J.D. Vance joins us on The War Room to talk about his VP pick, Sarah Palin, and why he thinks Joe Biden is the best choice for the 2020 Democratic presidential nomination. We also talk about the latest in the Mueller investigation, the Democratic primary debate, and much more!
00:01:58.880We have Michelle Bachman coming up later on the show, and just a stunning contrast in vice presidential candidates, right?
00:02:10.080They're trying to make, along with the help of the mainstream media, which is—it's stunning, right?
00:02:19.460Biden was fine, and then he's not fine, and then they worked to get rid of him, right?
00:02:23.720The guy that said he's great and is the best acute mind there is.
00:02:27.380And so, you know, you just can't believe you're lying in ice.
00:02:30.960But Minnesota, I don't want to get too much in front of Michelle Bachman, Congressman Bachman, but they put in place policies, you know, at the same time they say they're Lutheran.
00:02:41.880They say they're putting in policies that take your kid from you in the public school system and turn them into another gender without letting you parents know, right?
00:02:53.980We went through that in Virginia, and the moms rightly were highly energized, elected Youngkin.
00:03:02.860We have Tiffany Justice on the show on that issue coming up, and I'm looking at the stage with J.D.
00:03:09.060I don't know if you all can see it there, too.
00:03:10.920I think you can, but I'm kind of waiting for him to come on up.
00:03:14.200And by contrast, right, they're trying to put Waltz in the hunting uniform and making them look Midwest, whatever.
00:03:22.220He was there when Minneapolis blew up in flames.
00:03:26.100And I encourage you all, go do your research, right?
00:03:32.360And on our side of the football, all political views are my own, but we have J.D. Vance, who grew up with nothing.
00:03:40.320He knows what it's like to come from nothing.
00:03:43.820He advanced through college and then top law schools in the country.
00:03:48.680I think he was head of the Yale Law Review, the pinnacle of Yale even, then does well in business.
00:03:57.600And he must be over the target, right?
00:03:59.900Because when the left says, when the left goes after him with all the vitriol they can, I mean, I think they know the problem.
00:04:08.400And that could be the Waltz reaction as well, trying to put up, you know, they're trying to frame it as they're the normal ones.
00:04:14.680Well, you know, that might last for a week with a media monopoly, but it won't be sustained, right?
00:04:22.320The American people have seen too many bizarre things in the last weeks.
00:04:26.800Denver, let me know what's going on, but I think we're going to pan over to the J.D. Vance speech and then we'll come back to the war room with a star-studded lineup.
00:04:38.580So hang tight with us and let's flip it over to the J.D. Vance coverage with RAV.
00:04:46.880Good. I think we'll just wait for J.D. to get right up there.
00:04:57.740Yesterday, I did an economic overview.
00:05:18.600E.J. and Tony and I will get into all that.
00:05:21.460But the more stunning part is that, you know, this carry trade, this technical piece of the rich, the super rich, right?
00:05:29.620The top 10 percent of the rich own 90 percent of the stocks and bonds.
00:05:33.540But our Federal Reserve and our federal government run the economy on that basis for the elites.
00:05:40.140They're not setting up an economy that's good for jobs, for American jobs, right?
00:05:45.540They're setting up an economy which is leveraged to the hilt, where just teeny, tiny little changes in, you know, a carry trade interest rate in Japan by 0.25 percent sent the entire world into free fall.
00:06:01.040That's how strong our economy and our markets are.
00:06:07.360And the resilience, once something cracks, you know, it is widely agreed, right, just so you know the subtext here.
00:06:15.020Everyone agrees there's another super bubble constructed by the Federal Reserve printing the $9 trillion to accommodate, right?
00:06:22.240The Federal Reserve accommodates the $2 trillion deficits and the $7 trillion government budgets that Congress put together and that the Republicans signed off on.
00:06:34.560The Woken weaponized $7 trillion budget they signed off on.
00:06:38.960So the Federal Reserve has validated all that by printing enough money to make all of that happen instead of not doing that and disciplining our government.
00:06:49.640That's what they would do if they were for the American people.
00:06:52.280And I think, sorry to break up the economic dialogue, but we got J.D. Vance coming to the stage.
00:07:09.000We got a briefing backstage, and they've really opened my eyes about what's going on, even in communities like Shelby Township.
00:07:15.220And it's why it's so important for President Trump and I to back the blue and make it possible for our law enforcement officers to do their job rather than Kamala Harris, who wants to make it harder for them to do their job, who wants to defund them, and wants to make it more difficult for them to keep us safe.
00:07:31.800We've got to throw Kamala Harris out of office, not give her a promotion.
00:07:35.520And that's what our law enforcement needs.
00:07:38.680Now, I want to give a few shout-outs here before I talk about what I learned today.
00:07:42.540First, we've got the great Congressman John James.
00:08:09.980Look, what I realized in talking to some of these police officers, and this is especially to the folks who are watching on TV, is the failure to protect our communities is a policy choice.
00:08:23.040It is a policy choice to defund the police, which is what Kamala Harris wants to do.
00:08:28.700It is a policy choice to open up the American southern border and allow migrant criminals to come into this community and make it less safe.
00:08:37.280It is a policy choice to not deport people, to suspend deportations, which is what Kamala Harris did.
00:08:44.840And I heard just earlier about a criminal who was deported from this community, who came back in and then raped an 11-year-old girl just in the past couple of months.
00:08:56.740I cannot imagine having a government that cares so little about you that they're letting people who come into our communities get deported and come back in, and then they rape our children.
00:09:08.360That is a policy choice of Kamala Harris to suspend deportations and let somebody like that into our community.
00:09:14.580It is a policy choice to not prosecute people who sexually assault minors.
00:09:19.580When Kamala Harris was the attorney general of California, she actually made it a nonviolent crime to commit sex crimes with minors.
00:09:29.600Shouldn't we want to throw people who commit the most heinous crimes in our communities in prison and throw away the key,
00:09:36.520and yet Kamala Harris is making it easier for people to get out of jail after they commit heinous crimes with children?
00:09:42.700It's despicable, but it's another policy choice of Kamala Harris.
00:09:46.280And I guess my message to the American people, and certainly to all of you gathered here today,
00:09:51.600is we don't have to accept this from the federal government of the United States of America.
00:09:56.980Remember, when President Trump was in office, we deported illegal aliens.
00:10:01.580When President Trump was in office, we were building the border wall, which made it harder for illegal aliens to come here in the first place.
00:10:07.880When President Trump was president, we did not grant mass amnesty,
00:10:12.160which allowed illegal aliens to come into our communities, to harm our people, and then to stay here after the fact.
00:16:56.040That means we honor the U.S. Immigration and Customs Enforcement Agency with notice of an arrest of an undocumented person or persons.
00:17:06.500We are proud to work with our state and federal law partners as it relates to keeping the law and keeping the order.
00:17:15.300We need to be clear that bad actions by the undocumented should not have a chilling effect on those who came here legally, like our ancestors.
00:17:27.240However, the problem today is that law enforcement is challenging enough without adding immigration issues into the equation.
00:18:22.820They now want to use the technology behind Bitcoin for their own Orwellian purposes, their gold to dominate our economy by forcing everyone to use central bank digital currencies, which they control.
00:18:35.840Imagine your every purchase being called into question, your every move tracked, like you live in a communist country.
00:18:42.840This is not the America we want, but it is the America they want to create.
00:21:42.040As far as the transgender stuff, the gender ideology stuff that you're seeing, Dave, we're seeing a tidal wave of evidence from Europe showing that gender-affirming care, this idea of puberty blockers, cross-sex hormones, medical transitions, sex changes for kids, is not what's best for kids.
00:21:58.280Now, I think a lot of us with common sense knew that, stopping the healthy development of children isn't a good idea.
00:22:04.020But in Minnesota, that's exactly what Tim Waltz has done.
00:22:08.720I have stated before, I will state again, Tim Waltz was the most radical anti-parent candidate that Kamala Harris could have chosen as a running mate.
00:22:20.640Yeah, and just to be clear, you know, Stephen K. Bannon loves the receipts and the evidence on that.
00:22:25.900So in Minnesota, I think they had the House and the Senate and the governor waltz, and they shoved through this entire leftist agenda, right?
00:22:34.420You have a couple receipts you can point to.
00:22:37.260I think I read, and I just want to be clear and accurate.
00:22:40.860But parents have lost the right to information concerning kids who are going through sex changes.
00:22:51.320And in fact, if your child moves to Minnesota, you lose your parental rights.
00:22:56.240You have no ability to give any consent, to have any knowledge about gender transition.
00:23:00.920If there's a minor child that wants to go through that in Minnesota, parents will not have any type of information shared with them about gender transition.
00:23:44.120So excited about having Tim Walz because he's in their pocket.
00:23:47.420And teachers' unions, union bosses lead to learning losses.
00:23:51.000So there have been three different transgender bills that Governor Walz has signed into law that have horribly hurt children and parental rights.
00:23:58.600And apparently the Constitution doesn't exist in Minnesota.
00:24:04.140Yeah, well, thank goodness we have you.
00:24:06.280You're one of the best messengers I've heard on the whole range of issues.
00:24:10.120The New York Times, by the way, today said the reason for Walz was in quotes.
00:24:14.820He's a team player, and he'll do whatever the team wants.
00:40:26.400There's none of this going on in Russia or China, right?
00:40:29.160This is a neo-Marxist takedown in this country.
00:40:32.920And passive Christians are letting it happen.
00:40:36.080Before we let you go, Ralph, tell us how people can get to you, contact you, help your group.
00:40:41.140And then, well, just first give us your coordinates there so people can reach out and support you.
00:40:48.580They can reach us at faithandfreedom at ffcoalition, ff as in faithandfreedomcoalition.com.
00:40:56.020And Dave, as you know, in the next roughly 90 days, we're going to knock on the doors of 10 million homes with 17 to 18 million evangelical and Bible-believing Christians in those homes.
00:41:12.080It's the largest ground game for the faith community in the history of modern American politics.
00:41:17.900Every one of the issues that you and I have talked about is going to be on those door hangers and on those voter guides.
00:41:25.180And there's one other I want to mention, Dave.
00:41:28.220And that is their Supreme Court packing plan.
00:41:31.260Their scheme to repeal the filibuster in the Senate.
00:41:35.040If Kamala Harris becomes president, they will repeal the filibuster if they have the Senate, and they will impose term limits on the conservative judges, and they'll get rid of three justices.
00:41:47.740They'll appoint radical left-wingers to every one of them, and we will not only lose the presidency and the White House, we'll lose the Supreme Court and, with it, our country.
00:41:57.740Every one of those issues, Dave, 10 to 12 issues will go on door hangers, will be presented to those 17 to 18 million voters with an emphasis on Christian voters that don't turn out in every election, so-called low-propensity voters.
00:42:16.080And if people want to volunteer to walk their neighborhood, to organize their church, go to ffcoalition.com.
00:42:24.640Dave, we will have over 10,000 paid staff and volunteers in the battleground states knocking on those 10 million doors, and when we do so, ignore the polls.
00:42:38.260Forget about the polls, because if you're talking about 17 to 18 million voters that are reached at the door that are going to turn out at 5%, 10%, 15% higher rate than they normally would,
00:42:50.120you're talking about a million and a half to 2 million votes they're not even counting on.
00:42:56.220Hey, Ralph, before you go, just real quick, I just want to heighten the energy for the evangelicals, for the Catholic brothers and sisters out there, for our Jewish friends.
00:43:07.320What percent of the religious community is not voting right now?
00:43:14.660We estimate among evangelical Christians alone, it's about 17 million, about half of whom are not registered, and about half of whom are registered but don't vote.
00:43:33.560So if we got the unregistered registered, it would rise to about 51 million, and if we got all of them to vote, there's virtually no national election that we could not swing.
00:43:47.120It's the largest single constituency in the electorate.
00:43:50.780It's bigger than the Hispanic vote, the African-American vote, and the union vote combined.
00:43:56.280All we got to do, Dave, is make sure these folks understand what's on the line, what the issues are that could be affected, how it could affect them, their family, and their children, and make it clear to them they have a Christian obligation and a responsibility to be an effective citizen, be informed, and vote.
00:44:19.000This isn't about one party versus another.
00:44:23.140The Bible teaches that we are to be effective and empowered citizens of both a heavenly kingdom that is yet to fully come and the earthly kingdom wherever God has planted us.
00:45:21.980I want to warn you of a huge change that could be coming to our money and our bank accounts.
00:45:27.260First, think back to 9-11, shortly after the government pushed through the Patriot Act.
00:45:31.260This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet.
00:45:39.280Now, 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.
00:45:52.980In 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.
00:46:00.880If 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.
00:46:11.760I can't say for sure if this will happen, but it's an interesting and dire warning.
00:46:17.160Fortunately, 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.
00:46:29.780Watch Jim's warning video now before it's censored like I've been in the past.
00:46:52.320It's going to make public safety in your communities better.
00:46:54.240Look, I'm married to the daughter of legal immigrants.
00:46:56.920I do believe in my heart that legal immigration can enrich this country, but not illegal immigration, which is what Kamala Harris has done all over this country.
00:47:06.760...it's made us less safe, it's driven down wages for working Americans, and it's made our communities less prosperous.
00:47:16.200President Trump and I are going to do it.
00:47:17.820And on that topic, I know that was the last question, but let me just offer one final observation again about these guys in the back.
00:47:24.500Law enforcement is fundamentally a team effort.
00:47:27.260You need the federal government to do what it needs to do.
00:47:29.280You need the state government and the local governments to be empowered to keep people safe.
00:47:33.300What is so broken about American public safety, it's not our local police officers who are doing great things.
00:47:38.700It's not our state leadership who's very often doing great things.
00:47:42.020It is the federal government allowing criminals who shouldn't be here, promoting sex trafficking and drug trafficking at our southern border.
00:47:49.440It is making these guys' jobs so much more difficult.
00:47:52.500And it's making it difficult in ways that we don't even always see.
00:47:55.500I talked earlier to these guys behind me a little bit earlier.
00:47:59.500We talked about the fact that when they have illegal aliens and they have to provide food and housing for those illegal aliens,
00:48:06.400that's precious tax dollars that don't go into hiring additional officers that they need.
00:48:11.040So we have been put in a zero-sum situation by Kamala Harris where we can prioritize the interests of American citizens and their safety,
00:48:18.320or we can prioritize the health benefits of illegal aliens.
00:48:22.080We have got to prioritize our own citizens.
00:48:24.440This crime problem is a policy choice of Kamala Harris.
00:49:24.120A lot of it has to do, actually, with Japan.
00:49:27.180The Japanese central bank has been keeping their interest rates incredibly artificially low for a very, very long time.
00:49:34.400We're talking decades of near zero interest rates.
00:49:37.520In fact, for several years, interest rates were actually negative.
00:49:40.460In other words, banks had to pay interest to the central bank, believe it or not, for keeping money on deposit there.
00:49:47.900And so what this did was create an arbitrage opportunity.
00:49:50.680In other words, people could literally borrow money in Japan and then take that money and invest it here in the United States, especially in things like stocks.
00:50:00.440And the proceeds from those stock gains could then be used to pay off the interest on the loans in Japan, plus you have a little bit left over at the end.
00:50:09.240This is commonly referred to as a carry trade.
00:50:12.100The problem with a carry trade is that the margins are incredibly slim.
00:50:16.280So you're really not getting that much of a rate of a return.
00:50:30.060In other words, they will borrow money to make this happen, to increase their margins, to increase their rate of returns.
00:50:36.960But some people have likened this maneuver to trying to pick up pennies in front of a steamroller.
00:50:42.780And sure, it works just fine so long as you can outpace that steamroller.
00:50:46.740But if it ever surges ahead, you're in trouble.
00:50:49.740That's basically what has happened the last few days because the Japanese central bank raised interest rates, and only slightly, I might add.
00:50:57.300But it was enough to blow up what is literally a $20 trillion market.
00:51:02.520So there's a lot of money at play here, David.
00:51:05.680And what we're seeing now is the Japanese central bank essentially capitulate and reverse course.
00:51:12.960And now this basically means that they are going to go right back to reducing interest rates, to printing more money, and to devaluing that currency.
00:51:21.980This is very, very alarming because it's probably a sign of what other central banks around the world are going to continue doing.
00:51:30.300In other words, we can expect a lot more inflation in a lot of places around the world.
00:51:38.600And so, you know, several very interesting points about what you just raised.
00:51:42.940Number one, Japan is acting against their own self-interest right now, right?
00:51:47.460They wanted to change interest rate policy.
00:51:49.420Now they can't do it because they just created a global tsunami.
00:51:52.640You just said $20 trillion in this carry trade business.
00:51:56.640And so our stock markets are set up almost like a casino based on what you're saying, right?
00:52:02.220These are highly leveraged bets that can bring the United States of America to its knees.
00:52:08.480Yesterday, when you looked at the stock block, right, with all the stocks in there and Finviz, go out and visit them, it was completely red.
00:52:16.360So a carry trade in Japan brought down the entire United States stock market, has grave economic implications as well.
00:52:25.120And so if you're running the country, EJ, what would you advise the President of the United States and the Congress to do to get us out of this?
00:52:35.620America first means we need to organize this economy for the American worker, not for the rich 10 percent who own 90 percent of all these stocks that are doing all these leveraged trades.
00:52:45.800So how do you reorganize the stock market, the Federal Reserve, the economy to serve the American people better?
00:52:53.660Well, David, I think one of the things you have to do is you have to reduce the size of government.
00:53:00.060You have to get those government expenditures down because it is the government spending and borrowing that made all of the printing of those trillions of dollars necessary.
00:53:10.500That's why we had the artificially low interest rates.
00:53:15.500They're essentially a warning sign to the United States in terms of what we have to look forward to if we don't get our government under control, if we don't actually get the spending down.
00:53:28.840Their debt-to-GDP ratios, for example, are even worse than we have them here in the United States.
00:53:34.900And so, again, it is very much a foretaste of what we have to look forward to if we don't actually solve the fiscal problems in the United States.
00:53:46.040It is the fiscal problems that have led to the monetary problems.
00:53:50.280And what is Japan doing right now to try to essentially paper over the problem that they've created over the course of several decades?
00:53:57.320They are devaluing their currency even further than it already has been devalued the last several years.
00:54:04.180So, again, the United States dollar has been greatly devalued in the last three and a half, four years.
00:54:09.740And we can go a heck of a lot further if we don't get our fiscal house in order.
00:55:06.640And what I'm about to say applies just as equally to if you have a Republican representative or a Democrat representative or a senator, whatever the case.
00:55:14.240This is about policy, not politics here, just to be clear.
00:55:18.000You need to look up and see what your elective representatives have voted for.
00:55:22.060Did they vote for these bloated budgets?
00:55:23.960Did they vote for the deceptively named Inflation Reduction Act or the Infrastructure Bill or ARPA, whatever the case may be?
00:55:31.080Find out if they voted for any of these bloated spending bills and then call up their offices and say,
00:55:36.880you are the reason that I can't afford groceries.
00:55:41.140You are the reason I am paying two, three times as much as I used to for a dozen eggs.
00:55:46.500You are the reason I'm driving around on bald tires because I can't afford new ones for my vehicle.
00:55:51.940I can barely even afford the car insurance, right?
00:55:54.660You need to say your vote that bloated and expanded the budget so much caused the inflationary nightmare
00:56:02.000and the cost of living crisis that I, your constituent, am dealing with.
00:56:05.940It is your fault that I am in this position and I am not going to vote for you again.
00:57:30.580If you want the country to repair from these last three and a half years, you would never choose Tim Walz because Tim Walz has a proven record.
00:57:40.560He actually has accomplishments, but they're all in line with bringing Minnesota to a place of suicide politically.
00:59:01.740Oh, he blew through that surplus, and then he left the Minnesota taxpayers with an additional $8 to $10 billion in new taxes that we're going to have to raise.
00:59:18.860He decided in Minnesota—David, you remember, you lived here—the coal-dest state, he said to Minnesota,
00:59:26.920oh, the natural gas, the coal, the hydropower, the nuclear power you've been using to have fairly reasonable energy costs because you're the coal-dest state, well, that's gone.
00:59:38.140We're going to dismantle all of that, and they're doing that right now.
00:59:41.820We're dismantling all your sources of energy.
00:59:44.700The only thing you get is solar power, which is 200 percent more expensive than the energy we had, and wind power, which is 50 percent more expensive than what you had.
00:59:57.040Then he put these unreasonable mandates on businesses, so if you own a commercial building, a building that's not a house, you have to decrease your energy costs by 80 percent.
01:00:18.340They're throwing up their hands at their normal people who want to make a living and do better by their family, and they're selling their business.
01:00:39.660He's made the cost of living so expensive for people that what he's doing is he's increasing all the welfare programs, but there's no revenue coming in to pay for them.