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March 12, 2025 - Bannon's War Room

48:50

Episode 4331: Trump Admin Continues To Barrel Forward As Left Flounders To Find Footing

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steve bannon

40:13

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jake tapper

00:08

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Speaker	Time	Text
unidentified		In fairness to a lot of Democrats, they are doing that.
		They use this short recess, they'll use the next recess to do more of that.
		They are holding town hall meetings and shaming Republicans for not holding more of them.
		And they've elevated, they've done a lot of what Indivisible and other protest groups have wanted, elevated people who are being affected by the layoffs.
		Their problem has been, even when they win in court, as I was interviewing with Jayapal was saying, the administration plows ahead anyway.
		And they've elevated...
		The resistance, people like Al Green and Bernie Sanders were doing big flashy protests, which didn't win anything.
		When they win in court...
		They're reversing some Trump policies, but not all of them.
		And these attorneys and attorneys general we're talking about have had a frequent experience now of getting a victory, getting the courts, including the Supreme Court, to say what Trump is doing is illegal, and the administration to move ahead on it anyway, and USAID to destroy documents and say so in an email to staff, which usually is not the best way to get away with that.
		How does a party inspire the base?
		Even if it wins, the losers in the situation keep grinding ahead and don't care what happened in court.
		That is a tough problem for them.
		I don't know.
		To give them some credit, again, I don't know how anyone would solve that.
		If you declare victory and the other team advances on the board anyway, that has happened again and again in the last two months to Democrats.
steve bannon ▲ ● ▼		This is the primal scream of a dying regime.
steve bannon ▲ ● ▼		Pray for our enemies.
unidentified		Because we're going medieval on these people.
steve bannon ▲ ● ▼		I got a free shot at all these networks lying about the people.
		The people have had a belly full of it.
		I know you don't like hearing that.
		I know you try to do everything in the world to stop that, but you're not going to stop it.
		It's going to happen.
jake tapper ▲ ● ▼		And where do people like that go to share the big lie?
unidentified		MAGA Media.
jake tapper ▲ ● ▼		I wish in my soul, I wish that any of these people had a conscience.
unidentified		Ask yourself, what is my task and what is my purpose?
steve bannon ▲ ● ▼		If that answer is to save my country, this country will be saved.
unidentified		War Room.
unidentified		Here's your host, Stephen K. Bannon.
steve bannon ▲ ● ▼		Wednesday, 12 March, in the year of our Lord, 2025. Action today.
		Lots of signal.
		The president's going to welcome the Irish leader that was at the Tayshok.
		I think I got my Celtic right there.
		I don't know.
		War room chat.
		Tell me.
		I'm never a big name on this because all the Irish politicians are the worst in the world.
		Of selling out their countrymen and selling out Irish nationalism because they're the most globalists that they are.
		Bought, paid for, and owned by the party of Davos.
		So it's always more performative.
		But there is an amazing young man coming today.
		I think he spent 500 days in prison for, would not bend a knee, taught at a Christian school in Ireland, in the Republic, and would not bend to DEI, would not bend to pronouns, any of it.
		And they threw him in prison, an Irish prison.
		He's going to the White House today.
		And we're trying to get, whether it's Terry Schilling or Brandon Schulter or somebody to help track him down, the White House people track him down, hopefully have him on in the afternoon show.
		That's all going on.
		Brian Glenn's going to be in the Oval in about 10.30, 10.45.
		So we've reorganized the show this morning a little bit because we want to catch President Trump.
		These press availabilities during these bilats or when he's signing executive orders.
		And now that Real America's Voice is in the pool, and as you can tell, Brian is...
		Always comes loaded for bear and has great questions and often gets called on in their questions and kind of drive the nerd of the morning.
		We will cover that.
		But there's so much of what's really happening.
		The big event is the Senate.
		I think Trump called their bluff.
		And Johnson, you know, hat tip.
		A very Trumpian move.
		I assume and I think and I hear that President Trump had a little bit to do with that strategy.
		Vote and go home.
		Don't be around for any negotiation because there's not going to be any negotiations.
		You either want this or you don't.
		In the Senate, if we put that story up, the lead from this morning.
		Actually, we had a much better photo up on Getter with that big, beautiful picture.
		The Senate is in a very difficult situation.
		Every Democrat wants to vote against this, but they're afraid, just like that's the great Dave Weigel that opened the show on Morning Joe this morning from Semaphore, and he laid it out.
		See, here's what's happening, okay?
		The County Inside Baseball.
		If you remember, let's go back to 2021. We had a president that was on a roll and had done geopolitical tax cuts and deregulation, deconstruct at least the beginning of the administrative state.
		I think it was two or three deregulations to every one.
		By the way, when you get that right, the correct hill thing is on my getter, you can put it up again.
		And we were shattered.
		We were shattered when the election, which he got 74 million votes.
		Always remember that.
		President Trump got 11, 10.5 million more votes in 2020 as he did in 2016. Think about that.
		That is almost impossible.
		It's just incredible.
		And of course, the fake votes of Biden, which we've never seen again.
		They gave him, what, 81. Those phantom votes.
		They stole the election.
		Now, we realize now in the fullness of time that it was God's plan, it was divine providence, that that would be stolen.
		Why?
		Because it helped in the awakening of this country.
		President Trump's courage, his hero's journey to start back with nothing, understanding what they were prepared to do to him.
		You know, put him in prison, to bankrupt him, all of it, the hero's journey to come back.
		And you remember those dark days, for those of you that were with us, the most battle-hardened that had come through the pandemic and come through the big steel, the most battle-hardened of our troops here.
		Those dark days of January and February and March before we went to CPAC. Before the Schlaps had him.
		And then, you know, even into that, the spring of that year, when Fox would never, he was never on Fox.
		Never.
		Shut up.
		Wall Street Journal, everybody.
		You have to have a rally point.
		This show was not the only one, but a prominent one as a rally.
		Just like you take a defeat in the military and you retreat.
	People are sometimes, when they just drop their weapons and just run.
	They drop their weapons and run.
	You got to stick the guide on in somewhere.
	You got to get a bunch of guys around the guide on and get the guns up and say, you know, get the bugle up and say, no, we're going to hold right here.
	Everybody come around, we'll get reorganized.
	They're doing that now with the shattering defeat that President Trump gave them in November.
	They're trying to do that now.
	This is what politics is about.
	This is the process.
	What they're doing is pretty obvious what they're doing.
	This is why Rachel Maddow came back for 100 days.
	They figure in 100 days they will have that rally point.
	As you know, we watch this, the MSNBC, and we take it seriously because it's information warfare.
	That's why we break down the New York Times, why we break down the Washington Post and the Wall Street Journal and MSNBC, the ones that matter in the information war.
	They're trying to use Rachel Maddow as a rally point.
	If you watch Rachel Maddow every night, she's got the pom-poms up.
	And it's kind of, you go, girl.
	She's trying.
	I mean, if you watch that, you're kind of seeing an alternative reality.
	She's got the screen, and she'll have six things on the screen one time.
	It'll be all these rallies.
	Now, it may be 50 people, but it looks like it's thousands.
	And she goes, this is Seattle.
	This is Kansas City.
	This is bing, bing, bing.
	And it's government workers, and it's, you know, the embeds, as Natalie Winters calls them.
	And here we got legal, and every time they drop in a suit, she's got Weissman and these guys on.
	It's just like Russiagate.
	And she's got Shifty Shift on.
	Right?
	Shifty Shift and Claire McCaskill, the whole crew, they're all back.
	The gang's back and they're, you know, they've got every lawsuit.
	They're going in, you know, on Freedom of Information Act, on Doge, and Elon Musk is going to have to put out everything he's finding, right?
	Of course, we have the next day Mike Davis and, you know, the Bill McGinley's of the world, smart people come on here and deconstruct it and tell you why it's nonsense and why it's only going to one.
	Crazy federal judge had Laura Loomer on last night about the deportations up at the, you know, the terrorist, the terrorist sympathizers here on student visas.
	They're going home.
	President Trump's cutting off the money and sending them home.
	But this is a process.
	You have to understand the process.
	It's the process of the resistance.
	And this is why it was so powerful.
	Dave Weigel has been around forever.
	He actually was the guy covering...
	When this whole thing kind of first started at the Tea Party, he was the guy kind of assigned to cover Andrew Breitbart.
	The reason I got to know him is that he was everywhere Andrew Breitbart was.
	In fact, they had this very famous thing at the first Tea Party convention.
	The first Tea Party convention in Nashville, Tennessee.
	And Dave Weigel was there when the World Net Daily folks and Andrew kind of had a throwdown.
	About the birther issue.
	Andrew was not...
	A big name in the birther issue.
	Later, he got interested with Sheriff Joe and other people.
	Came with more information, but originally he wasn't.
	He said, don't fall in that trap.
	They'll call you a racist if you do that.
	And Andrew was pretty adamant about it.
	But Dave Weigel was the guy.
	Cut the little microphone.
	He's one of these guys.
	Bob Costa, Dave Weigel, Jeremy Peters.
	All these people you see today much more prominently.
	Same with Cassie Hunt.
	All these people started 10, 12, 14 years ago as little, just grundoons.
	Chasing people who were completely marginal, right?
	Even Andrew was outside the mainstream.
	He became a leader, made himself a leader because of his personal personality and his understanding of information warfare, that media is everything.
	Andrew was another McLuhan-esque figure that understood what the professor, the great thinker of communication strategy, Marshall McLuhan, had actually talked about, evolutionary biology and mass communications and mass media.
	And the importance of that, the dominant, almost like an apex predator in world history.
	T.H.R.D. Chardin, Marshall McLuhan, Andrew Breitbart got that viscerally.
	Donald Trump is the exact same.
	Trump is exactly in the same school of thought, fully understands it.
	That's why so many of the moves you see in President Trump, you don't quite understand.
	They're only revealed later.
	And I will say in this, on things like that, he's always right.
	You may disagree at the beginning, but you realize later he's always right.
	What Weigel is saying is so important.
	He's saying in the morning, Joe, you should have seen the long faces.
	He goes, yeah, I see the resistance.
	You got guys out there.
	I see the embeds.
	You got employees that are saying you got legal.
	You have, you know, politicians.
	Hakeem Jeffries has kind of gone into the witness protection program.
	But I see what you're trying to do, and they've got Raskin, and they've got Bernie Sanders out getting big crowds now, talking his nonsense.
	Because everything with him is a pillow fight.
	He should get a MyPillow promo code.
	Mike Lindell, he'd be the biggest winner.
	He'd get a promo code.
	Because everything with him is a pillow fight.
	It's performative.
	But Weigel just said, it doesn't matter.
	Trump doesn't play by these rules.
	It's all gas and no brake.
	Pedal is down.
	Hammer is down.
	What I would just say, when they go into court and get these rules, they don't, boom, boom, boom.
	It's like a howitzer.
	Trump is relentless.
	And he's doing it simultaneously.
	Look at yesterday.
	You have this really, the Ukrainians agreed in a day.
	Because Trump's just saying, I'm tired of the nonsense.
	I'm tired of the killing.
	We're going to get a deal done here.
	And he stayed away from the security guarantee.
	He said, we're not doing it.
	I'm falling in that trap.
	We're going to send more aid now.
	We're going to send some more military aid, give you some more intelligence to get to a deal.
	And he's also on the tariffs, the geoeconomic part of it.
	The tariffs.
	And he's going back and forth.
	And Wall Street, you know, it's opened up down again.
	Gold, I think, is 29-17.
	The market was down 100 when we started.
	It's going to fluctuate.
	It's going to go up.
	It's going to go down.
	He's got a plan, and he's executing on the plan.
	The reason that it was providential, they stole it.
	You had the gap, and Trump was able to think and reflect and read and listen and come back like something this country has never seen.
	More powerful even than Lincoln in trying to pull it together in the Civil War, particularly in those first horrible dark years when the Confederacy would just run in the tables militarily.
	In Washington.
	Remember, all these heroes, what history glosses over it, they're all disruptors.
	They're massively disruptive at the time.
	A military endeavor against an imperial power that controlled the country, was prepared to control the world.
	Lincoln, as disruptive as you can get, hated at the time.
	Donald J. Trump.
	Dave Weigel nailed it.
	All gas, no break.
unidentified		Here's your host, Stephen K. Vann.
steve bannon ▲ ● ▼		Okay, so Weigel, this is Trump's movement, and it's in every area.
unidentified		Thank you.
steve bannon ▲ ● ▼		He's unrelenting right now, and they're not used to that.
		Later today, this is an example, later today he sent half of the Department of Education folks home last night, and today supposedly an executive order is going to shut the whole thing down.
		How many Republicans have talked for this and run on this?
		How many times in primaries?
		For either people running for the Senate or the House or in generals or, you know, in presidentials, have you heard over and over again?
		It's just a talking point.
		It's just a talking point.
		This is the difference in Trump.
		This is the difference in the MAGA movement.
		Action, action, action.
		Use your agency.
		We're here for a limited amount of time.
		It's urgent.
		It has to be urgent.
		That's what Trump is.
		It's urgency.
		And Weigel's sitting right there, and he's seen it all.
		He's been around for over a decade.
		He sees that they're not prepared for this.
		They've gotten lazy.
		They controlled the institutions, and now the institutions have been taken from them.
		And yes, we are purging the institutions.
		This is why all my differences with Elon Musk, and they're quite deep, the Doge as the shock troops is brilliant.
		I want to get to the fact of where we actually stand with the money, but just the shock troop element of it is brilliant, and it's traumatized them.
		They can't grasp it.
		And if they do grasp it, it all revolves around him, which is perfect.
		Then everybody else can get in and do their stuff.
		This is the exact equivalent of having Matt Gaetz and not having Matt Gaetz step down.
		Matt Gaetz is attorney general.
		We were going to get him across.
		You knew that.
		We would do it.
		But even not, he just takes all the incoming.
		That's kind of the heat shield nature of Musk in the Doge process.
		Because they're completely, they have a brain freeze.
		They're traumatized.
		They can't react.
		Weigel just lays it out right there brutally on Morning Joe.
		And hey, you know what?
		Nobody talked about it.
		They didn't go back to it.
		First off, to say that would be so interesting.
		You'd have a thousand questions.
		You'd say, Dave, can you stay through the break?
		We want to talk to you.
		No, they want to get out of that segment as quickly as possible.
		Because they know what they're doing.
		No, it's not working.
		They got the best of the best.
		They got Rachel Maddow every night.
		And I know you're not going to watch it, but we do.
		For the reason is we see what she's doing every night.
		It's a totally alternative reality.
		It's even an alternative reality for MSNBC because you've got Nicole Wallace and you have Tim Miller and you have all these guys on there.
		And they're kind of long faces and got knitted brows and worried.
		Not Rachel.
		She's for 100 days.
		You know, they're paying her $25 million.
		That gal is bringing it every night.
		It's rah, rah.
		We're here.
		We're throughout the country.
		We're in legal.
		We're going to court.
	We're doing this.
	We're winning.
	We're getting boom, boom.
	She's trying to rally them.
	She stuck the guide on in and said, rally around me.
	We got this.
	We got to get a counterfire.
	Let's go.
	Fix bayonets.
	Dave Weigel just said, in normal times, that would work.
	That's why Trump's not normal.
unidentified		Just shattered the mold.
steve bannon ▲ ● ▼		He's relentless.
		Weigel says, hey, the problem is that Trump, they don't care.
		They're moving forward.
		Because if you move forward, victory's up ahead.
		This afternoon, I think, I hope, he's going to sign HSA and we'll be there live.
		Brian Glenn, by the way, I believe, and that's why Brian didn't open the show, Brian's actually going to be in the Oval as one of the pools.
		I think he's in line right now, be one of the pool reporters this morning.
		We'll go to that live with the Irish leader and President Trump.
		I'm sure he's going to be asked about tariffs.
		He's going to talk about that.
		As we were invited and really want to thank the president and the great communication staff they have, Tyler and Stephen Chung and, you know, Caroline and Susie Wiles running everything to have us over for the business roundtable, which I don't think was approved.
		That's why we had the camera in there, kind of, you know, we had a handheld and I heard the president.
		And he's not backing off.
		Think of what he did.
		He has the business leaders there and he's sitting there.
		He's just going through tariffs.
		My tariff plan is going to work.
		Here's what I'm going to do.
		Their heads are blowing up.
		Right?
		Their stocks are down for a day.
		Big deal.
		Big deal.
		He's got a deeper plan, and you're seeing capital investment coming back.
		You know, Gavin Newsom, I did this podcast with Gavin Newsom.
		He says, well, wasn't this all set up, all the trillions of dollars spent and, you know, public-private partnerships of Joe Biden?
		I go, no.
		Because they waited until Trump got back, and they just announced it.
		They could announce this any time.
		They announced it.
		Apple, boom.
		They wouldn't have done it if Kamala Harris.
		They weren't coming back.
		Because Biden and the globalists are not going to break the global supply chains.
		Trump is.
		That's where the manufacturing jobs are coming back.
		That's point one of the tariffs.
		To bring manufacturing jobs back to the United States and re-industrialize.
		We call it reshoring.
		You're going to see all kinds of fancy terms.
		It's bringing factories back here.
		Bringing capital.
		Capital that invest in capital equipment.
		What is Dave Brat?
		Remember, Dave Brat comes in and he talks about capital.
		What he means is invested capital equipment.
		That the Chinese, this is what they do with your money, your pension fund.
		It's not their money, it's your money.
		Pension fund money.
		Taken through the guys like Ray Dahlia and Bridgewater.
		Ray Dahlia, that brother's become a convert.
		He's on CNBC. He's got a warning of what I've told you about.
		We're going to try to play it before the president gets on.
		He's saying what the storm clouds on the horizon is the debt and not just that, a failed treasury auction.
		We're bringing so much to market, we might not be able to sell it.
		Now, we'll end up buying it, but that reaction will jack interest rates and it'll start to send tremors through the system.
		We're on the precipice.
		The only thing I think comms hasn't done, this is what I keep saying, this is what I have EJ on, I don't think they've done a great...
		Narrative setting, framing of how bad it was and was given to President Trump.
		It's beyond awful.
		This is one of the reasons I'm so adamant about where are the cuts, both from Doge and here.
		Where are they?
		Right?
		Where are they?
	Because they're going to have to come.
	Because as I've told you, the markets had, the global capital markets have a vote here.
	We haven't had this since we went off the gold standard.
	Even in the financial crisis, because they bailed it out so quickly.
	In Nixon, the gold standard, that's when the global capital markets got on us.
	And I think we made a terrible decision.
	Nixon and those guys, after thinking about it, made it over a weekend.
	And Nixon wasn't really a business guy, much less a financial guy.
	And John Connolly, his Secretary of Treasury, certainly wasn't.
unidentified		It is...
steve bannon ▲ ● ▼		The resistance is not working because Trump will not accept it as a resistance.
		It's like when Brexit happened.
		When the British government came over, they looked at Brexit, that heroic return of sovereignty of Nigel Farage, as a...
		Problem to be solved, not an opportunity to be grabbed.
		Trump is seeing the problems and he has identified the opportunities and he's grabbing, he's driving, he's driving, he's driving.
		If everything goes according to plan today, the important thing is not the Irish guy coming.
		That's just performative.
		Because the Irish have already sold out their people and sold out, I think, the Irish throughout the world by being the most craven.
		World Economic Forum, Davos, crowd, pathetic.
		Even the guys that try to be, you know, not as pathetic as the core leadership are quasi-pathetic.
		The core things happening up on Capitol Hill are monumental.
		Number one, it's the Senate.
		And President Trump, I think, is boxing men, as I said, call people's bluff.
		Johnson called the bluff yesterday.
		And this is why the House Freedom Caucus, who hates this, this audience hates it, I understand, for a larger goal.
		For a larger goal.
		To hate it.
		And now he's got the Senate.
		They had a lunch yesterday and went through the strategy and they came in there and they were kind of blank stares.
		They got two choices, right?
		They can either vote for this.
		And let Trump fight for another day and keep the government, not have a governmental shutdown fiasco because they can't see where they scored political points because they can't see how to get out of it.
		Or they shut it down and they're afraid that just empowers Trump and Elon Musk and the other guys in the cabinets to say, okay, all these people are not essential.
		You go non-essential, essential.
		We're going to get rid of all the non-essentials.
		He's given them a terrible choice.
		And if they vote, And they get the eight votes they need on the Democratic side.
		Fetterman already said he's in.
		It's going to be a monumental win for President Trump.
		One of the biggest wins he's ever gotten on Capitol Hill.
		And the cuts aren't made.
		And look, they threw some stuff in.
		Breitbart, Bender, John Bender, the best.
		You read Breitbart, you got Matt Boyle, you got Bender, you got other people over there, great.
		Martell.
		But Bender's exceptional.
		You want to talk immigration and going through the phony plans and the visa plans, everything.
		Bender is the best.
		Guess what, folks?
		We took 50,000 Afghan refugees.
		I'm just not into that.
		I realize a lot of the vets and things, you got to draw a line.
		You got to make tough decisions.
		I know there's tough calls.
		Unfortunately, they're tough calls.
		The number should be zero.
		Got stuck in there.
		And they're too gutless to talk about it or go on TV. Hey, here's what we're going to do because I understand there'll be an uproar.
		Vendors are pointing 50,000 out.
		Eli tells me they wanted more what their fight was to get out 20,000, 25,000, 50,000 more, some other number.
		A massive win.
		The other win today, a massive win.
		If President Trump signs the executive order dissolving the Department of Education or dissolving part of it programmatically, This is where it gets to be huge because these cuts are going to have to come programmatically.
		You're taking out an entire cabinet of programs.
		This is where real cuts take place.
		Now, Department of Education is not huge, but it's symbolic of what he's prepared to do.
		And particularly, just think about it in your own life.
		How many times have you seen a brochure from somebody?
		Have you written them a $10 check or a $50 check?
		And one of their lists, we're going to get rid of the Department of Education.
		It's never happened.
		Ever.
		And they don't even try to do it.
		Trump, hey, get rid of them, fire a half of them, send them home, boom, I'll get rid of the other half.
	It's relentless.
	And they can't handle relentless.
	They've never seen it.
	They've never...
	They've never had to deal with this and they can't deal with it.
	It's breaking their spirit.
	And if you break their spirit, you break them.
	And this is where we're getting close to.
	Breaking their spirit.
	That everything that Rachel Maddow has done is not meaningful.
	It doesn't amount to anything.
	They don't rally around it because their spirit is broken.
unidentified		Here's your host, Stephen K. Mann.
steve bannon ▲ ● ▼		So we're going to stay—maybe at 1045, they're going to be ready— So we're playing this by ear.
		And we're going to call some audibles today because we want to get as much of the president as possible.
		The more we get of the president in these moments where he's basically making press availabilities, but he's kind of thinking out loud.
		It's very important.
		Number one, it's good for the historical record.
		You're living massive history right now.
		You're seeing it happen.
		It would be like being in the...
		Field command with Washington or be like with your John Hay, the young secretary, sitting there with Lincoln and sitting in the meetings.
		This is exactly what you're saying.
		He's putting it all out there.
		This is populism.
		He's inviting you in and he's thinking out loud about what he's going to do.
		He's speaking over the heads of the media, by the way, speaking to you in the world.
		That's what's so important to get these.
		Proud of what Real America's Voice has done.
		Proud of Brian Glenn, the entire team.
		And they're inviting us in.
		Why?
		They understand that we are giving a totally different coverage than anybody else.
		That we're able to frame this, and then you see it, and then you think about it, and mull over it, and then the next day.
		And you can, all the madness, because remember, it's all a swirl in the media right now.
		And the meltdown is, you know, last night's tariffs, it's tariffs.
		He's a madman.
		He's insane.
		There's a method to the madness.
		There's a method to the madness.
		Ukraine has agreed to everything that he wanted in order to get this done.
		And now he's got Witkoff in Moscow.
		He's going to bring the Russian piece.
		And the Russian part in Ukraine is just one tiny part.
		For these other guys, it's the world.
		We're going to show you why.
		The quiet part is being spoken out loud.
		David Weigel did it this morning on Morning Joe.
		There's actually even a better, not a better piece, as good a piece, if we have time this morning or this afternoon, I'll play it, where he talks about the CR and he talks about what you did and we did and the House Freedom Caucus and people who hate these, why we went along with it, because of the impoundments and the rescissions.
		And Weigel's up front and these people are sitting there like he's speaking Martian.
		But you're in the middle of this.
		In a driving force.
		I'll play the Ray Dalio if I have time.
		I tell you what, I want to do birch gold.
		First of all, birch gold.
		What you're about to hear from Ray Dalio is what we've been preaching here for the last couple years.
		When you start amounting this amount of debt, the law of large numbers, all of a sudden it starts to spin out of control.
		This is why it's going to be quite painful what happens this summer in the appropriations when the Senate, I think, folds.
		To President Trump today, or if they don't, fine, then we get on with it right now.
		And I think President Trump triples down on deconstructing the administrative state.
		But this appropriations process and the hard decisions that have to be made on defense, on Medicaid, on other social programs, tough, tough, tough decisions, because all the easy decisions are a decade or so in back of us.
		All you have left now is hard decisions.
		Thank God the MAGA movement exists.
		And Ray Daly is sending up a flare that, and I keep talking about a sovereign debt crisis, a sovereign debt crisis, that it's approaching in Europe, and this is why all the happy talk, they're going to do $800 billion in defense, and France is going to do this, and England is going to send these divisions.
		It's all fantasy.
		It's all fantasy.
		The bond market's ready to, the global capital markets are ready to turf them out, but as I've told you, We are not immune to that.
		And the bond market has turfed out more governments than howitzers.
		You have to be very conscious of that.
		And this only has happened a few times in American history.
		But right now, we're so far advanced and so irresponsible.
		The political class is so irresponsible.
		It's the reason they hate Trump.
		The adult has kind of come in and he's brought you this way out of the room, out of the deal.
		Boom.
		You're in the room and you're at the head of the table.
		And Ray Dalio kind of paints a picture of an essentially failed treasury auction, basically the global capital market saying it's too much.
	You have to sell too much every year.
	This is where inflation is embedded.
	This is how you have to wring it out.
	Birchgold.com.
	Slash warm.
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	Get all the free access.
	But get to Philip Patrick and the team.
	Gold's back up again today.
	But it doesn't matter just what's the daily price.
	It doesn't.
	It's a store of value.
	It's a hedge against these exact turbulent times we're going to go through.
	And we're going to go through them.
	So just go check it out today.
	Or take your phone at Bannon 989898. And get this guide, the free guide to, the ultimate guide to investing in gold in the era of Trump.
	Very specifically about Trump and Trump's policies.
	Because his policies are not the neoliberal, neocon policies.
	They're the exact opposite.
	They're populist nationalists.
	America first.
	American economic nationalism.
	Putting these citizens first.
	America first national security.
	And of course, the home title lock.
	Make sure you're on the ramparts.
	That you can't be taken off in case somebody's got a second on your home, a second mortgage.
	If that happens, $1,500,000, you're off.
	You're on the disabled list or the injured reserve list.
	Not to return for a while.
	They got the triple lock protection.
	What does it mean?
	Simple.
	24-hour coverage.
	Middle of the night something happens, somebody's messing with, boom, you get alert.
	And if all else fails, they have a million-dollar restoration.
	With lawyers and all of it.
	One million dollars.
	It's a million dollar triple lock protection.
	Go to hometidlock.com, Steve25.
	Let's go ahead and play.
	Before Ray Daly, Jim Rickards.
	And this is why we love having Rickards as a contributor.
	And we want everybody, if you can, you can't afford to get strategic intelligence.
	Rickardswarroom.com.
	You get access to strategic intelligence.
	You'll throw in a free book on artificial intelligence and capital markets.
	We are waiting to go live to the War Room.
	We're also going to go to Wisconsin, I hope, before that.
	But I want to play the Ray Dalio part.
	Let's play Ray Dalio on his fears about that.
	Remember, Ray Dalio is no friend of the War Room, and quite frankly, he's played footsie with the Chinese Communist Party for decades.
	I think he's having an awakening.
	Let's go ahead and hear it.
unidentified		I think the first thing is the debt issue.
		We have a very severe supply-demand problem.
		So we think there's debt, and some people think, oh, we'll handle it because we've handled it so far.
		I don't think they understand the mechanics of debt.
		By the way, I've written the draft of a book that anybody can see on social media, particularly on LinkedIn.
		That goes through the mechanics of the debt.
		But there's a supply-demand problem so that they have to sell a quantity of debt that the world is not going to want to buy.
		And that's a set of circumstances that is imminent.
		Okay?
		That's paramount importance.
		Then we're going to have to deal...
		The deficit must go from what will be projected now to be about 7.2% of GDP. To about 3% of GDP. Otherwise, there will be a supply-demand problem.
		Okay?
		That's a big deal.
		You are going to see shocking developments in terms of how that's going to be dealt with.
		Things that may not have happened in our lifetimes, but things that have happened throughout history.
		So, that's an immediate consideration of the interest rate.
		What do you mean?
		Austerity?
		Like that?
		There are many...
		What do you do when you don't have an adequate supply-demand balance?
		There may be restructurings of debt.
		There may be exerting pressures on countries to own the debt, to buy the debt.
		Political pressures on countries.
		There may be cutting the payments to some creditor countries off for political reasons.
		So on.
		So there may be monetizations of debt.
		If you look at history and see the repeating of what two countries do when they're in this kind of situation, there are lessons from history that repeat.
		And so just as we're seeing political and geopolitical shifts that seem unimaginable to a lot of people, to most people, if you just look at history, you'll see these things repeating over and over again.
		So you will be surprised.
		We will be surprised by some of the developments that will seem equally shocking as those developments that we've seen.
		So when I look at it, I think that these are of paramount importance.
		Then we're going to deal with the intern.
steve bannon ▲ ● ▼		Remember, I've always said you have these three lines of work for President Trump.
		You have the stopping the kinetic part of the Third World War here.
		You've got sealing the border.
		Taking care of the cartels and deportation of 10 million illegal alien invaders, which we now know is going to cost us at least $170 million.
		But that middle, to get it right, Ray Dalio, folks, if you ever want to hear a chilling statement, I'm going to play that one until the sprockets come off it, and we're actually going to try to get Ray Dalio on the show.
		That's how important that is.
		I want to go back.
		Remember, we've talked about the deficit as percentage.
		Of GDP. He said 7.2.
		I'm at a 6.5 to 7. Scott Besson said I'm trying to get to 6.5% down to 3.5%.
		Ray Dalio is 7.2%.
		You've got to get to 3%.
		You know what that means?
		You've got to get it through tax revenue, you've got to get it through tariffs, or you have to have cuts in spending.
		And the simplest way to get there...
		If you don't have the growth that drives the tax revenues, and we don't have the growth right now, is you've got to sit there and you've got to cut.
		And this is where Doge comes in with the waste, fraud, and abuse.
		But eventually, you're going to have to cut programmatically.
		Like today, they're going to zero, start the process of zeroing Department of Education, which is small but symbolically important.
		What Dalio said on restructuring debt, that list of actions, That's what a company or a country would do if you're bankrupt.
		Restructuring debt, rescheduling debt, cutting off payments to certain, maybe certain countries.
		Chinese Communist Party, in their Treasury Department, they heard Ray, because they know Ray Dalio.
		I'm not saying he's a fellow traveler, but he's been a buddy of theirs and in business and made money in China for years.
		When Ray Dalio says that, and that right there says CCP. They just hit the alarm over at the Bank of China.
		What did he say?
		What did Ray Dalio say might happen?
		What he's talking about, the supply-demand, let me make it simple, that our debt's too big, the deficit's too big, we have to sell too many government bonds to finance it.
		Very simple.
		And there's not that appetite.
		This is why we did the thing at Birch Gold, the end of the dollar empire.
		This is how it happens.
		We are the prime reserve currency.
		The tremendous benefits that come with that, huge responsibilities.
		In the, you're betters, you're betters, the lords of easy money on Wall Street, in the corporatist, people that think you're just a collection of rubes.
		And insurrectionists, and neo-fascists, and racists, and xenophobes, everything they call you, although 39% of black men now vote for you, and Star County, Steve Cortez got a great documentary, Star County at 97%, hardscrabble, Hispanic citizens, right, were winning by 16 points.
		You're still a bunch of racist know-nothings.
		And Donald Trump is Red Caesar.
		Right?
		And this is what they've left you.
		This didn't happen on your watch.
		This happened on their watch.
		And Ray Dalio right there.
		That should send everybody...
		Take a look at your kids.
		If you go homeschool, take a look at those children right now.
		Think of them and think of their kids.
		If you're under...
		I keep saying, if you're under 40 years old, if you're voting for that mess, they've already economically crippled you and they're on the path...
		To economically destroy you.
		Ray Dalio sent up a flare.
		Kind of a cry for help.
		We're going to break all that down.
		There's much more to come.
		Soon as we're live in the Oval, we're going to go to Brian Glenn's there and we're going to take you right in there.
		We're calling audibles today in the war room.
		Short break.
unidentified		Thank you.
		Spread the word all through Hong Kong.
		We will fight till they're all gone.
		We rejoice when there's no more.
		Let's take down the CCP.
		Leader, there should be 25 right now.
		And that's always been the case, right?
		As Democrats have had a deep bench.
		2020's primary was a key example of that.
		And then, of course, you land here.
		And what I was so struck by from Congressman Jayapal this morning is the way that she says we knew a lot of what was coming.
		It was in Project 2025. They had been through a Trump administration before.
		He is an extremely well-known political figure.
		And yet, it seems at every turn, they are flat-footed.
		And in my conversations with Democrats, voters, they feel frustrated about wanting more, but they can't quite quantify what that is.
		And they are storytelling and bringing up voter stories.
		But what is that enough?
		And who's grappling with that?
		No, they're just commiserating with them as they lose or as they get a victory in court and people get fired anyway.
		That keeps happening.
		The battle over the CR this week is a good example of this.
		Yes, because...
		The reason Republicans are comfortable voting for that is because they have been promised pretty much by Elon Musk and J.D. Vance that the president will use impoundment powers and not spend money that they don't want to be spent.
		Anyone at home who knows about the Impoundment Control Act says, but that's illegal.
		Sure it is, until a court deals with it.
		There's billions of dollars of spending that's going to be stopped in the meantime.
		Democrats are in this position of voting against it, knowing that the funding will be impounded, but people will be fired, funding will be stopped, whether they vote for the CR, whether it passes or not.
		It is a real no-win position for them.
		And how do you go back and inspire people with a no-win position?
		The way that Sanders has been doing it has been being incredibly consistent, just explaining the problem and saying people need to resist.
		He is not at these rallies in these 50 minute speeches saying, and here is my plan for winning.
		It is.
		And here is my plan for rallying people so that once we get to the ballot box again, the country is so angry at Elon Musk using the presidency to sell cars and to make himself rich that they turn out and vote against him.
		That's not we're going to do this tomorrow.
		That is in 21 months.
		We might have a victory.
		And that's not the most inspiring thing.
		But, yes, it is getting people out there and rallying and active.
		And Democrats are doing better in special elections.
		And partly because of that, those special election wins don't mean Elon has to go.
		There's nothing they can do to turn the administration around.
steve bannon ▲ ● ▼		That's one of the reasons we're going to have Wisconsin here if we can slip it in this morning.
		We will be going to the White House live.
		We're going to do some beautiful shots of the White House.
		The Irish leader is going to show up.
		The president's going to have, at least the reason we're covering this is the simple reason that we've got a president, I think he's going to have a press avail, and our own Brian Glenn's going to be there.
		Right there, you heard Weigel tell the Morning Joe crowd, and they got like the shocked look, because behind the scenes, or on places like War Room and other shows, and you saw it up on Twitter, that we've had the Russ votes, you've had people saying, hey, guess what?
		We're going to impound this.
		We are going to get to the cuts that you guys want.
		And quite frankly, now the cuts that Ray Dalio is telling you the capital markets are going to demand.
		Are going to demand.
		And that's why this got passed in the House.
		And this is why all the people that are House Freedom Caucus who hate this, their deficit hawks, the Andy Biggs, all of them, and you, this audience, and I can see the live chat and I go on my getter feed.
		I understand you hate it.
		I hate it.
		But this is a means to an end.
		And he kind of boxed in these Senate Democrats.
		You're going to see this today.
		This could be an epic win for President Trump instead of all of reconciliation and everything else he wants to do.
		Weigel laid it out right there.
		You know, J.D. Vance, others told him, said, look, it's going to be impoundment.
		And Weigel made up the most brilliant point.
		They all sit up there and they sit on Rachel Maddow and MSNBC and the New York Times and go, you can't do impoundment.
		It's illegal.
		We passed a law about this so Nixon can't do it.
		It's illegal.
		It's illegal until it's not.
		Just keep driving forward.
		Keep driving forward.
		This is in military.
		It's called maneuver warfare.
		Flank them and roll.
		Don't stop.
		This is what Patton did.
		This is Stonewall Jackson.
		This is just, get him on the run, keep him on the run.
		Never relent.
		Never relent.
		Just new things every day.
		Flood the zone.
		And be relentless.
		This is President Trump.
		And they're all saying, no, this is the end of the world.
		It's the end of their world.
		The end of their world.
		If I can get to this morning, I'm going to play David Ignatius.
		He lays out the whole thing.
		That what they're trying to suck President Trump in is the same exact thing they tried to do when Zelensky went to the Oval Office, when he had the breakfast over at the Hay Adams Hotel right across Lafayette Square, right across that beautiful little park from the White House, where the BLM Plaza, where they're taking up the bricks of BLM today.
		See how interstrictly linked it is?
		And they told him, you've got to get a security guarantee.
		Well, Ignatius says, well, what Trump needs is a win.
		What he needs is a win.
		He's got to give a security guarantee.
		That's a win for Europe.
		Because it's America on the hook, it's your sons and daughters held hostage.
		It's more money.
		That's what they want.
		They want America to continue to underwrite it.
		We're not doing that.
		Then he gives up the ghost.
		He says it, bald-faced right there.
		He says, look, the whole thing here was about Ukraine being a European nation.
		No!
		A million people died in Ukraine and 800,000 Russian troops and a million civilians and Ukrainian troops.
unidentified		A million eight for that?
steve bannon ▲ ● ▼		Are you kidding me?
		And we underwrote it to $350 billion and they want our sons and daughters in their fighting?
		These are the worst people on earth.
		And it's also adding, you can't get Ray Dalio 7.2% to 3%.
		So that we don't have the global capital markets puking on our securities.
		We have to sort of finance this mess and at higher interest rates that embed into the system so that everything's higher and you can't get rid of it because you've got to refinance a third of this crap every year.
		You have to break it.
		And one of the parts you have to do is geostrategically.
		If you're thinking, this is what the hemispheric defense is about.
		This is what America refers to about.
		This is the genius of Trump.
		And that's got to flow through.
		Hex has got to now flow that through the budget of the Pentagon.
		So we're not paying a trillion dollars.
		We're not paying a trillion dollars.
		It all fits together in such a magnificent, magnificent, magnificent plan.
		That's being executed relentlessly, ferociously, urgently.
		Hat tip to the White House staff.
		Hat tip to the Cabinet Secretaries.
		Hat tip to the Doge guys.
		Just show us the money.
		That's what we want.
		The biggest hat tip?
		This is why I'm Trump 2028. A guy like this comes along once maybe in a country's history.
		We've had two before him.
		General Washington and Lincoln.
		Of all the great men and women this country has produced, two stand out in the third, Trump.
		You will not see his kind again in the rest of this century, just will not.
		That's what we have to take advantage of every day of it.
		With all its imperfections and all its flaws, which only makes its greatness more revelatory?
		Incredible.
		The right stuff.
		Donald Trump has it.
		Do you?
		Short break.

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