Bannon on the attack on the elite institutions and the media, and how they are to blame for the current financial crisis, and why it will only get worse. Trump is right on target with his attacks on Wall Street and the elite universities, and they are going to fold.
00:01:39.000We've been teaching this for four years that this was going to happen, that this was going to happen.
00:01:45.000And we said in the first frickin' month of the Biden administration, when they put up that second bailout, when we didn't need it, what President Trump had done in the summer of 2020 was more than enough.
00:01:57.000Remember that whole thing about the drop in aggregate demand because of the pandemic?
00:02:01.000The pandemic and you had the you had the bridge aggregate demand drop.
00:03:36.000That's the that's the anti-fragile speech of the universe.
00:03:40.000And but in a month in a month from now, we're going to have the Lexington and Concord 250th anniversary of the shot heard around the world of a handful of just two ornery boot leather tough.
00:03:56.000We're not going to kowtow to a British Empire made up of monopolistic companies like the British East India Company, which is exactly that's the Silicon Valley that time.
00:04:06.000Another group of oligarchs funded by a bunch of worthless aristocrats landed aristocracy in England that had already corrupted and taken charge of.
00:04:22.000I'm honored to bring in the tip of the tip of the spear because they're absolutely freaked out about the global media apparatus of the United States government that does not push pro-American, does not push American values, does not push the shot heard around the world, but is anti-American and goes out of its way.
00:04:43.000And by the way, I've said infiltrated by influence agents of influence of many hostile powers, including the Chinese Communist Party.
00:05:05.000It's it's the usual cast of characters as well.
00:05:08.000I mean, the same fake news reporters writing a bunch of lies and, you know, harassing me in the fake news, which I don't care.
00:05:17.000And it's the same attorneys that are funded by Soros, the same casting character that went after President Trump that actually went after me with lawfare before this election are added again.
00:05:31.000They know that their survival depends on trying to stop President Trump and his efforts to scale back the government, scale back the bureaucracy.
00:05:40.000Some people might even call it tyranny to scale back the tyranny that has been forced on us over the course of many decades and has only grown and grown and grown.
00:06:12.000He is the chief executive of the executive branch.
00:06:16.000And we need to remind these lawfare lawyers they are not the executive of the and these judges that he is.
00:06:22.000These judges that have been ruling against President Trump, who thinks he's all of a sudden the president of the United States.
00:06:28.000You know, these judges need to be put on check right now because they've completely usurped their powers.
00:06:34.000So one of the hits, let me take the content first and I'll then come back to the to the judicial and his powers as president and yours as an advisor in the executive branch.
00:06:47.000So they're saying, hey, this great message of pro America and American exceptionalism, American meritocracy in Main Street America, in the in the in the soul of America and the grit and determination.
00:07:01.000That message, which was broadcast 24 hours a day, seven days a week, all over the world, including into communist China to the La Bajing that Carrie Lake, mean old Carrie Lake pulled the plug on that.
00:07:12.000So no longer are they fed an appetite of American exceptionalism in the power of America.
00:07:19.000Well, I would I would argue with them that it hasn't been always pro American.
00:07:23.000You know, we we had we've put forth this voice of America and Radio Free Europe and Radio Free Asia and all of these various different grantees.
00:07:32.000And and the the focus was supposed to be talking and telling the American the American story, the American story.
00:08:08.000And, you know, I recently tuned in and saw a graphic on Voice of America that showed President Trump with a swastika over his face.
00:08:16.000That's not what our taxpayer funded media should be putting out.
00:08:21.000I would want that, by the way, I wouldn't want that with any president, Democrat or Republican.
00:08:25.000We should be somewhere in alignment with what our policy, our policy, our diplomatic policy is not not antithesis to our diplomatic policy.
00:08:36.000And so but this isn't really only about the the editorial content.
00:08:41.000This is about getting our government, you mentioned it, getting our government back in line to where we're not spending like drunken sailors.
00:09:50.000Yeah, you go you go and you look at what is required by law.
00:09:53.000A lot of these agencies have been are written into law.
00:09:56.000And so the president can't just get rid of them.
00:09:59.000He has to bring them to a point where they're just down to whatever the law requires, but not above that.
00:10:04.000And so we are with a team of lawyers looking at what is the statutory minimum required by law for Voice of America, for the the various grantees for Office of Cuba Broadcasting.
00:10:20.000What are our required duties in this organization that keeps us within the law, but is not exceeding the law?
00:10:28.000You know, I think about all these agencies, they start off, they start off relatively small, relatively maybe inexpensive, relatively speaking.
00:10:49.000Nobody ever scales back or puts the the United States government on a diet and we're putting it on a diet right now.
00:10:56.000And then we have the various grantees.
00:10:59.000You should read when you see think of grantees similar to the NGOs.
00:11:03.000They're doing business outside of the agency.
00:11:06.000Money is funneled through the agency and at the U.S. Agency for Global Media.
00:11:12.000Roughly half of our entire budget goes to about five grantees.
00:11:17.000And once they go to a grantee, we don't have the transparency.
00:11:21.000We don't know exactly what they're doing with that money.
00:11:24.000That money is then funneled into the various grants and it's going to various different, you know, things that they're doing that we don't know about.
00:11:33.000And so we just want to have more transparency.
00:11:35.000They're trying to give us less transparency and they're suing us right now to stop us from from cutting off the spigot to them.
00:11:48.000Because they're trying to get you to go to full stop right now and actually not not have the presence prerogative of both personnel and money.
00:12:37.000We are moving forward with what the president has asked us to do, which is to boil this agency down to the minimum, the statutory bare minimum.
00:17:56.000The reason Biden, and this is what Scott Besson said yesterday, I bring in now Ed Dowd, is we've been on a Keynesian, we're Keynes junkies.
00:19:38.000So all these deals you're seeing announced, they'll take time to get ground broken and permitting.
00:19:43.000And that's not gonna be a quick fix, fixed solution.
00:19:46.000But when you have an economy that was revved up on pure deficit spending, illegal alien invasion, and you stop it, it's gonna have a short-term valley.
00:19:56.000And we're gonna start to see that valley soon.
00:20:01.000We're predicting housing, home prices will come down.
00:20:05.000And we're not calling for it to go systemic, but this will be a good thing for the middle class.
00:20:10.000If we wanna post up our second chart, we can show that housing, what you're seeing here is a graph of the annual housing stock change in the US.
00:21:55.000Well, let's just think about this for a second.
00:21:58.000So what people need to understand is your tax dollars were used to fund this illegal operation.
00:22:03.000It was fraud on the American people, washed through the NGO system.
00:22:07.000So a Central American doesn't wake up one day and say, hey, I'm gonna march to the Darien Gap, get through the Darien Gap.
00:22:15.000And then I'm gonna go to the border, and then I'm gonna get into the interior of the U.S. without massive amounts of logistical support and spending.
00:22:22.000So, you know, back to the envelope of math, it's easy to think the all-in economic cost of getting someone from Central America via NGO spending, 50,000 to 100,000 per individual.
00:22:35.000So you could easily say 10 to 15 million, so 50, 500 billion to one and a half trillion was spent purposefully by the U.S. government through the NGO system to get people in here.
00:22:46.000And that represents the NGO, what the NGOs got, what those people were paid, what the illegal aliens got, the benefits they got, the housing accommodations, the shelter.
00:22:59.000So this is one of the biggest fraudulent things we've ever seen.
00:23:02.000It was a purposeful, illegal operation, washed through the NGOs.
00:23:10.000What are your first signs that, or what are your signs in this administration that lead you to believe that whatever happens, whether it's just no growth, whether it's a slight recession, whether it's a,
00:23:24.000whether it's we chug along at stagflation for a while, what are the indicators you're looking at to show that we're on a glide slope to get back to real growth?
00:23:33.000Kind of the 2019 three and a half percent growth, low interest rates, low inflation.
00:23:37.000What is Ed Dowd looking for that would say, hey, I can see some green shoots.
00:23:42.000So I can see, I can see it's going to be better at the end of 25, 26 and 27, sir.
00:23:47.000Well, let's start with what we're seeing already.
00:23:50.000The 10 year treasury yield peaked on January 11th, and it's already down 50 basis points.
00:23:57.000The market is sniffing out that the Trump administration is going to get a handle on discretionary spending.
00:24:24.000So the Financial Times of London, the Wall Street Journal, New York Times all over the weekend saying this, the whole thing about American exceptionalism, the rethinking through the dollar, do people want the dollar?
00:24:36.000It's all because the institutions, the IMF, the World Bank, trade deals that we've had, the trade deals were upside down on each one, NATO, these alliances, that that's the cause of people questioning.
00:24:49.000And they never mentioned the drop in purchasing power of the dollar, not once, not once that any of these people mentioned the 22% drop under Biden of the purchasing power of the dollar.
00:25:08.000Well, you know, you noticed it was said on that spot you put with the clown from CNBC that they're leaving the dollar.
00:25:19.000Well, what people need to understand is there was a massive crowding by European institutions into the U.S. stock market because we were the only country that had somewhat of a GDP growth going on the last two years, which was, as we're finding out, not sustainable.
00:25:37.000Not sustainable and highly fraudulent.
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00:30:20.000But, and I'm quoting the great Jake Sherman over at Punchbowl, tweeting out right now, Jim Jordan on Fox News just said that a hearing on Judge James Boesburg will begin next week.
00:30:33.000You start an impeachment with a hearing.
00:30:51.000Daryl Issa, the Issa bill on, on these judges.
00:30:58.000They're trying to come up with the judicial, legislative solution.
00:31:01.000Hell, I would do what Jefferson and these guys did in 1801.
00:31:05.000Remember in 1801, they thought the, and Jefferson was kind of the, the populist group, the Yeoman farmers versus Hamilton and quite frankly, even General Washington were more of the concentration of power in institutions in Philadelphia and New York City.
00:31:24.000And the judiciary hadn't really been formally done.
00:31:27.000They thought they had too many federalist judges, too many judges that were, you know, backing Adams, backing, backing Hamilton, backing Washington.
00:31:38.000And particularly, remember the Aliens Enemies Act was 1798.
00:36:01.000Observation number one, we have a $900 billion defense budget.
00:36:05.000They're already in the media today and roll call on the Hill saying we got to get a hundred, the supplement, the reconciliation bill has to have $125, $150, maybe $175 billion over and above that for defense.
00:36:20.000On top of the $175 for mass deportations.
00:37:45.000That's why I keep harping on this 1.75% growth that the Fed had.
00:37:51.000Ed Dowd's telling you right there that, hey, when you back out government spending, I think he's saying you got, you're going to have more negative growth in real economy.
00:39:52.000It's got to be reincorporated in that.
00:39:54.000And you have to continue this onslaught to the elite institutions daily to get their minds right and to get back and to make – there's a connection to the American people.
00:40:03.000And what makes the United States of America healthy?
00:40:07.000What makes the United States of America strong?
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00:47:13.000There's a hundred and some of these suits more coming every day.
00:47:16.000This is one of the aspects is this line of attack, their law firms and judicial activists and this judicial insurrection versus President Trump to try to to delay is to deny to delay is to deny.
00:49:36.000Letitia James is so dangerous because essentially every transaction in the country goes through some server on a computer in New York City.
00:49:44.000And they did a road to I was thinking they did a road show and they were in Minneapolis last week and Keith Ellison's all puffed up and he did a big MSNBC hit afterwards.
00:49:55.000They said the way we're going to shut down the MAGA movement, the way we're going to shut down President Trump is a state attorney generals.
00:50:02.000I don't think we've given that enough focus on the show.
00:50:04.000And I'm telling folks because you have states like Michigan that has a radical attorney general, Minnesota, radical attorney general, Wisconsin, radical attorney general, Arizona, radical attorney general, New York, radical attorney general, California, radical attorney general.
00:50:20.000These state, I'm telling you, they're going to start beyond gumming up the works at the federal level.
00:50:31.000And Steve, that you're not even mentioning the secretary of states.
00:50:34.000I would only have two even that I would even want to be around.
00:50:38.000And but these attorney generals like like the one in Minnesota, where do you attack a Christian company like Lindell Recovery Network with all of this?
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