On today's show, Stephen K. Bannon is joined by Jeffrey Tucker to discuss the latest economic data from the Atlanta Fed, which points to a recession in the first quarter of 2020. Plus, a look at how the legacy media is weaponizing the economic data to attack President Trump.
00:03:47.700We've been taking them apart month by month, showing that none of these numbers make any sense.
00:03:53.460And we came out with a study in October trying to give the heads up, and the study documents this, that we've been in recession since 2022.
00:04:01.760But it's just been unannounced, you see?
00:04:03.900And in fact, in 2022, we had two successive declining quarters of real GDP, and that is a recession.
00:04:15.360But the national media said, oh, that's not a recession.
00:04:18.180That's only just what it looks like a recession, not really a recession, because look at the strong jobs numbers.
00:04:22.800Well, the jobs numbers were never strong, and those jobs numbers are now being revised now.
00:04:28.460And so what's happening is what's going on.
00:04:30.360Even if the economy starts to grow, and even if output expands, and even if we're going to see some more investment and inflation cools, it's not going to be told to us that way.
00:05:07.060I mean, things have been in bad shape for a number of years now, partially because of Biden's policies, which never really took us out of the problem that emerged from the COVID lockdowns.
00:05:35.220And to that point, Jeffrey, I'm curious, because a lot of times these narratives, right, that the legacy press hypes up, obviously the American people don't always fall for them, or in the case of the whole constitutional crisis, fear mongering.
00:05:46.740It's so not rooted in anything substantive that I think it's easy for people to overlook it.
00:05:51.360But this does seem to be like an interesting narrative.
00:05:54.880In other words, the ramifications or repercussions, not just domestically in terms of, you know, all things finance and just fiscal and deficit and stuff like that, but also internationally, the dollar on the world stage.
00:06:06.940What do you think, you know, say they run with this narrative?
00:06:09.580What do you think the potential threats down the line would look like or would shape up to be?
00:06:16.400I think what they're trying to do is panic the Trump administration into stopping the cuts and the bureaucracy, to stop the tax cuts, to stop rolling back the deep state, you know, to panic them into, you know, lower interest rates, increased spending, that sort of thing.
00:06:38.860You know, Natalie, my worry about this is that these numbers that are coming out from the BLS and the Commerce Department, they might – you know, I think they've been manipulated for years.
00:06:51.200Like I've lost any real trust in these numbers.
00:06:57.080The problem is that they're the only numbers we have.
00:07:00.020They're the numbers that Wall Street thinks are – thinks that everybody else thinks are credible, right, even if they're not.
00:07:09.920And I think also – here's the other problem.
00:07:14.640When you have the national media screaming the economy is in terrible shape, that's going to tap into some sense that people have that, yeah, that's kind of true.
00:07:25.220I mean, I'm – my real income is down.
00:07:28.760Things are not going well for me personally.
00:07:31.660I was better off five years ago than I am right now.
00:07:34.220So they're going to be looking for somebody to blame.
00:07:37.500And then you've got Trump in office, right?
00:07:41.480And unfortunately, the expectations – I'm not sure about this.
00:07:44.160But I think there's a sense that Americans don't – maybe there isn't a good enough public understanding of the lag between policies and their effects.
00:07:55.260Like a lot of the things that Trump is doing right now are economically – are going to rebuild a lot of this country.
00:08:14.380And this is just one of many, many threats that are facing Trump from sort of deep state media allied interest groups that are trying to prevent this change from happening.
00:08:26.520And to ensure that the Trump administration is a failure.
00:08:32.300Of course, I have, I guess, a front row seat to the attempts to sabotage President Trump and his administration.
00:08:39.760Before we pivot, I guess, speaking of that, to Ukraine, I'm just curious, too, your thoughts on how the sort of doge interplay, right?
00:08:46.500These massive cuts and firings, terminations of federal workers.
00:08:50.640I think today we've already started seeing some numbers in terms of, like, unemployment spiking here in Washington, D.C.
00:08:56.060That having already significant impacts on the economy, not just here in the Beltway, but across the country writ large.
00:09:02.340I'm curious, first of all, how you think that whole doge sort of, you know, deconstructing the administrative state is being rolled out.
00:09:09.000But more importantly, if you could see that sort of ironically or, I guess, paradoxically be used against President Trump in terms of the fiscal messaging.
00:09:16.620Well, so I, you know, I don't know what I would do if somebody gave me the job.
00:09:21.800Okay, here's, here's, you know, 2.4 million administrative state employees backed by, you know, with a global welfare state.
00:09:34.300You know, I'm not sure how I would do that.
00:09:36.820So I think, you know, given everything, I think doge is doing a very good job.
00:09:40.760One of the things, Natalie, that emerged over the last several weeks is the single most startling thing I've heard in my life, in my career consciousness.
00:09:55.640After they entered the U.S. Treasury's payment portals, after Doge entered there, there was a panicked article in the New York Times written by five former secretaries of the Treasury.
00:10:10.760And what they said in that article is that no elected official or outside appointee has had access to the payment portals of the federal government in 80 years.
00:11:18.080And, you know, you can – I asked Grok how much money has been spent by the federal government since 1939.
00:11:25.620In real terms, it's over $200 trillion.
00:11:28.800So $200 trillion has come and gone from the federal government without any kind of proper standards of auditing, any elected official really having a clear, verifiable industry standard way of tracing the money.
00:11:46.460They already found $4.7 trillion was leaving the Treasury without being properly tagged as to his congressional authorization.
00:11:55.480This is what – this is the scale of what we're dealing with here.
00:11:58.900And if it makes you wonder, like have dark thoughts about what's really been going on, I think that's probably correct.
00:12:07.940And so Doge is just at the beginning of discovering some of this.
00:12:13.560I don't know what is going to be a more concerning audit, that of the Treasury or Fort Knox and the Gold or Ukraine.
00:12:20.840I think we'll probably find equally concerning results from both of them.
00:12:26.000Jeffrey, before we let you go, I just wanted to give you a few minutes.
00:12:28.560I know you really have tracked – even from, I think, you know, the Brownstone Institute, which is something that this audience really respects.
00:12:34.580You guys are certainly not the war room.
00:12:38.080You guys come at it from a very academic and intellectual perspective.
00:12:40.900But I think you guys sort of shared our analysis of this war from the get-go.
00:12:46.160I think it only sort of metastasized in terms of the corruption or at least how transparent it became to the American people.
00:12:52.940But just a few minutes on what we saw transpire in the Oval Office today, I think sort of confirming what this show has been saying for years.
00:13:01.240Yeah, so, Natalie, I think today was an epically important day in American history.
00:13:08.620And the reason for that is that since – all the way since the Great War, since World War I, American diplomacy has always been clouded behind mystery and strangeness.
00:13:18.240There's been a kind of a religious aura around it, magic people in dark rooms doing strange, amazing tricks.
00:13:27.800And then they go in public and say, oh, our nations are working together.
00:13:32.840And we've been – we've not really seen behind the curtain.
00:13:35.860It's never seemed like human before, before today.
00:13:39.720Today, the curtain was pulled back and we saw the reality, right, of, you know, entitled mentality, give me my money, of, you know, screw you.
00:13:52.480I mean, the names are flying at each other.
00:13:55.060You saw frustration, anger, lots of normal things that people have in their real lives, in their families, in their community.
00:14:02.280I mean, these are – what we saw today was really without precedent in the history of modern statecraft.
00:14:09.660And I think it goes along with what's happening in our world right now, which is really exciting.
00:14:16.880The loss of trust basically in everything is leading to an unraveling of the sort of managerial administrative state where the curtain is being pulled back.
00:14:29.760It's like statecraft is being humanized and we're getting a front row seat to what's really going on in the world, how these people really are and their attitudes they have.
00:14:41.220And I – watching that exchange today, it just – it made me angry, actually, when Trump said, we've given you $350 billion.
00:14:55.140You know, I mean, like, it was outrageous.
00:14:57.400But I think everybody should be deeply, deeply excited and grateful for having a front row seat to what's really going on.
00:15:07.860The mystery is just fading away and we're seeing the realities and they're ugly, they're terrible.
00:15:14.920And I'm glad that at least we have a president willing to be transparent about this and show it so it's really going on and be a good guardian of American tax dollars and American interests.
00:15:28.620So I thought that was a thrilling thing to watch.
00:15:31.000I'm very clear why they fought so hard to keep new media out and have been so, I think, hostile and aggressive to the presence of people like myself, Brian Glenn, and all these other new outlets.
00:15:42.560Maybe we've got to get you a press pass too while we're at it, Jeffrey Tucker.
00:15:49.300I won't make you suffer through what I have to go through every day dealing with those depraved people.
00:15:53.980I can't imagine, Natalie, I didn't realize, we're all learning all these things every day, right?
00:15:59.220But I didn't realize until this week the role of the White House Correspondents Association and the monopoly they held on access to White House reporting.
00:16:09.480And how long have they held that monopoly?
00:17:17.100You were one of the brave swimmers who fought this transgender madness, which I guess recently brought home a huge win with President Trump's executive order.
00:17:27.680I think I saw you at the White House that day.
00:17:29.980I think this is your war room debut, so welcome.
00:18:42.800So my biggest message, I mean, there's really not much more to it, is if you're in Wisconsin, if you know someone in Wisconsin, I know it doesn't seem like it's an important year.
00:18:50.880But you have to go out and vote on the Supreme Court race.
00:18:54.200We have this guy, Brad Schummel, running.
00:18:55.740He is the candidate you need to vote for.
00:19:00.800We can't let Soros and his big money win.
00:19:02.720And we can't allow them to redistrict Wisconsin and prevent us from losing other House seats and also losing other lower-level seats as well.
00:19:11.560Democrats are obviously super desperate since they lost essentially all levers of institutional and governmental power, right?
00:19:17.860In the last election, we've been tracking how they've sort of been outsourcing elements of the resistance, particularly to states where they have either supermajorities.
00:19:26.420I think Politico was just reporting yesterday that every day at 4 p.m. Eastern, every, I think, of the 23 Democratic state attorneys general, they all meet on some Zoom call to try to plot and plan the resistance.
00:19:38.940And I think elections like these speak to that sort of resistance force against President Trump.
00:19:43.780You alluded to, you were saying that there's similar races going on across state by state, similar kind of dark money groups pouring and piling in.
00:19:51.200Can you sort of give our audience maybe a kind of sweeping overview, too, of other elections that they need to be on the lookout for or even election integrity issues where we kind of stand on that front?
00:20:01.340I know you guys are certainly on the front lines of fighting that good fight.
00:20:04.680Yeah, well, Pennsylvania, obviously, our favorite state that we've worked on with Scott Pressler.
00:20:11.260They also have a Supreme Court race, and that one is equally important.
00:20:15.820We're also working, and personally, this is something I work a lot on, is the New Jersey governor's race.
00:20:21.300There's also a governor's race in Virginia this year.
00:20:23.580I mean, there is just election after election, year after year.
00:20:26.100And I think the thing that we all forget, and what I'm starting to see, people, is we are so excited riding that wave off of winning so big in November, right?
00:20:42.240And I'm seeing people that I go out into the streets in New Jersey and other places when we're working with these Republican voter groups, and they say things like, well, we just won in November.
00:22:21.280I mean, we need all the help we can get.
00:22:23.780This is the type of thing that does not just get done by the big names.
00:22:27.160It is the grassroots people that get these things across the finish line, and that is really why we won Pennsylvania.
00:22:33.980It was the desire of the people in the state to do that.
00:22:36.600So if you are in one of these states where there's a race going on, you need to be active.
00:22:41.540You need to want to be involved, and you will help accomplish this.
00:22:45.240And that's really what is so valuable about all of this is it's not, again, a couple of big-name people or really famous people.
00:22:52.200It is the grassroots people that get this done.
00:22:54.340And so if you are watching this and you are just a local, everyday person voting, you can have an impact and you can help win these elections.
00:23:01.540Paula, thank you so much for joining us.
00:23:03.960If people want to follow you, stay up to date with everything you're working on, not just the early vote action stuff, where can they go to do that?
00:23:14.260Actually, tomorrow I will be there in New Jersey.
00:23:17.600If anyone watching is in New Jersey and wants to go to the Gun for Hire gun range, Scott and I will be there tomorrow, registering voters, talking to the people, and just really being boots on the ground there.
00:23:28.220And so I will see a lot of you guys out on the road in many of these states.
00:23:32.460And I appreciate you, Natalie, for the time and giving us this opportunity to talk.
00:23:36.080And I'm sure we'll have more updates in the future.
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00:32:46.300Yeah, I don't think I'll ever get tired of watching that clip, and I think it's because it encapsulates the anger and resentment and dare I say lust for retribution against not just Zelensky, right?
00:33:02.640He's a representation, a symptom of a much broader and more systemic problem, right?
00:33:08.080I sort of think of him akin to these World Economic Forum puppets that they've boasted about embedding and infiltrating cabinets across the world, right?
00:33:17.440People who represent a broader agenda and they're too dumb or narcissistic or maybe gaslit by Karl Rove and his merry band of idiots at the Hay Adams Hotel, not being specific with any of my examples, but people like him and what you just witnessed today, that is a paradigm shifting moment in American politics and, frankly, in American history.
00:33:42.020And I know for so long, President Trump has always been described as a transformational president because he has reoriented the political spectrum, right?
00:33:51.340It's not just Democrats and Republicans.
00:33:56.080But I think what we've seen on full display today is that it's actually just the people who love this country and think that America first shouldn't be some radical policy proposition.
00:34:08.540That should just be the way of the frickin' world, because we're all American citizens, those of us who came here legally.
00:34:15.260And it's that sect of people against people like Adam Schiff and these warmongering neocons who, despite Zelensky being so disrespectful to President Donald J. Trump, who, yes, I'm sorry, Adam Schiff, is your president.
00:34:31.020And he won the popular vote at that, so take that, still feel the need to put out aggressively hostile tweets dunking on President Trump on the world stage, saying that it's actually, and we can toss them on screen, Zelensky, who's the leader of the free world, and that he's the hero and that President Trump was the villain during that meeting.
00:34:53.260That coming from a sitting member of the free world, that coming from a sitting member of the United States Senate.
00:35:00.420Now, look, I know we throw the word treason and traitor around a lot, but if you're publicly bragging and boasting for the leader of, dare I say, a hostile foreign country to prevail and be successful over the president of the United States of America,
00:35:19.340well, then I just think that you're probably deserving, not just of the moniker Schiff D. Schiff, but of something much worse, because that's quite treasonous, that thing that you see right there on screen, right?
00:35:35.420All those people who wave the Ukraine flags and they have the Ukraine pins up, those people need to take those pins off.
00:35:43.640They need to stop flying the flags after what happened today.
00:35:48.220Look, they never should have done it, but especially after what happened today.
00:35:55.060And it's a very strong reminder, right, for those of us who, I don't know, have actually read something called Constitutional in the History of this Country, the founding documents, right?
00:36:05.500George Washington's farewell speech, talking about warning against no entangling alliances.
00:36:11.800Well, what you just witnessed today is the precise reason why.
00:36:16.920And Zelensky, who was high on his own supply and overdosed on the, I don't know, K Street USAID mantra
00:36:23.840that for some reason democracy needs to prevail over every single other thing, including fiscal sanity
00:36:31.120and the value of American citizenship, sovereignty, and your tax dollars.
00:36:37.200Well, he thinks he can waltz into the Oval Office and lecture a country that has given him close to half a, what, trillion dollars?
00:36:44.540Because it shows you how far gone that globalist mindset is.
00:36:53.760And then the best part, he then goes to the Hudson Institute after, despite President Trump canceling
00:37:01.280his subsequent presser with Zelensky, but I guess the K Street think tanks will still have him.
00:37:09.100And that shows you how these forces are aligned.
00:37:12.420So the next time you see someone wearing a Ukraine flag pin, it's no longer, I think, just for the photo shoots and the optics.
00:37:21.320It's to signal to you that they actually hate this country.
00:37:25.540And sure, I think we've known that for probably longer than just today.
00:39:16.720But part of it is going to be the mineral deal and, quite frankly, to avoid those unnecessary entanglements and, quite frankly, perhaps lead us to World War III.
00:39:25.460I think that's something that's got to be very cognizant on all of our minds when you look at this Russia-Ukraine conflict.
00:39:32.000And, Congressman, you certainly applied that fighting spirit to—there's so many to keep track of it.
00:39:37.260I know you've been introducing a lot of impeachment articles.
00:39:39.300But these judges who are blocking, it seems like, at every level, every single executive order that the Trump administration is putting out, can you sort of walk the audience through the different judges that you have introduced articles against and sort of make the case?
00:39:54.040I'm sure MSNBC's heads are going to explode when you walk through it, not just for the Trump third-term stuff.
00:39:59.960But just walk us through why you think impeaching some of these judges is the right course of action.
00:40:05.800Yeah, so if you go to at Rep Ogles, I actually did a video and identified 11 different judges for different reasons that are defying the Trump administration.
00:40:14.600I have—so there's four that currently have articles of impeachment that have been drafted or in process.
00:40:19.400I have two of those, one of those against Bates and the other's Ali.
00:40:23.500And so, for example, the Supreme Court had to step in and push back or, quite frankly, put Ali in his place because, again, it was judicial activism.
00:40:34.060He was trying to force the Trump administration to spend billions of dollars overseas.
00:40:38.480I mean, that's clearly under the president's purview.
00:40:40.860James Madison warned us about an overactive, all-too-powerful judiciary that's coming to play right here, right now.
00:40:47.380And if we in Congress, if we don't do something about it, then that's on us because, again, our founding fathers all those years ago warned us about this very day.
00:40:55.860Then the other judge was trying to put the transgender transitioning of minors, mind you, minors back on government websites.
00:41:03.640Well, I call that child abuse, and that dude needs to be in prison.
00:41:07.720But that being said, you know, it's important for us to lay down these gauntlets, to have these articles of impeachment.
00:41:13.400Then I've got to prod the speaker to let me run them.
00:41:15.940But, you know, when you look at the articles of impeachment in Congress, it's high crimes and misdemeanors.
00:41:23.440So you may have someone who didn't actually, say, break a federal statute.
00:41:28.160But what they've done, this activism, I think, rises to that occasion where they've brought their political party, their political opinions into the courtroom.
00:41:37.300Look, they can have an opinion when they're at home, but their opinion at the bench should be based off of the Constitution and the law, not off of politics.
00:41:44.880Well, and a lot of these judges have extremely radical left-leaning conflicts of interest, whether it's them themselves, some of the statements they've made on the record, the spouses, the family members, the charities that they sit on the board of.
00:41:58.260But I'm curious, you said that this is all sort of dependent on Speaker Johnson letting you bring these to the floor.
00:42:04.880First of all, you know, is there a sort of an ideal time frame on that?
00:42:08.600Have you had any discussions with him?
00:42:10.660But do you feel that there is support, not just from Speaker Johnson, but from the conference more broadly,
00:42:16.620to pursue impeachment against some of these judges, or at least some of the most radical ones of the 11 that you've identified?
00:42:25.680Yeah, I think what you do is you pick the one that's most egregious that would, quote, unquote,
00:42:29.380rise that level of high crimes and misdemeanors or misdemeanors in this case, and then we move forward.
00:42:35.560It would go through the Judiciary Committee.
00:42:38.320It would have to be blessed by the Speaker for Jim Jordan to move it.
00:42:41.140But that being said, is I'll continue to prod.
00:42:43.360Now, look, we've been working on the budget, budget reconciliation with the Senate,
00:42:47.320so that's really taken most of the bandwidth of Congress at this point.
00:43:41.600So I have to ask the question, is his allegiance to the U.S. Constitution or the Canadian Constitution?
00:43:46.340I do call that into question because right now, the way he's ruling at the bench, even the Supreme Court had to step in to put him in his place.
00:44:30.200But in terms of, you know, there's the ongoing sort of, I guess, tussle between the FBI, the Southern District of New York, Pam Bondi's office over these Epstein documents.
00:44:40.540Your sort of thoughts on where we stand on that fight in terms of Southern District of New York refusing to hand over documents despite the attorney general saying that she had the list on her desk.
00:44:55.100Do you sort of believe the theory of the case being that rogue agents within the FBI are refusing to turn over documents?
00:45:01.240Or have you been able to get any answers on that?
00:45:04.640Well, I mean, I think we've seen President Trump's first administration.
00:45:09.080You had actors, people in the government that were working for the president under various departments that literally worked against the president of the United States.
00:45:19.320There was a hot mic just a few weeks ago.
00:45:21.240Someone working at Homeland Security saying that they were going to undermine the secretary because they didn't like her.
00:45:27.060And so as we go forward, these people need to be fired.
00:45:30.040That's why Schedule F is so important.
00:45:32.040But specific to the Epstein files, that's why I have the PETO Act, the Preventing Epstein Document Obliteration.
00:45:38.120It requires that these documents be identified and preserved so that the due process can take place and there can be investigations.
00:45:45.400And look, like you said, the Southern District of New York seems to be hiding or withholding evidence from the attorney general.
00:46:34.180And they are two great Americans who truly, truly want to serve their country and the president.
00:46:39.700And so I have faith in what they do next.
00:46:41.160And, Congressman, just real quick before we let you go, where we stand on all things budget resolutions, CR, government shutdown, all that jazz.
00:46:49.940I get deja vu every time we have to talk about this.
00:46:52.540But, unfortunately, the swamp is still swamping.
00:46:56.280Well, you know, we did get the budget reconciliation passed through the House.
00:47:01.380Now, as one of the most conservative members of Congress, it wasn't quite good enough for me.
00:47:05.800But we in the Freedom Caucus, we got it.
00:47:08.200We pulled the conference as far right as we could.
00:47:10.320So we've kicked it over to the Senate.
00:47:12.220My guess is that they'll solidify or make permanent the Trump tax cuts.
00:47:16.980They may change some of our cuts, may make it less aggressive, quite frankly.
00:47:20.900But it's a step in the right direction.
00:47:23.140And the good thing about reconciliation, it's a simple majority instead of the standard 60 votes.
00:47:27.880And so I think we'll also be looking at what do we do with the debt ceiling, because that's something you want to take off the table and not let Democrats hold over the president's head here in the next six, eight, ten months once that comes to a head.
00:47:39.660So as we move forward, we're in a good place.
00:47:41.900It's not as conservative as I would like or, quite frankly, what you would like.
00:47:51.600And that's what we got for the American people.
00:47:54.420Congressman, thank you so much for joining us.
00:47:57.160If people want to follow you, stay up to date with everything that you're working on, all the bills, the impeachment articles that you're introducing.
00:49:21.120Zelensky is absolutely reprehensible and a liar and a grifter.
00:49:25.720But he's an emboldened narcissist only because he's been so gaslit by his American globalist elite counterparts here in the United States.
00:49:38.920Just a week ago, the same Senate that apparently wants to nuke President Trump's, I guess, America First agenda by screwing him over on all things budget and fiscal and deficit, stuff like that.
00:49:52.500Well, I guess they found time to go and meet with Zelensky last week and give him, I guess, the reception and praise that probably made him so delusional that he thought that he could walk into the Oval Office and demand probably another standing ovation from President Donald J. Trump, Vice President J.D. Vance, and the entire cabinet.
00:50:12.860Which, by the way, if you watched the whole meeting today, you will note that he actually referred to the Vice President by his first name as J.D.
00:50:22.380I thought that was a pretty jarring moment.
00:51:03.740Frankly, I wouldn't even classify Ukraine as a protectorate.
00:51:07.440I would say they're the geopolitical equivalent of a black hole or maybe, I don't know, an offshore bank account, except they actually have firepower that we've subsidized.
00:51:20.020Oh, and just fun fact, if you didn't know, the Ukrainian arms industry is actually working, as we speak, to set up a new business of exporting arms across the world.
00:51:31.360I wonder where they found all that surplus.
00:51:34.480I think they just overturned some regulation on exporting out, like I said, arms, munitions, you name it.
00:51:55.800And the entire Ukrainian psyop war since 2014 has been a false flag to destroy that country, kill your citizens, your constituents, the people who elected you.
00:52:07.540So, because unfortunately, I think if we've seen anything from pandemics or what the World Economic Forum espouses their ideology to be, to recreate and rebuild a new country, you have to destroy it first.
00:52:23.000I think I remember someone saying that.
00:52:24.780And that's why they're so upset over what President Trump is doing in Ukraine, because under Joe Biden, they destroyed that country.
00:52:33.100And they thought that all the global elites, including the BlackRock and all these swampy investment funds that were going to get to rebuild it, were going to be the ones who would profit off of it and make the decisions about terraforming it and making it into this new, probably World Economic Forum-approved country.