Transcripts. Bannon’s War Room. Bannon Explains How to Maximize Leverage of Conservative Grassroots Against the Administrative State. January 10, 2023.
Topic: Debt Ceiling/Leverage. Bannon Strategy. January 10, 2023.
Transcripts from Bannon’s War Room on Rumble: Steve Bannon Explains How To Maximize The Leverage Of The Conservative Grassroots Against The Administrative State
Published January 10, 2023.
Steve Bannon
Elise Stefanik and Steve Scalise throwing down the gauntlet this morning all offense, all the time, across a range of things, both rules and legislation, they're bringing up. Issues about all these investigations. And of course, everybody's already talking about…People ought to understand.
The note, to all the hedge fund guys who watch this show throughout the world and note to the left-wing media that watches the show, we're not playing the fool’s game. We're not going to wait because everybody's that all the, you know, they get a knitted brown, they're sitting there going, you know, the debt ceiling. Well, we don't know what's gonna take place because the tax revenues is going to be the summer or the fall now discussions with the death sign are started immediately there.
We’re not playing the sucker’s game that you run totally out of cash and then they put the gun to the head of people and say, oh my god, we're going to ruin the the full faith and credit of the United States. It must happen. Is must happen. No, they played that game in 2011. That game’s not happening.
We’re going to get way ahead of the game. And here's the thing, the debt ceiling is not going to increase one penny, not one penny. People say, it's going to be tied to spending cuts and you got the balance... It’s not going to increase one penny. It’s not going to increase one penny.
Number one, it's got to be inextricably linked with changes to the Federal Reserve, the ownership of the Federal Reserve. It's absurd and obscene, that the Federal Reserve, your currency is owned by the 24 prime broker banks, including JP Morgan, which owns the lion's share of the biggest slug of the 24, absolutely obscene.
Might have been okay to went to Jekyll Island behind the scenes, when they cooked this thing up because they wanted to kill the populous movement that was so on fire in the 19th century. And they could finally use a financial panic to do it. But no, that's not going to happen now. In addition, we're going to show people how you don't have to increase the debt ceiling. You can, you, can you want spending cuts?
I can give you spending cuts. The cash comes in, but I think they've projected us $4.9 trillion dollars. That's cash comes in from tariffs, from fees, from taxes, right? corporate taxes and income taxes, right? All comes in. Cash comes in all the time. You pay off the debt. You never, you never default any of the currency. We've done plenty of bankruptcies.
I've been advisors to committees and to companies. You pay the securities. The waterfall is you then pay the interest and all the rest so got the rest, everybody’s current, everybody's happy, right? They got their money, then you pay social security, Medicare, plenty of money for that. Not going to miss anything there. Got it.
Got that. And then hey we have a discussion right? How much cash? And what our obligations here? They're not contractual obligations. They're not. They're just not contractor obligations. It's time to have a real discussion. What can we afford? Let's have that discussion. Then we can talk about.. Let's have that discussion first. Let's you know, Russ Vought and I will put for you. We'll put forward and say here's the cash flow. Here's how it comes in. Here's the timing on a week by week basis. We did this in the Trump White House in 17 when it came up this debt ceiling issue before and it came up with the and by the way, note to self, leverage, we had all the leverage and it was not used.
We had the leverage, we had the conversions of three or four big forces and it was not used. Andrew Klein, a small businessman from Georgia, 9 laid it out. The whole system of our economy is built on leverage, right. The give and take of commerce is built upon leverage. It's built upon leverage, not financial leverage, the leverage of, hey, I've got this advantage. That's all right now we have. Think about it. I just call it, it's command by negations. One of the simple things in military, strategies was a simple thing when you're doing a defending or doing hostile takeovers, right? You don't need a majority at the beginning, right? You can build to that, but you just need to solid core. That's what happened last week. Last week was a master class taught by brother Gaetz and others a master class and leverage and that's what we need to discuss.
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