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March 6, 2025 - Bannon's War Room

51:50

Episode 4318: Developing A True Free Country; Gaining True Control Over Your Life

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steve bannon

30:04

Appearances

Clips

donald j trump

00:04

harry enten

00:09

jonathan lemire

00:16

kate bolduan

00:13

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Show episode speakers

Speaker	Time	Text
unidentified		For Ford and General Motors since the inauguration day compared to the overall market, the overall market we know has come down still up here.
		Ford and General Motors kind of went off a cliff after inauguration, down 10% for General Motors, about 7.5% for Ford.
		And here's a quote from the Ford CEO before yesterday.
		Tariffs will blow a hole in the industry that we have never seen.
		And so he said in his speech just now that he had spoken to all three automakers and they were happy.
		Well, a day later, they called the White House and said, no, we're really not so happy.
		We need you to at least pause these tariffs and hopefully get rid of them.
jonathan lemire ▲ ● ▼		So Trump also touched on how tariffs, a different set of tariffs, may affect America's farm workers.
jonathan lemire ▲ ● ▼		Let's listen to some of that.
donald j trump ▲ ● ▼		Our new trade policy will also be great for the American farmer.
unidentified		I love the farmer.
unidentified		Who will now be selling into our home market, the USA, because nobody is going to be able to compete with you.
jonathan lemire ▲ ● ▼		He later said that farmers go have fun, but Steve, you say that they'll lose a huge market to actually sell their goods.
unidentified		Well, he may love the farmers.
		I'm not so sure they love him at the moment.
		Let's just go back to Trump 1 for a second, because he also put tariffs on, as you remember then, and there were retaliatory tariffs.
		In 2018 and 19, the government collected a total of $50 billion from all the tariffs that we imposed on things coming into this country.
		We then gave back $24.5 billion to the farmers to compensate them for their lost exports.
		That did not go so well.
		Let's see why.
		We export a huge amount of soybeans, 7.7 billion, and even more of corn, 13.1 billion.
		We export virtually none of it.
		So if we lose these exports, this stuff stays in the American market.
		Americans are already buying all the soybeans and corn they want to buy.
		So I don't really see how this is great for American farmers, how this sort of allows them to, quote, sell things at home when we're already selling everything we can at home and sending the rest of it overseas as one of our major exports.
		This, to me, was one of the more shocking figures that I saw.
		Made me go, wait a minute, hold on one second.
		Whoa!
		Americans on Trump and Joe's efforts.
		Musk and Doge should influence government spending and operations.
		Look at this.
		Fifty-four percent.
		The majority say that he and they should.
		How about a proof of Trump trying to cut staff at government agencies?
		Again, you get a majority here.
		Fifty-one percent.
harry enten ▲ ● ▼		So, yeah, Elon Musk might not be that popular, but these cuts and the idea of spending cuts, at least within the federal government, and cutting at government agencies, that actually has majority support.
unidentified		I was truly surprised by this, Kate, but the numbers are the numbers.
kate bolduan ▲ ● ▼		Well, there is a view that cuts across Democrat and Republican of people thinking that Washington is too big.
		Bloated federal government, waste, fraud, and abuse.
		I mean, those are drain the swamp is what people run on over and over again.
steve bannon ▲ ● ▼		No, let me have it.
		No, no.
		Yeah, I want it.
		Let me have it.
		I want to play that some more.
		Right there, the saying, the consensus.
		And Elon's numbers may be dropping.
		I would argue he's probably a heat shield for President Trump.
		I think in that regard, positive.
		People are in back of this.
		They want to get the waste, fraud, and abuse out.
		And that is across, that part of it is across aisle.
		The programmatic cuts are not across the aisle.
		The Democrats want a bigger government.
		They want more intrusive government.
		That's why it's deconstruction in the administrative state.
		It has to be done programmatically and by billets.
		And you're going to have to do the Defense Department if you have any hope of doing some of the social programs, including part of Medicaid.
		And Medicaid is going to be a tough cut, but I think with work requirements, block granting, Back to the states where you're not just stiffing the states.
		It's got to be some 30% air pocket, but I mean a real block grant back where you know it's going to be properly managed and financed and cutting out illegal aliens.
		Got to do it.
		And then you got to get into the mandatory spending.
		You're not going to get there until Social Security and Medicare are off the table.
		And I don't think there's any confusion in President Trump.
		They make a huge deal.
		He's going through all these numbers.
		People are being paid where they're 150 years old.
		We understand that that is, in all likelihood, a computer filing system.
		I would love to be the fact that they were doing it.
		But I think the two mandatory programs, you're simply going to have a...
		It's a contract to the American people.
		And contractually, they're not going to give it up when they don't believe the political class.
		And this gets back to my point on where we are in financing all this.
		This audience is very important.
		You guys are critical.
		That's when people come here while they talk, hey, because of you.
		You're the factor of human agency.
		It's your agency, and it's going to be huge in this play.
		And that's why I think it's pretty obvious.
		To back a clean CR, which is something in this audience, you didn't back it when I was in prison.
		Thank God.
		It made it harder.
		They wanted to do a whole year at that time and had every reason, every excuse in the book.
		In December, it's supposed to be to get the appropriations and have President Trump's input.
		Well, I would say that President Trump's input, it's not perfect.
		They didn't get the appropriations, it's not perfect, but it's what Doge has found so far.
		We have to have a range.
		I don't think it's, and I, hey, in the house, not asking specific questions about that last night, you gotta stop fanboying and you gotta stop the fantasy.
		We don't have capes on.
		This is grinding it out, and this is gonna be very tough.
		We have to face reality.
		I particularly don't feel great.
		That after this show was the one that said, you've got to force them across the Potomac to the Pentagon.
		Because remember, all the people around him said, no, no, no, no, Pete Hex is going to handle the Pentagon.
		Doge will do everything else.
		No, no, no, no, no.
		It doesn't work like that.
		It doesn't work like that.
		Pete's got his own issues and the account audits all this stuff.
		This has got to be an outside fresh set of eyes.
		If you're going to do it for part of the government, you've got to do it for the biggest part, and that's the industrial complex over the Pentagon.
		Three weeks there.
		Have you seen any big announcements every day?
		You got Sean Parnell, who's as good a guy as you're going to find, head of comms over there.
	And Sean comes out and says, hey, it's been, I think he told Bloomberg, $80 million.
	Three weeks, $80 million, I'm not feeling good.
	You're not going to get to a trillion dollars doing that.
	And we have to see what the reality of the trillion dollars is.
	If it's a trillion dollars, I'd be the happiest man on God's earth.
	Because then we would be down the path to a solution.
	Having worked in finance in my entire adult life outside the Navy, I don't see it because you can't feel it.
	Maybe it happens.
	And if that's not the case, then you have to go to the programmatic cuts.
	And this is my point.
	That's when it gets down and dirty.
	That's when there's no coming across the aisle.
	It's not.
	Is Nate up?
	Do we actually have him?
	Do we actually have him?
	Okay, fine.
	You might want to tell me that next time.
	Nate Fisher joins us, CEO of New Founding.
	Taking up half your time.
	Nate, what is New Founding?
	You're one of these, you're in this movement, in the MAGA movement, in kind of this new right movement.
	You're one of these intellectuals that are a tech guy.
	You understand tech and you're trying to bring tech and get it into the MAGA movement in a smart way.
	Because you're also coming at things in a deep spiritual way.
	Walk through what New Founding is.
	Why is it important?
unidentified		Thanks for having me, Steve.
		So, New Founding is a venture firm, and I would say really what I'm trying to do is I'm trying to look at the macro landscape and look at both where we want to go.
		And where forces are moving us that are changing the country, largely tech-driven forces.
		And then think about the levers in business and technology that can both help get us there and ultimately we're a business, we're a venture firm, we're betting on businesses.
		That can be profitable if we achieve an outcome we find desirable.
		So we have an early-stage venture fund.
		We've invested in about, at this point, 10, 12 companies, depending on when you start.
		And we have a few companies we're incubating ourselves, some of which are conventional sort of technology ventures, some of which I would say are very different.
		One is a development in...
		Kentucky and Tennessee and rural Kentucky and Tennessee, we're actually focusing on a new vision for local and small-town life.
		So I think as technology changes, you obviously focus on the technological, but people also think...
steve bannon ▲ ● ▼		Well, hang on, hang on, hang on.
		The reason I find you fascinating, besides the fact you went to Harvard Law School, and I think your wife did too, and you've dedicated your life, you've dedicated your life not to be at Cravath or Sullivan and Cromwell, which I find amazing.
		The Guardian, which you know is one of my favorite papers because it's so well edited.
		The content is totally left-wing, very progressive.
		But The Guardian says, and particularly about your situation in Kentucky, you're a white nationalist, you're a quasi-cult, you've started this, you're like Robert Owens back in Indiana in the 19th century, right?
		You've started this kind of white, it's not in the American Redoubt in Montana, Idaho, or Wyoming, but you've taken it to Appalachia.
		What's your response to that, sir?
unidentified		Well, the first response is they threw out white nationalists, and then we challenged them on it.
		They had literally nothing in the article supporting that claim at all.
		Three hours later, they changed it to Christian nationalist, which we sort of settled with.
		But I think a lot of people frame—that actually points, I think, to how we approach this problem generally.
		A lot of people look at that.
		We're building a community.
		We're intentionally marketing it to Christians.
		We're sort of advertising a very different way of life, a very pro-Christian way of life.
		A lot of people sort of instinctively like to say, well, that must be a cult.
		What we've actually done and really the people we've reached here have been high agency people who are often grinding it away in sort of a suburban life and a big firm life and whatever.
		And they realize they have almost no control over their life and almost nothing they're doing is actually shaping the country in a way that is building a future that they want for their kids.
		And that's just profoundly dissatisfying, not to the sort of...
		Low agency people that cults often prey on, but actually the high agency people, people who feel like they have the potential to do more.
		So more than anything, what we're trying to do is offer a landscape, offer a platform where people like that can come and they can be around a critical mass of other people who share enough of their vision, but also just want to build.
		I think what has resonated from the very beginning, we launched this in January 2021, a very, very dark day for our movement, a very dark month for our movement.
		What's resonated about our mission is we're looking for and trying to offer paths to sort of, in many cases, regular people, people with business skills or whatever, people who haven't been, don't see levers for impact in politics, for them to Feel like they can actually build the country they want to live in.
		And that resonates.
		That's a very American mindset, and it's one that I think people are hungry for, and it has drawn a lot of people over the last four years.
steve bannon ▲ ● ▼		Those are the connective tissues.
		I want to get to this because I think this is why people on the progressive side and kind of our opposition are deadly afraid of you.
		Because, not just the intellect, but it's this kind of Christian nationalism or your belief in Judeo-Christian West in high agency combined, that whatever you're doing, whether it's tech investment, whether it's starting this new entity in Appalachia, or whether it's other things you're doing to look through how you can restructure the American economy to be more effective, maybe not more efficient, but more effective, you scare people.
		Why are they afraid of someone that say, hey, I believe in the Judeo-Christian West, I am a Christian nationalist, and I believe in high-agency people?
		In fact, we don't believe, low-agency people are what in cults, but we believe in high-agency people, Christian nationalism, the Judeo-Christian West.
		Why does that make the Guardian afraid of you?
unidentified		So I think fundamentally, I see it as parallel.
		I see it in some ways as parallel in the business world to what you see with the Trump shift, where we're no longer afraid of power.
		We're no longer afraid of recognizing that the decisions that are made in the spaces we operate are values-laden.
		What you saw with Trump was someone who realized, rather than this sort of reflexive libertarianism, principles-driven libertarianism that had sort of governed it, I would say, hamstrung Republican politics for so many decades, he realized you can actually use government as a force to achieve an end.
		You are establishing a vision that you find attractive.
		You're rallying people around that, and you're using levers at your disposal to get there.
		And in the case of Trump, heavy focus on government.
		of those levers.
		I would say the same thing is actually true in business and venture.
		So venture, at its very essence, is political.
		In some sense, you are envisioning a future that doesn't exist.
		And what an entrepreneur does is an entrepreneur wills that into existence and uses whatever levers are out there, in particular in a time of technological change.
		Using the levers of technology can be a very powerful way of achieving the desire at the end you want.
steve bannon ▲ ● ▼		Nate, hang on for one second.
steve bannon ▲ ● ▼		We'll take a short break.
unidentified		Nate Fisher from New Founding.
steve bannon ▲ ● ▼		One of the most consequential young men in this country today.
steve bannon ▲ ● ▼		Short break.
unidentified		But I'm American made.
		I got American part.
		I got American babe.
		In America's heart.
		Stephen K. Vance.
steve bannon ▲ ● ▼		Okay, you know in building the alternative patriot economy...
		We've been on kind of rural.
		Patriot Mobile is your phone service.
		Remember, if you call, you get an American citizen.
		It supports your values.
		It gives to philanthropic and charities, whether it's First Amendment, first responders, all of it.
		They're huge in their pack in Texas on sorting out the mess in the schools down there.
		The key is to switch.
		You want to learn how to switch?
		972-PATRIOT. 972Patriot or PatriotMobile.com slash Bannon.
		You get an operator, talk to them about what you need to do to switch today.
		It's layered on top of the other carriers, so you get amazing service.
		And if you put in Bannon, or if you tell the operator Bannon, you get a free month.
		Go check it out today.
		Glenn Story and the team.
		I want to thank them for having us down at Tarrant County.
		That was amazing.
		Folks in Tarrant County are absolutely incredible.
		Nate Fisher, when you're putting money to work at Newfoundland, you said, hey, it's actually a political act because you're actually foreseeing the future with the entrepreneur.
		What is the future you see?
		You've got this going on in Appalachia.
		You've got these other endeavors you're working on about actually trying to restructure the American economy.
		You're a venture capitalist.
		What is the future that you see?
		Why is The Guardian considered you one of the most dangerous young men in this country, sir?
unidentified		Key point, we're envisioning a future that could be, and it's not guaranteed.
		And I think you look at, and that's ultimately what scares them.
		You have guys like Sam Altman and sort of other people in technology who will try to paint a picture of almost inevitable tech change in one direction, very transhumanist direction.
		Fundamentally, we don't have to accept that.
		We can use technology in a way that complements people, that ultimately uses it to Fundamentally, the future I want to see is one where human agency remains a central...
		It's the opposite of highly centralized tech platforms.
		And it's the opposite of sort of handing our life over to technology as transhumanists want.
		And that touches any number of questions.
		It touches how we live our local life.
		It touches how we use the internet.
		It touches what we bet on.
		And ultimately, I think that's a bet on people.
		And I think it will pay off.
		So from a business perspective, It will pay off, but there's no guarantee you get there.
		There's other paths where you hand more and more.
steve bannon ▲ ● ▼		In the algorithmic age, are you just nothing more than a modern Luddite, sir?
unidentified		Not at all.
		I think that throughout history, you've seen...
		You've seen people master technology, and you've seen people hand things over to technology.
		You ultimately look at America, and I think America has thrived as it has, not because it was afraid of technology, but because it built a culture of people who knew how to master technology and how to use technology for their ends.
		Ultimately, those are the people who are going to produce better innovations and better and more effective companies that use technology as well.
		It's not even something we need to fear.
		It's something we need to master.
		We need to realize what the purpose is, and we need to ultimately not be—we shouldn't be led along.
		I look at the TikTok algorithm as sort of the epitome of hand your life over to technology.
		Social media is no longer even social.
		It's just sort of determined by what the algorithm recommends next.
		That's one path you could see.
		The other path is not one where you throw away your phone.
		The other path is one where you use your phone to make the connections you want to use to share the content you want to use to ultimately, in many cases even, bring your community closer together.
steve bannon ▲ ● ▼		Nate, this is great.
		I want to spend a lot more time with you.
		Until then, where do people go to get your writings?
		Where do people go to find out more?
		And particularly, where do people find out more about this development you're doing, this community you're building in Appalachia and Kentucky, sir?
unidentified		So our website has a lot, newfounding.com.
		You can go there.
		I've written a few pieces there.
		We have a piece about the Highland Rim Project, which is this development we're doing.
		Chance to get on the wait list.
		Chance to actually inquire about moving there.
		And then I'm active on X. I'm very active.
		That's been a platform since the beginning for us.
		So, those are the two best places to find us.
steve bannon ▲ ● ▼		And how do people get to you on Twitter?
unidentified		On Twitter, at Nate A. Fisher, my name.
steve bannon ▲ ● ▼		Thank you very much, brother, for coming on.
steve bannon ▲ ● ▼		I appreciate you.
unidentified		Thank you for having me.
steve bannon ▲ ● ▼		Take your number two pencil out and write that down.
		High agency.
		Honored to have on again Brigadier General Amir Avivi, retired from the IDF. Sir, President Trump has been, in the last 24 hours, has been very much adamant about it.
		He's kind of putting a deadline on the Muslim Brotherhood franchisee Hamas about no more games.
		This thing's got to be fulfilled.
		We need to see the hostages dead or alive, but I want to see all of them.
		Or you're going to have to deal with, essentially deal with the IDF and him.
		Can you get us up to date on what's the plan, what's actually happening?
		It's a little confusing here in the United States, sir.
unidentified		Yes, I must say that we wouldn't have seen any hostages coming back as we saw in the last two months without President Trump standing strong and sending a clear message to Hamas that the gates of hell will open if they don't release hostages.
		This helped us release 33 hostages.
		And now the message is clear.
		Either continue releasing, bring us back our hostages, or the gates of hell will open.
		And the IDF is currently preparing for a decisive attack against Hamas.
		And as President Trump said, the U.S. is equipping the IDF, Israel, with everything we need to move forward and attack in a decisive way that will destroy Hamas as a governmental and military entity, enable us to release the hostages and create a new reality in Gaza, where never again there will be a terror army controlling this area.
		And, of course, this has to do also with the plans that come afterwards of relocating the Gazans to new places.
steve bannon ▲ ● ▼		So the question is, you know, particularly people that follow this closely, they're a little surprised the IDF didn't take care of this the first time.
		Is this because did the Biden administration hold you guys back?
		Was there tactical issues, operational issues?
		Because people thought...
		That given October 7th, that this thing would be taken care of relatively quickly.
		Obviously, it hasn't.
		You guys are planning now for a second sweep, a second incursion.
		Why did it not happen the first time?
		Was that Biden administration or was it more related to the IDF? It relates to many issues.
unidentified		One thing is that we had the military leadership that didn't believe in really going and conquering all of Gaza.
		Another issue was that we knew, as we were fighting in Gaza, that we're fighting on seven different fronts, and we have to get ready to move the whole army from Gaza to Lebanon and Syria.
		We needed to keep the troops fresh and not really invest them completely inside Gaza.
		We knew we had to go to the north, so they decided to concentrate more on raids and degrading Hamas as a military entity.
		And then after 10 months, we destroyed roughly 70%, maybe 80% of Hamas.
		The center of gravity was moved from Gaza to Lebanon.
		And there we really did a good job.
		Decisive attack that brought Hezbollah on its knees in a few weeks.
		And this also brought a collapse in Syria, where we destroyed 80-90% of the Syrian army and their capabilities.
		And now the North is in a completely different reality.
		And, of course, there is also the issue of Biden.
		Until January 2024, the Biden administration was 100% with Israel, and this helped us a lot.
		But then there was a complete change in the policy.
		And from that point onwards, the administration tried in every way possible to stop Israel from achieving its goals, looking for...
		A ceasefire is decreasing the operations and so on, and of course also stopping munitions.
		This affected us dramatically.
		Israeli soldiers paid with their lives because the administration wouldn't give us munitions.
		This was devastating.
		It slows us down a lot.
		And now the reality is completely different.
		Completely different leadership of the army, a new chief of staff.
		Determined to win this war.
		Endless amount of munitions that are coming from the U.S., but also being produced in Israel.
		The Israeli industries have grown dramatically throughout the war.
		The huge support President Trump is giving Israel and the umbrella needed to really move forward in the center troops and win the war.
		Everything is different and we are in a new reality.
steve bannon ▲ ● ▼		This is what I think gets me from a surprise.
		Hezbollah had such a great reputation in light infantry, the Syrian army.
		You pivoted to the north and absolutely, effectively destroyed Hezbollah and destroyed the Syrian army, yet you seem bogged down in Gaza.
		Is it because urban warfare you're not prepared for?
		And I think people think the victories against Hezbollah were pretty shocking.
		It's really put the Persians on their back foot, sir.
unidentified		Yeah, I think that we were much more prepared for the fight against Hezbollah.
		The intelligence was very, very good.
		We saw also the pagers and other capabilities that were developed by the Mossad that completely created awe and shock among Hezbollah troops.
		In Gaza, the issue of the tunnels, the whole Gaza Strip.
		Is dug with tunnels.
		This created a very, very complex environment for the IDF. I think no army in history has fought in a battlefield similar to the Gaza Strip.
		It turns out that the Gaza Strip was much more complicated than the North.
		And also we have to remember that we had our people inside.
		That were captured by Hamas, kidnapped.
		And there were areas in Gaza we couldn't go into.
		As long as they are holding Israeli people there, we cannot go in.
		We will endanger their lives.
		So this created limitations on the operation.
steve bannon ▲ ● ▼		General, just hang on one second.
		We'll take a short commercial break.
		Brigadier General Avivi from Israel next in the war room.
		Okay, just on a programming note, just on a programming note, and by the way, we might want to note, and by the way, we might want to blow the break since we're going to go to and We're going to go to Raheem Kassam live momentarily at the New York Economic Club.
		Secretary of Treasury Scott Besson, as you know, one of our contributors here.
		Now Secretary of Treasury is going to give a major address at the Q&A also.
		From 12 to 12.45, talk about everything's happening on Capitol Hill.
		Everything's happening with tariffs.
		Everything's happening with the American economy.
		Very important.
		Rahim is there live.
		I'm going to go to him in a moment.
		General, there's been a lot of discussion about a new chief of staff.
		Look, when you have a chief of staff that was there before, and he was chief of staff when he took down Hezbollah and took down the Syrian army, that's not too shabby.
		Why was a change made?
		Do you know the new chief of staff, and why is he the right guy for right now?
		Since, obviously, it's going to get a lot more kinetic, it appears, in Israel, sir.
unidentified		Yeah, I've known Ayyaz Damir, the new chief of staff, for the last 20 years.
		He comes from the armored forces.
		He's a guy who really, really understands big wars, ground forces.
		Really, the fact that a war is the realm of uncertainty.
		He's a brave officer.
		He talks clearly about victory, about the need to win decisively, about the need to destroy our enemies and really win.
		Therefore, he's the right guy.
		I think he's going to do a great job.
		Looking forward to see how he commands the war in Gaza and also in other fronts.
		We have to remember we have Iran.
		We have to deal with Iran and their nuclear program.
		It's a huge challenge ahead of us.
		It's not only about Gaza.
		We have to continue to secure the northern borders and also deal with Judea and Samaria, with many terrorists that attack from the Palestinian cities in this area.
		He has many challenges, and he's the right guy at the right moment.
steve bannon ▲ ● ▼		Do you believe you have the political support from Tel Aviv, from the current government?
		I mean, President Trump is basically all in.
		He's given Hamas a deadline, and he says he'll unleash hell if they haven't complied with that.
		Do you think you have the support of the Israeli government, 100%?
unidentified		He has the support 100% of the government, of the people.
		Netanyahu three times tried to appoint him as chief of staff, knowing that he is the right guy for the job, and now it happened.
		He's very much liked by the society and the government as well.
		And now it's up to him to show that we chose well and to do the job.
		And I think he understands.
		I spoke with him a week ago and said to him, you know, all the people of Israel are looking up to you and they want one thing, total victory, nothing less.
		He said, Amir, I know.
		I know exactly.
		What is needed to do, and I'm going to get the job done.
		And I trust he will.
steve bannon ▲ ● ▼		Brigadier General Amir Avivi, thank you so much.
		Do you have social media?
		Can people follow you here in the United States, in Israel?
unidentified		Yes, definitely.
		Our website is idsf.org.il.
		We do, by the way, four times a week a daily briefing, really updating people exactly what's going on on all fronts and where this is going.
		And we're very much into the details, working with the government and the army.
		And tens of thousands of people follow.
		And I invite everybody to follow our briefings and also our content in the website.
steve bannon ▲ ● ▼		Perfect.
		We'll make sure we start streaming that.
		General, thank you so much for joining us today.
		Appreciate you.
unidentified		Thank you very much.
steve bannon ▲ ● ▼		President Trump, if you know him, this is one that's...
		You know, I tell you, one of his best sayings is no games.
		I think he feels that Hamas tried to play some games with him.
		When he really, I think, he and Steve Witkoff did a deal that a lot of people were not totally excited about, but they did it to try to, just like in Ukraine, I mean, President Trump's, you know, not going to satisfy everybody.
		He's bringing so many different parties together and so many of these different strategic relationships.
		And those that support him understand why he's doing this.
		But this one right here I think could be a big one.
		And I think we want to get ahead of it.
		This new chief of staff is a guy I don't think you mess around with.
		And as you know, Bridge Colby I think is going to get confirmed.
		We're very much, and we said yesterday with this leaked story that the Russians working with the American, I think it was Witkoff and his team, in Riyadh.
		Planning on these meetings on this Russian rapprochement talked about actually getting to the Persians and getting a diplomatic relationship because the last thing on earth anybody wants is any type of military situation there because then it's just going to spread to a...
		A whole fiasco like you have in Ukraine.
		And President Trump is working nonstop to do that.
		President Trump is working nonstop to deport 10 million illegal aliens in the country.
		And President Trump is working nonstop to try to sort this economy.
		The weight of the world is on his shoulders.
		You wouldn't have known that the other day when he went to the House.
		And I've got to tell you, I do think it's one of the greatest speeches ever given, the more you watch it.
		His total command of the facts, his total command presence.
		And the demonic response of the Democrats.
		That's why, and then yesterday, I thought it was so great that DJ Dan just got stopped by, you know, our little tent there by Pebble Beach and see Natalie giving his star turn the night before.
		And his star turn really wasn't just not his dad hugging him and everything was said and becoming an honorary member of the Secret Service.
		It was when the West Point, you're going to let me know when Raheem's there, it's when the young man Was accepted into West Point, and President Trump told him right there, because, hey, having Mo go to West Point, it ain't easy to get in, and the parents and the kids are kind of on tenterhook, so to do that live was amazing.
		Who's the first guy to congratulate?
		DJ. Came from behind and did that high-five, and when he did that, I said, that kid is the real deal.
		That young man gets it.
		And to have Nicole Wallace and these people just hating on him, and Debbie Dingell and those freak show congressmen.
		Give him stink eye the entire time.
		It's outrageous.
		But President Trump's got to make hard calls.
		Let's go back to this budget.
		I'll have more on this later.
		People are working nonstop.
		We do want to see the doge.
		Right now it's going to come down to one of two things.
		And what President Trump wants is impoundments.
		He wants to have, after it's done, he's going to come back with a series of doge cuts and I think other cuts.
		I think programmatic cuts.
		Between now and the end of the year for this fiscal year, 25. And he's going to say, I'm going to impound that money.
		It's my right.
		In fact, it's my duty under the Second Amendment to Article 2 of the Constitution.
		It's my right to do that and my duty to do that as chief executive of this government.
		That is going to go to the Supreme Court.
		I am a lot less confident of that today.
		Then I was a couple weeks ago, and I wasn't all that confident then, not 100%, not like Russ and some other people think this thing's a slam dunk.
		I just, because I think Roberts and Amy Coney Barrett, you know, don't get it.
		They're afraid.
		They're afraid.
		Do we have Raheem?
		Okay, fine.
		So we don't have to break, Raheem's trying to get set up right now, see Raheem at the New York Economic Club.
		We're producing or directing kind of simultaneously.
		Raheem's on site.
		Anyway, I'll get back to this.
		So it's rescissions versus, and rescissions takes another vote and go back up.
		You know, Elon kind of agreed to it, but he admitted he didn't know much about what it was.
		Lindsey Graham and those guys said.
		And Lindsey Graham's quote was that he was losing altitude.
		I think when you look in the internal polling, they are losing some altitude among voters who are kind of up in the air about really what's going on with Doge.
		And he says, you've got to do these rescission packages.
		Rand Paul said it could be up to $500 billion.
		It'd be in tranches of $100 billion.
		You know, Elon said, okay, that's not a firm commitment.
	He says, hey, that sounds good.
	I didn't know about it.
	It's either impoundments or rescissions.
	It's got to be one or the other.
	But I keep telling you, you have to give a range.
	You just can't walk into this blind.
	Because, hey, if you do this and then there's none, people are going to be furious.
	They're going to go, hang on for a second.
	We agreed to Biden's number, $2 trillion, and there were no cuts.
	Whether the methodology uses rescissions.
	Or whether it's impoundments.
	They had no cuts this year.
	That's not going to wash with folks.
	It's not going to wash with this audience.
	If you back the president's play and then later you find that, hey, we really couldn't get it.
	But to get it next time, we're going to get it in the appropriations.
	We've been through that.
	You guys all were in the appropriations meeting in Satu 23. I'm going to go to Raheem.
	Can we blow the break?
	I'm just asking my producing team.
	Okay, we're going to blow the break.
	We're going live to the National Pulse founder, editor-in-chief.
	Raheem Kassam, restaurateur extraordinaire Raheem Kassam.
	Raheem, where are you?
	Put us in the room, sir.
unidentified		Yeah, Steve, thank you.
		I feel like Ben Berkwam here holding up my own camera in this room on location.
		But we are here at the Economic Club of New York, actually in the historic Ziegler Ballroom here in Midtown Manhattan, where the Ziegfeld Ballroom, sorry, where the Treasury Secretary...
		I'm just going to flip this around.
		He's just about to walk past me here, in fact.
		Scott Besant has just arrived in the room ahead of what is going to be, I think, a major address here that really comes full circle for the War Room audience.
		The War Room posse will be familiar with Treasury Secretary Besant, not least through yourself, Steve, and having introduced him to the audience.
		And now, obviously, these are the moments of extreme importance, especially...
		I was writing to our National Pulse members in my email last night, especially when you look at the economy that President Trump and his team have inherited.
		It is, you know, all the way from egg prices to ongoing efforts from the Democrats in Congress to try and stop the tax cuts.
steve bannon ▲ ● ▼		But hang on, Raheem.
		Hang on, slow down.
		I don't think we had E.J. and Tony on here.
		This is my point, but I think, and this is where you come in, and hopefully you'll talk to Secretary of Treasury Besson on side and Alexander Priet and Karabas, all the great comms team.
		I think we've done a terrible job of talking about that.
		I think E.J. and Tony's three minutes on here is the best.
		What he was handed is a disaster.
		And I don't think it's been properly positioned because people are coming in and talking about egg prices.
		We're so far away from talking about egg prices.
		We have major structural problems caused by the Biden regime, and they haven't been addressed yet.
		Raheem Kassam, your thoughts?
unidentified		No, I think that's absolutely right.
		I do think that there has to be more of an explanation to people as to why we find ourselves in this position.
		And as I say, that is the...
		That is the theme of the email I brought to our members last night.
		And you go line by line and you go through it, and you think, goodness me, I mean, they couldn't have really the worst economic situation that they inherited here.
		So I'm getting in everybody's way here, Steve, but we'll check back with the Real America's Voice audience after this.
		But Tony Sexton is about to take the stage in about a minute's time up here.
		I think Real America's Voice is going to carry the feed from the speech as well.
		What I'm told is, you know, he's going to lay out exactly what we need to be doing to get this economy back on track.
		Let's see what he has to say.
steve bannon ▲ ● ▼		Hang on real quickly.
steve bannon ▲ ● ▼		Is Larry Fink, they normally do a Q&A, is Larry Fink, who's the president of New York, is Larry Fink going to do the Q&A? Yes, there will be a Q&A. The speech starts in about a minute's time, followed by Q&A with Larry Tudlow.
unidentified		And then you have a room really full of, you know, I hate this phrase, the movers and shakers in finance and economy from New York City and beyond.
		I mean, it's a packed out room here.
		I think people are really keen to hear what the Treasury Secretary Fessing has to say.
		Because there are there are extreme challenges facing this administration financially.
		And you couple that with the tariff situation.
		You couple it with the fact that the last administration faked job numbers across the board.
		You couple it with the fact that you have government run jobs from the Biden era being cut on mass.
		And of course, that creates a problem for, you know, the underlying, let's say, the fundamentals of the economy.
		But the fundamentals, as I say, have been bad.
		They've been faulty.
		They've been fake.
		We remember about six months ago we were told, oh, we're revising the jobs numbers down a million.
		If I get to talk to the Treasury Secretary after this...
		I'm going to ask you along those lines, how do you deal with the fact that the last four years have been phony, have been fake, have been fraudulent?
		And how do you get back on a more solid footing?
		We'll see.
steve bannon ▲ ● ▼		I'll let you go, but also asking, they redid the numbers for inflation in the fourth quarter, the Biden numbers.
		It's not 2.2, it's 4.2%.
		That's huge.
		Rahim Ghassam, we'll check with you afterwards.
		We are going to be real American.
		Thank you, brother.
		National Pulse.
		Make sure you make it part of your media diet.
		We are going to stream.
		I think it's going to start at noon.
		If it's not, we're going to cut right to the New York Economic Club.
		Look, they had these economic clubs.
		All over the country.
		Very powerful economic club.
		Detroit Economic Club has always been known about going there and talking about manufacturing the industrial base of the country.
		I think the Economic Club of Chicago.
		New York has won the financial capital of the world, the global financial capital.
		Very prestigious.
		Secretary of Treasury Scott Besant is going to be there.
		He's going to give some remarks and then he'll do a Q&A I think with Larry Kudlow.
		Larry Fink I think is the head of the club.
		When President Trump went Back in the 16 campaign, I believe he then went in the first year in 17, he was interviewed by Larry Fink.
		Larry Fink, now the owner, he bought Hutchinson Wampoa out, a old, you know, if you ever read the books about the trading companies in Hong Kong, Tai Pan, or Taipei, no, Tai Pan, Tai Pan.
		If you read Taipan, the trading company, it's really on one of the forerunners to Hutchinson, one of these great trading companies.
		They controlled the Panama Canal.
		They actually bought into it from the Panamanian government.
		That's now been purchased by one of the companies controlled by Larry Fink.
		So, Secretary of Treasury, and I think the best analysis of the handover...
		Of what was given has been E.J. and Tony, that two or three minute, and Grace, maybe we'll pull that later, but Cameron, I'll play that in the afternoon show.
		Market's incredibly turbulent.
		Everybody, every, right there, they've got camera crews from every, from BBC, from CNBC, from Bloomberg TV. The world's kind of hanging on every word that comes out of Treasury and comes out of the White House.
		President Trump just put a true social that...
		Every company that was part of the new NAFTA, so USMCA or something, some fancy new title, but it's really NAFTA too.
		President Trump's restructuring a NAFTA. Every company that's underneath that will not have the 25% tariff.
		So don't go through full...
		President Trump is not pulling the tariffs off.
		I think this is a way of a very sophisticated negotiation.
		One part of the negotiation the Mexican government better really take to heart.
		President Trump, let's say this.
		Pete Heggs does not have 12,000 combat troops or combat logistics troops and striker brigades down on the Mexican border and another 12,000 Mexican Marines on the other side and CIA air assets, Reapers, etc., doing fire control solutions into northern Mexico because they're sealing the border, right?
		That part, as Benzman said, initially is done.
		J.D. Vance, the vice president of the United States, said yesterday.
		Border wall completed by 2029. And they'll keep enough assets down there to make sure you don't have folks running across.
		And the Mexican government has gotten really the joke that they've got to stop people and send them home.
		And they are doing that or trying to do that.
		The cartels are the big issues.
		And the deportations of the 10 million.
		What do you do logistically?
		So that's going to be a huge deal.
		The capital market's in total turmoil.
		Right?
		As President Trump goes through what these cuts are going to be, as President Trump restructures what's happening in Ukraine as a subset, a subset of this Russian rapprochement.
		What does that mean?
		That means kind of a getting back together, kind of a feeling things out.
		And that's what it is.
		I do believe eventually you're going to see a bigger, maybe economic.
		I'm not saying partnership, but maybe working together on certain fundamental projects in the energy area and maybe other areas where Russia has tremendous assets and resources.
		President Trump's also rumored he might go to Moscow for the victory parade of the end of World War II, which is always on the 9th.
		It's on the 8th in Europe.
		It's on the 9th in Russia.
		I think that's correct.
		He might go there.
		It's just all rumors right now.
		There is a team that did meet in Riyadh to staff to start working together to see how this thing evolves.
	And despite what you're seeing on MSM, you say, oh, he's a Russian asset.
	He's a Russian asset?
	No, he's the exact opposite.
	He's bringing a shooting war that should have never started, that's left more people dead in London than the beginning of World War II. President Trump's bringing that to an end.
	He's telling Hamas, hey, look.
	I cut a deal with you guys to make sure there's no more killing, but you haven't lived up to the terms of, if you haven't, that's why we wanted to have Brigadier General Avivi.
	They've got a new chief of staff in Israel, and these guys are ready to go.
	And look at what they did to Hezbollah.
	Look what they did in southern Syria.
	What they did to the light infantry of Hezbollah was nothing short of shocking.
	It put the Persians back in their back foot.
	That's why I think right now...
	That we can actually pivot out of the Middle East if we get some sort of diplomatic solution, and I think President Trump can do that.
	But the capital market is in turmoil.
	This is why more than ever you need to, I believe, understand the dynamics underneath that, not just for your personal finances and your family's finances, but also understand like when you're going to the ramparts and making the calls that you understand, we want you to understand kind of what all this means.
	For instance, on this budget right now, There's not a solution.
	We've made some, humbly made some recommendations.
	We'll see how that flies.
	We don't really have a position now.
	We're kind of working through a position.
	As you know, we don't think it's acceptable not to have significant cuts in the 25, this number right here.
	Technically, how you get there...
	It has to be thought through, and maybe it is you have to approve something and then go on and do something else.
	And if that something else is impoundment that the president wants to do or the rescissions that the Senate wants to do, that's got to be figured out.
	But those things, both of them have to deal with significant and dramatic cuts to federal spending.
	It's not going to go away until federal spending.
	And people should take that uptick from 2.2% inflation in the fourth quarter to 4.2%.
	That should be like a...
	That should be the warning.
	On the ship, when you go into general quarters, that this thing is bad.
	And I think you're starting to see it flow through some of the numbers in the Atlanta Fed and others.
	And it's got to be sorted out.
	And President Trump's doing all that.
	Birchgold.com.
	One thing you do that's quite simple, just take your phone out.
	Birchgold at 989898. Excuse me.
	Bannon.
	That would be me.
	At 989898. You get the ultimate guide to investing in gold in the era of Trump.
	They walked through a bunch of analysis.
	Philip Patrick and the team, of course, we've got the end of the dollar empire.
	One other thing about going to the ramparts, and there's going to be a lot of discussions on upper bracket tax cuts.
	We're going to get into a lot of analytics about that.
	And it talks about the concentration of wealth and why maybe the top 1% or the top 5%.
	Or the upper bracket, as we call it, may not need a tax cut as much as you need.
	No tax on tips, no tax on overtime, and no tax on Social Security, and no tax on interest on loans where you are buying American vehicles, all those great things.
	The one contract you have, 80 or 90% of your net worth is still tied up if you're an average American in a home if you're lucky enough to own one.
	Most people are not.
	If you're lucky enough to own one, that contract, that's the moral equivalent of your contract for Social Security or Medicare, right?
	You're not going to give it up.
	You're not going to give it up unless it's stolen, now with all the cyber opportunities.
	But as Natalie Dominguez and the folks at Home Title show you, there could be people around you.
	It could be a lawyer.
	Maybe you ticked off, or maybe you're a snarky lawyer, or maybe some relative.
	You don't know so many ways to get into that kind of rickety system of titles throughout the country.
	They've got triple lock protection.
	It gives you three things.
	Number one, 24-7 protection.
	Number two, an emergency immediate notification if anybody's messing with your title.
	And the third is the, and this is why it's triple lock million dollar protection.
	They have a restoration project.
	If it hasn't worked up until then, they have a million dollar restoration to give you a million dollars of legal and other to make sure you get the title sorted.
	So triple lock protection.
	What you do is go to Home Title Lock, Steve25.
	I love that promo code.
	Steve25.
	Go check it out today.
	We're going to cut.
	So Charlie Kirk's going to follow us, but also we're going to also stream on Real America's Voice this very important remarks by Secretary of Treasury Scott Besson.
	You saw him on here for a number of years.
	You're going to see him now at the Economic Club of New York.
	Very prestigious, talking to the world's business press, the world's financial press, all gathered.
	Then after me afterwards, Larry Kudlow, a dear friend.
	Larry and I don't agree on a lot on economics except for supply side growth.
	And Larry's a fabulous guy and did a great job as National Economic Advisor to the President, Head of the National Economic Council.
	Larry will be there Asking questions.
	So you're going to have two on Real American Voice.
	We'll have the speech for the New York Economic Club.
	You'll have Charlie Kirk.
	Post those after that.
	Steve Gruber after that.
	You got Eric Bolling.
	I now do a hard handoff every day with Eric Bolling.
	I love it.
	Eric's on fire.
	We're going to be back at 5 o'clock, 5 to 7. There's so much going on.
	The toughest thing we have today, ladies and gentlemen, is going through the 20 things we want to cover and get it down to 5 or 6. That kind of days of thunder flood, the zone is actually working against us?
	Just kidding.
	So many great things.
	President Donald John Trump, these are, remember these days, these are days of history and days of excitement, days of just good old fun.
	You see, you've worked so hard for this.
	Talk about high agency.
	Nobody's got higher agency to this audience.
	We leave you with the right stuff.
	It's a book by Tom Wolfe, a movie by Philip Kaufman, a classic.
	Get it and watch it with the kids.
	Stunning film and fabulous Academy Award winning soundtrack and music.
	We're going to be back at 5. You've got the right stuff and high agency to boot.
	See you back here at 5 p.m.

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