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April 1, 2023 - Bannon's War Room
48:53
Episode 2630: The Coverups Of The FBI; Devaluing Your Dollar
Participants
Main voices
j
jack posobiec
06:49
p
peter navarro
08:39
s
steve bannon
17:46
t
terry schilling
05:56
Appearances
a
ali velshi
01:53
Clips
j
jake tapper
00:10
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies, because we're going medieval on these people.
I got a free shot at all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you've tried to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper
And where do people like that go to share the big lie?
MAGA Media. I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved.
unidentified
War Room, here's your host, Stephen K. Bamm.
steve bannon
It's Saturday, 1 April in the year of our Lord 2020.
It's the first day of the second quarter of a very historic year.
We've got a lot to get to today, so strap in.
It's going to be packed for the next two hours, at least.
I want to start with, I've got Jack Posobiec who's joined us for the first two blocks.
I've got to get his observations and analysis, a lot of stuff going on.
But I want to start with a very disturbing story.
Greg Price, as you know, been on the show a lot.
Greg, you had a Twitter thread last night that was very disturbing about the weaponization of government, the FBI... I'm trying to get to the bottom of all this.
And part of the thing we're doing in the show today is to deconstruct not just what's happening to President Trump in New York City, but the entire apparatus of the far left backed by people like George Soros.
Yes, I said it, George Soros, who did back – who's one of the biggest donors in back of – Alvin Bragg, as much as they're trying to run away from that, and George Soros is trying to run away from that.
Greg Price, walk me through this thread, and if Denver, if we could get it up and split-screen it as Greg explains it.
unidentified
Tell me what's going on here. So, Timothy Tebow, not to be confused with the former Heisman Trophy winner, but Timothy Tebow was an FBI agent, and he was one of the agents assigned to the Hunter Biden investigation.
And as people in the audience may recall, back over the summer, whistleblowers came forward to Senator Chuck Grassley's office, as well as Representative Jim Jordan's office, alleging that Timothy Tebow had deliberately suppressed the Hunter Biden laptop before the 2020 election.
These whistleblowers were alleging there was an active campaign at the bureau to silence the laptop investigation and prevent it from getting to the public, which is also known as rigging and stealing an election.
When you go out of your way to make sure that the American people don't have important information about one of the candidates, that is rigging and stealing an election.
Well, I found his girlfriend's Twitter account.
In many of her tweets, it was just general conservative commentary.
But a lot of her tweets, she was saying things that somebody who is not an FBI employee wouldn't be privy to.
She was suggesting in a couple of tweets that all of these whistleblowers are going to be proven wrong and that we have to, quote, stay tuned.
Well, what exactly do we have to stay tuned for?
Well, in several other tweets, she was saying that these whistleblowers are not as anonymous as they think they are, quote, unquote.
And she also had a couple other tweets that were kind of suspicious that made it seem like maybe Timothy Tebow is tweeting them from her account.
But this is a girlfriend of this FBI agent basically saying that the FBI is about to retaliate against these whistleblowers who came to Congress about this guy, that they're going to maybe expose their identities and retaliate against them.
And that raises some serious questions.
I reached out to her, Tebow, and the FBI for comment, and obviously I didn't hear back from any of them.
But after I reached out to her, she deleted her account naturally.
steve bannon
So after you reached out to her, this is news.
After you reached out to her, she took her account down?
unidentified
She took her Twitter account down and she locked her Instagram and Facebook accounts.
Exactly. It's called a tell in the business.
Yep. And again, people need to understand, this is the dirtbag agent at the center of censoring the Hunter Biden laptop.
And one thing I forgot to mention is these whistleblowers also alleged to Jim Jordan that he was using January 6 cases to quote, overstate the threat of domestic extremism in this country.
And another thing was that when Tony Bobulinski told, gave his interview with Tucker Carlson, Timothy Tebow was the point man in dealing with Tony Bobulinski, and he told them that he presented all of this evidence to the FBI about how the Biden family had committed multiple felonies.
But Tony Bobulinski said Timothy Tebow never followed up with him or his lawyers.
And if people want to read, you know, I have the full story going out through all of it on the Substack post that I wrote.
steve bannon
Okay, I want to make sure that we can link to the substack.
Let me get up a soap again here for a second.
Jack, and to get into the weaponization of government, we've got to get the foot soldiers and we've got to get the higher up.
Clearly, decisions were made on Hunter Biden's laptop.
Remember, we're the first guys to really put the laptop out, which we're very proud of, because I could tell when I was brought in to look at it, as you know, Jack, because we talked about it.
In five minutes, you could tell the financial compromise by senior level officials in the Chinese Communist Party of the Biden crime family, including up to Joe Biden.
This was suppressed by guys like this FBI agent who was the agent in charge of this.
How big a deal is this?
And do you think Jordan's committee is being tough enough and on point enough to really get to the bottom of all this, sir?
jack posobiec
Well, Steve, I'll say this and I'll start here, that there are decades where nothing happens and there are weeks where decades happen.
And this has been one of those weeks.
Look, you take one look at this laptop and there's nothing left to investigate because it's all there for you.
Typically in an investigative situation, you get a lead, you get a source who walks in, you get a report from some You don't have the entire roadmap handed to you, but that's what you had in terms of this laptop.
So when we've got the Hunter Biden laptop, you've got the entire Biden family and their ties to the Chinese Communist Party handed to you, gift-wrapped.
The fact of the matter is, the FBI didn't investigate that.
What were they doing? They were going after people that were trying to spread this information prior to an election, by the way, the same way they're going after who this guy, Douglas Mackey, because what was he doing?
He was getting involved in an election.
It's very obvious what's going on here.
The FBI has decided, along with the DOJ and the rest of these federal government national security agencies, that they are going to put the finger on the scales for every single American election going forward.
The committee has a huge job ahead of them, and I would like to see a lot more aggression.
I want to see lawyers in there.
I want to see investigators in there.
I want them hiring people.
You need bring Kash Patel back in because he's got a ton of this.
Talk to the Nunez guys.
Talk to Derek Harvey. All of this.
This is where we need to go to be able to bring these people to heal.
Or else, Steve, the goal is not just in the past for 16 and 20.
They're doing this to send a message to 2024.
steve bannon
Jack, hang on for one second.
So, Greg, where does your reporting on this go from here?
You've got the girlfriend to take down her Twitter account.
You've clearly put this on a spotlight on this scumbag FBI agent.
Where do you go from here on this?
unidentified
Well, I think the Weaponization Committee, led by Congressman Jordan, needs to start investigating whether or not the FBI is going to start cracking down on whistleblowers that have come forward about this anti-Trump bias that occurred at the FBI. I think that's insanely important.
I think the whistleblowers who have come forward apparently are in danger of being retaliated against.
Maybe their jobs and futures are on the line by coming out against this.
I think Congress needs to do its job.
It needs to do its job of oversight.
And protect these whistleblowers and bring Timothy Thiebaud before Congress and have him answer some questions about this.
That is what needs to go from here.
Congress needs to find the information out there.
steve bannon
Has the committee staff reached out to you yet, given the explosive nature of the story up on last night?
unidentified
Have they reached out to you? I sent them all the information.
I haven't heard back yet, but it broke on a weekend.
Who knows? Congressman Jordan knows what he's doing and he'll definitely be on it.
steve bannon
That's why we work here at the War Room 24-7.
Talk to me about McKay before I go back to Posobiec.
A guy that does memes against Hillary Clinton is now found guilty of a major felony up in the Brooklyn District of U.S. Attorneys.
What are your thoughts on that, Greg?
unidentified
I mean, this is one of the most, you know, this is one of the worst, like the First Amendment as we know it, I think, died yesterday with Douglas Mackey being found guilty of posting a meme during the 2016 election.
Memes are now getting people in jail.
You know, for people who don't know, he tweeted basically this joke meme making fun of Hillary Clinton voters, telling them that they could vote by text and apparently, like, 3,000 or 4,000 people texted this number.
They didn't actually cast votes at all.
But because of this, this guy now faces 10 years in jail.
This happened in 2016.
This didn't even get prosecuted until the Biden administration came into power.
He got charged with this literally one week after Joe Biden's inauguration for this meme that he posted in 2016.
It's fully crazy.
The fact that This joke meme making fun of Hillary Clinton voters is now getting people in jail.
This is not America.
This is not what the First Amendment is supposed to be, but this is the reality of our country now.
steve bannon
It's not America.
They've weaponized this thing all around.
This is what we're trying to get to today.
Don't take the bait on just looking at the details of the Trump case.
We're going to have Dershowitz on with Get Trump here in the second hour.
But you've got to look at what's happening overall.
Jack Posobiec, correct me if I'm wrong, brother.
Of the 4,000 people that McKay had go to this text, they can't find one person that voted.
There's not one victim of this.
Not one. Not one victim.
They got him on a conspiracy charge, which is when you don't have a crime, go after a conspiracy.
unidentified
Jack Posobiec. Steve, that's exactly right.
jack posobiec
So they found that thousands of people had texted this number.
However, if you actually look at the timeline, the text did not come from the tweets.
The text came from the fact that the media, and particularly the news media, It's putting these memes up everywhere, tweeting about them, talking about them, telling everyone about them.
Then they texted the number.
They interviewed some people. They said, oh, we just wanted to see what would happen.
We thought it was like a giveaway or something.
Nobody actually thought that they were voting by text because nobody's ever done that.
They understand how this works.
They were not able to produce one victim at trial.
It took them an entire week of deliberations for them to be able to get this down, this will go up to appeal.
So if you go to memedefensefund.com if you're interested in supporting this fight, which isn't about one guy, it's about the ability of every single American to use the internet and social media and just live your life, wear t-shirts, wear flags on your house, right?
This is the First Amendment.
And if we're going to be different from the Chinese Communist Party, if we're going to be different from Russia, from Iran, whatever country, take your pick, then it's the fact that we have the First Amendment, that we can say whatever we want about our leaders and not face criminal prosecution for it, because if they can do it to him in New York, then they will take this around to every single district in the United States.
That's what this is about. So go to memedefensefund.com, take that stand for freedom of speech, because every single person that's ever posted a meme, what are they going to do next?
They're going to go into the group chats.
They're going to go into signal chats.
They're going to go to every place where they can find information.
If they've caught you looking at a t-shirt on the Atlantic City boardwalk, they're going to arrest you for that next if it's disparaging Hillary Clinton and her supporters.
That's the standard that they're trying to set here.
So this will go to the Second Circuit, and if it is not successful there, then it's going to go all the way to the Supreme Court.
They are prepared to do this.
steve bannon
Jack, hang on one second.
Greg, can you give your social media coordinates?
Because we want to make sure that everybody gets this substack, reads this about the FBI. And the committee, you know, Jordan, we realize these things are tough.
I think it's now time for Jim Jordan to think, hey, maybe I got too full of plate with judiciary in this, particularly everything that's going on.
We need a sense of urgency.
These investigations are just not getting the traction they need to get.
They're just not. And one of the reasons is, no offense, as soon as that came up last night, the staff should have been all over you.
If the staff of the war room, as thinly populated as we are, are all over it, they should be with the staff they have.
And quite frankly, he doesn't have a big enough staff.
It's not enough money in the weaponization of government.
This is more important than the Church Commission.
And quite frankly, it's not being treated like that.
Greg, where do people get to you?
unidentified
What are your coordinates? My Twitter handle is greg__price11.
I started a new substack just to write that story.
Maybe I'll do some more in the future, but I started it to write that story, so that's the first one now.
If you want to subscribe, go right ahead and definitely check out the State Freedom Caucus Network, which is my actual day job where we're building the Freedom Caucus and state legislatures.
That's a really exciting project that we're doing, too.
steve bannon
We're going to have you guys back on next week.
You're already doing fantastic work in some of these states.
Short break. Posobiec is going to stick with us.
Terry Schilling, it's the Transgender Day of Visibility, right?
ali velshi
There's not a riot here in Washington, D.C., but we'll get to all that in a moment.
If you've been following the Republican outrage machine, including many elected Republicans, you've probably already heard about the conspiracy theory that Bragg was handpicked and funded by the Jewish billionaire George Soros.
In fact, Bragg was elected by voters in New York County in 2021, and it's well documented that Soros never gave any money directly to Bragg.
He donated to a political action committee that supported progressive candidates who were seeking to be prosecutors, and that group included Bragg.
But that is too nuanced for the folks who are trying to stoke fear and doubt in our judicial system.
It's not an accident that the right wing is trying to tie Alvin Bragg to George Soros specifically.
The conservatives' use of George Soros as a boogeyman is steeped in racist conspiracy tropes made to stoke fear among white conservatives that rich Jewish overlords secretly control things behind the scenes.
The banks, the media, Hollywood, and now, in fact, the courts.
These racist, deplorable conspiracy theories have a long history in this country and around the world, but it's been remarkable to watch how quickly this latest racist conspiracy theory, attempting to tie George Soros to Alvin Bragg in Trump's prosecution, has taken over the narrative on the right.
It's being spread in conservative media, and even, as I mentioned, by prominent members of the GOP, like Congressman Paul Gosar, Ronnie Jackson, Senators Marsha Blackburn, Ron Johnson, Rick Scott, the Florida governor, Ron DeSantis.
These are conspiracies which were once fringe, and unfortunately now they're very mainstream.
Okay. Joining me now is Brandy Zabras.
steve bannon
By the way, Jack Posovic, the guy gave, I think it's Color of Change.
I think he's the biggest donor of that.
Didn't they give a million dollars to Bragg's campaign, sir?
unidentified
Jack Posovic? Look, Steve, this is...
jack posobiec
Incredible to me the amount of pushback that you're seeing now from the entire media circling the wagons.
George Soros or someone up there controlling his Twitter account is out tweeting about this.
And there's two angles to it, actually.
One angle is that people are saying, well, okay, so he may have donated to a group that then donated money to Alvin Bragg, but that's entirely different.
No, cut the crap.
We can see what's going on here.
And even Dave Weigel, who's no fan of mine over at Semaphore, pointed out, he said, but he's a political reporter, and he said, look, what's the standard now?
They have to go whitewater rafting to be able to be considered connected.
It's ridiculous. But my question, and this is something that I've actually been thinking about for a while now, is George Soros trying to distance himself from Alvin Bragg?
steve bannon
Well, listen, the pushback yesterday, he said he's up on Daily Mail.
I think Crilly, Rob Crilly, the great editor of this, got an exclusive interview.
What shocked me about this story is that Soros...
Comes out yesterday and says, hey, I don't know the guy.
I don't know we gave money.
I don't know what's going on here.
Don't blame me. So you tell me, Jack Posovic.
That's a pretty big walk away from a guy like Soros who gave him, I think, $500,000 to a million bucks.
And when you give to one of these things, you're supporting the guy.
Don't give me. They run the whole cannon slate by you.
It's a total lie to say he didn't.
We know we got him here because they're so worried he's spending all morning going over this thing.
George Soros, this is a George Soros-backed and handpicked guy, and he was handpicked because his campaign was he going to go after Trump, just like the Letitia James.
There's no question about that, Jack Posobiec.
jack posobiec
That's 100 % right.
But remember, Steve, the other point is when he gave him that million dollars, He also said that was when Alvin Bragg said that he wouldn't be bringing this case up.
He said he wasn't going to touch the Stormy Daniels.
He said it didn't make sense.
It was too novel of a legal precedent.
Maggie Haberman was out there saying it's an exotic theory.
It's something that's never been done before.
The judge might completely throw it out.
So suddenly Soros, after giving this guy a million dollars, do you really think that he doesn't know that he's the guy that backed the Manhattan DA? Come on, of course he knows.
The fact that they're moving away from this and trying to walk away from him and Soros is pushing back because you never hear Soros push back like this shows me that something is going on behind the scenes because remember we had Alvin Bragg in he said in writing to Jim Jordan that there was a false expectation that President Trump would be arrested he said that at the beginning of this week And then suddenly the indictment came down very quickly at the end of the week.
So, Steve, what changed?
I want to ask Alvin that.
steve bannon
What changed, Alvin? You've been doing a lot of work on this entire situation up there.
Give us your take. I'm going to get Terry Schilling up here in a second on the transgender day of visibility that Biden made sure that he had to tweet out a big warm hug from the White House.
Give me your other assessment of the Bragg situation.
jack posobiec
Oh, Steve, I can't wait.
I can't wait for this at all.
I'm going to New York because...
unidentified
They expect us to be scared.
jack posobiec
This isn't just an indictment of Trump.
They're trying to indict the entire MAGA movement.
They want you scared. They want you quiet.
They're going after people for posting memes.
They want you to shut up.
They want you to stop. They want you to go home.
They want you to not be, you know, stop buying those pillows.
Stop buying those slippers. Go back to Crocs.
No, we are not scared, Steve.
They're the ones who are scared.
They're scared of this movement.
They're desperate. They're backed into a corner.
They're entire edifice.
is falling down around them, so they're looking for a scapegoat, and the biggest one they could find was Donald Trump.
But they made a massive mistake in bringing this indictment.
They are going to find that out very, very soon.
And that's why I know for a fact that Donald Trump, the man who walked into North Korea, is not going to be trying to hide out in Mar-a-Lago.
He's going to step right into that courtroom.
He's going to step right into that courthouse.
Because that's the man he is.
He doesn't shy from the fight, and as his lawyer said the other day, his knees don't buckle.
steve bannon
Jack, hang on one second.
Terry Schilling, if we can put up, Terry Schilling joins us.
Two things. One, the Axios piece, Terry, on you and your group at the forefront of getting these laws changed in all these states or new laws in the books, which is incredible.
But I've got to ask you first about, you have the burial yesterday of St.
Evelyn, the young girl who reached for the fire alarm before she was gunned down brutally in cold blood.
And at close range by the transgender perpetrator.
And yet yesterday, Biden, instead of saying anything about that, instead of saying anything about her burial, he tweets out this thing we put up.
What is it? He said, congratulations on transgender day and that they're made in the image of God.
Can you explain this to me, Terry Schilling?
terry schilling
Well, first and foremost, yesterday was Trans Day of Visibility, which, you know, just to make it clear, guys, we see you.
We've been seeing you every day nonstop for the past five or six years on our social media feeds.
We see you in the news.
You're flooding our inboxes.
You've made your presence known.
We know that this mental illness exists.
You made it abundantly clear.
Listen, what Biden is doing here is he's overcompensating.
They're trying to cover up the shooting.
They're trying to move on past it because they know that this whole shooting opens up the floodgates.
We can now officially say, without having to apologize or be defensive, that this is a mental illness.
It's getting people killed.
Affirming these people in their mental illness is getting people killed, not just us.
But them. It's getting them killed.
They're killing themselves. They're committing suicide.
They're hopping them up on estrogen and testosterone.
And then they wonder, how could this have happened?
Oh, well, it must be the Tennessee legislation that bans sex changes for minors, right?
This is a preposterous and evil regime, and Biden's at the forefront of it.
steve bannon
Let's go to the Axios story.
What are we doing on the positive side to make sure that these people get appropriate treatment?
Walk me through the Axios piece.
You're one of the leaders in one of the groups.
There are four groups that are at the state level pressing to have laws either change or new laws in the books.
terry schilling
Well, according to the ACLU, there are over 430 pieces of legislation That are in the legislatures right now to ban surgeries and hormone treatments for children.
Essentially, it's called gender affirmation care, which is actually mental illness affirmation care.
We want to start protecting kids and their bodies, right?
We want them to accept their bodies for who they are.
We're basically stopping the bleeding.
By targeting the protection of children.
And on top of that, we're protecting parental rights education, making sure that they don't get indoctrinated in these schools.
We're protecting their minds, protecting their bodies.
And then on top of that, we're still protecting women's sports, right?
We're up to 21 states now.
That have banned transgender sports and keeping girls in their own leagues and keeping guys out of them.
This movement's falling apart, and they know it, and they're getting desperate.
You're going to see more acts of violence, Steve.
I mean, you're seeing Alex Stein get assaulted in New York City.
You saw Chris Elston, one of my good friends, Billboard Chris, as you guys know him.
He's getting assaulted at these rallies.
These are unhinged people.
They're not well. They're mentally unstable and they need to get more help because if we don't help them, the violence is going to continue to grow.
steve bannon
Talk to me about that.
What do you mean about violence?
Are you concerned about violence against schools, targeting Christian schools?
What do you mean? Just attacking people at rallies or actually more violence like we saw in Nashville?
terry schilling
I think it's everything.
Everything's up for grabs, right?
These are all mentally ill people, and the mainstream media is telling them that Christians are planning and working to genocide them, right?
So when you combine, and I don't look, see, you know me, I don't believe in stochastic terrorism, but when you have mentally ill people that are on SSRIs, you're pumping them full of testosterone, pumping them full of estrogen, you're making them hormonal, right?
We all know what that word means.
You're going to have more violence, and it's going to be simple assaults.
There are going to be more simple assaults, and there's going to be more shootings.
They blame us, Steve, for the shooting in Nashville.
They literally said that this is in response to the legislation that we passed to protect children from sex changes.
We just started doing this basically yesterday and we can't ban them.
They should have had to pass a law to allow sex changes for minors.
But this whole country is so corrupted from the top down.
But I think you're going to see a lot more instability here because their movement's losing and they know it.
steve bannon
Let me take a break.
If you can just hang on for one second.
We had to lose Jack Posobiec.
He was in by phone and had to bounce.
We want to thank Jack for helping us out this morning.
There's a lot going on. Just stick around.
We've got Terry Schilling.
Dr. Peter Navarro is going to join us.
A lot going on in this financial crisis.
Alan Dershowitz is here to walk us through the details of the case and how it can get dismissed.
All next in The War Room.
unidentified
We rejoice when there's no more.
Let's take down the CCP. Here's your host, Stephen K. Band.
steve bannon
Okay, welcome back.
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Is the judge yesterday, a judge delayed this issue with what?
Is it the story hour, the drag queen situation?
What's going on in Tennessee that got delayed?
terry schilling
So there's legislation that has been delayed.
Steve, to be honest, I have to read more into that.
Things have been moving so quickly with all of the train shooting and everything and all this legislation that's moving.
But they basically just stay on the Drag Queen Story Hour ban for children.
And so we have to wait to see what's going to happen there.
But I do want to say...
steve bannon
Yeah, go ahead.
terry schilling
No, go ahead. I was just going to...
The thing about this entire movement that's holding it up is these doctors have adopted what's called an affirmation first practice.
They don't do this with anorexia.
They don't do this with any other mental illness, but they do with gender identity disorder and it's causing real mayhem.
And it's partly due to the fact that states across the country have banned gender identity conversion therapy.
That's what they call it. So they lumped them in with the gay conversion therapy stuff.
So we have to start repealing at least the gender identity conversion therapy bans because, look, this gender identity disorder has been around for decades.
It's not new.
It's been around for a long time, but we've treated it.
We have to get to the root problem with these kids.
A lot of them, you dig into their history and why they identify as a girl when they're a boy, and it's because their parents are showing more affection to the girls in the family than the boys, and they pick up on clues.
Each kid is different, and we need to stop affirming them.
We need to start affirming them in their own bodies, right?
Not their minds and their crazy made-up thoughts about being really a girl when they're a boy.
We need to affirm them in their body and explain to them why it's beautiful that they're a boy, why it's beautiful that they're actually a girl, and convince them.
This is like a self-hatred thing.
It's being instilled into our law, Steve, and it's absolutely causing mayhem and chaos and destruction.
steve bannon
From the doctors, there's also a huge money-making business.
It's one of the situations out in Tennessee.
terry schilling
$2.1 billion.
It's a $2.1 billion industry right now.
steve bannon
If people want to find out, the Axios story, we'll make sure everybody sees that you're at the tip of the spear in this.
If people want to find out more...
Where do they go about this?
Because this is something, you know, most people, including myself, this is like a whole new territory, kind of shocked.
It's even become a thing, right?
So it's, how do people just get in more, and we want to immerse our audience in information.
terry schilling
Where do they go? Look, there's a few Twitter feeds that really follow this.
Billboard Chris is one of the best ones out there.
Jay Richards at the Harris Foundation is doing great work.
My own Twitter feed is good.
It's keeping people updated on all these news articles.
American Principles Project.
You know, AmericanPrisonersProject.org, you know, we're following this every single day.
And by the way, the left does a really good job of ringing the alarm bells whenever we're about to pass the legislation.
So follow some of those left-wing accounts.
It might drive you a little nuts because they're just in such a fantasy world and they're delusional.
But yeah, those are just some of the people and accounts that I would follow.
steve bannon
Terry Schilling, once again, thank you very much, and thank you for being the tip of the spear, explaining this to us.
terry schilling
Thank you. Thanks, Steve.
steve bannon
Okay, yesterday's front page of the Financial Times Day is all about Trump and Bragg, so we won't give that any more oxygen.
But yesterday, Dr.
Peter Navarro, China warns Europe not to follow U.S. demands for trade curbs with Beijing.
At the same time, you have Brazil, you have Iraq, you have the French now through UAE, you obviously have the blood in the crypts of Saudi Arabia and the Persians.
This rapid movement to use the yuan to replace the petrodollar could not be more in your face, and I keep warning people about how rapidly it's occurring.
At the same time, you've got Macron and...
And the head of the European Union heading to Beijing next week for economic talks.
peter navarro
Your thoughts, sir? Steve, you can tell an enemy by the currency it keeps.
You can tell an enemy by the currency it keeps.
Now, the obvious ones who are cooperating with Communist China on using the yuan instead of the dollar are Russia and Iran.
But let's think about some of the other countries on that list.
Iraq, where we put trillions of dollars of blood and treasure there, is now cozying up communist China.
India, interestingly enough, which is supposed to be our buddy, has a long history going back to the old Soviet Union days.
Of being closely allied with Russia and the then Soviet Union.
So there's a lot of ties there.
India is using the RuPaul and now the Yuan to bypass any sanctions vis-a-vis the war in Ukraine.
So that's a little sketchy.
France! I mean, look, Macron, if Trump were president right now, Macron tried to pull something like that.
I mean, that line would be hot.
Trust me, that line would be hot.
You've looked a lot at what it means for the United States if we lose our status as a world currency.
And I think it's more complex than we've been talking about.
One of the things that I talked a lot about when I was in the White House with other folks is the problem we had with the dollar as a reserve currency making it stronger More higher value than it would otherwise be, which spiked our trade deficit.
And effectively, being the reserve currency from a purely fair trade point of view was actually a big hindrance.
The other thing that the dollar did as a reserve currency was skew a lot of our investment towards the housing sector rather than productive factories because It kept mortgage rates lower than they otherwise would be, and meanwhile the Chinese were manipulating their currency to make that happen, right, so that they could steal our jobs.
steve bannon
This is not a defense because it doesn't need a defense, but I just want to sharpen here.
You're 100 % correct.
It's a very complex topic.
What the Bannon position has been is that we need to, as a country, This is why I want to end the Fed.
But our currency, and over time, if we make a decision, because being the world's reserve currency comes with lots of obligations, that would also go to the obligations of our national security apparatus.
But it has to be a conscious decision of the American people.
Here's what's happening.
What's happening right now is the collapse.
You've been very clear about that, Steve. Just be clear. Yeah, just like the British.
You've been very clear about it. No, because we, by the way, people should know.
Navarro was really Trump's top guy when thinking about the economy, thinking about manufacturing, thinking about bringing jobs back to America.
These were heated debates inside the White House, as you remember, right, particularly on the China deal and the complexity of currency.
So these are not simplistic black and white.
The point is, right now, and people kept telling us decades and decades, The Chinese, and I love your phrase, I'm going to steal it.
You can tell on NMV by the currency they keep.
That's so great. I'm going to give an homage to Dr.
peter navarro
You're going to attribute that or I'm going to...
unidentified
I'm going to...
I'm going to...
I trademarked that before I came on the air knowing you banned it.
steve bannon
Go ahead. They are putting an alliance together, Peter.
They're putting an alliance together, started with One Belt, One Road, with capital investment, but they're quickly going to currency as what binds them.
This has never been done against the United States ever.
Dr. Peter, go ahead.
peter navarro
It flushes these enemies out.
I mean, Iraq... You've got Indonesia, Malaysia, you've got the Cambodians over there, which have been a puppet of the Communist Chinese.
So what you've got is a split.
One of the things that we always talked about in the White House, Steve, when the whole issue of sanctions came up, because I was, look, sanctions, if you look at it as a snapshot of It works really well.
Strong support of that. But if you look at it as a movie, it's problematic because the more you use sanctions on Communist China, Iran, and Russia, the more incentive you give them to get off the dollar.
And so what you set in motion with sanctions, I always said what we should do rather than sanctions.
only is slap on tariffs and punchline investment restrictions.
One of the things I fought really hard in the White House with and wasn't as successful as I could have been because of folks like Mnuchin and Kudlow was cutting off our investment.
There's no reason why our retirement accounts here in America, particularly our defense accounts, should be going over to fund Enterprises, particularly military enterprises, in common shine.
But that's exactly what happened.
There's a famous episode in the Situation Room when Hong Kong fell.
And I was sitting there with Mnuchin and Kudlow, Bill Barr and Mike Pompeo arguing to cut off the Hong Kong clearing houses so they couldn't use Hong Kong to take money into the mainland.
And I lost that battle.
And what was interesting is it wasn't just Kudlow and Mnuchin, it was Bill Barr who was right there soft on China.
So these are complex issues.
I'm going to do a substack over the weekend and try to get it out.
Peter Navarro I want to lay this out, but I love being able to talk about this with you, Steve, because you've been covering this.
Your series on the dollar decline is required reading, sir.
steve bannon
No, but I want to get to all this.
By the way, remember, people have been with this show for a while, particularly in the pandemic days.
I think I did...
Five weekends in a row with Myles Guo talking about Hong Kong.
We were the first ones really reporting on Hong Kong.
And then 2019 also.
I'd be on GTV doing it.
I was this huge advocate of cutting off the clearinghouses then.
That was the Czechoslovakia We should've come in hard and President Trump just got some terrible...I know you were fighting for what he wanted to do.
peter navarro
I wrote the friggin' executive order, Steve.
I wrote the executive order on that.
I had it all queued up.
I'm in the Situation Room and Bill Barr, and by the way, Mike Pompeo did not have my back on that either.
And that was a critical moment in history that's Largely gone unreported, but I'm telling you, Steve, we let Hong Kong fall without firing a financial shot, and shame on Steve Mnuchin, Larry Kudlow, and Bill Barr. The current situation in the world would be totally different if we had taken a hard stand on Hong Kong.
steve bannon
Yes. Okay. Hang on. By the way, I want everybody, a couple of things your people got to do.
We're going to take a break. Hang on. I need everybody go to birchgold.com slash bandit to get the three-part series, the third installment, the debt ceiling, the debt trap on the end of the dollar empire.
You've got to immerse yourself.
Let's do it this weekend because we're going to talk a lot about this debt fight.
Next week, as these guys go on vacation or go on break, when they come back from Easter, it's going to be all hands on deck, and we've got to be prepared for this.
Also, Dr. Navarro, you've got your substack.
Also, Dr.
Navarro's course, he's got a 10-point course up there.
Just like he taught it at Harvard, he teaches it right to you on macroeconomics.
It's so accessible.
That's why I really push this thing.
Some of you are not going to understand, but we'll get Dr.
Navarro, a university-level course.
Okay, we're going to take a short break.
Navarro's going to stick with us.
Dr. Doom, Rabini, they got somebody who's actually more doomed than Bannon and Navarro, and that would be Rabini, says that technically most of the banks in the United States of America are insolvent.
Okay? We're going to talk to Dr.
Peter Navarro about the banking crisis and who's actually doing the bailout.
All next on The War Room.
unidentified
Everything's begun, and you are over Cause we're taking down the CCP Spread the word all through Hong Kong We will fight till they're all gone We rejoice when there's no more Let's take down the CCP Think again In Congress, DeSantis voted three separate times to cut Social Security.
That's right, three times over three years.
Worse, DeSantis voted to cut Medicare two times.
DeSantis even voted to raise the retirement age to 70.
The more you learn about DeSantis, the more you see he doesn't share our values.
He's just not ready to be president.
Make America Great Again, Inc.
is responsible for the content of this advertising.
steve bannon
This is one of the reasons I said we're going to have Professor Dershowitz on here in the next block.
But, you know, we're going to cover this brag thing about what a joke it is, but we're not going to spend every second of every day going through every nuance of this because it takes your eye off the main thing.
This is kind of the main thing.
I think this ad is particularly powerful in that After President Trump went to East Palestine, Ohio, and then started doing these policy videos, Dr.
Navarro, you see the separation of what MAGA and America First is versus kind of the old Paul Ryan Republican Party, of which Governor DeSantis comes from that.
And I think this is a very powerful ad, on a policy basis.
Let's leave personalities out of it for a second.
On a policy basis, there's Trump and then there's all the others.
All the others really are neoliberal neocons when you get to the heart of it.
They haven't evolved past.
They've given some lip service to it, but they haven't evolved past where the Republican Party used to be, which is can't win national.
They talk about Trump not being electable.
It's complete nonsense.
We've seen these electable twice on a national basis.
Second, that was 74 million votes.
All the Keebler-Elves plus DeSantis combined couldn't get 74 million votes.
Why? Not just the man, but it's the man and his policies.
And you see this now in this banking crisis that they all want to look the other way.
All the big hedge fund guys that control all these candidates don't want to really talk about it.
They want to talk about it being woke.
It's so much deeper than woke.
Dr. Peter Navarro.
peter navarro
See, you're absolutely right to point out this schism between MAGA Republicans and the traditional Paul Ryan, Fox News, Rupert Murdoch, Mitch McConnell Republicans, where in the beginning,
Republicanism was just about deregulation and a lower tax burden, which served both the corporatists as well as As the American people, what Donald Trump brought to the table was what I've described as the Iron MAGA triangle of populist economic nationalism.
It's the secure borders, certainly, the end endless wars.
And above all of that is a strong American manufacturing base with using things like tariffs and buy American, hire American.
And that's what Donald Trump stands for.
He cares about black, brown and blue collar Americans and middle class families.
And he will campaign on that.
The American people will resonate on those themes, not just Republicans but independents.
And my worst fear when this 2024 election rolls around is that it won't be about the central issues.
The Democrats never want to talk about their failures on the economy, handling bank crises, any of that.
They're going to try to take us into False claims about attacks on Social Security and Medicare and, of course, the abortion issue.
And we've got to resist that because right now, Steve, I'm in my 70s now.
This is the worst crisis.
The worst crisis I've ever seen in my professional lifetime.
steve bannon
We're in a crisis. No death is a combination of the beginning of World War III, but I want to go back to what you said.
That's why President Trump, he's taking Social Security and Medicare off the table.
That's why these guys have to come up with this budget.
It shows there's discretionary spending cuts and there's defense cuts.
And you're talking to the two heads of the super hawks.
We don't think the Chinese Communist Party is a legitimate government.
It's got to be taken down. We can do that with economic warfare, and we can do it.
We can cut them off from technology, and we cut them off from capital.
We've had two experts on in the last two weeks that have both said, I asked them a question, said six months.
They're done. Chinese Communist Party.
Navarro knew this in the Hong Kong crisis.
In the Hong Kong crisis, if we had gripped them by the throat as we should have, they would have been backpedaling and be nowhere near as strong to do the run on the end of the dollar empire today.
These are all interconnected.
By the way, he broke some big news there.
I want to make sure we give time on your...
peter navarro
Let me say... Let me say...
Yeah, go ahead.
One follow-up to that...
On the Substack.com this week, I did a feature on Alibaba, right?
Alibaba is a company named after a thief, right?
It's the Chinese Communist Party company that ripped off all the eBay technology, this, that, and the other thing.
It's the largest purveyor of counterfeiters online that you have.
It's a thieving corporation.
And Alibaba just sucked another $25 billion off the American mainland into its coffers.
On our stock exchanges, this is crazy stuff.
Crazy stuff. They're just the tip of a very large iceberg, Steve.
The committee there is doing great work on that, but somehow we've got to punch through here because these Wall Street hedge fund managers continue to have their way with us.
unidentified
Yes. We don't want that.
steve bannon
Here's... First off, the real indictment.
We're going to talk to Professor Dershowitz about the phony indictment, the real indictment.
Frank Gaffney and the team at the Committee on the Present Danger of China, we put up the cover.
It's the first book of War Room Books because it's an indictment against not just the CCP leadership, it's also about their American friends.
There's a fifth column in this country, from Wall Street to everywhere.
Navarro, the work you're doing on the course, but also the podcast and your substacks to give more depth to some of the topics we go through.
I want to once again, how do they get to your substack?
How do they get to the course?
peter navarro
Yeah, peternavarro.substack.com.
You can get to the course all through the substack, peternavarro.substack.com.
The course is up on a platform named Udemy.
It's called Strategic Macroeconomics.
For Business and Investing, the best way to find it is go to the link on the War Room site, okay?
You've got that up there.
This is the first course, and I'm proud to say, for War Room University, Steve.
And what you've done in terms of educating the posse and people out there, I mean, I think consistently we provide better information than CNBC and Fox Business combined.
We are always ahead of the curve.
steve bannon
No, no. We're trying to challenge Bloomberg.
That's how proud I am.
By the way, the people in East Palestine, they told us to amend.
They love it. They love the capital markets, the economics.
They want to be immersed. They want to understand money, and they want to understand how money translates to power.
Dr. Navarro, thank you very much.
Honored to have you on here, brother, taking time away.
Carry on, Admiral. Go back to surfing or working out, whatever you do, your 50-mile bike rides.
Okay, birchgold.com slash Bannon.
Make sure you get all the free information on Birch Gold about your retirement, plus the end of the dollar empire.
Make it a work weekend this weekend.
Every weekend's a work weekend in the World War III. Immerse yourself in all the information.
unidentified
Short commercial break. Professor Dershowitz, get Trump.
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