00:04:57.400So two of the major contributors here at the War Room, Dr. Peter Navar, our longstanding
00:05:01.620co-host, economic advisor, general financial guru with that PhD from Harvard, and Jim Rickards
00:05:09.680both say the same thing. So just give me a minute capsule because CNBC, Bloomberg, every expert
00:05:16.880they've got on there, oh, they ought to be raising rates, are setting the predicate to raise rates
00:05:22.320next meeting. You and Rickards are adamantly opposed to that. Why?
00:05:27.280so you have core inflation and then you have overall inflation overall inflation includes
00:05:36.220energy and agriculture right so if you strip out energy in this case core is behaving reasonably
00:05:44.820well okay so that's number one you look at the core not the energy price shack itself number two
00:05:52.100The whole logic of Fed rate hikes when you have traditional inflation, Steve, is a scenario of demand pull, too much money, chasing too few goods.
00:06:03.840The economy's roaring, growth's going on.
00:06:07.480And what you want to do is tap on the Fed brakes to bring it back down to where you want it to be in terms of both inflation and growth.
00:06:16.020But when you have these rare stagflationary pulses, the energy price shocks and agricultural price shock, what you get is you get the inflation, but you don't get the growth.
00:08:53.400What can this audience look for today to set the predicate for the mart and not have the business media kind of, we can disintermediate it?
00:09:02.680What would you recommend we look for as signs that Kevin Warsh is actually in charge?
00:09:11.740Well, here's the ideal scenario tomorrow when we get the dot plots from each of the board members.
00:09:20.100And then when Kevin Warsh gets on stage and on TV to speak, there will be no talk of rate hikes.
00:09:29.500There will be an acknowledgment that even though we have an energy price shock going on, that the core is relatively well behaved right now.
00:09:43.120And there should be some talk about rate cuts because we are still 50 to 75 basis points, maybe 100, too high relative to where everything else is in the world.
00:09:57.680And we, as a country, are best positioned to absorb this energy price shock because
00:10:04.220we are energy independent from the world.
00:10:07.660We do not require a single barrel of oil from the Strait of Hormuz for our own direct economy.
00:10:15.560And the other thing I should say, Steve, this was really interesting, what you said about
00:10:20.100the first term and the inability of both the Fed at the time, Powell, and the financial
00:10:26.560press to understand how Trumpnomics could advance high growth in a low inflation environment.
00:10:36.080And Powell didn't understand that and raised rates at the time and choked off some growth
00:13:17.180You're always there to say, let me take this.
00:13:19.940And so like president whipping votes in certain states for like redistricting or all this stuff.
00:13:25.000He's there on the world stage today at the G7. You know, it's hard, how hard it is.
00:13:29.540Then he goes to NATO. He's trying to wrap this war up and negotiate.
00:13:33.020And Peter, I think from the entire audience, our appreciation for how you are a guy that that every day comes to work and not just, hey, for my country.
00:13:42.000But what can I do for the president to take the burden off? And I think it's it speaks a lot about your character, sir.
00:13:48.660as we know you're a fighter sir admiral you were doing the lord's work uh getting truth out
00:13:57.200to power and um november you see it i see it take care appreciate your words signal that noise
00:14:06.240thank you dr peter navarro we're gonna take a short commercial break uh sam fenn's gonna come
00:25:15.920I know that, but just let's go back to the appropriations process.
00:25:19.180President Trump says in the first days of office, let's go back to days of thunder.
00:25:23.220And he goes, hey, look, this stuff, I'm reelected here against all odds.
00:25:29.240And one of the reasons is basic common sense, particularly in the Hispanic and African-American working class community, does not want their children put up with this, doesn't like this woke stuff.
00:31:17.420Well, look, Steve, I got to talk to Schweppe about the appropriations process.
00:31:21.900He's the legislative guy here and Paul DuPont on our team.
00:31:25.380But, Steve, what we've been heavily focused on the past few weeks is cutting this off at the source, right?
00:31:31.820And what the source is, we learned through our fights in the states over age verification, which we're up to 27 states now, Steve.
00:31:39.740And to put this in perspective, these laws are sailing through with literally no issue.
00:31:44.360I think, Steve, if I was to place a bet on how many legislators in those 27 states have voted against age verification, it's less than two dozen.
00:31:52.760They're passing with super-duper majorities.
00:31:56.060But we ran into a snag when we went to Minneapolis, when we went to Minnesota.
00:32:00.060A legislator there who's transgender, Lee Finke, you can look him up.
00:32:04.440He's actually done a hit piece on me years ago in the USA Today for all my appearances on War Room.
00:32:09.720But Lee Finke, he was talking about the age verification law that was being considered in Minnesota.
00:32:16.760And he said, we can't do this law because what we believe is that pornography and these porn sites are actually critical to LGBTQ sex education.
00:32:29.420And the only thing to extrapolate from this is that porn creates confusion and it creates children who are gender confused, who end up growing up to become transgender.
00:32:39.960The average age of first exposure to pornography in the United States, Steve, is 12 years old.
00:34:33.540Because I know so many parents out there that are in tech or in finance and quite well, and they won't let the kids touch a phone until they get to be 16.
00:34:42.200Because even with all the great verifications, there's always some sort of potential workaround.
00:34:48.380And these companies are maniacally focused on getting to the kids.
00:35:14.020And I actually get to control who gets to contact them.
00:35:16.600If they're not approved by me in their address book, they don't get contacted.
00:35:20.180They're not allowed to contact other people outside of that.
00:35:22.020it allows us to communicate. But there are ways to do this right, and there are ways to do it
00:35:25.960wrong. And the worst possible thing you can do as a parent, Steve, is to give your 12, 11, 10-year-old,
00:35:31.740or even older up until 18, I would say, an unlimited, unrestricted smartphone device.
00:35:36.980Because these are just, they're just porn theaters that you don't even know about,
00:35:40.720that you have to go digging. And your kids, by the way, Steve, your kids are always going to be
00:35:44.240more technologically advanced than you are. It's just the nature of the beast. So we've got to
00:35:47.980protect our kids. We've got to get age verification done federally and nationally. Steve,
00:35:52.020we've already proved that this works in Democrat states and Republican states. 27 of them have
00:35:57.180passed. The first state in the country to pass it was signed into law by a Democrat, John Bel
00:36:02.040Edwards in Louisiana. It passed with a super majority here in Virginia. Virginia has age
00:36:07.200verification. Why not the rest of the country? We have to stop this stuff at the source,
00:36:12.020and the source is online pornographic exposure for minors.
00:36:15.100in the run-up to this brutal midterm are the cultural issues gonna start to play a bigger
00:36:24.040and bigger role because i'm of the belief that the cultural issues are just as important as the
00:36:28.460economic and the geopolitical in this are they going to take center stage here sir
00:36:33.960i have zero doubt that the culture war is going to be a major part of the republican messaging
00:36:40.140In fact, Steve, I think that we finally crossed the threshold with so many legislators, especially led by President Trump, that they're understanding now that Republicans and conservatives win elections because of the culture war, not in spite of the culture war.
00:36:55.120The Democrats have lost their minds, Steve.
00:36:57.060They're pushing sex rejection procedures on children.
00:37:00.600They're paying for prisoners to get them.
00:37:02.740These are easy layups to attack your opponents to make them, not make them look, but to expose them as crazy and radical and extreme.
00:37:10.760We don't want these people next to the United States checkbook because they don't know how to spend money.
00:37:15.440If you're paying for other people's sex change procedures, you shouldn't be in Congress.
00:37:18.760You shouldn't be divvying up how my money's spent or any of our money's spent, or even your own money probably.
00:37:24.120But I think these culture—see, I'm just worried that we're going to try and do the whole culture war gamut and we're not going to have enough on the economy.
00:37:31.140I could see a whole replay of 2006 where Republicans have an unpopular war, where they have a bad economy, high prices of gas, and then they try to run to protecting marriage and they try to run to the culture war.
00:38:37.620Let's go to Vegas. Matt, the coalition, the conferences on fraud and particularly voter fraud.
00:38:45.160Rachel Maddow came hard today. In fact, it's so hard I'm going to put it as part of my speech tonight about your bunch of vigilantes and what you're trying to do is intimidate people
00:38:53.740and that this election is going to come down to these vigilantes
00:38:56.380like the coalition, and what's going to happen is
00:38:59.620President Trump's going to send in troops to put all this down
00:39:03.360and secure it and secure the vote, and he's going to secure the vote
00:39:06.300that the MAGA movement is dead set on stealing this election.
00:39:11.280Tell me, you had a premiere of a film, let's say a screen,
00:39:13.800the first screen, not really a premiere, of this incredible film,
00:39:16.920Dark Horse, about Jim Caviezel playing Bolsonaro
00:39:20.000in an English-language film, I understand, Blue People Way.
00:39:22.880had Tina Peters in the surprise, but the next couple of days really gets down to these midterm
00:39:28.480elections. And you've got a thousand people at the Ahern hotel. Tell me what the driving force
00:39:33.600in back of this is and how important is it for the coalition members to come together
00:39:38.140to be because you guys are the vanguard. You're the, you're the advanced cadre for all of this,
00:39:43.560sir. Well, Steve, I think we, we modified the audience a little bit with you not being here
00:39:51.240person with tina uh was great although they're looking forward to your keynote speech later this
00:39:56.240evening but the folks that are out here uh average everyday men and women majority just putting it
00:40:03.120all on the line for our republic our constitution this president and this moment in time and they
00:40:09.040had to be here and you're right uh today we had that screening of uh yesterday the screening of
00:40:13.640the movie which i've never heard the ahearn more quiet for 98 minutes in my life and you know we've
00:40:19.960been doing a lot of events here with uh mr ahern and the air event amazing uh q a afterwards uh
00:40:26.860that was wonderful eduardo bossanera was here um just personalized that entire movie and then today
00:40:34.100starting at nine o'clock we'll kick off nine o'clock pacific and it's all going to be the
00:40:39.740various types of fraud money fraud bond fraud tax fraud gia but griffin i would call it federal
00:40:46.100reserve fraud um cia fraud and then of course you uh peter titan talked about lawfare exposed
00:40:52.680and then you of course are going to do our keynote and then tomorrow it's all about election fraud
00:40:59.100and all different aspects of it all the luminaries who've been fighting this fight for the last four
00:41:04.460or five years and the the goal is to show you how this fraud you're seeing in front of us i'd say
00:41:09.060dare to say what we just saw with terry shilling these crazy policies isn't maybe the elections are
00:41:15.440corrupted election systems that's putting these people and these policies in place
00:41:19.960is the group prepared because rachel maddow and that team at msc msc msnbc know that this
00:41:31.840conference is taking place this week they know that you're going to you screen the movie last
00:41:36.560night her show was last night they called you vigilantes and they warned about vigilantes
00:41:43.080they understand to make sure given where we are with save america not done and other things not
00:41:49.080done that the difference between having a fair election and a real count of real voters
00:41:56.720and having another sham where just ballots and they're stealing just like they stole it in broad
00:42:01.900daylight in los angeles is going to come down to the leadership of those grassroots americans
00:42:46.240So for vigilantes, we comply with law.
00:42:49.600We love law enforcement, not vigilantes.
00:42:52.060We just want to make sure our voices are heard and everything we can possibly do lawfully, constitutionally, is done to ensure we have transparent and verifiable elections.
00:43:04.940And Spencer Pratt's race there in Southern California has wakened, I think, sleeping people up going, something's not right with these elections.
00:43:49.960President Trump is dropping a $100 trillion bomb on the globalist.
00:43:55.280Jerome Powell's term has come to a close.
00:43:58.240And he's installing a real America first Fed chair who will, according to Jim Rickards, slash rates and supercharge our reindustrialization.
00:44:09.160This is what one man is calling Trump's gift on America's 250th anniversary, unleashing a historic super cycle in American mining, rare earths, uranium and gold.
00:44:20.380The same forces that turned $5,000 into over a million in less than five years during China's booms are hitting here now.
00:44:28.840Jim Rickards, the former CIA, Pentagon, and White House advisor, has the battle plan.
00:44:34.700The gold royalty stock that could skyrocket in the next few years and the uranium power for AI.
00:48:53.760I'll tell you, there are so many people in Minnesota, this fraud is actually a blessing, everybody, because it's what people have kind of like the 2020 election where it woke up the whole country in the whole world.
00:49:06.500This is waking up Minnesota, waking up the people that love Minnesota, that grew up here like I did, that were born here.
00:49:13.520And we are not going to let this happen to our state.
00:49:15.900We're going to fight back on every level.
00:49:17.820I mean, when you put out this, we have the most nonsensical things come out of Minnesota than any other state when men and women's bathrooms and tampons and men's bathrooms.
00:49:28.480And now they want to they want to do they're doing a poll or I mean, to get our local elections through the phone lines.
00:49:34.820I mean, through telephone. I mean, you can't make this stuff up.
00:49:37.780I thought it was bad when we were fighting Utah back in the day to text in your vote and an email in your vote.
00:49:43.760You're going to call in your vote. This is nuts.
00:49:45.960But Steve, we're fighting to stop it all. And I'll tell you, everybody, you guys, you want to help save Minnesota, support my campaign. It's LyndaleGov.com. Very simple. LyndaleGov.com. We are launching this week. I'm going to be doing five events a day for months. I'm not stopping. We have this. It's the most critical election in history right now, especially a midterm election. And that's just not Minnesota. But this is last call for Minnesota, Steve. It really is.
00:50:15.960No, it's desperate. Um, now that we got, now, now that you're out five times a day,
00:50:20.740we got your son running things and he's making great deals. Tell me about the deals you got for
00:50:25.140the Warren Fosse. Yeah. You guys, I, I, yeah, I got to get on here and give you the deals before
00:50:30.300the, uh, before they're gone. But the, the father's day sale coming up, you guys, we launched
00:50:35.020it early. The father's day sale. You guys have all jumped on this. The, my, the biggest one
00:50:39.560under the, my pillow premium, my pillows, where it all started. We've sold 85 million now,
00:50:44.640But these are the king size, the lowest price ever, $19.98.
00:50:48.840And then we have the queen size for $1 last night.
00:50:56.860All the colors just came in for as low as $29.98.
00:51:00.760And then we have, if you go to mypillow.com or forward slash bandage,
00:51:07.380but the whole website, you guys, you can use now a promo code war room anywhere on there.
00:51:12.480And we've got all these things categorized where now we added over 40 brand new products that you can get an exclusive discount with the War Room promo code.
00:51:22.280But when you go here, you guys are going to see that we still have the mattresses and the mattress toppers.