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Feb. 5, 2025 - Bannon's War Room
51:46
Episode 4247: Audit Of All Major Institutions
Participants
Main voices
d
dave brat
07:53
d
donald j trump
05:43
j
james rickards
09:42
s
steve bannon
21:01
Appearances
m
mike lindell
02:19
p
pam bondi
01:00
Clips
j
jake tapper
00:08
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Speaker Time Text
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies.
unidentified
Because we're going medieval on these people.
steve bannon
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.
Here's your host, Stephen K. Mann.
steve bannon
Wednesday, 5 February, Year of a Lore 2025.
Dave Bratz in the house.
Yes, we are going to let him speak more in the second hour.
Rickard's going to join us.
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Axios and these things.
Axios stemmed for these really good new sites that are coming out.
And I understand they're all left-wing, but you've got to deal with what you've got to deal with.
They're talking about Tulsi Gabbard and working behind the scenes and Tom Cotton.
And Tom Cotton did a good job.
But I told these guys, and I said, look, this is all fantasy.
It was a turning point, Article III and Wurru Posse muscle, big political muscle, up on the ramparts, blowing up guys like Todd Young to say, look, it's over if you vote against President Trump's This is what got Tom Tillis' attention on Pete Hexeth.
This is what got other people's attention on Cassie's attention on Bobby Kennedy.
It got Young's attention on Tulsi Gabbard.
And there's going to be a lot of pressure on Cash Patel because they're getting wobbly on Cash Patel a little bit now because all these AGs are filing suits.
They're going to try to stop President Trump every stop of the way, and we're steamrolling them now.
But these people are vicious, and hey, they tried to put Trump in prison for 300 years.
So that's how vicious they are.
Dave, Brett, let me bring in Rickards for a second.
Brett, you jump in here.
I'm tired of having the war room posse whine.
I don't give Brad enough.
He's a grown man.
Grab the microphone.
Don't sit.
Grab the microphone.
Thank you.
unidentified
Thank you.
steve bannon
The posse loves you.
unidentified
Thank you.
steve bannon
God.
They're always protected.
They're very protected.
They're very good people.
They're very protected of the weak.
Grab the mic.
That's right.
Rickards.
First off, geopolitically, and I don't even want to address the Gaza thing.
I'm not going to do that.
I'm not going to take the bait.
President Trump, I'm not taking the bait.
Ukraine, though.
Zelensky's up on Piers Morgan saying this very crude thing about Tucker Carlson and Putin.
The day after he gives an interview to the Associated Press says, hey, I only got $77 billion.
I don't know.
I know you allocated $179, which is wrong because it's $250 billion.
He's saying now, I only got $77 billion.
And you need to send troops, money.
I need troops from England.
I need a security guarantee.
I need all this.
And President Trump, we keep advising these guys, hey, cut bait now, cut bait now, because all they're doing is sucking you in day by day.
And there's a little miscommunication because General Kellogg, who I love, he's out there and he's making it seem like we're going to have a longer-term commitment to Ukraine, where President Trump is laying out an Admiral Mahan strategy from Greenland to the Panama Canal, Canal where we're going to have hemispheric defense against the Russian Navy and the Chinese Navy with the three island chains in the Pacific and kind of hermetically sealed the United States.
What is it?
And how dire is the situation looking at Ukraine?
And what would you advise the President of the United States, sir?
james rickards
The situation in Ukraine is dire from the point of view of NATO, the US, or the Trump administration.
My concern, Steve, is that there are five or six myths floating out there.
These myths are promoted by the New York Times, the Washington Post, and the Financial Times, and The Economist, and others.
They come from the intelligence community.
They're lies, because that's what they do.
The intelligence community just lies.
People just need to think about that when they hear anything from an intelligence source.
Of course, they're professional.
They've been doing it for 75 years.
So the myths mislead people into what the strategy should be.
So the idea that, you know, these wonder weapons, every single one of them has failed.
I don't have to get on the list.
You know, Bradley fighting vehicles, Abrams tanks, the left burning on the battlefield, Patriot missile batteries, a billion dollars apiece.
Russians have blown up seven of them with hypersonic missiles.
F-16s you don't hear about.
That's because they're getting shot down.
So it's a long list, but I can leave it at that.
These weapons don't work.
It makes you wonder if NATO could even defend itself, let alone helping Ukraine, which they're Clearly not doing.
The war is not a stalemate.
That's another one of these myths.
Russia is advancing across the entire line of battle from the south from Tresk all the way to Kupyansk.
The Kursk salient that Ukraine created when they invaded the Russian Federation is now surrounded.
They're going to have two choices, surrender or die.
They will be annihilated.
So Russia moves slowly, but they're lethal and methodical, and they're winning the war.
There's very little standing between Russia, the Russian Federation, going all the way to the Nibiru River at this point.
So basically, Ukraine has lost the war.
And that's really the issue.
This is my concern.
I analyzed this and I came up with three choices.
Number one, you can accept, you can end the war pretty much with a phone call.
Trump said that.
He's right, but he hasn't really acted on it.
You basically accept Putin's terms with a little face saving, you know, window dressing, whatever.
That's choice number one.
Choice number two, you just keep fighting, keep giving them more weapons, more money, etc.
And then choice number three is you escalate, which puts us...
On the path to World War III. Now, I think choice number three is off the table in the sense that that was promoted by Victoria Nuland, Tony Blinken, Jake Sullivan, USAID. They're in the news now, but they finance a lot of this.
So I think we can take that off the table.
But here's the danger.
Choice one.
I mean, what are Putin's terms?
They haven't changed in four years.
He said them before the war started, before the special military operation.
He said them recently in his New Year's speech.
He wants Ukrainian neutrality, demilitarization, denazification.
And there are neo-Nazis.
They walk around with the SS insignias.
They're real.
I actually spoke to someone at the Marshall Foundation about that.
And no NATO membership.
So neutrality, no NATO, demilitarization, denazification hasn't changed.
Now, what has changed is the territorial settlement.
They've been fighting for almost three years.
Russian casualties, you can debate it.
My estimate is 100,000, based on sources other than the Russian Defense Ministry.
Some say higher.
I don't think they are that much higher.
Ukrainian casualties, probably 700,000.
Paid a very high price.
Putin is not going to give back those territories.
Obviously, Crimea is integrated with the Russian Federation at this point, but Donetsk, Luhansk, Kirchhoff, he's not giving them back.
So basically, you kind of go in with that.
Now, my concern is that Trump's advisers, including General Kellogg, Mike Walsh and others, good people, are going to say, hey, let's get better terms.
So let's keep fighting.
For a while until we can get better terms, which you're not going to get.
This is exactly what happened to Lyndon Johnson in Vietnam.
Dwight Eisenhower started that war.
John F. Kennedy escalated it.
Johnson inherited it.
He could have got out.
There are ways to do that.
He didn't.
It destroyed his presidency, destroyed his legacy, and finally Richard Nixon ended it.
But that took several more years.
So the point is, Trump's at that Lyndon Johnson point right now.
He can get out.
And he should.
But my fear is that his advisor is going to say, let's keep fighting a little while longer, get some better terms, and then we'll cut a deal with Putin.
By the way, financial sanctions won't work.
Why do I say that?
They've done 15 rounds of sanctions.
They've been doing sanctions.
Hard ones for three years.
Do you think another round of sanctions is going to make a difference?
The Russian economy is growing faster than the U.S. economy.
The currency is stable.
The reserve position, yet we stole the Treasury bills, but they have 25 percent of it in gold bullion that you can't freeze or seize.
The only economic problem the Russians have is there's a little bit of inflation because their economy is operating beyond full capacity.
They're making...
I'll say 10 times, but probably 50 times the weapons that we are.
We can't resupply our arsenal.
So the war is lost from Ukraine's perspective.
There is a way out with a little face saving.
But my concern is that Trump's not going to take that option.
steve bannon
And so your recommendation is cut bait now.
Force Zelensky to the table.
Make the best that you possibly can.
Hopefully get the Russian army to back off.
Because now they control 30% of the country.
You've got to get them to pull back to Donbass, the eastern Russian-speaking provinces in Crimea.
So it's going to be tough because, you know, the Russians have a history of not retreating from where their tanks end up, right?
I mean, World War II, that's how they took Eastern Europe and all the Marxists and communists and KGB agents in the State Department and FDR's White House.
Basically accommodated him.
How tough should President Trump be on meeting Zelensky?
Because Zelensky is sitting there today saying, hey, no territory will give up at all.
I realize it's a negotiating position, but it's so insane where we are with a million dead.
And President Trump read it yesterday, a million dead or wounded Ukrainians.
So which is it?
Do we cut bait now, or do we stick around and try to give them the best deal possible?
james rickards
I would say the best deal possible is the same as cutting bait.
In other words, why should Putin – put yourself in Putin's position.
Why should Putin give up any territory?
They fought for two and a half years.
The war is continuing.
They've suffered somewhere in the six figures, but who knows how many dead.
By the way, if it were 700,000 Russian dead, which is the number being thrown around, I mean – Russia would be, you know, the people would be up in arms, and they're not.
So to do that, I wouldn't talk to Zelensky.
I would go straight to Putin.
I would sit down, whether it's, you know, back channel or a summit meeting, whatever.
And then I would strike a deal, and then I would tell Zelensky, this is the deal.
By the way, fighting for democracy, Zelensky's term, he was elected.
His five-year term expired last May.
He's been a military dictator, so we're not even fighting for democracy.
He's a military dictator.
So I wouldn't even include Zelensky.
I would talk to Putin, cut a deal, cut bait, as you put it, and then just tell Zelensky, here's the deal, and if you don't like it, go to your house in Miami or Dubai.
dave brat
I agree with everything James just said, and I'm going over there to talk.
I think the Ukrainians are already—I'm speaking on a panel on— Ukrainian regional economic growth.
And the regional part is a giveaway.
All the IMF, the World Bank, the USAID set up after the World War II and the Bretton Woods liberal world order.
Originally, they had technocrats with brains in their head.
Now they got the CIA running the world and chopping everybody up in pieces, right?
And U.S. senators are scared to talk.
So I'm going to encourage the Ukrainians to choose the free market system to focus on capital and getting an engine going.
We've done that in Africa and around the world, these elitist institutions.
Instead, they did virology experiments, green energy experiments, anything to enrich the elitist West, the Europeans, but nothing to help these countries become independent and to achieve modern economic growth.
And that's what they need to do.
And on top of that, the Ukrainians are a hugely Christian country.
They had a prayer breakfast.
They prayed to Jesus with their military and president and everybody present.
So they got their heads on straight, but the West has been putting undue pressure on them.
And I'm going to go over and try to sort out some of that.
steve bannon
They're trying to co-op, Brad, but I'll get his mind right.
Jim, we're going to break here and stick around.
We're going to talk about the financial situation, capital markets.
We've got Brett.
Who's on the short list over at Treasury, I guess.
Now that Jason Trenner's gone, Assistant Secretary for Financial Markets.
Amazing.
Jason Trenner, strategist and one of the great contributors to the show.
We've got about 45 seconds, Jim.
Where do they go to get your newsletter, sir?
james rickards
Thank you, Ed.
Rickardswarroom.com.
Rickardswarroom.com.
And we actually have our best offer here, Steve.
It's a place you can subscribe to Strategic Intelligence, our flagship newsletter.
But we have a free book offer.
It's my new book, MoneyGPT, which is basically all about AI, GPT, and the impact on financial markets and nuclear warfighting.
I saw the other day, Los Alamos is getting getting A.I. installed from OpenAI.
Just read read chapter four of my book and you'll see how that can end up.
But Money GPT is the book.
Free copy when you subscribe to Strategic Intelligence.
Rickardswarroom.com.
steve bannon
Jim, you stick around.
We're going to talk, in fact, Johnson's been, after the conference, getting lit up by the press, he said a few words about Elon Musk and what Doge is doing.
We're going to talk about Doge.
We're going to talk about capital markets.
We're going to talk about cutting spending.
Are we kidding ourselves?
I got three of the best.
Jim Rickards, Dave Brat.
I guess I gotta throw myself in.
Where's Trenert?
Trenert, come back from Treasury.
I need a third.
Short commercial break.
We're back in the warm in a moment.
unidentified
Okay, the engine room.
steve bannon
It's on fire.
Remember, we have about 25, I have 25 very smart people that text me during, the engine room, and they always got great comments.
They tell me to focus on what I'm, number one, a great comment from the engine room.
And this is a very experienced operator.
This is for Jim Rickards.
A guy I work with quit the CIA after 23 years when he told me, this is my colleague, quote, I knew I had to leave when I was lying to my mother.
And I didn't have to.
Jim Ruggins are trained alive.
Also, the engine room, and I say this, Captain Fennell's talent just told me, tell Brat, taking the fight to the commies over at the Atlantic Council, fight, fight, fight.
dave brat
Go, Fennell.
Good.
steve bannon
You're bringing the gospel truth over there to a bunch of secular, atheists, humanists.
dave brat
Yep.
steve bannon
Selling America out.
That's the global.
That's Davos.
The Atlantic Council is Davos thing in America.
dave brat
I'm going to give them a little Switzerland.
Johnny Calvin.
We'll see how they like that.
steve bannon
That's old school.
That's old school.
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Non-state actors and state actors.
Particularly if they know you're watching the show.
Just kidding.
Do we have Johnson?
Okay.
Here's what I want to do.
The free offer for strategic intelligence, he's throwing in a book, as only Rickards can do.
Rickards got me when he wrote Currency War back in, I think, 2010 or something, this after the crash.
Money, GPT, AI and the Threat to the Global Economy.
Now look, Jim Rickards, as you can tell, he's got a few scars on him.
He's been around the block.
He's not a kid.
He's not one of these doge engineers.
And listen, on one level, what Elon is doing is terrific because he's got them on their back foot.
He is in there looking at the plumbing.
And I think telling the president, here's how the system works.
He's identifying opportunities.
He's taking down big things like, you know, USAID is a cutout of the CIA. It's been financing bad stuff against the American people, including, as we proved yesterday, these NGOs and the invasion of the United States.
But AI is going to come into this, and I want to go to Speaker Johnson's first, his response this morning, then bring Rickards in.
unidentified
Is there an inconsistency by Republicans, on one hand, where we've heard years now, oh, we want to not have unelected bureaucrats in charge of things downtown, and yet ceding Article I powers to the executive branch under Elon Musk.
Is there not an inconsistency about calling for the elimination of the Department of Education, and yet we've heard from some of our colleagues here this morning, you know, we don't want women to be playing sports with men, and aren't you ceding back that power then as it pertains to education, if you eliminate the Department of Education?
No, look, I've got to challenge the premise of the question, Chad.
You know me.
I'm a fierce advocate and defender of Article I. I mean, look, we are the legislative branch.
There's a reason the Founding Fathers put the Congress, the legislative branch, as the first article in the Constitution, and we're going to vigorously defend that.
But what's happening right now, I think there's a gross overreaction in the media to what is happening.
The executive branch of government in our system has the right to evaluate how executive branch agencies are operating and to ensure that not only the intent of Congress in funding mechanisms, but also...
The stewardship of precious American taxpayer dollars is being handled well.
That's what they're doing by putting a pause on some of these agencies and by evaluating them, by doing these internal audits.
That is a long overdue, much welcome development.
That's what the American people demand and deserve.
And that's what's happening.
So we don't see this as a threat to Article 1 at all.
We see this as an active, engaged, committed executive branch authority doing what the executive branch should do.
steve bannon
Before I go to records, explain to the audience, particularly some of our new viewers, Article 1, Article 2, And why this is now getting to be an issue, and Johnson takes the high ground right there defending Article 1 in the legislative.
dave brat
Yeah, I'm glad to hear him say that, right?
We've been critical here on the War Room of the House and the Senate and the budgeting process and the $7 trillion Nancy Pelosi woke and weaponized and Paul Ryan and McCarthy.
And these changes are long overdue.
So now they're coming from the executive branch, right?
And so the congressional branch, right, Congress is closest to the people.
So that's key.
steve bannon
Well, the House of Representatives.
dave brat
The House of Representatives.
steve bannon
That's the House of Commons.
dave brat
And part of this, I hate to say this as a populist, but part of this goes to the American people.
If you keep putting in Congress members who vote for $7 trillion budgets, sooner or later the moral case comes down on the American people.
Keeping these people in.
You've seen the USAID. Joni Ernst is scared of USAID. So Mike is saying, hey, the executive is doing what they do.
steve bannon
You pointed out every day on the show, Trump is the CEO. He has full authorization to designate OMB to have an advisor like an Elon Musk and Doge to go through and look at all this.
Is that stepping on?
When they're talking about shutting down and they've frozen out people at USAID out of the building, is that stepping on?
dave brat
No, no.
And the USAID, for example, since it's all the hotlines, right, that's going under the State Department.
The State Department is under Rubio, and that's under President Trump.
He's a secretary under the President of the United States.
The left has just been good at steamrolling us.
They basically do what we're doing now to us every day.
They take ground.
They move down the football field for the last 30 years.
They've taken everything.
In God's out of the school, there's no ethics in this school, right?
So people get on my case about the Judeo-Christian West and all that kind of thing.
I don't care.
We got nothing into public schools right now except the 12% literacy rate in downtown Chicago.
So we need every audit.
The Federal Reserve needs to be audited.
My good friend Thomas Massey is all over that thing.
I hope they audit the Federal Reserve.
I hope they audit this Ukraine funding.
Totally out of whack.
Everything we're seeing from all of our major institutions have failed us.
steve bannon
You hope they do a lot of stuff, but are they going to do it if the Article 1, if Doge is sitting there in steam?
Do you believe, yes or no, that Doge is steamrolling the rights and privileges of the legislative branch?
dave brat
Not at all.
And the legislative can speak up if they feel that way, but they're not.
steve bannon
Jim Rickards, your thoughts on what Elon Musk is doing at Doge, and then I want to tie it back to what you just wrote in MoneyGPT, sir.
james rickards
First, I agree with Dave.
I think the Trump administration has been very attentive to the Constitution.
For example...
With regard to the Department of Education, they said, yeah, we may need an act of Congress to actually abolish the Department of Education, but that doesn't stop us from ending programs, ending disbursements, firing people, etc.
So, you know, and then Doge was given the authority.
Doge is an agent.
They're not actually going to shut things down.
They identify things, and then the appropriate officials do it.
So, you know, I have to be a lawyer.
I think they've been very attentive to the law, and I don't think they're running over.
over the Constitution at all?
steve bannon
I want to go back to MoneyGPT.
Axios is reporting today that what Elon Musk, and particularly his junior people, they're going to infuse a lot of artificial intelligence into the systems.
They're analyzing the systems of OMB, which I think they've already let people know are fairly inefficient, not as efficient as people thought to manage or to oversee how the money goes programmatically.
Then on the checkbook side, I think they're also telling people they think this is relatively rudimentary about how checks are written.
There's a lot of things about being auto-pay.
Maybe checks going to – and I don't know this is a fact.
I'm saying what people are saying, that maybe going to places don't even exist.
Is this any more programs?
So it looks like they're going to, in the entire reworking of the federal government and their analysis, Jim, it's to infuse artificial intelligence elements into the system.
Now, if I read MoneyGPT, I might say, yo, maybe we ought to think about that, because you're not particularly – you're not high-fiving having artificial intelligence really into the capital markets like it looks like it's coming, sir.
james rickards
The thing is, Steve, when it comes to financial catastrophes...
If I wasn't there, it didn't happen.
I've been involved in every one going back to 1974 in the Bank-Herstadt collapse.
So that's my background.
What I say about AI, I'm not anti-AI, I'm not a technophobe.
It'll do a lot of good, and I understand that.
But there's a lot of danger.
What I'm doing in the book, my new GPT, is really sounding a warning.
In particular, basically there's something called the legacy of accumulation.
What it says is that something that is a perfect strategy for an individual can be catastrophic at scale.
So if I'm in a baseball game and the guy in front of me is too tall, he's got a hat, and I stand up, I have a better view.
But the person behind me stands up, and next thing you know, the whole stadium is on their feet.
Nobody has a better view, and everyone's worse off because we're all standing up.
When you apply that to stock trading, an individual, if you have the beginning of a market meltdown or some kind of market crash, for an individual, selling your position, going to cash, going to the sidelines, can make very good sense.
And then wait it out and come back in at the bottom and make some money.
That's a good strategy.
But if you do that in the aggregate...
Everybody is selling all at once.
There are no buyers.
The markets go straight through the circuit breakers and straight through the floor.
My point about artificial intelligence is that it's already in the system.
I mean, whether we apply it to OMB or Office of Personal Management, there may be some applications there.
But on Wall Street...
It's in the system.
Financial advisors just look at screens.
They talk to you about your kids and your goals and all that stuff, but they're basically all getting the portfolio allocation from a screen, and they're all the same.
So basically, this is not a case of artificial intelligence malfunctioning.
My point is that the artificial intelligence will work exactly as it's intended.
And that's the problem, because they don't take into account human nature, which hasn't changed in 50,000 years.
But when you take human nature, which kind of wants to run and hide in a panic, and put AI on top of it, you're accelerating it and amplifying it in ways that people don't understand.
So I laid that out.
I have a whole scenario in the book.
Hopefully people enjoy it, but I think it's very clear.
And then I also talk about a few other things, censorship and bias, but also nuclear warfighting, which is another topic.
steve bannon
So you get this book for totally free when you sign up for Strategic Intelligence.
Where do people go to get the offer, Jim?
james rickards
Thanks, David.
It's at RickardsWarRoom.com.
RickardsWarRoom.com.
You'll be able to subscribe and get a free book.
steve bannon
Rickards with an S. Jim Rickards, thank you, brother, for the insights.
Strategic Intelligence.
Okay, we're going to take a short commercial break.
Dave Brad's going to be with me.
We're going to drill down a little more on this, on what we need to focus on.
Government runs out of money on the 14th.
They're already doing emergency, runs out of money legally, right?
They're already doing emergency measures over at Treasury right now to make sure we've got cash.
Because the debt ceiling has not been lifted.
Hello?
Short break.
unidentified
Here's your host, Stephen K. Band.
steve bannon
Okay.
I want to get back because this is, okay.
Signal, not noise.
I want to make sure the audience, because you're the gatekeepers, and the job you've done over the last couple of days of President Trump's appointments have just been amazing.
Mainstream media is blown away.
People in Capitol Hill are blown away.
But the intensity of the war and posse, the turning point crowd, Article 3, Mike Davis.
Others using Bill Blaster or just good old-fashioned calling him up, as they call, have been extraordinary.
And Dave Brett, you know how much that works.
And this has gotten President Trump's bonding.
And by the way, if Pam goes into the Oval, they do a press avail.
Let's kind of cut to that if we got it.
Brian Glenn's over there right now.
Natalie will be there this afternoon.
Tons going on.
So we hit the debt ceiling right away because this is how Biden...
The Secretary of Treasury was gun-decking everything to turn over to Scott Bessent, Yellen.
So we've hit the debt ceiling, and now he's using emergency measures, which I think are fine because cash comes in and you pay cash out.
Speaking of cash, Tax Network USA, they're going to come and get their money.
If you got a letter from them, and I tell people this, you got a letter, do not put it in the drawer.
You put it in the drawer.
The penalties don't go away.
The fees don't go away.
The interest rates don't go away.
Talk to Tax Network, TNUSA.com.
Go there right now.
Check it out.
Contact those people.
They'll give you a free analysis to see if they can help you.
If they can help you, they can get in and negotiate and maybe lessen the debt burden, maybe cut the interest rates.
You don't know.
It's all kind of possibilities.
It's upon you to talk to them.
But if you've got them in the drawer, that's getting bigger and bigger and bigger every day.
Tax Network USA slash Bannon.
Can I get my clock there?
Kind sir, thank you very much.
Got to keep these people's heads in the game.
Got Brad there.
They're so worried about getting Brad, making sure his charts and his things.
Brad's hogging the...
No, but the second part of this, that's a technical aspect of keeping cash flowing through the system.
On the 14th is like September 30th.
We've just kicked the can down the road for six months on CRs.
We got a CR back before Christmas to get to March 20th or March 14th, it turns out.
Now we're here and we're hurting up on it and nobody up on Capitol Hill is doing it.
This is why so many Republicans didn't go down to Doral.
They said they're not up here doing their job.
They're down to the conference and nothing's going to come.
To add insult to injury day, Brett, they came out of the conference and they said, We have $318 billion worth of cuts.
It turns out over 10 years.
Because they're still playing this fantasy, and they come to me all the time with Steve.
We have to do it in 10 years.
I go, yes, legally you have to do it, but stop talking to people like that.
You're treating them like idiots.
It's this year, 2025, and next year, 2026. We're in a crisis.
We need to have it, and here's what it's going to have.
You're going to get up to the 14th, and they're all going to collapse, and we're going to have Biden's budget.
From last year and a $2 trillion deficit.
And this is on us.
We've had plenty of time to do this.
Dave Brett.
dave brat
Yep.
I've been urging the House to run on a contract forever, making some promises.
They never want to put anything down in writing.
Back when I was in 2019, the budget was roughly $4.5 trillion.
Now it's $6.5 trillion.
So somehow we're spending $2 trillion more, right?
So as with the Federal Reserve System, John Taylor, the genius monetary theory following Friedman, is in favor of rules versus discretion.
We need to put rules back on the House that, hey, you guys either go do a budget or constrain yourself to a trillion-dollar deficit maximum, right?
Put a rule in law that if you don't hit it, It's just 10% across-the-board cuts or whatever it takes to get to a trillion-dollar savings.
Congress needs to constrain themselves.
We're stealing from the kids.
It sounds like a trite phrase.
We're putting the kids, your kids out there listening, are going $2 trillion in debt.
The deficit is $2 trillion a year.
And then we have the nerve to call that government spending and economic growth.
That counts in the economic growth numbers, the amount of debt you're in to your rich uncle.
No family can survive that way.
No business can run a business that way.
And yet Congress is just not responsive to the American people.
And it is tough.
The Republicans are competing against Santa Claus, right?
They just – there's no end to modern monetary theory like Steve talks about every day, to the endless fiscal spending.
steve bannon
But you can see it – listen, because you're not getting enough pay.
You can see when the corporations – when they went to the OMB – Assessment of where money, you know, slow down, let's stop for a moratorium, let's just slow down, find out where money is.
The congressmen down at Doral are getting blown up because all the constituents are sitting there going, hey, vendors and people like the Meals on Wheels.
Right, right.
This is, it's, the money's everywhere in every congressional.
Their heads blew up just on seeing where the money is.
What's going to happen when you have to cut?
dave brat
Well, where's the speaker and the Senate Majority Leader out?
We're talking, getting the young kids on board.
They're not going to have Social Security.
It's bankrupt in 12 years.
Medicare is bankrupt in 12 years.
Every force in economics or budgeting has a countervailing force of real people.
So you've got the NGOs who are supporting an illegal invasion of our country, right, across religious institutions.
The American people, if you educate them and grab the bullhorn, They will choose the side of the kids.
The liberals always used to use the kids.
It's always about the children.
They'd blow us out of the water on that kind of stuff.
And sometimes, maybe rightly so.
We need to use the kids right now in the right way, in the moral way.
We're ruining their futures in the United States of America.
And so that's why I focused on getting the engine going again.
These main things, these main drivers of productivity.
And I'll just close that one minute, a funny anecdote on AI, artificial intelligence.
It's getting all the news and all this kind of stuff right now.
The head of productivity in the country, Robert Gordon at Northwestern, probably a Democrat.
For the past 50 years, has productivity going down for the past 70 years.
Productivity in the United States going down for 70 years in a row.
CBO has it going down for the next 30 years.
That's why I'm emphasizing the meat and potatoes, capital, human capital, technological growth.
If we don't get that, he was asked, Robert Gordon asked, back in the dot-com bubble, you know, these cell phones are going to solve the world's productivity problems.
Hey, Bob, don't you see...
Technology everywhere, his response, and his response, I think, already to AI is, yeah, I see it everywhere except in the data.
The rich guys, the big financial firms, they can use it.
They can program big data.
It's very expensive to train in your big data models with AI intelligence.
The middle class can't do that.
So how are you going to embed this in small businesses?
And once again, the rich get richer.
The middle class pays for it while AI puts you out of work.
And so I think Rickards had it right.
steve bannon
Talk to me about...
Going down to the 14th, what needs to be done now that we're in, I don't know, five weeks, six weeks?
The appropriations bills are not done.
You have the people in the Senate right now, and even Murkowski and these guys, saying, what are we going to do here?
We can't go back to our constituents and said we didn't do any work over the last, really, year.
Folks, you've got to remember, this is Biden's, this was the CR. Kicked in before around September 30th.
This is off of Biden's numbers.
We went down before Christmas.
Not done yet.
They said, let President Trump get his hands on it.
That would be the Scott Bessons and the Russ votes.
They're slowing down Russ's.
They're moving through with Russ, but they're trying to slow down Russ as much as possible.
Pam Bondi, I think, just got sworn in, even as we're talking here in the war room.
What has to happen?
Because you're seeing frustration.
Twitter's blowing up with people in each other's faces saying, hey, nothing's getting done.
The reconciliation thing's way off track.
Byron Donalds just said, hey, look, I think the Senate's got the idea.
We have no leadership in the House.
It's crabbed sideways.
And Byron Donalds came out and just saying what the worm's saying, he says it's got to be two.
And the Senate's ahead of this.
We're not doing anything.
It's total confusion.
And the reconciliations are different than funding the government.
The funding of the government, the budget has got to be done.
It's got to be done by the 14th.
Or here's what they're going to do.
A one-year CR. And we're better than that.
Right?
That's essentially off of Biden's numbers.
So what is your advice to the House right now and to the White House?
Because each is pointing the fingers at each other.
Some are saying, you know, the White House is not giving guidance.
Others are saying the House is not doing their job.
President Trump went to drought.
It was very specific.
He went down there, gave a talk.
We covered it live for an hour and ten minutes, talked in depth about many topics, but never mentioned reconciliation.
And then later, the media pressed him and said, hey, look, I want one big, beautiful bill, but I'll take two.
It's their responsibility, right?
I want them to do it.
I want them to come to me.
dave brat
Yeah, no, the answer, unfortunately, is political.
The answer is not the budget.
Russ Vogt is brilliant.
He wrote $1.7 trillion in cuts a year or two ago.
He went line by line by line through woke and weaponized.
So there's your rational part, right, your wonky part.
That didn't do anything because if there's not a political will or a force or focus...
It's not going to happen.
And so, you know, the whole weight of the world is on Trump and now Doge and all these guys, and they're doing phenomenal work.
Does it have to come down to Trump again?
We've had speaker contests since I got in.
And the new speaker always promises, I'm going to get 12 bills done ahead of time.
And just to take the burden off the House a little bit, the Senate has been completely worthless over the past, since I've been watching it close for 10 years.
The Senate hasn't done any of Probst's bills, right?
And so they need to solve the political issue, not the budgeting issue.
steve bannon
Let's go live to Pam Bondi and see if we can blow the break.
Let's go.
Live to the White House.
donald j trump
Hello, everybody.
This is a great honor.
And a real privilege.
I'm thrilled to be here today with our nation's next incredible, and she will be incredible, Attorney General of the United States, Pam Bondi.
And I want to congratulate Pam.
She's worked hard, so hard, and unbelievably fair and unbelievably good at law enforcement.
I just want to congratulate you.
very special person and I'd also like to thank Justice Clarence Thomas and his incredible wife who's here someplace there she There she is.
Incredible, highly respected wife, too, I will say.
I remember a couple of years ago, a little bit more than that, toward the end of my first term, I was introducing a lot of people at a big event, about 5,000 people, in your biggest ballroom.
You know what that is?
and they were getting a nice smattering of applause.
They were very important people.
And then I introduced Justice Clarence Thomas.
The place went crazy.
And it was then that I realized that you are a very popular guy and respected guy.
So thank you for being here.
It's an honor and a great honor for Pam.
Thank you very much.
Pam was a career prosecutor for nearly 20 years and was one of the toughest and smartest and best and most successful attorney generals in the history of Florida.
And I think, I put it out this morning, I think she's going to end up going down as the most successful, or certainly one of the most successful attorney generals that this country has ever had.
I really believe that.
I know her well.
A lot of people in Florida, if you're in Florida, you know her well.
And it was all good.
It was never a problem.
No problem.
As a prosecutor, she locked up drug dealers and gang members and human traffickers and was waging war all the time on the pill mills, they called them, that fueled the deadly opioid crisis.
And she did better than anybody else.
It was nobody like her in the country.
She also won over $50 billion in lawsuits for the victims of financial fraud and devastating Deepwater Horizon oil spill, which was brutal.
And she was the leader of that whole The deal getting that people taken care of.
As Attorney General of the United States, Pam has a historic and urgently needed task ahead of her.
And probably there's never been a time, Clarence, that's more important than right now.
We went through four years of not such good, not such good work in many ways, not just, not just with the president, at other levels also with the president, obviously.
She's going to restore fair, equal and impartial justice and restore the constitutional rule of law in America.
She will lead the Democrats.
You know where they're going to play.
She's going to lead them right down.
But I think she's going to be as impartial as you can possibly be.
I know I'm supposed to say she's going to be totally impartial with respect to Democrats.
And I think she will be as impartial as a person can be.
I'm not sure if there's a possibility of totally, but she's going to be as total as you can get, Gianni, right?
But she's going to be fair, and she'll lead the Department of Justice in crushing violent crime, demolishing the gangs, which are all over the place.
If you look at New York, if you look at Chicago, if you look at Los Angeles, which is half burned down, unfortunately, because they didn't have the water and they didn't have what they were supposed to have.
Destroying the terrorist cartels is going to be a very big priority for Pam, and that leads to crime, and it leads to a lot of drugs.
So she's going to take care of it, and she'll stop the invasion of our country and get fentanyl off our streets.
And we're going to be working with her very closely.
Christine Holm and Tom Holman and all of the people are going to be working very closely with Pam.
She's going to end the weaponization of federal law enforcement and restore honesty and integrity at the DOJ and the FBI. She's going to be working with cash and she's going to be working with a lot of other people that you've been reading about, writing about over the last few weeks.
The role of attorney general comes with immense responsibility, but I have absolute confidence that Pam will fulfill her duties with honor and courage and strength and fairness.
She's going to be fair.
She's going to be very fair.
And now I'd like to invite Justice Thomas to administer the oath of office, and thank you all for being here.
It's a great, very important day, I believe, in our country's history.
Thank you very much.
unidentified
Thank you.
Against all enemies, foreign and domestic.
that I will bear true faith and allegiance to the same.
That I take this obligation freely.
Without any mental reservation.
Or purpose of evasion.
And that I will well and faithfully discharge the duties of the office on which I'm about to enter.
pam bondi
Discharge the duties of the office on which I am about to enter.
unidentified
So help me God.
pam bondi
So help me God.
unidentified
Congratulations.
donald j trump
So I just want to introduce her very, very handsome husband.
I hate being around him.
He looks too good.
And he's been a tremendous factor with Pam and just a beautiful relationship.
Who's here?
And mother, look how good you look, huh?
Look how good.
So I just wanted to introduce them.
And Pam, have fun.
pam bondi
Thank you, President.
Thank you.
Thank you, President Trump.
I've known you for many, many years, and I will not let you down.
I am truly honored that you have asked me to take on this role, and I will make you proud, and I will make this country proud.
And I just want to thank...
All of my friends who are here today, my dear friends and my family, my mom, my husband, my pastor Aaron Burke is here, so many of my good friends and my colleagues.
So thank you all so much and I will restore integrity to the Justice Department and I will fight violent crime throughout this country and throughout this world and make America safe again.
Thank you.
unidentified
Thank you very much everybody.
donald j trump
Thank you.
It was a great day.
unidentified
Can we ask about your gospel proposal?
A lot of people are talking about it, obviously.
donald j trump
Everybody loves it, but this is just not the right time.
But we'll maybe do something later.
This is a very important and, in my opinion, solemn occasion.
So I don't think we want to talk about other subjects.
unidentified
Mr. President, what is your top priority, Madam Attorney General, for this new position that you've now been sworn into?
donald j trump
Well, I can just say very simply, for me, Overall, very simple.
Make America great again.
That's what we're going to do.
We're going to make America great again.
And she's going to take crime out of the system.
As much as anybody can do that, she's going to do it.
pam bondi
We're going to make America safe again.
unidentified
Mr. President.
donald j trump
Thank you, everyone.
unidentified
We appreciate your reaction.
Thank you very much.
donald j trump
Thank you, guys.
unidentified
Thank you.
steve bannon
Thank you.
President of the United States with the new Attorney General Pam Bondi.
They're suing the FBI. I think the FBI officers, former Officers Association.
Anyway, it's coming in hot against President Trump on the resistance.
Al Green, who is a bomb-throwing Democratic House member, said he's going to file articles of impeachment against President Trump for...
Dastardly deeds, I think.
Had a pretty general heading.
The reason we've got to keep a watch on that is this is going to be Hakeem Jeffries running.
They're already up on President Trump immediately.
And you see, you know, most of this is absolutely incomplete and total nonsense.
Do I have Mike Lindell?
Mike Lindell, the President of the United States just left the stage.
I thought he was going to talk the whole way.
We were going to wrap up the show by tossing the President to Charlie Kirk live, but he kept it to a few remarks.
He swore in Pam Bondi.
One of the things I will tell you folks is that things on the mass deportation are a little bit slower than I think.
The optics are great, but slower than President Trump wanted because the Attorney General was not in there.
Now you get Pam Bondi.
She's ready to roll.
Things are going to heat up there.
I think you're going to see a lot more on the mass deportations, a lot more on the criminals.
Pam Bondi is not going to tolerate.
Pritzker and the mayor of Chicago keeping bad hombres in jails and not turning them over to ice.
Pam Bonney will be on offense.
She just said, I'm here to make America safe again.
Mike Lindell, your thoughts, brother?
mike lindell
I love it.
I just congratulated Pam and text her.
She is going to be awesome, Steve.
As long as I've known her and she's got the country, she's got the people, she's gonna do great.
And I'm very proud of her and what she's gonna do and what she's already done.
She's accomplished so much in her life.
But I'm looking forward to it because as you all know, one of the things that they've deemed as our elections are critical infrastructure, everybody.
That's what I'm still out doing.
And the War Room Posse's made that all possible by you guys supporting my pillow.
So when they keep attacking, I feel secure over here and I can be out over here.
We're making a big move in the next month here.
And I think having her as Attorney General, Steve, is a blessing beyond blessings.
steve bannon
Tell me about MyPillow.
What are you doing for the Warren Posse?
They love you.
By the way, Pam Bonney fought shoulder to shoulder.
She was shoulder to shoulder with us on overturning the election fraud.
She was all in.
That's one of the reasons they hate her.
Right?
She knows this thing was stolen 100%.
She fought with us.
But tell us about MyPillow.
What are you doing?
War Room Posse loves you, but what are you doing for us today, Mike?
mike lindell
Yeah, yeah.
Here's what I'm doing for the War Room Posse.
You guys got to realize we have hundreds and hundreds of products.
And all of you that haven't tried, any one of you that have done, have tried the products.
We have the MyPillow 2.0 and these commemorative cases.
This is a War Room collection.
This is a War Room exclusive.
We're doing it just for the posse.
Look at that, $9.98.
We have a strict limit of $15.
I want you all to get to the website, see what all we have there at MyPillow, and get this great price on $9.98 and free shipping on your entire order.
Promo code war room.
A lot of the stuff is still there from the mega sale.
The crosses are there to save 30% on the crosses.
You guys love that?
I'm not gonna take away from that from the posse.
On all the specials there, but you guys gotta get these commemorative pills, $9.98, free shipping on your entire order.
And you see, you've got all these products.
You guys can spend hours there.
Everyone says, Mike, we're supporting my pillow.
I have all your products.
We've got over 200, I think over 300 products.
So you guys, I can't thank you enough for your support during this time.
You guys have all responded, but I want to get everybody involved by giving these pillows out, the War Room Special Commemorative Pillows, $9.98 and free shipping.
So everybody go over there and see what we have in MyPillow and take advantage of this because it's our gift to you guys.
Steve, I wouldn't be here without the posse.
steve bannon
We're going to see you back here at 5. MyPillow.com promo code WARROOM. Thank you for these specials.
mike lindell
Appreciate you.
steve bannon
And also the free shipping.
The Doge subcommittee, chaired by Congressman MTG, that would be Marjorie Taylor Greene, is in session.
It's a complete chaotic brawl as the Democrats lose their mind over what Elon Musk is doing to rewire.
The United States government.
We're going to have clips from that at 5 and maybe have some of the participants.
Charlie Kirk picks it up at noon.
Jack Posobiec at 2. We're back here from 5 to 7 tonight.
Natalie Winters will be joining us from the White House.
It's going to be on fire.
We're going to leave you now with the right stuff.
Make sure also, Birch Gold, gold at another all-time high or near all-time high.
Check it out.
Find out the reasons why.
That's what you need to do.
It's not the price.
It's what's driving the price.
That's Philip Patrick and the team.
unidentified
They'll give it to you straight.
steve bannon
Birchgold.com slash bandit.
Go check it out today.
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