WarRoom Battleground EP 340： Largest Increase ON Interest Rates ON Any Period Of Time
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Summary
On today's show, Stephen K. Bannon and John Thune discuss the impact of the June CPI report and the minutes from the Federal Reserve's June meeting, and the implications for the September meeting. They also discuss the Senate minority leader's near-death experience in a press conference, and Sen. Mitch McConnell's dramatic absence from the press conference.
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
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authoritarians get total control and total power because this is just like in Arizona this is just
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like in Georgia it's another element that backs them into a quarter and shows their lies and
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misrepresentations is why this audience is going to have to get engaged as we've told you this is
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the fight all this nonsense all this spin they can't handle the truth war room battleground here's
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your host Stephen K Bannon we haven't made a decision to go to every other meeting it's not
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something we've looked at we're going to be going meeting by meeting and as we go into each meeting
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we're going to be asking ourselves the same question so we haven't made any decisions about
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about any future meetings including the pace at which we'd consider hiking but we're going to be
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assessing the need for further tightening that may be appropriate you read the language to return
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inflation to two percent over time I would say that the Intermeeting data came in broadly in line with
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expectations economic activity remained resilient job creation remained strong while cooling a bit
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and the June CPI report actually came in a bit better than expectations for a change and the June
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CPI report of course was welcome but it's only one report one month's data we hope that inflation
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will follow a lower path as as it will be consistent with the CPI reading but we don't know that and we're
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just going to need to see more data so what are we going to be looking at really it will be the
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broader the whole broader picture and starting with we're looking for moderate growth right we're
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looking for supply and demand through the economy coming into better balance including in particular
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in the labor market we'll be looking at inflation we'll be asking ourselves does this whole collection
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of data as do we assess it as suggesting that we need to raise rates further and if we make that
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conclusion then we will go ahead and raise rates so that's that's how we're thinking about the next
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meeting and uh you know how we're thinking about meetings going forward potentially but you know
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we're now mainly thinking about the next meeting I will also say since we're talking about it
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um between now and the September meeting we get two more job reports two more CPI reports I think
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we have an ECI report coming later this week which is employment compensation index uh and lots of data
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on economic activity all of that information is going to inform our decision as we go into that
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meeting I would say it is certainly possible that we would raise funds again at the September
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meeting if the data warranted and I would also say it's possible that we would choose to hold steady
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that meeting we're going to be making careful assessments as I said meeting by meeting
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um and I'll close by saying we've raised the federal funds rate now by 525 basis points since
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March 2022 monetary policy we believe is restrictive and is putting downward pressure on economic activity
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and inflation moments ago um Senate Minority Leader Mitch McConnell had to be escorted away from
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the cameras after freezing in the middle of his opening remarks in his weekly leadership press
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conference I want to watch that moment and then we'll talk it's been good bipartisan cooperation
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okay Mitch anything else you want to say I'm sure let's go back to you do you want to say anything else
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to the press I want to bring in um NBC's Ali Vitale who's standing by for us um with this Ali he did come back
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minutes later to answer some questions do we know what happened not yet and he did come back and spoke
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with reporters was able to take questions one reporter asked him about that moment that you just played
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there concerning moment during his press conference as he was just a few seconds into talking with
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reporters as he does on a weekly basis here when the reporter asked him about that moment he simply said I'm fine
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and he moved on he spoke for the rest of the press conference in his normal somewhat muted tones but
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reporters who were around him before that moment happened it really was very jarring you can see the looks on the faces of
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senators around him including senator john thune who was standing just over mcconnell's shoulder
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senator john barrasso the number three republican coming over to him on the side as you showed there
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asking if there's anything else that he has to say to the press or if he just wants to go back to his office
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that's what happened in the moments after he left that press conference we saw senator joni ernst
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another member of republican leadership do the sign of the cross almost as if she were praying for him
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during a moment that could have been potentially scary but look this is not the first time that
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there have been questions about the senate minority leader we know that back in march he suffered a fall
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at a hotel here in washington leaving a fundraiser that left him out of washington for several weeks he was
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home recovering from a concussion and fractured ribs of course he's back in the capitol now and look
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when he walks around here we do see him sometimes walking with the help of aids his office we are waiting to hear
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if they have anything else to provide one of his spokespeople just said they'll get back to us but
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clearly they are meeting and trying to at least figure out how they're going to talk about this
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with the press but i think what's important here to note is that moment seemed concerning he was able
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to come back and continue talking to reporters during this weekly press conference yasmin
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okay uh wednesday 26 july year of order 2023 of course uh no one even when i left the white house
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uh with president trump i gave that interview in 60 minutes and said one of my the central reason
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for leaving was to bake on the outside take on mitch mcconnell and then paul ryan so no one's gone up
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against mitch mcconnell probably more than me but um senator mcconnell we uh obviously wish uh all the
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best on the health side and it's a it's an issue and here's why it's an issue right now in this city
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there are so many massive issues that are trying to be addressed um we have the nda we have the
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appropriation of all of it uh the senate is not anywhere near the house where the house is and
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over the next couple of days before they break remember these guys are taking off and not coming
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back till september we're going to try to have as many voices on here to talk about exactly where we
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are on like appropriations and the budget and money and also all these investigations since i've been
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doing this uh with andrew and really getting involved in this back i guess in 2009 2010 the tea party
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revolt i have never seen as many huge issues and as many constitutional crises as it is right now and
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this is all before remember we just had mike davis on here i think the thinking of the trump team is
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that president trump is going to be indicted again by jack smith and a federal grand jury here in
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washington dc the president trump and others they may just pick president trump's because they want to
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go quicker but that and fanny willis in a couple weeks so this is another massive crisis the senate and
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there's all types of uh discussion about where the senate stands and all these huge issues of spending
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in ukraine and the ndaa and particularly uh with these uh with these impeachment inquiries and
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investigations and the day as we just said it absolutely exploded in federal court and that
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doesn't even include the invasion of the border what happened today on human trafficking what happened
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today on fentanyl in these hearings uh senator mcconnell and it's a pretty open secret ever since
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he had the fall in march he took so much time off remember this guy
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is not a guy that takes time off if you watch house of cards they really predicated much of the
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character of kevin spacey and the deviousness and but the 24-hour day maniacal focus on senator mcconnell
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uh if you're an ally or you're an opponent no one's ever said that mitch mcconnell is not on this
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is his life and he's a wheeler dealer right now uh and you can see right there and you've noticed it
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and i've actually talked to people about it when he's come uh to the microphones before the last
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couple weeks until that's not the mitch mcconnell that people know there's been a hesitancy when
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he's addressed the senate there's been a hesitancy uh you see he's lost a step there's something going
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on health wise and then today was quite shocking i mean when joni earns who i think is a army major
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or colonel when she's saying the sign of the cross and uh barrasso and john thune are coming to his
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aid and say hey let's go back and remember he did come back he did make a couple of statements he did
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answer questions and he appeared to be at least the new norm for mitch mcconnell but there's something
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definitely going on and this is exactly the moment when you need everybody on uh everybody on on point
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uh everybody on point uh particularly in the senate because we need so much maneuvering on all these
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bills you're gonna need everybody on point to have really a crisis in leadership to add on top of
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everything else that's going on so we will monitor that closely but clearly senator mcconnell
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uh is uh is senator mcconnell's ill you can tell that he would not a fighter like that would not uh
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would not just sit there and freeze and if you saw him and particularly for the audience that have
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older parents right you've seen that you've seen those types of things happen happen before so
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uh we wish him the best um as he goes through this personally but also in addition you know there's got
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to be some discussion over there because sherman these guys are plotting non-stop and this thing's
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going to get to a level of intensity particularly on the appropriations bill and everything is going
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to go on that this is going to be a uh we don't want this to be a bigger train wreck than it is now
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um think about it there's so much going on today and we had to lead the six o'clock hour
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with what happened uh with the federal reserve he made a point 525 base point i think it's been the
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greatest rise and quickest rise in interest rates it's been the it's been the highest interest rates
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in 22 years but that kind of misses the point the point is and if i get my ever crack team to give me
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a clock here i could really get the focus you know sometimes these guys take a day or two off you got
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to retrain them it's like when i was in the navy take the weekend take the weekend off you got to
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retrain there we go i got my clock i'm happy i have a clock um cnbc had a very good article today
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and i think we've gotten it to memphis and we can get this article up and talk about the structure of
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interest rates this is one of the things we've been talking about for a long time it's not simply
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the say it's the highest rates in 22 years also misses the point here's the point
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in 2008 and if we just keep that if we just keep this up and maybe scroll but i want to keep it up
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and maybe scroll up and then go back to the top and do it again and i want everybody if grace and
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captain bannon uh can get this out and of course carly bonet and the people over at our telegram
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the official site uh that run it i would like this article to get up and i want people to read it it's not
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a long article but it talks about the structure of interest rates the structure of interest rates
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this goes and talks about the elites in this country
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in 2008 having a crisis that came up in 2008 that's great now we're gonna my clocks my clocks open but
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there we go right there we're gonna get this down um we went to negative interest rates when i say
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negative interest rate they took the interest rates to zero and what this article brings up is
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that we spent years almost you know over a decade at zero interest rates virtually zero interest rates
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essentially free money that will never happen again even if we have another crash i don't think the
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central banks i don't think people are going to allow that to happen again because in in going to
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zero interest rates they made a conscious decision to save the system and to save the system on the
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back of working class people don't take my word for it i'm gonna give you some receipts
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christopher leonard in that amazing book the lords of easy money which we told you about many many times
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goes in because remember minutes of the federal reserve are secured for 10 years now why is that
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this is nothing they don't trust the american people hell they get they get uh they get alien space
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beings and alien technology and they've had it for 50 60 years and they want to keep it under wraps
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they keep the the minutes of the federal reserve under wraps why they should be transparent the
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minutes should come out that day they say well people have you know confidence show they can talk
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they should be able to talk freely in those minutes in the crisis of 2008 and 2009 and remember
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this is both a bush and then obama obama just exacerbated it it was the bush regime junta that
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kind of brought it on they went to negative interest rate and dick fisher is president of the federal
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reserve in uh in dallas he said if we do this you're going to bail out the wealthy on the backs of the
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working class because there won't be any chance for capital formation there won't be any chance for uh
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there won't be any interest paid on the money market accounts won't be managed paid on the
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checking accounts there won't be interest paid on savings accounts and so the little guy's never
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going to have a chance to kind of get any interest get any any any capital besides the money he can
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barely scrape by and save himself and they said yeah well okay we hear yeah and yes that's a problem
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but that's a secondary problem we got to save the system the greatest concentration of wealth this is
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when the one percent really became a thing okay the one percent really became a thing and it and it and
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it led to this massive concentration of wealth and they did it two ways zero interest rates and also
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quantitative easing this is where the balance sheet of the federal reserve had 880 billion dollars i think
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it was september 17th of 2008 that the crisis with lehman and when president trump the day he took the oath
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of office it had i think was 4.5 trillion dollars 4.5 trillion dollars on the balance sheet of the fed
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they had they put liquidity in the system but by doing that use their prime brokers and the hedge funds
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to do it these guys are making money and propping up the propping up the asset classes stocks bonds real
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estate things that the working class people don't really have or have access to
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since that time it's the 500 this has been the greatest increase i think in interest rates
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in a rapid period of time the only other time i can think anything even happened closest was when
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volker when they had this stagflation last time they had stagflation back in the 70s volker was
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the head of the federal reserve he went over to the oval office which is a little bigger occurrence than
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it is now now it's like oh the federal reserve the fbi justice department you can never talk to
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him that's not like it rolled in the old day volker went over for a meeting and he had i think
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hamilton jordan jody powell and they had carter with the cardigan sweater and they're talking
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and this thing's in the middle of a stagflation you got the guns and butter and the economy's all
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messed up you got the air bowl embargo jimmy carter's you know upside down a thing and volker
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just listening you know he's a six foot nine guy and he always smoked those cheap cigars and they're
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smoking the oval office but he's smoking cheap cigars listen just listen to these guys what they're
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going to do what's going to happen he left he went over i think boom i think he hit him with like a i
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don't know three four hundred basis point hit that afternoon raise rates to choke it down
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what happened here is because of the spending the supply chains problems brought on by the ccp
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because remember trump in 2019 had this thing kind of worked out we had economy hitting all
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and look i was not and people know and president knows he and i would have these discussions all the
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time i was not a total fan a fan of his total package on the tax cut i thought the company
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should have to have on the repatriation of cash they should be if they're going to do stock
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repurchases they're going to play financial games that doesn't count if they're going to play
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financial games i'd love what it's doing i got to do these monologues i decided to do monologues no
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guests afternoon and at this time the technology i get my clock going up and down i get my thing but
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that's okay we got it we can handle this it makes it even more you know it's like
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it's zen i gotta like focus on this while i'm doing this
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president trump you know the tax cut the but the economy was totally hitting it in in 2019 by that
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fall of 2019 and particularly christmas 2019 was like the right before the ccp hit us with the
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bioweapon the 525 basis points have come because the supply chain issues the pandemic all of it and
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particularly this massive spending this keynesian just infusion of cash and remember we talked about
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if you guys remember from war in pandemic right i talked about hey you're gonna have a massive drop
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in uh in aggregate demand remember that and we're gonna have to bridge that you're gonna have to have
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and president trump put one of those in pelosi blocked the second one but you're gonna have to have
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kind of scan a keynesian stimulus to bridge that unique drop in in aggregate demand you're gonna have
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to do that what biden did was beyond the aggregate demand was coming back biden all these programs
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this additional five six seven trillion dollars is is and we said this back you know navarre myself
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brad all of us said it this is going to cause tremendous inflation it has and now to choke it
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down they're they're popping rate and today he popped it popped another 25 basis points and he said
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i'm gonna do it again in september unless i can get real data that shows that we're slowing prices
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down and they're pretty upfront about they're they're slowing down the economy and they mean to
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slow down the economy to take care of inflation particularly corn inflation the one meeting he
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didn't mention in this he says yeah we got all these things i've got two more job reports in this
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report it's i think the jackson hole meetings are going to be in august the jackson hole is where a
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lot of the central bankers come together and have this big confab a federal reserve with a bunch of
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fat cats come out there a bunch of big investors big hedge fund guys and they really have i think three
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or four days of of sidebars and in presentations and breakout sessions the types of things you see
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when you go to conferences that jackson hole meetings and we're going to get to this we're
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going to cover this very closely in august because two things are going to happen in august you're
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going to the jackson hole meetings with the central bankers and they're going to walk through where
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this economy is going because remember europe's in a recession right now germany's in a recession right
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now england is is on a is in a mini recession where's the world going the ccp and they lie
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about every number they lie about every number they're in a recession how's the united states
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well hey it's quite simple we're still having a massive keynesian infusion why let's go back and
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connect the dot because kevin mccarthy gave him 15 trillion dollars to spend remember two budget cycles
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two budget cycles 15 trillion dollars with no cap on what the deficit could be this is a keynesian
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supercharge now that could be four it's modeled at four it could be five or six trillion dollars talk
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to russ boat and these guys he'd go anywhere particularly if the economy slows down we've
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already added a train since they passed the deal why is that wait for it lower tax revenues where's the
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lower tax revenues can come from particularly capital gains tax particularly capital gains tax
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so while this is all going on you've got also almost at the time of the jackson hole meetings
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what else do you have this is not random this is not random there are no coincidences
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you have the durbin uh pact or the durbin accords what we've been talking about with birch gold that
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the alternative currency and paul prigman these guys are are absolutely incorrect we're not saying
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that that's going to be a viable alternative for the dollar day one but it's the first time that
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they've been self-organizing why they've been self-organizing because of what pal those guys
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are doing but particularly particularly the drop in purchasing power this is what has the united
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states and this is why every night they're on msnbc and cnn and said i don't understand the economy's
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in such great shape why is biden not getting more credit why are people not singing high hos on this
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he's not selling enough he's not selling his infrastructure program enough he's not selling
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this enough he's not out there making the case no their lived experience you don't have to tell
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that you can't sit there and tell american people it's fabulous this thing is great you should be
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thankful can we throw more money your way they know it's not their purchasing power is going down
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the core inflation and that doesn't include what energy and rent the lived experience of their lives
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is a fiasco right now they get that now the difference is they don't have the power
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they don't have the power right now to do anything about it but the people in the brics nation brazil
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russia india china and south africa do and what they're saying is that hey two things number one
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we've seen how you use economic warfare to go after the russian central banks which you didn't do to
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the nazis and we saw what you tried to do the ruble that you didn't do to the nazis and the deutsche mark
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and we saw what you did in sweeping all the risk cash reserves the federal all the central banks
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just swept their cash through the united states we have them now russia you kept
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billions of dollars of uh billions of dollars of uh of um of reserves with us we just swept it and took it
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which you never did to the nazis or never did to imperial japan but we did it and they cut
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off the swiss system and look i'm a i argue all the time for economic warfare economic warfare is
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unrestricted warfare and we should be doing it ccp's doing this but you can only use these weapons
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at certain points in time and you must come in and they must have an impact you can't play namby
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pamby and that's what the biden regime did and so these guys saying you got the swiss system we want
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to get off that we want to be able to do transactions you've got this we're hooked we're addicted to the
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dollar if you do a drug deal in thailand or if you give to a monastery in uh in nepal everything's
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transacted in dollars eventually you convert the dollars to do it they want to get off that
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in the ccp who's the brains of the operation and back all this are organizing these people
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including people used to be our former allies like brazil now with lula like india with modi
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modi is is still a a huge ally of the united states but the the circumstances of course even the
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the simple circumstances of saying hey your elites are irresponsible your elites run this run these
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massive deficits and the only way you can do it is because your export is is the dollar it's the
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prime reserve currency we need to have that that's why you can keep doing it if we if we stop being
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the prime reserve currency we'd be like argentina and they know that and they see i think it's been
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a 17 decrease in purchasing power uh just in the last uh 24 months of when biden's taking office
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17 17 and they're not going to tolerate it anymore go to birchgold.no we started two years ago with
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philip patrick the team to talk to you about the um precious metals and particularly the end of the
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dollar empire this is another one of my call chats i said this is going to happen because these folks
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you know i went to hbs they all went to hbs they got people went to stanford and sloan and and uh
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into university of chicago and wharton school they got plenty of bright people london school of economics
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they got plenty of bright people and they all got the hb12c they can all do discounted cash flow and
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they're not going to sit there and just take it particularly when they have this thing called
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natural resource when they have the wheat and the coal and the tin and the oil and gas they're not
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going to take it and that's where we are today the structure why once you read this this uh this cnbc
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article talks about the key thing is not the just the it's as i tell people it's never just the point
00:25:05.400
it's the slope young analysts or young people when you work in an investment bank you train them it's
00:25:10.540
about trends it's about directions about momentum it's about where's things going it's not simply
00:25:15.400
the point on the chart it's the slope and here you have something the rest of the world's just tired
00:25:22.000
of it and what they show there what the cnbc article talks about is the structure your credit card your
00:25:27.600
mortgages everything used to be at zero it's exploding in the in the lower down the food chain you are but
00:25:33.060
you still have credit it's going to explode more this is going to be a central issue
00:25:38.400
because even the jobs are talking about the the besides the misrepresentation the inflation is
00:25:45.080
higher than the wage increases so you're losing money the harder you work that is patently unfair
00:25:52.340
but and they're all talking right now you hear the guy at the yale school of management they're all
00:25:59.580
talking about this is the greatest thing since fdr the greatest government intervention since fdr
00:26:03.640
for the elites it's working out pretty well for the uh the working stiffs uh that would be you
00:26:13.220
maybe not so much okay we're gonna take a short commercial break on the day the interest rates
00:26:19.820
went up to the highest level in 22 years and the quickest rise i think since at least paul volcker
00:26:24.760
we found out their federal government it's got alien aircraft and maybe a couple of three aliens
00:26:31.140
how's that set with you and of course they ain't telling congress or anybody about it
00:26:37.640
short commercial break we're gonna be back in the war room in just a moment
00:26:41.580
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two million encounters and releases under your watch so not including the title 42 expulsions
00:32:05.220
not including violent criminals of those two million plus that you've encountered and released
00:32:11.780
how many have you told to go home um congressman uh individuals who are released are placed in
00:32:18.920
immigration enforcement proceedings under the law where they can make their claim for relief
00:32:23.900
if their claim for relief is not satisfied they are subject to removal from the united right subject to
00:32:29.560
removal sounds very different than actually removed so i'm not interested in the process i'm not
00:32:34.420
interested in what people are subject to two million people encountered and released not the expulsions
00:32:41.020
under title 42 not the criminals how many of those people have you deported
00:32:46.320
so congressman a few points number one just how many of the people i just want to know how many
00:32:51.920
just a number congressman we are dealing with a completely broken immigration system i get it
00:32:57.760
no no mr secretary i'm not gonna let you burn my five minutes do you know the answer do you know
00:33:01.460
the number of people out of that two million that you've removed that aren't criminals i do know
00:33:05.660
that we have removed more aggravated felons right i'm not asking about them i've caveated that away
00:33:11.920
because here's what i'm sort of getting and what your non-responsiveness is demonstrating
00:33:15.900
the mayorkas doctrine is this if you show up at the border and get released into the country
00:33:23.460
if you don't commit a specific aggravated felony which by the way doesn't include a lot of assault
00:33:28.920
and battery doesn't include a lot of bad domestic violence but if you're not one of the people who
00:33:33.720
commit those crimes you get to stay forever is is that a fair characterization of your doctrine
00:33:39.220
no that is then tell me how many you're sending home no that is false okay well but you don't know
00:33:44.100
the number of how many you've sent home here's another number two point i'm sorry 1.2 million people
00:33:49.680
today have been through your entire process right they've been through what you call a removal
00:33:56.040
proceeding is just an amnesty dance because after the 1.2 million people get an order from the judge
00:34:02.340
saying that they don't have a basis to be here you still don't remove them like what's your plan to
00:34:07.120
remove those people congressman that is false okay what how many of them then just give me the number
00:34:12.820
congressman in this country in this country there are between 11 and 12 million right but i'm asking
00:34:21.820
about a subset that you won't send home and the reason you're smirking about it and the reason you
00:34:26.380
won't answer my question is because everybody gets the joke and the sad thing is it's not just us here
00:34:31.220
it's the cartels who get the joke too and so now what you've done to execute this mayorkis doctrine
00:34:37.660
where so long as you don't commit a crime you get to stay here and burden our hospitals burden our
00:34:41.460
schools burden our social services burden our jails you've sent the message to the cartels and then
00:34:45.960
you've taken this app and you've digitized illegal immigration and you've scaled it to the moon like
00:34:52.440
this app that you've got everybody downloading is like the disney fast pass into the country never
00:34:57.400
to be subject to actual removal just removal proceedings as you call them that app doesn't
00:35:02.420
do any search of their criminal history in their home country does it congressman i i disagree with
00:35:07.460
everything you've said i'm sure but just answer the question does the app that you are out there
00:35:12.160
promoting do any search of people's criminal history in their home country congressman
00:35:16.600
customs and border protection screens and vets individuals whom they encounter your app it either
00:35:22.400
has the functionality to test their criminal history in their home country or it doesn't by the way if
00:35:27.200
it did you'd have already told me it doesn't and then the other epic failure of this that's empowered
00:35:31.620
the cartels is that in these processing centers you've set up in other countries to just wave them all in
00:35:37.780
at a rapid pace you've had to shut them down in nuevo laredo because the cartels were standing
00:35:43.900
outside extorting people isn't that right congressman that is false oh really so why did you shut down
00:35:49.200
that facility in nuevo laredo and the point of safe orderly and lawful pathways is to reduce the number
00:35:55.760
of encounters at our southwest border but but wait a second you've been you what you've just shifted
00:36:00.300
those encounters because right now for the first time in modern history more people are showing up at the
00:36:05.460
ports of entry than running through some bush in yuma arizona and the reason they're showing up the
00:36:11.500
ports of entry is because you've got the turnstile open where so long as they've gone and downloaded
00:36:16.580
this app you just let them in i got one final question for you it's an important one is mexico an ally
00:36:21.700
in this fight against illegal immigration uh yes it is so i mean it's hilarious and somewhat troubling
00:36:28.880
that you say that because like i'm looking at the el chapo trial where president nieto took a hundred
00:36:33.820
million dollar bribe from the sinaloa cartel do you think that the subsequent presidents following
00:36:39.040
nieto weren't offered a bribe by the cartel or didn't take the bribe congressman i i disagree with
00:36:45.120
everything you have said uh right but you can disagree all you want but what you won't provide
00:36:50.600
is any number and when when you sit there and just kind of ostensibly disagree without any facts
00:36:55.800
it shows people what the real gig is the mexican government is captive to the cartels they are doing
00:37:02.020
the bidding of the cartels and based on your response today so are you
00:37:05.820
matt gates let me think about if you didn't have gates and a couple of these fire breathers
00:37:14.320
right there just incredibly intense questioning and wanting to stick to facts and this is my yorkus
00:37:21.820
just look at the arrogant smugness later uh we'll try to get todd benzema on tomorrow todd had a
00:37:28.720
flight back but todd's um uh testimony was incredible and todd said right there and my yorkus
00:37:37.700
just agreed there's 10 to 11 there's 10 to 12 million illegal aliens in the country they come
00:37:43.400
on die my yorkus just agree with that number which the number is much higher but let's just take that
00:37:48.080
as a base benson builds off that and says you got another six to eight million just on biden's watch
00:37:53.160
this is the invasion of the southern border and right there gates strips away all the lies and
00:38:01.560
misrepresentations that they talk about in trying to oh yeah well there's fewer encounters it's all bs
00:38:08.300
they've there is todd benzema laid out and told us about months before it ever came out
00:38:12.900
what you have is just a an industrial level processing now think about that for a second
00:38:20.000
we had tom tiffany on the previous hour that the united states government is complicit in the
00:38:27.700
largest human trafficking operation in the history of the world you're a tax dollar people in here and
00:38:34.700
the major part of what's being trafficked in the human trafficking are women and children and i mean
00:38:43.300
small children for as carrie lake calls it rape and torture
00:38:49.340
they had sound of freedom last night and i heard when it was finished you could hear a pin drop
00:38:54.800
they had i don't know 50 60 congressmen over there and they're circulating a bill to stop this
00:39:00.720
president trump has said that you got to start bringing the death penalty not for just drug traffickers
00:39:06.580
but you have to bring in for the human traffickers
00:39:08.500
i think you have to go one level higher in that and that for the pedophiles the demand side of the
00:39:14.280
equation not the supply side but for the demand side of the equation
00:39:17.340
and think about it for a second it's 150 billion dollars a year business globally on a global basis minimum
00:39:25.480
you want to have some witnesses this is one of the things that in delaware is so important today that
00:39:32.320
they blew up because it was so obvious what they're trying to do in a liberal left-wing
00:39:37.140
federal judge called it out this was to give hunter really as mike davis later immunity
00:39:44.900
for everything a big part of the immunity is guess what what is it the trafficking of women
00:39:51.680
as nancy mace and lauren bobert and others have told you they've schlepped over to treasury to look
00:39:58.000
at the sarge report the thickest file the file that's that thick the file that's that thick
00:40:03.000
is the file on the on the wire transfers for the trans the trafficking of women from they said
00:40:09.740
ukraine russia primarily maybe other places in europe or whatever that's what i think that they
00:40:16.020
ought to be the first people call let's get it all the names and let them sit in front of a mic and
00:40:19.800
have open q a in front of the nation let the nation see the feral dogs that are the biden crime family
00:40:25.620
they're just going to sit there and laugh in your face i just want you to understand this what
00:40:31.320
mayorkas did and they're talking about hey we don't have time to to impeach mayorkas i think we
00:40:36.760
got plenty of time i think we got i think we got time to take biden garland and mayorkas and let's
00:40:41.520
throw in chris ray put people to work guess what even take your six-week break and have your staffs
00:40:48.720
they don't need six weeks off have your staff start doing work on all of it and boom start to start
00:40:53.560
the inquiries and all for them when they get back you're sending a you're sending an incredibly
00:40:59.020
powerful message do you know how um how frustrating it must be for gates every day to sit there and
00:41:06.920
have to hammer them and then you know half the guys up there give them a cat bath think about it
00:41:14.540
and think about that smugs think about the smug responses mayorkas and they're all lies
00:41:21.100
they're provable lies he can come up with one number he's not going to do it
00:41:24.260
let's play i want to play and this i tell you what you guys pick it let's go back i want to go to the
00:41:32.220
hearing so okay first off another interest rate increase the structure interest rates are now over
00:41:39.000
five five hundred basis points five twenty five he says hey after we do these other data comes in in
00:41:44.140
august september and after i have the unspoken word the jackson hole meetings central banks get
00:41:50.500
together i may do it again but the structure of interest rates are not coming down anytime soon
00:41:55.360
and so american working class people whose wages are not rising anywhere near that and now with ai
00:42:01.380
you're going to start having i think big layoffs particularly in the creative in the uh in the
00:42:06.120
software industry you're going to have to live with these interest rates for a while because they
00:42:12.720
and we've got this now i think a firestorm a con a constitutional crisis with mitch mcconnell
00:42:23.020
unfortunately even if we're opposed to him you say this as a human being unfortunately
00:42:29.380
it looks like you know quite impaired and somebody i start putting his interests and personal interests
00:42:35.560
ahead of just getting things done because we have a crisis this is going to be quite intense on all of it
00:42:40.660
the spending the fight over geopolitics and the funding of the ukraine war all of it very intense
00:42:47.240
and now you've got the southern border you have fentanyl the fentanyl thing was amazing and we're going to
00:42:52.400
get more of that you heard tom tiffany we're going to get more of that we get bensman up here tomorrow
00:42:56.440
but i want to play quite frankly this extraordinary here's the point of the ufo and the reason we
00:43:04.480
highlighted so much and took so much of a live it's quite simple this gets what trump said the
00:43:11.080
biggest problem we've got is the the existential threat the american people is the administrative
00:43:16.400
and deep state now i say it's the chinese communist party but they're a close second
00:43:20.780
because i think they're mainly more in cahoots with the ccp than they are defenders of our sovereignty
00:43:27.340
and they're clearly not defending your sovereignty on the southern border you see it every day
00:43:30.720
but this thing was so shocking today in the dismissal for for 50 years or 60 years or longer
00:43:40.140
the one guy says in the 1930s of the consent of the governed this shows you in high relief and
00:43:48.380
particularly as they get into skiffs and get more classified information which i think ought to be
00:43:52.300
declassified immediately it shows you not just the lack of interest the contempt that the
00:44:00.420
administrative state holds the american people they don't think they think your children they
00:44:06.340
don't think you can handle this information that oh society would break down no no the american people
00:44:11.340
will be fine trust me they came over here from nowhere they went across in a primordial uh primeval
00:44:16.780
forest and uh and then across a uh a barren plain and uh and created the greatest nation in the
00:44:24.020
history of the american people will be fine there would be just fine when you can let them know
00:44:27.720
everything just just release it all and today you heard the pushback on that these guys are
00:44:33.340
whistleblowers that came forward they talked about the intimidation they talked about the careers being
00:44:37.200
destroyed they talked about you know when gates asked the question so many navy pilots you want to end
00:44:41.240
your career uh you know you see one of these uh tic tacs go and fill a form out you're just going to say
00:44:46.680
with your with your nfo hey maybe you know let's not do it they're not serious about covering they're not
00:44:53.080
serious about finding out that the bomb is just going to hurt it's going to get into a number of boards and i'm not
00:44:56.740
going to get promoted so i'm not going to do it so go ahead we got we've got a few minutes here uh
00:45:01.980
left i want to make sure that uh let's go ahead and play randomly play the next we got so many great
00:45:07.060
ones let's hit it several months ago my office received a protected disclosure from eglin air
00:45:12.500
force base indicating that there was a uap incident that required my attention i sought a briefing regarding
00:45:18.660
that episode and brought with me congressman birchett and congresswoman luna we asked to see
00:45:25.580
any of the evidence that had been taken by flight crew in this endeavor and to observe any radar
00:45:30.880
signature as long as as well as to meet with the flight crew we were not afforded access to all of
00:45:38.380
the flight crew and initially we were not afforded access to images and to radar thereafter we had
00:45:46.520
a bit of a discussion about how authorities flow in the united states of america and we did see the
00:45:53.520
image and we did meet with one member of the flight crew who took the image the image was of something
00:45:59.680
that i am not able to attach to any human capability either from the united states or from any of our
00:46:07.680
adversaries and i'm somewhat informed on the matter having served on the armed services committee for
00:46:12.920
seven years having served on the committee that oversees darpa and advanced technologies for
00:46:17.440
several years um when we spoke with the flight crew and when he showed us the photo that he'd taken i
00:46:24.280
asked why the video wasn't engaged why we didn't have a flir system that worked here's what he said
00:46:30.880
they were out on a test mission that day over the gulf of mexico and when you're on a test mission
00:46:37.060
you're supposed to have clear airspace not supposed to be anything that shows up
00:46:40.560
and they saw a sequence of four craft in a clear diamond formation for which there is
00:46:48.500
uh a radar sequence that i and i alone have observed in the united states congress
00:46:54.940
one of the pilots goes to check out that diamond formation and sees a large floating what i can only
00:47:02.020
describe as an orb again like i said not of any human capability that i'm that i'm aware of
00:47:07.560
and when he approached he said that his radar went down he said that his flir system malfunctioned
00:47:15.500
and that he had to manually take this image um from one of the lenses and it was not automatic
00:47:22.620
automated uh in collection as you would typically see in a test mission so uh i guess i'll start
00:47:29.580
with commander fravor what in how should we think about the fact that this craft that was approached
00:47:37.180
by our pilot uh had the capability of disarming a number of the sensor and collection systems on that
00:47:45.440
craft well i think this goes to that national security side and you can go back through history of
00:47:50.360
things showing up at certain areas and disabling our capabilities which is disheartening and for us i mean
00:47:57.080
like i said it completely disabled the radar on the aircraft when it tried to do it the only way
00:48:01.160
we could see it is passively which is how he got that image so i think that's a that's a concern on
00:48:05.940
what are these doing not only how do they operate but their capabilities inside to do things like this
00:48:10.460
and and how should we think about four craft moving in a very clear formation equidistant from one
00:48:18.960
another um in a diamond in all of the phenomenon perhaps mr grave that you've analyzed um have we
00:48:26.660
ever seen multiple craft in a single formation i have one particular case and that was uh during
00:48:33.080
the gimbal incident um the recording on the at flare system shows a single object that rotates
00:48:38.700
um you hear the pilots refer to a fleet of objects that is not visible on the flare system and and that
00:48:44.400
was something that i much more uh we're going to try and get all these folks in at least by phone
00:48:51.120
they're scrambling to do votes uh we were trying to get gates we had even booked this afternoon but
00:48:55.260
they got votes going on they're running around because i think the clock stops at noon on friday
00:49:00.400
when they take off um we're going to be back here at 10 o'clock tomorrow morning there's so much
00:49:04.760
going on we're going to have cash here congressman bishop a whole bunch of folks uh but we're going to be
00:49:09.320
juggling and calling audible so there's so much happening also they may try to pull this indictment
00:49:14.640
of president trump again another one so we'll be obviously covering that have mike davis and the
00:49:18.060
entire team i want to leave you with uh we're doing this um uh homage to american music the american
00:49:25.500
spirit the american flag all of it uh after coming through june and having the depravity and perversion
00:49:31.380
of uh what that was called that's not pride this is pride in country this is pride in american people
00:49:37.460
it's a pride and particularly in american music as we know we like the uh we like the arrangements
00:49:42.420
simple we like the voices strong we like powerful lyrics uh and of course natural instruments so we'll
00:49:50.800
leave you with uh tammy patrick's uh red river valley kind of the maga version of it the red river valley
00:49:55.780
we'll have something more and by the way we're working on putting out a playlist so you got it all so
00:49:59.840
we're going to leave you with tammy patrick we will see you back here in the war room tomorrow morning
00:50:05.520
at 10 a.m i will guarantee you it will be lit see you then
00:50:11.480
oh they say you are taking the sunshine that has brightened our country wild
00:50:26.480
come and sit by my side if you love me do not hasten to bid me adieu just remember the red river valley
00:50:48.440
and the ones who loved you so true i've been thinking a long time dear liberty
00:51:10.400
now alas must my fond hopes all vanish we see less and less of you everyday do you think of the valley you're leaving
00:51:57.400
come and sit by my side if you love me do not hasten to bid me adieu just remember the red river valley
00:53:13.400
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