turner i got

00:39:37.980 to get to turner because he had your boss's old job what he tried to do to hype this they're all

00:39:42.300 about this ukraine situation they're obsessed with this money for ukraine and now they're going to come

00:39:46.780 with every different kind of package this package and on the border it's got like three things on the

00:39:51.260 border they're all optics all fig leaves trying to push it what's the obsession what's the obsession

00:39:56.700 with ukraine why is turner uh hyping things and should he be fired andy biggs was on here yesterday

00:40:02.380 said he should be uh removed by johnson immediately sir well there's a couple of points to this yeah

00:40:07.660 look it's my old committee the house intelligence committee and they have a duty to inform the public

00:40:12.300 of intelligence threats that the administration is not executing on and i don't know the intelligence

00:40:17.260 because i'm not there anymore so the one thing that the biden administration should do if they're

00:40:21.660 saying the threat has been neutralized and does not exist anymore and it's not that quote unquote

00:40:26.540 classified is released the documentation also turner as chairman of the intelligence committee

00:40:31.820 has it within himself under the law to declassify and release this information which the american

00:40:37.660 public now has risen to a point that justifies public dissemination so we can take as you hinted

00:40:43.900 appropriate action steve i don't know what that appropriate action is yet but i do know one thing

00:40:48.300 about the ukraine as your audience knows well they are backed by the defense industrial complex

00:40:55.420 because they want more and more billions to be poured in over there because they own most of

00:41:00.060 the people in congress and we need to know if this is tied to that based on past conduct i understand

00:41:05.900 the inference that this is the reasoning he made that statement but what i want is the intelligence

00:41:10.940 declassified that posed such a grave threat but the white house is coming in saying not really this

00:41:16.620 white house who i don't trust with any piece of our national security saying that the threat has been

00:41:21.580 neutralized my question to the white house is why haven't you declassified this information if you

00:41:27.420 the white house is in the right and you the white house is victorious in celebrating the defense of this 0.94

00:41:31.820 country um you mentioned something at the beginning about what the kgb does in in in russia and compared

00:41:40.300 to what the government gangsters are doing here against president trump do you think that's a good analogy

00:41:45.260 it's a reality that the the department of justice here and the weaponized intelligence community as

00:41:52.460 we've been learning yet again about russiagate this week and the political charges brought against trump

00:41:58.300 and trump world associates are exactly what is happening in russia and the hypocrisy is that these

00:42:04.940 people like kamala harris and the left-wing media are complaining that the us or excuse me that russia

00:42:11.020 is imprisoning its political opponents when they see it happen every single day here in the united

00:42:16.380 states of america and they cheer it on because it serves their political agenda it's almost as if the

00:42:22.460 actions in russia aren't an analogy to it they are exactly what's happening here thankfully no one's dying

00:42:28.860 that's the difference and of course vladimir putin has a stronghold on russia unlike joe biden in

00:42:35.020 the united states of america talk to me i want to talk go back to taibbi and uh and and the situation

00:42:42.220 with trump's associates walk me through that yeah look steve as we reported when devin newness and i

00:42:47.820 did the russiagate investigation trump associates were targeted specifically by the intelligence

00:42:53.820 community and law enforcement agencies that reporting was expanded uh with this new uh media reporting this

00:43:00.620 week from taibbi and schellenberger and i'm glad everyone's talking about it but what i want to

00:43:05.260 remind everybody is it's not news that hillary clinton was the preferred uh candidate by the

00:43:11.980 russians that is in our investigative report and findings from six years ago and it's not news that the

00:43:19.020 weaponized community of intelligence the fbi doj the cia and nsa utilized it to target trump associates i'm

00:43:25.740 glad the numbers are coming out something we were bootstrapped in printing back then because of the

00:43:30.220 the classified information and most importantly we need to clarify and not conflate the binder in

00:43:38.300 question we produced a binder of documentation related to russiagate materials at the end of the

00:43:43.740 trump presidency which donald trump declassified he didn't yeah go ahead cash hang on for one second

00:43:51.420 we've got about 10 seconds i want to hold you through the break cash patel joins us on the other

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00:44:34.140 makeup companies like maybelline making a mockery of women by supporting transgender models and beer 0.64

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00:46:04.300 um you know how we can fire off the football so early a couple things to do early in the morning

00:46:16.140 one of them is warpath coffee the dark roast you guys know this is my baby warpath.coffee

00:46:22.540 slash room go to war room the promo codes you got to get the discounts but this is the dark roast

00:46:27.500 this is my pride and joy uh mariner's blend we've taken the acid kind of taste out of the acid kickback

00:46:35.180 and dark roast i think you'll enjoy this but they got every other roast too tage gill and the team

00:46:39.740 of navy so just go there immerse yourself in information the site is great the product offering is great

00:46:44.700 warpath.coffee slash war room to get that discount cash patel is actually going to speak at c-pack main

00:46:52.700 stage friday morning i think around 9 30 cash i want you to finish you're going to be back here a lot

00:47:00.300 obviously uh big announcements on government gangsters also during c-pack this is why you got

00:47:06.380 to go c-pack.org slash rom get the 95 ticket also go to war room.org under events under events

00:47:14.940 the events tab hit it you come and get a free lunch with us on wednesday for the force multiplier academy

00:47:23.420 you're gonna you're gonna love it we get to hang out you get to meet everybody we talk about the

00:47:27.420 plan going forward and particularly how you can make c-pack a networking event for yourself and

00:47:32.300 really come out of there with uh you know on on offense cash one more time i just want to go because

00:47:39.020 this thing is my taibi has broken the story and i realized people said well a lot of that's been out

00:47:43.020 there it has been but it ain't a scoop until you treat it like a scoop he's done a great job of

00:47:47.100 a reportage here uh talk to me about your thoughts about it a hundred percent and look gina haspel 1.00

00:47:53.740 government gangsters we're going to get right back to this remember this binder that president

00:47:58.460 donald trump declassified is sitting at the department of justice because nara dropped it

00:48:04.300 off and left it there that's where it is separate and apart from that is remember brennan's ica

00:48:10.780 boondoggle intelligence rig job that was done in three weeks well the nunez team did the equivalent

00:48:17.100 of the nunez memo on brennan's ica that 17 page document sits in a lockbox at cia do you know who

00:48:25.340 has blocked its release for four years gina haspel why is her name so important gina haspel was london

00:48:32.780 station chief in 2016 when the russiagate investigation was launched why is that important

00:48:38.620 because when brennan launched the intelligence community to target donald trump assets overseas

00:48:43.660 and elsewhere in the united kingdom gina haspel was the number one dni rep meaning she had to 1.00

00:48:49.340 authorize any offensive operations for law enforcement on the ic on the ground per the law

00:48:55.340 gina haspel helped launch russiagate gina haspel prevented the release of the nunez version 1.00

00:49:01.740 on the ica report where we put 2 000 man hours on it 17 pages which we tried to declassify and she

00:49:08.220 blocked in the trump administration and do you know where gina haspel now works as the national 1.00

00:49:13.020 security advisor to chris ray's law firm where rod rosenstein is a named partner and so is sally yates

00:49:19.180 do you think these government gangsters are just hanging out coincidence stop hold it hold it

00:49:26.060 ray's law firm his old law firm has gina haspel the national security advisor who are the two

00:49:31.660 other partners there rod rosenstein who signed the fraudulent fisa warrant against the trump

00:49:36.780 campaign that was later rescinded as a result of our investigation and sally yates the former

00:49:42.300 attorney general that went after donald trump and weaponized justice they are all working together

00:49:47.340 making tens of millions of dollars the question is why hasn't anyone called gina haspel to testify

00:49:52.300 and get her documents she's the one yates is the one who got mike flynn she got mike flynn scalp

00:49:58.700 it was all sally yates okay uh cash where do we go to get all your touch points before we see you

00:50:04.460 next week at cpac can't wait for cpac 9 30 a.m big announcement with the war room be there in person

00:50:09.980 and then um at cash at ksh on truth social i'll be fired away all weekend and get the book government

00:50:15.580 gangsters i'm telling you you're going to want to read this thing and you want to give 10 away to your

00:50:19.740 friends bannon and i got a monster announcement coming we are going to light the dc swamp on fire

00:50:25.020 next week on fire cash but there's only cash you do cash thank you so much thanks brother appreciate

00:50:32.460 it appreciate you wow the show's been on fire this morning second hour is going to be even more

00:50:40.060 intense we're going to ratchet up we got eli crane and we got byron donalds byron donalds jake

00:50:45.500 sherman's reporting throwing down i think we're starting to start duking guys out you're seeing this

00:50:49.020 conference saying hey we're going to stop this madness we're going to stop it now mike lindell

00:50:54.220 mike are you still at mar-a-lago are you back to reality i'm i'm here for another couple hours steve

00:51:01.580 and uh it's been a great week i i do want to bring something up though that our great real

00:51:06.700 president is going to get behind we're now in the middle of a big recall on robin voss the horrible

00:51:11.980 rhino in wisconsin and he told me he's going to get all behind this if if you if the war room posse if

00:51:18.460 anybody out there knows anybody in racine county wisconsin have them sign the petition uh we need

00:51:26.060 about six thousand five hundred signatures we're well on our way everybody's signing remember he's

00:51:31.500 got the lowest rating i believe it's ten percent rating of any politician in the country one of the

00:51:37.260 worst denver if you can put if you can put that i think we got that up you just put it up for us if

00:51:43.420 you got i think i just saw it right there go ahead and play just put it up yeah it's just a graphic

00:51:49.020 just put it up uh this is the robin voss recall all the all the information um grace and mo if you

00:51:56.700 can put that out in carly over uh over at uh midnight rider and of course our own elizabeth at our

00:52:03.340 telegram just put it up and get it out when everybody particularly in racine county wisconsin

00:52:08.860 mike we'll drive this more today and uh and obviously tomorrow uh what do you got for us

00:52:14.700 particularly on the 800 number yeah you got you got something yeah yeah this is the thing we have

00:52:18.860 up put up now too they uh uh you guys we to support my workers the war um the war room posse has been

00:52:26.780 so amazing that we're going to do a call-in special any order you order today you not only get free shipping

00:52:33.020 but you're going to get a free copy of my autograph book i'll autograph it and uh it's free i'm heading

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00:52:43.820 call in orders only and and there it is free shipping on your entire order remember we have

00:52:49.500 all the the my pillow mattress toppers we're running that free real president's day special

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00:53:06.540 got the end the end in that book too if you order from my store.com i'm going to give a free autograph

00:53:11.340 copy there for the war room posse if you uh if you do a call in there's the my pillow 2.0 29.98 for

00:53:17.900 the queen size five dollars more for the king that's now an exclusive war room special most of these

00:53:23.900 specials are not out there anywhere except for the war room posse you guys have had our back my

00:53:28.780 employees are so grateful because we're able to i'm i'm able to go out and do things like

00:53:34.220 recall robin voss and get rid of these these blockers in our country that block us every at

00:53:39.740 every turn to secure our election platforms and uh you can learn all about that at lyndale plan.com also

00:53:48.060 mike if you just hang on i want to talk to you about the real president in a second because i know you

00:53:52.140 spent a lot of time with him this week and today's a very big day for president trump short break 90 seconds

00:53:57.180 for back

00:54:04.380 the apples in your holiday pie taste amazing but it's not exactly the recommended five servings

00:54:09.740 of fruits and vegetables the mayo clinic says if you want to help prevent heart disease lower blood

00:54:16.220 pressure and your cholesterol eat five servings of fruits and vegetables every day which as you know

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Bannon's War Room - February 16, 2024

Episode 3396： Death Of Navaldi; Positioning Kamala For Leadership

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