March 5, 2025 - Bannon's War Room
48:56
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| And finally, it's time to pay the piper. | ||
|
unidentified
|
It's a fool's choice to go after Donald Trump. | |
| And they say, if you're going to go after the king, you best not miss. | ||
| Zelensky missed. | ||
| Trudeau missed badly today. | ||
| I'm guessing these tariffs are going to come down very, very shortly. | ||
| Steve, I won't eat any more of your time up. | ||
| Love having you and have a great show and talk to you later on tonight. | ||
| Eric, thank you so much. | ||
| Eric Bolling will be with us. | ||
| We're going to do coverage of 5 to 7 with the War Room, and then we're going to take a break. | ||
| We'll be back 8 to 11 with all the stars in the galaxy of Real America's Voice, Real America's Voice from 8 to 11. We're going to cover the speech. | ||
| We'll cover the president leaving the White House, then the speech, then the return, all of it with pregame and postgame. | ||
| Let's go ahead. | ||
| We've got a cold open I want to start with, and I'll bring in Natalie Winters from the White House. | ||
|
unidentified
|
Vladimir Zelensky says his country is ready to come to the negotiating table to end the war with Russia as soon as possible. | |
| He also called last week's Oval Office blow-up regrettable. | ||
| Zelensky's comments come, of course, after the Trump administration paused military aid to Ukraine. | ||
| Here's Vice President J.D. Vance. | ||
| What the president has said very clearly about our Ukraine policy is that he wants the Ukrainians to come to the negotiating table. | ||
| We want the Ukrainians to have a sovereign and an independent country. | ||
| We think the Ukrainian troops have fought very bravely, but we're at a point here where neither Europe nor the United States nor the Ukrainians can continue this war indefinitely. | ||
|
unidentified
|
Hi there, Chris. | |
| Well, that relationship is still not good. | ||
| And, yes, this pause in military aid, a seismic shift in policy towards a U.S. ally, billions of dollars in aid now on hold. | ||
| Now, as you mentioned, President Zelensky today signaled that desire to come back to the negotiating table. | ||
| He wrote online that he was grateful for the U.S. providing javelins. | ||
| He also talked about how the meeting Friday did not go the way it was supposed to, and it's regrettable that it It happened this way. | ||
| But, Chris, he did use the word regret in an interview on Friday after the meeting. | ||
| What he still has not done, and the White House continues to point this out, is that he has not flat-out apologized for what happened on Friday. | ||
| Let's listen to more of what Vice President Vance said on the Hill just a short time ago. | ||
| Look, I think the most important thing, a lot of people have made this about public statements. | ||
| President Zelensky needs to say that he's committed to the peace, or President Zelensky needs to apologize to the president. | ||
| The public stuff doesn't matter nearly as much as what are the Ukrainians doing to meaningfully engage on what a peaceful settlement would look like. | ||
| We need the Ukrainians privately to come to us and say, this is what we need, this is what we want, this is how we're going to participate in the process to end this conflict. | ||
| That is the most important thing. | ||
|
unidentified
|
So the White House again saying they have not seen that private outreach just yet. | |
| It could happen. | ||
| It just hasn't happened as far as we know thus far. | ||
| And Chris, it is expected to be a major topic in the president's address, the joint session of Congress later on tonight. | ||
| I don't know. | ||
| The Democrats suffered a difficult defeat in the last election. | ||
| It was only a few months ago. | ||
| Democrats are a heterogeneous, sometimes slow-moving party. | ||
| It's going to take them a little while as an electoral vehicle to sort of get it together. | ||
| Losing parties often go through a difficult time. | ||
| That's pretty par for the course. | ||
| But the United States, our civil society, the actors who can and should be defending democracy extend way beyond the Democratic Party. | ||
| It should include churches. | ||
| It should include universities. | ||
| It should include business leaders. | ||
| A whole range. | ||
| It should include Republican politicians, quite frankly, and obviously media figures. | ||
| And so we shouldn't look, at least not exclusively, to the Democratic Party, because this is not just electoral opposition. | ||
| This is a defense of the rule of law, of the Constitution, and of our democracy. | ||
| And all of our – the good news is the United States has a lot of resources. | ||
| We have a really strong opposition, much stronger than Russia, stronger than Venezuela, than Hungary, than Turkey. | ||
| We have much greater raw materials to work with in terms of building and sustaining an opposition to Trump. | ||
| But so far, we've underutilized those resources. | ||
| Everybody is sort of laying low, kind of defending their own turf and worried about what can happen to them. | ||
| Mexico, China, and Canada all say they will retaliate with outgoing Prime Minister Justin Trudeau making a personal and direct appeal to President Trump. | ||
| Here's a big chunk of what he said today. | ||
| We stepped up. | ||
| We engaged closely and constructively with the President and his administration. | ||
| We did everything we promised. | ||
| We stuck to our word. | ||
| And we did it. | ||
| Because we believe in working together to protect our citizens. | ||
| Now I want to speak directly to one specific American. | ||
| Donald. | ||
| In the over eight years you and I have worked together, we've done big things. | ||
| We signed a historic deal that has created record jobs and growth in both of our countries. | ||
| We've done big things together on the world stage, as Canada and the US have done together for decades, for generations. | ||
| And now, we should be working together to ensure even greater prosperity for North Americans in a very uncertain and challenging world. | ||
| Now, it's not in my habit to agree with the Wall Street Journal. | ||
| But Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do. | ||
|
unidentified
|
What a session. | |
| A stomach-churning day for investors as the tariff tantrum initially sparked a sell-off before a big intraday comeback. | ||
| And then, just in the last few moments, a sharp pullback here into the close. | ||
| The Dow closing lower by about 700 points. | ||
| That's the scorecard on Wall Street. | ||
| But the action is just getting started. | ||
| This is the primal scream of a dying regime. | ||
|
unidentified
|
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 lie? | ||
|
unidentified
|
MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
|
Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
War Room. | |
| Here's your host, Stephen K. Band. | ||
| Tuesday for March in the year of our Lord 2025. | ||
| There are decades in which nothing happens and there are weeks in which decades happen. | ||
| I think we're in another week like this. | ||
| The joint address to Congress or State of the Union, whatever you want to call it, starts at 9 o'clock tonight. | ||
| Our coverage will start at 8 o'clock from the White House. | ||
| We will go all the way through the conclusion of the speech. | ||
| We'll have a vast global audience. | ||
| Then we'll have post-game coverage also with all... | ||
| The commentators and analysts and news people here at Real America's Voice will be wall-to-wall coverage. | ||
| Breaking news as we're coming on. | ||
| The Bloomberg and Semaphore are both reporting that the Russians have stepped up and committed to broker nuclear discussions to get a diplomatic resolution with Persia. | ||
| Of this nuclear, you know, the issue with them and nuclear weapons. | ||
| The Russians have volunteered after President Trump mentioned it in one of the phone calls. | ||
| They then had a discussion when they were in Saudi Arabia with the team, I think it was Steve Witkoff, and the team met with some of the Russian delegation. | ||
| They have now stepped up and said that they will help to broker discussions for a diplomatic solution to Persia. | ||
| Went through his confirmation hearing. | ||
| Remember all the complaints that Bridge Colby is terrible. | ||
| Bridge Colby is hated by the neocons because Bridge Colby does not want to go to war in Persia, either with airstrikes or a land war. | ||
| And of that, we 1,000% support Bridge Colby. | ||
| He wants to pivot to East Asia. | ||
| Now we got a little bit of difference in how hard you go. | ||
| But bridge is a safe pair of hands. | ||
| And right there, as we said, and I reiterated on Saturday night when I talked to Israel 365, there is absolutely no need, no need at all, for us to get into another land war in the Middle East, and particularly against Persia. | ||
| It would be absolutely ridiculous. | ||
| There are many, many other ways to get there and to get a solution. | ||
| Of course, the Russians have stepped up. | ||
| I would say, I think, that is the Trump effect. | ||
| Natalie Winters, you joined us from the White House. | ||
| You saw that coal open, meltdown on President Trump's tariffs. | ||
| And I've got to say, I thought Trudeau had a pretty good talk to the Canadian people. | ||
| He was pretty straightforward. | ||
| He said, hey, this is going to be hard. | ||
| This is going to be very hard, and we've got to figure out how we're going to get through it. | ||
| But everything from the pressure being put on President Trump, of course President Trump, after Zelensky apologized and said all the right things, I think has concurred, and there may be some discussion tonight. | ||
| At the speech on the economic deal, as you know, we're not huge fans of that, but we understand President Trump is being the peacemaker here, as he is with Persia. | ||
| So, what do you got for us from the White House, man? | ||
| Yeah, I mean, I think it's certainly another negotiating victory from President Trump, right? | ||
| Whether you're talking things like the art of the deal, all things tariff, all things trade war. | ||
| Denver, I can hear myself in my ears, so if we could stop that, that would be great. | ||
| Anyways, I digress. | ||
| Sorry, Steve, the audio is really awful. | ||
| But I want to drill down on the State of the Union tonight. | ||
| Can we? | ||
|
unidentified
|
I'm sorry, Steve, I can't. | |
| Can you have to reboot my connection? | ||
| Yeah. | ||
| Yeah, yeah, yeah. | ||
| Let's go ahead and reboot it, and we'll come back to Natalie. | ||
| Tonight, it's going to be... | ||
| Tonight, President Trump is going to leave the White House about 8.30. | ||
| Our coverage will start at 8 o'clock Eastern Standard Time. | ||
| President Trump will leave the White House with the First Lady. | ||
| My understanding, the First Lady at about 8.30. | ||
| Speech is going to take about 9 o'clock. | ||
| Remember, there's kind of some, you know... | ||
| President Trump has announced, he walks down the aisle with a handshake, all the standing ovations, and the speech is supposed to last, I think, approximately an hour. | ||
| President Trump always normally goes what we call off the glass, off the teleprompter, for a while and kind of, you know, does his own thing. | ||
| I see he gives comments on News of the Day with more emphasis. | ||
| There's all types of stories out there about some of the Democrats are going to try to disrupt it. | ||
| I think maybe even they are getting pushback on that, but there may be some disruptions tonight, of course. | ||
| Many members of Congress are going to bring their various people with them. | ||
| I think a lot of these folks have plus ones, so they'll be in the audience. | ||
| Of course, President Trump's going to bring some surprise guests. | ||
| I'm sure he'll announce that. | ||
| Let me go back to this. | ||
| It appears that Zelensky, and you heard in the opening, you heard Vice President Vance talk about it, that Zelensky... | ||
| He has tried to kiss and make up. | ||
| He's tried to say that he's a trustworthy guy and you can do a deal. | ||
| I don't believe any of that. | ||
| I was on Sky News a little while ago, shocking the British. | ||
| They were absolutely appalled when I called Zelensky a punk and a crook because he is a punk and he is a crook. | ||
| But I understand that President Trump, who is magnanimous and President Trump, who has a larger set of issues to try to bring peace. | ||
| But let's not bury the lead. | ||
| The lead shows in a rapprochement with Russia how the world can be. | ||
| Right now we're on tenterhooks in the Mideast, and it's not just about the Muslim Brotherhood, Hamas, and Gaza. | ||
| It's not about Hezbollah and the fighting's taking place in southern Lebanon. | ||
| It's not even about the new incursions and all the concern people have in Syria, right, since Turkey took down Syria and crushed Syria. | ||
| Really, the threat of war there is about a general war in the Middle East around Persia, particularly Persia's nuclear weapons capability. | ||
| It's been reported by Bloomberg and Semaphore that the Trump administration is in discussions with the Russians about brokering, the Russians have volunteered this, about brokering diplomatic discussions, essential talks to somehow unwind this issue of nuclear threat in the Middle East, a regional threat. | ||
| That's progress, folks. | ||
| That is what we call beating swords into plowshares. | ||
| That's what President Trump is about. | ||
| He's about peace and prosperity. | ||
| And all the jackals in NATO, and all the jackals in the EU, and all the big talk in France and in the United Kingdom, they're going to do this. | ||
| Call their bluff, Mr. President. | ||
| Call their bluff. | ||
| Put up or shut up. | ||
| The United States has been putting up for a long time. | ||
| It's time for... | ||
| NATO and the EU to go to their people and tell them about what the economic hardships would be if they would do this. | ||
| Because right now they're completely lying to them. | ||
| Okay, markets were on fire today. | ||
| I think the Dow ended down 700 points. | ||
| As people settle in on this, what can only be called, as Warren Buffett says, economic acts of war of these tariffs. | ||
| To both get the attention of the Canadians and the Mexicans and also the Chinese Communist Party. | ||
| And the European Union ought to be taking notice too. | ||
| On day one, in a new day in America, a new economic model, President Trump will talk about disruption tonight in his joint address to Congress. | ||
| We're going to take a short commercial break. | ||
| Johnny Kahn takes us out. | ||
| We'll go back to the White House in a moment. | ||
| Okay, so many things happened today. | ||
| Positive news out of the Middle East with Persia. | ||
| Zelensky has agreed to sign the deal. | ||
| There's been no security guarantee, is my understanding, and we will be all over that. | ||
| That is what Zelensky was trying to be a punk about the other day and got shown the door. | ||
| And I hope no one has acquiesced. | ||
| I'm sure President Trump has not, but you never know kind of what is whispered in people's ears. | ||
| So we'll drill down on that. | ||
| I would say I'm not particularly excited about getting into an economic relationship with Ukraine. | ||
| As you know, we're big believers in just walk away. | ||
| We've done all we can do. | ||
| We've done all we should have done. | ||
| We've done more than that. | ||
| It's now Europe's issue. | ||
| President Trump should focus on the rapprochement with Russia. | ||
| And you see what happens. | ||
| You see what happens. | ||
| One of the thorniest issues we have in the world is this whole controversy about Bridge Colby today. | ||
| Bridge Colby, Tucker and Kurt Mills and others have been saying, hey, we can't get sucked into another land war. | ||
| In the Middle East. | ||
| You know, we had the disaster in Iraq, the disaster in Afghanistan. | ||
| We can't do that. | ||
| And that's been this huge controversy. | ||
| And by the way, I think Bridge Colby did a very good job, and he will definitely be confirmed by the United States Senate. | ||
| I don't think that's any doubt. | ||
| But right there, you see what the beginning of a relationship. | ||
| And you can't, you know, the Sky News asked me today, what, do you trust Putin? | ||
| I said, no, I don't trust Putin. | ||
| He's KGB. I don't trust him at all. | ||
| Just like Churchill didn't trust Joseph Stalin. | ||
| So don't sit there and ask me some pimpy question, okay? | ||
| Natalie Winters, let's go back. | ||
| Hopefully your audio, your tech issues are solved. | ||
| Set the stage for us today, ma'am. | ||
| Well, I think to set the stage, we have to really do a compare and contrast. | ||
| And just juxtapose where we'd be if we were standing right here, although I probably wouldn't be standing on the White House lawn, had Kamala Harris won. | ||
| You know they would have authorized the long-range missiles, right, for use in Ukraine. | ||
| They would have plowed through who knows how many more billions of dollars. | ||
| That conflict would be beyond the point of return. | ||
| Who knows if this country would still even be standing. | ||
| In contrast, right, you have President Trump, who in what, about one month, has been able to really throw... | ||
| I think we've always sort of taken the line that I think it's sort of a poison pill or it's a dangerous... | ||
| Trap. | ||
| In terms of the fact that they've destroyed Ukraine so they can rebuild it in the line of, I think, a kind of World Economic Forum globalist, global government model. | ||
| And when you look at the entities that are involved in the rebuilding of Ukraine, that's, of course, BlackRock and J.P. Morgan. | ||
| They've treated it sort of as a sovereign wealth fund investment type venture. | ||
| I think the fact that the United States is somehow going to be embroiled in all of that isn't necessarily, you know, what President Trump's most loyal of supporters want. | ||
| But as you've always alluded to, right, it's leadership. | ||
| It's compromise. | ||
| And I think we've sort of seen that play out time and time again. | ||
| And I think that the theme of his speech tonight, which dovetails with so many of the guests that they've announced, that there are still some surprise guests that we'll be seeing soon. | ||
| I think it really shows a reversal of the kinetic warfare that the Biden regime was waging on the American people by allowing an invasion of, what, 400,000 people a month. | ||
| Now we're actually deploying troops to the southern border. | ||
| I think we've seen a reversal of information warfare, right? | ||
| Whether it's the White House Correspondents Association getting kicked out, new media now having a voice in the briefing room. | ||
| And I think most poignantly, we've seen the reversal of economic warfare, right? | ||
| Instead of inflation being, you know, absolutely... | ||
| Waged against the United States and against the average American working class, of course, dovetailing with immigration policy. | ||
| Now we're actually seeing whether it's the tariffs or mass investment or frankly, even I just think continuing to sort of stop this endless flow, the just pouring out of fund after fund, aid package after aid package to Ukraine. | ||
| So you're seeing a reversal and I think it aligns quite nicely with President Trump's obviously America First agenda, but you're seeing it. | ||
| On full display right now, and I have to say, it's not a very happy mood right now in the briefing room. | ||
| I think there's a lot of sad Ukraine diehards in there who are sad they're not going to be getting more aid packages, or I guess maybe they've just drank the Kool-Aid and they think that democracy is going to be over tomorrow. | ||
| Natalie, what's the feeling at the White House? | ||
| Look, there's a world of problems. | ||
| Obviously, President Trump started the terror, started the kind of economic warfare part last night. | ||
| He's trying to set things right. | ||
| You've got troops on the border. | ||
| They just announced, as you said, the lowest ever. | ||
| We've shut the invasion down in under 40 days, not the years they told us it would take. | ||
| But what's the attitude among the staff and the people that support President Trump there and work from every day? | ||
| What's the feeling? | ||
| Well, I don't think there's probably ever been a president who's walked in, what, the first month or so of their administration, who's been able to walk and give a joint session address with the number of accomplishments that this administration has. | ||
| And in part, it's because of, I think, the wonderful work that President Trump has done, but I also think it's because of just the absolute, very just... | ||
| Awful deck of cards, rather hand of cards that President Trump was dealt right from Joe Biden. | ||
| The stolen election, I guess, had diminishing returns. | ||
| But I will say, I think it is interesting to sort of answer that question. | ||
| Two, to look at how the other side is reacting to it. | ||
| There's mass demonstrations going on across the country today. | ||
| There's a huge one going on right now outside the White House. | ||
| There's obviously massive demonstrations going on at the Capitol, too. | ||
| They're all saying, of course, that it's spontaneous and organic. | ||
| We know that that's textbook color revolution tactics in terms of the fact that they're trying to astroturf this idea that there's so much grassroots opposition to what President Trump is trying to do. | ||
| We've seen this, of course, with the idea that all of these protesters that are popping up at these town halls are just, you know, random, nonpartisan individuals. | ||
| Turns out that they're being bankrolled by groups that we've really highlighted here in the War Room, groups like Move On and Indivisible. | ||
| I think Black Lives Matter, a lot of these sort of swampy, shady, dark money, Arabella advisors, George Soros-esque groups are now sort of assembling outside the White House. | ||
| But if you really look what their big gripe is, what they're sort of attacking this administration for, I've seen all the signs. | ||
| They're attacking President Trump for being a felon, and they're saying that Elon Musk is a billionaire. | ||
| They don't really have that much to hurl against this administration because I think they can't accept it, but he's actually been quite successful, and if they really want to protest against... | ||
| I don't know, something as controversial as peace, which seems like in the Middle East or in Ukraine, then I guess they would really just be finally admitting how anti-humanity and pro-death that they actually are. | ||
| But I think the best way to sort of reverse engineer the successes that President Trump has had is just how short the list of complaints of his largest detractors, which maybe you can overhear, they're not too far away from me, actually are. | ||
| Natalie, do you anticipate in the room tonight, there's been a lot of discussion about, and particularly on MSNBC all day, about potential disruptions by, not protesters, that would slip in somehow as a guest, but about actual Democratic congressmen, particularly people in the House, actually being disruptive during President Trump's address to the nation. | ||
| Any thoughts of hearing from the White House or your own thoughts, ma'am? | ||
| Well, I hope that's a rhetorical question because, of course, I think the kind of mindset that plagues Democrats right now is that they can't normalize Trump. | ||
| That was obviously the 2016 playbook. | ||
| Now we've seen a sort of more intense and I think more akin to the sort of global color revolution tactics where they're astroturfing this idea. | ||
| Rejective of the idea of something called anticipatory obedience. | ||
| There's a historian who Rachel Maddow has on all the time, sort of undergirds a lot of MSNBC's coverage. | ||
| And in his book, the concept of anticipatory obedience, prematurely obeying evil dictator President Trump is how this country slips from democracy to full-blown autocracy. | ||
| So sort of through that paradigm, I think they then justify, if not absolutely mandate, at least from the far left flank of the Democratic Party, that they do not treat President Trump like a democratically and popular vote elected president because they can't normalize him. | ||
| Otherwise, they are enabling, right, the backsliding of United States of American democracy. | ||
| And I think you sort of see it on full display, right, in the social justice, you know, ally. | ||
| If you're not with us, you're against us, that whole kind of mindset. | ||
| But that's now playing out. | ||
| On the more, I think, domestic and democracy political front. | ||
| So I think that you will definitely see people stand up and try to disrupt and agitate because not just, I guess, it's their tradition and their culture, but it serves a bigger purpose. | ||
| And Steve, I think Signal Not Noise for our audience. | ||
| Though, of course, there is going to be opposition and demonstrations against him. | ||
| Pay attention to how much the mainstream media amplifies it. | ||
| I don't know about you, Steve. | ||
| Have you ever seen the mainstream media cover the fact that our audience, our posse, is always showing up at these town halls, nuking CR after CR? I don't think so. | ||
| But then a group a tenth the size of our audience shows up, obviously bankrolled by Soros-linked groups, and suddenly they get nonstop coverage, right? | ||
| They even have the small little square box in the corner of Rachel Maddow's screen trying to make it look like there's mass damage. | ||
| Demonstrations everywhere. | ||
| So even if there actually aren't demonstrations, I think that to sort of fit the narrative, it doesn't actually matter if anyone shows up, you're going to see a continual hyping of this idea that there's such staunch opposition to him, because then they have more, not just moral, ethical, or political justification to sort of oppose him using these outside-of-the-system tactics, but it just helps to, I think, sort of foment the resistance, which you know they're not going to give up all that easy. | ||
| Natalie, fantastic hit. | ||
| What's your social media, ma'am? | ||
| Some people can get you between now and 8 o'clock when you rejoin us. | ||
| Natalie G. Winters on all platforms. | ||
| Thank you, ma'am. | ||
| We'll see you back here at 8. Fantastic report from the White House. | ||
| Natalie G. Winters. | ||
| Okay, we're going to have Philip Patrick is going to join us here momentarily. | ||
| We're going to talk about markets today, particularly President Trump's address, what people are looking for. | ||
| John Gardner, who is an expert on tariffs and particularly how we rebuild American manufacturing. | ||
| And his take on it is different. | ||
| You don't need Taiwan Semiconductor. | ||
| You don't need Apple. | ||
| You don't need Honda. | ||
| Those are all great. | ||
| He's got a solution to how we do it with small manufacturing to return America to a manufacturing powerhouse. | ||
| Take your phone out right now, particularly on a day like today, the Dow finishes down 700. Text Bannon, B-A-N-N-O-N, at 989898. Go to Birch Gold and get the ultimate guide to investing in gold and precious metals in the era of President Trump. | ||
| This is one you do not want to miss. | ||
| It's all free. | ||
| You can read it, study it, and then talk to the Philip Patrick team. | ||
| Birchgold.com slash Ben. | ||
| Get to the experts to get an expert's opinion. | ||
| Short commercial break. | ||
| Philip Patrick on the other side. | ||
|
unidentified
|
A stomach-churning day for investors as the tariff tantrum initially sparked a sell-off before a big intraday comeback. | |
| And then, just in the last few moments, a sharp pullback. | ||
| Here, into the close. | ||
| The Dow closing lower by about 700 points. | ||
| That's the scorecard on Wall Street. | ||
| But the action is just getting started. | ||
| Welcome to the close. | ||
| Okay, it was a wild day, not just on Wall Street, but in global capital markets. | ||
| President Trump at midnight last night at 12.01 a.m. | ||
| Eastern Standard Time. | ||
| Put in the 25% tariffs in Canada, 25% tariffs in Mexico. | ||
| And I think it's supposed to be 10, but I think he said 20% tariffs in China. | ||
| And of course, China said flat out, hey, we will fight you to the bitter end. | ||
| So they're game on. | ||
| Philip Patrick, on a day like today, what should people know? | ||
| I guess gold went to 2925 and backed up. | ||
| It was a 2915, but it's near another all-time... | ||
| Record high on massive volume. | ||
| What's going on in the capital market, sir? | ||
| And how can people start to think through what they should understand about gold as a hedge? | ||
| It's interesting times, to say the least. | ||
| I saw an interview with Warren Buffett recently, and he was asked about the general state of the economy. | ||
| And he said it was the most interesting subject in the world and then declined to comment even any further. | ||
| So I thought that in on itself was very telling. | ||
| Volatility is the name of the game. | ||
| As you said, tariffs went live today. | ||
| These are the most extreme tariffs in living memory. | ||
| It's 25% tariffs on Canadian and Mexican imports today. | ||
| He also implemented a second round of 10% duties on Chinese imports, now pushing to 20% total. | ||
| As we expected, Canada hit back immediately with 25% tariffs on about $21 billion of American goods, specifically poultry, beef, fish, and other food, along with textiles and furniture. | ||
| China hit back as well with tariffs on food and agricultural products. | ||
| I think there's a reason that Buffett recently described tariffs as an act of war. | ||
| They tend to escalate in this tit-for-tat manner with ultimately no clear winners. | ||
| What I thought was very interesting was Canada and China specifically targeted the American farming sector. | ||
| If we look at the top 10 agricultural states in the U.S., they're all red states, with the notable exception, of course, of California. | ||
| So, you know, for me, it's interesting, right? | ||
| I think, you know, these retaliatory tariffs are designed to pressure Trump's strongest supporters in the heartland. | ||
| Trump's convinced that other countries are going to bear the costs. | ||
| It's not entirely correct. | ||
| Look, for products where shoppers have a choice, right, think avocados, they're probably going to buy American over Mexican. | ||
| But there are many sectors where there is little or no competition. | ||
| Think electronics, cars, appliances. | ||
| Prices in these sectors tend to rise 50% to 100% on the back of the applied tariff amount. | ||
| So other nations will suffer for sure in the form of lost sales where... | ||
| Shoppers have alternatives, but where they don't, we're going to feel that as consumers. | ||
| Of course, financial markets hate volatility. | ||
| Tariffs will create volatility, and we're seeing that at the moment. | ||
| So it's an interesting time to be alive, an interesting time in financial markets, but volatility is the name of the game, and I think it'll continue to be so. | ||
| So with volatility going to be the name of the game, I 1000% agree with you. | ||
| Because we're just getting into it. | ||
| Tomorrow, just as a news update, Elon Musk has been invited to meet, I think, the Republican conference at 7 p.m. | ||
| tomorrow night to discuss where they stand with Doge, because we've got to get some serious decisions here on the CR, whether it's going to be end of the year, 30 days, or the Doge cut's going to be included. | ||
| My big fear is that the doge cuts, I don't think in reality are anywhere near where people think they're going to be. | ||
| And now it's down to seriousness about where we're actually going to cut this spending. | ||
| Because you know, Philip, until we stop the Keynesian overdrive of this massive stimulus that we're giving the economy every month because we're setting like monthly records. | ||
| For the deficit, we already have baked in right now a $2 trillion deficit this year alone. | ||
| You're going to have more volatility. | ||
| So what should people be thinking about? | ||
| I mean, should they be coming and talking to you? | ||
| What should they be reading? | ||
| What they should be discussing on this? | ||
| Because this is going to get... | ||
| You're going to have 700 days. | ||
| And by the way, it's going to go up and down. | ||
| But you're going to have extreme volatility in the bond market. | ||
| You have extreme volatility in the stock market. | ||
| I think you're going to have volatility in the real estate market. | ||
| Every asset is going to be balanced. | ||
| Look, I think, first of all, everyone needs to stay informed. | ||
| That's why this show is so important. | ||
| That's why they need to reach out and get the end of the Dollar Empire series. | ||
| It hits so many of these big topics at a very high level. | ||
| So I think everyone needs to get educated. | ||
| Ultimately, you know... | ||
| This is a climate for precious metals. | ||
| We have to understand what we have done over the last 15, 16 years here in the United States is created a massive debt-fueled bubble. | ||
| President Trump and the team are going to have to try and work it out. | ||
| But I think ultimately some air is going to have to come out of that bubble if we're going to start to move to rebuild. | ||
| We need President Trump and the team to have the time to execute their economic plan. | ||
| And in order to do that... | ||
| You know, we're going to have to get a curb on spending and get things under control. | ||
| But at the end of the day, as you and I know, precious metals in climates like this, they are a safe haven asset and they perform. | ||
| There's a reason we are setting records every five days this year with higher prices and it's being driven. | ||
| You know, by demand from central banks, by demand from investors. | ||
| And we expect that to continue. | ||
| Median predictions now, you know, gold anywhere from 31 to 3300 announced by the end of this year. | ||
| I think it could push those limits as things start to get more volatile. | ||
| So everyone needs to get reading, stay educated and call the Birch Gold Group. | ||
| When you say 15 or 16 years, correct me if I'm wrong, but that's basically back to the financial crash of 2008. And what the established order did to save themselves is basically a massive influx of liquidity for people that had real assets, people that had stocks, bonds, to make sure there wasn't a collapse. | ||
| And that's where we've been. | ||
| We've had this really asset bubble. | ||
| The only time you've had any really... | ||
| One of the restrictions of taking liquidity out of the market was for that, I think, one year or 18-month period when Janet Yellen was Federal Reserve Chief, and she basically took $1,000. | ||
| She did quantitative tightening. | ||
| It took a trillion dollars off the balance sheet of the Fed. | ||
| That was in the year that President Trump, I think, put up 3%, 3.5% growth in 2019. But I tell you, your point is, we still have not come to resolution on the financial crisis. | ||
| We just had a debt-fueled recovery, and at some point in time, we're going to have a margin call, and that's why gold right now is looked at as an alternative store of value, I guess you would say? | ||
| It's exactly correct. | ||
| It's exactly correct. | ||
| And there's a reason that the middle class has been decimated throughout that time period. | ||
| There's something called the Cantillon effect, and I think broadly it explains why we're in the position we are. | ||
| When money's printed, it goes through the banking system. | ||
| The first thing it does is it inflates asset prices. | ||
| As it bleeds through into the broader economy, it, of course, drives the price of everything we spend our money on, like eggs and bread and everything else. | ||
| That's why it creates more economic disparity. | ||
| Those with assets, they benefit from the gross in asset prices, and then they lose in terms of higher prices. | ||
| Those that don't have assets, they just lose and lose and lose. | ||
| And that's why it is so important to get a handle on these problems. | ||
| And like I said, in order to do that, I think some air has to come out of the bubble and we have to start rebuilding. | ||
| And that's what President Trump and the team are committed to doing. | ||
| But as you and I have discussed, it's going to be a very tough job. | ||
| Kobayashi newsletter over on Twitter, which I think is excellent. | ||
| If you're on Twitter, you should follow it. | ||
| Breaking news, U.S. Treasury Secretary Besson says, quote, there is no signing plan, unquote, for minerals deal with Ukraine per Fox News reporter. | ||
| Just three hours ago, Reuters reported that Trump and Zelensky were planning on signing the deal today. | ||
| So, the latest on that looks like no signing. | ||
| May have come to terms agreed, but no signing. | ||
| So, still away from the lip to the cup. | ||
| Philip, if people want to find out more, and I strongly recommend what you do is talk to the experts at Birch Gold. | ||
| We try to give you tons of information to make sure that you understand in this, you know, whether it's debt, deficits. | ||
| The modern monetary theory, all the intellectual background from it. | ||
| We're very proud that a professor, I think, at the University of Arkansas, a finance professor, is now making a required reading of his finance students. | ||
| So everybody out there that didn't major in economics and finance in college should feel pretty good that what we've been giving you and you guys have been loving is college-level finance. | ||
| Philip, where do people go to get to you and your team, though? | ||
| I want to make sure people... | ||
| You've got great brochures about investing during the era of Trump. | ||
| At the end of the dollar empire, we're partners in this effort because I wanted to get as much information out free to people, and you guys were amazing about turning over your analytical team. | ||
| But where do people go to get access to you and your team? | ||
| Yeah, so it's very simple. | ||
| It's birchgold.com forward slash Bannon, or they can text Bannon to 989898. That'll get them guides on how and why to invest in gold under a Trump administration, and importantly, the end of the dollar empire series. | ||
| And they can reach me on social media. | ||
| It's at Philip Patrick on Getter. | ||
| I'm trying to put out as much current information on the economy as I can. | ||
| So, at Philip Patrick on Getter there. | ||
| Thank you, brother. | ||
| Fantastic. | ||
| Remember, take your phone at Bannon at 989898 to get the free brochure, Investing in Gold in the Era of Trump, the ultimate guide. | ||
| Not kind of a guide, the ultimate guide. | ||
| Philip Pachter, thank you so much. | ||
| I know during a trading day, it's tough to get you away from the desk. | ||
| Thank you so much, sir. | ||
| I appreciate you. | ||
| Thank you, Steve. | ||
| Do we have time to play the clip on tariffs? | ||
| Can we go ahead and play it? | ||
| Let's go ahead and play the clip. | ||
| I'll probably bring John Gardner in after the break, but let's go ahead and play it. | ||
| And now, to my fellow Canadians. | ||
| I won't sugarcoat it. | ||
| This is going to be tough. | ||
| Even though we're all going to pull together, because that's what we do. | ||
| This is a hammer blow. | ||
| To the Mexican economy, it's a hammer blow. | ||
| I think within 100 days, Mexico could be in a major, I don't know, recession or depression. | ||
| He's done this for many reasons. | ||
| One is to get their attention about the fentanyl labs and about the cartels. | ||
| And I think you're about to see, you know, Trump is winding down and negotiating down to get out of the kinetic part. | ||
| Of the Third World War for the forces in Ukraine and in Europe and in Russia and the Eurasian landmass. | ||
| He's going to negotiate now with the Persians as the Russians. | ||
| It looks like they could be intermediaries about that nuclear situation. | ||
| But down in Mexico, I'm telling you, those guys should go pull the news stories of how it turned out for ISIS. Because between the striker brigades down there, the 12,000 combat troops and combat logistics that Pete Hexas, Secretary of Defense, has put down there, that's not for sealing the border. | ||
| The border right now is technically close to being secured. | ||
| We've got to build the wall. | ||
| We've got to put other people down there and make sure this never happens again. | ||
| But I'm saying for at least an immediate operational. | ||
| And they told you it can never happen. | ||
| You had to pass the Senate bill. | ||
| You had to do all this. | ||
| That was all a lie, all misrepresentations by the Republican establishment, playing the game with the Democrats. | ||
| And remember, the core issues, basic issues, root causes is the phrase, root causes. | ||
| You had to do the root causes down in Central America. | ||
| Turns out you didn't. | ||
| What you had to do is get attention to people and take some action. | ||
| President Trump did that. | ||
| These tariffs, though, also are the economic reset. | ||
| The new economic model. | ||
| John Gardner, our next guest, after the break, came up with this concept of external revenue service, that up until the beginning of the IRS, the whole burden was not put on American companies, American entrepreneurs, and particularly American citizens called taxpayers. | ||
| Under McKinley and all the way back to Hamilton, it was really financed from overseas, from customs, fees, duties, tariffs, you name it, baby. | ||
| That's what they did. | ||
| That's why the Boston Tea Party, all these things were so big about trade, right, and about contraband. | ||
| John Garner is going to sit and tell us about tariffs, the power of tariffs to bring manufacturing jobs back. | ||
| You cannot divide what happened with Taiwan, semiconductor manufacturing, what happened with Apple, with these hundreds of billions of dollars of advanced manufacturing coming back to the United States, unless you think about the tariffs and the threat of tariffs that President Trump had. | ||
| Short commercial break. | ||
| break. | ||
| We're going to return in the war room on the day of, by the way, Fat Tuesday, here in the war room. | ||
|
unidentified
|
Here's your host, Stephen K. Van. | |
| you We're going to try to squeeze every penny out of you because they have a massive deficit, and President Trump's going to try to get this sorted tomorrow night. | ||
| Elon Musk is going to go to Capitol Hill right now. | ||
| It's been reported to meet with the Republican Conference. | ||
| The one question I think people were asking is, yo, dude, the Pentagon, $80 million, not enough. | ||
| We've got to find out what's real in Doge. | ||
| The firing for effect has been amazing. | ||
| Democrats are on the back foot, people loving it, but we've got to have some reality. | ||
| I mean, Promised a trillion dollars. | ||
| If it's not a trillion dollars, that's okay. | ||
| Just tell us what it's going to be, because this is going to determine the negotiation over the CR. Tax Network USA, tnusa.com slash Bannon. | ||
| You get a free consultation and even more. | ||
| Or call 800-958-1000. | ||
| Do not let the letter from the IRS sit in the desk. | ||
| Please, don't let that happen. | ||
| That's a no-win. | ||
| Not saying they can take everybody on. | ||
| They don't commit to take everybody on, but you get a free consultation. | ||
| 800. 958-1000. | ||
| Take your tale of woe to them. | ||
| They've heard it all before. | ||
| So make sure you go. | ||
| Tax Network USA. Peter McElvin, a hat tip in London. | ||
| Of course, I did the live Sky News broadcast today. | ||
| I'll play a little of that in the second hour. | ||
| Their heads were blowing up because I called Zelensky a punk and a crook on live British television. | ||
| I don't think they've heard that for a while. | ||
| But you've been doing tremendous work here in the United States from your broadcast. | ||
| And we pick it up every day. | ||
| It puts you on our platform every day. | ||
| You've been doing great work. | ||
| CTA, what is it? | ||
| What has been the resolution? | ||
| It's been a great victory for you and the Trump administration, sir. | ||
| Well, thank you, Steve. | ||
| It's been the Corporate Transparency Act. | ||
| And, yeah, I know you became aware of this and had me on maybe over a month ago. | ||
| And this was a reporting issue. | ||
| You register your company at the state level. | ||
| And this was a huge overreach by the federal government that they wanted every small and medium company to register on their database. | ||
| And if you look at small and medium companies, it's over 40%, 45%, I think, of US individuals are employed with small companies. | ||
| So this was massive overreach. | ||
| The federal government have no right to ask about this. | ||
| And you wonder what would have happened to that. | ||
| Now, President Trump had posted on Truth, exciting news. | ||
| This was yesterday. | ||
| The Treasury Department has announced that they are suspending all enforcement of the outrageous and invasive beneficial ownership information reporting requirement for U.S. citizens. | ||
| This Biden rule has been an absolute disaster for small businesses nationwide. | ||
| And of course, if you didn't register, then you were liable to fines of $591 per day and up to two years in jail. | ||
| So FinCEN have the Financial Crimes Enforcement Network. | ||
| I don't think any small business owner expected to have to register with a Financial Crimes Enforcement Network. | ||
| It seems to be that everyone... | ||
| No one was guilty unless proved otherwise. | ||
| But that was the push from the federal government, from the Treasury. | ||
| Every small business would have had to go on this huge, huge database. | ||
| This has been held. | ||
| The law still stands. | ||
| But basically, there are no repercussions. | ||
| There are no penalties. | ||
| There are no expectation to do that. | ||
| And if you don't, there are no penalties. | ||
| So the next step will have to be to look at removing that law. | ||
| But at the moment, the Treasury have said, which President Trump reported yesterday, they will no longer be enforcing this crazy overreach of legislation. | ||
| Brother McIlvaney, I can tell you that it was your show and the consistent you had guests on and continue to talk about and come on War Room that had a major impact over here with Scott Besson, people at the Treasury and at the White House. | ||
| Everybody wants to say thank you, particularly entrepreneurs. | ||
| You've nailed it. | ||
| Another burdensome over-regulation by the administrative state. | ||
| Sir, I know it's late in London. | ||
| How do people get to the show? | ||
| Everybody's going to want to watch it now. | ||
| Where do they go? | ||
| They watch on War Room, Rumble and Getter, every Monday, Thursday. | ||
| We have guest interviews, 3pm Eastern. | ||
| And on Saturday at 3pm, we have a news review programme. | ||
| So this Thursday, we have Ezra Levant from Rebel News up there in Canada talking about the great work they're doing, the upcoming Canadian elections in five months, what's going to happen. | ||
| So that'll be on Thursday, 3pm Eastern. | ||
| Ezra Levant, that will be fantastic talking about Canada since the economic war just went to the great white north. | ||
| Peter McElvain, on social media, where do people go? | ||
| At Hearts of Oak UK on X and everywhere else at Hearts of Oak or heartsofoak.org is the website. | ||
| Proud of you, sir, and thank you very much from your American cousins here for helping us on this one. | ||
| Appreciate you. | ||
| Thank you, Steve. | ||
| President Trump's administration is on fire, and I'm telling you, when they pick up information like this, this is the way you have to do it. | ||
| This is why we love being a platform for people coming up and saying things. | ||
| They've got their own podcasts. | ||
| There's so much information out there. | ||
| We've destroyed the mainstream media. | ||
| It's just incredible. | ||
| One of the people that are part of this launching Lindell TV and Frank's speech and all of it and doing so much work about election. | ||
| We got this time was not just too big to rig. | ||
| We were actually more organized. | ||
| You had 500,000 people trained to our various programs. | ||
| But there's still major issues. | ||
| You look at down ticket. | ||
| There's a lot of questions in a lot of places like in Arizona and North Carolina, these MAGA states. | ||
| Mike Lindell, the attorney general of state of Minnesota, is trying to shut down, I can say, my pillow and shut down your voice, sir. | ||
|
unidentified
|
Absolutely. | |
| And Steve, I'm just reading the articles today, the Denver Post, the Washington Post. | ||
| I am now a prominent election denier. | ||
|
unidentified
|
I wonder if I'm still a conspiracy theorist. | |
| They're attacking me all about, because Tina Peters, obviously, that's all coming out now, and hopefully she gets free very soon. | ||
| But yeah, the Attorney General is attacking me, Steve. | ||
| The IRS, they're going in full force, everybody. | ||
|
unidentified
|
Why? | |
| They want me to shut up about the election platforms, which I'm never going to do. | ||
| You said it right. | ||
| There's problems here. | ||
| We have the worst selection platforms in the world, and we are going to get them secure, no matter what. | ||
| And Steve, I got a great special with the MyPillow, you guys, that's still going on. | ||
| This is a War Room exclusive. | ||
| $9.98, the MyPillow 2.0, with all those commemorative designs. | ||
| So guys, let's not forget our history here with these pillows. | ||
| Free shipping on your entire order. | ||
| The blanket flash sale that we have save up to 80%. | ||
| Once they're gone, they're gone. | ||
| The crosses you've all allowed to save 30%. | ||
| But free shipping, you guys, in your entire order. | ||
| You got the towels on sale, all of the pillows on sale. | ||
| Get the beds and the mattress toppers, 100% made in the USA. You guys have been our biggest supporters. | ||
| My employees have been... | ||
| You know, every day, I guess they're just getting used to being attacked. | ||
| And even in our home state by our own Attorney General, the worst, one of the worst politicians that ever walked. | ||
| Right next to Kirk and Jenna Griswold in Colorado. | ||
| I've been on the phone all day attacking, fighting back, fighting back, everybody. | ||
| So God bless you. | ||
| Get them. | ||
| 998 Promo Code War Room. | ||
| Short commercial break. |
Export Selection