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Nov. 14, 2025 - Bannon's War Room
47:55
Episode 4925: Federal Criminal Probe Into Swalwell; Gene Editing And Creating Your Own Future
Participants
Main voices
m
mike davis
06:25
n
natalie winters
10:40
s
steve bannon
15:51
Appearances
b
ben bergquam
02:44
j
jake sherman
02:12
k
katy tur
01:41
l
lisa rubin
01:44
m
mike lindell
01:23
Clips
j
jake tapper
00:10
k
katherine long
00:47
s
stephanie ruhle
00:10
| Copy link to current segment

Speaker Time Text
katy tur
California Congressman Eric Swalwell, now the fourth Democratic official to face mortgage fraud allegations, according to new reporting from NBC News, President Trump's top housing official, Bill Pultey, reportedly referred Swalwell, again according to NBC News, to the Justice Department for a possible federal criminal probe based on allegations of mortgage fraud and tax fraud related to a DC residence, according to a person familiar with the referral who, again, spoke with NBC News.
jake sherman
I mean, that's basically the argument.
Remember where this is coming from.
This is coming from Bill Pultey, who runs the FHFA, Federal Housing Finance Authority, and somebody who is close to the president and has at times clashed with other people in the White House, but has this close relationship with the president and based on our reporting and public reporting, does a lot of what the president wants him to do.
And listen, I don't know the particulars of Eric Swalwell's living situation.
So again, this letter, which I believe we do have, although I'm not entirely sure since I've been on with you, doesn't really lay out in rich detail what they are going after him for.
But to be honest with you, as Lisa just said, if you look at the list of people that the administration is targeting, it's all people who are political adversaries of the president.
So we'll see where this goes.
Eric Swalwell has made a name for himself up here on Capitol Hill as somebody who is probably one of the most ardent critics of the president going back years.
And Trump World has gone at him with everything they have over the last few years as well.
So I am not surprised by this in any way, shape, or form, to be frank with you.
katy tur
He has his own statement.
Here's what he says.
As the most vocal critic of Donald Trump over the last decade and as the only person who still has a surviving lawsuit against him, the only thing I'm surprised about is that it took him this long to come after me.
Like James Comey and John Bolton, Adam Schiff and Lisa Cook, Letitia James, and the dozens more to come, I refuse to live in fear in what was once the freest country in the world.
Of course, I will not end my lawsuit against him and I will not stop speaking out against the president and speaking up for Californians.
As Mark Twain said, patriotism is supporting your country all the time and your government when it deserves it.
Mr. President, you better be better.
All right, the other bit of news, as we watch what happens next with Eric Swalwell, and I am curious to see if Republican lawmakers start to get uncomfortable with this and maybe start to say so.
Jake, you let me know if that starts happening.
But I assume it hasn't happened yet.
jake sherman
Katie, could I make one point?
katy tur
Yeah.
jake sherman
Could I make one point here?
Sure.
You hit a key point, which is a lot of members of Congress have homes in Washington, D.C. Many, many, many of them.
If you're going to do something like this on the merits, and by the way, it ain't cheap.
I'm just saying.
It's a complicated living situation that costs a lot of money.
I would imagine that a lot of people have a lot of, you know, people have mortgages in both places and stuff like that.
I'm not familiar enough with the law to know whether what defines a primary residence.
He's a resident of California.
Clearly, he's elected from California.
But if you're going to start poking around at the living situations of 535 members of Congress, which by the way, we have done in the past in my career looking at living situations, it is complicated.
katy tur
Lindsay Halligan and whether she is allowed legally to bring these cases.
Lisa, there was a court hearing about this today.
That's why you're standing out there outside.
Tell me what happened.
lisa rubin
You know, Judge Cameron McCurry of the District of South Carolina, Katie, came up here to Alexandria, Virginia to the courthouse right behind me to hear arguments from lawyers for Tish James and James Comey together about why Lindsey Halligan's appointment here was unlawful and why, in light of that, the indictments against both of them cannot stand.
And Judge Curry is not a particularly demonstrative judge.
She's not a person that you can really tell her moods based on her expressions, for example, or where she's headed.
But she asked a couple of questions that indicate to people like me where this is going.
And the first question out of her mouth, and this is in Politico's very good report of today's hearing, was she asked the defense if they were in possession of what's called the declamation memo that was written in the Comey case.
A declination memo is sort of what it sounds like.
It is a detailed legal memo laying out the reasoning why prosecutors believe that in the interests of justice, a case should not be brought.
Now, Jim Comey's lawyers don't have that, but Judge Curry is asking the question because the government's position here is if anything went wrong in the appointment of Lindsey Halligan, it's nothing more than like a scrivener's error or a paper error.
And I think what Judge Curry is driving at is, no, no, no, something here was very substantial.
Something here was gained that otherwise would not have been.
You had lying prosecutors authoring a declination memo.
Maybe that's not in your possession now, but we know it to exist.
And if they didn't want to bring the case, the very fact that Lindsey Halligan was appointed here and that Eric Siebert, who had been her predecessor, was forced to resign, that is a very consequential decision and one that matters here.
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies because we're going to 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.
jake tapper
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.
steve bannon
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. Bannon.
steve bannon
It's Thursday, 13 November in the year of our Lord 2025.
You're in the war room.
We're packed for the next two hours.
I'm going to start with Halligan.
Natalie, Halligan, even being, who's bringing these people to court?
One of the dark forces that we highlighted all the time is the back of it.
Who is it?
natalie winters
Well, I'm going to shock you, but it's linked to the Arabella Advisors Dark Money Network in this case.
Another euphemistic name.
It's the Campaign for Accountability.
But I'll read this.
steve bannon
Is this Mark Elias got the fee for Norm Eisen?
natalie winters
Norm Eisen.
He and Jen Rubin over at their new Substack gig, The Contrarian, were hosting a pretty bizarre live stream where they were talking about specifically this strategy where they're bringing these lawsuits against these interim U.S. attorneys to try to force it to the judges to basically pick their replacements.
steve bannon
And they're fundraising off of that.
natalie winters
Of course.
unidentified
Yes.
Yeah.
natalie winters
But it's, I mean, fake money to begin with.
Let's not get into the act blue stuff.
But yeah, all these lawsuits are basically cut from the same cloth in terms of the entities that they're coming from.
steve bannon
The Viceroy's with us, Mike Davis.
Mike, so Natalie's just told us who's doing this.
They're fundraising off it.
I mean, if you watch MSNBC, they're beating themselves on the chest to how great a strategy this is.
Are they going to get Halligan?
Are they going to get Halligan off this case, sir?
mike davis
Well, even if they have some Democrat-appointed judge temporarily get her off this case, it will get appealed up through the appellate system to the Supreme Court.
And I think the Supreme Court is going to side with the Trump Justice Department on this.
She was appointed based upon a statute giving her 120-day appointment.
And then the Attorney General, Pam Bondi, also made Halligan a special attorney to the Attorney General.
So she has full authority to do what she's doing.
And they could just make her the first assistant U.S. attorney, and she can continue doing her job as the first assistant.
Here's the bottom line.
They may try to get some Democrat judge to temporarily knock these U.S. attorneys out of their positions, but it's not going to fix their problem.
If you look at what Halligan has done so far in response, for example, to Comey's motion to dismiss the indictment for selective prosecution, Halligan showed overwhelming evidence in response to that, that Comey lied to Congress and obstructed the congressional investigation.
She just put out more evidence today when Comey asked for a bill of particulars.
This evidence is very damning against James Comey.
And I can see why these Democrat activists are running to these Democrat judges to try to get rid of Halligate.
steve bannon
But they're also trying, I want to make sure the audience understands that these filings are solid.
They're trying to make a case that there's real no evidence on Comey and they didn't file anything and the judges are upset and they're asking again today because they're trying to build a narrative that the Trump Justice Department is just a group of unprofessional savages that run into court with indictments but then don't have anything.
They're not ready to go to trial.
They haven't done anything.
What are the facts here, Mike, as you see them?
mike davis
The facts are that Lindsey Halligan working with Kash Patel and Dan Bongino and Senator Chuck Grassley's office have unearthed tremendous evidence of guilt against James Comey for lying about the Russian collusion hoax, Crossfire Hurricane, lying about these ongoing investigations, obstructing congressional investigations.
Lindsay has shown the receipts and she's doing it the appropriate way.
It's Comey who's inviting this.
He's filing these motion, the motion to dismiss the indictment, the motion for a bill of particulars.
And in response to each one of those, Lindsey Halligan has shown her receipts.
And again, this evidence is overwhelming and it's damning.
Now, of course, he gets to go to trial.
He can put on his own evidence.
He can confront the evidence and the witnesses against him with cross-examination.
He's presumed innocent, all of that.
But if you look at this evidence with his own emails, if we have a fair judge and a fair jury, Comey's going to prison.
steve bannon
How long?
On Halligan?
mike davis
Absolutely.
You broke up, Steve.
I apologize.
steve bannon
Now, how long on Halligan before the judge comes to some conclusion?
Is she on the case or not on the case?
mike davis
I think this judge is going to bounce Lindsay from the case because it's a Clinton-appointed Democrat judge.
And of course, they know that Lindsay's over the target.
And so they're going to do everything they can to stop her.
They're going to try to create this smoke around her.
She will eventually get put back on the case.
I don't know if it's going to be the Fourth Circuit who does it or the Supreme Court that does it, but Lindsay will be back on this case.
But it's going to be a temporary setback by these Democrat operatives working with these Democrat judges.
steve bannon
But they still chop block us and they get some time to do the judges.
Before I go to Swalwell, I want to talk about this.
It's kind of confusing.
Except we got Ben Berquam here who's been out operationally with these folks.
What are these judges doing?
They're going to let these ICE detainees just go?
It's very confusing what they're saying.
And it's quite dangerous, Mike Davis.
mike davis
These Democrat activist judges are lawless.
They do not have the jurisdiction to just free these ICE detainees like they think they do.
There's an immigration judicial system that's run through the Justice Department.
There are immigration judges, and you go through that process.
You don't just run to district judges and get hundreds of illegal aliens, dangerous illegal aliens, freed from jail because some Democrat activist judge has a policy disagreement with the American people and our duly elected president of the United States.
Again, President Trump campaigned on the fact he's going to secure our border.
He's going to expel these illegal aliens.
And the American people liked what they heard.
They elected Trump with 312 electoral votes, all seven swing states, the popular vote.
He kept the House.
He won a comfortable margin in the Senate.
These Democrat activist judges do not have the power to interfere like they are in the president's core Article II executive powers.
steve bannon
But they're going to make a decision next week.
This is another thing that's probably going to have to go to an appellate court.
I mean, it's all to slow down the process, right?
If they slow it down, that's a victory for them.
unidentified
It's judicial sabotage, and they know it.
steve bannon
Hang on for one second.
Swalwell, is he being indicted for a fang fang?
Are we getting a real case here?
Or is it something that's not?
unidentified
I wish.
natalie winters
It's the limited hangout.
steve bannon
No fang fang.
natalie winters
No fang fang.
steve bannon
So yet?
For yet?
unidentified
Okay.
natalie winters
Well, we should, for treason, probably.
Like everyone there.
It's probably as commonplace as insider trading.
I also meant to add, the same group bringing this lawsuit, they also gave Fusion GPS hundreds of thousands of dollars for their investigations against Devin Ninez.
steve bannon
That's right.
These guys.
natalie winters
No conspiracies, no coincidences.
steve bannon
All the money goes back to these dark money sources.
Do they not, ma'am?
natalie winters
I would love to find one actually organically grassroots-funded left-wing group.
I've yet to do so.
steve bannon
Okay.
The Viceroy, can you stick around just for a couple minutes on the other side?
The Viceroy Mike Davis is with us.
We also have Ben Berquam.
Ben Berquam's been out in Chicago and other places on those raids.
You saw these bad ombres rolled up, right?
Illegal alien invasion being reversed by, wait for it, a federal judge that Mike Davis saying, hey, don't even have the jurisdiction.
Anyway, we'll get to that.
Swalwell referred over for a criminal indictment on another real estate transaction.
Turns out, I guess he lives in the, got a house in the district, not a house back home in his congressional district.
Mike Davis is with us, Ben Berquam.
We've got a lot of artificial intelligence, financing, capital markets, all of it.
Today in the war, take your phone out.
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katherine long
America's Voice family.
steve bannon
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steve bannon
Okay, welcome back.
Viceroy, Swalwell referred criminal charges or criminal charge today on his real estate transactions.
You've seen this with Big Tish James.
You've seen this going around.
Your thoughts about this.
Is this President Trump?
They're accusing President Trump of being vindictive against, as Swalwell calls, his number one enemy.
I don't know about that, but is this being vindictive or is this just going through and playing by the rules?
mike davis
Well, I mean, I think people like Eric Swalwell told us that nobody's above the law.
So if he violated federal law with mortgage fraud, then he should be held accountable for it.
But, you know, we'll see.
It smells pretty bad right now for Eric Swalwell.
And we'll see what the evidence shows in this particular case.
But you can't lie in your mortgage applications to get a more favorable interest rate if it's not your primary residence.
steve bannon
This is where they got President Trump on the bizarre theory of like different interest rates for banks.
Fang Fang was 2015.
Is that still beyond the statute of limitations on his treasonous activity with the Chinese honeypot, sir?
mike davis
Well, it depends on the crime.
I mean, the general statute of limitations is five years.
If you've committed a federal felony, it could be more if you're dealing with espionage.
But if there's an ongoing conspiracy, if you're covering up your conspiracy, that continues the conspiracy.
So, you know, if again, Eric Swalwell was pretty adamant that nobody was above the law during four years of Biden's law affair against Trump, his top aides, his allies, and his supporters.
So it sounds like that the same would be true of Swalwell.
steve bannon
Speaking of conspiracy, and you should know, MSNBC, every day they're keeping a chart.
So when you get another Swalwell, they go, oh, this is like the fifth of President Trump's enemies that he's gone after.
Speaking of conspiracies, South Florida, I know that you can't and we should not, and we don't want the details, but do you have a sense directionally where we're headed, sir?
mike davis
Jason Redding Kiñones is a very good friend of mine.
He is a Cuban refugee kid.
His family escaped Cuba.
His family escapes, politicized, and weaponized intel agencies and law enforcement.
He grew up very, very modestly in Little Havana in Miami with an extended family in a three-bedroom, one-bathroom apartment after they escaped Cuba.
I imagine that Jason will not have very much tolerance for anyone who politicizes and weaponizes intel agencies and law enforcement to go after their political enemies for non-crimes.
His family escaped that.
And so he's the perfect person to investigate this criminal conspiracy.
I know that he has got the court to open a special grand jury or another grand jury in Fort Pierce starting in January.
unidentified
So we'll see what happens.
steve bannon
Mike Davis, Article 3, where do people go?
Warroom posse, they're getting itchy for some action.
Where do they go, sir?
mike davis
Yeah, it's the lawfare Democrats.
Lawyer up.
Justice is coming.
Nobody's above the law.
And you can go to article3project.org, article number3project.org.
Donate only what you can afford.
Follow us on social media.
And as we know, the War Room Posse superpower action, action, action.
steve bannon
Thank you, sir.
Appreciate you.
mike davis
Thank you.
steve bannon
Ben Burkwam, you've been in the streets with the ICE agents on the raids, kicking down the doors.
You've covered it all.
Your thoughts today as you see a federal judge basically saying we're going to let 300 of these bad hombres that are here illegally go back and walk the streets of Chicago.
Your thoughts, sir?
ben bergquam
Well, I just want to start off by saying where this all originated from.
This is a settlement agreement, a consent agreement between the previous regime under Secretary Marcus and leftist activist organizations out of Chicago that attacked President Trump in his first term.
This was decided, this consent agreement was decided in 2022.
If my math is right, it actually should have already timed out.
But basically, what you have is judicial activist judges working with activist regimes like we had under Joe Biden.
They knew they were letting in millions of illegals into our country, and then they would pass these things.
They would grant these activist organizations like the Illinois Coalition for Immigrants and Refugee Rights and the Organized Communities Against Deportation.
They would basically bend over and give in to their demands to say that we won't arrest illegal aliens unless we have a warrant on additional criminal charges.
That's what it all comes down to.
The bottom line is ICE is going after everyone, and they should go after everyone.
And part of the reason why they're going into the communities and having to do this is because of the very sanctuary policies that Chicago implemented.
So instead of going into the jails and picking these guys up that have committed crimes that have committed additional crimes on top of being illegal, they have to go out into the community and arrest these guys.
And when they're out in the community arresting these guys, they're also picking up additional illegals.
That's what we're up against.
And sadly, you still have all of these.
You have organizations like these Indivisible.
I'm right here across from one of the detention centers here in Little Rock, Arkansas.
And every day you've got these leftist activists coming out.
The same organizations that are trying to obstruct ICE in the streets are out here attacking ICE for doing their job.
steve bannon
Yeah, be careful, Ben.
It looks like it's getting rowdy down there.
So just we got to bounce, but I want the audience to know: you've been on many of these raids with the ICE agents.
It's dangerous.
This is why they have to cover up because of the leftist organizations trying to dox them and get to their families.
What's the morale like?
When you've got the ICE guys that are doing these very dangerous raids, and now you've got these federal judges about to let people go, bad ombres go.
What's the morale like inside of ICE?
ben bergquam
I'll tell you, it's real simple.
They love this administration, and they hate these judges.
That's the bottom line.
These guys want to be able to do their job, go after the bad guys, and they watch what these judges and these activist organizations are doing, and it makes them sick.
But I've had multiple officers come up to me and say, we're finally able to do our job again.
They love President Trump.
And that's why we have more applications for ICE than we've ever had.
Over 200,000 applications for people trying to join ICE right now.
steve bannon
200,000 is extraordinary, unbelievable.
The patriotism of these folks and the job they're doing.
Ben, social media, your show on Saturday night, and where did we get you in the interim?
ben bergquam
Your coordinates at Ben Berkwom is my personal at RealAM Voice.
New episodes of Law and Border, America's Voice.news.
My sub stack is FrontlineAmerica and my website, frontlineamerica.com.
We're going to continue to bring it to you.
The truth that the mainstream media and the biggest thing is the conspiracy charges against all of these organizations that have been working together to undermine President Trump.
Article 3 Project Davis does an amazing job with that, but it all ties back together.
All of these guys need to be prosecuted.
steve bannon
Ben Berkwam, thank you, brother.
ben bergquam
Yes, sir.
steve bannon
Thank you.
It's dangerous out there.
See the guy yelling in the background?
I want to go, I know we've got AO, we've got so much to go through, but I want to talk about first your Norm Eisen, Mark Elias.
These guys are a problem.
It's a much bigger problem when we were in the years in the wilderness.
The right has nothing like this apparatus that the left has.
This very constant money machine, a cash machine from sources we don't know.
They're funding people who are effective.
We don't like Norm Eisen.
We don't like Mark Elias, but they're coming up with good suits.
They're slowing us down because they understand to slow us down is to win because we are burning daylight.
We only have so much time to do it.
What do we have to do?
And what should we be doing?
Because I thought that we were going to try to do this because Antifa was designated a foreign terrorist organization today, which gives us a lot more flexibility on the financial tools.
To go to get to Arabella, to get to Soros, to get to these funding of, I know they're doing terrorists, potentially doing some terrorist financing, we'll get there, but for the Arabellas and these guys that continue to come up and provide cash for the Norm Isons and the Mark Eliases, ma'am.
natalie winters
Well, let's link it to what Ben was just talking about.
And I think if you juxtapose the tactics that they used to oppose President Trump's first-term immigration agenda with what they're doing now, you can see how much they've evolved.
What do I mean by that?
Remember, it was mainly the congressional hearings where they were hammering these company CEOs to essentially divest from companies that were working with ICE.
What did Ben just say?
That you have protesters from Indivisible.
That's, of course, the same group that organized the anti-Doge, anti-Tesla, anti-Trump, all these protesters.
steve bannon
No Kings.
natalie winters
The No Kings stuff, right?
steve bannon
No Kings.
And they're on MSMEC every night.
I think they're, I don't know if they're a couple, but it's a man and a woman.
And they're trying to get it.
natalie winters
Ezra 11.
Yeah, but it's kinetic, right?
That's the point.
That's the shift in tactics.
And if you trace the money on who's funding that stuff, we obviously exposed that they were reimbursing a lot of these protesters and these groups.
It all traces back to the same people.
I think the Trump administration needs to put their best people on actually investigating.
steve bannon
Some task force that goes after this.
natalie winters
In the same way, I'd put it to the Eric Swawall thing.
Now, we're not saying that he should just be locked up because he had an affair with a Chinese spy.
No, I actually want a really meaningful and thorough investigation because I would love to see why the MSS targeted him, how they targeted him, what they extracted out of him.
Because you can reverse engineer.
steve bannon
How do you get to a city congressman?
Why was he targeted?
The whole thing.
We want something that's.
natalie winters
They start at the local level, like we've exposed in the story yesterday about the mayors going over to China the day before President Trump meets with Xi and Busan.
So there's a lot of layers to it where I think that it's mischaracterized what we want, right?
It's just haphazardly throwing these people in prison.
We love the rule of law.
We love transparency.
Let's investigate it.
You love the rule of law so much, by the way.
Can I just add?
unidentified
Sure.
natalie winters
On MSNBC, I usually like it when our enemies are a little bit more intelligent.
For them to say that it is pure weaponization based off of the fact that they're going after President Trump's political enemies.
I'm sorry.
I think you, the fact that they, what, Joe Biden literally went after President Trump, ruined Juliana?
I'm so glad that I'm so glad we can agree weaponization is happening based off the people you're going after.
steve bannon
Do you think enough time and effort, we get about a minute, enough time and effort are focused on the railhead of money, particularly the way the money flows through here?
Because they have so many.
natalie winters
It's happened to the ACT Blue investigation.
steve bannon
Well, this is what I'm asking.
I mean, I think DOJ and Treasury.
natalie winters
And edgy results, not edgy memes or edgy press releases.
steve bannon
So Treasury said they've set up at IRS a group, and it's got another group, the same type of group, money laundering, terrorist financing, et cetera, in Treasury.
unidentified
I think that's got to be, they've got to be like Elliot Ness.
steve bannon
We have to ramp that up.
natalie winters
We have a problem with verb tenses in MAGA.
Stop saying you're going to.
Do it.
steve bannon
No more strongly worded letters.
Okay, short commercial break.
Natalie Ryden, shotgun.
We've got a lot to go through.
Artificial intelligence.
Also, the Chinese Communist Party, I know that's going to shock you on a Thursday afternoon in the war room.
Back in a moment.
unidentified
Quick recap of what is that timeline?
So for the U.S. Agency for International Development, just to put it into scope and scale, it has been around for more than 60 years.
It has had bipartisan support, strong bipartisan support.
It has had earmarks in every budget.
So this was a well-established agency of some 10 to 14,000 staff, $40 billion in procurement.
Every year, we had all read Project 2025.
We were somewhat prepared for this administration and in other ways not prepared at all.
So ahead of the inauguration, some groups, such as our Office of Transition Initiatives, which works specifically in countries and places that are transitioning from perhaps authoritarian governments or wartime into more peaceful and structured, hopefully democratic governments.
OTI has been a major player.
So they pre-organized because, as Danielle said, they had organized during the previous Trump administration to respond to threats to our U.S. democracy.
Also terribly organized that I'm proud about is our gender and sexual minorities employee resource group.
We are a cautious community and well prepared for we saw the writing on the wall and the attacks that were already happening during the election cycle.
And so we had already moved our group away from the USAID main systems into signal chats to protect our community there.
January 20 happens.
Inauguration of the international side.
Certainly our USAID community has very close relationships with locals across the entire world and have worked globally on global trends, global authoritarianism.
This movement right now, we're very much framing it as an anti-authoritarian movement in the U.S.
But dependent, you know, the authoritarians are networked globally.
And this has our movement, our very movement that we're talking about right now, has the potential to ultimately maybe be a global anti-authoritarian movement given our networks.
The foment of the current constitutional crisis is our opportunity to catalyze and synergize a dynamic change making, a dynamic change, making fractal ecosystems capable of co-generating the emergence of the new thriving together based socio-political economic governance systems.
That is a long sentence.
steve bannon
I can listen to that all day.
I can take that.
Where did you get that?
That's like one of the best clips we've had in a while.
natalie winters
Well, I think we have to clarify here in the war room, we are very, very, very against the socio-political economic governance systems that they are plotting on these secret phone call email Zoom sessions that they've been hosting.
We actually discussed this.
steve bannon
It's like a witch's COVID.
natalie winters
That's being charitable.
It's much worse.
If you remember back in Tampa, actually, at one of the turning point events there, that was when the Notice story broke, which talked about how a lot of these USAID officials were gathering to sort of plot and plan their opposition.
steve bannon
Basically, NOTIS did back in July.
natalie winters
Where they were trying to co-opt people who were still working there to get them on their team.
They were passing around a CIA pamphlet called Simple Sabotage.
And one of the quotes that they gave to Notice, I remember I sent it to you and you were like, this has to be fake.
They were literally saying, you only like there's it was very cryptic.
They're like, you only just fired a bunch of people who are experts in launching color revolutions.
Now what are we going to do to the United States?
I'm like, hold up.
I thought USAID was about, you know, charity and soft power.
Thanks for yet again admitting that the war room was right.
But that is the video portion of basically what we were talking about a while ago.
And you can hear them talking about how they were setting up these encrypted group chats talking about it.
But the real crux of it, as I think.
steve bannon
I want people to know this is on U.S. taxpayer money.
natalie winters
These are people who your tax dollars used to pay the salaries of.
steve bannon
Unbelievable.
natalie winters
Openly admitting to using that time to sabotage.
And then, once they get fired or axed from the job, actively sabotaging the president and trying to coerce employees who are still there to join them.
steve bannon
We were not ready for this administration.
That's their word.
Because President Trump blew them out so quickly, right?
unidentified
Exactly.
natalie winters
And but I think the other important thing, and it goes back to what you were talking about, the FTO designation of Antifa, is that they're talking about how they're working with their international colleagues, right?
They're talking how they're working on this global anti-authoritarianism movement.
And what have we always honed in on here in the war room?
It's language.
And what have we always said?
It's authoritarian and autocrat.
And why do they use that?
It's the gateway drug into opening the Pandora's box of the color revolution tactics that the Normizens of the world have been drafting.
And you see that to the point where Brookings Institution's democracy playbook, it was originally drafted for use abroad.
And then they do the 2025 edition just days before President Trump is sworn in, talking about how they're going to use these tactics here.
And now who is it that's using lawfare?
I guess they can't impeach him because they don't have the House.
Just wait.
They're going to do that.
But they're doing everything that they can using these outside of the system kind of tactics.
And that's exactly what they're talking about.
steve bannon
Explain to the audience how you can have Republicans, because the funding of USAID is still a thing.
I mean, it's still a thing.
You still have certain members of the Republican Party, including, you know, I'm not blaming Marco, but they're all saying we want to shift it over to the State Department, right?
This is what they're trying to do, to have the State Department oversee it, because there's so many good things it does in foreign countries.
This is a joke, right?
natalie winters
Well, because they're not Republican, I guess they're neocons.
You can debate over what really a Republican is.
But look, I always approach this idea that USAID has some inherent value to it.
Seed the ground that it does say soft power is important.
You cannot tell me that if you actually have an analysis of what USAID has done over the years to advance American soft power abroad, that it does anything remotely close to what the Chinese Communist Party has done with regards to Belt and Road, right?
Instead of giving infrastructure and ports and data centers and all that, we've been giving really weird, woke cultural programming.
steve bannon
And by the way, they have elite capture.
They have predatory capitalism.
natalie winters
Eric Swawel, what do we have?
steve bannon
We got nothing.
natalie winters
But I also think the point, too, is that in the midst of the entire news cycle, right, of USAID being attacked and collapsed, all the ways they framed it, they could have had so many people go on cable news.
They could have had so many case studies of how effective the work that they were doing was.
And okay, sure, did they find a couple Trump haters to go on there and go on 60 Minutes?
I think we uncovered one of them as being a Democrat donor or something like that.
But I never really saw any wonderful stories.
Like, oh, the poor children.
It's like that's what I mean.
Like, make the case.
steve bannon
They can't.
This color revolution continues to be a big problem.
It's not being vetted.
It's just like Arabella.
natalie winters
It's not taken seriously.
steve bannon
It's not taken seriously enough to actually shut it down because you see it rear its head.
And this is why I keep saying, and at that July turning point, that's when I made this, you know, the three-part, you know, the Tampa resolves.
You have to go after the deep state, and this is part of it.
This is one of their funding mechanisms.
Your sub-stack's gotten to be amazing because of the investigative reporting.
You've got something on sub-stack with our favorite topic, the Chinese Communist Party and technology, and maybe some greedy Americans in the background.
What do you got?
natalie winters
Well, let's call it maybe rendition number two of the piece we were talking about just a few days ago having to do with U.S. tax dollars flowing to China's kind of premier rare earth laboratory.
steve bannon
That thing is still getting me upset.
I've actually made some calls.
natalie winters
Well, trigger warning.
steve bannon
I've made some calls because I said, how can we possibly be doing this?
They're using the rare earths against us, and we're actually funding the rare earth institute studies.
natalie winters
But that fits perfectly in Chinese military code, right?
Strangling you with your own systems, subduing the enemy with what we have going on here, winning the war without firing a shot, right?
That's what they did.
And it always goes back to the four-year interregnum between both Trump terms, where they shored up all the shortages that they viewed that they had from phase one of negotiations.
So I guess we've got to really square it.
steve bannon
Was the lighthizer when they realized they were about to sign up for a deal that would put them in, and so they tore it up in our faces and nothing.
Then we got the skinny deal, but and they launched COVID, the pandemic, and they never effectuated anything in the skinny deal.
But they learned that lesson.
In those four years under Biden, they were going to make it Trump-proof when it came back.
They were going to make it China hawk-proof.
natalie winters
You can see they consolidated basically all their state-owned rare earth and magnet companies into one, the China Rare Earth Group in 2021.
And they rolled hard.
And it wasn't just within the borders of China, it was everywhere.
And they were very successful.
So that's the USAID.
What is USAID doing for rare earth?
It's an absolute clown show.
But the latest example, it's actually even worse in terms of who's involved and how far-reaching it is.
We have actually been funding the state key laboratory for semiconductors too, with funds coming not just from the Department of Energy and the National Science Foundation, also the Navy, the Army, DARPA, and the National Institutes of Health.
steve bannon
So we're in what is called a chip war, right?
How can we, we're talking about the defense of Taiwan?
Do we defend it to South China Sea?
We're trying to move the plants over here to Arizona as quickly as possible.
We realize it's going to be 10 years or 15 years or 20 years.
How at the same time can there be a think tank or research area that they basically control to essentially help them and that we have various institutions of the United States government, particularly ones in national security, the Army.
natalie winters
The Army.
steve bannon
How does this help?
unidentified
Stop.
natalie winters
The Army is funding the tip of the spear of China semiconductors.
steve bannon
Is it subversion or is it just the system is so globalist?
They're such globalists.
And they see them as a pure competitor and not as an existential threat.
Is that the reason both in the rare earths and here in the semiconductor that the rational argument you can make is that people in here, they're like Fauci in the Wuhan lab, the research that NIH was doing?
Or is it something, is it something darker?
natalie winters
Well, I think China views it accurately like a Thucydides trap, a sort of Athens-Sparta-esque replacement power vibe and dynamic.
And they see that and they view us as the power that they will replace.
steve bannon
But how do we...
natalie winters
The scientists here don't view it like that.
steve bannon
That's what I'm saying.
And the decline, you know, Fauci would never live near Wuhan because science was such a high temple.
It was bigger than China than the United States.
Is that the problem here with the rare earths?
And it's just, why are these people continuing to do it?
And hey, no offense, Pete Hegseth and Russ Vogt, love you guys, but why is this not broomed?
Why would we just do an NDAA at $1.2 trillion and this is not the first thing you rip out of it?
natalie winters
Well, I think it goes back to all the reporting that I've done that we focused on this show.
It is elite merger, right?
It's the idea of managed decline.
But I mean, if they're going after these low-level mayors, they're going all the way up to the top.
We obviously saw that with Joe Biden.
But I think that the difference, and I think you even sort of see it reflected in the MAGA ethos right now.
The Chinese Communist Party understands the inflection point of history and the time we're at.
I don't think our leaders have ever really understood that because the Chinese Communist Party, it's not just the typical critique of that they think in decades, we think in four-year terms or whatever.
They view the arc of history, right?
They understand that rare earths, this sort of unrestricted warfare approach empirically is how they will overtake the United States.
They learned from us what happened in the graveyard of empires, Afghanistan, right?
They don't want to have to fire a shot.
steve bannon
No, if they have to fight foreign devils, kinetic warfare, they think that's a loss just to begin with, right?
They are going to do this either psychological warfare, economic warfare, political warfare, the whole technology warfare, communications warfare.
And so you're saying that that is their strategy, and they just view the West as too weak, right, to step up to it.
And you got to admit, when you see these types of things we're funding, whether it's Wuhan Lab, whether it's the Rare Earths Research Institute or here on semiconductors, all three of those are primary major, they look at it as weapons of war, right?
We look at it as a way to have a group share with these guys.
It's just a total difference of mentality.
unidentified
They are.
natalie winters
And even is the EMP stuff, right?
The undersea cable cutters.
What happens when IndoPaycom is removed, doesn't have access to the mainland, right?
There's Guam, think about everything that they're doing over there, right?
It's all together.
And I think the MAGA connection point I was trying to make in the same way that our audience is sitting here frustrated that maybe they're not taking on the deep state as forcibly as they should be.
There's also just a lack of understanding that the Chinese Communist Party is our most existential threat that they should be engaged with as such.
And, you know, in Trump 1, we saw a lot of movement against this sort of united front, almost like the humant stuff, right?
Like the actual targeting people with people like Feng Feng.
A lot of these groups are actually sanctioned.
They were said, no more.
You're not, if you go there, like you're cut off.
And these groups have been kind of welcomed with open arms.
steve bannon
Is that the tech bros?
Is that the brolegarts and the corporatists that just have much more say-so in this in the second term?
natalie winters
And they're the ones that are market access.
But it's that they have no principles.
They don't care.
They're not actually MAGA.
steve bannon
We're going to talk in a moment about our favorite topic, artificial intelligence.
And that's going to lead in.
Joe Allen's going to be here at 6, talk about genetic engineering.
One of our favorite topics here about the singularity.
Short commercial break.
Birchgold.com.
End of the dollar empire.
Find out why the Chinese Communist Party Central Bank's buying gold at record rates and why they are trying to organize the BRICS nations to destroy the U.S. dollar.
Check it all out.
Back in a moment.
unidentified
Your host, Stephen K. Bass.
steve bannon
Okay, welcome.
We're going to do this a little differently.
I got a very special out.
Mike, you're up right now, brother.
Sell me a pillow and sell me some towels, sheets.
What do you got?
mike lindell
Today, you guys, you guys loved it.
This is our early Black Friday special.
All the blankets we have came in for the Black Friday special.
Five different kinds of blankets.
We have, what do we have here?
We have shams, pillow shams, $12.99 for pillow shams.
You guys, all of this is on sale for Black Friday.
This is a war room exclusive and free shipping on every single item.
So you have all these five different kinds of blankets.
There's duvet covers.
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All of this that we have set aside.
It all came in now for Black Friday.
This is a war room exclusive.
You guys went out.
You know what?
And if we run out before Black Friday, I guess you guys are the only ones that get it.
So go to warroom.com, mypillow.com forward slash war room.
There you guys see the other Black Friday special.
You took commands of NAP5, the five MyPillows, the Bible pillows, you guys.
Use that promo code Warroom, free shipping on your entire order.
And call 800-873-1062.
Steve, everybody's loving this.
We did a special for the War Room posse.
The early all the blankets you can for promo code Warroom, you guys, free shipping on anything you order today.
steve bannon
The most powerful promo code in the business.
Mypillow.com promo code Warroom.
Mike Lindell, thank you, brother.
We'll see you tomorrow morning during the 10 o'clock or 11 o'clock hour.
How about that?
So in Zero Hedge, they had, first off, this story that Zero Hedge finally put pen to paper.
$5 trillion, AI has to be financed for the data centers, and the energy, whether it's nuclear power plants or, and they don't care, right?
Now, here's the catch.
Of the $5 trillion right now in a back envelope, Natalie, a trillion dollars is going to have to come from U.S. taxpayers.
That's why the Open AI CFO said the other day, well, you know, we're going to have a kind of an ecosystem and U.S. taxpayers are going to be in the middle of that.
Is this the biggest populist nationalist versus the tech bros fight that's coming right on the horizon?
Is they keep all the upside in AI and the Grundoons are going to have, are going to, they're going to socialize the risk and the Grundunes are going to pay for it.
natalie winters
Well, and $650 billion annual revenue, I think that's what they have to have in order to make it all work.
Of course, I think this is really the real reason why so many of these people have pretended to be MA, right?
They want us to continue to underwrite.
steve bannon
You think it's a sucker's play?
natalie winters
Is it ever not?
steve bannon
God, you're so cynical.
natalie winters
I know.
I'm more jaded than you.
steve bannon
You weren't like this when you went to the house.
I went to prison.
natalie winters
And I grew up.
steve bannon
Next man up.
unidentified
I guess doing the show for four months will make you cynical.
steve bannon
When is this going to pop as like a major because it's going to be a huge fight on our side?
When do you think that happens?
natalie winters
I mean, I think you're already seeing it happen right now.
That's why all these people are cozying up to him, right?
That's why you're seeing the dinners.
It's why people are shelling out for the ballroom.
It's why, you know, this crypto weird thing is happening.
It's not altruism.
It's not even effective altruism, though it's probably some weird combination.
steve bannon
It's not abundance.
They try to, is it Klein?
Was Klein tried to sell that to the left?
It's not the age of abundance.
natalie winters
Remember, they're never forthright with it until they're caught.
That preventative story, right?
They only put the website up after they're reached out to you for comment.
They're only now trying to euphemize the spin of bringing public dollars in because they know that they're already there.
steve bannon
This is huge.
Can we play the clip and I'll jump in?
Let's go and play the clip.
This is from Stephanie Ruhl, the Wall Street Journal.
Two huge stories out of the journal last week.
Number one was how artificial intelligence, oh, by the way, two of the frontier companies may have reached human knowledge capacity, which is kind of a small thing, right?
And also, one of the most disturbing stories behind the scenes, OpenAI CEO Sam Altman was at Armstrong over at Coinbase, creating a genetically engineered human, a baby, to kind of drop onto the world.
This was, Stephanie Ruhl did a great job the other night.
Let's play it before we roll into Joe Allen.
katherine long
Sam Altman's family office and Coinbase co-founder Brian Armstrong are backing this company, Preventive, which, as you mentioned, is conducting preclinical research to attempt to create a baby from a genetically engineered embryo to prevent a hereditary disease.
Behind the scenes, the company has told people that a couple had already been identified who was interested in participating in the research.
stephanie ruhle
Okay, you also report on a plan that is meant to, quote, shock the world into acceptance on this.
What can you tell us?
katherine long
Brian Armstrong, the Coinbase co-founder, floated a plan to produce this baby in secret.
A spokesperson for Armstrong.
stephanie ruhle
That's like a horror movie.
katherine long
I will say a spokesperson for Armstrong told us that he floated that plan only in order to point out what a bad idea it was.
And he would never suggest that preventive operate in that way.
steve bannon
Okay, this is offensive.
I mean, the guy they set up to do in secret, a genetically engineered from a test tube, a complete baby, a human being, and just drop it on the world to shock the world into acceptance.
This is how these guys think.
This is why they're dangerous.
This is why we have to have regulation.
You're going to have to have it, or we're going to go down a very dark path on AI and genetic engineering.
And I might add, Claire's going to be here tomorrow with her report.
You're going to see at Maha yesterday.
The whole day was genetic.
It was CRISPR.
It was genome sequencing.
They already are trying to co-opt the Make America Healthy Again movement.
natalie winters
Well, and to that point, I'm just curious who has a seat at the table at the White House right now in terms of the discussions about what the path forward ahead looks like on this.
Because from the people that I've seen appointed, the David Sachs of the world, I don't know if Warren Posse got a seat at that table.
steve bannon
No, and listen, I'll tell you this about those guys.
Not in the room, not in the deal, okay?
natalie winters
Even if you're in the room, you're not in the deal.
steve bannon
Posse should be at the head.
Natalie, your coordinates.
Where do people go?
natalie winters
Natalie G. Winters on all platforms and NatalieGwinters.stubsubstack.com.
Always an honor to sit in with you.
steve bannon
The investigations are unbelievable.
And I will tell you, when a young woman like yourself knows more than the people that's supposed to top these programs, because they give them the research, they go, oh my God, that tells you all you need to know.
Okay, Joe Allen's next.
The Heritage Foundation, we've got the Heritage Organization here with the people that focus on genetic engineering.
You do not want to miss this in the war room.
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