Bannon's War Room - June 19, 2024


Episode 3696: Question The Institutions


Episode Stats

Length

55 minutes

Words per Minute

174.18318

Word Count

9,644

Sentence Count

826

Misogynist Sentences

2

Hate Speech Sentences

12


Summary

Debt continues to rise and is on track to hit a record high of $56 trillion by 2034, and it continues to go up regardless of who s in office in 2020. Joe Biden and other politicians have been warning that unless something dramatic is done, it will continue to rise over the next 10 to 15 years. In this episode, we take a look at what the risks are, and what we need to do to bring that debt down.


Transcript

00:00:00.000 Budget Office, by the way, is now forecasting a $400 billion increase for this year's budget
00:00:05.200 deficit. That number is 27 percent higher than the budget watchdog's original estimate back in
00:00:10.620 February. Social Security and Medicare are among the key factors driving those costs up.
00:00:17.060 The CBO is projecting that the nation's debt is going to top $56 trillion by 2034 as spending
00:00:25.720 and interest expenses continue to outpace tax revenues. And it continues to go up. And whether
00:00:33.880 there's a Republican or Democrat in power, unless something dramatic is done, it will continue to go
00:00:39.700 up over the next 10, 15 years. Talk about the risks that we face as a nation and what we need to do
00:00:47.700 to bring that debt down. So first of all, Joe, the risks are enormous. But just to put this in a
00:00:54.380 little bit of historical context, as you as you well know, President Clinton left office with a
00:00:59.860 surplus in the budget. We still had debt, but at least we were starting to pay it down. And then
00:01:04.700 George W. Bush came into office and famously Cheney said to him, deficits don't matter. Reagan proved
00:01:10.880 that. And they passed two rounds of tax cuts, eliminated the surplus. And we went off into
00:01:15.920 deficit land where we have been ever since. And obviously we had crises like 2008 that we had to
00:01:21.860 respond to. And there was a pretty valiant effort by President Obama after that to try to get the
00:01:27.640 deficit down. But we didn't make that much progress. And then Trump came along with this huge tax cut
00:01:33.280 that he said would be paid for. And it turns out it ended up costing almost $2 trillion, according to
00:01:39.000 CBO numbers, of extra debt simply from his one tax cut. And we had COVID, which we had to deal with,
00:01:45.620 obviously. And now here's where we are, as you just said. I think the danger is a couple of
00:01:51.500 dangers. The first danger is that if Trump comes back, his tax cuts actually expire mostly next
00:01:57.460 year. He wants to extend them. The CBO has read that. That's been trying. That's been trying.
00:02:02.600 That's trying. This all lies in the story. They didn't talk about the trillions of dollars,
00:02:07.560 the American relief, the infrastructure, this thing and the other thing.
00:02:11.920 Biden's been the madman here. I think our deficits were $400 billion, $450 billion,
00:02:19.020 which was too much. But hey, in our first year, what his punchline gets to his tax increase. First,
00:02:26.480 I want to go back to Dave Brat. The smart money on Wall Street, Goldman Sachs, which has turned,
00:02:32.760 it used to be an investment bank, essentially a hedge fund now. This is supposed to be the smartest of the
00:02:37.800 smart, right? The inside baseball, the inside baseball. Dave Brat has got it. They've looked
00:02:45.200 around and they've looked at the spending and they looked at the consumers tapped out right now and
00:02:50.960 the layoffs are starting. They said, hey, how are we going to make money? Well, we made money on the
00:02:56.620 upside when they were flooding the zone with easy cash, but maybe that's not going to happen if some
00:03:00.700 of these people weren't going to get sensible. Why don't we look at these clowns in the middle,
00:03:04.500 the middle class? How do we work at a short? How do we bet against them? That's what a short is.
00:03:09.340 How do we bet that everything they deal with is going to go down and not be in a good place?
00:03:15.320 And that's where Dave Brat exposes Goldman Sachs short on the middle class. Where is it, sir?
00:03:22.780 Yeah, no, that's right. And it's actually gotten worse. At first, they were just shorting
00:03:27.180 the low-income consumer. But now, you know, they have market baskets of stocks that they bundle
00:03:34.940 together. And so now they're shorting the performance of you, everybody listening to the
00:03:40.480 show, the middle class and your economic prospects because they know you've lost, you know, 30% of
00:03:47.500 your purchasing power over the last seven years, right? 20% of your purchasing power over the last
00:03:52.540 four years due to inflation. And prices are still going up, up, up. They've never come down.
00:03:58.900 And so the chart I showed, if Denver wants to put that one up again, this thing just shows the
00:04:04.740 company mentions, right? Firms, companies, and their mentioning of low-income consumers. Well,
00:04:11.640 there's no mention, you know, for 20, 25 years there for most all the graph. And then all of a sudden,
00:04:18.200 markets get really savvy. And instead of looking out for the best interests of the American people
00:04:25.820 and the common good, they look out for themselves, right? And so, you know, what's a Judeo-Christian
00:04:31.480 economy look like? Well, you might go with the two great commands, love God and love your neighbor.
00:04:36.320 And when you're trying to short out two-thirds of the American people and middle class, that's not a
00:04:40.420 good look. And so the next chart, Denver, I'll just go quickly over these two. Who is winning?
00:04:45.140 The next chart, the indexed EPS growth. Here's five stocks, right? You know them all. Microsoft,
00:04:51.900 NVIDIA, Google, Amazon, Meta, accounted for 60% of the S&P total year-to-date return. Let me say
00:05:00.460 that one again. Those five firms, right? The big tech firms have accounted for 60% of the S&P 500
00:05:06.640 total returns, right? The S&P 500 is 500 firms. So that top line is showing the rocket-like takeoff of
00:05:14.720 the super wealthy. And it's bad enough that the top 10% own 90%. Look at the next graph and look
00:05:21.680 at Trump territory on this graph from the Federal Reserve Bank at the far right. Kind of hard to
00:05:28.860 read. It's small. I'll post all this stuff. But what this shows is the dynamics and the spread between
00:05:34.420 the top 0.1%, the super wealthy, the owners of those firms, right? Versus the bottom 90% is the
00:05:42.920 bottom line. The bottom 90%, ownership of the wealth in those countries going down, down, down.
00:05:48.540 The 0.1%, not the 1%, the 0.1% going up, up, up. And that line is at 2020. And so look at the Trump
00:05:59.300 years and you'll see something interesting. The super wealthy, the 0.1% were going down for the
00:06:06.260 first time on that trend line. And look down below it at the brown line. During the Trump years,
00:06:13.220 the bottom 90%, that was leveling it off and starting to go up. And then right at 2020,
00:06:19.460 all political views are my own, right back to normal and the wealthy takeoff. And you got the
00:06:24.580 globalists and all the elitists winning the day again.
00:06:30.160 Let me go to, Dave, just saying, let me go to EJ and Tony. Ratner said one point thing. They're
00:06:36.320 going to go to taxes. They're going to have to, they've got two ways they're going to tax us
00:06:40.000 through the insidious tax of inflation, or they're just going to pass a massive tax increase. And
00:06:48.220 that's coming for you folks. Don't think they're going to, the wealthy ain't going to pay this.
00:06:52.060 It never happens. They got accountants, lawyers, lobbyists. It never happens. They're coming for
00:06:57.720 you. You're going to pay for this. And so that's where we got to stop it. Or you got to have massive
00:07:02.940 reductions to federal spending, starting with the defense budget. And Wicker's down there talking
00:07:08.600 about going to 5% of GDP. When you've got a deficit that now I think is over 8% of GDP, it's insanity.
00:07:15.580 EJ and Tony, your thoughts, you were called shot on this over a year ago. Tell me your thoughts
00:07:21.200 today, sir. Well, Steve, this certainly feels like another Pyrrhic victory. It was a lot more
00:07:27.220 fulfilling doing accurate forecasting work during the Trump years when it meant things like rising
00:07:32.740 real wages and a burgeoning middle class. Today we have exactly the opposite. But looking through
00:07:38.520 these CBO numbers, it's not a good picture. And one thing that I think is very important to point out
00:07:44.360 when CBO talks about net interest on the debt is that's not actually the cost of servicing the debt.
00:07:50.320 What they do is they take the cost to service the debt, sometimes called gross interest, and then
00:07:55.600 they subtract out all different types of interest income to the Treasury. And that's where they get
00:08:01.000 this essentially made up category of net interest. And so when they talk about a trillion dollars a year
00:08:08.000 to service the debt sometime in the future, that's not the future. That's where we are today. By the end
00:08:14.760 of the decade, we're already going to be approaching three trillion dollars a year just to service the
00:08:21.220 debt. I mean, this thing is very quickly spiraling out of control. And Steve, you're 100% right that
00:08:27.220 this is ultimately going to be paid by the middle class. Some of the biggest advocates, in fact, for tax
00:08:33.520 increases are the very wealthy, are large corporations because of exactly what you just mentioned.
00:08:39.040 They have the lawyers, they have the lobbyists, they have the accountants. And so they can get
00:08:43.840 around these higher rates of taxation. And it's always their competition. And it's always the
00:08:49.380 middle class that are stuck paying the bill.
00:08:55.680 I want to go to the because they say, oh, the MAGA people, anti-institutionals, they want to burn
00:09:00.700 anything out. No. One of the reasons we're in this jam is because the institutions have allowed themselves
00:09:08.060 to be instruments of the ruling class. And they have put out, knowingly put out false information.
00:09:16.280 There's not, okay, if the guys in the war room on the back of the envelope can call this over a year
00:09:20.840 ago, you're telling me with all the brainiacs and all the layer after layer, they didn't know this.
00:09:26.280 You don't have 27% surprises. Boom. You know that in your own life. You don't have a 20, 27%
00:09:32.860 difference in the numbers. It's a catastrophe. Also, so it's CBO, it's the Federal Reserve,
00:09:40.400 it's the Treasury Department, it's the Bureau of Labor Statistics. They're all lying to you.
00:09:45.760 These numbers in CBO are lies because they haven't fully accounted. They've taken the consumer demand
00:09:55.000 from the illegal alien invasion, the 10 to 15, and the lower cost as far as labor costs because they
00:10:01.780 drove down African-American and Hispanic people's wages, right, with their plan. And that worked.
00:10:09.360 Didn't work for African-Americans and for Hispanic families, but it worked for your sociopathic
00:10:14.880 overlords. But they didn't include all the other costs of what it's going to take. So the CBO numbers
00:10:21.120 are much worse. That 50-some tree in the same 20, forget that. These guys are the ones that we had
00:10:27.240 a historic, you know, deficit reduction plan. We're going to cut this off. Remember that nonsense back
00:10:31.800 in May of 2023 that we laughed at and picked apart? This is all this is now. These numbers are horrible
00:10:40.080 and they're getting worse. This is accelerating at an accelerating rate. That means that's kind of
00:10:46.120 fancy, you know, tech talk for we're in deep trouble and this is spinning rapidly out of control.
00:10:55.720 E.J. and Tony, your thoughts, and particularly you've done great analysis on Bureau of Labor
00:10:59.320 statistics. They've lied about the jobs. They've lied about the illegal aliens. They've lied about
00:11:03.740 the cost of money. They get a category of net interest from the really gross interest spending
00:11:08.640 over a trillion dollars already. Everything they tell you is a lie. And they say, oh, this is what
00:11:13.740 Bannon and these guys have poisoned the American people to question their institution because
00:11:18.360 they're lying to them like they're idiots. The American people and the American taxpayer and
00:11:24.720 the American citizens need to start being treated like adults. They made the right decision every
00:11:33.480 time in the history of this country, in the revolution, the civil war and World War II and
00:11:37.780 the Great Depression. Have some faith in them. This is, oh, it's the end of democracy. You're
00:11:43.720 going to end this ephemeral, the end of democracy. You're ending democracy and you're ending this
00:11:48.320 republic, E.J. and Tony, about the lies of the institutions.
00:11:52.760 Well, Steve, let's just look at the Bureau of Labor statistics. You know, just recently they came out
00:11:57.300 with data that showed that on top of last year's numbers already being revised down heavily,
00:12:02.820 now ending out that about one in every four jobs that was supposedly added last year likely never
00:12:09.360 even existed. So we're not talking about a small number here. When you have a labor force, when you
00:12:15.300 have an economy with over 150 million jobs, a fraction of a percentage point off in one direction
00:12:22.420 or the other, we're talking hundreds of thousands of jobs here. In this case, it's about 800,000 jobs
00:12:28.080 that, again, never even existed, despite the fact that month after month we were constantly told
00:12:34.240 about blockbuster jobs numbers and blowout growth in the labor market. There's a reason why people
00:12:40.400 feel so terrible about this economy and why the polling data, frankly, on this economy is so bad and
00:12:46.440 why it doesn't match up with the official government statistics. They both can't be right. Either the
00:12:52.000 people are wrong in how they feel about the economy or these official data are wrong. Well, guess what?
00:12:57.260 People's feelings are not invalid, OK? What is happening here is the data are simply not
00:13:04.300 representative of reality. And that's borne out, again, not just by the fact that people continuously
00:13:10.180 say they feel very bad about this economy, but also the fact that we continue to find out month after
00:13:16.640 month or quarter after quarter after the fact that the numbers were not what we were originally led to
00:13:22.320 believe. And folks, when these numbers are put out, you know, that's not true. You look around,
00:13:29.520 you look at the, you know, you look at your kids working, you look at people, you know, got two and
00:13:33.300 three jobs, you know, they're lying to you. And here's the reason the, the, the sociopathic overlords,
00:13:40.660 the ruling class of this country detest you. Just, you're going to have to embrace that. You're going
00:13:47.700 to have to embrace that. They detest you. You are a huge bother. The only thing they need you for
00:13:56.460 is to add muscle to any types of productivity they need. And they're trying to get rid of that as
00:14:02.800 quickly as possible with AI and robotics and quantum, you know, the quantum computing, all of
00:14:10.160 that. They're trying to get rid of that as soon as possible. They are, you know, trying to replace
00:14:16.620 you as homo sapiens. They, you're just a bother. You're in the way. You add to their problem with
00:14:23.520 the carrying capacity of the earth. They think it should be 500 million, not 8 billion. So they detest
00:14:31.380 you and this, and detest you. They don't think you're worthy of accurate information because
00:14:36.120 only somebody they respected. If they respected you, besides what happened, if they respected you,
00:14:41.940 wouldn't they have the common decency to work through these numbers and present it to you and
00:14:46.160 say, Hey, I think we got an issue here. Let's think this through as a nation. Let's think this
00:14:49.680 through as a people. No, they're not going to do that. Amber Rose told you it's propaganda and you
00:14:56.460 have to do your own research. Can your savings weather an economic storm? Think about what
00:15:03.580 you've put away for the future. Inflation can render cash worthless. Real estate can crash like
00:15:10.520 in 2008. Economies built on a mountain of debt can fall like a house of cards. There are very few
00:15:17.100 physical assets you can invest in that can stand the test of time. Gold has withstood this as a
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00:16:19.300 Here's your host, Stephen K. Band.
00:16:21.620 Why do you watch this show, particularly the grassroots, the you folks that have gotten
00:16:28.200 off the couch and are out there hammering it every day because you want to understand
00:16:32.500 not the meaning of it, but how does this go on? What is this machine that is inexorably
00:16:40.840 driving us to a place where we have less liberty and less freedom and we're farther and farther
00:16:45.800 removed, not just culturally, but the way the system works from what the framers in the
00:16:52.180 revolutionary generation had in mind? That's why we do so much macroeconomics and in capital
00:16:59.820 markets because the imperial capital, Dave Brad will tell you, it's all about money. It's
00:17:06.280 all about money. What you've infused in this conversation as America First and MAGA is to
00:17:12.420 understand that in the back of this is a spiritual war. But in the front, the materialistic part,
00:17:20.840 it's about money and power. And you have power now. You got it the old fashioned way. You work
00:17:29.080 for it. Why do you think the hedge funds, why do you think they do the NBC and New York Times,
00:17:32.840 why do they do the show? Not me. I'm sitting there just ranting and raving. It's you because you have
00:17:38.680 put this to work and say, not on my watch. We're not going to do that. And we're going to take this
00:17:44.200 country over and start the grassroots level at school boards and at precinct strategy and town
00:17:48.740 commissions and county supervisors and eventually state parties and the Republican Party. And you're
00:17:55.680 the ones guys that brought Trump back. They thought they had crushed Trump politically as a political
00:18:03.100 figure and a cultural figure. And he's now ascended. He's more powerful than he's ever been. How did
00:18:08.440 that happen? You. He had the guts and the courage and the fortitude to do this, understanding what
00:18:17.300 was going to be in front of him. And that's why it's the most patriotic act in the history of this
00:18:22.680 country to go up against these demons like Rachel Maddow and the Morning Mika crowd and, you know,
00:18:30.740 Merrick Garland and, you know, James McCabe or Andrew McCabe and all of them, all of them, the whole,
00:18:37.040 the whole thing. And now you see they're nervous. Why do I mock them for being sad and they're crying
00:18:43.100 on TV and they're having the sad face because they understand their crimes. They understand what they
00:18:48.480 came very close, that close to pulling off. And if it was not for you, for you, not Trump, not me,
00:18:57.580 not Tucker, not Alex Jones, you, you, it was not for you, it'd all be gone.
00:19:08.620 Now, we've been blessed by having an individual like Donald Trump,
00:19:14.660 who in one of the most patriotic decisions in history, put himself out there in to save the
00:19:22.820 Republic, not just in 16, when it was the managed decline, you see what the Clintons are going to
00:19:28.000 do. Remember if they had won, think about that Merrick Garland being the Supreme Court and Larry
00:19:31.480 Tribe, all of it have been done. They would have had the House, the Senate, the courts. It was over.
00:19:35.440 The country was over. The Republic that we knew was over. And he stopped that. And then they stole it
00:19:42.100 in 2020. And he came back in the greatest political comeback in world history, world history.
00:19:48.400 And here we are today in Axios. And they know, that's why you think they're nervous. They understand
00:19:52.400 the Axios story, that the democracy, it's not working because people see in their lived experience
00:19:57.120 and see how their, their lives are ending. And think of how many generations people have been
00:20:03.240 here. How many generations has your family been here? Ask yourself that. How many generations
00:20:07.020 we've been here? And what do you have to show for it? You're a selfless people that never asked for
00:20:14.880 anything. You're a selfless people as a nation. Why do I know you're selfless? I can look at the
00:20:22.000 cemeteries throughout the world, the military cemeteries throughout the world on every continent
00:20:26.640 of American men and women that have given everything for other people's freedom.
00:20:31.900 But there comes a time when the American citizen has to be the center of this. And that's at the end
00:20:41.900 of the day, what this movement is. It's not simply America first. It's also American citizens first.
00:20:48.900 And it's not greedy or we need something or it's just, we've got to get away from this situation
00:20:54.720 where it's always if we need just to be destroying the working class and destroying the middle class
00:21:01.560 and making their lives harder so that we can extract every ounce of sweat and value for them.
00:21:09.320 This is the new bondage and that deficit and that spending because there's people that are making
00:21:15.140 a ton of money and living like lords and kings with this wealth. That's not the system that the
00:21:26.720 revolutionary generation set up. That's not the system that you have the military cemetery Gettysburg
00:21:35.480 for. That is not the system that 50 years ago or 80 years ago on Saturday, they stormed the beaches
00:21:43.140 at Saipan on the Normandy of the Pacific. A week after they stormed it in Normandy. That's not what those
00:21:53.540 folks gave their lives for. It's not the system that we have today and it has to be broken.
00:22:00.540 And the only force on earth that can break it is you.
00:22:05.420 Once you embody that, once you understand that, and once you commit to that, that's when things change.
00:22:17.020 It's Gregory Peck's speech at 12 o'clock high. The problem we have here at 12 o'clock high,
00:22:24.820 the pilots, is that you all think you're going home. No. We're expendable. The mission's everything.
00:22:31.780 First off, you have to assume you're already dead. Once you do that, we can make progress.
00:22:39.740 And once you understand and inculcate into yourself that you are the agent of change here,
00:22:47.380 that's when we will make real progress.
00:22:52.260 Dave Bratt, any closing thoughts, observations before we let you go, sir?
00:22:56.980 Yeah, well, you always frame it. And then EJ and I come in, fill in, connect the dots. And so what you
00:23:04.560 just framed about these forces in the world that the war room explains, like John Solomon and all
00:23:10.580 these researchers out there in the mainstream press miss, intentionally they don't want to report.
00:23:16.200 Do you ever wonder why ESG took over the world? You want to know why China has such an outsized
00:23:21.660 place in this country? It's because those big five firms I just showed you, the tech firms that are
00:23:27.640 making all the profits, the trillionaires, all of their institutional investors for all of those
00:23:34.140 five firms, right? All those big tech firms, the biggest three institutional investors in all of them
00:23:41.000 are BlackRock and State Street and Vanguard. And BlackRock, Larry Fink, ESG, there's been a war going on.
00:23:49.760 He's backing off a little because the posse has been on the case. We're getting educated
00:23:54.600 about these forces that are overtaking our firms, the wealthy firms. And by the way,
00:24:00.780 the vanguards and whatever, you think of them as just index funds. They're voting your shares.
00:24:06.620 So when Larry Fink forces ESG on us as a people, and E, by the way, stands for environment,
00:24:12.720 and China has the worst environment of all, it just takes a little common sense to say,
00:24:17.540 hey, Larry, why are you putting half your portfolio over in China if you care about the
00:24:22.320 environment so much? They don't. They want power. That's what they're amassing. Things are starting
00:24:28.320 to crack. You also mentioned the financial sector and the banking sector in Japan. Those unrealized
00:24:34.920 losses are losses, right? That has not been reported. There's 2,400 banks that have a 25%
00:24:42.060 probability of going under. There's 67 banks that are in deep trouble right now by the hill
00:24:47.380 a week ago. And you're getting all that on the war room. And so we're just teeing it up,
00:24:52.040 and then you need to spread the word. It's incumbent on you as great Americans to spread
00:24:57.520 this education to everybody, not just the war room, but far beyond, so they know
00:25:02.820 that they can be part of the American dream.
00:25:08.100 Dave Bratt, where do they go for your analysis? Incredible. Thanks for connecting dots here.
00:25:15.620 Yeah, no, just great. Liberty University, come visit. All my email, how to get me. I'm going
00:25:21.700 around giving talks. Florida, Texas coming up. Bratt, economics on Getter. I'll post all the charts
00:25:27.700 and some of the great information E.J. and I have been sharing today. Thanks, Steve.
00:25:33.660 No, it's amazing. Your assessment and analysis is correct. We'll get more into the
00:25:37.480 Larry Fink and these guys actually control these big asset managers, which has got to be broken
00:25:42.300 up. These are like the trust that Teddy Roosevelt broke up at the turn of the century. It's got to
00:25:47.020 be broken up. It's too big, too powerful. The system was never made for this, that level of scale.
00:25:52.860 E.J. and Tony, you've been at the forefront of this, explaining to people exactly what's going on.
00:25:57.700 Now they've admitted, and they've only admitted part of it. It's much worse, much worse than they
00:26:03.080 even state. And we have to force them to say that, and they're still lying to you. E.J. and Tony.
00:26:09.140 Steve, I just want to emphasize here how much is deceptive. It's not simply the jobs numbers,
00:26:16.300 right? It's not simply interest on the debt. It's not simply the size of the debt. But I mean,
00:26:21.560 just about everything. Consumer spending is probably the best example here of that, where we have all
00:26:27.520 these crazy projections right now for 3%, 4%, 5% growth in consumer spending in the current
00:26:33.840 quarter. All of the data that we currently have, whether it's the official consumer spending number
00:26:39.340 from April, for example, or whether we're looking at retail sales for the month of May, etc.,
00:26:44.960 everything points to zero. No growth at all. The consumer is completely tapped out. People have maxed out
00:26:52.460 a lot of their credit cards. For crying out loud, Gen Z, one in seven of them have maxed out their
00:26:58.060 credit. Consumers are increasingly having nowhere left to turn. They can't get additional work. They
00:27:03.280 can't go further into debt. They've depleted their savings. And so consumer spending is coming down.
00:27:09.300 Even if people are spending more dollars, they're not actually buying more goods and services.
00:27:14.240 And so despite all of that evidence, we still have these crazy projections of economic growth. So
00:27:21.000 unless we have some insane debt binge on the part of both the consumer and the government for the
00:27:27.340 month of June, I think we need to start having a conversation about GDP not just being flat but
00:27:33.080 turning negative in the near future. The recession is very much here, despite the fact that no one from
00:27:39.860 the government will tell you that. Jay, your Twitter feed is amazing. Where do they go, sir?
00:27:48.880 That's going to be the best place to find me, Steve. Twitter, X, whatever we call it these days.
00:27:53.580 The handle there is at real EJ and Tony. Brother, thank you so much. I'm so proud of those guys.
00:28:01.020 Dr. Dave Bratt, Dr. EJ and Tony. And most of all, Dr. Peter Navarro. He's been there at the forefront.
00:28:11.700 He's been there at the forefront from the beginning. Short break.
00:28:18.380 For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider.
00:28:24.420 And when I say only, trust me, they're the only one. And that's for over a decade. Patriot Mobile is
00:28:31.100 a proud supporter of this show. And I am proud to partner with Glenn Story and his team. Patriot Mobile
00:28:37.420 offers dependable nationwide coverage, giving you the ability to access all three major networks,
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00:29:24.620 That's 972-PATRIOT. You get a free month of service when you use the offer code Bannon.
00:29:30.200 That's PatriotMobile.com slash Bannon. Join me. Make the switch today. PatriotMobile.com slash Bannon.
00:29:37.220 That's PatriotMobile.com slash Bannon. Support people that support your values.
00:29:42.640 I'm Steve Stern, CEO of Flagshirt.com, a third-generation veteran-owned small business.
00:29:50.600 I believe that the American way of life is for all of us. I'm asking you today to visit
00:29:56.000 Flagshirt.com. Help keep the American dream alive. Be a flag waver. Carry a nation's heritage.
00:30:03.900 Use coupon code ACTION10 for 10% off site-wide and buy a flag shirt today. Action, action, action.
00:30:12.640 Steve Stern joins us. Steve, you've been at the forefront of this grassroots movement. You're
00:30:19.560 you're you have these calls every couple of weeks. You're out there. Tell us where do we stand right
00:30:23.400 now? So first, I want to thank everybody for coming on on the flag shirt for the flag day event that we
00:30:30.580 had. Over 300,000 people came on and more people are watching every day. If you want to see it,
00:30:37.320 go to Stern American and you can come in there and watch it over again. I want to thank Steve for putting
00:30:43.640 it on his getter account. I had over 109,000 people on. So the main thing that's happening,
00:30:49.360 we have some great news coming up. We have our big event coming up June 26th. That's a week from
00:30:55.020 Wednesday. Our call last time we had 65,000 people on it. We're going to have a major announcement on
00:31:01.260 Wednesday. Linda Sinkowitz, fightvoterfraud.org is going to make a major announcement. I don't
00:31:06.680 want to tell you yet, but I will tell you this. If anybody listening and I want you to go to my
00:31:12.040 email at sstern1054gmail.com. That's sstern1054gmail.com. Very important to get in touch with me
00:31:20.740 because what she's going to do, any organization in the United States that's on election security,
00:31:26.620 she will give you in your county double voters. That's double voters. You can't imagine how many
00:31:34.020 people voted twice, three times, four times in the United States. In that particular event,
00:31:39.800 we're going to have Heather Honey, who's going to talk to you about pennsylvaniafarelections.com.
00:31:46.240 She's working with me along with Dave Ball and many other people in Pennsylvania. As you know,
00:31:50.920 we're getting all our assets into Pennsylvania. Last night, there was a big event in Pennsylvania.
00:31:56.380 with Laura Trump and Michael Watley. And a lot of our people came out there really excited. And
00:32:02.920 they're really up in Pennsylvania now. And that's why we're brought into Pennsylvania. We win
00:32:06.280 Pennsylvania. We win the election. Now, we've got to get involved on precinct strategy. If we don't
00:32:11.420 get involved in precinct strategy, we're not going to win. Now, I got to tell you what happened.
00:32:15.080 An hour before I got on, somebody called me from Broward County saying, hey, I saw Steve on with Tucker
00:32:20.900 and he made me get involved. I am getting involved. Yesterday, a big airline pilot called
00:32:26.820 me, said, hey, I don't care what they say. I'm going to get involved. So now we got 4th of July
00:32:31.160 coming up in a couple of weeks. Last year, a lot of the posse did a tremendous job in getting our
00:32:36.500 goods. However, a lot of people waited to the last minute for the 4th of July and they weren't able to
00:32:41.580 get their goods. So this year, we got new items. We got beautiful Crocs. We've got bathing suits this
00:32:49.460 year. And today, we're giving a special ad on leggings. If you get leggings today, we give you
00:32:55.760 a special gift. And certainly, everybody wants that to wear around. So it's very important to get
00:33:01.840 involved. Get our flagshirt.com. Go to www.theflagshirt.com. Get involved in precinct strategy.
00:33:08.040 But the most important thing is email me because we have information that you're going to want. So
00:33:13.360 I'm going to put this up again, estern1024gmail.com. Try to email me rather than call me because emails
00:33:20.920 are better to get. We want to thank a lot of people who are stepping up in this country. And we're going
00:33:26.260 to have a lot of great people on Under 26. We're going to have Christine Bousman on who works with
00:33:30.660 John Fredericks. She's going to give you terrific information about Arizona. Dr. John Richards from
00:33:36.000 Georgia. Ken Cuccinelli. Fannie Mantrovani, who's from Michigan, who's going to give you great
00:33:43.440 information. Peter Berniger from Wisconsin, going to give you his six lawsuits that he had. And again,
00:33:49.480 Heather Honey. So thank you again. Go to theflagshirt.com. Fantastic. Action, action, action.
00:33:55.740 Steve, real quickly, flagshirt, where they go? And also, what's the number? I want everybody to know
00:34:00.200 the number that they call in and the date and the time for your big call.
00:34:03.360 So all you have to go to estern1024gmail.com. And the call is next Wednesday, 3.30, 3.20 Eastern Time.
00:34:13.020 We had 65,000 on last time. Go to www.theflagshirt.com. Get your flag shirt. Very important for the 4th of
00:34:20.940 July. We want to show everybody that the Republicans mean business. I'm getting in Broward County tons of
00:34:27.840 people calling me to get involved. Thank you for everything you're doing, Steve. And let's get
00:34:32.240 involved. Precinctstrategy.com. The most important thing. Dan Schultz has done a wonderful job with
00:34:37.680 you in the last 14 years. And people are stepping up. Amazing. Thank you, sir. Appreciate you.
00:34:45.140 Steve Stern. Make sure he just gave you the heads up. If you want all the goods and all the great goods
00:34:51.820 that flag shirt, don't wait till the 4th of July. And we'll be doing a 4th of July special.
00:34:56.540 4th of July special. We're going to have Patrick K. O'Donnell, the great combat historian. We'll talk
00:35:00.420 about the signing of the Declaration of Independence and the big battle that was before us that the
00:35:06.440 British were already planning for. A couple of things on today's show about that. We're going to break
00:35:12.700 it down. So let me hit rewind for a second. Today, Fauci's been doing around this book tour.
00:35:18.840 So Natalie is going to join us from the Palm Beach studios briefly in the D block. And then
00:35:27.480 Natalie is going to come back. She's going to join me. We're going to take an entire hour. And I think
00:35:31.000 we're going to go through everything with Fauci, the vaccine, the Wuhan lab, all of it. Okay. And we're
00:35:38.520 going to deconstruct the lies of Tony Fauci and the MSNBC and the CNN crowd that just promote these lies.
00:35:46.460 And they have to understand they're going to be held accountable for all this.
00:35:50.480 Just not going to get a free pass on this. Not going to happen. Impossible. Will not happen.
00:35:55.340 One thing you tell about you think that they're sad, Rachel and sad joy, a Bihar and joy and read.
00:36:01.780 They're sad. And Rachel, you know, we made Rachel cry. Tony, Tony Fauci said, this is not the cocky,
00:36:08.020 you know, Tony Fauci. No, he's a broken man. Broken because he understands people are standing
00:36:15.560 up and holding him accountable every day for what he did to this nation. So we'll get to all that.
00:36:22.240 Birch Gold, make sure you go now more than ever. You need to understand about a hedge.
00:36:27.960 The Japanese bank, I'll think I'm going to talk about this either five today or tomorrow. Try to get
00:36:32.080 Scott Besson on this Japanese bank that has these. Remember, we told you about the when
00:36:36.160 the bonds, when the interest rates go up and the bonds drop in value and you have a big
00:36:40.220 hole in a bank's balance sheet. There's 63, 67 banks on the watch list, I think by Moody's
00:36:46.580 or Standard & Poor's now because their balance sheets are not exactly great because they own
00:36:51.900 Biden bonds. And those Biden bonds then were crushed or those Biden bonds are crushed by Biden's
00:36:57.520 inflation. In the in the accumulative nature of inflation, Japanese bank announcing it
00:37:02.760 got to sell 63 billion dollars of U.S. Treasuries. And of course, the quote is, oh, it's going
00:37:08.160 to have a massive impact on the U.S. Treasury markets, which is how they finance this madness
00:37:12.520 in the first place. That makes your life even harder, and particularly those kids one in seven
00:37:17.360 under 30 that don't have a credit card that works anymore because you're tapped out. It's
00:37:22.960 all inextricably linked. My Patriot Supply also used to be preppers were looked at as
00:37:29.740 kind of weird. I think they might have known something other people didn't. I would call
00:37:35.200 it prescient. So make sure you go to my Patriot Supply, the number one company in the industry.
00:37:40.780 You got brother Joe Reek over there. His whole staff is prepared to help you. So make sure
00:37:45.020 you take advantage of that. My Patriot Supply. We make sure that when we have a sponsor, we work
00:37:52.140 with senior management so you get access to it. In fact, I got Dr. Kim up right now from
00:37:57.160 Field of Greens. Dr. Kim, one of the things we get from the feedback from the audience to
00:38:01.660 see this is how this has had an impact on their lives immediately. But one of the reasons
00:38:07.600 is you have a big competitor. That big competitor. I've never seen a marketing campaign like this
00:38:14.100 on cable TV ever, particularly cable news. Because we curate MSNBC and CNN 24-7. We have
00:38:22.680 people on it all the time. So we see all the ads. And next to Big Pharma, which essentially
00:38:27.520 drives the profitability, the number two advertiser outside of Big Pharma is your competitor or
00:38:35.120 your big competitor. But there's a distinct difference in what you guys have done and
00:38:41.420 what Field of Greens is and what your competitor is. Now, why is that? And what are the benefits?
00:38:47.100 Why do you go through all this different process? Why do you do it differently? And what's the
00:38:52.520 end game? What is in it for the War Room Posse when they buy your product and take it?
00:38:57.500 Well, Steve, thanks again for having us. I look a little disheveled. It was a long night
00:39:02.200 at the hospital. So when we put together Field of Greens, it wasn't really to go bash on anybody
00:39:09.740 or take it to somebody. It was really about getting the best organic, real foods, real greens,
00:39:18.360 real fruits and vegetables into a product and just getting it out there. And people have been
00:39:22.420 claiming that they want to know exactly what's on a label and that they can read all the ingredients
00:39:28.080 in it. So we went out and went out and did that. And this is what we came up with. And I think most
00:39:32.980 people, when they do take this, I mean, Steve, you can be a testament to this, is that whenever someone
00:39:37.920 takes this for the first time, you can feel it right when you drink it. I mean, there's something
00:39:41.300 about getting compact fruits and vegetables in a drink that gives you immediate energy. And you can just
00:39:49.760 feel that. And when you're getting it, I mean, it's USD organic. We've been doing this for, I don't
00:39:54.720 know, four or five years now together. We've been coming out with different flavors, different things
00:39:58.780 to promote this and different things to move it. But the one thing that we didn't want to do is we
00:40:02.380 didn't want to put a bunch of different extracts where people were questioning if they could take it,
00:40:06.040 if they needed to run it by their physician again. So there's a lot of things that we've done to
00:40:09.880 kind of take all the guesswork out of a product.
00:40:14.260 Tell us how you came up with it and how you came up with this process and why you did it
00:40:18.280 different than your competitors. Why did you do this? What was it in you as a scientist and a
00:40:23.260 medical and a physician and someone's dedicated your lives to health? Why did you do it this way?
00:40:31.420 Well, we wanted this one product in particular when it comes to real fruits and vegetables
00:40:35.620 definitely needed a product that wasn't going through an extract process. And for us, we just
00:40:40.280 wanted to make sure that we had a product that everyone can take, everyone can use. We wanted to
00:40:44.900 make it as simple as possible. But we know that through COVID and through all these other issues
00:40:49.300 that have come up, people have, you know, their health has waned. They aren't exercising. They're
00:40:54.480 not eating as well as they could be. So what we did was we created something that would definitely
00:40:58.880 benefit them on a daily basis. People are still, despite all the work from home stuff, we're still
00:41:02.920 on the move. We're busier with family. We're busier with the kids. We're busier with moving around.
00:41:08.520 There's still more work to do and there's still more productivity to happen.
00:41:11.280 So we wanted to keep something that was so simple, but also knowing that we wanted to get more fruits
00:41:16.800 and vegetables into our diet. So we created this product for that consumer. And I think it's done
00:41:20.960 very, very well for them. All the feedback that we get on a consistent basis is based on how much
00:41:25.820 they enjoy the product, how much it makes, how good it makes them feel. It helps them give them
00:41:30.720 more energy. It totally makes a difference in their day-to-day activities. And then it gives us a
00:41:35.980 great pleasure to know that they're constantly adding more fruits and vegetables in the diet,
00:41:40.540 which we have shown is it makes you healthier. It makes your body function better. And there's
00:41:45.140 just a lot of health benefits when you're taking real fruits and adding more real fruits and
00:41:48.440 vegetables to your diet.
00:41:50.760 Now, one thing our audience loves, they love to immerse themselves in information. So we've got
00:41:54.940 two deals we always do with our sponsors. One, they get access to people like yourself that are the
00:41:59.120 founders and the leaders of these organizations. And the others that you have websites that have tons of
00:42:04.580 information on it. Where do they go to get more information and to really, because we're a huge
00:42:10.080 believer. The more people know about these products and understand them, the more they're going to use
00:42:13.960 them and continue to use them. So where do they go?
00:42:17.100 So one is that you can go to BrickHouseNutrition.com. That's BrickHouseNutrition.com. And you can get all the
00:42:22.000 information on all the different products that we make. And then also FieldOfGreens.com. And they can use
00:42:27.160 your code, your special code, Bannon, for their first order, 15% off their first order. And it
00:42:32.860 just, we have a gamut of flavors. If people need more energy to people needing what we had,
00:42:37.560 nootropics that we've added onto it. But we've got four different flavors that people really love.
00:42:41.920 Right now, my favorite currently is a strawberry lemonade. Steve, I don't know what's your current
00:42:45.320 one that's the favorite, but that seems to be the hot one that's going out right now that I think
00:42:48.820 people have just thoroughly enjoyed. So once again, it's BrickHouseNutrition.com, BrickHouseNutrition.com.
00:42:54.220 And is there any social media? That's the website. Do you guys also put up social media?
00:43:00.360 Yeah. On Instagram, it's BrickHouseNutrition as well. And then on, currently, we're not actively
00:43:05.420 using X, but we will at some point so we can interact with all of our customers.
00:43:09.780 By the way, you don't, you look fantastic. That must be because you're using the products. You
00:43:14.220 don't look like you've had a hard night at the hospital. I know you've been up 24 hours, but you
00:43:17.280 look tan, rest, and ready, ready to go. It's the cameras and the shadows, man. They're balancing the air out.
00:43:23.100 It's all over the place. Dr. Kim, love you. Keep, keep, the audience loves it. Keep, keep,
00:43:30.080 you guys keep hammering. Love it. Thanks to you. Appreciate that, man. Dr. Kim, feel the
00:43:33.960 greens. Check it, check, go check it out. Immerse yourself in information. Try it. Look
00:43:38.280 at the endorsements from your fellow compatriots. Short break.
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00:44:50.360 Take action on this today. Go over there. They're the best in the business. Talk to the consultants,
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00:44:59.120 Here's your host, Stephen K. Mann.
00:45:01.540 A couple of programming notes. At 2 o'clock to 3.15, I just got to Grace and Moe. The Committee on the
00:45:10.240 Present Danger has got another about the seminars they've been given, webinars have been given on
00:45:17.040 World War III, the kinetic years, the early years of World War III. It's been absolutely brilliant.
00:45:22.380 We've been doing this for a couple of years now. Another with Captain Finnell, I think Dr. Thayer,
00:45:28.620 Colonel Mills, a lot of other folks from 2 o'clock to 3.15 and Grace and Moe will stream that up on
00:45:35.840 Getter and Rumble. Also at 6, because I admit, I admit I'm triggered by this guy because it was just
00:45:46.600 bald-faced lies. But Fauci's been going around. He's got a book, his big book, and he's going
00:45:52.440 around and having these softball interviews at CNN and MSNBC and wherever. And finally last night,
00:45:58.880 he just told a bald-faced lie about Dr. Peter Navarro, one of the finest patriots in this country.
00:46:06.340 And this is Dr. Navarro's book, The New Maga Deal. It's from over with Don Jr. and Sergio
00:46:12.680 Gore's publishing house, Winning Team Books. Just go to newmagadeal.com and get it. You want to
00:46:18.960 support him in prison, this is the way you do it because he wants people. This gets you up to date
00:46:22.280 on everything that President Trump's working on, the economics, trade, all of it. He said a bald-faced
00:46:28.660 lie about Dr. Peter Navarro, particularly about the early days of the pandemic. And since we shifted
00:46:34.620 to war and pandemic and this show led the way in bringing information to people, I just had enough.
00:46:41.460 So I reached out to Natalie, who's the best, and said, we're going to spend an entire hour
00:46:46.140 tonight at six o'clock. And Natalie Winters, and I'll be the wingman, she's going to take the lead.
00:46:52.140 We're going to deconstruct the lies of Tony Fauci in his latest book tour. Natalie, can you give us
00:46:56.520 a couple of minutes of heads up, just overview on this?
00:47:00.980 Sure. Well, Anthony Fauci is so narcissistic and delusional that I think he thinks his book tour
00:47:06.260 is all about him. There's some really good excerpts coming out from his book in the fact
00:47:11.040 that he refers to letters that people have written to him as fan mail. He basically goes on and on in
00:47:17.120 this book. It's almost like he's getting ready to launch a presidential campaign, the way he talks
00:47:21.540 about his childhood and his parents' information that, frankly, I don't think any American, let alone
00:47:26.580 the millions of Americans who weren't able to go to their loved ones' funerals, are interested in.
00:47:31.340 I will say it's interesting. His audio book is already on sale for 30% off. No conspiracies,
00:47:37.580 no coincidences. But I think it's important to sort of take a step back and really contextualize
00:47:42.540 what the purpose of this book is, which is, of course, what we'll unpack in the 6 p.m. hour.
00:47:47.800 And my kind of overall analysis, if you look at the flow of the book, it basically talks about all
00:47:52.900 the trials and tribulations that Anthony Fauci has faced as the director of the NIAID, a position he's
00:47:58.780 held since 1984, whether it was Ebola, whether it was AIDS. But it really wants to make the key
00:48:04.600 point that COVID, with the variable there being President Trump's involvement in that pandemic
00:48:09.700 response, was handled differently. It was a scale in orders of magnitude difference and much worse
00:48:16.020 because this book is being used really to weaponize as a cudgel against President Trump.
00:48:22.060 You can see it in the way that the mainstream media is picking up the excerpts from the book.
00:48:26.720 You can see what the kind of questions that they're asking him. All of the headlines focus
00:48:31.920 on how Anthony Fauci can be used as someone to attack the competency of President Trump. And frankly,
00:48:39.220 I think the fact that you bring up his attacks on Peter Navarro sort of prove that this book is
00:48:44.880 really to come after the MAGA movement and portray us as, you know, anti-science. So yeah,
00:48:50.560 the 6 p.m. show will be fun if you're into masochism and watching Fauci clips.
00:48:54.980 He also lies about me and he lied about me again last night. I think he says,
00:48:59.040 the man wants to be executed. No, dude, it's a metaphor. Heads on pikes. That phrase is used,
00:49:03.900 I think, a billion times a day in corporate boardrooms and in sports teams, all of it.
00:49:09.540 But that's okay, Tony, because Mr. Fauci, I understand we can look at you and see you're sad.
00:49:14.840 It's not the arrogant, smug Fauci, because you understand the American people flipped since
00:49:21.300 we got the information out on you and they hate you because you're a figure that needs to be hated.
00:49:28.560 And Natalie, the best part that I'm enjoying tonight is when the last couple of days going
00:49:32.820 around, he's still defending, he's still defending the bat, the coming out of the bat cave and not
00:49:39.260 out of the Wuhan lab. I kid you not. And no gain of function. We'll get all to it. Natalie Winters,
00:49:43.400 until then, what's your social media? And I'll see you back at six. Natalie G. Winters on all
00:49:48.340 platforms. Thank you, ma'am. Look forward to this. Six o'clock tonight, Natalie Winters and her
00:49:54.140 wingman, Stephen K. Bannon, deconstruct Tony Fauci. And if you can't make it, we want to get it to
00:50:01.780 you and make sure you push it out. Mike Lindell, Cleta Mitchell, I was meeting her the other day and
00:50:06.320 she said, hey, one of the best groups out there for getting involved is Cause of America. Big shout out
00:50:10.160 for you guys. What are you doing, sir, specifically to stop the steal that's coming because they can't
00:50:16.960 beat Trump any other way, sir? That's right. And we announced it. I actually announced
00:50:21.480 part of it at the turning point event in Michigan on stage. You guys can see that speech at
00:50:27.380 lindellplan.com. But what we're doing, one of the biggest part of the plans is we're going to have
00:50:31.860 everybody request a mail-in ballot. Okay. Request their mail-in ballot. And if you plan on voting same
00:50:38.760 day or whenever you're voting, if you vote same day, you don't open it, you bring it with you.
00:50:43.640 And if you get there and they say, you've already voted, you guys, we have a whole protocol with the
00:50:48.940 lawyers have laid out what you need to do because that is identity theft. Basically, it's a way we
00:50:54.940 can monitor what goes on with the computers and everything else. If they're going to take your name
00:51:01.080 and pre-vote for you, we're going to catch them. It deputizes, Steve, everybody in the country
00:51:06.680 and then pulls that name down. So you'll have states where I believe you'll end up having places
00:51:12.800 like Pennsylvania where you have more votes than voters. This time around, if they try, it's going
00:51:18.420 to be too big to rig, but if they do, whatever they do, we want to have enough evidence to say,
00:51:23.720 here you go. The evidence people understand this time. Everybody understands identity theft.
00:51:28.840 Mike, we try to get, try as we may, and I hope you ordered a new phone. We couldn't get you
00:51:37.600 yesterday for the evening show. So did you keep the deals open for our folks?
00:51:41.920 Yeah, absolutely. It was a big problem. And yes, I got a new phone. I remember the FBI still has my
00:51:47.260 other one, so I got phones all over the place. But you guys, I kept the deal. I kept the deals for
00:51:54.660 one more day here. This is what we've never done before in history. This is our premium my pillow
00:51:59.920 that we did over Father's Day, 1998 for the king and the queen, as many as you want in light of what
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00:52:30.460 during these times. So promo code war room. And, uh, let's continue on and, uh, and, uh,
00:52:36.340 war room palsy, you've helped me so much. I just want to thank you all.
00:52:39.200 Love, love you, brother. Charlie Kirk is next. You've got, uh, Jack Posobiec after that. Tara
00:52:46.660 Dahl, Miranda Khan. We're back here from five to seven, six o'clock, a special with Natalie and
00:52:52.460 myself. Do not miss it. Charlie Kirk now. See you back here. Bye. I want to warn you of a huge change
00:52:59.800 that could be coming to our money in our bank accounts. First, think back to 9-11 shortly after
00:53:05.540 the government pushed through the Patriot Act. This gave the government power to spy on innocent
00:53:10.100 Americans by monitoring our phone and email and tracking our movement across the internet.
00:53:16.220 Now, Jim Rickards, editor of the independent financial newsletter, Strategic Intelligence
00:53:20.660 and New York Times bestselling author is warning about a coming event that could elevate this
00:53:26.400 governmental surveillance to a terrifying new level. In fact, some of the guests I've had on
00:53:31.540 the war room believe that the government will soon expand their powers to track our every move.
00:53:37.060 If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote
00:53:43.200 MAGA, the government may be able to shut us out of our bank accounts. I can't say for sure if this
00:53:49.560 will happen, but it's an interesting and dire warning. Fortunately, Jim Rickards, an American patriot and
00:53:55.740 friend of mine, has made it his mission to educate us on what he believes is coming and how to protect
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