Transcripts from Bannon’s War Room on Rumble:
Steve Bannon
Navarro, I have you here for your financial acumen in your capital markets. But I really wanted to, there’s a firefight right now at Capitol Hill. They’re not talking about shutting down the border now that’s kind of in the back cause want to jam all these bills through, but we start off with the cold open this morning, talked about the spectacle of cruelty of Trump’s administration, about demonizing the economic migrants that are coming up here.
You guys actually went the other way to make sure that there wasn’t a spectacle of cruelty, correct? The policies you put in there particularly remain in Mexico, the First Nation policy. You had went back to our asylum laws, into the foundational elements of our asylum program that says, hey, if you’re an economic migrant, you don’t qualify.
And then you played hardball because one of the excuses they’re saying on Capitol Hill right now, that the reason that the perfect bill that they had the other day didn’t have remain in Mexico in it, which even Lindsey Graham said it when that wasn’t in the bill, He said, I’m out. Biden saying, well, we couldn’t put that in there because the Mexicans won’t agree. They’re just not going to agree to that, right? Walk us through.
Peter Navarro
They weren’t going to agree with the Trump speech at CPAC, when he went through that whole thing about the negotiation. They weren’t ever going to agree when Trump did it, but we put on, threatened them with tariffs, and they agreed and like two seconds.
Look, Steve, let’s get real here. There’s nothing humane at all about Joe Biden’s immigration policies. It’s not humane for the people of America. It’s not humane for the people who are being funneled up into this country to be sex trafficked and exploited in the workforce, to be raped along the way to die, possibly. It’s the most obscene kind of policy you could imagine for immigration. Steve, if you think about the way it’s supposed to be. A nation is supposed to have its borders. That’s what defines a nation.
If you didn’t have nations, you wouldn’t need borders, right? We all be kind of one world. Nations supposed to have a set of borders. It’s allowing immigration in on that nation’s terms based on considerations of economics, politics, culture, safety, everything that comes into a reasonably immigration policy that you see other countries, other countries, Western countries.
I’m not talking about Iran and China; I’m talking about Australia or Canada or Switzerland or wherever. OK. What you do when you throw open the borders and you say come on and as quickly as you can because we might not be here in a few years, you create chaos everywhere.
The upheaval in this country with respect to the crime, the drugs, it’s just abominable what’s happening to our communities right now. It’s incredibly, incredibly disruptive, taxpayers are footing the bill, but on the other side, it’s like you go down to a place like El Salvador or Guatemala, or Honduras and the best and the brightest, the strongest. And when I say the brightest, bright people, they sure the hell aren’t educated. They’re hollowing out their villages, leaving women and children behind, grandfathers and grandmothers behind to fend for themselves. Societies collapsing. Come on, Steve, and we’re the ones who are inhumane? You’ve got to be joking.
Steve Bannon
Hang on, don’t lose the thread here. This is part of a plan and the Fed has talked about it. The people getting crushed the most are minority working class in this country because their theory is and he talked about it on 60 minutes. Yeah, that we are here and you’re the first guy to pointed out a couple of years ago said. Let’s be clear about that.
Hey, what they’re blaming is the low skilled labor in this country for wage inflation and what they’re going to do is open the spigot to crush these people. That is one of the biggest tragedies of all, because now you have American citizens whose parents or grandparents have served in the military helped build this country, and they’re the ones that the most pressure is on with the crime in the Hispanic community coming in from south of border and the big cities like New York and Chicago. And on top of it, not only their education system is destroyed, whatever healthcare gets destroyed, but on top of it, their wages are suppressed by design. This is the this is the cruelty of it.
Peter Navarro
Let’s emphasize that I can’t figure out whether these people are really smart chess masters, or really, really stupid. You take a guy like Jay Powell at the Federal Reserve. Biden comes along and Powell wakes up three years later and says, Wow, we’re doing great in our fight against inflation because wages are coming down and wow, they’re coming down because we had the foresight to throw open the borders all these uneducated folks who are just crushing the wages.
I remember so vividly being in the Oval Office when that frigging idiot, Gary Cohen, at Goldman Sachs, right. He’s sitting there in front of Trump arguing that things are good. We want to keep the border order cause it keeps wages down and Trump looks at him and goes, “That’s a good thing?” And, Cohen says, “Of course it’s a good thing, sir”. It’s like it’s a mentality, Steve. The people who control this country with respect to our political system, right now, our weaponized judicial system, our financial system, our legacy media, these people’s vision is to import as much labor across the border as they can and what they can’t get, they ship factories over to China and elsewhere to leverage it there. And they laugh all the way to the frigging bank at our expense.
Steve Bannon
And the federal government is going to have these massive deficits to pay for the social, the education and more social programs, to gap the ability of people even to live.
Peter Navarro
Let’s face it, you and I are not suffering like people in this country are suffering, right? You have people in this country right now who literally can’t afford to eat or pay their mortgage and have to choose between one or the other, or rent, never mind the mortgage that’s like the arugula for Obama. Ain’t a lot of people paying mortgages these days. They’re renting at sky high rates. And this disconnect see between a soaring stock market and Biden thinking everything’s great and the reality of the sentiment of the American people. He doesn’t get it, but we do. This is the only place really, I think, where there is genuine economic analysis for the people of this country, okay.
If you go to CNBC or Fox Business, all you want to do is figure out how to make your next buck based on the assumption that you got 1,000,000 bucks in the bank that you got to deploy for your retirement, okay. This is not that, Steve. People who listen to and watch this show. It’s an existential struggle every step of the way. And that’s why they’re mobilized.
That’s why they’re mad. That’s why Trump. That’s why Donald John Trump is leading in the polls and kicking Biden’s butt. But I’ll tell you this, nobody right now should think that it’s going to be easy in any way for Trump. This is going to be the ugliest, most vicious, most corrupt election we have ever seen and that’s saying a lot because 2020 hit a new high. So, this is what it’s about. And look, the War Room, the War Room is at the epicenter of that. This is the one place you can go every day in real time and figure not only what’s going on, but what you can do about it, yeah. God bless that.
Steve Bannon
Sir, I want to go to Michigan. You talk about that people understand or begin to understand, truly understand the economic plan that led to such a great upsurge in the fall and Christmas of 2019, when blue collar wages were up all time, highs, non college graduate wages up. We had zero inflation, zero interest. Is that why you’re seeing the enthusiasm in places like Michigan? Yesterday we had 40% more vote of Republicans coming out for Trump than you had for then you had the Biden’s numbers were just absolutely atrocious.
Peter Navarro
Well, Michigan is a microcosm of the assault that the Biden regime is now making on their manufacturing base. It’s like you got the United Auto Workers strike this historic deal. They get a bunch of short-term wages, but the quid pro quo there was what Steve, it was to for Sean Fain, the head of that union to embrace this electric vehicle massive government subsidy dream, which effectively in real time and very quickly ships our auto industry off to Communist China where all the EV supply chains are.
You got to understand, Steve, that if you put an electric vehicle side by side with an internal combustion engine, OK? the big difference is all the parts in that internal combustion engine, right, the engine, all of that stuff is made or could be made in America, right? Michigan understands that the guys who are working in the supply chains, making those parts. They understand. They see the handwriting on the wall, and you get bet you’re asked that the UAW workers are going to vote for Trump.
Steve Bannon
We got the internal combustion engine. The EV is all made in China.
Peter Navarro
So, look, they have, they have cornered the market on lithium battery production. OK. They’ve gone into like South America and places like that and just corner the market on lithium itself, all the raw materials you need, it’s a dirty frigging business and they don’t give a give a rats ass about how they make them. So, they got that cost advantage. They heavily subsidized it and the Chinese Communist Party, Steve, knows better than anybody, that if they were able, they are able to seize that right, that one piece, everything else comes. It’s when we started offshore and jobs there kind of everything else had to follow.
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