April 5, 2025 - Bannon's War Room
48:46
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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We were about to have a night. | |
| Good evening once again. | ||
| I am Stephanie Ruhl. | ||
| Welcome to the Nightcap. | ||
| And if you are not aware, but I think you are, it is day 75 of the second Trump administration and in less than one hour, Donald Trump's 10% tariffs on imports from all countries... | ||
| We'll go into effect. | ||
| In response to this latest round, we saw another complete meltdown on Wall Street today. | ||
| The Dow, S&P, and Nasdaq, another day of losses that we have not seen since the global pandemic hit. | ||
| Meanwhile, other companies are retaliating. | ||
| China is now putting a 34% tariff on all American products starting next week. | ||
| That's why they call it a trade war. | ||
| So what was the man responsible for all of this doing today, the leader of our country? | ||
| He went golfing. | ||
| Down in Florida. | ||
| And tonight, he is attending a candlelit dinner for his MAGA Inc. | ||
| Super Pack at Mar-a-Lago. | ||
| It's a million bucks ahead. | ||
| He did post on social media today, this is a great time to get rich, richer than ever before. | ||
| But if you ask JP Morgan, things are not so sunny. | ||
| The bank's analysts say there is now a 60% chance of a global recession. | ||
| But let's go beyond markets for a second. | ||
| To business and consumers. | ||
| Tomorrow, when you walk into your favorite shopping mall or store, I want you to look around. | ||
| Because the clothes, the shoes, the phones, you know where they're produced? | ||
| Overseas. Do you know why? | ||
| That is where manufacturing exists. | ||
| Because we don't have mass production of many of those products here. | ||
| And there's no plans to produce them here. | ||
| So when Howard Ludnick says, robots, robots are going to make everything, my question is, who, what, where? | ||
| Nobody's planning this. | ||
| That will take years. | ||
| And for those who say, leave it to Trump, he's the master of the art of the deal, back in those days, there was one man negotiating for one business. | ||
| A man who went bankrupt six times with those businesses. | ||
| And tonight, while the markets are in the red, business leaders and American entrepreneurs, they're in the dark. | ||
| One of this ultimately is to get people to buy more U.S. made products. | ||
| But you are counting on that revenue as we've seen some of your colleagues like Peter Navarro arguing of how much money this could bring into the United States. | ||
| In the end, wouldn't that theoretically dwindle over time if people are buying more U.S. and there's less money coming in from what's being imported into the United States? | ||
| Yeah, that's a great question. | ||
| And that's why in the past I've called tariff policy done properly as a shrinking ice cube because what will happen, we will start out with high tariff income, but then as the factories come to the U.S., we will have more business income and we'll have more paycheck income because... | ||
| Because American workers will be earning. | ||
| So you would see it's a rebalancing. | ||
| So we'd rebalance away from tariffs to more domestic income. | ||
| But the idea that it would put a dent in the national debt then would seem not to be likely, right? | ||
| Well, not at all, because for right now, we have the income that we have, and we will be adding tariff income to that. | ||
| So when we get CBO scoring, the CBO scoring is not going to include any tariff income. | ||
| It's not going to include any. | ||
| So this is all going to be extra. | ||
| So we're at this, that the other T other than tariffs is tax. | ||
| From here, I'll be spending most of my time on the tax deal, and we're in this strange betwixt and between on the tax deal because there will be substantial tariff income, there will be substantial cost savings, and we're not going to get credit for either of those with CBO scoring. | ||
|
unidentified
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April 3rd, Donald Trump announced it as Liberation Day. | |
| By that, he meant we were going to be liberated from asymmetrical tariffs of the last 50 years. | ||
|
unidentified
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And it was going to inaugurate a new, what he called, golden age of trade parity. | |
| And yet, the world seemed to erupt in anger. | ||
| It was very strange. | ||
| Which brings up another question. | ||
| Are our tariffs really tariffs? | ||
| That is, were they preemptive? | ||
| Were they punitive? | ||
| No. They're almost leveled on autopilot. | ||
| Whatever a China has prohibitive tariffs. | ||
| So does Vietnam. | ||
| So does Mexico. | ||
| So does Europe. | ||
| So do a lot of countries. | ||
| So does India. | ||
| But if tariffs are so destructive of their economies, why is China booming? | ||
| How did India become an economic powerhouse when it has these exorbitant tariffs on American imports? | ||
| How did Vietnam of all places become such a different country even though it has these prohibitive tariffs? | ||
| Why isn't Germany Before its energy problems, why wasn't it a wreck? | ||
| It's got tariffs on almost everything that we send them. | ||
| How is the EU even functioning with these tariffs? | ||
| I thought tariffs destroyed an economy, but they seem to like them. | ||
| And they're angry that they're no longer asymmetrical. | ||
| Apparently, our people who are tariffing us think tariffs improve their economy. | ||
| Maybe they're right. | ||
| I don't know. | ||
| The second thing is, why would you get angry at the person who is reacting to the asymmetrical tariff and not the people who inaugurated the tariff? | ||
| Why is Canada mad at us when it's running a $63 billion surplus and it has tariffs on some American products at 250%? | ||
| Doesn't it seem like the people who started this asymmetrical If I could use the word trade war, it should be the culpable people, not the people who are reluctantly reacting to it. | ||
| Sort of like Ukraine and Russia. | ||
| Russia invaded Ukraine. | ||
| Do we blame Ukraine for defending itself and trying to reciprocate? | ||
| No, we don't. | ||
| We don't blame America because it finally woke up and said whatever they tariff us, we're going to tariff them. | ||
| The distribution of equities across households, the top 10% of Americans own 88% of equities. | ||
| 88% of the stock market. | ||
| The next 40% owns 12% of the stock market. | ||
| The bottom 50 has debt. | ||
| They have credit card bills. | ||
| They rent their homes. | ||
| They have auto loans. | ||
| And we've got to give them some relief. | ||
| I was struck by the statistic from last year. | ||
| That's the message right there. | ||
|
unidentified
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Just as a bystander, I'm like, wow, okay. | |
| The examples, and I was really struck by two different statistics last year. | ||
| Summer of 2024, Americans took more European vacations than they had in history. | ||
| Summer of 2024, more Americans were using food banks than they ever have in history. | ||
| I went into two food banks near my hometown to ask, what's the story? | ||
| For a lot of people, it's a loss of dignity to walk in a food bank. | ||
| Of course. | ||
| But they were seeing something, a new phenomenon, that it wasn't their traditional clientele. | ||
| It wasn't people who'd lost their homes. | ||
| It wasn't people out on the street. | ||
| These were working families who could no longer, $100 at the grocery store, that basket of groceries every week, they were missing five, six, seven things, and they were coming to the food bank to top up. | ||
| So that's not a great America. | ||
| Record European vacation, record food banks. | ||
| And no reason we can't keep the record European vacations going, but we've got to take care of these other people. | ||
|
unidentified
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There's a final irony. | |
| The people who are warning us most vehemently about this tariff quote the Smoot-Hawley Act of 1930. | ||
|
unidentified
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But remember something that came after the onset of the depression, after the stock market crashed in 1929. | |
| That law was not passed in 1930. | ||
| It was not really implicated to 31. | ||
| And here's the other thing that they were confused. | ||
| That was a preemptive punitive tariff on our part against other countries. | ||
| We had a trade surplus and it was not 10 or 20 percent. | ||
| Some of the tariffs were 40 and 50 percent. | ||
| And again, it happened after the collapse of the stock market. | ||
| In conclusion, don't you find it very ironic that Wall Street is blaming the Trump tariffs for heading us into a recession, if not depression, when the only great depression we've ever had was not caused by tariffs, but by Wall Street? | ||
| It is hard to get your head around how much damage this one man Can cause. | ||
| I think it's even harder to get your head around simultaneously. | ||
| The fact that he can do damage of this magnitude with such a teeny tiny teeny teeny tiny amount of thought. | ||
| You'd think it would take a grand plan and some big brains to figure out how to destroy the economy of the richest nation on Earth. | ||
|
unidentified
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But that's not how it's working out. | |
| Turns out it doesn't take a big idea or a lot of big brains working together. | ||
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
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unidentified
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Because we're going medieval on these people. | |
| I got a free shot on 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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Mega media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room. | |
| Here's your host, Stephen K. Bann. | ||
| It is Saturday, 5 April, in the year of our Lord, 2025, as President Trump and his team works through the weekend to... | ||
| Get ready for Sunday night at about 8 o'clock when the Asian markets open and we get back into this, into Europe, and we get back into this also in the United States. | ||
| Let me just read you President Trump moments ago, and here's the headline from the weekend Financial Times of London. | ||
| President reads one of the papers, many papers President Trump reads. | ||
| He reads the New York Times, the Washington Post, the Wall Street Journal. | ||
| The New York Post, the Financial Times of London, also the Washington Times. | ||
| And Epoch Times, I think, too. | ||
| Cover to cover. | ||
| President Trump is a big consumer of news, particularly printed newspapers. | ||
| Headline, Trump defiant as Beijing's fight back deepens turmoil. | ||
| And then we have the typical meltdown of the financial clash in style that is hysterical. | ||
| Remember, the people opposing this, the political enemies of President Trump are not doing this in good faith. | ||
| They're trying to initiate a stock market crash or a bond market crash and therefore get to President Trump's political weakness, although the Daily Mail has a story. | ||
| I don't know if we can put it up. | ||
| I just got it to folks. | ||
| It shows that President Trump's popularity is soaring in the last 48 hours. | ||
| As working class people, we laid out Victor Davis Hanson and Scott Besant. | ||
| Scott, as you know, contributed here. | ||
| Scott was both on Caitlin Collins, did a magnificent job. | ||
| Scott was also on Tucker Carlson. | ||
| If you have not seen Tucker's, and I'll put it up, if you haven't seen Tucker's one-hour interview with Scott Besant, make sure that you, over the weekend, as a homework assignment, get into that. | ||
| Tucker asks great questions. | ||
| Scott Besant gives great answers. | ||
| And to the... | ||
| What is it? | ||
| Stephanie Ruhl and her team at MSNBC. | ||
| Now, Scott Besson's been in the room, very much in the room, and is one of the architects of this. | ||
| Obviously, President Trump with his chief architect, Peter Navarro. | ||
| Also, the new trade representative who was the deputy under Bob Lighthizer. | ||
| So a lot of people work in this. | ||
| From President Trump's Truth Social just moments ago. | ||
| China has been hit much harder than the USA. | ||
| Not even close. | ||
| They and many other nations have treated us unsustainably badly. | ||
| We have been the dumb and helpless whipping post, but no longer. | ||
| But not any longer. | ||
| We are bringing back jobs and businesses like never before. | ||
| Already more than $5 trillion of investment and rising fast. | ||
| This is an economic revolution. | ||
| All caps. | ||
| From President Trump. | ||
| Let me repeat that. | ||
| This is an economic revolution and we will win. | ||
| Hang tough. | ||
| Won't be easy, but the end result will be historic. | ||
| We will, all caps, make America great again. | ||
| President Trump's hanging tough. | ||
| I can tell you the nations of the earth and the biggest, most significant companies in the world are all clamoring to at least sit down. | ||
| President Trump has taken a maximalist stance on this part. | ||
| Which is no negotiations. | ||
| And I think the reciprocity of the tariffs and the way they're calculated by the Trump administration kicks in on April 9th. | ||
| Last night at midnight, the 10% kicked in. | ||
| But the nations of the world do want to have at least a hearing to explain their side of things and maybe even to talk about what remedies are. | ||
| President Trump right now saying, hey, it is what it is. | ||
| Johnny Kahn's going to take us out. | ||
| We've got a full morning here in the War Room. | ||
| We're going to break down and explain exactly what this economic revolution is that President Trump's talking about to go along with his political revolution. | ||
| Short commercial break. | ||
| Back in the War Room in just a moment. | ||
|
unidentified
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I got American Park. | |
| I got American faith in America's world. | ||
| Go on, raise the flag Cause I got stars in my eyes Oh, I'm in love with her And I won't apologize Dress her up So you don't recognize her She'll still be there | ||
| if you wake up in the night Because a mother can always find her child Even when that child don't know he's lost I'm American John | ||
| Conn. That song was written at the beginning of the Tea Party movement. | ||
| After the financial crash, the Tea Party started with Rick Santelli's rant on CNBC in the morning, I think, in late February, early March. | ||
| Jenny Beth Martin, Michael Patrick Leahy, Jim Hoff, others got on a conference call, a couple, they didn't really know each other, got on a conference call, and others. | ||
| Got on a conference call a couple days later and decided on April 15th, on tax day, they would have rallies around the nation. | ||
| Taxed enough already. | ||
| Tea. Tea party. | ||
| That is the beginning, picking up from, you know, Perot and Buchanan and Reagan and all the way through, kind of this populist wing. | ||
| The words Jenny Kahn wrote, American made, with American parts. | ||
| I've got an American faith. | ||
| American made with American parts. | ||
| We're in the middle. | ||
| This is what is being like in being in combat. | ||
| You're in the fog of it right now. | ||
| The fog of tariffs. | ||
| And you're having a million different things coming at you. | ||
| As is President Trump. | ||
| President Trump, if you think about it, is... | ||
| He calls it an economic revolution. | ||
| Those are his words, not mine. | ||
| That's on His Truth Social this morning. | ||
| The Daily Mail has done a quick snap poll and shows his approval. | ||
| I think his popularity approval is up to 54%. | ||
| Because intellectuals like Victor Davis Hanson at Stanford, at the Hoover Institute, Scott Bessett from Yale, absolutely brilliant capital markets guy. | ||
| Peter Navarro from Harvard, PhD in economics. | ||
| And yes, a Harvard PhD in economics at least shows that you're among the smarter folks on economics and modeling, regardless of what people say. | ||
| You know, you've got to have economists. | ||
| Economists are quite helpful to walk through math. | ||
| The math is quite complicated here to set up the reciprocity. | ||
| Took a lot of work, a lot of people complaining about it. | ||
| And maybe we do... | ||
| A double down on how it's explained and maybe even do conference calls or make sure that your trading partners, because these people are trading partners, we're not isolationists. | ||
| America first doesn't mean America alone. | ||
| It means networked into a global system based upon the Westphalian system, the system of nation states in which the citizens are sovereign. | ||
| Why do you think Trump's, with all the negative, everything, I can go through these things, the New York Times, Wall Street Journal. | ||
| Trump's deranged. | ||
| Trump's the enemy. | ||
| Trump's, you know, but he's taking on the vested interest in the world. | ||
| This is what it means to fight. | ||
| A lot of people talk, oh, we're going to do this in the World Economic Forum. | ||
| We're going to do this. | ||
| The globalists are evil. | ||
| The globalists are bad. | ||
| Well, hey, Trump just gave them a hammer blow. | ||
| The shock and awe. | ||
| The days of thunder that he's been giving to the domestic side and the administrative and deep state. | ||
| He just pivoted and turned and did it to the party of Davos that interlocking connections of capital markets, corporatists, cultural and political leaders that control the world, including many of your own citizens, and they don't like it. | ||
| This is a fight to take that control back. | ||
| Now how this develops over time is going to be fascinating and this is why President Trump is a master dealmaker. | ||
| He's also got just stone-cold courage, and part of that courage you saw when he came back and said, I know they're going to put me in prison. | ||
| I know they're going to try to bankrupt me. | ||
| I know they're going to try to smear me and say all these terrible things about me with women. | ||
| I know they're going to do all that and smear my family and try to destroy my family and make it so that we can't even walk down the street, that we don't have, you know, waves of bodyguards to protect us because they're crazy. | ||
| You see that throughout the country today. | ||
| Rachel Maddow last night. | ||
| The color revolution, the color revolution. | ||
| Today's their big day to turn out. | ||
| To go into the streets, quote unquote, for direct action. | ||
| Trump is taking on a world system that's embedded and been embedded for decades and decades and decades. | ||
| Let's go back to 1989. | ||
| That world system when the people, when the Lao Bai Jing and particularly a younger generation of college students and young adults, not just in Tiananmen, but throughout China. | ||
| Protested and actually used as their symbol, what was it, the goddess of liberty? | ||
| A papier-mâché replica of the Statue of Liberty built by the Art Students League of Beijing. | ||
| And they put it in Tiananmen and that's when they realized they cracked down. | ||
| Did the people in China get freedom right after that? | ||
| When the Berlin Wall fell six months later, one took place in June, on 4 June of 1989, the other took place, I think it was even 4 November. | ||
| Of 1989 when the Berlin Wall fell, was that immediate freedom to the people that had been oppressed by the Bolsheviks? | ||
| No. Did not. | ||
| Because the apparatus closed ranks. | ||
| The apparatus closed ranks. | ||
| And Skolkrov and Bush with others cut a deal. | ||
| To allow the Chinese Communist Party to say, hey, we're going to bring you for most favored nation and the World Trade Organization and all of it. | ||
| And the Clinton administration with Bob Rubin did it, pulled it off. | ||
| And after a few years of just outright theft by the West, by Western companies and Western individuals and Western governments of stealing from the Russian people, they revolt, they turn in the KGB. | ||
| These gangsters came back. | ||
| And took charge, and that's where you are today. | ||
| They want to not just have President Trump blink. | ||
| They want to break him. | ||
| They're going to use this to try to break him. | ||
| And he's not breakable. | ||
| He's doing three things simultaneously. | ||
| And this is why between now and the trip to Riyadh at the end of May, I think, is such an important time. | ||
| In fact, it may be... | ||
| The most important 60 days in modern American history, given the revolution. | ||
| Trump said, I'm here to deliver an economic revolution. | ||
| He's already delivered the political revolution. | ||
| Now it's got to be inextricably linked to the economic revolution. | ||
| Think about John Kahn's words. | ||
| John Kahn's words were written 13 or 14 years ago, 12, 13 years ago, over a decade. | ||
| American made with American parts. | ||
| We've been talking about this ever since people woke up to the fact we started having trade jobs and the jobs started mysteriously disappearing in the 70s, 80s, and 90s and would reform in China. | ||
| And it started with men, but now it's men and women would just go around, people that would be in the workforce and be in rewarding jobs and good jobs and good paying jobs with benefits they could raise a family off of. | ||
| So people can make plans. | ||
| They talk about companies making plans. | ||
| How about people making plans? | ||
| That you could fall in love and get married in your 20s and start to have kids and have a family, not just have one. | ||
| And to take the anxiety away. | ||
| Think of the anxiety. | ||
| Even you in the audience are middle class or upper middle class. | ||
| You understand you're all on a knife's edge. | ||
| Virtually everyone's on a knife's edge besides the top. | ||
| A couple of percent. | ||
| For most of the middle class, if you're laid off, and those layoffs are coming because of artificial intelligence in the managerial and the technology, in the managerial and administrative class, particularly under 30. You may have a great job now at a college paying 70, 80, 90,000 bucks a year, 100,000 bucks a year. | ||
| Look around. | ||
| Is that job going to be there two years from now? | ||
| President Trump's economic revolution is a reordering of a system. | ||
| That started maybe with well intention, but over time took advantage of those people that were keeping it propped up. | ||
| The American citizen, the American worker. | ||
| And for decades and decades and decades, politicians and cultural pundits and people on the right and people on the left, Bernie Sanders, they've all sat there and shaken their fists. | ||
| This is terrible. | ||
| And the Chinese Communist Party and Wall Street. | ||
| Hey, a man stepped onto the world stage. | ||
| Last week in the Rose Garden and threw down hard. | ||
| And now the world's responding. | ||
| First off, oh, they're going to dump their equities. | ||
| They're going to dump their American stocks. | ||
| Okay, fine. | ||
| Markets go up and down. | ||
| As the world now is beseeching him to take a meeting, every nation on earth, I may hold the Chinese out from that. | ||
| I'm not absolutely sure of that. | ||
| Because they have a bigger geostrategic... | ||
| This is a showdown between... | ||
| This is the... | ||
| They argued the Thucydides trap. | ||
| But as I tell Graham Allison when he came here to this very building to have lunch and we talked to his book, I said, hey, yo, dude. | ||
| One fallacy in the Thucydides trap, you never had an example. | ||
| Where the declining powers elites made more money on the way down than they made on the way up. | ||
| They were actually partners with the rising power. | ||
| That would be our elites. | ||
| American made with American parts. | ||
| Trump's strategy is twofold. | ||
| To use this as a forcing function to bring jobs, high value added manufacturing jobs and return us to be a manufacturing superpower. | ||
| In addition, to say, hey, if you want acts, if you're not going to make it here with American workers, and that will, Caitlin Collins, come on, girl. | ||
| You've got to be able to do the math simply. | ||
| Well, what happens if the terrorists, they do it here? | ||
| Lady, it's called tax revenue. | ||
| Producers over there ought to, like, you know, give her an economics comic book. | ||
| Let her read that. | ||
| So you at least get some talking, but you at least kind of understand the break. | ||
| Or, baby, I got a better idea. | ||
| Start watching War Room. | ||
| We'll learn you up. | ||
| You won't be asking those dumb questions on national television. | ||
|
unidentified
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Short break. | |
| Democracy stands right now. | ||
| You know, Republicans in Congress have generally basically just bowed to Donald Trump. | ||
| They're frightened. | ||
| It's a cult-like reaction, Melissa, that a fear of being shunned or excommunicated or even facing physical threats. | ||
| This is creating a different kind of pressure. | ||
| And the reality is that the Constitution gives the clear authority over tariffs to Congress. | ||
| They've given a president some slack, as you say, if he declares. | ||
| a national emergency, there is no more national emergency in an economy that was robust than there is a war with Venezuela that has basically triggered these outrageous abductions of legal citizens to a hellhole prison in El Salvador. | ||
| Okay, Denver, when I talk, you should bring it down. | ||
| We'll do this again as many times as you want to. | ||
| It's a Saturday. | ||
| Last Saturday you guys were on point. | ||
| We did it there. | ||
| This is the other hit. | ||
| It's called like we're all cult members. | ||
| It is an emergency because we have two crises at the same time that the established order refuses to address. | ||
| Why do they refuse to address? | ||
| It's quite obvious. | ||
| They're the beneficiary. | ||
| They're the beneficiary. | ||
| All the wealth and value accretes to them. | ||
| That's why the top 1% continues to get wealthy and wealthy and wealthy. | ||
| Now they've dragged into 3% and maybe even the top 5%. | ||
| That's not the way you can run a country. | ||
| It's not sustainable. | ||
| You ever heard of the French Revolution? | ||
| You ever heard of the Bolsheviks and the Russian Revolution? | ||
| You ever heard of in China? | ||
| We have a capitalist system with no capitalists, just a handful at the top, that's an oligarchy. | ||
| Thank you. | ||
| How about the autocratic... | ||
| You guys have had the autocratic breakthrough on the left, the cultural Marxists and the lords of easy money on Wall Street and the corporatists. | ||
| This is what shatters it. | ||
| Trump has brought a political revolution. | ||
| We've turned the Republican Party into a working class and middle class party of every race and ethnicity. | ||
| That is historic. | ||
| And have essentially done that in, I don't know, 10 or 12 years. | ||
| Historic. Revolutionary. | ||
| A political revolution in that they're the credential class. | ||
| Controlled by billionaires. | ||
| On Bloomberg, on the terminal, they want bond traders to see this. | ||
| Not in some opinion piece. | ||
| Not on Bloomberg's magazine. | ||
| They have a television network 24-day. | ||
| They have a magazine. | ||
| They have Bloomberg's Businessweek, one of the biggest magazines out there. | ||
| They've got an entire news website and a huge opinion section with some of the best, most thoughtful opinions. | ||
| They've got all that. | ||
| When they want real news up in a trader's face so he understands it, because that's where they're making the big money, they put it on the terminal. | ||
| What'd they put on the terminal? | ||
| That the upper bracket's probably going to have a snapback. | ||
| From 37% to 39% in this tax proposal they're looking at because President Trump is going to decrease your taxes in addition, working class and middle class people. | ||
| No tax on tips, no tax on overtime, no tax hopefully on bonuses, but no tax on Social Security. | ||
| You're about to have another Liberation Day. | ||
| Liberation Day from the globalists was on Wednesday, and hey, guess what? | ||
| They're fighting. | ||
| They're throwing the toys out of the pram. | ||
| We're not going to own your equities. | ||
| Don't own them. | ||
| Don't own them. | ||
| It's fine. | ||
| It's called capitalism. | ||
| Things will work through. | ||
| But he's not going to agree to the system and he's not leaving here unless he does it. | ||
| Unless he brings his political revolution to the economic side. | ||
| Because he committed to people to do this. | ||
| This is why back when Johnny Kahn wrote this, American made in American parts. | ||
| Because it's America first and American citizens first. | ||
| Jack Posobiec and Charlie Kirk called it the great deal. | ||
| I call it a piece of the action. | ||
| You're not looking for some preferred placement on the top of the food chain. | ||
| You're just asking for, hey, Why don't we just restructure this thing so it's not always on our shoulders? | ||
| That's where Trump is and that's where they hate Trump. | ||
| That's where they're trying to destroy Trump. | ||
| That's where they tried to assassinate Trump. | ||
| They've already done the character assassination. | ||
| And don't think he's out of the woods on that. | ||
| Not by a long shot. | ||
| American made with American parts. | ||
| That's what this is all about. | ||
| It'll be one of two. | ||
| Either the factories will come back here or there'll be some increased external revenue service revenue coming to help take the burden off ordinary citizens as taxpayers to pay for the apparatus. | ||
| And oh, by the way, Elon Musk and those guys are coming at it from the waste, fraud, and abuse. | ||
| And I'm sure they're going to show up with definitive numbers. | ||
| That will bring down the cost. | ||
| That will shrink the deficit, the external revenue, and Howard Lutnick, the tariffs, that will shrink it. | ||
| Also, Caitlin Collins, take your number two pencil out, young lady, and write this down. | ||
| Yes, when they bring the jobs back, it's higher tax revenue and higher personal income revenue, ma'am. | ||
| And the superstar at CNN shouldn't be corn-fused. | ||
| When that's laid out, they've got to ask that question. | ||
| What does that mean if the tax revenues... | ||
| Hey, not to pick on you, CNBC anchors did the same thing the other day. | ||
| But that shows you the lack of seriousness in the media. | ||
| What they're trying to do is they're trying to spin up a crash. | ||
| Everybody sell, everybody dump. | ||
| That'll get Trump's attention. | ||
| Trump's locked in. | ||
| He just said, hey, it's an economic revolution. | ||
| Now... In any deal or anything you look at, in any restructuring, you definitely listen to and have what the other side says. | ||
| We already know BB's coming on Monday. | ||
| I would strongly recommend that 90% of that conversation be listening to what BB's saying about tariffs and technology and trade and all that. | ||
| Because, you know... | ||
| At least from my perspective, and I think people I talked to were not really that interested in any kind of military operation around Persia. | ||
| And I know that's being pitched. | ||
| Also, the nations of the earth are trying to get to Trump to at least explain their side of the situation. | ||
| And corporations are sitting there going, hang on, let me just understand this. | ||
| Because corporations, particularly bringing the supply chains back, and what Lena Kahn says, all that ecosystem of small companies is just not building one huge plant. | ||
| You've got to bring an entire ecosystem back. | ||
| And yes, Stephanie, we understand that's not going to happen tomorrow. | ||
| That's why this is a revolution. | ||
| And that's why Trump's the only person that could do it. | ||
| The only person with the understanding, the knowledge, not just the knowledge of the economics of it, The knowledge of the process and the knowledge of the players. | ||
| There's three parts. | ||
| The process of this. | ||
| Of actually coming and actually having a law. | ||
| He's doing a massive restructuring. | ||
| You can actually say at the end of the day that maybe is a deal. | ||
| Just like the deal we had at the end of World War II. | ||
| Had Bretton Woods. | ||
| Had the money part. | ||
| Had the security part. | ||
| Had the economic part. | ||
| Had the trade part. | ||
| Had the commerce part. | ||
| Had the legal regulatory apparatus part. | ||
| That all came in after the war when we were astride the globe like a Goliath. | ||
| Except when the secrets of atomic weapons got, and then later hydrogen weapons, got somehow landed in the hands of the Bolsheviks. | ||
| How did that happen? | ||
| Man, oh man, how did that happen? | ||
| Maybe McCarthy was right. | ||
| Maybe a couple, three communists. | ||
| Maybe a couple, three Bolsheviks in the U.S. government. | ||
| At Yalta in those labs, I'm just saying, hey, a couple of people went to the electric chair and they should have gone to the electric chair and all this whinging afterwards is trying to cover up because they gave our secrets away and made the world a much more dangerous place. | ||
| A much more dangerous place. | ||
| It's a dangerous place today. | ||
| President Trump, this is what the Russian rapprochement is. | ||
| He's trying to get the architecture of a new geopolitical realignment. | ||
| To set the 21st century on a path of peace and prosperity. | ||
| Everything you see Trump doing, from the hemispheric defense, from Greenland and the Arctic all the way down to the Panama Canal, of course with your allies Brazil, once you broom Lula, Argentina, once you sort the mess in Venezuela, which can all be sorted out, the hemispheric defense kind of... | ||
| You know, Monroe Doctrine 2.0, but then Manifest Esther, you got the vast Pacific and the three island chains. | ||
| Vavum. We're safe. | ||
| Throwing an anti-ballistic missile or some sort of iron dome. | ||
| Pretty hermetically sealed, folks. | ||
| May take you 10 or 20 years to get there, but pretty hermetically sealed. | ||
| You also are bringing the Russians and kind of reuniting the Judeo-Christian West into some sort of at least... | ||
| Folks that get along and are economically hardwired in together and take them out of the camp of the criminals in Beijing and these murderous mullahs in Persia. | ||
| Next thing you know, maybe, I don't know, peace and prosperity in the Eurasian landmass. | ||
| Lay down the guns. | ||
| They're not killing each other. | ||
| They're not killing a million and a half people in the bloodlands, which is one of the reasons the 20th century was the bloodiest century in mankind's history and a dark age for man. | ||
| Trump is trying to end the Second World War. | ||
| To end it in a way that sets us on a path of peace and prosperity and not at each other's throats with these defense contractors and a trillion dollar defense budget. | ||
| Do you see any of that crowd over there? | ||
| You know, hey, President Trump, here's what we can do. | ||
| That's really smart because we would like to beat our swords into plowshares. | ||
| You don't see that. | ||
| And I must have missed, Elon and Doge, I must have missed, while you're shutting down Social Security offices, that then you come back and say, we're not going to shut them down after the Wisconsin vote. | ||
| So after the Wisconsin vote, now we're not shutting down the Social Security offices. | ||
| I've only heard crickets of Doge across the Potomac. | ||
| Just, you know, a thought bubble. | ||
| From a guy as a young naval officer that worked over there. | ||
| Yes, serving one's country. | ||
| That there may be a tad of waste, fraud, and abuse over there. | ||
| Just a smidgen. | ||
| Just might be a smidgen. | ||
| I'm waiting for that report. | ||
| I'm waiting for that report. | ||
| If we're going to cut a train on waste, fraud, and abuse, I would just think that we'd have just a smidgen. | ||
| Just a taste. | ||
| Just wet your beak. | ||
| Otherwise, it's just performative. | ||
| And people in the city know this. | ||
| Washington, D.C. is a town without pity. | ||
| Like New York. | ||
| The money and the power, it's without pity. | ||
|
unidentified
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And that's just the way it rolls. | |
| That's the way it's rolled throughout history. | ||
| We get that. | ||
| I understand that. | ||
| But they're cynical. | ||
| Because they've heard it all before and they've heard the talk. | ||
| They've heard that. | ||
| The talk, the talk, the talk. | ||
| Trump gave you action, action, action. | ||
| As a blunt force instrument. | ||
| As only to make a revolution, the economic revolution that will underpin the political revolution he's driven now. | ||
| And they couldn't stop. | ||
| They couldn't stop. | ||
| They tried everything. | ||
| There's nothing else they could have tried. | ||
| Hell, they tried to kill him. | ||
| They tried to put him in prison. | ||
| They tried to smear him. | ||
| They tried to bankrupt him. | ||
| They tried to make him that he's the worst people around. | ||
| Women, everything you could possibly do, they tried. | ||
| And they failed, and he won bigger than ever. | ||
| They tried all that, and he consciously knew they were going to try it. | ||
| That's why he's Cincinnati. | ||
| They came back. | ||
| That came back from his home that he wanted to retire to, to come back to the arena, to come back to the action, and he didn't come back to do small things. | ||
| Having gone through that, that's why he stood in the Rose Garden the other day with the flags in back of him and threw down against the globalist world order and said, I am here as a representative of the sovereign will of the American people to shatter you. | ||
| And they don't like it. | ||
| And I understand that. | ||
| And you understand that. | ||
| And it's not going to change anything. | ||
| Not going to change us. | ||
|
unidentified
|
Here's your host, Stephen K. Bann. | |
| We told you times of turbulence were coming, right? | ||
| Because we knew President Trump was going to do this. | ||
| He's going to restructure the economic order to center it around the American people. | ||
| And the United States of America and want other nations to do it themselves for themselves. | ||
| But if you want access to this market, want access to our people, want access to our buying power and what the Trump movement has done and created, then it's a premium. | ||
| You've got to pay a premium. | ||
| Not going to be picked off, not going to be ripped off anymore. | ||
| Full stop. | ||
| How that eventually takes place and are these tariffs at the end, the final tariffs? | ||
| I don't know. | ||
| I think some of the nations of the earth want to at least explain that, hey, maybe we don't agree with your numbers. | ||
| That's all part of a process. | ||
| Anytime you've done a restructuring, there's thousands of meetings that go on. | ||
| before deals actually come together. | ||
| Because remember, these will be our trading partners. | ||
| They're our trading partners today. | ||
| They're just taking advantage of us. | ||
| Because why? | ||
| Because it worked for the wealthy. | ||
| It worked for the top 1% at your detriment. | ||
| Trump's reversing that. | ||
| He wants global trade. | ||
| He wants lots of it. | ||
| But he wants it to make sure it makes America robust. | ||
| Makes America vital. | ||
| Makes the American citizen get rid of that anxiety. | ||
| Trump's going to take your anxiety away. | ||
| He's going to take that what burns like acid to you. | ||
| You can't be calm. | ||
| You can't get this Buddhistic calm. | ||
| You can't get the calm. | ||
| If you're always worried, and let's leave your spiritual efforts to the side, I understand. | ||
| There are many people that have come from your spiritual, but if you add on top of it the angst of the economic pressure, it just makes everything harder. | ||
| Makes the family life harder. | ||
| Whether they talk about divorces, I don't know, 80% of divorces about financial issues, normally that's about not enough money coming in to handle the spending and the cost. | ||
| We had an era after the war, and we had an era beforehand. | ||
| That wasn't this anxiety, this angst. | ||
| This constant pressure was not there. | ||
| That's what Trump's trying to return us to, and he'll return us there. | ||
| It's going to be choppy. | ||
| It's going to be rough. | ||
| They're not just going to sit there and go, oh, we love this. | ||
| We see what you're doing. | ||
| Let us sign up. | ||
| However, they all want to get to him right away and explain. | ||
| And in explaining, you may say, hey, how do we figure this out? | ||
| The company's the same way. | ||
| The company just doesn't want to stand. | ||
| As Charlie Kumar comes in, these are sustainable, long-term tariffs at whatever rate. | ||
| Whatever rate. | ||
| Because that would then get business. | ||
| Yes, I can bring the ecosystem around my business back. | ||
| I can bring the supply chains back. | ||
| We can do that. | ||
| And President Trump has shown the economy he can build in the first term. | ||
| Think of the year 2019. | ||
| To understand this, this is why we did the series about the end of the dollar empire. | ||
| Not that we want the dollar empire to end, although it ought to be a debate about that, about us being the prime reserve currency. | ||
| It comes with tremendous benefits, but it has massive obligations. | ||
| Those obligations have been just dumped on your shoulder. | ||
| They socialized that while the elites took all the upside. | ||
| That's the system we're in. | ||
| That's the system Trump's trying to break. | ||
| That you get a piece of the action. | ||
| Since it's all on your shoulders. | ||
| Birch Gold, that's why Birch Gold, the end of the dollar empire. | ||
| It's totally accessible. | ||
| We wrote it in a way that's both intelligent, but you can understand it. | ||
| We've gotten tremendous feedback. | ||
| We worked a lot to do that. | ||
| And he starts to give you a mental map. | ||
| Right now you need a mental map. | ||
| In the fog of tariffs or the fog of war, Remember, the way that you can see through it empowers you. | ||
| That you're just not the recipient. | ||
| All this information is coming in. | ||
| What does it mean? | ||
| Birchgold.com And as something quicker... | ||
| That you can get right away the ultimate guide to investing in gold in the era of Trump. | ||
| They've done that too. | ||
| Philip Patrick and the team, which is critical for you to get access to them. | ||
| Remember, it's physical gold. | ||
| If you decide to go down this route, physical gold is what you want. | ||
| My strong recommendation. | ||
| But take the ultimate guide, study it, and then reach out to Philip Patrick and the team. | ||
| And that you get. | ||
| Simply pick up that phone and text Bannon at 989898 and do it today. | ||
| Also, we need you on the ramparts next week with the Article 3 project and impeachment. | ||
| So much is going to go on next week. | ||
| The tax bill is coming in. | ||
| Chip Roy has already said the Senate tax bill, which has got a $5 trillion debt ceiling limit and still has massive spending. | ||
| Next week is going to be quite interesting. | ||
| Because President Trump's trying to do a tax liberation from you, he's trying to do a regulatory, you know, administrative state, beat that down for a regulatory liberation, plus Liberation Day from a choking global order that's choking down the American working man and woman. | ||
| HomeTitleLock.com, they've got the $1 million triple lock protection, 24-hour coverage, they'll alert you in the middle of the night, and if all else fails, a $1 million restoration. | ||
| Talk to... | ||
| Natalie Dominguez and the team by going to hometitlelock.com The promo code is Steve25. | ||
| I like that. | ||
| Steve25! If you're battle-hardened, which we are, on the political revolution, now you've got to be battle-hardened on the economic revolution because it ain't going to be pretty. | ||
| They're coming hard. | ||
| They're trying to start, this is their dump Trump movement, right? | ||
| They're going to lead by dumping stocks. | ||
| They think they're meeting all today around the country. | ||
| That's fine. | ||
| The color revolution comes to D.C. and other places. | ||
| That's fine. | ||
| That's part of the American process. | ||
| It's great. | ||
| You know what I need? | ||
| I need another refill of my Warpath coffee, brother. | ||
| What do you got for me? | ||
| We got plenty, Steve. | ||
|
unidentified
|
The website is warpath.coffee. | |
| It's the best coffee out there, period. | ||
| No holds barred. | ||
| For the War Room Posse, we're doing 15% off this weekend, and the promo code is WARROOM, and the website is warpath.coffee. | ||
|
unidentified
|
It's the smoothest coffee you'll drink, period, hands down. | |
| We have over 8,000 five-star reviews right now and counting. | ||
| The Posse is not buying it. | ||
| They can't drink it fast enough. | ||
| It's crazy. | ||
| We can't roast it fast enough. | ||
|
unidentified
|
We keep roasting more and more and it just sells out. | |
| It's crazy. | ||
| People actually just love this coffee. | ||
| They can't drink it fast enough. | ||
|
unidentified
|
We've got another pallet of these in last week. | |
| They're a Trump victory mug. | ||
| It has a big 47 on the back. | ||
| Warpath coffee in the front. | ||
| We just got another pallet of these in last week. | ||
| Hands down the best coffee out there. | ||
|
unidentified
|
If you haven't tried it, you've got to try it. | |
| We roast it on a perforated drum. | ||
|
unidentified
|
And by doing that, we caramelize the beans so we don't burn them at all. | |
| That's why you can drink it straight black. | ||
| Most other companies, they do it on a solid drum and they burn the beans. | ||
| And that's why you have to have milk and sugar. | ||
|
unidentified
|
Yes, sir. | |
| Hang on one second. | ||
| We're going to take a short break. | ||
| The Right Stuff. | ||
| Not a better day to play The Right Stuff. | ||
| Off an epic film. | ||
| Off an epic book. | ||
| With Academy Award winning score by Bill Conti. | ||
| Amazing. Short break. | ||
| 90 seconds? | ||
| 2 minutes? | ||
| Back in the warm. |
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