00:02:00.000I got Brandon Gill, Congressman Gill, put up a tweet overnight that said that the Battle of Lexington and Concord are not in the Texas schoolbooks.
00:03:09.180My understanding is we're like 50-50 now of getting the good stuff in and the bad stuff out.
00:03:14.780And these textbooks, this fight under social studies is so important because it's going to basically drive the direction of, I don't know, 20 states textbooks for elementary school and for high school, sir.
00:03:27.120Well, the State Board of Education this week has been the premier battlefront in the fight to save Western civilization, the American Republic and our Texan way of life, because as you know, this determines what's taught in the classroom for five and a half million Texas students and over 20 states will follow what we do here.
00:03:45.600So there could be no important battle. And just like Colonel Travis at the Alamo, we've been besieged this week and, you know, at times outnumbered by the radical Islamists, by the Marxist historical revisionists.
00:03:57.820And then we've had Democrats who have proposed hundreds of amendments to erase the great things about our country and, you know, introduce their critical race theory into our history.
00:04:06.860So we've had to hold the line. We've had to vote against them on every single amendment.
00:04:11.060And then, you know, occasionally some of their amendments pass, which is, you know, what happened with the Lexington and Concord situation.
00:04:16.300And so we've had to be here until two o'clock in the morning, multiple nights in a row, just fighting line by line with hundreds of amendments, trying to hold them back.
00:04:24.760And sometimes it can come down to is one of our people in the bathroom. I mean, it's a real battle.
00:04:28.660What about these – there are certain Republicans, though, are flipping and supporting the Islamists in rewriting Texas history and the history of the republic, correct?0.82
00:04:40.380Well, there have been times where we've had Republicans come over and join Democrats for amendments.0.85
00:04:45.200The Texas State Board of Education is 10 to 5 Republican.
00:05:07.020And what can the war room and the war and posse do to confront this, to help you guys, to assist you, to augment you?
00:05:14.500I'm about to step out and vote here probably within a matter of minutes, and we will take our final votes today.
00:05:20.240If you're watching this right now, pray for the Texas State Board of Education that we can finalize this and get this done.
00:05:27.260But I'm excited for a great victory, just like at the Battle of San Jacinto.
00:05:30.400We're going to pass today a great literary works list that brings our classics back and brings the Bible back into Texas schools for the first time in 60 years.
00:05:38.400And we're also going to pass terrific K-8 social studies standards.
00:05:42.300We were able to do great work there, teach about the founding of the country, this American exceptionalism and our great heroes throughout history.
00:05:48.920So I am very confident in those standards. And it looks like our high school courses, they are going to be delayed.
00:05:55.400So we're going to have to come back and take another bite at them.
00:05:57.380But just the literary works list that we're going to pass and the social studies standards K through eight is a huge victory.
00:06:04.220But but we're going to come back. We're going to make sure they're not going to approve textbooks for the high school kids.
00:06:09.560That is, it got all this hate America that these radical Marxist, jihadist Democrats in these in these gutless turncoat Republicans are supporting.
00:06:17.780In other words, we're not going to leave here today and there's going to be any question we're going to get to the text, the high school textbooks later.
00:06:25.240Yeah, that's right. There's no question. We're coming back at this. We will never let that happen.
00:06:29.500This week, we've had the calendar care has come in, the foreign terrorist organization.
00:06:33.240People have put tremendous pressure on this board not to do the right thing.
00:06:37.200And they're going to put tremendous pressure for us just to keep delaying this and never come back and do it.
00:06:41.020But, Steve, I'll tell you, I will not let that happen. And I think the conservatives on the board won't let that happen.
00:06:45.780We will come back and we will get this done.
00:06:47.780uh brother you and julie pickering and the rest have got we've got your back i want to get you
00:06:54.320back up here at five o'clock where i go through all of it so brandon where do people get you what's
00:06:58.000your social media and where do people go to they want to do a have a blow by blow on this fight
00:07:02.920historic fight that you're having in texas follow me on x at brandon hall tx brandon hall tx and
00:07:10.520steve i just want to thank you in the war room a lot of the victories that we've had
00:07:14.480have been, you know, thanks to you in the war room
00:07:16.700and the great patriots of Texas speaking up
00:07:18.620and we didn't let this fight get away from us.
00:12:40.660When I was kind of working in academia and CNBC and all that stuff like that, my bag was every month there's economic indicators that come out, right?
00:12:53.640It's the CPI, the PPI, durable goods, GB, all that stuff, right?
00:12:58.460And the whole conceit there is if you watch the indicators, it'll help you kind of figure out what the financial market's going.
00:13:05.260And so there's a synergy between stock market investing, bond market investing and the indicators.
00:13:13.500So what I'm doing now is every time there's important indicators coming out, I do a little piece for real clear markets and get it out there.
00:13:21.860And what's stunning me, Steve, is like the narrative right now is there's inflation.
00:13:28.480Therefore, there must be Fed rate hikes.
00:17:24.840Should the Fed raise interest rates based on economic data?
00:17:29.820And my claim is that if the Fed raises interest rates, that will guarantee a recession and it won't really cure any kind of problem at all.
00:17:39.800And what you have to do is distinguish between two kinds of inflation.
00:17:43.680The normal kind is demand-pull, too much money to taste and too few goods.
00:17:47.800It's when you get fiscal stimuluses that drive us into debt.
00:17:51.660You get both inflation and growth with demand-pull inflation, both inflation and growth.
00:17:59.060So a Fed rate hike makes sense to rein in the inflation by reining in the growth.
00:24:58.980So I say to you, Steve, draw the dots for what interest rates are going to look like over the next four quarters.
00:25:06.580Based on your analytical, you do that, but it comes out, it's manifested in dots.
00:25:10.300And you do it like independent of the other people, and then you compare the dot plots, and that gives Wall Street a chance to make even more money on poly markets.
00:25:18.800So he published the dot plots, and all the dot plots that he published said Fed rate hikes by the end of the year.
00:32:58.640Because, look, the fundamentals of Trump policy are extraordinarily good for growth.
00:33:05.640What we're in now is something like the 90s, where we have a secular technological trend that is going to push productivity significantly, and that's going to help.
00:33:19.040And there's all associated investment.
00:33:20.760But more importantly, productivity is going to have humans involved.
00:33:25.240There is a big problem with that, and I'm getting to that.
00:33:28.280I'm getting to that, my brother, which is why we've got to keep that border closed and deport, like, I don't know, what?
00:33:35.960This reminds me, by the way, in the Roosevelt Room.
00:34:22.880But look, we've got the technology giving us growth and productivity help.
00:34:30.280We've got the tariffs, which are the big wall to protect Americans from the unfair trade, which is attracting all sorts of investment.
00:34:40.140And we're seeing that happen in real time where we start with a surge in construction jobs because you've got to build the factories first.
00:34:48.060And then once you do that, you get the manufacturing.
00:34:50.840So we're seeing all of that in the data surge in construction. Last five months, all the manufacturing trends have been up. So that's all good. And contributing to that has been the the big, beautiful bill provision for 100 percent expensing when you build a factory here and manufacture here.
00:35:13.100So all of that's showing up in the data. Now, we got to be really careful here. It's like we're having good growth, but we're not having great growth, partly because the Fed didn't lower interest rates.
00:35:29.100And now because we've got the headwinds from Iran, and this is going to be a cautionary time.
00:35:39.700But the best thing we've got going for us is the strategic energy dominance on top of all that.
00:35:46.260Steve, do you know how much we produce more than Saudi Arabia and Russia combined?
00:35:53.180I mean, I can't even wrap my head around that because the first time I had a job in Washington was about a mile from here at the Department of Energy.0.89
00:36:02.340And I was a guy studying how, you know, how are you going to get off foreign oil?
00:36:06.960And I never dreamed that there would be this thing called fracking.
00:36:13.400I think that the messaging, we just got to keep talking about the economy.
00:36:20.820And that's kind of what I try to do every day with these videos and parsing.
00:36:26.620Let me just go back and ask so people can understand this.
00:36:29.820The whole purpose of both the tariffs and the big, beautiful bill on the supply side was to return high value added manufacturing jobs to the United States.
00:36:38.480So once again, and mid value, mid value, but we became the John Gardner's of the world with the, you know, the 50, you know, the five employees, 20 employees.
00:42:17.560I mean, he's like, no, we've got to raise rates.
00:42:19.920I mean, what are you doing, Jay Powell?
00:42:22.140He was Trump deranged. Yeah, I know. It's just trying to help Obama. I mean, the Fed. OK, it's just they say it's got to be independent. They say it shouldn't be political.
00:42:37.360they're so political and so dependent on politics this is like the worst fed i think i've seen
00:42:46.480ever in that sense because they're dealing with very significant problems in it i don't want to
00:42:53.500i'm not going to ask you questions so i'm not going to answer i'm not going to ask no i'm not
00:42:57.920going to do that but i'm saying i one of the many efforts we're leading in the war room like we got
00:43:02.180enough is to go back to general jackson between 1836 the destruction of the second bank of the
00:43:10.120united states because remember hamilton had the first uh in 1913 or 1915 when the when the federal
00:43:16.560reserve was created on jekyll island all of the income tax all of it and we went off tariffs the
00:43:21.520greatest explosion in growth in any country in the history of the world now it did coincide with
00:43:28.340the industrial revolution but the great heroes of that time uh understood that and took advantage
00:43:35.480of it what we need you got to get the central bank out of the way if your central bank if you
00:43:39.320got a big central bank that's called things the w the lords of easy money on wall street
00:43:43.720control for themselves i'm not going to put that question to you because i don't want me just let
00:43:48.140me hang on wait for the break wait for the we're we got 30 seconds uh my paycheck so um
00:43:54.120i've got this thing and i'm so i'm commercial no i'm so excited about this though prepare
00:44:01.180with bannon.com my pager supply has given us our own site our own landing page we got a special
00:44:07.500up there 100 bucks off the three-month emergency food supply but there's so much more and we're
00:44:12.300going to flood the zone with information etc like we do a virtual prepare with bannon.com
00:44:17.860go check it out and check it out today short break navara still here if you're 65
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00:45:53.200do it today war room here's your host stephen k vann white house they said you got to get back
00:46:01.860to you're not getting you're only getting paid for half a day this is work no okay this is called
00:46:07.520messaging our economic plan steve because nobody else will in the press the war room the war room
00:46:13.900engine room which is a group of people that kind of help us with the show and they said getting
00:46:18.560uh nailing down navarro is harder than mercury and they didn't mean mercury in retrograde so hang
00:46:24.600on rare earths you're the guy the lead guy with the president of rare earths you and you and0.62
00:46:28.920jameson greer i think what are we doing this is a okay so communist china let's be clear about that
00:46:36.120decides to weaponize rare earths and magnets.
00:47:12.000I'm happy to report here that what Communist China has done to weaponize rare earths and many other things at this point has been a favor to us in the world.0.92
00:47:22.500Because it explains exactly who those people are and what they're willing to do and what their agenda is.0.92
00:47:29.800OK, the rare earth process, Steve, is incredibly environmentally destructive the way traditional technology does it.
00:47:40.180I mean, you got to you got to like take mountains of dirt and run it through like all sorts of nasty chemicals to start.
00:47:47.360OK, so what we're doing is using new technology.
00:47:52.540And there's two companies that we have working, two small ones working with a big company.
00:47:57.640Re-Elements over at the beginning has an innovative process that's able to take both material from mines and recycled material and turn it into what's called oxides.
00:48:14.580And it's the oxides then that Vulcan uses to make magnets.