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Speaker 1: Category.

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Speaker 2: The big kahuna is the attack on the courts. You

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Speaker 2: may have seen the headline tonight. We had a federal

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Speaker 2: judge block the big cuts they just imposed on scientific

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Speaker 2: and medical research. The amount of scientific and medical research

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Speaker 2: funding and the way that funding is structured is set

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Speaker 2: up by law, and to cut it unilatterly is to

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Speaker 2: violate that law. So those scientific and medical research cuts

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Speaker 2: have been blocked tonight by a federal judge. We've also

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Speaker 2: had a federal judge block the resign or else threats

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Speaker 2: against millions of federal workers that are trying to induce

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Speaker 2: them into quitting their jobs. That has been blocked by

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Speaker 2: a federal judge.

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Speaker 3: We've had a.

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Speaker 2: Federal judge block the elon musk improper access to the

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Speaker 2: Treasury's payment system that has been blocked by a federal judge.

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Speaker 2: We've had a federal judge block their efforts to send

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Speaker 2: three Venezuelan men to Guantanamo. We had a federal judge

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Speaker 2: block the release of the names of FBI agents who

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Speaker 2: worked on January six cases. We've had three different judges

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Speaker 2: block the effort to overturn birthright citizenship. The American principle

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Speaker 2: enshrined in the Constitution that says, if you're born here,

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Speaker 2: you're an American. We have had two federal judges now

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Speaker 2: block the government funding halt. We have had a federal

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Speaker 2: judge block the shutdown of USAID and the order that

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Speaker 2: everybody at USAID has to be fired or put on leave.

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Speaker 2: We've had judges stop thing after thing after thing that

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Speaker 2: they've been trying to do, and all of those losses

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Speaker 2: in court. And we were only three weeks into the administration.

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Speaker 2: How have they lost in court this many times already. Well,

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Speaker 2: it's because they're doing a lot of things all at

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Speaker 2: once that seem, at least at first glance, to be

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Speaker 2: quite illegal, and so judges are stopping them from doing

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Speaker 2: these things as fast as.

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Speaker 4: Lawsuits can be filed.

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Speaker 5: Oh, you're right, we've got our toes right on the

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Speaker 5: edge of a constitutional crisis here.

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Speaker 3: But here's the thing.

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Speaker 5: It may be the case that Donald Trump is so

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Speaker 5: full of confidence that he thinks he can wave his

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Speaker 5: wand and whatever he wants to happen will happen, and

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Speaker 5: in many cases he will be right. For example, the

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Speaker 5: Republicans in the Senate just go ahead and confirm people

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Speaker 5: for jobs that they know they are not qualified for

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Speaker 5: so they will cowtow to him.

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Speaker 3: But I don't think that's going.

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Speaker 5: To happen with the courts. And here's the next part.

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Speaker 4: They may not be.

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Speaker 5: Able to force Donald Trump to do something, but Donald

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Speaker 5: Trump isn't actually the guy who puts in the orders

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Speaker 5: and cuts people's paychecks. There's somebody else in the system

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Speaker 5: who does that.

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Speaker 3: And they're a click.

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Speaker 5: Down from Donald Trump, and a click down from that,

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Speaker 5: and a click down from that. And when a federal

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Speaker 5: court issues an order and then gets people in front

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Speaker 5: of them and says you either follow that order or

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Speaker 5: find yourself in contempt, now we're going to see whether

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Speaker 5: or not those are people who are going to say, oh,

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Speaker 5: but Donald Trump told me, And Jo's gonna say, I

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Speaker 5: don't care what Donald Trump told you. I'm telling you

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Speaker 5: what the law is.

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Speaker 3: You follow the law.

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Speaker 4: And you know my view right now.

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Speaker 5: Is the courts are where we are hanging on to

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Speaker 5: our constitutional structure. They still have the power to hold

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Speaker 5: everybody else in this country in contempt if they do

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Speaker 5: not follow lawfully issued court orders.

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Speaker 2: So the fact that they're defying the court orders directly

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Speaker 2: has bad consequences. USAID still being shut has bad consequences.

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Speaker 2: Those funding halts still have bad consequences. But categorically the

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Speaker 2: most important thing here is their willingness to defy the courts,

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Speaker 2: because that is the ultimate autocratic breakthrough. A declaration that

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Speaker 2: the rule of law does not apply to them, that

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Speaker 2: it cannot constrain anything they want to do. That is

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Speaker 2: worse than anyone outcome right. That is a forever decision,

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Speaker 2: that means nothing anyone else wants, and no court ever rules,

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Speaker 2: will ever again have any impact on what our government

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Speaker 2: wants to do to us. That is a category of

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Speaker 2: its own. That is the key to autocratic breakthrough, and

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Speaker 2: that is where we find ourselves on the precipice looking

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Speaker 2: over the edge tonight.

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Speaker 6: This is the primal screen of a dying regime.

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Speaker 7: Pray for our enemies, because we're going to medieval on

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Speaker 7: these people.

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Speaker 6: You've not got a free shot.

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Speaker 8: All these networks lying about the people, the people have

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Speaker 8: had a belly full of it.

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Speaker 3: I know you don't like hearing that. I know you

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Speaker 3: trying to do everything in.

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Speaker 6: The world to stop there, but you're not going to

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Speaker 6: stop it. It's going to happen.

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Speaker 4: And where do people like that go to share the

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Speaker 4: big line? Mega media. I wish in my soul, I

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Speaker 4: wish that any.

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Speaker 3: Of these people had a conscience.

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Speaker 8: Ask yourself, what is my task and what is my purpose?

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Speaker 7: If that answer is to save my country, this country

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Speaker 7: will be saved.

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Speaker 3: War Room.

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Speaker 4: Here's your host, Stephen K. Bath morning. Welcome to the

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Speaker 4: War Room. Dave Brat sitting in with the great Steven K. Bannon.

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Speaker 4: We've got a heck of a show for you.

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Speaker 7: Rachel Maddow saying, we're going over the precipice, So we're

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Speaker 7: going over the edge. We've got Mike Davis first to

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Speaker 7: respond and to give us an overview of what does

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Speaker 7: this really mean? Right, we can go over the details

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Speaker 7: on usaid. We've been covering all that, the grotesque spending.

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Speaker 7: They'll never tell you that the people sent to Guantanamo

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Speaker 7: may have committed heinous crimes. And then they talk about

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Speaker 7: misinformation the left. Everybody knows the timeline going back to

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Speaker 7: Trump sixteen. The Washington Post was doing disinformation. Fifty one

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Speaker 7: intelligence officers with the Stele dossier, putting up false information.

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Speaker 7: Judges Steve Bannon and jail Peter Navarro in jail, Trump

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Speaker 7: assassination attempts, and Rachel's just now noticing that there may

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Speaker 7: be a few issues with our legal system and our

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Speaker 7: justice system.

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Speaker 4: And later in the show, it's.

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Speaker 7: Some interesting comment Terry from Joe and Mika this morning

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Speaker 7: on their show about the decline of religion and that

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Speaker 7: some people are replacing religion with politics on the conservative

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Speaker 7: side of the ledger. All political views are my own,

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Speaker 7: there's a bit of truth than that, but I'd love

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Speaker 7: to know what the religion of the left is.

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Speaker 4: They didn't quite get to that.

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Speaker 7: Hey, Joe, for tomorrow show, please let us know what

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Speaker 7: the religion. They had doubted on a doubt that it's Catholic,

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Speaker 7: So that was good to hear, and he said, I'd

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Speaker 7: suggest you take a peak first at the mainstream religions,

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Speaker 7: you know, in the creeds and all that kind of stuff,

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Speaker 7: which is nice good, Uh, But I'm dying to Ojoe

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Speaker 7: over there on the left. I know you claim to

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Speaker 7: be an Alabama, you know, Baptist or something like that,

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Speaker 7: but what's the left? What's the religion of the left?

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Speaker 7: That all has to do with the moral framing of

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Speaker 7: the issues. We're going to talk about all day today

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Speaker 7: and it's Stephen K. Bannon covers all day Uh, and

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Speaker 7: so with that, I want to go over to Mike

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Speaker 7: Davis uh.

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Speaker 4: Article. He's just an unbelievable work.

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Speaker 7: I saw him yesterday with one of our friends working

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Speaker 7: on anti trust. I'm trying to come up with that

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Speaker 7: acronym as well. Uh, but just incredible work. But Mike,

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Speaker 7: give us an.

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Speaker 4: Overview of where do we stand.

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Speaker 7: Uh these courts just you know, back a year ago

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Speaker 7: when we were we didn't have the presidency. Uh, we

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Speaker 7: we're you know, putting our folks in jail.

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Speaker 9: Uh.

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Speaker 7: Now they're talking about justice and now their judges just

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Speaker 7: seem to be able to after the most grotesque violations.

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Speaker 4: Of USA I d have been shown.

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Speaker 7: They're blocking the chief Magistrate as you and Steve Bannon

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Speaker 7: put it. And I want to know where is the

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Speaker 7: pushback against these rogue judges if they do go rogue.

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Speaker 4: Mike Davis, Well, they have gone rogue.

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Speaker 8: They've become activist judges who think it's their job to

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Speaker 8: resist President Trump and the American people.

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Speaker 6: President Trump campaigned on.

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Speaker 8: The facts that he's going to set up DOGE, bring

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Speaker 8: on board Elon Musk, and bring much needed reforms to

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Speaker 8: the executive branch, cutting waste, fraud and abuse, and the

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Speaker 8: American people like what they heard, and they elected President

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Speaker 8: Trump with an overwhelming electoral mandate three hundred and twelve

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Speaker 8: electoral votes all seven swing states. And President Trump is

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Speaker 8: doing the unthinkable in Washington, DC. He's actually doing what

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Speaker 8: he said he would do in the campaign. And you

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Speaker 8: have these activist judges trying to stop President Trump from

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Speaker 8: exercising his core Article two executive powers. President Trump is

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Speaker 8: not trying to steal legislative powers from Congress like Joe

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Speaker 8: Biden did with his student loan forgiveness illegal plan. President

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Speaker 8: Trump is not trying to steal judicial power from the

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Speaker 8: judiciary from federal judges. President Trump is exercising his core

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Speaker 8: constitutional powers under Article two.

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Speaker 6: And that includes, for.

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Speaker 8: Example, telling Foreign service officers at USAID serving overseas that

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Speaker 8: they have to come home within thirty days. That is

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Speaker 8: absolutely within his power as the chief executive officer and

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Speaker 8: especially the commander in chief under Article two. And you

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Speaker 8: have this activist judge, even a Trump appointed judge, Judge

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Speaker 8: Carl Nichols on the DC District Court, a uniparty judge.

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Speaker 8: A big mistake by President Trump in his first term

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Speaker 8: telling the presidents that thirty days is not long enough

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Speaker 8: for Carl Nickel, so he has to give these USAID

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Speaker 8: employees six or nine months or whatever Carl Nichols thinks

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Speaker 8: is the appropriate time. Because apparently Carl Nichols thinks he's

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Speaker 8: the commander in chief, and instead of a District court

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Speaker 8: judge and DC, you have a judge telling the President

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Speaker 8: and his Secretary of the Treasury they can't look at

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Speaker 8: payments in the treasury system. They can't look at the

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Speaker 8: money being spent at the Department of Treasury, so they

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Speaker 8: can find waste, fraud, and abuse. That is clearly unconstitutional.

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Speaker 8: If the President of the United States, his White House staff,

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Speaker 8: including Elon Musk, and especially his Treasury secretary can't look

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Speaker 8: at payments at the Treasury.

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Speaker 4: Department, stop stop on that one right there.

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Speaker 7: Let's go slow mo on there right So Article three

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Speaker 7: project Article one two and three co equal, co equal

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Speaker 7: branches of our government. The courts go rogue and say

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Speaker 7: the Secretary of the Treasury can't do the Treasury can't

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Speaker 7: do his job. Like you just said, what what is

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Speaker 7: the recourse right there? Without having to wait you know,

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Speaker 7: years of litigation. What where does the coequal part come

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Speaker 7: in here?

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Speaker 6: Yeah?

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Speaker 8: I mean you have federal judges trying to sabotage the

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Speaker 8: president exercising his core executive power under Article cul to

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Speaker 8: the Constitution, looking at treasury payments for waste, fraud and abuse.

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Speaker 8: That is clearly within the president's not only constitutional powers,

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Speaker 8: his constitutional duty to take care that our laws are

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Speaker 8: faithfully executed, and that includes appropriations, making sure that money

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Speaker 8: is not being mispensed there's not waste, fraud and abuse.

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Speaker 8: That's the president's job to take care right the under

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Speaker 8: Article two. And you have these judges saying that the

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Speaker 8: presidents can't look at payments.

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Speaker 6: From the treasury. That is absurd.

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Speaker 8: And what needs to happen is the Trump Justice Department

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Speaker 8: needs to seek emergency relief from the Court of Appeals

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Speaker 8: as ap and give the Court of Appeals a deadline

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Speaker 8: that if you don't respond to this by a date certain,

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Speaker 8: we're going to the emergency docket of the Supreme Court

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Speaker 8: of the United States. And I would tell the Supreme

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Speaker 8: Court justices that this is a constitutional crisis that these

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Speaker 8: activist judges have created.

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Speaker 6: And if the Supreme Court is.

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Speaker 7: The time frame on that, I what's in the time

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Speaker 7: frame on that docket I would give?

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Speaker 8: I would give this less than a week. This is

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Speaker 8: such and this is such an abuse of the president's powers.

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Speaker 8: He can't move overseas foreign officials back to the United States,

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Speaker 8: he can't look at treasury payments there these activist judges

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Speaker 8: are doing resistance.

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Speaker 4: So he let me, let me ask you another.

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Speaker 7: Yeah, go ahead, I gotta I got a similar, similar question,

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Speaker 7: you know, JFK. Back when the technocrats actually had a

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Speaker 7: conscience and wanted to do some good world, set up

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Speaker 7: USAI D. Right, and so no problem with the president

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Speaker 7: setting up usai D. But when it goes corrupt for

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Speaker 7: some reason, now the president can't take down usai D. Right.

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Speaker 7: How do you explain that logic where the president has

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Speaker 7: enough power to set up an agency but the presidency

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Speaker 7: Article two doesn't have the power to take down an agency.

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Speaker 7: What and there could be a reason. Did it become

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Speaker 7: law in the meantime? Did Congress and the Senate put.

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Speaker 4: It into law? What's the logic there?

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Speaker 8: So the the USAID was created by executive order. Now

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Speaker 8: they say this executive order was carrying out a statute.

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Speaker 8: I don't read the statute that way. I think that

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Speaker 8: usc I D was created by executive order. So if

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Speaker 8: you can create something by executive fiat. You can take

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Speaker 8: something down by executive fiat, but separate from that even

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Speaker 8: if the even if the issue is not whether you

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Speaker 8: can take down US A I D. The issue is

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Speaker 8: is this judge said, the President can't recall us AI

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Speaker 8: D for an officers back to the United States within

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Speaker 8: six or nine months whatever Carl Nichols, Commander in Chief,

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Speaker 8: Carl Nichols thinks is the appropriate time. That is a

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Speaker 8: clear sabotage of the president's core Article two powers under

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Speaker 8: the Constitution.

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Speaker 6: It is wholly unacceptable.

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Speaker 8: It is extraordinarily dangerous to hobble the commander in chief

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Speaker 8: like this.

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Speaker 6: And so the Supreme Court has to fix this.

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Speaker 8: And if they don't, Congress needs to take a sledgehammer

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Speaker 8: to the judiciary.

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Speaker 6: Go inersite cut their funding.

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Speaker 7: Yeah, very good. Back with Mike Davis after the break.

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Speaker 7: Want to give a shout out you hear what's at stakecare?

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Speaker 7: Rachel Madhow says, we're over the edge, We're over the cliff.

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Speaker 4: We live in unstable times.

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Speaker 7: Please go check out Birch Gold. We got a lots

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Speaker 6: Today.

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Speaker 7: I'm gonna do a mini economics segment, but Gold is

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Speaker 7: They offer the rare service of talking to you human

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Speaker 4: Use your host Stephen k Bat.

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Speaker 7: Back in the war Room, the Great Stephen k Ban

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Speaker 7: and Dave Bratt sitting in today. Mike Davis and I

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Speaker 7: just want to give another shout out to Birch Gold.

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Speaker 4: I'm going to do an in depth economic segment coming up.

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Speaker 7: We're going to give Birch Gold some serious attention coming up,

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Speaker 7: So go see our friends there, support them along with

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Speaker 7: Birch Gold. I want to go back to Mike Davis

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Speaker 7: any summary comments on the courts, but then also notes

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Speaker 7: on our superstars going through the Senate process. Right now,

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Speaker 7: Tulsi gabbered, boy, are they sweating bullets?

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Speaker 4: They do not want her to.

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Speaker 7: Be the voice of truth in front of President Trump

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Speaker 7: on NSC They're sweating and Rachel Bobard I forgot to

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Speaker 7: give her a shout out yesterday.

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Speaker 4: She's another truth teller.

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Speaker 7: Right our side, We've got so many great people. And

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Speaker 7: then of course RFK Junior and the health revolution, right,

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Speaker 7: the kids are sick. There's incredible rises and disease, and

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Speaker 7: they want to pay attention on the left to asterisks

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Speaker 7: and details in the past or whatever instead of the

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Speaker 7: healthy American people. And then finally, our very own Cash

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Speaker 7: Betel right, his writing and unearthing of the crime committed

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Speaker 7: by the government gangsters are stunning. And so, Mike, where

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Speaker 7: do we stand with these three superstars?

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Speaker 6: Well, I would say this the summary on the courts.

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Speaker 8: I would tell these activist judges that if you try

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Speaker 8: to block the President's article to executive powers, if you

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Speaker 8: try to block the electoral mandate President received on November fifth,

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Speaker 8: you are going to feel like backlash from the article

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Speaker 8: three projects. We're going to make sure that Congress does

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Speaker 8: aggressive oversight, including using the power of the purse. And

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Speaker 8: if you think that you're going to meddle with the

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Speaker 8: president's staffing of the executive branch. Maybe you can do

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Speaker 8: your jobs without law clerks. For example, if Congress cuts

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Speaker 8: off your funding, when you lose your legitimacy with the

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Speaker 8: American people, you're going to lose your political support.

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Speaker 6: You're going to lose your funding.

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Speaker 8: So you should think long and hard about that's activist judges,

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Speaker 8: if you want to keep poking the bear and it's

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Speaker 8: not going to turn out well for the federal judiciary,

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Speaker 8: I would have a message to the Chief Justice.

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Speaker 6: John Roberts.

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Speaker 8: I know you care very much about the legitimacy of

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Speaker 8: the federal judiciary, and so in your job as the

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Speaker 8: Chief Justice with oversight caretaking authority over the federal judiciary,

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Speaker 8: it's time for you to step up. It's time for

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Speaker 8: the Supreme Court to use the emergency docket when the

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Speaker 8: case comes to the court and end this radical assaults

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Speaker 8: by these activist judges on the president's.

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Speaker 6: Core Article to powers. So that's what I have to

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Speaker 6: say to these activist judges.

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Speaker 8: As for these confirmations, we have done a very effective

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Speaker 8: job on the War Room, teaming up with the Article

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Speaker 8: three projects to give these senators an attitude adjustments, a

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Speaker 8: much needed attitude adjustments. When President Trump came into office

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Speaker 8: and wanted to nominate his cabinet, some of these senators

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Speaker 8: thought it was their job to pick the president's cabinet,

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Speaker 8: and it is not. The President is entire to the

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Speaker 8: cabinet nominee he wishes to have, so long as they're qualified.

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Speaker 8: Every one of these cabinet nominees are qualified. If someone

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Speaker 8: says that they're disqualified because of personal misconduct, it's their

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Speaker 8: job to come forward with clear and convincing public testimony

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Speaker 8: right and other evidence to prove that someone is disqualified

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Speaker 8: from personal misconduct or for another reason that's not happening.

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Speaker 6: They tried to do that me too.

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Speaker 8: Presumption of guilts that drive political drive by shooting light.

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Speaker 8: They did to Capitol. They tried to do it to Petexseth.

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Speaker 8: It did not work, and it's not going to work

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Speaker 8: from any of these nominees. Because the Article three project

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Speaker 8: and the War Room Posse is on high alerts and

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Speaker 8: we need to finish the job. We have been very

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Speaker 8: successful and getting the War Room Posse to call Home

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Speaker 8: State senators and email Home State senators by going to

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Speaker 8: Article three projects dot org. Article number three, Project dot

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Speaker 8: org and taking action. We have three more big nominees

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Speaker 8: we have to get over the finish line. We have

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Speaker 8: to get Tulsi over the finish line for a Director

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Speaker 8: of National Intelligence. We have to get RFK over the

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Speaker 8: finish line for Health and Human Services, and we have

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Speaker 8: to get cash Betel over the finish line for the FBI.

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Speaker 8: These are bold bipartisan reformers and we need to get

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Speaker 8: them in office. Everyone said they were dead on arrival

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Speaker 8: when President Trump nominated them, and then three days after

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Speaker 8: the War Room lit up the Senate with Article three project.

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Speaker 8: They said, when can they start? And so let's run

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Speaker 8: them through the finish line. Go to Article threeproject dot

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Speaker 8: org and contact your senators on all three of these

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Speaker 8: great biportisan nominees.

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Speaker 7: Yeah, Mike, Hey, I want a little commentary from you.

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Speaker 7: Wall Street Journal has an article out. The headline is

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Speaker 7: okay Steve Mannon's free wheeling shows the hot to stop

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Speaker 7: on DC's media circuit. I think you were up in

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Speaker 7: the tent when they wrote this Inauguration Today by Maggie

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Speaker 7: Severn's But then she kind of gets a little flip

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Speaker 7: through this thing and she says you know, Steve just

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Speaker 7: you know rants and it's random, and it's a bunch

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Speaker 7: of twenty year olds. Why don't you give give a

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Speaker 7: little correction to Maggie on a reporting so she can

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Speaker 7: get you know, why is it that US senators all

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Speaker 7: want to come by the show, like she notes, and

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Speaker 7: US congressman and world leaders, and Steve's got on every

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Speaker 7: secretary that's now in the administration coming out? How can

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Speaker 7: this be on just this free wheeling thing she describes.

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Speaker 7: And then also, I just want to give a shout

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Speaker 7: out to you, Cameron, the producer. She just treats it

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Speaker 7: like a bunch of twenty He's the producer of one

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Speaker 7: of the biggest political podcasts in the country.

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Speaker 4: Abandon is a genius.

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Speaker 7: Natalie Winners has been doing China research, y'uron, Moe, Grace,

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Speaker 7: everybody right, These these so called twenty year olds have

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Speaker 7: somehow produced something magical and powerful and valuable to the

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Speaker 7: American people, and that's why it's become a powerhouse. So

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Speaker 7: give a couple words and receipts as to what you think,

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Speaker 7: what has Bannon put together here? And why is Wall

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Speaker 7: Street Journal Field need to be a little flip about

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Speaker 7: these things?

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Speaker 8: Well, I would say to Cameron Wallace, don't worry, Grace

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Speaker 8: will come and protect you. She's tough, so she'll come

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Speaker 8: and fight for you, Cameron. But I would say this

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Speaker 8: about the warm I am probably the biggest media whore

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Speaker 8: on the Trump side of the aisle. I've done over

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Speaker 8: forty five hundred media hits supporting and defending President Trump since.

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Speaker 6: The marl Lago raid.

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Speaker 8: I've got on CNN, I've got on BBC last night,

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Speaker 8: I've been on Fox. I've been on just about every program.

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Speaker 8: And I'll tell you the most effective hits I do

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Speaker 8: are right here on Steve Bannon's Warroom. We have the biggest, smartest,

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Speaker 8: most active audience on the planets on Steve Bannon's Warroom.

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Speaker 8: The w room posse is by far the secret weapon

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Speaker 8: to President Trump's success because they are smart, they are active,

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Speaker 8: they are engaged, and they actually take action action, action,

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Speaker 8: which is the most important thing that we can do

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Speaker 8: on the right and like going to Article three, project

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Speaker 8: dot org and taken action. We've had fifty thousand Americans

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Speaker 8: make two hundred thousand contacts with their home state senators.

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Speaker 8: That's what gave the Senates the attitude adjustment That's what

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Speaker 8: got Pete Hexseth confirmed.

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Speaker 6: That's what's going to.

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Speaker 8: Get Tulsi Gabbert's and RFK cash Ptel confirmed, and every

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Speaker 8: one of President Trump's executive British nominees confirmed. Is the

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Speaker 8: War Room Posse being the best audience on the planets.

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Speaker 7: Yep, Mike, thanks for being with us. Thanks for all

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Speaker 7: the work you do. I just love seeing your smile

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Speaker 7: and face. You give everyone out here confidence, right, and that's.

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Speaker 4: One of the key and great into the war room.

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Speaker 7: It's just the intellectual confidence you share and give us all.

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Speaker 7: Give us your coordinates one more time. Then we're heading

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Speaker 7: over to Mark Mitchell.

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Speaker 8: Yeah, Article three dot org, Article number three project dot org.

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00:24:03,119 --> 00:24:07,040
Speaker 8: You can donate there, you can follow us on social media.

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Speaker 6: I get. The most important thing you can do is action, action, action, cash.

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Speaker 8: RFK, tolci. Those are your action items for today, war

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Speaker 8: Room Posse.

443
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Speaker 7: Great, Thanks Mike, Thanks, thanks very much. Mark Mitchell.

444
00:24:21,680 --> 00:24:25,919
Speaker 9: You with us, Mark, Yeah, I'm here, absolutely there he is.

445
00:24:25,960 --> 00:24:26,120
Speaker 8: Man.

446
00:24:26,160 --> 00:24:27,400
Speaker 3: I have some good news for you too.

447
00:24:27,400 --> 00:24:30,000
Speaker 9: I'm telling you what the public opinion is lit right now.

448
00:24:30,040 --> 00:24:32,639
Speaker 9: Things are changing fast than I ever expected.

449
00:24:33,680 --> 00:24:36,240
Speaker 7: That's what I want. I've been seeing some polling. That's

450
00:24:36,240 --> 00:24:38,080
Speaker 7: why I wanted to talk to you today. I've been

451
00:24:38,119 --> 00:24:43,159
Speaker 7: seeing seventy percent approval for Trump on keeping his promises

452
00:24:43,200 --> 00:24:44,040
Speaker 7: and some things like that.

453
00:24:44,080 --> 00:24:45,360
Speaker 4: But you're the expert.

454
00:24:45,600 --> 00:24:47,520
Speaker 7: Lead us through for a minute, and then I'm going

455
00:24:47,560 --> 00:24:49,280
Speaker 7: to read a couple ads, and then we're going to

456
00:24:49,320 --> 00:24:50,479
Speaker 7: bring you back after the break.

457
00:24:51,280 --> 00:24:54,040
Speaker 9: Yeah, what's incredible is that number you cited actually came

458
00:24:54,080 --> 00:24:55,560
Speaker 9: from a legacy media outlet.

459
00:24:55,680 --> 00:24:56,639
Speaker 3: That's what's incredible.

460
00:24:56,920 --> 00:25:00,800
Speaker 9: Once you cut off their USAID funding, mysterious, all of

461
00:25:00,800 --> 00:25:03,560
Speaker 9: a sudden, the numbers look like rass must reports. And

462
00:25:03,600 --> 00:25:05,920
Speaker 9: I'll tell you what. Donald Trump's approval rating is pretty

463
00:25:05,920 --> 00:25:08,360
Speaker 9: good right now. It's fifty three percent today and it's

464
00:25:08,359 --> 00:25:11,040
Speaker 9: on the upswing. And that's incredible because people are watching

465
00:25:11,320 --> 00:25:14,600
Speaker 9: what the legacy media is calling chaos and they don't

466
00:25:14,640 --> 00:25:14,919
Speaker 9: see it.

467
00:25:15,000 --> 00:25:16,160
Speaker 3: This is what they voted for.

468
00:25:16,359 --> 00:25:18,520
Speaker 9: People are happier now than at almost any point in

469
00:25:18,640 --> 00:25:21,199
Speaker 9: time in our polling, as measured by right direction, and

470
00:25:21,280 --> 00:25:23,560
Speaker 9: so people are watching this and they are happy.

471
00:25:26,000 --> 00:25:26,800
Speaker 4: Yeah, that's good.

472
00:25:26,960 --> 00:25:29,960
Speaker 7: Give us the next couple bullet points you'll share and

473
00:25:30,520 --> 00:25:32,280
Speaker 7: so people can think about them over the break.

474
00:25:32,320 --> 00:25:34,160
Speaker 4: What are the next couple bullets.

475
00:25:35,280 --> 00:25:39,119
Speaker 9: Well, so what we're bringing out today is favorability of

476
00:25:39,200 --> 00:25:42,520
Speaker 9: Doge and Elon Musk because it looked like everything they

477
00:25:42,520 --> 00:25:45,280
Speaker 9: threw at Donald Trump over the last eight years hasn't worked.

478
00:25:45,480 --> 00:25:46,960
Speaker 3: His approval rating is higher than ever.

479
00:25:47,000 --> 00:25:48,840
Speaker 9: And believe it or not, there were more people that

480
00:25:48,920 --> 00:25:52,600
Speaker 9: strongly disapproved of Donald Trump back in January twenty seventeen

481
00:25:53,040 --> 00:25:55,960
Speaker 9: than they do today. But guess what. Elon Musk is

482
00:25:56,119 --> 00:25:58,720
Speaker 9: almost as popular as Trump. His net approval is only

483
00:25:58,800 --> 00:26:01,400
Speaker 9: two points less right now. And when we asked whether

484
00:26:01,440 --> 00:26:05,800
Speaker 9: people support or oppose Doge going in and cutting government waste, it's.

485
00:26:05,640 --> 00:26:09,560
Speaker 3: Plus eleven plus eleven. They're more popular than the Walt

486
00:26:09,640 --> 00:26:10,399
Speaker 3: Disney Company.

487
00:26:10,480 --> 00:26:16,639
Speaker 7: Is unbelievable. His favorability is high while cutting spending. That

488
00:26:17,400 --> 00:26:21,680
Speaker 7: is a cultural sea change. Back with Mark in a minute.

489
00:26:21,920 --> 00:26:23,359
Speaker 7: I just want to give a shout out to Birch

490
00:26:23,400 --> 00:26:27,200
Speaker 7: Gold again. CBO just came out with the new debt figures. Right,

491
00:26:27,240 --> 00:26:30,760
Speaker 7: so we're thirty six trillion in debt and they confirm

492
00:26:30,840 --> 00:26:34,240
Speaker 7: what Bannon's been saying forever, two trillion dollar deficits as

493
00:26:34,280 --> 00:26:38,120
Speaker 7: far as the I can see, So two trillion extra

494
00:26:38,400 --> 00:26:41,360
Speaker 7: debt every year for ten years. So that's twenty trillion

495
00:26:41,400 --> 00:26:45,400
Speaker 7: more twenty four trillion more actually according to CBO, so

496
00:26:45,520 --> 00:26:49,480
Speaker 7: add it up sixty trillion dollars in ten years in debt.

497
00:26:50,160 --> 00:26:52,399
Speaker 7: The rest of the world knows that the bricks country

498
00:26:52,480 --> 00:26:56,000
Speaker 7: know that there's bets on gold. You want to go

499
00:26:56,119 --> 00:27:01,000
Speaker 7: visit our friends at Birch Gold. Get your Here's your host,

500
00:27:01,280 --> 00:27:10,200
Speaker 7: Stephen K. Back back in the war with the great

501
00:27:10,280 --> 00:27:14,400
Speaker 7: Stephen K. Bannon, Dave Bratt sitting in today. We got

502
00:27:14,440 --> 00:27:17,240
Speaker 7: a bunch of great guests all the way through today.

503
00:27:17,920 --> 00:27:19,680
Speaker 7: First of all, we want to give another shout out

504
00:27:19,720 --> 00:27:22,119
Speaker 7: to one of the folks who support us here at

505
00:27:22,160 --> 00:27:24,879
Speaker 7: the War Room Paradigm Press. What if you had the

506
00:27:24,920 --> 00:27:28,520
Speaker 7: brightest mind in the war room delivering critical financial research

507
00:27:28,720 --> 00:27:34,200
Speaker 7: every month. Warroom listeners know Jim Rickards as our wise man.

508
00:27:34,280 --> 00:27:37,280
Speaker 7: A former CIA, Pentagon and White House advisor with an

509
00:27:37,320 --> 00:27:42,240
Speaker 7: unmatched grasp of geopolitics and capital markets. Jim predicted Trump's

510
00:27:42,240 --> 00:27:46,560
Speaker 7: electoral College victory exactly three twelve to two twenty six.

511
00:27:47,480 --> 00:27:48,800
Speaker 4: Now he's issuing a dire.

512
00:27:48,640 --> 00:27:51,760
Speaker 7: Warning about April eleventh, a moment that could define Trump's

513
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Speaker 7: presidency and your financial future. His latest book, Money GPT

514
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Speaker 7: exposes how AI is setting the stage for a financial

515
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Speaker 7: chaos bank runs at lightning speed, algorithm driven crashes, and

516
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Speaker 7: even threats to national security. Right now, Warroom members get

517
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Speaker 7: a free copy of money GPT when they sign up

518
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Speaker 7: for a strategic intelligence Jim's flagship financial newsletter.

519
00:28:16,480 --> 00:28:17,320
Speaker 4: Time is running out.

520
00:28:17,359 --> 00:28:20,679
Speaker 7: Go to Ricords Warroom dot com now and claim your

521
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Speaker 7: free book. That's Records Warroom dot com highly recommended. All right,

522
00:28:26,880 --> 00:28:30,840
Speaker 7: we are back with Mark Mitchell from Rasmusen Polling. Mark

523
00:28:31,320 --> 00:28:34,359
Speaker 7: had courage back a couple of years ago to be

524
00:28:34,400 --> 00:28:37,960
Speaker 7: coming on the Warroom as a polster when everyone else

525
00:28:38,040 --> 00:28:41,880
Speaker 7: was hiding under their desks. And not only do you

526
00:28:41,960 --> 00:28:44,800
Speaker 7: have courage, he comes on with a smile and everybody

527
00:28:44,960 --> 00:28:45,840
Speaker 7: likes him and he's.

528
00:28:45,640 --> 00:28:46,680
Speaker 4: Got the story straight.

529
00:28:46,760 --> 00:28:49,320
Speaker 7: He was correct in the polling, and that's why we

530
00:28:49,360 --> 00:28:50,520
Speaker 7: love having him on the Warroom.

531
00:28:50,560 --> 00:28:52,920
Speaker 4: So Mark, just keep us up to date.

532
00:28:53,480 --> 00:28:55,880
Speaker 7: I ran, you know, on debt and deficits and whatever

533
00:28:56,000 --> 00:28:58,680
Speaker 7: ten twelve years ago, and you know it was like

534
00:28:58,720 --> 00:29:02,120
Speaker 7: pulling teeth and going to the dentist. What's changed with

535
00:29:02,280 --> 00:29:06,360
Speaker 7: Elon and Doge and all this stuff that Americans now know?

536
00:29:06,760 --> 00:29:09,440
Speaker 4: Something? What are you reading in the tea leaves there

537
00:29:10,040 --> 00:29:12,040
Speaker 4: in the polling data?

538
00:29:12,120 --> 00:29:15,080
Speaker 9: The entire political context in America that we've had for

539
00:29:15,120 --> 00:29:17,800
Speaker 9: the last fifty years has changed in the last month.

540
00:29:18,560 --> 00:29:21,040
Speaker 3: We are now at the end of the fourth turning.

541
00:29:21,360 --> 00:29:23,040
Speaker 3: We thought it was going to be World War three.

542
00:29:23,120 --> 00:29:24,680
Speaker 9: We thought it was going to be war with China,

543
00:29:24,960 --> 00:29:26,960
Speaker 9: but it looks like it might be the geopolitical and

544
00:29:27,000 --> 00:29:30,480
Speaker 9: domestic implications of our entire government being corrupt.

545
00:29:30,640 --> 00:29:31,840
Speaker 3: I mean, we knew it was bad.

546
00:29:32,280 --> 00:29:35,680
Speaker 9: I don't think anybody had any idea how bad it was.

547
00:29:35,960 --> 00:29:38,840
Speaker 9: And just think about people that like Mitt Romney, who

548
00:29:38,920 --> 00:29:41,480
Speaker 9: ran as a debt hawk, and every time they talk

549
00:29:41,520 --> 00:29:43,160
Speaker 9: about well, are we going to be able to make

550
00:29:43,200 --> 00:29:46,560
Speaker 9: meaningful budget cuts, it was always like, well, you know, gee,

551
00:29:47,040 --> 00:29:49,520
Speaker 9: we're probably going to have to talk about entitlement reform.

552
00:29:49,760 --> 00:29:54,320
Speaker 9: Turns out they stole my kids social Security in order

553
00:29:54,480 --> 00:29:58,480
Speaker 9: to fund an entire, massive network of grift and kickbacks

554
00:29:58,560 --> 00:30:03,160
Speaker 9: and funding black operations. It's evil. It's disgusting and evil.

555
00:30:03,200 --> 00:30:05,680
Speaker 9: And all of those people are silent right now. And

556
00:30:05,720 --> 00:30:08,400
Speaker 9: so we're in a new wave of independent journalists. Because

557
00:30:08,840 --> 00:30:11,080
Speaker 9: I didn't ask for this job. I'd rather be polling.

558
00:30:11,160 --> 00:30:13,120
Speaker 9: But our video is brought in more money than our

559
00:30:13,160 --> 00:30:17,200
Speaker 9: polling did. This presidential cycle. It's absolutely incredible, and that's

560
00:30:17,200 --> 00:30:19,520
Speaker 9: because people have been lied to so long. So what

561
00:30:19,600 --> 00:30:22,320
Speaker 9: I think the future is going to be, this is

562
00:30:22,360 --> 00:30:25,000
Speaker 9: a lot for the snake to choke down. Americans are

563
00:30:25,000 --> 00:30:27,400
Speaker 9: happy right now. I think what's happening is it's like

564
00:30:27,440 --> 00:30:29,640
Speaker 9: the meme where the guy's standing in the corner and

565
00:30:29,680 --> 00:30:32,960
Speaker 9: then everybody's dancing and ignoring him. The guy standing in

566
00:30:32,960 --> 00:30:35,360
Speaker 9: the corner is the Democrat Party in the mainstream media

567
00:30:35,440 --> 00:30:38,120
Speaker 9: right now, and Americans are dancing. But the problem is

568
00:30:38,120 --> 00:30:40,600
Speaker 9: is that like we probably have to get into a

569
00:30:40,640 --> 00:30:43,000
Speaker 9: future where a significant number of these people go to

570
00:30:43,040 --> 00:30:45,120
Speaker 9: jail or it's going to happen again. There needs to

571
00:30:45,160 --> 00:30:49,200
Speaker 9: be major structural reforms so that there's accountability in an oversight,

572
00:30:49,320 --> 00:30:52,360
Speaker 9: and again going back to the fourth turning, it's all

573
00:30:52,400 --> 00:30:55,360
Speaker 9: playing out. One of the key figures is that there

574
00:30:55,360 --> 00:30:58,480
Speaker 9: will be a passing of a torch to a new generation.

575
00:30:58,760 --> 00:31:00,760
Speaker 9: And I'll tell you, the people in DC are just

576
00:31:00,840 --> 00:31:03,800
Speaker 9: not prepared for what this new normal is. Just a

577
00:31:03,880 --> 00:31:06,840
Speaker 9: year ago, two years ago, you know, they'll be negotiating

578
00:31:06,880 --> 00:31:09,360
Speaker 9: these debt deals and it'll be behind closed doors and

579
00:31:09,400 --> 00:31:11,240
Speaker 9: it's like, oh, it's three thousand pages and.

580
00:31:11,200 --> 00:31:12,840
Speaker 3: There's a whole lot of pork in it.

581
00:31:13,280 --> 00:31:15,840
Speaker 9: Well, guess what, every single one of those people, their

582
00:31:15,880 --> 00:31:18,440
Speaker 9: pork projects are going to be highlighted all over Twitter.

583
00:31:18,840 --> 00:31:21,800
Speaker 9: They're going to be absolutely blasted in the face by

584
00:31:21,920 --> 00:31:26,840
Speaker 9: Vox popularly on Twitter. Nicole Shanahan's going to run primaries

585
00:31:26,880 --> 00:31:29,560
Speaker 9: against them. We're going to know how much money they

586
00:31:29,560 --> 00:31:32,760
Speaker 9: got through USAID. We've seen nothing like this yet. I

587
00:31:32,840 --> 00:31:35,840
Speaker 9: was joking that I think the people do need some

588
00:31:36,040 --> 00:31:39,960
Speaker 9: way to grasp at the enormity of what they've been witnessing.

589
00:31:40,000 --> 00:31:42,280
Speaker 3: And it was kind of like an offhand joke, But.

590
00:31:42,280 --> 00:31:45,440
Speaker 9: I think out of that CBS legal case, Trump should

591
00:31:45,480 --> 00:31:49,560
Speaker 9: negotiate taking over sixty minutes as primetime slot, and they

592
00:31:49,600 --> 00:31:54,200
Speaker 9: should run The Doge Prentice, a highly produced show exploring

593
00:31:54,240 --> 00:31:57,360
Speaker 9: the depths of corruption in the US government. I mean,

594
00:31:57,600 --> 00:32:00,600
Speaker 9: think about all of the countries who we were conducting

595
00:32:00,600 --> 00:32:02,800
Speaker 9: color revolutions with this money, and all of a sudden,

596
00:32:02,800 --> 00:32:05,400
Speaker 9: the speaking gets cut off and is laid bare, laid

597
00:32:05,400 --> 00:32:08,040
Speaker 9: bare for all to see. Now they're going to try

598
00:32:08,080 --> 00:32:10,720
Speaker 9: and focus it. Like I'm telling you, they're trying to

599
00:32:10,720 --> 00:32:13,320
Speaker 9: screw themselves up into a rebellion. You can see searches

600
00:32:13,360 --> 00:32:16,200
Speaker 9: for the word constitutional crisis. Just in the last day

601
00:32:16,240 --> 00:32:18,520
Speaker 9: tick up. They're trying these syops again and it's not

602
00:32:18,560 --> 00:32:20,680
Speaker 9: going to work on people. And what they're going to

603
00:32:20,720 --> 00:32:23,120
Speaker 9: try and do is a kabuki theater with the government shutdown.

604
00:32:23,120 --> 00:32:26,080
Speaker 9: And I can tell you this. Here is my message

605
00:32:26,480 --> 00:32:31,600
Speaker 9: to Republicans in DC today. Americans want you to shut

606
00:32:31,680 --> 00:32:34,560
Speaker 9: down the government. Now, we don't have numbers from like

607
00:32:34,640 --> 00:32:36,520
Speaker 9: this month, but we've asked this over and over and

608
00:32:36,520 --> 00:32:39,880
Speaker 9: over again. Which would you prefer Congress avoid government shutdown

609
00:32:39,960 --> 00:32:43,240
Speaker 9: by authorizing spending at a higher level kick the can

610
00:32:43,840 --> 00:32:46,920
Speaker 9: or a partial government shut down until they can agree.

611
00:32:46,720 --> 00:32:47,480
Speaker 3: To cut spending.

612
00:32:48,080 --> 00:32:51,000
Speaker 9: And it's fifty six percent cut to thirty four percent

613
00:32:51,120 --> 00:32:51,640
Speaker 9: kick the can.

614
00:32:51,920 --> 00:32:54,000
Speaker 3: And this was like a year ago. Things are much

615
00:32:54,040 --> 00:32:55,040
Speaker 3: more dire than now.

616
00:32:55,320 --> 00:32:58,440
Speaker 9: And we're talking Republicans at seventy three percent to twenty

617
00:32:58,440 --> 00:33:00,520
Speaker 9: two and independence is fifty six to thirty.

618
00:33:00,920 --> 00:33:02,640
Speaker 3: Even Democrats are roughly split.

619
00:33:03,120 --> 00:33:05,280
Speaker 9: And then we also asked the last time the government

620
00:33:05,560 --> 00:33:07,320
Speaker 9: was shut down, how much of an impact did it

621
00:33:07,400 --> 00:33:09,280
Speaker 9: have on your personal life? And almost nine to ten

622
00:33:09,320 --> 00:33:13,120
Speaker 9: Americans say little or no impact. So I say bring it.

623
00:33:13,400 --> 00:33:16,520
Speaker 9: You have Chuck Schumer out there holding the shutdown over

624
00:33:16,600 --> 00:33:20,960
Speaker 9: Republicans heads. Chuck Schumer should be going to sleep at

625
00:33:21,040 --> 00:33:23,840
Speaker 9: night in a cold sweat thinking about what would happen

626
00:33:23,960 --> 00:33:26,920
Speaker 9: if the government got shut shut down, because I think

627
00:33:26,960 --> 00:33:28,960
Speaker 9: that what should happen is those should just be in

628
00:33:29,000 --> 00:33:31,600
Speaker 9: there behind closed doors ripping things out, branch and stem.

629
00:33:31,880 --> 00:33:34,800
Speaker 3: So I think the landmarkap's changed.

630
00:33:35,080 --> 00:33:38,320
Speaker 7: Yeah, yeah, let me ask you a follow up to that,

631
00:33:38,360 --> 00:33:41,440
Speaker 7: because I agree with the analysis one hundred percent. And

632
00:33:41,480 --> 00:33:45,280
Speaker 7: then you know, Joe Scarborough, you know they're semi clever

633
00:33:45,680 --> 00:33:46,200
Speaker 7: and more.

634
00:33:46,040 --> 00:33:48,240
Speaker 4: Of the they're catching out of the thing called religion.

635
00:33:49,040 --> 00:33:51,760
Speaker 7: On the left, they know they got a huge problem

636
00:33:52,080 --> 00:33:57,280
Speaker 7: with religion, right, black, brown, Hispanic blue collar workers, cultural issues,

637
00:33:58,240 --> 00:34:00,440
Speaker 7: and so you know, I did economic how much my

638
00:34:00,480 --> 00:34:04,760
Speaker 7: whole life in the Judeo Christian West, all the countries

639
00:34:04,840 --> 00:34:09,000
Speaker 7: in European West grew first and fastest and led the

640
00:34:09,040 --> 00:34:13,800
Speaker 7: world right due to the rule of law, private property rights,

641
00:34:14,080 --> 00:34:17,920
Speaker 7: the Protestant work, ethic, et cetera, right, moral values and

642
00:34:18,000 --> 00:34:20,080
Speaker 7: virtues that all of our founders took for granted.

643
00:34:20,640 --> 00:34:22,480
Speaker 4: So doge is cool because.

644
00:34:22,200 --> 00:34:25,920
Speaker 7: Elon's cool, and there's all this cool stuff attached to

645
00:34:26,000 --> 00:34:29,279
Speaker 7: it right now with the big tech titans. But the

646
00:34:29,360 --> 00:34:33,480
Speaker 7: question is what do you see from the point are

647
00:34:33,520 --> 00:34:35,560
Speaker 7: Americans is going to be able to withstand this?

648
00:34:35,760 --> 00:34:35,880
Speaker 6: Right?

649
00:34:35,920 --> 00:34:37,600
Speaker 4: I just went over the debt. Right, the debt's going

650
00:34:37,640 --> 00:34:38,560
Speaker 4: to be sixty.

651
00:34:38,320 --> 00:34:41,560
Speaker 7: Trillion and ten years, and so this isn't some cute

652
00:34:41,560 --> 00:34:44,600
Speaker 7: little thing that we're just going to do for a year, right,

653
00:34:44,640 --> 00:34:47,319
Speaker 7: this is going to be long standing pain that you

654
00:34:47,480 --> 00:34:51,360
Speaker 7: have said is evil. The kids in Chicago are reading

655
00:34:51,400 --> 00:34:54,600
Speaker 7: at the twelve percent literacy rate third grade, poor kids. Right,

656
00:34:55,080 --> 00:34:58,760
Speaker 7: no human capital capital we sent abroad. We have huge

657
00:34:58,960 --> 00:35:03,239
Speaker 7: structural correct to make to avoid a lost decade or two.

658
00:35:03,400 --> 00:35:06,400
Speaker 7: Hopefully that's the good scenario. And so what do you

659
00:35:06,480 --> 00:35:09,600
Speaker 7: see in the data? You see anything about our ability

660
00:35:09,600 --> 00:35:11,200
Speaker 7: to sustain this long run?

661
00:35:13,440 --> 00:35:15,319
Speaker 9: Well, what I can tell you now is I think

662
00:35:15,360 --> 00:35:18,800
Speaker 9: Americans are hungry for this. You brought it back to religion,

663
00:35:18,800 --> 00:35:22,040
Speaker 9: and let me first tell you that Americans are a

664
00:35:22,120 --> 00:35:24,799
Speaker 9: very religious people. And even though you've heard a lot

665
00:35:24,800 --> 00:35:29,000
Speaker 9: of headlines about de churching, in my opinion, we asked

666
00:35:29,120 --> 00:35:31,920
Speaker 9: questions and seventy two percent of Americans would agree with

667
00:35:31,960 --> 00:35:34,680
Speaker 9: this statement say yes, like literally not somewhat agree, but

668
00:35:34,760 --> 00:35:37,200
Speaker 9: like they say yes that Jesus Christ is the son

669
00:35:37,239 --> 00:35:39,600
Speaker 9: of God. Who came to earth to forgive our sins.

670
00:35:39,960 --> 00:35:42,319
Speaker 9: And so maybe less people are coming to church, and

671
00:35:42,360 --> 00:35:45,880
Speaker 9: maybe the problem is one we have of institutional.

672
00:35:45,160 --> 00:35:48,320
Speaker 3: Rot or cultural decay. But it isn't religion.

673
00:35:48,320 --> 00:35:50,799
Speaker 9: And I would say this to the Democrats or the

674
00:35:50,880 --> 00:35:54,480
Speaker 9: swamp creatures John two fifteen. So he made a whip

675
00:35:54,480 --> 00:35:56,400
Speaker 9: out of cords and drove all of them from the

676
00:35:56,440 --> 00:35:58,920
Speaker 9: temple courts, both sheep and cattle, and he scattered the

677
00:35:58,920 --> 00:36:01,719
Speaker 9: coins and the money changes and overturned their tables. This

678
00:36:01,840 --> 00:36:07,879
Speaker 9: is listen. Justice is a very big part of Christianity.

679
00:36:08,600 --> 00:36:13,040
Speaker 9: This is righteous fury. This is righteous fury. Because you know,

680
00:36:13,239 --> 00:36:16,120
Speaker 9: you're an economist. You've heard time and time again how

681
00:36:16,120 --> 00:36:18,920
Speaker 9: every election is about the economy. Thirty years ago is

682
00:36:18,920 --> 00:36:21,440
Speaker 9: about the economy, forty years ago is about the economy. Well,

683
00:36:21,440 --> 00:36:24,040
Speaker 9: this one was about the economy as well, but it

684
00:36:24,120 --> 00:36:26,719
Speaker 9: was also about the fact that sixty four percent thought

685
00:36:26,719 --> 00:36:29,920
Speaker 9: our Department of Justice was weaponized, sixty percent said the

686
00:36:29,920 --> 00:36:32,479
Speaker 9: media was enemy of the people. Only thirty percent trust

687
00:36:32,520 --> 00:36:35,719
Speaker 9: the federal government. I think we had a number close

688
00:36:35,760 --> 00:36:38,480
Speaker 9: to seventy percent that thought the FBI was weaponized at

689
00:36:38,520 --> 00:36:42,040
Speaker 9: the top starting in DC, and only twenty seven percent

690
00:36:42,120 --> 00:36:44,680
Speaker 9: of people say they were safer than they were four

691
00:36:44,760 --> 00:36:47,920
Speaker 9: years ago. Only thirty five percent of Americans say that

692
00:36:47,960 --> 00:36:51,440
Speaker 9: today's children will be better off. This is literally our

693
00:36:51,680 --> 00:36:55,239
Speaker 9: taxpayer money stolen and weaponized against us, and then they

694
00:36:55,280 --> 00:36:57,960
Speaker 9: pissed on us and told us it was raining. They

695
00:36:58,000 --> 00:37:02,200
Speaker 9: built an entire multi billion, multi hundreds of billions of

696
00:37:02,320 --> 00:37:08,200
Speaker 9: dollars mechanism to oppress the masses, to literally lie to us,

697
00:37:08,520 --> 00:37:11,319
Speaker 9: and unfortunately it corrupted the minds of many people. But

698
00:37:11,520 --> 00:37:14,239
Speaker 9: I think, thankfully that number is shrinking. I think a

699
00:37:14,239 --> 00:37:16,560
Speaker 9: lot of people's moving. Hey Mark broken.

700
00:37:17,560 --> 00:37:20,000
Speaker 7: Good, Hey, I love it. I could stay on this

701
00:37:20,040 --> 00:37:23,400
Speaker 7: theme all day. The Judeo Christian West, and you know,

702
00:37:23,440 --> 00:37:26,040
Speaker 7: people get confused. Jesus, people need to read the Good

703
00:37:26,040 --> 00:37:29,239
Speaker 7: Book again. He was not hey, hey, buddy, let's go

704
00:37:29,280 --> 00:37:32,239
Speaker 7: out for us Starbucks. He was tough on his disciples,

705
00:37:32,280 --> 00:37:36,279
Speaker 7: tough on his friends. And in the tradition, he's the

706
00:37:36,320 --> 00:37:38,960
Speaker 7: son of God, right, he was pre existent with God

707
00:37:39,000 --> 00:37:42,360
Speaker 7: the Father in the Old Testament too. People get confused

708
00:37:42,400 --> 00:37:45,759
Speaker 7: and put them only at thirty a d He was

709
00:37:46,160 --> 00:37:48,359
Speaker 7: with us from the creation to the end of time.

710
00:37:48,960 --> 00:37:51,759
Speaker 4: And so we'll get into that deeper a little later.

711
00:37:52,000 --> 00:37:56,640
Speaker 7: But Mark Rasmussen, thanks for sharing the polling and tying

712
00:37:56,680 --> 00:37:58,799
Speaker 7: it all together like the war room loves to do.

713
00:37:58,920 --> 00:37:59,520
Speaker 4: Thank you, brother.

714
00:38:00,480 --> 00:38:02,799
Speaker 3: Happy to be here all right.

715
00:38:02,880 --> 00:38:05,040
Speaker 4: I think we have the Federal Reserve, Chairman.

716
00:38:05,480 --> 00:38:07,919
Speaker 7: We want to see live feed here for a minute

717
00:38:08,000 --> 00:38:10,560
Speaker 7: or two and we'll take it from there.

718
00:38:11,719 --> 00:38:14,680
Speaker 10: Rates, particularly the treasury, the ten year treasury, three year treasury,

719
00:38:14,719 --> 00:38:18,400
Speaker 10: for example, and those are high for reasons not particularly

720
00:38:18,640 --> 00:38:20,520
Speaker 10: closely related to to Fed policy.

721
00:38:21,200 --> 00:38:22,200
Speaker 11: They may remain high.

722
00:38:22,560 --> 00:38:25,520
Speaker 10: I think you know there's a once we lower rates

723
00:38:25,560 --> 00:38:27,840
Speaker 10: and kind of rates return to a lower level, mortgage

724
00:38:27,880 --> 00:38:28,640
Speaker 10: rates will come down.

725
00:38:29,440 --> 00:38:30,640
Speaker 11: I don't know when that will happen.

726
00:38:31,520 --> 00:38:33,440
Speaker 10: And even when it does happen, we're still going to

727
00:38:33,520 --> 00:38:35,240
Speaker 10: have a housing shortage in many places.

728
00:38:35,520 --> 00:38:37,680
Speaker 1: Thank you, chairman, Pal, thank you again for being here.

729
00:38:39,040 --> 00:38:39,720
Speaker 11: Thank you, ma'am.

730
00:38:40,320 --> 00:38:42,200
Speaker 6: Nice will be Senator Kennedy.

731
00:38:43,480 --> 00:38:49,759
Speaker 1: Thank you, mister chairman. Thank you chairman for being here. Okay,

732
00:38:50,280 --> 00:38:55,000
Speaker 1: my friend ranking member said that you are knuckling under

733
00:38:56,320 --> 00:39:06,480
Speaker 1: to the big bank lobbyists. Is that true. No, it

734
00:39:06,560 --> 00:39:09,800
Speaker 1: seems to me that the big pu big pictures should

735
00:39:09,840 --> 00:39:12,520
Speaker 1: not go unnoticed.

736
00:39:15,600 --> 00:39:16,600
Speaker 6: Do you recall.

737
00:39:19,120 --> 00:39:25,799
Speaker 1: A year or two ago when inflation was raging. I

738
00:39:25,800 --> 00:39:32,320
Speaker 1: think his peak was a by nine percent. Many economists

739
00:39:32,360 --> 00:39:39,920
Speaker 1: and other experts, based in part on history, said that

740
00:39:40,000 --> 00:39:47,840
Speaker 1: you were going to have to provoke high unemployment and

741
00:39:49,520 --> 00:39:54,200
Speaker 1: put our country into recession in order to get inflation down.

742
00:39:54,360 --> 00:40:00,759
Speaker 1: Do you recall that very very well? Are we a recession?

743
00:40:01,719 --> 00:40:02,120
Speaker 11: We are not.

744
00:40:04,640 --> 00:40:10,120
Speaker 1: Would you, as an American trade places right now with

745
00:40:10,280 --> 00:40:13,560
Speaker 1: Germany in terms of the economy, No, I sure wouldn't.

746
00:40:15,280 --> 00:40:16,040
Speaker 1: How about China?

747
00:40:17,440 --> 00:40:19,040
Speaker 11: No, I wouldn't trade places?

748
00:40:19,840 --> 00:40:20,680
Speaker 1: How about France?

749
00:40:22,440 --> 00:40:22,760
Speaker 11: Thanks?

750
00:40:28,640 --> 00:40:33,520
Speaker 1: Things aren't perfect. Inflation is obviously still sticky and long

751
00:40:33,640 --> 00:40:35,759
Speaker 1: rache or too high, which I want I want to

752
00:40:37,040 --> 00:40:42,439
Speaker 1: talk about in a second. But the fact is, knock

753
00:40:42,520 --> 00:40:47,879
Speaker 1: on wood, we have experienced a soft landing, haven't we?

754
00:40:49,280 --> 00:40:53,080
Speaker 11: Not for me to say, really, i'll have.

755
00:40:53,080 --> 00:40:56,600
Speaker 1: We experienced a hard landing? Are we in a recession?

756
00:40:56,840 --> 00:40:57,359
Speaker 11: No, we're not.

757
00:40:57,800 --> 00:41:04,480
Speaker 1: I call that a soft land And it seems to

758
00:41:04,520 --> 00:41:08,000
Speaker 1: me that you and some of the ladies and gentlemen

759
00:41:09,000 --> 00:41:11,759
Speaker 1: who are your colleagues at the Federal Reserve behind you

760
00:41:11,760 --> 00:41:13,000
Speaker 1: deserve some credit for that.

761
00:41:14,440 --> 00:41:14,759
Speaker 11: Thank you.

762
00:41:16,280 --> 00:41:22,120
Speaker 1: I don't know why you don't take the credit. Everybody

763
00:41:22,160 --> 00:41:28,440
Speaker 1: else in Washington, d C. Does. Again, I'm not saying

764
00:41:28,440 --> 00:41:35,520
Speaker 1: things are perfect, but I never imagined that our landing

765
00:41:37,160 --> 00:41:43,440
Speaker 1: could be this soft, albeit not perfect, and I wanted

766
00:41:43,480 --> 00:41:45,960
Speaker 1: to thank you and your colleagues for that effort. You

767
00:41:46,000 --> 00:41:50,160
Speaker 1: sure didn't get any help from from Congress and on

768
00:41:50,200 --> 00:41:55,360
Speaker 1: the h and our President on the fiscal side. But

769
00:41:55,400 --> 00:41:58,120
Speaker 1: I don't expect you to comment on that. You and

770
00:41:58,160 --> 00:42:02,240
Speaker 1: the Federal Reserve can can to a large extent control

771
00:42:02,360 --> 00:42:07,200
Speaker 1: short rates, can you yes? Through the through the Open

772
00:42:07,239 --> 00:42:13,120
Speaker 1: Market Committee. You can't control long rates though, can you?

773
00:42:13,120 --> 00:42:13,279
Speaker 6: No?

774
00:42:13,480 --> 00:42:14,279
Speaker 11: We can't.

775
00:42:15,360 --> 00:42:16,000
Speaker 1: Why is that?

776
00:42:17,480 --> 00:42:20,120
Speaker 10: So a lot of things go into long rates, and

777
00:42:20,560 --> 00:42:23,800
Speaker 10: one of them is the expected future short rate of

778
00:42:23,800 --> 00:42:26,160
Speaker 10: of FED policy, but many many other things go in

779
00:42:26,280 --> 00:42:29,120
Speaker 10: expectations of inflation in the longer run.

780
00:42:29,680 --> 00:42:32,480
Speaker 11: The sort of risks around.

781
00:42:32,680 --> 00:42:35,680
Speaker 10: Around the economy and around the budget deficit go into

782
00:42:35,680 --> 00:42:37,960
Speaker 10: something called the term premium, which is the part we

783
00:42:38,040 --> 00:42:43,000
Speaker 10: can't explain when we do these decompositions. And so you know,

784
00:42:43,040 --> 00:42:45,000
Speaker 10: it's set by supply and demand in the in the

785
00:42:45,000 --> 00:42:47,719
Speaker 10: bond market at the long end, and we're not particularly

786
00:42:48,440 --> 00:42:50,880
Speaker 10: we have some influence, but mostly mostly not.

787
00:42:54,000 --> 00:42:57,200
Speaker 1: Many Americans are looking at short rates and looking at

788
00:42:57,239 --> 00:43:02,160
Speaker 1: the edge behavior and how you you reduced inflation, but

789
00:43:02,200 --> 00:43:06,879
Speaker 1: they don't seem they don't see the long rates going down.

790
00:43:07,000 --> 00:43:11,080
Speaker 7: And obviously, all right, there's Senator Kennedy, who I usually

791
00:43:11,200 --> 00:43:15,440
Speaker 7: enjoy giving the fedalttle credit for a soft landing after

792
00:43:15,600 --> 00:43:20,160
Speaker 7: printing nine trillion dollars. So you start the fire, you

793
00:43:20,200 --> 00:43:24,200
Speaker 7: put out the fire. You gotta supposedly this soft landing.

794
00:43:25,520 --> 00:43:30,360
Speaker 7: But we're running two trillion dollar government spending deficits to

795
00:43:30,480 --> 00:43:32,160
Speaker 7: make that soft landing happen.

796
00:43:32,719 --> 00:43:34,200
Speaker 4: So we're stealing from the kids.

797
00:43:34,239 --> 00:43:38,840
Speaker 7: As Mark Mitchell just said, Steve Bannon says, the debt

798
00:43:38,920 --> 00:43:40,160
Speaker 7: bomb is the nut.

799
00:43:40,680 --> 00:43:44,279
Speaker 4: It is the big thing, and so let's go over that.

800
00:43:44,520 --> 00:43:46,640
Speaker 7: I agree with him, but I'm gonna add one other

801
00:43:46,719 --> 00:43:50,640
Speaker 7: big thing. It's called economic growth, which we do not have.

802
00:43:50,800 --> 00:43:53,040
Speaker 7: I'm just going to give a few charts real quick

803
00:43:53,800 --> 00:43:56,560
Speaker 7: to give an overview here of what's going on. There

804
00:43:56,680 --> 00:43:58,719
Speaker 7: is our debt to the far right. You see that

805
00:43:58,880 --> 00:44:02,080
Speaker 7: dotted line going up. That's where we are right now.

806
00:44:02,280 --> 00:44:05,640
Speaker 7: We have basically the same debt percentage level as during

807
00:44:05,760 --> 00:44:08,000
Speaker 7: World War Two over there to.

808
00:44:08,000 --> 00:44:10,319
Speaker 4: The far left, except no World War Two.

809
00:44:11,520 --> 00:44:13,080
Speaker 7: We've had to go out of our way with a

810
00:44:13,120 --> 00:44:17,879
Speaker 7: deep state to create a disaster in the Ukraine, which

811
00:44:17,960 --> 00:44:23,600
Speaker 7: explains part of this progue, just our terrible debt spending.

812
00:44:24,360 --> 00:44:29,879
Speaker 7: Let's go on to the next chart, Denver. Here's CBO. Right,

813
00:44:29,920 --> 00:44:32,399
Speaker 7: So they just came out with the debt explanation. Right,

814
00:44:32,400 --> 00:44:35,360
Speaker 7: We're at thirty six trillion in debt and at twenty

815
00:44:35,400 --> 00:44:38,720
Speaker 7: four trillion additional over the next ten years to sixty trillion.

816
00:44:39,360 --> 00:44:41,080
Speaker 7: And you got some folks, hey, we're going to grow

817
00:44:41,120 --> 00:44:44,279
Speaker 7: our way out of this. Well, here's CBO. And you know,

818
00:44:44,320 --> 00:44:47,480
Speaker 7: I've been putting up charts on productivity growth slowing for

819
00:44:47,520 --> 00:44:48,520
Speaker 7: the past seventy years.

820
00:44:48,560 --> 00:44:50,040
Speaker 4: I put that chart up every time.

821
00:44:50,320 --> 00:44:52,239
Speaker 7: I'll probably show it at the end here real quick,

822
00:44:52,239 --> 00:44:55,919
Speaker 7: but here's CBO saying we have two percent growth two

823
00:44:55,960 --> 00:44:59,560
Speaker 7: percent GDP growth two percent. Are economy growing at two

824
00:44:59,600 --> 00:45:03,160
Speaker 7: percent for as far as the eye can see. So

825
00:45:03,239 --> 00:45:06,640
Speaker 7: something radical has to change that. Right on this show,

826
00:45:07,000 --> 00:45:10,320
Speaker 7: I've gone over the Nobel Prize winning solo growth model.

827
00:45:10,600 --> 00:45:13,640
Speaker 7: If you don't change your capital stock, your human capital,

828
00:45:14,400 --> 00:45:17,799
Speaker 7: and meaning real capital and technological growth, you will not

829
00:45:18,280 --> 00:45:20,480
Speaker 7: change that GDP figure you're looking at right there.

830
00:45:20,480 --> 00:45:21,800
Speaker 4: It'll stay flat as a pancake.

831
00:45:22,320 --> 00:45:25,440
Speaker 7: So President Trump is doing what he can to bring

832
00:45:25,680 --> 00:45:30,160
Speaker 7: manufacturing capital back to this country, and it's a herculean effort.

833
00:45:30,239 --> 00:45:35,920
Speaker 7: It will take next chart, Denver. This one just shows

834
00:45:35,920 --> 00:45:37,719
Speaker 7: you kind of the rule of seventy two. I don't

835
00:45:37,760 --> 00:45:39,160
Speaker 7: know if you can read it all. But if you

836
00:45:39,160 --> 00:45:41,600
Speaker 7: take the number seventy two and divide it by a

837
00:45:41,760 --> 00:45:45,040
Speaker 7: two percent growth rate, it'll tell you how many years

838
00:45:45,080 --> 00:45:48,879
Speaker 7: it takes for you to double your economy. Right, So

839
00:45:48,920 --> 00:45:51,719
Speaker 7: seventy two divided by any number you pick, say a

840
00:45:51,800 --> 00:45:54,879
Speaker 7: two percent growth rate, so that'll take about thirty five

841
00:45:54,960 --> 00:45:55,760
Speaker 7: years for our.

842
00:45:55,719 --> 00:45:56,840
Speaker 4: Economy to double.

843
00:45:58,000 --> 00:46:01,000
Speaker 7: If you look down a bit to a four percent

844
00:46:01,200 --> 00:46:04,640
Speaker 7: number there, and if you take seventy two divided by four,

845
00:46:04,760 --> 00:46:08,360
Speaker 7: that gives you about eighteen So it only takes eighteen

846
00:46:08,440 --> 00:46:11,640
Speaker 7: years for your economy to double in size.

847
00:46:12,440 --> 00:46:15,080
Speaker 4: And so that's just called the rule of seventy two,

848
00:46:15,120 --> 00:46:15,520
Speaker 4: and it works.

849
00:46:15,600 --> 00:46:15,680
Speaker 2: Right.

850
00:46:15,680 --> 00:46:17,839
Speaker 7: If you divide seventy two by seven, it takes ten

851
00:46:17,880 --> 00:46:19,040
Speaker 7: years for your economy to double.

852
00:46:19,200 --> 00:46:20,600
Speaker 4: Takes seventy two to by ten.

853
00:46:21,160 --> 00:46:23,319
Speaker 7: It takes only seven years for your economy to double

854
00:46:23,360 --> 00:46:25,360
Speaker 7: in size. We're not going to hit those numbers. It

855
00:46:25,400 --> 00:46:28,880
Speaker 7: would be great to aim at four percent growth. I

856
00:46:29,120 --> 00:46:31,680
Speaker 7: doubt we get there, but with President Trump, we'll see

857
00:46:31,920 --> 00:46:34,520
Speaker 7: if we get the animal spirits kicking all of this

858
00:46:34,719 --> 00:46:37,439
Speaker 7: to show you how difficult this project is. So say

859
00:46:38,040 --> 00:46:42,080
Speaker 7: we're growing at two percent, we double our economy in

860
00:46:42,320 --> 00:46:45,520
Speaker 7: thirty five years. That means the economy right now is

861
00:46:45,560 --> 00:46:48,520
Speaker 7: twenty five trillion, So you get another twenty five trillion, right,

862
00:46:48,560 --> 00:46:50,840
Speaker 7: so you're up to fifty trillion, But the debt is

863
00:46:50,880 --> 00:46:54,040
Speaker 7: currently thirty six trillion. So you could take all that

864
00:46:54,120 --> 00:46:57,479
Speaker 7: additional growth and put it toward the debt, and.

865
00:46:57,400 --> 00:46:58,800
Speaker 4: You still wouldn't pay off the debt.

866
00:46:59,320 --> 00:47:03,560
Speaker 7: And that's a you're not running two trillion dollar deficits forever.

867
00:47:04,280 --> 00:47:04,480
Speaker 6: Right.

868
00:47:04,600 --> 00:47:07,160
Speaker 7: Even if you grow at four percent, right, it takes

869
00:47:07,160 --> 00:47:10,040
Speaker 7: you eighteen years to double. So your economy gets to

870
00:47:10,120 --> 00:47:14,120
Speaker 7: fifty trillion in eighteen years, which is certainly better. But

871
00:47:14,239 --> 00:47:16,680
Speaker 7: you're starting to see how difficult this is. And so

872
00:47:16,760 --> 00:47:19,719
Speaker 7: that's I just wanted to give a slow mode right

873
00:47:19,800 --> 00:47:23,080
Speaker 7: on this idea. Anyone is selling you say, we're just

874
00:47:23,600 --> 00:47:27,400
Speaker 7: going to lower taxes a little bit, get regulations under control,

875
00:47:27,440 --> 00:47:30,640
Speaker 7: we're going to be growing at four Good luck. We

876
00:47:30,680 --> 00:47:35,040
Speaker 7: got a long, hard project in front of us. It's doable,

877
00:47:35,680 --> 00:47:37,840
Speaker 7: but we got to kick in on the spending doge.

878
00:47:37,880 --> 00:47:41,840
Speaker 7: That's why Steve's been going nuts on the spending reductions

879
00:47:41,880 --> 00:47:45,200
Speaker 7: that are necessary from DOGE and from the Congress and Senate.

880
00:47:46,239 --> 00:47:50,439
Speaker 7: Wait till you see the budget reconciliation coming up. Next

881
00:47:50,520 --> 00:47:53,560
Speaker 7: chart denvers just to show you in the next ten

882
00:47:53,640 --> 00:47:55,719
Speaker 7: years where interest payments fit in.

883
00:47:57,800 --> 00:47:58,560
Speaker 4: They're number two.

884
00:47:58,719 --> 00:48:01,080
Speaker 7: Social Security is up at the top, and for the

885
00:48:01,160 --> 00:48:06,040
Speaker 7: next decade, interest payments are second, the second biggest spending category,

886
00:48:06,080 --> 00:48:11,640
Speaker 7: Bigger than medicare bigger than non defense discretionary, bigger than medicaid,

887
00:48:11,719 --> 00:48:12,719
Speaker 7: bigger than defense.

888
00:48:14,000 --> 00:48:15,440
Speaker 4: So that's just money.

889
00:48:15,480 --> 00:48:17,480
Speaker 7: You all know how frustrating it is to see your

890
00:48:17,560 --> 00:48:20,160
Speaker 7: mortgage payment and the principle you're paying versus the interest

891
00:48:20,200 --> 00:48:22,000
Speaker 7: payments just flying.

892
00:48:21,680 --> 00:48:27,280
Speaker 4: Off into the air. Next chart is productivity.

893
00:48:27,360 --> 00:48:32,040
Speaker 7: There's the leader of the world non productivity studies out

894
00:48:32,080 --> 00:48:35,480
Speaker 7: at Northwestern, Bob Gordon. Not sure if he likes being

895
00:48:35,480 --> 00:48:37,200
Speaker 7: made famous on this show, but he's famous for a

896
00:48:37,239 --> 00:48:40,560
Speaker 7: good reason. There's productivity going from five or six percent.

897
00:48:40,640 --> 00:48:41,400
Speaker 4: Way on the left.

898
00:48:41,480 --> 00:48:44,680
Speaker 7: Productivity is going pretty good seventy years ago. Now it's

899
00:48:44,719 --> 00:48:47,839
Speaker 7: down to two percent. And that's the chart I've been

900
00:48:47,840 --> 00:48:52,400
Speaker 7: showing over and over and over. So when productivity is

901
00:48:52,440 --> 00:48:55,319
Speaker 7: down to two percent, guess what they get you it

902
00:48:55,360 --> 00:48:55,839
Speaker 7: gets you that.

903
00:48:55,880 --> 00:48:57,480
Speaker 4: Number I just showed you from the CBO.

904
00:48:57,640 --> 00:49:00,640
Speaker 7: We're only going to grow at two percent for the

905
00:49:00,680 --> 00:49:06,000
Speaker 7: next decade unless we change that productivity chart. In the

906
00:49:06,040 --> 00:49:08,600
Speaker 7: past one has changed that. Let's go to the next chart.

907
00:49:09,760 --> 00:49:13,120
Speaker 7: Folks don't seem to realize, but even the Democrats are

908
00:49:13,160 --> 00:49:14,839
Speaker 7: bringing up the religious conversation.

909
00:49:15,239 --> 00:49:18,799
Speaker 4: What got us growth up to World War Two?

910
00:49:19,760 --> 00:49:23,360
Speaker 7: What brought us those people with the long run perseverance,

911
00:49:23,440 --> 00:49:27,120
Speaker 7: the work ethic, the rule of law, sacrifice for your family,

912
00:49:27,280 --> 00:49:33,520
Speaker 7: the iconic African American church, Hispanic faith, etc. The war

913
00:49:33,600 --> 00:49:36,600
Speaker 7: room polse. Right now, it's the Christian religion. If you

914
00:49:36,600 --> 00:49:39,920
Speaker 7: look on this chart, all of human history made one

915
00:49:39,920 --> 00:49:43,160
Speaker 7: thousand dollars a year for all of human history. Look

916
00:49:43,160 --> 00:49:45,760
Speaker 7: at this chart. By nineteen eighty one, all those yellow

917
00:49:45,800 --> 00:49:50,200
Speaker 7: balls are what you call the Judeo Christian West. It's

918
00:49:50,200 --> 00:49:54,759
Speaker 7: Western Europe along with the United States of America predominantly Protestant,

919
00:49:54,800 --> 00:49:58,319
Speaker 7: and some Catholic countries in there. The odds of that

920
00:49:58,400 --> 00:50:03,000
Speaker 7: occurring randomly are one in ten thousand. That's Bradford DeLong

921
00:50:03,160 --> 00:50:06,799
Speaker 7: at Berkeley University. I doubt he's a Presbyterian.

922
00:50:06,880 --> 00:50:09,600
Speaker 4: I hope he is. I doubt he's a Presbyterian, but

923
00:50:09,640 --> 00:50:11,240
Speaker 4: he's one of the leaders in the growth field.

924
00:50:12,040 --> 00:50:15,840
Speaker 7: This is from a serious paper years ago, but nothing's

925
00:50:15,880 --> 00:50:16,719
Speaker 7: going to change.

926
00:50:16,440 --> 00:50:18,439
Speaker 4: On that date nineteen eighty one.

927
00:50:18,960 --> 00:50:21,200
Speaker 7: So I'm just trying to put into context what this

928
00:50:21,320 --> 00:50:24,759
Speaker 7: country has to do and getting back to religion, which

929
00:50:24,800 --> 00:50:28,880
Speaker 7: is really getting back to faith. Right, It's not religiosity,

930
00:50:28,920 --> 00:50:32,360
Speaker 7: it's faith in God, and that faith has done great

931
00:50:32,400 --> 00:50:36,200
Speaker 7: things in this country. And so with that, I just

932
00:50:36,239 --> 00:50:38,719
Speaker 7: want to go back to our friends. That sets up

933
00:50:38,760 --> 00:50:45,000
Speaker 7: pretty well the need for Birch Gold in your portfolio,

934
00:50:45,520 --> 00:50:49,919
Speaker 7: and so please go check out our friends at Birch Gold.

935
00:50:50,600 --> 00:50:54,520
Speaker 7: Steve Bannon gives them a shout out every day.

936
00:50:55,040 --> 00:50:57,239
Speaker 4: I do as well. Let me give you their contact

937
00:50:57,239 --> 00:51:01,320
Speaker 4: information so you have it protect your future Today.

938
00:51:01,560 --> 00:51:05,560
Speaker 7: Text Bannon to nine eight nine eight nine eight get

939
00:51:05,600 --> 00:51:08,640
Speaker 7: your free infoKit on gold and a copy of the

940
00:51:08,760 --> 00:51:12,280
Speaker 7: Ultimate Guide for Gold in the Trump Era, with forward

941
00:51:12,320 --> 00:51:17,320
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942
00:51:17,360 --> 00:51:20,120
Speaker 7: Gold has earned the trust of countless Americans looking to

943
00:51:20,120 --> 00:51:23,640
Speaker 7: safeguard their savings. You can count on them too. Text

944
00:51:23,680 --> 00:51:28,200
Speaker 7: Bannon to the number nine eight nine eight nine eight today.

945
00:51:29,080 --> 00:51:32,719
Speaker 7: You just saw all the charts, the bricks countries. Get

946
00:51:32,920 --> 00:51:36,200
Speaker 7: what that means when you have that much debt. If

947
00:51:36,320 --> 00:51:40,560
Speaker 7: the United States does not return to its greatness with

948
00:51:40,640 --> 00:51:43,880
Speaker 7: that spirit that's the most important thing, that religious spirit

949
00:51:44,000 --> 00:51:47,480
Speaker 7: that we all need, then we're in trouble and so

950
00:51:48,239 --> 00:51:51,920
Speaker 7: we have turbulent times ahead. Go check out Birch Gold today.

951
00:51:52,960 --> 00:51:53,680
Speaker 4: Talk with them.

952
00:51:54,080 --> 00:51:57,120
Speaker 7: We don't sell it as an investment, but it's a

953
00:51:57,160 --> 00:51:58,560
Speaker 7: safe haven for your investment.

954
00:51:58,640 --> 00:51:58,719
Speaker 9: Go