June 3, 2025 - Bannon's War Room
48:48
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies, because we're going medieval on these people. | ||
| Here's one time 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
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War Room. | |
| Here's your host, Stephen K. Mann. | ||
| It is Tuesday. | ||
| Not Thursday. | ||
| Tuesday, 3 June, Eurovalor 2025. | ||
| The reason I'm thinking Thursday is the head of the German government is coming. | ||
| Thursday is going to be a big day, folks. | ||
| Monica Crowley, one of my favorite people. | ||
| Long-time friend. | ||
| Just a total hammer. | ||
| I have a question about confirmations. | ||
| You know, we go fix band nets on confirmations, but in yours, how does somebody be the aide-de-camp to Richard Nixon? | ||
| In the wilderness years, in the dark years. | ||
| Last years. | ||
| Last years. | ||
| And how do you be a host, a guest host of War Room, and get confirmed by the United States Senate? | ||
| And what universe does that happen? | ||
| Well, first of all, Steve, it's great to see you in person. | ||
| Thank you so much for having me. | ||
| This is my first time in the actual War Room. | ||
| Tina was a little shocked. | ||
| She goes, it looks like a bachelor pad. | ||
| Well, you know what? | ||
| I mean, the piles of stuff, this is a sign of genius. | ||
| I'm just saying. | ||
| And I'm not flattering you, Steve. | ||
| This is one of the reasons I love her. | ||
| This is one of the reasons I love her. | ||
| First of all, when I was looking at my schedule for today as ambassador and chief of protocol, I see that my assistant, Katie, put hold war room at 11 a.m. | ||
| And I think I'm the first chief of protocol ever in the history of America to have a hold on our schedule for war room. | ||
| I think we can safely say that. | ||
| The Senate confirmation process is really interesting. | ||
| It takes forever if you're not cabinet level. | ||
| So I'm considered sub cabinet level. | ||
| So for those of us at that level, it drags on. | ||
| So it's really taken me five months to finally be confirmed. | ||
| And you were one of the earliest picked. | ||
| Yes, exactly right. | ||
| I know you're limited for time. | ||
| You've got to get to the White House. | ||
| The question I have is that, as you know, being a host here and being a contributor for years, we're so big on the history of this country and thing. | ||
| We've missed the 250th anniversary of Lexington Concord, right? | ||
| We've got, I guess, the Boston, the Battle of Bunker Hill. | ||
| Everything's coming up. | ||
| And, of course, July 4th. | ||
| Just make us feel better. | ||
| You're now on top of this, and you're going to work through everything that's going on so we have appropriate participation at the appropriate level? | ||
| Yes. | ||
| So in addition to my responsibility, it says chief protocol, and we do have the German chancellor. | ||
| He's coming in late tomorrow night. | ||
| He will be meeting with the president. | ||
|
unidentified
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You're letting him stay at Blair House. | |
| He will be staying at Blair House, which protocol operates. | ||
| I'm not going to put you in the spot. | ||
| Listen, that meeting got set up after TASS. | ||
| Released that they're doing a target acquisition in Berlin. | ||
| This is a huge meeting on Thursday. | ||
| This is a huge meeting and protocol. | ||
| My team and I create the environment for the most robust, effective diplomacy possible for the president of the United States, the vice president and the secretary. | ||
| So we're looking forward to welcoming Chancellor Merz on Thursday. | ||
| But in addition to all of that, the president has also given me another portfolio, which is to be essentially America's ambassador for the major US hosted events. | ||
| And that includes America 250, the FIFA World Cup, and the 2028 Olympic Games in LA, which President Trump heroically brought to the United States. | ||
| We had to get prepared. | ||
| And he comes back for this. | ||
| I know. | ||
| And he said it to me the other day when I was sworn in in the Oval Office. | ||
| He said, you know, I got the Olympics and FIFA. | ||
| And then I thought, oh, man, it's going to happen when I'm out of office. | ||
| And here we are. | ||
| It all had to happen this way. | ||
| God always has a plan, Steve Bannon. | ||
| So getting to America 250, this is right in front of us now. | ||
| It's on top of us. | ||
| The very first event that we are really going to have a substantive event for is the 250th anniversary of the United States Army. | ||
| This is going to take place on June 14th here in Washington, D.C. And I can tell you, Steve, my father served in the U.S. Army in the Vietnam War era. | ||
| And I was born on an army base. | ||
| I was born at Fort Huachuca, Arizona. | ||
| Army Intelligence. | ||
| There was a Signal Corps down there. | ||
| Signal Corps and Army Intel, yeah. | ||
| So my father was involved in that. | ||
|
unidentified
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First off, I've never heard that story. | |
| The classiest woman from the Upper East Side in Palm Beach in Fort Huachuca is... | ||
| That is the middle of nowhere. | ||
| That's the grind. | ||
| Very close to the southern border with Mexico. | ||
|
unidentified
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Very close. | |
| The home of the Buffalo Soldiers. | ||
| That's exactly right. | ||
| And one of the most famous bases in forts in American history. | ||
| Signal Corps, Army Intelligence. | ||
| That's right. | ||
| I grew up in New Jersey, so I used to think I was Jersey tough. | ||
| I'm Arizona, Fort Wachuka tough, okay? | ||
| Southern Arizona tough. | ||
| Exactly. | ||
| So this event means a lot to me personally. | ||
| I know it means a lot to the president. | ||
| He wanted to organize a 250th birthday bash for the United States Army, the first of the divisions of the U.S. military to be Again, it's happening on June 14th here in Washington, D.C. It is going to be a spectacular military parade. | ||
| We are going to bring to life 250 years of Army history, strength, sacrifice and pride. | ||
| We are going to have historical reenactors. | ||
| We are going to have elite military bands playing. | ||
| We're going to have Army and military technology, Steve, from the Revolutionary War to today's cutting-edge technology. | ||
| Rolling down those streets is going to be absolutely incredible. | ||
| We're going to honor America's veterans, both past and present, including our wounded warriors and our Gold Star families. | ||
| And there's one other announcement I want to make here today on the War Room. | ||
| At the end of the parade, and the parade is going to take place on June 14th, like I said, from 6.30 to about 9.30 at night, concluding with fireworks. | ||
| Oh, the parade's going to be late afternoon evening. | ||
|
unidentified
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Yes, yes. | |
| So it's going to be a full day. | ||
| So when you come to Washington, and please go to America250.org to get your tickets. | ||
| The tickets are absolutely free. | ||
| Registration is super fast and easy, but you'll get directions on how to enter the parade, where to go, where to stand, etc. | ||
| It's going to be down where the... | ||
| Constitution Avenue. | ||
| Constitution Avenue from 15th Street to about 23rd Street here in Washington. | ||
| But you do have to go and register. | ||
| Again, it's free. | ||
| America250.org. | ||
| So the president's review stand will not be at the White House? | ||
| I believe his review stand will be south of the Ellipse. | ||
|
unidentified
|
Got it. | |
| Right across from the Washington Monday. | ||
| Correct. | ||
| And we're expecting the diplomatic corps, all of the ambassadors to the United States with whom I work at Protocol. | ||
| It is going to be spectacular. | ||
| So even if it's a steamy hot day, from 6:30 to 8:30, you get that great twilight and then fireworks right afterwards? | ||
| It's going to be a full day, so you're going to have a public army fitness competition starting at 8:00 a.m. with a military festival beginning early in the morning if you want to come out early. | ||
| Gates open at 2:00, so you can arrive, get your spot. | ||
| When you say gates open at 2:00, that's again on the Constitution Avenue? | ||
| Correct. | ||
| Yes, so you can find your location. | ||
| And kind of scope it out and get some water, get something to eat, come back for the parade. | ||
| But something very special is going to happen at the end of the parade, Stephen. | ||
| I want to announce it to the War Room audience. | ||
| At the very end of the parade, President Trump, you know, he has, and you talk about this all the time, he has presided over record-breaking recruitment for the U.S. Army. | ||
| Restoring combat readiness, accelerating modernization of our weapons systems and everything else to meet the demands of 21st century warfare. | ||
| So this is about rebuilding the military, which he was committed to in his first term, doubled down in the second term, rebuilding the military to restore a sense of strength and sacrifice, pride and purpose to the army and the military. | ||
| So what he is going to do at the end of the parade is he is going to preside over a live re-enlistment of 250. | ||
| U.S. Army soldiers. | ||
| And it is going to be an incredible reaffirmation of our Army strength, our military strength, under the leadership of Donald J. Trump. | ||
| That's amazing. | ||
| Incredible. | ||
| So I encourage everybody to really come out to D.C., travel here to be a part of this historic moment and this historic parade. | ||
| It's really going to be something. | ||
| Let's go back, because obviously the mainstream media is all over. | ||
| This is Trump's parade. | ||
| This is much broader, right? | ||
| Yes. | ||
| It's a celebration. | ||
| We're on the 50th. | ||
| It's reinforcing all those great virtues. | ||
| When people can show up in the morning, there's going to be a fitness, but then all throughout the day, and the parade will start at 6:30 on Constitution. | ||
| That's correct. | ||
| Is it gonna start at the top of It could be going the other way, but it is those blocks. | ||
| And June 14th is a special day. | ||
| Of course it's the President's birthday, so I'm sure the crowd will break out into a happy birthday. | ||
| Providential. | ||
| And it's also Flag Day, Steve. | ||
| Good to be. | ||
| We know Steve Stern. | ||
| Hand of God for sure. | ||
| But please go to America250.org. | ||
| All of the events that we have planned so far are up on the website as well, but you can register for this parade at America250.org. | ||
| Talk about the logistics behind the scenes, the complexity of the logistics. | ||
| Yeah, it's very intense. | ||
| Interior Department, the Army. | ||
|
unidentified
|
All of it. | |
| All of it. | ||
| Everybody's got a voice. | ||
| Yeah. | ||
| You have some counsel. | ||
| So there is a commission that was congressionally constituted probably six, seven years ago. | ||
| There's that. | ||
| And then the president, first day in office, signed into, by executive order, a task force. | ||
| So you have a number of people who are actually executing on these events. | ||
| And I'm out here to tell everybody about it. | ||
| But they are organizing with the Department of Defense, the Interior Department, the Park Service. | ||
| All of the elements that we need to carry off a huge event like this and to do it safely for all of our attendees, including the president, but everybody who comes, understand that this will be a safe and glorious event. | ||
| Your theme on America 250, as we roll out clearly to the 250th birthday on July 4th, what is thematically, what are you trying to accomplish for the president? | ||
| Well, you know, I was a very young girl in the bicentennial, Steve, but I remember how special. | ||
| It made me feel as a little girl. | ||
| I remember the sparklers down the Jersey Shore, July 4th, 1976. | ||
| Everybody had a flag. | ||
| Everybody had a flag and the sparklers and the massive celebration nationwide. | ||
| By the way, next July 4th is gonna be wild because we're gonna have all of the eastern seaboard cities that obviously played such a crucial role in the American Revolution. | ||
| And as you point out, Steve, the MAGA generation So Boston, New York, Philadelphia, Washington, D.C., and of course cities around the country, but those are the four key ones that played such a role in the revolution. | ||
| Next July 4th, so we're kicking off now with June 14th in the military. | ||
| This July 4th, we're going to have a huge celebration on the Mall. | ||
| To kick off really one formal year of celebration. | ||
|
unidentified
|
Yeah. | |
| And we have all of these moving parts in D.C. and elsewhere. | ||
| Every state has their own commission. | ||
| So we're going to list that on the America250.org website as well. | ||
| So you can go there and find out celebrations happening in your state and your neck of the woods all year. | ||
| How do you balance that with protocol? | ||
| Because protocol itself is the full-time. | ||
| It's 120% of your time. | ||
| Now you have broad shoulders. | ||
| President Trump trusts you. | ||
| How do you balance that with protocol? | ||
| Well, thank you for asking that. | ||
| We'll see. | ||
| This is only my third full day in the job. | ||
| We'll see. | ||
| But it's my responsibility, according to the president, to not just run protocol and help to manage his diplomatic engagements at the presidential level, but also to make sure the American people know that this is a really special year. | ||
| This is an absolute gift, Steve, that America 250 is happening now. | ||
| Well, President Trump is in office once again. | ||
| It really is a gift, and we all want to make sure that we celebrate in a manner that is fitting, not just of this extraordinary president, but of our extraordinary country. | ||
| You're a gift, too, and this is exactly why the president selected you. | ||
| With all the alternatives and options they were thinking about, this is why the president understood this will be looked at 100 years from now, how we do this. | ||
| And this is why Monica Crowe. | ||
| The Bicentennial, people remember the tall ships in New York Harbor, which we're going to do again next July 4th. | ||
| They remember some elements, but overall they remember how it made them feel. | ||
|
unidentified
|
Yes. | |
| It was a feeling of tremendous patriotism, and that's what we're going to recreate this time. | ||
| Let me do the due diligence on the Mexican tall ship this time. | ||
| We'll put you in charge of that, Steve. | ||
| Where do people go? | ||
| Your Twitter account, and where do people go for this June 14th? | ||
| Yes, so my personal Twitter is at Monica Crowley, and on Instagram, at Monica Crowley underscore. | ||
| We are in the process. | ||
| By the way, I have an extraordinary team at Protocol, so when you're asking how I'm going to do it all. | ||
| Leaning on my extraordinary team. | ||
| We are about to launch official Twitter and Instagram accounts for me as ambassador, so I'll let you know that too as soon as we launch. | ||
| Ambassador, we would have cleaned up more if we When I was in prison, I thought you were hosting from the worm. | ||
| I realize now hosting from the Hamptons, right? | ||
| We're just doing it. | ||
| We love you. | ||
| The audience loves you. | ||
| The president loves you. | ||
|
unidentified
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Thank you. | |
| Thank you so much, Steve. | ||
|
unidentified
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God bless. | |
| Thank you so much. | ||
| Thank you. | ||
| Go with God. | ||
| Godspeed. | ||
| You bet. | ||
| Short break. | ||
|
unidentified
|
back in a moment. | |
| Here's your host, Stephen K. Mann. | ||
| A bunch of breaking news there, so let's make sure we're all over that. | ||
| If Real America, the crack team in Denver, can put up on the Chiron. | ||
| Where you go for tickets. | ||
| Let's have a huge showing on the 14th. | ||
| That's quite interesting and I think smart. | ||
| 6.30 to 8.30 in the evening is going to be the actual parade. | ||
| Real America's Voice. | ||
| Wall-to-wall coverage of the 250th celebration of the United States Army. | ||
| We're going to do it just like we did West Point. | ||
| First time ever. | ||
| Live television coverage for all four hours of the West Point graduation, the commencement day where the president spoke, and then Arlington National Cemetery did three hours on that on Monday. | ||
| Oren Kass joins us now. | ||
| Dave Bratz with me. | ||
| Dave's going to get to the Federal Reserve in a second. | ||
| Warren, the Financial Times of London had this piece the other day, and this fits into the big, beautiful bill, what's happened geopolitically with Ukraine and what's happening right now in Korea. | ||
| It was kind of – The globalization 1.0 didn't work, and obviously had this populist nationalist, these kind of grubby people that came up and thwarted it, whether it's in Poland or in the United States or, you know, in Germany. | ||
| But we're going to get smarter. | ||
| The Larry Finks of the world are going to get a lot smarter, and we're going to have globalization 2.0, and this time we'll run the tables. | ||
| Is that essentially what the piece says, sir? | ||
| Well, it's a super interesting piece. | ||
| You know, Larry Fink is the head of BlackRock, which, of course, is one of the largest financial institutions in the world. | ||
| At one point was known for pushing a lot of the sort of more woke ESG type ideas. | ||
| They backed off of this. | ||
| And now, you know, Fink wrote a piece. | ||
| I think it's actually pretty thoughtful explaining. | ||
| What he and others and economists got wrong with globalization, with just trusting that, well, if we just have free markets, if we just have free trade, if we just offshore everything to China, that'll work out fine for American workers too. | ||
| Look, I think it's a really positive first step that we have folks admitting we have a problem. | ||
| Like, to your point, okay, well, you know, what are we going to do about it is then the big discussion. | ||
| But I think there really is a change going on in people recognizing that this system we were pursuing and just marching forward with blindly, it wasn't sustainable, it wasn't good for people, and it wasn't good for America. | ||
| And look, the big, beautiful bill's got an aspect of it. | ||
| There's other things. | ||
| We just got word that the first of the rescissions package, the $9.4 billion, which has got a couple. | ||
| We understand it's a drop in the bucket, but it's symbolic, is going to come to the Capitol. | ||
| Do you see, because I keep saying that we've changed the electorate of the Republican Party. | ||
| To be working class and middle class and people looking for putting the country first, American citizens first, but we really haven't changed the political class. | ||
| We're attempting to and they all, you know, they preach fealty to President Trump, but they don't really preach fealty, particularly behind the scenes, to the policies of President Trump. | ||
| As you see Fink and these guys in a very sophisticated way think through what they got wrong in Globalization 1.0 as they do 2.0. | ||
| Do you think we've embedded the populist economics, the economic nationalism of the MAGA movement enough in the Capitol Hill that you're actually starting to see at least the green sprouts of actually a renewal here, sir? | ||
| I think so. | ||
| I think what you're seeing is a generational change. | ||
| I mean, look, Mitch McConnell isn't going to change his mind on this stuff, right? | ||
| People who have built their political careers over 40 years of fealty to what they think Ronald Reagan said, even if they don't even know what Ronald Reagan really said, they're not going to suddenly reverse course. | ||
| And so this takes time. | ||
| But if you look at the younger generation of Republican leaders, whether it's folks like J.D. Vance and Marco Rubio in the Trump administration, Folks like Bernie Moreno and Jim Banks, who just joined the Senate, certainly somebody like Josh Hawley. | ||
| Increasingly, I think the next generation, they grew up in the middle of this disaster. | ||
| They experienced it firsthand. | ||
| Their worldview is not the worldview of fighting the Cold War. | ||
| It's the worldview of dealing with the financial crisis, of dealing with China, of dealing with immigration, of dealing with big tech. | ||
| And I think they, across the board, are going to go a different direction. | ||
| So, you know, that takes time to totally shift a political party, but I do think we're in a new world at this point. | ||
| Still, the most powerful political paper on the right, and I don't mean the MAGA right, but the business community, the financial community, the RINOs, the business community, the Chamber of Commerce crowd. | ||
| In the Republican Party, this still calls a lot of shots. | ||
| The Wall Street Journal, they continue and they're kind of at loggerheads with you talking about free markets and this whole concept that the marketplace is like the second law of thermodynamics, that no human agency can kind of change things. | ||
| Do you think we can make progress as long as something like the Wall Street Journal is so adamantly opposed to the policies that both you and I believe in? | ||
| Look, I think the Wall Street Journal, you know, their editorial page is just such a fascinating—it's not even a snapshot, really, at this point. | ||
| It reflects where the Republican Party, where conservatives, where a lot of economists were, you know, 20, 30 years ago. | ||
| And what's so strange at this point is I guess they're not able to change. | ||
| They're not able to sort of think about what has actually happened in the world. | ||
| They don't really have any evidence. | ||
| They're not really connected to what's going on in the world. | ||
| So the example you just cited is such a good one. | ||
| They tried to pick this fight. | ||
| One of the editorial board members is writing that the market isn't a tool that we need to think about how to use to promote important ends, that the market just is, that the laws of economics are like the laws of physics. | ||
| And I think they struggled to make the case themselves. | ||
| Like you said, I kind of got into this back and forth with them saying, look, I don't think economics is a science. | ||
| And they came back and their response was, is economic a science? | ||
| The question isn't helpful. | ||
| It's like, well, you're the ones asking the question. | ||
| The question isn't helpful because it exposes how wrong this worldview is. | ||
| And so, again, I think, look, obviously there are people who read. | ||
| And take their marching orders from the Wall Street Journal editorial page. | ||
| But I don't think that really reflects conservatism or the Republican Party at this point. | ||
| Oren, you've got, I think, your gala tonight. | ||
| Tell us about American Compass. | ||
| What do you guys do? | ||
| Where can people go get more information, the magazine, all of it? | ||
| Yeah, sure. | ||
| So American Compass launched five years ago. | ||
| We're celebrating our five-year anniversary tonight with what we're calling the New World Gala. | ||
| We're really excited that Vice President Vance and Secretary Rubio have both planned to come speak. | ||
| And just a lot of really terrific folks coming who have been working with us. | ||
| A lot of people are now in senior positions in the administration who do represent this new world. | ||
| And I guess the other thing I just mentioned, you know, we put out a book to go with it. | ||
| It's called The New Conservatives. | ||
| We're releasing it today. | ||
| And I think for folks who are kind of looking around at what's going on on the right of center and just trying to understand like, wait a minute, why do we have a labor union president speaking at the Republican National Convention? | ||
| Why do we have a Republican senator attacking private equity? | ||
| Why do we have so many Republicans now recognizing This is kind of the set of essays and the set of thinkers who have gotten us there. | ||
| And so I think it's a really great guide to understanding what's going on, understanding the arguments. | ||
| And I hope people will pick up a copy. | ||
| No, we'll push it hard here. | ||
| You gave me a copy a couple of weeks ago, an extraordinary book, all the best thinking from you guys and from your journal and from your magazine and prominent names and a lot of thought. | ||
| You can tell the public intellectuals over at American Compass are driving the agenda. | ||
| Where do people go to find out more about you, to get the book, social media, all of it? | ||
| Wherever books are sold, whether at large online conglomerates or your favorite local bookseller, American Compass is at AmericanCompass.org. | ||
| Our magazine, Commonplace, is at Commonplace.org. | ||
| publishing great stuff every day. | ||
| We have a great profile of a federal judge who kind of isn't in the old Federalist Society model. | ||
| He's really Great to see you. | ||
| Great. | ||
| Dave Bratt, observations, comments, thoughts? | ||
| Yeah, I love his analysis. | ||
| Wall Street Journal, out of touch, 20 or 30 years. | ||
| The Federal Reserve has been waging a war against the middle class, kind of like China has been waging a war against us for 30 years. | ||
| Our intelligence agencies have missed it. | ||
| Our economists have not examined the damage the Federal Reserve has done to the middle-class working family. | ||
| I can show all the charts showing in 1971 all the damage of inflation. | ||
| And then the last several charts show the damage to family formation, to the progress of minorities in our own country, and to the middle-class worker. | ||
| And it's just stunning. | ||
| If we've got time in this segment, I can start reeling through a few of them quick. | ||
| No, no, no. | ||
| I want to hold them because they make such a compelling case. | ||
| I want to do it all at one time, but we're going to figure this out. | ||
| So stick around. | ||
| Dave Bratz, my co-host, if we can pull it off, Senator Jim Banks is going to join us. | ||
| Jim Banks is one of those new fire breathers up on Capitol Hill now that's gone from the House to the Senate and is 100% MAGA. | ||
| He's going to walk us through some economics. | ||
| He's also going to walk us through. | ||
| He's one of the leaders in this anti-CCP that we've got to get ahead of us. | ||
| So Jim Banks is going to join us here momentarily. | ||
| Dave Bratz, my wingman this morning. | ||
| Bratz got an incredibly compelling analysis of, I know, what's your favorite central bank. | ||
| It ain't the Bank of Tokyo. | ||
| It ain't the Bank of... | ||
| It's not the British Central Bank, right? | ||
| It is... | ||
| Short commercial break. | ||
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|
unidentified
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War Room. | |
| Here's your host, Stephen K. Mann. | ||
| Okay. | ||
| Senator Banks is supposed to join us in a minute. | ||
| I'm going to go back to Dave Brat, though. | ||
| Dave, can you walk us through your analysis of the Federal Reserve and how, in one level, it's been just as bad as the Chinese Communist Party against the working class and middle class in the beloved country? | ||
| Yeah, it has. | ||
| It all began in 1971 under Nixon with decoupling from gold, a stable asset over time. | ||
| And we've covered this, right? | ||
| The loss of purchasing power under Biden was 20% over just four years. | ||
| So Denver wants to put up the first chart. | ||
| This is since 1776. | ||
| It's always good to go way back. | ||
| You had stable prices for a very long time and then look to the far right of that chart, 1970, 1971, straight up through the roof. | ||
| When you decouple from gold, the Federal Reserve is on its own to print money. | ||
| Too much money chasing too few goods is the basic definition of inflation. | ||
| Next chart. | ||
| What's the impact of that on real house prices and rents indexed? | ||
| Every young person knows this chart. | ||
| They're living it out right now. | ||
| 1971, right where the arrow is, and house prices untethered from gold, from the dollar being hurt, up through the roof. | ||
| No, the young people are going to lose. | ||
| We're going to lose a generation of young home ownership. | ||
| And the implications of that are coming up in the later charts. | ||
| Next one is just kind of for fun. | ||
| It's just a chart of Campbell's Soup. | ||
| A can of Campbell's condensed tomato soup in pricing. | ||
| Over the long run, flat as a pancake. | ||
| 1971, right where the arrow is. | ||
| Campbell's tomato soup going up through the roof. | ||
| Next one, Denver. | ||
| This is just inductive. | ||
| Here's your federal debt as a percentage of GDP. | ||
| The arrow is at 1971. | ||
| We held in tax somewhat after World War II. | ||
| But then to the far right, this is on the war room every day. | ||
| Steve's been calling attention. | ||
| The next chart's the same thing on steroids. | ||
| This is just in total dollars and trillions, the next chart, Denver, is the federal debt. | ||
| In trillions of dollars, the arrow down to the bottom is at 1971, and you'll notice the massive increase in national debt. | ||
| Dave, can you hang on for one second? | ||
| Just hang on for one second. | ||
| We've got Senator Banks. | ||
| I know he's under time constraints. | ||
| Just hang on. | ||
| We're going to go through more of the Federal Reserve. | ||
| Senator Jim Banks from Indiana joins us, a naval officer. | ||
| Senator, right now, we've been doing live coverage in Korea. | ||
| It looks like it could be a four or five point loss there to a party that's controlled by the Chinese Communist Party. | ||
| You've been at the tip of the spear on the anti-CCP movement and efforts in the United States Senate. | ||
| Would you give our audience an assessment? | ||
| We had Pete Hexeth in Singapore the other day saying, hey, if things don't change, this rehearsal is going to lead to, I believe, a potential imminent attack in Taiwan. | ||
| And tonight we may lose South Korea in political warfare to the existential threat to the United States. | ||
| Yeah, Steve, we have to do so much more. | ||
| I spent eight years in the House. | ||
| We created the Select Committee on the Chinese Communist Party. | ||
| There was a full-court press in the House. | ||
| I've tried to bring that same energy to the Senate. | ||
| President Trump has been the only president in my lifetime who's The tariffs are all about holding China accountable and reorienting the global economy that puts America's economy first rather than China's economy. | ||
| And I think those tariffs are working. | ||
| There's a lot of good news out there. | ||
| President Trump has put China on notice that if you break the deal, we're going to hold you accountable for it. | ||
| And two days ago, more evidence that China hasn't kept up their end of the most recent 90-day tariff deal that we have with China. | ||
| So we got to keep up the pressure. | ||
| We got to be tough on them. | ||
| We're seeing the outcome of what happens when other countries play footsie with the Chinese Communist Party and how the Chinese take advantage of those countries and they meddle in their We don't have any time left. | ||
| We have no time left. | ||
| And we have the only president that we've ever had that is willing to be tough on him. | ||
| We have to maximize these next three and a half years to do everything that we can to hold them accountable, rock them back, use the tariffs as our number one vehicle to punish China and reorient our economy and the global economy in our best interest. | ||
| And we're running out of time to do that. | ||
| You were such a strong advocate in the House and now in the Senate. | ||
| But here's I think people get confused. | ||
| You've got Lindsey Graham. | ||
| It seems like a big part of the Senate. | ||
| I mean, they're implying they got a veto proof, something they can pass in the Senate and in the House regarding Ukraine and Russia. | ||
| I mean, here we're in your student of history. | ||
| And it's a bold, audacious, brilliant, you know, kudos to them on the tactical side. | ||
| But we had a country that we're the sponsor of. | ||
| They make an attack on a powers, a nuclear powers part of their strategic triad, take out 40% of their strategic bombers. | ||
| And it looks like people in the Senate are cheering that on. | ||
| At the same time, you hear, except for yourself and a handful of others, saying, hey, hang on for a second. | ||
| The people running this deal are out of Beijing, and they're about to take over South Korea. | ||
| We're warning people about Taiwan because, you know, as a naval officer, these are no longer exercises. | ||
| These are rehearsals. | ||
| Do you think the Senate has actually the understanding of the existential threat that the Chinese Communist Party has to the people? | ||
| First off, the people in China, Lao-Beijing, but also the people in East Asia, our great allies of Japan, South Korea, in the Philippines, and also Taiwan, sir? | ||
| Yeah, I don't know. | ||
| I don't get it. | ||
| I mean, we can't afford to be drawn into this war. | ||
| President Trump campaigned and was elected with a mandate, Steve, to bring the war in Ukraine to a close, to bring it to an end. | ||
| And why would we want to tie his hands in doing that? | ||
| I think that's what the bipartisan legislation in the Senate, I think what Senator Graham was talking about, that further ties President Trump's hands. | ||
| That's what the American people voted for. | ||
| Get us out of it. | ||
| Don't spend more of our tax dollars and our resources on what's going on over there so that we can focus on America, focus on the economic picture here, the tariffs. | ||
| Focus on the China threat. | ||
| That's what President Trump was elected to do. | ||
| We shouldn't tie his hands from—that would stop him from doing that. | ||
| And I'm going to oppose any effort that would block President Trump or tie his hands any further. | ||
| The reason you went from the House—naval officer to the House and then to the Senate so quickly is that you're pretty dialed into your constituents. | ||
| And you talk about Indiana. | ||
| You know, you've got Hoosier basketball, Notre Dame football, the Indianapolis 500. | ||
| I mean, this is kind of Americana. | ||
| What do the folks in Indiana say about this? | ||
| What do they say about the geopolitics of where they think the country's headed, sir? | ||
| I go home every weekend and I talk to family and friends every week. | ||
| I went to the Indianapolis 500 last weekend, Steve, and what a great event for my state. | ||
| The Indiana Pacers are in the NBA Finals. | ||
| Hoosiers are common sense people. | ||
| They're wise. | ||
| Farmers, small business owners, they want me, their brand new United States senator, to be more focused on what's going on in Indiana than what's going on in Ukraine. | ||
| And they know that China is a threat. | ||
| Every farmer in my state knows that China is a threat to their way of life. | ||
| Every factory worker, as you know, my dad is a retired union factory worker, made axles all of his working life in a factory. | ||
| And he understands the China threat more than most of these United States senators do because he knows that the China threat is a direct threat to the livelihood of the men and women who show up at work every day trying to make ends meet and put food on the table. | ||
| And that's what Hoosiers want me to be focused on. | ||
| It's why they back President Trump so substantially when it comes to... | ||
| And in Indiana, we're seeing the good news of it. | ||
| I mean, big announcements at GM. | ||
| Honda is going to make their next generation Civic in Indiana, not in Mexico or Japan. | ||
| Eli Lilly bringing $27 billion of pharmaceutical manufacturing out of China. | ||
| To Indiana and in the U.S., Roche Diagnostics, a $50 billion announcement, the same thing, taking it out of China, moving it back to the United States. | ||
| I could go on and on, Steve, but Hoosiers are seeing the real benefit, the real effect of what President Trump is accomplishing through these tariffs, how it's diminishing China, how it's helping America. | ||
| And they want their senator, me, the new senator from Indiana. | ||
| To be focused much more on that than getting us entangled in conflicts and wars around the world. | ||
| When you have these judges, the tariffs, he makes this compelling case for the tariffs and about the national security threat, about fentanyl, the chemical warfare, the cartels, all of it. | ||
| And these courts just toss it out, and when they toss it out, they just toss out the whole national security aspect. | ||
| They throw it out like it's laughable, and then they want to undo it. | ||
| What do the folks in Indiana say about that? | ||
| It looks like the judicial supremacy over President Trump and thinking through kind of the commercial relationships, but particularly the national security aspect of dealing with of dealing. | ||
| Yeah, they're livid about it. | ||
| That's not what they voted for. | ||
| They voted for President Trump to shake it up, to go after China. | ||
| They knew President Trump would enact these tariffs. | ||
| He talked about it on the campaign trail. | ||
| That's why Indiana overwhelmingly voted for him. | ||
| And Indiana is a red state, but we're... | ||
| And the voters in my state, just like around the country, voted for President Trump to do exactly what he's doing and to be blocked by the courts. | ||
| It infuriates anyone that I talk to. | ||
| And I'm concerned, Steve, about where does that go? | ||
| What does that lead to if elections don't matter and the courts – And me as a senator, I'm elected to back him up on it, and the courts are blocking it. | ||
| Hoosiers are outraged by it. | ||
| I know a lot of Americans are. | ||
| I'm concerned about where that leads us as a country. | ||
| We've got a couple of minutes. | ||
| Make us smart. | ||
| You've got the big, beautiful bill. | ||
| People are saying it's too much spending. | ||
| The bond market's reacting. | ||
| You guys have to deal with that now, supposedly to vote by July 4th to get it out. | ||
| You've got all this geopolitical. | ||
| As a naval officer, you know we're getting sucked into this Third World War. | ||
| The next couple of weeks in Washington, make us smart. | ||
| How do you see this thing rolling out? | ||
| Well, you've got to look at what's in the bill, what it does. | ||
| And go back to eight years ago. | ||
| By the way, eight years ago when Paul Ryan and Mitch McConnell negotiated the Tax Cuts and Jobs Act, they made the corporate tax rates permanent, but they sunset the individual rates and the small business rates. | ||
| Steve, that's why we are where we are today, because the old GOP had a bigger emphasis on corporate rates. | ||
| The new Republican Party has to right that wrong and make those tax cuts on working-class families, those individual rates, and the tax cuts on the pass-throughs of small businesses that make America's economy the great economy that it is that keeps this economy working. | ||
| We have to make those tax cuts. | ||
| Permanent and prevent the biggest tax increase on factory workers, police officers, teachers, small business owners. | ||
| We have to prevent that biggest tax increase from happening by passing the big, beautiful bill. | ||
| Now, the Senate has an opportunity to make improvements. | ||
| I think the work requirements on Medicaid is one area that I think is really that's good policy. | ||
| It's good politics. | ||
| Five million Americans who sit at home every day. | ||
| Who could work but don't work. | ||
| They don't have a sick kid or a sick mom at home that they're taking care of. | ||
| But 5 million Americans who could work, who don't work, that the Medicaid work requirements will push them back into the workplace and then take a million illegals off of Medicaid who are on that. | ||
| That will save $700 billion over the next 10 years with those work requirements alone. | ||
| So those are good aspects of the bill. | ||
| No tax on tips. | ||
| No tax on overtime pay. | ||
| That part of it's really important, too. | ||
| And then funding the mass deportation effort, funding border security. | ||
| Senator, can we hold you to a short commercial break? | ||
| Just be a minute or two. | ||
| Senator Jim Banks. | ||
|
unidentified
|
Here's your host, Stephen K. Mann. | |
| Senator Banks had to run for a vote on the Chiron. | ||
| We're going to put his social media. | ||
| Also, somebody give it to me. | ||
| I'll read it up, but the social media is on there. | ||
| By the way, we're now on Spotify after, I don't know, four or five years of being off the platform. | ||
| We're back on Spotify. | ||
| I want to thank the Spotify folks. | ||
| Go to Spotify, at Bannon's War Room. | ||
| Sign up. | ||
| Leave us a review. | ||
| Do all of it today. | ||
| Get it out to your friends. | ||
| That's for the podcast. | ||
| Jillian Barbary joins us, done with debt. | ||
| Everything I'm reading about is this credit card debt is now, I don't know, $1.3 trillion. | ||
| People are saying 10% is non-performing. | ||
| People think if they get the letter, they can just put it in the drawer and it'll go away. | ||
| Is that true, Jillian Barbary? | ||
|
unidentified
|
Well, Steve, And I can tell you that from personal experience. | |
| And also to echo on what Senator Banks was talking about, people just want to put food on the table. | ||
| The number one thing that I hear when people associate me with done with debt, they say, you know, we're just trying to catch up. | ||
| And they fell behind so quickly. | ||
| They were just sort of, you know, right there, evening out, and then they just fell off. | ||
| Just by living, they fell under. | ||
| And, you know, the credit system is not made to work with you. | ||
| It's not designed to help you. | ||
| So what Done With Debt does, they have a team of strategists. | ||
| And they are not going to be pushing loans or bankruptcy. | ||
| They have an amazing amount of negotiators. | ||
| You're going to essentially get your own little team that will help to reduce your debt. | ||
| That's the bottom line. | ||
| Of course, these negotiators are able to wipe out the debt completely in some instances. | ||
| And most clients will end up with money at the end of the day, which is just unbelievable. | ||
| And people say, OK, what can we do? | ||
| We are drowning. | ||
| And I always say, first of all, what Steve said, don't push that envelope back in the drawer. | ||
| Answer the phone. | ||
| Actually take the phone, pick it up and call Done With Debt or go on to donewithdebt.com because they will immediately, overnight, stop those letters, stop those phone calls, and they will tell you to get, you know, I'm here to tell you to get on this right away because it's only going to get worse. | ||
| Before you make your next payment, go to donewithdebt.com. | ||
| It's free. | ||
| What have you got to lose other than the debt? | ||
| They're going to help get you back on the road to financial security. | ||
| These people have resolved huge amounts of this over time. | ||
| They're professionals. | ||
| The credit card companies also and the collection companies know who they're dealing with. | ||
| It's totally free. | ||
| Where do they go for a free consultation? | ||
| This is what people have to understand. | ||
| Take the angst. | ||
| Take the anxiety. | ||
| Get a professional involved. | ||
| It's a totally free consultation. | ||
| They'll let you know how they cap. | ||
| How they can cut your outstanding debt and cap it and cap the interest rates and work out a program with the collection companies. | ||
| They're a specialist, and the collection companies know who they're dealing with, so they know they're not going to get bait and switched. | ||
| That's why you need a representative, right? | ||
| They're not going to treat you the same way they treat the guys that are done with debt. | ||
|
unidentified
|
Thank you. | |
| Exactly what Steve said. | ||
| Go to donewithdebt.com, donewithdebt.com. | ||
| It's a free consultation. | ||
| And again, you could end up with money in your pocket by the end of the day and a big load off your back. | ||
| But it's not going to happen until you go there. | ||
| Before you make your next payment, talk to these guys. | ||
| They want to reduce your debt. | ||
| They're there to help. | ||
| I wish I had known about them sooner, Steve, because, you know, people at the end of the day, I had disease come up on me, right? | ||
| So I had cancer, job loss. | ||
| Some people are just regularly living their lives and are in debt. | ||
| So, you know, get on it. | ||
| Look, anybody that tells you to declare bankruptcy, talk to these people first. | ||
| Don't declare BK. | ||
| Don't make another payment. | ||
| Call right now with Done With Debt or go to the website. | ||
| Make sure you talk to these people. | ||
| Then you can decide. | ||
| You know, maybe bankruptcy is the alternative. | ||
| I think they'll give you a different perspective. | ||
|
unidentified
|
Yes. | |
| Maybe you continue to make payments and continue to drown. | ||
| I think these people give you a different perspective. | ||
| They're professionals in the space. | ||
| Jillian, one more time, where do people go? | ||
|
unidentified
|
People go to donewithdebt.com. | |
| They are your master negotiators, and they will help you get out of this horrible hole that you're in. | ||
| Believe me, you're not alone. | ||
| There are so many of us Americans in it. | ||
| And now we're out of it because of the people at donewithdebt.com. | ||
| Thank you so much, Steve, for having me on again. | ||
| I appreciate you very much, sir. | ||
| Appreciate you. | ||
| So does the audience. | ||
| Go check it out. | ||
| She's 100% correct. | ||
| Get rid of the angst. | ||
| Get rid of the anxiety. | ||
| Get some professionals on your time. | ||
| Done with that. | ||
| Dave Bratt, you're going to be in studio with me later in the week. | ||
|
unidentified
|
Yep. | |
| As Monica Crowley told us, the Chancellor of Germany is coming on Thursday. | ||
| That's going to be a big day. | ||
| Riding shotgun with me is Bratt. | ||
| We're going to go through methodically because this presentation on the Federal Reserve is too important. | ||
| But given what you've heard today from banks, from Orrin Cass, about, you know, the geopolitical situation, but particularly what Larry Fink's trying to sell in the Wall Street Journal, your closing thoughts and observations, sir. | ||
| Yeah, everything we've done in the past 30 years is basically called financialization. | ||
| It's all been good for Wall Street, Larry Fink, BlackRock. | ||
| We still have our pension funds in China. | ||
| And then Orrin Cass really did a nice job of saying how out of touch, the Wall Street Journal, etc. | ||
| Today, the Wall Street Journal is making the argument that Russia is tied with China. | ||
| So that's the new nexus of evil. | ||
| And we need to fight Russia. | ||
| And we have a new era of war where we might as well start with Russia and then go to China or something on that order. | ||
| It's just stunning. | ||
| And then Banks comes on. | ||
| He's Common Sense Indiana. | ||
| And just tells the truth. | ||
| But he also, and you also, signaled the rest of the Senate is not there. | ||
| This is stunning. | ||
| This is a great moment in U.S. history to see who is on the American people's side. | ||
| Trump ran on this. | ||
| The polls are 70 to 80 percent against war. | ||
| And yet, you wouldn't know it, right? | ||
| The Wall Street Journal, The Washington Post, New York Times, nothing on their op-eds, nothing on their news today. | ||
| Of all the brilliant stuff we had on the show today, from Korea to banks, and banks was great, to Monica, all of it, one of the most blinding insights was you, the arrogance of Lindsey Graham. | ||
| What he was implying to Trump when he said, hey, Trump said Ukraine's got no cards, well, they have cards, the House and the Senate. | ||
| They think they got a veto-proof deal they're going to push through. | ||
| So Trump, hey, if you don't like it, lump it, because we're getting through it. | ||
| I'm telling you, the political class in this town tied to the deep state and the arms manufacturers are dragging us in to a kinetic conflict on the Eurasian landmass, as sure as the turning of the earth. | ||
| And we're here to stop it. | ||
| Because if this happens, it's going to make World War I and World War II in the bloodiest 20th century. | ||
| Look like a church social. | ||
| Dave Brat, social media, where do they go? | ||
| Yep, Brat Economics on Getter and on X. All those charts are already posted. | ||
| Go study it. | ||
| Bottom line is the rich are getting richer, and the median, the real middle person in this country, is getting ripped off. | ||
| There's been a war on the working class. | ||
| Thank you, brother. | ||
| Charlie Kirk is next. | ||
| Jack Posobig after that. |
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