Episode 5587: Expansion Of The Ukraine War

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Bannon`s War Room 54 min 7 speakers 8 chapters transcribed 1 month ago

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What is the opening premise of the episode and who are the main hosts?

Stephen K. Bannon 0:02

This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on these people. I got a free shot on all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you've tried to do everything in the world to stop that, but you're not going to stop it. It's going to happen.

Jake Tapper 0:24

And where do people like that go to share the big lie? Mega media. I wish in my soul, I wish that any of these people had a conscience.

Unknown 0:34

Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. War Room. Here's your host, Stephen K. Bann.

Stephen K. Bannon 0:51

Thursday, 13 August, Year of Our Lord 2026. We're going to go to the White House in a moment. Dr. Peter Navarro. We got Jim Rickards on and we're continuing with Dr. Jeffrey Tucker. So those are three of the smartest guys I know. on a Thursday in, in August, Dr. Tucker, about a month ago, you took analysis from, I think the guy that, that founded Grabian, I think he's living in Spain. He had some time to go through all this analytics and you were, you were, you know, helpful enough to kind of put out some stories, some write-ups, the saying, Hey, look, we talk about the purchasing price of the dollar dropping 20 to 22% during Biden's The illegitimate Joe Biden's reign of terror in capital markets and on the economy.

Stephen K. Bannon 1:35

But you're saying, hey, I got bad news for you. It's 50. It's 50 percent or more. This gets back to my people's heads are blown off the last couple of days of these like the Lakers go for 12 billion. They just sold for 10, like a year and a half ago. And before that there were people thought they were like $2 billion. They got the queen music publishing library sells for a billion dollars. I think Springsteen sells for multi billions. That's a reflection, not simply on the value of these, but it's a scarcity tied to the drop in the purchasing power of the fiat currency of the U S dollar. Sir, it make it make sense to us.

Jeffrey A. Tucker 2:12

Well, inflation of this scale hardly ever makes sense, and that's one of the major problems with it. It feels sometimes like prosperity. Even during the Weimar Republic, people were thrilled. They were becoming millionaires. The jobs were everywhere, and there's much to do, and it felt like profits were going great, and the stock market was soaring. People don't know this, but even in the early years of the Weimar Republic, inflation before the currency was destroyed, the German stock market was going through the roof. And yeah, it's not as bad as that, obviously, here, but we're seeing how this works. On one hand, we've got Elon Musk, who's a trillionaire. It seems like all these companies are are making billions and hundreds of billions of dollars.

Jeffrey A. Tucker 2:58

And it seems like, wow, things are looking good.

How does Stephen K. Bannon introduce the guests and set the agenda for the discussion?

Jeffrey A. Tucker 3:01

Well, how do we know? This isn't just the loss of purchasing power. This is just monetary depreciation playing itself out in real time. And you know this because when you go to the store, you're every day shocked. I was trying to buy a snack the other day at the at the convenience store, and it seemed like everything was $4. And I thought, what in the world? Who can afford things like this? I'm paying $16 for a tiny bucket of cheese. I mean, nothing really makes any sense. So we need, and it's even worse that we don't have accurate measures. The Reality Index, that I like to quote, believes that CPI is better It's systematically underreporting inflation by about a third. So when you hear, as we did a couple of days ago, the CPI is running 3.4%, that's bad, but it's probably closer to 4%, at least it was the month before.

Jeffrey A. Tucker 4:02

So it's actually worse than even the BLS is reporting. And the reason for that, it's not that the bureaucrats are lying to us, really. It's that they use weird methodologies that are designed to underreport inflation with hedonic adjustments. They don't really report house prices. They report homeowners' equivalent rent. They don't even bother with what you're paying for health insurance. That's why it doesn't show up.