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Bannon`s War Room
WarRoom Battleground EP 674: Trump's Energy Policies Vs. Failing Bidenomics
WarRoom Battleground EP 674: Trump's Energy Policies Vs. Failing Bidenomics...
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- [00:00]
Steve Bannon
How far can Donald push these members?
- [00:03]
Dave Walsh
Donald Trump push these members?
- [00:05]
Steve Bannon
How far can he push them to say, you're going to do what I say?
- [00:08]
Dave Walsh
Or else, do you think they're willing.
- [00:10]
Steve Bannon
To cross him on Pete Hegseth, on.
- [00:12]
Dave Walsh
Tulsi Gabbard, maybe even on RFK junior? I mean, the good part is we're.
- [00:16]
Steve Bannon
Starting to see the system actually play out.
- [00:18]
Dave Walsh
We said, well, there's not going to be any guardrails.
- [00:20]
Steve Bannon
Well, I mean, there kind of still is.
- [00:23]
Dave Walsh
And to Joe's point, it's like these guys aren't up for the job. You can get somebody else.
- [00:29]
Steve Bannon
We'll be nice.
- [00:29]
Dave Walsh
We'll do it politely and quietly, and then we'll get. Give you all the everything else that you want. So I think that's how it's going to play out. But you think about Pete.
- [00:36]
Steve Bannon
I mean, the Pentagon would swallow him up in one week. That's what I was saying. Push aside all the other horrific acts of judgment. You look at his lack of inexperience. Tuesday. It's Tuesday. Thank you. It's Tuesday. 17. December, year overlord, 2024. I just want to play that first part again. Not yet. I'm gonna call for you. You get a second. Just because he says the system's playing out. There's no guardrails. They say there's no guardrails, but there are. They're trying to. You see this on Capitol Hill at the cr. You see it. Everything they're doing, the nominations, they are working around the clock to mold Trump to moderate Trump, to try to get Trump to conform. Trump's at his best when he's not conforming, when he's breaking things and then sitting there as the builder he is and figures out how to reconfigure them and put them back together. You're in the war room for our evening show. You just had the late afternoon show. Ben Harnwell is going to join me from Rome, the eternal city. And we've got Walsh. Dave Walsh is going to join us about energy, because there's a commonality. What underpins every successful industrial society is cheap, efficient, available energy. And these governments in Germany, in France, in the United Kingdom, in Canada, they're either falling or on their back foot about to fall. And the United States of America, because of the same problem, the Western nations bought into this fantasy, supposedly the smartest guys in the room. And it has had a devastating effect upon the people. It's part of the populist reaction you've had. The fiscal and financial crisis but you've also had the cost of living. And one of the reasons the cost of living is out of control is because of all this radical concepts that were pursued by your betters. And that would be the global elite. I want to start first and I'll play this back, supposed to be played back in a second. I want to start first in Rome with Ben Harnwell. Our favorite topic of the Ukraine. And here's what upsets me so much with the Ukraine, Ben, if you go back to the very beginning of this fiasco almost three years ago, we were adamant, you, me, Posobic, the people we'd have on this is a disaster. Not even so much for the United States of America, although we knew we were going to get sucked into and writing huge checks. But it was really a disaster for the Ukrainian people. And what's happened over the last four or five weeks, if you have seen this, it is nothing short of disgusting. I actually put up the other day on Getter a story where Blinken and the Biden regime, the illegitimate Biden regime, I might add, we're now up in the faces of these, of these senior executives, senior personnel in the government of Ukraine demanding, demanding that they start to draft or basically Shanghai 18 or 500,000 18 year olds to send them to the battlefield. Because Biden cannot afford, cannot afford a catastrophic loss here. The Democratic Party can't. The global elites in the United States. And that's what they're getting. They're getting horrific, the worst of both worlds where they've killed or killed or wounded millions of Ukrainians. They have a completely devastated country and the Russians are in a better negotiating position than they were at the beginning of the war. Ben Harnwell, you've been all over this for almost three years now. I know you got a lot to say. Take it away, sir.
- [04:28]
Ben Harnwell
Yeah. As sociopathic overlords, you really get to see where the adjective sociopathic comes from. If you see their latest maneuverings on this, pushing Zelensky to lower the conscription age down to 18 in a war that is all but lost from the Ukrainian perspective simply because they don't want the collapse to happen. The Biden regime doesn't want the collapse to happen under its watch. It is sociopathic. The absolute disregard of any value of human life on the Ukraine side and on the Russian side. And this is what we have been talking about this in real time at the very point, Steve, that Russia is making gains at a faster rate in this war than at any other point in three years. So at the point where it's really turning around for Russia. That's the point that Biden, Blinken, Sullivan are coming in, putting the pressure on Zelensky to reduce that age. Look, so what I want to do today is I want to offer to the War in Posse something. Look, guys, when you're reading the board sheets like the New York Times and the Washington examiner and the Wall Street Journal, when you're watching cable and all the rest of it, they're not piecing it together for you. This is what the war room is here for. I'm going to try and put a narrative together here. There are three principal proposals, informal proposals that are floating around President Trump, and I just want to go through all three of them. One of them is the least objectionable. Let's start off with the Kellogg plan. General Keith Kellogg, who's been on the show quite a lot of times in the past, has some sensible things to say. I don't support him on this. The press are calling it the Kellogg plan. The flight Kellogg flight plan that's.
- [06:31]
Steve Bannon
On.
- [06:32]
Ben Harnwell
The National Security Council. It's even sort of being associated along with Sebastian Gorka. So whether we're calling it Kellogg, Kellogg flights, Kellogg, Floyd Flights, Gorka, this is their plan. And this is the one that most people seem to think has the president's ear. I don't believe so myself, but this is the standard plan. And all through these plans, I'm going to flag up now explicitly shelve NATO membership. As I've been saying for some time on the show, I think the whole issue of NATO membership is somewhat of a shiny toy, but at least they're shelving that. So the Kellogg plan is this Trump to supply more U.S. weapons to Kiev, but only if it agrees to talks. Those supplyings of weapons to Kiev would accelerate if Moscow doesn't agree to talks. The upshot of those talks will be that the US Will offer security guarantees, which could include boosting even more weapons supplies if an accord is struck. That is basically an open check to the military industrial complex. Steve, it's not America disengaging, decoupling from Ukraine, very far from it. It's on the slide. You're committing yourselves even more to defend Ukraine under this Kellogg plan than you would be doing if Ukraine just joined NATO. So I reject that plan, the Kellogg plan. But look out for that, folks. You will see it being mentioned in the press, often with the reference to explicit US Security guarantees. The other plan, let's call this the second plan, is Rick Grinnell's plan. And this is the idea of creating autonomous zones in the Donbas, which would be what isn't mentioned, of course, if you're having setting up suggesting that these sort of, these four I think provinces there that will be neither Ukrainian nor Russian, they will require underwriting and protecting and that again, there's no decoupling in sight for that one. So I can't commend that plan. The plan I draw closest to is Senator Vance's plan, which is basically, and I think in his words, to use demilitarized zone to support the frontier there between Russia and Ukraine to prevent further Russian incursions. And that would be the one of the three plans that I would find myself being drawn closest towards because it has less risk for America. That was with regards specifically the Kellogg plan with the US Backed security guarantees. Now you're also going to be reading folks, if you're following the news on this, references to Europe providing security guarantees. What I didn't get to mention in the show this morning, Steve, you know, I think this is absolutely explosive, I really do, is an article that was in Foreign Policy magazine basically saying that if you want peace then, then Zelensky needs to be sidelined. In fact, the headline is this Keep Ukraine out of talks to end its war. And here's what emerges in that article, Steve. And the journalist Anatol Levin is referring to his own direct sources here on the ground. And with regards to the European countries that are agreeing to send in their troops, what he has picked up, this journalist writing for Foreign Policy, is that they're only doing this behind the scenes because there's this implicit suggestion that there will be, and I quote here from the article, ironclad guarantee from Washington that the United States would intervene if they were attacked. So even folks, if you're reading stories here, that is going to be the Europe aspect of NATO or even part of under the aegis of the European Union that is going to be providing the security guarantees for Ukraine behind the scenes. The Biden administration for now because they're the ones pushing these talks are guaranteeing to the European capitals. You go ahead on paper and pledge to the security will come along and back you up, you will have iron cast guarantees whatever they might be worth that will come along and back you up if Russia should attack you.
- [11:19]
Steve Bannon
Steve, my only observation, but hold it, hang on, hang on, hang on, hang on. You're saying that essentially with the money we're putting in and we're continuing to put in, that's an Article 5 guarantee because that's hey, if you're attacked. It's like we're attacked and we will give you, we will come to your aid. That's essentially giving them NATO without having to actually do the NATO and take all the publicity. That's totally unacceptable. I don't know if any of those even Grinnells was that acceptable. But it cannot have. It has this. Anything that happens has to have de minimis amount of American money, no American troops and no American security guarantee. The security guarantee has got to be the frontline nations of Europe. It's got to be big talking Boris Johnson in the uk, it's got to be big talking Macron in the French. It's got to be big talking German government. All these guys talked a good game, talked a big game. Where are they? So we're going to be adamant here in the war room, not one American soldier and nothing even close to a security guarantee. If you do a security guarantee, you're just sucking yourself into a quagmire. You might as well be at in Vietnam with President Diem. This is outrageous. If that's true and if foreign policy is saying, hey, they want American to backstop an ironclad guarantee that they're attacked, that America comes in 100%, that's Article 5 and we're sending them money in arms so they get all the best of NATO without any of the commitments in NATO, except we have 100% of the commitments. That's not acceptable. It's totally unacceptable.
- [12:53]
Ben Harnwell
Steve, it's worse than Article 5 because Article 5, when you read it, doesn't actually oblige signatories to commit to anything other than taking what action that they deem to be necessary. And that could be a sharply worded fact. We were observing this. We're appalled. We're monitoring it closely and that's if a NATO member is attacked, we're following this and we're monitoring it closely and that fulfills Article 5 obligations. What this article here in Foreign Policy is talked about is binding you in to actually intervene if one of these nations that are underwriting Ukraine security guarantees are attacked to bind you to actually do something. So it's worse. And as you point out, the actual subs of the 2%, I think Estonia's lobbying now for this to be raised to 3% of the defense spending of GDP. But that's obviously not the end into this discussion. I have a point, Steve, to mention with regards to this, right, which is even more appalling when you zoom out. You and I, over many years, we've both read A great deal of books on the Second World War. What I remember reading in these books, back when the war, when the dynamics between Germany, Russia and what have you, you were kicking off, was what were called secret protocols. These are secret agreements that two states would have with one another and they would be known only by the two governments. The signatures of that. The practice of secret protocols was so abhorrent after the Second World War had been won and the United nations had been created. The signing of secret protocols is prohibited for all UN member states. So I don't want to use the word secret protocols for this, but we're nudging up against it. My point is these paladins of the international rules based order as they portray themselves could actually not have less contempt for the international rules based order that they're supposedly trying to defend. It is just a grift for them. And this here, as I say in foreign policy, is an absolutely horrific article because it suggests what your illegitimate regime is doing behind your back. Americans, because they know Ukraine membership in NATO is so unpopular, they're trying to stitch you up without even you knowing about it.
- [15:39]
Steve Bannon
So this gets back to the cr. The fight we're having for short term funding. This funding folks, is for 90 days and kicks the can down to March. 90 days. Look at the struggle we're going to have on this and the knifing in the back on this. This pales. This is going to be 1/100th of what's going to happen in the fight in the budget fight for next year, for the full year and then every year after that. I want folks to embrace the first rule of debt club. The first rule of debt club is you never pay off the debt. You never pay off the face amount of the debt. You're only scrambling to pay the interest. In Ukraine we will end up have sent $250 billion. And there's more. You know, we just did a $50 billion loan where we stole, essentially stole the money from the Russian people, something we've never done. We didn't do that to the, to the Nazis. We didn't do that to Imperial Japan. We didn't do it to the fascists in Italy. We literally stole the money of the Russian people from their central bank that was in western banks, particularly in US Banks and not just used it as a loan guarantee. Kind of took the cash and sold the assets and used it as the loan itself. My point, these budget fights are going to get more and more horrendous. And the core of the budget fight, the Core of Doge. And what Russ Vogt's trying to do is trying to make spending match revenues. The only way to get there without tax increases because you just can't keep printing money is you're going to have to have. You're going to do less things. There's no research on crickets or, you know, all this stuff you see on Fox all the time comes around, Paul, that stuff's all fine. Yes, that ought to be cut off. But that's not what we're talking about. It has to be major. You have to take major blocks, major departments, major agencies, major programs, programmatically and take billets with it. And the Defense Department's right for that. The reason this thing, it's $900 billion. It just passed, I should say right now it's passing. The Senate version is passing right now. The House passed the other day and they'll do a joint bill and have it to the president's desk here pretty quickly. $900 billion. Almost a trillion, actually. We spend more than a trillion. But they spread it out to other cabinet positions so that we don't have to sit there and go, look, it's a trillion dollar defense budget. When it is a trillion dollar defense budget. Luxuries like Ukraine, where the globalists are running around and Biden did this because the crimes in Ukraine of Victoria Nuland and Samantha Powers and Ann Applebaum and all the sorority, you know, all the death sorority sisters and others on the color revolution in Ukraine, we start investigating that. All the kickbacks to Zelensky, all the money his oligarchs just grifted off the top. It's like I said, the pus that comes out of that when you pick the scab is going to be so ugly, the American people are going to be revolted. So you can't keep putting money in this now. You can't really get sucked in even more having worse than NATO obligations, security guarantees. Look, I'm a big fan of Keith Kellogg. I think General Kellogg is a good man and he's served President Trump well. I was not totally thrilled of some of what he did with Vice President Judas Pence, but hey, but his ideas are so radical as to be worse than neocon. It's like the warmonger Pentagon worst element of it. So somebody's gotta do a rethink on this. And I hope Rick Cornell, who's been now brought in as ambassador at large for special projects special assignments, will get on top of this. But there should be absolutely no security guarantee whatsoever from the United States. And people are saying, well, Steve, that's impractical. Then the war is going to continue. I go, really? If we cut the money off, the war is going to continue. You expect they got. France's government's in freefall, the German government's in freefall. The British government basically has the biggest majority ever. They're in freefall and they have no money to meet their own basic commitments. The English this year are freezing. They don't have enough money to kind of do the fuel subsidy or whatever it is. Grandmothers are freezing this Christmas. Oh, you're telling me they got excess cash? No, they rely upon Uncle Sugar. So it should be no money and no security guarantee. I apologize over Christmas for taking a hard line, but that's the hard line and it's the proper line. We have nothing. Do we have 15 million invaders in our own country. And so far I haven't seen anything about how the deport. We're going to deport them out. President Trump's working plan. But all I hear on MSNBC and CNN every night, you can't do it, cuz it's $900 billion or $300 billion or $100 billion. They're not bitching and moan about the money we send to Ukraine. Every penny we send to Ukraine does not secure the southern border. And we have a long way to go. Just because we won the election, nobody's left. And you heard the ACLU we played this morning on Rachel Maddow, they don't intend to anybody to leave. So this fantasy in Ukraine has got to stop. We have to put it back on. To the European nations that got us into this mess and the people in Davos that got us in this mess. The people in Brussels that got us in this mess. And guess what? When you put it back on them and they got to face their voters, they get turfed out. Why are we missing this lesson? The Germans get turfed out. The Macron's gets turfed out. Boris Johnson's Tories got turfed out. Going to be replaced by Niger Farage Trudeau, one of the biggest Ukrainians and his finance minister. As you heard on the show this morning, she's one of the most over the top Ukrainian supporters, according to Jim Rickards. So let them all get turfed out. Let their voters get it up close and personal. If the grandmothers in the UK freeze this Christmas because there's not enough money to pay for their fuel subsidies, then look at the £50 billion you sent over to Ukraine. Where is that Now, Boris Johnson, who should be brought back and tried for treason in the United Kingdom, because I'm sure he's getting kickbacks left and right. Ben Harnwell, any concluding thoughts in the Ukraine?
- [22:07]
Ben Harnwell
Well, look, yeah, you mentioned that the asset seizing. I think there's about 100 billion worth of. $100 billion worth of Russian assets in America. 300 billion, I think, is the figure I see for Russian assets in Europe. The confiscation of these, what makes it even more appalling than it is just stealing from the Russian people is the fact that it's not being done with any due process whatsoever. And by due process, I mean the state prosecutor or the federal prosecutor should go to before a judge and say, this person is guilty of a crime. And these assets that we need to seize because they've been illicitly gained by crimes which we will demonstrate in court, there's been none of that. People's names has been put on a list, circulated amongst the State Department and the private individuals, and their assets have been frozen, and now they're being confiscated. And if you look the way to say how terrifying this is, this will be a precedent which will be used against Americans in the future. That's the. That's how dangerous this is. We got to this stage as a Western civilization. As a civilization, we got to this point where we are. That our sociopathic overlords are destroying because we had respect for the rule of law, and our sociopathic overlords have no respect for that. And we can see they portray themselves as adults in the room and the great defenders of law and order, they could not have more contempt for it because those institutions stand in the way of their grift.
- [23:54]
Steve Bannon
Unreal. Ben, just hang on through the break. I'm going to bring Dave Walsh in, but I want you to stick around. This gets back all of these. Get back to how do we actually finance this country? Because we can't really have tax relief for the working class. We can't allow regulatory relief and tax relief that impacts in a positive nature the lives of the middle class and working class. And that is the central focus right now. If we do that, things are going to take care of themselves. But one thing you have to do is stop this mass federal spending. How do you do it? First you got to draw back the commitments. The commitments we do internally and the commitments we do externally. And I think we start on the external commitments first. Everybody said America is the essential. Yeah. Because where the suckers are walking and write checks, does it get any better? Does it get any better? The things actually get any better is things gotten better in Ukraine. We spent a quarter of a trillion dollars. We spent a quarter of a trillion, $250 billion that we know of. I'm sure they're kicking money in there left and right behind the scenes. Did it get better? No, it did not. You have a million casualties on the Ukrainian side and 700,000 casualties on the Russian side. No. And the country is devastated. In the land deal, the deal that President Trump's going to cut, I think hopefully it's as good as when the war started. I don't know. That's going to be a pretty tough sell to the Russians, I think. Okay. Birchgold is our sponsor. We're so honored to have Birchgold now more than ever. I think. Look at the turbulence we've gone on Capitol Hill just on a simple cr. We are going into a time of turbulence. Not President Trump's here to make changes that need to have to be made. He's not here for his health. He didn't do this fight to kind of come back and hang out. He's back here to save his country. 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- [31:18]
Dave Walsh
War Room Battleground with Stephen K. Bannon.
- [31:23]
Steve Bannon
Okay, I'm going to be out at amfest Thursday night. I think I speak. I want everybody from the posse that can make you local or if you're coming from the region, it's going to be fantastic. Turning Point puts these on great. Amfest.com warm you get 25% off, treat you and your loved ones to a great Christmas gift. Go out there, hang out. We're going to do Thursday, Friday, Saturday live. So that's four hours. So 10 hours of live broadcasting with Rural America's Voice. We have audience participation. I'm going to break off and do something, get to meet all you guys, take photos and then I give a speech on with Tucker and Don Jr. On Thursday night. But I'll be around the rest of the time hanging out and making sure you get full access. Amfest.com I'm really looking forward to this. And government gang says we're 100% down for and tomorrow I'm gonna show you new sites that are coming up to support President Trump's nominees. That's why I played that thing at the beginning with Tim Ryan, these guys saying, oh, well, you know, the system is starting to play out. They're gonna normal people in there, they're going to get rid of Hexat, they're going to get rid of Cash, they're going to get rid of Tulsi, they're going to get rid of rfk. I don't think so. So tomorrow we're going to show that until the time government gangsters see what cash some of his thoughts about not just the FBI, but the doj, all of it about what they had to do to President Trump. War Room that's our new site. I'm putting up all my old films. We're going to announce, I hope next week at amfest a whole new slate of movies that we're doing. So I want to get everybody up to speed. But go see Government gangsters, War room. Check it out today. It's on Salem now, I think streaming. Get this thing streaming everywhere. I think if you're old school, want a dvd, we'll get you a DVD too. Any way you want to see it. We will see it. Dave Walsh under paint Dave Walsh has been like an Old Testament prophet. That's why I'd love me some Dave Walsh. And I hope and I believe Dave Walsh is going to be part of the Trump administration in the not too distant future. But Dave, you have, you have. This is what I this is a called shot. And the worms had many, many, many called shots. But this is one of our best. Dave Walsh has said for years on the show he said, hey, you cannot run a modern industrial economy with this madness that they're doing on net zero carbon I guess is the way to say it. You take all the climate change and all this stuff down, it's a radical plan of energy that just exists. It's not sustainable, it's not available, it's vastly expensive. And one after another in Germany, in France, in the UK in Canada and now in the United States, this big thing we just had about inflation, part of it was the cost of living because energy costs are getting out of control. So Dave Walsh, can you just walk us around the horn there? Use an old baseball saying of these governments that keep falling and the underpinning of a lot of this is just the radicalness of their energy policies and President Trump. That's why Bessence333 the last one, the three main that's a catch all for full spectrum energy dominance back to what President Trump did in the first term. Dave Walsh, the floor is yours, sir.
- [34:46]
Dave Walsh
Well, we have coincidences. There are coincidences. These governments in Germany and in Canada beginning to fail Yesterday Deputy PM Freeland resigns as Finance minister under Trudeau and leading to OS Schlotz attempts to now have a snap election because his alliance has failed in Germany was his firing of Christian Linder about a month ago in November who was again finance Minister over the reckless disagreement with finance ministers in both countries. With the reckless financial course government leadership is on in Canada. Trudeau, Marlena Smith, the Alberta premier has been very outspoken a conservative on the absolute lunacy of net zero DCARB policies across Canada, but particularly affecting Saskatoon, Calgary, Alberta, specifically with the lack of ability to drill for oil and gas and now the mandates to achieve net zero as a country. Being very, very adamantly outspoken, she supported heavily this movement that has got Trudeau now on the ropes. Even the Jarmeet Singh, the leader of the opposition New Democratic Party is calling for his resignation. His ally group, Trudeau, so hopefully soon enough. But energy is at the core of the complaints about the budget. Of course, now that the new President Trump has announced the possibility of 25% tariffs on Canadian imports if they don't get their arms around immigration, which they haven't, and immigration to this country. Sotrudo comes out with sales tax relief and a $175 subsidy to Canadians, but no discussion of reducing the immigration mess he's caused. So he's now fired his finance minister who has written very vehemently that hey, let's get at the core issues here of energy and of immigration to help avoid 25% tariffs in the US let's get along with the US so he's allowed her to resign, but it looks like he's on the ropes as well, which is a good thing. Germany, the same thing you mentioned. Okay. Western Europe, in the time that we've now put forward 250 billion to support Zelensky. Western Europe has procured 188 billion of natural gas and oil from Russia over the period of this conflict. So little has changed in their behavior. Germany shut down nuclear plants. Germany had a 10 day period only three weeks ago with no wind in country. Therefore the electrical grid nearly collapsed over a 10 day period back in November, late November, leading again to the enormous energy cost. Germany is seeing flat economy leading to this collapse of Scholz government, albeit he seems to be wanting a snap election to occur. But that's, you know, that's a dangerous, dangerous game, but it's all about in large part energy costs as they've continued now to import LNG to offset the shutdown of their 17 nuclear plants. Carbon free, cheap, existing, fully amortized nuclear plants all closed, importing mass quantities of LNG because they will not frack gas in Lower Saxony where they're abundant with it. England, the case is even worse with imports of LNG at a very high cost to offset energy shortages there, given their refusal to further exploit the North Sea gas fields, their refusal to frag on land, their refusal to harvest coal any longer. In England you've got basically collapse of the economic, former very strong energy economy, energy driven economy in the uk Scotland And Wales is now on the ropes due largely to energy policies and now highlighted by this war effort where they continue to import massive quantities of LNG from here at a very high cost as opposed to producing it and still from Russia. So you've got economic collapse leading to the collapse of these governments. I think we're going to see continued movements in the direction of populism as we go forward. Largely energy at the core of the issues.
- [39:00]
Steve Bannon
Let's go to the United States. By the way, I just want to note, I was with Nigel for a couple days and he said that one of the things that's driving labor into these, they have a majority, the biggest majority ever, but they're getting crushed everywhere they turn is this thing about the grandmothers being freezing. You know, they're cutting the energy subsidy over, you know, over the Christmas holidays. And they said look, there's no money, they're scraping for money. But he says it gets back to a terrible energy policy here. The question is, tell me about this change over Biden. And these guys are trying to do everything possible to chop block President Trump. Tell me, give me the state of play with where we are with Bidenomics energy and how do you do that shift to what President Trump does? Because you can do executive orders, you can get the animal spirits going in the energy area, but eventually you got to do this kind of massive deregulation, don't you? Don't you have to get in and kind of deconstruct the administrative state on this?
- [39:54]
Dave Walsh
Dave Walsh yeah, we need to get the federal government out of the electricity business by removing the incentives on part time intermittent resources that provide very, very little energy and are not new technology, wind, solar and battery storage. Incentives must be eliminated. And to wit, Biden in his death moves here has now sponsored this morning a $15 billion subsidy to Pacific Gas and Electric on top of yesterday's announced 9.6 billion subsidy to Ford Motor for a new EV plant. Stepping into what the Federal Power act created the legislation and initiative for states to run electrification. States are in charge of electrification through their public service commissions. The federal government cannot legally step in and subsidize what are supposed to be state regulated state controlled electricity costs. Legally, incentives tend to do that. They hide the true cost of electricity. So the administration will need to step forward to Biden. Throwing gold bricks over the over the side of the ship is one of his chief officials mentioned just try to spend out all of this IRA money that he created his so called inflation reduction act by handing PGE 15 billion to further hide the true cost of electricity in California. That's not legal pursuant to the Federal Power Act. We've got to eliminate these incentives. We have to work hard to jawbone states to get off of this trough of wind, solar and battery storage. Florida, Georgia, Virginia, not just California and Texas. But we've got numerous, numerous red states who have adopted heavy, heavy North Dakota, South Dakota included reliance on wind, solar and battery storage, incentives to produce energy costs that are six to 11 times higher because we're incentivizing activities that at their core are far, far more expensive in capex cost than basic combined cycle natural gas fired electricity. So we're going to have to take some draconian steps to get states on board with ending their reliance on energy sources that violate the monopoly status of utilities. Utilities have monopoly statuses in many cases in exchange for offering abundant, low cost, reliable electricity to consumers in states they are now acknowledgedly not doing this, they're offering shortages of power, they're offering far higher costs, up 34% in the last four years electricity. So they're basically in violation of the benefit of the bargain that won them, such as FP here. Duke Energy in the Carolinas won them monopoly territories. They violated their end of the bargain. That status should be challenged. Their status to be regulated monopolies. Given that they're not keeping their side of the bargain on abundant and low cost electricity, they ought be challenged with the competition arriving in those states where you've got regulated monopolies granted, where the monopolist operator is not holding their benefit of the bargain, which will supply quantities of electricity at low cost.
- [43:19]
Steve Bannon
Since this has to dovetail with President Trump's tax plan, the tariff plan, the trade plan, the deportation plan to get excess labor out of here, that's dropping wages for the working class and some of the middle class. This energy plan, the energy, what I call the energy reboot, if he starts, they're thinking through now and hopefully you're part of the team, eventually they pull the trigger on 20 January. How long before this kind of kicks in? Because the taxes, everything else, they take a while to actually some of the deregulation can happen, you feel the impact immediately. But if you did it starting in January, how long would it take to get done and how long before it starts to kick in?
- [44:02]
Dave Walsh
Well, we need to try the obvious, a legislative initiative to roll back the incentives on wind, solar and battery storage. But with a four to five seat majority in the House, I'm not thinking that's practically possible to happen. So one has to go to the more draconian steps of the reviewing the monopoly status of utilities who are devoted to energy resources now that are very limited in quantity, high intermittency and low in reliability and low in abundance and challenge their monopoly status. And B, of course not through the EPA we can dismantle the regulatory status of the endangerment finding on CO2 made by the Obama administration can be re reviewed. And all the steps Biden has promulgated for abandoning gas fired power through using carbon capture converting fuel to hydrogen can be dismantled immediately. Those can be dismantled immediately within the epa. The tax incentives a harder thing without Congress. Therefore you go to looking at the monopoly status of utilities who are not serving their ratepayers adequately and you go to the illegality of the federal government stepping into subsidized rates when the Federal Power act delegates that authority to states, not the country.
- [45:22]
Steve Bannon
This is going to, this is going to. And this is about not just states rights, but federalism, all of that and it gets cheaper. Just like education. You need to be down on the deck plates. But this is the reason the CR is going to have not many Republican votes because as Ralph Norman said, hey Doge and what Elon want to do, the CR works against it. This exactly on the energy. The energy dovetails of what Doge wants to do. You have to get it, put it in and then get into the appropriations process. My point, they all have to merge together. If you want to undo what Biden's done and just to build up layer after layer of the administrative state and you need the Dave Walsh hammers in there to do it. Dave, I gotta bounce. Amazing. Called shot. All these governments are falling and the underlying predicate of the financial crisis underlies an economic crisis and the economic crisis that they've abandoned as industrial advanced industrial societies. As Dave Walsh said, you can't get away from plentiful, reliable, cheap energy, full stop. That is the physics, the physics of a modern economy deals with that. Dave Walsh where do people go to get you what we can get you?
- [46:34]
Dave Walsh
Thank you Stephen. And this is showing up in England, the uk, Germany and Canada in massive government overspending that can't be controlled. Find me on Twitter through Social X rather and getter avewallsenergy thank you Steve.
- [46:48]
Steve Bannon
There's no coincidences. Brother Ben Harnwell, some closing thoughts and observations, sir, before we let you go tonight.
- [46:58]
Ben Harnwell
Yeah, looking staying with the theme of the countries around the world that are being turfed out. Every single one of them was in on the Ukraine hoax and in on that hooks big time. That is a part, that is definitely one of, one of the lines that joins that phenomenon. And of course it's the point that the mainstream media is putting all the shiny things in the way possible to stop people from associating those connections. First point, second point is that when you're looking at these countries, the regime, the regimes, the regime is all the same really, country to country. It's lost the cultural battle. It's lost the media's grip over the people. So the one line of defense that they have left to keep their grip on power is the courts, the superior courts. Specifically overturning election results and what have you. That is definitely something to watch out, you know. And the press again doesn't draw the line when you see it, folks. When you're reading the newspapers, watching cable, every time you hear a reference to intervention to protect democracy from a constitutional court or a Supreme Court, look into this because that's their last line of defense. And of course, because judges are unaccountable, they can be easily manipulated by the people who put them there. Third and final point, Steve, you mentioned Nigel Farage telling you about the plight of old people living alone in their council flats, those tiny little damp properties. They don't even have the money to put one bar on their electric heater. I want to pick up on what you said. It's not that there is no money because the UK is a very rich country. It's how the regime distributes money and spends its money. They have plenty of money for Ukraine, nothing for old ladies. It's exactly the same as you said a couple of weeks ago on the show when they highlighted veterans as the reason the US can't balance the books. We say on this show all the time, we bring industry onto the show all the time. We say stop buying products from people who hate you. Stop electing people who hate you. That's what I would say to the uk Stop electing people who have contempt for you and hate you. They will send your tax money to Ukraine and they will let old people freeze to death.
- [49:34]
Steve Bannon
Yeah, those are just not any old people. Many, many, many of them are the sons and daughters of those that were at Swore Sword and Gold beach and Juno beach on Normandy. The children of the soldiers that the British soldiers that fought back the Germans on D Day. Thank you, brother. Appreciate you.
- [49:58]
Ben Harnwell
Thanks, Steve.
- [49:58]
Steve Bannon
Ben Harwell, get him over at Getter. Putting up stuff all the time. Jim Rico is on today. Birch Gold, excuse me birchgold.com you got to get my end of the dollar empire. The new installment, modern monetary theory, an idea that broke the world. You understand that when you read it. Don't miss it. Paradigm Press, you got Jim Rickards joins this morning. Go to rickardswarroom.com you get access to all his newsletters plus his writings. He's quite extraordinary. Amazing show today. Catch us out in Amfest. We're going to be out there Thursday through Saturday here in Real America's Voice. We want to see we're going to be live but want to see you live. Amfest.com Warren put more room in. You get a 25% discount. Think about that on a on a general mission ticket. General mission gets you into the war room. Live audience. So go check it out. We're going to leave you now we're going to leave you now with St. John the Evangelist on lyrics Book of Revelation it's taken from Johnny Cash is the music and a modern rendition of when the Man Comes Around. We'll see you tomorrow morning at 10:00am Eastern Standard Time. When you be back in the word Whoever is filthy, let him be filthy.
- [51:21]
Dave Walsh
Still listen to the words written down when the man comes around Hear the trumpets, hear the pipers 100 million angels.
- [51:37]
Steve Bannon
Singing.
- [51:39]
Ben Harnwell
Multitudes are marching to the big.
- [51:42]
Steve Bannon
Hell drum Voices calling that voice is.
- [51:48]
Ben Harnwell
Crying Twins and song and some have.
- [51:52]
Dave Walsh
Died Salva and omega's kingdom come and.
- [51:58]
Steve Bannon
The whirlwind is in the thorn tree.
- [52:02]
Dave Walsh
The Persians all are trimming their whips.
- [52:06]
Steve Bannon
The whirlwind is in the country it's.
- [52:11]
Dave Walsh
Hard for thee to kick against the pricks.
- [52:14]
Steve Bannon
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