Bannon's War Room - WarRoom Battleground EP 340： Largest Increase ON Interest Rates ON Any Period Of Time

00:00:00.000 this is what you're fighting for I mean every day you're out there what they're doing is blowing

00:00:13.940 people off if you continue to look the other way and shut up then the oppressors the

00:00:20.940 authoritarians get total control and total power because this is just like in Arizona this is just

00:00:26.840 like in Georgia it's another element that backs them into a quarter and shows their lies and

00:00:31.580 misrepresentations is why this audience is going to have to get engaged as we've told you this is

00:00:35.860 the fight all this nonsense all this spin they can't handle the truth war room battleground here's

00:00:42.920 your host Stephen K Bannon we haven't made a decision to go to every other meeting it's not

00:00:48.360 something we've looked at we're going to be going meeting by meeting and as we go into each meeting

00:00:53.020 we're going to be asking ourselves the same question so we haven't made any decisions about

00:00:57.040 about any future meetings including the pace at which we'd consider hiking but we're going to be

00:01:02.260 assessing the need for further tightening that may be appropriate you read the language to return

00:01:06.820 inflation to two percent over time I would say that the Intermeeting data came in broadly in line with

00:01:12.580 expectations economic activity remained resilient job creation remained strong while cooling a bit

00:01:18.460 and the June CPI report actually came in a bit better than expectations for a change and the June

00:01:24.760 CPI report of course was welcome but it's only one report one month's data we hope that inflation

00:01:30.760 will follow a lower path as as it will be consistent with the CPI reading but we don't know that and we're

00:01:37.420 just going to need to see more data so what are we going to be looking at really it will be the

00:01:41.440 broader the whole broader picture and starting with we're looking for moderate growth right we're

00:01:46.840 looking for supply and demand through the economy coming into better balance including in particular

00:01:53.320 in the labor market we'll be looking at inflation we'll be asking ourselves does this whole collection

00:01:58.300 of data as do we assess it as suggesting that we need to raise rates further and if we make that

00:02:03.520 conclusion then we will go ahead and raise rates so that's that's how we're thinking about the next

00:02:07.660 meeting and uh you know how we're thinking about meetings going forward potentially but you know

00:02:12.400 we're now mainly thinking about the next meeting I will also say since we're talking about it

00:02:16.780 um between now and the September meeting we get two more job reports two more CPI reports I think

00:02:22.840 we have an ECI report coming later this week which is employment compensation index uh and lots of data

00:02:29.320 on economic activity all of that information is going to inform our decision as we go into that

00:02:34.600 meeting I would say it is certainly possible that we would raise funds again at the September

00:02:39.700 meeting if the data warranted and I would also say it's possible that we would choose to hold steady

00:02:44.200 that meeting we're going to be making careful assessments as I said meeting by meeting

00:02:48.100 um and I'll close by saying we've raised the federal funds rate now by 525 basis points since

00:02:54.420 March 2022 monetary policy we believe is restrictive and is putting downward pressure on economic activity

00:03:00.880 and inflation moments ago um Senate Minority Leader Mitch McConnell had to be escorted away from

00:03:06.400 the cameras after freezing in the middle of his opening remarks in his weekly leadership press

00:03:11.360 conference I want to watch that moment and then we'll talk it's been good bipartisan cooperation

00:03:16.740 and a string of

00:03:19.460 okay Mitch anything else you want to say I'm sure let's go back to you do you want to say anything else

00:03:48.560 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

00:04:01.780 minutes later to answer some questions do we know what happened not yet and he did come back and spoke

00:04:09.460 with reporters was able to take questions one reporter asked him about that moment that you just played

00:04:15.300 there concerning moment during his press conference as he was just a few seconds into talking with

00:04:20.540 reporters as he does on a weekly basis here when the reporter asked him about that moment he simply said I'm fine

00:04:26.420 and he moved on he spoke for the rest of the press conference in his normal somewhat muted tones but

00:04:33.220 reporters who were around him before that moment happened it really was very jarring you can see the looks on the faces of

00:04:40.500 senators around him including senator john thune who was standing just over mcconnell's shoulder

00:04:45.080 senator john barrasso the number three republican coming over to him on the side as you showed there

00:04:50.120 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

00:04:54.380 that's what happened in the moments after he left that press conference we saw senator joni ernst

00:05:00.700 another member of republican leadership do the sign of the cross almost as if she were praying for him

00:05:05.920 during a moment that could have been potentially scary but look this is not the first time that

00:05:10.780 there have been questions about the senate minority leader we know that back in march he suffered a fall

00:05:16.660 at a hotel here in washington leaving a fundraiser that left him out of washington for several weeks he was

00:05:22.340 home recovering from a concussion and fractured ribs of course he's back in the capitol now and look

00:05:27.860 when he walks around here we do see him sometimes walking with the help of aids his office we are waiting to hear

00:05:34.520 if they have anything else to provide one of his spokespeople just said they'll get back to us but

00:05:38.940 clearly they are meeting and trying to at least figure out how they're going to talk about this

00:05:42.920 with the press but i think what's important here to note is that moment seemed concerning he was able

00:05:47.900 to come back and continue talking to reporters during this weekly press conference yasmin

00:05:52.460 okay uh wednesday 26 july year of order 2023 of course uh no one even when i left the white house

00:06:01.940 uh with president trump i gave that interview in 60 minutes and said one of my the central reason

00:06:07.460 for leaving was to bake on the outside take on mitch mcconnell and then paul ryan so no one's gone up

00:06:13.420 against mitch mcconnell probably more than me but um senator mcconnell we uh obviously wish uh all the

00:06:20.440 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

00:06:26.360 there are so many massive issues that are trying to be addressed um we have the nda we have the

00:06:33.000 appropriation of all of it uh the senate is not anywhere near the house where the house is and

00:06:39.920 over the next couple of days before they break remember these guys are taking off and not coming

00:06:43.140 back till september we're going to try to have as many voices on here to talk about exactly where we

00:06:48.820 are on like appropriations and the budget and money and also all these investigations since i've been

00:06:56.800 doing this uh with andrew and really getting involved in this back i guess in 2009 2010 the tea party

00:07:04.460 revolt i have never seen as many huge issues and as many constitutional crises as it is right now and

00:07:13.700 this is all before remember we just had mike davis on here i think the thinking of the trump team is

00:07:18.720 that president trump is going to be indicted again by jack smith and a federal grand jury here in

00:07:24.580 washington dc the president trump and others they may just pick president trump's because they want to

00:07:29.200 go quicker but that and fanny willis in a couple weeks so this is another massive crisis the senate and

00:07:35.460 there's all types of uh discussion about where the senate stands and all these huge issues of spending

00:07:43.220 in ukraine and the ndaa and particularly uh with these uh with these impeachment inquiries and

00:07:51.000 investigations and the day as we just said it absolutely exploded in federal court and that

00:07:56.220 doesn't even include the invasion of the border what happened today on human trafficking what happened

00:08:00.520 today on fentanyl in these hearings uh senator mcconnell and it's a pretty open secret ever since

00:08:07.200 he had the fall in march he took so much time off remember this guy

00:08:12.460 is not a guy that takes time off if you watch house of cards they really predicated much of the

00:08:19.040 character of kevin spacey and the deviousness and but the 24-hour day maniacal focus on senator mcconnell

00:08:25.780 uh if you're an ally or you're an opponent no one's ever said that mitch mcconnell is not on this

00:08:33.520 is his life and he's a wheeler dealer right now uh and you can see right there and you've noticed it

00:08:42.100 and i've actually talked to people about it when he's come uh to the microphones before the last

00:08:46.780 couple weeks until that's not the mitch mcconnell that people know there's been a hesitancy when

00:08:52.340 he's addressed the senate there's been a hesitancy uh you see he's lost a step there's something going

00:08:58.600 on health wise and then today was quite shocking i mean when joni earns who i think is a army major

00:09:04.460 or colonel when she's saying the sign of the cross and uh barrasso and john thune are coming to his

00:09:09.660 aid and say hey let's go back and remember he did come back he did make a couple of statements he did

00:09:14.500 answer questions and he appeared to be at least the new norm for mitch mcconnell but there's something

00:09:19.920 definitely going on and this is exactly the moment when you need everybody on uh everybody on on point

00:09:27.640 uh everybody on point uh particularly in the senate because we need so much maneuvering on all these

00:09:33.920 bills you're gonna need everybody on point to have really a crisis in leadership to add on top of

00:09:39.220 everything else that's going on so we will monitor that closely but clearly senator mcconnell

00:09:43.860 uh is uh is senator mcconnell's ill you can tell that he would not a fighter like that would not uh

00:09:50.720 would not just sit there and freeze and if you saw him and particularly for the audience that have

00:09:55.460 older parents right you've seen that you've seen those types of things happen happen before so

00:10:01.020 uh we wish him the best um as he goes through this personally but also in addition you know there's got

00:10:11.020 to be some discussion over there because sherman these guys are plotting non-stop and this thing's

00:10:15.360 going to get to a level of intensity particularly on the appropriations bill and everything is going

00:10:19.960 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

00:10:25.440 um think about it there's so much going on today and we had to lead the six o'clock hour

00:10:32.340 with what happened uh with the federal reserve he made a point 525 base point i think it's been the

00:10:39.800 greatest rise and quickest rise in interest rates it's been the it's been the highest interest rates

00:10:45.580 in 22 years but that kind of misses the point the point is and if i get my ever crack team to give me

00:10:54.060 a clock here i could really get the focus you know sometimes these guys take a day or two off you got

00:10:59.720 to retrain them it's like when i was in the navy take the weekend take the weekend off you got to

00:11:03.140 retrain there we go i got my clock i'm happy i have a clock um cnbc had a very good article today

00:11:11.180 and i think we've gotten it to memphis and we can get this article up and talk about the structure of

00:11:15.400 interest rates this is one of the things we've been talking about for a long time it's not simply

00:11:21.360 the say it's the highest rates in 22 years also misses the point here's the point

00:11:27.520 in 2008 and if we just keep that if we just keep this up and maybe scroll but i want to keep it up

00:11:36.400 and maybe scroll up and then go back to the top and do it again and i want everybody if grace and

00:11:40.200 captain bannon uh can get this out and of course carly bonet and the people over at our telegram

00:11:46.160 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

00:11:51.680 a long article but it talks about the structure of interest rates the structure of interest rates

00:11:57.800 this goes and talks about the elites in this country

00:12:03.140 in 2008 having a crisis that came up in 2008 that's great now we're gonna my clocks my clocks open but

00:12:14.180 there we go right there we're gonna get this down um we went to negative interest rates when i say

00:12:20.760 negative interest rate they took the interest rates to zero and what this article brings up is

00:12:25.820 that we spent years almost you know over a decade at zero interest rates virtually zero interest rates

00:12:38.140 essentially free money that will never happen again even if we have another crash i don't think the

00:12:45.380 central banks i don't think people are going to allow that to happen again because in in going to

00:12:49.420 zero interest rates they made a conscious decision to save the system and to save the system on the

00:12:56.920 back of working class people don't take my word for it i'm gonna give you some receipts 1.00

00:13:04.220 christopher leonard in that amazing book the lords of easy money which we told you about many many times

00:13:12.180 goes in because remember minutes of the federal reserve are secured for 10 years now why is that

00:13:18.780 this is nothing they don't trust the american people hell they get they get uh they get alien space

00:13:23.660 beings and alien technology and they've had it for 50 60 years and they want to keep it under wraps

00:13:28.540 they keep the the minutes of the federal reserve under wraps why they should be transparent the

00:13:34.640 minutes should come out that day they say well people have you know confidence show they can talk

00:13:39.420 they should be able to talk freely in those minutes in the crisis of 2008 and 2009 and remember

00:13:46.320 this is both a bush and then obama obama just exacerbated it it was the bush regime junta that

00:13:53.200 kind of brought it on they went to negative interest rate and dick fisher is president of the federal

00:13:59.180 reserve in uh in dallas he said if we do this you're going to bail out the wealthy on the backs of the

00:14:06.620 working class because there won't be any chance for capital formation there won't be any chance for uh 0.98

00:14:11.440 there won't be any interest paid on the money market accounts won't be managed paid on the

00:14:15.700 checking accounts there won't be interest paid on savings accounts and so the little guy's never

00:14:21.560 going to have a chance to kind of get any interest get any any any capital besides the money he can

00:14:25.660 barely scrape by and save himself and they said yeah well okay we hear yeah and yes that's a problem

00:14:31.140 but that's a secondary problem we got to save the system the greatest concentration of wealth this is

00:14:35.540 when the one percent really became a thing okay the one percent really became a thing and it and it and

00:14:40.900 it led to this massive concentration of wealth and they did it two ways zero interest rates and also

00:14:46.360 quantitative easing this is where the balance sheet of the federal reserve had 880 billion dollars i think

00:14:52.760 it was september 17th of 2008 that the crisis with lehman and when president trump the day he took the oath

00:15:01.020 of office it had i think was 4.5 trillion dollars 4.5 trillion dollars on the balance sheet of the fed

00:15:06.500 they had they put liquidity in the system but by doing that use their prime brokers and the hedge funds

00:15:12.420 to do it these guys are making money and propping up the propping up the asset classes stocks bonds real

00:15:18.720 estate things that the working class people don't really have or have access to

00:15:23.320 since that time it's the 500 this has been the greatest increase i think in interest rates

00:15:31.020 in a rapid period of time the only other time i can think anything even happened closest was when

00:15:37.000 volker when they had this stagflation last time they had stagflation back in the 70s volker was

00:15:42.520 the head of the federal reserve he went over to the oval office which is a little bigger occurrence than

00:15:48.040 it is now now it's like oh the federal reserve the fbi justice department you can never talk to

00:15:51.860 him that's not like it rolled in the old day volker went over for a meeting and he had i think

00:15:56.980 hamilton jordan jody powell and they had carter with the cardigan sweater and they're talking

00:16:01.020 and this thing's in the middle of a stagflation you got the guns and butter and the economy's all

00:16:05.260 messed up you got the air bowl embargo jimmy carter's you know upside down a thing and volker

00:16:09.540 just listening you know he's a six foot nine guy and he always smoked those cheap cigars and they're

00:16:14.000 smoking the oval office but he's smoking cheap cigars listen just listen to these guys what they're

00:16:17.640 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

00:16:23.400 don't know three four hundred basis point hit that afternoon raise rates to choke it down 0.99

00:16:28.180 what happened here is because of the spending the supply chains problems brought on by the ccp 1.00

00:16:36.220 because remember trump in 2019 had this thing kind of worked out we had economy hitting all

00:16:41.660 and look i was not and people know and president knows he and i would have these discussions all the

00:16:46.760 time i was not a total fan a fan of his total package on the tax cut i thought the company

00:16:53.820 should have to have on the repatriation of cash they should be if they're going to do stock

00:16:58.560 repurchases they're going to play financial games that doesn't count if they're going to play

00:17:02.700 financial games i'd love what it's doing i got to do these monologues i decided to do monologues no

00:17:07.760 guests afternoon and at this time the technology i get my clock going up and down i get my thing but

00:17:11.860 that's okay we got it we can handle this it makes it even more you know it's like

00:17:16.760 it's zen i gotta like focus on this while i'm doing this

00:17:19.320 president trump you know the tax cut the but the economy was totally hitting it in in 2019 by that

00:17:26.900 fall of 2019 and particularly christmas 2019 was like the right before the ccp hit us with the 1.00

00:17:31.180 bioweapon the 525 basis points have come because the supply chain issues the pandemic all of it and

00:17:39.700 particularly this massive spending this keynesian just infusion of cash and remember we talked about

00:17:46.180 if you guys remember from war in pandemic right i talked about hey you're gonna have a massive drop

00:17:51.880 in uh in aggregate demand remember that and we're gonna have to bridge that you're gonna have to have

00:17:56.700 and president trump put one of those in pelosi blocked the second one but you're gonna have to have

00:18:00.200 kind of scan a keynesian stimulus to bridge that unique drop in in aggregate demand you're gonna have

00:18:07.400 to do that what biden did was beyond the aggregate demand was coming back biden all these programs

00:18:13.000 this additional five six seven trillion dollars is is and we said this back you know navarre myself

00:18:19.340 brad all of us said it this is going to cause tremendous inflation it has and now to choke it

00:18:25.020 down they're they're popping rate and today he popped it popped another 25 basis points and he said

00:18:30.880 i'm gonna do it again in september unless i can get real data that shows that we're slowing prices

00:18:36.340 down and they're pretty upfront about they're they're slowing down the economy and they mean to

00:18:40.080 slow down the economy to take care of inflation particularly corn inflation the one meeting he

00:18:45.820 didn't mention in this he says yeah we got all these things i've got two more job reports in this

00:18:49.960 report it's i think the jackson hole meetings are going to be in august the jackson hole is where a

00:18:54.940 lot of the central bankers come together and have this big confab a federal reserve with a bunch of

00:18:59.320 fat cats come out there a bunch of big investors big hedge fund guys and they really have i think three

00:19:04.100 or four days of of sidebars and in presentations and breakout sessions the types of things you see

00:19:11.140 when you go to conferences that jackson hole meetings and we're going to get to this we're 0.94

00:19:15.680 going to cover this very closely in august because two things are going to happen in august you're

00:19:19.940 going to the jackson hole meetings with the central bankers and they're going to walk through where

00:19:23.380 this economy is going because remember europe's in a recession right now germany's in a recession right

00:19:27.860 now england is is on a is in a mini recession where's the world going the ccp and they lie 0.99

00:19:33.960 about every number they lie about every number they're in a recession how's the united states

00:19:38.320 well hey it's quite simple we're still having a massive keynesian infusion why let's go back and

00:19:44.840 connect the dot because kevin mccarthy gave him 15 trillion dollars to spend remember two budget cycles

00:19:51.800 two budget cycles 15 trillion dollars with no cap on what the deficit could be this is a keynesian

00:19:58.620 supercharge now that could be four it's modeled at four it could be five or six trillion dollars talk

00:20:04.080 to russ boat and these guys he'd go anywhere particularly if the economy slows down we've

00:20:07.440 already added a train since they passed the deal why is that wait for it lower tax revenues where's the

00:20:14.080 lower tax revenues can come from particularly capital gains tax particularly capital gains tax

00:20:19.480 so while this is all going on you've got also almost at the time of the jackson hole meetings

00:20:26.080 what else do you have this is not random this is not random there are no coincidences

00:20:31.700 you have the durbin uh pact or the durbin accords what we've been talking about with birch gold that

00:20:38.700 the alternative currency and paul prigman these guys are are absolutely incorrect we're not saying

00:20:45.460 that that's going to be a viable alternative for the dollar day one but it's the first time that

00:20:50.280 they've been self-organizing why they've been self-organizing because of what pal those guys

00:20:54.460 are doing but particularly particularly the drop in purchasing power this is what has the united

00:21:00.140 states and this is why every night they're on msnbc and cnn and said i don't understand the economy's

00:21:04.820 in such great shape why is biden not getting more credit why are people not singing high hos on this 0.92

00:21:11.380 he's not selling enough he's not selling his infrastructure program enough he's not selling

00:21:15.700 this enough he's not out there making the case no their lived experience you don't have to tell

00:21:20.280 that you can't sit there and tell american people it's fabulous this thing is great you should be

00:21:24.380 thankful can we throw more money your way they know it's not their purchasing power is going down

00:21:28.980 the core inflation and that doesn't include what energy and rent the lived experience of their lives

00:21:35.280 is a fiasco right now they get that now the difference is they don't have the power

00:21:42.680 they don't have the power right now to do anything about it but the people in the brics nation brazil

00:21:50.600 russia india china and south africa do and what they're saying is that hey two things number one

00:21:55.980 we've seen how you use economic warfare to go after the russian central banks which you didn't do to

00:22:03.320 the nazis and we saw what you tried to do the ruble that you didn't do to the nazis and the deutsche mark

00:22:07.760 and we saw what you did in sweeping all the risk cash reserves the federal all the central banks

00:22:13.980 just swept their cash through the united states we have them now russia you kept 0.72

00:22:17.200 billions of dollars of uh billions of dollars of uh of um of reserves with us we just swept it and took it

00:22:25.040 which you never did to the nazis or never did to imperial japan but we did it and they cut

00:22:31.900 off the swiss system and look i'm a i argue all the time for economic warfare economic warfare is

00:22:37.900 unrestricted warfare and we should be doing it ccp's doing this but you can only use these weapons 1.00

00:22:44.100 at certain points in time and you must come in and they must have an impact you can't play namby

00:22:50.760 pamby and that's what the biden regime did and so these guys saying you got the swiss system we want

00:22:55.600 to get off that we want to be able to do transactions you've got this we're hooked we're addicted to the

00:23:00.020 dollar if you do a drug deal in thailand or if you give to a monastery in uh in nepal everything's

00:23:08.700 transacted in dollars eventually you convert the dollars to do it they want to get off that

00:23:14.100 in the ccp who's the brains of the operation and back all this are organizing these people 1.00

00:23:19.740 including people used to be our former allies like brazil now with lula like india with modi

00:23:25.720 modi is is still a a huge ally of the united states but the the circumstances of course even the

00:23:30.880 the simple circumstances of saying hey your elites are irresponsible your elites run this run these

00:23:38.860 massive deficits and the only way you can do it is because your export is is the dollar it's the

00:23:45.280 prime reserve currency we need to have that that's why you can keep doing it if we if we stop being

00:23:50.400 the prime reserve currency we'd be like argentina and they know that and they see i think it's been

00:23:57.460 a 17 decrease in purchasing power uh just in the last uh 24 months of when biden's taking office

00:24:04.380 17 17 and they're not going to tolerate it anymore go to birchgold.no we started two years ago with

00:24:14.620 philip patrick the team to talk to you about the um precious metals and particularly the end of the

00:24:21.380 dollar empire this is another one of my call chats i said this is going to happen because these folks

00:24:27.480 you know i went to hbs they all went to hbs they got people went to stanford and sloan and and uh

00:24:33.320 into university of chicago and wharton school they got plenty of bright people london school of economics

00:24:38.260 they got plenty of bright people and they all got the hb12c they can all do discounted cash flow and

00:24:43.020 they're not going to sit there and just take it particularly when they have this thing called

00:24:47.020 natural resource when they have the wheat and the coal and the tin and the oil and gas they're not

00:24:53.480 going to take it and that's where we are today the structure why once you read this this uh this cnbc

00:24:59.980 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 0.96

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

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00:31:48.680 war room battleground with stephen k bannon

00:31:56.180 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 0.95

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 0.98

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 0.80

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

00:42:10.960 ain't coming down anytime soon

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 0.87

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

00:51:03.600 of the sweet words you once had to say

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

00:51:32.400 oh how lonely and how dreary it will be

00:51:42.400 when dear freedom you leave us completely

00:51:49.400 for the false sense of security

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

00:52:18.400 and the ones who love you so true

00:52:25.400 they will bury me where you once wandered

00:52:33.400 where the hearts of real patriots died

00:52:40.400 for they're gone from the red river valley

00:52:47.400 due to fear, hatred and lies

00:52:55.400 come and sit by my side if you love me

00:53:02.400 do not hasten to bid me adieu

00:53:09.400 just remember the red river valley

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Bannon's War Room - July 26, 2023

WarRoom Battleground EP 340： Largest Increase ON Interest Rates ON Any Period Of Time

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