Dave Brat joins me to talk about how the Federal Reserve held the line against Trump and why they should have done the same. We also talk about why the Fed has been a disaster for the past 20 years and why it needs to be reformed.
00:00:32.420He wants to be remembered in history as, like, as somebody who held the line against, like, Trump and, like, somebody who, like, helped the economy.
00:00:41.280So he wants to preserve his legacy as someone.
00:00:45.800Even though he's Republican on paper, Democrats don't love him.
00:00:50.940Like, under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality,
00:00:59.540as part of the mandate, as part of the things we're calling it, think about climate change.
00:01:03.760Arel Hizmo says, quote, people think conservatives are dumb and that the, quote, Federal Reserve would discriminate against those conservatives,
00:01:46.340He's got VIPs in an anteroom waiting to come into the throne and do homage.
00:01:52.440Dave, first off, hit right there, Powell, the principal economist, one of the principal economists from the real estate group over at the Fed, caught on tape.
00:02:03.640Your thoughts about he held the line against Trump.
00:02:07.900Yeah, well, it's the performance of the Fed.
00:02:11.040You know, they've ruined our economy for the past two decades.
00:02:59.280But Larry Summers has a new paper out last month, and I'll just tease it right here.
00:03:05.240The inflation rate, once you include the full cost of housing and car and the interest expense of the new interest rates at the highs, was not 9% or 10%.
00:03:56.080A grassroots movement over the debt deal.
00:03:58.440Over the very deal that is so totally irresponsible.
00:04:01.740You've got these grassroots people sitting there going, no, if you vote for this type of spending and the unlimited deficits for these couple of years, you're out.
00:04:10.640And that's what eventually drove him out of office.
00:04:12.620That's the working class and middle class saying, hey, we understand what you're doing is going to destroy us, right?
00:04:19.600So that shows you the Trump movement is actually holding the line for price stability.
00:05:09.320It's pretty insulting to have Mike Turner say that the opposition to what they're trying to push on both FISA and on Ukraine is because the deep state says, oh, we're suckers.
00:05:19.720We're rubes for Russian KGB intelligence.
00:08:12.840Also, this Saturday, we're doing a special.
00:08:17.480We've worked together kind of as a preamble to President Trump, the trial that looks like it's going to start next week, unless any President Trump's emotions are picked up in the next couple of days.
00:08:30.620And I've got – we're going to do Kennedy, Nixon, and President Trump.
00:08:34.560Mike Davis is going to help me with President Trump.
00:08:37.040Jerome Corsi is going to be there talking about his new book, Final Analysis, about the Kennedy assassination, but really about the coup aspect of it.
00:08:44.160Richard Nixon is going to be very different.
00:08:45.520There's a bunch of famous books out there about coup d'etat and things about Nixon, about CIA.
00:08:49.780This is taking a very different look at Jeff Shepard's an expert.
00:08:52.640He was actually in the White House at the time.
00:08:57.480We're going to talk about the federal judiciary, the Department of Justice, and the congressional staffs of how they worked in unison against, by the way, the rule of law to drive Nixon from the White House.
00:09:11.040You're going to find that quite fascinating because I think it foreshadows a lot of what's going on here with President Trump.
00:09:16.660And you'll be pretty shocked about what happened.
00:09:20.940And this is all documented empirical evidence from Jeff Shepard, who's written a couple of books about this over the last 30 or 40 years.
00:09:37.840We've got a couple of special correspondents.
00:09:40.420We will announce tomorrow to give you just cutting-edge coverage.
00:09:44.040If it does start on Monday, and like I said right now, it looks like it will be an extraordinary event that is going to have a major impact on the election.
00:09:55.000And we think it could have a positive impact on the election if it is handled properly.
00:11:31.460Okay, you've got to help me out here because I'm confused.
00:11:34.220When we talked the other day, you did a very good explanation of some of the special forces activity, particularly around the hospital and how Israeli special forces.
00:11:43.420And at the time, there was a tactical retreat from Gaza.
00:11:47.520At least it was talking about IDF senior officials, senior military officials were talking about focusing more on special operators to take care of guests of the worst of at least what they said four battalions of Hamas fighters in southern Gaza
00:12:01.940and then another two in Judea, Samaria.
00:12:04.780Then afterwards, Bibi came out and said, no, we're going back.
00:12:28.100So where are we right now in the Gaza war?
00:12:31.940So as of last week, Israel pulled its ground forces out of southern Gaza, where they had been around the city of Han Yunus and the city of Rafa.
00:13:45.640His sons were apparently part of the Hamas military operation in Gaza, and they were taken out in an airstrike yesterday.
00:13:54.320So Israel continues to conduct these limited targeted strikes in various parts of the Gaza Strip while they prepare for what they say would be the final assault on the remaining four Hamas battalions in Rafa.
00:14:12.320I want to get into more detail on that.
00:14:13.840I also want to drill down – you had a statement the other day that went viral on the show when you said, hey, the Palestinians are not – there's no two-state solution.
00:14:21.860What they want to do is tear down the state of Israel.
00:14:24.600There's no plan to build anything back.
00:14:26.620So I want to drill down on all that with you.
00:14:28.440Joel Pollack, senior editor at large at Breitbart News, joins us live from Jerusalem.
00:14:33.380We're going to take a short commercial break.
00:14:34.660I guess today you can see on everything we talked about, the turbulence in the house that you fought so hard to remove McCarthy and to make sure that we had more MAGA leadership.
00:14:46.420It right now looks like FISA, they're going to try to jam something on that, not to your liking, tomorrow.
00:14:52.320The so-called financial experts thought we were in the clear.
00:15:02.920They were anticipating around six rate cuts by the Fed this year, and then the inflation data came out higher than expected.
00:16:14.060Speaker Johnson is also going to be in Mar-a-Lago tomorrow to talk election integrity.
00:16:17.640We'll be covering that also at this election integrity conferences or gathering down with President Trump to make sure you're on top of things.
00:16:25.960Look, everything we're talking about today doesn't actually sit there.
00:16:28.540You know, the one part of stability is you.
00:16:32.960That's where the book, Finish Where We Started, you see it, particularly where you've come from, what you fought for, and the results.
00:16:39.120It's far from perfect, as we can admit, particularly when we see what could happen with FISA in the next couple of days and what's happening with the Ukraine situation.
00:16:47.580But make sure you go to birchgold.com for 8,000 years of man's history.
00:16:58.220We're going to walk through different aspects of the macroeconomics around gold.
00:17:02.860Make sure you go to birchgold.com slash band to get all of the information.
00:17:06.960We're also coming out, and I will launch, I think, in the next 24 hours, the fifth installment, free installment of End of the Dollar Empire.
00:17:14.440This will be about the central bank digital currency from the Federal Reserve, and we'll compare and contrast the central banks of the BRICS nations, the Global South.
00:17:22.640And they've been buying gold at record rates now, 22, 23, and now in 24, January, starting off at another big rise.
00:17:29.720Gold at, what, 2360 this morning or something.
00:17:32.680Every couple of days gets a new – sets a new base for a high.
00:17:39.540Warpath Coffee, the Navy SEALs over Tej Gill and the team.
00:19:43.040They wouldn't simply shoot a reaction video of their political leader not knowing what he might say or do.
00:19:49.320But, of course, you see him respond very calmly, saying that this is a great sacrifice for the cause, for Allah, for all of that.
00:19:57.040And in a way, even though the video shows and proves, confirms that Israel did get his three sons, which shows Israel can reach these leaders.
00:20:07.640In a way, I think Hamas is able to use this video and this event to its advantage as well, because this is a guy who lives in luxurious exile in Doha, in Qatar.
00:20:18.520He's worth $4 billion, but now he can say, look, I'm suffering along with the rest of you.
00:20:24.240I lost members of my own family in the struggle against the great Satan and the little Satan.
00:20:29.980And that's what they're doing with this.
00:20:32.320They're using it for maximum propaganda effort.
00:20:34.520But it definitely is going to be on their minds that Israel can get to them wherever they are.
00:20:40.360Right now, Israel is offering Hamas leaders kind of amnesty if they do a hostage deal.
00:20:45.680But early in the war, people forget this now, but early in the war, Israel's defense minister said that any Hamas leader is fair game overseas.
00:20:54.960OK, but hang over a second. I'm confused again.
00:21:00.240Gaza, you look there and that's not exactly Beverly Hills, right?
00:21:04.200It looks like a lot of power, even before the war started, a lot of poverty.
00:21:08.040You look at the GDP, you look at every type of living standard of the people in Gaza, the Palestinians, not the best.
00:22:19.220Let's not take this war or the events of the war.
00:22:22.000The United States essentially underwrites the situation in Gaza, the day-to-day in Gaza.
00:22:28.020I think the Saudis throw in, I think, an equal amount, a couple of billion dollars a year.
00:22:32.420How do we have a situation where the American taxpayer is paying for something that we now find out you've got guys worth $4 billion that are running the deal and don't live there?
00:22:41.400They're living in luxury in the Gulf Emirates.
00:22:45.300At the same time, we now find out tunnels into Israel.
00:22:48.700There's, you know, you're talking 21 combat battalions or brigades.
00:22:53.800We're now down to four and then two in Judea, Samaria.
00:22:57.320How did that all happen in broad daylight?
00:22:59.280I mean, I think the American people are sitting there going, hey, we know we've got a war now, but this war just didn't come out of nowhere.
00:23:13.940How did this happen to evolve like this?
00:23:17.820Well, the United States has put pressure on Israel to accept this situation, arguing that you had to give money or at least allow money to flow to Gaza.
00:23:30.620Otherwise, there would be a humanitarian collapse.
00:23:32.960And so Israel allowed some of the money to be funneled through Qatar to Gaza for basic government operations, even though Israel knew that a lot of the money was going to be stolen.
00:23:44.780But President Donald Trump, when he was in office, he actually cut a lot of the funding that went to some of these corrupt organizations.
00:23:52.840He stopped taxpayer funding of the U.N. Relief and Works Agency, which was exposed during the war as having ties to terrorism.
00:24:01.780Several of their employees participated in the October 7th attacks.
00:24:05.200Trump also cut funding to the Palestinian Authority while it supported or subsidized terrorism.
00:24:13.340He said, we're not going to waste U.S. taxpayers' money on this stuff.
00:24:17.360Biden comes into office, restores the funding to the extent he could legally.
00:24:21.780He restored the funding that Trump had cut, something like $700 million to the U.N. Relief and Works Agency and millions of dollars going to other places.
00:24:31.040They claim they're not funding the Palestinian Authority directly, but they're funding all kinds of other organizations.
00:24:37.160And that money is making its way, a lot of it, to Hamas.
00:24:42.240Biden gives them hundreds of millions of dollars.
00:24:46.680And lo and behold, in May 2021, you have Hamas attacking Israel for the first time in years.
00:24:52.580They were quiet for the four years of Donald Trump.
00:24:55.020Donald Trump, as president, kept the Middle East quiet because he made it very clear that if anything happened, he was going to let Israel off the chain, that Israel was going to be able to do whatever it needed to do to secure itself.
00:25:08.060So Iran and its proxies were very careful.
00:25:14.660The closest they got was a bizarre effort by Hamas to infiltrate through the fence on the day or during the week when Donald Trump moved the U.S. Embassy to Jerusalem and Israel shot everyone who tried to get in.
00:25:30.000Alexandria Ocasio-Cortez called them protesters.
00:25:34.320But Biden comes in, restores the funding, and all hell breaks loose because Israel's enemies and America's enemies sensed a weakness.
00:25:44.020And they probed that weakness first in the May 2021 war, which was largely an air war, Hamas shooting rockets and Israel retaliating with airstrikes.
00:25:53.200And then on October 7th, when they sent thousands of Hamas terrorists into Israel, blowing holes through the fence and carrying out atrocities in the Israeli communities in the vicinity.
00:26:04.480So, look, the money comes from decisions made by U.S. policymakers and by other donor nations.
00:26:12.760And there's an incredible constituency to keep those taps flowing.
00:26:17.840The world believes or has been led to believe that the Palestinians are not responsible for themselves.
00:26:25.300They've received multiple times more per capita than Europe received in the Marshall Plan.
00:26:31.940And yet instead of building the economy, building institutions, building anything worthwhile, Hamas has sunk that money into underground tunnels, into weapons from Iran, and, of course, into the luxurious lifestyles that their leaders enjoy.
00:26:44.920They're not just sitting there, by the way, with bank accounts.
00:26:46.800They're investing in all kinds of things.
00:26:49.020They have real estate holdings all over the place.
00:26:52.260And we're not really being tough enough yet with sanctions on the Hamas financial network.
00:26:56.440But basically, these are the leaders of Hamas who are living the high life in Qatar, Turkey, other places.
00:27:05.740And for them, terrorism has been very successful.
00:27:14.200I just want to hold you through the break for a second because I want to make our audience smart of what we should look forward to, be smart in getting up the curve of what's going to happen here over the next couple of days and weeks.
00:27:24.120Joel Pollack from Jerusalem, senior editor at Breitbart News, joins us.
00:27:28.120We're going through now this fight, and we're going to keep you up to date on FISA and the warrantless FISA.
00:27:35.640But be prepared to – they're going to try to run the tables on us.
00:27:38.820You've got some heroes out there that are fighting this.
00:39:56.440I'll be talking to you over the weekend as we look at and watch and enjoy the Masters Tournament on Augusta National.
00:40:04.280Steve, real quick, I've got a bone to pick with you over coffee.
00:40:07.840As a fellow coffee aficionado, I'm here with my Warpath coffee.
00:40:12.040And I've got to tell you, every time you do the pitch for Warpath coffee, you sort of denigrate the medium roasts.
00:40:19.460And you refer to them as mid and mild roasts.
00:40:21.960And I have to tell you, I used to be a passionate dark roast guy.
00:40:26.320And over the last couple of years, I've gravitated towards medium roasts because the flavor profile is a little more complex and more interesting.
00:40:32.980And actually, little fact, little known fact, medium roasts and light roasts actually have more caffeine than dark roasts.
00:40:39.460So in the morning, they get you more jacked up because the beans are actually baked less.
00:40:45.000The dark roast, you have to bake the beans more.
00:40:46.720And so actually, the caffeine evaporates.
00:40:49.180But the Warpath coffee is excellent, I have to say.
00:43:43.560I want to warn you of a huge change that could be coming to our money and our bank accounts.
00:43:48.860First, think back to 9-11, shortly after the government pushed through the Patriot Act.
00:43:52.860This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet.
00:44:01.720Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author,
00:44:08.880is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.
00:44:14.940In fact, some of the guests I've had on The War Room believe that the government will soon expand their powers to track our every move.
00:44:22.340If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA,
00:44:29.360the government may be able to shut us out of our bank accounts.
00:44:33.360I can't say for sure if this will happen, but it's an interesting and dire warning.
00:44:38.900Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming
00:44:45.620and how to protect yourself from the possibility of programmable money.
00:44:51.200Watch Jim's warning video now before it's censored like I've been in the past.
00:46:30.940First of all, thank you so much for having me on again.
00:46:32.720Since our last couple of stories surrounded the potential damages of title theft and ways to be proactive to fight against it,
00:46:38.980I wanted to shift gears a little bit and share a story with you about what happens when homeowners go through these kinds of things
00:46:44.260and actually don't have anyone to tell them what the next steps are and what the aftermath of that can be.
00:46:49.260So there's a woman in Los Angeles who's lived in her home for over 20 years,
00:46:52.580and one day she gets something in the mail from the county recorder's office showing her home had been gifted to a man whom she'd never met.
00:46:59.740So she calls the county recorder's office and says,
00:47:02.760I did no such thing and wanted it fixed,
00:47:04.980and they basically told her there's nothing they could do and told her to file a police report.
00:47:09.180Now, this woman's a little older, and she's not in good health,
00:47:11.960and she uses a walker to get around and could hardly leave the house.
00:47:14.440So after some time of getting nowhere herself, she ended up hiring an attorney.
00:47:19.820So during the investigation, they found out that the thief had actually made a fake ID
00:47:24.340and hired someone to pose as the homeowner at the notary office to stamp the documents.
00:47:30.080And the notary who'd completed the paperwork actually later had to testify in court
00:47:34.000that the woman she'd met was not, in fact, the homeowner.
00:47:37.200And they were able to prove it because she wouldn't have been able to get up the stairs to the notary office
00:49:06.000So they're going to go to our website, hometitlelock.com, and they can actually use the promo code WARROOM.
00:49:11.560They can get their first 30 days of protection for free, plus a free title scan so they can check in on their title.
00:49:16.580And if any of you are or maybe have that you want to look out for, you can actually gift a subscription to anyone in your life.
00:49:29.080The first thing my dad did after getting his own subscription was purchase a four-year subscription for my grandparents' home
00:49:34.460because they're 90 years old and live in Florida, where title theft is absolutely rampant right now.
00:49:39.700And the four-year subscription allowed him to lock in the price at a lower rate without him having to worry about monthly renewals or price increases.
00:49:45.720So, again, that's hometitlelock.com and the promo code WARROOM for 30 days for free.
00:49:51.520And that does actually apply to whatever subscription you choose.