May 13, 2025 - Bannon's War Room
59:42
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
Because we're going medieval on these people. | |
| You've not got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you 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. Bannon. | ||
| Okay, Tuesday, it's Tuesday, 13 May, Year of the Lord, 2025. | ||
| By the way, I had Schilling on last night. | ||
| This incredible Axios article written by, I forget one of the guys who wrote it, just amazing, one of the best reporters over there, about saving Western Christendom as the tip of the spear of the MAGA movement. | ||
| It had Schilling and other people, the Posobics of the world, so I had Terry on. | ||
| But in the article, they referenced the fact... | ||
| I always open the show with the, you know, Tuesday 13 May in the year of our Lord 2025. | ||
| Their heads blow up. | ||
| They hate that. | ||
| That's too retrograde for them. | ||
| They actually cited that as one of the, because it's MAGA. | ||
| It's the tip of the, you know, this is what MAGA is focused on. | ||
| You damn right. | ||
| I want to show real quickly. | ||
| I got Solomon on. | ||
| Greatest tee-up ever was Rickards, and we didn't even plan it. | ||
| I was talking about it, and then the break, he goes, hey, I want to talk about Solomon and the Tulsi Gabbard in the report. | ||
| I just want to show, can we just quickly, we don't have to cut his mic on. | ||
| I'll cut his mic on. | ||
| Dave Brett has been with us for an hour. | ||
| I'm not holding you hostage. | ||
| This is not a hostage video. | ||
| You're going to join me with your charts. | ||
| We've had bigs and records and so much news breaking that I am going to get to you. | ||
| Dave, you doing okay, Dave? | ||
| Yeah, I got the numbers. | ||
| We had a huge graduation, graduated 30,000, 60,000 on campus. | ||
| I'm recovered. | ||
| Wow. | ||
| Amazing. | ||
| Just hang on for a second. | ||
| Stick there. | ||
| We got math. | ||
| Ways and Means Committee math. | ||
| That means taxes. | ||
| And Dave Brat's got the charts. | ||
| I want to go to John Solomon. | ||
| So Rickards said that this Tulsi report that she declassified a couple weeks ago, and as you know, he may even have more years than you have, Solomon, of doing this. | ||
| He said it's one of the most shocking things he's ever seen. | ||
| Because it was the U.S. government at the highest levels that were actually going to look at Americans, and something that dwarfed what happened with the FBI and the CIA back in the 60s and 70s. | ||
| You've got more updates on this. | ||
| Once again, tell this audience what this document is, the courage of Tulsi Gabbard to do it in her first 100 days of being in office, and where do we stand with this now, sir? | ||
| Well, the good news is in the statement last night, Tulsi Gabbard made clear that this is no longer an operating document, meaning that no federal law enforcement official shall rely on this 2021 memo written by the Biden White House and its National Security Council. | ||
| changing the standards for how people would be investigated for domestic terrorism. | ||
| And let's just remind people what the standard's been for decades. | ||
| Since those abuses in the 60s and 70s, the FBI has always had a thing called a predicate. | ||
| A predicate requires you, if you're going to open up an investigation, to have a reasonable, factual decision. | ||
| The Biden White House... | ||
| In a classified document that they hid from the American people and from Congress, change that standard in June of 2021 to you can open up and target an American if they're engaged in concerning. | ||
| Non-criminal behavior. | ||
| They eviscerated the civil liberty protections of the 1960s and 70s reforms. | ||
| It meant that if someone was concerned about you, they can open up on you and take the full force of the government. | ||
| It explains why we saw FBI agents out at school board meetings writing down license plates of parents who did no criminal activity, why they were targeting members of the military, why they were going after Catholics and coming up with a plan to spy on Catholics in Latin masses, and why they were looking at gun owners. | ||
| A direct order from the Biden White House to the entire federal law enforcement told you you no longer have to protect civil liberties. | ||
| You can simply investigate someone if they do something that's concerning to you. | ||
| Now, the good news is yesterday, Tulsi Gabbard made very clear. | ||
| First, she declassified the document. | ||
| Now she's made clear that this is no longer an operating document. | ||
| No federal agent should rely on it. | ||
| That's big news. | ||
| The big issue is... | ||
| How many people were targeted between 21 and 25? | ||
| Every one of their names should be made public, and every offense against them should be made public in the next round of disclosures by the Trump administration. | ||
| Are you working on that right now to get the 21 to 25 people, those individual names, released, sir? | ||
| Yeah, we're going to ask for those. | ||
| We're going to file FOIAs from every agency. | ||
| What they did was they criminalized... | ||
| Political dissent. | ||
| This was an effort to use the FBI to silence people who didn't agree with the Biden administration. | ||
| We've all been through it. | ||
| You went through it, Steve. | ||
| I went through it with Hunter Biden. | ||
| The gun owners, the Latin Catholic mass goers, the parents, this is the memo that set that in motion. | ||
| So Solomon's on the case to get the next level. | ||
| Just a side note, the Latin mass was the Richmond office of the FBI is because my parents, who were That's amazing. | ||
| I didn't know that. | ||
| Yeah, yeah. | ||
| I've really never disclosed it, but it was that. | ||
| As soon as I heard about it, I got into it. | ||
| So the FBI targeted, started with that parish, because why? | ||
| Steve Bannon's parents were there. | ||
| But more importantly, this parish is the working class, the deplorables. | ||
| This is the side of the Catholic, the traditionalists that are now kind of fighting the Pope. | ||
| They've got the seven to eight kids. | ||
| Two of them go in the military, either enlist in the Marine Corps or go to the Naval Academy or something. | ||
| Just the most patriotic. | ||
| Amazing. | ||
| This is the Shire, right? | ||
| This is the ones that John McCain used to mock. | ||
| This shows you how depraved it is. | ||
| That's not the Latinx Catholics. | ||
| They went after the best of the best in this country. | ||
| Right? | ||
| They weren't after working-class people. | ||
| They weren't after guns. | ||
| They were trying to destroy traditional America, and they must be held accountable. | ||
| So, Solomon, knowing you're on it is great, but what are we going to do? | ||
| We need hearings. | ||
| We need an investigation. | ||
| We need a special prosecutor. | ||
| This can never be allowed to happen again, brother. | ||
| What are you doing about it? | ||
| It has to create, there has to be such a penalty going forward that no one's even tempted to look in this direction again. | ||
| Right now, that hasn't happened. | ||
| Tulsi started the process. | ||
| I also want to shout at FBI Director Cash Patel, who also put out a statement making clear that the FBI will no longer file this guidance. | ||
| So we have that confirmation. | ||
| People need to be investigated. | ||
| The names of every victim that was targeted under this policy should be made public. | ||
| We're going to work on it. | ||
| And Jim Jordan and Ron Johnson and Chuck Grassley, the brave guys who unraveled prior capers by these law enforcement, they've got to jump into action. | ||
| Let's get some hearings going. | ||
| John Solomon, give me your assessment of what's happening in Saudi Arabia today, the geopolitics of it, the behind the scenes. | ||
| Why is this such a big deal, sir? | ||
| At the end of the Obama years, the fulcrum, the seesaw, was tilted in Iran's direction. | ||
| Iran was the big gorilla in the region. | ||
| Donald Trump leveled off that seesaw in his first term by creating the Abraham Accords and starting to bring Arab Sunnis and Israelis together. | ||
| If this trip results in a deal soon with Saudi Arabia and Israel, maybe Syria and Israel, the fulcrum will be tipped towards the Sunni Arab-Israeli-American alliance and Iran will be isolated like it's never been isolated before. | ||
| And the ability to bring it to its knees and get a peaceful resolution to its long years of violence could be at hand. | ||
| This is one of the most historic trips if that tilting of the seesaw can happen with Donald Trump on this trip. | ||
| John Solomon, where do people go to get just the news, all your content you're putting up, social media, all of it, sir? | ||
| Yeah, thank you so much. | ||
| JustTheNews.com and Jay Solomon Reports is my handle on all social media. | ||
| Brother Solomon, you're on the case. | ||
| I think people feel a lot better about it. | ||
| And a big hat tip to cash. | ||
| Thank you, sir. | ||
| Particularly Tulsi Gabbard. | ||
| She's worked out pretty well. | ||
|
unidentified
|
Thank you, sir. | |
| Yeah, they deserve the credit here. | ||
| And President Trump, we set this in motion. | ||
| President Trump. | ||
| I'm going to go to Dave Bradford. | ||
| Now, we may hear remarks here from the president. | ||
| We're doing a two-box right now. | ||
| He's getting out of his car right there, the President of the United States, in Saudi Arabia. | ||
| As soon as he addresses it, this is all the big shots, the big wits, the world's capital markets are there. | ||
| This is Prince. | ||
| Yeah, take a full screen. | ||
| People see enough of me. | ||
| I ain't looking that good this morning. | ||
| The President Trump... | ||
| In fact, Brett, I'm going to bring in... | ||
| And don't go to Brett. | ||
| I'm going to just hear his disembodied voice. | ||
| Brett, why is this such a big deal? | ||
| The President is about to address this business conference, which you've got Larry Fink, you've got Steve Schwartzman, you've got Katsimatidis, you've got all those billionaires, Elon Musk over there. | ||
| But kind of Elon's just a face in the crowd. | ||
| Why is this a big deal, Brett? | ||
| Well, I think it's called leadership on the world stage. | ||
| The left, like you say, was decrying the worst stock market since the Great Depression. | ||
| They were saying that with a straight face. | ||
| I just checked. | ||
| Stocks keep going up. | ||
| He's reassuring all the countries that he's got a plan. | ||
| So when he goes and talks with all these countries, he's got a plan in his back pocket. | ||
| He's not letting everybody know the full plan. | ||
| But you see the deal with China. | ||
| The rates are still very favorable to us. | ||
| You'll never see that reported by the mainstream press. | ||
| The markets jumped way up. | ||
| He's working all the elements at the same time. | ||
| Hang on. | ||
| Slow down. | ||
|
unidentified
|
Slow down. | |
| Our reshoring guy is saying this is not – he likes the tariffs of what he's doing, but he's saying, hey, he's taking out some of the fundamental building blocks of reshoring, bringing jobs back here. | ||
| Your thoughts, sir? | ||
| Well, it's kind of like the budget package we're going to talk about, right? | ||
| You've got to keep some of your friends on hand. | ||
| And so he's got other strategic interests he's pursuing. | ||
| That involve national defense, national security. | ||
| You just heard the petrodollar discussion with our friend. | ||
| There's a lot of moving parts, and that's what he's really good at. | ||
| He's good at watching. | ||
| I'm going to throw tariffs at the world huge, see what the bond market says, see what the countries say, respond to that. | ||
| And he's gathering information about who's our friends, who's being a smart aleck behind his back. | ||
| Who's not being pro-America? | ||
| And he has the ability, somehow, no other, I've never seen any other president come close to this, but the energy package, the economic package, the budget package, and then people get upset at these little one-off, you know, disturbances. | ||
| Well, of course there's disturbances, but they don't have an alternative. | ||
| Robert Reich, for example, in the article I think you referenced yesterday. | ||
| Dave, hang on a second. | ||
| I want you to get to the right thing. | ||
| I just want to explain what people are watching. | ||
| And I want to keep that full screen. | ||
| The president is in this center. | ||
| There's going to be a massive business conference. | ||
| This is kind of the heart of why people are there at the Saudi trip. | ||
| There's going to be a huge dinner tonight, but President Trump is there with, obviously, the MBS and the senior officials. | ||
| He's going to be making an address. | ||
| We will pick that up live as soon as it starts. | ||
| We're going to keep the camera right there. | ||
| Amazing, amazing images of President of the United States. | ||
| They're treating him like royalty, are they not? | ||
| I mean, this is even above and beyond what a normal President of the United States gets, sir? | ||
| Yeah, no, that's right. | ||
| And, you know, I left off that the most important part of business is doing business, and there's no one better. | ||
| And instead of having the government involved in every element of our lives, look what he's doing. | ||
| He's doing business-to-business deals. | ||
| We try to do that. | ||
| I try to do that with Liberty University. | ||
| All political comments are my own on these shows. | ||
| But that's the best way to do it. | ||
| You make friends. | ||
| You'll notice his language, even toward China. | ||
| We want them to be better off. | ||
| We want to be better off. | ||
| But they're the ones that are not playing by the rules, right? | ||
| The monopolies, the tyrants, the communists, they don't play by the American business rules. | ||
| Trump's an entrepreneur. | ||
| He wants everyone to be very successful. | ||
| He wants what's best off for people. | ||
| He wants people to quit dying on the battlefield. | ||
| All of his remarks have a huge moral component to him. | ||
| He doesn't like wearing that on his sleeve. | ||
| Look, in the Middle East, he's realigning every major region, right? | ||
| Asia, Africa, it can't wait to meet with him. | ||
| They're all pitching deals. | ||
| I've been following some of that in the backdrop. | ||
| The India, Modi is with him. | ||
| That's the second country, you know, in terms of population weight compared with China. | ||
| And so he's being the maestro here. | ||
| The left, I think, should be a little horrified at the success he's encountering. | ||
| When you see that everybody likes him wherever he goes, that's a pretty good sign. | ||
| Iran, you've been talking about, he's keeping them at bay. | ||
| He's going to make sure they don't get a nuke. | ||
| He's made that very clear. | ||
| They will listen to us. | ||
| He's giving everyone else talking points and hints on what direction they should be moving, right? | ||
| When you come to make a pitch a deal with me, I want to see some favorable terms. | ||
| Maybe I'll negotiate and give you some favorable terms. | ||
| But you better be coming with terms that are favorable to the U.S. and the American worker and global growth. | ||
| And so he's a win-win guy, and that's what you're seeing right in front of you on the TV screen. | ||
|
unidentified
|
So, it's just amazing. | |
| He's going to address this here shortly. | ||
| That's why... | ||
| This whole thing, and particularly this budget, we'll get into this maybe now because we're having time. | ||
| If President Trump starts talking, we can hear it. | ||
| We're going to go live to that. | ||
|
unidentified
|
Sure. | |
| This is why Birch Gold entered the dollar empire. | ||
| Lula of Brazil is in Beijing today. | ||
| She just got back from Moscow three days. | ||
| They signed like 50 different documents, and I keep saying they look like two teenagers on their first date. | ||
| Putin, and you see them in the box watching the... | ||
| Quite frankly, amazing parade they had for the end of the 80th anniversary of Victory in Europe Day, which there are 25 to 35 million dead Russians on the battlefield. | ||
| They definitely had something to celebrate. | ||
| The BRICS, and you got Brazil, and Lula was there with them in the box. | ||
| So you had Brazil, Russia, and China. | ||
| The only guy they were missing was Modi. | ||
| So people ought to know this thing in Rio is damn serious. | ||
| This is why we've been covering it for four years. | ||
| End of the dollar empire. | ||
| Birchgold.com slash Bannon. | ||
| Get the Rio reset. | ||
| Get up to speed. | ||
| Be the smartest person in the room. | ||
| That's not where we're doing it. | ||
| That's a side deal. | ||
| But it doesn't help people start listening to you when you start speaking. | ||
| Dave Bratt, as we've got this, we're watching the president at this kind of massive conference center. | ||
| Talk to me about ways and means. | ||
| Today there's going to be a markup. | ||
| We are going to have Burchett and Eli on this evening. | ||
| But walk me through the ways and means. | ||
| This tax thing is kind of making my brain hurt, sir. | ||
| Yeah, it should. | ||
| You know, the Congress and the Senate were tasked with passing the Trump agenda. | ||
| Some of that is in the bill. | ||
| The Ways and Means is the super committee, right? | ||
| It's the money committee that does all the taxes. | ||
| So when you look at all the other 11 committees, they're responsible. | ||
| Energy was responsible for saving a lot of money. | ||
| But I think it's less than a trillion. | ||
| And then the tax piece kicks in. | ||
| But those numbers are getting huge when you not only lower the rates, but then they also added a lot of other exemptions and pass-throughs and other stuff that not everyone was expecting. | ||
| And so if you add it all together with the reconciliation bills released so far, and including interest costs, which everyone remembers from a year or two ago on this show, that's over in the mandatory piece. | ||
| So that's a trillion that's not showing up on paper here. | ||
| These would add up, the Ways and Means would add up roughly $6 trillion in debt and $7 trillion if they're made permanent. | ||
| And so we had back in 2017 what was called the TCJA, the Tax Cuts and Jobs Act. | ||
| As one acronym, we need to get under our belts in the war room. | ||
| The nomenclature, the TCJA. | ||
| When you see that, don't freak out. | ||
| That's just the Tax Cutting Job Act. | ||
| That was kind of the baseline from 17. This year, we're adding to that. | ||
| Quite substantially. | ||
| That was about $3.5 trillion in total. | ||
| Now the Ways and Means has the TCJA extension deficit impact up from $3.5 trillion to $5 trillion, largely due to changes in the itemized and other deductions. | ||
| That used to save us somebody. | ||
| We got rid of some of the deductions. | ||
| Back then, about a $1.5 trillion savings. | ||
| And we got rid of a trillion of that. | ||
| So the numbers are going up. | ||
| And as Biggs mentioned, and as you were going over with him, all this adds up to roughly $2 trillion to $2.5 trillion deficits per year going forward. | ||
| And a lot of congressmen and women and senators are coming. | ||
|
unidentified
|
Ho, ho, ho. | |
| Slow down. | ||
| Slow down. | ||
| Not so fast. | ||
| How do you derive that number, the $2 to $2.5 trillion? | ||
| Well, that's the entire budget going so far. | ||
| And then you see Ways and Means adding a little bit to it. | ||
| And then the other committee subtracting a little bit from it. | ||
| But overall, it's probably going up a little bit. | ||
| With all the language coming in, and then the Congress members are saying, well, we've got to do, you know, what we really have to get to is spending reductions. | ||
| Duh, right? | ||
| And that's the whole problem, right? | ||
| The revenues, as EJ said, are at highs. | ||
| The spending's out of whack. | ||
| It doesn't look like they're getting to the spending cuts. | ||
| That's the problem. | ||
| And without those further offsets, the spending cuts are called offsets in this tax lingo. | ||
| That'll boost our debt to 134% of GDP. | ||
| By 2034, right? | ||
| 10 years out. | ||
| Hang on, professor. | ||
| You're going economist on it. | ||
| I think it's great. | ||
| Correct me if I'm wrong. | ||
| We have two things here. | ||
| Number one, we're trying to get deficit as percentage of GDP from 6.5% or 7%, which is not sustainable. | ||
| Everybody says that, including Secretary Besson and the president. | ||
| Down to, not to zero, which Dave Brett, Steve Bannon, and the Warren Posse would like to be, but to at least a level set at 3.5%, right? | ||
| And we're supposed to be on a glide slope that gets us there quickly, rapidly. | ||
| Offsetting that is the theory that it's just not cuts, but this is the last chance, as Scott Besson said over and over again, the last chance for... | ||
| By the way, they walk in the present, I hope. | ||
| It's like a two-mile walk. | ||
| No, this is like two. | ||
| I hope so. | ||
| President heads up. | ||
| He would have brought his clubs and played through. | ||
| I kind of don't get this. | ||
| Is there an orb at the end of this? | ||
| Is that where they're going back to? | ||
| Just kidding. | ||
| This is the last of the supply side opportunities, and that means to drive up the growth rate from 1.78 or 2 to 2.5, 3, 3.5, whatever. | ||
| Is your sense, are we missing that? | ||
| Because what I see on the supply side, the parts of the business stuff I like, which is the R&D and capital expenditure, there's not permanent. | ||
| That's just around when Trump's around. | ||
| Of course, Trump's going to win in 2020, so he'll be around for a while, but we're still, in case they steal it, we still got to get worried. | ||
| They don't make that part of the permanent. | ||
| And tell people why, it's not the gimmick, but what's this thing about... | ||
| Permanent versus not permanent. | ||
| Why is so many things not permanent? | ||
| What cost does that add? | ||
| Because this whole thing is kind of gimmicky anyway using reconciliation, right? | ||
| It's this kind of weird parliamentarian move. | ||
| Explain to people what this is so they know the voodoo that we're working with. | ||
| Yeah, well, and so the ways and means we're talking today, the charts, and I'll post them, have mainly to do with tax policy. | ||
| And so do I get the sense that we're doing the right thing there? | ||
| No, because we went way beyond a trillion dollars beyond the Tax Cut and Jobs Act with a trillion dollars getting rid of itemized and other deductions. | ||
| Those are pro-voter, but not pro-growth. | ||
| And so you're keying right in on what matters, the write-offs that... | ||
| Big mention on capital machinery. | ||
| Capital is the number one driver of economic growth. | ||
| I've been saying that for four years. | ||
| We don't have enough of that. | ||
| Now we've run out of runway, right? | ||
| We have spending through the roof. | ||
| We have not cut. | ||
| And then we're doing a tax cut package that's a trillion and a half bigger than the tax cut package back in 2017. | ||
| And so they have to limit it somewhere. | ||
| And so they limited it. | ||
| Making some of that permanent has to do with scoring what all they add into the tax cut package, right? | ||
| And so they're trying to minimize the political damage just as a thought experiment. | ||
| Just say, why don't we just cut tax to zero? | ||
| Since they're good, and no one wants to do that thought experiment on our side. | ||
| Of course, that would be great, but you've got to plug the holes in the meantime, and you've been bringing that point out loud and clear. | ||
| Let's go, but we're gonna get the feedback up. | ||
| There we are. | ||
| We got audio. | ||
| Let's listen to some audio here for a second. | ||
|
unidentified
|
Thank you. | |
| Thank you. | ||
| Assalamu alaikum wa rahmatullahi wa barakatuh, Your Royal Highness, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and the 45th and 47th President of the United States of America, Mr. Donald Trump. | ||
| Ladies and gentlemen, it's truly an honor to welcome you all to the Saudi U.S. Investment Forum here in the vibrant capital of Riyadh. | ||
| I'm Mohamed Dakhil, a Saudi journalist and TV presenter, and it's my great pleasure to be here with you today. | ||
| As we experience a living expression of one of the most influential bilateral relationships in the modern world, the strategic partnership between the Kingdom of Saudi Arabia and the United States of America. | ||
| And today, here in this room, it manifests In a very tangible, dynamic form, with 140 distinguished global speakers, 2,500 delegates in attendance with us today, 15 pivotal panel discussions and focused dialogues across very critical sectors. | ||
| And at the center of this momentum are the Strategic Economic Partnership Agreements. | ||
| Signed today: We're talking about 145 investment agreements totaling more than 300 billion US dollars. | ||
| What a momentum. | ||
| What a moment. | ||
| Yes. | ||
| Oh yes. | ||
| This is really energetic. | ||
| And we have with us... | ||
| The business leaders representing the Strategic Economic Partnership Agreements. | ||
| To commemorate this moment, I'm deeply honored to welcome His Royal Highness Prince Mohammed bin Salman bin Abdul Aziz Al Saud, the Crown Prince and Prime Minister, and the 45th and 47th President of the United States of America, Mr. Donald J. Trump. | ||
| Welcome. | ||
| Please join the business leaders representing the strategic economic partnership agreements for a memorable photograph. | ||
| Ladies and gentlemen, a big round of applause and a deep appreciation for this moment and for our distinguished leaders. | ||
| Thank you. | ||
| We witness this moment that reflects the trust and determination shared by two nations to move forward together. | ||
| As you can see, the leaders at the center of this frame shaping the next phase of prosperity for both nations, the Kingdom of Saudi Arabia and the United States of America. | ||
| Thank you. | ||
| And now, distinguished guests, I'm deeply and truly honored to welcome His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister to deliver his speech. | ||
| Welcome, Your Royal Highness. | ||
| The stage is yours. | ||
| What a moment, what a moment, what a moment. | ||
| Thank you. | ||
| Thank you very much. | ||
| Okay, we're going to have a translation of this momentarily, folks. | ||
| We're at this massive conference, this massive conference, and what an entrance of President Trump after walking two miles, right? | ||
| He's like, played the back nine. | ||
| This is this huge conference. | ||
| You already heard the announcement, $300 billion. | ||
| They're going to get up there and they're going to have these, you know, talk about the different individual business ventures, business opportunities. | ||
| This is about bringing capital to the United States. | ||
| President Trump, one of his top priorities. | ||
| And you're going to give me a heads up. | ||
| My crack staff here is going to give me a heads up when they've had a slight technical problem, which is they kind of didn't put the translation up. | ||
|
unidentified
|
You have to have that to make sure you understand this. | |
| Why is this geopolitically so important? | ||
| Let's keep that full screen update. | ||
|
unidentified
|
Perfect. | |
| Why is this geopolitically so important? | ||
| This is kind of the Gaffney's thing yesterday. | ||
| This region right here, they won the lottery. | ||
| The lottery is they got oil, like you can't believe, can be taken out of the ground at the lowest cost, I think, anywhere. | ||
| And of course, it's in the epicenter of India and China, which have virtually no natural resources when it comes to energy. | ||
| So the Southeast Asia, India, South Asia, which is exploding, needs this like mother's milk. | ||
| And so now they're trying to take, and this is what MBS with Vision 2030 has tried to do. | ||
| With Vision 2030 has sat there and tried to redirect the investments, and they're trying to put it into artificial intelligence, and they're trying to put it in advanced chip design, or at least financing that, and they're going to put a bunch of this into the United States. | ||
| Really an extraordinary conference. | ||
| With Gaffney Air State, this is, and remember, in 2017 when we went over, it was Qatar that would not sign the Memorandum of Understanding on tariff financing. | ||
| And it caused a big brouhaha. | ||
| Because one of the principal reasons we were there is President Trump wanted to make sure that we had an agreement to kind of stop. | ||
| He was saying, hey, we're going to stop this nonsense on jihad throughout the world, but particularly coming to the United States of America. | ||
| And Trump did not have one terror attack in his entire four years, which he had shut down and was out of control towards the end of the Obama years, both in Europe and in the United States. | ||
| And right after that conference in May, UAE... | ||
| MBZ, Mohammed bin Zayed, who's kind of the hammer in that area, the Emiratis, UAE. | ||
| He's out of Abu Dhabi. | ||
| But they control the financial capital of the Persian Gulf area. | ||
| I guess we're changing it to the Arabian Gulf. | ||
| That's one of the things we're going to do in the next couple of days, which is Dubai. | ||
| That's one of the new big financial centers of the world. | ||
| And the Saudis basically kind of went to war with Qatar. | ||
| It was essentially a kind of a brutal encircling cutter and trying to cut them off. | ||
| And so here you're seeing actually the codification of a ton of investment opportunities between taking really excess cash generated by Saudi Arabia, UAE, the other Emiratis, and essentially doing arrangements, deals, etc., to put that cash, a lot of it, back in the United States of America. | ||
| But I don't think you see. | ||
| And so MBZ in Saudi Arabia were the two. | ||
| Yes. | ||
| Yes. | ||
| Let's go to President Trump. | ||
| We got this. | ||
|
unidentified
|
Let's go. | |
| From sea to shining sea From Detroit down to Houston And New York to LA Where there's pride in every American heart And it's time we stand and say Well, | ||
| thank you very much. | ||
| It's an honor to be here. | ||
| What a great place. | ||
| What a great place, but more importantly, what great people. | ||
| I want to thank His Royal Highness, the Crown Prince, for that incredible introduction. | ||
| He's an incredible man. | ||
| Known him a long time now. | ||
| There's nobody like him. | ||
| Thank you very much. | ||
| Appreciate it very much, my friend. | ||
| And it's a tremendous honor to return to this beautiful kingdom and be welcomed back with such extraordinary generosity and warmth. | ||
| I've never forgotten the exceptional hospitality show to us by King Solomon, who's just... | ||
| We talk about a great man. | ||
| That is a great man. | ||
|
unidentified
|
That is a great man, a great family. | |
| Now, that visit took place exactly eight years ago. | ||
| The graciousness of the royal family and the Saudi people is really unsurpassed, no matter where you go. | ||
| Let me also thank the countless ministers, government officials, business leaders, and distinguished guests for that warm welcome. | ||
| Very warm, and I know so many of you. | ||
| I'd like to call out all of your names, but we'd have a lot of problems. | ||
| We'd be here for a long time. | ||
| We don't want that, so don't be upset. | ||
| With this historic state visit, we celebrate more than 80 years of close partnership between the United States and the Kingdom of Saudi Arabia. | ||
| Ever since President Franklin Roosevelt met with King Solomon's father, King Abdul Aziz, aboard the USS Quincy in 1945, the U.S.-Saudi relationship has been a bedrock of security and prosperity. | ||
| Today we reaffirm this important bond and we take the next steps to make our relationship closer, stronger and more powerful than ever before. | ||
| It is more powerful than ever before. | ||
| And by the way, it will remain that way. | ||
| We don't go in and out like other people. | ||
|
unidentified
|
You want to remain that way? | |
| I've come this afternoon to talk about the bright future of the Middle East, but first, let me begin by sharing the abundance of good news from a place called America. | ||
| In less than four months, our new administration has achieved more than most other administrations accomplish in four years or even eight years. | ||
| We've actually done, for the most part, more. | ||
| The day I took office, we inherited. | ||
|
unidentified
|
Thank you. | |
| Thank you. | ||
| The day I took office, we inherited a colossal invasion on our southern border, an invasion like you'd never want to see here. | ||
| Nobody should ever want to see it. | ||
| But within weeks, we slashed illegal border crossings to an all-time low, down 99.999%. | ||
| That's good, even for this great gentleman standing right in front of me. | ||
| That's a good number. | ||
| We had hundreds of thousands of people that came in at the same time last year. | ||
| And last month, we had, in this massive border, three people that got in. | ||
| That's quite a difference. | ||
| And we have no choice but to get a lot of the people that came in because they were not the best people. | ||
| They were, in many cases, very bad people. | ||
| We're getting them out. | ||
| We're getting them out very fast. | ||
| We're bringing them back to where they came from. | ||
| We have no choice. | ||
| After years of military recruiting shortfalls, enlistments in the U.S. Armed Forces are now the highest in 30 years because there is such an incredible spirit in the United States of America. | ||
| We have tremendous spirit again. | ||
| Just about a year ago... | ||
| It was a big story, front page on every paper all over the world, that nobody wanted to enlist in our military, meaning we were way under enlisted. | ||
| And just last week it came out that we had the strongest enlistment, they say 30 years, but probably it's maybe ever. | ||
| They don't go back that far. | ||
| It's the best, and that includes police officers, firemen, everything else is a great spirit in the United States right now. | ||
| A brand new... | ||
| Paul from Rasmussen just showed that the number of Americans who believe the nation is on the right track, they have a right track, wrong track, is now the highest in over 20 years. | ||
| And it hasn't been anything like this because for many years it was the wrong track. | ||
| And I can tell you for the last four years it was definitely the wrong track. | ||
| But it's the highest it's been in many, many years. | ||
| We renamed the Gulf of Mexico. | ||
| Into the Gulf of America. | ||
| That was very popular, other than perhaps with Mexico. | ||
| And most importantly for the people in this room, the days of economic misery under the last administration are rapidly giving way to the greatest economy in the history of the world. | ||
| We are rocking. | ||
| The United States is the hottest country, with the exception of your country, I have to say, right? | ||
| I won't. | ||
|
unidentified
|
I'm not going to take that on. | |
| No, Mohammed, I'm not going to take that on. | ||
| Wouldn't that be a terrible thing if I made that full statement? | ||
| But I will not do it. | ||
| You're hotter. | ||
| At least as long as I'm up here, you're hotter. | ||
| But groceries, gasoline, energy, and all other prices are down with no inflation. | ||
| We have no inflation in a few short weeks. | ||
| We've created 464,000 brand new. | ||
| Think of that. | ||
| Almost a half a million jobs created just in a matter of weeks. | ||
| We just reached a historic trade agreement with the United Kingdom, and over the weekend we reached a breakthrough agreement with China. | ||
| Both outstanding deals. | ||
| China's agreed. | ||
| We have to get it down. | ||
| We have to get the little details down. | ||
| Scott, you're going to work on that very hard, but China's agreed to open up to the United States for trade and everything else. | ||
| But they have to do it, so we'll see what happens. | ||
| But we had a very, very good meeting with both of those countries. | ||
| We are cutting 10 old regulations for every new regulation. | ||
| We're getting rid of all of the red tape that is... | ||
| So many, frankly, countries, as they get older, they develop a lot of red tape, and we're getting rid of it. | ||
| We're getting rid of it at record levels. | ||
| And I'm pleased to report that the United States Congress is on the verge of passing the largest tax cut and regulation cut in American history. | ||
| We think we're in good shape to get that. | ||
| And if we get that, that will be like a rocket ship for our country. | ||
| In the first quarter of the year, the investment in America was up an astounding 22 percent, more than... | ||
| $10 trillion of new investments have been announced or are coming just since the election on November 5th. | ||
| So think of that. | ||
| In a very short period of time, we have over $10 trillion, and it could be much higher than that. | ||
| Not everybody comes to the White House to have a news conference that they're going to be opening up in America, but they're all coming in at numbers that we've never seen before. | ||
| If you take a look at Other presidencies, they wouldn't do $1 trillion sometime in years. | ||
| We did this in essentially two months because, you have to say, we got into office and they gave me about a month to clean up and fix up the Oval Office. | ||
| And after that, we started working. | ||
| And the money is pouring in, the jobs are pouring in, the companies are pouring into our country like we've never seen before. | ||
| There's never been anything like it. | ||
| And we let other people... | ||
| Tariff us into losing a lot of money and a lot of jobs, and now we're tariffing them. | ||
| And it's at a level that nobody's seen. | ||
| It's a level that is making us a very much different country and a very different Republican Party. | ||
| We won a tremendous... | ||
| Victory in November. | ||
| We won all seven swing states. | ||
| The popular vote by millions and millions of votes. | ||
| The Electoral College, we won by 312 to 226. | ||
| Remember they said, well, we could get to 270. | ||
| Now we got to 312. | ||
| That's a big difference. | ||
| And very importantly, we won counties throughout the United States 2,660 to 451. | ||
| That's why when you look at a map, they're all red. | ||
| So the whole country is red. | ||
| Red stands for Republican. | ||
| From the moment on and from the moment we started, we've seen wealth that just poured and is pouring back into America. | ||
| Apple is investing $500 billion. | ||
| NVIDIA is investing, and I see my friend is here. | ||
| Jensen, that's very good, wherever you may be. | ||
| Thank you very much, because he's putting in $500 billion. | ||
| TSMC is investing. | ||
| Where is Jensen, by the way? | ||
| Where is he? | ||
| He's standing here. | ||
| Where is he? | ||
| I just saw that. | ||
| Thank you very much, Jensen. | ||
| I mean, Tim Cook isn't here. | ||
| But you are. | ||
| What a job you've done. | ||
| He said he's got 99% of the chip market. | ||
| I don't know. | ||
| That's a big... | ||
| That's not easy to beat. | ||
| But what a job you've done. | ||
| Thank you. | ||
| We are proud to have you in our country. | ||
| You know that. | ||
| Thank you for the investment. | ||
| TSMC is investing $200 billion. | ||
| And with this trip, we're adding over $1 trillion more in terms of investment and investment into our country and buying our products. | ||
| You know, nobody makes military equipment like us. | ||
| We have the best military equipment, the best missiles, the best rockets, the best everything. | ||
| Best submarines, by the way. | ||
| Most lethal weapon in the world. | ||
| In addition to purchases of $142 billion of American-made military equipment by our great Saudi partners, the largest ever. | ||
| This week there are multi-billion dollar commercial deals with Amazon. | ||
| Oracle, AMD, they're all here. | ||
| Uber, Qualcomm, Johnson& Johnson, and many, many more. | ||
| So I want to congratulate everybody. | ||
| So many great business executives, many of you, most of you I know. | ||
| And they're coming in, you know, about a month ago. | ||
| They weren't that happy when they saw me. | ||
| And now they're saying, sir, you're doing a great job. | ||
| Thank you very much. | ||
| It's amazing what a rising market will do. | ||
| Oh, it's going to get a lot higher. | ||
| In fact, I told people five weeks ago, this is a great time to buy. | ||
| I got criticized for that. | ||
| Now they don't criticize me anymore. | ||
| People should have listened. | ||
| But it's going to go a lot higher. | ||
| You see, we've never had anything like this happen. | ||
| It's an explosion of investment and jobs and great companies are coming in. | ||
| Never seen anything like it. | ||
| There's no better place to make a future or make a fortune. | ||
| Do anything, frankly, than What we have in the United States of America under a certain president, Donald J. Trump. | ||
| I have the right attitude. | ||
| I have the same attitude that the people in the front row, second row, third row have. | ||
| As you get back, perhaps they start to wane a little bit in terms of their view. | ||
| But they understand. | ||
| And we're doing what a lot of smart people would do. | ||
| And we're not necessarily being politically correct. | ||
| You saw what we did yesterday with health care. | ||
| We've cut our health care. | ||
| By 50 to 90 percent, you're going to see drugs and pharmaceuticals come down at numbers that nobody has ever seen. | ||
| And drugs, pharmaceuticals, we think, will be dropping. | ||
| And a redistribution of costs with other nations, which really took advantage of a very nice group of people that ran our country. | ||
| But not only is this a time of incredible excitement in the United States, it's also an exhilarating period right here in the Arabian Peninsula. | ||
| Beautiful place, by the way. | ||
| Beautiful place. | ||
| Exactly. | ||
| Thank you. | ||
|
unidentified
|
Thank you. | |
| Exactly eight years ago this month, I stood in this very room and looked forward to a future in which the nations of this region would drive the forces of terrorism and extremism, drive them right out of existence. | ||
| And take your place among the proudest, most prosperous, most successful nations anywhere in the world as leaders of a modern and rising Middle East. | ||
| So exciting. | ||
| So exciting. | ||
| Mohammed, do you sleep at night? | ||
|
unidentified
|
How do you sleep? | |
| Huh? | ||
| Just thinking. | ||
| What a job. | ||
| He tosses and turns like some of us. | ||
| Tosses and turns all night. | ||
| How do I make it even better all night? | ||
| It's the ones that don't toss and turn. | ||
| They're the ones that will never take you to the promised land, won't they? | ||
| But you have done some job. | ||
|
unidentified
|
True. | |
| But critics doubted that it was possible what you've done. | ||
| But over the past eight years, Saudi Arabia has proved the critics totally wrong. | ||
| The transformation that has occurred even by these incredible business leaders. | ||
| I mean, you had the biggest leaders in business anywhere in the world standing right before us. | ||
| But the transformation that has occurred under the leadership of King Salman and Crown Prince Mohammed has been truly extraordinary. | ||
| Such a thing has, I don't think, ever happened before. | ||
| I've never seen anything at that scale happen before. | ||
| And I guess, you know, maybe you could say the United States is doing pretty well, too, you know, but I don't think too many people have seen that happen before. | ||
| Majestic skyscrapers, the towers that I see, the difference between now and eight years ago, and eight years ago was very impressive, but the towers that I see rising, some of the exhibits that I was shown by Mohammed, if... | ||
| What I've seen there is just an amazing process, an amazing genius. | ||
| So many people, architecture, but I have a feeling I know where many of those ideas came from. | ||
| Happens to be sitting right in this room right before me. | ||
| But the towers and all of the different... | ||
| I've seen a lot of different towers. | ||
| I didn't think there's any version of a tower. | ||
| That I haven't seen in one form or another. | ||
| I just passed four exhibits. | ||
| I have never seen anything like any of them. | ||
| So it's going to be very exciting. | ||
| And they sit among the ancient wonders of a growing and exciting city. | ||
| It's really amazing. | ||
| Riyadh is becoming not just a seat of government, but a major business, cultural and high-tech capital of the entire world. | ||
| The World Cup is here. | ||
|
unidentified
|
Johnny, just stand up, Johnny. | |
| Johnny, thank you, Johnny. | ||
|
unidentified
|
Thank you. | |
| Great job, Johnny, great job. | ||
| But the World Cup and the World Expo will soon be coming here, just like the World Cup is coming to the United States. | ||
| It's going to be... | ||
| Really exciting next year. | ||
| The engines of Formula One racing now roar through the streets of Jeddah in a historic milestone. | ||
| Other industries recently surpassed oil. | ||
| Think of it. | ||
| All of your other industries now have surpassed oil. | ||
| I don't know if a lot of people will understand what that means. | ||
| It's so big to make up a majority of the Saudi economy for the very first time ever. | ||
|
unidentified
|
So think of that. | |
| Other industries are now bigger even than oil, which is always going to be a big monster. | ||
| It's a big one. | ||
| But that's a great tribute to you and economic development properly used. | ||
| In other cities throughout the peninsula, places like Dubai and Abu Dhabi, Doha, Muscat, the transformations have been unbelievably remarkable. | ||
| Before our eyes, a new generation of leaders is transcending the ancient conflicts of Tired divisions of the past and forging a future where the Middle East is defined by commerce, not chaos, where it exports technology, not terrorism, and where people of different nations, religions, and creeds are building cities together, not bombing each other out of existence. | ||
|
unidentified
|
We don't want that. | |
| And it's crucial for the wider world to note this great transformation has not come from Western interventionists or flying people in beautiful planes giving you lectures on how to live and how to govern your own affairs. | ||
| No, the gleaming marvels of Riyadh and Abu Dhabi were not created by the so-called nation-builders, neocons, or liberal non-profits like... | ||
| Those who spent trillions and trillions of dollars failing to develop Kabbalah, Baghdad, so many other cities. | ||
| Instead, the birth of a modern Middle East has been brought by the people of the region themselves, the people that are right here, the people that have lived here all their lives, developing your own sovereign countries, pursuing your own unique visions and charting your own destinies. | ||
| Your own way. | ||
| It's really incredible what you've done. | ||
| In the end, the so-called nation builders wrecked far more nations than they built, and the interventionalists were intervening in complex societies that they did not even understand themselves. | ||
| They told you how to do it, but they had no idea how to do it themselves. | ||
| Peace, prosperity, and progress ultimately came not from a radical rejection of your heritage. | ||
| but rather from embracing your national traditions and embracing that same heritage that you love so dearly. | ||
| And it's something only you could do. | ||
| You achieved a modern miracle, the Arabian way. | ||
|
unidentified
|
That's a good way. | |
| Today, the Gulf nations have shown this entire region a path towards safe and orderly societies with improving quality of life, flourishing economic growth, expanding personal freedoms, and increasing responsibilities on the world stage. | ||
| After so many decades of conflict, finally it is within our grasp to reach the future that generations before us Could only dream about a land of peace, safety, harmony, opportunity, innovation, and achievement right here in the Middle East. | ||
| So beautiful. | ||
| It's such a beautiful thing that's happening. | ||
| I guess, you know, the people that are here can't even really appreciate it because you see it happening, and it's when you come to a place that you haven't seen in five years or ten years or twenty years that it's even more incredible. | ||
| When I left office just over four years ago, that future seemed almost impossible, what you've done. | ||
| Together, we had obliterated the killers of ISIS. | ||
| We wiped them out and terminated its founder and leader, al-Baghdadi. | ||
| We had healed the divide in the Gulf Cooperation Council. | ||
| It's a very big deal. | ||
| And united the nations of the region to stand against the enemies of all civilization. | ||
| We'd imposed unprecedented sanctions on Iran and starved the regime of resources to fund terror. | ||
| They were unable to fund anything because they had no money left. | ||
| They had no money. | ||
| But the new administration came in and let them have a lot of money, and you saw what happened. | ||
| It was not money well spent. | ||
| And with the historic Abraham Accords that we're so proud of, all the momentum was aimed at peace. | ||
| And it's aimed very successfully. | ||
| It's been an amazing thing, the Abraham Accords. | ||
| And it's my fervent hope, wish, and even my dream that Saudi Arabia, a place I have such respect for, especially over the last fairly short period of time, what you've been able to do, but will soon be joining the Abraham Accords. | ||
| I think it'll be a tremendous tribute to your country. | ||
| And it will be something that's really going to be very important for the future of the Middle East. | ||
| I took a risk in doing them, and they've been an absolute bonanza for the countries that have joined. | ||
| The Biden administration did nothing for four years. | ||
| We would have had it filled out. | ||
| But it will be a special day in the Middle East with the whole world watching when Saudi Arabia joins us. | ||
| And you'll be greatly honoring me, and you'll be greatly honoring all of those people that have fought so hard for the Middle East. | ||
| And I really think it's going to be something special. | ||
| You'll do it in your own time, and that's what I want, and that's what you want, and that's the way it's going to be. | ||
| When I left office, the only thing still standing between this region and its unbelievable potential was a small group of rogue actors and violent thugs seeking constantly to drag the Middle East backward and into havoc, mayhem, and indeed into war. | ||
| Unfortunately, instead of confronting these destructive forces, the last U.S. administration chose to enrich them and empower them and give them billions and billions of dollars. | ||
| The Biden administration, the worst administration in the history of our country, by the way, spurned our most trusted and long-standing Gulf partners, and I can say partners worldwide. | ||
| One of our great, great partners, no matter who we look to, and we have great partners in the world. | ||
| But we have none stronger and nobody like the gentleman that's right before me. | ||
| He's your greatest representative. | ||
|
unidentified
|
Greatest representative. | |
| And if I didn't like him, I'd get out of here so fast. | ||
| You know that, don't you? | ||
| He knows me well. | ||
| I do. | ||
| I like him a lot. | ||
| I like him too much. | ||
| That's why we give so much. | ||
|
unidentified
|
You know? | |
| Too much. | ||
| I like you too much. | ||
| Great guy. | ||
| They lifted sanctions on Iran in exchange for getting nothing and sent the regime tens of billions of dollars to fund terror and death all over the world. | ||
| And they laughed at him. | ||
| They laughed at our leader. | ||
| And they're still laughing at our leader. | ||
| They thought him a fool. | ||
| And they made nothing but trouble ever since, including the funding of October 7th, one of the worst days ever in the history of the Middle East. | ||
| Horrible day. | ||
| Biden removed the Houthis from the list of foreign terrorist organizations, even while missiles and drones were being launched right here at your beautiful city of Riyadh and launched at ships if they happened to be sailing in the wrong location. |
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