Bannon's War Room - December 16, 2024


Episode 4129： Trump 2028; Destroyers VS Reformers


Episode Stats


Length

55 minutes

Words per minute

166.56197

Word count

9,192

Sentence count

727

Harmful content

Misogyny

11

sentences flagged

Hate speech

11

sentences flagged


Summary

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

On today's show, I sit down with my good friend and long-time supporter Matt Gaetz to discuss the current state of the country and the future of the Republican Party under President Trump. We talk about how important it is to have the President on your side in order to win in 2020 and beyond.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 If you take from today, 400 days in the future is the first anniversary of Trump's first year of his second term, January 20th of 2026.
00:00:16.800 The national debt on that day, and if you don't trust me, pull your phone out and go to the debt clock.
00:00:22.340 The national debt will be $40 trillion.
00:00:28.040 $40 trillion.
00:00:30.000 Regardless of what President Trump and Doge does right now, those numbers are almost baked in.
00:00:36.320 And at $40 trillion, the game changes.
00:00:39.920 As Nigel Fry said, after Liz Truss was thrown out of office by the bond vigilantes, Nigel told me, he says,
00:00:48.720 Steve, more governments have been turfed out by the bond market than by howitzers.
00:00:54.480 Right here in this city, the financial capital of the world is going to determine the success of Donald Trump's presidency.
00:01:03.920 That President Trump's got to get, and he will, get a grip on the out-of-control debt, the out-of-control spending.
00:01:11.680 Elon Musk will be a part of this.
00:01:13.840 Right?
00:01:14.060 And I hate to say it, you're going to have populist tax cuts on no tax on tips, no tax on Social Security, no tax on overtime.
00:01:25.820 To make up that gap, I hate to say this, I know you've got a bunch of still Republican Orthodox folks out here. 0.60
00:01:34.940 You're going to have to raise taxes on the wealthy. 0.97
00:01:43.020 Hey, both parties got us into this.
00:01:46.300 Only the populist nationalists could get it out.
00:01:48.680 But you know what?
00:01:49.820 The neoliberal neocons are going to have to pay for what happened.
00:01:54.620 Right?
00:01:55.220 We didn't get in this jam.
00:01:56.980 Do you understand at $40 trillion, at $1.5 trillion of interest expense, what that takes away from the country?
00:02:03.340 This hole that we have dug is unbelievable.
00:02:08.380 And only President Trump can get us out.
00:02:10.340 Now, it's to cripple President Trump in the opening days of his administration.
00:02:14.960 This has to be fought every single day.
00:02:18.060 Biden, you failed the exam.
00:02:20.260 It's now time to put your pencil down.
00:02:22.420 He's only going to be successful if you have his back.
00:02:34.540 The fights in Washington have already started.
00:02:37.360 You see where they passed the NDAA with $900 billion.
00:02:40.760 You see where they're talking about one or two reconciliations.
00:02:44.020 That's all to hide more federal spending.
00:02:46.940 President Trump's going to come up, and he's going to need you to have his back.
00:02:52.460 The fights are going to have Capitol Hill with the Republican Party.
00:02:55.820 Look right now at his nominations.
00:02:58.900 Right?
00:02:59.560 Pete Hexeth has to get approved.
00:03:02.180 Tulsi Gabbard has to get approved.
00:03:04.440 Bobby Kennedy has to get approved.
00:03:06.500 Kristi Noem.
00:03:07.740 Cash Patel has to be approved.
00:03:09.900 Head of the FBI.
00:03:10.800 President Trump took a bullet to the head and four months later won a landslide.
00:03:18.300 He gets to have the team he wants.
00:03:21.540 And I don't give a damn what Mitch McConnell's got to say about it.
00:03:26.160 I don't care what Joni Ernst has to say about it.
00:03:29.360 Okay?
00:03:30.180 I don't care what...
00:03:31.200 Give us advice and then give us your consent.
00:03:35.960 The great Matt Gaetz, we should never allow that to happen.
00:03:40.800 That's one of the greatest young warriors in our movement.
00:03:45.980 It's one of the greatest young warriors in this country.
00:03:48.800 It's unacceptable, unacceptable that we let pencil necks that have destroyed this country like Mitch McConnell tell us who's going to be the Attorney General of the United States. 1.00
00:04:02.240 Where's your fight?
00:04:03.340 You said in an interview a few months ago that, quote, there's a good chance that the Republican Party is going to be...
00:04:08.520 is going to need to be rebuilt or reoriented and that you want to have a voice in the post-Trump Republican Party.
00:04:14.860 Do you think that there's still... do you still think there's going to be a post-Trump Republican Party?
00:04:18.360 Or is MAGA now the Republican Party?
00:04:21.020 Oh, MAGA is the Republican Party and Donald Trump is the Republican Party today.
00:04:25.820 And if you were to ask me who the nominee will be in 2028, I think it'll be J.D. Vance.
00:04:31.060 All right?
00:04:31.700 He's smart, well-spoken, part of the MAGA movement.
00:04:35.380 You said something pretty harsh about him a few months ago, though.
00:04:37.580 You could not have less respect for somebody than J.D. Vance.
00:04:39.900 Long ago.
00:04:40.700 I'm not going to rehash history.
00:04:41.900 And we've worked together in the Senate since then.
00:04:43.540 But, you know, that is what the Republican Party is.
00:04:47.980 And will the party need to change?
00:04:49.760 Look, the Republican Party has become the party of the working class, middle class voter.
00:04:55.960 And you've got to give Donald Trump credit for having done that, taking that away from the Democrats.
00:05:02.020 Democrats pushed him out.
00:05:03.780 All right?
00:05:04.000 The Bernie Sanders, Elizabeth Warren faction of the Democrat Party with some of this, you know,
00:05:08.600 defund the police and transgenders in, or, excuse me, biological males and women's sports. 0.94
00:05:15.740 These things had a lot of people in the middle class just flee the Democratic Party.
00:05:20.200 They're now Republicans.
00:05:21.620 Now, one of the challenges in my party is that our policies do not necessarily line up with the interests of our voters.
00:05:28.340 And so there'll be some, you know, some reorientation that's going to be necessary in my party.
00:05:33.840 The Democrat Party is the one in trouble.
00:05:35.460 I mean, I don't know how they recover.
00:05:39.720 And, you know, I'm not going to tell them what to do because I would begin to have the capacity to do so.
00:05:45.500 But they've lost their base.
00:05:50.360 I mean, union guys and gals have left the Democratic Party and are voting Republican.
00:05:56.020 And the Democratic Party is seen not as rich people, but as college professors and woke scolds.
00:06:05.340 And that's not an attractive feature.
00:06:08.860 And we have to be relentless.
00:06:11.760 There has to be not retribution.
00:06:14.860 President Trump looks at retribution of turning this around, getting the economy growing again,
00:06:19.700 jobs for everybody, to redo the economy of 2018 and 2019, okay?
00:06:25.720 Because President Trump is leader of all the people.
00:06:28.560 He's President of the United States.
00:06:29.560 He's got a kind heart and a big soul.
00:06:32.520 But that's not us, right?
00:06:34.880 We want retribution.
00:06:37.100 And we're going to get retribution.
00:06:39.240 You have to.
00:06:42.920 It's not personal.
00:06:44.680 It's not personal.
00:06:46.220 Think of what they did to this country.
00:06:49.040 Think of what the corporate CEOs did with the DEI programs.
00:06:53.920 Think of the debanking and cut it off for credit cards.
00:06:57.880 Think of how they tried to destroy every person in this audience.
00:07:02.200 If you stepped up and said, remember we used to have this at other places and we'd have police barricades
00:07:07.520 and the left was out there and the media was goading them on, right?
00:07:11.900 Because you know why?
00:07:14.060 They never in a million years thought we'd be back in power.
00:07:20.880 And they need to learn what populist nationalist power is on the receiving end.
00:07:29.540 I mean investigations, trials, and then incarceration.
00:07:35.720 And I'm just talking about the media.
00:07:37.520 Should the media be included in the vast criminal conspiracy against President Trump and his followers?
00:07:52.360 Should Andrew Weissman on MSNBC and Rachel Maddow and all of them, we want all your emails,
00:07:59.200 all your text messages, everything you did, you colluded in a conspiracy with Merrick Garland,
00:08:05.100 Matthew Colangelo, Lisa Monaco, and Jack Smith.
00:08:10.060 This is not me saying it.
00:08:12.020 Benny Thompson's on TV saying give a committee a pardon.
00:08:17.740 Lock them up and throw away the key.
00:08:19.980 You know, when Trump talks about sending to jail people who are on that January 6th committee,
00:08:28.900 that sounds like being a tin pot dictator.
00:08:32.320 So I would hope that we have an FBI and a Justice Department that protects the civil liberties of the American people
00:08:38.900 and does its best to protect American democracy.
00:08:42.580 Well, we know the White House is considering potential preemptive pardons of those who've clashed with President-elect Trump.
00:08:50.760 In light of what the president-elect said to me, that yes, he does think that members of the January 6th committee should go to jail,
00:08:58.900 do you think that Mr. Biden should issue preemptive pardons for the entire January 6th committee?
00:09:06.220 Well, I think he might want to consider that very seriously.
00:09:08.840 Look, that is an outrageous statement.
00:09:11.120 This is what authoritarianism is all about.
00:09:14.120 It's what dictatorship is all about.
00:09:15.420 You do not arrest elected officials who disagree with you.
00:09:20.720 In the White House right now, with the world on fire,
00:09:24.680 they're spending the time on blanket preemptive pardons.
00:09:29.880 Blanket preemptive pardons.
00:09:31.820 Here's the good news, folks.
00:09:33.200 Here's the good news.
00:09:34.440 We've got these rats cornered.
00:09:36.980 If they give the pardons, the Democratic Party is finished.
00:09:42.460 Amy Klobuchar and those people are telling you that.
00:09:44.620 If they give, we dare you to give blanket preemptive pardons to anybody.
00:09:51.920 If it happens, the Democratic Party is over.
00:09:54.920 And if it doesn't happen, you're all going to prison.
00:10:00.800 Wex did that.
00:10:02.460 Donald John Trump is going to raise his hand on a King James Bible and take the oath of office.
00:10:08.060 His third victory, his third victory in his second term.
00:10:17.440 And the vice-rory, Mike Davis, tells me, since it doesn't actually say consecutive,
00:10:24.220 that, I don't know, maybe we do it again in 28.
00:10:27.680 Are you guys down for that?
00:10:34.980 Trump 28!
00:10:38.640 Come on, man!
00:10:39.780 This is the primal scream of a dying regime.
00:10:50.960 Pray for our enemies.
00:10:52.920 Because we're going medieval on these people.
00:10:56.020 Here's the reason I got a free shot on all these networks lying about the people.
00:11:00.360 The people have had a belly full of it.
00:11:02.240 I know you don't like hearing that.
00:11:03.680 I know you try to do everything in the world to stop that, but you're not going to stop it.
00:11:06.300 It's going to happen.
00:11:07.420 And where do people like that go to share the big line?
00:11:11.060 MAGA Media.
00:11:12.400 I wish in my soul, I wish that any of these people had a conscience.
00:11:17.820 Ask yourself, what is my task and what is my purpose?
00:11:21.600 If that answer is to save my country, this country will be saved.
00:11:27.900 War Room.
00:11:28.800 Here's your host, Stephen K. Band.
00:11:36.300 It's Monday, 16 December, the year of our Lord, 2024.
00:11:42.440 Welcome.
00:11:43.040 We're here in the world's financial capital.
00:11:45.620 Following up last night's speech, the 112th New York Young Republicans Club annual Christmas gala.
00:11:54.860 I was honored to be the keynote speaker.
00:11:57.080 Of course, the keynote didn't go on after 11 o'clock at night, and it's a quite rowdy crowd.
00:12:01.000 So, as you can tell, I had to put aside my very serious kind of policy speech and just start throwing bombs.
00:12:08.680 I want to thank Gavin Wax, Fish Burr, Raheem Kassam.
00:12:11.460 Raheem was the emcee last night.
00:12:14.620 Alex Brusiewicz, who's on the show, friend of the show, was the social media influencer coordinator for President Trump's campaign.
00:12:22.960 Just did a magnificent job, really got the ecosystem kind of organized, had a seizure last night.
00:12:30.320 Something happened.
00:12:31.040 It's all over Daily Mail.
00:12:32.300 I want to report that I think Alex is fine this morning.
00:12:35.840 He's resting in, I still think he's in, I think it's New York Presbyterian, one of the hospitals, one of the best hospitals in town.
00:12:42.420 He is resting.
00:12:43.780 I think they feel that it was, he was dehydrated because he'd been drinking coffee all day before his turn last night.
00:12:50.780 So, I know the video looks really, looks bad, but Alex is okay.
00:12:55.300 Of course, he almost took out, if Jack Posobiec had been sitting in his chair, of course, Jack Posobiec, you know, Jack's the official greeter.
00:13:02.860 So, Jack's walking around working the tables, working the tables.
00:13:06.900 The, Alex, when the podium came down, it hit an empty chair, although it almost took out the future ambassador, Dr. Monica Crowley, and, of course, Jack's lovely wife, Tanya.
00:13:21.860 So, but we were able to avoid a catastrophe.
00:13:25.540 I want to break down this speech last night.
00:13:27.560 It's already starting to go viral about President Trump in 2028, about Eric Adams as Q Anon, as a couple of three other things.
00:13:36.420 I was throwing bombs last night.
00:13:37.780 Here's the reason.
00:13:38.380 You get on stage, 11 o'clock at night, crowd's rowdy.
00:13:40.880 They've been there for, like, five hours.
00:13:42.840 They've had an adult beverage or two.
00:13:45.100 It's pitch black.
00:13:46.180 You've got the lights on.
00:13:46.980 You can't see any of the audience.
00:13:48.080 It's 2,000 people or 1,500 people screaming.
00:13:51.540 And it sounds like a 747 jet engine right into you.
00:13:56.640 So, you've got to kind of throw down hard.
00:13:58.700 We did last night in New York City, the financial capital of the world,
00:14:02.620 the centerpiece of the discussion is that the bond market and the global financial markets are going to be the headwind
00:14:11.240 upon which President Trump has to really focus and drive through to change the direction of this country.
00:14:17.080 You've got the Third World War.
00:14:18.260 You've got the border invasion.
00:14:21.220 Ben Burkham's going to join us and Oscar Blue Ramirez at 11 o'clock live from the border.
00:14:25.400 We're going to give a continued update on that.
00:14:26.800 But it's the debt.
00:14:28.600 It's the deficit.
00:14:29.540 It's the spending.
00:14:30.720 It's the taxes.
00:14:31.720 It's all of it.
00:14:33.100 President Trump's economic plan.
00:14:34.820 And, in fact, later this morning, there's going to be a press conference at Mar-a-Lago.
00:14:38.320 President Trump's got folks writing some big checks into the United States of America.
00:14:43.600 Short commercial break.
00:14:44.820 We're going to be back in the war room in just a moment.
00:14:46.840 Big victory on 5 November.
00:15:02.500 Now the work can finally start on the big issues facing the country.
00:15:06.100 One of the biggest is the national debt and the deficits that drive it.
00:15:11.120 Hey, you think the country's broke?
00:15:12.680 The country is broke.
00:15:13.620 We're just printing money to keep this house of cards going.
00:15:18.300 The strategy remains the same for you.
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00:16:20.220 Let's vex business leaders on both sides of the Atlantic.
00:16:23.560 Political leaders on both sides of the Atlantic.
00:16:26.220 Thought leaders on both sides of the Atlantic.
00:16:28.260 Who is going to have his ear the most?
00:16:31.800 The creators or the destroyers?
00:16:34.400 Tell us about it.
00:16:36.040 Joe, I think you understand Trump's mind as well as anyone.
00:16:39.240 I think their intention right now.
00:16:41.120 There is the creators are the folks you're seeing named to the economic jobs, the energy jobs, the AI jobs, where they feel like they can juice economic growth, try to keep jobless rates low.
00:16:53.500 And that keep the stock market soaring.
00:16:55.900 If he does that, he feels like he'll have a very successful presidency.
00:16:59.720 He'd be popular and he'd get sort of what he wants out of the White House.
00:17:04.140 But at the same time, all the people you talked about earlier, all these people who are up for cabinet jobs that are controversial, they would fall into that destroyer category.
00:17:14.220 And those are people that are brought in specifically because of their loyalty, partly to do retribution, partly to gut the very agency that they're being put in charge of.
00:17:24.380 And I think that's the reason you have such jarring moments with Trump.
00:17:27.600 I think you're going to see these wild swings between the two of them.
00:17:31.200 You know, tying all of your stories together today, think about that drones in the sky, right?
00:17:36.180 Like, just right now, you have a ton of people sitting on X who think that it's UFOs or think that it's the Iranians are ready to wage war on America.
00:17:46.020 You've got others paying no attention to it.
00:17:48.380 You have the president-elect saying maybe we should just shoot them down.
00:17:52.580 Then you talk about Hegset, that defense secretary, worrying about a woke military or worrying about trans in the military.
00:18:00.420 Really, the biggest topic, and you have smarter people on the set today than me on this, that the military needs to worry about, that the next defense secretary has to worry about, is drones, or it's related to drones.
00:18:11.560 It's how do you move as quickly as possible to a type of warfare that's waged in space with satellites, with drones, with new technologies, less dependent on boots on the ground,
00:18:24.480 much more dependent on getting the best and the brightest in the government to figure out how do we take this advantage that we have over China, meaning we created AI.
00:18:34.320 We have a big lead over them on ships and a lot of the thinking that goes into AI.
00:18:39.260 How do we take that and make sure that our military is even more dominant in the next generation? 0.62
00:18:44.260 So when you get bogged down in these small ball little things, you lose sight of the big picture where we do have an enormous advantage going in.
00:18:52.280 Okay, that's Jim Vanderhay.
00:18:55.680 The lead story over at Axios today is called Creators vs. Destroyers, and it talks about the two types of basic folks in the Trump cabinet from a policy perspective.
00:19:05.440 It leads with Scott Besson and the economic team and Governor Doug Burgum on energy economics, who's in the White House and the economic side.
00:19:14.820 And it talks about the destroyers, those people.
00:19:17.300 And I think with Jim, the one thing, if I might add, he doesn't quite delineate this very important.
00:19:23.540 It's like they're in conflict with each other.
00:19:25.080 They're not in conflict with each other.
00:19:27.560 Remember, in a capitalist system, you have what's called creative destruction.
00:19:32.940 Creative destruction is just part of the process.
00:19:35.520 It's a part of capitalism.
00:19:36.940 A capitalist society is rejuvenating themselves.
00:19:39.200 I've talked a lot about or somewhat of Thomas Kuhn, who wrote this book called The Structure of Scientific Revolutions back, I think it was in the 70s.
00:19:48.960 It became a very big – because it laid out the concept or the construct of scientific revolutions and paradigms and paradigm shifts, what you have to do,
00:19:58.420 what happens in the lead-up of information and knowledge and the build-up to actually have an old paradigm like the Earth is the center of the universe to a new paradigm that the sun is the center of the solar system.
00:20:14.460 And so you're seeing a paradigm shift as we speak.
00:20:18.300 This is why the rise of populist nationalism, this is a whole different nomenclature than the Republican Party.
00:20:23.940 You saw the surrender flag go up by Mitt Romney.
00:20:27.460 What shocks me about Mitt Romney is, yo, dude, you were the presidential nominee in 2012.
00:20:33.680 These things were already happening.
00:20:36.460 Mitt is supposed to be such a smart guy.
00:20:38.860 The financial collapse of 2008 triggered it.
00:20:42.260 Every financial collapse in human history has been followed by a populist revolt.
00:20:49.100 Why?
00:20:49.580 In the financial collapse, it's always the little guy that gets crushed the most, particularly on a relative basis.
00:20:56.140 They get crushed the most.
00:20:57.020 Yes, the wealthy get hurt.
00:20:58.780 Sometimes the wealthy go bankrupt.
00:21:00.160 They end up penniless.
00:21:01.440 But the little guy gets crushed in financial collapses.
00:21:04.620 And at some period of time, right, the forces come together and people come and leaders arise and say, hey, guess what?
00:21:11.860 Maybe the little guy ought to get a piece of the action.
00:21:14.040 Maybe the little guy ought to be taken care of.
00:21:15.860 It's a natural reaction.
00:21:17.500 Of course, Mitt Romney and all his brilliance in private equity kind of missed that because you had the financial collapse.
00:21:23.440 Then you had the Tea Party movement.
00:21:24.820 Mitt Romney in 2012 went out of his way to diss the Tea Party movement and wouldn't have anything to do with him.
00:21:31.440 I was there.
00:21:32.180 We reached out and tried to – people tried to sit down with Mitt Romney's team.
00:21:36.440 He wouldn't even have a meeting with the Tea Party movement.
00:21:38.820 Why?
00:21:39.180 Oh, because Mitt Romney could smell the Walmart on him, just like Peter Stork.
00:21:45.720 They were the deplorables.
00:21:47.320 Mitt Romney's too good for that, right?
00:21:48.800 He's the guy on top of the wedding cake.
00:21:51.000 So right there he goes, well, it's a working-class party.
00:21:54.260 Yo, dude, this has been 10 years in the making, 12 years in the making, 14 years in the making.
00:21:59.580 It just shows you the people on Capitol Hill and in politics, these big donors.
00:22:06.100 Mitt Romney raised, I don't know, a billion dollars in 2012 from all the rich billionaires, Paul Singer and that entire crowd.
00:22:14.420 This is how clueless they are.
00:22:16.920 And right now they're dangerous because they're just as clueless.
00:22:21.720 But as we head into this kind of – what I saw, this convergence of the Third World War, right, the invasion on the southern border and how you deal with the deportations.
00:22:34.600 And the centerpiece, which is this financial firestorm we're about to go into.
00:22:42.800 Zero Hedge, again, this morning has another incredible story called Falling Off a Cliff.
00:22:46.580 It's about the employment numbers, about, as we've talked about here for over a couple of years, about the real numbers coming out of Bureau of Labor Statistics and now how they reset months after the first number comes out.
00:22:57.560 You actually see the lack of jobs.
00:22:59.040 If you back out jobs from federal spending, either government jobs or what I call government-adjacent jobs, like come up in health care because of spending that's taking place in health care, and these come up.
00:23:09.720 That's not real creative productivity.
00:23:12.240 These are not jobs like manufacturing things, distributing things, even in the service economy, right?
00:23:20.020 These are not coming up whole cloth from a productive economy.
00:23:24.720 That's what the economy – and Dave Bratt – and Dave's going to try to join me at 6 o'clock tonight – continues to talk about the lack of productivity.
00:23:31.560 So in the creators and the destroyers, Jim Vanderhay, what you call the destroyers part of it are really the people going in for the deconstruction of the administrative state.
00:23:44.620 The producers, the creators, Jim – so, Jim, get your number two pencil out and write this down.
00:23:49.420 We're going to take access and make you a little more sophisticated.
00:23:51.680 The creators or the people on the more of the economic side, one of the things they have to get over and all the creativity in getting our growth rate up to, I don't know, three, three and a half, four percent.
00:24:05.220 Scott Besson said his target is three.
00:24:07.560 Hopefully may even be a little higher in real economic productivity, not government-infused from massive government spending.
00:24:15.100 One of the things we have to do is – this is what Doge is about – you have to cut federal spending.
00:24:20.160 You have to cut these deficits.
00:24:22.220 As we sit here today, what I said in the speech last night, if you sit here today and look 400 days into the future, which is nothing – it's essentially what happened from the time this dinner went on last year where Gavin Wax actually talked to the president.
00:24:36.740 I was at the table and said, hey, come to Bronx.
00:24:39.540 Come to South Bronx, and we can get 10, 15, 20,000 people there that are your supporters.
00:24:44.200 And people that are just coming to this movement, new people, right?
00:24:48.020 And Gavin Wax was right.
00:24:49.460 So that went by in a snap.
00:24:51.560 400 days is nothing.
00:24:53.380 It's essentially the first anniversary of President Trump's second term.
00:24:58.540 The face amount of the national debt would be $40 trillion.
00:25:03.160 The interest payments are going to be at $1.2 to $1.5 trillion.
00:25:07.820 Not only is it not sustainable, it's the beginning of a death struggle in the United States.
00:25:13.020 This is the existential threat, as bad as the CCP is, as bad as the issues with artificial intelligence, as bad as the invasion on the southern border.
00:25:21.620 And let me go back a second to the three things that are converging.
00:25:24.320 With the Third World War in Ukraine, in the Middle East, and let's say shortly in the South China Sea,
00:25:32.920 President Trump, President Trump with his command presence, his knowledge, his ability to both bring people together and bang heads,
00:25:41.980 we had peace in the Ukraine before when President Trump was here.
00:25:44.580 We had peace in the Middle East.
00:25:46.260 The Persians backed off when President Trump was here.
00:25:48.460 We had peace with the Chinese Communist Party.
00:25:50.220 President Trump has a plan of getting all three of these.
00:25:53.580 Now, look, it's all going to be gnarly, right?
00:25:56.680 There's a million Ukrainians dead, 700,000 Russians dead.
00:26:00.200 The country's been destroyed.
00:26:02.160 Right now, they all want to surrender.
00:26:03.740 The Europeans are sitting there going, we can't put any more money in.
00:26:05.860 President Trump has a huge task in Ukraine, in that part of the world.
00:26:09.520 But he can do it.
00:26:10.240 In the Middle East, with Syria collapsing, all they want, they want American troops. 0.96
00:26:15.700 They want some sort of American involvement.
00:26:16.900 Just like they're talking about Ukraine, they keep talking about security guarantees.
00:26:20.500 Security guarantee, when you read that in the paper, that is for American troops and American money.
00:26:25.940 And we're not going to give any security.
00:26:27.040 We should not give any security guarantees to Ukraine.
00:26:29.400 That's a European deal.
00:26:30.580 In the Middle East, same thing.
00:26:31.760 Syria, they want American troops, American involvement, all of it.
00:26:34.100 South China Sea, the Chinese are already starting to press in the Straits of Taiwan with much more military activity than they've ever had.
00:26:42.020 But President Trump, those are all definable.
00:26:44.760 And with President Trump giving his track record, cannot just handle that, but we'll get something done.
00:26:49.560 The same with the southern border.
00:26:51.640 Are the mass deportations going to start in the afternoon of the 20th of January?
00:26:55.520 Hey, probably not the mass deportations because you're not there yet, but certainly the mass deportations.
00:26:59.860 The criminals, Tom Homan and Stephen Miller, are working on that.
00:27:03.960 Tom Homan's now the czar of that.
00:27:05.380 Tom Homan met with Eric Adams.
00:27:07.560 I'll play a clip in a second.
00:27:09.240 Eric Adams gave a press conference on Friday, the sanctuary city's mayor, and said, hey, there are 500,000 kids that are supposed to be here in custody in the U.S.
00:27:17.200 We don't even know where they are.
00:27:18.840 He sounded like QAnon.
00:27:19.980 I think we met Q.
00:27:20.920 It's Eric Adams, the mayor of New York.
00:27:23.240 All those, President Trump gets his hand on.
00:27:26.060 The one thing that could spin away from us, that could absolutely spin away, is this massive, massive amount of debt, $40 trillion.
00:27:34.340 Take a short break.
00:27:35.700 I'm flying solo this morning.
00:27:37.260 Give you a wrap of what happened over the weekend and the week ahead.
00:27:40.640 It is all hands on deck on Capitol Hill.
00:27:43.940 Birchgold.com slash Bannon, the end of the dollar empire.
00:27:47.140 We're coming out.
00:27:48.120 I'm signing off today on the sixth free installment.
00:27:51.960 That would be Modern Monetary Theory, the idea that broke the world.
00:27:57.460 Birchgold.com.
00:27:58.280 Also, if you've got your phone, just text in Bannon, B-A-N-N-O-N, at 989898.
00:28:04.420 Get all the free information about your IRA and 401k.
00:28:07.980 Birchgold.com.
00:28:09.300 Nicole Negrady takes us out with Modern Day Holy War.
00:28:13.600 Back in a moment.
00:28:20.040 It's obvious.
00:28:21.380 The unthinkable continues.
00:28:22.980 Most Americans know something is very, very wrong.
00:28:27.320 The people in charge keep telling you that everything's fine and to stop noticing.
00:28:31.360 But you know better.
00:28:32.800 That's why self-reliant folks are investing in emergency food storage. 1.00
00:28:37.660 And you should, too.
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00:29:07.920 Order by 3 p.m. and your items shipped that same day and arrive quickly on your doorstep in unmarked boxes.
00:29:15.120 Go to MyPatriotsSupply.com today.
00:29:17.900 Hope is not a plan.
00:29:20.040 My Patriot Supply is a plan.
00:29:22.140 Time is running out to prepare for what's coming.
00:29:26.540 MyPatriotsSupply.com.
00:29:28.160 Go there today.
00:29:29.200 Action, action, action.
00:29:30.800 Your own mayor, Eric Adams, now agrees with us, doesn't he?
00:29:36.740 Eric Adams came out on Friday and said, hey, after one meeting with Tom Holman, he said,
00:29:42.540 there are 500,000 children here that are supposed to be with their sponsors that are missing.
00:29:48.140 Right?
00:29:49.220 Eric Adams.
00:29:50.760 I think he's actually Q, isn't he? 0.84
00:29:53.040 Is it Eric Adams?
00:29:54.320 Is that?
00:29:54.800 No, sir.
00:29:55.140 Is it Eric Adams QAnon?
00:29:56.740 Poor Mayor Adams.
00:30:02.360 Poor Mayor Adams.
00:30:03.740 As soon as he said it went to Sanctuary City, hey, Southern District came for him, right?
00:30:08.620 The fight starting January 20th is the real fight.
00:30:12.680 It's going to be determined in this city.
00:30:15.080 The bond market is going to determine whether we're successful or not.
00:30:19.940 The global capital markets are going to look at President Trump's plan,
00:30:23.620 and if they turfed out Liz Truss, they just turfed out the French government,
00:30:29.300 they're not going to turn out to turf out Trump, but we need to have his back.
00:30:33.960 And the people that do it are right in this room.
00:30:40.140 Okay, welcome back right there.
00:30:41.860 So, Jim Vanderhay, one other slight edit and correction on your creators and destroyers is that you said the stock market.
00:30:50.320 Stock market is interesting, obviously important for people raising capital,
00:30:55.820 and for the net worth of some of the audience, right?
00:30:58.280 But the important capital market throughout the world is the bond market.
00:31:01.380 The bond market, I don't know, 10, 20 times bigger than stock markets.
00:31:04.860 The bond market is the primary capital market for governments, local governments, businesses.
00:31:11.320 It's bonds, not stocks, and the bond market.
00:31:14.200 This is why Jim Carville, remember Carville back in the 90s said if he died, he wanted to come back as the bond market
00:31:20.220 because Robert Rubin, Bob Rubin, of Goldman Sachs, was first National Economic Council advisor to Clinton in the White House,
00:31:30.400 and then he was the Secretary of Treasury, and kind of knew how to manage an economy.
00:31:35.080 The economy under Clinton, when Newt Gingrich got in there, they had four years of surpluses,
00:31:38.580 given the Republican cuts in Bob Rubin's kind of laying hands on Bill Clinton.
00:31:45.280 It's the bond market.
00:31:46.340 So what do I mean by that?
00:31:47.200 And you saw the games that were being played on Capitol Hill.
00:31:51.760 Here are two big games that are being played, so inside baseball.
00:31:56.240 You have Doge, and you have Russ Vogt, you have the OMB guys,
00:32:01.560 and remember Doge is kind of advisors or consultants to OMB, Office of Management and Budget,
00:32:06.100 and Office of Management and Budget kind of manages programmatically all how the money gets appropriated by Congress
00:32:15.080 and put into a law, the appropriations bill.
00:32:16.920 When that's signed, that's a law.
00:32:18.700 Then how that money actually gets into the government and how it's managed programmatically,
00:32:22.740 because you have tens of thousands of programs from the Department of Labor to the Health and Human Services to the Pentagon
00:32:29.240 that have to be executed on over there and kind of managed,
00:32:33.300 but somebody has to kind of be back at the White House, at the executive branch, at their level,
00:32:37.720 to kind of make sure they're advising the president of how this money actually gets spent
00:32:42.960 and where we are programmatically on actually meeting what the executive branch has told Congress during the appropriations process.
00:32:52.500 This is why a guy named David Stockman, remember David Stockman, Reagan,
00:32:56.360 nobody knew what Office of Management and Budget was,
00:32:58.220 and then Stockman became like the key guy in the first years of the Reagan administration.
00:33:04.500 Russ Vogt was a central member of President Trump's team in delivering from the tax cuts and the things we did in 17.
00:33:12.840 They came to fruition in 18 and really 19.
00:33:17.520 Russ Vogt is kind of the internal manager of that.
00:33:20.480 When you talk about deconstruction in the administrative state or you talk about deregulation
00:33:24.260 or what Vivek and Elon have been talking about on Doge of really taking this thing apart and cutting costs and efficiencies,
00:33:31.900 and they're talking about $2 trillion, I don't know, annually, maybe over some time period.
00:33:37.960 It's Office of Management and Budget will do that.
00:33:40.240 Well, as I said the other day, all of a sudden the NDAA, that's the National Defense Authorization Act,
00:33:45.900 became the biggest thing in Washington, D.C.
00:33:47.560 It had to be done, it had to be done, it had to be done.
00:33:50.480 You could have very simply kicked it into next year.
00:33:52.900 Yeah, we're taking a little technical issue to do, but it would have been quite simple.
00:33:57.100 If you have President Trump get his hands on it.
00:33:58.980 No, the reason they did it is because the National Defense Authorization Act doesn't allocate the money per program.
00:34:05.820 That comes actually in the appropriations process as it's set up in the rules of Congress and kind of laid out by the Constitution.
00:34:15.280 The Constitution, all revenue generation and spending have to originate, really originate from the House of Representatives.
00:34:21.460 That's why the House is built like on the House of Commons.
00:34:24.380 And that's why the House is, I voice it, is where the action is.
00:34:26.920 The Senate is essentially the Human Resources Department, which I mean by that, the confirmation, advice and consent provision of the Constitution,
00:34:35.140 also for doing treaties and big things like that where you need two-thirds of the senators to come together.
00:34:40.680 They replicate a lot of things in the House, but it's really the House that drives the action.
00:34:45.320 The NDAA is $900 billion.
00:34:47.380 That's a top line that's set for this coming year.
00:34:49.800 Remember, the first two months of the fiscal year, that was October and November, always remember the fiscal year for the government goes from 1 October to 30 September.
00:35:00.440 It's not a calendar year.
00:35:01.940 The first two months of this year, the deficit, folks, was $624 billion.
00:35:09.420 That's a record.
00:35:11.080 Right now, we are bleeding cash like nobody's business.
00:35:14.440 And quite frankly, people can't figure out why those are all-time record months because the Biden regime, you think that they're giving you little information on the drones over New Jersey?
00:35:25.460 And think about this drone thing.
00:35:26.600 You're two weeks into it, and they haven't had a press conference.
00:35:28.420 They haven't come forward and had a straight, hey, here's what's going on.
00:35:31.900 Kind of scary over airspace.
00:35:33.800 You know, I don't know if it's Biden administration drones.
00:35:35.980 I don't know if it's CCP drones.
00:35:37.420 I don't know if they're Persian drones.
00:35:38.860 I don't know if it's a bunch of hobbyists putting up, I don't know, eight-foot wingspan drones over New Jersey.
00:35:44.780 It could be any of those.
00:35:46.600 Who knows?
00:35:47.180 It could be the CIA.
00:35:48.120 Now they say, oh, they're searching for nuclear waste or nuclear fumes or radiation coming out of there.
00:35:53.780 Nobody knows because nobody's coming forward and saying, hey, this is over American airspace, right, American airspace, and this is what's happening.
00:36:01.340 If you think you're getting little information from there because every day you've got a sheriff, I'm going to shoot that drone down, right, with his own drone.
00:36:08.160 It's going to be drone wars over New Jersey.
00:36:10.780 If you think you're getting little information about that, we're getting almost no information about the federal budget, and this is existential.
00:36:19.480 The invasion of our country, because President Trump is going to stop it, build a wall and secure the wall and work with Mexico to stop it in Central American countries, the issue there is how you deport people. 0.84
00:36:31.260 And there's a study out today, oh, if you deport these people, it's going to lead to a Great Depression.
00:36:34.720 You're going to see so much fear-mongering that.
00:36:36.220 But that is a definable issue.
00:36:39.500 And you have people like Tom Holman and Stephen Miller and others up there.
00:36:42.860 These people are hammers, and they're very smart, and they have huge teams they're putting together right now to make sure you do it and do it in an efficient way.
00:36:48.600 The Third World War, the kinetic part of it, because we're in it, folks.
00:36:53.340 From the time, and you guys have been with us, some have just been with us for a couple of years.
00:36:56.900 Remember, on Ukraine, I said exactly what was going to happen in Ukraine.
00:37:00.620 Not one thing did I get wrong.
00:37:03.540 It wasn't me.
00:37:04.400 It was dozens of people around us.
00:37:06.720 And Professor Mersheimer, you could kind of see if you understood history what was going to happen.
00:37:11.060 But once again, President Trump gets in the room.
00:37:14.240 He'll make a deal.
00:37:14.940 President Trump will do something in the Middle East to make sure we do a stand down there, I hope, without having to bomb the Persians, because then he can get in the room, but it's going to be a little tougher, right? 0.96
00:37:26.880 Those are definable issues that you can have some sort of at least control over.
00:37:34.680 Right now, because of the law of large numbers, this debt situation is spinning out of control.
00:37:41.600 400 days from today.
00:37:44.940 And take your phone out, take your computer, just go to the U.S. National Debt Clock.
00:37:49.100 There's a couple of alternatives on the debt clock.
00:37:51.440 I think OMB's got one.
00:37:54.040 Congressional Budgets, I have one.
00:37:55.240 I think they've got a couple of private services, too.
00:37:57.380 So they give you two or three alternatives.
00:37:59.340 The debt clock itself, the people who put that got theirs.
00:38:01.560 But if you go to one of the pages, they've got two or three alternatives.
00:38:05.720 Essentially, all the alternatives are kind of the same.
00:38:09.780 That by the first anniversary of President Trump, so January 20th of 2026, 400 days from here.
00:38:16.780 In 400 days, bang, it goes by like that.
00:38:20.380 $40 trillion.
00:38:23.920 $40 trillion.
00:38:27.060 With, I don't know, $1.5 trillion, $1.4 trillion, $1.2 trillion going out in interest expense.
00:38:36.880 It shows you the BRICS nations.
00:38:38.360 What I fear we're going into is a collapse of the global monetary system.
00:38:45.720 Now, Rachel Maddow, once again, and this is how, this is why your numbers have dropped so, you know, 43%.
00:38:51.420 This is why, Morning Joe, you've dropped so much.
00:38:54.680 You look people in the eye.
00:38:55.980 With all the information you had, you look people in the eye.
00:38:59.000 And you lie to your audience.
00:39:00.900 And that's why, quite frankly, some are disgusted with you.
00:39:03.180 Some are hate you and never come back.
00:39:06.160 We actually try to give every piece of information to this audience so it can be actionable.
00:39:11.340 Actionable in their own personal life, actionable in their family's life, actionable in their community life,
00:39:17.040 and certainly actionable in the life of their country of where they've dedicated themselves to help turn around.
00:39:23.520 At $40 trillion, adding $1 trillion every 100 days, and since I made that statement, I think a year and a half ago,
00:39:32.720 it's $1 trillion roughly every 100 days.
00:39:37.020 It's out of control.
00:39:39.420 And you sit there and go, well, hang on, Steve.
00:39:41.000 Hang on.
00:39:41.920 Hang on.
00:39:43.540 The cavalry's showing up.
00:39:44.980 The cavalry's here.
00:39:45.760 I got Vivek, and I got Elon.
00:39:48.040 And certainly those are very smart guys, obviously, and very dedicated guys.
00:39:54.700 I mean, they've put a lot of time in onto the campaign, and I'm really impressed with Elon,
00:39:59.040 and he and I disagree about so much in life.
00:40:02.740 But he put not just money where his mouth is.
00:40:05.600 He put the money where it was most important, where it had the most leverage,
00:40:08.640 and was able with you, the volunteers, and the Scott Presslers of the world to drive us to victory.
00:40:16.020 Capitol Hill, in the way the system, the established order, forget Republican, Democrat.
00:40:24.060 That's old nomenclature.
00:40:25.160 It's not relevant.
00:40:26.740 On Capitol Hill, that's just the political class. 0.99
00:40:30.420 They're the flunkies.
00:40:31.260 They're the Mitt Romneys.
00:40:32.920 It's kind of bozo land, right? 1.00
00:40:36.120 They're not particularly bright.
00:40:37.520 I mean, look what Mitt Romney told Jake Tapper.
00:40:40.040 It's all puffed up.
00:40:41.160 You know, it's very, you know, now it's a party of working-class people that Donald Trump is.
00:40:45.860 President Trump's been working on this project for 10 years.
00:40:49.620 10 years.
00:40:50.340 He came down, and he came down the escalator in June of 2015.
00:40:53.780 He had been at it for about two years before then.
00:40:56.500 Donald Trump just didn't wake up one morning and go,
00:40:58.600 Hey, Melania, join me today. 0.98
00:41:00.720 I'm going to go down an escalator, and I'm going to announce for president.
00:41:02.840 President Trump had been around to CPAC, to these cattle calls that Dave Bossie set up.
00:41:08.300 He had been working this for about a year and a half, two years.
00:41:11.320 So President Trump's been doing this for 10 years.
00:41:14.400 A guy like Donald Trump, when he puts his mind to something, stuff happens.
00:41:18.580 And Mitt Romney's sitting there totally, well, you know, it's now a working-class party.
00:41:22.860 No, dude.
00:41:24.380 President Trump's been doing this for a decade, including when you ran for president and clown.
00:41:29.800 Mitt, here's the thing.
00:41:32.660 And I realize you're giving your exit interviews.
00:41:34.340 You want to be all puffed up, and, you know, you're a man, a great man of state affairs.
00:41:40.380 And you want to be all, you know, think great thoughts and knit brow.
00:41:43.740 Just put a red clown nose on next time. 1.00
00:41:46.080 Just put a red clown nose on. 0.99
00:41:47.880 It goes with the act.
00:41:49.940 It goes with the act.
00:41:51.220 Up there, they're the problem.
00:41:53.960 The problem is the people that should know better either are too dumb to realize the existential threat of this debt and this spending, or they know it and they're part of the problem.
00:42:09.300 The NDAA last week, they all had to do, and only 16 House Republicans voted against it.
00:42:15.160 They all had, the NDAA had to get done, had to get done.
00:42:17.440 That is to block Elon Musk and Vivek Ramaswamy.
00:42:22.240 Now, everything comes off that $900 billion.
00:42:24.560 And I would respectfully submit, as someone who considers himself a hawk and dedicated, I don't know, seven and a half or eight years of my young life in defense of this country.
00:42:35.700 And my daughter has committed a big part of her life, I think.
00:42:38.700 I want to warn you of a huge change that could be coming to our money in our bank accounts.
00:42:43.620 First, think back to 9-11, shortly after the government pushed through the Patriot Act.
00:42:48.480 This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet.
00:42:56.820 Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author,
00:43:03.900 is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.
00:43:09.660 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.
00:43:17.580 If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA,
00:43:24.480 the government may be able to shut us out of our bank accounts.
00:43:28.460 I can't say for sure if this will happen, but it's an interesting and dire warning.
00:43:33.880 Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming
00:43:40.720 and how to protect yourself from the possibility of programmable money.
00:43:46.520 Watch Jim's warning video now before it's censored like I've been in the past.
00:43:52.080 Go to RickardsWarRoom.com.
00:43:54.100 That's RickardsWarRoom.com now to see the video.
00:43:58.300 Here's your host, Stephen K. Vance.
00:44:00.720 So if you go back, if you, I'll wait for my cue next time.
00:44:09.240 If you go back, if you go back, remember, I don't know, it must have been a year ago, year and a half ago.
00:44:15.700 At my advanced stage, all kinds of blends together, right, folks?
00:44:18.420 If you go back to, remember Liz Truss?
00:44:20.000 She was, she had Winston Churchill's job, I think for 90 days, three or four months.
00:44:26.000 She put together a kind of a rejuvenation plan for the British economy. 0.99
00:44:30.740 And what she went back and did, she kind of went back to kind of Reagan-type, you know, pure supply side, big tax cuts, deregulation.
00:44:39.280 She presented this with no numbers, no math.
00:44:42.540 And said, this is what I'm going to do.
00:44:44.540 And the bond market over in England, and England's economy is about $2 trillion.
00:44:50.400 I think they have debt of about $2 trillion, which is scary, because the debt, when debt gets to the level of your overall GDP, that's called the line of no return.
00:44:59.860 Basically, no economy in world history has ever recovered for that.
00:45:05.700 And you might add, well, Steve, where are we?
00:45:08.980 We're at about, I don't know, 120%, depending on how you calculate.
00:45:11.900 You see all this phony number as well.
00:45:13.420 Public debt versus non-public, no.
00:45:15.400 Debt's debt.
00:45:16.840 So we're at about, I don't know, 115%, 120%.
00:45:18.700 But this time, it's totally different.
00:45:22.300 This time, it's totally different.
00:45:24.280 So Liz Truss, she and her brilliant minister of finance, our chancellor of the exchequer, as they say in the city of London, wouldn't put forward any numbers.
00:45:34.520 Wouldn't show people, well, how does this work, man?
00:45:36.560 You're doing all these cuts down front, but you've got these budget deficits, and we're not a huge country, and we're not the prime reserve currency, so people don't have to take the pound.
00:45:44.600 What's happening?
00:45:45.160 The bond market threw up all over her plan, and what's called bond vigilante started selling bonds, shorting bonds, not buying bonds. 0.99
00:45:55.540 Liz Truss was gone, the shortest premiership in the history of the United Kingdom.
00:46:05.020 Hey, and they've had some times of chopping heads off and fighting.
00:46:08.520 They've had some pretty short runs.
00:46:10.820 Who took her out? 0.99
00:46:11.880 As Nigel Farage told me, he says, Steve, the bond market has taken out more governments than howitzers.
00:46:19.000 You see this all the time for developing nations, right? 0.99
00:46:21.320 And England right now is kind of, their economy is kind of outside the city, outside of London proper, is kind of a third-world country in many regards.
00:46:31.220 This is President Trump.
00:46:32.480 What President Trump and Scott Bess and that team are going to have to show, because it's the bond.
00:46:37.960 We finance this through bond markets, and what we don't finance, we print ourselves.
00:46:42.700 You're going to have to make a case that your cuts have growth.
00:46:47.760 So number one, this is with the energy, you know, the 333, 3% interest rates, I think, 3% deficits, deficits to GDP, and 3 million barrels a day.
00:47:02.040 So you get your energy set, and then you build upon that.
00:47:06.600 When Scott Bess and talks about 3%, we're at about, I don't know, 6.5% now, something north of 6%, like 7%.
00:47:13.040 The government of France, for the first time since 1962, got turfed out about 10 days ago, right before President Trump went over to Notre Dame, where he walked in like Charlemagne.
00:47:23.740 Remember that?
00:47:24.200 Now, that Friday, the government of France, the parliamentary government, had fallen for the first time since 1962.
00:47:30.180 Why?
00:47:31.060 They had 6% also of budget deficit to GDP, which is not sustainable.
00:47:35.940 So to get down to their 3%, which is marginally sustainable, they had to have cuts.
00:47:43.180 And where did the government's first proposed cuts come from?
00:47:46.640 Well, if you said the French working class and middle class, you would be correct. 1.00
00:47:49.960 They said, we're going to cut here, we're going to cut medical, we're going to cut the health care, boom, boom, boom, boom, boom, we're going to cut here.
00:47:55.960 And Marine Le Pen and Front National, our National Assembly, kind of came out and said, no, no, no, no, no, no, no, no.
00:48:01.360 We have an alternative, and what you're going to do is stop sending money to Brussels, we're going to forget this quasi-French empire we got, no more money to the Middle East, no more money to Sub-Saharan Africa, no more money to North Africa.
00:48:12.520 We've had it, money for the French. 0.90
00:48:15.320 And the government fell on their idea of what they were going to do.
00:48:20.940 On Friday, the global rating agencies downgraded France.
00:48:25.360 And what does that mean?
00:48:26.220 That's kind of a fancy thing for means they're going to have to pay more.
00:48:28.960 They're saying their bonds are riskier.
00:48:30.960 They're going to have to pay more.
00:48:32.700 And that adds to the interest charge.
00:48:34.520 So every time they have a deficit, a dollar deficit, it's going to cost them more to finance that.
00:48:40.080 That's what President Trump has looked at.
00:48:41.700 You have three things.
00:48:42.340 Number one, grow the economy with this plan.
00:48:44.400 And President Trump showed us he could grow it in 18 and 19, which was fantastic.
00:48:48.400 Remember, back then with taking a trillion dollars off the balance sheet of the Federal Reserve to put a big headwind in for liquidity, President Trump, I think, had 3.5% growth.
00:48:57.820 It was extraordinary.
00:48:59.400 Extraordinary.
00:48:59.800 All those great things happening with blue-collar workers on wage increases, no debt.
00:49:05.200 And this is why, quite frankly, when blacks and Hispanics and working-class whites look back and go, hey, I've heard all the happy talk of Biden.
00:49:11.200 I've heard the politics of joy.
00:49:12.800 Hey, guess what?
00:49:13.460 Christmas in 19 was where I want to be.
00:49:15.920 My family is better off.
00:49:17.020 My community is better off.
00:49:18.160 I was better off.
00:49:19.060 Just give me that.
00:49:20.440 I'm a simple person.
00:49:21.620 Just give me 19.
00:49:22.520 Let's recreate 19.
00:49:24.960 But we're not the country.
00:49:28.940 We don't have the balance sheet we had in 19.
00:49:30.680 Why?
00:49:31.080 I don't know.
00:49:31.880 Joe Biden and a bunch of people like Mitt Romney and Mitch McConnell allowed $11 trillion, $9 trillion, $10, $11 trillion onto the balance sheet of the United States of America.
00:49:47.840 And where did the money go?
00:49:50.480 I got the sources of proceeds.
00:49:52.520 It's the American taxpayer.
00:49:55.240 Where are the uses of proceeds?
00:49:56.900 Do you see a country, folks, you look around?
00:50:00.500 Where did the $40 trillion go?
00:50:02.300 Where did it go?
00:50:03.700 Is it in your community?
00:50:06.320 Is it in your community?
00:50:07.860 Is it in your pocket?
00:50:09.160 Is it in your neighborhood?
00:50:10.400 Just ask the question.
00:50:11.540 Look around.
00:50:13.540 Inner city Baltimore.
00:50:16.260 The boroughs of New York City.
00:50:20.620 Chicago.
00:50:21.440 St. Louis.
00:50:22.060 The hinterland.
00:50:24.020 I don't care.
00:50:24.920 Pick it.
00:50:25.420 Tell me in the country where you see the $40 trillion.
00:50:28.460 Look around.
00:50:28.960 Where is it?
00:50:31.100 I'll tell you where it is.
00:50:33.340 It's in the stock.
00:50:34.140 It's in valuation and cash and the stock market of the oligarchs that run this country. 0.88
00:50:39.600 Let's be blunt.
00:50:41.120 The massive federal spending juiced the stock market.
00:50:44.780 And they creamed off the winnings.
00:50:47.900 It's as obvious as anything.
00:50:51.320 And this is why they don't want to admit it.
00:50:53.740 This revolution is going to come from the street.
00:50:55.560 Ours is a peaceful revolution driven by populist nationalist voters.
00:51:02.240 If you want the alternative, folks, look at what the left did.
00:51:06.360 They gunned a man down in cold blood and shot him in the back, just like Robert Ford shot Wild Bill Hickok, one of the greatest, worst events in American West.
00:51:16.140 A coward walked in and shot a man point blank range in the back.
00:51:20.320 That's what happened in midtown Manhattan, the streets of New York.
00:51:24.500 So you've got a choice.
00:51:26.780 Populist nationalist revolution, peaceful, but pretty dramatic.
00:51:31.880 Or you've got the French Revolution.
00:51:36.160 Donors, wealthy billionaires, you pick them.
00:51:39.520 Because that's your choices.
00:51:41.580 Short commercial break.
00:51:43.140 We're going to start the second hour of the War Room.
00:51:45.300 We're going to take you out with St. John the Evangelist when the man comes around from the Book of Revelations.
00:51:51.400 It's hard for thee to kick against the bricks.
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