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April 16, 2025 - Bannon's War Room
48:47
Episode 4416: Engaging In Economic War With The CCP; No More Tax Breaks To Sell Out Our Country
Participants
Main voices
s
steve bannon
35:00
Appearances
l
larry kudlow
01:12
Clips
j
jake tapper
00:08
m
mika brzezinski
00:10
| Copy link to current segment

Speaker Time Text
unidentified
Harvard University, the oldest, most prominent university in the country.
What's your take on this?
Yeah, I mean, it's a pretty serious threat and it shows how vindictive Donald Trump can be when someone stands up to him.
But, you know, I've been on the phone all day with people at Harvard and they're feeling like somebody had to do this.
I mean, you know, the Trump administration was...
Cracking down on law firms across the country, was cracking down on institutions of higher learning, was going after the media.
And a lot of these law firms and colleges were settling and agreeing to the Trump administration's terms and making payments to him and so forth.
And they really feel like somebody had to fight and somebody had to say, no, we're not going to take this.
And if that means they take a, you know, several billion dollar hit, well, maybe they're the one institution that's rich enough and powerful enough that can stand up for themselves and in doing so inspire others to do so.
So, yes, there's a serious threat against them, and they're putting a lot on the line by fighting, but they feel they're inspiring others to do the same.
From ordinary Americans, suggest to me that they have a...
Keen understanding that when you start violating due process for any human beings, even if they are not a citizen, that threatens all of us.
That threatens the entire system.
And I'm encouraged by that as well.
But Kilmar Garcia, I hope that Trump has miscalculated.
And to your point, Mika, there's some evidence that maybe he has.
What concerns me even more, though, is if this is not a constitutional crisis, what does a constitutional crisis then look like?
And is this a test case, a trial run for the Trump administration to try and do this with a U.S. citizen, to try and defy Supreme Court orders on Social Security, on Doge, on any manner of other issues that are at the heart of...
our democracy for ordinary Americans.
And so if the system cannot hold now for Kilmar Garcia, will it hold for the rest of us?
And that is that
In so doing, it is continuing to press this argument that should terrify everyone, which is that the government can abduct any person off the street.
And as long as it ships them to a foreign prison fast enough, then there is nothing that federal courts can do to bring them back.
That argument does not end with non-citizens or undocumented people or even green card holders.
That argument would extend to natural-born American citizens, and it would mean that the government could take you, throw you into a foreign prison, and then disclaim all responsibility over bringing you back, even if it did so by mistake, because it doesn't want to ask and it doesn't have any obligation to.
That is something that should chill everybody to the bone, I think it really represents the end of due process in this country.
larry kudlow ▲ ● ▼
In my day, in my experience, it's been a couple of years in this game, in and out of government.
I thought it was the Republicans that wanted lower taxes and the Democrats that wanted higher taxes, although I guess that's not always true.
I thought the Republicans wanted to reward success, not punishing it.
This loose talk about another new bracket for millionaires, I don't think it's a crime to be a millionaire, by the way.
Small businesses would pay this top bracket.
I do not understand this.
I can't believe Mr. Trump's going to go along with this.
He campaigned on extending his tax cuts, adding some great middle-class tax cuts on tips and overtime and seniors.
That's all good.
Lowering the corporate rate if it's made in America to 15%.
That's a great inducement for people to onshore.
That's what he wants.
Why would he want to penalize successful investors, successful people who are helping to onshore, and successful small businesses that strike it hot?
I don't understand and I can't believe what I'm hearing.
It's giving me a headache.
Tax day should be tax cut day.
unidentified
A surprising shift for the Republican Party.
Some lawmakers are actively discussing the possibility...
Of raising taxes on the wealthy to help fund their agenda.
mika brzezinski ▲ ● ▼
NBC News reports raising taxes on billionaires, a distinctly progressive policy, has been gaining some momentum among conservatives on Capitol Hill.
unidentified
But there's still a sizable wing of the Republican Party staunchly against the proposal.
Let's bring in one of the reporters behind that report, NBC News, senior national political reporter Sahil Kapoor.
Sahil, what are you hearing on the Hill?
Hey, Mika.
Well, this really feels like a hell-freezing-over moment.
Republicans are actually talking about accepting a tax hike on the rich.
Senior GOP lawmakers tell me they're debating whether to let the tax rate on the highest earners go up from 37% to 39.6% when the Trump tax cuts of 2017 expire at the end of this year.
Now, this idea would have been unthinkable over the last two generations in a party that has been deeply devoted to lower taxes, including on the most wealthy Americans, or as they call them, job creators.
Senator Mike Crapo, the chairman of the Tax Writing Finance Committee, told me he's listening to his colleagues on this one and kept the door open.
Senator Kevin Kramer said it's come up in private meetings as well.
He said, quote, it's just so fun to be a Republican these days just to watch the transformation where suddenly people are going, why do we worry so much about that?
That being higher taxes on the rich.
He went on to say there's a populism growing in the party even among those of us with powdered wigs, unquote.
So what's driving this?
Two things specifically.
First, Republicans are struggling to find ways to pay for the multi-trillion dollar cost of this bill.
Higher taxes on the wealthy would help with that.
And second, the party's coalition is evolving, becoming less affluent, more working class, leading some to wonder whether they need to rethink their priorities.
Steve Bannon, the former Trump official turned MAGA activist, told my co-author for the story, Peter Nicholas, that Speaker Mike Johnson needs to focus on actually cutting spending dramatically and raising taxes on the wealthy.
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 ▲ ● ▼
You've just not 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've tried 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. Band.
you you
steve bannon ▲ ● ▼
It's Wednesday, 16 April, in the year of earlier, 2025, so multiple fronts on the war against President Trump's second term and what he's doing.
You see that strategically what the Democrats are doing is they're focused on where they think they have traction, and that is in the courts and continue to come after President Trump in the courts and now this kind of constitutional crisis.
Where you send these terrorists, this group has been designated a terrorist group, and you send these people down to Central America.
In fact, this guy's in El Salvador, and you send them to a prison, and this is all the Democratic Party, all day long, is making a huge deal about.
Fine. Make your deal.
Make a big deal about that.
Focus on that.
We want you to focus on that.
If that's the constitutional crisis you want, hey, you got it.
Go ahead, focus on that.
That's a 90-10 issue of the American people.
And all this yammering and yammering and yammering about these very dangerous criminals that have terrorized American citizens, working class Hispanics and particularly working class African Americans that have terrorized them, being shipped out of the country because they're illegal aliens,
invaders. And you're getting in the middle of President Trump's constitutional mandate in Article 2 of being commander-in-chief.
This is back to the unitary executive theory.
Or, as the Warren Posse informs me all the time, it is just as Article 2 powers.
So that's their play.
The bigger and the more profound...
Because that's just yammering at Trump's heels.
And they have 150 suits today.
Now they're suing about his tariffs, his economic repositioning of the commercial relationships of the United States to the world.
You've got Gavin Newsom, who is running in 2028.
Gavin Newsom is now suing the president from the state of California as the governor coming against the tariffs, right?
And this is why we have to get messaging sharper.
There's a great tweet out today from Walter Bloomberg that talks about some messaging that happened this morning that was quite off message where we put out that the Chinese...
Do we have the Walter Bloomberg?
Can we put that up in Denver?
Because I don't have it in front of me.
We're dealing with so much stuff now.
Is that you have...
They said up to 245% tariffs.
Well, that was adding...
You know, the 145 and, you know, what's already there for the 20 and it's very confusing.
I think the White House had to be very specific and should be putting out talking points every day and the bar and these guys have to come out because right now this is not about tariffs and not about trade.
It's much deeper.
This is, we're engaged in now economic war with the Chinese Communist Party.
This is, Captain Fennell says, keep the main thing, the main thing.
This is the main thing.
There's so much else happening, and we'll make sure that you understand it, like going after the universities, these woke universities, and cutting off your money.
One of the central parts of all of that, whether it's the law firms, universities, it's all related to your money.
They only survive if they're feeding at the trough of government spending.
This is the power President Trump has, is to cut off the spending.
That's where we're even having this debate.
This is also the debate.
We're having about the economic war we're in with China.
This is about what your government's been doing and how it's been exposing American workers in this country.
And President Trump is now finally standing up for this.
It is, as we came on today, gold is at $3,320.
Yes, I said $3,320.
That's $3,320.
You go, no, no, no, Steve, that must be wrong.
You mean 3,200.
No, I do not mean 3,200.
I mean 3,300.
We also tell you it's not the price of gold, it's the process.
People are heading to gold because they see that this conflict, and they see it's going up the escalatory ladder.
I think it's safe to say now, I don't think I overstate the case, that there's kind of an embargo on both sides.
We're now at the stage of the trade war.
You have to see clear here.
Through the fog of war, you have to understand exactly where we are.
I think we're close to the embargo phase between both nations.
And it almost has to get to this in a throwdown to understand that we're both sides stand on this.
This fight had to come.
We've been arguing about this for years and years and years.
The Chinese Communist Party, financed by Wall Street, financed by the corporations, financed by Silicon Valley, has grown in such power and taken so many jobs and so much of our basic supply chain and control, they have strategic stranglehold on the United States.
What do you mean by that, Steve?
Well, rare earths, which I say is just dirt, because it is just dirt, but it's the processing of it.
It's quite, what did I say, filthy, dirty.
That's why it's not done in the United States.
We have rare earths.
There's rare earths all over the world.
They process it because they don't care about the environment.
Magnets, which we've allowed strategically to make the magnets.
Ball bearings.
The ball bearings.
They are imposing now restrictions also on just other things as we put these tariffs up.
We are countering at the same time.
NVIDIA, and this is where I think my strongest recommendation to the White House We should get ahead of these things.
NVIDIA announces in basically a press release that there have been new licensing requirements put in by the U.S. government.
We already block, I think it's the NVIDIA 100 chip.
The highest, most powerful chip they have has been restricted in selling to China.
They did DeepSeek, I think, off the 20. So China needs that as much as they need oxygen.
There's an announcement last night and a big impact into the stock market and a fleeing to gold as a safe haven that we are putting new licensing requirements that we did not delineate of what they are to restrict the sale of that chip to China,
the Chinese Communist Party and their companies.
That would essentially choke down their ability to further Where they're heading on their AI dominance.
This is not a small thing.
This is, I think, the equivalent, if the license, we don't know the details, but if it's as hard as it sounds like, it could be the equivalent of cutting Japan off from oil in August of 1941.
I'll go into more detail as we walk through the entire economic war between the Chinese Communist Party and the United States of America next.
unidentified
I got American faith in America's heart.
Did you see the China breakdown on the page 7 of their deck?
27% went to China.
It used to be 41%.
What is it?
Maybe it goes down to 10. Maybe way lean on them again.
ASML, a Dutch company, but obviously it's the lithography that is so important in terms of being able to hatch these chips.
You know, talking about it at a microscopic level.
Right. And it is originally U.S. technology from way back.
So we do still have some level of elements of control over who they can and can't sell to, I believe, right?
Yes. Look, I think that...
But again, I come back to the idea that someone could look at this in the government and say, wait a second, what is this?
It's 27% China.
Well, here's what I'm doing to that.
Yeah, and by the way, it's not clear that the Chinese are not developing their own.
They are developing their own chip-making.
Yes, but they are developing their own chip-making ability.
Given their cyber-espionage capability, it's always unclear exactly how much they've stolen.
I know.
Did they read Death by China?
They're very good at that.
You were mentioning this this morning.
The book had the biggest influence on your life.
In 2011, I got Death by China.
Will you stop?
And the book is about Navarro, and it's basically about World War III.
He doesn't mention that.
I'm adding that.
Graham Allison talks about World War III.
He's one of my professors.
So, hey, listen up.
It's not even in stock right now, but Death by China just talks about their grand plan to take us over.
And when you go back and read it, it's more cogent than you thought.
It's like Ghost Ship, which is one that Mark Benioff gave me, about how our Navy eventually is going to be made of all Chinese ships, and we go to use it against the Chinese, and nothing happens.
Right, well, there are areas that we absolutely need to build up in our country.
Well, in 2020, I'm saying that shipbuilding, building of drones, things of that nature.
I know.
Is this the book, is this where Ron Vera shows up?
There's some aspects of Peter that I find frustrating.
But you know what?
Go back and read Hamilton.
Hamilton used to make up news.
You'll see what I can do to him.
I don't agree with Mr. 47,000 children that you should have called.
steve bannon ▲ ● ▼
You see there, that is the premier business channel.
In the United States, although Bloomberg's the real business channel, that's CNBC.
Right there, in the middle of one of the most profound events in modern American history, because folks, we're in it now.
They're talking like, you wouldn't even say that's a college bull session.
That's like children.
Death by China.
Why is Peter Navarro so prominent?
Why is Peter Navarro the co-host of the show?
Why have we had Peter Navarro on here?
Every couple of days for four years, our co-host.
Death by China is actually a roadmap.
It's a very serious book by a very serious person.
The people you saw right there are not serious.
This is the problem I have with the elites in this country.
Two problems.
Number one, they've put money in front of their nation, ahead of duty.
To their country and duty to their fellow citizens.
And understand libertarians, oh, it's just to yourself.
This is what you end up with.
The elites in this country are corrupt from top to bottom.
They have sold out their nation for money.
The lords of easy money on Wall Street, the heads in the giant corporatists, and you saw this during the DEI, when they thought they had the power to crush the MAGA movement, to crush Trump, to crush traditional American values.
You saw it.
This is what they've done also with China in business with them.
And Silicon Valley, Sequoia Capital, and the psychopathic nerds that run the apartheid state.
That's what Trump's up against.
That's what you're up against.
Let's make sure we understand exactly what this is about.
It maybe wouldn't even be as bad, but the lack of maturity.
The lack of the understanding of the moment and how we got here and how important this is.
And right there, back and forth, just like on one of the most important days, when you know now there is a methodology to go up the escalatory ladder.
Take your number two pencil out and write that phrase down.
Escalatory ladder.
Because we're going up it.
And I'm all for it, but if you want to climb off, you've got to have a discussion.
And President, she is not going to pick the phone up and call you and say, hey, let's get together for a cup of tea.
You have a diet soda, I'll have a cup of tea, and we'll sit down and figure this thing out.
He's not going to do that.
I don't think.
I'd be stunned, because I'm not so sure he'd be around if he did do that.
It has to come some other way.
Maybe it can come some other way, but we're heading down now.
When they're cutting us off, and people have to understand, I believe we're a total embargo.
To make it even a better embargo, and let's expand this out strategically to the Persians, I don't understand why we're even discussing things where we're reviewing what they do.
The program, without a military strike, and you do not need a military strike, and people using loose talk about a military strike, and B.B. Kimmel over here instead of pushing people to a military strike, we're not going to have a military strike.
We don't need to.
We can economically isolate and bring to their knees these crazy mullahs that are run in Persia.
The simple way to do it and get the attention of both is they ship 2 million barrels, not 1.6, they ship 2 million barrels of oil per day to the Chinese Communist Party to fuel the Chinese Communist Party.
Their biggest, most important deal is with Persia.
That oil comes out of the Persian Gulf through the Straits of Hormuz.
As a young man, I was on those battle groups outside of that in the North Arabian Sea.
They can be quickly turned around and said, you're going back to Persia.
You're not going to go across the Indian Ocean, past Diego Garcia, through the Straits of Malacca, through the South China Sea, up to China, and deliver your oil.
We're not going to do that.
We're not playing that game.
And you're going to dismantle, and we're going to dismantle it with you, your nuclear program.
All of it.
One thing on the military side, people don't understand, a military strike in there is not clean.
It's not a military strike without even infantry or ground forces.
It would be horrific.
It would draw us into the biggest war in the Middle East.
It would overwhelm what happened in Iraq and overwhelm what happened in Afghanistan.
You'd be in a good old ground war, a real ground war, not a three-week run-up to Baghdad.
That can't happen.
It doesn't need to happen.
As soon as we get focused on what we need to do here.
We are now engaged fully in an economic war with the Chinese Communist Party, which has been brewing for many, many years, and they've been at war with us.
And now you see, you wake up, what we've been preaching on the show for year after year after year is look at the strategic high ground they have because American industry allowed it.
There are three deficits to keep in mind.
The $2 trillion every year we're running here, right?
$2 trillion immediately goes up onto your national debt and you have to continue to pay for it because you're never going to pay back a penny of the face amount of the debt.
Not currently how we're structured.
It's also the $25 trillion trade deficit.
That means money we've sent to China, 18 trillion of it, dealing directly with the Chinese Communist Party.
We've sent $18 trillion to them to build their economy in buying finished product.
And that's the net, that's the trade deficit.
That takes all the sorghum and soybeans because we're like a colony.
We're just a colony.
We send them raw materials and agricultural products and maybe some finished goods like the advanced chip design.
But the one, don't miss, and they say at the end, oh, cyber espionage, cyber espionage.
They've stolen $30 trillion.
They've stolen or we've given them $30 trillion of intellectual property.
They are nothing as an industrial power, nothing.
If we had not willingly either looked the other way, they're stealing it, and look at, just Google and read all the news accounts.
Companies would say, well, I couldn't say anything because we would be banned forever and our government wouldn't back us up.
So all the university research that you paid for, all the small companies that your pension funds, Your pension money in venture capital, private equity, and in money markets that got these companies capital, got them and let them thrive.
American companies, not Chinese companies, American companies, let them thrive.
The intellectual property was stolen.
To do a deal in China, you had to agree to do a joint venture where you would put your intellectual property in it to get access to that market.
And the elites in the United States stood by and let that happen.
You want to know why we're in a jam now and all of a sudden you got magnets and ball bearings and guess what?
Jace Medical, you got the active pharmaceutical ingredients and all the generics and now the Chinese are saying every day may cut off pharmaceuticals.
How many years have we warned you about that?
These people play for keeps.
They play smash mouth.
China's been around for what, 10,000 years?
This is just another...
Dynasty. Xi's nothing but another emperor.
He's not elected by anybody.
Doesn't have any popular support beneath it.
They live in fear.
Like they live in fear of the emperors.
And the emperors had just as terrible, you know, they don't care how many Chinese people, how many Lao Bai Jing were killed or murdered in their reigns.
Not relevant.
We're in it now.
But we have to understand exactly where we're in it, and it's incumbent upon the administration, I think, to basically delineate exactly where we stand in this thing.
And what is the bid and the ask?
Because we're going up the escalatory ladder, of which I agree with, but I think that needs to be defined so the American people say, I got this.
I understand it.
I understand what this fight's about.
This is about bringing back jobs.
It's also about bringing back high-value-added manufacturing jobs.
It's also about having the elites stop selling out this country.
That's the elites that want all the tax breaks.
We're going to get to this when I get back.
This is all inextricably linked, as it should be.
And yes, Speaker Johnson, you should be thinking about Cutting the vast spending that is out of control.
How out of control is it?
In the first six months, the deficit is $1.3 trillion.
And Johnson, you pushed doing the PRNCR.
Okay, we're here.
I am projecting, and we have not been wrong on a number in four years, that the deficit this year will be $2.5 trillion, not $2 trillion.
unidentified
We're going to blow through that.
steve bannon ▲ ● ▼
Short break.
unidentified
Short break.
steve bannon ▲ ● ▼
The trade deficit, because you're going to hear from the elites, oh, it's just an accounting thing, don't worry about it.
No. That's a total lie.
As Lou Dobbs told you, President Trump believes it's not.
It shows you how deep the problem is.
That we're a colony of the Chinese Communist Party, an economic colony.
That trade deficit of the 25 trillion, right?
And let's just take the 18 that's assigned to China.
Added to the 25 or 30, because it's $600 billion a year.
That's the best estimate we have.
$600 billion a year of stolen intellectual property that you paid for either through taxes to universities and /or to companies.
Essentially given.
And what they call cyber espionage.
It's not so much espionage.
Some of it was stolen industrial espionage, some stole it, but a lot of it was just given.
Because the rules were you had to turn over your intellectual property to get access to the market in China and people were fine with it.
The elites were fine with that because they're going to make more money in China than they were here.
The colony.
You add those two together, that's one of the reasons you have the budget deficit.
Why? Because you're not having high value added jobs so you don't generate enough tax revenue.
People don't have better-paying jobs, so they don't get better pay.
They can't pay more taxes.
And in addition, guess what?
The company's not paying health care.
They're not doing this.
That's why Medicaid's such a big deal.
And today you have 24, I think, congressmen have told Johnson, Republicans, that we just can't go in with a meat ax and cut Medicaid.
You've got to be very smart about this.
Why? As I've been saying for a long time, just look at it.
There's a ton of MAGA.
Of working class folks, Hispanic, black and whites, that are on Medicaid.
That are working.
Not sitting there gaming the system.
Not asking for a handout.
Why? Because the jobs don't pay enough.
Why don't the jobs not pay enough?
Oh, let me go back to the trade deficit.
The reason this has happened is not astrophysics and it's not a natural law of the universe, a property.
It's not the second law of thermodynamics that made this, like, had to happen.
If you listen to Paul Ryan, if you listen to all these Republicans for years who were controlled opposition, who made money and got us in this situation because they didn't stop the oligarchs and the elites from doing this and they were an active party to it.
You would think it's just a natural property.
This is the free trade.
This is how it works.
No, it's a mercantilist system.
It's what Adam Smith actually warned us about.
It's what the Patriots, we're leading up, what is Saturday?
Saturday is the 250th.
What, a quarter of a millennia?
250th anniversary of our Patriots have finally had a belly full of it, the handful of them.
Against an empire.
And what was that empire against?
A worthless landed aristocracy that had corrupted commons.
Just like the House of Representatives and Congress has corrupted.
They bought and paid for them.
So it wasn't what Englishmen had fought for.
Oh, in addition, the Crown was able to give monopolistic power to things like the British East India Company.
The ship that was in Boston Harbor that had the T thrown off it was the East India Company.
It had a monopoly.
And guess who are the leaders of that to get it rolling?
Oh, John Hancock and Sam Adams.
A couple of freebooters.
Heretofore may be referred to as smugglers who want to go around the system, not want to pay the tariff.
Put in because of monopolistic power.
That's our heritage.
What do you think got them fired up at Lexington Common?
What do you think got him fired up?
In the Bridge at Concord, where Emerson came back 100 years later and wrote that magnificent poem about what they stood for, that resonates down through every page's grave to modern time itself.
That's what this fight's about.
It's the same fight.
The little guy getting crushed, but it's all on the little guy.
Remember, it's all on your shoulders.
It can stop.
At the moment you say it's going to stop, you have the power.
Don't let them tell you you don't have the power.
You have the power.
They don't have the power.
They've convinced you, they've put you to sleep, that you don't have the power.
That this is the second law of thermodynamics.
This is just the way the world's got to be.
This economic organization.
That you live like a pauper.
That you're constantly concerned about your taxes.
Can you pay them?
Are you constantly concerned about your credit cards?
Can you pay it off?
Even if you're middle class and got a nice job, you get laid off.
And one of these corporate restrictions, they do not give a damn about you as a person.
unidentified
They'll throw you out of the office right away.
steve bannon ▲ ● ▼
In a hundred days, you're sweating bullets and not sleeping.
How am I going to pay the mortgage?
How am I going to send the kids to college?
How am I going to pay for Little League?
That anxiety and angst, as it goes down the food chain, people don't have another meal.
How can we, as Americans, sit there and think of the thriving nature of the food banks?
And we know now it's people just going and kind of topping off, I gotta get this, I gotta get this.
Is that the United States?
Is that what those patriots in Lexington Common fought for?
Is that where they made the stand at Concord?
Hell no.
They would come back here, first thing you say, get off your ass and do something.
Be like the folks in Greenville and Tarrant County that said, we've had enough of this, and we're going to set things right.
And the first thing setting right is the basic thing, just like in the Revolution, a committee of correspondence.
Let's have a town hall meeting.
Let's get going.
And then behind the scenes, hey, maybe we've got to get more organized because these Brits know how to run the deal.
The British were just globalists.
They were just organized power.
Don't think the crown and what happened in London, it was the capital of the world, like New York City is today.
They knew how to run the deal.
Okay? Their deal.
Why do you think so many prominent the Hamiltons of the world, the Jeffersons of the world, the Adamses of the world, and all the other tiers?
Men of the world.
Why did they revolt against this?
Why did they put it all on the line?
Because they understood if we could stop that then and create our own thing, it would be, and they had a vision, it would be the greatest republic in the history of man.
That's where they looked to, not the Roman Empire, they looked to the Roman Republic.
They were fighting the empire.
They were fighting what Rome devolved into and what Britain devolved into.
That's your heritage.
That's your lineage.
But understand it.
See what you see.
In this moment in history, in the land of the blind, the one-eyed man is king.
Just understand exactly where we are in history, where we are in global history, why they hate Trump, why they want to imprison Trump, why they hate you.
You are disrupting the entire system.
Because the system...
And the institutions, and the people that ran it in this country, betrayed the basic foundational elements of this constitutional republic.
Full stop.
And you either accept that and live with it, and I'm not saying you can't have a comfortable life.
People have a comfortable life, if you just want to get tapped along and just do your own thing and don't care about it, hey, that's fine.
You're free men and free women.
Do what you want.
But if you believe, not just in this country, but the foundational principles of this country, and know the foundational principles of this country are not going down to El Salvador in prison with a big media display.
You want to do that, do it.
But citizens, particularly our most helpless citizens, have been preyed on, preyed on.
By these terrorist gangs, preyed on, and Trump's finally said, we've had enough, and here's what I'm going to do, and I'm commander-in-chief, and I'm going to do it.
And I dare a federal court to get in the way of that.
And so now, oh, we're hurtling towards a constitutional crisis.
Well, you know, bring it on.
We're in an economic war.
With a superpower that was created.
Always remember this.
And when Jim Kramer's sitting there, my professor, Allison Graham, well, you should have asked, Jim, you should have read the book and understood it more than a sophomore in college.
Because the book, what jumps off the page is no group of elites have ever made more money.
On the declining power on the way down than they made on the way up by selling out the declining power to its rival.
And that's what happened here in the United States of America.
The Wall Street faction, the global corporatist, and Silicon Valley.
Hollywood tried to, but they're minor players in this.
I'm talking about the big three, and they sold this nation out every single day.
Not for ideology.
This makes it even worse.
If you think they had some sort of thing of mankind and maybe communism is the way and all that, no.
They're neo-Marxist culturally because they're godless atheists and demonic.
But they sold it out for money.
They did exactly what this week on Thursday Judas did to Jesus Christ.
They sold it out for their 30 pieces of silver.
And yeah, they, oh, it's uncomfortable.
And now, oh gosh, you want to raise our tax?
You damn right.
You damn right.
And Larry Kudlow and Steve Moore, you should be ashamed of yourself.
Running dogs for this group?
No, we're not taking on achievers.
It's just simple mathematics.
We have, on our watch, a $1.3 trillion deficit.
Embrace it.
It's a fact.
We have to deal with it.
It's going to be over $2 trillion.
It's going to be $2.5 trillion.
Let's have this conversation on the afternoon of the 30th of September where you can kind of figure out what it is.
It's going to be $2.5 trillion topped onto the national debt.
So Johnson, and I admire the congressman where they're fighting the Medicaid cuts.
I got that, but you have to have cuts.
Medicaid is going to have to be cut smartly.
You can't take a meeting, but you've got to smartly cut that.
One way you can cut it is people getting better jobs.
The way you get better jobs is bring back higher value manufacturing.
The service economy of the United States does not work for 75% of the people.
So you're not going to have a country.
Those two elements, the intellectual property theft and the trade deficits, are one of the reasons we have these ballooning deficits, because we have decreasing tax revenues, the tax revenues are not increasing, and you have exploding costs.
A lot of this, a trillion dollars of it, is because we also underwrite everybody's security.
And they have to start pitching in for that.
And one way did you have to have...
Less swords and more plowshares is to make sure that we can do this economically, which we can, like in Persia.
You don't need to immediately go up the escalatory ladder to start, let's have a gunfight.
You know why?
Because in the gunfight, it's the deplorables kids, it's their sons and daughters in the middle of it.
It's not the elites.
How many of that crowd that wants to go bombing into Persia and send troops into Persia, how many of their kids are in it?
How many of their kids are on the front line?
How many of their kids are in that carrier battle group?
How many of their kids are doing bombing runs in the Houthis?
Were their kids there for the F-16 pilots that got shot down?
Are they in those carrier battle groups?
No, indeedy.
Nope. Not there.
They want to take all the benefits of the society they've created.
They want to skim it off the top.
And they want to have these entitled kids running around.
They're going to do this.
They're going to do that.
Never hit a lick in their life.
Don't know anything about life.
But your sons and daughters are going to be in those carrier battle groups.
Your sons and daughters are going to be in the first wave that goes into Persia.
Your sons and daughters are going to be doing the bombing runs if that has to happen.
It's not going to happen.
The reason it's not going to happen, it doesn't need to happen.
What about their assets?
What about the Persians, the Mullah's assets?
The assets all over the world.
They stole the Russian assets.
Why don't we take their assets?
Courts have decreed it.
Short break.
Let's take down the CCB.
unidentified
War Room.
Here's your host, Stephen K. Mann.
you
steve bannon ▲ ● ▼
Since the CCP, one of the main aspects in this war is going to be de-dollarization.
Make sure you go to birchgold.com, promo code BANNON, to get the end of the dollar empire.
You can learn all about it.
The last one is the modern monetary theory, the idea that broke the world.
But there's six free installments.
We're going to be doing some things on bundling it, making sure we make it easier to get to you.
In the coming days, weeks ahead, because this is central to your understanding of the situation we're in, and that's what we need.
It ain't the price of gold, which is over $3,300.
I said that right, $3,300.
Remember, the biggest move in gold, and gold's not supposed to move like this.
It's a store of value and a hedge.
The market's telling us something.
We need you to understand that.
It's not about the price.
It's about the process of how it got there, and that's what Birch Gold is set out to teach you.
And remember, it's physical gold you want if you decide to go this way.
Chris Acavella, American Securities, you've done an amazing job.
Walk me through, when I talk about the elites and I'm bashing the elites, am I being unfair in your mind, sir?
unidentified
No, Steve.
You know, there's a few things that you pointed out in the last segment, and what I would say is You're getting to the heart of the issue, which is that that's the dark underbelly of capitalism.
The fact that our money was sent over there, that we sold out our intellectual property rights, that we hollowed out America's factories and manufacturing bases and sold everything to China.
China needs this country.
We are the world's global
Debt-fueled consumer.
And it looks like we're going to continue to be that.
So that's why the tariffs are so important.
That's why cutting off the flow of capital to Xi's new transition to the military industrial complex, their quantum computing capabilities, their laser weapon systems, their cyber armies.
This is a very specific, coordinated...
A set of tools that the Trump administration needs to implement and do it so that it protects our economic and national security.
steve bannon ▲ ● ▼
So, you're a leader.
Let's talk about...
We're going up the escalatory ladder now in this economic war.
But let's talk about things that could be done here.
Even Larry Fink said the other day, if CCP-controlled companies have done things wrong, they should be considered for taking them off the exchanges, right?
How much capital, if we cut off the Chinese Communist Party from access to capital and from stealing our technology or just agreeing to the joint ventures where we're given the technology, how much would the current situation change, sir?
unidentified
I think it would change tremendously.
It would allow us to re-implement a manufacturing base, re-establish supply chain efficiency in this country.
I mean, we learned from COVID that we were in...
A big problem when we needed critical supplies, pharmaceuticals, PPE.
We can't have that anymore.
We also need a steel industry.
We need to be able to make it manufactured to be self-sufficient.
That's the lesson of COVID.
And I think when you cut off the flow of capital to the Chinese Communist Party and mainland Chinese companies, you're talking about trillions of dollars.
You couple that with increasingly high tariffs.
That's more money that we'll collect at the border, and hopefully over time, we can make those products here in the United States, which should create wage inflation for regular people.
steve bannon ▲ ● ▼
Hopefully over time.
Is this just a fantasy of people like Peter Navarro?
How real is this?
How real is bringing back supply chains?
How real is bringing back and returning us to becoming a manufacturing superpower?
Is that real or is that just a fantasy that you believe and Navarro believes and people like myself believe?
Is this a fantasy or can it happen?
unidentified
It can happen, and it has to happen.
It has to happen for our own self-sufficiency.
It's just...
Going to take a little bit of time, and Wall Street's throwing a fit right now because of what you said before.
I mean, you have global elites who don't want to relinquish power because as soon as they relinquish their access to all of the riches that they have, those have to be redistributed to everybody else who was part of the Trump base.
steve bannon ▲ ● ▼
Okay, can you hang on for a second?
I want to hold you for a minute through the break, and the great Eric Prince is going to join us.
But I want to look at this.
Financial Times of London, of course, my favorite paper.
Headlines, Wall Street banks reap $37 billion after traders cash in on Trump volatility.
Remember, volatility is one of the things that you trade back and forth with velocity.
You will make money.
These guys are making money.
And Larry Kudlow and Steve Moore, the great big crocodile tears on taxes, bottom line.
The elites in the upper bracket.
They're the ones that control this city.
They're the ones that control the congressman.
They control the Senate.
It's the reason spending doesn't stop.
Spending doesn't stop because the elites in this country are consolidating more and more power and more and more economic power with the deficits.
The deficits help them.
More government spending helps them.
I'm going to give you some pattern recognition.
Trump brought the law firms to their knees.
How did he bring the law firms to his knees?
When he sent the letters to them to take away the security clearances, he says you're not eligible to work on anything related to government contracts or government work.
And he put a line in there.
And any of your clients that still retain you will not be eligible for government contracts.
That means feeding at the trough.
And guess what?
The toughest law firm out there, Paul Weiss and CARP, the chairman, the guy who was organizing everything, he surrendered in 24 hours.
Why did he surrender in 24 hours?
Because all the other jackal law firms, all these white-shoe law firms from all the great institutions of Harvard and Yale and Stanford, all the high moral they have at those great universities, those bastions of education, they went after their clients and said,
hey, Paul Weiss is not going to be able to be in business.
Come with us.
That's where the partners, all the highfalutin, tough partners, and Paul Weiss, that's why they collapsed in a day.
Why is Harvard?
Why is Harvard?
Why Columbia?
Why are they all collapsing?
The $9 billion of your money at the public trough that their snouts right in.
Hell, Harvard's got a $52 billion endowment.
Why don't you use that?
Can't touch that.
Got that government money.
You've been played for a sucker and you've been played for a sap.
The entire system rests on your shoulders.
You are the full faith and credit of this government.
Not the SEC.
Not the Federal Reserve.
Not this group of scum up there.
Right? The sociopathic overlords on Wall Street.
You think they give a damn about this country?
You think you give a damn about its citizens?
You think you give a damn about what happened in Lexington and Concord 250 years ago?
They were the guys on the other side.
They were the city of London, the Wall Street at the time, financing the empire against the colonists.
That was the little guy standing up and saying, hey, go F yourself.
You're going to have to come and take it.
Do we have that balls and guts today?
That is the only question that matters.
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