Nov. 12, 2025 - Bannon's War Room
48:51
Participants
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| Speaker | Time | Text |
|---|---|---|
| Getting stays and getting reversals because of local judges just not following the law full stop. | ||
| And it's the same judges or not the same judges, but there's a group of judges that are repeat players, and that's obviously not by happenstance. | ||
| That's intentional. | ||
| And it's a war, man. | ||
| This idea of war on judges, I'll say two things. | ||
| Number one, the most important judges, the Supreme Court, they do not have a lot of problems with. | ||
| So the buck stops at the Supreme Court. | ||
| They've not really been ruled against pretty much at all and overturned past president. | ||
| But when you hear things like this, I mean, this is out of the Erdogan Turkey playbook, the war on the judicial branch. | ||
| We need to go after them. | ||
| We need to beat them. | ||
| This is scary stuff. | ||
| It's really chilling. | ||
| This is one of the most dangerous and damaging things that's happening right now in our country is the disrespect for judges and the public calls for others to disrespect and disregard judges. | ||
| We have a constitution that has three equal branches that all have a job to do, and the job of the courts under our Constitution is to rein in the executive branch. | ||
| This administration does not accept that as a legitimate constitutional function of courts. | ||
| They seem to believe that it is the job of judges to get on board with and rubber stamp the political agenda of the president. | ||
| That is absolutely not the case and that is very dangerous to our democracy. | ||
| It is also very dangerous to the judges who are out there trying their best every single day to do the job that the Constitution requires of them. | ||
| Those are people who have seen an incredible increase in real threats to their safety. | ||
| We have seen people plot against judges, try to attack judges because they disagree with their rulings and people like Todd Blanche are egging that on. | ||
| He is the number two official at the Justice Department and it is absolutely irresponsible and really frankly reprehensible that he is taking that position about federal judges in our country who have an important constitutional role to play. | ||
| And for future negotiations, if he knows once he inflicts maximum pain, that Democrats are going to say, this is too much pain for my constituents. | ||
| It's not in the best interest of the United States and we fold. | ||
| Well, look, I think any political leader who goes about inflicting pain on the people they represent will ultimately be punished at the ballot box by those people. | ||
| And we saw that in Virginia. | ||
| And, you know, I've spent the last year screaming about the fact that our governor, Glenn Young, refused to stand up for Virginians as Donald Trump was attacking us. | ||
| And I told him, I said, the voters are going to punish this. | ||
| And the voters in Virginia punished it last Tuesday. | ||
| So I think the answer to your question is we've got to continue to tell the story of the pain Donald Trump's inflicting on people, the fact that he's more focused on the price of greenland than the price of groceries. | ||
| He's building golden bathrooms while kids are going to bed hungry because he's taken away their food benefits and snap. | ||
| And we've got to take that to the voters if he continues in this right. | ||
| Three co-equal branches of government. | ||
| Now, the Republicans have said, we don't want that. | ||
| And they've given up their equality, their power. | ||
| They let Trump do everything. | ||
| The judges are not doing that. | ||
| And it's basically page one of any authoritarian playbook. | ||
| Well, first it used to be take over the radio stations. | ||
| But the other reason, get rid of the judges. | ||
| Anything that would check power. | ||
| There's nothing in Congress checking his power. | ||
| He can take the power to put on tariffs and they don't care. | ||
| He can hold back funding and they don't care. | ||
| But the judges, some of them are fighting back a bit. | ||
| And that's where they're saying no. | ||
| And they don't have a legal case against this, but you're right. | ||
| What Todd Blanche is doing there is creating this culture in which people may take actions against judges, not respect them, and will allow Trump at some point to just say, I don't care what the court says. | ||
|
unidentified
|
What is the administration's position on these visas? | |
| Now, we're going to keep using our visa programs. | ||
| We're just going to make sure that they have integrity, that we're actually doing the vetting of the individuals who come into this country, that they want to be here for the right reasons, that they're not supporters of terrorists and organizations that hate America. | ||
| And that's what I think is so remarkable is under the Trump administration, we've sped up our process and added integrity to the visa programs, to green cards, to all of that. | ||
| But also, more people are becoming naturalized under this administration than ever before. | ||
| More people are becoming citizens because we're not just streamlining and building some processes back into our immigration policies. | ||
| We're also making sure that these individuals that are coming into our country and get that privilege, that they actually are here for the right reasons. | ||
| The Biden administration let thousands of terrorists into this country. | ||
| They opened the southern border. | ||
| They abused our asylum programs, abused our protective programs and visa programs, and we fixed all of it. | ||
| It's remarkable what President Trump has done, and it's because he's a great leader. | ||
| He's a visionary. | ||
| And this man is going to go down as a legend in history as our greatest president ever. | ||
| There's 20, 30 years we have offshore precision manufacturing jobs. | ||
| And the president's point here is, again, we can't snap our fingers and say, you're going to learn how to build ships overnight. | ||
| We want to bring semiconductor industry back to the U.S. There are going to be big facilities in Arizona. | ||
| So I think the president's vision here is to bring in overseas workers where these jobs went. | ||
|
unidentified
|
Who have skills. | |
| Who have the skills, three, five, seven years to train the U.S. workers. | ||
| Then they can go home. | ||
| The U.S. workers fully take over. | ||
| Do you want to understand the concern that some people have? | ||
| Hey, an American could have that job. | ||
| Why you give it to a business? | ||
| But an American can't have that job. | ||
|
unidentified
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Specific skills. | |
| Because we haven't built ships in the U.S. for years. | ||
| We haven't built semiconductors. | ||
| So, you know, this idea of overseas partners coming in, teaching American workers, then returning home, that's a home run. | ||
| This is the primal screen of a dying regime. | ||
| Pray for our enemies because we're going medieval on these people. | ||
| Here's not got a free shot on all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
| MAGA Media. | ||
| I wish in my soul, I wish that any of these people had a conscience. | ||
| 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
|
Here's your host, Stephen K. Bass. | |
| Wednesday, 12 November, in the year of our Lord, 2025, we're going to try to take the first hour and kind of unpack exactly where, because a lot of, boom, boom, you know, he's giving interviews, talking about H-1B visas, then you got Scott saying something to the Secretary of the Treasury. | ||
| You've got Christy Noam saying something else. | ||
| You've got his restructuring of the commercial relationships of the world, as we refer to as his trade policies, right, to manifest itself if they don't move the jobs back in tariffs, are in court. | ||
| So I want to take, and I want to be, I would like to be systematic. | ||
| So the guest today to do this is Stephen K. Bannon. | ||
| So we're going to do it. | ||
| And I want to talk about the influences on the president. | ||
| Tonight he's got dinner with the Lords of Easy Money, you know, Jamie Dimon, Larry Fink, real Trump supporters and MA supporters. | ||
| As you know, I say that with tongue-in-cheek because they hate Trump and they hate MAGA. | ||
| And Jamie Dimon, you know, has got this fantasy. | ||
| He's going to run as a populist candidate for president. | ||
| Jamie spent, it was not this past summer, I think it was the summer before he talked about he took, I guess, a Winnebago or one of these land cruisers, one of these big mobile homes, and he went from, I think he's at Spokane, Washington, all the way, I think it was to Idaho or might have been in Kalispell, Montana, or somebody went up in the American redoubt, or as we call it, the Christian Redoubt, the capital of Christian nationalism in this country. | ||
| And Jamie Diamond goes, you know, the people were so nice. | ||
| My wife and I really said that this is really kind of the backbone of America. | ||
| Jamie Dimon, this is how clueless they are. | ||
| Guy runs the biggest bank, one of the most powerful banks in the world, chairman, CEO, been on Wall Street for, I don't know, 40 years, Sandy Wiles henchman, and just doesn't really understand, have the first clue about a place called the United States of America and American citizens. | ||
| But I want to go back to start this. | ||
| This is why we started the cold open with Todd Blanch giving that talk at the Federal Society. | ||
| And because it is the quiet part out loud that, of course, the crew at MSNBC said about, you know, they're going after these judges because they don't agree with the political agenda of President Trump. | ||
| Yo, baby, that's the whole point. | ||
| This is why the Roberts Court has overturned so many of these radical left-wing judges that you judge shop. | ||
| Okay. | ||
| This is why the Supreme Court, because what the Roberts Court has said, essentially in ruling after ruling after ruling, it's not their job to make political decisions. | ||
| It's not their job to get involved. | ||
| That was a warrant court. | ||
| And that's what's been the problem with the court for decade after decade after decade. | ||
| And the Roberts Court, I think because you have some very strong conservatives, or as we call it, the Clarence Thomas Court, right, Judge Thomas Court, is saying we got to get, we're not interventionists, we're not judicial activists. | ||
| The political decisions should be made by Waitfort, the political branches of the government. | ||
| That would be Capitol Hill, the Congress, and the executive branch. | ||
| So I want to start there because it's going to roll through the entire analysis of exactly where we are on a major pivot of the economic policy of the economic policies of the United States. | ||
| Can I play the first cut, the Todd Blanche? | ||
| And I'll tell you. | ||
| I'll just keep my mic on and I'll cut it off when I'm happy. | ||
| Are these guys ready? | ||
| Can they do it? | ||
| Okay, let's go ahead and play it. | ||
| We are routinely getting stays and getting reversals because of local judges just not following the law full stop. | ||
| And it's the same judges, or not the same judges, but there's a group of judges that are repeat players, and that's obviously not by happenstance. | ||
| That's intentional. | ||
| And it's a war, man. | ||
| This idea of war on judges, I'll say two things. | ||
| Number one, the most important judges, the Supreme Court, they do not have a lot of problems with. | ||
| So the buck stops at the Supreme Court. | ||
| They have not really been ruled against pretty much at all and overturned past president. | ||
| But when you hear things like this, I mean, this is out of the Ertigan Turkey playbook, the war on the streets. | ||
| Denver, can you stop? | ||
| Okay. | ||
| Right there, he says the Supreme Court's reversed all these guys. | ||
| It is a war. | ||
| This is called lawfare, and this is a war. | ||
| And this is the principle. | ||
| They don't have the political support. | ||
| So, this is the principal attack that they've used to date is the courts. | ||
| And they go, oh, but this is out of Erdogan where you call it out. | ||
| No, out of Erdogan, and you guys have had the high ground for decade after decade after decade after you removed, starting with the warrant court somewhat, but after you removed Richard Nixon. | ||
| And always remember Jeff Shepard, the Watergate stuff you see in all the presidents, men, that's Hollywood. | ||
| Deep throat. | ||
| That's all Hollywood. | ||
| That's what the liberals put forward, you know, these brave reporters in the Washington Post and Catherine Graham, right? | ||
| All of it. | ||
| That's all kind of, that's deep throat. | ||
| It was a judicial and legal insurrection against Nixon. | ||
| As Jeff Shepard points out, it was lawfare that removed Nixon, and the Republicans didn't have the stones to back him up. | ||
| They folded and Nixon went. | ||
| And then they hermetically sealed off the Justice Department since then. | ||
| This is one of the reasons they hate Trump and they hate what Trump's doing. | ||
| Remember, go back to the Article II powers, the maximalist strategy. | ||
| Part of that is something that no Republican has touched. | ||
| No Republican has touched since Nixon. | ||
| And that is the president is the chief law enforcement officer in the country. | ||
| In fact, Nixon didn't. | ||
| If you study the internal workings of the White House, they were petrified of it. | ||
| Trump ain't petrified about it. | ||
| And this was the years in the wilderness to build the case intellectually to go for it. | ||
| And it is a war. | ||
| And they've been reversed. | ||
| I don't have time. | ||
| We're going to continue with a tape because then the other panelists or the other co-host on the evening show at MSMUC says the quiet part I laugh, you know, they're all over these judges because they don't agree with the political agenda of Donald Trump. | ||
| We don't give a damn what a judge thinks about the political agenda of the executive branch or Capitol Hill. | ||
| That's not their purpose. | ||
| That's not their job. | ||
| Check this thing called the Constitution. | ||
| The high and mighty legal profession. | ||
| This is how they get you on your back foot. | ||
| This is why the audience, you've been knocking on doors and giving money to Bush and all of them. | ||
| And they went along with this. | ||
| They went along with this. | ||
| We ain't going along with this. | ||
| This is the battering ram that Trump is, and this is why they hate him. | ||
| They understand they have to stop this. | ||
| This is their focal point. | ||
| Yes, they got some wins, and we'll talk about that. | ||
| Taking on some populist issues. | ||
| But this is the heart of the matter. | ||
| This is what their defense has already been. | ||
| This is what their offense is. | ||
| This is why you have the grand conspiracy case now in South Florida to take that part of the deep state down and basically give them a Carthaginian piece, to take it apart brick by brick and salt the earth around it so it never comes back. | ||
| Just like Carthage. | ||
|
unidentified
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What was it? | |
| The Third Punic War? | ||
| Short commercial break back in the warm in a moment. | ||
|
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| Okay, we're gonna get to the um, to the visas, the Hb1 Vs. I'm gonna get there, but we gotta lay the groundwork for this first um, because part of this And this is very important for you to understand, because you're the shock troops. | ||
| It's important every now and again, I think, that Central Bomber Command, you know, tell the shock troops, hey, this is kind of the overall, this is kind of the overall plan. | ||
| And obviously, the railhead of that is the Oval Office and President Trump. | ||
| It goes without saying. | ||
| However, you got to watch the inputs. | ||
| And I'm not so sure he's getting dealt with straight on some of the information he is. | ||
| Maybe he is. | ||
| I'm not feeling it, but we'll get to that also in a little while. | ||
| Scott Besson, by the way, is going to be at the Fed in New York. | ||
| Remember, the Fed in New York is everything because that's where the trading desk of the Federal Reserve. | ||
| That's where we're selling these bonds every day, quote unquote, printing money. | ||
| This is how you're paying for the $2 trillion deficit. | ||
| And let me just go on and say again, Charlie Gasperino. | ||
| And, you know, Charlie and I have had our moments and we've disagreed on a lot of things. | ||
| Charlie Gasperino is 100% correct. | ||
| I put it back up on Getter last night. | ||
| This is one of the reasons you got to get Getter, because you get all my brilliant thoughts, you know, instantaneously. | ||
| Gasperino is right. | ||
| The 3%, which may be, I don't know if that's the target right now for inflation. | ||
| In full-spectrum energy jobs, the president's absolutely correct. | ||
| And supply chain corrections, absolutely correct, to get costs down. | ||
| But when you're putting in a $2 trillion stimulus every year, and old brother John Maynard Keynes tells us this is not the time you should be putting in a $2 trillion stimulus, and he's the guy that thought it up on kind of classic economics, you're going to have embedded inflation. | ||
| What's the gospel we preached on this for, I don't know, starting in 2001, or excuse me, 2021, when Biden had those plans coming out of the gate, right? | ||
| We said this is going to be inflationary. | ||
| This is going to be inflationary. | ||
| This is going to be inflationary. | ||
| What was it? | ||
| Inflationary. | ||
| Back to the courts. | ||
| Because the economic piece here is of whole cloth. | ||
| To make America great again, one of the basic subsets of this, foundational elements, and this goes back to President Trump's book when he was a civilian. | ||
| He wrote a book that came out from Regnery Press, I think in 2011. | ||
| I want to say in 2011. | ||
| When people were talking about, is this guy going to run for president against Obama, et cetera, et cetera? | ||
| I mean, he was not a main topic of conversation, but it was out there. | ||
| And I think that is around the time Obama, I think, went after Trump at the White House correspondence dinner. | ||
| President Trump came out with a book. | ||
| I believe the title of the book was Time to Get Tough. | ||
| Subtitle, Make America Great Again. | ||
| It's a fantastic book. | ||
| We put it back out. | ||
| I think we republished it in paperback during the 16 campaign or shortly thereafter. | ||
| It's a fantastic book because it kind of lays out President Trump's theory of the case. | ||
| And you have to return to become a manufacturing hegemon, a manufacturing superpower, because the concentrated forces of American industry came to a conclusion. | ||
| That conclusion was we've got to get high-value added manufacturing out of the United States. | ||
| Number one, the workers cost too much now as far as wages go. | ||
| Number two, we've got to pay them a retirement. | ||
| Same reason they got Taj Gill off the balance sheet at the Pentagon. | ||
| We don't want to pay these guys health benefits and we don't want to pay a pension, right? | ||
| The way Marty Bannon, you know, could raise, have my mom, a housewife, the hardest job in the world, raising five hammerheads, and on essentially a foreman's paycheck and then lower white collar later with a pension, or as my dad said, benefits, drilled it into you. | ||
| Basically paying the health care for the kids. | ||
| Okay, they want to do that and they want to get away from environmental because they can make China a dumping ground like they used to make the United States a dumping ground. | ||
| Why is that? | ||
| Because the effluent was in charge as a cost of production. | ||
| It was just free. | ||
| Boom. | ||
| It's the commons. | ||
| Let's just dump it. | ||
| That's not capitalism. | ||
| And that's the system today the kids are rejecting. | ||
| This is corporatism. | ||
| At best, it's crony capitalism, but it's corporatism. | ||
| And these are rent seekers, and they're trying to be rent seekers. | ||
| And you can see this all over. | ||
| So I want to continue, though, because right now they have chop-blocked President Trump's tariff policies the entire way. | ||
| They've gone after his emergency powers, whether it's emergency powers, the CEO of the country, to fire guys and cut costs, cut spending, whether it's commander-in-chief to say we have an emergency on the southern border, an invasion, and I'm going to start shipping guys home that are here illegally back to their point of origin. | ||
| And particularly what drives them the craziest is President Trump as a chief law enforcement officer and chief magistrate. | ||
| Let's continue on with MSMEC's analysis of President Trump's war on the judges. | ||
| Let's go ahead and hit it. | ||
| The judicial branch. | ||
| We need to go after them. | ||
| We need to beat them. | ||
| This is scary stuff. | ||
| It's really chilling. | ||
| This is one of the most dangerous and damaging things that's happening right now in our country is the disrespect for judges and the public calls for others to disrespect and disregard judges. | ||
| We have a constitution that has three equal branches that all have a job to do. | ||
| And the job of the courts under our Constitution is to rein in the executive branch. | ||
| This administration does not accept that as a legitimate constitutional function of courts. | ||
| They seem to believe that it is the job of judges to get on board with and rubber stamp the political agenda of the president. | ||
| That is absolutely not the case and that is very dangerous to our democracy. | ||
| It is also very dangerous to the judges who are out there trying their best every single day to do the job that they are ma'am, lady. | ||
| They're not looking for you getting on the political. | ||
| They want you to stay in just, this is why the Supreme Court's reversing so many of these. | ||
| Just call the balls and strikes about the legality. | ||
| And this is where they hope to chop block him. | ||
| At everywhere, remember the whole first, when you had the days of thunder and we were flooding the zone every day. | ||
| Remember we talked about the judges, this is what they were going to try to run into court. | ||
| And we won the vast majority of those at the Supreme Court level. | ||
| Now, that gets the, that is the commercial relationships, right? | ||
| And if they unwind that, if they unwind his emergency powers, because what they called for is that, hey, we have an emergency around a national security emergency around manufacturing in this country from a national security basis. | ||
| And that's obvious. | ||
| We've gutted this country. | ||
| This is why Trump won in 2016. | ||
| Hillary Clinton went, remember, she went down to Brazil. | ||
| I think at the end, Stephen Miller and the guys made this magnificent like two and a half minute closing. | ||
| Our closing argument was an ad that I think was two and a half minutes long. | ||
| Nobody ever seen anything like it. | ||
| Not that we had a lot of money left over to even put it up on television, but it went viral. | ||
| Part of it's Hillary Clinton. | ||
| It was all Hillary Clinton the globalist. | ||
| This is a populist movement. | ||
| This is economic nationalism. | ||
| The important things are twofold. | ||
| Number one, what is in the best interest of the United States of America? | ||
| Number two, but right there next to the wingman in number one is what's in the best interest of American citizens. | ||
| Not foreigners, not foreign citizens. | ||
| Their countries got to take care of themselves and people, they should negotiate hard. | ||
| I've never whined at all about the Chinese Communist Party using rare earths. | ||
| Hell, the Wall Street and the corporatists sold it to them. | ||
| Does this remind you of Lenin's mocking the capitalists by saying, hey, you're going to sell us the rope with which we will hang you? | ||
| That was the rare earth situation. | ||
| Gun decking the whole process to see if it was a national courage to get over there so they could get the high value added or the heavy rare earths. | ||
| Things like Magnus, Scott Besson, the Secretary of Treasury, just didn't randomly go down to some plant in Sumter, South Carolina. | ||
| He went down there for a reason to show, hey, we're fighting back on this thing. | ||
| We're fighting back. | ||
| We're having a sense of urgency. | ||
| We're having that good old American stick-to-itiveness, ingenuity. | ||
| And why is it important to bring it back? | ||
| A guy named Tom Peters wrote a book that came out in the early 1990s that was the definitive book on how you run companies called In Search of Excellence. | ||
| That book had a theory of how you run a company. | ||
| And it wasn't by just the mathematics. | ||
| It wasn't by how you ran manufacturing companies was based upon the lessons of Hewlett-Packard in the early days of Silicon Valley and all the way up to that current time. | ||
| And that was, and that was, and also Intel, I think, both of them, that was management by wandering around. | ||
| Why? | ||
| Because you had the RD shop. | ||
| You had the scientists and the technologists and the tech guys, the wizards. | ||
| They were in a shop in a location that was right near the manufacturing plant. | ||
| So management could go around, wander around the production line and see what's going on. | ||
| And so could the technology guys. | ||
| They were cheek by jow. | ||
| And that's what led when we finished with every day at noon or every hour segment, we finished with the right stuff. | ||
| The right stuff are about the test pilots and about the astronauts in the Mercury program. | ||
| It's their courage, their unbelievable courage. | ||
| That's why they had the right stuff. | ||
| They had that whole mix of American grit and tenacity and courage and optimism and can-do attitude. | ||
| But underpinning that, underpinning that was an excellence in manufacturing, that in seven years you could put it together and you could go to the moon when Kennedy gave the challenge. | ||
| That is what we're missing today because the manufacturing, not totally, but somewhat because the manufacturing is in mainland China. | ||
| And that's coming home. | ||
| And I told you for years, they're just not going to sit there and go, oh, this is lovely. | ||
| Why didn't we think of that? | ||
| Why don't we ship these factories back? | ||
| Short break. | ||
|
unidentified
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Here's your host, Stephen K. Bass. | |
| The other part is obviously the Big Beautiful Bill and the Supply Side Tax Cut. | ||
| So the supply side tax cut, the trade policies converge on a massive program to redirect the American economy. | ||
| It has not been done since it started in the late 60s, 70s, 80s, but it picked up massive momentum after the Bush-first Bush administration went over and bailed out the Chinese Communist Party in Tiananmen Square. | ||
| They sent General Scalcroft over, who is essentially their national security guru, to tell Deng Xiaoping and these guys, you got to get it back in line. | ||
| You can't be killing 10,000, 20,000, 50,000 people in front of the world. | ||
| College students are putting up paper-mâché replicas of the Statue of Liberty because you want freedom. | ||
| Lao Beijing wants freedom. | ||
| They want to live a life in the most ancient society on earth, the Chinese society, that they can have the pursuit of happiness. | ||
| How about that? | ||
| Yet we didn't back their play. | ||
| Make sure you understand that. | ||
| The corporatists and the globalists did not back their play. | ||
| They were like, they weren't all great people, but the large majority of them are kind of like the revolutionary generation here. | ||
| They wanted to break out from totalitarian structure. | ||
| We didn't back their play, and that really began the turbocharge of shifting the arsenal of democracy to the Chinese Communist Party. | ||
| The arsenal of democracy. | ||
| Essentially the arsenal, the Industrial Revolution superpower that won World War I. | ||
| That would be us. | ||
| They'd still be fighting World War I if the United States had not come in. | ||
| And World War II. | ||
| Full stop. | ||
| And the economic plan, and people talked about it. | ||
| Scott Besson came on here for years. | ||
| It's one of the reasons he was on the short list to even be Secretary of Treasury because he had laid out what Trump's vision was, President Trump's was to get a supply-side tax cut. | ||
| And Scott kept making the argument, this may be the last chance you get it. | ||
| Now, part of that, a big part of that, is you have to have a workforce that's ready to rumble. | ||
| And it is true, much of the high-value-added manufacturing, not all of it, there's some high-value-added manufacturing here. | ||
| A lot of the manufacturing has left for Asia. | ||
| Of course, all the people come in. | ||
| No, no, no, no. | ||
| It's all technology. | ||
| Technology taking the jobs. | ||
| No. | ||
| Technology took certain parts of jobs as you're going to have automation. | ||
| But the bulk of it was shipped overseas by private equity, by Wall Street, by the corporatists. | ||
| Why? | ||
| Because they got higher returns. | ||
| This is not quantum mechanics. | ||
| They got higher returns. | ||
| They got higher returns. | ||
| High returns means higher equity prices. | ||
| They can pay off debt. | ||
| They leverage these things up. | ||
| They pay off debt. | ||
| They blow it out. | ||
| They make the money. | ||
| And the devil catches the hindmost. | ||
| And that would be the American worker. | ||
| Who until Trump came along, think about the decades and you had Bush and these guys, they ran the exact same campaign as what Jack Citterelli in New Jersey. | ||
| Tax cuts and, oh, government's too big. | ||
| We're not going to stop the growth of government, but we're going to bitch about it and bellyache about it and pretend to all conservative Inc, the National Review and Tel Aviv Levin and the entire crew at Fox, that we're going to do something about it. | ||
| Think they did anything about it? | ||
| Think they did anything about the courts? | ||
| Think they did the hard pick and shovel work that Trump's doing every day? | ||
| And did I mention that Trump's not perfect? | ||
| He's an imperfect instrument. | ||
| But he's an instrument infused by divine providence. | ||
| If you had not had him and you didn't have him today, you wouldn't have anything. | ||
| And I realize there's some days and some comments that get you all worked up. | ||
| We're here to calm you down and say, let's keep, this is 12 o'clock high. | ||
| You're in a bombing run. | ||
| Stay focused. | ||
| Don't be getting off the main event here. | ||
| Now, about with Christy Noam, and look, she's in charge of you got the terrorism thing, all that, but she's got Stephen Miller, and she got Homan, and her thing is to figure out how to not just seal the border, which we have sealed the border when they told you for years you couldn't do it. | ||
| They've sealed the border. | ||
| And she's got, I don't know, there's over 2 million people have left. | ||
| Now, I don't know, it's 200,000 to 600,000 we deported, and the rest have just left on their own because now you see enforcement. | ||
| You've sealed the border, and you see enforcement, not just in the media, but you see it on the streets of the sanctuary cities and or some of these raids in the company. | ||
| So people are going, hey, you know, the wages here are great, but I don't want to live like this. | ||
| I'm going to go home and figure it out. | ||
| Part of this issue, though, about the manufacturing base, no, I think we have to come up with a plan of how you cut foreign-born people with visas and people with green cards by, let me throw a number out, 50% in 10 years. | ||
| How's that? | ||
| Let's just have a target. | ||
| Let's get together and have a target, and that's our target. | ||
| And that would not be giving Stu, first of all, be blowing out the foreign students. | ||
| And if the colleges have based a business model upon foreign students paying top dollar, you know, $40,000 a year, and an in-state, you know, Hispanic, black kid, white kid, Asian kid paying, I don't know, $15,000, $18,000. | ||
| And that gap, that arbitrage is how you're paying all these left-wing professors tenure. | ||
| Who's got tenure? | ||
| You got tenure in your job? | ||
| You got tenure in your job. | ||
| Even the president of these United States doesn't have tenure. | ||
| Hell, they impeached the guy twice. | ||
| Didn't remove him from office. | ||
| They impeached him twice. | ||
| They tried to turf him out. | ||
| And then they tried to kill him later, send him to prison, kill him later. | ||
| It's a whole, the whole college thing is another total scam. | ||
| Somebody sent me the UCSD. | ||
| I think University of California, San Diego, I think, I don't know, it's the fifth top public university in the country. | ||
| It's another one of these public IVs. | ||
| They sent, I don't know, page 90 of some internal assessment they're doing about their math skills of the basic student population shows up. | ||
| Let's say this is not great. | ||
| Now, that gets to the point where they talk about the advanced chip design. | ||
| Remember, the convergence on the singularity, advanced chip design. | ||
| This is what Jensen wants to send to, and David Sachs wants to send to the Chinese Communist Party and to the companies, because of course we got to make a level playing field for people who are trying to kill us and are in economic warfare with us. | ||
| And that, oh, we can't have any regulations. | ||
| There can be no regulations. | ||
| No, if you put a regulation on us like a hair salon on Capitol Hill to get your hair braided or to get your nails done, if you put in that level of regulation on AI, oh man, they freak out. | ||
| You're a decelerationist. | ||
| And remember in the movie Mountain Head, they try to murder the guy just mentions, hey, maybe this thing, maybe, you know, we take a second look, maybe slow down. | ||
| They try to kill him. | ||
| The Elon Musk character and the Steve Jobs character and the Zuckerberg character. | ||
| So this is where we are. | ||
| And you got now Scott Besson throws a whole different one, a whole nother thing out there. | ||
| Hey, whoa, whoa, whoa, whoa, whoa. | ||
| We're just bringing them in for a couple of years to train. | ||
| So it's going to be specific industries where we're actually lacking just the craftsmen. | ||
| They're going to trade. | ||
| And I don't think, and people in Georgia got to correct me if I'm wrong. | ||
| I'm not so sure the battery situation in Georgia was just bringing in the best guys to train people and then they're going to go home. | ||
| My understanding, and maybe my facts are wrong, but I don't think so. | ||
| My understanding was local folks in Georgia notified people because the poor South Koreans were living, I don't know, 10 to a room like they want the HB1B guys. | ||
| I don't think they had the official visas. | ||
| And they may have been training guys, but I don't think the program was that, hey, they're just here to help us and train us and then they're leaving. | ||
| I think they were here as indentured servants because that's what the H-1B program is indentured servitude to basically compete against Americans take jobs at lower wages and probably less benefits because the people can't raise their hand and say, hey, I don't think I'm being treated fairly because you're going to get turfed out of here and your family's not going to get out of here. | ||
| So first off, on Chrissy Noam and all the visa programs, I think we got enough folks. | ||
| I just think we got enough folks for right now. | ||
| Until everybody gets a good, high-paying, high-value added job, particularly the 12 million people taking STEM have been STEM. | ||
| Remember, this is the thing, the STEM people are kind of the moral equivalent of what we celebrated for the last two days, Veterans Day and the 250th of the Marine Corps. | ||
| And then we did the Navy before that. | ||
| We did the Army before that in sequence as they were set up by the Continental Congress 250 years ago. | ||
| These are people that have dedicated sometimes their entire lives, sometimes part of their life. | ||
| I mean, the Bannons, we were people that go in for seven or eight years, do a couple of tours, and then punch back to civilian life. | ||
| Mo did this. | ||
| I did this. | ||
| My kid brothers, a Navy pilot, did it. | ||
| His wife, who was a Navy nurse or corpsman, every time I say Navy nurse, she's in my grill, a Navy corpsman. | ||
| But you have other people that stay. | ||
| Some have stay for one term. | ||
| But hey, they take part of their life and dedicate to service to their country. | ||
| And obviously, some people with the roll of the iron dice get into Chosin Reservoir or the Tet Offensive or Second Fallujah or Najaf. | ||
| You get into these situations. | ||
| The STEM kids are kind of the, and what I'm saying is they have dedicated, they're the ones in the third and fourth and fifth grade that aren't goofing off in math class, are taking physics very seriously, that are paying attention. | ||
| They're near the top of their class. | ||
| They're very dedicated. | ||
| They have great math skills. | ||
| They're what you want in a very advanced industrial economy. | ||
| What is it? | ||
| I think the status, we got 12 million of those that are either unemployed, have stopped looking for work, or are working at a job much lower than their skill set. | ||
| That's a national tragedy. | ||
| That has to be a priority to get those people back to work at good jobs as a priority. | ||
| We don't need foreigners to do that. | ||
| And this is my problem with Lutnick. | ||
| Lutnik, who I don't think understands any of the trade deals he's on top of. | ||
| This is why it shouldn't be lost to you. | ||
| Anytime it's an important trade deal, all of a sudden you see Scott Besson kind of appear, right? | ||
| You see Scott Besson with the Chinese. | ||
| Besson kind of appears because I think he understands the math. | ||
| And he's not a bond salesman. | ||
| You're not selling me anything. | ||
| You're negotiating a deal. | ||
| You know the details. | ||
| I'm not sure Luttnick's on top of any of those. | ||
| And particularly, the single worst performance of any cabinet secretary was right there in the Oval Office a couple of months ago when they bring out this new H-1B, which Rosemary Jenks, who's the hammer of all hammers, said, hey, the administration is moving in the right direction. | ||
| This is the right direction. | ||
| And she's got stuff that she's going to reveal on Capitol Hill that's even more breathtaking than that. | ||
| Because I've always been adamant for 10, 15 years. | ||
| You've got to get this program's a scam, total scam. | ||
| It's got to be gotten rid of, as is the student situation. | ||
| What Lutnik right there told the president was not just not wrong. | ||
| It was so bizarrely over the top wrong, you realize that either A, he's just a bald-faced liar, but even this lie was too big. | ||
| He's just not particularly bright, and he doesn't understand this. | ||
| Because the way he presented it was like $100,000 a year for five or six years. | ||
| We were essentially going to close the deficit, which should say, well, hey, hang on, how many are you letting in? | ||
| But that's the situation right now. | ||
| With Scott now, I got a whole new thing. | ||
| We're just coming here temporarily for shipbuilding, some weapons. | ||
| And the advanced chip design is a special category. | ||
| You know, some people have told me over, you need a place like Taiwan that has, you know, half the nation has 800 on their math scores, which we don't. | ||
| Because it's both an art. | ||
| It's both a science and an art. | ||
| But we've got to see those numbers. | ||
| What are you talking about? | ||
| Now they're only going to be here for a couple of years. | ||
| Has anybody told the H-1B department that that's actually a case, Secretary Besson? | ||
| I love it. | ||
| Well, let's say I don't love it, but I like it a lot more than what else I'm hearing. | ||
| Has anybody informed the guys that it's temporary? | ||
| You're going to come over to train people up, and as soon as they're trained, you're leaving. | ||
| I don't think corporate America works like that. | ||
| I think as soon as they get cheap labor, you've got to go in with a trenching tool and dig it out because, hey, that adds to the operating income, which adds to the bottom line, which is going to mean a higher multiple and a higher stock price. | ||
| And guess what? | ||
| My management package is going to kick in and I'm going to make a whole lot more money. | ||
| This is kind of Elon's deal on the batteries and all his, you know, every tax break that he wants. | ||
| Anyway, short commercial break. | ||
| We're going to continue on in the war room. | ||
|
unidentified
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We will fight till they're all gone. | |
| We rejoice with the no more. | ||
| Let's take down the CCB. | ||
| Here's your host, Stephen K. Bass. | ||
| Okay, so we got a lot to get through. | ||
| What is driving this? | ||
| What's driving this is the tech bros and the oligarchs because their avarice has no bottom. | ||
| These people do not put this country first. | ||
| Most importantly, they don't put the citizens of this country first. | ||
| They think you are totally, completely disposable. | ||
| Two things happened. | ||
| Last week, we know from the Wall Street, many things. | ||
| The Wall Street Journal's done some great reporting. | ||
| Yes, you heard that from Steve Bennett. | ||
| Some of the reporting is unbelievable. | ||
| It's the editorial direction of the Murdochs that I am always adamantly opposed to because they're always dead wrong. | ||
| Don't take it from me. | ||
| Look back over their recommendations. | ||
| I don't know, the last 20 or 30 years. | ||
| But we talked about it's just not about AI. | ||
| We're going to get to that back at the top of the art again, artificial intelligence. | ||
| It is about the underpinnings of that. | ||
| And they announced that I think two of the four frontier companies are saying that they have reached human intelligence level. | ||
| If you look at the curve on that, if you look on the curve on that from the time Chat GPT, because that was an inflection point, we could get the actual response by talking. | ||
| That was a huge internally to the AI, to artificial intelligence, a huge move. | ||
| That's what shocked people. | ||
| It had come that quickly. | ||
| They thought that might be a decade away. | ||
| Well, guess what? | ||
| It wasn't. | ||
| And if you look at what's happened since then, they're accelerating at an accelerating rate. | ||
| Now, I'm not saying that the economics of this makes sense. | ||
| I think you are seeing a little bit of a bubble where they're in a virtuous cycle. | ||
| One guy announces they're raising money. | ||
| He's going to buy chips and they're going to buy, you know, they're going to use cloud computing. | ||
| They're going to use the Amazon Global Cloud Network. | ||
| So one announcement from one capital kind of goes through the system and all the stocks run like it's all one central thing. | ||
| And you've got some smart people, a lot of people involved in shorting the market before the 2008 crash that kind of went through and understood how the derivatives were a house of cards. | ||
| I think Michael Burry and that crowd are now starting to short certain stocks. | ||
| And so that whole thing is maybe tenuous. | ||
| But what's coming out is that they're making, in these frontier labs, of which we know nothing that's going on, they're making, it looks like, tremendous advances. | ||
| When they talk about, hey, we may be at the human intelligence level, your brain's a pretty special thing for human intelligence. | ||
| Why? | ||
| Because you're imbued with the power of God because you're made in his image and likeness. | ||
| This is why Homo sapiens have kind of taken the lead from all the other species. | ||
| In addition to the fact you have an immortal soul, might I add, as a footnote, keep that in mind. | ||
| Particularly keep it in mind when you go back to Mark 13, you've got Christ basically bringing up the apostles or the disciples who are back from a trip where they're calling it his power is a power of the devil or Beelzebub where he says, hey, you can do anything, but you mock the Holy Spirit, you blaspheme the Holy Spirit. | ||
| That's an unforgivable sin. | ||
| This is coming from the Son of God. | ||
| Boom. | ||
| The second person in the Trinity saying, hey, I can't help you. | ||
| Nobody can help you. | ||
| That's a pretty big. | ||
| I take the number two principle and write that one down. | ||
| Let me remind you. | ||
| Okay, let me get that and make sure that's always up on my dashboard. | ||
| So I remember that. | ||
| People in Silicon Valley don't remember it because they've never learned it and they're not interested in learning it. | ||
| They care less. | ||
| They're going to do what they do. | ||
| Now, on top of it, the Wall Street Journal has been doing amazing work. | ||
| Oh, by the way, that the Chinese Communist Party is doing everything possible to worm out of the deal on rare earths that you saw Scott Besson down in South Carolina a week ago. | ||
| They're trying to get everything our military industrial complex. | ||
| The production lines for our military can't get access to it because obviously they are thinking of they have a plan at some point in time to go if they have to go Kinetic in the South China Sea in the Straits of Taiwan in an invasion on Taiwan to get their hands on those chip factories. | ||
| And you're not going to be able to ship them to Arizona soon enough. | ||
| That's going to take a while. | ||
| Part of that is workforce. | ||
| There's no doubt about that. | ||
| But I think Secretary Bessett, and maybe he does it today in this speech, we're going to be covering. | ||
| They're running a little late, as is often the case. | ||
|
unidentified
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He's out. | |
| He's out. | ||
| We're going to go to Break Anyway. | ||
| We don't have the feed? | ||
|
unidentified
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No. | |
| Lost the feed. | ||
| We'll get it back. | ||
| We'll go to Break at the Top. | ||
| But a story that we went into, I don't think anybody else covered it. | ||
| A huge story from the Wall Street Journal the other day. | ||
| I believe it was Friday. | ||
|
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It might have been Saturday. | |
| It talked about, and this is how these guys are like. | ||
| It talks about, I'm going to throw out a random name. | ||
| Sam Altman. | ||
| Oh, yeah, you mean the open, the chat GBT guy, Open AI, that guy. | ||
| The guy whose CFO says the other day, yeah, we want an ecosystem. | ||
| It's got private equity and banks and everything. | ||
| But, you know, the government's got a role, you know, just for guarantees, particularly our debt, which could be hundreds of billions of dollars. | ||
| And then, of course, Zero Hedge had a magnificent article tied together about 10 things about how the hundreds of billions of dollars, not just for the data centers, but now for the energy, which they don't want to pay, which is going to drive your energy cost up, they're going to need some government reliance because so much money, they don't want to raise it through equity because they'll get wait for it dilution. | ||
| Dilution. | ||
| So it turns out Sam Altman's got another side hustle. | ||
| He's involved in something with another great guy from Coinbase, I think it is. | ||
| Another tech bro, a crypto guy. | ||
| And what are they doing? | ||
| It's illegal in this country, but they're designing basically genetically produced, they're doing biotech kids. | ||
| You heard of test tube babies? | ||
| These are genetic lab babies where you can pick as a couple the height, the weight, where they have blue eyes. | ||
| Most importantly, hey, let's get him so the kid can throw a 98-mile an hour fastball, right? | ||
| Or jump if she wants to, if we want her to play volleyball or basketball, how about that? | ||
| How about tennis? | ||
| All of it. | ||
| By the way, let's plug in. | ||
| Can we plug in 130 IQ while we're at it? | ||
| Doing it right now and doing it in the dark of night, and it was outed by the Wall Street Journal. | ||
| We're going to get that. | ||
| In Florida, they're fighting back. | ||
| And man, this blows their head up. | ||
| Local citizens, the plebs, the plebeians, the unwashed masses actually stepping forward here and say, well, hang on for a second. | ||
| You're letting loose these bots, this technology on our children. | ||
| Maybe I got something to say about that. | ||
| Stick around. | ||
| We're going to also go to New York and try to get, if we can get our technical glitches worked out. | ||
| It's not RAV. | ||
| It's not Warroom. | ||
| It's what's happening at the New York Fed. | ||
| Maybe the New York Fed doesn't want us to hear what Scott Desmond says. | ||
| Like, who knows? | ||
| Could be a market changer today. | ||
| Birchgold.com. | ||
| Take your phone in and text Bannon, B-A-N-N-O-N at 989898. | ||
| Get the ultimate guide for investing in precious metals and gold in the age of Trump. |
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