WarRoom Battleground EP 285: Christopher Wray Subpoenaed For Hunter Biden’s Foreign Business Deals
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Summary
In this episode of the War Room, we discuss some breaking news regarding the corruption scandal involving then-VP Joao Biden and a foreign national, and whether this is the final nail in the coffin for the Biden regime.
Transcript
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this is what you're fighting for i mean every day you're out there what they're doing is blowing
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people off if you continue to look the other way and shut up then the oppressors the authoritarians
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get total control and total power because this is just like in arizona this is just like in georgia
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it's another element that backs them into a quarter and shows their lies and misrepresentations
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is why this audience is going to have to get engaged as we've told you this is the fight
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all this nonsense all this spin they can't handle the truth war room battleground here's your host
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stephen k bannon welcome back to the war room it's may 3rd year of our lord 2023 not quite stephen k
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bannon you got natalie winters sitting in for the remainder of today's programming but don't go
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anywhere we have a very packed show including some breaking news and we should have the one and only
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representative marjorie taylor green joining us shortly to talk about the bombshell news you've
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probably heard which has to do with then vice president joe biden a foreign national corruption
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some good old-fashioned pay-to-play politics if you ever look at the news cycle and the crazy policies
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coming out of the biden regime and you think it's almost like the chinese communist party is writing
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it for themselves or maybe ukraine it's another good contender well with some very very interesting
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documents that have been obtained or at least there's been a letter coming from the oversight
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committee chairman james comer and the senate budget committee ranking member senator chuck grassley
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writing to attorney general merrick garland and fbi director director christopher ray they believe that
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there exists a form an unclassified document that shows and this is a direct quote from that letter
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a criminal scheme involving then vice president joe biden and a foreign national relating to the exchange
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of money for policy decisions well joining to discuss this and more until we have representative
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mtg joining us we got the one and only mike davis lawyer extraordinaire uh can you sort of react to what
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we we have going on here break it down and talk about what seems to be the fbi and the doj running cover
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yet again this seems like time 1000 1001 uh running cover for the biden family
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yeah so my former boss chuck grassley as you said is working with james comer in the house and they have
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a whistleblower uh who has come to them and said that there is a document at the fbi there's an
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interview it's a document uh summarizing an interview where someone is alleging specifically
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that then vice president joe biden had a bribery scheme with a foreign national where this
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foreign national apparently paid biden in exchange for uh in exchange for uh policy uh outcomes uh that
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that biden helped deliver for this foreign national so if this is true this is going to be the end of
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the biden presidency i don't know how he can stay in office if they have if this evidence comes to
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fruition indeed i i joked i was sort of laughing with joe biden even though they say foreign national
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there's so many countries that could potentially qualify because we know hunter biden through the
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hard drive from hell but even publicly available information that that family has pursued business
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deals across really the entire world ukraine russia china iraq i don't think there's a country that they
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they haven't touched and tried to corrupt um but i'm just curious like you said you used to work
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uh for senator grassley we've obviously seen a lot of documents and subpoenas and letters on the fancy
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letterheads coming out of the house gop that this is interesting because you see the senate uh and the
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house coming together on this one um but i think there's probably a bit of fatigue in the war room
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audience because it seems like every day there's a new story there's a new bombshell there's some new
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document that's going to be obtained fine this is it right this is finally the one that's going to get
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the biden regime the biden crime family and expose them for what they are do you think that this document
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this story has the potential to actually be that final nail in the coffin or do you think it's just
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more boiler play from house oversight which as in the past you have been a critic of not you know firing
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on all cylinders as steve would say no i mean if look i work for grassley he's been the king of
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oversight for decades he in his letter it's actually quite understated grassley is a very thorough he's
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very methodical he's very careful and he's very dogged and so if if this whistleblowers allegations
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are true that there is evidence that then vice president joe biden took bribes from from a foreign
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national and delivered uh sold out american policy in exchange for these bribes i don't see how
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president biden can stay in office that would mean that not only is he clearly compromised but he has
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actively worked against the united states on behalf of a foreign national because he wanted to line
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his own pockets now again this is just one whistleblower coming forward uh so we have to
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we have to make sure that this evidence actually pans out but if this evidence pans out but joe biden
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cannot stay in office there's no way of course i think the buried lead of that letter is that
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it's not former vice president joe biden this corruption this pay-for-play politics happened at the
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time in which he was vice president which is when a lot of these business deals i'm sure people
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remember when hunter biden infamously flew on air force two to china in less than what was it two
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weeks i don't even think it was a full two weeks after the chinese communist party linked if not owned
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bank of china plows you know 1.5 billion dollars into a joint venture of which he was one of the managing
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directors of no conspiracies only coincidences but that might be a little too convenient but i want to
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talk about what else we have going on uh over at the hill you've been talking about how the house
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judiciary committee has been going after trainings uh for u.s marshals who basically stood stood back
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and stood by uh when it came to protesters harassing conservative supreme court justices over their
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stance on abortion it seems like there may have been some premeditation or some concerted efforts to
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make sure that these far left radical nutjob protesters uh were allowed to to do their thing
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in front of these these houses and and really wreak havoc uh in the suburbs of virginia uh can you sort
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of break down what's going on there at uh judiciary yeah it seems pretty clear that attorney general
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merrick garland and the biden justice department had a stand down order for these u.s marshals and so
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they could not make arrests of people who were illegally harassing and intimidating supreme court
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justices and their families outside of their homes you do not have the first amendment rights in this
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country to uh to protest outside of anyone's house you can't target a house under the first amendment the
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supreme court decided that many decades ago like 60 years ago and it is a you don't have a first
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amendment right to obstruct justice it is obstruction of justice under 18 usc 1507 to protest outside of
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a judge's home for the purpose of trying to influence their decision on a case and that's exactly what
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they were doing while this dobbs decision was pending before the supreme court and it's illegal
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what they're doing and the biden justice department had a stand down order apparently with the u.s marshals
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where they couldn't actually do their job and remember this almost certainly led to the 1 a.m
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assassination attempt against brett kavanaugh his wife ashley and their two teenage daughters because
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these u.s marshals could not follow this guy who was lurking outside of justice kavanaugh's home and the
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guy ended up going at going behind justice kavanaugh's home because probably because of the stand down order
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the u.s marshals couldn't couldn't tail this guy and so this is a dangerous game that the biden
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justice department is playing and actually it came from the biden white house as well because
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jen saki from the white house podium encouraged these protests that said that they had a first
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amendment right to go protest these judges which they absolutely do not have the right to do remember
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judge esther solace a democrat appointed judge had her 20 year old son daniel murdered and her husband
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mark seriously wounded because someone doxed their home and a deranged gunman showed up to their home
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this is a deadly game we had supreme court justices and their families they had to be moved to safe
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houses during this because they were getting so many threats and these protests these illegal
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obstruction of justice campaigns continue to go on even today and merritt marlin is not doing anything
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about it that's the tolerant left for you mike thank you so much for joining us i think we have
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representative mtg joining us right after we have a clip we want to play but mike before i let you go where
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can people find you and follow you and stay up to date on what you're working on thank you natalie
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it's article three project dot org article number three project dot dot org at article three project at
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article number three project on getter twitter truth and my personal is at m r d d m i a m r d d m i a
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and thank you again thanks so much all right if we can play i think we have a clip a bit of an
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emergency press briefing because that is where we are we are in the 11th hour we may have evidence
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at least from a whistleblower they claim that joe biden like we were previously discussing with mike
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is engaged directly in pay for play politics with a foreign national while he was vice president
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couldn't even wait until he got out of office to do it though we know hunter biden took no issue with
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waiting uh to make sure his business deals benefited himself and his family over the american people
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but if we can play that clip of mtg talking about this breaking news we'll play it for a little bit
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and then we have her live to break down what she's talking about hi everyone i wanted to come on here
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and give you some breaking news uh this just came out a few minutes ago on the oversight committee
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our chairman jamie comer along with senator chuck grassley has joined together and written a letter
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we are issuing a subpoena to the fbi director christopher ray and the reason why this is
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extremely important it is because there's a whistleblower that has come forward with very
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credible information that we need uh christopher ray's cooperation with and this information
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involves something that many people have known for a very long time in washington dc
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and that is of joe biden and his family members extremely corrupt financial transactions with
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foreign countries and foreign nationals well what we are asking for uh and have subpoenaed from the
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fbi director christopher ray is a certain document and the document is called an fd 1023 this is an
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unclassified form and this is a form that the fbi has in its possession with proof um uh and information
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that joe biden as vice president of the united states actually interacted with a foreign national
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and made a deal with a foreign national in exchange for money and the deal that he made was to make
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decisions as the vice president of the united states on foreign policy and he received payment for it
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this is these are crimes that are unspeakable um in in this time in our history but they're crimes that
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many of us have suspected i want to remind you i introduced articles of impeachment against joe biden
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on his inauguration day in january 2021 um on on january 21st 2021 the reason why i did so
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is we had credible proof and evidence and witnesses um of the biden's families uh uh unbelievable
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corruption with burisma and ukraine and our investigations on the oversight committee
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uh with the hard work with chairman comer um the hard work of our staff and our members on the
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oversight committee we have seen very credible evidence of proof of these unbelievable crimes i mean
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what a treachery and betrayal by joe biden when he was vice president and now he's president of the
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united states and you can see that our country is truly suffering the consequences of his act of his
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actions um it's it's my belief that what we will prove on the oversight committee through the hard work
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of our chairman our staff and our members is that we will be proving that joe biden must be impeached
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um because because of his crimes because of how his family has been involved in what appears to be
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true money laundering um in real pay-to-play uh actually transactions finance wow i think i think
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we have representative mtg joining us you know we should have listened to hunter biden when he was
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speaking in a pre-recorded clip during the dnc and he said everything we do we do as a family
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i guess that uh works with money laundering and corruption too uh mtg thank you so much for
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joining us it's an honor to be with you uh if you can sort of walk us through what you were just
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speaking about in that clip and what really differentiates this whistleblower this whole
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situation um as opposed to some of the other instances that we've had people come forward and
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really i would say indict or at least uh implicate the biden family and all all the family members uh in a
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lot of these corrupt business dealings what is unique about this case well this is where we are
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finding true proof linking joe biden uh exchanging money to make real policy decisions uh on behalf
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of the united states it's pay to play this is a true crime and this was joe biden when he was vice
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president of the united states let me go a little bit further this is something everyone needs to
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understand january 2021 of that that month on inauguration day i introduced articles of
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impeachment on joe biden because we knew we had direct proof from the from the laptop we knew about
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burisma we knew what tony bobolinski had told us we knew about all these crimes we knew they existed i
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introduced articles of impeachment on joe biden but now on the oversight oversight committee because we
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have real subpoena power we have the power to investigate and we have them power that we have
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the power to do what we're doing now we are calling christopher ray the director of the fbi to come before
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the oversight committee and bring with him a form fd 1023 it's unclassified right now but i bet you
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pretty soon it'll be classified and that form shows the proof that joe biden took a money payment from a
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foreign national in exchange for policy decisions while he was vice president of the united states
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this means that joe biden will be impeached and this is the evidence that we've under we have
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cut we have found out undercovered in only a few months a few months time we were able to do this
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thank god for the american people that voted to put republicans in the majority and give us the gavel
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so that we could have subpoena power to go after the the biden crime family and everything they have
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done to sell out this country it's a smoking gun and i'm just curious you know because the biden family
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has been engaged in business deals with basically every country under the sun right it could be
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ukraine russia china iraq who knows and if you're talking about not just joe biden but the entire family
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you just i mean increase the number of countries that they've done business with exponentially do
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we have any idea in terms of the time frame of this business deal what country they were dealing
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with my money's on china maybe ukraine since they've gotten a pretty favorable treatment from
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the biden regime as of late but do we have any kind of insight into what exactly this deal this pay for
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play what exactly at least on the pay side or even the play side uh what was exchanged
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uh we do know we do know the country and it's it's more than one um but i can't reveal that at this
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time we've we've got to work our process on the oversight committee but this is something the american
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people deserve to know about and i want to tell you i am so grateful for the dedicated work of our
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staff on the oversight committee i'm so grateful that jamie comer is the chairman of oversight and i'm
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also very grateful to senator chuck grassley um for working with this whistleblower and bringing
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helping bring him forward to help us have this information and i want to make something very um
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public right now this whistleblower fears for his life is fearing for his life so i mean i ask for
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prayers for this whistleblower uh prayers of protection um for his life and and all of his
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families life this is a person that is risking everything to bring forward credible real evidence
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and we have we've seen it we know it's real um that joe biden has actually participated in pay-to-play
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schemes and and the charges are going to be very big or at least they should be and i want to go a step
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further as far as hunter biden uh the american people deserve to know that on on the oversight committee
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now that it's under control of republicans we went in the treasury department and read the stars those
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are suspicious activity reports that the treasury department has held for years these aren't new
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they've had them for years and all of washington dc has participated in covering up the biden crime
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family and all the corruption and how they have sold american the american people out and american
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interest out all in all in the exchange for money they've gotten rich doing this for a very long
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time we have seen the evidence of human sex trafficking by hunter biden through his law firm
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we have seen the evidence of money laundering through fake llcs and shell companies we are gathering the
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evidence and and what everyone needs to understand this is a process we are going to work but we are
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committed on the oversight committee to diligently following the process and i am committed i've been
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committed from the time i came into congress knowing what was on the hunter biden laptop knowing the crimes
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that they that the biden family has committed and the treachery and the treasonous uh behavior of joe
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biden against the american people i'm committed to impeaching joe biden i will finish what i started on
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his inauguration day that's a promise it's not a threat it's a promise and i can promise you that we are
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developing thank god on the oversight committee and thank you to jamie comer our chairman and other people
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that are working so hard but we will be able to work as hard as possible and deliver this evidence for the
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american people it doesn't matter how you vote the american people deserve to see it
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i've got two questions but i think they're sort of uh two sides of the same coin a what are the next
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steps right what is the process and more importantly you know i know you guys had a real difficult time
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getting treasury to cooperate with you to get access to these stars i don't know if it was harder to get
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those or access to auditing all these election machines but when it comes to you know the fbi and
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the doj actually coordinating cooperating with you guys potentially turning over the document
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like you said they'll probably classify it they probably already have before this shows over
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um but have they stonewalled any of your efforts what does the time frame look like if they do or
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don't cooperate and what has your relationship been with them so far at least in in this matter
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well again now don't forget republicans have been in the majority only since january so we're just a few
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months into this and we have just subpoenaed christopher ray today now if christopher ray is
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an honorable man he's the director of the fbi and he owes the american people he'll bring forward the
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evidence we're asking for that we know exists he can't lie about it and he can't cover it up we know
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it exists um but as far as uh you know cooperation we've had decent cooperation but this is this is
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something that will will develop over time as we continue on with our investigation and our committee
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hearings um you know the american people we're going to ask for some patience because remember
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we don't control the senate we don't control the white house which means we don't control the fbi
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and we don't control the department of justice unfortunately joe biden does and that's where all of
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america is in danger the very family and the the the corruption um that exists and the man that we're
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investigating is the one in charge of the justice system in america and that puts all of us in peril
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um but but we'll see how it turns out uh as it continues but this is breaking news today now i also want to
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add this it's just been released hours ago that the department of justice is claiming they may be close
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to charging hunter biden well isn't it ironic that today of all days and they've had this information
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for years it is not new they have had it for years and years and years that suddenly they're talking
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about charging hunter biden with um tax you know tax charges gun charges uh based on what they've been
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investigating i think that's a slap in the american people's face and i want to say you know jacob
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chansley the so-called q anon shaman that they all attacked well jacob chansley was was uh charged he
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was prosecuted he served time and he's almost out of of being uh of his time that he was required to
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serve uh before hunter biden was has ever been charged and so the department of justice is going
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to bring forward these shiny object charges on hunter biden probably to lock down evidence that we are
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we are working hard to gather up against joe biden and hunter biden and the rest of the family members
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and it's not just joe and hunter and and joe's brother jim we're talking nine to 12 biden family
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members so the american people deserve to see the truth and and we really ask um that they support
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us in our investigation that we're working very hard on just got a few minutes left before we
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unfortunately have to let you go and i'm sure you guys in the early stages of the investigation
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the subpoena so if you can't answer it no worries but i'm sure the war room posse wants to know
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obviously a lot of the biden uh business dealings are often a family affair hunter biden obviously the
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most notorious and infamous leader the ringleader uh but in terms of this specific instance the one
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that has to do with the fd 1023 this whistleblower do we know which family members were involved was it
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just joe biden uh is there any other details about the situation that you can give us at least as of
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now yeah i can tell you right now this specific document that we're we're subpoenaing uh fbi director
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chris ray for is specifically linked to joe biden nobody else joe biden himself and it's based
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based on his what he was doing he was taking money from foreign nationals in exchange for policy
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decisions based on the united states when he was vice president this is this is an extremely serious
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charge and we are specifically asking for information uh linked to joe biden it's not hunter biden or
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anybody else this one's on joe biden for all the mainstream commentators that said it's unfair
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you're going after hunter biden well we didn't miss the forest for the trees because we know all roads
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have always led to joe biden mtg thank you so so so much for joining us if people want to stay up to
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date with you in this investigation the subpoenas where can they follow you they can they can follow
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me on all my social media sites um and we'll be releasing information as fast as we get it i believe
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the american people deserve to know thank you so much thank you for joining us as always thank you
00:25:24.700
well that's some uh some breaking news right there that we know this whistleblower report has to do
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a directly with joe biden and has to do not just with one country but multiple countries coming up
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against a break but don't go anywhere because we have ed dowd and todd bensman talking all things border
00:25:43.640
and all things bank got some nice alliteration there uh but in the meantime make sure you go to
00:25:48.640
warroom.org to check out the newsroom section there i just published a story talking about the world
00:25:55.220
health organization's new pandemic initiative don't confuse it with the infamous pandemic treaty
00:26:02.200
no this is one that they want to manage what they call infodemics if you spread too much
00:26:07.820
misinformation disinformation rumors and conspiracy theories well do you know what they're rolling out
00:26:13.220
and this is a direct quote social listening surveillance systems i'll say that one more
00:26:19.940
time social listen listening surveillance systems it's not even orwellian i think it's orwellian and
00:26:26.980
then some but it really shows you that these pandemics climate change whatever the public health
00:26:32.340
emergency is of the day it's always been about control and suppressing your ability to say what you
00:26:39.820
think and frankly suppressing people like you in the audience like rep mtg like myself because at the
00:26:47.140
end of the day what do we know we know that we've always been right and saying hunter biden's compromised
00:26:53.060
by the chinese communist party the covid vaccines don't work covid19 developed in the wuhan institute of
00:26:58.840
virology it's a tough day because we're always right we'll be right back after the break with more
00:27:05.060
predictions that we've been as you guessed always right on be right back
00:27:09.780
in my younger days i was a naval officer on a destroyer in fact i was the a-gang officer
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welcome back to the war room we're talking all things immigration now the show really packs it in
00:32:09.240
we like to cover really every corner and of course go down to our southern border our very porous
00:32:16.580
wall-less southern border at that joining me is todd bensman to discuss a pretty bombshell i know i use
00:32:25.220
that word a lot it probably dilutes the meaning but i mean it to its fullest extent in this sentence
00:32:30.380
because he put out a very interesting about 14 minute video which you guys should all watch
00:32:34.120
after this show showing how particularly venezuelans are trying to enter the united states under false
00:32:42.340
fraudulent and illegal pretenses claiming that they're coming here for economic reasons or they're
00:32:48.420
seeking refuge from who knows what but then in reality they're just economic migrants and the whole
00:32:54.100
you know mother and their children that whole narrative well that doesn't quite comport with
00:32:58.820
reality but as with immigration it seems like everything is always a lie including comprehensive
00:33:05.720
immigration reform that's their favorite term to use but joining us to break that all down is todd
00:33:11.240
bensman from center for immigration studies todd if you could sort of walk us through this report
00:33:16.740
that you've just put out about what's going on particularly with venezuelans down at the southern
00:33:21.860
border well venezuelans make up the the most voluminous group these days uh hundreds of thousands
00:33:30.580
across the border many hundreds of thousands are on their way we're all familiar with these uh scenes of
00:33:36.760
just you know hundreds and hundreds of venezuelans coming across right now they are all going to get
00:33:43.340
into the country on the pretext that they deserve humanitarian protection that they deserve protection
00:33:51.160
from political persecution back in venezuela where they have a notorious kleptocracy uh a dictator who has
00:34:00.560
ruined the economy the problem is that very few of these venezuelans are coming from venezuela they have
00:34:09.080
been living in colombia ecuador and a half a dozen other countries for five six seven eight years already
00:34:17.440
and chose only to come now according to interviews with me over the last couple of years because the
00:34:25.640
borders open to them uh we're letting them in uh many of them i have on record before any kind of
00:34:33.040
immigration attorney can get to them telling me that they love their lives in ecuador and colombia
00:34:39.300
they were prosperous they were safe uh they enjoyed a big community of other venezuelan expatriates
00:34:47.560
and they certainly were never persecuted uh the only reason that they're pulling the trigger now on
00:34:54.440
these journeys to claim humanitarian protection which all of them are doing is just because they're
00:35:01.400
getting in now and they want to have an economic upgrade a quick easy uh why not go to america they're
00:35:08.740
letting us in we might as well we might as well upgrade um and i just wanted to point out that if you
00:35:15.160
lie to a federal officer about where you're coming from and where you've been living and what what you
00:35:21.580
suffered uh that is a felony a federal prosecutable felony with uh up to five years in prison for each
00:35:31.720
charge uh but none of that's going to happen under this administration nobody is ever going to get
00:35:37.400
charged all those thousands of people that you see coming in were perfectly fine where they were living
00:35:44.820
sounds like a crime of opportunity aided and abetted by of course the far-left ngos that i'm sure
00:35:54.260
the biden regime is going to do nothing if not to crack down on they'll probably funnel them some more
00:35:58.740
uh federal taxpayer funds at that um but i'm just curious you had another interesting story you said you've
00:36:04.920
been working on which has to do how the texas governor uh is actually going after mexico trying to use some
00:36:12.820
unique interesting new points of leverage to maybe clamp down and and shut off this you know unending
00:36:19.740
flow of illegal immigrants no matter where they're from venezuela or otherwise sure well first of all
00:36:27.320
that last video is up at cis.org uh and so is this story too um about the venezuelans in the brownsville
00:36:36.560
matamorris crossing area in the very southern tip of texas you will see thousands of venezuelans
00:36:43.840
uh pouring across and presenting themselves for processing under humanitarian on humanitarian
00:36:51.040
grounds like i said before uh but the uh abbott administration for uh the republican governor of
00:37:00.160
texas who's often under a lot of criticism for not doing more and more and doing being more aggressive
00:37:07.660
about the illegal immigration that's in his coming across his state uh has come up with a fairly
00:37:13.780
interesting out-of-the-box tactic which is to shut down commerce from mexico the big leverage uh to be
00:37:23.480
able to do that as a governor and the way he's doing that is he's putting texas dps truck inspectors
00:37:30.800
to inspect 100 of every truck coming out of mexico for safety which essentially shuts down commerce from
00:37:39.720
the matamorris area the tamalipas state of tamalipas where a lot of this is happening and the reason he's
00:37:46.820
doing this is to be able to uh leverage the mexicans into shutting the immigration down on their side
00:37:54.220
something that the biden administration should be doing diplomatically the trump administration had
00:37:59.720
no problem using economic leverage to force the mexicans he threatened them with trade tariffs
00:38:06.160
uh just a few years ago 28 percent worth if they didn't shut it down and they did uh now a texas
00:38:13.280
governor is trying that uh in at one bridge where it's a really hot zone down there right now and
00:38:20.260
we'll see what happens now the abbott administration did do this last year about one year ago and he
00:38:27.860
forced four mexican governors to come to the table and sign security arrangements uh where they agreed to
00:38:35.400
shut down some caravans that were coming up break them up uh make sure that they don't get into texas
00:38:41.760
very hard to tell if that actually was successful i can't tell you that that is that it was successful
00:38:48.460
but i do know that the mexicans did mount tactical operations in all four of those states for some time
00:38:58.000
todd one more time if people want to watch the documentary the short documentary that you put
00:39:06.780
together uh from this if i'm not wrong it's footage of you down at the border actually talking you know
00:39:12.600
person to person mano a mano with uh people who are trying to enter the united states illegally and they admit
00:39:18.860
to lying about why they want to be here um if people want to watch that where can they find that again
00:39:25.100
right at center for immigration studies cis.org it's in the carousel and one of the uh main uh pieces at
00:39:34.200
the top of the website and yes uh most of that uh footage i uh all of that footage i shot uh their
00:39:42.920
interviews with venezuelans before any immigration attorneys can get at them and tell them what to say
00:39:49.180
and what not to say and i've been told from people who've watched this thing that it's just outrageous
00:39:53.960
uh because they're just acknowledging yeah we can come we do they told us we could come but i'm sure
00:39:59.240
going to miss ecuador uh i'm sure i'm going to get in they'll fix it for me i'll get under asylum
00:40:05.940
uh but i was never persecuted and i wasn't in any kind of danger uh that's what we're talking about
00:40:12.320
as donald trump said they're not sending their best i stand by that todd if people want to stay
00:40:21.320
up to date with you and what you're working on where can they find you uh that's right um i have
00:40:26.460
a twitter account bensman todd and i also have uh todd bensman at getter and uh t bensman at truth
00:40:34.220
social you can find me at all those places and todd bensman.com and one last thing is i did write
00:40:40.640
the definitive book about this border crisis that just came out called overrun how joe biden unleashed
00:40:47.860
the greatest border crisis in u.s history uh i think that book is incredibly relevant right now
00:40:53.860
especially as we go into uh the next phase of this thing which is going to be uh catastrophic in my
00:41:00.320
opinion thank you so much for joining us todd thank you we should have uh ed dowd talking
00:41:10.320
all things bank but more precisely bank collapse and if you guys saw the head one of the headlines
00:41:16.960
on zero hedge today was that the banking collapse of 2023 is now officially bigger than the banking
00:41:23.140
collapse of 2008 there's a very nice graphic that i saw on your twitter ed sort of mapping it out
00:41:29.880
showing you the sheer magnitude of the crisis that we're facing right now if the studio has that graphic
00:41:35.740
i'd love for them to put it up but if not all good there we go we have it you guys are already
00:41:40.520
better than denver no shade there but ed if you sort of want to walk us through what's uh what's
00:41:46.740
what's going in layman's terms i know you like to get in to the details but what exactly is going on
00:41:52.060
with this whole bank debacle yeah so basically in a nutshell the fed uh removed us from a 14 essentially
00:42:01.640
a 14 year zero interest rate environment to a 500 uh basis point uh rate hike in about 12 months and
00:42:10.900
so if you look at historically fed rate hikes it's the fastest uh sharpest increase in interest rates
00:42:18.020
uh on record i believe uh and so what that's done obviously is a lot of people have gotten used to this
00:42:25.260
14 year regime of free money and low interest rates and it caught a lot of banks on the wrong side of
00:42:30.740
uh of of the ledger and uh concurrently they're doing a a reverse repo program where the fed has
00:42:38.580
essentially become um uh the money market uh the money market uh provider of funds so there the money
00:42:48.640
markets have been attracting deposits from investors because the deposits from the banks didn't rise
00:42:54.000
fast enough so there's been simply a disintermediation of the banks as deposits go to higher rates
00:42:59.740
the fed is offering five percent uh on your money overnight with the fed and money market funds
00:43:07.240
have access to this reverse repo window and the fed has become 40 of the money market uh industry right
00:43:14.180
now so prior to uh the interest rate hikes the money market industry was at about three trillion it's at
00:43:21.680
five trillion so money's just been moving to where it's supposed to go to higher rates because the banks
00:43:27.040
couldn't raise their deposit fast enough because they were on the wrong side of the trade and here
00:43:32.420
we are and we have one bank after another starting to fail it's you know creating a lack of confidence
00:43:38.640
in the banking system so deposits move out faster and here we are and we had silicon valley bank
00:43:44.580
signature bank um now first republic and those three banks added together are asset wise bigger than
00:43:52.060
what happened what happened in the great financial crisis already now the biggest complaint about
00:43:55.840
that graphic that i got was it's not inflation adjusted but hey guys it's it's it's it's big
00:44:02.040
this is big and um today we had uh some interesting talk from federal reserve uh chairman powell
00:44:09.940
he raised another 25 basis points he actually this is interesting so it came out in the fed minutes
00:44:16.840
uh like a month or two ago uh like a month or two ago that um the the fed rate hike uh uh was likely
00:44:26.060
to cause a recession a mild recession in the fall and unfortunately uh fed chairman powell doesn't agree
00:44:33.020
with that staff assessment the staff are the ones who came up with that assessment he doesn't agree
00:44:37.760
with it and uh essentially he doesn't think we're going to go into a recession so that the bias is he's
00:44:44.480
probably going to keep us on pause or maybe even hike one more time the other thing that's interesting
00:44:49.460
is he mentioned the labor force the labor force is unfortunately tight he thinks it's tight because
00:44:56.600
we need to keep rates at this level to uh loosen up the labor force and um uh at finance technologies
00:45:04.700
we believe the labor pool has shrunk due to vaccines so the fed is reading the numbers wrong so here
00:45:10.100
there we have it well that sort of brings me to my next question if you if you zoom out right because
00:45:18.180
i think a lot of people watched covet 19 sort of through it seems like we may have lost ed well
00:45:24.780
hopefully we can get ed back up again but i was gonna say i think it goes back to what we saw happen
00:45:30.740
with covet 19 where the way things worked out whether it was the gain of function research creating a virus
00:45:37.260
at the wuhan institute of virology and all of a sudden the chinese communist party gets to weaponize
00:45:42.740
this virus to create a pandemic that not only boosts china to really attempt and rather successfully to
00:45:49.000
replace the united states as the leading global hegemon but also really i think reorient and
00:45:55.140
recalculate how we view public health and especially pandemic prevention here in the united states
00:46:01.540
all to benefit really to the benefit of the elites right the world economic forum the wef the who of
00:46:07.740
the un really this concept of global government and global governance and i think that might be and that
00:46:13.340
was what i wanted to ask ed about hopefully we can get him back up soon um but when it comes to fiscal
00:46:18.100
policy right he walked you through what the fed is doing we're talking about these bank collapses it
00:46:23.140
almost seems like the world that they're being that we're being that we're living in the policies that are
00:46:28.680
being enacted well it seems like they're sort of precipitating these crises and i know the world
00:46:35.580
economic forum likes to use the term polycrisis which is a little bit redundant um but i really think
00:46:41.960
it harkens back to sort of the covid narrative in other words it seems like all these problems that are
00:46:48.460
just popping out of out of nowhere aren't just cropping up out of nowhere it seems like the biden
00:46:53.220
regime is pushing policies to really exacerbate these problems in the first place and it wasn't
00:47:00.040
too long ago that the world economic forum had put up a blog post where they actually admitted that they
00:47:06.440
were committed to quote accelerating uh their 2030 agenda of the great reset and and really the the
00:47:14.540
whole new world order not it's not a conspiracy when they say it themselves but i think it goes back to
00:47:20.580
really the fundamental question of the biden regime it comes down to is it intentionality are these
00:47:27.800
people purposely destroying the united states or is it incompetence and frankly as someone who did a lot
00:47:34.760
of reporting into how the biden regime was staffed and all the way from the top from the joe biden types
00:47:41.580
all the way down to you know the interns at the department of agriculture there is so much chinese
00:47:47.700
communist party compromise and that regime that it can't be incompetence it is 100 percent with 100
00:47:56.580
percent certainty malfeasance going on when you see the policies coming out of the biden regime and
00:48:03.460
they're intentionally trying to destroy this country to the benefit of the chinese communist party
00:48:09.920
and of course their brethren and the world economic forum world health organization united nations it's no
00:48:16.360
secret that joe biden is probably the biggest supporter and not just signatory of the who's
00:48:22.100
pandemic treaty i think we have ed dowd back if we do ed i think so i always joke that it's either the
00:48:29.260
chinese communist party or big pharma but with you it's probably more likely big pharma or maybe it's
00:48:36.000
powell himself but uh only got you for a few minutes but i was just talking about you know is it
00:48:42.420
intentionality with these people right you're walking through uh at the same time the bank crisis
00:48:48.440
that we're having and experiencing right now but simultaneously the policies that the biden regime
00:48:53.360
is pushing to sort of precipitate if not really catalyze this crisis in the first place deja vu with
00:49:00.280
covet 19 right in the vaccines but do you think that the biden regime not if they're purposely trying to
00:49:07.080
enact this crisis but are they culpable for this right it seems like they benefit if they tank the
00:49:12.760
united states economy because then china you know hunter biden's business partners and the chinese
00:49:17.080
communist party well they benefit from that can you sort of walk us through if you think it's intentional
00:49:22.840
or if it's just incompetence so let me just finish what i was saying about the fed i don't know where
00:49:28.440
i lost you but fed chairman paul today uh when he was speaking said that he didn't agree with the
00:49:34.060
staff assessment the fed staff assessment that we were going to go into a mild recession so his bias
00:49:39.140
is that there isn't a recession coming so he's going to keep rates probably on pause to maybe slightly
00:49:45.520
biased higher and that's going to be a policy error he's looking at the labor market he mentioned that
00:49:50.440
our vaccine damage reports suggest that the labor market pool has shrunk due to vaccines so the signal
00:49:56.420
there is wrong uh and he should be easing now uh he's probably gonna um be very uh flabbergasted when
00:50:04.860
he sees what happens to the economy this fall we're predicting a recession as bad as the snl crisis
00:50:10.000
it hasn't gone systemic yet if it does we have problems in the after markets today we have pack west
00:50:16.740
down 50 percent uh that's a mere few hours after jerome parl speaks uh we have other banks dropping
00:50:23.760
precipitously uh as well and uh the market the futures uh market on the s p 500 dropped in after
00:50:31.160
hours as well to your point whether it's incompetence or intentional i don't know but let me just throw
00:50:36.440
this out there we have banks failing at an increasingly rapid rate you know first republic within seven weeks
00:50:43.820
of the uh fix they put in the bank term funding program now we have pack west and we have uh other
00:50:50.920
banks dropping precipitously we also have title 42 which you talked about earlier uh where we get
00:50:57.640
could get uh you know uh illegal aliens flooding the zone in unprecedented numbers and we just uh heard
00:51:04.180
uh reports of something going on in the kremlin so this could be a shock and awe uh coincidence of
00:51:10.660
events clearly it could be driven by incompetence or it could be you know a plan i'm not in the room
00:51:17.100
but it doesn't really matter we have a situation where we could see all sorts of events popping
00:51:21.720
off at the same time one of which would be an acceleration of a uh bank failures and a stock
00:51:28.040
market's finally waking up to the fact the economy is going to implode so it could be an interesting
00:51:32.640
summer in my humble opinion ed thank you so much for joining us and of course thank you for the
00:51:39.260
wonderful work that you did on covet 19 vaccine so i use that term lightly if people want to stay up to
00:51:45.360
date with you and all of your work where can they find you and what are you working on
00:51:48.720
uh we're at finance technologies uh spelled ph instead of an app all our uh data on the vaccines
00:51:56.400
is there as you know i wrote a book cause unknown the epidemic is some death in 21 and 22
00:52:01.280
uh i'm currently found on twitter at doubt edward and on getter at edward doubt it's a d-o-w-d this is
00:52:08.180
the last name uh we're working on raising capital for our hedge fund we feel like we've done
00:52:13.080
all the work on the vaccines and proven the case we will continue to update the data and follow the
00:52:17.800
trends but as far as we're concerned the matter's settled it's been a poisoning of five billion people
00:52:22.780
in our humble opinion thank you so much for joining us ed thank you warren posse for hanging with me
00:52:30.880
for this last hour remember we broke some very important news in this show one that multiple
00:52:36.560
countries were involved with joe biden's pay for play scheme and two forget hunter biden forget jim biden
00:52:42.440
forget naomi biden forget nat natalie biden all roads lead directly to joe biden sure mtg will
00:52:49.600
join the show soon to give us the latest on what's going on there steve will be back tomorrow 10 a.m
00:52:55.780
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it's private it's the way we stay connected and informed get it now take action action action use
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your agency folks let me tell you about salty it's a company that makes a soft gel supplement rich in
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antioxidants to help people like you and me keep a healthy heart while covid gets all the headlines
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it's important to realize that heart disease kills nearly 700 000 americans every year yes heart disease
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is the number one killer every year year in and year out heart disease builds over time hypertension
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high blood pressure bad cholesterol diabetes all of it affects our heart a healthy heart is key
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to being energetic as we get older it is never too early to take care of your heart you see heart
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disease sneaks up on us you can start in your 30s and when this happens you're at serious risk by the time
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you turn 60 if you want to take care of your heart and those you care about please go to war room
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health.com that's war room health.com all one word war room health.com use the code war room at checkout
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to save 67 percent of your first shipment that's code war room at checkout to save 67 percent and do it
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again war room health all one word war room health.com go there today you need if you're going to be part of
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the posse you need a strong heart you need a lion's heart how we're going to do that is with salty