Bannon's War Room - May 15, 2024


Episode 3611： House Committee On Judiciary Attacks WarRoom


Episode Stats


Length

1 hour and 1 minute

Words per minute

167.96112

Word count

10,402

Sentence count

849

Harmful content

Misogyny

6

sentences flagged

Hate speech

3

sentences flagged


Summary

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

Inflation cools off to 3.6% y/y/o, but still hits a new all-time high of 3.17%, and we talk about why this is a good omen of what's to come in the months to come.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 expected to be down 10 is down 15.6, down 15.6 is the weakest read since January. Now let's go to
00:00:08.200 CPI, shall we? These are the April reads, of course, headline up three 10s, a little cooler
00:00:14.140 than the rearview mirror, which was up four 10s. I haven't seen revisions. They were late yesterday
00:00:19.360 and coming. If we look at the X food and energy, also up three 10s. And last month, that was also
00:00:25.720 up four 10s. So that definitely cooling off as expected on that. Now let's look at the year over
00:00:32.800 year numbers, probably the most important. 3.4 is the year over year headline. And that is one 10th
00:00:39.240 cooler than the rearview mirror equal to expectations. And that is the lowest year over
00:00:44.300 year since we're at, well, 3.2 in February. See, last month was the pop. And if we look at CPI,
00:00:51.980 X food and energy year over year, this is 3.6. That is definitely cooler than the 3.8 we had last
00:00:59.460 time. And the 3.8 last time and along with the 3.6 this time is now the lowest level of year over
00:01:07.340 year core inflation since April of 21. So these numbers are close to expectations in every way
00:01:15.040 and actually sequentially a bit better than last month, which spike. You see yields moving down.
00:01:21.360 Now we're not done with the data yet. I like to look at the CPI index because I think the CPI index is
00:01:27.760 very important to look at. 3.13.54 is the non-seasonally adjusted. And guess what? That's
00:01:35.500 a new all-time high. And if we look at the core at 3.17.62, that's also a new all-time high. So here's
00:01:43.580 what we really see. The politicians are going to say, wow, it's a bit cooler than expected. And in many
00:01:48.540 ways they're correct, but it's still on the index is both non-seasonally adjusted, non-seasonally
00:01:53.780 adjusted, the highest ever since record keeping the index that we figure all this on.
00:01:58.920 This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on
00:02:10.160 these people. I got a free shot. All these networks lying about the people, the people have had a
00:02:17.020 belly full of it. I know you don't like hearing that. I know you try to do everything in the world
00:02:20.800 to stop that, but you're not going to stop it. It's going to happen. And where do people like that go
00:02:24.820 to share the big line? MAGA Media. I wish in my soul, I wish that any of these people had a
00:02:32.520 conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country,
00:02:40.680 this country will be saved. War Room. Here's your host, Stephen K. Vance.
00:02:47.060 It's Wednesday, 15th, May in the year of our Lord, 2024. By the way, guys, we got some terrible
00:02:57.720 feedback here. Let's get on it. We just did a great sound check and somehow the sound is wrong.
00:03:06.020 A print came out today on CPI. We're going to get EJ and Tony up here in a second. I want to read,
00:03:14.600 though, Jason Trenert. If Denver can put up the tweet on Jason Trenert. Strategious common man CPI.
00:03:22.980 Remember, we've had him on to talk about the common man CPI, which is food, energy, shelter,
00:03:28.680 clothing, utilities, and insurance. Let me repeat that. Food, energy, shelter, clothing,
00:03:34.800 utilities, and insurance. 3.8 year over year and has exceeded official number for nine consecutive
00:03:40.680 months. And in 34 of the last 40 months, gold moving higher. Inflation as a campaign issue is
00:03:47.520 over and Biden has lost. Let me bring in now EJ and Tony. EJ, I know you got a bunch of charts.
00:03:54.500 The top line number, and of course, Biden, these guys are going to say, well,
00:03:57.380 it didn't blow through expectations. Walk me through what the real math is on the lived experience of the
00:04:03.120 American people. Well, Jason Trenert is absolutely right, Steve. If you're looking at what Americans 0.96
00:04:08.700 actually have to buy, as opposed to the theoretical basket of goods that the Bureau of Labor Statistics
00:04:14.800 has come up with, you see that it is much worse than the headline number. But on top of that,
00:04:20.740 even how the consumer price index measures things like housing, it grossly underestimates what
00:04:27.860 Americans are actually paying. Look at how they measure the cost of home ownership, for example.
00:04:33.020 That's up only about 20% since Biden took office. And anyone who's trying to buy a home today
00:04:38.980 knows that that is absolutely ridiculous figure. In reality, if you use real world data, so look at
00:04:45.100 things like home prices, interest rates, you can even pull in the cost to insure a home, property taxes,
00:04:51.600 et cetera. What you find is that the cost to own a home today is 114.5% more than when Biden took office.
00:05:00.560 I'm sorry, but that is nowhere near the 20% increase that we are being told in these official
00:05:06.740 numbers. That's an absolutely ridiculous disparity. And so the lived experience of Americans is much
00:05:13.020 worse than what this economic data is telling us.
00:05:16.740 Okay. Hang on for one second. By the way, I want to announce the weaponization committee
00:05:20.760 starts this morning. The first witness is going to be Bob Costello, the lawyer. We're going to cut to
00:05:26.960 that for his opening statement, which is pretty powerful about Michael Cohen. We will go to that
00:05:31.640 live as soon as it happens. And Jason or EJ is going to bear with us. EJ, hit rewind on that and just give me
00:05:40.040 that one more time because it's very important to understand, particularly in the number one for
00:05:46.020 the economy and for your life, but as importantly for the positioning on this campaign.
00:05:52.540 Well, Steve, it's very shocking to a lot of people, but when the BLS tries to estimate the cost of home
00:05:57.940 ownership, they don't look at the price of homes. They don't look at interest rates. And as a result,
00:06:03.220 when you have these periods of very high inflation in the housing market, you will get incredibly
00:06:08.820 skewed numbers coming out of the BLS. And so because they rely exclusively on looking at rent
00:06:15.060 prices and then from that, try to figure out how home prices are changing, their number is completely
00:06:20.680 off today by essentially a factor of five. Instead of the 20% increase, which they allege over the last
00:06:28.020 about three and a half years, the actual number is up about 115%. This is why Americans can't afford
00:06:35.520 homes. This is why Americans are essentially resigning themselves to having to rent forever.
00:06:40.980 This is why we are seeing young people move back in with their parents at rates not seen since the
00:06:47.160 Great Depression. That's not an exaggeration. Young people cannot afford the American dream of 0.99
00:06:52.960 home ownership. In fact, for them, it's not even a dream anymore. It's more of a nightmare.
00:06:56.460 There. Walk through. You've got some other analysis you want to talk about on these numbers
00:07:01.960 to get behind them. And by the way, this only reinforces, look, Jason Trenert over at Strategist
00:07:08.100 is not a, he's not a fire breather. He's like EJ. These guys are very, and Scott Besson,
00:07:13.040 these guys are some of the best guys on Wall Street, either major hedge fund managers or are
00:07:18.340 retained by hedge fund managers to give them an independent assessment away from their
00:07:22.420 own in-house economists and their own in-house analytics to make sure that they're, you know,
00:07:28.300 they're, they're, they're getting a lot of different views. This is where you want to get a range
00:07:31.660 of, uh, of, of opinions. Jason Trenert, uh, EJ, and you know, his common man, a CPI where he adds
00:07:39.660 in basically what you talk about. He's got a chart up and if Denver could put that chart back up again,
00:07:44.720 you see the spread there and he says, Hey, uh, inflation as a campaign issue is over for Biden.
00:07:52.180 And he lost, uh, because the number is going to be very difficult, not impossible to change,
00:07:56.760 particularly with yesterday's PPI, the producer price. Remember that's the wholesale price that'll
00:08:01.680 roll through that'll roll through the numbers in a month or two. Your thoughts,
00:08:05.760 Steve, that that's exactly right. And by the way, that actually blows a hole below the waterline
00:08:12.180 to this whole idea that inflation is somehow caused by corporate greed. Nothing could be
00:08:16.740 further from the truth. If you look at the producer price index or wholesale inflation,
00:08:21.500 that that's essentially the cost that businesses are having to pay versus the CPI consumer price
00:08:26.540 index. That's the cost that UI and, and all your viewers are paying. You find that those are both
00:08:31.660 up essentially the same percentage over Biden's presidency. And as a result of that, the costs that
00:08:38.900 businesses are paying are simply being passed on to consumers. And so this, this whole idea that
00:08:44.840 somehow businesses are being greedy and are causing inflation, it doesn't even pass the smell test.
00:08:51.520 Yeah. Talk, talk about that for a second. Cause this is Biden's new thing. Biden's going to say,
00:08:55.620 Hey, it's not my, it's not my massive spending. Cause we don't have a drop in aggregate demand
00:09:00.880 anymore. It's, it's this infusion of one Keynesian stimulus after the other. What is,
00:09:05.820 whether it's the green new deal or build back better, whatever, whatever, you know,
00:09:10.160 they call it the inflation reduction act. Remember that, uh, up in your face, uh, this massive
00:09:16.160 spending is what's caused this. He's trying to pivot and, and, and look, Hey, we, we, we have no truck
00:09:23.080 with the, uh, with the corporation. We're on these guys all the time. I don't trust the big corporations
00:09:27.760 as far as you can throw them. Right. Because they are total globalists. However, in this case,
00:09:33.180 for him to go back to the old saw, Oh, it's greedy corporations. It's shrinkflation. It's all
00:09:39.040 of that. That, that doesn't hold up when you look at the producer price index, correct?
00:09:43.560 That's exactly right, Steven. And you know, you're, you're right. Corporations are not our friend,
00:09:48.240 but they're not our enemy in this case either, because what's happening is that the value of
00:09:53.360 the currency is declining. This is why gold has, has been on an absolute tear this year.
00:09:58.460 People are waking up to the reality that it's simply the dollar, which is losing value. And
00:10:03.980 that's why prices are rising. Hey, EJ, hang on for one second. I want to go live to Capitol Hill,
00:10:08.920 the weaponization committee. We're going to come right back to you. This is Bob Costello,
00:10:12.080 opening statement. Department of justice wouldn't, that the federal elections commission wouldn't
00:10:16.560 bring, that his predecessor, Cy Vance wouldn't bring. And as Alvin Bragg himself said, he wouldn't
00:10:23.280 bring, but then he did after president Trump announced he was running for president. Some
00:10:30.200 might call this all election interference. Think about it. Mr. Bragg is charging president Trump
00:10:36.260 with conspiracy to impact the 2016 election. Ms. Willis and Mr. Smith are charging president Trump
00:10:42.360 with a conspiracy to interfere with the 2020 election. Seems to me the conspiracy is between
00:10:47.860 Bragg, Smith, and Willis working to interfere with the 2024 race. Of course, none of this is new.
00:10:56.700 2016, government spied on president Trump's campaign. You don't have to take my word for it.
00:11:02.720 You don't take this committee's word for it. John Durham said it. Clinton campaign paid the law firm
00:11:08.300 Perkins Coie, who hired Fusion GPS, who hired Christopher Steele, a foreigner who talked to other
00:11:14.280 foreigners who put together the fake dossier, which became the basis for the FBI to spy on President
00:11:20.800 Trump's campaign. The basis for a whole investigation where we saw text messages back and forth from
00:11:27.040 folks on the investigation saying, we'll stop Trump. Then, of course, it was the Mueller investigation.
00:11:33.620 19 lawyers, 41 FBI agents, $30 million to find, nothing. No conspiracy, no coordination,
00:11:41.120 none whatsoever. Then it was impeachment. Anonymous whistleblower with no firsthand knowledge. He was
00:11:49.340 biased against President Trump, who worked for Joe Biden. Talks about a phone call and they impeached
00:11:55.300 the President of the United States. Then they raided his home. Broke every protocol, every normal
00:12:02.160 procedure. Again, don't take our word for it. Stephen D'Antuano, FBI Assistant Director of the
00:12:07.580 Washington Field Office told us this in his deposition. Then, of course, they tried the 14th
00:12:13.060 Amendment. We'll just keep him off the ballot. The easiest way to win is not to let your opponent play.
00:12:19.500 That's what they tried to do. Thank goodness the Supreme Court said no to that. Nine to zero,
00:12:25.040 they said no to that. And then, of course, after all that, after he's a candidate, as I said,
00:12:31.480 we get all these cases. In Georgia, Fannie Willis hires her boyfriend who travels to D.C. on the
00:12:39.500 taxpayer dime, meets with White House officials, January 6th committee, all in an effort to target
00:12:45.660 President Trump. In New York, gag orders placed on President Trump by a partisan judge whose daughter
00:12:52.840 is a Democrat fundraiser, while Michael Cohen, convicted perjurer, is allowed to post anything he
00:12:59.600 wants on social media, say whatever he wants. Not to mention the guy who's the lead prosecutor for
00:13:04.880 Alvin Bragg, Mr. Colangelo, who worked for Letitia James, then worked for the Justice Department, then
00:13:09.720 went back to New York to work for Alvin Bragg. And in Florida, in Florida, we learned that Jack Smith
00:13:18.820 changed, altered the order of the classified documents he seized. The physical documents don't
00:13:26.560 match up with the scan documents. Jack Smith didn't properly handle the documents he said
00:13:34.580 President Trump didn't properly handle. Jack Smith mishandled classified information, all while
00:13:39.560 charging President Trump with, quote, mishandling classified information. You can't make this up.
00:13:43.640 Some would call that tampering with evidence. Today's hearing is about how the law is being used to
00:13:50.100 target political opponents. It's truly about the weaponization of government, truly about what
00:13:56.420 this committee has been focused on for this Congress. And obviously, President Trump is example
00:14:01.440 number one. It's about the double standard, one set of rules for the politically connected, the other set
00:14:07.420 for the people they want to target. But maybe most important, it's about where does all this go?
00:14:12.760 Where does it all go? Because if they can do it to a president, they can do it to anybody.
00:14:19.260 Any one of us, any of our constituents, any American they want to. And that's what's frightening.
00:14:26.760 That's what's truly frightening. So I want to thank our witnesses for being here and talking about this
00:14:32.060 most critical issue, how the government, how the agencies, how the law is being turned on
00:14:38.520 people that they politically disagree with. With that, I yield to the gentlelady from the Virgin
00:14:45.660 Islands for her opening statement, the ranking member, Ms. Plasky.
00:14:49.420 Thank you very much. Good morning to everyone that is here with us.
00:14:57.580 Thank you for joining.
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00:16:17.980 Two weeks ago in the same room, we watched as the Republican majority attempted to use
00:16:25.580 the congressional hearing process to intervene in an ongoing Supreme Court case.
00:16:32.780 Republicans here did so by suggesting that they were concerned about how social media companies are bullied.
00:16:39.840 I can't bear to listen to nonsense.
00:16:45.260 Okay, Jim Jordan, a good opening.
00:16:47.900 It's like opening at the war room, right?
00:16:51.240 Hmm, finally.
00:16:52.900 Okay, so we're going to have this hearing today.
00:16:55.140 There are a number of lawyers.
00:16:56.220 Bob Costello is going to be the first.
00:16:58.820 I think Costello, his opening statement, is going to lay into Michael Cohen on the off day up at the New York trial.
00:17:04.660 Of course, Jim Trusty, President Trump's lawyer, is one of President Trump's lawyers, is going to join.
00:17:10.240 I think Gene Hamilton over at America First Priorities Institute is also going to join.
00:17:16.580 So I'll be excited.
00:17:17.100 We're going to be dipping in as soon as Costello goes back.
00:17:20.140 Great opening table setter for Jim Jordan.
00:17:23.620 Look, I know, we're in posse.
00:17:26.400 We want subpoenas, not hearings.
00:17:28.180 We don't want sharply worded letters.
00:17:29.780 But, hey, it's a process.
00:17:32.180 As you know, just keep the band net to the back.
00:17:34.360 Do I still have E.J. and Tony?
00:17:37.360 E.J., we've got a couple minutes here.
00:17:39.220 I know you've got to bounce.
00:17:40.800 I just want to put in perspective, because you're going to hear today's CNBC.
00:17:44.280 You're going to have Biden come out and say inflation's over.
00:17:46.680 Jason Trenner has just notified us he is going to join us tomorrow morning on the show to walk through this.
00:17:52.780 And Scott Besson is going to be here Friday.
00:17:54.600 So we're going to give you a double-barreled shotgun approach right after E.J.
00:17:59.680 E.J., I know you've been increasingly worried that this is not being dealt with.
00:18:04.980 The Fed and Treasury joined together in December to jump the shark, to try to prop up Biden's ability to win re-election by juicing, throwing too much liquidity in the economy.
00:18:19.440 And we're paying for it now.
00:18:20.760 Are we not, sir?
00:18:21.360 Absolutely, Steve.
00:18:23.500 And the numbers bear that out very, very clearly.
00:18:26.620 And if we look at where inflation is trending, there's a chart there I think Denver has.
00:18:31.540 It shows that there is absolutely zero evidence inflation is going back to 2%.
00:18:36.400 It has been trending towards over 3%.
00:18:39.000 We've arrived there.
00:18:40.240 There's no indication we're going any lower anytime soon.
00:18:43.240 And it's because of exactly what you just said, Steve.
00:18:46.480 The Treasury and the Fed are now working hand in glove to ensure that there is plenty of liquidity available for the Treasury.
00:18:55.120 But that means we're starving private markets of capital.
00:18:58.360 And it also means that we are fueling this inflationary fire.
00:19:02.220 And, again, you're not going to put that fire out until you stop what's causing it, which is all of this runaway, profligate government spending.
00:19:10.520 You know, E.J., we're going to go back in a second to this House Webinization Committee.
00:19:15.980 And this is on turning the Justice Department against President Trump and his followers and all of MAGA to drill down on the details.
00:19:24.120 But also the House has been part of this problem.
00:19:27.460 They've been a part of this problem on inflation.
00:19:30.540 We've had Russ Vogt and Chipperoy on.
00:19:36.380 And I want to tell the Warren Posse, I spent last night working on this.
00:19:39.080 So we ain't going for any CR.
00:19:41.100 Trust me, we're going to get to the bottom of what's happening here.
00:19:43.800 They're trying to the uniparty and radical Democrats are trying to de-Trumpify President Trump's ability to have impact on a second term.
00:19:53.460 I found out last night they're not close yet to give us a top line number for fiscal year 2025 budget, which has to be done theoretically by law by September 30th.
00:20:05.420 With all the budget done, the appropriations done, we start the new fiscal year, as people know, to watch this show, October 1st.
00:20:12.560 They haven't agreed on a top line number.
00:20:14.760 But I'm hearing rumors from pretty well-placed sources that there's not really any cuts.
00:20:21.560 If any cuts will be completely optics, performative.
00:20:24.700 If this is going to stay north of a $7 trillion spend, it's going to stay north of a $1.5 to $2 trillion deficit predicated on McCarthy gave them two years.
00:20:36.240 They're going to take a third year because the Republican House and the weapons makers don't want to step in here. 0.94
00:20:41.320 Your thoughts, I mean, can we really get, unless we throw down hard and stop the Biden regime and, quite frankly, stop Treasury and even the Fed by using the House,
00:20:52.660 are we going to be able to get our hands around inflation if they continue to spend at that level?
00:20:57.960 No, Steve, the House is the problem right now.
00:21:00.860 I mean, House leadership, let's be perfectly frank, has utterly failed the American people.
00:21:05.600 There's no way around that.
00:21:06.920 We can't really beat around the bush at this point.
00:21:08.880 They have utterly failed the American people, period.
00:21:12.400 The amount of spending has to come down.
00:21:15.300 If it doesn't, you're going to continue paying for it.
00:21:17.320 Look, the American people need to realize all government spending is paid for, all of it.
00:21:22.100 You can pay for it through taxes.
00:21:23.760 You can pay for it through borrowing, which means future taxes.
00:21:26.560 You can pay for it through the hidden tax of inflation, which is what we're doing right now.
00:21:30.240 But at the end of the day, all government spending is paid for.
00:21:33.740 If you're wondering, why is my life getting so expensive?
00:21:36.580 It's because you're paying for all of these runaway government deficits.
00:21:41.340 And Mike Johnson and the rest of the so-called Republican leaders in the House are part of the problem, frankly.
00:21:47.580 By the way, two of the lords of easy money today, actually, yesterday, it broke today.
00:21:57.500 Jamie Dimon, I think in Europe, addressing a central banker and big money center bank conference, said, finally, I think it was on German TV,
00:22:05.380 hey, this deficit, these are problems they have to be addressed if we wait for it.
00:22:09.740 If we wait to try to address them at 6% of GDP or 7% of GDP, these are too high.
00:22:15.800 It's got to be much lower.
00:22:16.980 Unless we take on fiscal responsibility, we're going to pay for it big time in the end.
00:22:21.240 Goldman Sachs CEO Solomon, exact same thing at the exact same time.
00:22:25.640 Do you think the lords of easy money are starting to awaken to this problem?
00:22:29.300 I mean, they've made a fortune on this, and they're going to make a fortune in the future.
00:22:33.280 But do they understand that we're getting ready to drive over the cliff with the pedal to the metal?
00:22:39.960 Not quite, Steve.
00:22:41.600 But I think they're finally realizing that we're heading in the wrong direction.
00:22:45.300 You and I were sounding the alarm on this literally a year and a half ago.
00:22:48.900 And now, finally, some of the people who are in on the charade are starting to realize that, no, this cannot go on forever.
00:22:56.060 You know, the Treasury finally announced that annualized interest payments on the debt are up to $1.1 trillion.
00:23:02.680 Again, that's something we predicted over a year ago was going to happen.
00:23:06.100 And sure enough, here we are.
00:23:07.880 And we are continuing, as you just said, Steve, to head towards that cliff with the pedal to the metal.
00:23:13.620 And this is why it is so important, going back to your previous point, the House needs to get its act together, and we need to get a hold on this spending.
00:23:23.300 And I don't just mean slow the rate of increase.
00:23:25.340 I mean we need to put a choke collar around this thing and seriously get these numbers down, or we are going to continue to see the impoverishment of the American middle class.
00:23:35.160 You're saying we're going to hollow out the middle class, unless you see not a change in the rate of growth, but unless you see, you, E.J., and Tony, a real plan of five or ten years to a balanced budget, but those cuts, big cuts, come in year one.
00:23:50.060 I mean hundreds of billions of dollars, which some is going to have to come out of the defense.
00:23:54.060 I mean Chip Roy yesterday was trying to sell us the CR, and I love Chip.
00:23:56.880 I love Congressman Roy.
00:23:57.800 But, except for, you know, sometimes who he picks to want to be president, which I told him was dead wrong at the time, and he just wouldn't listen, that you can't do this by tapping it along and doing a CR and hoping for it to keep defense spending.
00:24:14.420 Defense spending is going to have to take a hit.
00:24:16.800 People have got to wake up to this.
00:24:19.140 E.J., we'll let you go.
00:24:20.660 You've been incredible.
00:24:22.280 Thank you for jumping on this today.
00:24:24.180 Look forward to putting up.
00:24:25.200 I want everybody to know where they can go get your constant.
00:24:27.660 You're putting stuff up on Twitter all the time.
00:24:30.320 Where do people go to follow you?
00:24:32.240 Best place to find me is going to be on Twitter, and the handle there is at real E.J. and Tony.
00:24:38.460 If Grace and Mo can get the charts from Denver, I want to push those out.
00:24:43.120 Carly Bonet, this is very important, and Jason Trenerts.
00:24:45.960 I want to make sure this audience is the cutting edge.
00:24:48.100 E.J. and Tony, thank you very much.
00:24:49.360 We're going to go back to the weaponization committee.
00:24:50.960 I want to thank Real America's Voice for letting us blow the first break.
00:24:54.080 But now, more than ever, by the way, Philip Patrick is going to join me on Saturday.
00:24:58.800 So, I've got Jason Trenert tomorrow.
00:25:01.960 We have Scott Besson on Friday.
00:25:04.220 We'll have Philip Patrick on Saturday talk to you about capital markets, because there's going to be even more turbulence,
00:25:11.540 and particularly with the decline of the U.S. dollar, the purchasing power of the U.S. dollar.
00:25:16.520 Don't get caught sideways.
00:25:17.700 Go talk to the experts at Birch Gold.
00:25:19.540 Birchgold.com slash Bannon.
00:25:21.080 Get to Philip Patrick and the Team Day.
00:25:23.100 Of course, you've got the end of the dollar empire that lays this all out.
00:25:26.500 If you read that, particularly, free installment number three, which was the debt trap, you understand exactly what we're talking about,
00:25:34.180 and you're understanding the power of currency in your individual and personal life, your community's life, your nation's life.
00:25:40.740 Let's go back to the weaponization committee.
00:25:44.540 I think we're still doing opening statements, but Bob Castile will be up in a minute.
00:25:48.020 Let's go back to weaponization right now.
00:25:49.620 ...by calling witnesses who have testified under oath that they literally are missing parts of their brain,
00:25:55.920 and another who self-identified as a time traveler from Canada.
00:26:00.220 That, my friends, is the select subcommittee on the weaponization of the federal government.
00:26:06.400 To be the party of law enforcement and be led by a man currently facing 100 serious charges.
00:26:12.520 We fail to understand that we are playing white knights for the most radical fringes of our society,
00:26:24.560 while making frequent references to Big Brother, no less.
00:26:29.560 They themselves are a growing embodiment of George Orwell's 1984.
00:26:35.880 Now, I know I've said it before, and if people don't know, I've been a Republican.
00:26:41.560 I was a Republican appointee when some of my counterparts were still in high school.
00:26:48.140 I served a Republican president.
00:26:50.880 But this is not the Republican Party.
00:26:55.100 This is a cult of personality where Donald Trump exercises totalitarian control.
00:27:01.720 This is a subcommittee that intimidates witnesses who disagree with them,
00:27:06.280 questioning Americans' loyalty to their country if they don't support Donald Trump's agenda.
00:27:11.560 This subcommittee is using its platform to bully American people into believing falsehoods.
00:27:19.460 Falsehoods which serve little purpose other than to scare everyday Americans,
00:27:24.520 spread confusion, and attempt to re-elect Donald Trump.
00:27:28.420 It's a subcommittee that is taking orders from a disgraced former president.
00:27:33.720 I see members rolling their eyes.
00:27:36.580 They're all upset.
00:27:37.820 You don't believe me?
00:27:39.040 Think I'm making up that Trump directs the actions of this select committee?
00:27:44.380 You think that everyone is not jumping through hoops to please Donald Trump?
00:27:50.720 Follow the facts.
00:27:51.920 Who was among the select few Donald Trump called on January 6th while encouraging thousands of rioters
00:28:00.600 to overtake the Capitol and steal the election?
00:28:04.420 Individuals from this select committee.
00:28:09.640 Members here have refused to answer a subpoena related to that call from Trump and the attack on the Capitol.
00:28:16.880 Members of Congress said at rally after rallying, I'm busting my tail to get Donald Trump re-elected.
00:28:24.100 We need to make sure Donald Trump wins.
00:28:26.640 It's so important that we stay engaged and help Donald Trump get back the White House.
00:28:30.660 Okay, I'm going to take it back for a minute.
00:28:32.640 There's only so much I can take of that.
00:28:34.520 And I have the patience of Job.
00:28:37.280 Not.
00:28:38.640 Okay.
00:28:39.720 She's going to drone on.
00:28:40.680 I think that's a representative from the Virgin Islands, I think.
00:28:44.040 I don't have my glasses on, so I can't really see.
00:28:46.760 Too vain to wear my glasses during the show.
00:28:51.140 We're going to get to Bob Costello's opening statement in a second.
00:28:54.100 Let me tell you what we've got today.
00:28:55.440 We've got a couple of big things that have already happened.
00:28:59.220 Number one, the inflation print came out.
00:29:02.440 Jason Trennan said, hey, the war against inflation by Biden is over, and inflation won.
00:29:07.620 You're going to try to see him spin it.
00:29:08.960 But here's the reality.
00:29:09.900 The lived experience of the American working class and middle class is not going to change.
00:29:14.960 In fact, it's only going to get worse.
00:29:17.000 That is going to lead to, I think, increased people are awakening every day.
00:29:20.340 Why are they awakening?
00:29:21.340 How are they awakening?
00:29:22.140 Because you, this audience, you're putting out information.
00:29:26.380 You're taking clips from the show.
00:29:27.480 You're taking clips from the show.
00:29:28.380 I just understand we got a shout-out in the representative's opening statement.
00:29:33.000 I think War Room actually got a shout-out.
00:29:35.840 I think it was a clip with our own Natalie Winters, I think, as the host.
00:29:39.360 But we'll find it.
00:29:39.900 We're going to pull it here in a second and get it up.
00:29:42.720 The second part is that the weaponization committee, and this is not what we want, but, hey, it's a start.
00:29:49.340 It can't be a finish.
00:29:50.320 And we're hearing behind the scenes big promises of judiciary, weaponization, subpoenas, an organized effort.
00:29:56.680 What you need is an organized effort.
00:29:58.220 You had the front page of the New York Times.
00:30:01.220 This morning, as yesterday, has all the Republicans right there.
00:30:05.420 You see that?
00:30:05.920 You've got all the Republicans standing there, from Governor Burgum to Byron Donalds, Vivek Ramaswamy.
00:30:15.960 You've got Johnson, and you've got Corey Mills.
00:30:19.140 That's great.
00:30:19.700 They're all there.
00:30:20.260 But what we need is people down in Washington, D.C.
00:30:23.360 We need Johnson, and we need to organize this committee into a real committee like Democrats would do,
00:30:29.800 like Democrats would do and have an organized effort to get out of the vast criminal conspiracy against President Trump.
00:30:35.640 It's more and more obvious every day.
00:30:37.620 Now, breaking news, right when we were coming on, Joe Biden's put out a video.
00:30:42.780 I don't know if we have that up yet.
00:30:44.580 I'm going to try to slip that in.
00:30:45.540 Joe Biden's got a video, I think, where he throws down and challenges President Trump to a debate.
00:30:52.540 Now, don't be fooled.
00:30:53.960 This is not because he wants a debate.
00:30:56.180 This is because he has to get on a stage with Trump quickly because there's an effort behind the scenes for a movement.
00:31:02.820 Let's go ahead and play this clip while we're waiting for Bob Costello to come up.
00:31:07.940 Donald Trump lost two debates to me in 2020.
00:31:10.580 Since then, he hadn't shown up for debate.
00:31:12.360 Now he's acting like he wants to debate me again.
00:31:14.500 Well, make my day, pal.
00:31:16.380 I'll even do it twice.
00:31:18.120 So let's pick the dates, Donald.
00:31:19.840 I hear you're free on Wednesdays.
00:31:22.280 Okay, he's babbling right there.
00:31:23.700 He's got to get on a stage with Trump or they're going to be Michelle Obama is going to remove again. 0.87
00:31:28.400 He's going to replace him.
00:31:29.420 Let's go back to Jim Jordan in the hearing.
00:31:31.420 You're about to give his true and correct to the best of your knowledge, information and belief.
00:31:34.820 So help you God.
00:31:36.900 Let the record reflect that the witnesses have answered in the affirmative.
00:31:40.040 You can be seated.
00:31:40.920 Thank you.
00:31:41.260 Please know that your written testimony will be entered into the record.
00:31:44.060 And it's entirely in court.
00:31:45.020 And we ask you to summarize your testimony as best you can.
00:31:49.140 And we will just move right down the list.
00:31:50.920 We will start or right in the line.
00:31:52.180 I should say we will start with Mr.
00:31:54.140 Costello.
00:31:57.200 Make sure you hit your mic and pull that turn your mic on and make it pull it real close.
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00:33:35.840 My name is Bob Costello.
00:33:38.820 I've been an attorney for 51 years and I'm the former assistant U.S. attorney in the Southern District of New York where I was deputy chief of the criminal division.
00:33:48.060 I am not now, nor have I ever been, an attorney for Donald Trump, any of his family members, or any of his businesses.
00:33:56.040 I've represented quite a number of high profile individuals, but never Donald Trump.
00:34:00.380 During the period of April 2018 to July 2018, I represented Michael Cohen.
00:34:07.840 Today, I can talk to you about what Michael Cohen told my law partner and me because Michael Cohen waived the attorney-client privilege at the request of the U.S. Attorney's Office for the Southern District of New York.
00:34:19.680 The reason was Michael Cohen had pled guilty to eight felony counts in the Southern District and was seeking to lessen his sentence.
00:34:28.880 And he thought he could be clever by going into the U.S. Attorney's Office and lying about cooperation.
00:34:35.540 Michael Cohen went to the U.S. Attorney's Office and accused Rudy Giuliani and myself of conspiring to obstruct justice by tampering with a witness, namely Michael Cohen.
00:34:45.220 The story, which they were floating at the time and his lawyers put out in the various newspapers, was that we had dangled a pardon under Michael Cohen's nose in order to keep him quiet so that he wouldn't testify against Donald Trump.
00:35:01.480 When I received a call from the U.S. Attorney's Office saying, Bob, we'd like to talk to you about your representation of Michael Cohen, I said to them, can I presume that you guys are sitting there with a copy of the waiver of the attorney-client privilege?
00:35:16.080 And they said, you presume correctly.
00:35:18.200 I told them to scan it over to me, and once I received it, I'd be delighted to talk to them.
00:35:22.740 And I did.
00:35:24.240 I went down to one St. Andrew's Plaza with a lawyer who had been the chief of the criminal division when I was deputy chief, Tom Fitzpatrick.
00:35:34.940 And on the way into the office, he said to me, Bob, aren't you nervous?
00:35:39.180 I said, what for?
00:35:40.480 I'm going to tell the truth, and I have documentary evidence that corroborates me six ways from Sunday.
00:35:45.540 I said, there's nothing to be nervous about.
00:35:46.940 And in fact, I said, I'll bet you $10 I'll have these people laughing within 15 minutes.
00:35:51.520 I won the bet.
00:35:53.820 I went up and I sat with two assistant U.S. attorneys, Tom McKay and Nick Rose, as well as two FBI agents whose names, unfortunately, I don't remember.
00:36:03.320 But we had a grand old time.
00:36:04.740 I explained our entire history with Michael Cohen through e-mails and text messages.
00:36:10.660 I explained the many, many lies that Michael Cohen told us.
00:36:14.300 Most especially, I told them that when we first met Michael Cohen in April of 2018, keeping in mind now that I read Michael Cohen's testimony from yesterday's trial in New York on the way down on the train,
00:36:30.760 and virtually every statement he made about me was another lie, a lie that can be proven not just by me denying it, but by myself, Jeff Citron, or Rudy Giuliani, or e-mails or text messages, virtually every statement that he made.
00:36:46.000 What he tries to do is he picks out, cherry picks, certain e-mails or text messages and tries to make them look like something else.
00:36:54.700 The story he told yesterday was that Rudy Giuliani and I were somehow conspiring to try and keep him quiet, to try and keep him from flipping.
00:37:03.100 That's the term we use in the trade for cooperating.
00:37:05.240 That's ridiculous.
00:37:07.800 The first day that we met with Michael Cohen at the Regency Hotel, at his request, and there's email correspondents that show this, we went up there.
00:37:16.440 I had never met Michael Cohen before.
00:37:17.900 I didn't have any idea who he was or what sort of problem he was in.
00:37:22.440 I saw this guy in a conference room at the Regency Hotel marching back and forth like a tiger in a cage.
00:37:29.080 He was absolutely manic.
00:37:30.780 He looked like he hadn't slept in four or five days, and he kept on—he knew my partner, Jeff Citron, for 10 years.
00:37:37.980 I didn't know the guy.
00:37:39.080 He kept on pounding on the table throughout his speeches that day.
00:37:43.060 Guys, I want you to know, I will do whatever the F I have to do.
00:37:48.020 I will never spend one day in jail.
00:37:50.920 He had to say that at least 10 times, maybe 20.
00:37:53.820 It was his constant litany as he walked back and forth.
00:37:56.500 So I said, Michael, sit down.
00:37:59.460 We need to discuss what's going on here.
00:38:01.020 He told us about the raid, that his offices had been raided, his home had been raided.
00:38:07.160 And he said, I didn't do anything wrong, guys.
00:38:09.760 I don't know what they're looking for.
00:38:11.920 And I said, Michael, the people in the Southern District of New York are very smart people.
00:38:16.520 They got a search warrant for a lawyer's office.
00:38:18.800 You can't do that just by going to the U.S. attorney.
00:38:21.680 You need to go to Maine Justice and get approval from Maine Justice.
00:38:25.260 You need to show them that you have proof that a crime has been committed and that evidence of that crime is going to exist at the site to be examined.
00:38:35.240 I said, so, Michael, these people think that you did something wrong.
00:38:38.700 What is it?
00:38:39.720 I said, this is protected by attorney-client privilege.
00:38:42.100 And it wasn't until he waived the attorney-client privilege.
00:38:44.980 I swear to God, Bob, I didn't do anything wrong.
00:38:47.240 In fact, I'm cooperating with the special counsel.
00:38:49.600 I'm cooperating with Congress.
00:38:51.760 Of course, he forgot to tell us that he lied to Congress.
00:38:54.460 But that was part and parcel of the way Michael Cohen is.
00:38:58.440 So I sat him down and I said, look, Michael, clearly here, you're not the target.
00:39:03.240 Nobody's ever heard of Michael Cohen.
00:39:05.460 But you are the lawyer for President Trump.
00:39:08.620 And clearly, that's their target.
00:39:10.760 And let me explain to you how things work.
00:39:12.680 When they get a search warrant, they're looking to gather evidence.
00:39:15.360 They already have evidence against you for something.
00:39:17.860 But you haven't told us what it is.
00:39:19.600 And they are going to roll over you.
00:39:21.480 You're just a bump in the road.
00:39:23.100 Their target is Donald Trump.
00:39:24.960 So I want you to think carefully now.
00:39:26.980 And by the way, up to this point, he had told us, when he introduced himself to us, that two nights before, he was on the roof of the hotel, of the Regency Hotel, seriously considering jumping off, committing suicide.
00:39:40.440 Because he couldn't handle the pressure of the legal problems that he saw coming his way.
00:39:45.760 And what he wanted to find out from us that day was his escape route.
00:39:50.080 That's what he called it.
00:39:51.320 Guys, you have to tell me what my escape route is.
00:39:53.340 What can I do to get out of this?
00:39:55.540 And I did.
00:39:56.600 My obligation as a lawyer at that point in time was to explain to him what his options were.
00:40:01.900 Clearly, one of his options was to cooperate.
00:40:04.800 And I said to him, I said, Michael, the way this works is, if you have truthful information about Donald Trump, that's clearly what they're looking for, I can have all your legal problems solved by the end of the week.
00:40:18.740 His response, I swear to God, Bob, I don't have anything on Donald Trump.
00:40:22.800 I said, Michael, I want you to think carefully about this.
00:40:25.980 I probably came back to this subject 10 or 20 times during the two-hour period.
00:40:30.600 Every time I brought it up, every time he answered, I swear to God, God, excuse me, Bob, I don't have anything on Donald Trump.
00:40:39.200 I said, Michael, whatever you have has to be truthful.
00:40:43.140 If you think you can go in there and tell these people lies, you're crazy.
00:40:46.500 It's going to backfire on you.
00:40:47.800 You can't do that.
00:40:48.880 So do you have anything on Donald Trump?
00:40:50.880 Probably the fifth or the sixth time I got around to doing that, he said, well, I know that money is missing from the Trump inaugural ball.
00:40:59.700 I said, is Donald Trump involved in that?
00:41:01.800 No.
00:41:02.800 Does Donald Trump know anything about that?
00:41:04.880 No.
00:41:05.600 I said, Michael, that's useless.
00:41:07.140 You're not going anywhere with that.
00:41:08.720 You asked me for your escape route.
00:41:10.820 I'm telling you your escape route.
00:41:12.840 All you have to do is be truthful if you have some real evidence on Donald Trump.
00:41:18.500 His litany was the same all the time.
00:41:20.620 I don't have anything on Donald Trump.
00:41:22.280 This is exactly the opposite to what I saw him say on TV.
00:41:26.820 He was telling the grand jury in Manhattan and the district attorney's office.
00:41:30.820 He said, I went in there, I believe if my memory is correct, 20 times, including two appearances in the grand jury, 18 times preparation sessions with the DA's office.
00:41:41.660 I was sitting at home listening to this, and I said, that's nonsense.
00:41:45.460 That's not what he told Jeff Citron and myself.
00:41:47.380 And I decided at that point in time, I've got to make it known to both the defense and the prosecution what the real story is, who this guy really is.
00:41:57.180 So I provided all this material to Donald Trump's lawyers, and I provided it to the Manhattan DA's office.
00:42:04.920 And I asked for a meeting with District Attorney Bragg because I wanted to go in there, let him look me in the eye, and let me explain all of the stuff that we had on Michael Cohen that showed that he's an inveterate liar, that God can't be trusted.
00:42:18.920 He said, Greg, turn me down.
00:42:21.320 But what he did say was, I'll let you have a meeting with the assistant district attorneys.
00:42:27.600 Now, when the Trump people heard about all this, they insisted, as was they right under the law, that the DA put me before the grand jury.
00:42:38.580 So I was scheduled for a Monday.
00:42:41.280 On the Friday before, I gave the DA's office the courtesy of a Zoom conference for about an hour and a half.
00:42:47.420 Eight assistant district attorneys and me on the other end.
00:42:51.240 I explained, they didn't really ask me any questions.
00:42:54.480 They just said, what do you want to say?
00:42:56.580 Nice, warm greeting for somebody who's trying to show them the right path quietly and privately so that they could correct their error before they made it.
00:43:05.480 Here's what happened.
00:43:08.160 We'll stop there, Mr. Cussett.
00:43:09.400 We'll get back to you during the questions.
00:43:11.000 Did I run out of my time already?
00:43:12.440 Yeah, a little bit.
00:43:14.100 That's why I had eight minutes.
00:43:14.980 It just says I have 1.38 to go, or is that 1.38 over?
00:43:17.860 1.38 over.
00:43:18.760 I'm sorry.
00:43:19.280 That's fine.
00:43:19.840 That's fine.
00:43:20.420 Excuse me, Mr. Chair, point of order.
00:43:22.580 Will the witnesses all be given seven, eight minutes?
00:43:25.460 What is that?
00:43:26.080 Yeah.
00:43:26.600 It's usually five.
00:43:27.800 So we didn't know that in advance to be able to-
00:43:30.400 We're going to give them a little extra time.
00:43:31.460 I gave you 14-
00:43:32.180 But she didn't have time to prepare eight minutes of testimony, opening statement. 0.51
00:43:36.980 She's a smart lawyer. 0.97
00:43:37.880 She can probably ad-lib for a few minutes if she'd like, but that's only up to her.
00:43:41.900 Well, we'd like it to be something more than ad-lib, as we just heard.
00:43:45.280 We listened-
00:43:45.760 Okay.
00:43:46.380 They're already knowing Bob Costello very well.
00:43:50.340 Went a little over his time, but this is going to be quite interesting.
00:43:54.880 He dropped a couple of bombs right there on Michael Cohen.
00:43:57.900 While we took it back and finished up with inflation, guess what?
00:44:02.480 Your favorite show made a big star turn in the Democrats' opening statement.
00:44:08.360 Let's go ahead and play it.
00:44:09.300 If Denver can go ahead and let it rip, I'll play in its entirety and come back for some commentary.
00:44:13.180 This is just moments ago by the Democratic Congresswoman, I think from the Virgin Islands.
00:44:18.640 She let it rip on her opening statement and featured the war room. 0.60
00:44:22.640 Let's go ahead and see it.
00:44:23.280 And even after the embarrassment of recent hearings today, Donald Trump and his cronies don't think that the chairman is doing enough.
00:44:32.580 We're here today simply because Donald Trump's sycophants have been taunting the members of this committee on the GOP side
00:44:41.600 and Judiciary Republicans for not doing anything tangible to defend Trump against our judicial system.
00:44:49.660 Lackies like Natalie Winters, a Trump loyalist and an executive producer for Steve Bannon's show,
00:44:57.520 have been mocking Chairman Jordan's leadership of the committee openly.
00:45:02.140 As you can see up there, when the House Judiciary tweeted,
00:45:07.480 Imagine actually believing Michael Cohen.
00:45:10.400 She retweeted and said,
00:45:12.260 Imagine actually believing at GOP, at Judiciary GOP will do anything about it.
00:45:20.660 Just as one example, on Monday, she put that tweet up and then Fox's Maria Bartiroma and Steve Bannon himself have gotten into the act.
00:45:33.260 And here they are.
00:45:34.520 Why aren't you being louder about this?
00:45:36.740 Why aren't I hearing anything from this committee?
00:45:39.600 I had to just ask you about it.
00:45:41.620 Just let me be clear.
00:45:44.520 Viewers are sick and tired of hearings.
00:45:47.080 They're sick and tired of letters.
00:45:49.020 They're sick and tired of hearing complaints.
00:45:51.240 They want action.
00:45:52.600 President Trump is in a trial all day long, every day in New York City.
00:45:57.440 Where is this committee of weaponization and what are you doing about it?
00:46:01.840 I just spoke with Kevin Hassett, the former chairman of the White House Economics Council, and he said,
00:46:07.420 Make no mistake, if we see President Trump go to jail because he violated this gag order, markets will react.
00:46:14.640 Okay, congressman, we're losing the country.
00:46:17.720 So with all the respect, I'm not blaming you specifically, but it's not enough to set up a committee that's called the weaponization of federal government.
00:46:26.080 That's not doing it for anybody.
00:46:28.160 We want to hear more from you.
00:46:29.600 We want to hear action.
00:46:30.880 We want to know what the heck is going on in this New York trial where nobody can seem to come up with a crime.
00:46:38.400 Well, I'll tell you what I'm specifically doing.
00:46:40.620 Okay, okay.
00:46:41.560 No, I don't need to hear a backbencher.
00:46:44.220 I'm sure you're a good guy, and I'm sure you're trying to do a lot, but it's not, as Maria Bartiroma says, and man, she lit him up.
00:46:52.820 We all heard her.
00:46:53.840 It's not enough to set up a committee just called the weaponization of the federal government.
00:46:58.820 That's not doing it.
00:47:00.600 We want action, and that's why we're here today.
00:47:05.500 We're here at the beck and call of Trump fanatics and talking heads on cable and Internet talk shows in the MAGA world
00:47:13.640 who, like Bartiroma and Bannon, have goaded this committee to act
00:47:19.040 because the purpose of this select committee is, in fact, to be an arm of the Trump campaign and take his orders.
00:47:28.940 And yes, we know your mad things are not going your way.
00:47:33.000 Republicans are upset because the Justice Department has determined that it must prosecute Donald Trump
00:47:38.240 because the allegations against President Biden amount to nothing, both at the Justice Department
00:47:44.920 and even in this chamber in the House, by the very committees Republicans created to investigate President Biden.
00:47:52.500 Okay, that's a throwdown right there.
00:47:54.420 And ma'am, unfortunately, you would be 1,000% incorrect.
00:47:58.600 There has not been enough done, and we don't call it goading.
00:48:02.880 We call it demanding.
00:48:04.200 This audience of American patriots and citizens are demanding, demanding a formal criminal conspiracy investigation,
00:48:13.960 not by weaponization, but by judiciary.
00:48:17.080 And guess what?
00:48:17.700 You guys will have a ranking member, and you will have minority counsel,
00:48:21.380 and you'll be able to get all the information.
00:48:23.280 You'll be able to cross-examine witnesses as the American congressional system set up.
00:48:27.400 Now, something that didn't happen on J6, and the reason nobody pays attention to J6
00:48:32.300 and your whole big push for anti-democracy and all that, cratered because by an 11% differential,
00:48:40.160 the proxy for the American people, the kind of independent, non-affiliated Republican or Democrat voters
00:48:45.860 have told pollsters by 11%, wait for it, Donald Trump is a better guarantor of our democracy
00:48:53.400 than the illegitimate guy occupying, the usurper occupying 1600 Pennsylvania Avenue.
00:49:02.800 This weaponization, Jim Trussie, the president's lawyer, is going to be up next.
00:49:06.780 We are going to take a short commercial break.
00:49:08.140 I really want to thank Real America's Voice, one, for pulling the clips,
00:49:10.660 also for juggling back and forth, and for breaking a couple of, blowing a couple of breaks here.
00:49:16.900 We're going to take a short commercial break.
00:49:18.540 We're going to be back in a moment.
00:49:20.240 We've got a lot of show to get to.
00:49:21.640 We're going to be going in and out of the weaponization committee.
00:49:23.880 It's already getting a little heated.
00:49:24.920 If you really had a chance to listen to Bob Costello's testimony under oath and his allegations,
00:49:32.660 pretty, pretty, pretty powerful for this fiasco going up in New York.
00:49:38.180 Short commercial break.
00:49:39.700 We're going to turn on Real America's Voice in just a moment.
00:49:44.500 I want to warn you of a huge change that could be coming to our money and our bank accounts.
00:49:50.200 First, think back to 9-11, shortly after the government pushed through the Patriot Act.
00:49:54.660 This gave the government power to spy on innocent Americans by monitoring our phone and email
00:49:59.960 and tracking our movement across the Internet.
00:50:02.600 Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence,
00:50:07.540 and New York Times bestselling author, is warning about a coming event that could elevate this
00:50:13.280 governmental surveillance to a terrifying new level.
00:50:16.300 In fact, some of the guests I've had on The War Room believe that the government will soon
00:50:20.460 expand their powers to track our every move.
00:50:23.820 If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA,
00:50:30.440 the government may be able to shut us out of our bank accounts.
00:50:34.720 I can't say for sure if this will happen, but it's an interesting and dire warning.
00:50:40.260 Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us
00:50:45.280 on what he believes is coming and how to protect yourself from the possibility of programmable money.
00:50:52.580 Watch Jim's warning video now before it's censored like I've been in the past.
00:50:58.360 Go to RickardsWarRoom.com.
00:51:00.360 That's RickardsWarRoom.com now to see the video.
00:51:04.340 ...to foster the ideal conditions for individual liberty, human success, and societal flourishing.
00:51:11.400 But the system was always predicated upon the continued existence of a just and moral society,
00:51:19.300 where action in the pursuit of justice and morality would counteract the worst of human ambition.
00:51:26.520 It was also predicated upon the continued existence of a federal government,
00:51:30.100 strong enough to do what the governed had consented to in the Constitution,
00:51:34.180 but not so omnipotent as to be able to undermine the liberties of the individuals and the states.
00:51:41.400 It was also predicated upon a recognition that the concentration of power in the hands of a few
00:51:47.080 was a recipe for tyranny.
00:51:50.580 And of course, the mere existence of words on paper alone does not guarantee any individual's rights.
00:51:57.700 Rather, it has been action taken by principled people that fulfills those guarantees
00:52:04.080 and secures those individual liberties.
00:52:07.040 Put differently, in America, thanks to the wisdom and foresight of our founding fathers,
00:52:15.380 our Davids have always had a chance against our Goliaths.
00:52:19.740 But sadly, we live in unprecedented times where the concentration of power in the federal government,
00:52:27.960 particularly in the executive branch under President Biden's leadership,
00:52:31.760 has served as the fulcrum through which other powers in society oppress the individual
00:52:37.020 and undermine the foundation upon which our national success resides.
00:52:41.840 The Biden administration, and most notably, the Department of Justice,
00:52:48.100 appears to have embarked on a journey of political persecution of those with whom it disagrees,
00:52:54.740 with the end result being the total social, economic, and political domination of the populace.
00:53:02.480 And beyond its attempts to silence and imprison its political opposition,
00:53:05.800 the Biden administration has engaged in an obsessive-compulsive campaign of division
00:53:11.020 and spoliation of the public fisc based on the immutable characteristics of American citizens.
00:53:18.620 Its efforts are incessant and relentless.
00:53:22.360 We live in a time in which any attempt even to describe the current state of affairs
00:53:27.960 gets labeled as disinformation, misinformation, malinformation, and worthy of censorship.
00:53:36.180 Or worse, content worthy of subjecting an individual to criminal prosecution.
00:53:43.340 Memes are prosecuted.
00:53:45.940 Business leaders are subjected to intrusive investigation solely because of their outspoken views.
00:53:53.160 Actual peaceful protesters are imprisoned.
00:53:56.100 And all the while, violent and repeat criminals run free in major cities across the United States.
00:54:03.740 In this new and unprecedented world, everyone, including a former president of the United States,
00:54:11.520 is threatened by the federal leviathan and private elites who seek total domination
00:54:16.920 and control over every aspect of human life.
00:54:21.080 The political persecution of President Trump by the Biden administration is unlawful.
00:54:26.100 Unprecedented and un-American. 0.66
00:54:30.020 These prosecutions must end.
00:54:33.740 But make no mistake.
00:54:36.460 The American people must understand.
00:54:40.120 The intended impact of the administration's conspiracy
00:54:42.980 extends far beyond any personal consequence to President Trump.
00:54:47.780 Instead, the intended result is to chill dissent, silence speech,
00:54:55.420 and convince the American people that the weight of the federal government
00:55:00.640 can be forcefully weaponized against anyone who stands in the way.
00:55:05.680 President Trump is in the administration's crosshairs to discourage anyone now or in the future
00:55:13.000 from challenging the administration's agenda.
00:55:15.520 The Biden administration must not be allowed to indict and potentially imprison its political opposition with impunity.
00:55:25.120 My written statement highlights just three glaring problems, examples of lawfare that are being used against President Trump.
00:55:36.700 Number one, the Biden White House granted an illegal special access request
00:55:43.340 to allow the Department of Justice to illegally obtain access to President Trump's records.
00:55:50.120 Two, the Biden administration is prosecuting President Trump
00:55:54.280 based on an erroneous and faulty interpretation of the Presidential Records Act
00:55:59.520 and actually provides individual bureaucrats with greater control over their records than President Trump.
00:56:07.140 Three, the Biden administration has weaponized a white-collar criminal statute for the first time in history
00:56:14.320 to attack President Trump and others.
00:56:17.680 But there are so many more examples.
00:56:20.320 The average American citizen residing outside of the Beltway,
00:56:24.720 away from the isolated, elitist bubble,
00:56:28.660 where ends justifying the means seem to be a mantra for many,
00:56:32.100 is tired of watching institutions they once trusted violate the law
00:56:37.820 and undermine the critical components of the constitutional and social constructs
00:56:43.160 that made ours the greatest country in history.
00:56:47.260 The remaining issue then is what must be done.
00:56:51.400 The time is now for institutional ambition to counteract institutional ambition.
00:56:58.660 For Americans to stand up unafraid and unapologetic for the values that they hold dear.
00:57:07.160 And for our republic to reject the radical weaponization of the executive branch.
00:57:13.120 Thank you.
00:57:13.960 Thank you, Mr. Hamilton.
00:57:15.040 Ms. Winebanks, you're recognized.
00:57:17.060 Okay.
00:57:17.340 Okay.
00:57:20.160 Okay.
00:57:20.800 We've gotten through the three major.
00:57:22.720 Costello, trustee, and that's Gene Hamilton,
00:57:25.320 and one of the smartest guys around from AFPI.
00:57:30.640 We're going to be going in and out of this for the remainder of the morning,
00:57:34.560 but we've got some very special guests.
00:57:36.600 We're going to get to all of that.
00:57:38.300 Jack Posobiec is going to join us in the second hour.
00:57:40.500 A very special guest and very close friend of Dr. Peter Navarro will be in studio
00:57:46.320 following on Sergio Gore and, of course, Don Jr.
00:57:50.120 coming by after they saw Dr. Navarro in prison last week, so we'll get to all that.
00:57:55.260 Also, a lot more.
00:57:56.080 I've got to make a quick stop in Minnesota.
00:57:58.840 An Islamic flag now flies above the state capital of that magnificent state.
00:58:06.000 We're going to talk to somebody about exactly how that happened.
00:58:09.780 How do we get jacked up in the morning?
00:58:11.280 How do you get focused early in the morning?
00:58:12.900 In the pre-dawn hours of what we're putting together, war room?
00:58:16.140 And you just saw the power of war room.
00:58:19.200 They're blaming this weaponization committee on this audience.
00:58:22.180 You out there, because you put pressure on people.
00:58:24.560 You notified people and said, hey, we've got to be doing this.
00:58:27.860 How do you do that so early in the morning?
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00:58:56.320 90-second break.
00:58:57.620 We're going to be back with weaponization and a whole lot more here in the War Room.
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