War Room Battleground EP 672: Criminals Robbing From The Future To Get Elected

Host: Stephen K. Bannon
Release Date: December 14, 2024
Podcast: WarRoom.org
Description: In this episode, Stephen K. Bannon delves into the critical issues facing the United States, including government spending, national debt, labor statistics integrity, and escalating geopolitical tensions. Featuring insights from capital markets expert Ed Dowd, the discussion highlights the urgent need for political engagement to combat perceived governmental overreach and fiscal irresponsibility.

1. The Battle Against Government Overreach and Fiscal Mismanagement

Timestamp: [00:07]

Stephen K. Bannon opens the episode by emphasizing the ongoing struggle against what he perceives as oppressive governmental actions. He urges listeners to remain vigilant and engaged to prevent authoritarians from gaining unchecked power.

Stephen K. Bannon: "If you continue to look the other way and shut up, then the oppressors, the authoritarians get total control and total power." ([00:07])

2. National Debt and Deficit Spending Concerns

Timestamp: [07:04]

Bannon introduces guest Ed Dowd from Hawaii to discuss the burgeoning national debt and the impact of deficit spending under the Biden administration. Dowd criticizes the government's expenditure on illegal immigration and military support, asserting that these actions are unsustainable and detrimental to the country's future.

Ed Dowd: "They are literally robbing from the future to get elected." ([08:40])

Dowd highlights the alarming increase in deficit spending, noting that the recent figures are comparable to crisis levels seen during the Great Financial Crisis. He attributes this spending to efforts to secure reelection by injecting "sugar juice" into the economy through means he deems ineffective and harmful.

3. Labor Statistics Integrity and Potential Fraud

Timestamp: [07:04 – 20:35]

A significant portion of the discussion centers around the integrity of labor statistics in the United States. Ed Dowd references a report from Zero Hedge, which points out discrepancies between the Bureau of Labor Statistics' (BLS) non-farm payroll numbers and the Quarterly Census of Employment and Wages (QCEW).

Ed Dowd: "The last couple months, this spending is unconscionable... This is a disaster waiting to happen." ([07:04])

Ed Dowd: "If there is fraud, this affects three distinct entities... the Fed, corporations, and the capital markets." ([15:40])

Dowd argues that the significant disparity—identified as a seven-sigma event—between these two data sets suggests either severe bureaucratic incompetence or deliberate fraud. This discrepancy undermines confidence in economic data, potentially destabilizing capital markets.

4. Seizing Russian Assets and Implications for the U.S. Dollar

Timestamp: [12:45 – 14:53]

The conversation shifts to the Biden administration's unprecedented move to consider seizing $20 billion of frozen Russian assets to fund the Ukraine war. Ed Dowd explains that this action deviates from historical U.S. practices and could accelerate efforts by the BRICS nations to move away from the U.S. dollar as the world's reserve currency.

Ed Dowd: "This is something you would do definitely to wobble the reserve currency status." ([13:31])

Dowd warns that such measures may erode global confidence in the U.S. dollar, spurring de-dollarization and weakening America's financial influence internationally.

5. Trump's Potential Preemptive Strike on Iran's Nuclear Program

Timestamp: [20:35 – 22:39]

Stephen K. Bannon discusses a Wall Street Journal report indicating that President-elect Donald Trump is contemplating preemptive airstrikes on Iran to halt its nuclear program. This strategic shift marks a departure from previous U.S. policies focused on diplomacy and sanctions.

Stephen K. Bannon: "President elect Donald Trump is weighing options for stopping Iran from being able to build a nuclear weapon, including the possibility of preventative airstrikes." ([21:00])

Bannon emphasizes the severity of the situation, suggesting that inaction could lead to a broader conflict, reminiscent of historical global tensions before major wars.

6. Geopolitical Tensions and Potential for Escalation

Timestamp: [22:39 – 23:35]

Ed Dowd expresses skepticism about the authenticity of the Wall Street Journal leak regarding Trump's military options, fearing that it could be a tactic to manipulate Trump's decisions or incite market instability.

Ed Dowd: "This adds another element of escalation to already global tensions." ([22:39])

The discussion underscores the precarious state of international relations, particularly concerning Ukraine and Iran, and the potential for these tensions to trigger wider conflicts affecting global stability and the U.S. economy.

7. The Urgency of Political Engagement and Economic Reform

Timestamp: [23:35 – 24:37]

Bannon stresses the critical need for political action to address the nation's fiscal and geopolitical challenges. He advocates for supporting the incoming Trump administration to implement policies aimed at reducing the deficit, securing the border, and curbing unnecessary military interventions.

Stephen K. Bannon: "We're going to need to correct, especially the stock market. It's not the end of the world." ([23:35])

Bannon calls for immediate reforms to prevent the perceived erosion of American economic and political integrity, urging listeners to remain proactive in supporting these initiatives.

Conclusion

Timestamp: [54:05 – End]

As the episode concludes, Bannon reiterates the interconnectedness of the national debt, flawed economic data, and escalating international conflicts. He warns of the dire consequences if these issues remain unaddressed and emphasizes the necessity of decisive political action to safeguard America's future.

Stephen K. Bannon: "We're hurling down that path... Don't put it past these folks." ([24:37])

Bannon closes with a call to action, urging listeners to take steps to protect their financial well-being and remain engaged in the political process to effect meaningful change.

Notable Quotes

• Stephen K. Bannon: "If you continue to look the other way and shut up, then the oppressors, the authoritarians get total control and total power." ([00:07])

• Ed Dowd: "They are literally robbing from the future to get elected." ([08:40])

• Ed Dowd: "The last couple months spending is unconscionable... This is a disaster waiting to happen." ([07:04])

• Ed Dowd: "If there is fraud, this affects three distinct entities... the Fed, corporations, and the capital markets." ([15:40])

• Stephen K. Bannon: "President elect Donald Trump is weighing options for stopping Iran from being able to build a nuclear weapon, including the possibility of preventative airstrikes." ([21:00])

• Ed Dowd: "This is something you would do definitely to wobble the reserve currency status." ([13:31])

• Stephen K. Bannon: "We're hurling down that path... Don't put it past these folks." ([24:37])

Final Thoughts

In this episode of War Room Battleground, Stephen K. Bannon and guest Ed Dowd present a critical analysis of current U.S. fiscal policies, labor statistics integrity, and escalating international conflicts. They argue that unchecked government spending and flawed economic data pose significant threats to America's economic stability and global standing. The discussion underscores the urgency for political engagement and policy reforms to address these pressing issues.

Listeners are encouraged to stay informed, support initiatives aimed at reducing national debt, and remain vigilant against what they perceive as governmental overreach and fiscal mismanagement.