Latest / Wayne Allyn Root’s WAR Zone Podcast / Wayne Allyn Root’s WAR Zone 02-19-26 Hour 2
Transcript
- 0:10Speaker 1: Warning!
- 0:11Speaker 2: The Root! The Root! The Root's on fire!
- 0:14Speaker 3: You're about to experience the most high-octane, pedal-to-the-metal controversial show
- 0:18Speaker 3: of your life. Please buckle up and hold on tightly.
- 0:21Speaker 3: This station is not responsible for injuries. This is Wayne
- 0:25Speaker 3: Allen Root, direct from the entertainment capital of the world.
- 0:28Speaker 2: Las Vegas. What time is it? It's time for War!
- 0:34Speaker 3: Here's your host, 100% raw truth, 100% American made, the warrior,
- 0:41Speaker 3: Wayne Allen Root.
- 0:42Speaker 4: All right, Wayne Allen Root, the Root, the Root, the
- 0:57Speaker 4: Root's on fire.
- 0:58Speaker 2: Welcome to the show. Great to be back. Great to
- 1:00Speaker 2: be back with you tonight. This is hour number two.
- 1:04Speaker 2: And I just saw this story and I had to
- 1:07Speaker 2: talk to you about it because it's just amazing to me.
- 1:11Speaker 2: I'm telling you, my gut instincts are rarely, if ever,
- 1:14Speaker 2: wrong about anything. And my gut instinct is the Democrat
- 1:19Speaker 2: Party is owned by China and the Mexican drug cartels.
- 1:23Speaker 2: Or I should say the drug cartels. It doesn't have
- 1:25Speaker 2: to be Mexican. There are Central American, there are South
- 1:28Speaker 2: American drug cartels. There's Venezuelan drug cartels. There's probably Cuban
- 1:32Speaker 2: drug cartels. Ilhan Omar says Democrats don't just want to
- 1:37Speaker 2: abolish ICE. They plan to dismantle the Department of Homeland Security.
- 1:43Speaker 2: Why would anybody want to do this, Batar, unless you're
- 1:46Speaker 2: paid off to do it, unless you're getting filthy rich?
- 1:50Speaker 2: You know, if you're a woman, you're getting filthy rich,
- 1:52Speaker 2: Ilhan Omar says. And if you're a man, you're getting
- 1:55Speaker 2: sent thousands of prostitutes and you're getting filthy rich. I'm
- 1:59Speaker 2: telling you, they know exactly what to offer these people.
- 2:02Speaker 2: You know, as a matter of fact, after I've seen
- 2:03Speaker 2: the Epstein files, they're probably offering all of them little
- 2:06Speaker 2: girls and little boys. Representative Ilhan Omar. I wonder if
- 2:10Speaker 2: she likes little girls or little boys. Which one? Revealed
- 2:13Speaker 2: at a town hall meeting on Wednesday, Democrats don't just
- 2:15Speaker 2: want to abolish U.S. Immigration and Customs Enforcement, ICE, but
- 2:20Speaker 2: they're actually planning how to dismantle DHS entirely. She said,
- 2:25Speaker 2: what I will say is that there is an easier
- 2:28Speaker 2: conversation happening today than six or seven years ago when
- 2:31Speaker 2: I got to Congress about what we need to do
- 2:33Speaker 2: with ICE, which is to abolish it, she told her audience.
- 2:36Speaker 2: I'm sure she got a standing ovation for that. A
- 2:39Speaker 2: room full of insane... Mentally ill, mentally deranged Democrats. The
- 2:44Speaker 2: Democrat congresswoman further revealed there's a lot of conversation about
- 2:48Speaker 2: what the dismantlement of the Department of Homeland Security should
- 2:50Speaker 2: be like. This comment came after she and other Democrat
- 2:54Speaker 2: lawmakers stoked the flames of resistance in relation to routine U.S.
- 2:59Speaker 2: law enforcement operations in recent weeks in Minneapolis. So really,
- 3:05Speaker 2: it's just it shows you again that I'm right. That
- 3:09Speaker 2: these people, there's some agenda. It isn't because they love illegals.
- 3:14Speaker 2: First of all, let me give you an example. Hold
- 3:16Speaker 2: on a second. Let me get my phone here. I
- 3:18Speaker 2: want to read you my tweet from yesterday that's one
- 3:21Speaker 2: of the more popular ones I've ever written. That got
- 3:24Speaker 2: so much response on every social media platform that I've got.
- 3:29Speaker 2: And I want to read it to you. And here
- 3:31Speaker 2: it is. So, I could tell you exactly why Democrats
- 3:37Speaker 2: created open borders. and implemented the great replacement. In the
- 3:41Speaker 2: past week, I've had construction crew, plumbers, electricians, and computer
- 3:46Speaker 2: repair experts at my number one home, number two office,
- 3:49Speaker 2: and number three TV and radio studio. 10 men total.
- 3:53Speaker 2: all of them white, all huge fans of President Trump,
- 3:56Speaker 2: all watch my TV show or listen to my radio show,
- 3:59Speaker 2: all excited to do work for me, honored to work
- 4:02Speaker 2: in my TV radio studio, excited to tell me how
- 4:05Speaker 2: much they love and appreciate President Trump. This represents America.
- 4:10Speaker 2: White people support Trump, and white males overwhelmingly support Trump.
- 4:15Speaker 2: So Democrats could never win again unless they changed the
- 4:19Speaker 2: voter demographics of the United States to black and brown
- 4:23Speaker 2: foreigners from socialist, poverty-stricken, third-world, crap-hole countries who break into
- 4:29Speaker 2: the USA illegally and are eager to vote Democrat for life,
- 4:33Speaker 2: to keep from getting deported, and to keep welfare checks
- 4:36Speaker 2: and food stamps illegal. and free health care and free
- 4:38Speaker 2: school rolling in. Simple strategy. Remember, I am horribly shadow
- 4:44Speaker 2: banned at X. Horribly. I mean, like no one else
- 4:49Speaker 2: in the world. There's never been a person shadow banned
- 4:51Speaker 2: like I am. And I still got hundreds and hundreds
- 4:55Speaker 2: of people who starred this. So 14,000 read it and
- 4:58Speaker 2: 645 starred it. And for me, that's a lot. Because,
- 5:03Speaker 2: I mean, there's just a terrible shadow ban over my account.
- 5:06Speaker 2: Nobody can really see anything I write. But if somebody
- 5:10Speaker 2: sees it and they pass it on from their account
- 5:13Speaker 2: that isn't shadow banned, then it can get some coverage.
- 5:15Speaker 2: And you just got to ask yourself what's going on.
- 5:18Speaker 2: And it's pretty clear what's going on. It's two things.
- 5:21Speaker 2: Number one, they're on the payroll of the drug cartels
- 5:24Speaker 2: and on the payroll of China that makes all the
- 5:26Speaker 2: fentanyl that the drug cartels bring in. And or... Probably both.
- 5:31Speaker 2: They're also, as I said, looking to bring in voters
- 5:36Speaker 2: to change the demographics of the United States so they
- 5:38Speaker 2: can win elections. Because white males are just never going
- 5:41Speaker 2: to vote Democrat ever again. And they know that. Another
- 5:45Speaker 2: story that reminds you of people that are on the
- 5:48Speaker 2: payroll of the drug cartels. Federal judge holds DOJ attorney
- 5:53Speaker 2: in contempt over ICE case, Matthew Isahara. found in civil
- 5:59Speaker 2: contempt after ICE released Rigoberto Soto Jimenez without his ID documents. So,
- 6:08Speaker 2: now we have judges that.
- 6:11Speaker 2: Judges that try to overrule the President of the United States.
- 6:14Speaker 2: Judges that think they can make national immigration law. Judges
- 6:16Speaker 2: that think they are in charge of national security of
- 6:19Speaker 2: the United States. Judges that think it's their job to
- 6:22Speaker 2: leave the border open. Judges that think gangbangers need to
- 6:25Speaker 2: be returned to the United States. And judges that hold
- 6:28Speaker 2: DOJ attorneys in contempt and want to put them in
- 6:30Speaker 2: jail or bankrupt them. A DOJ attorney has been ordered
- 6:34Speaker 2: to pay a $ 500 daily fine after a federal judge
- 6:37Speaker 2: found him in civil contempt of court. Judge Laura... Provenzino,
- 6:41Speaker 2: who was appointed by Joe Biden, found Special Assistant U.S.
- 6:45Speaker 2: Attorney Matthew Isahara in civil contempt, hitting him with a
- 6:48Speaker 2: daily fine. The judge said her goal was to ensure
- 6:51Speaker 2: the government complies with her orders regarding Rigoberto Soto Jimenez,
- 6:57Speaker 2: a detained Mexican immigrant living in Big Lake, Minnesota. Soto
- 7:01Speaker 2: Jimenez is reported to live in the U.S. since 2018,
- 7:04Speaker 2: has no criminal history or final orders of removal. They
- 7:07Speaker 2: noted that his attorney stated he is years into the
- 7:09Speaker 2: process of obtaining lawful immigration status. He was arrested by
- 7:15Speaker 2: ICE on January 14th. And as of February 9th, order
- 7:19Speaker 2: was not given a warrant that justifies his attention detention,
- 7:23Speaker 2: according to the judge's order. And so she's holding the
- 7:27Speaker 2: DOJ lawyer over the case in contempt of court. Truly
- 7:32Speaker 2: an amazing series of things going on in the United
- 7:35Speaker 2: States of America today. judges who are communists, who are deranged,
- 7:40Speaker 2: mentally ill, Trump derangement syndrome. They hate America and they
- 7:46Speaker 2: make any excuse to make us the worst country in
- 7:48Speaker 2: the world instead of celebrating that we're the best country
- 7:51Speaker 2: in the world. And they're on the payroll of the
- 7:53Speaker 2: Mexican drug cartel. And they're on the payroll of the
- 7:55Speaker 2: deep state. and the DC swamp, and they're on the judges.
- 7:59Speaker 2: All the judges are in the government employees union. So
- 8:02Speaker 2: every ruling they do is to screw over people like
- 8:05Speaker 2: me in the private sector and people who support the
- 8:08Speaker 2: private sector called Republicans and Republican politicians. Anybody who believes
- 8:13Speaker 2: in the rule of law, uh, they're just communists on
- 8:16Speaker 2: the payroll of the drug cartels in China. So, um,
- 8:22Speaker 2: As opposed to an NHL star, I mentioned this in
- 8:24Speaker 2: the first hour, NHL star Quinn Hughes scored the deciding
- 8:27Speaker 2: goal in overtime to get us in gold medal contention
- 8:31Speaker 2: and hailed the USA as the greatest country in the
- 8:33Speaker 2: world after scoring the Olympic gold medal. Olympic gold medal.
- 8:37Speaker 2: Good job. Good job. Trump's polls, one of the most
- 8:41Speaker 2: accurate pollsters in America who got everything about 2024 right.
- 8:44Speaker 2: He doesn't do national polls in insider advantage, but what
- 8:48Speaker 2: he does is state polls. And every state poll was
- 8:52Speaker 2: on the money, actually a little bit negative to Trump.
- 8:55Speaker 2: Every one of them was under what Trump got as
- 8:57Speaker 2: his final vote total, but very close, very accurate. And
- 9:01Speaker 2: they say Trump's at 50% approval and 46% disapproval. That's
- 9:06Speaker 2: a good number. That's a better number than the election
- 9:10Speaker 2: that got him elected president of these United States. So
- 9:14Speaker 2: good job. Trump's trade deficit narrows as the Trump tariffs reshape.
- 9:19Speaker 2: Global commerce. People are buying less in the United States
- 9:23Speaker 2: from out of the United States, from foreign countries. They're
- 9:26Speaker 2: buying less from China. And they're buying more from the
- 9:29Speaker 2: United States. And other countries are buying more of United
- 9:33Speaker 2: States goods. And the trade deficit narrows. Great job, President Trump. So,
- 9:39Speaker 2: you know, anybody who opposes Trump, I don't know. I
- 9:43Speaker 2: don't get it. I don't get it. And then the
- 9:46Speaker 2: alternative to Trump. This is the alternative to Trump. Mandami.
- 9:51Speaker 2: First free grocery store opens in Mandami's New York City
- 9:54Speaker 2: to highly predictable results. I assume lines of people screaming
- 9:58Speaker 2: and clamoring for free food The people of New York
- 10:01Speaker 2: City got a good taste of communism this week. A
- 10:04Speaker 2: pop-up shop opened on Sunday for five days in the
- 10:07Speaker 2: West Village to offer free groceries to impoverished New Yorkers
- 10:11Speaker 2: and people simply looking for an easy lunch. Unbelievable. Free food.
- 10:17Speaker 2: That doesn't get more of a definition of communism than
- 10:20Speaker 2: offering free food sponsored by the government. So much like
- 10:25Speaker 2: communist countries like Cuba, lines grew quite long in a hurry.
- 10:28Speaker 2: Residents from across all five New York City boroughs flocked
- 10:32Speaker 2: to get free stuff. What happened next, predictable to anyone
- 10:35Speaker 2: who understands basic economics, the store ran out of food
- 10:40Speaker 2: and several individuals decided to cut in lines. Shoppers characterized
- 10:46Speaker 2: this whole thing as a learning moment for the mayor
- 10:48Speaker 2: as residents cited concerns with security running out of food
- 10:51Speaker 2: and people cutting lines. I literally got here at 9
- 10:54Speaker 2: and basically what they said is that they ran out
- 10:56Speaker 2: of tickets. You know, you get a ticket and you
- 10:59Speaker 2: use it to buy something and they ran out of tickets.
- 11:02Speaker 2: King Charles. His brother, his younger brother, Andrew, former Prince Andrew,
- 11:08Speaker 2: under arrest. Suspicion of misconduct in public office regarding, of course,
- 11:13Speaker 2: raping underage girls. What else do you call it? It's rape.
- 11:16Speaker 2: If you have sex with an underage girl, it is rape.
- 11:19Speaker 2: Here's a guy that was born with, literally, literally with
- 11:22Speaker 2: a silver spoon in his mouth. No one's ever been
- 11:24Speaker 2: born with a silver spoon bigger than this guy in
- 11:26Speaker 2: his mouth. And he managed somehow to screw up the
- 11:29Speaker 2: greatest life anyone could ever be given. And he's going
- 11:31Speaker 2: to live the rest of his life in hell. That's
- 11:33Speaker 2: the end of him. Both on this earth while he's
- 11:35Speaker 2: alive and once he's dead. This guy's going to burn
- 11:37Speaker 2: in hell for the rest of his life, Prince Andrew.
- 11:41Speaker 2: He was given such a gift from God and boy
- 11:43Speaker 2: did he screw it up.
- 11:44Speaker 5: I'm Wayne Allyn Root.
- 11:45Speaker 2: We'll be right back.
- 11:56Speaker 4: All right, please help me read.
- 11:57Speaker 2: I've been telling you for quite a while now about
- 12:00Speaker 2: Zichat Genesis Medicine and their medicines to reverse type 2
- 12:04Speaker 2: diabetes and reverse Parkinson's disease.
- 12:07Speaker 1: Wow.
- 12:08Speaker 2: Today, Dan Montano, the CEO, is here with us to
- 12:11Speaker 2: discuss their treatment for the number one cause of death
- 12:13Speaker 2: in the world. small vessel heart disease. This form of
- 12:17Speaker 2: heart disease is eventually going to kill about one third
- 12:19Speaker 2: of the people watching right now. Now Zitra has a
- 12:22Speaker 2: treatment for it. Let me introduce a video from ABC News.
- 12:26Speaker 1: But since receiving an experimental treatment for his blocked arteries, his.
- 12:30Speaker 2: Pain is gone. I really feel great.
- 12:33Speaker 1: Duke was one of the first heart patients in the
- 12:35Speaker 1: country to be treated with a protein actually capable of
- 12:39Speaker 1: growing brand new arteries. The genetically engineered protein is injected
- 12:43Speaker 1: directly into the heart. Within days, a network of new
- 12:48Speaker 1: vessels begins to grow around the blockage, increasing the blood supply.
- 12:52Speaker 2: Incredible. What you're saying, Dan, is once this is available,
- 12:55Speaker 2: about one third of the world's population could have their
- 12:59Speaker 2: life extended by 10 to 15 years. Am I correct? Correct.
- 13:05Speaker 6: This is the biggest medical need in the world, and
- 13:08Speaker 6: we have the only treatment for it.
- 13:12Speaker 2: How can my fans get involved, Dan?
- 13:15Speaker 6: We've created a special website for your fans because we're
- 13:18Speaker 6: getting such a great response. So if they go to cure-war.com,
- 13:24Speaker 6: they can, one, register for the clinical studies. that we're doing.
- 13:28Speaker 6: Or if they're interested in an investment, they can click
- 13:31Speaker 6: on the investment and get information. We're offering a 10-time
- 13:34Speaker 6: return from the revenues of selling our medicine when it's cleared.
- 13:40Speaker 6: And once again, like the type 2 diabetes, I believe
- 13:43Speaker 6: they'll be very happy. And I would imagine within four
- 13:45Speaker 6: to five years, I'll have that 10 times.
- 13:48Speaker 2: If you or someone you love is suffering from heart disease,
- 13:51Speaker 2: go to cure-war.com for Wayne Allyn Root and register to
- 13:56Speaker 2: be considered for this medical research study to reverse small
- 14:00Speaker 2: vessel heart disease. If you're interested in learning more about
- 14:03Speaker 2: this investment opportunity, also go to cure-war.com. Wouldn't it be
- 14:09Speaker 2: great to make money and do good for the world
- 14:12Speaker 2: and help cure disease. Incredible. The website again, cure-war.com. Thank you,
- 14:20Speaker 2: Dan Montano. God bless you for all the work you're doing.
- 14:23Speaker 6: Thank you, Wayne, for making my life perfect.
- 14:26Speaker 2: All right, that website again, cure-war.com. Cure-war.com landing page just
- 14:36Speaker 2: for my fans. Alright, lead story right now in the
- 15:11Speaker 2: New York Post. Bombshell Jeffrey Epstein files that led to
- 15:15Speaker 2: ex-Prince Andrew's arrest include confidential government briefs. So I guess
- 15:21Speaker 2: it was more than just sex involved or pedophilia, underage sex.
- 15:25Speaker 2: But Andrew was giving secrets of the state of the
- 15:29Speaker 2: United Kingdom to Jeffrey Epstein, the former Prince. Andrew is
- 15:34Speaker 2: accused of betraying the UK by sharing confidential information with
- 15:37Speaker 2: Jeffrey Epstein and his pals. In one of the emails
- 15:41Speaker 2: from October 2010, Andrew Mountbatten-Windsor forwarded official reports to Epstein,
- 15:46Speaker 2: sharing the details of his visits to mainland China, Hong Kong, Singapore,
- 15:51Speaker 2: and Vietnam with the financier. Christmas Eve 2010, he messaged Epstein,
- 15:55Speaker 2: sent him a confidential briefing about investment opportunities in Afghanistan,
- 15:59Speaker 2: where the U.K. government was funding reconstruction in Helmand Province.
- 16:04Speaker 2: So basically, whatever he found out, He gave to Jeffrey Epstein,
- 16:08Speaker 2: and obviously we know what Epstein gave back to him.
- 16:11Speaker 2: Probably lots of money and cash undercover, right? A Swiss
- 16:15Speaker 2: bank account or a Cayman bank account, and lots of
- 16:17Speaker 2: young girls. And that's what this guy is in trouble for.
- 16:22Speaker 2: All right, this guy Andrew is so bad, you'd think
- 16:24Speaker 2: he was a UFO. And there's my segue. Trump has
- 16:27Speaker 2: a speech about UFOs that he's going to deliver this summer,
- 16:30Speaker 2: probably in July. And he says he has the proof.
- 16:35Speaker 2: He's the proof that there are UFOs. There are people
- 16:39Speaker 2: visiting the United States and the world from other planets.
- 16:43Speaker 2: And Trump says he's going to become the first world
- 16:45Speaker 2: leader to confirm the existence of extraterrestrial life publicly. And
- 16:51Speaker 2: as I said in hour number one, if it was
- 16:53Speaker 2: so easy to do it, why did no one else
- 16:56Speaker 2: do it? Just like the Epstein files. You're going to
- 16:58Speaker 2: blame Trump? He's the only one that released it. Biden
- 17:02Speaker 2: had him. Obama had him. Clinton had him. Clinton was
- 17:04Speaker 2: in it. Obama may have been in it. I'm not
- 17:07Speaker 2: sure about Joe Biden. He's probably too old at this point.
- 17:09Speaker 2: But his son was probably in it. Right. Biden's son
- 17:14Speaker 2: was probably in a hunter.
- 17:17Speaker 6: All right.
- 17:17Speaker 2: Well, the United States is trying to support all these illegals.
- 17:21Speaker 2: Canada announces a plan to recruit foreign soldiers for fast
- 17:26Speaker 2: track immigration. So Canada appears to be the latest progressive
- 17:31Speaker 2: regime to introduce the integration of foreign military professionals in
- 17:36Speaker 2: their ranks. The decision is part of the country's new
- 17:39Speaker 2: express entry policy. program for migrants with skills the government
- 17:43Speaker 2: has deemed essential to the economy and Canada's security. So
- 17:47Speaker 2: let me guess, if you're an illegal alien or a
- 17:50Speaker 2: migrant from a foreign country and you want to get
- 17:52Speaker 2: into Canada, you just go in their army and you're in.
- 17:55Speaker 2: Globalist Prime Minister Mark Carney asserts that Canada will tighten
- 17:59Speaker 2: the open immigration policies of the Trudeau administration, but it
- 18:03Speaker 2: will also increase opportunities for foreign professionals to easily obtain
- 18:08Speaker 2: entry and citizenship So basically, they're going to let you
- 18:15Speaker 2: in if you have a certain skill, and that skill
- 18:17Speaker 2: would be going in the army and defending the country.
- 18:19Speaker 2: So they'll let in all these migrants, and their whole
- 18:22Speaker 2: army will be filled with foreigners. That makes a lot
- 18:24Speaker 2: of sense, doesn't it? Would you still not know the
- 18:26Speaker 2: United States is guarded by Guatemalans? I mean, seriously. Guatemalans,
- 18:31Speaker 2: El Salvadorans, Mexicans, Haitians, that's who guard, you know, Zimbabwe
- 18:35Speaker 2: and Uganda are guarding the United States. That's great. Somalia.
- 18:39Speaker 2: We're filled with an army of Ilhan Omar's And Rashida
- 18:42Speaker 2: Tlaib's a Palestinian army guarding the United States. That would
- 18:45Speaker 2: be great, wouldn't it be? Amazing. Here's an article that says,
- 18:49Speaker 2: why exactly did Democrats destroy the border? And I don't
- 18:54Speaker 2: even need to read it. It's like five pages long
- 18:57Speaker 2: and I don't need to read it because I know
- 19:00Speaker 2: why they did it. Because A, they're on the payroll
- 19:02Speaker 2: of the Mexican drug cartel and B, They had to
- 19:05Speaker 2: make America a less white nation because whites tend to
- 19:07Speaker 2: vote Republican. It's just a fact. I wrote the book
- 19:10Speaker 2: Angry White Male. I understand angry white males. We're angry
- 19:14Speaker 2: because it's our country and you're watering it down and
- 19:16Speaker 2: destroying it with a bunch of foreigners because you don't
- 19:18Speaker 2: like that we vote Republican. That's all it comes down to.
- 19:22Speaker 2: And you're also taxing us to death. Florida House votes
- 19:25Speaker 2: to phase out non-school property taxes for homeowners. And the
- 19:30Speaker 2: bill now hits the Senate. And didn't I say that
- 19:32Speaker 2: on one of these shows? I said, I don't know
- 19:34Speaker 2: if you're ever going to be able to get rid
- 19:36Speaker 2: of property taxes. But what you could do is get
- 19:40Speaker 2: rid of non-school property taxes. The school taxes could be
- 19:45Speaker 2: paid as property taxes. Everything else could be eliminated. And
- 19:48Speaker 2: you could find other ways to... fund it. It's just
- 19:51Speaker 2: not fair to hit homeowners, especially 65 and over. People
- 19:56Speaker 2: who are 65 and over should pay no property taxes,
- 19:59Speaker 2: in my opinion. That should be phased out completely. They
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- 21:35Speaker 2: Call 888-444-8895, energizedhealth.com. Alright, Wayne on the Roots, welcome to
- 22:03Speaker 2: Warzone Live, official podcast, The Gateway Pundit. You can also
- 22:07Speaker 2: find us at Rumble and RedTalk.com. You can also find
- 22:11Speaker 2: all the places to watch and listen to my TV
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- 24:29Speaker 2: my guest is Todd Sheets, author of 2008, What Really Happened,
- 24:33Speaker 2: author of the newsletter on wealth and progress on Substack.
- 24:36Speaker 2: Todd Sheets, welcome to the Wayne Allyn Root Show.
- 24:39Speaker 7: Wayne, it's great to be with you.
- 24:41Speaker 2: How are you?
- 24:42Speaker 7: I'm doing fantastic. How are you?
- 24:44Speaker 2: Good. When you talk about 2008, what really happened, give
- 24:47Speaker 2: me a quick synopsis. What did really happen?
- 24:50Speaker 5: Yeah, well, the short synopsis is that beginning in the
- 24:54Speaker 5: late 1990s, the large government-sponsored housing enterprises, Fannie Mae and
- 24:59Speaker 5: Freddie Mac, undertook a massive expansion of their mission to
- 25:03Speaker 5: try and bring more people into housing, which basically means
- 25:06Speaker 5: they started growing at about twice the rate they had
- 25:09Speaker 5: been growing before that. And because they had become such
- 25:13Speaker 5: a dominating share of the market by that time, that's
- 25:16Speaker 5: what triggered.
- 25:17Speaker 7: The beginning of the housing bubble, which began in 1998.
- 25:20Speaker 5: And then we move ahead to the early 2000s. And
- 25:25Speaker 5: after the tech stock bubble collapsed, the Federal Reserve pushed
- 25:29Speaker 5: interest rates.
- 25:30Speaker 7: Down to historic lows.
- 25:32Speaker 5: Which to try and keep the impact of the tech
- 25:35Speaker 5: stock collapse from falling into.
- 25:37Speaker 7: The rest of the economy.
- 25:39Speaker 5: Well, what they didn't realize that they were doing was
- 25:41Speaker 5: like pouring fuel on top of the fire that the
- 25:44Speaker 5: housing agencies had already started. And that drove what I've
- 25:48Speaker 5: called in the book the acceleration phase of the housing bubble.
- 25:51Speaker 7: So these were the two things.
- 25:53Speaker 5: That caused housing, which had been, as you well know,
- 25:57Speaker 5: a foundational investment, you know, like the beginning investment for
- 26:01Speaker 5: almost all Americans in trying to build wealth and provide
- 26:04Speaker 5: a nice place for their families to live.
- 26:06Speaker 7: For like 100 years, it had worked out beautifully.
- 26:09Speaker 5: And then all of a sudden, these interventions, you know,
- 26:12Speaker 5: which were well-intended, but nevertheless, you know, misguided, pushed us
- 26:18Speaker 5: into the greatest housing, national housing boom, and then collapse
- 26:22Speaker 5: in the history of the country, which unwound later in
- 26:25Speaker 5: the decade.
- 26:25Speaker 7: So yeah, I mean, Yeah, Todd, I lived it, man.
- 26:29Speaker 2: I lived it. I had a beautiful mansion in Las Vegas, Nevada,
- 26:32Speaker 2: actually technically in Henderson, Nevada, on one of the finest
- 26:36Speaker 2: golf courses in America on the signature fifth hole overlooking.
- 26:41Speaker 2: Was it five lakes, seven waterfalls in the entire Vegas
- 26:44Speaker 2: Strip and the mountains around Vegas? It was so spectacular.
- 26:47Speaker 2: It was worth four million dollars. And in 2008, it
- 26:51Speaker 2: went down to $ 1. 2 million. I never heard of anything
- 26:54Speaker 2: like that in my entire life. But Las Vegas got hit,
- 26:56Speaker 2: if you remember, far worse than any other city in America,
- 27:00Speaker 2: all because there were all these irresponsible people. I wasn't irresponsible.
- 27:03Speaker 2: I put a big down payment on the house. But
- 27:05Speaker 2: it went from $ 4 million to just over $ 1 million
- 27:08Speaker 2: because the entire Vegas market just collapsed. And man, were
- 27:13Speaker 2: those some rough years. I can't even believe I got
- 27:14Speaker 2: through them, but we survived. President Trump has made amazing
- 27:18Speaker 2: progress on the economy. We heard more good news today
- 27:21Speaker 2: about the trade deficit. And of course, we got high
- 27:23Speaker 2: GDP numbers that perhaps if it stays around 5%, we
- 27:27Speaker 2: haven't seen since the Reagan days. The job numbers look
- 27:30Speaker 2: to be up, and it's not only up, but it's
- 27:32Speaker 2: private sector jobs up, government jobs down, which I think
- 27:35Speaker 2: is great, and lower inflation. So everything, it's like the
- 27:39Speaker 2: Goldilocks economy, right? Everything's perfect right now, or at least
- 27:43Speaker 2: headed in that direction. Inflation isn't perfect. It's just the
- 27:47Speaker 2: rate of inflation is much lower. Trump did a good job,
- 27:50Speaker 2: but he can't lower the base prices that are too
- 27:52Speaker 2: high for a lot of middle-class people. So I still
- 27:55Speaker 2: understand the pain, but we're headed in the right direction.
- 28:00Speaker 7: Yeah, absolutely.
- 28:01Speaker 5: And I mean, a number of things that you said,
- 28:04Speaker 5: you know, you hit the nail on the head on.
- 28:06Speaker 7: The big GDP growth numbers are critical.
- 28:10Speaker 5: Now, real Americans can't relate to that until it translates
- 28:14Speaker 5: into job growth and rising wages.
- 28:17Speaker 7: For them, which hopefully we're starting to see the beginning of.
- 28:20Speaker 5: But as you'll remember, or many of your listeners may remember,
- 28:24Speaker 5: last summer is when we started to see these job
- 28:26Speaker 5: numbers come down. And for a period of time, you know,
- 28:29Speaker 5: there was very real concern we might be headed into
- 28:32Speaker 5: a recession. But these powerful GDP growth numbers we saw
- 28:36Speaker 5: in the third and the fourth quarter. You know, we're
- 28:39Speaker 5: a very clear indication that we were not or not
- 28:43Speaker 5: likely to be headed into a recession.
- 28:45Speaker 7: The jobs hadn't come yet.
- 28:47Speaker 5: But now with this most recent report, it looks like
- 28:50Speaker 5: those are starting to turn the corner also. And the
- 28:53Speaker 5: bottom line is, if GDP growth stays at these levels,
- 28:59Speaker 5: it will inevitably translate into huge job growth. And we
- 29:03Speaker 5: just have to wait.
- 29:05Speaker 7: I've said before.
- 29:06Speaker 5: Trump, you know, took the reins of an ocean liner
- 29:11Speaker 5: that had been steered into troubled.
- 29:13Speaker 7: Waters for decades. Heady for an iceberg.
- 29:16Speaker 5: He's got the biggest ocean liner in the world in
- 29:19Speaker 5: that deep into troubled waters. It doesn't turn in a
- 29:22Speaker 5: matter of months. It takes a while to get that
- 29:24Speaker 5: thing turning, going the right way. And all indicators look
- 29:27Speaker 5: like that's happening now.
- 29:28Speaker 2: Yeah, Muhammad Ali said it ain't bragging if you can
- 29:30Speaker 2: back it up. So I'm never shy about bragging. I've
- 29:32Speaker 2: written so many articles. I'm talking going back to the
- 29:35Speaker 2: day Trump won the election. So we're going back to
- 29:39Speaker 2: November of 2024 and December of 2024 and then January
- 29:41Speaker 2: of 2025. And every article Todd said that My hero,
- 29:47Speaker 2: Ronald Reagan, people forget he created the greatest economy in history,
- 29:50Speaker 2: but for the first two years was miserable. It took
- 29:53Speaker 2: two years to beat the Carter numbers into submission and
- 29:57Speaker 2: finally create a good economy. And it was a disaster
- 30:00Speaker 2: for two years. People thought Reagan would lose for reelection
- 30:03Speaker 2: because the numbers were so bad for two years. So
- 30:05Speaker 2: I kept saying that Trump is going to need 12
- 30:08Speaker 2: to 18 months. I don't think he'll need as long
- 30:10Speaker 2: as Reagan because Reagan was a wonderful guy and a
- 30:13Speaker 2: brilliant politician, but he was never in business in his
- 30:15Speaker 2: whole life. Trump's a brilliant businessman, a billionaire mogul. So
- 30:19Speaker 2: I thought he could beat Reagan. I thought, you know,
- 30:21Speaker 2: even my hero Reagan could not match Trump. I figured
- 30:24Speaker 2: a year to 18 months and he'd have great numbers
- 30:27Speaker 2: heading into the midterms. And it looks like that's exactly
- 30:30Speaker 2: what's going to happen. If the numbers are good, In August, September, October,
- 30:35Speaker 2: for the economy, we're going to beat the historical hicks,
- 30:39Speaker 2: I think, and we might actually retain Congress. What do
- 30:41Speaker 2: you think?
- 30:43Speaker 5: Look, I completely agree with everything that you just said.
- 30:46Speaker 5: I mean, everybody is talking like the Republicans have had
- 30:50Speaker 5: a tough time in some of these recent interim elections
- 30:53Speaker 5: and that type of thing. Many people are out there
- 30:56Speaker 5: trying to turn that into the idea that the midterms
- 30:58Speaker 5: are going to be a disaster. But if the GDP
- 31:02Speaker 5: numbers stay anywhere near where they have been, lately.
- 31:05Speaker 7: And it appears that they will.
- 31:07Speaker 5: And then the jobs start turning the corner, which looks
- 31:10Speaker 5: like that's happening.
- 31:11Speaker 7: And inflation keeps coming down.
- 31:13Speaker 5: This is going to completely reset the tables. And you're
- 31:18Speaker 5: going to start seeing people buying into what's happening in
- 31:22Speaker 5: a way that I think your reference is exactly right,
- 31:26Speaker 5: that they haven't since the early Reagan years.
- 31:29Speaker 7: And as you obviously remember, and I well remember, You know.
- 31:33Speaker 5: The sense of malaise and the idea that the best
- 31:37Speaker 5: years were behind America.
- 31:39Speaker 2: Right.
- 31:39Speaker 5: Carter would never see these kinds of growth again. That
- 31:44Speaker 5: was so deeply embedded before Reagan came in.
- 31:47Speaker 2: Gas lines.
- 31:49Speaker 4: Gas lines, Todd.
- 31:50Speaker 2: Remember that? I used to wait on line for gas.
- 31:52Speaker 2: It was really tough times. And people thought we'd never,
- 31:55Speaker 2: ever get out of it. And Reagan made us believe
- 31:58Speaker 2: we could. And I think Trump's going to do the
- 32:00Speaker 2: same thing. And add one more, Todd. It's got to
- 32:03Speaker 2: be a combination of the good economy getting even better
- 32:06Speaker 2: and roaring into fall and pass the damn SAVE Act.
- 32:13Speaker 2: We got to stop voter fraud. They could steal any
- 32:16Speaker 2: election they want if they stuff the ballot box with
- 32:20Speaker 2: mail-in ballots of dead people and people that don't exist
- 32:23Speaker 2: and illegal aliens. So if we could pass the damn
- 32:26Speaker 2: SAVE Act and combine that with a good economy, then
- 32:30Speaker 2: it's far from a foregone conclusion we're going to lose
- 32:32Speaker 2: the midterms. I think it might be a foregone conclusion
- 32:34Speaker 2: we'll win the midterms if you can do both of those.
- 32:37Speaker 2: But you've got the Senate's got to pass the SAVE Act.
- 32:41Speaker 7: Yeah, look, I agree.
- 32:42Speaker 5: And no serious person can disagree with the idea that
- 32:45Speaker 5: somebody voting ought to have to show some proof of ideas.
- 32:49Speaker 5: You know, you go into a bar, you can't get
- 32:51Speaker 5: a drink without showing an I.D.
- 32:54Speaker 2: You can't get a welfare check with an I.D. You
- 32:57Speaker 2: can't get food stamps.
- 32:58Speaker 7: You go to an R-rated movie and you can't see
- 33:00Speaker 7: it unless you've got an ID.
- 33:02Speaker 2: At the airport, if I buy a bottle of water
- 33:04Speaker 2: for $ 6, Todd, they want ID at the airport. It's crazy. Todd,
- 33:09Speaker 2: don't go anywhere. I want to grab you for another segment.
- 33:11Speaker 2: You're a fun guest. You're a good guest. And I
- 33:13Speaker 2: want to grab you for another segment. Stay right there.
- 33:15Speaker 2: Todd Sheets. author of 2008 What Really Happened, author of
- 33:19Speaker 2: a Substack newsletter on wealth and progress. We'll be right back.
- 33:23Speaker 2: Wayne Allyn Rootmore with Todd Sheets when we get back
- 33:26Speaker 2: on War Zone Live. All right, one of my favorite
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- 36:07Speaker 2: Fill out the form. One of their conservative team members
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- 36:16Speaker 7: Thank you, Wayne.
- 36:16Speaker 2: God bless. All right, way down the route, we'll be
- 36:49Speaker 2: back with Todd Sheets in just a second. I want
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- 38:12Speaker 2: with Todd Sheets. Hey, Todd, here's something I didn't realize
- 38:15Speaker 2: about you. You and I share in common the fact
- 38:17Speaker 2: that you supported Trump's tariffs from the beginning. So did I.
- 38:21Speaker 2: And I bet you took a lot of flack just
- 38:22Speaker 2: like I did. A lot of my friends own manufacturing
- 38:26Speaker 2: or distribution from outside the United States. And they said
- 38:30Speaker 2: this is killing us. And I said, you don't get it, man.
- 38:32Speaker 2: It probably is killing you. I don't think you're lying.
- 38:35Speaker 2: It's not good for you, the individual, to But it's
- 38:38Speaker 2: something that had to get done for the nation because
- 38:42Speaker 2: our economy won't exist anymore in 20 years. And our
- 38:46Speaker 2: country's economy will be destroyed and dominated by China if
- 38:50Speaker 2: we let this keep going like this. We've got to
- 38:52Speaker 2: have a great reset. This is the great reset. That's
- 38:55Speaker 2: what I said. And I think you and I are
- 38:57Speaker 2: looking pretty smart right now. I think.
- 39:00Speaker 7: Yeah, I agree.
- 39:00Speaker 5: I mean, look, almost all the conservative economists, the Wall
- 39:04Speaker 5: Street Journal, everybody was against it.
- 39:06Speaker 7: But I agree with you.
- 39:07Speaker 5: I mean, for two reasons. One was, and you've mentioned
- 39:11Speaker 5: both of them. One was we have to isolate China's economy.
- 39:16Speaker 5: This is how Reagan won the Cold War with the
- 39:20Speaker 5: Soviet Union. Their economy was isolated throughout that period of time.
- 39:24Speaker 7: He recognized it.
- 39:25Speaker 5: And when he ramped up growth in the United States
- 39:29Speaker 5: and then ramped up defense spending as a percentage of
- 39:33Speaker 5: the size of the economy, he knew that was something
- 39:36Speaker 5: the inefficient Soviet economy could not match or keep up with.
- 39:41Speaker 5: And it ultimately brought them to their knees. And I
- 39:43Speaker 5: think that's the model we've got to follow with China.
- 39:46Speaker 5: Tariffs are the way to do it. And as you
- 39:48Speaker 5: just suggested, we also needed to reset the playing field
- 39:53Speaker 5: with the rest of the free world. where we had
- 39:56Speaker 5: had this dynamic where it was stacked in their favor
- 40:00Speaker 5: since the end of World War II to try and
- 40:02Speaker 5: help them rebuild. And even though all those economies in
- 40:06Speaker 5: Europe and Japan had pretty much fully recovered and become
- 40:10Speaker 5: competitive again by the early 1960s, here we are 60
- 40:14Speaker 5: years later, and we've still got an unbalanced playing field.
- 40:18Speaker 7: And it was just time we had to make.
- 40:20Speaker 5: Things fair for American workers again.
- 40:22Speaker 7: So, yeah, I've been a big fan from the beginning.
- 40:24Speaker 2: You know, I'm a huge supporter of President Trump, and
- 40:27Speaker 2: I've had my Oval Office visit, and I was there
- 40:28Speaker 2: for the White House Christmas party, and he announced me
- 40:31Speaker 2: to the crowd at the Christmas party. He's very nice
- 40:32Speaker 2: to me. He's always been really, really cool to me,
- 40:35Speaker 2: and I really like him, and I appreciate him. He
- 40:36Speaker 2: invited me to the Abraham Accords. I was sitting right
- 40:39Speaker 2: in the front row of the Abraham Accords. But there's
- 40:41Speaker 2: one criticism I have. of President Trump, and that is
- 40:45Speaker 2: that I wish he'd explain inflation better. I thought from
- 40:48Speaker 2: the very beginning, Todd, he should have said, listen, I'm
- 40:51Speaker 2: gonna lower the rate of increase, but I can't lower
- 40:55Speaker 2: the prices. You know, energy prices, yes, drill, baby, drill,
- 41:00Speaker 2: but like prices in the grocery store are not gonna
- 41:02Speaker 2: really dramatically come down. If everything was $ 2 under Biden
- 41:07Speaker 2: and now it's $ 5, we're gonna make sure it doesn't
- 41:09Speaker 2: go to six, seven, and eight, But it's still going
- 41:12Speaker 2: to be five. And if that's too much for you,
- 41:14Speaker 2: it's a problem. And I'm sorry, but I can't change
- 41:16Speaker 2: that unless we have a Great Depression. And you don't
- 41:19Speaker 2: want that. You won't have a job. I wish he
- 41:21Speaker 2: would have explained he can't do much about the base.
- 41:24Speaker 2: He can only do it won't go any higher, the
- 41:26Speaker 2: rate of increase. Am I on the right track? That's
- 41:29Speaker 2: the issue right now, right?
- 41:31Speaker 5: You're absolutely on the right track. And I think I agree.
- 41:36Speaker 5: Every administration, every president makes some mistakes. This one has
- 41:39Speaker 5: made a few. And that's one of the bigger ones.
- 41:43Speaker 5: And the reality is once prices escalate. and they become
- 41:48Speaker 5: too high relative to incomes. That's the definition of an
- 41:51Speaker 5: affordability problem, when prices grow faster than incomes grow.
- 41:55Speaker 7: And that's what happened under Biden.
- 41:58Speaker 5: So everybody, Trump is right in saying Biden created this.
- 42:02Speaker 5: The reality then though, is that those price levels are
- 42:06Speaker 5: not gonna drop back down. They're gonna keep going up.
- 42:10Speaker 5: And what you want is for them to go up
- 42:12Speaker 5: at slower rates than they did when they created the problem.
- 42:16Speaker 2: And slower than wages. If wages go faster than inflation,
- 42:19Speaker 2: then you're okay. And he needs to explain that. I
- 42:22Speaker 2: wish he had explained it, but he can still do it.
- 42:24Speaker 2: He needs some fireside chats to explain this to the
- 42:27Speaker 2: American people. He hasn't done anything wrong. As a matter
- 42:30Speaker 2: of fact, what inflation? There's no new inflation, no new
- 42:33Speaker 2: inflation from tariffs. So all those experts were wrong. You
- 42:37Speaker 2: and I were right, Todd. Trump was right.
- 42:39Speaker 7: All the experts were wrong.
- 42:40Speaker 2: Where's the new inflation? Because the tariffs doesn't exist.
- 42:46Speaker 1: You're right.
- 42:46Speaker 5: And the key to solving this, the best way to
- 42:48Speaker 5: solve it is grow your way out.
- 42:50Speaker 7: Of the problem. And he's doing it. The prices are
- 42:54Speaker 7: too high relative to the incomes. So you've got to
- 42:57Speaker 7: get the incomes going back up so they catch up.
- 42:59Speaker 2: And he's doing it.
- 42:59Speaker 7: And then surpass what happened. And I think that's what
- 43:02Speaker 7: we're about to see here.
- 43:03Speaker 4: All right.
- 43:03Speaker 2: They've given me a five count. We're done for the day.
- 43:06Speaker 2: It's a quick out. We've got to run. Todd Sheets
- 43:08Speaker 2: and Todd on Wealth in Progress and Substack. See you
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