Speaker | Time | Text |
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We're in 20 minutes today in the cabinet room in kind of a question-and-answer press conference. | ||
Today, he's doing executive orders. | ||
I think it's been pushed to 5. We'll have it up probably at 5.30 or 6. He's just dominating the information war here. | ||
I think it's fantastic, and I think we can expect a lot more to Caroline Levitt and that team going forward. | ||
unidentified
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Looks great. | |
Looks great, Steve. | ||
unidentified
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I'll hand it off to you, and as always, folks, if you want to learn a lot about everything, watch The War Room with Steve Bannon. | |
Thanks, Steve. | ||
Eric, thank you so much. | ||
Honored to do this. | ||
Okay, we're going to be going to the White House momentarily. | ||
Big afternoon at the White House. | ||
Also, Jeremy Brown was released this afternoon, and we're going to go to Jeremy Brown's lawyers. | ||
Let's go ahead and play. | ||
Let's bring the show in, and then we'll go to the White House and our White House correspondent, Natalie Winters. | ||
unidentified
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Our goal is not to be capricious or unfair. | |
We want to give people every opportunity to send an email. | ||
And the email could simply be, what I'm working on is too sensitive or classified to describe. | ||
Like, literally, that would be sufficient. | ||
You know, I think this is just common sense. | ||
And what is your target number for how many workers, employees you're looking to cut total? | ||
We wish to keep everyone who is doing a job that is essential and doing that job well. | ||
But if the job is not essential or they're not doing the job well... | ||
They obviously should not be on the public payroll. | ||
I'd like to add that those million people that haven't responded, though, Elon, they are on the bubble. | ||
unidentified
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You know, I wouldn't say that we're thrilled about it. | |
They haven't responded. | ||
Now, maybe they don't exist. | ||
Maybe we're paying people that don't exist. | ||
Don't forget, we just got here. | ||
This group just got here. | ||
But those people are on the bubble, as they say. | ||
Maybe they're going to be gone. | ||
Maybe they're not around. | ||
Maybe they have other jobs. | ||
unidentified
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Maybe they moved and they're not where they're supposed to be. | |
A lot of things could have happened. | ||
I wouldn't say that Biden ran a very tight administration. | ||
They spent money like nobody's ever spent money before. | ||
Wasted money. | ||
The Green News scam, all of the different things they spent money on. | ||
And you've seen that. | ||
You've seen that with... | ||
Some of the things that I read in speeches, I read them and people can't believe when I read them. | ||
$20 million here, $30 million here for, you know, a little educational cost on something. | ||
Circumcision, right? | ||
Circumcision. | ||
$20 million to inform the people of such and such a country on other things and other things other than that. | ||
So, yeah, those people are... | ||
Right now we're trying to find out who those people are that haven't responded. | ||
unidentified
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I have a question. | |
Back on these cuts to the federal workforce. | ||
You mentioned you're interested in doing another round of this email. | ||
When would you like to see that? | ||
What would be the deadline? | ||
And this time, would it be mandatory? | ||
I think Elon wants to, and I think it's a good idea because, you know, those people, as I said before, they're on the bubble. | ||
You've got a lot of people that have not responded, so we're trying to figure out, do they exist? | ||
Who are they? | ||
And it's possible that a lot of those people will be actually fired. | ||
And if that happened... | ||
That's okay, because that's what we're trying to do. | ||
This country has gotten bloated and fat and disgusting and incompetently run. | ||
I think we had the worst president in the history of our country. | ||
He just left office. | ||
I think he's a disgrace what he's done to our country by allowing millions of people to come into our country like that. | ||
And all of the other things, the inflation, which he caused because of energy and stupid spending, to spend... | ||
Hundreds of millions, trillions and trillions of dollars on the Green News scam. | ||
A total scam. | ||
I have the best energy people, the best environmental people in the world around this table. | ||
And they can't even believe he got away with it. | ||
And then in leaving office to send $20 billion here and $20 million there and $10 million and $5 million. | ||
And they couldn't spend the money fast enough. | ||
And let's get it out before Trump gets in. | ||
Let's just get it out to anybody. | ||
This is a disgrace to our nation and you don't write the fair thing, but... | ||
Look, you know the good news? | ||
The people see it and that's why we won the election by so much. | ||
unidentified
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So they have time to figure this out. | |
And my guess is that there's going to be a combination of a lot of creative accounting tricks. | ||
There's going to be a combination of nipping around the edges at some of these programs. | ||
I think they're probably going to try and argue that the doge cuts are going to allow them to implement these tax cuts. | ||
There's going to be a lot of creative ways to present this budget bill in a way that attempts to accomplish all the goals that they're looking for. | ||
The exact form and fashion of how that actually comes out in the wash is yet to be determined. | ||
But that, I think, is almost a secondary conversation to what the focus should really be here over the next couple of weeks. | ||
And that's the existing government funding structure, which right now is in real danger of not being reauthorized. | ||
I mean, we're less than a month away from a funding deadline, and that requires Democrats to participate. | ||
They have to get 60 votes in the Senate in order to make that happen. | ||
I mean, we're barreling towards a government shutdown. | ||
All the focus is on reconciliation. | ||
But at that point, that really doesn't matter as much as getting government funding extended in the near future. | ||
And Democrats, there have been lots of sort of national security. | ||
Norm shattered. | ||
Comey had been fired as well. | ||
But people weren't feeling that, right? | ||
COVID is years away. | ||
They weren't feeling the mismanagement. | ||
And I take your point about what Musk is doing is at Trump's direction. | ||
I think that's right. | ||
But I think what's extraordinary about this go-around is that Trump has greenlit damage to the American people in a way that, you know... | ||
Again, he at least seemed to try to, in his own mind, obsessively shield his people from harm the first time around. | ||
unidentified
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Yeah. | |
And, you know, what's going to happen when Elon Musk goes into ATF and wants everybody's gun information? | ||
You know, we've got people in my state that fought real ID because they didn't want the government. | ||
To have a real ID on them. | ||
And now these same people are supporting the president who's letting this private citizen, richest man in the world, get all of their personal information. | ||
And frankly, the other thing about this, Nicole, that we've got to talk about is the lack of transparency here. | ||
The only way people are hearing about what he's doing is on his privately held company. | ||
The head of advertising, the head of X. Actually threatened advertisers a few weeks ago. | ||
The Wall Street Journal covered it. | ||
She said to the advertisers, you know, you better get on board or else. | ||
So you've got this guy leveraging a private business that he was way underwater with. | ||
Now the only way we can find out about how the government is taking our private information and firing people that impact our lives is through his private company? | ||
How is that done in America? | ||
And how can voters approve of that? | ||
I just think we need to spend more time on how they're doing this in the dark, except what Elon wants to put out on his company's websites. | ||
This is the primal scream of a dying regime. | ||
unidentified
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Pray for our enemies, because we're going medieval on these people. | |
I got a free shot at all these networks lying about the people. | ||
The people have had a belly full of it. | ||
I know you don't like hearing that. | ||
I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
It's going to happen. | ||
And where do people like that go to share the big line? | ||
unidentified
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Mega Media. | |
I wish in my soul, I wish that any of these people had a conscience. | ||
unidentified
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Ask yourself, what is my task and what is my purpose? | |
If that answer is to save my country, this country will be saved. | ||
unidentified
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War Room. | |
Here's your host, Stephen K. Bannon. | ||
Here's your host, Stephen K. Bannon. | ||
Action today on Capitol Hill on the Doge subcommittee. | ||
We covered them both this morning. | ||
We'll have clips for you during the next two hours. | ||
Just some logistics and housekeeping. | ||
Let's get out of the way. | ||
The president was supposed to be signing executive orders and having another press avail at 3 o'clock. | ||
I think that's been bumped until 5. Hopefully when we get that on tape, we'll come right back and show that. | ||
I think the president's also going to take questions at the executive order signing. | ||
Natalie Winters is at the White House. | ||
A lot going on, Natalie. | ||
Today, I think an hour and 10, hour and 20 minutes live. | ||
Really a press availability. | ||
In the cabinet room, before he started his first cabinet meeting, and he let Elon Musk talk first. | ||
They talked Dozier a lot. | ||
President Trump kind of went on a couple of riffs there, particularly about spending as the kindling gets ready for the firestorm that's going to happen on Capitol Hill about March 14th. | ||
And everybody's now focused, since they passed the budget resolution last night, for the reconciliation, which quite frankly could be done at any time. | ||
time. | ||
I know people want to do it so the tax cuts are extended into this year. | ||
But the 14th of March hangs over like a specter over Capitol Hill. | ||
Natalie Winters, today at the White House, your observations. | ||
Thank you. | ||
unidentified
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Thank you. | |
Just absolutely glorious in terms of a mainstream media beatdown by President Donald Trump, I think after you saw the Q&A exchange today. | ||
Honestly, I don't even understand why the White House Correspondents Association would want to be in that room anymore, but I think today's historic for so many reasons. | ||
First and foremost, obviously the mainstream media, I guess I should say the legacy media, is just like a dog with a bone following this idea that Doge is something that is radically and woefully unpopular with the American people. | ||
But like we've seen in that Harvard poll, and like you can see in a lot of crosstabs from just a lot of state-by-state polling, the issue of Doge is something that is overwhelmingly supported by the American people. | ||
And there's this astroturfed narrative going on, and I'm not just talking about because all these town halls popping up that you're seeing are being bankrolled by Democrat activists. | ||
But the mainstream media is so quick to impugn, malign, and attack anything that Doge is doing, when in reality, the support among American people exists for it. | ||
And I think there's this idea that there's no transparency surrounding what Doge is doing, yet in the same breath that the mainstream media is peddling that narrative, they're also condemning and criticizing, right? | ||
Elon Musk, for showing up at today's press briefing. | ||
narrative. | ||
I mean, I don't even know how many times from all the tents just down here. | ||
But I think another very important you want signal, not noise moment coming out, not necessarily of the White House, but sort of the other side of the coin, what was going on on the Hill today at the Doge hearing. | ||
Marjorie Taylor Greene talking about a lot of this USAID corrupt grant money. | ||
They're not merely content just stopping and cutting these grants. | ||
They want to look retroactively and investigate the people who have been profiting off not just the fraud and abuse and the waste, but the intentional racketeering and decadence. | ||
dare I say, money laundering. | ||
And when I say money laundering, I think that probably brings me to my third and most important point about what we saw go on at today's cabinet meeting. | ||
Obviously, a lot, a lot of questions about Ukraine. | ||
You can sort of see it ingrained and emblazoned in every legacy media reporter's mind, the idea that President Trump is a Russian asset, so they're always trying to make him look like he's cozying up to Putin. | ||
But obviously, that's not the case. | ||
Frankly, their questions are lackluster. | ||
And Steve, I would love to get into the sort of reformation of what they've been doing in the press briefing room here. | ||
I obviously spend a lot of time here. | ||
I have a front row seat to the sort of internal meltdown that's been going on over that. | ||
But in terms of... | ||
So the summary of the cabinet meeting, I'll leave it at that. | ||
Yeah, I want to go to immediately. | ||
I'll come back to some of the details on particularly USAID and Ukraine. | ||
But I want to go Mother Jones, I guess, one of the most respected magazines and particularly investigative magazines on the left. | ||
I think David Korn is now the editor over there. | ||
They've got a major article called Meet the New State Media. | ||
And of course, you, Natalie. | ||
War Room, Real America's Voice, others, Breitbart, Boyle, other folks that we're colleagues of, take a front row seat. | ||
And I think they got a quote in here from Margaret Sullivan, the former public editor of the New York Times, saying, these are not traditional journalists. | ||
They're more like propagandists. | ||
Talk to me about the Mother Jones piece. | ||
Are we, in fact, the new state media, ma'am? | ||
And I quote, this new crop of people who have been given extremely good access are not journalists in the traditional sense. | ||
They're closer to propagandists than journalists. | ||
Now just for the audience, I want to give you a sense. | ||
I'm standing here surrounded by probably every legacy media outlet ever. | ||
So as I'm about to go on this rant, maybe just pray for me a little bit. | ||
But here's the thing. | ||
It's not just that these mainstream media outlets, these legacy media outlets, might I add, not just failing, but failed legacy media outlets, have lied to the American people for so long, covered up Joe Biden's cognitive decline, covered up the invasion at the southern border, covered up what was going on in Ukraine, covered up the Hunter Biden hard drive, and intentionally, covered up what was going on in Ukraine, covered up the Hunter Biden hard drive, and intentionally, I might add at that, not just a result of incompetence, but They never reported on it in terms of the fact-checking. | ||
The big tech axis of evil that they created to censor the American people about COVID-19, about vaccines, about election fraud. | ||
So spare me the idea that any of the members of this press corps who are standing right behind me right now give a damn. | ||
About free speech. | ||
Because they don't. | ||
They're the state media. | ||
They're the state propagandists that, frankly, the CCP would envy. | ||
All they do is carry water and carry the talking points, whether it be the intel community, the Biden regime, the Pentagon, the deep state, you name it. | ||
So spare me the performative activism. | ||
I think the White House needs to strip these people of their seats, right? | ||
They're the ones that get to choose the seating arrangements. | ||
They shouldn't even have seats to begin with. | ||
Fill it with new media. | ||
I'm so disgusted of these people and their sense of superiority. | ||
Natalie, hang on for one second. | ||
Hopefully I make it through the break. | ||
Oh, Natalie Winters. | ||
We'll let her do another mini rant. | ||
unidentified
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Bannon, B-A-N-N-O-N-9-8-9-8-9-8. | |
Investing in gold in the era of Trump, the ultimate guide from Birch Gold. | ||
Get it and get it today. | ||
Short break. | ||
Back in a moment. | ||
unidentified
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Here's your host, Stephen K. Bannon. | |
Okay, let's go back. | ||
I want to go back. | ||
So, they're all complaining now. | ||
And you see this because of the action that was taking place. | ||
I talked a little bit about it on the handover from Eric Bolling, Natalie, that the White House Correspondents Association is officially a nothing burger now. | ||
Since Caroline Leavitt and the team have taken direct control of who's going to be in the pool, why is this important? | ||
unidentified
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Heretofore... | |
You get a couple of cameras in there, you get a feed, you get a couple of cameras, but it was always the mainstream media. | ||
It was NBC News, ABC, the New York Times, the Wall Street Journal, that were in these kind of breakout sessions, whether it's on Air Force One, whether it's an Oval Office during a bilat, or whether it's in the cabinet room, and they're asking the questions. | ||
In the first term, I wanted to do what Caroline did, because every opportunity for the president, it was just absolutely screaming about Russia interference, asking the cheapest shot questions. | ||
Caroline Leavitt and the team, Terry Lobotowicz, and I really give a hat tip to both of them and to Suzy Wiles for finally a White House staff said, hey, we've had a belly full of this. | ||
We're going to have the streaming services are now much bigger, reach many more people, and they'll take it live, which we did. | ||
We took the entire hour and 20 minutes of the president, Elon Musk, and other cabinet officials were talking and the president answered questions. | ||
How big a deal is this in breaking up, which is really the state media, which is the legacy media, ma'am? | ||
Well, they actually are the state media in terms of the fact that they are on record with colluding, not just with the Biden White House, but with their sort of big tech apparatus firms in terms of censoring the American people, right? | ||
The content that they were censoring or pumping out to fact-check the people who watch this show. | ||
Where the article is that the journalists that are standing not too far away from me were actually writing. | ||
But Steve, I sort of used to think of it as like a David and Goliath situation, except in reality, we were always sort of the Goliath. | ||
We just never knew it. | ||
But I think maybe a more acute or accurate representation is it's sort of a media Thucydides trap, right? | ||
In the sense that you have War Room, the new media, these upstart outlets going against these legacy outlets. | ||
I'm sorry, by what metric are any of these outlets... | ||
Beating our show. | ||
And I don't just mean in terms of quantity of viewer, I mean in quality of viewer too. | ||
Not just intellectually, but in terms of impact, right? | ||
I always say, just ask Kevin McCarthy. | ||
But look, I think this is a wonderful first step because you can tell the sense, right, the questions that they ask President Trump. | ||
They're not to inform. | ||
The American people. | ||
They're to act like activists, just like these judges masquerade as activists. | ||
These journalists masquerade as activists, too. | ||
They're the tip of the spear when it comes to the resistance. | ||
And all that they're trying to do is set President Trump up to take the bait to create this narrative. | ||
I overhear them talking, collaborating and colluding to come up with certain narratives, right? | ||
That's their intention. | ||
Now, they also control the seating, right? | ||
When you watch the briefings, the people who are sitting in those chairs. | ||
I would advocate, and I'm not just talking selfishly, but I would say... | ||
You need to reorient who's sitting in those chairs as well, right? | ||
Caroline Levitt said, we want to hold outlets that lie accountable for their lies. | ||
Okay, Politico lied about the Hunter Biden hard drive. | ||
Why are they still sitting in one of the front, if not two front rows, being able to ask questions, right? | ||
It's time for accountability. | ||
I know we aren't allowed to say the word retribution and saying that in earshot of any of these people. | ||
Who knows how that's going to end for me? | ||
But this is not retribution. | ||
It's justice for mainstream media outlets who are state propaganda that have lied to us for decades. | ||
You just I think you're trending already. | ||
You said strip them of their seats. | ||
Go back and make the case for that. | ||
I mean, it's a pretty hardcore throwdown. | ||
What do you mean strip them of their seats? | ||
I think that's going to go viral here. | ||
We're going to push it. | ||
What do you mean by that? | ||
And make your case. | ||
unidentified
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What's your justification of that? | |
Well, through the paradigm that the White House has set forth, they said we will hold outlets accountable for their lies. | ||
And if lying about the Gulf of Mexico, Gulf of America was enough to get the Associated Press ripped out of the Oval Office, then every single legacy media outlet in there, that is child's play compared to the lies that they have propagated against the American people. | ||
And I'm not just talking the marginal fact checks about the efficacy of, you know, COVID vaccines or election fraud. | ||
All of these outlets, even if you want to start the clock at 2020, covered up the most massive national security I missed any of you guys writing the story about Joe Biden being so out to lunch that nobody from his own team could even reach him. | ||
These media outlets are not asking questions to inform the American people or help President Trump communicate his agenda in the same way on record they did with Joe Biden. | ||
All they are doing is acting like activists. | ||
For example, that chick who wrote the story saying that we are state-funded media, I went through all of her old tweets. | ||
She was advocating saying that people should, quote, steal from the Trump hotel. | ||
She says all these things that she would love to watch someone physically assault Trump, okay? | ||
These people are deranged Trump. | ||
Anti-Trump activists. | ||
And I don't know why we have to performatively treat them as journalists. | ||
They're not. | ||
Everything that they're doing in there is actual collusion. | ||
And I think that we can break it up. | ||
And frankly, it's not like we're saying they can't have access. | ||
But let's have a contest in terms of viewership and impact. | ||
Because we would trounce them every time. | ||
Last time I checked, Steve, Joy Reid, can anyone watch her show tonight? | ||
I don't think so. | ||
RAV is only expanding. | ||
All the outlets in here, Gateway Pungent, OAN, Daily Wire, Daily Signal, they have too much money, too much viewership to know what to do with. | ||
So they have no reason for being there other than lying. | ||
And the powers, all the platforms and streaming services, including RAV, we're showing these live. | ||
I mean, we took it all a day, went to the Charlie Kirk show. | ||
As soon as we get the... | ||
Oval Office of Executive Waters will be doing that. | ||
And I tell people the reason is you're seeing living history. | ||
I have never seen the mechanics of a White House actually on full global display. | ||
President Trump grinding through this. | ||
It's pretty amazing. | ||
And a great civics lesson to everybody. | ||
I think all the kids' homeschoolers will just sit here and watch the president during the workday at the White House. | ||
Before I let you go, I've got to go back to Capitol Hill. | ||
Hit rewind on what you said about Marjorie Taylor Greene. | ||
This is so important. | ||
Because we've been on this jihad against USAID for many years, but we're always blocked by the rhinos that would never let anybody get into the details. | ||
This was just not the Democrats. | ||
This was also the kind of neoliberal, neocon rhinos that would not let us drill down on this, protected it. | ||
And Marjorie Taylor Greene's subcommittee, which was kind of contentious, the Democrats were giving as good as they got. | ||
But what does she say about the information we're going to find? | ||
It's not just about this year. | ||
They're going to go back and start drilling down on previous years, maybe even start talking about money laundering, ma'am. | ||
Yeah, the so-called fiscal hawk rhinos who did what? | ||
Nothing about USAID or any of these bloated government agencies for decades. | ||
By the way, Steve, you know how it's a buried lead. | ||
The real tell Politico of the entire hearing, the little snippet that they summarized and put on their main story had to do with this whole idea that Marjorie Taylor Greene had announced, that they wanted to sort of retroactively look into who was actually receiving these grants. | ||
In other words, sort of like the auditing of the Ukraine aid, right? | ||
It's not just about, oh, did the money actually make it? | ||
No, no, no. | ||
Who on the American side benefited from it? | ||
Who on the foreign side benefited from it, too? | ||
But I think these people need to show us a paper trail of what they actually did with these sums of tens of millions of dollars. | ||
And that was what she was getting into at the hearing today. | ||
And that's how you know that's the real reason, right, that they're really melting down. | ||
You see it with the Covington and Burling getting their security clearances revoked. | ||
Actual retribution. | ||
And the sort of, I think, it presupposes the idea, right? | ||
We say we want transparency and accountability. | ||
They automatically make the connection that that's somehow retribution. | ||
That's sort of a tacit admission that everything that they've been engaging in, I'm going to use this word on the White House lawn very proudly, is a crime and was money laundering because it was. | ||
And it's not that hard to piece that together just looking around here in the city. | ||
Natalie Winters, what's your social media? | ||
Because we're going to push these clips out tonight. | ||
Where do people go, ma'am? | ||
We always keep it spicy in the morning on the White House lawn. | ||
Just, again, for reference, the entire press corps is standing about 10 feet away from me. | ||
Natalie G. Winters on all social media platforms. | ||
Have a good one. | ||
Are we going to have to get your own security guard up there on Pebble Beach? | ||
I think so. | ||
unidentified
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Won't be funded by USAID. Definitely. | |
Natalie Winters, be safe. | ||
You've got a guest, Michael Obey, in the war room. | ||
Thank you, right there into the mic. | ||
Your assistant, we're going to be a little jammed tonight. | ||
Philip Patrick's going to join us. | ||
Michael's going to hang around. | ||
You are a special advisor to Rick Grinnell on many things, but particularly you're focused right now on the Kennedy Center. | ||
unidentified
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Yeah, that's right. | |
But you're a former intelligence officer. | ||
unidentified
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Former spook. | |
I know you through Colonel Harvey, who's the best. | ||
You're also one of those special projects guys from over at the Pentagon, right? | ||
unidentified
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Yeah, well, I learned everything I know from Colonel Harvey. | |
You're a pretty good mentor. | ||
unidentified
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Well, I started off my career in the Middle East, of course, in the immediate post-911 era and got to see from the invasion of Iraq to the government formation there. | |
At first, as a young 20-year-old, straight out of college. | ||
Oh, wow. | ||
unidentified
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And seeing this forever war, then deployed to Afghanistan, we sort of saw that debacle from the ground up as well. | |
So in a ways, front rows see on how not to conduct foreign policy. | ||
I understand President Trump likes putting people in billets and slots because they're just excellent people. | ||
How does a career intelligence officer who trained under Derek Harvey, who's the best, who's been in some pretty tough neighborhoods in Iraq and Afghanistan, how do you end up With Ambassador Grinnell as his special advisor. | ||
On the cultural aspects of the... | ||
Or are you just going to get parachuted in like an OSS guy and clean up the mess over there? | ||
unidentified
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I'm a huge World War II history fan, so I love the fact that we can talk about the OSS here in the war room. | |
Look, honestly, it all started in Michigan. | ||
Ambassador Rick Grinnell, America's favorite ambassador, took the lead in reaching out to the Arab-American community, the Middle Eastern community in Michigan. | ||
Everyone thought it was crazy to do it initially, but it was brilliant. | ||
First time Republican voters voting for President Trump because of Rick Grinnell's outreach to that community. | ||
Hang on. | ||
Michael Obey is with us for the next, I don't know, 90 minutes. | ||
Philip Patrick is going to join us. | ||
Jeremy Brown, Special Forces, is a free man as of tonight. | ||
His lawyer is going to be on. | ||
Hopefully we can get Jeremy Brown. | ||
Short commercial break. | ||
We're going to return to the war room with our special guest, the special assistant. | ||
To America's ambassador, Rick Grinnell. | ||
Short break. | ||
All right, back in a moment. | ||
unidentified
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Here's your host, Stephen K. Vann. | |
Okay. | ||
I got so carried away with the Natalie Winters honor. | ||
Who in the hell is Michael Ube? | ||
It's Ube Shabender. | ||
unidentified
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Yes, sir. | |
Is that your nom du jour? | ||
I mean, you really are a spook. | ||
There's a spook here in the war room. | ||
You were recruited right off a college campus. | ||
You spent your professional career there. | ||
unidentified
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Actually, I was. | |
I went to Georgetown. | ||
I went to Georgetown also when it was a Catholic university. | ||
Or barely a Catholic university. | ||
Went to Georgetown, the School of Foreign Service? | ||
unidentified
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School of Foreign Service. | |
Proudly Arizona State for my undergrad. | ||
I love Arizona State. | ||
Mike Crow is a buddy of mine. | ||
Although a huge left winger. | ||
We're going to come back to you in a second. | ||
Philip Patrick. | ||
Speaking of universities, a professor at the University of Arkansas talked to you about the end of the dollar empire. | ||
And I'm really proud of this because, as you know, your staff, yourself, yours truly here, Stephen K. Bannon and the War Room got together and worked on this for many years. | ||
I think we started three years ago at the end of the dollar empire. | ||
And what we want to do is make, really make capital markets and particularly debt deficits, all of it, accessible. | ||
To people that hadn't had a chance to go to college, but to make it at a level that was college level. | ||
And I guess the finance professor said, hey, we've read this thing, and we would love to incorporate this into our curriculum, sir? | ||
It's absolutely correct. | ||
He made it, in fact, mandatory reading for his class. | ||
He asked if you and I would be happy to go and talk to his students and help educate. | ||
And quite frankly, I've had that feedback consistently from many different people talking about how educational, how informative, and specifically how it talks up to people, not down. | ||
So I would agree vehemently, and it's getting the traction it deserves, Steve. | ||
Well, you ought to get to them. | ||
We want to definitely figure out how we can work that out and do other places too because we're – one of our big causes here is to make sure that working class and middle class folks, that the finance system in our country, the political economy is understood along with the geopolitics of it. | ||
And this is why it's a good – you can go to birchgold.com right now, slash Bannon, and get it all for free, all six installments, including the latest, which is – Modern monetary theory, which is a theory coming out of France that's going to blow your head up, folks. | ||
But, hey, ideas have consequences. | ||
Two of the consequences we're seeing of this is, in this posse, we're going to have to make a decision here in the next week or so of where to put our effort on this. | ||
Because the budget resolution last night, and we understand what President Trump's doing, he's trying to get some gap for these tax cuts. | ||
But I think the math shows, Philip, that ultimately we get up to 125 to maybe 135 percent of debt to GDP. And on the 14th, we're hurtling down like a train to the CR or to whatever's going to happen on midnight. | ||
What are your thoughts? | ||
You're pretty conservative when it comes to finance. | ||
And here we have this massive Keynesian stimulus. | ||
I mean, President Trump mentioned today, hey, I want to get to a balanced budget. | ||
I want to use the doge cuts. | ||
I want to use the cabinet restructurings. | ||
And I want to use tariffs. | ||
I want to use all these different elements. | ||
But he wants, he aspires to a balanced budget, but we're a long way from there, particularly with the budget resolution we signed off last night, sir. | ||
Yeah, we are. | ||
And we knew this would be the biggest task from the beginning is trying to close that gap. | ||
And as we've been seeing, Trump and the team are being more than inventive, right? | ||
They're trying to come up with ways. | ||
They're looking at external revenue. | ||
They're looking at Doge. | ||
They're looking at tariffs. | ||
These are the decisions that need to be made. | ||
But it is a Herculean task to close that gap. | ||
And that's what I've... | ||
We're going to continue to run deficits. | ||
But President Trump and the team need time to make fundamental changes to grow the economy out of it. | ||
And the big question is, will we get that time? | ||
We're going to continue to amass debt. | ||
What we're looking at with Doge, I think, is enough to mitigate the loss of revenue from the tax cuts. | ||
But I don't think it begins to close the gap. | ||
So it's going to be interesting to see how it shakes out. | ||
I think the one thing we... | ||
What we can't have is sort of another continuing resolution. | ||
We can't lump in all this spending. | ||
We need to start working through and, like I said, closing the gap. | ||
But it is going to be a very, very difficult job. | ||
I don't think Doge alone can do it. | ||
I'm not sure tariffs will do it. | ||
So we're going to need time. | ||
That's the key. | ||
Good news is sort of borrowing rates on U.S. government treasuries are dropping in this climate. | ||
So it's taking a bit of the pressure off. | ||
But it's a sign that people are moving to risk off, which means there's big economic concerns. | ||
So a lot to work through. | ||
We trust the team to do it. | ||
But the question is, are they going to get the time? | ||
That's the big one. | ||
Are those rates dropping because you saw the consumer confidence report that came out of the business conference had a pretty big drop. | ||
Also, Zero Hedge had a couple of great charts up about people's anticipation of inflation, where they thought inflation was going to go, not where it will go, but where they thought it was going to go. | ||
Is that making the business environment softer? | ||
Is that why... | ||
Rates are coming down a little bit. | ||
Is that the bond market thinks there may be a recession or mini-recession or at least maybe flat growth, sir? | ||
Certainly. | ||
I mean, the Consumer Confidence Report... | ||
It was a big one. | ||
It was the third consecutive monthly decline, the largest since August of 2021. Worse, as you hinted, they found that inflation expectations have also risen sharply. | ||
And it's no surprise, right? | ||
Eggs have never been more expensive than they are today. | ||
Obviously, President Trump's been in power for... | ||
Marginally over a month, so I don't think he can take responsibility for that. | ||
But this is what we said at the beginning. | ||
President Trump is inheriting an absolute nightmare, and this is the reality of it. | ||
You know, they were revising numbers down. | ||
There were arguments that we started an official recession in the last quarter of last year. | ||
But I certainly think we're going to have some things, whether it's a mini-recession or a big one, to iron out this year, and that's when President Trump's job begins. | ||
But again, no surprise, this is the stuff we knew President Trump was going to have to work through, and they're beginning to do it. | ||
What do you think President Trump, I mean he's got Elon Musk like an unguided missile, which I think is powerful in this regard, into the administrative state, particularly these audits or finding out whether there's waste fraud, abuse or what I call leakage. | ||
What do you believe has to happen to convince the capital markets that this administration is serious about making significant cuts to federal spending so that whether it is – External revenue coming from tariffs of this new regime, tariff regime, which is supposed to kick in next week on March 4th. | ||
25% to Mexico, 25% to Canada. | ||
This is massive given the size of our trade with them. | ||
What do you think he has to show in order to convince the capital markets he's serious about getting to a balanced budget? | ||
He said it twice today in the cabinet meeting in front of the media. | ||
But what actions do you think they're going to have to see? | ||
Well, I think we're seeing the actions, right? | ||
And like I said before, I think President Trump is showing how serious he is. | ||
To sort of close that gap, but I think what we need to start seeing is results, right? | ||
There's a big difference, and I'm not talking about President Trump here, but, you know, there's a big difference between hypothetical spending cuts and actual spending cuts, right? | ||
It's easy to get everyone to agree to cut spending on something in the future. | ||
But to take dollars from, you know, any congressman's district, that becomes more and more difficult. | ||
We've seen this time and time and time again. | ||
And I think when we start to really push through with spending cuts, we're going to start to see resistance. | ||
So we need to just start making progress, start closing that gap. | ||
The more it closes, the more confidence in the U.S. will increase, confidence in the dollar will increase, and that will buy President Trump time. | ||
There's a lot of things being touted. | ||
I think, Judy, Shelton was proposing zero-yield trust bonds that are convertible for gold. | ||
So there's some good ideas. | ||
Obviously, she's not part of the administration. | ||
She's being touted potentially for the Federal Reserve. | ||
There's a lot of good ideas coming out of the administration and potential appointees, but we need to start seeing results because if 12 months from now, U.S. national debt's at 40, 45, 12 months after, there's nothing the administration can say. | ||
I love Julie Shelton. | ||
Talk to people about gold as a hedge because we're going to go through some turbulence, folks. | ||
Just the cutting of the budget is going to cause turbulence. | ||
MSNBC, the New York Times, every day they're going crazy just on what Elon Musk is doing now. | ||
And that's not really fundamentally taking this thing apart brick by brick, program by program, billet by billet. | ||
Your thoughts about... | ||
The driving factor is gold. | ||
Look, we've had a hell of a run with you guys over the last couple of years. | ||
I think it was $1,100, $1,200, now over $2,900. | ||
But it's just not the price of gold. | ||
It's the dynamics underneath it. | ||
What do you have to say about that? | ||
I mean, listen, gold is a reflection of the value of currency. | ||
That is why it is so important to get our fiscal house in order, because if we don't, if global demand for our debt starts to wane, the sky is the limit for gold's price, right? | ||
You know, we talked about Rickards in the past, talking about gold at $10,000 an ounce. | ||
That's not a position we want to be in, but it is a realistic possibility if we don't get a handle on the problems. | ||
Gold is moving, right? | ||
We've been averaging a new high every five days this year. | ||
We're up 12% this year, 40% last year. | ||
I mean, this is the climate that people buy precious metals. | ||
I have never seen stronger fundamentals. | ||
We talk about eggs being at the highest price ever in history. | ||
We talk about a world running away from the dollar. | ||
We're talking about the BRICS de-dollarizing. | ||
We're talking about, I mean, a potential recession on the horizon. | ||
These are the underlying fundamentals that drive gold's price. | ||
And like I said, I've never seen them stronger than they are today. | ||
It's going to take President Trump and the team time to get through these problems. | ||
And precious metals, I think, at least as a hedge, is where we need to be. | ||
Look at central bank gold demand. | ||
It peaked. | ||
We had the biggest quarter in history. | ||
In the last quarter of 2024, it is not slowing down, and we expect that to continue, and we expect gold's price to continue to rise. | ||
Any updates on the situation with the Bank of England, sir? | ||
Look, it's still flooding out of the Bank of England to New York, more than 20 million troy ounces, about $60 billion, just since Trump's been in office. | ||
Again, it's a coincidence. | ||
Demand in the US still very, very high. | ||
We don't think the Bank of England now will default. | ||
It's still delayed. | ||
It's about eight weeks. | ||
Technically still a technical default. | ||
We think they're going to fulfill whether they beg, borrow or steal, they're going to fulfill because the alternative is a disaster. | ||
But it's just a reflection of demand increasing, and it is. | ||
It's increasing domestically here in the United States, but it's everywhere. | ||
China's central banks, Russia's reserves right now are facing sky-high domestic demand. | ||
Paper gold funds now have set their biggest net inflow since the pandemic. | ||
So demand right now is at all-time highs. | ||
And like I say, we expect it to continue. | ||
Hopefully this stuff with the Bank of England will iron out over the next few months and things will start to settle down a bit there. | ||
Where do people go to get you? | ||
A working relationship with Birch Gold is what folks need. | ||
So where do they go to contact you and your team, Philip? | ||
Very, very simple. | ||
Birchgold.com forward slash Bannon. | ||
Again, Birchgold.com forward slash Bannon. | ||
End of the Dollar Empire series for sure. | ||
Read it, soak it in, learn it. | ||
We have a guide on how and why to invest in gold under a Trump administration and just lots of good free information. | ||
So I encourage everyone out there, get that information, get reading, and they can reach me at Philip Patrick on Getter. | ||
Fantastic. | ||
Philip Patrick. | ||
And I can recommend to everybody, go. | ||
Birchgold.com slash bandit. | ||
Enter the dollar empire, but make contact with Philip and his team. | ||
Philip, thank you so much for taking time away from a trading day to join us on the West Coast. | ||
Short break. | ||
Back in the morning. | ||
You know, President Trump has said he's going to go to Fort Knox. | ||
He's going to take Elon with him. | ||
You know, Besant and the Treasury guys say, hey, look, every year, I think they do a visual count in the IG. I mean, there's never been a question. | ||
There's been rumors. | ||
And, of course, they fought having audits, which is kind of odd, like the Fed has, which is kind of odd, at least formal audits, technical audits. | ||
President Trump said he's going to Fort Knox with Elon. | ||
He just wants to eyeball. | ||
The gold. | ||
So we'll keep you up to date on that. | ||
But Philip Patrick and the team, you can't do better. | ||
Particularly now, every five days is hitting another high. | ||
Remember, it was, you know, I think $1,100, $1,200 when we first partnered with Birch Gold. | ||
The key is to understand the underlying dynamics. | ||
That's everything we try to do here. | ||
Make sure that you understand and have access to the information about underlying dynamics. | ||
We're not trying to give you a fish. | ||
We're trying to teach you how to fish, right? | ||
Another thing, taxes. | ||
They're looking for tax revenue. | ||
We're talking about deficits. | ||
We're talking about money, capital markets, the massive debts. | ||
We have $36, $37 trillion in debt, adding another trillion dollars every 100 days. | ||
Every month now is another record on deficits in the country. | ||
Just out of control. | ||
The IRS is going to get their money. | ||
If you owe them, or they think you owe them, more importantly, they're going to come and get it. | ||
Go to Tax Network USA. If they can't, then you call the IRS and get into it. | ||
Do not let that letter sit there. | ||
It's like a cancer that's metastasizing. | ||
Fees, penalties, interest. | ||
Can't wish it away. | ||
It's the IRS. Text Network USA, do it today. | ||
Ube Shabender, I've got it right now. | ||
Secret freaking agent. | ||
So tell me, you met Grinnell about Michigan. | ||
Because Grinnell had the brilliant idea, because Ambassador Grinnell knows the world. | ||
He says, hey, there's a lot of great Muslim folks up there, and particularly the Moms for Liberty would go up there and do town halls, very conservative. | ||
In meeting him, why was it you volunteered? | ||
For the Kennedy Center, because the Kennedy Center is a complicated cultural – it's the deep state's high church here in D.C. Why would you volunteer for that? | ||
unidentified
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Well, I would go to the ends of the earth for America's ambassador, Rick Grinnell. | |
What he's trying to do here is beautiful. | ||
Because he didn't volunteer for this either. | ||
Trump tapping. | ||
He's out. | ||
He's a special envoy. | ||
He's trying to fix LA. He's working on 10 things for Trump. | ||
Trump, he's a safe pair of hands. | ||
So Trump said, this is a complicated one. | ||
I want you. | ||
And he came immediately to you? | ||
unidentified
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Yeah, that's right. | |
I mean, look, that just shows you how much of a priority it is for Trump to put Ambassador Grinnell on this project and the Kennedy Center, the cultural heart of the United States. | ||
It's been left pretty much with that. | ||
I mean, there's just so much that needs to be rebuilt there. | ||
I heard they haven't done a lot of capital expenditures for maintenance or that because they've had a tough time. | ||
They've put money into some of these woke programs but haven't really kept the space off. | ||
Beautiful architectural space until you start looking and seeing the chip paint. | ||
unidentified
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I can confirm that. | |
I can confirm that. | ||
So much water damage. | ||
I mean, this should be the representation of American glory to the whole world, to the whole country. | ||
You've got these shows where people from all over the world come. | ||
Shen Yun is there tonight. | ||
unidentified
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I'm going to go see that tomorrow. | |
Highly recommend all your viewers out there. | ||
Shen Yun is magnificent. | ||
I'll hook you up with the guys putting on. | ||
I was supposed to go, but I'm leaving to go to Texas for a speech. | ||
I've just been jammed. | ||
And so you've actually done – you're going to hang in the next hour with us, right? | ||
You've actually gone and done at least a first-cut inspection over there just to check it out? | ||
unidentified
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Yeah, that's right. | |
I mean so much needs to be rebuilt. | ||
So much needs to be rebuilt from the carpet to the walls. | ||
We're going to make culture great again. | ||
You're talking – see, Uwe, you're talking Trump's language. | ||
unidentified
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Yeah. | |
I mean that's him. | ||
He's doing – he does a visual. | ||
If anybody wants to have a great day, is tag along with President Trump when he goes through one of his properties. | ||
I mean, he's got guys that are writing notes down. | ||
He's got an eagle eye for detail. | ||
That's why his properties look so good. | ||
unidentified
|
Yeah, that's right. | |
So he's a tough boss. | ||
So we know we can't just get away with anything. | ||
Because he's going to walk over there and check it out. | ||
unidentified
|
Yeah, that's right. | |
And he's going to touch it. | ||
He's going to say, hey, Ube, come over here, man. | ||
What is this? | ||
And he's going to watch the cost. | ||
Hang on for a second. | ||
Ube Sean Bender, former... | ||
unidentified
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Were you DIA? DIA. Oh, my God. | |
It's the hardest of the hard. | ||
It's what Mike Flynn used to run. | ||
unidentified
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Yep. | |
When I was in the Pentagon as a junior officer, DIA was like the dark arts, analytics, and some pretty tough hombres. | ||
And Mike Flynn ran it under Obama. | ||
That's where they had falling out. | ||
Do I have Mike Lindell? | ||
Speaking of a tough hombre, Mike Lindell, brother, talk to me. | ||
Well, Steve, before I get to the special here, I wanna tell you, isn't it timing where a great real president does this great shout out for me? | ||
And the next day, Keith Ellison, the Attorney General of Minnesota- Piled it on all the way back now to 2018 for the Lindale Recovery Network, which helps people in addiction find our Lord Jesus Christ. | ||
Steve, it's absolutely despicable what they're doing right now. | ||
But we keep going, everybody, and I wanna thank you all for supporting. | ||
Myself, MyPillow, and everything else, and the Lindell Recovery Network. | ||
Today, we're bringing back the special you guys love. | ||
This is the MyPillow 2.0. | ||
Any case, the best price in history, $9.98. | ||
And free shipping on your entire order. | ||
These are, once they're gone, they're gone. | ||
The only one we're out of is the one where I'm holding the flag. | ||
So we kept them for the War Room Posse. | ||
Get them all, you guys, their collection. | ||
Once they're gone, they're gone. | ||
They're collector items, basically, during these times we've been in this fight. | ||
You go to the MyPillow website, and there's that blank, that flash sale. | ||
We save 80%, up to 80% on the blankets. | ||
Once they're gone, they're gone. | ||
We're doing all this for the War Room Posse. | ||
Free shipping on your entire order. | ||
And then you all responded to the classic collection. | ||
We said, you know what? | ||
We're going to bring that back. | ||
These are special War Room prices that no one else gets. | ||
The $19.88 for the king-size pillow, you got $29.98 for the body pillow, all the way down to $9.98. | ||
You guys, that's the 1488 for the standard. | ||
So you guys get all the specials. | ||
Get the beds. | ||
You've all took advantage of this free shipping that won't last long. | ||
Get the beds and the mattress toppers and the made in the USA and keep my employees happy. | ||
Keep yourself happy. | ||
And I can't thank you enough, Steve, for everything you've done for MyPillow and the Recovery Network. | ||
It's just disgusting what they're trying to do right now to MyPillow. | ||
I tell you, Mike, I want to have you hang over, if you can, for the next hour. | ||
I want to start the show. | ||
I want to talk to you. | ||
I want the audience to know about Keith Ellison and what they're doing to you. | ||
We've also got Trennis Evans, Jeremy Brown, Special Forces, let go today, free from prison. | ||
And, of course, Ube is going to stay with us about the Ambassador Grinnell and Ube's plan to turn this Kennedy Center around under the... | ||
Guidance of President Trump. | ||
Short commercial break. | ||
We'll leave you with the right stuff. |