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April 5, 2025 - Bannon's War Room
48:43
Episode 4392: America's Strength Has Been Manipulated For Decades
Participants
Main voices
s
spencer morrison
05:22
s
steve bannon
37:01
Appearances
m
mike lindell
02:11
t
tej gill
02:11
Clips
j
jake tapper
00:08
| Copy link to current segment

Speaker Time Text
steve bannon ▲ ● ▼
This is the primal scream of a dying regime.
Pray for our enemies.
unidentified
Because we're going medieval on these people.
steve bannon ▲ ● ▼
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.
jake tapper ▲ ● ▼
And where do people like that go to share the big line?
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.
Here's your host, Stephen K. Bann.
steve bannon ▲ ● ▼
Okay, it's the 5th, Saturday, 5th of April, Year of Our Lord 2025.
Folks, There's going to be a lot over the weekend.
I want you to stay close to my Getter account.
Also, Grace and Moe.
The Sunday shows tomorrow I think will be quite important for, as I've said yesterday, I think I had a rant that said we've got to go on offense.
We have to frame this better and explain this better.
President Trump's done his job.
It's now time for surrogates to get out there and get on.
And it's not just Scott Besson and Letnick and Navarro.
They've got jobs.
Yes, they should be out doing media, and I think they're doing the Sunday shows tomorrow, but it's also, you know, getting up a surrogate squad of economists and businessmen, all that, to basically frame it and fill in the frame.
Also, at 8 o'clock, I think, maybe 9 o'clock, 8 or 9 o'clock on Sunday night in the Imperial Capital, that's when the Asian markets will be opening, and we'll go to have another round of this.
Right now, look, the center of gravity of this is the trade war between China, the Chinese Communist Party.
Trump defiant as Beijing's fight back deepens turmoil.
The reason they're on the ropes is that that whole Potemkin village is predicated upon.
Shipping goods through Amazon, through these new sites, and Walmart, to get here to the United States of America and the American consumer.
Without that, they don't exist.
They've tried to shift their consumer economy their own.
They don't have it because they don't make the wages because Lao Beijing ain't making the money.
So they're 100% export-driven, or virtually, I think 50%, but if you look at the real numbers, without...
Without basically free access to U.S. markets.
Now, how did that happen?
How did our biggest trading partner that has a massive trading deficit...
Remember, we're essentially a colony.
We ship them raw materials.
You know, natural gas and timber and food and soybeans and natural resources.
Copper, other things.
We ship natural resources like any colony does.
And we're a market.
Now the colony happens to be a colony that can really buy things because they have an elite.
That goes back to Scott Besson's the largest ever of trips to Europe while we had the largest ever of people going to food banks.
And food banks are top off.
These are lower middle class and working class people.
These are not people who have ever been to a food bank.
And why are they doing it?
At the end of the day, because the credit card's tapped out, they're working two jobs, they can't make it.
The food bank, they have a couple staples they gotta get.
The food bank's got it.
For us to have food banks in this country is a disgrace.
It points right to the elites in this country, what they've allowed to happen to this country.
It's not a disgrace to the people that work the food banks and the people that volunteer and give the food.
That's philanthropy, or trying to do what you think is your role in the social, in the common good.
And for some, that's their cup of tea, and for others it's not.
But to actually have it and have working class people that have jobs and are not looking to work the system, the problem we have in this country, there are always going to be people that try to work the system.
You're always going to have that.
I'm talking the basic working class people in middle class country are not looking for a handout.
They don't want the government in their life, and they certainly don't want to depend upon the government.
This is why Trump's, the other part of this economic revolution is to decrease to as much as you possibly can, you're feeding the beast.
And to shift that burden elsewhere.
And what they leaked, and this had to be, the Bloomberg guys would have said, would have outed it, they said it came from people inside the administration.
That the upper bracket is either going to have a snapback from 37% to 39%, or there's going to be a new category of people make above a million dollars in some sort of different tax room.
But this is something that Bernie Sanders never did, that Elizabeth Warren never did, that Chuck Schumer never did, that AOC never did, that Biden never did, and they all talk as they kowtow to the oligarchs, the lords of easy money on Wall Street, the global corporatist, and... And the apartheid state of Silicon Valley.
Anybody on TV, these progressive Democrats are nothing but a bunch of globalists.
Don't put some phony, oh, we're populist.
You're not.
You're out for the destruction of the working class.
This is why working class people despise you.
Detest you.
This is why you watch the rallies with Bernie Sanders and AOC.
They don't stick.
It doesn't stick.
The jump.
It doesn't stick.
It's all kind of this meandering happy talk.
And you can tell at the end of the day with the crowds.
The crowds are not jacked at the end and ready to go forward and fight.
This is how they're fighting now.
They're fighting through hedge fund managers.
And Bill Ackman, let's put the Bill Ackman quote up.
Bill Ackman lays on, he's got his theory of the case.
He's a smart guy.
He says, hey, the reciprocal, the first set of tariffs good, the second he thinks overshot the mark.
But he thinks it overshot the mark for a reason, that Trump's a maximalist when it comes to doing transactions, restructurings.
President Trump has said, I'm not negotiating this.
It is what it is.
I do think in any restructuring that you at least got to listen to the people to make sure that they say, hey, these numbers are wrong or these numbers are right, and here's what we propose to do about it.
That's a phase I think is going to take place.
Just the thing that every nation on earth is trying to get to President Trump and explain themselves.
Which is on the purposes of the exercise.
Also the corporate heads and saying, hey, I want to come here, but just like Tim Cook met with him and other people met with him.
The people on the Stargate situation.
The other heads of when Taiwan Semiconductor came and met.
And said, here's what we're trying to do.
We want to make sure that, hey, we just want to make sure we understand the tariff structure.
We want to make sure we understand the tax structure.
We want to make sure we understand the regulatory structure.
So that's why I think we have Tax Liberation Day, and I think we have regulatory revolution in Liberation Day.
Although, I am a believer you have to have a regulatory apparatus, particularly going after The oligarchs that have ceded all this money and power to themselves.
And if you look over the Justice Department, the FTC and the FCC of what President Trump has done, the team he's put in there, second to none.
Second to none.
The toughest group I've ever seen.
And certainly not a Bush-type Justice Department.
So what does this mean this week?
This week, folks, get ready.
Get ready to get up on the ramparts.
We got the issues with the judges.
You're going to have this massive, the one beautiful, big, beautiful bill that's got like, I don't know, a thousand moving parts.
But this is where we got to get to the reality check of the money.
This is where I go, hey, I love Doge.
I love him running around.
Now it's the rubber meets the road.
We got to see some impoundments.
We got to see some rescissions.
On the 25 number and what they're putting together in the one big beautiful bill is 26 forward.
We've got to see reality.
And I'll be blunt.
If you're not across the Pentagon and I have only heard crickets on waste, fraud, and abuse on the palace over there that feeds off waste, fraud, and abuse and haven't heard one word, yo, yo, it's not going to work.
It's not going to cut it.
First of all, they're not going to take you seriously.
The town, the cynicals all get it, and they should be cynical.
They're not going to take you seriously.
That's why Trump, what Trump did the other day was a hammer.
They're still reeling.
Because remember, the political class here just reports.
They're just puppets for Wall Street and the corporatists in Silicon Valley.
There are no independent thinkers up here.
They're just doing what their paymasters say.
That's why Trump shattered it.
Trump shattered it.
Trump shattered it.
And they're still going to punch back because they still have tremendous power.
They have media power.
They have cultural power.
They obviously have economic power.
They have legal.
Hey, shouldn't be launching it.
Trump's going after the law firms at the same time.
Hello? Hello?
That's all part of it.
You want to shatter the apparatus, Globus apparatus, the connective tissues, these big law firms working in conjunction with the hedge funds and the private equity.
He's hammering that.
That's why I say, if you're taking a second at Trump's time, You better be damn sure that you're maximizing the utility of it.
Because he's a busy man.
Not just on the action, but also just thinking it through.
People say he's coming out playing 5D chess and five dimension chess.
Hey, what I know is he's got a process and he thinks this thing through.
And he's immovable.
As he should be.
And this is now more than ever.
We've got this massive tax bill.
We have the judges situation.
We've got additional negotiation with the Russians and somehow to get the Ukrainians and the Russians to stand down from killing each other in Ukraine.
Oh, by the way, and he's got Netanyahu's here.
Let's be blunt.
Netanyahu's here to pitch us, you know, hey, can you just take those two carrier battle groups and turn them and just get them back over close around?
Hey, before...
Many people in this audience, before your parents were born, I was on a bridge of a destroyer as a young man in the North Arabian Sea in practice runs for what the helicopters and the heroes that were going to go into Tehran and get our 51 hostages that the Mullahs, the Persians, had taken in our embassy.
So I think the answer would be, hey, that didn't turn out that great.
And one of the reasons, besides not being particularly well thought through or well organized, That it's such a vast desert wasteland and mountainous, you know, I think it's one of the most arid nations on Earth and inhospitable.
Not saying near Tehran and near the Caspian Sea and up there is not absolutely beautiful, but man, you've got to get a long way until you get there.
So, I think the response to Bibi is to say, no, there's going to be other ways, but we're not going to do it that way.
I'm not going to do that.
You've got enough going on in Lebanon and Gaza.
Because that's the pitch.
On top of everything else Trump's got to do.
Think about what the burden on him is.
Every day.
Because he's not doing small things.
He didn't come back to do small things.
He came back to basically change the world structure and make sure that America came first in the eyes of her citizens and for the action of her citizens.
We don't need America first as far as the Russians or the Chinese go or these other nations.
They should put themselves first.
We fully understand that.
That's what we want.
In that system, it all works together.
We want people in their own self-interest for their citizens.
Their citizens should come first.
Their nation should come first.
We have no problem with that.
That's part of the Westphalian system.
We got that.
But in this nation, it's not going to be thinking about everybody else.
It's first what is the best interest of the nation and what is in the best interest of the citizens of this nation.
What's the best interest for our sovereignty?
What's the best interest for our prosperity?
What's in the best interest of the American citizen?
What's in the best interest of the prosperity and the pursuit of happiness of the American citizen?
That's never been asked by the political class.
It's always the burdens on you and they give you some happy talk and put an American flag on there and think you're supposed to buy it.
With decade after decade after decade of that and trillions of dollars and thousands of, tens of thousands of American casualties, people woke up.
And they woke up when Trump came on the scene.
Johnny Khan with this song right here, American Heart, back at the beginning of the Tea Party.
American made with American parts.
That was the theme of Trump.
We're going to bring it back home.
Not to be isolationist.
But we're not going to be suckers anymore.
We're not going to be taking advantage of it anymore.
Particularly not being taken advantage.
It's not like it's helping the masses throughout the world.
It's helping the Davos globalist elites.
The people in the city of London.
Which is their Wall Street.
The people on Wall Street.
The corporatists.
The people taking the European vacation.
The people hanging out in the south of France.
Or in the wine section of Italy.
Or in the West End of London.
Those days are over.
Trump's putting you first.
Not in the room, not in the deal.
Not only puts you in the room, he puts you at the head of the table.
unidentified
No American president has ever done that.
steve bannon ▲ ● ▼
And particularly in modern times.
That's why they hate him.
That's why they're trying to destroy him.
That's why they're trying to assassinate him.
Full stop.
They consider him a traitor to his class.
And they hate him for it.
Because they know he's making it happen and he will never back down.
Short break.
unidentified
Here's your host, Stephen K. Bann.
steve bannon ▲ ● ▼
All these reports of Stephanie Ruhle and the New Republic, all this, that, oh, Besson's so freaked out he wants to quit.
Nothing to be further from the truth.
Scott has worked, the Secretary of Treasury has worked with Peter Navarro, Lutnick, the entire team, Hassett over at NEC, the entire team, to come up with this and to work through different perturbations on what the math is.
And I believe you'll see tomorrow on the Sunday shows a quite fascinating going on offense, which they should be doing right now.
It's not a defensive play, it's an offensive play.
Because Trump is right.
And the American people back him on this.
And it's time, let's have it out now.
Let's have it out with the globalists now.
Let's have it with the Chinese Communist Party now.
The Chinese Communist Party has been sucking off American capital, American technology, and getting access, unfettered access, to the United States of America to sell their crap here through Amazon and through Walmart to the American people.
And with every benefit in the world, every advantage in the world, and that day is going to stop.
Trump defiant as Beijing's fight back deepens turmoil.
I told you this showdown was a long time coming.
And President Trump said, oh, he doesn't want to decouple, he doesn't want to decouple.
President Trump offered them in May of 2020, get the facts right and get the timeline right.
And all you airheads, all you neo-Marxist airheads, On MSNBC and at the New York Times and at CNBC, get the timeline right.
Trump fully engaged him with Lighthizer and Navarro.
I was there with Lee Hu, the smartest guy they had, and worked for two years after Gary Cohn and those guys tried their shot first.
And Trump said, we're not doing that.
We're not doing that.
He crushed that early in like April or May, early June of 2017.
He says, here's what I want.
If we're going to do it, I want them fully integrated into the world economy, but they've got to play by the rules.
And here's what the rules are going to be.
And they're just not going to be able to be financed by us and steal our technology and then rewire it and sell it back here and take all of our native industry, and Wall Street's not going to be able to do that.
The seven deadly sins, as Navarro said.
And that was in May of 19, and they rejected it.
She rejected it.
Juan Shishan rejected it.
After Juan Shishan had gone down to Singapore with Bloomberg at his conference and said, and kind of raised the flag of defiance, it was belt-bound, one belt, one road.
They thought they were going to run the tables.
They thought they were going to run us out of everywhere.
With predatory capitalism, it did not work.
It did not work.
Those projects are all half-finished, but the debt's still there.
That's why they're crushing these third world countries, the global south, and the global south is savvy enough to understand, hey, I'm not so sure I want to be there with those criminals.
They had that conference in May, and then they said, they turned to us and just said, no, no deal.
And then they declared a people's war.
She declared a people's war, and oh, lo and behold, they had the military games in August, and guess what?
People started coming down with flu-like symptoms.
Because of Wuhan, they let off They let off the start of the pandemic because they understood Trump was on a roll in 19. It would have been re-elected president with an overwhelming majority taken, had vast majorities in the House and said they had to stop it.
You can't coexist with something like that.
And this is going to break them.
And of course, remember, all of these people are in bed with them.
Wall Street's in bed with them.
The corporatists are in bed with them.
The Silicon Valley, the apartheid states in bed with them.
If you're in bed with them, you have the same guilt.
Because you know what they're doing.
You know what they're like.
They know they've turned China into a slave labor camp.
And now that's not paying off.
Trump called their bluff.
And everybody running around that's coming here, it's like in the movie The Godfather.
They tell Michael, whoever comes with you and tries to get the meeting, tries to get the meeting, That's where they're all taking the Chinese Communist Party's side.
Oh, we've got to dump the stocks.
We'll drive Trump out of here.
You're not going to drive Trump out of here.
It's not that Trump's not prepared to listen, I don't think.
He doesn't run deals like a dictator.
He understands where leverage is and maximum leverage to get what he wants for the American people.
Tasia, I need another cup of coffee already.
How do I go?
Here's what.
Don't take Tasia's word for it.
Tasia's making the coffee.
Don't take my word for it.
I'm drinking the coffee.
Take it from your posse members.
What's most amazing to me is the 8,000.
You've got 8,000 five-star reviews.
A lot of other reviews, too.
We've got 8,000 five-star reviews.
How did that come about?
tej gill ▲ ● ▼
Yeah, 8,000 five-star reviews, Steve.
They're all real reviews.
We don't pay for any of the reviews.
So after you buy from us, coffee, mug, whatever, any product, about three weeks later you'll get an email and it'll ask you to rate our coffee.
So you pick one to five stars and you can put your comments in there.
And we're pushing over 8,000 five-star reviews right now.
So that just goes to show you how much people like this coffee.
It's incredible coffee.
People love it.
And then we have a...
Insane return customer rate.
So I showed this to one of our marketing guys about a month ago and he was like, no way.
He goes, I've never seen a return rate that high.
So we have a really loyal customer base just because of the product.
We have a great product.
We're not selling garbage coffee.
We're not using Robusta beans.
It's not cheap stale coffee and we don't burn it.
So we use premium beans.
We roast it the right way.
We take our time.
We small batch roast everything.
And that's why you can drink it black.
You don't need milk or sugar.
I'm drinking black espresso right now.
And it's great.
unidentified
If you haven't tried it, you gotta try it.
steve bannon ▲ ● ▼
It's the champagne of coffees.
Where do they go right now to go read the reviews and try?
Because once you do it, this will be your coffee.
Where do they go, Tej?
tej gill ▲ ● ▼
The website is warpath.coffee and use promo code WAROOM.
That's for the War Room Posse.
And this weekend is a really good time to buy because coffee prices may go up next week because of the tariffs.
We will see, but it may.
So if you want to stock up, stock up this weekend because the prices are locked in.
So we got locked in prices and you got the War Room discount code.
Go to warpath.coffee and stock up this weekend because the prices could go up next week.
We're not sure.
We'll see.
The prices are locked in right now, so stock up.
steve bannon ▲ ● ▼
You haven't raised prices to date.
I know you'll do everything to keep the prices where they are.
I will.
tej gill ▲ ● ▼
Exactly. We took a pretty good increase earlier this year, and we held the line.
I don't know how many more increases we can take, but we're going to hold it pretty close to where the prices are right now, because I don't want to raise the prices.
What we're doing right now is working and people are buying a lot of coffee and they keep coming back for more, so we're going to try to keep everything exactly the same, but load up this weekend just in case.
steve bannon ▲ ● ▼
We'll go to the website.
First off, read the reviews.
What we want you to do is get access to your fellow compatriots.
Read those.
See what you think.
Order it.
If you order it, you try it, I guarantee you'll be going back.
The champagne and coffees.
Tej Gill!
Exactly. Another long weekend.
We'll let you get back to the roaster.
Thank you, sir.
Go back to roasting.
What I do in the morning at Field of Greens, the super food, organic super food, I take that every morning with a drink right before I start pounding down my Warpath coffee.
FieldofGreens.com.
Go check it out.
Put in Bannon.
You get a big discount.
This is not like the stuff you see advertised on the other networks.
This is 100% organic.
It's a longer process, more complicated process to make sure all the fruits and vegetables you need are in there and it's real.
Not some sort of mix that is not organic and has types of binders and things like that.
But go to the website, check it out, Field of Greens.
You want to feel better, but energy, energy, energy.
And that's what we need here in the War Room, particularly on the morning show, early in the morning.
Spencer Morrison, you've gotten to be a big name over the last couple of weeks.
We've got a couple of minutes in this block.
I'm going to hold you over.
How are we doing?
unidentified
Hey, Steve.
spencer morrison ▲ ● ▼
Thanks for having me on the program again.
I love War Room.
Love the War Room Posse.
You guys are doing God's work.
steve bannon ▲ ● ▼
Thank you, sir.
Tell us about how you think we stand right now.
President Trump's announcement.
The globalists have not liked this.
They're not fond of this.
They're not happy.
spencer morrison ▲ ● ▼
No, absolutely not.
What President Trump is doing is he's systematically dismantling this globalist system that's been instituted over the last 50 years.
We've seen the country's industry offshored.
Millions of jobs have left America.
Just think about 20 years ago, in 2001, there was over 17.5 million people employed in manufacturing.
By 2020, that number had reduced by 5 million.
And on top of those 5 million manufacturing jobs that were lost, there was all those other jobs that were supported by them, right?
Because manufacturing is sort of like mining or farming.
Communities spring up around these farms, right?
I mean, all of Michigan, Dearborn, Michigan.
steve bannon ▲ ● ▼
But hang on, are you and Trump just fantasists in Navarro?
Are you just fantasists looking for a time that we can't get back to?
spencer morrison ▲ ● ▼
Absolutely not.
I mean, the evidence is already here.
This is working.
There's trillions of dollars of new investments that have been announced.
If you go on the White House's Twitter page, The president is posting all of the investments that are being pledged.
And there's trillions of them.
I think we're over five trillion now.
And these are new investments, capital investments that are going to help America accumulate capital.
steve bannon ▲ ● ▼
I want to bifurcate this, and I think this is very important.
I'm not a huge fan of foreign capital, just foreign capital.
I just don't.
It's not my shtick.
They come here.
If you bifurcate the sovereign wealth funds and the hedge funds and the masasans, that's one thing.
But we're pretty definitively over a trillion dollars in the first 70 days of major corporations that are going to bring plant and equipment and jobs and production lines and that all-important ecosystem around them of supply chains and others.
That's not easy.
It doesn't happen with a snap.
But hey, you couldn't continue on where we were going.
Our people are paupers.
The working class in this country, the bottom 50% are paupers.
unidentified
You can't have a nation like that.
steve bannon ▲ ● ▼
Certainly not a republic, a constitutional republic like the United States of America.
unidentified
Short break.
steve bannon ▲ ● ▼
So Spencer, they're trying to get Trump to break right here.
You've seen his plan, and he's dug in right now.
No negotiations, although I've even been an advocate.
Particularly the way the calculation went, there are people that say, hey, we understood you took the trade deficit.
There's a mathematical formula in the back of it that Commerce and your trade in NEC worked on.
They may have observations.
I think you all should be ready to listen to people, particularly since they are going to be trading partners.
I think that they're getting stacked up like planes over LaGuardia.
They actually either want to meet or have a discussion right away, which I think is the purpose of the trauma that he elicited, and to have the gap between the time he delivered the blow and the time when it kicks in, the reciprocity.
The other tariffs are kicking in right now, and the Chinese are livid.
Spencer, what would be your advice to the president of the United States, sir?
spencer morrison ▲ ● ▼
you're Well, I think President Trump needs to hold the line on this issue.
I think no matter what happens, the tariffs need to remain in place and they need to be fairly high.
And the reason for that is because, you know, we have 50 years of offshoring to reverse.
You know, it's done tremendous damage to this country.
And the tariffs are going to help America in really just two ways.
Because they're reciprocal.
If foreign countries take President Trump up on his offer and they reduce their average tariff rates, that's going to open up new markets for American goods.
Last year, 2024, America exported about $3.2 trillion worth of goods and services.
And that's in spite of all these massive tariffs and non-monetary barriers to entry.
If these other countries, if even half of them take President Trump up on his offer and they lower their tariffs, that's going to generate a huge market for American exports.
If we did it by 50%, we can expect exports to increase by maybe...
$1.6 trillion.
And that's going to support another 4 million jobs.
steve bannon ▲ ● ▼
Yeah, this is...
Look, you're either going to get it in tariff revenue coming in because you're charging for a premium market, or by opening up new markets, having production here, you'll have a higher growth rate on GDP, your corporations will pay higher taxes, even with the structure they've got, and citizens.
Because they're making more.
There's a very solid thought through industrial logic to what he's doing here.
The logic that the opposition gives is that, oh, well, we can all make it up with service jobs.
That's just not the case.
And service jobs don't really have sustainable competitive advantage.
They just don't.
People are going to throw capital at things.
The service industry does not have sustainable competitive advantage.
Manufacturing does, with your manufacturing processes and techniques.
Go ahead, sir.
spencer morrison ▲ ● ▼
I was going to say, it's not just that.
The service industry, this goes back to Adam Smith's Wealth of Nations.
He wrote it in 1776.
And one of the core tenets for Adam Smith was, how do countries get rich?
Well, they get rich by accumulating capital.
Accumulating capital, paving new roads, building new ports and factories.
And the service industry doesn't support that because it doesn't support diversified supply chains.
And it doesn't support a large, well-educated and highly skilled workforce.
Manufacturing does all of those things because if you're making physical products, you have to move those products around.
So if you're investing in factories, you're going to also be investing in ports and roads and railroads.
And airports.
And then all of the machinery that it takes to transport these products.
Services is not like that.
I mean, you look at the sort of the spin-off wealth that comes from manufacturing, and you compare that to Silicon Valley.
I mean, you can run a billion-dollar services industry from Silicon Valley with 70 people.
You can't do that with manufacturing.
With manufacturing, you're supporting about 10,000 jobs.
For every billion dollars worth of investment, right?
So there's a huge multiplier.
steve bannon ▲ ● ▼
There's a job multiplier for manufacturing.
That's where all these social media companies don't employ anybody.
By the way, on the situation with China, you would agree, Spencer, the center of gravity of this is the American relationship and response to the tariffs with China and the Chinese Communist Party?
spencer morrison ▲ ● ▼
Well, China's at the epicenter of all of this.
And the reason for that is because China is the number one country that's preying upon America's markets.
And they've been doing that, you know, since the 1980s when they received most favored nation status, but really since 2001 when they joined the World Trade Organization.
I mean, millions and millions of jobs have been lost to China.
And that nation has completely industrialized on the back of American investment.
But it's not just that because, you know, we talked about this over liberation.
In President Trump's first term, there was a report that was done.
So what these Chinese do, they're buying up ownership of American tech companies, and then they're stealing the technology.
In President Trump's first term, there was a report that was done.
And they were estimating that up to $600 billion of intellectual property was being stolen from America every year.
I mean, you add that on top of the trade deficit, I mean, this country is foregoing almost $2 trillion every year in lost productivity.
steve bannon ▲ ● ▼
If you take the debt at $37 trillion, you take the deficit at $2 trillion a year, Which is where we are, unless you change things.
If you take the aggregate trade deficit of 25 trillion, and 18 of that trillion has come since China, since 2001, since China's fully been in most favored nation and World Trade Organization.
And if you add on top of it what Spencer brings up, it's estimated by U.S. government estimates that $600 billion a year of intellectual property, because they don't think of anything, they've got to steal it and copy it.
Okay? If you think about that, you add that, that's another, you know, people saying that's another $25 trillion, $30 trillion of stolen intellectual property.
And every company that goes over there and wants to get access to this market has to do a JV only through joint ventures.
And in joint ventures, part of the rule is you've got to give up the IP.
So if you add the $37 trillion in debt, which is the flip side of the $25 trillion trade deficit, you add on top of another $25 or $30...
I don't fault the Chinese Communist Party for doing it.
What President Trump said, you had a bunch of easy marks here in the United States that made money off it.
This is why it's different in the Thucydides trap.
The elites in this country sold this country out, full stop.
The reason they're so traumatized, they're on TV screaming and yelling, and the polls show the American people have Trump's back.
It's because the American people understand in their hearts, they know that the elites in this country of both parties, and particularly Wall Street, the big corporations, and Silicon Valley, have sold them out.
And the Republicans' knee-jerk reaction, the old thing was, oh, well, the big business is okay.
During the pandemic in DEI, you saw the face of it, the fangs of that, because they're the most progressive institutions in the country.
Because they are run.
By the people that have the least morals in the country.
That trifecta, including their political puppets, half of whom are on the payroll of some sort of Chinese Communist Party front group, as Natalie Winters has shown you time and time and time again, is the reason the country's in this fix.
It took a Trump to walk into the Rose Garden and drop the hammer on the system.
And it took the Financial Times finally to wake up.
Yes, Trump is defiant.
As Beijing fights back, we got that.
It deepens in turmoil, we got that too.
You're just not going to sit there and go, hey, all that money, all the trillions of dollars that went to Beijing by Wall Street of your pension money, this is why it's a Greek tragedy.
Your greatest strength has been turned to be the thing that threatens you the most.
Your... Your stick-to-it-ness, your ability to pay taxes, your being a good householder, is what they call it, right?
To husband your resources, to have a little something to put into a 401k plan, or to have a pension, or to be a teacher or fireman that you've got the state pension funds.
All that was used to ship the jobs overseas.
Your money.
Your money.
I want to rub your nose in it.
I want to take that scar and rub salt in it.
Because that's the great awakening we need now.
You've had a political great awakening.
Have an economic great awakening.
What did Trump call it this morning?
On the 5th of April, in the year of our Lord, 2025, I think at 8.34 a.m. Eastern Daylight Time, on True Social, he called it an economic revolution.
An economic revolution, all caps.
It is.
This is every bit as profound, and this is why he's the Washington at the beginning, and the revolution, and the birth, and the beginning of the nation.
Lincoln at the rebirth of the nation, after a brutal civil war, one of the most brutal civil wars ever fought in one country.
And Trump at returning the nation Sovereignty to herself and to the citizens of this nation.
To make America great again and to break the globalists that have stolen this country in broad daylight.
In broad daylight.
And you don't think it's going to be a fight?
You know it's going to be a fight.
You've been with Trump for a while.
You know it's going to be a fight.
And there's certain fights worth having.
And that's where we are right now.
This is a testing.
This will be a time of testing.
And I'm not saying using the negotiating strategy or the...
I know he's not going to negotiate, but hearing and framing this and setting the process going at the same time you're doing a rapprochement with Russia to get the geopolitics of the Eurasian landmass right and to take Ukraine off the table, the blood and the horror of Ukraine, to put an end to that, to put an end to this situation in the Middle East.
Particularly this Persians and the nuclear weapons, to put that to bed.
At the same time, he's going after the administrative and deep state in our own nation that has controlled this nation and been the apparatus, the apparatus that allowed the globalists on Wall Street and the corporatists in the apartheid state of Silicon Valley to control you through that administrative and deep state and to link that to the city of London and to Davos and to Brussels and the capitals of this world.
Away from you?
Those three things going on simultaneously?
That's a fight worth having.
Hey, he's just the guy to have it.
He didn't come back to do small things.
He didn't, when he was in Mar-a-Lago in 21, in those first couple of months, understanding They would try to imprison him and have him die in prison.
They would try to assassinate him.
They would try to bankrupt him.
They would try to destroy his name and his character and his reputation for all history and his family and his associates and his movement.
He consciously made the decision to come back.
He didn't sleepwalk into this.
He consciously understood what was before him.
And he also understood that he was going to get to Liberation Day.
Liberation Day There could not be a more important political time in the history of this republic than right now.
We are so far removed and off and away from the revolutionary generation, the founders of this nation, and that's what he's restoring us to, to a constitutional republic.
And isn't it ironic?
Doesn't Divine Providence work in mysterious ways that would, what, a week, ten days, two weeks away from Lexington and Concord, the shot heard around the world?
Well, hey, he gave a new shot heard around the world from the Rose Garden on Wednesday.
Short commercial break.
We're going to return in a moment.
unidentified
We're going to return in a moment.
Here's your host, Stephen K. Bann.
steve bannon ▲ ● ▼
You know, last night on MSNBC, I think Stephanie Rowe, they did have a fascinating discussion about China and what they got and how tough this could be.
One thing, and that's the headline, once again, in the Financial Times of London, because this is the center of gravity of this.
Everything can fall together.
This is the main event.
As Captain Finnell says, the main thing.
They did talk about generic drugs and active pharmaceutical ingredients, API.
Make sure you go to Jace Medical today.
Go to the website, spend time there, find out about how they've locked in the supply chains for generic drugs and active pharmaceutical ingredients, 100% of that.
spend time, if you have to, actually make contact, ZZ make contact with Dr.
Sean and his team there, find out about it.
But you definitely want to get ahead of the curve on this because you have no, no way we can tell which way this Chinese, they got a fleet right now off of, off of Taiwan trying to send the message that the Seventh Fleet can't defend them.
They just had a coup in, in South Korea and they've at least kicked out the, We're going to have more of that.
People from Korea had a great Kim yesterday.
It was fantastic.
Great interview.
More of that.
Make sure you go to jacemedical.com.
Also, taxes, the Ides of April upon us.
I think tax is going to be paid on the 17th now because I think the 15th is Saturday.
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Spencer, how do people get to the book?
How do they get to your writings?
You're going to be making a lot more public appearances.
We'll notify people about that later.
unidentified
Where do people go, sir?
spencer morrison ▲ ● ▼
Yeah, but you can follow me on...
I'd appreciate every follower I get on X. It's RealSBMorrison.
I've just linked to my latest article.
I go into more detail about what we were talking about today, about how the tariffs are going to create jobs.
Both by expanding U.S. export markets and then also reshoring jobs.
And then the book's available on Amazon.
Right now we're doing 25% off the book to celebrate Liberation Day and to match the auto tariffs.
So there you go.
steve bannon ▲ ● ▼
Fantastic. By the way, the auto tariff is going to bring a massive amount of money in and also massive amounts of jobs.
You've got to stop just assembling them here.
Ford Motor Company, you've got to make it here.
The high-value added parts, too.
Trump ain't messing around.
So, I'll be up on Getter all week, and I'll be putting up information.
If something breaks between now and Monday, maybe even Sunday night, I might come on live, but we'll talk to Grace about that on the Getter social platform.
If you guys can, this is totally free.
Go to Apple Podcasts, download the podcast, totally free, and give us a review.
The best way to kind of say, hey, here's what I think about the show, here's what I think of the direction you're going, give us a detailed review.
Do it now.
You can do it by downloading the podcast and give us a review.
We're always looking for feedback from the live chat, from everybody to make sure that we sharpen the message here and that we got the information that you guys want and need.
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Mike Lindell, Mike, you're a good example.
You were hit by hard tariffs.
This is one of the things about reciprocity.
It's kind of shocked people, some of the tariffs.
And by the way, that isn't the raw number of tariffs.
It also throws in the non-tariff barriers.
They really took the deficit as an issue and then worked their way back because the non-tariff barriers are sometimes worse than the tariffs and blocking American companies from exporting goods.
You've got a story there too, don't you, sir?
mike lindell ▲ ● ▼
Absolutely. When we export, all of our exports, including Canada, Trudeau put a 25% tariff on my pillow products and bedding products coming into Canada.
So I had to build a plant up there.
They said, okay, build a plant.
We won't tariff you.
We won't put a tariff on it anymore.
We did that.
And then, of course, what they did to my pillow, they canceled us.
The shopping networks up there and all over Canada, as soon as I started speaking out about a lot of things here in the US, including our election platform.
So that was all part of the big cancellation.
But right now, Canada kept those, all the bedding products going into Canada, mattresses, everything, have had this tariff on it.
Our president now trying to get everything on a level playing field.
I'm all for it, Steve, even though my pillow's been through this over and over again.
Yeah, I think anything that could happen to a company has happened.
And which brings up our special today, everybody, for the War Room Posse.
We got in all of these kitchen, we have over 250 products.
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You guys check out all these products.
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You have the crosses for 30% off.
The most requested product I've ever had.
Where everyone said, Mike, I want the cross like you have.
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And that's what we got, finally.
Beautiful crosses.
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What a concept.
steve bannon ▲ ● ▼
United States of America.
American made with American parts.
Brother, thank you so much.
Mike Lindell.
I'll be up on Getter all day today and tomorrow.
Make sure you check it out.
Grace will be up on Twitter putting information out.
The Color Revolution is supposed to come to D.C. later in the day.
We'll be covering that.
We'll see you back here 10 a.m. Eastern Daylight Time Monday morning.
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