Bannon's War Room - June 20, 2024


Episode 3698： Biden's Plan On Economy Will Put Us On A Respirator Economically


Episode Stats

Length

55 minutes

Words per Minute

167.19473

Word Count

9,305

Sentence Count

786

Misogynist Sentences

4

Hate Speech Sentences

6


Summary

On today's show, we have our first guest on the show, former White House Strategist Steve Kamb joins us to talk about the upcoming mid-term elections and what to look out for in the mid-terms.


Transcript

00:00:00.000 It's the end of politics. Let's just let's just do it by force, because physically we mean it just the way we say we were saying it.
00:00:09.120 We mean it just the way you're hearing it. We are. We're we're coming for you, Mr. FBI, tough guy.
00:00:17.520 Why is he wedding? Why is he wet himself on national TV? He's damn scared because he understands the end is near.
00:00:25.120 So, brother, you and all the other people, the tortures, these are torturous conversations we're having.
00:00:30.840 Don't torture yourself. Don't torture yourself. Get your passport. Get the hell out of the country, because, hey, we're coming.
00:00:36.820 And guess what, bro? You ain't going to like it one bit. Your crimes and your treason, Comey, all of you.
00:00:43.980 Go ahead. Go go to the ends of the earth. We will hunt you down and bring you back.
00:00:48.740 Drive the vermin out of 1600 Pennsylvania Avenue.
00:00:52.280 Biden, you and your crime family are nothing but trash.
00:00:58.480 For Joe Biden and and and Dr. Joe Biden and Hunter Biden, all in the bite.
00:01:05.360 They're a bunch of feral dogs, right? It's a family of feral dogs.
00:01:09.680 We're going to have to we're going to fumigate the lies of Joe Biden, the treason of Joe Biden and how infeebled he is.
00:01:15.920 After that, it's not the tapes. We're coming after Lisa Monaco, Merrick Garland, the senior members of DOJ that have prosecuted President Trump, Jack Smith.
00:01:28.060 That's where you come in. You're the vanguard of this revolution.
00:01:31.420 We're going to do what the Romans did to Carthage. We're going to salt the earth around it so there'll never be another building there again.
00:01:37.740 We're going to rebuild something else. There'll be something that comes up and is rebuilt along the lines that's appropriate.
00:01:43.580 We've got to go back to the beginning. We've got to go back to Russiagate.
00:01:49.000 We got to go back to who did that. We got to go back to Mola's commission.
00:01:53.720 We got to go back to Andrew Weissman and MSNBC and The New York Times and all of it.
00:01:58.200 Right. Every FBI agent, all the CIA, DHS, Chris Wray, all of them, it's going to be a new day and MAGA will run things.
00:02:08.940 They're going to know that MAGA is not only ascendant, MAGA is in charge.
00:02:14.540 It's very simple. Victory or death.
00:02:17.860 So this isn't, you know, red meat for the base. This isn't retribution, right?
00:02:27.080 This is this. This is retribution as much as Tony Soprano's dad was providing protection to the local butcher.
00:02:34.200 This is not a response to anything.
00:02:37.640 What this is, is just menace and physical threat, right?
00:02:42.040 It's not politics. It's just power. It's just force.
00:02:44.440 They're just promising violence.
00:02:47.660 That is what they're offering in this election, that this is how we should run the country.
00:02:52.040 Now, we will hunt you down and you'll know that we're in power and we're going to get rid of law enforcement.
00:02:58.880 We're going to salt the earth and we're just going to hunt you down.
00:03:03.240 I mean, and this is not some random right wing media guy.
00:03:05.420 This is this is the man who was the campaign manager for Donald Trump and also the senior White House advisor to the former president,
00:03:13.040 who is now their nominee again.
00:03:15.360 And it is it's not like he's the only one who's saying this thing.
00:03:18.480 This is what they are offering.
00:03:20.820 The American public and they love it.
00:03:23.520 They're super excited to be getting done with politics, getting right to the force and violence part of it.
00:03:29.600 So you said recently that you thought that you as an outspoken critic could be a target yourself.
00:03:35.040 Some people think that sounds overdramatic, but I'm right there with you.
00:03:38.760 I think that he is so vindictive that he will go after however he has to do the IRS, maybe, or even, you know, through sponsors to get us off the air, maybe.
00:03:50.220 Or you.
00:03:51.640 How seriously should we be taking that?
00:03:53.980 Well, so I was asked, am I worried about me?
00:03:57.880 And my answer was, I'm worried about all of us.
00:03:59.800 I'm no more worried about me than I am worried about everybody in the country.
00:04:02.780 I think it's bad to have somebody saying, give me as much power as you can in this country so I can use it to go after other Americans.
00:04:12.800 So I can use it to go after these subhuman internal enemies and I'll destroy them.
00:04:17.060 Like, that's just not a good system for anybody.
00:04:19.740 And I don't think anybody's safe if that's the sort of basis on which he wants to get more power.
00:04:25.340 Well, remember when Nixon had an enemies list, that was a proud moment for a lot of people if they were on the enemies list.
00:04:30.400 Maybe we need to turn it around like that.
00:04:32.340 Well, I don't, I mean, I think that if he decides that he's going to go after you or me or anybody who's well known, you know, we have resources, we'll likely be fine.
00:04:43.880 But I think there's a pattern where he picks out individual people and effectively terrorizes them.
00:04:49.000 I mean, there's Stormy Daniels wearing a bulletproof vest to get into the courthouse, right?
00:04:53.080 Once you have political violence, you have fascism following that.
00:04:56.180 Right.
00:04:56.780 Well, just to counter your earlier statement, I don't feel good about this.
00:05:02.140 So you can work harder, everybody.
00:05:04.440 She's scared.
00:05:05.560 I don't feel good about this as a candidate.
00:05:07.180 And with many members of the Republican Party who do not adhere to norms and have no boundaries.
00:05:13.880 Do not respect the law.
00:05:15.480 Do not respect human life.
00:05:17.320 Do not respect a woman's right to choose.
00:05:19.820 Do not respect.
00:05:20.680 Do not respect.
00:05:21.540 Do not respect.
00:05:22.520 So and that's where they're going to lose.
00:05:25.640 I do not feel good about this.
00:05:27.620 So I hope you're right.
00:05:29.320 And I guess.
00:05:33.160 I'm listening to every everything we're going to say and congratulations.
00:05:35.940 And I'm just bringing it back to your Eric Holder segment.
00:05:39.340 And what's wrong with us?
00:05:41.660 This man that half his country.
00:05:44.560 If you just watch 25 minutes of this show, you would go.
00:05:48.960 This is a despicable human being.
00:05:51.620 Forget anything else.
00:05:52.900 And yet somehow, somehow, a large swath of this country is okay with it.
00:06:00.580 What does it say about us?
00:06:01.740 I'm running out of things to denigrate Donald Trump about.
00:06:04.760 I'm running out of things to talk about what a bad human being is.
00:06:07.520 You could just talk for nine hours.
00:06:09.700 I'm not even going to list it.
00:06:11.220 And I'm just.
00:06:12.800 What's wrong with us?
00:06:14.080 What is wrong with us, Nicole?
00:06:15.660 How did we get here?
00:06:17.260 I know I'm drifting off a little bit.
00:06:18.740 I'm just getting worked up as I'm listening to this, just the way he was on The Apprentice.
00:06:22.880 I love it.
00:06:23.380 It's just a little.
00:06:24.240 It's just a little slice of such an indecent, vulgar human being in every way.
00:06:31.220 And you and I both know smart, educated people that are going to thumbs up with this.
00:06:36.540 And it's just what the hell happened to us?
00:06:39.740 The outrageous charges in New York were a corrupt creation of crooked Joe Biden and his group.
00:06:45.660 And they really weaponized.
00:06:47.380 What they did is they weaponized the Department of Justice.
00:06:50.240 They weaponized all the White House.
00:06:53.660 No, they didn't.
00:06:55.400 Trump committed a crime.
00:06:57.060 And the people who helped him do so, some of them went to jail.
00:07:00.600 Some of them received immunity.
00:07:02.160 They testified.
00:07:03.220 And a jury of his peers convicted him.
00:07:05.560 He was held accountable by a local prosecutor who worked completely independently of the Department
00:07:10.880 of Justice.
00:07:11.720 Full stop.
00:07:12.360 But where you or I might just dismiss this as a campaign speech, MAGA disinfo, riling up
00:07:19.920 the base as just that, Trump supporters hear those words, accept them as fact.
00:07:25.780 And with January 6th as an example, are open to acting violently.
00:07:30.940 It's how Trump and his allies are today priming Trump supporters for what will be nothing less
00:07:37.560 than a hostile takeover of the Department of Justice should Trump prevail in November, turning around
00:07:43.900 the very instruments used to keep Trump in check into political weapons.
00:07:48.440 And don't take our word for it.
00:07:49.800 They're saying it out loud.
00:07:51.560 Trump ally, fellow convict Steve Bannon, has been open about the plan to prosecute high-ranking
00:07:58.600 DOJ officials, people like Attorney General Merrick Garland, out of what he describes as, quote,
00:08:03.900 retribution.
00:08:05.380 Of course, when it comes to unfounded attacks against the people serving at the top of the
00:08:09.620 Department of Justice, Steve Bannon's warmongering is more like Chapter 10 in a years-long saga
00:08:16.420 on this front.
00:08:18.040 One could easily argue that Chapter 1 started during the Obama presidency.
00:08:22.120 This is the primal scream of a dying regime.
00:08:29.800 Pray for our enemies, because we're going medieval on these people.
00:08:35.040 I got a free shot at all these networks lying about the people.
00:08:39.300 The people have had a belly full of it.
00:08:41.260 I know you don't like hearing that.
00:08:42.680 I know you try to do everything in the world to stop that, but you're not going to stop it.
00:08:45.320 It's going to happen.
00:08:46.600 And where do people like that go to share the big lie?
00:08:49.980 Mega Media.
00:08:50.900 I wish in my soul, I wish that any of these people had a conscience.
00:08:56.780 Ask yourself, what is my task and what is my purpose?
00:09:00.520 If that answer is to save my country, this country will be saved.
00:09:06.920 War Room.
00:09:07.740 Here's your host, Stephen K. Bannon.
00:09:16.140 It's Thursday, 20 June, Year of the Lord, 2024, right there.
00:09:19.780 And we had so much more material we could cut.
00:09:24.140 We couldn't fit it in.
00:09:25.340 We'd take a couple of segments just doing the cold open.
00:09:27.900 They're sad.
00:09:29.600 They're sad and they're sad because they're worried.
00:09:32.760 And they're worried because they understand the crimes they have committed against this republic are all going to be revealed and prosecuted and they're not feeling very good.
00:09:42.500 We're making them cry.
00:09:44.440 Rachel and, of course, Rachel Maddow and Nicole Wallace, Joy Behar.
00:09:50.280 We could have gotten Caitlin Collins in there so much.
00:09:52.800 But I love the way that my staff cut it because it's a 10-chapter book.
00:09:57.760 With Bannon, it's a 10-chapter book.
00:09:59.540 And Chapter 1 goes back to the Obama regime.
00:10:03.100 And, of course, I had to invite two of the individuals who are in the middle of this fight but were back in Chapter 1 and headliners in Chapter 1.
00:10:12.360 That's Matt Boyle, national political editor for Breitbart News and Jim Hoff, founder and editor-in-chief publisher of Gateway Pundit.
00:10:22.460 Matt, I just – Matt, give me your thoughts.
00:10:24.860 You see that – and it's every day now and every show on – they're not – the smug, you know, the smug smirks they had and the laughing and the high-fiving during President Trump's sham show trial has all been wiped off their face.
00:10:39.180 And they're sad.
00:10:40.580 They're not doing well.
00:10:42.100 Matt Boyle, why is that?
00:10:43.860 It's not even election night yet, Steve.
00:10:46.280 Watching that, I was literally laughing sitting here, that cold open.
00:10:50.620 And you're right, that's just a taste of what they're doing out there every day.
00:10:54.320 They're in total freak-out mode.
00:10:55.840 It reminded me a lot of 2016 election night.
00:10:58.100 Remember how, like, they all melted down when Donald Trump won the election?
00:11:01.960 And it was a total – you know, at first they thought they had it in the bag.
00:11:06.020 And then all of a sudden you started seeing them turning and whatnot.
00:11:08.840 I remember being there at the Trump election night party in New York.
00:11:12.860 And at first, like, you know, there were these BuzzFeed reporters and other lefties roaming around.
00:11:17.460 And they were all trying to get those of us who were very pro-Trump, who were there, to our thoughts throughout the evening.
00:11:26.260 And at first they were all gleeful.
00:11:28.520 And then once it became clear Donald Trump was going to win the election, they all turned very sullen.
00:11:34.160 And stony-faced, very similar type of a situation here.
00:11:37.660 And again, may I remind you, we are not – we are still months away from the election.
00:11:43.140 So I cannot wait until we see them all on election night when Donald Trump is elected the 47th president of the United States.
00:11:50.720 And we see the Nicole Wallases and the Rachel Baddows and, you know, the rest of the wine club there, Joy Bayard, et cetera, on election night in November.
00:12:03.280 But I think they're afraid, right?
00:12:06.240 Like, and by the way, I know they like to call it vengeance and revenge and whatever.
00:12:10.260 It's not revenge.
00:12:11.020 It's an equal application of the law, right?
00:12:13.240 Like, I mean, again, what we see is – we published this story two weeks ago on Breitbart that goes in detail about this.
00:12:21.320 All of this does stem – Donald Trump is 100 percent correct – it does stem from Joe Biden, the White House.
00:12:26.860 One day after the election, in the midterm election, November 9th, 2022, Joe Biden held a press conference at the White House in which he said he was going to use constitutional and legal means to stop Donald Trump from becoming president again, even if he ran.
00:12:43.240 And then nine days after that, three things, on November 18th, 2022, three things happened on the exact same day.
00:12:51.040 First off, Merrick Garland, the attorney general of the United States, appointed Jack Smith to be the special counsel.
00:12:56.640 Secondly, Nathan Wade, who was Fannie Willis' lover and the lead prosecutor on the case in Georgia, spent eight hours at the White House in the White House counsel's office.
00:13:07.280 Eight hours.
00:13:08.180 That's a long time for the White House counsel, which has a lot of things to do.
00:13:11.380 Nathan Wade was in there for eight hours on that same day.
00:13:15.180 And on that same exact day, that's the day that Matthew Colangelo, the then number three at the Department of Justice, submitted his notice to leave the Department of Justice.
00:13:24.140 And he would go on to become the lead prosecutor in Alvin Bragg's office in the Manhattan District Attorney's office to go after Donald Trump.
00:13:32.660 All three of those things happened on the exact same day, November 18th, 2022.
00:13:37.140 That's the day that, you know, nine days after Joe Biden gave the order from the White House at a press conference that this all began.
00:13:47.100 Because they knew that we just took the House of Representatives.
00:13:49.420 They knew we just took the House of Representatives.
00:13:52.320 And President Trump was speaking.
00:13:54.160 And President Trump, correct me if I'm wrong, Matt Boyle, you were there, I believe, sir.
00:13:59.720 President Trump was at the 15th or the 17th.
00:14:02.060 He was at Mar-a-Lago and announced he was running for president of the United States.
00:14:05.380 I forget the exact day, but it was…
00:14:06.900 Yeah, official kickoff.
00:14:08.280 Yeah, I forget the exact day, Steve, but it was only a few days after the election, right?
00:14:12.780 Like, so it was…
00:14:13.740 The election night was Tuesday.
00:14:16.240 Yes.
00:14:18.520 Here's the chain of events.
00:14:20.660 We won the House, right?
00:14:23.140 Yes.
00:14:23.300 And we won the House, as you know, with Breitbart and War Room and Gateway Pundit hammering that there had to be…
00:14:29.620 Start to be real investigations of the Biden crime family, all that, number one.
00:14:33.220 Number two, Donald Trump then the following, I think, Tuesday after the election.
00:14:36.440 But I think, I believe it was around the 15th, announces he's running for officially, formally, at Mar-a-Lago, officially running for president of the United States.
00:14:44.480 And then 18 November, three major things happened.
00:14:48.420 Fannie Willis' instrument, Wade, is in the White House counsel for eight hours.
00:14:53.680 Short break.
00:14:54.300 Short break.
00:14:54.900 Back with the guys in a moment.
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00:16:18.740 Here's your host, Stephen K. Bannon.
00:16:24.140 Okay, they're sad for a reason.
00:16:27.340 That is the propaganda department of our ruling class that are enemies of the people.
00:16:34.220 The ruling class are enemies of the people.
00:16:36.840 And they have tried to destroy this American republic, and they understand their crimes.
00:16:41.800 We had John Solomon on yesterday.
00:16:43.260 You heard about McCabe.
00:16:43.960 You heard about the whistleblowers coming to John Solomon about what McCabe did,
00:16:47.080 about shutting down the investigation into Biden, the $120 million spiff they were taking off of Burisma.
00:16:53.280 And there's so much more than that.
00:16:56.120 I mean, I went through the laptop from hell in the CCP part.
00:16:58.320 That's the part of it.
00:16:59.000 It is pure treason.
00:17:02.740 Selling your country out to your greatest enemy for money.
00:17:06.200 Not for ideology.
00:17:07.180 For money.
00:17:08.580 You can't forgive both.
00:17:09.760 You can't forgive either.
00:17:11.020 But at least ideology.
00:17:13.920 You say, hey, I realize they're whack jobs.
00:17:16.060 They're Marxist.
00:17:16.900 They hate us.
00:17:18.320 But for money?
00:17:19.520 That's what the Bidens are.
00:17:21.200 The pack of feral dogs in the White House.
00:17:24.140 For money.
00:17:26.340 This, I'm going to get Hoff, because they're after Hoff.
00:17:28.940 In bankruptcy, just apart all of them.
00:17:30.820 I'm going to get Jim Hoff, one of the great foundational elements,
00:17:34.440 along with Andrew Breitbart, of this movement.
00:17:37.720 But I've got to go back, Boyle, I cannot emphasize enough.
00:17:42.140 And Grace and Moe and Carly Bonet and Elizabeth and everybody
00:17:45.260 that's a force multiplier and running all of our chats.
00:17:49.620 Please get this article from Breitbart out.
00:17:52.060 It must be read and it must be understood.
00:17:54.980 And the first Tuesday in November, we win the House.
00:17:59.220 We take the House.
00:18:01.320 And we're quite, the people that put their shoulder to the wheel,
00:18:04.540 and, yes, we did not get as many seats as we thought we were.
00:18:08.100 But remember, even those seats were lost by a couple of hundred votes,
00:18:12.000 max, in many cases.
00:18:14.240 But we're very focused on investigations
00:18:16.180 and holding the Biden crime family accountable.
00:18:18.480 Like, maybe we're going to roll to impeachment on this.
00:18:22.140 A week later, Donald John Trump announces he's running,
00:18:26.200 officially running for, he'd been running,
00:18:27.740 but officially running for president of the United States.
00:18:29.500 Boom.
00:18:29.800 On the 18th, Merrick Garland appoints Jack Smith special counsel, boom,
00:18:36.240 to get him out of D.C., to get Trump from the D.C. office.
00:18:39.760 Colangelo is seconded, Colangelo is seconded to New York for those,
00:18:47.220 for what you just, the fiasco you just saw.
00:18:50.180 And Nathan Wade, Fonnie Willis, comes to the White House counsel.
00:18:55.720 And Matt Boyle's right.
00:18:56.960 The White House counsel doesn't take outside meetings.
00:18:59.160 They take them, they're 15 minutes long.
00:19:01.580 There's sheet when you go into the White House counsels,
00:19:04.020 which, by the way, is in a secured space.
00:19:06.360 It's in a skiff.
00:19:07.880 You can't even get up there.
00:19:10.120 To go see the White House counsel, you're there for 10 or 15 minutes.
00:19:13.440 Eight hours is unheard of.
00:19:16.560 And the reason it was Georgia,
00:19:18.380 because that was the railhead of Michigan and Arizona and all of it.
00:19:22.260 Matt Boyle, there are no conspiracies, but there are no coincidences, are there, sir?
00:19:28.620 No, this is astounding.
00:19:30.540 And then there's one other date in there that's really important,
00:19:33.520 which is one day after the November 8th midterm election,
00:19:37.900 which is November 9th,
00:19:39.080 Joe Biden has a post-election press conference at the White House.
00:19:42.440 So the president of the United States himself,
00:19:44.920 and he is asked about the looming announcement that we're talking about
00:19:48.900 that happened on November 15th,
00:19:50.420 where Donald Trump announced that he's running for president again from Mar-a-Lago.
00:19:55.000 But that November 9th press conference,
00:19:58.660 Joe Biden says that he will stop Donald Trump from becoming president again
00:20:03.120 via constitutional means.
00:20:05.500 That's his word, not mine, right?
00:20:07.600 Like Joe Biden used the word constitutional,
00:20:09.980 meaning that he's not going to beat him in the election at the ballot box.
00:20:13.580 He's going to use legal and constitutional battles like all of this stuff.
00:20:18.340 Then nine days later, all of this stuff happens, right?
00:20:21.100 Like, again, it's D.C. and the federal government and state governments, et cetera,
00:20:27.320 are so incompetent that it's not believable to believe that this wasn't set in motion
00:20:34.140 by the president.
00:20:35.380 But that's the point, is that these things don't happen this fast, this quick,
00:20:42.960 all in one day by accident.
00:20:45.220 This is why they're sad.
00:20:47.160 This is why they're sad.
00:20:48.920 Because they understand on the afternoon of the 20th of January,
00:20:52.320 we're going to get all those records.
00:20:54.640 All of them.
00:20:55.600 Lisa Monaco's, Merrick Garland's, Matthew Colangelo, Alvin Bragg, Tish James,
00:21:01.920 Fonnie Willis, Nathan Wade.
00:21:03.300 All of them are going to go to prison for a vast conspiracy against Donald Trump,
00:21:10.140 as sure as the turning of the earth inside the Constitution and by the rule of law.
00:21:17.000 Go ahead, Matt.
00:21:18.180 Yeah, every text message, every email, every document is going to become part of the public record here.
00:21:26.080 As long as Donald Trump wins the election and the Republicans hold the House and take the Senate,
00:21:32.220 if that happens, I believe that there will actually be an equal application of justice under the law on these fronts.
00:21:40.880 I think these people will face serious consequences for their actions.
00:21:46.560 I don't know what those consequences are, and I don't know what facts will be uncovered and whatnot,
00:21:51.360 but I can tell you that seeing these three things happen, this turn of events, on the exact same day,
00:21:58.460 is unheard of in American government and politics.
00:22:01.920 Our government is so complicated.
00:22:04.300 It's not—this is not—it's too much of a coincidence for it to be a coincidence.
00:22:11.320 Oh, it's—hang on for one second, Matt.
00:22:14.780 I want to bring in—I want to bring in the great Gateway Pundit, Jim Hoft.
00:22:19.640 Jim, they're already trying to put you in bankruptcy, okay?
00:22:23.000 And now I see a big story.
00:22:24.540 They're coming—walk us through how the DOJ is now weaponized against Gateway Pundit.
00:22:30.040 Yeah, Steve.
00:22:30.780 Well, this isn't a surprise.
00:22:31.960 And by the way, that was a great clip.
00:22:33.840 Matt's comments in that story at Breitbart is just huge.
00:22:36.760 I took a different take from Rachel Maddow.
00:22:38.840 When she says that, you know, she's worried they may come after her,
00:22:42.460 well, welcome to our world, right?
00:22:44.680 This is what we've been going through for several years now.
00:22:48.540 And certainly at Gateway Pundit and Steve, of course, your story, everyone knows.
00:22:53.100 So we're just another one of the pawns that the Biden administration has been trying to take out
00:22:58.000 since they came into office.
00:23:01.100 We decided last month—
00:23:03.120 Hold on. Hang on.
00:23:03.640 Whoa, whoa, whoa, whoa.
00:23:04.460 Hang on.
00:23:04.940 Whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa.
00:23:07.600 Stop.
00:23:08.000 Full stop.
00:23:08.900 There's a huge difference.
00:23:11.420 What you're reporting you're doing with War Room, we have no governmental power.
00:23:15.980 We had a guy that they threw out of here, stole the election, and sent to Mar-a-Lago
00:23:19.620 that was in the 30s for his approval.
00:23:21.840 We have no power.
00:23:23.640 President Trump had no power.
00:23:25.820 We're just doing information and putting up stories and getting guests on.
00:23:30.380 We have no government power.
00:23:31.900 We gained power, blocking power, the command by negation because of our work to get at least some MAGA into the House of Representatives
00:23:43.620 and be able to have that as both a forcing function and a stop function.
00:23:47.520 But we have no executive governmental power or no judicial power or no real legislative power.
00:23:54.460 We're just a couple of grundoons.
00:23:56.740 The Gateway Pundit's a very interesting site.
00:23:58.620 I go there first thing in the morning every day.
00:24:00.220 It's a very interesting site.
00:24:00.840 But you're just another grundoon like Steve Bannon and Matt Boyle, just another guy.
00:24:06.360 Difference in Rachel Maddow, as the evidence will show with Andrew Weissman and all the people on MSNBC
00:24:12.760 and someone seeing him, but particularly MSNBC, they colluded in all of this with government officials
00:24:18.380 and the leaks and all of it, and it's all coming out.
00:24:21.760 It's a huge difference, Jim Hoft.
00:24:24.300 You're just a guy with a site that puts up some stories they don't like
00:24:27.060 and helped drive the fact that President Trump is going to take over again.
00:24:31.420 That's why they hate you, but there's nothing you did that's anything more than just putting up stories and driving narratives.
00:24:37.600 They are the propaganda department included, and Weissman and a bunch of their guys they have up there all the time
00:24:42.860 actively worked on these things and then lied about the presentations of it.
00:24:46.260 Oh, no, no, no.
00:24:48.120 The receipts here are going to be quite different on Jim Hoft and Rachel Maddow, sir.
00:24:52.360 But continue on.
00:24:54.140 Well, absolutely.
00:24:55.320 We're not getting tips from the DOJ for any of our stories that we put up, as you know.
00:25:00.660 So we moved to this Chapter 11 in Florida, and what happened in the past two weeks, Steve,
00:25:06.700 is you go into this, it's a process called a 341 meeting.
00:25:10.620 And if you look it up online, it'll say it lasts about 10 minutes.
00:25:14.760 What we found when we went in there was I was grilled for two hours by this DOJ trustee who was assigned to our case.
00:25:25.540 So he's asking me all these bizarre questions, grilling me, abusing me, abusing my attorneys for two hours.
00:25:33.860 Then at the end of the two hours, he decides, oh, we're going to have another session next week.
00:25:39.320 And then he was going to allow some of these people who have cases against us then to go at us for the second session.
00:25:48.640 So we went to another session a couple days ago in the morning.
00:25:52.640 It lasted another two hours where they're grilling me, abusing me, abusing my attorneys, asking us all of these questions that, you know, legal questions that I wouldn't have any idea about.
00:26:03.540 And so then we find out, Steve, afterwards, during this process, I find out that the DOJ is actually putting their thumb on the scale.
00:26:14.760 They're pressuring this person to make sure that this Chapter 11 is thrown out.
00:26:21.420 Why is that? Why is that, Steve?
00:26:23.400 Because we have a couple of very important cases that these people are coming after us, and they don't want these cases to get to trial.
00:26:30.520 That's my opinion, okay?
00:26:31.960 One is with Ruby and Shea, years ago now, we reported that they were stuffing ballots, stacks of ballots, through machines late at night in the State Farm Center in Georgia.
00:26:44.920 And there was no observers there, no GOP observers.
00:26:48.260 They were sent home.
00:26:49.280 We reported this.
00:26:50.160 We have the video, right?
00:26:51.960 And they decided to sue us.
00:26:53.920 And in the meantime, there's another case with this Eric Coomer character who worked for Dominion.
00:26:59.700 This case goes on.
00:27:01.020 It's cost us, you know, hundreds of thousands of dollars.
00:27:04.940 And so they want this to get sent back.
00:27:07.320 That's my belief.
00:27:08.620 And they want this to get thrown out.
00:27:10.780 So the DOJ is actively working behind the scenes secretly to make sure that this happens.
00:27:17.760 We find that out this week.
00:27:19.000 We also find out, Steve, after the call is over, I find out that there were 15 people on this call.
00:27:25.040 Attorneys, we don't even know who was on the call.
00:27:29.720 We knew of about 11 people we can identify.
00:27:32.660 There's several others who were sitting on this call, this court hearing call.
00:27:39.160 And then within 24 hours, of course, we see a hit piece on Gateway Pundit out at the Insider.
00:27:45.500 This was leaked within 24 hours saying that I bought a Porsche at one time.
00:27:49.740 And I also bought a condo in Florida.
00:27:54.060 And that's their big hit piece on us.
00:27:56.000 So this is what's happening to Gateway Pundit.
00:27:58.700 It goes on and on and on.
00:28:00.500 And Steve, you know, you understand exactly what this is like.
00:28:04.640 Just hang on one second.
00:28:07.680 Matt Boyle, national political editor from Breitbart News.
00:28:12.140 Jim Hoff, founder and publisher of the Gateway Pundit.
00:28:15.080 We're going to take a short break.
00:28:16.060 Scott Besson is going to also do this.
00:28:17.800 For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider.
00:28:25.020 And when I say only, trust me, they're the only one.
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00:29:42.600 Here's your host, Stephen K.
00:29:45.720 Bannon.
00:29:54.620 Walk through.
00:29:56.680 Just for some scheduling.
00:30:00.840 For some scheduling.
00:30:03.000 Scott Besson is going to join us in a moment.
00:30:05.100 We're going to go through this financial fiasco that we currently have that you guys know that we warned you about for the last couple of years.
00:30:12.340 It's now upon us.
00:30:13.640 Paul Dans on Project 2025 is going to be in the second hour.
00:30:16.360 We're also going to go to England.
00:30:18.880 Raheem Kassam and Ben Berkwam.
00:30:21.740 Our now Real America's Voice, Ben Berkwam, is going to be in England for this amazing race for parliament.
00:30:28.780 Raheem is going to be there.
00:30:31.820 I believe they're not going to Blackpool.
00:30:33.500 I think they're going to, with Nigel, I think they're going to the district that Nigel's running in.
00:30:36.960 We're going to get a full report from that.
00:30:39.940 Also, later today, in the 5 o'clock, lead story in the Washington Times today.
00:30:45.580 Boebert is at 40%.
00:30:48.500 She's got a massive lead.
00:30:50.040 In her primary, we're going to have Lauren Boebert on to discuss everything that's happening right now in her race.
00:30:54.600 At 6 o'clock, Naomi Wolf is going to join.
00:30:58.580 She's going to deconstruct more of the Fauci interviews tomorrow.
00:31:01.620 Natalie Winters is going to come back.
00:31:03.000 We're going to do more.
00:31:03.600 We've got to get to the bottom of everything, all the lies that Fauci is talking about and make sure that we're holding my account.
00:31:08.960 Also, Brian Costello on Sequoia Capitol.
00:31:14.460 The crimes of Sequoia Capitol.
00:31:16.100 We're going to break all this down.
00:31:17.080 The ties to the Justice Department, the FBI, Republican Party, and Democratic Party.
00:31:21.500 So we're going to get into all of that.
00:31:23.980 And Harnwell is going to stay up late because there's polling out of the United Kingdom that absolutely shows that, hey, he may only end up with five to seven seats in Parliament.
00:31:33.780 But Nigel Farage is just storming ahead of the Tory party.
00:31:37.920 It's absolutely extraordinary.
00:31:38.820 So all of that today and much, much more.
00:31:41.820 We have a Supreme Court watch.
00:31:43.640 Some cases are dropping right now.
00:31:45.380 Fisher did not drop.
00:31:46.720 The immunity did not drop.
00:31:47.920 I don't think the Chevron deference or any of the big administrative states, but we're going to get into all that.
00:31:53.040 And then also Julie Kelly will join us.
00:31:55.720 Jim Hoft, people love the Gateway Pundit.
00:31:58.620 Where do we go?
00:31:59.620 How do we keep up with the story?
00:32:01.920 Yeah, Steve, they can go to thegatewaypundit.com.
00:32:04.580 We'll be reporting there.
00:32:06.000 And we have this report up this morning.
00:32:08.800 And appreciate it as always, Steve.
00:32:10.640 Let me, just people want to know, with all this turmoil you're going through, we're not going to have, you know, it's bad enough to get Alex Jones on the ropes.
00:32:23.040 They're not going to shut down Gateway Pundit, particularly now.
00:32:25.500 They want to shut down Gateway Pundit between now and 5 November.
00:32:28.860 But there's no chance that happens, correct?
00:32:31.800 I don't believe so, Steve.
00:32:33.260 I'm not planning on that.
00:32:35.500 Right.
00:32:36.060 And that's why we made the move that we did.
00:32:38.260 Fine.
00:32:41.120 We have your back.
00:32:44.400 This audience does too.
00:32:45.400 Appreciate you, sir.
00:32:46.620 You're a hero and patriot.
00:32:47.900 Thank you, Steve.
00:32:50.900 From Chapter 1 in Nicole Wallace's book on us, Jim Hoft, along with Andrew Breitbart.
00:32:58.280 Also in Chapter 1, Matt Bolt.
00:32:59.680 Matt, you said something that with everything we put out today in this amazing story, and people need to go to Breitbart News, the team right now is pushing it out.
00:33:08.100 But you said something that is true wisdom.
00:33:12.580 The reason they're sad and worried is the rise of MAGA, and they understand the political power we have.
00:33:18.400 But it doesn't mean anything if we don't close the deal.
00:33:21.880 This is what happened in 2020.
00:33:23.800 So you've been at this for a long time.
00:33:25.540 You've got a lot of scars.
00:33:26.380 What is your message to the MAGA base, sir, about where we are and what we need to do?
00:33:32.160 Well, first off, I mean, while the polls look good in a lot of places and there's a lot of good promising numbers out there, you have to win, right?
00:33:38.940 Like none of this matters unless we win on November the 5th, right?
00:33:42.360 Like Donald Trump must win this election.
00:33:44.560 That's the first and foremost, most important thing.
00:33:46.660 Secondly, the Republicans need to take the Senate.
00:33:50.020 And thirdly, the Republicans need to hold the House, right?
00:33:52.460 Like so all of that stuff happens.
00:33:54.940 That's the first thing.
00:33:56.080 That's step one, right?
00:33:57.560 Like so step one is a complete GOP sweep, America first, Republicans especially, of Washington, D.C.
00:34:06.040 And then the next steps are beyond that.
00:34:10.220 It's going to be actually seeing this through in a second Trump term, right?
00:34:15.620 Like so making sure the right people get into key positions in government.
00:34:19.800 We saw this, of course, during the Trump administration, the first go around where there were some not so great people that got into political appointed positions, whether they were Senate confirmed or not.
00:34:29.560 And so making sure that this movement's ready for a second Trump term, I think it's a little bit more mature than it was back in 2016 when the first go around.
00:34:41.180 So that's going to be important.
00:34:42.800 And then actually following through on this stuff, right?
00:34:45.200 Like going through, not just going through the motions of let's have another hearing where people get to go have their little three-minute Fox News interviews, right?
00:34:53.780 Like or their Fox News clip appear where they yell at somebody for three minutes.
00:34:57.740 No, there have to actually be consequences.
00:35:00.000 They have to actually see this stuff through to the end.
00:35:03.720 And that means some of these processes take years.
00:35:06.880 And look, the reason why they're coming after all of us, right?
00:35:10.740 Like they're coming after you.
00:35:12.140 They're going after the Gateway Pundit.
00:35:13.780 They're going after Alice Jones.
00:35:15.320 The reason why they're going after Peter Navarro.
00:35:17.620 I mean, Peter Navarro is in jail right now, right?
00:35:19.560 Like the reason why they're going after Trump, right?
00:35:22.520 Like the reason why they're going, I mean, they've been coming after Breitbart for 10 years, right?
00:35:26.500 Like the reason why they're coming after all of us in any way they possibly can.
00:35:30.820 I know they're, I see they're going after the Epoch Times as well, right?
00:35:33.740 Like why are they doing that, right?
00:35:35.540 Because they know that the only way that they can get away with this stuff, even if Trump wins the election, even if the Republicans win, is if they shut down the American right.
00:35:47.880 Because those of us out here who are actually going to tell these stories and hold these politicians' feet to the fire are the reason why.
00:35:57.920 Because look, here's the deal.
00:35:58.960 We've seen it too many times where the Republicans get into power and then they get, oh, we've got to be nice.
00:36:04.120 You know, oh, we're not going to lock her up, right?
00:36:06.800 Like we're not going to do it.
00:36:08.080 This is not a time for niceties, right?
00:36:10.040 This is a time for evening the scales of justice and making sure the law is applied equally and fairly across the board.
00:36:17.160 We see the heavy hand that they've applied to the American right.
00:36:21.740 Well, the American left has a lot more problems than the American right, and it needs to be equal.
00:36:27.380 It needs to be fair.
00:36:28.740 And we're going to have to be there every step of the way to guide the Republicans, if you will, in the right direction.
00:36:35.120 As sure as the turning of the earth, Matt Boyle, how did they get to Breitbart?
00:36:40.840 And I think you're now back on social media over truth.
00:36:44.920 One day we'll have to tell.
00:36:46.120 We'll take a half hour.
00:36:47.120 We'll tell you the social Matt Boyle and Twitter.
00:36:49.940 We'll hold that for another day.
00:36:51.920 Where do people find Matt Boyle?
00:36:53.300 Where do they get all the Matt Boyle they can take?
00:36:56.440 So just Breitbart.com.
00:36:58.460 All our reporters are working very hard around the clock.
00:37:02.000 So just go there.
00:37:02.720 And then also I'm on True Social at Real Matt Boyle.
00:37:05.500 And I do our Saturday morning radio show.
00:37:07.480 I took over from one of the greats, obviously, yours truly, Steve, on Saturday mornings, 10 a.m. to 1 p.m. Eastern time on Sirius XM 125.
00:37:19.640 People ought to tune in there.
00:37:20.860 It's a very special show.
00:37:21.880 Matt gets the best guests and does great interviews.
00:37:24.260 And thank you for being our guest at Detroit Live.
00:37:27.000 People loved it, Matt.
00:37:27.900 You've got a huge fan base.
00:37:28.880 Thank you, sir.
00:37:29.460 Appreciate you.
00:37:30.760 Anytime.
00:37:31.120 The great Matt Boyle.
00:37:34.100 What a way to start.
00:37:36.380 Think about the line.
00:37:37.120 I kind of got 27 Yankees today.
00:37:39.380 I got Jim Hoff.
00:37:40.280 I got Matt Boyle.
00:37:41.200 I got Scott Besson.
00:37:42.100 I got Paul Dans.
00:37:43.580 Raheem Kassam.
00:37:44.820 And Burquam over in London.
00:37:48.560 Following Nigel, who's now hurtling towards, look like, way ahead of Richie Sunak.
00:37:55.380 We'll get to all that.
00:37:55.960 I got a cold open for Scott.
00:37:57.240 And I asked Scott, Scott changed his schedule to do this for us because he's the wise man
00:38:00.720 about these numbers.
00:38:02.040 And he's got a lot to say about it.
00:38:03.580 Let's go ahead and play Scott's cold open.
00:38:06.460 This fiscal year is 7% of GDP.
00:38:09.160 Never been like that.
00:38:11.460 And by just where we are right now, it's going to be 122% the debt held by the public, 122%
00:38:22.920 by 2034.
00:38:24.480 It's going to go up every year.
00:38:25.800 It was never over 100 before that.
00:38:28.020 Do you believe in MMT?
00:38:30.020 Do I believe in MMT?
00:38:31.060 Yeah.
00:38:31.340 I do not.
00:38:32.080 I do not.
00:38:32.980 But the two candidates running for president have no interest in reining in the debt or
00:38:37.020 the deficit right now.
00:38:37.840 Or entitlements.
00:38:38.780 Or entitlements.
00:38:39.740 So how does that, when does that never comes home to roost?
00:38:42.940 So if productivity increases and we're seeing.
00:38:45.760 Again, here we are.
00:38:46.980 I'm talking productivity.
00:38:48.080 It doesn't have to be AI.
00:38:49.220 It's also in the healthcare sector and some of the biotechs that we're seeing as well.
00:38:53.080 And the pharmaceuticals driving efficiencies and driving better outcomes for patients as
00:38:57.520 well.
00:38:57.540 I'll be more productive if I'm not fat.
00:38:59.460 We are.
00:39:00.800 Really?
00:39:01.220 All of us are.
00:39:02.260 More productive when you're not fat.
00:39:03.480 Correct.
00:39:03.940 That's another reason for me to do.
00:39:05.740 Remember, part of the nomenclature we've tried to teach over the last three years, I think,
00:39:14.640 now maybe four years, is modern monetary theory, which is this bizarre, you know, of the many
00:39:20.820 bizarre theories that came out of France, and there have been many, this may be the most
00:39:25.840 bizarre, that deficits don't matter and essentially your currency doesn't matter.
00:39:31.220 Scott Besson.
00:39:31.780 Scott, before we talk about the solution, because they're sitting there trying to pitch
00:39:35.100 a supply side, we're going to, productivity and all this, of course, you know the math
00:39:40.160 doesn't work.
00:39:41.440 But you've taken a look at this, and you're the best guy I know with the numbers, and you're
00:39:46.080 saying, hey, this is so much worse than CBO's presenting.
00:39:50.680 So can you just take a second and walk us through exactly what was dropped on us by CBO the other
00:39:55.860 day about these deficits, about the exploding debt?
00:39:59.980 Can you take a second and walk our audience through what your take on this is?
00:40:04.340 No, Steve, thanks.
00:40:06.000 Good morning.
00:40:06.520 And I'd be glad to.
00:40:07.400 And I'm going to start out as a financial analyst and then later on express some political
00:40:13.380 opinions.
00:40:14.660 But this is worse than I imagined.
00:40:19.200 We're halfway through the year.
00:40:21.460 The debt to GDP or deficit to GDP is going to be $2 trillion.
00:40:27.240 I'm sure that the number will be revised up later in the year.
00:40:32.000 A big amount of this is related to the student, illegal student loan forgiveness.
00:40:38.580 And I'd like to put on my political hat.
00:40:41.140 I was at the Manhattan Institute the other day, and I and a group of people made this
00:40:47.460 point.
00:40:48.420 Joe Biden is like Imelda Marcos throwing dollar bills out of a bus window, and he's not very
00:40:55.420 popular.
00:40:56.300 So it's clear he's spending a lot.
00:40:58.940 And this is, like I said, it's worse than I can ever imagine.
00:41:03.300 I have come out from behind my desk.
00:41:05.540 I'm taking a more public role because I believe that 2024-25 is the last opportunity for a supply
00:41:14.800 side solution or for us to grow our way out of this.
00:41:19.380 But with numbers like this, I think on your show before, I previously said Joe Biden has
00:41:26.280 the steroid, anabolic steroid economy, looks great on the outside, but it's killing your
00:41:33.200 internal organs.
00:41:34.460 I tell you, these guys are about to put us on a ventilator.
00:41:37.400 Like I, you know, their prescription for what they want to do in 2025 to get the deficits down
00:41:43.600 is high taxation, more regulation.
00:41:46.640 So, you know, I think we're going to go from the steroid economy to the ventilator economy
00:41:51.540 because the steroids have killed your capacity.
00:41:56.080 And the most worrying thing here is just the debt service, the interest bill for the United
00:42:04.240 States of America will be $1.1 trillion this year.
00:42:08.860 To put that in perspective, the defense budget is about $850 or $900 billion.
00:42:15.220 So we are spending more on interest than we are spending on defense.
00:42:22.020 If there are no interest rate cuts this year, the interest bill will automatically go up to
00:42:32.240 $1.5 trillion for 2025.
00:42:36.460 We have never seen this when we are not at war or not in a recession.
00:42:41.360 So, you know, we are at the 6.87% deficit to GDP with full employment and Joe Biden telling
00:42:51.980 you how great the economy is.
00:42:54.040 This is an unsustainable path.
00:42:57.120 If the economy starts weakening, right now what we're seeing is a spending problem.
00:43:05.300 So, the revenue side is fine.
00:43:12.100 I tell you, Scott, we're going to go to break.
00:43:17.920 We're going to go to break for a second and we want to reboot you because you're coming
00:43:23.380 through a little broken.
00:43:25.120 Birchgold.com.
00:43:27.380 Go talk to Philip Patrick and the team.
00:43:29.100 We lay at the macro case.
00:43:30.340 They talk to you about the specifics.
00:43:32.500 Birchgold.com.
00:43:33.380 Also, you can download free, five free installments on the end of the dollar empire.
00:43:39.240 Short commercial break.
00:43:40.060 We'll get back into the numbers on the other side.
00:43:42.780 Can't pay the IRS?
00:43:44.400 You haven't filed in a while?
00:43:46.160 Receiving threatening letters?
00:43:47.340 Hey, it's about to get worse.
00:43:50.480 You know why?
00:43:51.480 The IRS is hiring an army of agents targeting hardworking Americans like you.
00:43:56.360 They ain't going after the billionaires.
00:43:58.100 They're coming after you.
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00:45:06.320 Or visit the website TaxNetworkUSA.com slash Bannon.
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00:45:16.040 Here's your host, Stephen K.
00:45:18.140 Bannon.
00:45:21.200 Philip Patrick and the team are working.
00:45:23.040 Make sure, you know, we give you access to senior management.
00:45:25.400 So make sure you go check it out.
00:45:26.820 Birchgold.com slash Bannon.
00:45:28.920 We do macro or capital markets every day.
00:45:31.680 And I want to thank folks in Detroit when we had the meet and greet.
00:45:35.960 So many people came up, particularly young people, and said,
00:45:39.680 I love the way that you guys walk through the economy, walk through capital markets.
00:45:43.380 You connect things we never taught in school and didn't know.
00:45:45.480 So this is, we've got to thank Dr. Dave Bratt and Dr. E.J. Antony.
00:45:51.780 And, of course, Dr. Peter Navarro, currently riding in a federal prison.
00:45:56.360 And, of course, Scott Besson and many, many others to come in and help us with this.
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00:46:21.360 Whatever you think.
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00:46:23.000 Scott, you're a mathematics guy.
00:46:27.760 What worries me most about this is that this is not a true picture.
00:46:31.760 We're being, the institutions around the federal government, like the Federal Reserve and Treasury,
00:46:38.840 trying to work together to juice the economy.
00:46:41.000 BLS giving us false numbers that they're changed.
00:46:43.420 As bad as this is and this is horrible, it's not the true horrible picture, is it, sir?
00:46:49.820 No, look.
00:46:51.760 These numbers aren't, they're not meant to be accurate.
00:47:00.600 They're meant to be just a snapshot in time of the data that's available.
00:47:05.440 What is alarming is the trend, and this deficit just is not going down, and it's all spending.
00:47:16.820 It's like I said earlier.
00:47:18.120 It is a spending problem, not a revenue problem, but the real you-know-what will hit the fan when we get a revenue problem because, you know, we're not going to get a spending decrease.
00:47:29.960 The Biden administration put out their 10-year budget, and, you know, they say that they're going to get the deficit under control, which is my mind, kind of like Hannibal Lecter saying he's going to be a vegan.
00:47:42.040 And they just want to keep spending, but now they want to tax, tax, tax.
00:47:48.020 And, you know, it's just a deeply cynical thing to have done.
00:47:52.540 The way this has happened, and, you know, A, it is a financial problem, but B, you know, I say that it has now become a national defense issue.
00:48:04.900 You know, if you look back, I think it was Cicero who said, you know, the sinews of war are infinite money.
00:48:13.920 The U.S. Treasury flexed up three times in the history of this country, and Salman Chase financed the Civil War for the Union.
00:48:25.760 So the Treasury and our ability to borrow saved the Union.
00:48:29.640 The Treasury and the ability to borrow saved the American people during the Depression, and the Treasury and the ability to borrow saved the world during World War II.
00:48:41.620 And now, you know, we're at the point where we are borrowed out during a boom.
00:48:48.360 But, Steve, to your point, look, you know, the folks at the CBO are good, well-meaning technocrats.
00:48:56.440 The protocols that they use are not accurate.
00:49:01.980 And, you know, I do have an issue with some of the sequencing that they've done.
00:49:08.040 Their recent work on immigration I thought was off-base because they showed the benefits of economic growth through new arrivals without the cost.
00:49:18.780 And at a point, I had a meeting with them and told them, you know, that I thought that it was not great sequencing and they should have put in the cost.
00:49:29.120 But more importantly, the costs borne by the federal government are obfuscated because it ends up at the state and local level.
00:49:38.080 Like, look what's happening to the budgets of New York City, Denver, Los Angeles.
00:49:43.420 Eventually, the federal government will have to step in.
00:49:48.640 The other thing that happens, and I think it explains a lot of the polling for President Trump, the budget cuts for those cities are borne by the most vulnerable people.
00:50:02.000 And, you know, low-income people, you know, are getting it both ways.
00:50:07.840 Their wages are being suppressed by the immigration and the government services are being cut.
00:50:14.160 You're seeing veterans shelters or veterans centers in Boston being reallocated to migrant shelters.
00:50:22.400 So, you know, this isn't an accurate number.
00:50:26.660 When you had asked me earlier, you know, the accrual on this, you know, I am sure that after November 5th, we will get a much bigger number.
00:50:41.040 Yes, all of a sudden they're going to find – hang on for a second.
00:50:43.440 I've got to ask you.
00:50:44.060 But also you were the first one to point out for us, and you came on months ago about this unique time when the Fed and Treasury started to work together to juice the economy and all the disasters happened from that.
00:50:56.040 It's also Janet Yellen's radical theory of how this is financed.
00:51:00.420 One of the reasons you have gross interest now of 1.1, and if they don't have a rate cut, you're going to go to 1.5 trillion.
00:51:05.920 And, ladies and gentlemen, that's just taking money out of everywhere is she's – the three-card money is this thing is so upside down they're financing it in 90-day bills and notes, right?
00:51:17.440 Isn't the financing process itself adding to this?
00:51:21.240 And, folks, if you think that's too esoteric, pull out your credit card bill because your 29 percent APR or your mortgage or your car loan or all of it is because the inflation is now embedded in how the government is financing this massive debt.
00:51:35.000 Am I wrong on that about this three-card money, Brother Besson?
00:51:39.560 No, Steve, you're right on point as usual.
00:51:43.960 And I think the best way for your viewers, listeners, to think about this is if you were financing your household, you could either take out – you could have gotten a 4 percent mortgage in 2021 and had household debt with a long-term 30-year mortgage at 4 percent.
00:52:07.200 Or, another point, you could take out – you could take out credit card debt every day.
00:52:12.280 And what's happening is Janet Yellen is paying down the mortgage and using the credit card to do it because she wants to keep long-term interest rates down.
00:52:21.600 She's suppressing long-term interest rates to keep the stock market up, keep the bond market from blowing out.
00:52:26.980 And then she's using the national credit card at the very short end to pay the highest rate available.
00:52:35.860 So – and, you know, again, we'll see what she does after November 5th.
00:52:39.980 And I was very proud of Senators Hagerty and Kennedy the other day because they really gave her the business on that.
00:52:49.980 I spoke with Senator Kennedy.
00:52:51.580 Hang on one second.
00:52:54.460 I want to get all this.
00:52:55.560 I know you're busy, Barry, to hold your – the 90-second break.
00:52:59.160 Scott's going to be on this side.
00:53:00.380 We'll keep him for a few minutes.
00:53:01.380 We've got more to go through.
00:53:02.520 Paul Dans.
00:53:04.000 So the MSNBC producers should get ready.
00:53:06.480 The CNBC guys can now shift off after Scott get ready.
00:53:11.280 The MSNBC, Paul Dans, Project 2020.
00:53:15.080 I want to warn you of a huge change that could be coming to our money and our bank accounts.
00:53:20.620 First, think back to 9-11, shortly after the government pushed through the Patriot Act.
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00:53:32.640 Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author, is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.
00:53:46.700 In fact, some of the guests I've had on The War Room believe that the government will soon expand their powers to track our every move.
00:53:54.100 If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA, the government may be able to shut us out of our bank accounts.
00:54:05.100 I can't say for sure if this will happen, but it's an interesting and dire warning.
00:54:10.640 Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming and how to protect yourself from the possibility of programmable money.
00:54:22.960 Watch Jim's warning video now, before it's censored like I've been in the past.
00:54:28.740 Go to RickardsWarRoom.com.
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