March 12, 2025 - Bannon's War Room
48:49
Participants
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| Speaker | Time | Text |
|---|---|---|
| Like there's no tomorrow. | ||
| Steve, I'm going to take no more of your time. | ||
| You've got a big show. | ||
| And I appreciate you. | ||
| By the way, I promised you something. | ||
| It will be tomorrow. | ||
| It didn't arrive today. | ||
| It will be tomorrow. | ||
| I see it arrived already. | ||
| So tomorrow, same time, same place. | ||
| Well, thank you, Eric. | ||
| And thank you for doing that great interview with Alex Jones. | ||
| Alex is a very special guy, a very special guy in our movement. | ||
| So thank you, sir. | ||
| Appreciate you. | ||
| Yes, sir. | ||
| Yes, sir. | ||
|
unidentified
|
Have a good one. | |
| Eric Bolin. | ||
| Thank you, sir. | ||
| Did our handover. | ||
| We're going to go right to the White House. | ||
| We've got a cold open. | ||
| There's so much going on today. | ||
| We're going to kind of stack these. | ||
| Kind of be like Citizens Free Press. | ||
| We're just going to roll through the stack. | ||
| Let's go ahead and start. | ||
| We're going to bring in Natalie Winters live at the White House. | ||
| Today we made an offer that the Ukrainians have accepted, which is to enter into a ceasefire and into immediate negotiations to end this conflict in a way that's enduring and sustainable and accounts for their interests, their security, their ability to prosper as a nation. | ||
| I want to personally thank, we both want to thank, the Kingdom of Saudi Arabia's Majesty for hosting us, for making this possible. | ||
| They've been instrumental in this process and we're very grateful to them for hosting us here today and hopefully we'll take this offer now to the Russians and we hope that they'll say yes. | ||
| That they'll say yes to peace. | ||
| The ball is now in their court. | ||
| But again, the president's objective here is, number one, above everything else, he wants the war to end. | ||
| And I think today Ukraine has taken a concrete step in that regard. | ||
| We hope the Russians will reciprocate. | ||
|
unidentified
|
Secretary of State Marco Rubio and National Security Advisor Mike Walls came out of today's summit with Ukrainian President Zelensky with hopeful news, as you just heard right there. | |
| Now President Trump's Special Envoy Steve Witkoff is expected to travel to Moscow to sell... | ||
| The deal, according to a source familiar who spoke with NBC News. | ||
| Other outlets, though, are reporting that Whitcoff will meet directly with Vladimir Putin. | ||
| Joining us now from Saudi Arabia, NBC News Chief International Correspondent Keir Simmons. | ||
| These were long negotiations. | ||
| What came out of them, Keir? | ||
| Well, surprises, honestly, because the Ukrainians went into these negotiations, which were with Secretary of State Rubio, the National Security Advisor, and their equivalents from Ukraine. | ||
| They went into these negotiations, the Ukrainians, saying they wanted a partial ceasefire in the air and on the sea. | ||
| Instead, what they came out agreeing to was a 30-day full ceasefire. | ||
| Now, it has to be accepted by the Russians. | ||
| And by the way, that's a huge caveat, as you know, Katie. | ||
| But still, though, it is a big change for the Ukrainians, too, because, as you know, they have been insisting on security guarantees. | ||
| That was what fueled that disaster in the Oval Office with President Trump and President Zelensky. | ||
| Security guarantees are not in this joint statement. | ||
| What is in this joint statement is reestablishing the intelligence flow from the Americans for the Ukrainians, even in offensive operations, and also the supply of weapons and aids. | ||
| So that's what the Ukrainians wanted to get back in place. | ||
| They've managed to achieve that. | ||
| But in exchange for that, they have agreed potentially to sign up to a ceasefire without any security guarantees from Washington. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
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 try 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
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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. Bannon. | ||
| It's Tuesday, 11 March, in the year of our Lord, 2025. Let's go right to the White House. | ||
| Natalie Winters. | ||
| Natalie, big day today. | ||
| I think only one day or one and a half days of actual negotiation with Waltz and Secretary of State Rubio. | ||
| The big news, no security guarantees, but they did kick back up, which I'm not a huge fan of, but President Trump had to do it to get to a deal. | ||
| Military aid, and I think monetary aid, comes back on, also sharing of intelligence. | ||
| Natalie Winters, what do you have for us, ma'am? | ||
| Yeah, they've agreed to resume intelligence sharing and security assistance. | ||
| Also to, I think, rather swiftly conclude that now infamous mineral deal. | ||
| But, of course, I think a victory for President Trump for his administration in, what, less than just 60 days. | ||
| You're seeing, I think, his intentions, his ambitions for peace worldwide actually materializing. | ||
| But look, obviously, the word that we've been hearing every day here now, at least along the legacy media, is this idea of security guarantees and international peacekeeping force, right? | ||
| Whenever they keep asking President Trump, whether it's the briefings or the gaggles, the idea of what's going to happen in terms of a Ukraine state, whether it be NATO membership or otherwise. | ||
| And I think that that, of course, goes back to sort of the 2014 color revolution origins of all of this. | ||
| But I think our audience should be very frosty and clear eyed whenever you hear things like international peacekeeping forces or security guarantees. | ||
| That's just a code word. | ||
| To turn this conflict into another, essentially, or I guess some derivative of a... | ||
| Make no mistake, Steve, I think this is an important data point to bring up. | ||
| We broke it just last year, how a lot of these contracts that they were authorizing from the Pentagon to whether it was Raytheon, Boeing, to all the military industrial complex and contractors, that though the authorization date for them to start was in 2022, 2023, and sort of the final years of the Biden regime, the years, the date that they were set to conclude, We're all the way into 2033 in some cases. | ||
| There are a lot of contracts concluding in 2030 and even 2029. And I think that that sort of shows you, right, the idea. | ||
| Really, the unmasking of what this conflict has been about for a very long time, right? | ||
| It's become the new cash cow, the new grift. | ||
| And what the Trump administration did today is, I think, get another out-of-the-box solution that doesn't involve peacekeeping forces, all the lovely euphemisms that the globalists love to use to just kill more young Americans. | ||
| You know, what's great also, you say, you know, it's 60 days or then from the... | ||
| From the campaign, it's really only been a focus for a week or so. | ||
| It's amazing. | ||
| And to get this this quickly, and even NBC News was shocked, right? | ||
| He got a full ceasefire, not just on land or sea or different parts of the country, and with no security guarantee. | ||
| I mean, they're pretty shocked. | ||
| Witkoff, I think, is already en route to Moscow. | ||
| Witkoff's very close to President Trump. | ||
| He's going to handle the negotiations with the Russians. | ||
| Your thoughts and observations? | ||
| Well, look, I think that the legacy media, they're kind of a tackline against the Whitcoffs of the world. | ||
| And what do I mean by that? | ||
| Sort of these, you know, businessmen, these just, you know, men, titans of industry who aren't necessarily career politicians, right? | ||
| They didn't come. | ||
| From the Harvard Kennedy School, they haven't spent all their time and days over at the Belfer Center, the Brookings Institution, or in K Street, or in the law firms, or lobbying, right? | ||
| These are people who have actual lived experience and understand how deals get made. | ||
| And I think what we heard so often, right, in the first term, was the idea that President Trump was going to make America look like a fool on the world stage. | ||
| And if you were to sort of flush that out, what would you say? | ||
| Well, you know, what would that be? | ||
| Well, that actually happened under Joe Biden and all the so-called experts in the room, right? | ||
| People like Jake Sullivan and Avril Haines, people who are so beyond compromised by foreign governments, particularly the Chinese Communist Party, that they couldn't even put America first if they actually wanted to. | ||
| And now I think the sort of second iteration that we've heard of that come around now is the idea that President Trump is appointing unexperienced, dare I use the L word, loyalists to his cabinet, to his administration. | ||
| But if you measure him based off the successes and the accomplishments that he's had, he's already run circles around Joe Biden time and time again, especially on the international affairs front. | ||
| So honestly, I think this kind of makes the case that all of the think tanks that are not too far away from me, that are so flush with foreign cash and they love the disclosure so they don't actually have to reveal all that. | ||
| That these people have never been interested in actually brokering anything resembling peace. | ||
| They do the bidding of the military-industrial complex. | ||
| They do really the bidding, I think, if you get to the core of it, Steve, of the sort of globalist World Economic Forum movement, which is the idea that you have to destroy these countries so you can rebuild them in line with sort of a more Agenda 2030-type formation. | ||
| And you can't do that if you don't break a country, and you can't break a country if you don't have the enormizers of the world instituting and rolling out their lovely color. | ||
| Brilliant. | ||
| Let's go ahead and play other big news. | ||
| We're going to go from Riyadh now to Capitol Hill. | ||
| We've got a cold open on this one. | ||
| Let's go ahead and play it. | ||
|
unidentified
|
We are now just hours away from a vote to avert a government shutdown at the end of the week, and Republicans are pretty much daring Democrats to vote against it. | |
| I think the leaders stated it well, and others have said it well this morning. | ||
| This is a moment of great change in Washington. | ||
| It's also a moment of clarity and real contrast. | ||
| The contrast was on display last week on the House floor. | ||
| It was a shameful display by the Democrats. | ||
| They are flailing, as is noted. | ||
| But first, Johnson needs to try to keep his own razor-thin majority united behind a stopgap spending bill. | ||
| He's getting some help. | ||
| Vice President J.D. Vance was up on the Hill this morning whipping votes. | ||
| President Trump has been working the phones, we're told. | ||
| So, Julie, who are you watching to see whether Speaker Johnson is able to get this stopgap funding bill passed? | ||
| Well, there are a handful of Republicans in the House, a couple of whom I spoke to this morning as they left that meeting with Vice President Vance, who still said they were undecided, but I've got to be honest with you, do sound like they're open to coming around to supporting this at the end of the day, in large part because of the pressure that's coming across Pennsylvania Avenue from President Trump. | ||
| You see some of those names on your screen. | ||
| Congressman Tim Burchett is actually 10 feet away from me doing a hit on another network, and I heard him say there that this is the first time since he's been a member that there has been a reduction. | ||
| I don't know whether he's a full yes just yet, but that certainly means that he, like other members, other conservatives, members of the House Freedom Caucus as well, are coming around to the idea of supporting this interim stopgap funding bill that would fund the government through September 30th because it essentially maintains status quo spending levels under President Biden. | ||
| They aren't really adding a lot to this bill. | ||
| They are plussing up defense spending and they're cutting non-defense discretionary programs, which is where you have Democrats Who take immense issue with this bill. | ||
| One of the big reasons they're against it is actually because they're nervous that the Trump administration is just going to cut and claw back future spending that they've already appropriated, thus removing their seat from the table. | ||
| Speaker Johnson talked about Democrats earlier today. | ||
| Watch this. | ||
| This is a totally different scenario. | ||
| By doing the CR this time, it actually is the responsible play and the conservative play, because we are conserving the resources of the American people. | ||
| And this is something that all of us have wanted to do our whole careers, and we now have the opportunity to do. | ||
| So would this be our last CR, sir? | ||
| Will you support a CR in the future? | ||
| Yeah, this is what I expect, is that this White House is going to actually do its job. | ||
| What a concept. | ||
| This White House is going to send us a budget. | ||
| That this hasn't been done in a while. | ||
| So he criticized Democrats in that press conference. | ||
| He told my colleague Ryan Nobles, as you heard in that exchange, that this is his last planned continuing resolution. | ||
| Remember, this is not how government is supposed to operate. | ||
| It's been operating in this fashion, though, under both Republican and Democratic administrations over the last decade. | ||
| They really need to get back to regular order, which is what everyone on board... | ||
| Natalie, here's the thing. | ||
| When the vote happens... | ||
| They're going to basically call a recess. | ||
| The latest thing they're going to call a recess, they're going to leave town. | ||
| They're going to throw this to the Senate. | ||
| What do you hear in the White House? | ||
| That's a pretty high-risk strategy. | ||
| They're saying, hey, up or down vote. | ||
| You either approve or you don't. | ||
| And if you don't, then it's on you, the Democrats, for shutting the government down. | ||
| Your thoughts and observations. | ||
| Well, they've obviously come out in full support of this CR, but I have to say, watching that MSNBC cold open that you just played, I don't want to get too triggered on the White House lawn, but I think the correct answer to this whole CR debacle, despite the deja vu that I'm sure our audience is having, is that both sides are lying and grifters and hacks who get nothing done. | ||
| And when you say both sides, maybe that's because you really realize that what you're dealing with is the uniparty, right? | ||
| Democrats are saying we don't want to cut spending, yet they won't get behind Doge. | ||
| And then House Republicans are now talking so tough on Doge, they act like they've been the fiscal hawks. | ||
| I'm sorry, where have they been for the last two decades with all the corrupt spending that's been going on at USAID? Look, Steve, I know you and I are both kind of pro-government shutdown. | ||
| I think if we've learned anything from Doge, it's that so much of this government doesn't actually do anything. | ||
| So I'm not saying I'm pro-government shutdown, but I say shut it down and maybe don't bring back a lot of the furloughed workers. | ||
| Okay, we got in the box. | ||
| They're going to vote, I think, on the CARES Act first. | ||
| I think this vote's going to come a little bit later. | ||
| Natalie's going to stick with us at the White House. | ||
| She's got some breaking news. | ||
| They're trying to shut down Doge or at least get more information. | ||
| They've gone to federal court. | ||
| Natalie and Mike Davis call it the judicial insurrection. | ||
| We're going to get into all that. | ||
| Plus, we got E.J. and Tony. | ||
| A wild day on Wall Street. | ||
| Markets respond in President Trump's economic plan. | ||
| We're going to break it all down for you. | ||
| We've got Laura Loomer. | ||
| And they chased our own Kevin Basobiec, I think, away from the Basilica today. | ||
| They didn't like the questions he was asking. | ||
| It's a time of financial turbulence. | ||
| We told you this was going to happen. | ||
| Economic turbulence. | ||
| More than ever, you need to understand why gold has been a hedge for mankind for, I don't know, 5,000 years. | ||
| A store of value and a hedge against times of turbulence financially. | ||
| Take your phone out. | ||
| Text Bannon, B-A-N-N-O-N, at 989898. You do that, you get the access to the ultimate guide for the investment in gold and precious metals in the era of Trump. | ||
| You can also talk to Philip Patrick and his team at Birch Gold. | ||
| Do it, and do it now. | ||
|
unidentified
|
Short break. | |
| Here's your host, Stephen K. Band. | ||
| Natalie, you broke a huge story yesterday, we'll get to in a second, the Act Blue, which has gone mega viral on Twitter. | ||
| But I want to go to about, okay, so they're trying to shut down Elon and at the same time get all the information out there if possible, a radical Obama appointee, federal judge. | ||
| You've got some more scoop on him, your investigative reporting on this individual man. | ||
| Yes, the Obama appointee part of him is probably the least radical thing about Judge Christopher Cooper. | ||
| Just to start off the top in terms of conflicts of interest, this guy used to be a partner at Covington& Burling, which is the law firm that, what, just two weeks ago saw their government contracts and security clearances canceled by President Trump. | ||
| So that at face value right there shows you the sort of viper's nest that we're walking into with this judge. | ||
| But more, I think, interestingly and sort of more broadly, He came in, he said 80%. | ||
| I said, what the hell's going on? | ||
| 80%. | ||
| And largely, and we had to do it carefully, and we had some little hiccups, not big hiccups, but we saved a tremendous amount of money for the future. | ||
| This is going into the future. | ||
| And in some cases, it would be 80, and in some cases, it would be 5% or 2% or 3%, you know, depending on the agency. | ||
| And you can almost, you're all great professionals, the top, and you can almost look at some of the agencies and see. | ||
| Which ones had to be cut and which ones didn't. | ||
| Also in terms of their importance and in terms of being current. | ||
| So we saved a tremendous amount of money. | ||
| And I think, you know, I don't know if it's going to reach a trillion, but it's going to reach a lot. | ||
| And it was an honor to have Michael there yesterday. | ||
| You got to see a little bit of it. | ||
| We had a conference. | ||
| And a lot of investment coming into our country. | ||
| Much more than I've ever seen. | ||
| Apple is investing $500 billion. | ||
| IBM was with us yesterday, and they're investing a lot. | ||
| Just companies all over. | ||
| I could name them. | ||
| You've read most of them, many of them. | ||
| But hundreds of billions of dollars is being invested. | ||
| That wouldn't have happened if I didn't win the election, number one. | ||
| And I think, number two, the tariffs are having a tremendously positive impact. | ||
| They will have, and they are having. | ||
| We have car companies that are not building in Mexico now. | ||
| They're building in... | ||
| The United States, some of them, the plants were already started and they stopped construction and now they're going to build in the United States. | ||
| It was very unfair. | ||
| They'd build in Mexico and sell them across the border with no tax, no nothing. | ||
| They'd take away our jobs. | ||
| They'd close up places in Michigan and all over the country and they'd build them in Mexico. | ||
| In many cases, they were owned by China. | ||
| Built in Mexico, owned by China. | ||
| And that's all stopped now. | ||
| They're all coming. | ||
| They're all coming here. | ||
| Honda is building a massive plant in different places, Indiana, South Carolina, but also in Michigan, a lot in Michigan. | ||
| A lot of activity is happening. | ||
| They're looking all over the place for places, and that's because there is a good spirit, there's a renewed spirit, and also, very importantly, the tariffs are, they don't want to pay. | ||
| 25% or whatever it may be. | ||
| It may go up higher. | ||
| Look, the higher it goes, the more likely it is they're going to build. | ||
| And ultimately, the biggest win is not the tariff. | ||
| That's a big win. | ||
| That's a lot of money. | ||
| But the biggest win is if they move into our country and produce jobs. | ||
| That's a bigger win than the tariffs themselves. | ||
| But the tariffs are going to be throwing off a lot of money to this country. | ||
| And we've been ripped off for years by other countries, many, many decades. | ||
| And they were doing the same thing. | ||
| But I think we'll do it better, and I think we have a bigger advantage because we really are the piggy bank. | ||
| They weren't. | ||
|
unidentified
|
Thank you, Mr. President. | |
| You've also mentioned rebuilding the American economy. | ||
| I guess what's your strategy to lower the overall cost of living, make everyday expenses more? | ||
| Oh, we're getting kicked out. | ||
| Okay, fine. | ||
| We had a great shot there. | ||
| Welcome back to the War Room. | ||
| Well, you know what you got to do. | ||
| We're kind of gonzo, but it was great. | ||
| We're going to have E.J. and Tony on in a moment. | ||
| Another turbulent day of markets. | ||
| I asked my team when we first started. | ||
| I said, hey, I thought this was close to the media. | ||
| Real America's Voice slips a camera in there. | ||
| Got a good couple minutes with the President asking him questions. | ||
| He's over at the Business Roundtable. | ||
| The Secretary of Treasury, Scott Bessent. | ||
| We'll be there tomorrow morning to also do an address and do Q&A. So, Natalie, he's talking about Doge. | ||
| You know, the president wants Doge not just to have open runway. | ||
| The president wants Doge to find a trillion dollars of waste, fraud, and abuse. | ||
| We'll get to some clips later of Elon talking about entitlements and some other issues. | ||
| But the federal court system, these radical judges, they're all over Elon and all over Doge. | ||
| Have them put their pencils down and or they want full disclosure of all the information. | ||
| Why don't you pick up on the great reporting and investigation you've done of this radical Obama appointee ma'am. | ||
| Yeah, well, this district judge's decision is essentially going to give the norm-isens of the world and the shady left-wing non-profits the ability to look through every single thing that DOGE has done. | ||
| And we're all for transparency, right? | ||
| The American people deserve to see what's going on. | ||
| But it's just sort of ideologically inconsistent, right? | ||
| Because the people that they're now letting examine DOGE at the same time, they don't want DOGE to be able to do the same exact thing to the United States government. | ||
| government. | ||
| But this judge, Christopher Cooper, who was responsible for that decision, again, I use the term judge lightly. | ||
| He's clearly an activist. | ||
| Like I was saying, the Obama appointee is the least radical thing about him. | ||
| This is someone who has a clear conflict of interest. | ||
| Just when you look at his resume, the guy used to be a partner at Covington and Burling, the law firm that President Trump revoked the government contract and security clearances from just two weeks ago. | ||
| But when you dig into his wife, I'm getting kind of, I guess, a Jack Smith, a deja vu situation. | ||
| And Amy Jeffries is her name. | ||
| Now here's her CV. | ||
| She used to work for Eric Holder. | ||
| She used to be an attorney representing Lisa Page during the House Republicans' inquiry into her efforts to smear President Trump as a Russian agent, those infamous texts. | ||
| Put it this way, Merrick Garland married the two of them. | ||
| So if you have any questions about where the allegiance lies, I just point you there. | ||
| Bringing you up to current date, to the current time, this individual, Amy Jeffries, the spouse of the judge who's now neutering Doge, no pun intended, she is currently at the law firm she now works at representing Hampton Dellinger in the special counsel case where they're actively suing. | ||
| The Trump administration and that same law firm has also represented a lot of other people in their current lawsuits, not the first administration, but this term, under President Trump. | ||
| So if you want to talk about clear conflicts of interest, whether it's him, her, or who knows what else, probably the kids too, this is a clear example of how these judges that are blocking and interrupting and really subverting President Trump's agenda are clear, clear partisan, far-left activists. | ||
| Well, this is also why President Trump has taken on the law firms and all of this, the establishment. | ||
| You've called it a judicial insurrection, and you're seeing all the conflicts. | ||
| Do you know, off of your reporting, is the White House going to call and make some inquiries here about conflicts of interest, ma'am? | ||
| Well, we've seen congressional Republicans step up and at least file some impeachment articles against a lot of other judges. | ||
| I think we're up to three of them. | ||
| I think two of them were scoops that we broke here on the war room that led to those articles being drafted. | ||
| But look, Steve, I mean, it goes back to what we were talking about with the CR. It's all performative. | ||
| And frankly, Steve, I think the question becomes... | ||
| Why is it War Room? | ||
| Why is it myself? | ||
| Why is it this audience? | ||
| Why is it people like Mike Davis and Laura Loomer that are having to reveal this information, right? | ||
| Congress should be all over this, like they should have been over USAID. Put it this way, Steve. | ||
| The very fact that we have DOGE, right, is essentially James Comer and Jim Jordan admitting that their House Oversight Committee is so insufficient, ineffective, and inadequate to actually do a damn thing in terms of meaningful oversight and cutting waste, fraud, and abuse that they have to outsource it. | ||
| To Elon Musk and his, you know, 19-year-old computer whiz kids, right? | ||
| That shows you the issue that plagues House Republicans in Washington, D.C. Now, to this point, yesterday on Act Blue, this was very special. | ||
| It was one of the longest threads you did, but it's got over 30 million views so far. | ||
| Why was it this Act Blue seemed to light a fire under people, ma'am? | ||
| Well, part of it is confirming, I think, something that we've all known, not just that the Democratic Party is the party of open borders, but that this idea that the mass migration, and that's way too nice a term to describe it, that we saw not just under Joe Biden, but that we've seen for decades into this country, is not spontaneous, right? | ||
| It's coordinated and it's planned, really from cradle to grave, from start to finish, right? | ||
| These NGOs that we identified that are using ActBlue, that are very, very intertwined with the Democratic Party, these are groups that are... | ||
| They're supplying wannabe illegal aliens with water to make it so they can actually accomplish their trek to the southern border. | ||
| These are people who, once they actually are flown into the interior of the country through groups like Catholic Charities or their Lutheran counterparts, which also use ActBlue, the legal aid, the pro bono legal aid that they get to obtain their citizenship or avoid deportation, All those law firms you want to talk about lawfare, they're funded by ActBlue, the groups that are now opposing President Trump's deportation agenda, whether through lawsuits, doxing ICE agents, | ||
| establishing ICE raid response kits and hotlines from every aspect, whether it's the illegal alien invasion, establishing ICE raid response kits and hotlines from every aspect, whether it's the illegal alien invasion, trying to keep them ActBlue, which is the financial cornerstone and backbone of the Democratic Party, is solely responsible for funding that and materializing it. | ||
| So the Democratic Party owns fully the open border movement, but it shows you. | ||
| That this is so coordinated and very, very, very well funded. | ||
| And frankly, Steve, you want to tie it all together? | ||
| That's why they fear Doge. | ||
| Exactly. | ||
| It was not chaos at the border. | ||
| It was very well organized and well financed. | ||
| Natalie, what's your social media? | ||
| It's creative destruction. | ||
| Natalie G. Winters on all social media platforms. | ||
| Thank you, as always, for having me. | ||
| Natalie, look forward to seeing you tomorrow. | ||
| Our White House correspondent, Natalie G. Winters. | ||
| We're going to take a short break. | ||
| We're going to talk about the Marxist E.J. Antonio, the best guy to join us. | ||
| Make sure you text Bannon at 989898. Get the free brochure, Investing in Gold and Precious Metals in the Era of Trump, the Ultimate Guide from Birch Gold. | ||
| And you can talk to Philip Patrick and the team. | ||
| Get an assessment. | ||
| Short commercial break. | ||
| Back with EJ in a moment. | ||
|
unidentified
|
You can see the market response. | |
| The Dow is down 641. | ||
| That's right around session lows, down a percent and a half. | ||
| The S&P is down 1%, the Nasdaq a little less than that. | ||
| 1,500 points lower between yesterday. | ||
| Welcome back. | ||
| The Nasdaq coming off its worst day in two and a half years and now down more than 6% since Election Day. | ||
| Also almost in correction from the highs, down about 10%. | ||
| MAG 7 is down 4% since Election Day. | ||
| NVIDIA is down 23% since November, losing a trillion dollars in market cap from its ties back on Jan. | ||
| I mean, do you think the S&P is at risk of going far lower than it is here if the economy continues to weaken, if some of the outlooks that have been given from the CEOs of this country come to fruition? | ||
| Business confidence is already apparently waning. | ||
| NFIB optimism fell today for the second consecutive month. | ||
| We know what some CEOs are saying about where the consumer's collective head is right now. | ||
| Oh, no, absolutely. | ||
| I mean, it could definitely go lower. | ||
| I mean, barely now 10%. | ||
| That's, you know, just a bare touch of a correction. | ||
| And given, you know, 20, 20% gains in each of the last two years, you know, this is not a lot down. | ||
| And we're still, you know, we're still high. | ||
| We have a lot of promise ahead of us. | ||
| If he would rationalize this trade, I mean, talk about reciprocal tariffs, analyze each country, negotiate with them individually, where they put a tariff on, say, listen, you know, you bring that down, then we'll do this. | ||
| There's a lot of sense to that. | ||
| But, you know, just penalizing Canada and Mexico willy-nilly, and particularly the Canadians. | ||
| You know, a lot of people are just shaking their heads about that. | ||
| Does not instill confidence. | ||
| Confidence? | ||
| Listen, it's a source of consumer spending. | ||
| Consumer spending has been the strength of this economy over the last two years. | ||
| You say, oh my goodness, we have to go through a recession. | ||
| Everyone's going to pull back. | ||
| Oh my goodness, I could lose my job. | ||
| Oh, my portfolio's going down 20%. | ||
| I'm not going to take that vacation. | ||
| I'm not going to buy that luxury car. | ||
| I'm not going to do this and that. | ||
| Confidence is the mother's milk of good economic performance, and these policies are not doing any good for that. | ||
| Okay, everybody take a deep breath. | ||
| Bring in E.J. and Tony. | ||
| EJ, you were the best at walking through what a disaster President Trump took over. | ||
| We know Warren Buffett went to cash. | ||
| The Oracle of Omaha, who's not MAGA, went to cash, $350 billion, what, about five weeks ago? | ||
| He knew what was going on, particularly with these AI stocks, right, these tech stocks, the MAG-7, what they call them. | ||
| Just walk us through, where do you think we're at? | ||
| Another turbulent day in the markets. | ||
| We did have a big comeback at the end of the day, people should know. | ||
| And the NASDAQ, you know, we're punching through this. | ||
| I want to talk about the policies first, the reaction, and then the messaging. | ||
| Are we doing a good enough job of messaging? | ||
| E.J. and Tony, take it away, sir. | ||
| Well, Steve, one of the things that's really important to remember right now when we look at the population of Wall Street is how low the average age is. | ||
| And it's not that it's that low compared to the historical average, but think about what these folks, the traders, the brokers, the money managers, have seen over their lifetime. | ||
| More importantly, what have they not seen? | ||
| Folks are so young now that when we have been so long since we have seen a real bear market in this country that most of the folks on Wall Street weren't actually in their business careers yet the last time we had. | ||
| A real bad It was both under Clinton as well as under Bush that you had these different We're | ||
| with different parts of the world, all of which unnecessarily help to hollow out what we now call the rust belt. | ||
| But this is the mantra that so many of these people on Wall Street have lived by. | ||
| And now that it's ending, they think they're going to die by it, too, when in fact, neither is the case. | ||
| And so these people don't know how to navigate stocks going down appreciably. | ||
| They don't know how to navigate a bear market. | ||
| They don't know how to navigate a president that's willing to put tariffs into place and that puts America first. | ||
| This is all very much new territory and that scares folks and they're panicking and they're getting out. | ||
| This whole idea, though, that... | ||
| Business can't plan that there's uncertainty. | ||
| I absolutely understand that. | ||
| Reciprocal tariffs, by definition, are going to have uncertainty because what I do is dependent upon what you do. | ||
| And since I don't know what you're going to do, I can't yet make a decision for myself. | ||
| That's the quandary President Trump is in right now. | ||
| As soon as we talk about reciprocal tariffs on another nation, we have to wait and see what that other nation is going to do. | ||
| Are they going to drop their tariff and non-tariff barriers that prevent our exporters from having access? | ||
| I think it's very unfair to put all of this blame at President Trump's feet. | ||
| I mean, he is essentially simply saying, look, we are finally going to end the charade and we're going to play according to the rules that you in other nations are setting. | ||
| Again, I fail to see how this all falls at President Trump's feet. | ||
| But one last thing that, you know, Mr. Siegel, in his little rant there, he talked about all of these luxury goods and all of these luxury expenses like exotic cars or vacations to exotic places, whatever the case may be. | ||
| I'm sorry, but these aren't the concerns of the middle class. | ||
| One of the things that I think the current Treasury Secretary Scott Besson has really put his finger on really has his finger on the pulse here is that Wall Street has done just fine over the last four years. | ||
| The stock market has absolutely exploded because of all the inflationary policies of President Biden and the radical left. | ||
| And finally, we have a Treasury Secretary. | ||
| Finally, we have a President. | ||
| We have, more broadly speaking, an entire administration within the executive branch that wants to put the American middle class. | ||
| First, right? | ||
| They're talking about extending the Trump tax cut, not because of what it's going to do for millionaires or billionaires. | ||
| They're talking about extending it because if they don't, it's going to result in a tax hike on the middle class of over $4 trillion, let alone what it's going to do to high-income earners. | ||
| That's not even part of the discussion for the moment. | ||
| This is all about protecting and defending and prospering the American middle class before we worry about anybody else in the world, especially people in other Talk to me about, | ||
| Charlie Gasparino had a very good piece today in the New York Post, and he said, part of the reason you're having these perturbations is Wall Street is addicted to us having massive federal spending and having this Keynesian stimulus nonstop to the fact that the CR that they're voting on here shortly has a, it's Biden-Harris numbers. | ||
| We're going to have to eat that. | ||
| It's a $2 trillion deficit. | ||
| And they don't even count the findings that Doge has got today. | ||
| But we're prepared to do that because we know we've got impoundments, rescissions, all that coming. | ||
| And Charlie brings to a good point. | ||
| Wall Street's having withdrawals like people cut off heroin. | ||
| Because one of the key building blocks of President Trump, besides the pro-growth tax plan, besides the tariffs, besides other things that he's doing, Is that he wants to cut federal spending. | ||
| He said he's going to cut it dramatically, either through doge, waste, fraud, and abuse, or then programmatically later, which will be in the summer, and it'll be the fiscal 26 bill. | ||
| If you took out, because you talk about a bear market, and that normally equates with the recession, and President Trump said that if you took out massive federal spending in the Biden years, wouldn't we be at negative real growth for the real economy, not the jacked-up economy of this massive federal spending, sir? | ||
| Well, Steve, we have to remember there's a lot of things you need to take out of that GDP number to get to that real figure you're talking about there. | ||
| So obviously you have to get rid of inflation because just because prices are going up and up and up doesn't mean we're actually trading more. | ||
| It doesn't mean that there's actually more economic activity. | ||
| It's just the same economic activity is getting priced higher. | ||
| So first of all, take out all the inflation. | ||
| Also, take out all of the government spending. | ||
| But what we call government spending in terms of the GDP report is really just government direct purchase. | ||
| It's a pretty narrow category. | ||
| So let's say the government wants to pave a road and they go out and they buy concrete or asphalt. | ||
| That gets marked up as a government. | ||
| But what about all the other government spending? | ||
| Like when they take a dollar from you and give it to me, and then I go out and spend it in the real economy. | ||
| We actually don't count that as government spending. | ||
| We count that as private consumer spending. | ||
| And so a huge portion of the growth in consumer spending has simply just been an increase in transfer payments. | ||
| And so Gasparino is absolutely right here. | ||
| What we've seen over the last several years has been a massive amount of spending from government that doesn't always operate. | ||
| Under the guise of government spending, but has helped fuel all of these consumption figures on which Wall Street has been relying to meet earnings estimates. | ||
| And so as you start to take all of that away, whether it's those transfer payments or the direct payments by government, what you quickly realize is that the real, the inflation-adjusted economy, the actual private sector, the productive part of the economy, hasn't been growing at all. | ||
| This is the key point. | ||
| Just give me that in 60 seconds. | ||
| The productive, the real economy, the productive side of the economy has flatlined to down. | ||
| And all we've been living off of is printed money that's petting this massive, the $6.5 trillion of federal spending that leads to a $2 trillion deficit, sir. | ||
| Exactly, Steve. | ||
| The government has basically been borrowing trillions upon trillions of dollars for year after year, either spending it directly or indirectly by handing it out to people who then turn around and spend that money. | ||
| But all of this, this whole charade, this whole merry-go-round of debt, it cannot last forever. | ||
| We have been essentially on a kind of drug addiction with this economy where we move from high to high. | ||
| It's like an alcoholic who every time they start to sober up just goes back to the bottle. | ||
| This is why the administration is talking about a detox period. | ||
| Yes, that's going to be painful. | ||
| Nobody likes to wake up the day after you've drank too much the night before and you have a headache and you want to just do hair of the dog so it goes away. | ||
| That's not how you get back to long-term health. | ||
| That's not how you get back to long-term economic health and actual economic growth. | ||
| It is time to take our medicine. | ||
| It is time to sober up. | ||
| And things will get better in the long run. | ||
| By the way, in the box that we have there, they've started the vote on the floor, I believe, for the CR. We're going to monitor that closely. | ||
| Last question, EJ, because I know you've got to bounce. | ||
| President Trump goes up to the business, that's the business roundtable, all these CEOs. | ||
| He invites a bunch of us up there to take our cameras for his talk and a couple of questions. | ||
| He ain't backing off tariffs. | ||
| Right there, he's walking through the logic of tariffs. | ||
| What do you sense here? | ||
| The master plan of tariffs as an external revenue source and to bring These high-value-added manufacturing jobs back. | ||
| We got about 90 seconds. | ||
| President Trump ain't backing off. | ||
| You agree? | ||
| A hundred percent, Steve. | ||
| And part of the reason for this volatility, going back to what we started with in Wall Street, is everyone is beginning to realize that. | ||
| Whether it's the folks on Wall Street, whether it's these business leaders, whether it's the what is it, the premier or whatever the heck his title is up in Ontario, where he's finally realizing, oh, I shouldn't have messed around with this guy and threatened these electricity tariffs. | ||
| Because now it turns out that he's backing down as soon as Trump threatened to slap even more tariffs on the output of his little province. | ||
| And so as everyone realizes, not only is Trump not kidding, but they're also realizing they can't afford to go toe to toe with him and toe to toe with this country. | ||
| Everybody is slowly backing down. | ||
| Trump is winning little by little. | ||
| And that means America is going to win right along with him. | ||
| President Trump came in and said, I don't know, we're going to add 200 percent to your aluminum. | ||
| He backed off pretty quickly. | ||
| President Trump on a roll. | ||
| E.J. Your Twitter feed is really a learning experience. | ||
| Where do people go to get you, sir? | ||
| The handle there is at Real EJAntoni. | ||
| Brother, thank you so much, and thank you for the hard work you do on breaking down all the numbers. | ||
| Really appreciate you. | ||
| Thank you for having me, Steve. | ||
| We've got to appreciate EJ. You never know when he's going to end up in the administration. | ||
| Really got to appreciate him as an outside surrogate, I think. | ||
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|
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Back. | |
| Here's your host, Stephen K. Vance. | ||
| Okay, I think we have a vote on the CR, 217 to 213, just moments ago, and they called a vote. | ||
| Have they called a recess? | ||
| Are they still there? | ||
| They're still... | ||
| Okay, 217 to 213. And so it looks like we're moving. | ||
| I think what they're going to say is that... | ||
| As soon as this is over tonight or late this afternoon, early evening, they're going to call a recess and they're going to go home. | ||
| And the strategy is just to flip it to the Democrats and call the bluff of the Senate Democrats. | ||
| You guys always want to keep the government open. | ||
| You only want to shut it down. | ||
| Well, President Trump's got Elon Musk deep into the apparatus, the administrative state, finding out to waste, fraud, and abuse. | ||
| So this is going to be a big fight. | ||
| I'm sure a lot of hot talking. | ||
| We'll keep you up to date on what's going on. | ||
| Trevor Comstock joins us. | ||
| Make America healthy again, brother. | ||
| It's sacred human health. | ||
| Tech issues? | ||
| Okay, fine. | ||
| Let me go back to what we're doing here is following the CR, following the continued resolution. | ||
| Here's the strategy. | ||
| It is Biden and Harris' numbers. | ||
| It's a $2 trillion deficit. | ||
| We do not have any... | ||
| Of the cuts from Doge in there. | ||
| But what we do know, and there's some tweaks, there's a little increased defense spending. | ||
| I think last night, Eli Crane and others said they tried to put some 20,000 Afghan refugees here. | ||
| That all got taken out by people. | ||
| All the nonsense and all the games basically was taken out. | ||
| But we have kind of assurances from Russ Vogt. | ||
| We talked to a bunch of the congressmen that talked to him because President Trump had to whip this. | ||
| Remember, with everything that's going on, including guys going to Riyadh and guys doing this, President Trump actually had, when I say whip, he had to make phone calls and talk to people and say, hey, here's what we're going to do. | ||
| And part of that, I think, is the credibility of some of the leadership is shot on this. | ||
| I know in the audience, in the different chat rooms, you've kind of heard enough. | ||
| But here was the obligation, the commitment was made, is that get this, move it down the road, because if you put in too much... | ||
| If you put in Doge, put in too much of other things, the Senate Democrats will never vote for it. | ||
| Therefore, they'll shut down Trump's government. | ||
| Everything will slow down. | ||
| The reconciliation will slow down. | ||
| Everything, including working on, besides the reconciliation, just the appropriations process that's going to take place this summer where the real cuts are going to come. | ||
| So just bear with us, and you're either going to have through impoundment or you're going to have through rescissions. | ||
| These are two different ways rescissions really come from the House and the Senate. | ||
| That's what they rescind. | ||
| Part of the appropriations they have approved after a while. | ||
| The impoundments where actually OMB and others, Treasury, go to the president and say, hey, either programmatically or for whatever reason, we don't need to spend this money. | ||
| The theory of the case is that the appropriations bill is a ceiling. | ||
| And in a ceiling, then the president as an executive can make a decision. | ||
| And that decision would be to impound basically the money and not spend it. | ||
| These are all going to lead to huge fights. | ||
| The Democrats are looking to the courts, particularly that first line of federal judges, who are still putting injunctions and TROs throughout the whole country, even though they may even be for a region of the country. | ||
| They're all over Doge. | ||
| They're all over Elon. | ||
| They're going in trying to get privacy. | ||
| They want more information for your request. | ||
| All of it. | ||
| So, judicial insurrection, we're going to be covering that non-stop. | ||
| Also, what the House is doing. | ||
| House is a pretty bold move with Johnson. | ||
| Going to approve it. | ||
| What they've told people, they're going to recess. | ||
| Flip it to the Senate and say, up or down vote. | ||
| We're not going to change it. | ||
| Do it with what you want. | ||
| Let's go now to Trevor Comstock. | ||
| Trevor Comstock is the CEO of Make America Healthy Against Sacred Human Health. | ||
| What do you got for us today, brother? | ||
| Yeah, Steve, thanks for having me once again. | ||
| So today, I know we're kind of nearing the end of the colder months, but unfortunately, it seems like people are still getting sick quite a bit. | ||
| So I thought it'd be a good time just to highlight our natural immunity product, which customers have also been giving us some great feedback on. | ||
| Before taking any supplements, of course, I always just like to say that, you know, you should always be staying healthy the natural way by eating healthy, getting sunlight, getting good sleep, etc., the way God intended us to stay healthy. | ||
| But in the case that those methods aren't always easily accessible, our immunity product is definitely something that anyone can take to add to that extra layer of defense. | ||
|
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Unfortunately... | |
| Also, what we see throughout the market, when you're taking products like Airborne, Vicks, or like an emergency, which are super popular, they can oftentimes work in their own right, but they also contain a lot of additional chemicals, preservatives, and additives that aren't doing your health any favors. | ||
| So, you know, what's great about our immunity product is it combines ingredients like vitamin C, D3, B6, echinacea. | ||
| Zinc, elderberry, as well as some other natural compounds that really just offers a great boost to the body's defense system and also has no additives or preservatives or anything like that, unlike a lot of other products out there. | ||
| I noticed, you know, Trevor, I noticed I used to go to the big conferences and meet and greet everybody. | ||
| I love to do meet and greets. | ||
| I'd come back. | ||
| You just pick up stuff. | ||
| This natural immunity. | ||
| I feel great. | ||
| You know, I don't get the bug or the flu bug afterwards. | ||
| So whatever you got in it, walk us through what you got in it. | ||
| We got about a minute, but it's quite powerful because I feel fabulous when I come back from these. | ||
| Yeah, no, I appreciate that. | ||
| Yeah, we just give you the raw ingredients. | ||
| So again, you'll get vitamin C, D3, E, B6, zinc, echinacea, elderberry, and like I said, some other natural compounds. | ||
| And again, we don't put any additives in it, no preservatives or anything like that. | ||
| So you're getting the real deal. | ||
| And also, you know, you can take it if you're starting to feel like you're getting sick or just as a preventative form. | ||
| I actually had a few family members and friends reach out to me recently letting me know that they felt like they were about to get sick, like a cold was coming on, and then they took our immunity product and they did not end up getting sick. | ||
| So, of course, that could just be a coincidence. | ||
| Amazing. | ||
| But it definitely has some potent ingredients in it that have been used for generations. | ||
| Trevor, where... | ||
| For Sacred Human Health, where do they go right now? | ||
| I want them to go on the site, find out more information, read the reviews, where do they go? | ||
| Yeah, sacredhumanhealth.com or type in Sacred Human to Google and then you can always use code WARROOM for 10% off. | ||
| If you subscribe, you're locked into the 10% discount. | ||
| But yeah, sacredhumanhealth.com and then again, a ton of information on the site. | ||
| Everything I just said in regards to the ingredients, we break it down if you just click on the product. | ||
| You can sift through all the information there as well. | ||
| Do you have any social media? | ||
| Where do people go for social media? | ||
| Yeah, you can go to sacred underscore human underscore health and then you can find us on Instagram. | ||
| The center of make America healthy again, sacred human health. | ||
| Trevor Comstock, founder and chief executive officer. | ||
| Brother, thank you so much. | ||
| Appreciate you coming on. | ||
|
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Okay. | |
| The Right Stuff is going to take us out. | ||
| We've got Laura Loomer next. | ||
| Also, Kevin Posobiec got a little bit hassled today at the Basilica. | ||
| He's still there live. | ||
| And an expose about Facebook. | ||
| All next. |
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