Bannon's War Room - March 27, 2023


WarRoom Battleground EP 261: The Undermining Of European Democracies


Episode Stats

Length

55 minutes

Words per Minute

152.45782

Word Count

8,405

Sentence Count

660

Misogynist Sentences

3

Hate Speech Sentences

12


Summary

Former Treasury Secretary and host of the Monica Crowley Podcast, Monica Crowley, joins me to discuss the results of the mid-term election and the implications for the future of the world's most important economic and political reserve currency, the dollar.


Transcript

00:00:00.000 this is what you're fighting for I mean every day you're out there what they're doing is blowing
00:00:11.600 people off if you continue to look the other way and shut up then the oppressors the
00:00:18.580 authoritarians get total control and total power because this is just like in Arizona this is just
00:00:24.480 like in Georgia it's another element that backs them into a quarter and shows their lies and
00:00:29.240 misrepresentations is why this audience is going to have to get engaged as we've told you this is
00:00:33.500 the fight all this nonsense all this spin they can't handle the truth war room battleground here's
00:00:40.560 your host Stephen K Bannon
00:00:59.240 Trump won and you know it
00:01:02.960 it's a fake news
00:01:05.240 we got dead people voting drop boxes and dominion
00:01:17.780 and facts are facts it's not just my opinion
00:01:25.120 the Democrats know how to steal
00:01:30.700 come on and here's the deal
00:01:34.340 Trump won and you know it
00:01:36.660 Trump won and you know it
00:01:40.500 the fake news
00:01:42.760 the fake news will never show it
00:01:44.160 cause it's true
00:01:45.440 Trump won and you know it
00:01:47.940 while Biden's hiding in the basement
00:01:52.300 fabbling away on Zoom
00:01:55.120 my mental feel
00:01:55.960 getting it
00:01:56.560 what he's doing now
00:01:57.460 Patriots fill stadiums
00:02:00.160 have circles in an empty room
00:02:02.640 Twitter and the FBI
00:02:07.760 one day you won't deny
00:02:11.840 Trump won and you know it
00:02:14.180 Trump won and you know it
00:02:17.960 the fake news
00:02:20.280 we'll never show it
00:02:21.620 cause it's true
00:02:22.940 Trump won and you know it
00:02:25.280 the thing about truth
00:02:44.780 time is always gonna tell
00:02:47.280 votes in Fulton County
00:02:48.560 were counted more than once
00:02:50.180 I bet he took New York
00:02:52.160 and carried California as well
00:02:55.200 he's done it twice before
00:03:00.780 and he's gonna win again for the third time
00:03:05.020 Trump won and you know it
00:03:10.020 Trump won and you know it
00:03:12.260 Trump won and you know it
00:03:16.080 Fox News won't even show it
00:03:19.760 it's true
00:03:21.060 Trump won and you know it
00:03:23.540 Trump won and you know it
00:03:27.300 Trump won and you know it
00:03:28.300 If there's a line
00:03:29.600 they're gonna do it
00:03:30.980 if there's a line they're gonna do it
00:03:31.000 it's true
00:03:32.300 Trump won and you know it
00:03:36.860 Trump won and you know it
00:03:37.780 I know it, you know it
00:03:39.480 I know it, you know it, we know it, they know it, everybody knows Trump won
00:03:59.480 USA! USA! USA! USA! USA! USA! USA!
00:04:09.460 USA! USA! USA! USA!
00:04:39.460 USA! USA! USA! USA! USA! USA! USA!
00:04:42.460 USA! USA! USA! USA! USA! USA! USA! USA! USA! USA!
00:04:48.460 what happens if our economy and the U.S. dollar are no longer the world's dominant currency?
00:04:55.800 Former Assistant Treasury Secretary and host of the Monica Crowley podcast, Monica Crowley,
00:05:00.480 is here to weigh in. Monica, great to see you this morning. Let's start right there.
00:05:04.780 What happens if these emerging economies move away from the U.S. dollar towards the Chinese yuan?
00:05:12.360 Well, good morning, Will. It's great to be with you. And it's really hard to overstate exactly
00:05:17.260 how catastrophic the abandonment of the U.S. dollar would be as the world's global reserve
00:05:24.620 currency. Look, since the end of World War II, the dollar has been the safe place to go. And
00:05:29.280 it's been backed up by a couple of things. It originally was backed up by gold, but President
00:05:34.160 Nixon took us off the gold standard. So there's no hard asset backing up the dollar anymore for the
00:05:39.820 last 50 years. But also it's been backed up by the strength and economic power of the United States
00:05:45.440 and the fact that oil has always been traded in dollars. If that were to end, that would mean
00:05:52.960 the end of the U.S. dollar. Look, there is a perfect storm happening right now, Will.
00:05:59.180 The world's reserve currency being that, having that status has been a real privilege. But we've
00:06:05.640 abused the privilege by wholly reckless monetary and fiscal policies over many years, certainly over
00:06:11.900 the last couple of years, which has really devalued the dollar. On top of that now, you do have this
00:06:17.560 perfect storm of Biden's weakness, his war on American domestic energy production, the Ukraine war.
00:06:25.100 And as you point out, because of all of these things, we've got America's enemies led by China
00:06:30.440 forming a new economic block. And all it would take at this point now, because we're at this pivotal
00:06:36.920 moment, Will, is for Saudi Arabia, who has indicated that they're open to this, to say, you know what,
00:06:43.260 we're going to be open to considering other currencies to trade in oil. If that were to happen,
00:06:49.140 there would be a complete implosion of the global economic system, but certainly the American economic
00:06:55.460 system. And if that were to happen, you'd be looking at sky-high inflation, just raging Weimar
00:07:01.680 Republic kind of inflation. If you think inflation is bad now, just wait. But more importantly,
00:07:07.880 we would lose our economic dominance and we would lose our superpower status.
00:07:12.840 Monica, the world's reserve currency, you said it's a privilege for the United States for the dollar
00:07:17.780 to have been the world's currency. How does that relate to each individual American? How has that
00:07:23.600 changed or impacted or improved our lives throughout the last several decades?
00:07:30.620 Yeah. I mean, it's given the United States incredible dominance in the world in terms of
00:07:36.220 the economic system and in terms of trade. It's kept prices down. So whether it's energy prices,
00:07:43.360 whether it's your food prices, the entire global economic system is relying on the safe and secure
00:07:50.860 dollar. But that is no longer true, again, because we've been printing money like crazy and devalued
00:07:57.140 the power of the dollar and the value of the dollar. But on top of it now, again, oil is the
00:08:03.480 critical linchpin of this. If Saudi Arabia decides to join with America's enemies here and start trading
00:08:10.220 oil in different currencies, that is going to undermine the entire global economic system.
00:08:16.080 And here at home, you know what it's going to mean for us? It's going to mean raging inflation so
00:08:21.060 much worse than anything we have ever experienced will. And I'll tell you, they're setting it up
00:08:26.360 so that they can then come to the rescue by introducing central bank digital currencies.
00:08:32.760 If they were to do that and the United States already has a pilot program, that means the loss of
00:08:38.700 your individual economic freedom, because the government will have total access and control
00:08:44.560 of everything you buy and sell and the ability to turn it off like that.
00:08:49.580 Ominous warning. I hear you. Saudi Arabia is the tipping point. Oil trading in dollars is the tipping.
00:08:54.860 Okay. It's Monday, 27 March in the year of our Lord, 2023. Number one, Trump did win. We can't play
00:09:02.980 that song enough. But we're here. I got Ben Harnwell in Rome. And Ben, we've had, of course,
00:09:08.960 our own Monica Crowley up there on Fox. And I'm going to play Farid Sakhar in a second.
00:09:13.420 The talk is about, you know, they're all panicked now because what we've been talking about the last
00:09:19.020 couple of years is about China and Russia coming together, but particularly going after the American
00:09:25.860 currency by using the Chinese yuan. I know at the end of the morning show, you start talking about
00:09:32.340 this foreign policy story on China and Russia coming together. You're in Rome, and Ben joins
00:09:38.700 us in Rome today. What has the impact of the importance of this sunk into the European people
00:09:45.280 yet? Do they see this alliance coming together of Persia and the House Assad and Qatar and Turkey
00:09:53.320 and Pakistan and obviously many, many in North Korea, but principally around the orbit of the Chinese
00:09:59.820 Communist Party and their junior partners, the KGB in Moscow, sir?
00:10:04.680 Absolutely not, Steve. In short.
00:10:11.380 How can they possibly... What was the perception? Because here, and you're here,
00:10:16.000 Farid Sakhar, say it when he comes on, there was very little media, given the importance of this,
00:10:20.320 there was very little media coverage for this week. I mean, obviously, the war room's been on this 24-7.
00:10:24.220 But in the general media, there was relatively small coverage of this. What was the coverage like
00:10:30.080 in Europe on this historic meeting?
00:10:34.080 Well, it was really... I think it matched people's expectations. They expected Xi to go
00:10:41.780 and to stand by Putin to the degree that he was expected to do so, to the enthusiasm he was expected to do so,
00:10:51.720 to the commitments he was expected to deliver. Those were the variables. But there was no real doubt
00:11:00.020 that Russia and China are... The constellations have been moving together, thanks, of course, to Western pressure.
00:11:09.880 I think the situation is, of course, why Xi is obviously acting in China's interests here.
00:11:18.960 And the question is, well, why would he be doing this? Why is it in China's national interests to face down the rest of the world,
00:11:26.020 of the West, in supporting Russia? You know, does China have a dog in this fight?
00:11:32.180 Well, not particularly in the Russia versus Ukraine land-border dispute.
00:11:39.220 What Xi's interested in is prolonging the war, because that was winding down, grinding down the West,
00:11:45.800 to give, to open up, obviously, on the other side of the Chinese territory, to open up the Vista there,
00:11:53.560 to do a naval blockade on Taiwan or something like that. Obviously, the more bankrupt we are in the West,
00:12:00.660 the more we've depleted our military reserves, the more we've ground down the appetite in the West for war,
00:12:09.180 the freer hand Xi has on Taiwan. That's his interest.
00:12:13.320 And that is why he went there and gave every indication of standing by what he said a year ago,
00:12:18.940 that there was an unbreakable bond with no limits between China and Russia.
00:12:27.120 You're in Rome, and we had the great young analyst of PolicySonar, who wrote a book about –
00:12:33.680 his entire book was about – it has never been translated into English. I would love to do that.
00:12:37.620 But his book was about the CCP on the One Belt, One Road initiative, particularly around Venice,
00:12:43.360 actually coming in and becoming a major player behind the scenes in Italian politics with just money for One Belt, One Road.
00:12:50.080 In the same time, you've got the Vatican has signed – not just signed a secret deal with the Chinese Communist Party,
00:12:56.820 of which Cardinal Zen actually made a huge – he flew to Rome. He wanted to see the Pope.
00:13:02.420 He said, you can't do this. Then they've re-upped it. How bad is the – is really the influence peddling
00:13:10.180 and the subversion of the CCP into these European governments? I know in the Czech situation, it's terrible, right?
00:13:16.380 You had – you had – now they're finally standing up a little bit, but you had one of the senior leaders –
00:13:20.700 I remember I met with him a couple of years ago, and he tried to field strip me about my adamant warrior-like nature against the CCP.
00:13:29.240 How bad is it in Italy?
00:13:31.940 The CCP is meddling in the internal affairs of European member states.
00:13:38.680 But listen, I need to be impartial here when I come on this show.
00:13:45.620 I'm not sure that the CCP's meddling in European nation-states affairs is any worse than the CIA's meddling over here in continental Europe.
00:13:57.080 It hasn't particularly taken a noticeable back step from the fall of the Berlin Wall.
00:14:01.580 Well, what's going on is that two power blocks, two economic and military power blocks, are pursuing their own interests ruthlessly.
00:14:10.580 Here in continental Europe, you've got the U.S. military-industrial complex on the one hand and the CCP on the other.
00:14:17.540 The way they're going about exerting that influence is different.
00:14:22.140 It limits itself in different ways.
00:14:23.760 But that's the reality of the realpolitik here.
00:14:29.880 What I would say, you know, when you ask me the absolutely correct question,
00:14:34.960 because it's an existential question here for Western civilization,
00:14:39.540 whether people are paying attention to what's going on with the shifting of the constellations
00:14:46.640 and the alliances on the other side of the NATO war.
00:14:53.880 Well, no, but one of the substantial reasons for that is because you really require,
00:14:59.420 if you really want to penetrate into that conversation and get these ideas across,
00:15:04.020 you really need political players, either in government, at a head of state or head of government level,
00:15:10.620 or candidates at that level who aim for that, to move the discourse themselves,
00:15:16.920 which is a lot of what Donald Trump himself did, both as a candidate and then as an incumbent.
00:15:23.140 And there is, you know, the only person I could indicate on continental Europe
00:15:26.760 who has that kind of authenticity and grasp is Viktor Orban in Hungary,
00:15:33.200 who isn't necessarily as impartial as perhaps you'd be looking for on the US stage.
00:15:46.320 But he's an absolute hero in terms of what I mean today is that Hungarian national interests
00:15:51.460 aren't necessarily going to work out and be American national interests.
00:15:54.660 That's what I'm going to say.
00:15:55.380 But he's an absolute hero in putting his country first.
00:16:00.840 And if more countries in continental Europe were prepared to do that
00:16:05.240 and face down the European Union in doing that, Europe would be a far healthier place.
00:16:11.540 As it is, it's easy pickings for the two main power blocks I mentioned earlier.
00:16:20.740 Hang on for one second.
00:16:21.940 You remember you were with me in Rome a number of years ago.
00:16:24.600 I think it was in 18 or 19.
00:16:26.140 I think it was in 19 when Freed Zakhar, so that was four years ago.
00:16:29.100 Freed Zakhar, we did the interview with Freed Zakhar and talked about this very issue about China
00:16:36.120 and the rise of China and China trying to partner and becoming a threat to the EU
00:16:40.120 of using one belt, one road to actually get into the European elites.
00:16:44.740 Freed Zakhar actually is a convert.
00:16:47.100 Freed Zakhar, yes, finally, after all these years of talking to him, he now understands the absolute
00:16:51.540 threatening nature of this alliance, this global alliance, particularly off the Eurasian landmass,
00:16:57.520 that is trying to destroy the U.S. dollar.
00:16:59.360 Let's go ahead and play Freed Zakhar, and we're going to return with Ben Harnwell for his comments on that.
00:17:04.240 So let's hear Freed at CNN.
00:17:05.400 Here's my take.
00:17:07.960 The most interesting outcome of the three-day summit between Vladimir Putin and Xi Jinping got limited media attention.
00:17:16.120 Describing their talks, Putin said,
00:17:17.980 So, the world's second-largest economy and its largest energy exporter are together actively trying to dent the dollar's dominance
00:17:37.640 as the anchor of the international financial system.
00:17:41.460 Will they succeed?
00:17:43.240 The dollar is America's last surviving superpower.
00:17:46.780 It gives Washington unrivaled economic and political muscle.
00:17:51.440 It can slap sanctions on countries unilaterally, which frees that country out of large parts of the world economy.
00:17:58.180 And Washington can spend freely, certain that its debt will be bought up by the rest of the world.
00:18:04.960 The war against Ukraine, combined with Washington's increasingly confrontational approach to China,
00:18:11.020 have created a perfect storm in which both Russia and China are accelerating efforts to diversify away from the dollar.
00:18:19.740 Their central banks are keeping less of their reserves in dollars,
00:18:22.760 and most trade between them is being settled in the yuan.
00:18:26.620 They are also making efforts to get other countries to follow suit.
00:18:29.640 The Biden administration has handled the economic war against Russia extremely effectively by building a coalition of almost all the world's advanced economies.
00:18:40.880 That makes it hard to escape from the dollar into other highly valued stable currencies like the euro or the pound or the Canadian dollar,
00:18:49.740 because those countries are also warring with Russia.
00:18:52.820 What might have been a sharper turning point for the dollar's role was Donald Trump's decision in May 2018 to pull out of the Iran nuclear deal.
00:19:03.680 The European Union was strenuously opposed to this move,
00:19:07.500 but it watched as the dollar's dominance meant that Iran was immediately excluded from the world economy.
00:19:13.600 Jean-Claude Juncker, then-president of the European Commission, proposed enhancing the euro's role internationally to shield the continent from what he called selfish unilateralism.
00:19:26.060 The Commission outlined a path to achieve this.
00:19:29.180 It hasn't happened.
00:19:30.580 There remain too many fundamental doubts about the future of the euro itself.
00:19:35.160 Dollar dominance is firmly entrenched for many good reasons.
00:19:38.880 A globalized economy needs a single currency for ease and efficiency.
00:19:44.300 The dollar is stable.
00:19:45.340 You can buy and sell at any time, and it's governed largely by the market and not the whims of a government.
00:19:51.200 That's why China's efforts to expand the yuan's role internationally have not worked.
00:19:56.800 Ironically, if Xi Jinping wanted to cause the greatest pain to America,
00:20:00.740 he would liberalize his financial sector and make the yuan a true competitor to the dollar.
00:20:05.840 But that would take him in the direction of markets and openness that is the opposite of his current domestic goals.
00:20:13.640 All that said, Washington's weaponizing of the dollar over the last decade
00:20:18.100 has led many important countries to search for ways to make sure that they do not become the next Russia.
00:20:26.160 The numbers are revealing.
00:20:27.300 The share of dollars in global central bank reserves has dropped from roughly 70 percent 20 years ago
00:20:34.560 to less than 60 percent today and falling steadily.
00:20:39.240 The Europeans and the Chinese are trying to build international payment systems outside the dollar-dominated swift.
00:20:46.540 Saudi Arabia has floated with the idea of pricing its oil in yuan.
00:20:50.780 India is settling most of its oil purchases from Russia in non-dollar currencies.
00:20:55.300 Digital currencies might be another alternative, and in fact, China's central bank has created one.
00:21:02.600 All of these alternatives add costs.
00:21:05.900 But the last few years should have taught us that increasingly nations are willing to pay a price
00:21:10.900 when they want political goals to trump economic ones.
00:21:15.720 We keep searching for the single replacement for the dollar, and there will not be one.
00:21:20.460 But could the currency suffer weakness by a thousand cuts?
00:21:26.200 That seems a more likely scenario.
00:21:28.980 The author and investor Ruchir Sharma points out,
00:21:32.220 Right now, for the first time in my memory, we have an international financial crisis
00:21:37.220 in which the dollar has been weakening rather than strengthening.
00:21:41.760 I wonder if this is a sign of things to come.
00:21:44.280 If it is, Americans should worry.
00:21:47.480 I spoke last week about the bad geopolitical habits Washington has developed
00:21:51.580 because of its unrivaled unipolar status.
00:21:54.600 It's even more true economically.
00:21:57.060 America's politicians have gotten very used to spending seemingly without any concern about deficits.
00:22:03.240 Public debt in America has risen almost five-fold,
00:22:06.640 from roughly $6.5 trillion 20 years ago to $31.5 trillion today.
00:22:12.720 The Fed has solved a series of financial crises by massively expanding its balance sheet,
00:22:18.620 almost 12-fold, from around $730 billion 20 years ago to about $8.7 trillion today.
00:22:27.660 All of this only works because of the dollar's unique status.
00:22:31.800 If that were to wane, America will face a reckoning like none before.
00:22:36.880 Okay, welcome back.
00:22:38.420 Ben, you were there.
00:22:39.640 Fareed was not buying it at the time.
00:22:42.220 I mean, he understood the overall construct, but he wasn't buying it.
00:22:46.020 Remember when they made the movie, what was it called, The Brink,
00:22:49.140 and the young filmmaker who absolutely hated my guts.
00:22:52.200 I would sit there and try to explain to her the geopolitics of all this,
00:22:56.040 of Persia, Turkey, and China,
00:22:58.000 and that we had to make sure that we stopped Russia from uniting with them.
00:23:02.380 She would look at me like, what are you even talking about, right?
00:23:05.000 And we were in Hungary at the time.
00:23:06.920 We went to Prague.
00:23:08.240 We went to Budapest.
00:23:09.420 We were in Rome.
00:23:10.620 All of it.
00:23:11.780 Give us your sense of this.
00:23:15.360 We've got a couple minutes.
00:23:16.220 I want your sense of, over the weekend, the escalation,
00:23:19.460 and it was escalation of Russia talking about putting missiles into nuclear weapons,
00:23:24.880 tactical nuclear weapons into Belarus.
00:23:27.920 Is that rattled the capitals of Europe, sir?
00:23:32.360 Yeah, because the Western media here in Europe has,
00:23:37.100 you know, there's an anatomy here of how to gaslight your own people.
00:23:41.060 And it starts with, you provoke Russia into doing something.
00:23:44.720 Russia responds to defend its own national interests.
00:23:47.940 You then have all the international points,
00:23:50.200 supposedly neutral points of authority in the so-called international rules-based order,
00:23:55.940 then entering the debate on the side of the West.
00:23:59.820 And then you have the final coup de grace,
00:24:01.580 is Ukraine coming in, demanding that ever-escalatory response
00:24:07.300 to Russia's actions.
00:24:11.620 And that's exactly in that order, exactly what we've had here.
00:24:15.240 And, of course, the Western media has come in and said,
00:24:17.700 this basically just illustrates that Putin is either crazy
00:24:21.460 or his brinkmanship is reckless,
00:24:26.940 because this moves us ever closer to nuclear war.
00:24:30.840 There's no, there's literally, Steve, there's zero introspection.
00:24:35.920 There's zero interest in thinking, well, why is Putin doing this?
00:24:39.940 You know, if politics and international politics especially,
00:24:43.600 is basically a cause and effect type game,
00:24:47.160 why has Putin done this?
00:24:48.460 Why has Putin, for the first time since the fall of the Berlin Wall,
00:24:52.140 said that he's going to place nuclear weapons outside of Russia's border?
00:24:55.440 That is obviously something that NATO has been doing since its foundation.
00:25:01.780 That's part of the NATO's DNA.
00:25:04.740 But Russia, since the fall of the Soviet Union, hasn't done that.
00:25:07.960 It's now doing that.
00:25:09.400 And this is basically being spun to a very uninformed
00:25:13.480 and brainwashed public,
00:25:17.480 as in the further illustration that the right here is with the West
00:25:21.720 and not with Russia.
00:25:24.880 Ben, you're back off assignment.
00:25:26.780 How do people get to you now back on Getter?
00:25:29.480 What's the address?
00:25:30.620 You're putting up all your stuff and you're doing the show again.
00:25:32.820 Tell us, where do people go?
00:25:35.080 Thanks, Steve.
00:25:36.020 Getter, that's my exclusive platform for social media.
00:25:39.240 It's simply my surname, Harnwell, there.
00:25:41.420 You can see it at the bottom of the screen if you need to know how to spell it.
00:25:44.340 At Harnwell, there I am on Getter,
00:25:46.820 and that's where my analysis goes.
00:25:50.580 Okay, Ben, thank you so much.
00:25:52.420 Appreciate you staying up and having you on.
00:25:54.840 Thank you very much.
00:25:55.440 Okay, birchgold.com slash Bannon.
00:26:00.200 I want you to go right now.
00:26:01.420 You've got to immerse yourself in understanding the world's economy,
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00:26:08.960 It's doable, and we're going to help you do it.
00:26:10.920 Go to birchgold.com slash Bannon right now.
00:26:13.980 There's a three-part series, The End of the Dollar Empire.
00:26:16.920 You heard Monica Crowley and you heard Fareed talk about it.
00:26:20.160 Well, we've been talking about it now for a year and a half.
00:26:22.360 We've got a three-part series.
00:26:23.560 It's eventually going to be 10 parts.
00:26:25.340 You get the third part, The Debt Trap,
00:26:27.280 which right now is talking about the debt ceiling,
00:26:28.940 everything to do with spending, what's causing inflation.
00:26:30.960 So go check it out right now.
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00:26:43.460 Short commercial break.
00:26:44.760 We're going to come back.
00:26:45.680 We've got Joe Allen.
00:26:46.520 We've got a great cold open.
00:26:47.580 Joe Allen is going to join us about artificial intelligence.
00:26:51.040 The whole world's woke up to it now.
00:26:53.440 Be back in a moment.
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00:31:26.760 We stand on the precipice of fundamental societal transformation.
00:31:31.340 Nobody knows when, but many, including me, believe it's within our lifetime.
00:31:36.080 The collective intelligence of the human species begins to pale in comparison
00:31:40.940 by many orders of magnitude to the general superintelligence
00:31:45.400 in the AI systems we build and deploy at scale.
00:31:51.260 The increase in quality of life that AI can deliver is extraordinary.
00:31:57.320 We can make the world amazing and we can make people's lives amazing.
00:32:01.340 We can cure diseases.
00:32:02.440 We can increase material wealth.
00:32:03.900 We can like help people be happier, more fulfilled, all of these sorts of things.
00:32:07.720 And then people are like, oh, well, no one is going to work.
00:32:09.880 But people want status.
00:32:11.760 People want drama.
00:32:12.760 People want new things.
00:32:13.900 People want to create.
00:32:14.820 People want to like feel useful.
00:32:16.580 We're just going to find new and different ways to do them,
00:32:18.580 even in a vastly better, like unimaginably good standard of living world.
00:32:22.980 I want to be clear.
00:32:25.000 I think like these systems will make a lot of jobs just go away.
00:32:29.120 Every technological revolution does.
00:32:30.940 And there's some folks who consider all the different problems with a superintelligent AI system.
00:32:36.540 So one of them is Eliezer Yudkowsky.
00:32:39.160 He warns that AI will likely kill all humans.
00:32:43.520 And there's a bunch of different cases.
00:32:45.040 But one way to summarize it is that it's almost impossible to keep AI aligned as it becomes super intelligent.
00:32:52.920 So first of all, I will say I think that there's some chance of that.
00:32:56.080 And it's really important to acknowledge it because if we don't talk about it,
00:32:59.020 if we don't treat it as potentially real, we won't put enough effort into solving it.
00:33:03.480 Do you think GPT-4 is conscious?
00:33:07.000 I think no, but...
00:33:09.480 I asked GPT-4 and of course it says no.
00:33:11.720 Do you think an AI can be conscious?
00:33:13.220 I'm certainly willing to believe that consciousness is somehow the fundamental substrate
00:33:17.500 and we're all just in the dream or the simulation or whatever.
00:33:19.940 I think it's interesting how much the Silicon Valley religion of the simulation
00:33:23.760 has gotten close to like Brahman and how little space there is between them.
00:33:30.180 But from these very different directions.
00:33:31.960 So like maybe that's what's going on.
00:33:33.420 But if it is like physical reality as we understand it
00:33:37.180 and all of the rules of the game are what we think they are,
00:33:39.580 then there's something that I still think is something very strange.
00:33:41.560 What are the different ways you think AGI might go wrong?
00:33:46.780 I think it's weird when people like think it's like a big dunk that I say like I'm a little bit afraid
00:33:50.680 and I think it'd be crazy not to be a little bit afraid.
00:33:53.820 And I empathize with people who are a lot afraid.
00:33:55.840 The current worries that I have are that there are going to be disinformation problems
00:34:01.340 or economic shocks or something else at a level far beyond anything we're prepared for.
00:34:08.200 And that doesn't require super intelligence.
00:34:09.980 That doesn't require a super deep alignment problem in the machine waking up and trying to deceive us.
00:34:15.240 So these systems deployed at scale can shift the winds of geopolitics and so on.
00:34:21.380 How would we know if like on Twitter we were mostly having LLMs direct the whatever's flowing through that hive mind?
00:34:29.580 As on Twitter, so everywhere else eventually.
00:34:32.000 Yeah, how would we know?
00:34:33.380 My statement is we wouldn't.
00:34:35.560 And that's a real danger.
00:34:37.560 At this point, it is a certainty.
00:34:39.720 There are soon going to be a lot of capable open source LLMs with very few to none, no safety controls on them.
00:34:48.520 Okay, welcome once again.
00:34:51.180 Startling.
00:34:51.740 Joe Allen joins us, our editor of all things transhumanism.
00:34:55.460 As I continue to say, I think we're still inside the 100-day window since, hold on, it was January to February, February to March.
00:35:02.860 Man, we got a long ways to go.
00:35:04.580 It was mid-January.
00:35:05.440 We're just outside of 60 days on the introduction of ChatGPT on artificial intelligence.
00:35:13.020 Walk us through what we just saw, Joe Allen.
00:35:16.360 Well, Steve, you had Darren Beatty's favorite character, Lex Friedman, interviewing Sam Altman, CEO of OpenAI.
00:35:24.640 You know, what I see in that interview is you have two true believers who really believe that artificial general intelligence, some kind of super intelligent version of AGI, is over the horizon.
00:35:43.060 They have differing opinions on when.
00:35:44.660 Everyone has differing opinions on when, but they both seem to agree that GPT technology is a huge leap forward in that direction.
00:35:58.280 I mean, you also heard a lot of stuff about, you know, the impact on jobs.
00:36:02.760 I think that Sam Altman's essay, Moore's Law of Everything, is really informative here as to how he feels about it.
00:36:11.760 Basically, the idea is that in the same way that transistors doubled in capacity every 18 months as the price went down,
00:36:22.400 you're going to see the same sort of exponential increase in artificial intelligence and its impact on jobs will be tremendous.
00:36:31.960 If nothing else, the anticipation of employers that artificial intelligence is going to be more efficient at these jobs than their current employees
00:36:41.280 is going to lead to a sort of, you know, a readiness to lay people off.
00:36:47.040 But I really think you can see with the actual capacities of GPT technology, good reason to believe that these jobs really are under threat.
00:36:57.120 That includes everything from copywriters to journalists to teachers.
00:37:03.540 And it really is that last one that probably bothers me the most, Steve, is we've covered a lot.
00:37:09.400 In fact, the ideas that, say, Bill Gates has as to what this technology should be used for to educate young people,
00:37:18.140 you have two things going on there.
00:37:20.080 One, a younger population that will inevitably be brainwashed by whatever sorts of biases are programmed into these AIs that are teaching them.
00:37:31.320 But most importantly, teachers, I think, are among the most valuable people you have in any society.
00:37:39.020 Education is the most valuable quality of any advanced society.
00:37:45.060 And a teacher's job, of course, is to accumulate knowledge, become excellent in their field,
00:37:49.820 and then transmit that information not only through teaching but also through modeling behavior for the students.
00:37:57.980 A lot of people on our side of the aisle just say, well, all of these teachers are corrupt anyway.
00:38:03.700 All of these teachers have become basically woke or whatever.
00:38:07.500 They're teaching kids to be transgender or whatever.
00:38:09.760 And so they really aren't all that sentimental about the loss of these teaching jobs.
00:38:13.960 And I understand that.
00:38:15.520 But I think that the devastation to our society is the same nonetheless.
00:38:21.620 Instead of reaching out and bringing in better teachers or forcing those teachers who are dragging their heels now to become excellent,
00:38:33.020 there's this sort of blasé feeling that, oh, well, we can just simply dismiss them because the machines will do a better job.
00:38:41.240 And then maybe most importantly, Steve, Friedman and Altman are talking about the real dangers that these technologies pose,
00:38:52.500 not just GPT, all of these sorts of AI systems that are becoming a critical part of different infrastructure controls or weapon systems or biological systems.
00:39:04.560 All of these pose various dangers to humanity and the most extreme cases that get brought up by the AI safety people that AI starts killing people that you heard though Altman.
00:39:16.800 I think the Altman is there are a lot of things to dislike about Altman, but I don't think that he's being dishonest.
00:39:23.560 And he's talking about the most immediate danger with GPT is the danger of mass disinformation.
00:39:32.720 When the Internet is flooded with large language models and not just GPT, you have a whole array of companies and independent projects that are releasing these large language models into the wild.
00:39:46.060 And as the Internet fills up with these synthetic minds, people are going to be more and more, A, persuaded by these sort of disinformation bots,
00:39:59.600 or those who are skeptical, B, unable to really trust or tell whether or not the people or the characters that they're interacting with or reading on the Internet are even real people at all.
00:40:11.260 And so, you know, in sum, Steve, I think that what you hear in that interview with this sort of true believer philosophy,
00:40:18.040 and especially when you get into stuff like the simulation theory or what Altman calls the Silicon Valley religion of the simulation,
00:40:24.900 what you see is this technocratic or technological elite who have literally lost their minds,
00:40:32.580 and they are intent on dragging the rest of us into their psychosis with the belief that they're going to make our lives better.
00:40:40.220 I think that the audience has every reason to be afraid, but I think the biggest thing the audience needs to do is brace for the impact of these technologies
00:40:48.480 and figure out how they're going to organize their lives in a world, a corporate world, religious world, or educational world,
00:40:55.920 where these technologies are going to be pushed on us from the top continually.
00:41:01.900 Joe, how do people get to all your writings, sub-stack, everything that you've got going on, including a war room and social media?
00:41:10.900 You can find me at jobot.xyz, warroom.org under the transhumanism tab, social media, Twitter, and getter, at J-O-E-B-O-T-X-Y-Z.
00:41:21.540 Thank you very much, Steve.
00:41:23.840 Thank you, brother.
00:41:24.780 We're doing a massive drill down, as you can tell, and everything dealing with the singularity and artificial intelligence.
00:41:30.000 Okay, for the next couple of days, we're going to be in East Palestine.
00:41:33.220 We come back tomorrow, we're going to be in East Palestine, Ohio, out there with the deplorables, MAGA, the working class people, Democrats, independents, all of it.
00:41:42.340 What is most important for us is to have the back of the people in East Palestine.
00:41:47.340 We have a show tomorrow morning, afternoon, and then on Wednesday, we're out there for a couple of days.
00:41:52.180 I want to make sure everybody tunes in tomorrow.
00:41:55.020 We're also going to be doing breaking news, capital markets, geopolitics the entire time, but make sure you join us.
00:41:59.880 It's going to be very, very special of what you're going to see in here.
00:42:02.680 Remember the inflection point from President Trump's campaign was President Trump going to East Palestine.
00:42:07.080 We want to end tonight by going to this amazing, this amazing video by Benny Johnson.
00:42:13.620 He's one of the best citizen journalists out there.
00:42:15.860 Benny's been doing an incredible job.
00:42:17.460 We're going to now go, this is a whistleblower.
00:42:19.180 They're going to get the true story of what really happened with Buttigieg and the Biden regime in East Palestine.
00:42:24.980 Take it away.
00:42:25.440 Benny Johnson's video.
00:42:27.120 We'll see you tomorrow morning live in East Palestine, Ohio.
00:42:30.660 Yo, what's up, guys?
00:42:31.820 It's Benny.
00:42:32.420 What happens when your practical joke actually ends up uncovering a massive bombshell news story?
00:42:38.340 Earlier this week, we staged a fake water station in front of the Department of Transportation in Washington, D.C.
00:42:44.260 We gave out water bottles.
00:42:45.900 These water bottles were from Whole Foods.
00:42:47.820 The joke was that they were from East Palestine, the tap water that the Department of Transportation poisoned.
00:42:53.200 We wanted to see what people's reaction would be to being offered East Palestine water.
00:42:57.220 Now, as we were filming the reactions and the security guards pushing us away from the building,
00:43:03.300 a news story dropped directly into our lap and all it took was a bottle of water.
00:43:09.500 A Department of Transportation employee walked up to our table.
00:43:12.500 He had a badge on.
00:43:13.700 He's a 25-year veteran of the Department of Transportation.
00:43:16.400 And he began to spill incredible amounts of information about what the D.O.T. was doing.
00:43:23.120 He told us about how the Department of Transportation was allocating resources based on the politics of a state,
00:43:28.700 blue state versus red state.
00:43:30.140 Talked to us about the bungling of the train incident and told us about open politicization and criminality
00:43:36.380 inside of the department under Pete Buttigieg.
00:43:39.940 Moral people trapped in immoral systems eventually break.
00:43:44.020 They have to shout the things that are going on.
00:43:47.760 They have to tell someone.
00:43:50.080 And this person decided to walk up to our table and tell us.
00:43:52.880 We pray that there will not be any retaliation to this employee
00:43:55.640 and we've gone out of our way to hide this person's identity.
00:43:58.480 What you're about to watch is a raw video from the streets of Washington, D.C.,
00:44:02.560 out front of the Department of Transportation,
00:44:05.120 all inspired by a bottle of water poisoned in East Palestine.
00:44:14.020 Free water from East Palestine?
00:44:17.860 Sir!
00:44:19.300 Sir!
00:44:20.200 I saw that knowing glance.
00:44:22.160 That's why I'm right here!
00:44:26.760 I know, they kicked me out!
00:44:28.820 They did?
00:44:29.400 Yeah, they won't let me stand in front of the building.
00:44:31.180 I'd like to see him drink it.
00:44:32.520 That's right.
00:44:33.120 Why isn't he drinking it?
00:44:34.300 He has his own dining room.
00:44:35.440 Did you know he has his own dining room?
00:44:37.400 No way.
00:44:38.040 He don't eat with the plebes.
00:44:39.140 He doesn't eat with the rest of us.
00:44:40.360 Really?
00:44:40.720 He has his own dining room?
00:44:42.160 They have his own dining room up there.
00:44:43.940 We hardly see him.
00:44:45.000 He shows up just so like if you have a party or something.
00:44:49.100 And what they do is they come around
00:44:50.440 and they want to make sure there's enough people in the office that day
00:44:53.660 so that he has people to greet.
00:44:56.580 It's all an elaborate production.
00:44:58.940 Wow.
00:45:00.300 Unbelievable.
00:45:01.020 This building's three quarters empty.
00:45:02.580 These federal government buildings are all empty.
00:45:04.300 Yeah, that's exactly right.
00:45:05.800 And I lived in D.C. for a long time.
00:45:07.400 I'm aware.
00:45:08.400 You walk through it.
00:45:08.960 It's like a ghost town.
00:45:09.660 It's embarrassing.
00:45:10.820 Yeah.
00:45:11.360 I'm in Federal Railroad.
00:45:12.840 And we...
00:45:13.440 I don't get it.
00:45:14.220 Nobody panicked.
00:45:15.100 There's no scramble.
00:45:15.960 I was like, why?
00:45:16.960 Dude...
00:45:17.520 Why aren't we taking this serious?
00:45:19.120 Yo, I got to tell you.
00:45:19.980 We went there, you know, like right away.
00:45:22.300 And it was bad.
00:45:23.520 Oh, I'm sure it is.
00:45:24.580 On my own.
00:45:25.120 The eyes were stinging.
00:45:26.120 The mouth was stinging.
00:45:27.160 And we were seeing these little kids.
00:45:28.080 I'm like, man, this sucks.
00:45:29.080 And I don't care where you come from politically.
00:45:30.800 No kids should live like in a...
00:45:31.940 No, of course.
00:45:32.540 You know.
00:45:33.440 It's the hits.
00:45:34.200 Yeah.
00:45:34.580 Even like conservatives.
00:45:35.940 A lot of Republicans were like, where's the federal government?
00:45:38.140 I'm now on a project of handing out money.
00:45:41.040 Yeah.
00:45:41.460 We're supposed to be subjective or objective.
00:45:43.760 Mm-hmm.
00:45:45.200 They'll step in.
00:45:46.080 Well, we want this project because it's a blue state.
00:45:50.380 Oh, no matter how bad it is, they appoint these leaders of each group.
00:45:56.920 And then they make sure the money will be recommended.
00:45:59.880 That's how it works.
00:46:00.680 That it goes to a blue state, not a red state.
00:46:02.680 Right.
00:46:02.860 So you think this was politically motivated in East Palestine?
00:46:05.280 I think it was.
00:46:05.800 Yeah.
00:46:06.200 It was at this point that we couldn't believe our ears.
00:46:10.280 The Department of Transportation allocates money based on red states or blue states that
00:46:15.300 they straight up decided not to help East Palestine because of their political affiliation.
00:46:22.780 This was a county, of course, that voted for Trump by 70%.
00:46:25.440 So this was politically motivated.
00:46:27.520 And you have that directly from inside of the building.
00:46:30.560 This is shocking stuff.
00:46:31.800 But, ladies and gentlemen, this Department of Transportation employee wasn't done yet.
00:46:35.540 No, no, no.
00:46:36.100 The worst is yet to come.
00:46:38.460 Right away, they're quick to blame the railroad.
00:46:40.760 The railroad did everything right.
00:46:42.500 The railroad has permission.
00:46:44.180 It's the government that told them to blow it up.
00:46:46.520 I don't know if you know this, but years ago, they made a big plus about trains carrying these chemicals that go through these urban areas.
00:46:55.820 So now they reroute them through all these little towns.
00:46:59.600 Oh, man.
00:47:00.140 A lot of people, the press doesn't bring any of this up.
00:47:03.880 But I was here 20 years.
00:47:05.020 I know this.
00:47:06.060 They made it a point to reroute these trains.
00:47:08.100 So all these little towns, they shat these little towns, these trains go rolling through.
00:47:16.500 And yet they kill pipelines.
00:47:17.840 More stuff probably comes off the railroad than the pipelines.
00:47:20.680 Yeah, dude.
00:47:21.700 Railroads.
00:47:22.240 And the pipelines go through nothing.
00:47:23.540 You know, they don't go through tunnels.
00:47:24.420 I'll tell you this.
00:47:25.320 You didn't hear this from me.
00:47:26.520 Okay.
00:47:27.080 We're in the office.
00:47:28.220 They're saying the railments are down 15% since COVID.
00:47:34.200 But we know the railments are up.
00:47:36.640 They're trying to paint that picture so as not to bring the harsh light.
00:47:40.720 If you normalize it, there were less railroads running during COVID.
00:47:44.900 But they're just looking at the total.
00:47:47.100 There were fewer freight trains running because of supplies.
00:47:49.940 Oh, right, yeah.
00:47:51.760 So they're trying to say, hey, the railments are down.
00:47:54.740 Don't look at us.
00:47:55.660 But actually, we think the railments are up.
00:47:58.560 Because they're going off the COVID numbers.
00:48:01.260 Correct.
00:48:01.760 Of like lower trains.
00:48:03.440 Because if you normalize that, actually, the number per mile was up.
00:48:08.580 That's crazy.
00:48:10.420 And then Pete was saying, oh, look, they didn't have the brakes.
00:48:13.560 Trump killed this brake rule.
00:48:14.760 The brake rule would not have been applicable here.
00:48:16.840 Everybody has said that.
00:48:17.840 So it's political.
00:48:20.760 So it's political.
00:48:21.680 And now they're just trying to cover their asses.
00:48:24.140 Wow.
00:48:25.400 NS complied with everything.
00:48:28.700 But that's what I hear.
00:48:30.020 What blows me away as someone who's not, I don't consider myself particularly intelligent,
00:48:33.560 is that these people, look at this.
00:48:34.720 They say they're environmentalists, right?
00:48:36.660 But they ignore one of the largest man-made environmental catastrophes.
00:48:41.120 And, you know, you have the Alaska Pipeline.
00:48:45.360 I see pictures.
00:48:46.840 Alaska looks beautiful.
00:48:48.120 I don't see a problem.
00:48:49.980 Who killed that pipeline?
00:48:51.820 But these trains are rolling through Middle America, Terry, and all kinds of s***.
00:48:57.040 They just don't care.
00:48:57.820 Those people don't have any political power, right?
00:48:59.620 Yeah.
00:48:59.980 They don't have any lobbyists.
00:49:01.060 They're the deplorables.
00:49:02.120 That's right.
00:49:02.660 The deplorables.
00:49:03.680 That's right.
00:49:04.280 That's right.
00:49:05.020 They don't write press releases, you know?
00:49:07.440 Here's another one.
00:49:08.320 So, twice weekly, the regulation requires a human being to walk the tracks
00:49:15.840 or ride a vehicle over the track and look for defects.
00:49:19.120 Interesting.
00:49:20.200 That's the regulation.
00:49:21.500 Yeah.
00:49:21.700 So the railroads, about three years ago, said,
00:49:23.680 hey, you know, we can do that better with automatic inspection systems, computers.
00:49:28.380 On vehicles, they measure, they shoot laser beams.
00:49:31.200 It's a fact.
00:49:32.140 They capture information that's better.
00:49:34.940 Yeah.
00:49:35.160 This administration put a hold on all that because it takes away union jobs.
00:49:42.320 So now it's coming out that, hey, wouldn't have this enrollment maybe if it had been truck
00:49:48.080 caused, maybe an automatic system would have found that versus human eyes, probably.
00:49:54.000 That's how they do everything.
00:49:54.780 This administration is evidence for the labor union.
00:49:59.840 I won't make it up.
00:50:01.480 Dude.
00:50:01.940 I can tell you this unofficially, but that's how it is.
00:50:04.540 Man.
00:50:05.380 Listen, there are people who still believe in, like, the mission,
00:50:07.940 and it gets destroyed by the ambitions of bad men and women.
00:50:13.740 People are putting left and right.
00:50:14.640 People are leaving as soon as they can.
00:50:16.520 Wow.
00:50:17.580 Wow.
00:50:18.220 And we don't have a lot of money.
00:50:21.100 I see that the government's printed up a lot of money.
00:50:23.720 Yeah.
00:50:24.080 We hand out money left and right.
00:50:26.260 It's like, well, what are we doing?
00:50:27.440 Why are we handing these people, these big corporations, money?
00:50:30.760 I thought you were supposed to have an infrastructure bill or something, right?
00:50:33.000 A trillion bucks?
00:50:33.780 No, no.
00:50:34.220 It was money.
00:50:35.300 It's like, what are we doing?
00:50:36.620 Why?
00:50:36.980 Well, good luck.
00:50:37.780 If you're standing out here, you're going to be, you know,
00:50:42.060 Yeah, maybe it'll send Mr. Climate here.
00:50:45.460 A lot of people have been laughing at us.
00:50:47.840 Some people have taken the bottles of water.
00:50:49.320 I don't think they get the joke.
00:50:51.100 So, you know.
00:50:52.100 Hi, Benny.
00:50:52.660 Nice to meet you.
00:50:53.040 Nice to meet you.
00:50:54.240 All right.
00:50:55.720 Here's a summary of what we learned from our Department of Transportation whistleblower.
00:50:59.100 The Department of Transportation was cripplingly slow to respond to the tragedy in East Palestine.
00:51:03.880 DOT employees are humiliated by this, and they know why it happened.
00:51:07.600 The lack of urgency in East Palestine was purely political,
00:51:10.340 based on the tragedy being in a red state and not a blue state.
00:51:13.400 Essentially, the Biden administration viewed the toxic train derailment
00:51:16.320 as less important because of how these people vote.
00:51:19.480 Moreover, we learned the Department of Transportation allocates funding based purely on politics.
00:51:24.440 If the state is blue, it will get priority.
00:51:26.240 Red states get ignored.
00:51:28.340 The Department of Transportation prioritizes servitude to union jobs over safety,
00:51:32.160 holding back technology that might have prevented the train crash in East Palestine
00:51:36.100 and lowering regulations to appease union paymasters.
00:51:39.620 The mission of the DOT has become hyper-politicized.
00:51:42.480 It's making career appointees very nervous.
00:51:45.280 This hyper-politicization comes from the top.
00:51:48.060 Transportation Secretary Pete Buttigieg is not well-liked in the building
00:51:51.200 due to his absentee, weak, politically ambitious leadership.
00:51:55.040 Ultimately, under Buttigieg, morale is critically low inside of the Department of Transportation.
00:51:59.600 It's in chaos.
00:52:00.280 It is an empty building with employees looking for the door.
00:52:03.540 Now, this would be what you would call a whistleblower.
00:52:06.800 This would be why Republicans should immediately begin to subpoena people
00:52:12.560 from inside of the Department of Transportation
00:52:14.220 because clearly they're covering up something here.
00:52:17.060 And it's very, very bad.
00:52:19.100 People's lives are at stake.
00:52:20.720 The people of East Palestine may never get their town back.
00:52:23.960 They will never be the same.
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