April 23, 2025 - Bannon's War Room
48:49
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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Because we're going medieval on these people. | |
| I got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
unidentified
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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
|
War Room. | |
| Here's your host, Stephen K. Bannon. | ||
| Wednesday, 23 April. | ||
| Year of the Lord, 2025. | ||
| Dave Bratt runs shotgun. | ||
| Bratt. Because of audience demand. | ||
| Bush, when Bush took a pledge, he raised taxes on everyone. | ||
| It was a tax increase. | ||
| This is a massive tax cut for the middle class and the working class. | ||
| It's totally different. | ||
| The old school, you know, and we were in a very different financial situation then. | ||
| Dave Bratt, your thoughts, because you've seen these guys, they're trying to scare up, but there's a lot of people behind the scenes that fully support this. | ||
| First off, the politics of it's a no-brainer. | ||
| But let's leave politics aside, because we don't do things for politics. | ||
| When he's talking about finance and economics, if you don't get that right, the politics are irrelevant because it'll catch up with you later. | ||
| The politics of the moment are not important. | ||
| You've got to think downrange of what it's actually going to do. | ||
| For the country and for the citizens of the country. | ||
| And the problem is that they don't use the prism of not just America first, but American citizens first. | ||
| That American citizens should get a preferred deal here. | ||
| Because it's upon... | ||
| Hey, you rate it. | ||
| You know why? | ||
| The entire system rests on your shoulders. | ||
| You are the full faith and credit of the United States government. | ||
| You. This audience. | ||
| And in addition... | ||
| You know, as consumers, it's been a consumer engine. | ||
| Now, that is one of the things, this is why this is a supply-side tax cut. | ||
| President Trump's trying to shift, and what Besson said today between China, China's been all production and no consumption. | ||
| We've been all consumption, no production. | ||
| You've got to rebalance that. | ||
| Dave Brett, thoughts? | ||
| Yeah, well, I'm so proud of Besson. | ||
| Pleasantly surprised. | ||
| He came out a few weeks ago and said, it's your turn to the American people. | ||
| Wall Street has had its turn. | ||
| Now it's time for Main Street. | ||
| And so when it comes to tax cuts, whatever, Wall Street has had the Federal Reserve low interest, zero interest policy for a decade. | ||
| The Greenspan put fighting on their side for 20, 30 years. | ||
| The American people have had no one on their side. | ||
| And so you're right. | ||
| There's a realignment going on. | ||
| Tax cuts, et cetera, are all part of it. | ||
| The American people, we've all learned, if you buy a lobbyist for $1 million, you will get $1 billion back. | ||
| Right? You add one little comma, one little sentence, one little phrase to the budget. | ||
| For a million bucks, you get a billion dollars back. | ||
| The American people have no such access to that kind of a deal. | ||
| Only the elites have access to that kind of deal. | ||
| And it's time they need to step up. | ||
| And I like your analogy over the past few days, too. | ||
| When you switch the incentives, the CEOs of the Fortune 500 and all the big wigs and the Magnificent Seven have all been fine with goosing up the side. | ||
| So now we're in a ditch, right? | ||
| The globalist system has thrown us in a ditch. | ||
| And people always just say to me, Dave, what are you going to do? | ||
| I'm going to say, well, first of all, I want you to realize they threw us in the ditch. | ||
| We have $37 trillion in debt. | ||
| I didn't vote for that. | ||
| So now we've got to be the good guys and the tough guys and have character and fight back. | ||
| And just lastly, you mentioned Harvard and all the education establishments. | ||
| We have an infinite list of rights now in this country, right? | ||
| And the World Bank and the United Nations, if you go to the back of their rights that global citizens are entitled to, you will find a list that goes on for 20 pages of the rights that the rest of the world is entitled to on the U.S. account. | ||
| We have to spend our money for their rights with no corresponding responsibilities or ethics or morality coming from them. | ||
| So the American people now get what's going on. | ||
| The liberals are gone. | ||
| We got Marxist leftists. | ||
| We're fighting with judges and all that. | ||
| But it's all coming home right now. | ||
| And thank God President Trump's in there. | ||
| Now it's time for the Congress to step up. | ||
| They've been silent for too long on most of this. | ||
| They need to step up right now and put what we're doing into law so that in two years we keep it. | ||
| They're going to do it. | ||
| They're going to do it. | ||
| They're going to do what Trump tells them to do. | ||
| There's no leadership over there at all. | ||
| It's a disaster. | ||
| They actually work because they're so confused. | ||
| You've got a handful of really good folks, but they're a small handful, and I don't know how these others get sent back time and time and time again. | ||
| The World Bank, because these are these international institutions set up by the globalists post-war that have worked against the American people. | ||
| Let me be blunt. | ||
| I believe the Chinese Communist Party, the CCP, still goes to the window at the World Bank as a developing nation. | ||
| Am I correct? | ||
| Yes. So understand this, folks. | ||
| You can't get a loan from a bank to do any kind of business because you're not enough collateral. | ||
| That would be the real asset that you've got to protect over at HomeTitleLock.com. | ||
| Promo code Steve. | ||
| How was that? | ||
| Slid that one in there. | ||
| Good, right? | ||
| You can't find a loan. | ||
| Because they're not lending to small business. | ||
| They're not lending to entrepreneurs. | ||
| But they got your money because you basically essentially fund the World Bank. | ||
| You got your money, your taxpayer dollars are making accessible to the most murderous dictatorship in mankind's history. | ||
| That would be the Chinese Communist Party that's killed hundreds of millions of their own people in broad daylight. | ||
| And nobody said anything about it. | ||
| You know why? | ||
| Because... The world just looks, oh, well, they're just Chinese. | ||
| Who cares? | ||
| Mao, they were killed by Mao and these communists. | ||
| The crassness of this is that every corporation in the world is running over there to be their buddy, to be their buddy and rub up on them and make money by exploiting Lao Bai Jing and essentially exploiting the American people. | ||
| At the World Bank, they get to go to the window of a developing nation. | ||
| Last time I looked, Their economy is, what, two-thirds the size of ours or 80% on one level. | ||
| If you do it on the PPP or the local pricing, it's actually bigger than the United States, Dave Brad. | ||
| How possibly are they still borrowing at the World Bank as basically a developing nation at near zero interest rates, underwritten and funded by the American taxpayer, who are being destroyed by the same Chinese Communist Party that happens to be at economic warfare with us, | ||
| sir? Yeah, well, all of the thought leaders in our country who are responsible for defining our moral authority, such as the Harvards or whatever, According to Natalie Winters, | ||
| are being funded by China. | ||
| So how do they get away with it? | ||
| All of our corporations are aimed at quarterly profits, and they're trading right up to the last minute with China. | ||
| And then all of a sudden they're going to discover, whoops, these are the bad guys. | ||
| And the Congress, you mentioned the pigs and the snouts and all that. | ||
| And I had written down prior to you saying that, you know, Orwell and 84 and whatever, and some pigs are created more equal than others. | ||
| Some pigs are created more equal than others. | ||
| And the American people have been left behind without rights, without recourse. | ||
| Everyone's more equal than you. | ||
| The Chinese CCP. | ||
| And just by the way, for the liberals and the leftists out there who still support this stuff and the wars and all this, when Trotsky and the Bolsheviks came in, It's just well documented. | ||
| He came in and was a dictator, and there was no proletariat of the worker ever. | ||
| When these elitist Chinese top-down totalitarians come in, there's no Marxist proletariat of the working class. | ||
| I mean, I would have liked to have seen that experiment, what it looked like, but it's never come to fruition because every time they come in, they're the dictator. | ||
| They're the totalitarian. | ||
| And then they gaslight us and call Trump the totalitarian and the fascist for taking down the fascists. | ||
| We're taking down a fascist order. | ||
| This ought to be... | ||
| Celebrated by all Americans, the fact that we're putting up a fight against the people who, as you say, have killed 100 million of their own people. | ||
| The moral claims here are extraordinary, and it's about time they came to the forefront in our discussion. | ||
| And the kids, unfortunately, don't learn any of this in the schools. | ||
|
unidentified
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So, | |
| We need to get our head on straight and define our terms right now and put it into our institutions. | ||
| That's Orwell's magnificent animal farm. | ||
| All pigs are equal. | ||
| But certain pigs are more equal than others, right? | ||
| All animals are equal, just some animals are more equal than others. | ||
| Animal Farm. | ||
| Magnificent. It's written about communism, but man, it can absolutely take place in the modern world. | ||
| Read it and you'll be in shock. | ||
| If you haven't read it since you were a kid or since in high school, that's always a good one to dust off. | ||
| 1984 is good, but better is Brave New World. | ||
| Brave New World. | ||
| You read Brave New World today, you are shocked about how accurate Brave New World is, even down to the lingo. | ||
| Is it not, Dave Brett? | ||
| No, that's right. | ||
| And unfortunately, our literary tradition has been cut off at the knees. | ||
| The kids no longer read any books. | ||
| They all are doing technology on phones in front of their face. | ||
| The schools, if they do literary stuff, it's literary criticism, making fun of our founders, making fun of the Bible, making fun of Christians, making fun of moral philosophers. | ||
| And that has to come to an end. | ||
| They can't define any morality. | ||
| They can't define what rights they think we ought to have. | ||
| Everybody out there ought to be, you know, at the ramparts on your local school boards. | ||
| When you take a look under the hood, what they're doing, you'll be shocked and horrified and you'll want change immediately. | ||
| Let's go back to the economics that are. | ||
| We talk about change immediately. | ||
| It's in front of us. | ||
| The big, beautiful bill is going to be coming. | ||
| And I just want to go back to some unpleasant math. | ||
| We have a $1.3 trillion deficit. | ||
| On the books through the first six months, that's done. | ||
| That's locked. | ||
| That's cash out the door. | ||
| I predict, I predict, and going forward, we get to the end of the fiscal year, on the first year of our watch, and I realize President Trump's only here for nine months, but we did make a conscious decision, folks, to take the CR and just kick it down the road because we're going to get to all the cuts. | ||
| In the first budget and then the reconciliation the first time. | ||
| You notice you keep getting promised and this kind of gets farther and farther away. | ||
| Well, the ticker is running. | ||
| And now you're going to have the bond market. | ||
| This is why we had this thing when the bond market froze 10 days ago. | ||
| And remember in the morning here on the show, live. | ||
| And Scott Besson kind of oversaw an auction of treasuries of 10 years that went okay. | ||
| And Ray Dalio, who's made a fortune over in China with the CCP, so he's no friend of the war room and no friend of MAGA and no friend of Trump, has essentially said, hey, with the way you're running up money and the way you have to finance it, you have a failed Treasury auction, | ||
| one, and the whole system can collapse. | ||
| This is why you've had the run-up of gold, right? | ||
| As central banks tuck it away, buy it and tuck it away. | ||
| So this is getting down to, this is why we have to be serious. | ||
| One of the reasons of the not giving the wealthy, not extending their tax cut permanently, because that's what we're talking about, part of it is a wake-up call so they start getting focused on getting their lobbyists here and say, hey, this thing can't go on. | ||
| When people come to me and say, hey, your thing with the tariffs and what President Trump's doing in the trade and all this trade war and bringing jobs back and all this about the big, beautiful bill and what President Trump's trying to do and reorganize, you know, you're not going to get it. | ||
| I go, okay, well, hang on, stop. | ||
| I say, give me the alternative. | ||
| The current system is not sustainable. | ||
| It's not even close to being sustainable. | ||
| It's gone on too long as it is. | ||
| So I said, let's start there. | ||
| Let's just start there. | ||
| And just, I need to hear it from these people that the current system is not sustainable because they sit there. | ||
| Stephanie Ruhl, MSNBC, CNBC, Bloomberg, The Wall Street Journal, Financial Times of London. | ||
| These are the guys who are supposed to be fiduciaries. | ||
| This is their job. | ||
| It's not your job. | ||
| Hell, you're out and about doing your thing, being a good American citizen. | ||
| Being the schmo that the whole system depends on. | ||
| Because if you ain't running around doing your business every day, the system breaks down. | ||
| So you're the good soldier. | ||
| You're the hoplite in the system. | ||
| You're doing your thing. | ||
| And the guys of the fiduciaries are supposed to be looking at the big picture. | ||
| They are the most at fault for this. | ||
| Why? Now, why has that happened? | ||
| Because they've made a fortune. | ||
| Have you looked at the concentration of wealth? | ||
| Do you think this just kind of happened? | ||
| No, it's not a conspiracy. | ||
| But it's pretty well thought through, the interconnecting pieces. | ||
| And everybody just looks the other way. | ||
| And then finally, hey, whoa, look at this. | ||
| So finally, a guy like Trump says, hey, we're going to give the workers and the middle class a little something for the effort. | ||
| A little something for the effort. | ||
| Short break. | ||
| Just a tiny piece of the action. | ||
|
unidentified
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Here's your host, Stephen K. Van. | |
| Okay, the President of the United States just had a few words outside the White House, and we are getting it loaded right now, and we're going to show it to you in its entirety. | ||
| Dave Bratt, you make a very interesting point to me during the break about the Federal Reserve. | ||
| Can you share your knowledge with the audience, sir? | ||
| Yeah, sure. | ||
| I find it interesting and shocking that the Federal Reserve over the past couple decades has no problem keeping interest rates low for the Fed. | ||
| The Fed has accommodated $2 trillion deficits per year, over the Biden years. | ||
| They also printed money before Biden's election. | ||
| Coincidentally, explain that one to me. | ||
| But they won't validate Trump's America First moves to bring manufacturing jobs back to the American worker. | ||
| So they know what's going on here, right? | ||
| There's a year lag on everything Trump's doing, right? | ||
| Tax cuts, energy, regulation, all those have about a year lag. | ||
| But the tariffs and the trade are in right now. | ||
| So that's why Trump is saying, I want a cut right now. | ||
| Ordinarily, I wouldn't be in favor of a lower interest rate cut. | ||
| But you put all those four moving pieces together, and I do want it. | ||
| And then the Fed the other day has the nerve and the gall to bring up the dual mandate. | ||
| You don't believe in any dual mandate at all, Fed. | ||
| You guys are not for jobs for Main Street and for the American person. | ||
| That was a disgusting comment to say, well, now we're going to have to go up against Trump even more because of our dual mandate, which is stable prices and jobs, unemployment rate. | ||
| Trump is actually fulfilling the dual mandate, right? | ||
| He's bringing jobs back to Americans. | ||
| And the Fed, I hope Trump pushes them to explain themselves on their dual mandate. | ||
| Talk to me about this continued... | ||
| I mean, we're at a moment of an inflection point or truth about this spending. | ||
|
unidentified
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We already know that the global... | |
| Capital markets, particularly the bond markets, because folks, here's the thing. | ||
| With the deficits of $2 trillion, and the deficit this year is going to be $2.5 trillion. | ||
| It's going to be $2.5 trillion. | ||
| You already see this from the $1.3 trillion we got in the first six months. | ||
| It's going to be $2.5 trillion. | ||
| $2.5 trillion, just deficit, for this year alone. | ||
| The ability to have to refinance this is crushing. | ||
| Only reason you can even do it. | ||
| Argentina can't do it. | ||
| Brazil can't do it. | ||
| France can't do it. | ||
| The United Kingdom can't do it. | ||
| Why couldn't they do it? | ||
| Why did Liz Truss get turfed out? | ||
| Because they're not the prime reserve currency. | ||
| The world runs on dollars. | ||
| Okay? So you can do it, but only for a while. | ||
| This is why the BRICS nation, this is why we started four years ago. | ||
| Do you think it was random? | ||
| That I sat down with Birch and said, hey, I think we got to talk about, we're going to do a series about the end of the dollar empire. | ||
| That if it happens, hang over a second, we got President Trump. | ||
|
unidentified
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Let's listen to President Trump and Brett and I will come back. | |
| Involved with America? | ||
| Be careful, folks. | ||
| They all want to be involved with America and we have a lot of action going on. | ||
| We have... | ||
| We're making a lot of money, this country. | ||
| This country is not going to be losing money on trade anymore. | ||
| We were losing $2 trillion a year on trade. | ||
| Now we're going to be making money, a lot of money. | ||
| So that's very good. | ||
| Every country wants to partake. | ||
| Even countries that have ripped us off for many, many years. | ||
| China is an example, but it's not just China. | ||
| European Union, they ripped us off for many, many years. | ||
| And those days are over. | ||
| We're going to make a lot of money for our people. | ||
| We'll be able to lower taxes substantially. | ||
| And we're going to be proud of ourselves. | ||
| We're not going to be a laughing stock taken advantage of by virtually every country in the world. | ||
| We're putting up a beautiful, almost 100-foot-tall American flag. | ||
| On this side and another one on the other side, two flags, top of the line. | ||
| And they've needed flag balls for 200 years. | ||
| It was something I've often said, you know, they don't have a flag ball, per se. | ||
| So we're putting one right where you saw us, and we're putting another one on the other side, on top of the mounds. | ||
| It's going to be two beautiful balls. | ||
|
unidentified
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Mr. President, on China. | |
| Can you clarify, Mr. President, on China? | ||
| Are you thinking about lowering their tariffs? | ||
| Fair deal with China. | ||
| It's going to be fair. | ||
|
unidentified
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Are you talking to them actively now? | |
| Actively. Everything's active. | ||
| Everybody wants to be a part of what we're doing. | ||
| They know that they can't get away with it any longer, but they're still going to do fine. | ||
| And we're going to have a country that you can be proud of, not a laughing stock all over the world for many years. | ||
| You know, in 1913, they traded to the income tax system. | ||
| We used to be all tariff, and we had no income tax, and we had the wealthiest country we ever had, proportionately. | ||
| From about 1870 to 1913, it was all tariffs, and we did. | ||
| We had more money than anybody. | ||
| They had committees how to spend the money. | ||
| They had so much money they didn't know how to spend. | ||
| Then some brilliant person said, let's go income tax. | ||
| Let's let the people pay. | ||
| Now, we're going to be able to substantially lower taxes when this is finished. | ||
|
unidentified
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How does it look in the meantime? | |
| Are you considering lowering the tariffs on China while you're negotiating? | ||
| We were losing anywhere from three to five billion dollars a day. | ||
| Think of it. | ||
| We're losing billions of dollars a day under Biden and other presidents, frankly. | ||
| But under Biden, it got really worse. | ||
| China got out of control. | ||
| We're losing a trillion dollars a year. | ||
|
unidentified
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What about Ukraine, Mr. President? | |
| And now we're going to be making money with everyone, and everyone's going to be happy, but we're no longer going to be the country that's ripped off by every country in the world. | ||
|
unidentified
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Thank you. | |
| First off, don't bury the lead. | ||
| It's the two flagpoles. | ||
|
unidentified
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How Trumpian is that? | |
| You've got to love this guy. | ||
| You have to love him. | ||
| God bless him. | ||
| So good. | ||
| Do you think, Brad, do you think the globalist, he's going out there, he's going to put, on his own pocket, he's going to put two big, beautiful flagpoles, like down in Mar-a-Lago. | ||
| If you go to Mar-a-Lago, you see that flag? | ||
| It's unbelievable. | ||
| Remember, Palm Beach took him to court and tried to do everything for years. | ||
| Trump, I don't care. | ||
| You're going to get an American flag. | ||
| Now you're going to get one at the White House. | ||
| Stunning. But right there, we're going to be proud again. | ||
| We're not going to be ripped off. | ||
| That's what it gets down to. | ||
| This country's been taken advantage of, and the citizens of this country have borne the burden. | ||
| And for the first time in the history of this country, even with President Reagan, God bless him, and taking down the evil empire, and doing the Lord's work. | ||
| Trump is the first guy ever to put you in the room. | ||
| And, quite frankly, put you at the head of the table next to him. | ||
| Not in the room, not in the deal, and you're in the room. | ||
| Right there, he lays it all out, Brett. | ||
| We're tired of being ripped off, and I'm fighting to make this country proud again of what we're doing in global commerce. | ||
| Your thoughts, sir? | ||
| Yeah, well, I've been reading about Trump's biography a little bit, and he's smarter than the press corps wants to acknowledge when it comes to space and some of the technical issues and physics and stuff. | ||
| He just plays it off like Reagan. | ||
| Aw, shucks, and I'm building two flagpoles. | ||
| And that is fantastic because that's what matters, right? | ||
| And so he's putting the narrative out front for everybody else to follow. | ||
| And then all the pieces are put in place. | ||
| This trade deal is huge. | ||
| It's in place now. | ||
| That's why the Fed, he's asking for the Fed for lower interest rates because the other pieces, right, the tax cuts. | ||
| The regulatory piece, the energy piece, there's a year lag for those to happen. | ||
| All of this is going to enhance our productivity. | ||
| That's the key economic variable, right? | ||
| Our productivity, according to the world's expert, Bob Gordon, has been going down for 70 years. | ||
| And that's why CBO and the Federal Reserve and now the World Bank and the IMF have growth at 2% for the next 30 years. | ||
| That's the constant, right? | ||
| So you can play all you want news about The Wall Street and the stock market and the equities and whatever. | ||
| And it's all just noise, right? | ||
| It's, you know, I don't want to make light of anyone's portfolio. | ||
| But it's just noise in comparison with the fundamentals that Trump is shifting around. | ||
| He's shifting around the entire world geopolitical architecture. | ||
| He's shifting around the United States of America macro economy. | ||
| He's changing it all. | ||
| He's giving your kids a shot at a home again. | ||
| He's giving your kids a shot at a real education again. | ||
| This is all just huge. | ||
| I couldn't be more proud. | ||
| The folks that don't get what's going on just don't get what's going on. | ||
| But please don't blame it on Trump. | ||
| He's doing a Herculean lift. | ||
| Put some gas on the Congress and on the Senate. | ||
| Light them up and tell them all they better put this stuff in statute, in law, right? | ||
| Because we're fed up and if they won't do it, then you need to turf them out because they're not following what's best for the American people either. | ||
| Dave, what's your social media? | ||
| Where do people go? | ||
| Yeah, just Brad Economics on Getterin on X. Brother, thank you so much. | ||
| This is why, you know, hey, I say Trump 28. Dave Brett's right. | ||
| A guy like this comes along once a century. | ||
| Once in a country's history. | ||
| We've had General Washington, we had Abraham Lincoln. | ||
| General Washington at the birth of the republic. | ||
| Abraham Lincoln at the rebirth of the republic. | ||
| And President Trump at the restoration of the republic. | ||
| And you see, he's taking them all on. | ||
| Now, what we need is the supporting cast, certain members of the supporting cast, to step up. | ||
| Some are stepping up huge. | ||
| Because this is a 30-front war. | ||
| We'd rather just fight on two fronts, but he can't. | ||
| Because we're burning daylight to save this country. | ||
| And right there, you saw a guy walk out there and put his two flagpoles up. | ||
| God, you've got to love him. | ||
| He's the best. | ||
| Dave Bratt, thank you for being with us this morning. | ||
| Appreciate you, sir. | ||
| To understand it, end of the dollar empire. | ||
| Go to Birch Gold and talk to Philip Patrick and the team. | ||
| Gold's bounced around. | ||
| It's down today. | ||
| It blew up $3,400. | ||
| Yesterday with the futures blowing through $3,500. | ||
| It's a hedge. | ||
| It's not supposed to trade like a penny stock kind of is because it's very, very turbulent. | ||
| One of the reasons things are so turbulent is they're looking at the spending and they're not seeing any effort to address it. | ||
| Short commercial break. | ||
| Birchgold.com slash Bannett. | ||
| Go talk to Philip Patrick and the team at Birch. | ||
|
unidentified
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Here's your host, Stephen K. Bannett. | |
| Fresh from the Caroline Wren joins us. | ||
| First, you did the White Lotus Tour. | ||
| We'll get to that in a second. | ||
| But you just were over seeing Scott Besson. | ||
| At the International Economics Foundation, I think, talking about his address today was in the IMF and the World Bank. | ||
| This is another thing that the posse just can't understand. | ||
| Why is the United States always ahead of everybody else and underwriting this stuff? | ||
| These guys can't get a loan to start a business of working capital. | ||
| Now, particularly with terrorists, you need more working capital. | ||
| Can't get a working capital loan, but we're funding people who don't have Americans' interest in my company, and particularly the world. | ||
| World Bank, where China still borrows as a developing nation for virtually zero interest rates. | ||
| So we played a little bit of Scott's... | ||
| You were in the room. | ||
| Were those folks in shock? | ||
| A little bit. | ||
| I mean, more than half the room was reporters, and I think they were a little bit in shock because it is just so refreshing to see someone like Besson. | ||
| He's so even keel, but then he's also a savage, a killer in his talks. | ||
| His words, he's so purposeful in everything that he says, and it's brilliant. | ||
| I love the line he said. | ||
| He was like this Pollyannish outlook of the World Bank. | ||
| He torched the IMF and the World Bank, and he said he did it in a way, though, by saying these These institutions are essential, however, they've completely lost their way. | ||
| Like, you focus on idiotic things like climate change and social justice wars, and it has nothing to do, if you actually want to help these countries, help developing countries like Africa and others, help them with energy. | ||
| Like that's what they need. | ||
| They need access to water and access to energy. | ||
| And he just laid it out in a great, great way. | ||
| And it was setting the tone for, you know, the IMF meeting is starting this week in D.C. And so he really set the tone for how those discussions should go. | ||
| And so I love the way he led with strength. | ||
| And he even said, you know, America first is not America alone, which he is right in that. | ||
| I mean, we're the head of the global economy, but everyone needs to follow our lead, not the other way around. | ||
| And he came down hard on Germany, too, and said President Trump has done more to force Germany to start spending their money again and helping out the EU in different ways. | ||
| But Besant, it just reminds me, he said. | ||
| He's an expert, particularly knows about the Great Depression and all the monetary crisis, | ||
| which is what you need. | ||
| That's always a safe pair of hands. | ||
| Folks remember back at that huge fight in Mar-a-Lago. | ||
| His confirmation went great because there was nobody on the committee ever going to try to question him. | ||
| It was the fight between Lutnik and Besson. | ||
| If we had had Lutnik, it would have been an unmitigated, absolute disaster. | ||
| The Trump administration, the second term would be over right now. | ||
|
unidentified
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And I say that just obvious. | |
| And everybody on Wall Street will tell you. | ||
| Everybody in capital markets will tell you. | ||
| He also put a shot across the bow of the Chinese. | ||
| He said, hey. | ||
| We're just not going to have, you know, you're not going to just produce everything and be the producer and sell it to us. | ||
| The model doesn't work anymore. | ||
| There's got to be a balancing. | ||
| You talked about a balancing overall. | ||
| How was that taken? | ||
| I think it was taken well. | ||
| I noticed there was several reporters there who are clearly from China, too. | ||
| So I've always been interested in how they were going to end up covering that. | ||
| But he is not wrong. | ||
| And he was saying, like, he's being smart in how he's approaching. | ||
| China, I think, and with his words, too. | ||
| He's being strong against them, but also recognizing that, to be aware, China's been preparing for this trade war for 10 years. | ||
| I mean, they've been restructuring their entire economy in preparation for this. | ||
| And so, as we head to the table right now to negotiate with 170 countries in 90 days, we need to be mindful of the fact that, like, China has been hedging their bets, preparing for... | ||
| Yeah, but they threaten retaliation against anybody. | ||
|
unidentified
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Of course. | |
| Look, 170 countries are important, but there are 15 that matter. | ||
| And the top five are East Asian. | ||
| It matters because the EU is going to do what we browbeat them into doing. | ||
| Finally, you've got Japan, Korea, Taiwan. | ||
| Vietnam, India, those big five right there, I could throw in Thailand and others, but those big five will set, the East Asian powerhouses, the tigers, will set the tone, and China knows what's happening. | ||
| They understand these deals have a, the center of gravity is with the United States of America in a free trading system, not a mercantilist trading system, I should say a fair trading system, because there is no free trade. | ||
| But the mercantilist systems of the Chinese Communist Party Right. | ||
| Yeah, and I think also with, I mean, their economy is based off of manufacturing, right? | ||
| And so as we move into this new AI world, which is going to be taking over manufacturing, you have to ask yourself, what is the Chinese economy going to look like as AI begins to take over? | ||
| And so they certainly have the energy there to be able to power these data farms and different things, but what are they going to do with the human capital, the people that they have? | ||
| And so China is going to have to deal with that. | ||
| Besson's been talking about that for a long time as well, but China always is playing a long game here. | ||
| I said this today. | ||
| She's not going to jump on this. | ||
| Charlie Gasparino put out that he's playing the long game. | ||
| Of course, they're at economic war with us. | ||
| You were there. | ||
| What are the nations? | ||
| You went around from Indonesia to Thailand to all of it. | ||
| When you were there with sovereign wealth funds and the business community, what are they saying? | ||
| They're saying that they hate China. | ||
| China is a terrible partner. | ||
| They don't want to deal with them. | ||
| They want to do more business with the United States. | ||
| They are desperate to. | ||
| But they also have the reality of China being their neighbor and that the majority of their exports are between the U.S. and China. | ||
| China is going all in on Southeast Asia. | ||
| I mean, President Xi came into Vietnam. | ||
| He came into Malaysia. | ||
| He came into Cambodia. | ||
| He's on the phone with the Indonesia Prime Minister, just basically telling them exactly what the Financial Times says right there of saying, do not do deals with the United States. | ||
| Do them with us. | ||
| And they come in with bags and bags of cash and basically buy up all their infrastructure in these countries. | ||
| And then what happens is when you buy up all the infrastructure in the countries, you can kind of, you own those countries when you do that, when you buy up their ports, their rare earth minerals. | ||
| They're LNG. | ||
| And so we need to be leaning in more on these communities, making sure that they know that we have their back and that they're not just going to be left to China because China's a terrible business partner for them. | ||
| Let's go to, let's pivot to domestic. | ||
| And he had the big article in the Washington Post yesterday about the taxes. | ||
| Think to the big, beautiful bill. | ||
| You know the donor class as well as anybody. | ||
| This math just doesn't, if you have a math, and Newt Gingrich and Grover are the same thing. | ||
| Oh, it's Bush in 92. That was a tax, that was Bush said, well, I'm not raising taxes, I'm raising it on everybody. | ||
| This is a massive tax cut. | ||
| For the middle class and working class, you extend in perpetuity the Trump tax cuts for the working class and middle class of 17, and you add no tax on tips, no tax on overtime, and no tax on Social Security. | ||
| That is a massive tax cut, to put some money into people's pockets. | ||
| When you look through the math at the current spending that you've got, right, and the current growth rate that you have, that's kind of hard mathematics. | ||
| Somehow you have to bridge a gap or the bond market's going to throw up. | ||
| It makes sense not to extend the tax cut on the upper bracket. | ||
| And President Trump says, okay, let's make it a million bucks, which is higher than the, so a bunch of people in the upper bracket, and make it 40%. | ||
| I think the number I saw thrown at this morning was $400 billion over 10 years. | ||
| So it's not the end of the world. | ||
| And not just that. | ||
| Let's leave the politics aside. | ||
| The economics got to work. | ||
| Now, how big is the donor class going to revolt against that, ma'am? | ||
| I mean, this is what Bess has been talking about. | ||
| Wall Street has had a very good run of it. | ||
| They've done very well for a long time, but it is Main Street's turn. | ||
| And so President Trump... | ||
| The Wall Street guys have never really fully backed President Trump. | ||
| They come in once he actually wins, then they start showing up for the inauguration. | ||
| They go to Mar-a-Lago after November 5th, and you're down, and you come to all the balls, and you're sitting around greasing up and hiring lobbyists, but they're not with him. | ||
| No, and so I don't think Trump particularly cares what the Wall Street guys have to say about their taxes going up. | ||
| I think he cares what the Main Street folks have to say. | ||
| And a lot of Trump's donors, even the larger ones, were actually guys that owned manufacturing plants. | ||
| Minnesota, Texas, energy folks. | ||
| And I think that they are going to be fine with it. | ||
| They understand that this is what they are supportive of President Trump. | ||
| They understand what he is doing here. | ||
| And we do have a spending problem in this country. | ||
| And we have to offset the revenue issues. | ||
| I hope that President Trump moves forward with this. | ||
| If a couple of donors are angry, okay. | ||
| I think that President Trump answers to we the people and not the donor class. | ||
| And I say this as someone who was his fundraiser for a long time. | ||
| And this is what I've always loved about President Trump. | ||
| He was the least pay-to-play president in history. | ||
| And, you know, President Trump wanted people, yes, to donate to his campaign. | ||
| He's seen that with Zuckerberg and all these oligarchs. | ||
| Right now we're in federal court blowing up the oligarchs and taking apart piece by piece. | ||
| Also, I want to go to how tough a fight is. | ||
| How many people on Capitol Hill do you think right now back that in the House and the Senate? | ||
| Behind closed doors is a lot. | ||
| But how many are prepared to step forward? | ||
| Well, on Capitol Hill, I would say, especially if you look at people who are on, like, the Appropriations Committee, financial services, people that determine this, they are disproportionately funded by Wall Street. | ||
| So they have much less of a backbone than what President Trump has, particularly within the Republican Party, too. | ||
| And then you have people like Elizabeth Warren, who claims to be for the people, even though she's actually bought off by the big banks, probably worse than anyone else. | ||
| Big Pharma. | ||
| Correct. So I think that you're... | ||
| If the Republicans were smart on Capitol Hill, they would understand what you've been talking about for a long time, what President Trump talks about, which is the populist movement, which used to be what the Democrats owned. | ||
| And so force the Democrats to have to be the ones to fight for the donor class in Wall Street and actually be lock and step with President Trump here who's fighting for Main Street. | ||
| So you see the Geo Street strategic and also the economic, and you see it from the eyes of the donors because you spend so much time with these guys. | ||
| There's a growing frustration in this audience every day of a sense of urgency. | ||
| They see other things being worked on. | ||
| And progress being made, obviously you're getting chopped up and the courts are trying to slow you down because delays to deny. | ||
| But the one thing they feel that we do have the power to control... | ||
| I think I think I think And | ||
| it's announced immediately the board is investigating him for, you know, fraud and all these other things, you know, money laundering, fraud, etc. | ||
| And the comments in the chat room are in the chat room, hey, how is the board of the WEF investigating Klaus Schwab before the Justice Department is, right? | ||
| We're not moving off the diamond net. | ||
| Your thoughts? | ||
| Well, Klaus Schwab actually announced it was about 10 days ago, I think, is when he announced that he was stepping down. | ||
| And, of course, the media doesn't want it. | ||
| So they asked no questions. | ||
| They just thought, oh, he's old. | ||
| He's just going away. | ||
| And I thought, yeah, right. | ||
| That guy was going to hold on to power until he died. | ||
| And so then... | ||
| They announced that there was the investigation, of course, when the Pope died, to bury it on that day. | ||
| Now, I agree with you. | ||
| I want to see more, I guess, aggression out of the DOJ, certainly, here. | ||
| I think the Klaus Schwab investigation is going to be fascinating, but if we just leave it to our international partners to do it, that's interesting. | ||
| But that's just one example. | ||
| What about everything else DOJ and the FBI should be doing? | ||
| Right. Well, I, you know, I'm the biggest Cash Patel fan that you'll ever meet, and I think Cash is, you know, you have to remember that these people took a little bit to be able to confirm to get in there, and so he is doing a very, very good job. | ||
| I'm going to give him a little bit more time and space to kind of see what's going to happen here with what he is doing, but Cash is one of us. | ||
| Do you think Tom Fenton is being too harsh? | ||
|
unidentified
|
No, absolutely not. | |
| Look, Bongino and Cash, people revere these guys. | ||
| I mean, the fight... | ||
| That we had for Kash, to even get him, that was harder than Besant, to get Kash Patel selected, then to get him confirmed. | ||
| Is it your concern that there's too much about, you know, FBI 10 Most Wanted and the hostage rescue team? | ||
| That's all fine, but quite frankly MAGA doesn't care about that. | ||
| MAGA wants the FBI broken up, and we don't see any movement on that at all. | ||
| I am going to give him some more time and space to be able to get this done. | ||
| But I will say that what Tom Fenton is doing is absolutely essential. | ||
| And what you do on this show is essential. | ||
| What Mike Davis is doing, pushing the judicial system, pushing the DOJ. | ||
| Just because we are now empowered, we have to go quiet and just sit here and wait for things to happen. | ||
| Things should happen. | ||
| Tom Fenton is not going to wait any longer for these things. | ||
| And so if that means suing the Trump administration, he's going to do it. | ||
| And sometimes that actually helps. | ||
| It causes that sense of urgency. | ||
| I'd like to see more action out of Congress where they should be doing some more. | ||
| Or I say, you know, we have the Republican chamber and the Senate and the House. | ||
| They can originate a lot of these investigations, too. | ||
| If you love the capital markets and geopolitics we do, go to RickardsWarRoom.com. | ||
| Jim Rickards, one of our big contributors here. | ||
| We're going to try to get Jim on before the end of the week. | ||
| RickardsWarRoom, you get access to Strategic Intelligence. | ||
| It's his monthly newsletter. | ||
| He'll kick in a free book. | ||
| Money was a money chat GPT. | ||
| This thing with artificial intelligence and currency. | ||
| Currency trading. | ||
| The world's economic system and financial system will scare the hell out of you. | ||
| But that's kind of the purpose of the book. | ||
| Make sure. | ||
| Strategic Intelligence by Jim Rickards. | ||
| Rickardswarroom.com. | ||
| Go check it out today. | ||
| Caroline Renz in the house. | ||
| Short commercial break. | ||
| Back in a moment. | ||
|
unidentified
|
Here's your host, Stephen K. Band. | |
| If you missed the filing date for the Ides of April, April 15th on Tax Day, don't be anxious. | ||
| All this can be worked out, but you've got to make contact. | ||
| Go to Tax Network USA, 800-958-1000, promo code Bannon, or TNUSA.com, promo code Bannon. | ||
| Get a free consultation of everything. | ||
| If you missed filings before, if you missed this one, or if you got a letter from the IRS, that's a ticking time bomb in your drawer. | ||
| Don't think about putting it in a drawer. | ||
| It goes away. | ||
| It doesn't. | ||
| The fees, the penalties, interest, all of it, accumulating every day. | ||
| Stop the anxiety. | ||
| Just call the people at Tax Network USA. | ||
| It's not the end of the world. | ||
| The end of the world comes if you don't address it. | ||
| Take action. | ||
| Use your agency, just like in everything else you've done here. | ||
| Use your agency for yourself. | ||
| 800-958-1000. | ||
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| Get a free consultation and see if they can assist you in their problem. | ||
| I think they've corrected a billion dollars worth of tax issues for folks. | ||
| Dick Durbin just announced he's not running. | ||
| That tells me that Dick Durbin knows they're not going to take the Senate, otherwise he'd stick around. | ||
| Being a minority over there, which is a thousand times being in the minority in the House, it's still not the best gig, and so he wants to punch out, right? | ||
| Is that the way you view it? | ||
| I do view it. | ||
| I think we should be able to hold the Senate. | ||
| I still get nervous. | ||
| Trump drives so much turnout when he is on the ticket. | ||
| We've seen that's why we've underperformed in these special elections and in off years. | ||
| I also think, though, that you had Mitch McConnell and his cronies running SLF during his whole reign. | ||
|
unidentified
|
Senate leadership. | |
| Yeah, and just horrific spending decisions. | ||
| I think Mitch McConnell would have rather been in the minority and had people that he could control than actually be in the majority. | ||
| And so we will see with... | ||
| Senator Thune, I think, has a much better appetite. | ||
| I think he's working very well with President Trump. | ||
| He's now taken over that apparatus, so I'm more excited to see what- That group is going to do. | ||
| You're kind of a Thune person, aren't you? | ||
| I am a glad-to-see-McConnell-gone person. | ||
| And so far, Thune has, I think, been a much better partner to President Trump than McConnell ever has been. | ||
| And some of the political operation behind Thune, I think, is much better than what the McConnell operation was. | ||
| And on top of that, I think Thune is more of a populist, certainly, than what McConnell was. | ||
| McConnell answered entirely to the donor class and to a set of about... | ||
| I think that Thune so far is doing a pretty good job, but I think we should be able to hold the Senate. | ||
| We've got some interesting primaries, especially Texas. | ||
| Cornyn versus Paxton is one that I'm watching very closely. | ||
| I'm a huge fan of Ken Paxton. | ||
| His audience is, too. | ||
| Yeah, and I think that he can win this. | ||
| I've seen private polling that shows he can actually win this primary, and then I think every single time the Democrats try and claim in the media that Texas is going to be close, it's never close. | ||
| Ken Paxton can absolutely win a general election. | ||
| That's kind of the pushback that people are saying, oh, well, if he can win the primary, then we might lose that seat. | ||
| I don't believe that for a minute. | ||
| Talk about Texas. | ||
| That's Glenn Story and the team. | ||
| Go to 972 Patriot. | ||
| Patriot Mobile. | ||
| We don't need to pitch you guys on how great they are and how they support. | ||
| And Glenn Story and his team down there are absolutely unbelievable to support your values. | ||
| But these guys are warriors. | ||
| But the service of the... | ||
| The company itself, because they layered on top of all the major networks. | ||
| You can get two numbers on each phone. | ||
| They get every different aspect. | ||
| Just call them, 972-PATRIOT. | ||
| Make the switch today. | ||
| Support the guys that support you, and the service is absolutely unbelievable. | ||
| 972-PATRIOT, or patriotmobile.com /warroom, or Bannon in this case, I think. | ||
| Bannon. Make sure you get 30 days free! | ||
| When you do it, Glenn's story and his team, in Texas, I'm telling you, that's going to be a barn burner. | ||
| Coroner's as bad as they get. | ||
| Of course, he'll be running down to Trump at Mar-a-Lago every second. | ||
| House. The House right now, folks, if Hakeem Jeffery raises $2 billion and flips some seats in New York and in California, they think they're going to take the House. | ||
| The first thing they're going to do is peach Trump, and then we're back to the beginning of this whole thing, right? | ||
| So what has to happen? | ||
| Well, I do think the House is going to be much trickier, but they need to be fighters and actually stand up for things. | ||
| And as you just mentioned, Hakeem Jeffrey is saying if they take back the House, they're immediately going to start calling for investigations. | ||
| Well, we currently have the House, so why aren't we calling for investigations? | ||
| And so I think that our House leadership needs to stand for much more than they are. | ||
| They need to get much more aggressive. | ||
| And also, but if the Democrats are going to take the posture over the next year and a half of just defending Venezuelan gang members, then I... | ||
| Fail to see how they'll be able to win elections. | ||
| And they are still searching kind of for their soul and their leadership. | ||
| But if they go the route... | ||
| Well, AOC, all the polling show, and AOC is now rising. | ||
| She can beat Schumer by 20 or 30 points in New York in a Senate race. | ||
| And she's leading in the polling right now, I understand, from Democrats that are doing this polling for the presidential run. | ||
| Well, I've been watching Bernie and AOC's rallies, and it is not that much different of listening to War Room, by the way. | ||
| They're taking the populist message out there. | ||
| But they don't talk about any populist... | ||
| They talk about Green New Deal. | ||
| They don't land the jump. | ||
| They don't stick the landing. | ||
| Yeah, that is true, but I do think that it's interesting to watch just the crowds that they're getting, but also House leadership on the Democrat side. | ||
| Like, they forced AOC out of the House. | ||
| If they were smart, they would have given her a House Oversight chair, by the way. | ||
| Like, they answer to their own old guard on their side, too, and so they're going to be at a reflection point here, and do they go the way of AOC and Bernie, or do they go the way of their establishment? | ||
| Let's talk about old guard. | ||
| Mike Lindell, are you out of business? | ||
| Are you pleading in federal court for the mercy of a federal judge to have mercy on Mike Lindell, or are you going to sell me some sheets today? | ||
| There were no tears shed, you guys. | ||
| Because why? | ||
| Because you know what? | ||
| The War Room has been there for my pillow and my employees, and we're there for you. | ||
| We're continuing that sale with the closeout sale of that lineup for kale sheets. | ||
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| But this was the earmark for the box stores. | ||
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| We've got Charlie Kirk next, Jack Posobiec, Steve Gruber, Eric Bolling. | ||
| I'll do the handoff from Bolling today. | ||
| Then two hours of the warm in the afternoon. | ||
| So much going on. | ||
| We're going to have you totally up to speed. | ||
| What's your social media? | ||
| Where do people follow Caroline Wren? | ||
| It is at Caroline Wren on Twitter, Truth Social, and Getter. | ||
| Unbelievable. Thank you for dropping by. | ||
| Thank you. | ||
| And thank you for doing all the great reporting. | ||
| People loved it when you were in Asia. | ||
| And all these deals. | ||
| 170 countries trying to cut deals. | ||
| 15 big ones. | ||
| Scott Besant leading the way. | ||
| Stick around for Charlie. | ||
| We're back here at 5 o'clock. |
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