June 12, 2024 - Bannon's War Room
47:56
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is what you're fighting for. | ||
| I mean, every day you're out there. | ||
| What they're doing is blowing people off. | ||
| If you continue to look the other way and shut up, then the oppressors, the authoritarians, get total control and total power. | ||
| Because this is just like in Arizona. | ||
| This is just like in Georgia. | ||
| It's another element that backs them into a corner and shows their lies and misrepresentations. | ||
| This is why this audience is going to have to get engaged. | ||
| As we've told you, this is the fight. | ||
|
unidentified
|
All this nonsense, all this spin, they can't handle the truth. | |
| War Room Battleground. | ||
| Here's your host, Stephen K. Bannon. | ||
| Join us now to debate the Trump economy and the Biden economy and future plans. | ||
| Stephen Moore is a senior economic advisor to the Trump 2024 presidential campaign, the co-founder of the Committee to Unleash Prosperity. | ||
| Also, former Council of Economic Advisors Chairman Jason Furman. | ||
| He's an economics professor at Harvard's Kennedy School of Government. | ||
| And while we're going to break, can break some new ground here, Steve. | ||
| If Trump were to regain the presidency, former President Trump, what are some of the planks of his plan? | ||
| I'm seeing something about even further cuts for corporate taxes. | ||
| Is that really being considered? | ||
| Hey Joe, good to be with you and good to be with Jason as well. | ||
| Look, I think there's no question the top priority will be to make sure that those tax cuts that Art Laffer and I and Larry Kudlow and others helped put together for Trump and, you know, we did it. | ||
| There was a lot of controversy about whether it would work and, you know, clearly it did. | ||
| We had a boom in investment. | ||
| By the way, I just look at these numbers, Joe, corporate tax revenues have have almost doubled since we cut the tax rate. | ||
| I think there's a Laffer curve that says that kind of thing will happen. | ||
| But it's not just taxes. | ||
| I think there's no question we're going to have a very pro-American energy policy. | ||
| We're going to head back to being energy independent again. | ||
| We're going to drill for oil. | ||
| We're going to use our clean coal. | ||
| We're going to use our natural gas to lessen the impact that countries like Iran and Russia and China | ||
| have over the world economy. | ||
| And then finally, we want to get Americans back to work. | ||
| We want policies that could actually help people get back into jobs. | ||
| And not just jobs, but jobs that pay well. | ||
| When you've got a problem, Joe. | ||
| A lot of families today, middle-class families, are having a hard time being able to afford to go to McDonald's, for goodness sakes. | ||
| I mean, this has been an agenda, a four-year agenda, that has really crushed middle-class families. | ||
| Jason, there are certain things that you probably wouldn't disagree with, I guess, there, but there are some things you'd probably like to push back on that Stephen just said. | ||
| What would be different if the president wins re-election? | ||
| Yeah, I mean, Steve left out the biggest tax increase that Donald Trump is proposing. | ||
| In fact, it's the only very explicitly worked out part of his platform that I'm aware of, which is a 10% tax on all imports and a 60% tax on everything coming from China. | ||
| I was not a fan of the latest round of tariffs that President Biden proposed, but let's put some perspective on them. | ||
| They were on $18 billion of imports. | ||
| We import $4 trillion worth of stuff, so you're talking about 200 times the scope of what the recent Biden tariffs were. | ||
| For a typical family, you're talking an extra $1,700 of costs. | ||
| And then you add that to the other inflationary parts of the agenda. | ||
| You have advisors to President Trump saying that he would fire Jay Powell within the first hundred days. | ||
| That would set up a massive, massive amount of uncertainty, court cases, and the like. | ||
| Let's say he doesn't fire him in the first hundred days, but he just tweets at him saying | ||
| that he's worse enemy than President Xi, which is what he did the last time he was president. | ||
| One of the things that President Biden has done that I really respect has been to respect | ||
| and strengthen the independence of the federal government. | ||
| the Fed, even while it was raising rates really rapidly. | ||
| What happens if that comes to an end? | ||
| So I think there's a lot of peril here. | ||
| A lot of it can be expressed, especially in terms of inflation and tax increases on middle-class | ||
| families. | ||
| Jason, do you, I think I asked you about the capital gains increase and you really weren't | ||
| that anti-capital gains that President Biden was talking about. | ||
| And what about the taxing unrealized gains? | ||
| Both of those, to many people, those are both sort of anathema to any normal economic thinking. | ||
| Do you go along with both of those ideas? | ||
| I mean, they're both way better than any of the tariffs that we've just been talking about, Joe. | ||
| But there's a lot of economic logic to taxing unrealized gains. | ||
| Right now, one of the problems with the capital gains system is that it locks in your gains. | ||
| It dissuades you from selling because you want to hold until later when you get a lower rate. | ||
| That is a proposal that applies to a relatively small slice of people. | ||
| We could argue what the right rate of taxing capital income is, and I'm open to a variety | ||
| of things. | ||
| In fact, I'd like to reform the tax code so we have permanent expensing and got rid of | ||
| the interest deduction, more incentives for business investment going forward. | ||
| But we're going to need to raise revenue somehow. | ||
| What about the tariff issue, Steve? | ||
| Well, look, on the tariffs, I worked with Trump in his first administration. | ||
| We talked a lot about tariffs. | ||
| It's interesting because, you know, when I've talked to Trump about this over the years, he's always said, Steve, I use tariffs as a weapon. | ||
| And he does. | ||
| And he's used it, in my opinion, and by the way, I'm a free trade guy like Jason is. | ||
| I don't like tariffs. | ||
| But, you know, it is an absolute truth that Trump used the threat of tariffs highly effectively in his first term. | ||
| It was the threat of terrorists that got the European nations to pay their NATO dues. | ||
| It was the threat of terrorists on Mexico that got Mexico to help secure the border. | ||
| It was standing toe-to-toe with President Xi and saying, look, I'm going to slap you with a 40% tariff unless you start playing by the rules and stop stealing our intellectual property. | ||
| And you know what? | ||
| All of those things worked. | ||
| And it's really interesting, Joel, because if you look at The tariffs that were applied by Trump versus the tariffs that applied to Biden? | ||
| Biden actually has higher tariffs than Trump does, so come on! | ||
| That isn't kind of a fair thing. | ||
| Now, one other point. | ||
| I mean, this capital gains issue that you brought up, is incredibly important to investors. | ||
| Most of the people watching the show watch it because you're investing your money or investing other people's money. | ||
| This would be an economic cyanide pill to the U.S. | ||
| economy. | ||
| He's talking about, and by the way, I'll give Biden credit, he's telling people these crazy things that he wants to do, like tax unrealized capital gains, which has never been done before in the history of this country. | ||
| People would literally have to sell the farm Okay, that was Steve Moore versus Furman. | ||
| Furman is one of the economists for the president. | ||
| Steve Moore joins us, and I really want to thank CNBC for allowing that to kind of happen. | ||
| It was a mini-debate. | ||
| than Europe. How in the world is the United States going to compete with those high rates? | ||
| Okay, that was Steve Moore versus Furman. Furman is one of the economists for the president. | ||
| Steve Moore joins us. And I really want to thank CNBC for allowing that to kind of happen. It was | ||
| a mini debate. Steve Moore, just for our audience, can you sum up the points Furman is trying to | ||
| make in trying to defend or put forward the case for Bidenomics in your mind before I know you're | ||
| one of President Trump's closest advisors when it comes to the economy? And you know, he did a great | ||
| job with Larry Kudlow and others in the first term, Peter Navarro, although we don't agree on everything. | ||
| But just make what is Furman, what is the case that he's trying to make for Bidenomics? | ||
|
unidentified
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Well, it's a tough case to make, Steve, as you know, because on... | |
| You know, we just did an analysis that in 28 of the 32 major economic measures of how a president does, Trump outperforms Biden. | ||
| And in most cases, by a wide amount. | ||
| And people who go to our website, committee.unleashprosperity.com, you can find that chart book showing, you know, everything from inflation to gas prices, to poverty rates, to unemployment, to, you know, productivity of the economy. | ||
| Every single one of them, with a few exceptions, shows that Trump has Highly outperformed Biden. | ||
| So what the Biden people are trying to do now is say, look, all the problems that have developed under Biden have been due to Trump. | ||
| But that, you know, let me give you an example why that's not true. | ||
| So they're saying, oh, Trump is the one who caused the inflation. | ||
| Well, wait a minute. | ||
| The inflation rate, Steve, was 1.5 percent when Trump left office. | ||
| In his last year in office, it was less than 2 percent. | ||
| And then all of a sudden it goes to 9 percent under Biden. | ||
| And he blames that on Trump. | ||
| So I think that's what you're going to see more of in the next four months is Biden can't and his economists cannot defend their record. | ||
| So they have to blame it on Trump. | ||
| Go back because your advisors in that year 19 particularly was the golden before the bioweapon, the Chinese bioweapon hit us, was a golden year for economics. | ||
| You guys were hitting on all cylinders, you know, low inflation, low interest rates. | ||
| Walk me through in your mind, the two or three fundamental mistakes That you think having you guys really handed off the football, the two or three mistakes that you believe Biden and his team like Furman made from the beginning that got us in the jam we're in today. | ||
|
unidentified
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Did I lose you? | |
| Did I lose you there, Steve? | ||
| We got you. | ||
|
unidentified
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Okay. | |
| So do you hear me? | ||
| You know, where to begin? | ||
|
unidentified
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I hear you loud and clear. | |
| What mistakes did they make? | ||
| Well, the biggest mistake of all was coming into office at a time when COVID was over. | ||
| Remember, the economy grew by 11% in the last six months of the Trump administration when we reopened the economy. | ||
| And by the way, I love Donald J. Trump. | ||
| I think he was a great president, but I think he made a lot of mistakes under COVID and he should not have let Fauci and these others shut down the economy and shut down our schools. | ||
| That was a horrendous mistake. | ||
| But then Biden came in and they tried to seize on this opportunity to just spend money, trillions of dollars. | ||
| I mean, my God, Steve, they spent three to four trillion dollars right out of the gate, which was all paid for by debt, all paid for by printing money. | ||
| And those of us, you and me and Laffer and Kudlow, we all said, wait a minute, this is crazy. | ||
| You're going to send inflation through the roof. | ||
| And remember all their accounts. | ||
| Oh, no, don't worry. | ||
| It's not going to cause inflation. | ||
| Well, inflation went up to nine and a half percent. | ||
| And, you know, if you look at the real inflation rate, how higher prices today versus what they were under Trump, and you look at the necessities of life, they're up 25 or 30 percent. | ||
| In some cases, 40 percent. | ||
| Mortgages are up 80 percent. | ||
| And that was all a result of this massive spending spree by Biden. | ||
| And then, of course, the The other thing that he did that, you know, you talk a lot about, and I talk a lot about, is he declared war on American energy. | ||
| So he shut down our coal. | ||
| He shut down much of our pipelines. | ||
| He shut down LNG terminals. | ||
| He just took off another 3 million acres of primed oil and gas lands in Alaska. | ||
| I mean, that's not an America first policy and that's the reason you're paying $3.89 | ||
| a gallon, not $2.49 a gallon for gas. | ||
| By the way, with President Trump, I think with the shutdown too, given the facts are | ||
| known at the time, because remember, this initially was to slow the spread. | ||
| I think given the recommendation he had, I can understand, in hindsight, I agree with | ||
| you and I think he was agree with you too, but given the facts about the spread at the | ||
| time, it was a logical decision. | ||
|
unidentified
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Yeah, well, I mean, I don't know if it was logical, but I will say this, that every meeting I had from him, starting after that, what was it, 15 days to stop the spread? | |
| Every single meeting we had, he's like, what are we doing to get the economy open? | ||
| What are we doing to get schools open? | ||
| And the problem is, Look, Steve, his biggest mistake, or one of his biggest mistakes as president, he should have fired Fauci on day one. | ||
| Fauci was a liar, a criminal, misspent money, and became a national hero because he was contradicting everything that Trump was saying. | ||
| President Trump, by the way, that was about four years ago, it was May and June 2020. | ||
| I know, I know. | ||
| Since you're one of the advisors, and I want to get people to go to your site and get these 32 indices, because that's where the facts speak for themselves. | ||
| So the way you guys have set this analysis up is amazing. | ||
| But what do you and Laffer and Kudlow, I know you guys kind of work as a team, you're the supply side guys. | ||
| Looking forward, because this economy under Biden has got so much embedded in it, it's not going to get better. | ||
| What are you recommending to the president on the afternoon of 20 January of 2025? | ||
| The first couple of actions his economic team is recommending, sir. | ||
|
unidentified
|
You know, I had this conversation with the president about three weeks ago, and he told me, and he's been saying this now publicly, that he will have a stack probably an inch and a half high of executive orders basically reversing All the crazy things on energy policy, on tax policy, on regulation policy that Biden has put in place. | |
| And I'm here to tell you, I really honestly believe this, that if Trump wins this election, and I think he will, I think you're going to see an explosion of economic growth and prosperity in this country. | ||
| You know, Steve, I don't agree with everything Trump wants to do. | ||
| You're more of a protectionist. | ||
| I'm more of a free trade guy. | ||
| But I've got to tell your listening audience that Trump is going to unleash the biggest boom because he's going to let our businesses grow. | ||
| He's going to let the private sector do it. | ||
| He's going to cut taxes. | ||
| He's going to cut regulations, better trade deals. | ||
| We're going to see the biggest boom in American energy. | ||
| And I'm not talking about green energy. | ||
| I'm talking about let's use our oil, our gas, our coal, our nuclear power, everything we've got. | ||
| I'm really optimistic about America if Trump wins. | ||
| I really am. | ||
| I think we're going to see one of the biggest booms you ever saw in this country. | ||
| One of the leading indicators of that in Germany, which has tried to de-industrialize by their elites, the Green Party got eviscerated. | ||
| And young people are saying, get rid of it. | ||
| This is what President Trump, we could go back to full spectrum energy dominance. | ||
| That will be the predicate or the foundational element for everything else. | ||
| Steve Moore, I really want people to go to your site and to review these indices and I want you to share it. | ||
| So where do people go right now, sir? | ||
|
unidentified
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Yeah, I want people to go to CommitteeToUnleashProsperity.com. | |
| That's CommitteeToUnleashProsperity.com. | ||
| You can see, for example, the report we did on COVID that showed all the mistakes that were made, and especially during the Biden era. | ||
| By the way, did you know, Steve, more people died of COVID under Biden than Trump? | ||
| Did you know that? | ||
| I did know that. | ||
|
unidentified
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Yeah. | |
| I mean, a lot of Americans don't know that. | ||
| More people died under Biden than Trump under COVID. | ||
| But also, I want people to sign up for our free hotline. | ||
| I know you get it every morning. | ||
| Just give us your email. | ||
| We'll send it to you for free. | ||
| It costs nothing. | ||
| So, comedianunleashedprosperity.com, and Steve, you know, you are a national hero, you're a patriot, thank you for everything that you do, and I can't wait to see you in the White House in a year. | ||
| Oh my god, oh my god, Steve Moore, don't tell them that. | ||
| Their heads are blowing up, their heads are blowing up already. | ||
| Moore, I'll be here at the Wharram, you'll be in the White House, we'll have you on every other day. | ||
| Steve Moore, thank you so much, brother. | ||
| Great debate. | ||
| I want to thank RAF and Lyndell TV for getting it up for us. | ||
| That's very important. | ||
| Go to the site and check out the 32 indices. | ||
| You'll see where President Trump comes on 28. | ||
| Um, this economy is not going to be done in isolation. | ||
| And one of the biggest geostrategic debates we have, and in fact, it's, we argue to decouple and decouple hard and support Lao Baijing, uh, the noble and brave Chinese people and overthrowing their sociopathic overlords, the dictators around the country. | ||
| Um, and this debate still rages, obviously, you know, President Trump's going to meet later this week, the business round table. | ||
| The business roundtable will be to a man about to continue the hardwired, the hard coupling with the Chinese Communist Party, Wall Street, Silicon Valley, all of it. | ||
| If you want to see the reality of what's that's brought, if you want to see the reality of You know, 20 or 30 years of coupling, of hard coupling with the Chinese Communist Party, and really the antecedents go back to the late 1940s. | ||
| The Congressional Research Service, CRS, and other people like Andy Ogles and Senator Ruby and others helping get it done, have, I believe, produced the most brutal report I've ever read about the hypocrisy of the modern world. | ||
| They have stripped away a communist dictatorship and shown that they're just autocrats and dictators. | ||
| The factions there are the wealthiest people on earth. | ||
| They make the Gulf Emirates look like pikers. | ||
| They make the Russian oligarchs and Ukrainian oligarchs look like pikers. | ||
| I mean, everybody that lives In Belgravia and the West End in London is nothing compared to the wealth that they've accumulated. | ||
| Now, two of our favorite people, Dr. Bradley Thayer, we had him on yesterday for a little taste. | ||
| And Bill Gertz has done separate stories on this. | ||
| Bill Gertz has done it, of course, The Washington Time, where he's been the China hand there for many, many years. | ||
| And Dr. Bradley Thayer had a brilliant piece that we started yesterday. | ||
| I want to start with Bill Gertz. | ||
| Bill, you've advocated this for many, many years. | ||
| Walk us through exactly what this CRS report says and why it's so important that we press this every day because this is the greatest information we could ever put out about the people that enslave the noble, brave, and dignified Chinese people, sir. | ||
| Yeah, this is my third story on this topic in The Washington Times. | ||
| In April, I reported that there was this section of the fiscal year 23 National Defense Authorization, which requires the intelligence community to produce a report specifically on Chinese corruption and hidden wealth Known to be in the billions of dollars. | ||
| And this report was originally due in December of last year, and the intelligence community has not done it yet. | ||
| My guess is that our illustrious intelligence analysis bureaucracy is trying to torpedo it. | ||
| The Office of the Director of National Intelligence told me in April that they are aware of the legal requirement for this report and are working on the report. | ||
| Fast forward, Andy Ogles, as you mentioned, a Tennessee Republican congressman, he then passed additional legislation that gives the DNI six more months to produce this report that was due again last December. | ||
| And this, as you said, this is extremely important because it shows how corrupt and despise the Chinese Communist Party is, and this will directly contradict the Biden administration policy, which has been stated by the President himself and Secretary of State Blinken, who said that they do not seek to undermine the Chinese Communist Party. | ||
| This is the fatal flaw in the Biden administration policy towards China. | ||
| They don't understand that this is a corrupt and despised dictatorship that has to be exposed, and we've got to expose it. | ||
| Talk to me first, go back, why, what is it that the intelligence community, because this information is out there. | ||
| It's out there and unclassified now, classified, but why are they slow walking? | ||
| Because it has to be slow walking. | ||
| It can't be that they can't get the information or at least do enough that they can get it out there. | ||
| Why is the intelligence community, number one, why do they not deliver on time? | ||
| And to Andy Ogles, and Andy's great. | ||
| He's a fire-breathing anti-CCP congressman. | ||
| Why did Ogles decide that he would work to give him six more months but then demand that they deliver? | ||
| Well, they passed some new legislation or they've introduced new legislation to give them six more months. | ||
| And they also require testimony. | ||
| They want public testimony. | ||
| Again, this is a public document. | ||
| And of course, the intelligence community is going to claim that, oh, this is classified information. | ||
| They're going to use heavy caveats by saying what kind of confidence they have in it. | ||
| And it's all reflective of the appeasement policies of the Biden administration. | ||
| They've launched a new detente program with Communist China, and they want to try and get along with Communist China. | ||
| They don't want to undermine this hated system over there that's really going to take over the world unless we stop them. | ||
| And they are on the march globally. | ||
| They are going to take over the world. | ||
| And it will cost billions of lives if China succeeds in its mission. | ||
| The main obstacle to China taking over the world is the United States. | ||
| So they're doing everything they can to weaken and undermine the United States. | ||
| But this report is so critically important. | ||
| The intelligence bureaucrats, again, I suspect that they will try to use a classification saying that, oh, we can't reveal what we know. | ||
| They know. | ||
| They have the goods on this. | ||
| They have the electronic intercepts, which show where this money, where these funds are going, how they do it. | ||
| They do it through cutouts, basically relatives, wives, offspring, uncles, aunts. | ||
| So they do it indirectly. | ||
| And that's the way they can say, well, this $5 million over here for this building, that's owned by my brother-in-law or my sister-in-law. | ||
| It's the classic case of how they do corruption over there. | ||
| Is there any concern of yours, and by the way, we'll go to break in a couple of minutes, I'll get Dr. Thayer in on the other side to talk about the CRS of it. | ||
| Is there any concern of yours that one of the reasons, because You just said it. | ||
| They're slow walking this. | ||
| They don't want to put this report out. | ||
| They certainly don't want to get out publicly. | ||
| They're going to put it behind if they even do it at all, which they're having to be forced to do it now, even though it's statutory, that they will they'll be forced to do this and they'll use classification. | ||
| So only a very few select group of people like the intelligence committees in the House and the Senate can see it. | ||
| Is it your concern that one of the reasons they are obviously blocking this, our intelligence community, that when you see the wealth of the families of the Chinese Communist Party, you see how they've money laundered it into the West, that you'll have to ask the question, How much has flowed through Washington, D.C.? | ||
| How many of our guys are actually on the payroll when you look where the cash went? | ||
| How much have the financial community in New York City on Wall Street benefited? | ||
| How much has the tech community, I mean, Hollywood, if you look at all the institutions that every day carry the water for these dictators, If you did this report, you'd have to ask the question, hey, I know that the sources of funds are Lao Beijing, China and the Chinese people, but the uses of fund are not just to make them rich, but to perpetuate their dictatorships. | ||
| Do you think it's one of the reasons being slow walked? | ||
| Clearly, that's probably the case. | ||
| As with the COVID cover-up, they tried to cover up the U.S. | ||
| involvement in supporting gain-of-function research. | ||
| There's no question that the Chinese have pumped billions of dollars into American politicians and businessmen to get their way done. | ||
| And this was all based on the disastrous engagement policy for 40 years. | ||
| For 40 years, I've covered this going back many, many decades, where they said, China's not a threat. | ||
| Just go ahead and do business. | ||
| If we just trade with them, if we just engage with them, the trade and finance will have a moderating effect and will lead to political reform. | ||
| It was an utter failure. | ||
| We've created a monster in communist China today, where the U.S. | ||
| has been successful in building up this enemy, which is trying to take over the world and completely replace the free and open democratic system that has brought about the greatest prosperity in modern history. | ||
| And they're going to take that over unless we stop them. | ||
| And so there's no question that the corruption and the hidden wealth is involved in US investments. | ||
| So we need to find out what the Chinese Communist Party leaders, that is Xi Jinping himself, also the top standing committee of the Politburo, that's the seven-member dictatorship that runs China, then the 205-member Politburo, all of these people are massively corrupt. | ||
| And have squirreled away hundreds of millions in hidden wealth. | ||
| Probably a lot of it in the U.S. | ||
| Hang on one second, Bill. | ||
| We're going to bring you back. | ||
| Short commercial break. | ||
| Birchgold.com slash Bannon. | ||
| End of the dollar empire. | ||
| Find out why the Chinese Communist Party's central bank's buying more gold than ever now. | ||
|
unidentified
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If we look back and we realize we were just inches away from victory, then that's when we decided to give up. | |
| Join us, and thousands of American patriots, for the summer convention that all are invited to. | ||
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unidentified
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With the biggest speakers in the movement, featuring President Donald J. Trump, Charlie Kirk, Donald Trump Jr., Vivek Ramaswamy, Governor Kristi Noem, Dr. Ben Carson, Tulsi Gabbard, Steve Bannon, Candace Owens, Laura Trump, Senator Rick Scott, Kimberly Guilfoyle, Congressman Matt Gaetz, Ben Johnson, Jack Posoed, Lee Zeldin, | |
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| June 14th through 16th. | ||
| 2024 is our final battle. | ||
| In Detroit, Michigan. | ||
| The great silent majority is rising like never before. | ||
| Join us for the People's Convention. | ||
| This is a new ballgame, everybody. | ||
| You send a message, we play to win. | ||
| Register now at tpaction.com slash peoples. | ||
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| We're all going to be there the whole team. | ||
| Friday, we'll be doing the show from there. | ||
| And also Saturday, I'll be doing a meet and greet on Saturday also give a main stage speech. | ||
| President Trump will be there. | ||
| It's going to be wild. | ||
| So do not do not miss it. | ||
| Want to continue on for what I said before the break. | ||
| An MTG said today about the BRICS nations. | ||
| This is the fifth free installment we have in the end of the dollar empire. | ||
| It's about the central bank digital currency versus fiat money. | ||
| But one of the things we drilled down on is the BRICS, the rise of the BRICS, and particularly their search to get around Bretton Woods. | ||
| MTG talked about today, but particularly the central bank's purchase of gold, the largest Purchaser of gold as a central bank is the Chinese Communist Party. | ||
| They know that the world's going to go through further instability. | ||
| One of the reasons they know that they're the financier of the mullahs in Persia. | ||
| They're the underwriters of the KGB. | ||
| They're the underwriters of the Muslim Brotherhood of what's happening in Hamas. | ||
| Obviously the Persians and Hezbollah and Northern Northern Israel, so they know times of turbulence are coming. | ||
| This is why you need to look at gold as a hedge against that. | ||
| Birchgold.com, the very best people and we've got it, we've set it up so that you can talk to senior management. | ||
| Remember, we give you the overall macro. | ||
| Economics of it all, geopolitics, capital markets, that, and they give you the micro, they talk about tax-deferred instruments, all that, and about timings of purchases, etc. | ||
| So that's where you could talk to Philip Petroni. | ||
| Birchgold.com slash Bannon. | ||
| Check it out. | ||
| Also, one of our contributors now, Jim Rickards, and Rickards is no gold bug. | ||
| Rickards wrote a follow-on book from Rand Paul, or excuse me, Ron Paul, who wrote in the 80s during President Reagan's. | ||
| He thought Reagan was going to the gold standard, and he didn't. | ||
| Ron Paul wrote a book called The New Case for Gold, or The Case for Gold, and Jim Rickards has written one called The New Case for Gold. | ||
| You get it free by getting Strategic Intelligence. | ||
| That's his monthly newsletter. | ||
| I know you guys love him coming on the show. | ||
| So what you should do is just go to Rickards. | ||
| That's with an S. RickardsWarRoom.com. | ||
| Sign up today. | ||
| RickardsWarRoom.com for Strategic Intelligence. | ||
| Bill Gertz, you've been doing this for many, many decades. | ||
| Now, I think we're getting down to the good part, to really expose the Chinese Communist Party, Wang Qishan, Xi, the princelings, all of it, for what they've done to the Chinese people and what they're using that cash that they've stolen to fund really this chaos throughout the world. | ||
| How do people get to your podcast? | ||
| You've got a podcast. | ||
| You're the columnist of The Times. | ||
| You're the number one, what I call, China hand. | ||
| Where do people go to get your content? | ||
| Sure, yeah. | ||
| I have a podcast called Victory Over Communism that examines Chinese communist ideology and American Marxist ideology and offers a counterproposal based on Judeo-Christian principles. | ||
| My website is TheGertzFile.com. | ||
| This forthcoming DNI report on Chinese corruption and hidden wealth is the most important report. | ||
| It will be a public report. | ||
| It's required in law. | ||
| Congress needs to maintain pressure on the intelligence community, even if required, to cut off funding until they produce this report, because it will undermine the credibility and expose the utter corruption and despicable activities of the Chinese Communist Party. | ||
| And maybe their fifth column here in the United States of America just saying, I think this is why it's such a tough thing to get the intelligence community to do it. | ||
| Bill Gertz, social media, Bill Gertz, where they go? | ||
| At Bill Gertz, I'm on all the platforms. | ||
| And I can tell you that this story has been attacked by the Chinese trolls on there. | ||
| So you can tell when you're over the target, you're taking flack. | ||
| So it's clear that this is a really important story that Beijing is trying to cover up. | ||
| Bill Gertscher, a hero, patron, a hero. | ||
| Thank you, sir. | ||
| Thank you. | ||
| Dr. Thayer, the CRS report, because the links to it, they have guys, you know, like Mike Forsyte, who was at Bloomberg. | ||
| He's now over the New York Times, so he was at Bloomberg. | ||
| He specifically covered the princelings from Beijing until Bloomberg got rid of him. | ||
| Why'd they get rid of him? | ||
| Too many stories that talked about this hidden wealth. | ||
| First off, just pull the camera back. | ||
| Why is this important for the Congressional Research Service, Rubio, people to push it yourself? | ||
| Why is it important? | ||
| Who cares? | ||
| If the Chinese communist emperors, the new emperors, have all the money, the emperors have had the money forever, what's the big deal? | ||
| Why should anybody care about Lao Bajing getting ripped off, sir? | ||
| Because it shows the fundamental illegitimacy of the Chinese Communist Party. | ||
| It shows that that ideology that they advance is incoherent. | ||
| And in essence, they're just thugs and grifters. | ||
| who have no right, no legitimacy, no justification whatsoever to rule the great Chinese people. | ||
| So the CRS memorandum and the report that Bill Gertz identified from the IC forthcoming report is not going to be a silver bullet, but it's as close to a silver bullet that we're going to have, I think, in the near term. | ||
| In revealing for all audiences, Steve, all global audiences, right? | ||
| Look at that. | ||
| And that's why it's key that it's public to show the true nature of the Chinese Communist Party. | ||
| So this is critically important. | ||
| And Bill Gertz's story in The Washington Times on Sunday, on June 9th, It does a deep dive really into the report and shows, as the CRS memo demonstrates, that media of course, you've had some heroic journalists like Bill Gertz, you mentioned Forsyth, and some others. | ||
| Uh, who run into big trouble from, uh, their employers, of course, because they're getting, uh, pressure, obviously, from the CCP to media like Bloomberg, New York Times. | ||
| Hold on, hold on, hold on. | ||
| Hang on, hang on. | ||
| Let's, let's, let's talk, let's talk about Foresight. | ||
| Bloomberg, and I say the best TV out there besides War Room and Real America's Voice is Bloomberg. | ||
| Because they go around the clock to the capital markets you see the news you have this you have what's up on the screen they're a pure information provider for the bond market because the bond market dwarfs the stock market and those terminals go across knowing Understanding how the regime worked and particularly how the regime took basically the wealth of the Chinese people, what they did with it, because it's not a normal capitalist society, how they stole it, and then how they redistributed and where they redistributed to, to get power, you would think would be absolutely central to a business network like Bloomberg. | ||
| How did Bloomberg, you can see maybe the New York Times, but how did something like Bloomberg, because if you look at the CRS memorandum, there's tons of links to four sites, his reporting, he got blown out for doing too detailed a reporting on the printings on this very topic. | ||
| How can the media justify letting a guy like that go? | ||
| Well, they can't justify it, and they shouldn't have done it, but they want access, and the CCP's got rules. | ||
| And the first commandment is you're not going to criticize them and you're going to do what they say, if you're going to have access to the People's Republic of China, which global media, of course, do. | ||
| But the key factor here is Steve, they've taken that wealth, it's part of their political warfare strategy, right? | ||
| This is the CCP's tool to use, strategy to use against the United States, the West and all of its enemies, which is to take the wealth that they're taking from the Chinese people and from US and other investors, And then they're converting that wealth into direct political influence in the United States with media, with universities, Penn-Biden Center, of course, the list is obviously and sadly, very long. | ||
| So from the CCP's point of view, that was genius, as long as they could get away with it. | ||
| But again, the reason why Bill Gertz's reporting is so important, and the piece I did with Paul Berkowitz and Senator Rubio and others on the Hill, is so important is because it's ending that. | ||
| It's showing, if you will, what's behind the curtain, and how these guys have gotten away with this for so long. | ||
| And again, fundamentally, it reveals their illegitimacy, right? | ||
| They should not be ruling China, right? | ||
| They should be in prison, at best, and they need to be evicted from power. | ||
| And the CRS memo is so important because it shows that, again, lifts up the curtain to show the true face of the regime, despite all the lies that they tell, or about win-win diplomacy, or this, that, and the other thing. | ||
| It's all a lie, and it's all deception. | ||
| And at heart, this is just as all communist governments are, right? | ||
| Just ruled by thugs and dehumanizing political systems that are, you know, the center of evil in the modern world, as Ronald Reagan said, of the Soviet Union. | ||
| So the CRS report is critical for that. | ||
| And let's hope, despite the suspicions that you have and Bill Gertz rightfully have of what the IC actually might produce, at least that's moving in the right direction. | ||
| We're finally taking some offensive steps in political warfare, which is the key to defeat the CCP. | ||
| We don't want to fight a kinetic war. | ||
| with the People's Republic of China. | ||
| We want to evict the CCP from power through political warfare. | ||
| And this is a very important step, long overdue, but a very important step in that direction. | ||
| Dr. Thayer, I want everybody to get your reporting on this and I want everybody to get to the CRS report and then to the links in the CRS report. | ||
| I think this is very, we got to get up to speed for the IC, but this is, as you so rightfully said, it's first time really we're going on offense on the political warfare side. | ||
| It's too many times that, you know, from the Confucius Institute to what's happening on Wall Street, it just seems overwhelming, but we're going and there are victories out there. | ||
| This is the number one thing, I think your co-author Paul Berkowitz will say, the number one thing they want to hide is how wealthy they are in a communist system because it reinforces their illegitimacy. | ||
| We can't overthrow the Chinese Communist Party. | ||
| The United States can't overthrow the Chinese Communist Party. | ||
| Only Lao-Beijing, only the people of China have to take in righteous indignation and do it themselves. | ||
| We can clearly be here to support. | ||
| It's one of the things I know you've dedicated your life to, I've dedicated my life to, is to take down the CCP. | ||
| Where do people go to get your writings, Ewan Berkowitz, also to get to the CRS memo underneath, all the links, and also you and Captain Fennell's book? | ||
| Yeah, and it shows they've got feet of clay, Steve, the key point, right? | ||
| If you push against them and continue that, they'll fall, as all communist governments will. | ||
| I met Bradley Thayer at Getter, and Bradley Thayer at Truth, and Brad Thayer at X, and Jim Fennell, Captain James Fennell, and I wrote Embracing Communist China. | ||
| America's greatest strategic failure, where we develop a lot of these themes in more detail. | ||
| And that's available wherever you buy books. | ||
| And then Paul Berkowitz and I did a piece on this with the Sunday Guardian in New Delhi. | ||
| Indian folks can get that. | ||
| And I'll make sure all the links are posted. | ||
| Thank you, Steve. | ||
| No, the Sunday Guardian piece was absolutely extraordinary. | ||
| What a great paper that is. | ||
| So fantastic. | ||
| Thank you very much, sir. | ||
| Dr. Bradley Thayer. | ||
| This is one of the ones we've got to keep, we've got to stop kidding ourselves about. | ||
| There is a reason that the intelligence community did not, did not, it's not because they can't get to the information. | ||
| It's not because they can't organize the information. | ||
| It's not because they can't present the information. | ||
| Why is it taking so long when it finally had to force it Do codifying it to demand it from them because this is one of the central things and once people understand this and once it permeates out into the media and to society and culture, people will understand what an evil apparatus this is and what they've done to the Chinese people. | ||
| This is kind of like in the French Revolution. | ||
| The French Revolution really didn't get going until they started to publish the balance sheet and income statement of Louis XVI and the royal family and all the aristocrats and what the crown had done with their money and all of it wasn't put to good use like supporting the American Revolution. | ||
| A lot of it was in building places like Versailles and the French people had enough of it. | ||
| This is the same type of thing. | ||
| Why is the intelligence community so slow to it? | ||
| Remember when we first started with Jace Medical, Dr. Sean Rowland and those guys, it came as a big surprise to everybody. | ||
| And it shouldn't have, but it came as a big shock back in 2020, in spring of 2020. | ||
| When we found out, not just the PPE, but we found out the entire supply chain for generic drugs, including active pharmaceutical ingredients, 100% was controlled by the Chinese Communist Party in mainland China. | ||
| And people go, how did that happen? | ||
| This used to all be made here in the United States. | ||
| Well, it just, because we had people looking the other way, some people making money off this. | ||
| It all got shipped with much of our manufacturing, but this is a strategic asset. | ||
| That's where Rosemary Gibson wrote that incredible book about they had the high ground and they can cut it off at any time. | ||
| The Jace Medical Guys started the company just on that. | ||
| But what's evolved to is the fact of look at the shutdowns in pharmacies. | ||
| First of all, look at the bankruptcies and liquidations, but look at the cyber attacks. | ||
| Look at when you go now and just on the counters outside, they've got it behind glass and you can't even get, there's nothing there, the empty shelves. | ||
| Look how many times you call and just basic antibodies, you can't get them from a pharmacy. | ||
| This is deeper than just the Chinese Communist Party, but that's why Jace Medical was set up to make sure it's coming off this theory of the case that the CCP can shut you down. | ||
| Now you've got it in every different angle. | ||
| That's why when you have one of these institutions like Jace Medical and we set it up that you can talk to senior management, you should use it just for information gathering alone in your own life. | ||
| So that's why I go to jacemedical.com and do that today. | ||
| jacemedical.com and just take Take the worry off you. | ||
| Another set of worry is when we had Steve Mourner talk about the economic plan. | ||
| You saw the debate on CNBC between him and Furman. | ||
| One thing that's going to get very contentious is the Trump tax cuts, which were a supply-side tax cut. | ||
| We did back in 17. | ||
| I didn't love all of it, particularly some of the upper brackets, but it worked overwhelmingly. | ||
| I didn't like some of the corporate stuff about not restricting stock buybacks. | ||
| All that can be taken care of. | ||
| But that all comes back or off starting in the first couple of months of President Trump's second term, along with all this spending. | ||
| And you've had Scott Bess and you had Steve Moore talk about, hey, we got to get the tax cuts in. | ||
| Maybe do some offsets of spending. | ||
| But the issue is, is like with Biden, you're having trillion and a half and two trillion dollar deficits every year. | ||
| That's got to be, that's got to be, it's got, that gap's got to be closed. | ||
| A supply-side tax cut can help and we can grow our way over time, particularly if we get deficits to 3%, what Scott Besson and Steve Moore are talking about, instead of the 7% of GDP today. | ||
| You can get a plan to get there. | ||
| But in the interim, and this is why they hired the 10,000 new IRS agents, they've got to get blood out of a stone and they're not going after the wealthy. | ||
| One of the reasons the wealthy already have brilliant tax lawyers and tax accountant and every transaction they do is set up to use the tax code to their advantage for these tax deferments. | ||
| Where are they going to get it? | ||
| They're going to get it from you. | ||
| They're going to get blood from a stone. | ||
| And that's why Tax Network USA is set up. | ||
| And that's one of the reasons we're the partners with them. | ||
| TNUSA.com slash ban and you get a special discount. | ||
| But here's what you need to know, particularly if the IRS, if somehow you filed wrong or somehow you're late, just you can't put the letter in a drawer. | ||
| It's just not going to, you can't, you can't look away from this. | ||
| You got to get on top of it. | ||
| The way you get on top of it is talk to the folks at Tax Network USA, TNUSA.com. | ||
| We have the 800 number that's there on the bottom. | ||
| Make sure that you talk to them. | ||
| They'll give you a free, you'll fill out some basic paperwork to see if it makes sense for them to talk to you. | ||
| And if they do, they'll engage right away and they know how to deal with the IRS. | ||
| So you need an advocate. | ||
| You need an advocate in your space. | ||
| So make sure you go check it out today. | ||
| Same with the credit cards. | ||
| Same exact thing. | ||
| These are all processes. | ||
| We know something about here, the processes of the modern world and the world is one of the things you try to teach here. | ||
| Nomenclature, critical paths, statics and dynamics of historical process so that you can always be ahead of the curve and you are ahead of the curve. | ||
| This is why you're, this is why you've been so powerful and you punch way above your weight as far as politics go. | ||
| It's the week's going to be on fire. | ||
| Obviously now these announcements of the hearings with Colangelo and folks coming this week, President Trump's coming to the Capitol. | ||
| It's going to be absolutely intense week going forward. | ||
| The Hunter Biden jury, the results of that, it's just going to be on fire. | ||
| The great Lou Dobbs, Follows me. | ||
| And then we're back at 10 a.m. | ||
| tomorrow morning, live from the War Room. | ||
| Before I go, two things, and we'll do it when we get up in the morning. | ||
| This is how we get fired up. | ||
| Warpath Coffee. | ||
| Warpath.coffee. | ||
| Warpath.coffee is fantastic. | ||
| Go check it out. | ||
| Check out the 4,000 War Room Posse members that are there that give these great reviews. | ||
| Go check out Warpath.coffee and of course Sacred Human Health. | ||
| Know what Orca knows. | ||
| Orca knows it's about the liver. | ||
| Get grass-fed beef liver. | ||
| We'll leave you with Steve Stern. | ||
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