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Jan. 28, 2025 - Bannon's War Room

48:55

Episode 4226: Waging War With Your Children's Lives And Money

Participants

Main voices

steve bannon

35:04

Appearances

rachel maddow

01:45

raheem kassam

04:55

tej gill

01:17

Clips

abby phillip

00:37

jake tapper

00:08

nicolle wallace

00:22

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Speaker	Time	Text
unidentified		The Trump administration announced a sweeping freeze on all federal grants, funds already approved by Congress.
		Chief Washington Correspondent John Carl is tracking Trump's executive action.
		John, the administration says this is just a temporary pause, but it could have major consequences.
		George, look, there is a lot of confusion this morning about what exactly this directive means, but it may be the most far-reaching executive action this White House has taken yet.
		It could potentially halt hundreds of billions of dollars in federal spending on everything from assistance to farmers, to Head Start programs, to disaster relief and public transportation.
		In a memo describing this, it was obtained by ABC News, the White House Budget Office has ordered all federal agencies to cease any financial assistance if they believe the program might conflict with President Trump's executive orders.
		The directive is not specific about which programs would have to be suspended, but it's clearly far-reaching.
		It says, quote, All federal financial assistance programs and supporting activities consistent with the president's policies and requirements.
		The only thing explicitly not included in this is Medicare and Social Security and anything directly given to individuals.
nicolle wallace ▲ ● ▼		Of our coverage, we have also learned this afternoon that Trump's DOJ has fired personnel who worked on special counsel Jack Smith's team.
		That team investigated and indicted Donald Trump for his conduct on January 6th.
		A DOJ official telling NBC News that acting AG does not, quote, trust these officials to implement Donald Trump's agenda.
abby phillip ▲ ● ▼		Punishment for trying to punish crimes allegedly committed by one man.
		That one man now occupies the Oval Office.
		Tonight, Donald Trump is saying the quiet part out loud and on paper.
		A letter by his acting attorney general, James McHenry, leaves no doubt about why he fired the more than a dozen career department lawyers.
		Their, quote, significant role in prosecuting the president, the assumption here, of course, is that...
		The lawyers who are doing their jobs will not pass a MAGA loyalty test.
		He also writes, I do not believe that the leadership of the department can trust you to assist in implementing the president's agenda faithfully.
unidentified		You have to put all the cards on the table, not just the ones that you like.
		It was hiding in plain sight.
		Trump ran on the notion that I'm going to get the folks who are trying to get me.
		And those folks, wait, wait, those folks work for the American people at the Department of Justice, and the American people heard Donald Trump.
		And they voted him into office.
		That is true.
		He did say Donald Trump was very clear that he was going to get into the Oval Office and work on his enemies list.
		He is, in fact, working on his enemies list.
		What he is doing with the inspector generals, with the prosecutors, and with everything else that he's doing, he is methodically going down his enemies.
		But here's the problem.
		He did campaign on it, and his MAGA supporters loved it.
rachel maddow ▲ ● ▼		The Trump administration is firing transgender service members.
		Trump administration is ending the basic anti-discrimination rules in federal agencies to make it okay to discriminate on the basis of race or religion or whatever else.
		They've today attempted to fire the whole team that worked on the January 6th federal case under special counsel Jack Smith.
		Even though many of those people can't be fired the way they're trying to do it because of civil service protections, they're trying to do it anyway.
		Today they've ordered at the Justice Department an investigation into the charging decisions that were made by prosecutors handling all the January 6th cases, which is presumably their precursor to trying to say it was some kind of crime in and of itself for federal prosecutors to prosecute people for the crimes they committed in the Capitol attack, the people who Trump just freed.
		Today they moved the most senior career people in the whole Justice Department out of their jobs.
		Today they ordered dozens of the most senior staff at USAID to go on leave immediately.
		Today they started the process, apparently, of gutting FDIC? Really?
		FDIC is like the golden retriever puppy of U.S. government programs.
		Who's against FDIC? I mean, I might love the weather service.
		I do.
		You might love the post office.
		Many people do.
		Somebody else might love the Library of Congress.
		Who doesn't?
		But honestly, who doesn't like FDIC? What's FDIC? Very simply, FDIC is the thing that ensures that when you deposit money in a US bank, you won't lose that money.
unidentified		You have to put all the cards on the table, not just the ones that you like.
		It was hiding in plain sight.
		Trump ran on the notion that I'm going to get the folks who are trying to get me.
		And those folks work for the American people at the Department of Justice, and the American people heard Donald Trump, and they voted him into office.
		That is true.
		He did say...
		Donald Trump was very clear that he was going to get into the Oval Office and work on his enemies list.
		He is, in fact, working on his enemies list.
		What he is doing with the inspector generals, with the prosecutors, and with everything else that he's doing, he is methodically going down his enemies.
		But here's the problem.
		He did campaign on it, and his MAGA supporters loved it.
steve bannon ▲ ● ▼		This is the primal scream of a dying regime.
steve bannon ▲ ● ▼		Pray for our enemies.
unidentified		Because we're going medieval on these people.
steve bannon ▲ ● ▼		Here's one time 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 try 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?
unidentified		MAGA media.
jake tapper ▲ ● ▼		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.
unidentified		Here's your host, Stephen K. Vance.
steve bannon ▲ ● ▼		It's Tuesday, 28 January, year of our Lord, 2025. Full spectrum dominance, action, action, action, everywhere, you know, overnight, last couple of nights.
		You think the first week was big?
		This is even bigger.
		Freezing funds, impounding funds, they're going to force this into federal court because the opposition right now is trying to stop it.
		It's trying to stop it by the courts.
		It can't be stopped.
		You've got the impoundment situation.
		You've also got this.
		Just put a freeze.
		Not impounding.
		This is the difference between executive orders and executive action.
		The theory of the case, once again, when you talk about the unitary theory of the executive, I think to a degree that's a little different.
		I think it's a lot different, but let's say it's a little different than what Cheney was trying to do, which is trying to take power back from the legislative side.
		The first part of this is the unified, he's chief executive officer, and as chief executive officer, he has a lot of bandwidth.
		To take executive actions.
		Everything doesn't have to be in executive order.
		Number two, he's commander-in-chief of the armed forces.
		He's got tremendous latitude with that.
		And third, which they have not wanted to face since the coup against Richard Nixon back in the early 1970s when Judge Sirica, another corrupt federal judge, because tons of these federal judges are corrupt and need to be replaced.
		Tons of them now, including, I think, virtually everyone in D.C. Maybe not all of them, but a lot of them need to be impeached and removed from office, given their behavior.
		Because it's the same type of coup.
		They try to have a coup against Trump.
unidentified		Try to have a coup against Trump.
steve bannon ▲ ● ▼		He's the chief magistrate and the chief law enforcement officer.
		And they're just going to have to live with that.
		They really have no defense.
		If you look at the media, if you look at MSNBC and CNN, CNN's over.
		It's done.
		It's not even an interesting conversation anymore.
		They don't even know where to go.
		And they've got all these people nobody's ever heard of.
		They've got Tim Pawlenty.
		Tim Pawlenty kind of gave a rousing thing for the criminals.
		But don't make too much big deal of the criminals.
		A lot of people are coming in, some guys in California, hey, you've got to say this.
		We're not stopped.
		The criminals are the low-hanging fruit.
		That's the ones that have to go now.
		Have to go now.
		And this is where you force, you lance the boil of the sanctuary cities.
		And you take down some of these governors like Pritzker.
		You show the whole world how they don't care about your safety.
		They just care about illegal aliens.
		Even criminals and pedophiles, sex traffickers, the worst.
		President Trump actually had a fantastic idea the other day for repeat criminals.
		And I'm...
		You know, with Jared on the prison reform, First Step Act, there'll be announcements coming out on that shortly.
		But I love President Trump's idea yesterday, hey, for repeat offenders, maybe we farm them out to a foreign prison.
		If you do that, if that is a threat hanging over, you're going to see a huge drop in recidivism.
		That may be the biggest thing ever for taking crime out in the United States.
		He's hitting everywhere, whether it's in Department of Defense.
		He sends troops, Marines now at the border.
		He's got Abbott, and Abbott's acting like a big shot.
		But that's okay.
		We're a big tent.
		We want converts.
		Abbott's acting like Donald Trump now.
		He's a mini-Trump.
		A guy that didn't lift a finger.
		And when he lifted a finger, it was all performative.
		Remember, he put the National Guard down there, but they just, they couldn't, wouldn't do anything?
		Abbott is a joke.
		He's a part of that whole Bush apparatus, tries to be a conservative, you know, thinking of running for president.
		Not happening.
		And now he's John Wayne.
		He's got 400 going to the...
		Going to the border.
		You know, a lot of people had what I call a Damascene moment at about 10 o'clock, 11 o'clock on the evening of 5 November of 2024. A lot of them became MAGA and not a lot of them want to be ultra-MAGA. That's fine.
		We need it.
		But don't fall into the trap.
		Don't make the case too hard that, oh, we're going to get the illy, the worst criminals.
		Yeah, we're doing that because that has to be done immediately.
		But that doesn't stop there.
		All 12 to 15 million have to go.
		They have to go home.
		We have to work out of this country.
		They have to go home.
		You're going to have arguments about inflation.
		You're going to have arguments about the economy.
		You're going to have arguments here and there and everywhere.
		The cost of keeping them is destroying the health care system for our working poor, destroying the education system for the working poor.
		It's destroying everything since a community for the working poor.
		African Americans, whites, and Hispanics think in this regard, particularly Hispanics.
		They're citizens.
		Can't happen.
		All of them have to go.
		We're adamant.
	All of them have to go.
	You have to keep repeating that mantra.
	We're going to do it empathetically because the American people are decent and kind to people.
	But we're not going to let invaders stay in our country.
	So I don't like the oversell.
	And you've seen it now.
	They're falling into a trap.
	The oversell of, what don't you like about, of course, they've got to go.
	And it shouldn't even be a point of discussion.
	You shouldn't even book yourself on a panel.
	There's nothing to debate.
	The American people backed it and were going.
	Now they're saying, oh, they're going to have the deportation porn.
	I love the fact that Kristi Noem, as soon as she's signed in as Department of Homeland Security, she's leading a raid.
	She's leading a raid.
	She's up there.
	She's packing.
	She's got one on her hip.
	All goats and dogs in Manhattan or the boroughs, flee for your life.
	She's in town.
	You don't know what she's going to shoot.
	I'm kidding.
	Christy Noem's DHS. And first thing to do, how many times has DHS ever led a raid?
	It's amazing.
	This is the Trump effect.
	This is the energy.
	President Trump signing executive orders and taking executive action.
	The money.
	Remember, we had Russ Vogt on here.
	Russ is now OMB. We're trying to figure out the vote.
	I guess the vote for Russ is coming up.
	Scott Bessent, yesterday, now Secretary of Treasurer, 1130 today.
	He's supposed to be sworn in.
	We hopefully will go live as a contributor to the show.
	We want to cover all the contributors, if we can get them.
	Russ Vogt, obviously.
	Peter Navarro, he's not confirmed, but he's working away.
	They're doing all kinds of stuff over there.
	Blowing heads up on the tariffs and the external revenue service.
	On and on.
	So it's scale, it's depth, and it's urgency.
	And remember, you've got the three, you know, ending the kinetic part of the Third World War, the deportations and securing the border and all that, and the financial crisis.
	The first thing you do there, hey, you're freezing cash, trillions of dollars here, no more payouts, full stop, until we get our arms around this, until we actually see where the money's going.
	Which is brilliant.
	Also, folks, to know that your voice is being heard.
	You know what President Trump didn't say?
	That talk last night, about an hour and ten minutes.
	Magnificent one to great detail of his theory of the case of the new economic model where America is the golden market.
	You've got to go through the golden door and you're going to pay a toll.
	You either put your manufacturing here and employ Americans or you've got to pay a toll.
	It's a premium price, like getting a skybox.
	You know what he didn't say?
	Politico and accidents are all over this.
	You know what he didn't say?
	He didn't mention?
	A big, beautiful bill versus two bills.
	Your voice is being heard.
	We had Eli Cranon here making the case for two.
	Let's get something on immigration, the border, security.
	Throw a little energy in there, maybe a taste, show a little leg on defense.
	Bang, let's do it.
	I think Lindsey Graham of the Senate is working on a bill.
	They say promised to have it out in mid-February to review.
	I don't know.
	I think it's two versus one.
	Not hearing a big, beautiful bill.
	Don't know.
	It's fluid.
	They're down in Florida today.
	Short commercial break.
	All right, back in the morning in a moment.
unidentified		Here's your host, Stephen K. Mann.
steve bannon ▲ ● ▼		The big, so we're going to have, Rahim's going to join us about Ukraine, also some other topics.
		Ben Harnwell, also got Gaffney.
		Got to talk about AI also, what's actually going on.
		The Chinese Communist Party is, and here's the thing, let's go back to the deal that was made.
		To repeat, Obama is the most, and Biden combined, the most reactionary.
		Presidents, not the most progressive.
		All their progressive stuff is just optics, it's performative, it's the pro-wrestling that Rachel Maddow and these people on MSNBC skip around about.
		Obama, they came to the San Francisco airport, I think it was Zuckerberg, that demon.
		Back in his, he even had a blanker stare back then.
		He looks like, what do they call him in the video games, the people with no RPGs or NPCs?
		Role-playing, what are they?
		Non-playable characters.
		He looks like a non-playable character, an NPC, with that blank look.
		He met Obama in San Francisco Airport, and they told him about the power of Facebook and social media and said, hey, this is the way that you take down the Clintons.
		He made a Faustian bargain at that time.
		And the sociopathic overlords on Wall Street, the lords of easy money, made a pact, too.
		And this is a continuation of the bailout that Obama had already started.
		I don't blame him for that.
		He didn't know what he was doing.
		He was a constitutional law professor.
		Not so sure he could count.
		He had that guy from First Boston that was like his mentor, and he led him right to Tim Geithner.
		And Bernanke and that crowd.
		And what they did is they bailed out the elites.
		They pumped the balance sheet of the Federal Reserve from $880 billion, which was the morning of, I think, the 17th or 18th of September of 2008 when they went to the Oval Office of Bush.
		And Bush goes, well, I don't know.
		I don't have the authority.
		I read the Constitution.
unidentified		I think you've got to go and talk to Nancy Pelosi.
steve bannon ▲ ● ▼		A trillion dollars.
		They need a trillion dollars cash money by 5 o'clock.
		That was Hank Paulson, some other beauties.
		So Obama bailed him out.
		And then on Silicon Valley, we made basically a pact.
		Did you know that you consented to have the political class and the people who run this country, the sociopathic overlords of easy money, make a pact with the guys in Silicon Valley?
		And here's the deal.
		We will allow you to become the wealthiest people in the history of the earth.
		And we will give you monopolistic power.
		We will actually take you from capitalism, which is about markets and profit, right?
		You learned that?
		Is that Adam Smith 101, markets and profit?
		I'm going to have Taze Gill on here in a minute.
		He'll tell you that.
		Markets and profit.
		We're going to take you to platforms, digital platforms and rent to be rent seekers because we're going to give you total monopolistic power.
		That's why you have no competition in search for Google.
		That's why you have no competition for Facebook.
		That's why Twitter essentially has no competition.
		All the left is trying to start these little things now.
		All of these are Google.
		It has no competition.
		Amazon, who's destroyed so many American businesses and the employee of the Chinese Communist Party, has essentially no...
		They're all monopolies.
		Number one, we should break them all up immediately, just like we broke up AT&T. Which every night was a topic of discussion because my dad was a blue-collar worker, become like lower-level management.
		And in the 1960s, 70s, then the 80s when I was gone, they broke the whole company up to the bail operating companies.
		And then AT&T kind of became a shell of itself.
		Break it up.
		You made a foul seat.
		You were part of a deal.
		You know this deal?
		You didn't get a bailout in 2008?
		No.
		A lot of you got crushed.
		A lot of you got put into bankruptcy, had your house taken.
		No bailout.
		No bailout for the little guy.
		You underwrote the bailout.
		I just want to make sure you understand.
		I'm going to take salt and put it right in the wound, okay?
		You paid for the bailout.
		You.
		And you voted for people that, you know, were part of it.
		That's why Trump, you know, I'd say the fuse that was lit on the 18th of September of 2008 in the Oval Office went off.
		On, I think it was the 3rd of November, excuse me, 8th November of 2016. Actually, the 9th, because we kind of were announced the winner at 2 o'clock in the morning, Eastern Standard Time.
		2.30, I think, by Associated Press.
		That's a populist reaction to a financial crisis.
		But also, concurrently, you made another deal, which they didn't have enough respect for you to kind of read you in on, because you were not in the room.
		Because Donald Trump had not arrived.
		And that was to create an oligarchy.
		They created the oligarchs and all the oligarchs were the most progressive left progressives.
		And they had their platforms to be progressive left and that's why you were banned and that's why you were suppressed.
		Now we snuck through with guys like Cernovich and these other brilliant guys in 16, the Pepes.
		Ooh, did I say that?
		The Pepes.
		Guys like Cernovich, and these are tough hombres.
		Nothing about the influences of the day, guys.
		Great job, but man, these guys were savages, beasts.
		We had nothing.
		Fox was against us.
		We had Breitbart, and we had these Pepes.
		And Trump wrote it to power.
		And remember, they went meltdown after that.
		We can't let this happen again.
	They snuck around us.
	Thought through the algorithm.
	That's how Breitbart became so big.
	Remember, they called a big conservative conference.
	Glenn Beck and all these guys went to Silicon Valley, and, you know, oh, the conservatives are going to have a cop, they're going to have this group that monitors it, and some conservatives are going to be there to make sure they're not banned, except for Breitbart.
	Because, remember, Ben, and look, Ben's a brilliant guy.
	He and I disagree on a lot, but he's a brilliant guy.
	He called, he says, Ban has turned Breitbart into Trump Pravda.
	I don't know if it was Trump-provided, but it was a populist.
	We were a populist nationalist site, and we supported a populist nationalist candidate.
	That was Donald Trump.
	Now, here's what happened.
unidentified		The deal, here's the deal.
steve bannon ▲ ● ▼		The deal for Wall Street was that you're going to save the system, and we'll go to $4.5 trillion.
		When Donald Trump took the oath of office on 20 January 17, the Federal Reserve had gone from $880 billion to $4.5 trillion.
		That, essentially $3 trillion.
		Had flooded for liquidity to save the system.
		To save the banking.
		To save Goldman Sachs.
		To save AIG. To save GE Capital.
		All of it.
		Save it.
		And have the little guy underwrite it.
		And if he gets wiped out, hey, he's just a little guy.
		They recreate themselves.
		They're just deplorables.
		They don't matter.
		They don't matter because they know how the system works.
		So they're always going to vote for the Republican, the controlled opposition, who just tap you along.
		On the oligarch side, they created oligarchy with the most progressive people.
		But the deal was, you're going to give us, we're a hegemon, and you're going to give us hegemonic technical superiority.
		We're going to have the high ground.
		The commanding heights, I think it's referred to.
		The commanding heights.
		We're going to be dominant in social media.
		In the age of the algorithm, because they're not really inventing anything, the venture capitalists aren't coming up with new ideas like cars and internal combustion engines.
		You know, the thing that, since the steam engine in the early 19th century has powered the industrial West, I mean, like, big inventions.
		Oh, I don't know, like, airplanes, trains, automobiles, radio, TV, all that.
		Have you seen any of that happen?
		No, it's all in the age of the algorithm.
		The algorithm is dominant.
		So they're supposed to dominate.
		And guess what?
		Hello?
		The Chinese Communist Party and the PLA have come out with TikTok.
		Now, it's ownership and all that.
		We'll get to all that.
		But it's completely addictive.
		Everybody knows that.
		Hell, the Chinese don't even have it.
		Remember, there's no TikTok in China.
		They got a version, but it ain't TikTok.
		And it's not showing that content.
		Because the one thing the Chinese Communist Party The party doesn't want is a bunch of kids that, you know, have their brains warped more than they want to warp them with their stuff.
		Then all of a sudden, yesterday, out of nowhere, and we're still trying to discern whether it's a PSYOP or a Sputnik moment.
		I think it's a little bit of both.
		Because they're lying about a lot of it.
		But it definitely caught people by surprise.
		It caught...
		It caught big tech by surprise.
		It caught all the AI because our theory of the case has been when I, you know, the simplest way to say it, we kind of do blunt force computing of a massive scale.
		That's all of a sudden, they're not so interested.
		You know, all your betters are not so, you don't see them yammering about climate change and net carbon zero.
		They got to power up.
		They need like 5X. Dave Walsh, they need five times the power.
		That we can provide today to power the data centers, to power artificial intelligence.
		Yep.
		And now, the Chinese, both in social media and maybe in AI, have the commanding heights.
		So we allowed a group of folks on the spectrum that have a maturity of about an 11-year-old boy, right?
		And are trying to, you know, You see Zuckerberg are trying to be part of the manosphere now.
		They've listened to one podcast and all of a sudden they want to be, you know, they want to go back and be savages.
		We've allowed those guys to make all these decisions and we are where we are.
		They are the wealthy.
		The oligarchs.
		And Biden comes out on the last thing trying to be like Eisenhower.
		He comes out and has the gall to warn us about the oligarchs.
		And Rachel Madden and those guys, the next day she goes, I felt a tingle in my spine.
	No, Rachel, it's not a Saturday night at the Matto household, okay?
	This is business.
	And you knew it, and you supported it, and you loved on it, rubbed up on it, until they all flipped.
	And they all flipped for one reason.
	The rise of a populist nationalist movement led by an adult, led by a man, led by a leader.
	Then all of a sudden, hey, the road to Damascus, and it was quick.
	Their moment of enlightenment was quick.
	You know, it went from, I don't know, when was Pennsylvania called?
	11 o'clock?
	Like 11 o'clock to 11.02.
	They couldn't wait to get down to Mar-a-Lago with their checks as supplicants.
	Right?
	We made a Faustian bargain.
	The reactionary Biden and Obama, particularly Obama and the folks around him because they're the ones running Biden, as Charlie Gasparino points out today in a tweet, biggest scandal maybe in American history.
	Short break.
	I will continue.
unidentified		Here's your host, Stephen K. Bannon.
steve bannon ▲ ● ▼		Okay, I'm going to get back to the lesson a little while.
		Let me just leave it with this.
		I'm going to pour salt into the wound right now.
		Your tax dollars, you, this audience, your tax dollars underwrote all the bailouts.
		And this debt that we have from that is you're on the hook for it.
		You.
		You're on the hook for it.
		And now it's to a price of like $100,000 per citizen, I think $220,000 per household.
		As an aside, this is why you go to Birch Gold.
		We got a big announcement on Birch Gold in the next couple days.
		But go to Birch Gold.
		People are raving about...
		Birchgold.com, the end of the dollar empire by the sixth free installment, Modern Monetary Theory.
		Read it.
		We've made it as accessible as possible for you to understand this in the bind that we're in.
		And everything they're arguing about, down in Doral, this is the whole thing about one big beautiful bill versus two bills, all of it.
		The stopping of the funding last night.
		President Trump's trying to hold back as much cash as possible from going out.
		From the disastrous Biden regime to make sure he can hold it to cut deficits.
		It's all about cutting the deficit so you don't have to finance more.
		But you underwrote the 2008 bailout, 100% you.
		You didn't get bailed out, but you underwrote the bailout of the rich.
		I want that to sting.
		But also, all your taxes, and there's estate taxes, all your support for the university systems, all your taxes that go into the federal government, to the weapons labs, or what they call, they put a nicer term on it now, national labs, all of that, all that intellectual property, essentially freebie.
		You know, Fauci and those guys may have a little taste of the action over at NIH or whatever on the pharmaceuticals, but I don't think there's any intellectual property.
		Paid back for what Harvard and Berkeley and Stanford and all, your tax dollars, you underwrote all of it.
		You underwrote all the intellectual property.
		And oh, by the way, your pension funds, because Zuckerberg and these guys had no money.
		Bezos had no money.
		Elon had no money.
		Coming to the White House begging every day.
		Had no money.
		The Google guys have no money.
		They're all graduate students.
		No money.
		They're living in apartments.
		The early stage in the venture capital, that's all pension, essentially pension fund money.
		Your money.
		Your money.
		How's that working out for you?
		Yeah, you got a pension.
		That's fine.
		You got a pension.
		Maybe your pension went up a little bit because of the success of the Oregon state teachers or CalPERS or some of these, Alabama, some of these ones that are legendary great investors in different asset classes.
		But did you make anywhere near the money?
		That these guys made?
		As the financier?
		No.
		No, you do not.
		That's not the way the system works.
		So the system needs changes.
		We have a capitalist system that has no capitalists.
		Just doesn't.
		First off, the vast majority of people don't own anything.
		No real assets and no financial assets.
		Just don't.
		But it gets worse.
		The rest of it is an oligarchic structure.
		They don't want to deal with markets, and they don't want to deal with profit.
		They want to deal with platforms, and they want to deal with rent and rent-seeking.
		That's where we are.
		And any finance is not entrepreneurial finance.
		You as an entrepreneur, how easy is it for you to get a loan?
		How easy is it for you to attract any equity capital?
	How easy is it for you to start a business, given the regulatory apparatus and the lack of capital?
	How easy?
	Not easy.
	I'm not saying it's supposed to be totally easy because capitalism and late-stage capitalism is all speculative finance capitalism.
	It's all a big casino.
	It's a big casino where they've socialized the losses.
	That would be you.
	It's a fancy term for you underwriting it, paying for it.
	And they've privatized the gains.
	They get all the upside.
	You've mitigated the risk because every time you've got to save the system, this is what they're saying now.
	They want to bail out now in Silicon Valley.
	We need more government money.
	It's a space program.
	It's the Mercury program.
	It's the Marshall Plan.
	We need it.
	We need more money.
	We need free money.
	Because they screwed up in billions of dollars, hundreds of billions of dollars.
	Now they need more of your money.
	Are you going to get to the upside?
	Are you participating in that?
	Somebody told me, Steve, they structure these things in the bailout.
	You know, they got like 7% on their notes.
	I said, yo, dude.
	At Goldman Sachs, they teach you when you put that money at the top of the cap table, everybody gets crammed down and crushed, including the management of all those firms like Goldman Sachs.
	Everybody gets crushed below you.
	You own the bulk of the upside with mitigating your risk to get paid back with a little something for the effort, plus unlimited upside, and you spread it around for a little bit and you incentivize management.
	Did that happen in 2008?
	It did not.
	Is it going to happen now in Silicon Valley?
	It is not.
	And here's what I use as a prototype.
	Remember Silicon Valley Bank?
	Does that strike a chord with this audience?
	Remember I was railing on that thing for weeks?
	The Bank of the Oligarchs, the Oligarchs Bank, and it got so bad, Peter Thiel the night before said, I think, if you have any money, maybe you want to get it out, and boom, that's just a tweet out in the open.
	Next thing you know, they're all, you know, the investors, get my money out.
	You know, people there with their money.
	Get my money out.
	Need my money out.
	Run on the bank.
	They had plenty of money.
	These venture capitalists had plenty of money.
unidentified		These companies are so amazing.
steve bannon ▲ ● ▼		There's like 500 of these little companies.
		This is the future of America.
		They can't make payroll.
		Well, why can't they make payroll?
		They've got the biggest venture capitalists in the world sitting right there.
		There's plenty of cash.
		Remember, every time Elon comes up and wants a government subsidy, there's plenty of capital.
		They're a washing capital.
		It's about returns.
		If they get you the suckers, if they get the rubes to put the money up, of course they're going to take it.
		They're going to get higher returns.
		If they had to bail out Silicon Valley Bank, their returns in these 500 great little companies have been worse.
		That's okay.
		It's called capitalism.
		We don't have a capitalist system.
		Not even close.
		This is a rigged deal from the start to the finish.
		And who underwrites this?
		The whole world structures on whose shoulder does it rest?
		That would be you.
		So endeth the lesson for today.
		We're going to talk geopolitics in a minute, but...
		I want to talk President Trump dropping the hammer in Columbia.
		Tej, I got you on here.
		AOC's running around, and this is what a quality guy Tej is.
		AOC's running around.
		You can't do it, Columbia.
		You can't send the military aircraft back.
		You can't do it because coffee prices are going to increase.
		Like, she gives a damn about coffee prices for folks.
		You run a coffee company that we love, and the coffee's getting more expensive, but you've held your prices.
		Why did you do that?
		And how have you done that, sir?
tej gill ▲ ● ▼		Yeah, the coffee market's been climbing since the fall.
		In December, it peaked.
		It was the all-time high ever.
		And it just surged again yesterday on the speculation of this Trump asserting American dominance over Colombia.
		So the coffee market is all-time high right now.
		We've actually got a huge increase on our beans, close to 30%.
		And we're absorbing most of it.
		We're holding the line because the prices will come back down.
steve bannon ▲ ● ▼		Okay, so, and tell me how, you're basically eating the huge rise, I think it was 30% at one time.
		You're essentially eating that so that still more people, we make it ubiquitous.
		Because our theory of the case is simple.
		If you try Warpath, you're never going to drink another coffee unless you're forced to, correct?
		Because it's the champagne of coffee.
tej gill ▲ ● ▼		It is.
		It is the champagne and coffee.
		It's coffee with a mission.
		The taste is number one.
		If you're part of the War Room Posse, use promo code WARROOM, and the website is warpath.coffee, and you'll see we got over 6,000 five-star reviews on our site, and people love the coffee.
		It's cranking.
		We're banking on President Trump eliminating the federal income tax, and then that'll really help us absorb the coffee market pricing.
unidentified		Warpath.coffee, promo code WARROOM. I've created a hardcore populace.
steve bannon ▲ ● ▼		Let's get no tax on tips, no tax on overtime, and no tax on Social Security.
		Let's get those three first.
		Then we'll get Navarra, get them tariffs up and going, the fees and duties, and get the external revenue service, and then maybe cut them all.
		Tej Gil, one more time, where do people go?
		I want people to try this coffee.
		It's the way we get jacked up in the morning in the war room.
		Where do folks go?
tej gill ▲ ● ▼		Warpath.coffee is the website.
		Use promo code WARROOM and you'll get 20% off right now.
		And you're going to love the coffee.
		It's the best coffee out there.
		Like Steve says, it's the champagne of coffee.
		Promo code WARROOM, WARPATH.coffee.
steve bannon ▲ ● ▼		I actually had somebody over the other day that was here for a meeting like at 7 o'clock Sunday morning.
		We had to go through some stuff and I made the coffee and he says, hey, I take cream and sugar.
		I go, no, you won't need it for this.
		And he had it black, and he says, wow.
		All these drinks are cream and sugar.
		And you've got a new customer, Tej.
		I was very, very proud of the moment.
		So thanks, brother.
		Just go.
		Don't take it from Tej, and don't take it from me.
		Just go to the site and read the reviews.
		They're all colleagues and comrades of yours.
		6,005 stars.
		Tej, thank you, brother.
		Appreciate you.
		Warpath.coffee.
		20% discount you put in War Room.
		Rahim Kassam.
		Two things.
		I want to talk about...
		Did we have the New York Magazine?
		Can we put that cover up to see the photo?
		Rahim, talk to me about...
		You're the lead of that story.
		Talk to me.
		Why is this photo kind of so important or emblematic?
		And they're making a big deal about it.
		And you're the lead of the story.
		Why are you even in it, sir?
raheem kassam ▲ ● ▼		Yeah, Steve, thank you for having me.
		It's because, you know, it's the 1980s again, in a lot of ways, in the best ways, in the ways that popular culture, common culture, has become sick of the moral hectoring and depravity, you know, in equal parts.
		If such a balance can even be struck from the political left, you know, the moral hectoring over, you know, what we saw with Selena Gomez crying in front of her camera and so on and so forth.
		And on the other hand, you know, the proliferation of human trafficking and open borders and LGBT, you know, for kids and all of this stuff.
		And young people especially, as you see from that cover in New York magazine, are saying to hell with you all.
		You know, we are the culture now.
		We're breaking through.
		We're doing things in our way, in a beautiful way, in an aesthetic way, in a way that breaks with these attempted, established traditions of depravity from the political left.
		And I was featured because we're running an operation here now on Capitol Hill, which is kind of the centerpiece of where a lot of these people who kind of want to reject The modernity want to reject the ugliness are going to, are flocking to, for their events, for their dinners.
		And that's not to say that it is exclusively, you know, a countercultural or right-wing space or anything like that.
		But, you know, what we're trying to do is bring a little bit of beauty back, bring a little bit of truth, you know, back, which is inexorably linked to beauty.
		And it's working.
		And that's why, you know, it's brilliant, by the way, a lot of people were bemoaning that.
		I said, this is everything.
		Yes, they're insulting you.
		Yes, they're biting their thumb at you.
		But that's because they fear you.
		You should embrace it.
		It's like you used to say, right?
		When they call you a Nazi, wear it as a badge of honor.
		When they call you the mean girls or whatever they called you on the front cover of this thing, wear it as a badge of honor.
steve bannon ▲ ● ▼		Because the reason is that they've lost the intellectual argument.
		And I said this at the Front National years ago.
		And of course they cut out my predicate to it.
		I said when they've lost all the arguments because they don't have any facts, you can tell you've won the argument when they call you a racist, a nativist, a xenophobe, a Nazi, any of it.
		That's when you know.
		It's like Wyden calling Scott Besson, oh, you're just a professor or something like that.
		By the way, Wyden voted for Besson last night.
		Besson's going to be, looks like now, at 1 o'clock.
		The Capitol Hill location, the place is great.
		We have another event there tonight.
		The great Matt Boyle has returned from Florida and has now moved back to the district.
		The national political editor for Breitbart, the only man on earth to work for Andrew Breitbart, Tucker Carlson, and Stephen K. Bannon.
		And he survived.
		So we're collectively hosting an event there tonight to honor the return of the hammer, Matt Boyle.
		Short break.
		Raheem, Ben on the other side.
unidentified		Here's your host, Stephen K. Mann.
steve bannon ▲ ● ▼		Okay.
		Birch Gold, we got a big new offer coming out, but I want you to get the end of the dollar empire now and get modern monetary theory so you understand what's going on and all this fighting we're going to have on budgets and fights and all of it.
		Only 170 congressmen are down at the conference.
		I think Chip Roy's not there.
		Eli Crane.
		More of the House.
		Freeman Clark is not there.
		I don't know.
		Digging in.
		One big, beautiful bill versus two.
		Let's get something done now.
		Particularly securing the board.
		You've got to get Tom Holman some money.
		This is expensive.
		What they're doing.
		This costs them some dough.
		So we've got to get them some cash.
		Speaking of cash, Tax Network USA, the IRS man's coming.
		President Trump, I think, is getting rid of a ton of these IRS agents.
		It doesn't mean they're not going to be looking for their money because the ones that are left are going to be looking for their money.
		And I suspect they may get blown off by the wealthy so they're coming for you.
		TaxNetworkUSA.com.
		Put in banning.
		Get a discount.
		But go talk to them today.
		Don't let the letter from the IRS or the warning from the IRS just sit there in the drawer because it's metastasizing.
		The interest is getting longer.
		The fees are getting longer.
		The penalties are getting longer.
		They don't go away.
		You can't wish that away.
		Open the drawer.
		Open the letter.
		Look at it.
		Do not call the IRS number.
		Call TaxNetworkUSA first.
		And they'll tell you very quickly where they can help.
		If they can help, you make a decision as a free man or woman, whether you want to use them as consultants or advisors.
		If not, then make the phone call.
		But whatever, just don't let it sit in.
		You've got to take action.
		Action, action, action.
		Speaking of action, Patriot Mobile, I'm going to be back in, this is Tarrant County, the 27th, and I think Mo will figure out what to...
		Had to get that out there for folks.
		Had a huge turnout the other day.
		PatriotMobile.com.
		A company that supports your values.
		Fabulous mobile service.
		As good as saying the majors because they just layer it right on top of the majors.
		By law, they have to.
		But the profits, part of the profits go to support groups that support your values.
		So check it out.
		I'm going to talk about CPAC beginning in the next hour, but I want to turn to Rahim Rahim.
		We've got you and Ben, and maybe Ben comes a little later, but this Ukraine situation, I'm very concerned about it.
		We've been hammering on this thing.
		President Trump's, they got these guys around, and they're saying this and saying that, and then we didn't know if it was, you know, we're 99% comfortable, we're accurate, but not 100% until the national pulse once again breaks it.
		Since you've been over this since 2014, and you and Faraj were the first two guys, I think, on the ground in the color revolution, reporting for Breitbart London.
		And remember, I told you, why are you going to Ukraine?
		What a waste of time.
		Are you just scamming me to go meet some girls?
		And you go, no, it's going to be everything.
		And you were right, and I was wrong.
		But Rahim, you guys went to the Ukrainian papers.
		They're actually laying out a plan.
	They're saying it's a 100-day plan, right?
	And it's going to be longer.
	But walk us through what the Ukrainian papers are putting out about the American plan that they already know about.
raheem kassam ▲ ● ▼		Yeah, well, three things, Steve.
		Number one, yes, Nigel Farage was the first.
		Politician to talk about this and warn that we were marching ourselves inexorably into a war, into a conflict with Russia.
		He was absolutely correct.
		He did not come with me, though, on the trip to Kiev during the Medan revolution.
		I was there all by my lonesome, walking around in the freezing cold, just about as cold as it was during the inauguration in D.C. last week, for a week figuring out exactly what was going on, where the money supply was, what the EU was up to there, and how it would affect Western civilization for decades to come, right?
		We're a decade plus into this whole process now.
		The other part of that is you didn't pay for the trip.
		I paid for the trip out of my own pocket, by the way.
		I'll have you know.
		And then thirdly, it doesn't mean to say that I didn't see some girls.
unidentified		No, stop.
steve bannon ▲ ● ▼		Stop.
steve bannon ▲ ● ▼		I've got the receipts.
unidentified		Let's see.
steve bannon ▲ ● ▼		Let's pull them up.
steve bannon ▲ ● ▼		I had to be convinced it was legit.
unidentified		Then when you told me you met Victoria Newland, I said, okay, it's legit.
raheem kassam ▲ ● ▼		If you had paid for the trip, I would have stayed in a better hotel.
unidentified		If you had paid for the trip, I would have stayed in a better hotel.
raheem kassam ▲ ● ▼		Listen.
		Here we are, you know, at the zenith of this conflict, right?
		The peak of everything that's been taking place.
		And what is it?
		What is it amounted to?
		It's amounted to rivers of blood running through Eastern Europe, and it's amounted to status quo ante as far as the war is concerned.
		We're now looking at a situation as per this...
steve bannon ▲ ● ▼		Hold it, hold it.
		Hey, don't hold it.
		Yo, don't bury the lead.
		Us paying for it led to the impeachment of Donald Trump.
		They try to use Ukraine to get Trump out of office.
		Don't ever, ever, dude.
		This is horrible.
		Part of a whole cloth, brother.
		Go ahead.
raheem kassam ▲ ● ▼		Of course.
		Of course.
		But, you know, what I'm talking about is the cost, right?
		What has been the cost to the world?
		What has been the cost to ordinary people's lives?
		What has been the cost?
		And what are we coming out with?
		Okay, so the deal that, you know, the Ukrainians are calling this misinformation, but the deal that was leaked yesterday states that basically, you know, the territorial gains made by Russia will be turned into either Russian-controlled or buffer zone areas.
		That effectively the rest of it will all just remain the same.
		You know, you could have done that without hundreds of thousands of lives lost.
		You could have done that, again, as you say, without an impeachment of Donald Trump.
		You could have done that without—and this goes to the heart of everything.
		This is the wise and intelligent class of people, you know, the globalists, the grown-ups in the room, who are waging wars with other people's kids and other people's money, only to be defeated, only to be, you know, completely eviscerated by—not by Vladimir Putin, by the way, but— But by God's will, quite frankly, which is to say that Ukraine was always supposed to be a buffer between Europe and Russia, and now we're going back to just that.
		So it's everything we said at the outset has come to pass.
		Where's my Pulitzer Prize?
steve bannon ▲ ● ▼		It was amazing.
		You called it, and it was so smart of you to go to the Ukrainian papers.
		Because they're reporting the United States is going to be a 100-day program, and then we're going to support, we're going to be part of at least the money.
		They didn't say the peacekeeping force, but the money.
		But they're trying to drag, it's quite obvious, they see a way to drag Trump in and make a tar baby on him.
		He's got nothing to do with this war.
		Nothing to do with it.
		And it'll get a ceasefire immediately, and then just move on.
		Rahim Ghassan, we've got about a minute.
		Your closing thoughts on this topic, brother, for the White House.
raheem kassam ▲ ● ▼		Look, I... Look, I've said that it's got to be one of the main priorities to just bring conflict to a halt, to bring suffering and war to a halt, and I know that Donald Trump holds that in his heart.
		I do also want to thank the audience out there for joining up at thenationalpulse.com forward slash war room.
		Your support of us helps us do things like that.
		You know, Steve won't pay for me to go to Ukraine, as he didn't last time.
		You've got to get that across.
unidentified		thenationalpulse.com forward slash war room.
steve bannon ▲ ● ▼		That's such a lie.
		I didn't pay up front, but we paid eventually.
		I thought it was some scammer.
		I thought it was another one of your scams.
		No, when you went to Brussels to write the book, when you went to Brussels to write the no-go zone, I said, this is legit.
		Under Ukraine, I gotta see some reporting for us.
		Rahim, you're the best.
		Social media, Rahim, where'd they go?
		Where'd they go for National Pulse?
raheem kassam ▲ ● ▼		At The Nat Pulse and at Raheem Kassam across all platforms.
		Get her, Truth, X, you name it.
		We're all across it.
steve bannon ▲ ● ▼		Another big event at Butterworth's tonight.
		Welcoming Matt Boyle, the national political editor.
		Breitbart has returned to the imperial capital.
		And that brother is a savage.
		Raheem, thank you.
		The Right Stuff takes us out.
		Two guys got the right stuff.
		Raheem Kassam and Matt Boyle.
		Short commercial break.
		We're gonna return.

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