Bannon's War Room - WarRoom Battleground EP 408： House Votes On Israel Aid; Trump Live From Houston Texas

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

00:00:17.700 people off if you continue to look the other way and shut up then the oppressors the authoritarians

00:00:25.440 get total control and total power because this is just like in arizona this is just like in georgia

00:00:31.220 it's another element that backs them into a quarter and shows their lies and misrepresentations

00:00:36.300 this is why this audience is going to have to get engaged as we've told you this is the fight

00:00:40.060 all this nonsense all this spin they can't handle the truth war room battleground here's your host

00:00:47.180 stephen k bannon it's thursday to november year of our lord 2023 i want to thank you uh for joining

00:00:54.540 the uh early evening our early afternoon and evening edition of the war room uh ej and tony

00:01:01.420 from heritage is going to join us here momentarily we're going to go through the treasury departments

00:01:06.540 uh what the treasury auctions are going to come over the next five months as we warned everyone

00:01:11.880 this show months ago it's going to be 1.6 trillion dollars or north and my call is still interest

00:01:17.980 expense over 1 trillion dollars in this upcoming fiscal year we're going to walk through the math

00:01:23.080 to show you why the uh biden regime has made an incredibly uh big bet they're going to finance

00:01:30.600 this short term because i understand financing long term uh they finance it long term right now

00:01:35.500 they're going to get jammed we're going to get into all of that in a few minutes want to go to

00:01:38.740 oklahoma 2 congressman josh uh brie keen congressman walk me through all that it's confusing to the audience

00:01:46.760 we got all these potential funding bills up there you guys just want a huge battle to kind of get

00:01:52.120 better control of spending we can't do anything until we secure the southern border really seal

00:01:57.100 the southern border now stop the invasion and stop the spending um talk walk us through your thoughts

00:02:02.920 on where we stand with ukraine with israel with the israel uh irs package with the bifurcation of

00:02:08.840 ukraine and israel uh the southern border all of it walk walk our audience do it yeah i'd be happy to

00:02:14.860 first of all thanks for having me on you're giving me brownie points with my in-laws my mother-in-law

00:02:18.760 especially they watch your program continuously so shout out to del and lila uh every every

00:02:23.780 husband needs help uh you know with with their in-laws and you just helped me so thanks man

00:02:28.260 um aim aim aim brother amen um look first let me say this i am excited i think uh you know your

00:02:37.560 viewership is excited the american people are excited about mike johnson and in his in his core

00:02:42.860 he is a conservative and i want to start there i'm a part of the freedom caucus um so to to have

00:02:50.680 someone that you know is not a politician that's healed to the money interest um healed uh to um you

00:02:58.660 know persuasion of how's this going to affect fundraising but they're doing it because they

00:03:01.980 actually believe in what they're doing i think the american people need to rally behind the speaker

00:03:06.820 and pray for him he is a man who is grounded who has a deep rudder of faith and he leads his life

00:03:12.520 that way and there's fruit to back up what i just said not just words in in terms of you know so i

00:03:18.040 start there to say i'm excited with him talking about israel and saying we've got to pay for it 0.99

00:03:21.760 we're gonna we're gonna overspend by 1.7 trillion this year i caught your prologue there and that is

00:03:27.940 what um this last year the numbers came in at 1.7 trillion steve most people don't realize that congress

00:03:33.660 only you do most people don't realize that congress only uh allocates the dollars on annual

00:03:39.560 basis uh for the discretionary part of the budget and that's 1.7 trillion the rest of it's entitlement

00:03:46.540 spending medicare social security medicaid food stamps we can adjust a you know eligibility but our

00:03:53.180 discretionary spend that is the real 12 appropriation bill fight is 1.7 trillion that is our deficit this

00:04:00.400 year that means 100 percent half of its defense 100 percent of all we spend to defend this country

00:04:06.560 100 of every every person who's watching that you think of of the government you know spend on

00:04:12.880 education and grants that you know come to you know states and localities it's all borrowed money

00:04:19.060 so i'm excited to have a speaker who's saying not just israel but in his core believes that we got

00:04:23.960 to start paying uh right on down the the the row for every element we're losing this country financially

00:04:30.800 you guys have fought through on this appropriations a single i mean one of the purposes was a process

00:04:37.840 and procedure you can't get to limited government and you can't get the fiscal responsibility until

00:04:42.260 you get into the appropriations process and that's what they hate because they want it all to be jammed

00:04:46.200 up in omnibus 9 000 pages where the lobbyists are sticking in one prepositional phrase and get paid

00:04:52.800 walk me through how do how do you guys all this because this thing we're fighting right now is a

00:04:58.240 supplemental it's a hundred billion dollars supplemental broken into various pieces on a 880

00:05:04.440 billion dollar defense bill doesn't include intelligence if you add everything up on

00:05:08.000 intelligent national security it's a trillion dollars so so just walk me through we know your

00:05:13.940 constituents are are practical honest hard-working people that know this can't go on but tell me what

00:05:20.760 your philosophy is about how you help combat it well look in terms of um we've got to start

00:05:27.260 speaking the truth to one another every bit of the discretionary spending every dollar that we

00:05:32.100 appropriate every time that you hear congress is voting on appropriations bill when it adds up to

00:05:35.880 that sum total every bit of it's 100 of those dollars are borrowed money from our kids and our grandkids

00:05:41.460 that means that they are that we are giving our kids a lessened future a lower standard of living

00:05:47.800 and so you know it's so shocking to put an amendment on the floor to cut spending up here

00:05:54.780 and and you know you get 80 votes out of 220 republicans or 100 votes out of 220 republicans it shows you

00:06:02.320 how many people are actually really serious about solving this this math problem that we have

00:06:09.640 and look at their reflection of of the of their constituency and so the american people have to

00:06:15.760 understand we are headed towards bankruptcy in fast order and the people that are elected up here are

00:06:21.860 a reflection of that ideology we have got to get

00:06:25.380 if we don't start buying vegetables we're not going to have a country left so for all of your viewership

00:06:32.020 and you know one of the things for the 20 of us that you know fought at the head of the year over

00:06:36.280 the speakers race that you know lasted 15 rounds and we've got to have guardrails we've got to have

00:06:40.320 things in place we've got to have appropriation bills that you can put amendments go directly to

00:06:45.340 the floor and see how people are voting that's what we've that started this process and i would

00:06:50.140 challenge everybody start looking at votes start looking at scorecards of reputable conservative

00:06:55.860 organizations and and figure out who is talking a good game when they you know everybody's a

00:07:00.940 campaign concern and who's actually following suit on their vote and the american people have to build

00:07:05.620 pressure on members of congress to start cutting spending if you want to turn around the twelve

00:07:10.820 hundred dollars more you're spending every month statistical average in the last two years you're

00:07:15.640 spending twelve hundred dollars more a month by the exact same goods and services as you were at the

00:07:19.440 head of when joe biden took office that's fifteen thousand over the course of a year it's because

00:07:23.820 we've lost twenty percent of our dollar value almost you know in several years inflation caused by

00:07:29.560 devaluation of our currency caused because congress is not really serious about cutting spending up here

00:07:33.800 on the whole and you've got to start holding these people accountable everybody thinks their

00:07:38.260 congressman's the good one right and that's the problem everybody thinks that their congressman's

00:07:42.300 the good the good guy you need to check what we all say me included do you think inside the

00:07:49.460 conference that that's burchett's going to follow you here and he's been a deficit hawk do you think

00:07:54.920 that in the conference because if we don't change the mentality of the conference do you think in the

00:08:00.220 conference it's starting to change and you saw that you know we at the debt ceiling you had 70 votes

00:08:05.720 the cr you had 90 votes we just had for the you know you had the majority majority for no ukraine

00:08:10.680 money coming forward do you think the conference is starting to change i i think so i think that you

00:08:17.040 know uh the miraculous ascension of speaker johnson i mean that i want people to hear this as a bible

00:08:22.860 believing christian and that's what we have as a as a speaker what you saw was somebody moved from

00:08:28.260 seventh place in leadership to number one he went from having like 40 30 less than 40 votes and then

00:08:33.960 got the speakership in one day it was miraculous and it's because mike is someone on bended knee

00:08:40.440 who's really he understands core principles he understands the 18 enumerated powers he understands

00:08:44.480 limited government he understands what george washington said that you know of all the dispositions

00:08:48.920 and habits which lead to political prosperity religion and morality are indispensable supports in vain

00:08:53.920 would the man claim the tribute of patriotism would labor to subvert those great pillars of human

00:08:57.460 happiness there was a time where the majority of members of congress understood the only way you're

00:09:02.380 going to maintain limited government is self-governance and the only way you get self-governance

00:09:05.940 is religion and morality we've got a chance to turn this country around but we've got to get rid of the 0.93

00:09:11.800 cultural rot and so for every pastor who watches your show for every person who's watching on the wall 0.52

00:09:17.220 in their community man you know being quiet on social media may help you and your public image management

00:09:22.700 right now but in this fight of good and evil by you remaining to stay quiet it may help you in your

00:09:27.220 lifetime but it's going to be a detriment to our kids and our grandkids so mike johnson is a flag

00:09:32.520 bearer that we as a country need to rally around and we need to help this inertia that i believe that

00:09:37.600 there is a great awakening i think mike's a reflection of that

00:09:40.420 when he did the sean hannity interview the first night uh sean you know was asking some questions

00:09:46.540 about your belief because you're right it's kind of a seventh in leadership but essentially a back

00:09:50.280 bencher uh people didn't know a lot about him and he says look if you want to you're asking my

00:09:54.700 question but if you want to know my worldview just read the bible the mainstream media and the left

00:09:59.660 they melt full meltdown full complete vapor lock um what what he would have said which the

00:10:05.320 revolutionary generation would said of course it's the biblical worldview of course what is what other

00:10:10.460 worldview is there you're seeing the attack on him you know he's the thing they fear most which is he's

00:10:16.760 a christian nationalist not now you've had you know violent extremists you've had insurrectionists you

00:10:21.840 look up the chart the the top the most demonic to the secular humanist the the neo-marxist uh that

00:10:30.180 you see on college campus going after jewish kids every day the the pinnacle is the christian 1.00

00:10:35.240 nationalist how are you members of congress in the conference going to help uh have the back of mike

00:10:41.820 john because they're coming from mike johnson hey they're already into all the radio interviews he gave

00:10:46.040 we're going through it right now and what he said and here's the thing they've been getting on him

00:10:50.140 for he doesn't have any money because he sacrificed his entire life as a lawyer instead of being a big

00:10:54.700 wall street lawyer one of these hot shots in the as a lobbyist he dedicated his life to taking on

00:11:00.160 and defending religious liberty and and a lot of these church groups uh how's the conference going

00:11:05.380 to come together to protect uh mike johnson well look you use the position that you've been given

00:11:09.980 and you're going to find out in real short order those who really it's innate to them if they really

00:11:15.100 believe in a biblical worldview and they really believe that that is a rock upon which our republic

00:11:19.640 um you know finds strong foundation its pillars you better start learning uh the history of our

00:11:26.260 founding i i love david barton wall builders ministry because it is pointing so many people

00:11:31.260 back to what we're missing and the reason why we've been so blessed as a country financially

00:11:36.400 is because of that underpinning and the reason that we see such a demise in the last 40 you know

00:11:42.020 most people don't see how quickly this has happened to us we had a one trillion dollar gross national

00:11:46.860 debt in 1980 we're going to overspend by 1.7 trillion this year almost twice what it took us 200 years

00:11:53.780 of of uh debt accumulation to get to in 1980 the cultural rot has been on on steroids and the the

00:12:03.960 fiscal problems are just a down downstream repercussion of that and so if we'll get our moral

00:12:11.820 house in order our fiscal house will get in order uh i absolutely am one of those that believes that

00:12:17.940 in god we trust and if we'll get the right things right if we'll stop calling evil good and good evil

00:12:23.140 then then this nation has a chance to cheat history if we don't then we become like every other

00:12:28.940 uh nation in history that uh you know is is rotted itself into oblivion

00:12:35.360 congressman how can people find out more about you where they go social media where they go to your site

00:12:41.720 to find out more about your thinking yeah um you can go to burkeen b-r-e-c-h burkeen.house.gov you can

00:12:50.440 look us up on uh congressman josh burkeen on social media or or uh twitter uh x now and uh honored to

00:12:58.920 have uh the opportunity to be with you well uh your uh your in-laws have great taste in uh in compelling

00:13:06.600 television so we know they're part of the posse so they're they're they're they're man in the ramparts

00:13:11.760 and i know they're big fans of yours and our audiences too we we really appreciate you being

00:13:16.040 in the fight and i know that you're going to become a major voice going forward sir so thank

00:13:20.240 you very honored to have you here in the war room thank you honored sir god bless you thank you

00:13:25.720 burchett congressman burchett of tennessee you see burchett here's here's what i think we got going

00:13:31.260 i think you're having a great awakening i think people were i think this mike johnson thing was

00:13:35.620 providential and and we're unmasking people you're unmasking i mean the haters on mike johnson

00:13:41.780 it is unbelievable this is a god-fearing good christian man solid guy right that's dedicated

00:13:48.740 his life to fighting for underdogs and man oh man are they they're upset msnbc cnn they got

00:13:55.400 investigative teams going around they got everything they're going to try to tear his wife and himself

00:14:00.660 they're going to try to tear him apart it's like a pack of wolves congressman burchett your thoughts

00:14:05.400 i agree i i posted this morning when i woke up i'm gonna do this every day i said something about

00:14:11.860 him i said oh no we elected a speaker speaker johnson who loves jesus his wife his kids in the constitution

00:14:18.100 we are doomed i got a just crossed over 123 000 views on that the vast majority are amen i mean

00:14:27.700 everything like oh he's not rich what are we gonna do i mean what the hell steve uh mr no but hang on

00:14:34.960 hang on but hang on ho ho hang on read that read that tweet again because i don't make a comment just

00:14:39.060 take it to the top and just read it slowly read that tweet okay uh oh no we elected a speaker

00:14:45.600 at speaker johnson who loves jesus his wife his kids and the constitution we are doomed

00:14:52.820 but but but the punchline is there's a big part of the country and particularly the elites in the

00:15:00.920 intelligentsia and the cultural elites that run this country that when you they read that they

00:15:06.720 believe the country is doomed because of that your response sir yeah well they're lost they are

00:15:12.660 completely lost that's who's running unfortunately i think is running our our major um learning

00:15:19.180 institutions both public and private in this country and those are the people that we've

00:15:23.340 um entrusted with the future of our children and uh and and the frankly the national media and that's

00:15:30.680 why most of them are going out of business that's moving to more of a format like yours where the truth

00:15:34.920 is put out there and you bring in cool guests like my buddy josh for king before me um and i i think

00:15:43.220 that's that's very telling i think the market is bearing that right now and you've seen papers like my

00:15:48.700 newspaper in knoxville it's it's basically just a rag the only time i see is when i'm you know

00:15:55.320 somebody's got one down in their dog pen or something um and so it's just it's it's pretty

00:16:01.560 obvious to me what's going on in our country and and they're trying to influence influence people and

00:16:07.440 they and they try to run us you know people that you know i i don't have any bumper stickers on my

00:16:13.440 cars or anything about my religious beliefs but they you know everywhere you turn we're the weak

00:16:18.340 ones we're the ones causing the problems in this world and uh i can always hear my daddy saying

00:16:23.560 buddy he said there weren't no atheists in those foxholes in the pacific i can guarantee you that

00:16:28.840 so um i you know i i we we elected a you're right it was providential um that's a big word for me

00:16:38.300 coming from east tennessee but it's uh uh mike johnson is a godsend he's a i said i quite i said

00:16:45.060 early on something about him being a goober and all his buddies from law school were calling him

00:16:49.500 up saying hey this guy called you a goober but i said you know that's a good thing he's not a um

00:16:54.240 he's not a real flashy guy he's a he's a family man and you're not going to worry about him getting

00:17:01.980 caught in some somebody's gonna pull something up or what he's doing right now or gonna be doing

00:17:07.320 because he's he's one of those guys that holds himself accountable and surrounds him with people

00:17:12.460 self and people that hold him accountable and we've got a real leader in this one and i stated

00:17:17.960 how do we go ahead i'm sorry but how how do we his uh his um election unanimously coming out of

00:17:26.180 nowhere for you know within 24 48 hours but the whole process how do we use that to start to change

00:17:33.660 the mentality of the conference rakeen just mentioned it you've mentioned every time you're on here

00:17:37.460 i think the people quite frankly are awakened i know in our audience they're talking i mean we're

00:17:41.620 going to have ej and tony on here in a minute we're going to go through a very sophisticated

00:17:46.060 laying out of the treasury auction which used to be pretty performer our audience is all over these

00:17:50.460 are types of things that be on the back pages of the financial times of london or the or the or the

00:17:55.460 traders in the in the in on goldman sachs desk or in the pits of chicago would be reading you have

00:18:00.340 working class truck drivers housewives middle class people that understand they're getting down to 0.87

00:18:07.040 and say hey i understand what the fed's doing i understand what the balance sheet's doing here i

00:18:10.220 understand what this deficit is the people are awakening how do we use that in johnson's

00:18:15.420 being uh raised up right providentially to change the conference and actually become the solidified

00:18:23.000 unified body we need because if we can solidify the republican house conference we will change the

00:18:28.940 world there's no doubt about it the founders put all the power in the house of representatives outside

00:18:35.220 the executive branch and they never looked at the executive branch of being an imperial power which

00:18:39.780 has come through the administrative state which we're going to take apart they looked at the

00:18:43.540 house as having the power so how do we do that congressman birchett well thank you it's probably

00:18:49.000 the most important thing i'll ever say on your show but i i'd ask your your listeners to pray and ask

00:18:54.280 god what their role should be in this and their role what i see it is is call your elected officials

00:18:58.840 because elected officials like everybody else we want our pizzas in 30 minutes or less and that's

00:19:05.180 about our dadgum attention span to be honest with you right now every person who gets on the mic in

00:19:10.760 conference and i and i was with matt gates we were sitting in the back and i said i said where where was

00:19:16.860 all this you know four or five weeks ago when the eight of us were getting getting our heads kicked in

00:19:21.660 and and but it's it starts off with we're in a fiscal downturn we have got to get control of this

00:19:28.040 and everybody is talking about it everybody you know people like josh bikini was on before he's

00:19:33.820 always talking about it but you're seeing the moderates the people that are in

00:19:37.180 biden districts that biden and one talking about we've got to get control so we've got our 30 minutes

00:19:43.760 america needs to wake up start calling your congressman and telling them hey stop with the fiscal

00:19:50.100 insanity stop with the spending let's get control let's keep going down this road of individual

00:19:56.020 spending bills because it's very uncomfortable but it forces us to ask the questions of what's in

00:20:01.740 this bill what are we funding where is it coming from and that's why this latest bill um it has an

00:20:08.200 offset and it's driving all it's driving them crazy you know you're going to take money from the irs this

00:20:13.500 this crazy idea of hiring how many you know a hundred thousand more or whatever new irs agents

00:20:20.680 to pray upon innocent americans that don't need it and um and he's going to take the money from that

00:20:26.940 and and and and use that in the israel defense instead of just taking it just out of air just

00:20:33.300 printing it which is and they're pitching a fit about it they're pitching a complete and total fit

00:20:38.780 because there's accountability and it takes away from their bureaucratic base that that that keeps 0.98

00:20:44.820 a lot of these idiots up here in office and so it's a it's a stroke of genius and man i'm glad we got him 0.99

00:20:51.440 in there no it's a stroke of genius to do that let me they've got everybody's attention on the 1.00

00:20:58.400 supplementals but the the the government you know runs out of cash again on what the 17th we're you know

00:21:05.200 a week or so away from that you guys continue to pass the appropriations bill they didn't think

00:21:09.440 johnson would get what the government operations done he got it done with democrat votes um in a

00:21:14.320 bipartisan manner uh the the senate the lord the house of lords refuses even to get down and dirty

00:21:21.360 this why don't you guys start talking about a cr and going to january why don't you just call their

00:21:25.980 bluff pass the rest of the appropriations bills and said hey mcconnell schumer it's you you guys

00:21:31.060 haven't done your job over a year just call their bluff if it's got to shut down it's got to shut down

00:21:34.940 what were the folks in east tennessee tell you about that they'll tell me that if we got to shut

00:21:40.860 it down for three days that's a lot better you know these single moms out here these guys out here 1.00

00:21:45.060 digging ditches for a living that don't have time for all this nonsense working 12 14 hours a day

00:21:49.880 trying to keep shoes on their kids and trying to keep food in the refrigerator because inflation's

00:21:54.560 gone through the roof they can't afford gas in their gas tank they're saying those exact same

00:21:59.020 things they're saying cut the spending get this economy back under control and get us back on a

00:22:05.340 fiscal on on the the fiscal path because if we don't they're they're also saying you know if we

00:22:12.060 if we collapse this economy it's going to be a hell of a lot worse than three days of a shutdown

00:22:16.660 i can assure you because those those lines you'll you'll see people in line in line for bread when the

00:22:23.300 when the dollar is depreciated in value to the point of just not being worth the paper it's printed on

00:22:28.460 what what you know ej and tony's going to join us and one of the things i keep telling folks is that

00:22:33.720 this 1.6 of financing and the it's actually a two trillion dollar deficit they're lying about that

00:22:38.600 we know they're lying but even at one seven the budget you're talking about it's another one seven

00:22:43.840 it's in perpetuity it's one seven it's one seven it's two particularly as economy that adds to the

00:22:50.200 debt we're never going to pay off right now on our trajectory we never pay off one penny of the

00:22:55.880 principle it's just you're you're barely keeping up and i've said and ej and i have said because

00:23:01.840 i've done the math and back envelope i strongly believe that we will pass one trillion dollars

00:23:07.120 in interest payments in this current coming fiscal year it's going to be damn close i was right on

00:23:12.120 the two trillion dollar deficit when they lied about it i think they're gonna pay a trillion dollars

00:23:15.100 here's the point we're now in the system of large numbers this thing is this thing has a life of its

00:23:21.720 own do people in the conference understand that that this should be like emergency measures we

00:23:26.660 can't we can't conduct business as we've conducted it before you guys were the voice in the wilderness

00:23:31.440 and and you they try to destroy you folks and now you're saying a lot of them come to the mic behind

00:23:37.040 they got old-time religion do they understand the tough actions that have to come because this is a

00:23:42.220 crisis i i think they do but again they'll move on to the next shiny object if the american public

00:23:50.020 doesn't start lighting up the phones and letting them know and say in fact we are in fact watching

00:23:54.640 this and and that's the trouble in the past nobody you believe too much about what we send to you

00:24:00.040 in our in our memos and our videos and things you need to start asking the dadgum questions that's why

00:24:05.620 when i come off the floor a lot of times just on mundane votes i explain about what's going on and

00:24:11.140 what it affects you down the line and people really respond to that in a positive manner because

00:24:16.580 they're not getting that from the mainstream media the mainstream media is telling us we're

00:24:20.820 look at all the things they've taken from you that's what they'll try to tell you and hell they

00:24:25.280 don't you know life liberty and the pursuit of happiness that's all you're that's all you're

00:24:29.460 guaranteed and it just the pursuit of happiness you're not guaranteed happiness so i i think we need

00:24:35.360 to get back to the basics and you're exactly right and but if people don't don't light up the phone

00:24:39.940 lines of their elected officials we're going to miss this moment mr bannon and then we'll be back

00:24:44.200 right back to the to the big spending republicans that that that uh that we've become unfortunately

00:24:50.340 uh congressman how do people get to all your social media because you come in hot a little bit on uh

00:24:58.100 on twitter uh but i also want to know where to go to your site so people find out more about you

00:25:02.360 now now as you become a big media star every time i cut on cnn or msmc i said there's birchett man look 0.54

00:25:06.860 at that guy he's i don't know i'm very big star of cnn i don't know yeah i told him i'm conservative

00:25:13.020 i'm just not bitter about it so somehow they uh hey at tim birch that that's that's where i light

00:25:20.020 it up mr bannon and i can't thank you enough every time i get the bannon bump and i'm i won't i'm not

00:25:25.580 going to talk about fundraising or anything because that'd be inappropriate in this building but it

00:25:29.540 but uh i can always tell when i've been on your show and i tell you what man you're speaking

00:25:35.280 the working man's language out there folks all over tennessee uh watch you and they love this show

00:25:42.160 they love you and the reason they love you is just because you put the truth out there

00:25:45.440 and dadgummit they're hungry for it because we're sure as hell aren't getting it out of major media

00:25:49.700 sorry for my language i got to put another dollar in the swear jar um the title the title of my

00:25:55.960 country music album will be um i i'll use in a swear jar because that's i'm up to that point now so

00:26:02.640 thank you it's always a pleasure congress and birchett thank you thank you so much for

00:26:07.880 spending time with us appreciate it gosh it's my pleasure you got it right you'd

00:26:12.160 you got it right there from oklahoma and tennessee we need you at the ramparts and you're awakened now

00:26:17.980 you you you understand this in a more sophisticated way than the folks on uh forget capitol hill i'm

00:26:22.760 talking about wall street that it can't continue and somebody's got to make some tough calls

00:26:27.500 and you're you're essentially the adults in the room always remember that with all the stuff you see

00:26:32.960 on tv and just watch it now you can watch it with some discernment say hey that's nonsense that's

00:26:36.460 spin that that's not true they they're avoiding the main issue this is what they never wanted to have

00:26:41.660 happen an enlightened awakened empowered working class and middle class never wanted it to happen

00:26:52.380 but it's happening short commercial break ej's on the other side

00:26:56.480 i know this is hard to believe but we're up against another government shutdown later this month

00:27:13.440 and our wise leaders deal with it how they always do with more spending while lawmakers are high-fiving

00:27:21.320 your savings account continues to lose value because more spending weakens the dollar now end the cycle

00:27:28.580 diversify into gold with the help of birch gold group and listen when you open a gold ira for every

00:27:35.200 ten thousand dollars you spend by december 22nd birch gold will send you a free gold bar let me repeat

00:27:41.420 that for every ten thousand you spend by december 22nd birch gold will send you a free gold bar

00:27:48.000 just text bannon to nine eight nine eight nine eight to claim eligibility before black friday birch gold

00:27:55.300 can help you convert an existing ira or 401k into a gold ira for no money out of pocket and you still get

00:28:02.640 the free gold bar don't let your savings become a victim of the further devaluation of the dollar

00:28:09.700 remember the bricks countries are focused 100 on de-dollarization text bannon to nine eight nine eight

00:28:18.840 nine eight receive a free gold information kit and claim your eligibility before black friday to receive

00:28:25.140 free gold bars on your qualified purchase do it today action action action question who protects the troops

00:28:33.220 who protect us well we will imagine you're serving halfway around the world and you learn the title to

00:28:42.340 your home that legal document that proves it's actually yours has been forged and it's not in your name

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00:29:24.260 protect the title to our homes i'll share updates but for now please join me protect your home's title

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00:31:51.800 first of all they lie and they say we're going to pay for the israeli aid bill

00:32:01.860 by cutting from the irs but it'll balance each other out what tell me in fact what does it do

00:32:09.160 well joe you kind of stole my thunder and i think you could probably come over here and do this as

00:32:13.300 well as i could at this point because i've heard you talk about this but let's just go back and

00:32:17.700 explain how the tax system works or doesn't work and then we'll get to the impact on the budget so

00:32:22.960 the irs collects 2.8 trillion dollars a year roughly in taxes but besides that they also collect 68 billion

00:32:30.680 from what they call enforcement we would think of as audits but they've calculated in a study they've

00:32:36.320 done that there's another 428 billion dollars out there of taxes that don't get paid you can call

00:32:42.740 it tax avoidance you can call it tax evasion whatever you want people who don't report all

00:32:47.940 their income but guess who it is who doesn't report all their income uh in particularly large amounts

00:32:53.580 it's the wealthy so if you look over here by this is by income lowest income highest income folks

00:32:59.520 and what percent of their income they don't report but down here in the bottom 50 percent

00:33:05.860 there's pretty much a high level of tax compliance when you get over here to the top five percent

00:33:11.780 and the top one percent it's a different picture you're talking about people who are not reporting

00:33:16.920 over 20 percent of their income to the irs by various means of how they fill out their tax returns and

00:33:23.720 these are folks who make over six hundred thousand dollars a year here so there's there is a lot of

00:33:28.760 money out there for the irs to collect and and and to the one percent also very high you've got billionaires

00:33:35.600 not paying money uh you've got a million you have some of the richest americans not paying uh avoiding

00:33:42.060 taxes and this is exactly who the republicans are trying to protect right steve it's who they're trying to

00:33:47.580 protect yes they're not they're not paying taxes and what the irs is trying to do is essentially

00:33:52.520 allow them to continue to not pay their taxes so steve let me just like going over to the next chart

00:33:57.400 uh because what's so fascinating is that there are a lot of times you put money uh into agencies and uh

00:34:04.400 people complain you don't see a return but as your next chart's going to point out investments in irs

00:34:11.540 enforcement uh welcome back for a second thing i want to make sure you understand this about the israel

00:34:15.700 financing the cutting of the irs they're all saying 14 billion dollars they are all over oh this is

00:34:22.420 just a republican ploy no hey maga wants massive tax increases for billionaires massive because they're 0.61

00:34:30.820 all progressive lefties hey they've got us in this mess they should pay for it we're all for it and by

00:34:35.520 the way get the irs agents get them in there but we're offsetting the money to israel and we're going 0.96

00:34:40.100 to offset in the irs you're just gonna have to suck on that right and don't give me this investment 0.56

00:34:44.000 is going to be 10 times on the dollar this is all morning mika nonsense uh they put out some bad news 0.70

00:34:49.500 the other day uh about this rollout of each a you've had a chance to walk through how we're going

00:34:56.300 to finance this mess and i want people to understand this this 1.7 trillion which is actually two but

00:35:01.580 the 1.7 trillion is going to be in perpetuity until we face facts that you heard burkeen and

00:35:09.980 burkeen talk about until we face hard facts it's going to continue on and every year you're going

00:35:13.980 to have this discussion uh the biden regime is making a big bet here a massive bet uh and i want

00:35:21.120 people to understand ej and tony from you what this bet is and how it's going to impact their personal

00:35:26.480 life well steve essentially what the treasury is doing here as as they go on this massive 1.6 trillion

00:35:34.980 you heard that right 1.6 trillion dollar borrowing spree over the next six months is they are hoping

00:35:41.200 that interest rates are going to be coming down and the the reason we know that is because they

00:35:45.980 are essentially shifting debt issuances away from long terms to short terms so in other words instead

00:35:52.120 of issuing 30-year bonds for example they're issuing more uh two-year notes so they are again hoping that

00:35:59.600 they can refinance this debt in a couple of years at lower interest rates but if that doesn't happen

00:36:06.840 if the rates don't come down then the interest costs on the debt are not going to come down in fact

00:36:11.900 they're going to continue rising and frankly there's very little indication that we are going to see

00:36:17.120 significant reductions in interest rates absent a serious rise in inflation we simply just can't see

00:36:24.000 rates go lower right now when there is such an incredible demand for loanable funds because the

00:36:29.520 treasury as as we've discussed before steve they're just simply sucking all of the air out of the room

00:36:34.580 right now by borrowing literally trillions of dollars a year but but if you go down range you say let's

00:36:43.820 say you say two year notes in two years another year from now we got to sell another 1.6 trillion

00:36:51.780 because that's what's going to be minimum minimum i think it's gonna be two but 1.6 trillion you got

00:36:57.180 to sell another and say half of that is in short in two-year notes that's 800 billion almost a trillion

00:37:04.320 dollars of another two year and then for the second year you've got to go out you're going to sell

00:37:10.060 another trillion dollars the law of large numbers starts to overwhelm you it's so big it's spinning out

00:37:16.860 of control they can't fight where are they going to find buyers for this where's the appetite out

00:37:21.640 there in the world for for this these these bonds and these notes well steve that's exact i'm so glad

00:37:29.800 you brought this up this is exactly why i am genuinely getting scared for our country and for

00:37:34.940 the american people and why i have to echo what your previous guests were saying about the incredible

00:37:40.380 urgent need to get in contact with your representatives and tell them to slash the budget

00:37:46.620 anywhere and everywhere there is there are no sacred cows anymore okay it is imperative that we

00:37:53.440 get this thing under control pronto i can't emphasize enough how fast this is spinning out of control who is

00:38:00.480 buying our debt foreign countries aren't buying it anymore most countries around the globe are selling

00:38:05.380 our debt whether that's japan or china russia's already sold all of it off who is buying the debt

00:38:11.280 domestically the federal reserve isn't anymore they are selling off their debt holdings as well

00:38:16.160 that leaves it to the american people and every dollar that we continue to lend to the government

00:38:20.660 is a dollar that can't be lent to businesses and to consumers which means you are essentially

00:38:25.940 transferring money out of the hands of private enterprise which will grow the economy and putting

00:38:31.020 it in the hands of government which will shrink the economy and and this is also the scam

00:38:36.520 because of this show there's no longer they're just not sheeps that are going to go be sheared

00:38:41.720 the old pitch that home will put you in government bonds because that's a risk-free investment you're

00:38:48.220 getting lower interest or whatever because it's risk-free and the old 60-40 you know the old 60-40

00:38:53.760 split i got the wall street journal right from it your investment strategy is broken the wall street

00:38:58.760 journal finally caught up and this is about three weeks ago finally caught up to the to the war room

00:39:02.320 uh the sub headline correlation of returns with s&p and long-term treasury bonds price of stocks and

00:39:08.340 bonds move in opposite directions the sub headline is the old 60-40 is completely broken that asset

00:39:15.740 allocation of 60 stocks 40 bonds the the reason is if rates go up your bond principle goes down you

00:39:24.740 can't it's not it's not trading at face amount that's why you got to call a lot of people i know have

00:39:29.040 called their portfolio manager and said hey if you had to mark to market today that bond portfolio

00:39:33.940 where is it oh it's 50 cents on the dollar the american public's becoming awakened this because

00:39:38.620 it's kind of a they kind of got caught into a sucker's play my point is this paper is only movable

00:39:46.240 if people are searching for yield and need yield right and and and that's why they're gonna have to

00:39:52.900 jack rates up that's why the fed itself used to be everybody oh pal held on pal oh pal but now

00:39:58.920 you're actually getting a critical mass of of this 33 trillion that's being financed at higher

00:40:06.680 interest rates that's just going to lock in it's going to be very tough to change interest rates

00:40:11.100 and bring them down other than the bottom falling out of economy which looks like is one of the things

00:40:16.920 they're planning on ej and tony absolutely steve you know we continue to see economic indicators moving

00:40:24.980 in the wrong direction and every time treasury keeps stepping its foot keep putting its foot on

00:40:30.640 the gas here and sending us in the wrong direction faster and faster all of those indicators it's no

00:40:37.140 coincidence continue to point more and more again in the wrong direction and i just don't see how we get

00:40:42.580 out of this without a recession in the first half of of 2024

00:40:46.500 what do you believe that uh wall street's now do they believe that the political class

00:40:55.000 in this country realizes the urgency because this is a crisis now it's no more oh we got to think about

00:41:01.360 the future generations it's this generation right now of what's happening in the lived experience of

00:41:06.640 this audience with credit card interest exploding uh defaults exploding um you know people living

00:41:13.900 paycheck to paycheck and having to gap that with a with a credit card that they really can't afford

00:41:18.400 uh do you think wall street the the the titans of of wall street and the capital markets believe

00:41:23.960 that the political class really gets what this crisis is and what action has to be taken

00:41:28.560 steve i think a small percentage of the older generation do because they can they can recall for example

00:41:36.400 the late 70s the early 80s in their working careers but one of the problems among uh the the younger

00:41:42.660 people on wall street right now is the fact that their entire working lives they have seen essentially

00:41:48.660 zero interest rates and so they have gotten used to that reality and they have forgotten that there

00:41:53.740 was a time before that and that five percent rates are essentially a historical norm and so they're

00:41:59.680 not entirely sure how to adapt to this yet and and because of that it hasn't really dawned on them

00:42:05.640 just how much of a crisis this is and the fact that we are moving very rapidly towards a credit event

00:42:11.480 oh he went there he used the term when you say credit event brother to find i want everybody to write

00:42:23.200 that down in the notebook that follows along at home number two pencil out write it down credit event

00:42:29.140 when you say credit event which when you say that on wall street to financiers it shakes them to the

00:42:36.640 core of their being when you say it seems like a harmless term like credit event what do you mean sir

00:42:42.280 well steve we have to understand just how incredibly linked the financial world is and so when you when

00:42:50.300 you observe something like commercial real estate which is in a tremendous amount of trouble right now

00:42:54.920 and you have a lot of owners of commercial real estate who are going to have difficulty refinancing

00:42:59.300 their debt because not only have interest rates gone up so much but their occupants occupancy rates

00:43:04.060 are just so so low and so they have less revenue and it's going to cost them more to service the debt

00:43:09.660 they have on their buildings that's a recipe for disaster but then combine that with the fact that

00:43:14.320 who actually owns a disproportionate amount of commercial real estate debt it's not the big banks it's the

00:43:20.400 regional banks which are already in trouble because they got on the wrong side of the interest rate

00:43:24.820 trade so they have a very a very large portion relatively speaking of their balance sheets devoted

00:43:30.380 to commercial real estate balance sheets which are already for some of them mark to market underwater

00:43:35.820 you start combining all these things and you realize that the whole financial system is on incredibly

00:43:40.860 shaky ground and although some of the big banks may seem safe their health largely depends on the

00:43:46.880 health of the broader banking system and so this is where you get into the problem of a single domino

00:43:52.440 being able to knock down a whole lot more if you um in thinking through because you've done the best in

00:44:01.120 thinking downrange on this what would you advise people to look at to see how serious they are on the cr

00:44:06.360 on the supplemental on on on on the budget you know the appropriation had been done because up there

00:44:11.620 on capitol hill the republicans people like that are acting like they're living in another reality

00:44:15.980 what would you tell people in this audience if you're smart this is what you should be looking for

00:44:20.660 in terms of what what political outcomes are are we expecting is that what you mean steve

00:44:26.960 yeah yeah yeah what what what what did you see if if this is going to get sorted what would you

00:44:32.460 think would be smart to see on capitol hill to know that they're serious versus just optics and happy

00:44:37.540 talk oh uh not merely a reduction in the increase in spending not merely holding spend spending

00:44:45.860 at the same levels they were uh in september the end of the last fiscal year but a cut from that

00:44:51.640 level because we have to come to grips with the fact that where spending was at the end of last year

00:44:56.880 and therefore where it is right now is not sustainable we have to get the spending down it's not good

00:45:02.780 enough anymore to slow the rate of increase because even if we just hold spending levels steady

00:45:07.920 we are going to continue to spend more than we have and we are going to continue to get further

00:45:12.780 and further down that financial doom loop there is only one way out of this and that's to reduce

00:45:18.100 spending uh ej and tony where do they go for your uh for your social media you're putting stuff up on

00:45:25.240 twitter all the time where do they go for all of it best place to find me is going to be on twitter

00:45:30.160 or x whatever we call it now and the handle there is at real ej and tony

00:45:34.600 ej thank you so much appreciate it thank you for having me we're gonna spend a lot of time with

00:45:42.100 these bills up uh remember they're bifurcating ukraine from israel which the senate doesn't

00:45:48.360 look the senate wants to pass 106 billion dollars on top of on top of the 880 billion dollars

00:45:56.600 going to be approved the trillion dollars basically for defense and national security they're not

00:45:59.980 living in the real world you're living in the real world once again i want to re-emphasize that you

00:46:06.580 are the um the center of discernment you're the center of gravity of reality here to save this country

00:46:14.280 and the two things rapidly uh approaching us is the financial crisis of epic proportions and an

00:46:21.220 invasion of the southern border and the solutions for that are not easy they're not simple in many

00:46:26.200 cases they're not pleasant because these are crises have been driven by the elites for many many

00:46:32.300 decades and now we're here and you've got to be the one to stand in the breach and say we're not

00:46:39.600 going to do this anymore and we're going to take uh active solutions not just slowing down the rate of

00:46:45.980 increase not just staying steady not just even cuts but even going back to like pre-covid numbers

00:46:52.120 and starting to cut from there we have to have massive cuts this is a speech i just gave in

00:46:56.700 pinehurst two things that are happening we have to have massive cuts in discretionary spending

00:47:01.400 one to get close to balancing the budget but two to then be able to convince the american

00:47:05.700 people were serious about this that then you can get into the entitlements but you have to show

00:47:10.540 that you're going to take on the discretionary spending first and remember all those people

00:47:14.480 are getting that the spending all things it's theirs by birthright that they that's theirs it's

00:47:20.820 absolutely 100 theirs that you're taking it away from them that fight's going to be enormous look

00:47:26.560 what's happening these college campuses right now you don't think this is why we had yoram

00:47:31.160 hazani on this morning the connective tissue is that they think you're the colonizer they think

00:47:36.080 you're the oppressor and that is their money they they don't believe you actually have a country you

00:47:40.900 don't deserve a country this is not you just stole it so you don't have any rights to protect it no

00:47:45.700 sovereignty no territorial integrity no self-determination of the american no this is why

00:47:51.040 you know we've got uh oscar blue ramirez down in in from darien gap to tapachula and north

00:47:56.560 with hundreds of thousands of more invaders coming every month with todd bensman says hey it's gonna

00:48:02.580 be 500 000 minimum on top of the eight to ten million they're already here just on biden's watch

00:48:06.720 that's not the 40 or 50 million monica crowley's talking about or brian kennedy are talking about

00:48:12.900 so this is the crisis this is the fight and we're we're we are honored to be at the vanguard of

00:48:18.680 this and when they call us minoritarian vanguardism yes it's 100 correct remembering the revolution

00:48:25.140 at the best day only a third of the people were fighting for it a third of the people were kind

00:48:29.980 of tories we're fighting again it or not supporting it and then you had a third kind of in the middle

00:48:34.380 like you have in anything i'm i'm gonna wait and see who wins this thing and then i'll be on their

00:48:37.940 side i'll grab a flag and jump out in front of that parade and you see that happening all the time on

00:48:42.340 capitol hill and media and all of it we're not we're not we're not that we're not that group

00:48:46.520 we're our stone cold fighters but we need you up to speed on saying a couple of things number one

00:48:52.880 the patriot economy you guys are thinking through about how you participate in the building of that

00:48:57.240 to your own benefit also things like birch gold it's time now and this is why we've partnered with

00:49:03.340 birch gold you got philip patrick you just immerse yourself in the information go there we've put

00:49:08.240 out for the last two years we ain't johnny come lately to this pro this project we knew as soon

00:49:13.780 as biden gotten in here with the chinese communist party and what they'd done the pandemic that uh a 0.88

00:49:20.160 assault on the dollar as a prime reserve currency was upon us and so we took the last couple of years

00:49:25.640 to kind of walk you through it it's all free go to birchgold.com slash bannon particularly the even

00:49:30.340 the four installments the first one you'll find fascinating the politics of of money the politics of

00:49:35.320 currency because that's going to become more and more relevant every discussion we have going

00:49:39.300 forward you heard from burkeen and you heard from birch it everybody's going to the mic in the

00:49:44.460 conference now they're all talking about the fiscal crisis ultimate responsibility that's because the

00:49:48.000 the constituents you out there in the audience have have the pitchforks to the back that you got to

00:49:53.600 focus on this and so that's why you got to go to go to birchgold.com and then talk to philip patrick

00:49:58.840 and think look gold's been a hedge against turbulence for 5 000 years find out why the first

00:50:04.760 question you got to find out why and then connect it to the turbian times you have and think about

00:50:08.440 hey how do i add this to as an asset class to my portfolio how do i do that what's a smart way to do

00:50:14.100 that and that's what the birchgold guys are there to do so we try to lay it out soup to nuts what the

00:50:17.980 issues are what the crisis is and then those guys walk you through how uh how you can um you can uh if

00:50:25.680 not benefit from at least you know get it anchored to windward here um also the home title lot guys the 0.69

00:50:32.860 same thing this is with the the you know with the cyber criminals out there the potential for

00:50:38.260 somebody to come and get your uh somebody to come and potentially you know take out a second mortgage

00:50:44.100 these hard money lenders and i keep saying this once it happens the the issues you're going to go

00:50:49.420 through mainly not paying back not paying back the loan is going to be very difficult that's why this

00:50:55.600 thing's so crucial and that's why you should go and immerse yourself in content there okay we got a lot

00:51:01.660 to go through in the next couple days you got a man the ramparts we put together a app bill blaster

00:51:06.180 that you can get on apple or go to grace and mo on the uh on the live stream and talk to them about

00:51:11.220 it it's to give you more operating leverage uh you are the drivers in this when you say it's

00:51:17.500 providential mike johnson's providential yes but god only works the human agency that was your agency

00:51:23.320 you've done this you've done it and you've done it in an incredible way uh and that's why we're

00:51:28.280 going to be hammering these topics remember the speech i gave was that you're going to you have

00:51:31.780 to have massive cuts to discretionary spend at the same time you have to not just seal the border you

00:51:36.740 have to start the deportation of what will probably be i don't know 12 14 15 million people big as well

00:51:43.740 i don't know the seventh or eighth state in the union and it didn't happen by chance it happened by

00:51:48.320 design it happened by design and that's what you're up against but we're winning and they know

00:51:54.580 we're winning that's where they're coming after you even harder than they've ever that's where

00:51:57.540 they come after mike johnson they're going to tear him apart they're going to tear him apart like

00:52:01.260 they're trying to tear trump apart last thing make sure at jace medical they this is another one box

00:52:06.880 check uh this team dr rallin and the team took uh rosemary gibson's book and turn it into an action

00:52:13.040 and what you ought to do is go to the site right now jace medical.com just to check and say hey is

00:52:17.960 this right for me i don't want to be caught in an emergency i want to make sure i've got my

00:52:21.980 appropriate medicines how did these guys help me out because remember the chinese commerce part is

00:52:25.760 going to use every bit of leverage they probably got in this war and unrestricted warfare and now

00:52:30.960 we're sliding into the kinetic part okay i'll be up on getter all evening we got a lot going on

00:52:36.520 uh tomorrow be back at 10 o'clock show is going to be on fire big saturday show i think we're doing

00:52:41.100 a special a part of it's going to be a special you're going to love uh we'll be live doing that uh

00:52:46.280 and if we can pull it off we'll announce it tomorrow but we'll see you back here at 10 o'clock

00:52:50.340 tomorrow morning check me out and get her uh and remember you're fighting the good fight and you're

00:52:54.780 winning

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Bannon's War Room - November 03, 2023

WarRoom Battleground EP 408： House Votes On Israel Aid; Trump Live From Houston Texas

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