April 30, 2025 - Bannon's War Room
48:50
Participants
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| Speaker | Time | Text |
|---|---|---|
|
unidentified
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We begin tonight with the escalation in the president's crackdown on illegal immigration. | |
| Today's dramatic escalation in the Trump administration's conflict with judges. | ||
| The Trump administration signaling a major escalation in its deportation efforts. | ||
| Today, an escalation in the Trump administration's battle with the judiciary. | ||
| Tensions between local and federal authorities over President Trump's immigration crackdown escalated today. | ||
| We begin this hour with a major escalation of the Trump administration's crackdown at immigration. | ||
| We begin with what appears to be a major escalation in the Trump administration's deportation efforts. | ||
| And what is a major escalation in the battle here in D.C. over immigration and | ||
|
unidentified
|
This kind of escalatory action. | |
| This is a dramatic escalation. | ||
| Escalation. Escalation. | ||
| Escalation. Escalation. | ||
| Escalation. We see an immigration, an escalation, an escalation. | ||
| We're taking back our country from a sick political class that got rich selling America out and bleeding America dry. | ||
| We don't let that happen anymore. | ||
| And we had four great years. | ||
| We had the greatest economy in the history of our country. | ||
| The stock market went up 88%. | ||
| We did great. | ||
| And we're going to do better now, because now we're really, we learned a little bit. | ||
| After years of leaders who sent your money to defend the borders of distant foreign nations, that's what we did. | ||
| We'd fight for other nations, but not for ourselves. | ||
| You finally have a president who is defending our borders and our nation. | ||
|
unidentified
|
After decades. | |
| Decades of politicians who destroyed Detroit to build up Beijing. | ||
| You finally have a champion for workers in the White House. | ||
| And instead of putting China first, I'm putting Michigan first, and I'm putting America first. | ||
|
unidentified
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We have accomplished this. | |
| Accomplished more in three months than most administrations. | ||
| Accomplished in four years or even eight years. | ||
| And we're just getting started. | ||
| Believe me, we're just getting started. | ||
|
unidentified
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Are you using your powers as president to get personal revenge? | |
| No. | ||
| I'll tell you what you're really not asking and you should be asking. | ||
| There has never been a president in this country in the history that was persecuted like I was persecuted by really crooked people. | ||
| People. | ||
| Dishonest, horrible people. | ||
| And it's been proven. | ||
| So, when you say, I'm treating people rough, I'm not treating people rough. | ||
| I was treated worse than any president in the history of our country. | ||
| You know, people figured, well, maybe that's it. | ||
| Finally, we got, you know, he's leaving town. | ||
| There goes the helicopter. | ||
| And then I came back. | ||
| And I came back because I have tremendous support. | ||
| You know, when you win an election like I won it, and you will admit, I won all seven swing states. | ||
| I won the popular vote. | ||
|
unidentified
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I won... | |
| Let's see, 2,750 districts compared to 500 districts. | ||
| That's why the map is all red. | ||
| And those people feel that I was treated unfairly. | ||
|
unidentified
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I'm asking the justification for going after people you don't like. | |
| No, no. | ||
| People that I think are dishonest. | ||
| I don't even know. | ||
| These people make you angry. | ||
| No, it's not anger. | ||
| These are people that I think are very dishonest. | ||
| I don't think they're worthy of being able to go into top-secret information. | ||
| I think that's fine. | ||
| And Biden did that with many of our people. | ||
| But when you look at it, these are people that I don't think are worthy. | ||
| That's my decision. | ||
| It's not a question of anger. | ||
| Nowhere has this transformation been more dramatic than our southern border. | ||
| You have seen a change on your southern border that Sleepy Joe said couldn't happen. | ||
| Sleepy Joe, the worst president in history, said it couldn't happen. | ||
| The last administration engineered a massive border invasion, allowing gangs, cartels, and terrorists to infiltrate our communities and rape and murder our citizens. | ||
| And that is being nice about it. | ||
| That's actually being nice about it. | ||
| They are the worst. | ||
| But standing before you today, I can proudly report that this heinous betrayal is over and that we have achieved the most secure border in American history by far. | ||
|
unidentified
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In American history. | |
| Democrats have vowed mass invasion and mass migration. | ||
| We are delivering mass deportation and it's happening very fast. | ||
|
unidentified
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Do you think the reputation of the United States... | |
| Has gone down under your presidency? | ||
| No, I think it's gone way up, and I think we're a respected country again. | ||
| We were left at all over the world. | ||
| We had a president that couldn't walk up a flight of stairs, couldn't walk down a flight of stairs, couldn't walk across the stage without falling. | ||
| We had a president that was grossly incompetent. | ||
| You knew it, I knew it, and everybody knew it, but you guys didn't want to write it because you're fake news. | ||
|
unidentified
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All right. | |
| Thank you. | ||
| And by the way, ABC is one of the worst, I have to be honest with you. | ||
|
unidentified
|
Thank you. | |
| As you said, it is an un... | ||
| It's an undeniable fact that illegal crossings at the southern border have plummeted, a staggering decline. | ||
| But there are questions about your methods. | ||
| And so I want to ask... | ||
| About my message? | ||
|
unidentified
|
Methods. | |
| About your methods, how you're accomplishing this. | ||
| Well, they seem to work. | ||
| Actions that we have been taking as Democratic attorneys general have resulted in nationwide injunctions which cover those... | ||
| Individuals in red states, which are disproportionately being impacted by these executive orders, which do not have the force of law. | ||
| You cannot override a law simply by signing an order with a sharpie. | ||
| It just doesn't work like that. | ||
| And that's why we've been pushing back. | ||
| And it's important that individuals understand. | ||
| He's not a king. | ||
| He's just the president of these United States. | ||
| And there are limitations on his power. | ||
| And we have to say that to the American public over and over again. | ||
| This really is, Chris, a teaching moment for journalists and for attorneys general with respect to the law and its operation. | ||
| A handful of communist radical-left judges to obstruct the enforcement of our laws and assume the duties that belong solely to the President of the United States. | ||
| Judges are trying to take away the power given to the President to keep our country safe, and it's not a good thing, but I... | ||
| For the sake of our country, that the Supreme Court is going to save this because we have to do something. | ||
| These people are just looking to destroy our country. | ||
| Nothing will stop me and the mission to keep America safe again. | ||
| It's very simple. | ||
| Keep America safe again. | ||
|
unidentified
|
So your answer to the concern about the tariffs is everything's going to be hunky-dory. | |
| Everything's going to be... | ||
| It wouldn't have been if I didn't do this. | ||
| I had a choice. | ||
| I could leave it, have a nice easy time, but I think ultimately you would have had an implosion. | ||
| Our country had inflation that was worse than they've ever had it before. | ||
| You don't mention that. | ||
| Why don't you mention that? | ||
| We had the worst inflation probably in the history of our country. | ||
| People say 48 years. | ||
| Probably in the history of our country, we had the worst inflation. | ||
| And people were dying over the inflation. | ||
| You know that. | ||
| Now the grocery prices are coming down. | ||
| The energy prices are coming down. | ||
| Gasoline's coming down. | ||
| It's all heading in the road. | ||
| In the coming weeks and months, we will pass the largest tax cuts in American history, and that will include no tax on tips, no tax on Social Security, no tax on overtime. | ||
| It's called the one big beautiful bill, and it will be the biggest bill ever passed in our country's history. | ||
| It will include the biggest tax cuts, regulation cuts, military supremacy, and just about everything else. | ||
| We will cut more than $1 trillion in wasteful and unnecessary spending. | ||
|
unidentified
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And in the next fiscal year, it'll all be done. | |
| We're going to have something that you won't even believe. | ||
| We will end inflation, slash prices. | ||
| We've already ended inflation. | ||
| Raise wages and give you the greatest economy in the history of the world. | ||
| That's already happening. | ||
| With our tax bill, the average families... | ||
| Pay will be at least $5,000 more than it was just a couple of months ago. | ||
|
unidentified
|
What do you say to people who are concerned you are taking, seizing too much power and becoming an authoritarian president like we haven't had before? | |
| No, I would hate them to think that. | ||
| I'm doing one thing. | ||
| I'm making America great again. | ||
| We have a country that was failing. | ||
| We have a country that was left at all over the world. | ||
| We had a leader that was grossly incompetent. | ||
| He should have never been there. | ||
| The election was rigged. | ||
| He should have never been there. | ||
| Our country suffered greatly, and now our country's coming back. | ||
| Like, nobody can believe. | ||
| I have editorials just today where they're saying they've never seen anything like it. | ||
| They love it. | ||
| Our country's coming back, and we're respected again. | ||
| This is the primal scream of a dying regime. | ||
|
unidentified
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Pray for our enemies, 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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MAGA 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. Babb. | ||
| Here's your host, Stephen K. Babb. | ||
| Wednesday, 30 April, in the year of our Lord, 2025. | ||
| I want to give a hat tip to the production team here in the War Room. | ||
| I believe we set a record. | ||
| I think it's the most clips, not the longest cold open, but the most clips in any cold open and put together, kind of summarizing what's going on in the last 24 hours. | ||
| Absolutely magnificent. | ||
| I want to thank also Real America's Voice, the entire team, Eric Bolling, Natalie Winters, the great Brian Glenn, Steve Gruber, John Solomon, the entire production team, Parker Sig, everybody from Denver to Palm Beach, and the folks on the ground. | ||
| Five hours yesterday, and it was just so much fun. | ||
| I cannot think of a better way to really commemorate and celebrate the 100th day of the 100 days of President Trump. | ||
| It's just extraordinary. | ||
| And for everybody, the advanced team for the president up in Macomb County, you couldn't have picked a better place, a more symbolic place, a great audience. | ||
| President Trump was absolutely, completely lit. | ||
| I thought that was just incredible. | ||
| Went through, everything's accomplished. | ||
| If you step back, and today I'll get the center left, I think I'm on the cover, but it's a huge interview about the 100 days. | ||
| And I say, look, this is the Trump revolution. | ||
| And now it's coming into place and he's putting it into place institutionally. | ||
| And that's what the political class in the United States and our sociopathic lords of easy money on Wall Street can't handle and the globalists. | ||
| This is a populist nationalist uprising in back of a man who's actually fearless. | ||
| Is Trump perfect? | ||
| No, he's not perfect. | ||
| In his imperfections, his greatness shows, I think. | ||
| He's just a jackhammer. | ||
| I want to reiterate something we talked about a little bit on the show yesterday. | ||
| It's the urgency, the speed, and the scale of what he is doing. | ||
| For instance, the border. | ||
| And Bowling brought up a great point yesterday. | ||
| Lankford's bill, remember everything we talked about that bill, that bill got talked about forever before this audience killed it. | ||
| This audience killed it. | ||
| This audience killed it. | ||
| That was a Republican bill under McConnell. | ||
| There were 2 million new illegal alien invaders a year allowed before things even kicked in. | ||
| Think about that for a second. | ||
| Embrace that. | ||
| Embrace every lie you were told. | ||
| Embrace and remember everything. | ||
| All of it. | ||
| It's not just Biden, which they hid his infirmity. | ||
| If you saw him at the Pope's funeral. | ||
| On Saturday, which mainstream media wanted to keep the camera away from him, it was pathetic. | ||
|
unidentified
|
This is a very frail individual. | |
| You can't help that. | ||
| It's just age. | ||
| A very frail individual that can barely, barely, barely take care of himself. | ||
| In fact, he needs assistance. | ||
| That's who they propped up as President of the United States. | ||
| That's who they wanted in the White House on the 100th day. | ||
| Not Trump. | ||
| The scale of what President Trump has done is unprecedented in American history. | ||
| Unprecedented in American history. | ||
| This makes the first 100 days of FDR look like, you know, we're hanging out on a Saturday, thinking of something, you know, spitballing some ideas. | ||
| Well thought through. | ||
| A coordinated, well thought through effort. | ||
| Four years, well many years in the making, but four years of intensity of pulling those policies and those teams together and the precinct strategy to back him up. | ||
| It's all coming together and converging. | ||
| And of course, the second hundred days. | ||
| Because this is not going to be like a marathon now. | ||
|
unidentified
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This is going to be a series of sprints, like a relay. | |
| The next hundred days. | ||
|
unidentified
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Probably even more vitally important, but man, what a foundation we laid. | |
| What a foundation. | ||
| Just absolutely incredible. | ||
| Okay, we've got a lot to go through this morning. | ||
| And we're going to go through it all. | ||
| Johnny Khan's going to take us out with American Heart. | ||
| We're going to return in the war room. | ||
| On the 30th of April, the year of our Lord, 2025. | ||
| You see him on television, he's unbelievable. | ||
| Hey, Stephen, come up here fast. | ||
| The great Stephen Miller. | ||
| Do we like Stephen? | ||
|
unidentified
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Come here, Stephen. | |
| I love this guy. | ||
| I love this guy. | ||
| There is nobody smarter or tougher than Stephen Miller. | ||
| Stephen, say it. | ||
|
unidentified
|
Who's enjoying a hundred golden days of America? | |
| President Trump has achieved the most secure border in American history. | ||
| He's fighting violent crime. | ||
| He's fighting the drug cartels. | ||
| He's cutting your taxes. | ||
| He's cutting wasteful spending. | ||
| He's draining the swamp. | ||
| He's standing up to the radical left. | ||
| He's standing up to the communists, and he's making America stronger than it's ever been. | ||
| President Trump will never stop fighting for you, your children, and your family. | ||
| And President Trump will make sure that in this country, not illegal aliens, not criminals, not gangbangers, but American citizens come first, last, and always. | ||
| Thank you. | ||
| And thank you, President Trump, for being the greatest president in American history. | ||
| Thank you. | ||
| He's great. | ||
|
unidentified
|
This guy, he is something special. | |
| And he's been with us right from day one. | ||
| Right from day one. | ||
| Stephen's been there, right? | ||
| He's been there. | ||
| Stephen was there from day one. | ||
| Stephen Miller was a staffer over when I met him. | ||
| He and Sergio Gore were junior grundeons. | ||
| I shouldn't say they're junior grundeons. | ||
| Because the congressional staffs were different. | ||
| They were staffers over with Michelle Bachmann. | ||
| Right before Bachman went, I mean, they were key for Bachman going on a roll. | ||
| I made a film about her and other women at the Tea Party called Fire from the Heartland. | ||
| And then Bachman ran for president and actually won the Iowa Straw Poll. | ||
| It was on the cover of Time magazine and was leading in the polls in August of 2011. | ||
| Then Steven Sergio went to Rand Paul in the Senate and Steven went to Jeff Sessions. | ||
| All of the great fights against amnesty. | ||
| Everything came from, although... | ||
| Jeff Sessions, unfortunately, became captured by the Justice Department and was suboptimal as Attorney General. | ||
| A magnificent senator that stood in the breach, first senator to endorse Trump back in the days when McConnell told you you're signing your death warrant in the Senate. | ||
| Stephen Miller was the guy, just absolutely incredible and one of the very first guys to go on to. | ||
| After Dave Bossie arranged for Corey Lewandowski to take over the Trump campaign. | ||
| When I say take over the Trump campaign, it was basically Corey Lewandowski and a young PR person from one of the, I think it was Ivanka's company, Hope Hicks. | ||
| That was the campaign. | ||
| That was essentially what they had in the run-up to. | ||
| The 10th anniversary is coming up. | ||
| Another big anniversary we got is on 15 June is the 10th anniversary of coming down the escalator. | ||
| And we will commemorate that. | ||
| With all due celebration as we have to. | ||
| Stephen Miller said something very important there about standing up. | ||
| Today is, you know, it's the 100th, you know, it's the 100th day. | ||
| It's the end of the first section of President Trump's second term. | ||
| It's also the 50th anniversary of one of the most shameful moments in American history, the fall of Saigon. | ||
| And America leaving Saigon, the military forces leaving Saigon, although we had kind of wound down the offensive part of the war a couple of years before. | ||
| And then leading to the killing fields, what happened in Southeast Asia? | ||
| I don't know. | ||
| Approximately, was it 20 million people murdered by the communists? | ||
| 30 million people murdered by the communists? | ||
| A lot of those were backed by the Chinese Communist Party. | ||
| The Chinese Communist Party is no friend of the North Vietnamese. | ||
| They've been ancient enemies, as you can tell today. | ||
| You know, nominally, Vietnam is run by a communist. | ||
| That's just a dictatorship. | ||
| Just another gang of criminals. | ||
| Which if you study, if you read Poso's book, but if you study communist history, essentially they're just criminal gangs, right? | ||
| They have a philosophy and they always talk about democracy. | ||
| But whether it's the Bolsheviks or whatever communist party they got, they're all atheists. | ||
| They're just bands of criminals. | ||
| They rule by the gun. | ||
| And what did Stephen Miller say? | ||
| Standing up to the communists. | ||
| President Trump is now engaged in a great war against the communists, not just the neo-Marxists in our universities, not just the neo-Marxists in our judiciary. | ||
| You see the judicial revolt, whether it's in what's happening in Brazil with Bolsonaro, and Eduardo Bolsonaro will be in studio tonight for the evening show, 6 o 'clock. | ||
| I'm going to spend some time with him. | ||
| We've got to get to the bottom of that. | ||
| Also, there's going to be a big announcement out of Korea today. | ||
| We're spending a lot of time with the South Koreans. | ||
| A big announcement today coming out of South Korea of I think who's going to get the conservative nod on May 3rd at the convention for South Korea to fight really the Chinese Communist Party coup over there. | ||
| President Trump's confronting... | ||
| The Chinese Communist Party. | ||
| Remember, there's not communism because, you know, communism's kind of, the economics is a little bit like, they try to play it like the Sermon on the Mount or the Gospel according to St. Matthew, where, you know, it's each according to his needs and it's not, it's not. | ||
| The poor suffer brutally under communism and the gangsters become the wealthy and become in control. | ||
| That's what's happened in Beijing. | ||
| You've got five families that run the deal. | ||
| Just like you had in Moscow. | ||
| You got these factions and now you got the KGB in charge. | ||
| But it's just all criminal gangs. | ||
| Whether it's the Mullahs in Tehran, you got the Beijing, you got the criminal gang in Beijing, you got the KGB in Moscow, just all different gangs. | ||
| And that's what's happened to our government. | ||
| President Trump's a sick political class. | ||
| The reason Trump, this revolution, is so unique and extraordinary and more so... | ||
| Then like FDRs or even Lincolns. | ||
| Our Lincoln is probably a better analogy. | ||
| President Trump has an internal enemy. | ||
| He's fighting as much as he's fighting an external enemy. | ||
| In fact, the internal enemy is inextricably linked with our foreign enemies. | ||
| That's the point you have to embrace. | ||
| The CCP would not be as powerful. | ||
| They would not have the manufacturing job. | ||
| They would certainly not have the shipbuilding. | ||
| They would not have the Navy. | ||
| They would not have the military. | ||
| They would not have the technology. | ||
| Unless you have open collaborators. | ||
| In fact, they're not collaborators. | ||
| They're partners. | ||
| And they come here and, oh, you're trying to do this? | ||
| You're bringing tariffs? | ||
| This is why the Democratic Party will never actually rise again. | ||
| Because they have sold out the working class. | ||
| They refuse to have an honest discussion about tariffs and about how you bring manufacturing jobs back here and how you get premium pricing to get access to this market that benefits through external revenue. | ||
| All they do are they're running dogs for Wall Street. | ||
| Oh, price is going to go up. | ||
| It's a tax. | ||
| That's just the neoliberal's line. | ||
| And this is why Bernie Sanders is a phony. | ||
| This is why AOC is a phony. | ||
| This is why MSNBC is a phony. | ||
| This is why you don't really see Ro Khanna or John Fetterman or Sherrod Brown. | ||
| They say it a little bit because it got to because of Democrats, but they know what's going on here. | ||
| Trump's confronting, he swore an oath to heaven, to God Almighty, to protect the Constitution against all enemies. | ||
| Let's underline all. | ||
| Enemies, not opponents. | ||
| Not political opposition. | ||
| Enemies. | ||
| Foreign and domestic. | ||
| These are enemies. | ||
| Enemies. | ||
| You're telling the people that sold this country out? | ||
| The people that have every different aspect have tried to steal from the working class, the middle class, the fruits of their hard-earned labor? | ||
| Ask yourself, how many generations have your parents been here? | ||
| How many generations has your family been here? | ||
| How much good, solid work Has your family done? | ||
| Don't look to the right. | ||
| Don't look to the left. | ||
| Think. | ||
| Go back in time. | ||
| Think of your family. | ||
| Think of what they've done. | ||
| Think of the sacrifice. | ||
| Go all the way back to the beginning. | ||
| Think of their sacrifice. | ||
| What they did to build the community. | ||
| To be Burke's little platoons. | ||
| To be the social structure that everything depends upon. | ||
| That essentially won World War II. | ||
| That essentially won World War I. That won the Cold War. | ||
| All of that. | ||
| And come down to the present time and then project forward in your tree. | ||
| Don't look at another tree. | ||
| Look at your tree. | ||
| Look at just all the way through. | ||
| And for all that effort, you look at who runs this country and you look at the concentrated wealth in this country. | ||
| And you see what their sacrifice and their family sacrifice and you compare and contrast. | ||
| This nation is built on the shoulders of its middle class and its working class. | ||
| Full stop. | ||
| There has never been a country as good or as powerful as the United States that has been sold out worse by the elites in the country and I dare anybody. | ||
| To go through history and show me where elites sold people out in a worse way. | ||
| Generation after generation. | ||
| Down to the present time. | ||
| And it's gotten worse. | ||
| And now it's gotten so that President Trump came out of nowhere. | ||
| Think about the history of Trump as a political figure. | ||
| He came out of nowhere. | ||
| He polled at zero in 2014. | ||
| In 2015 at CPAC, 2015 at CPAC, 100 days before he came down the escalator. | ||
| At CPAC, 100 days. | ||
| Trump on the poll, the famous poll they took at CPAC, I think finished 7th at 3.5%. | ||
| The day at the top of the escalator when he came down. | ||
| I believe, I gotta check with Boyle on this. | ||
| I think he was seventh in polling at that time. | ||
| Now he rocketed to the front because first time really had come out on broadcast television and others what I had been and Dave Bossie and others, Corey, we had been seeing and hearing for over a year, year and a half as he went around to these cattle calls. | ||
| And once it hit Americans in the solar plexus, they said, wow, what thing is this? | ||
|
unidentified
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To quote the Gospel of St. Mark. | |
| Short commercial break. | ||
| Back in the warm in just a moment. | ||
|
unidentified
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Back in the warm in just a moment. | |
| Here's your host, Stephen K. Vann. | ||
| Okay, um... | ||
| Welcome back. | ||
| Birch Gold. | ||
| The Rio Reset is going to be in July. | ||
| We're going to cover that wall-to-wall. | ||
| Why? | ||
| In this great economic war that we're now engaged with, and it's basically essentially close to an embargo, and Scott Bessent, and there's all kinds of stories now coming out, there's deals in the making, India, Japan, South Korea. | ||
| Taiwan. | ||
| Huge deals. | ||
| More announcements of companies making big investments here. | ||
| President Trump said, hey, it's going to be a little choppy water. | ||
| The engagement with the Chinese Communist Party is direct and intense. | ||
| One of the lead weapons they have is de-dollarization. | ||
| They're working the BRICS nations and not defending the BRICS nations because we have a lot of enemies there. | ||
| But they do have a complaint that, hey, the purchasing power of this thing... | ||
| It continues to drop. | ||
| Why? | ||
| Massive federal spending. | ||
| Chip Roy's got a brutal tweet out. | ||
| Grace, I haven't had time to talk to you about this, but Grace of UMO can put it out. | ||
| He's talking about not just Medicaid, but heading towards, unless we get control of the spending, $50 trillion in debt relatively quickly. | ||
| It's got to be addressed. | ||
| President Trump reiterated last night, no tax on tips, no tax on overtime, no tax on Social Security. | ||
| Okay? | ||
| You need significant spending cuts, and we've got to cut the Defense Department. | ||
| I love full-spectrum dominance in the military, but we've got to be very smart about this. | ||
| We've got to be smart, and we've got to be smart with our dollars. | ||
| And one thing we can do, Solomon's going to be with us later, is cut off, you know, delist these Chinese companies. | ||
| We're using your pension money to underwrite Chinese military technology companies. | ||
| It's insane. | ||
| The elites in our country have so sold us out that we're financing our enemy like no other country in mankind's history has financed their enemy. | ||
| That's the big lie about the Thucydides trap. | ||
| If it's a trap, bro, it's a trap set by the elites in the country, the money-grubbing elites in a country that have stolen all they can steal to finance an enemy. | ||
| Now, they're in total meltdown today because GDP negative in the first quarter. | ||
| But, hey, that's Biden's numbers. | ||
| They're saying tariffs. | ||
| Yo, Liberation Day was the second. | ||
| And basically the reciprocity of the tariffs hadn't even kicked in yet. | ||
| This is how – it's all information warfare. | ||
| It's all narrative warfare. | ||
| You guys are smarter than that. | ||
| But Steve Cortez joins us from Rome. | ||
| Steve, I got you on here. | ||
| I want to talk about what's going on in Rome in a minute. | ||
| But you're the best guy to walk us through this. | ||
| Two weeks ago, sir, three weeks ago, for 72 hours, we were inundated with headline after headline. | ||
| MSNBC, excuse me, CNBC, Bloomberg TV, and they're normally pretty good. | ||
| Fox Business, worst April stock market performance since the Great Depression. | ||
| You know, since what? | ||
| Black Thursday. | ||
| Just over and over and over again. | ||
| Can you give us a summary, sir? | ||
| As run the last day of April? | ||
| No, listen. | ||
| So the media was going apoplectic, right, over the early March volatile market action. | ||
| And it was volatile, okay? | ||
| For traders, for example, April was a crazy month. | ||
| But for investors, guess what? | ||
| It's actually been a pretty... | ||
| Boring month. | ||
| And let me prove that by showing you price, because as we often say, Steve, price is truth. | ||
| So if we look at chart one, this is the NASDAQ, the QQQ, which is the NASDAQ 100, in the month of April. | ||
| And I compiled an hourly chart, also put this up on my social media, and I can show you this was as of yesterday's close, we were actually higher on the month. | ||
| Now the market's having a tough time today, so we're slightly down on the month. | ||
| That chart is through yesterday's close, because I made that pre-open this morning. | ||
| And my point is, a lot of... | ||
| A lot of ups and downs, a bit of a rollercoaster during April. | ||
| But the point is, we're ending April almost exactly where we began April. | ||
| So context is really important. | ||
| And Steve, unfortunately, context is something that you will almost never get from our corrupt and biased. | ||
| Corporate media, especially if they believe that it could take shots at Donald Trump. | ||
| So what we've seen is a lot of volatility in early April, a massive recovery in late April in the Nasdaq. | ||
| That seemed to get no attention. | ||
| That got no love from the PR advocates for the Democrat Party and the ruling class in this country. | ||
| So again, I want to reassure folks to have confidence that there is a plan here. | ||
| And that despite market volatility, if you're a long-term investor and if you're not checking, refreshing every hour, looking at your account, not very much happened in the month of April. | ||
| Talk to me. | ||
| I'm going to get this chart up in a second from the Senate that Chip Roy put out about the growth of debt. | ||
| But talk to me today. | ||
| They announced the first quarter is going to be negative. | ||
| It's all because of the tariffs. | ||
| It's all because of the tariffs. | ||
| This is more narrative warfare, Cortez. | ||
| What are your thoughts? | ||
| No, it is not all because of the tariffs. | ||
| And let me tell you, too, I just obviously showed a chart of the NASDAQ there. | ||
| We're talking stock market. | ||
| But as you often point out, the more important market for most Americans is the bond market. | ||
| It has much more effect on people's lives. | ||
| The bond market, by the way, to connect this to politics, and I talked to the biggest bond traders in the world, and they tell me they're not freaked out about tariffs. | ||
| They're freaked out about this budget, this looming... | ||
| Profligate, borrow and spend binge that is likely to come out of a GOP Congress, right? | ||
| The supposed folks with some discipline when it comes to budgets. | ||
| Not so much right now, at least the way the trend is going. | ||
| Now, can we reverse that? | ||
| I think we can. | ||
| It's going to take a Herculean effort, politically speaking. | ||
| And you're exactly correct, because we have to give a tax cut to the middle class, no tax on overtime, tips, social security. | ||
| In my view, the only place you can squeeze revenue, the only place is out of the very top end. | ||
| Not to mention, it makes economic sense, not to mention it would be political gold as we head into the midterm elections to be able to say we cut middle class taxes and we actually raised the top rate for the very wealthiest earners. | ||
| So the bond market is what's causing much more consternation. | ||
| And listen, I'll say this, though. | ||
| Is there uncertainty around tariffs? | ||
| Of course. | ||
| You know, when we try to rebalance what President Trump is doing here, it's amazing. | ||
| And it's momentous and historic. | ||
| He's trying to rebalance an economy that has abused working class people for decades in this country to the benefit of the credentialed ruling class elites of America and to the benefit of the Chinese Communist Party. | ||
| Now, that kind of a major historic transformation, it's the biggest economic reform in this country we've seen since FDR. | ||
| And frankly, this is going, and thankfully, this is going in the opposite direction of FDRs. | ||
| But we haven't seen something like this in basically 100 years. | ||
| And that kind of transformation... | ||
| That kind of rebalancing of a giant economy like this, it is tumultuous by its very nature, and it is going to involve some near-term pain. | ||
| I mean, I think that's just systemically accurate and, frankly, necessary because of what we've been through. | ||
| I would say this. | ||
| What I think the White House can improve on and the administration broadly is just a little better messaging, more clarity. | ||
| Financial markets love certainty. | ||
| They like at least clarity, if not actually getting to certainty. | ||
| And financial markets can deal with a new policy that markets don't necessarily like. | ||
| As long as they believe they have certainty and then can appropriately price that in for future projections. | ||
| So with better clarity, I think with a better budget coming out of the Congress, we are going to see, I think, a bond market that is more stable, more predictable, and if we get that, then the overall economy benefits. | ||
| But, okay, let me put this chart up now. | ||
| I don't know if I've gotten it to you early enough, you can see, but people, let's put this chart up. | ||
| This chart is, the math here is not from the war room. | ||
| The math in this chart, and Chip Roy put this out, the math in this chart is from the Congressional Budget Office, which jointly takes what the Senate Budget Committee and the House Budget Committee. | ||
| These are the official numbers coming from Capitol Hill. | ||
| And you see in the far left at the, you know, in the year 2025, we're there, and this is publicly, we're at just about $30 trillion. | ||
| We're actually at $37 trillion, so this is low. | ||
| Look at that slope. | ||
| Folks, this is with 2.6% growth. | ||
| And I know you want the specifics and the details. | ||
| Any budget that has 2.6% growth is just not. | ||
| Right now, the actual projected growth, I think, is 2%. | ||
| IMF is 1.8%. | ||
| Every investment bank or major investment bank is at 2%. | ||
| So you're giving yourself a half percentage of growth as a kick. | ||
| Right there, you blow through $50 trillion. | ||
| This is their numbers. | ||
| This is not sustainable. | ||
| And people say, well, Steve, the economy is going to grow. | ||
| You've got this financialization of the economy. | ||
| At one level, mathematically, it grows. | ||
| But this is reality. | ||
| You can't – the interest payments alone not just blow through defense spending, which they've already blown through. | ||
| It starts to overwhelm everything. | ||
| And look, this is why the political class here, their numbers, they wanted Elon to come in here with a magic wand and give them a trillion dollars of free cuts out of waste, fraud, and abuse. | ||
| The reality is those numbers didn't materialize. | ||
| Doge has done some very good stuff, and we've got some decrease in people, etc. | ||
| But if you look at the Wharton School's weekly tracker, and they're the best for tracking it. | ||
| We're spending more money. | ||
| I hate to give you mathematical reality, but I got to give you mathematical reality because eventually it's going to get to a place. | ||
| You're going to sit there and go, why did nobody warn us? | ||
| Why did nobody tell us about this? | ||
| Why do we have no options? | ||
| Why do we have to have major cuts to entitlements? | ||
| Why do we have to have major cuts to Medicaid? | ||
| Why do we have to have major cuts to defense? | ||
| Why am I working two jobs? | ||
| Why am I under 40? | ||
| Why can't I get a house? | ||
| Why, why, why, why? | ||
| This is here. | ||
| And now it has to be faced. | ||
| This is my point about the converging crises. | ||
| One is the deportation, the getting our sovereignty back and the deportation of the 10 million illegal aliens. | ||
| That's going to be, I think, adjudicated at the Supreme Court. | ||
| We're going to find out exactly what the Supreme Court is prepared to do to back President Trump as they failed to do in backing Lincoln. | ||
| And Lincoln just took matters in his own hands during the Civil War, and President Trump's saying this is an emergency. | ||
| And I would actually say a 10-million-person invasion of this country, of illegal people, is every bit as great as what was happening in the Civil War. | ||
| Not the slavery issue, but pulling out and trying to become independent. | ||
| They're saying, hey, we're succeeding on that topic. | ||
| We have a crisis, and this crisis is going to go to the Supreme Court. | ||
| It's going to go this summer. | ||
| And don't sit there and think, because President Trump selected these judges, they're going to have Trump's back. | ||
| You're going to have that on top of this. | ||
| In this big, beautiful bill, there has to be a reality check. | ||
| I can tell you right now, there's no reality check. | ||
| They're over there right now. | ||
| We're increasing spending. | ||
| Reconciliation Park has $350 billion in addition to what's already budgeted with no cuts. | ||
| $350 billion of $170 billion for deportations and $150 billion in addition for the military. | ||
| Cortez, how sustainable is this? | ||
| It is not, Steve. | ||
| Look, math is undefeated. | ||
| All time, okay? | ||
| In all of human history, math is undefeated. | ||
| And math won't be fooled this time either. | ||
| The math simply doesn't work at present trajectories, as you showed. | ||
| But I also do want to, I don't want to just be dour. | ||
| I want to point the way out, because it is fixable, although our options continue to narrow the longer we take. | ||
| Every quarter, every year, our options are compressed. | ||
| But the best way out right now, which I think is doable politically and works economically, is raise that top end, close the carried interest loophole, We will have, | ||
| unlike any other nation in the world, we will have the ability to power the AI, digital... | ||
| We can do it in the United States because we've been blessed by the Lord above with so many abundant resources under our feet. | ||
| All of that combined... | ||
| What we can do on the budget and what we can do with productivity and AI powered by American energy, plentiful, cheap, reliable American energy. | ||
| All of that means we can fix this. | ||
| But we need to realize the urgency of the moment. | ||
| And not many Republicans on Capitol Hill are getting the urgency of the moment. | ||
| We're going to have to. | ||
| This is going to be colossal. | ||
| You're going to have a convergence of these deportations. | ||
| With the convergence of this financial and economic crisis on top of President Trump trying to bring peace with the Russian rapprochement in Ukraine and the Middle East all coming together. | ||
| This next hundred days is going to be actually more vital than the first. | ||
| Short commercial break. | ||
| Back in a moment. | ||
|
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Back in a moment. | |
| Man. *Dramatic music* | ||
| The real reset, we're going to be covering this nonstop because, like I said, the principal weapon, the Chinese Communist Party is coming after us, or one of the principal weapons in their toolbox is the de-dollarization to break us as the world's reserve currency. | ||
| Now, I think in these budget discussions and all that, a national discussion about being the prime reserve currency should be part of that, tied to the Fed, whether we want to do it or not. | ||
| That's a very... | ||
| That should be a national policy that should be in a presidential election and should be central to it, like William Jennings Bryant and the guys back in the old days used to talk about money. | ||
| Remember, up until the beginning of the Federal Reserve currency, this is if you go to birchgold.com, into the dollar empire. | ||
| The first couple of installments we put out years ago talked about that, how from the founding of the nation all the way up until the Federal Reserve and the income tax and all that in the early 20th century. | ||
| Currency was a big part of political debates all the time. | ||
| And guess what? | ||
| Your easy money overlords on Wall Street wanted to get that out because it was getting a little too personal with William James Bryan in the crowd. | ||
| Birchgold.com slash end of the dollar empire. | ||
| Promo code Bannon. | ||
| Make sure you put that in there and get to Philip Patrick and the team. | ||
| Phillip's going to be on, I think, tomorrow night. | ||
| Tomorrow night, Phillip Patrick's going to join us, so we're going to have him here. | ||
| Got so much going on as we run up to the Rio Reset and get you guys, make sure you guys continue to be the smartest guys in the world. | ||
| Also, Jim Rickards. | ||
| I'm trying to get Rickards in this week, too. | ||
| One of our great new contributors, RickardsWarRoom.com. | ||
| Go there to get access to strategic intelligence. | ||
| If you like capital markets, if you like geopolitics, security, national security, intelligence, all that. | ||
| Rick has got it. | ||
| You feel like you're in a C-suite because you are. | ||
| The same information he's given the top chairman and CEOs in the world, you're getting strategic intelligence. | ||
| He throws in a free book. | ||
| Money, Chad GPT, Artificial Intelligence and Currency. | ||
| It'll keep you up at night if you read it. | ||
| Steve Cortez, we've got so much going on. | ||
| I'll get you back on here about this math because I just got this chart from Chip Roy. | ||
| I've been talking to those guys this afternoon. | ||
| We've got to get some, there just has to be some logic pulled together in this thing because the spending right now, the political class is not prepared to do it. | ||
| You're in Rome. | ||
| Give us an update of what's going on. | ||
| It's America Week over there. | ||
| I think a lot of the big donors are in Rome this week. | ||
| What's going on in the conclave? | ||
| Yes, a lot of American clergy, a lot of lay Americans, a lot of big donors here. | ||
| It's a very exciting time, of course, to be in the Eternal City with this transition of power here. | ||
| And, you know, Steve, we are so fortunate to live in times as fascinating as this, what's going on right now here in Rome, as well as what's going on across the Atlantic in America with the patriotic populist movement ascendant. | ||
| And I wrote an article about this, about the future, and I'm so optimistic about the future for America and Rome working together once again in this post-Francis. | ||
| It forms the intellectual, | ||
| philosophical, and theological. | ||
| The most powerful nation-state and the most powerful spiritual institution in the world, when they work in concert, amazing things happen. | ||
| And the greatest example in recent history, of course, is Ronald Reagan and John Paul II, the Great, defeating communism, defeating the Cold War together through political will, through military might, through persuasion, through faith in God, through the spiritual realm. | ||
| I'm making the argument that that can happen again, and it must happen again. | ||
| And part of the reason it must happen again, Steve, is, of course, Western civilization is under assault in the United States and all over the Western world. | ||
| And unfortunately, it really is America's responsibility now because the countries of the old world, Steve, they have almost entirely de-Christianized. | ||
| They are almost entirely secularized. | ||
| And the only real growth and energy in those countries is coming from whom? | ||
| It's coming from the Muslims, not from Christians. | ||
| So this duty, this responsibility rests upon the United States. | ||
| And I believe, though, thankfully... | ||
| To a new leader here in Rome, as well as Donald Trump back in office, and the America First movement, which is still young in the scope of history, continuing to mature into power, that this can be an alliance that truly changes the world. | ||
| And let me be specific, too, what are some of the tactics that are necessary, the actions for that alliance to work? | ||
| Here in Rome, the Vatican needs to stop relying so much on these multilateral organizations and giving such credence to corrupt Davos-style multilateral organizations, the United Nations, the WHO, and so forth. | ||
| It needs to realize that those organizations have been... | ||
| Yeah, but it's not okay. | ||
| Yeah, but that rat's nest and the curia are sophisticated people. | ||
| They know exactly who they're partying with. | ||
| They're not going to read your editorial and go, man, Cortez is brilliant. | ||
| We should stop working with these people. | ||
| They are those people. | ||
| You've got to clean out the rat's nest. | ||
| What we need to do is hit the curia. | ||
| We need to hit the Vatican with a blowtorch. | ||
| With a blowtorch. | ||
| So who's going to be the blowtorch that they're going to pick? | ||
| Do what? | ||
| Absolutely get what you're saying, clearly. | ||
| I'm not saying that this is easy. | ||
| I'm not saying that this is going to be a bowl of cherries. | ||
| That with lay Catholics, not so much the bishops, but with lay Catholics from America leading the way, and the Vatican, by the way, know that... | ||
| This is important. | ||
| The Vatican is totally dependent on American money. | ||
| So we're only 4% of the world's Catholics, but we are the majority of the Vatican budget. | ||
| So, thankfully, America has an outsized say and influence. | ||
| President J.D. Vance... | ||
| I am optimistic that that alliance can be built. | ||
| And frankly, it's also going to take, in addition to diplomacy and action and the right tactics and philosophical arguments, it's also going to take prayer and it's going to take the Holy Spirit. | ||
| But I believe all of that can happen. | ||
| I believe it will happen. | ||
| And if it does, guess what? | ||
| I mean, the stakes couldn't be higher, Steve. | ||
| We save Western civilization. | ||
| We save it for our children and our grandchildren because it's in peril. | ||
| Steve, what's your social media? | ||
| Where do people get you? | ||
| You get a bounce. | ||
| Yeah, please go to cortesinvestigates.com, see this article, all my articles and documentaries, and I'm also at Cortez Steve on the Twitter, at Cortez Steve Cortez with an S. Steve Cortez from Rome, thank you very much. | ||
| Appreciate you. | ||
| The right stuff's going to take us out. | ||
| I think the only solution over there, if you don't come up with a traditionalist or hardcore, you're going to have a schism. | ||
|
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Right? | |
| Dis... | ||
| The shore is the turning of the earth. | ||
| Short break. |
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