Dec. 10, 2025 - Bannon's War Room
51:54
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies because we're going medieval on these people. | ||
| Here's 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 try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big 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. Bannon. | |
| It's Tuesday, 9 December in the year of our Lord 2025. | ||
| You're looking there right there at the Mount Airy Casino. | ||
| I guess the Polk Nose Can see, but outside Scranton, Pennsylvania. | ||
| Why is Scranton so important to folks? | ||
| How many times do we go over this? | ||
| Remember the 2020 election, the rumps of 2020? | ||
| We did all the analysis of, you know, he was Joe from Scranton. | ||
| Remember that? | ||
| Remember that lie? | ||
| I'm Joe from Scranton. | ||
| This is how they tried to make Biden a populist. | ||
| It's a guy from Delaware, the corporate capital of America, Wilmington, Delaware. | ||
| You never heard that. | ||
| They would never allow that to be talked about in the 2020 campaign. | ||
| Scranton was everything. | ||
| We used to do analysis. | ||
| We had people up there. | ||
| Same in 2024. | ||
| Scranton's one of those bellwethers that are doing the national anthem right now. | ||
| Can we go? | ||
| I see people standing. | ||
|
unidentified
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Is that maybe my glasses aren't good enough? | |
| If we have audio, as soon as we have audio, I want to hear the national anthem and all that. | ||
| Can we go? | ||
| Do we have it? | ||
|
unidentified
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Okay. | |
| That's the audio? | ||
| Don't think so. | ||
|
unidentified
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Anyway, let's see if we can, we missed the national anthem. | |
| Okay, right there. | ||
| President's going to go very cramped, jam-packed. | ||
| If you saw earlier, Masso try to get in here. | ||
| We'll go to the stage as soon as they're going to have some pregame. | ||
| Scott Bessant is there, the Secretary of Treasury. | ||
| Ernie Priate, the 80s some of your kind of still gets still gets some ambient noise. | ||
| Let's go ahead and do it. | ||
|
unidentified
|
Please welcome local first responder, Kyle Kashuk. | |
| Good evening, Northeastern Pennsylvania. | ||
| My name is Kyle, and I'm proud to be here tonight. | ||
| I am a born and raised Pennsylvania and working as a police officer and volunteer firefighter just 10 minutes away from my childhood home in Luzerne County. | ||
| As a police officer, I work a lot of overtime. | ||
| For some people, overtime is optional. | ||
| But for first responders, overtime is a reality of the job. | ||
| Communities depend on us to be there in a crisis, whether it happens at Sunday at 3 p.m. or Tuesday at 3 a.m. | ||
| I am proud of the work I do and I'm happy to do it. | ||
| But the hours could take a toll. | ||
| But knowing now that this work isn't going to be taxed, well, that really goes a long way. | ||
| Congressman Bresnahan helped pass the historic legislation President Trump signed that is going to put more money in the pockets of working families and first responders like me. | ||
| Making overtime tax-free helps us stretch our paychecks further at a time when everything feels more expensive. | ||
| The extra money in my pocket is going towards putting down roots, buying a house. | ||
| We're going to have some pre-game. | ||
|
unidentified
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I really feel supported by this policy. | |
| We're going to have to see that they didn't forget us about many moving parts here. | ||
|
unidentified
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Thank you to Congressman Bresno. | |
| Brian Glenn is actually with the president. | ||
| We're going to try to get some helicopter shots. | ||
| I think the president's arriving, and of course the president is going to obviously, when he gets there, is we take you through these. | ||
| Can we just take that down just one more notch? | ||
| There we go. | ||
| Thank you. | ||
| I'm going to produce, direct, and star in this today. | ||
| We've also got Ernie Priet's going to join as soon as he gets up on the riser. | ||
| Brian Glenn's around. | ||
| We're going to get up on the riser. | ||
| There's going to be some talks beforehand, some commentary from local congressmen. | ||
| Remember, there are two congressional seats in play up here. | ||
| Scranton is obviously very important geostrategically. | ||
| When you talk about national elections, it's kind of a bellwether. | ||
| Pennsylvania is a swing state and a bellwether state. | ||
| And of course, Scranton has a strong America First following of the president. | ||
| Biden was able to steal it. | ||
| Remember mail-in ballots in 2020? | ||
| But they made a big deal about Joe Biden being the populist, the populist from Scranton. | ||
| Populist Joe from Scranton. | ||
| I think he spent a minute there when he was born, really from Delaware, the corporate box. | ||
| The president today, and you saw in the background, when we go back to the shot, the establishing shot, I'll show you. | ||
| They've got a phrase in the background about making prices lower, making prices affordable. | ||
| Two things that this is going to talk about today. | ||
| One is obviously affordability, but you don't want to walk into that trap because you have cumulative inflation under Biden at 21%. | ||
| It's going to be very, very difficult to basically get those prices down, even with President Trump's full-spectrum energy dominance, other things he's doing on the supply chain, direct action. | ||
| He's taking presidential action. | ||
| It is possible to stop the rate of inflation or to get that down. | ||
| I think that's what the Secretary of Treasury Scott Besson is working on with the president. | ||
| The other part, as we continue to say, and I think the much bigger payoff, particularly if you look at the Secretary of Treasury, what he's telling us is that the big, beautiful bill, the supply side tax cut, plus the trade and tariffs with what do we have there? | ||
| Is that Ernie? | ||
| Oh, is that the president? | ||
| Let's go and cut to that. | ||
| What do we have there? | ||
|
unidentified
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Is that the helicopter? | |
| there we go right there okay that's the uh we took air force one up there Now we've taken the helicopter in. | ||
| Okay, that's at the local airport. | ||
| Flown in there many, many times. | ||
|
unidentified
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Crowd to meet him. | |
| President Trump, there we go right there. | ||
| Our own Brian Glenn is with him and we'll get a report Let's go ahead and come back to me. | ||
| We'll get to Brian Glenn as soon as we get him up on traveling with the president today. | ||
| This economic speech, the president has made a decision to President Trump and saying, hey, I've heard a lot of people talk and I'm not paying enough attention to domestic. | ||
| I'm going to go on the road and sell this myself. | ||
| President Trump, I think, feels that he's the best salesman for his economic program. | ||
| A big part of the sales pitch today is to focus on what's happened on the Big Beautiful Bill, particularly on the investment side, the capital investment that bring back manufacturing jobs. | ||
| Obviously, Pennsylvania in the Scranton area being around a manufacturing hub, this is very, very important, the write-off President Trump has given people, the appreciation President Trump has given people. | ||
| The other is tariff and trade. | ||
| They're trying to blame inflation on tariffs. | ||
| Nothing could be farther from the truth. | ||
| Tariffs are generating, I think, quite frankly, very surprising returns to Treasury. | ||
| Scott Besson will tell you that. | ||
| But that's not the purpose of the tariffs. | ||
| The tariffs are a forcing function to drive manufacturing back here to the United States from international companies in other countries. | ||
| You have to, if you don't bring your manufacturing back to the United States, you'll pay a tariff. | ||
| You'll pay a tolling fee to get access to the most lucrative consumer market in the world. | ||
| It's just pretty straightforward. | ||
| Those are two massive bets. | ||
| For 50 or 60 years, we've allowed trade and manufacturing or really manufacturing to atrophy. | ||
| And therefore, we've had these massive trade deficits. | ||
| And people on Wall Street and the elites just laughed at Lou Dobbs and others, Peter Navarro, myself, and others to talk about trade deficits and how big, I think the trade deficit is something like $24 trillion right now. | ||
| And how they laughed at, oh, that's just an accounting convention. | ||
| It's not accounting convention. | ||
| That all has to be financed. | ||
| If you have negative trade balances, somehow you've got to finance the purchases from the American people. | ||
| So that's basically your resources going out and stuff coming in. | ||
| You've got to balance that. | ||
| It's very logical. | ||
| It's fought all the time by Wall Street. | ||
| Wall Street hates to talk about it. | ||
| President Trump is the first to really talk about it. | ||
| And this time in his second term, he had the opportunity to do something about it. | ||
| Now he's getting a full-on volley from the haters every day, the economists, the business types that hate fair trade and want to go back to the system that we were just ripped off all the time. | ||
| President Trump in the national security memorandum they just put on Friday talked about it. | ||
| It's the first time, really, as we've said before, you focus on your trade and deficits along with your national security. | ||
| In NATO, we pay essentially, we underwrite their security. | ||
| And on all the trade deals over there, we were upside down, particularly as they negotiate a lot just on the whole for the EU. | ||
| We were upside down and upside down with different nations and particularly on different things, whether it's cars in Germany or other manufactured goods that were made throughout the rest of Europe. | ||
| President Trump says, we're not going to do that anymore. | ||
| We're going to get a trade deal that's going to help balance what we do in paying for your national security. | ||
| Again, this national security memo they put out on Thursday night, Friday morning. | ||
| He said, hey, look, here's the problem. | ||
| We don't even know. | ||
| We have no idea who's going to be in charge in 30 years because we look at, or 20 or 30 years, because we look at what's happening to your countries. | ||
| We look at this flood of illegal migration. | ||
| He said again to Dasha Burns on political, and it has the entire European group with their heads blown up. | ||
| President Trump, that's why he's going to Scranton. | ||
| Today kicks off at least in the end of year, and you're going to see it next year at the beginning of the year. | ||
| President Trump going on the road and explaining to the American people in a very straightforward language, here's what I've done economically. | ||
| He gave himself a grade this morning for the economy of A ⁇ . | ||
| And like I said, reporters talk to me, how could Trump do that? | ||
| I said, listen, he is the architect. | ||
| He's the architect of this economic plan. | ||
| Scott Besson and others, Navarre, are kind of the engineers to come in and help execute on his plan. | ||
| But his plan is very straightforward. | ||
| He's going to make America great again by bringing back manufacturing jobs to the United States. | ||
| How is he going to do that? | ||
| He's going to get capital invested in the United States. | ||
| He's going to give, quite frankly, very attractive tax benefits to companies that will invest now and invest in plant and equipment for high-value added manufacturing jobs. | ||
| In addition, on the world's commercial relationships and these trade deals, he will go is from Liberation Day, I think to April, until today, have teams, you know, Howard Luttnick leading some, Jamison Greer, the trade rep, heading others. | ||
| Scott Besson, Secretary of Treasury, really working on the China deal to head those to make sure that he's trying to negotiate as rapidly as possible, not over a number of years, but within 10 months to a year, trade deals that then give countries an option. | ||
| If you're going to invest here in the United States, you can avoid the tariffs. | ||
| If you're not going to invest in the United States, that's fine, but you're going to pay a different tariff structure for different categories of goods and services. | ||
| Now, President Trump keeps pointing to $18 trillion has been agreed to to come and invest. | ||
| If even a trillion dollars of that is spent in the first part of next year, you're going to have an economic boom like this country has never seen before. | ||
| And you've had the corporations taking advantage of the tax benefits of the Big Beautiful Bill, not billionaires getting tax cuts, companies incentivized to invest in plant equipment that workers today and in future generations are going to have a great, great opportunity to really work in what America is best at, high-value-added manufacturing. | ||
| Of course, now we're into this whole situation with artificial intelligence. | ||
| President Trump, who sees it one way, is looking at, at least as he's briefed by Jensen Wong and these people, that the United States will dominate, not just with us having these chips, but with China actually having chips also. | ||
| Now, there's a lot of people that beg to differ with that. | ||
| We're going to have Michael Sobelik from the Hudson Institute next hour. | ||
| We're going to walk through details of what the Chinese Communist Party has been up to. | ||
| So there's a lot of questions there. | ||
| Anyway, the President of the United States is in Scranton, Pennsylvania, and he is going to give an economic speech. | ||
| Scott Besson, Secretary of Treasury, is up there. | ||
| Our own Alexander Priate, Brian Glenn, entire crew from Real America's Voice. | ||
|
unidentified
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Back in a moment. | |
| Kill America's Voice family. | ||
| Are you on Getter yet? | ||
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unidentified
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unidentified
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That's right. | |
| You can follow all of your favorites. | ||
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unidentified
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Steve Bannon, Charlie Cook, Jack the Soviet, and so many more. | |
| Download the Getter app now. | ||
| Sign up for free and be part of the new band. | ||
| Okay, Getter, I'm up all the time on Getter. | ||
| We now have some, we understand what we're doing here. | ||
| Okay, the president's running about an hour late, I think. | ||
| Brian Glenn took Marine One with him from, I think, the White House. | ||
| They're now in Air Force One. | ||
| It's not that long of a trip. | ||
| It's pretty quick. | ||
| But I don't think the president's going to land until around 6 o'clock. | ||
| So this will be running a little later. | ||
| They were trying to get the president up on stage at 6:10. | ||
| I think we're going to be running late, 6:30 or beyond. | ||
| The John Solomon show will be showing all that. | ||
| We've got other guests we've got to get to in the next hour. | ||
| Birch Gold, precious metals have been on fire. | ||
| Crypto has been all over the place, taking a real hit over the last six weeks. | ||
| I think it's now time for you to fully understand why gold has been a hedge for 5,000 years of mankind's history against times of financial turbulence. | ||
| We're clearly going through some financial turbulence throughout the world. | ||
| This is why President Trump's coming up today to address the folks in Scranton, Pennsylvania, which is one of the key parts when you look at any kind of electoral analysis, how Scranton goes is often how Pennsylvania goes, and so goes the nation. | ||
| Pennsylvania is kind of like Texas in that regard. | ||
| So, Birch Gold, I think the best way to do it is take the phone out and text Bannon at B-A-N-N-989898. | ||
| The ultimate guide, you have no commitment when you get this, none whatsoever. | ||
| You can talk to Philip and Patrick and the team for free. | ||
| They also will show you 401ks, IRAs, all of it, tax deferred. | ||
| You can roll it all over, but talk to them today. | ||
| And don't forget silver. | ||
| In fact, they have a special. | ||
| If you, and Birch Gold does not do this a lot, if you purchase $5,000 of a gold purchase that they sign off on with them, you will get, they will throw in a free ounce of silver. | ||
| And silver's been on fire right now. | ||
| I think it's an all-time high. | ||
| I think it broke 60. | ||
| Check it out: BirchGold.com, Philip Patrick and the team. | ||
| Ernie Priet joins us from the arena there, from the casino, Mount Airy Casino in Scranton, Pennsylvania. | ||
| First off, Ernie, we couldn't catch up with you on the 250th anniversary of the United States Marine Corps. | ||
| Before we talk about the speech and about Scranton, talk to us about the Marines you were with that weekend, a bunch of Vietnam vets. | ||
| What happened? | ||
| Well, thank you very much, Steve, for having me back on. | ||
| And yeah, we had our 250th anniversary of the Marine Corps birthday on November 10th, and we celebrated in Philadelphia with my Mike 37 combat unit from Vietnam, which I was a second lieutenant in. | ||
| And we had a great reunion and was attended by several generals who were from our company that made it to the higher ranks. | ||
| Lieutenant General Paul Van Riper and Brigadier General Tom Droughty. | ||
| And the Marine Corps is in a state of flux right now. | ||
| And so we're trying to keep it to be the fighting force that it's always been for America, preserving the sacred honor of this country. | ||
| It seems like every time they come to a budget, the Marine Corps is always in flux. | ||
| So we'll make sure we have the Marine Corps back in this. | ||
| What was the general temper or take of the men that you served within Vietnam and gave so much in Vietnam about the state of the country today as they see it, Ernie? | ||
| Well, the state of the country back then was we got home and nobody even wanted to talk to us. | ||
| They spit on us. | ||
| But now they want to talk to Vietnam veterans because they seem like they have a lot of sense and went through a lot of hard times and sacrificed so much. | ||
| We're one of the 68,000 people were killed in the armed forces over there. | ||
| So it was not an insignificant battle for us. | ||
| But today, the energy that we're seeing in America is because of President Trump. | ||
| We're seeing Republicans, for example, who are registering Democrats in Pennsylvania enormously. | ||
| We're almost tied with them now. | ||
| This is three years ago, we're 800,000 down. | ||
| Now we're almost even. | ||
| The other thing that's important about Pennsylvania is that we got farmers here. | ||
| And that farm bill is really important to us. | ||
| We needed to get that soybeans out there. | ||
| We need to get that sorghum out to China. | ||
| And that was accomplished by President Trump and Secretary Besant who was doing a terrific job in negotiating with the Chinese. | ||
| The next thing we know is we've got all the gas in the world that we need here with the Marcellus shale, the Utica shale. | ||
| It's right there. | ||
| We could be the energy capital of the whole world. | ||
| And all we have to do is build the ships to take it over to Europe. | ||
| And that's what we're going to try to do. | ||
| That's what Scott Besant did. | ||
| He got the South Koreans to agree to use the Philadelphia Naval Base as a reconstruction base for the building of these LNG tankers. | ||
| Have a whole convoy like we had in World War II going over to Europe. | ||
| And just think about that. | ||
| You re-energize the South Philadelphia naval base and you make it the greatest naval base on the East Coast. | ||
| And it'll be the center point for bringing natural gas from Pennsylvania over to Europe and save them from the Soviets. | ||
| That's all there's important things that the president has done here in this country. | ||
| Well, talk to us about Scranton. | ||
| Why does everybody focus on Scranton? | ||
| Do you remember in 2016 when we were going to pierce the blue wall? | ||
| Scrant was one of the places that we focused on. | ||
| We kind of caught Clinton and them by surprise because they didn't focus on Scranton in 2020. | ||
| Everybody focused on Scranton. | ||
| It was the number one place people looked at. | ||
| Joe Biden made up this big legacy that he was Joe from Scranton, et cetera. | ||
| Why is Scranton so important? | ||
| Well, Scranton's important because it's a cross-section of America. | ||
| You know, you can sell it in Scranton, you can sell it anywhere. | ||
| But the important thing is here that we got people who are poor, and we have people who are rich, and we have people in between. | ||
| And it's a good rural suburban area, and it's important as a bellwether as to what's going to happen in the economy. | ||
| Right now, we're still a little suffering here. | ||
| We've still got prices too high. | ||
| The president's trying to address that. | ||
| We've still got gas prices a little bit too high. | ||
| Still got to address that. | ||
| Still got inflation. | ||
| And the biggest thing is we still have interest rates that are too high. | ||
| And I hope the Federal Reserve tomorrow gets its act in gear and starts cutting those interest rates so we can sell more homes. | ||
| More people can buy mortgages. | ||
| What's the general temper of voters right now in Pennsylvania, particularly people that supported President Trump? | ||
| How do they think we're doing? | ||
| Well, Trump is in a flux right now because he's made a lot of promises. | ||
| He's trying to deliver. | ||
| He's working to get them delivered, making these trade agreements all over the world, including with the Chinese, so he can get those magnets to work, our rare earth minerals. | ||
| Those are important for us. | ||
| And we have to have the people recognize that what he's doing to try to bring peace to the world is significant for humanity. | ||
| And it's been very difficult because he's doing so much. | ||
| All these other things that he's accomplished get lost in the details, and people don't recognize it. | ||
| But next year, the most important thing I want to get across is this. | ||
| Next year, the big, beautiful bill kicks in. | ||
| Oh, the no taxes and the reduced taxes. | ||
| And most of the other thing is this, People forget about that. | ||
| There's a lot of refunds going to be coming back in the first quarter of this coming year, and that's going to be a tremendous stimulus to the economy. | ||
| And so, you're going to have the big, beautiful bill going into effect, and you're going to have the refunds coming back to people as a stimulus, and you're going to have these trade agreements kicking in. | ||
| And so, by the second term, second quarter of this coming year, we're going to be roaring. | ||
| This country is going to be exploding. | ||
| And that's what President Trump is in. | ||
| He's in it for the long haul. | ||
| Ernie, this is also president's coming up because there's two congressional districts up there that are vitally important for us to hold the House. | ||
| Can you give us your assessment of the House race in Pennsylvania in 2026? | ||
| Rob Bresnahan is a great congressman, and Dan Music is a great congressman up here. | ||
| We've got a good congressman down here in the area around Mount Pocono. | ||
|
unidentified
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So, yeah, we have to keep those seats. | |
| You only have a two-vote lead in the House, and if we don't have that, you're not going to get anything in the way of reform done. | ||
| Everything gets stalled. | ||
| So, you've got to win those races, and they're very competitive, they're very strong candidates, and they know how to win. | ||
| They've proven that they know how to win. | ||
| We got a congressman down in the York area that's Scott Perry that's in a big fight right now. | ||
| And he has got, we've got to support these people to make sure that they get elected so that we keep the majority in the House. | ||
| Now, there's some redistricting going on in other states, Illinois, Texas, and all of that. | ||
| That's important, too. | ||
| But the Californians are going to about balance that. | ||
| So, it's the bread and butter state that Pennsylvania is the keystone state that you've got to rely on to produce the winner. | ||
| And the winner is going to be President Trump and the American economy for the American people. | ||
| Ernie, you've been an attorney general of the Commonwealth of Pennsylvania. | ||
| You know how tough that job is. | ||
| What would be your advice to Pam Bondi and others? | ||
| We've got about a minute. | ||
| I want to hold you through the break. | ||
| Pam Bondi and others about going after the deep state. | ||
| People are chomping the bit. | ||
| They want to see some arrests. | ||
| They want to see some prosecutions. | ||
| What's your advice? | ||
| Well, I think the world of Pam Bondi, she's a great attorney general down in Florida, and it's a very effective spokesperson for the law and order folks in America. | ||
| And she's got some good people working for her. | ||
| And I think that she's got to give her a chance. | ||
| My gosh, she's only been in there six months. | ||
| And you make sure that you get your people lined up, and then you can start to do the thing that you need to have accomplished for the law and order and the war on drugs. | ||
| I mean, I'm sorry, but I just tell you this: you're traveling, you're taking drugs from South America to America, shoot them out, shoot them underwater. | ||
| I mean, if we're going to have a war on drugs, that's what it means. | ||
| You've got to stop the people that are bringing the killing substances to America. | ||
|
unidentified
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Ernie Prince is going to be a deterrence. | |
| Ernie, are you on social media? | ||
| Are you on social media? | ||
| No, I'm not. | ||
| No, I'm not. | ||
| I'm just Ernie Priade lawyer in Scranton. | ||
| And I'm still, hey, Steve, I'm 85 years old, and I bench press 180 pounds 15 times last night. | ||
| They sent a picture of me doing it to Heg Seth, and I said, What can your generals do? | ||
| What can your generals do, Hegseth? | ||
| Yeah, yeah, you pencil neck. | ||
| Ernie Priade, thanks for doing it. | ||
| And Scranton, love your brother. | ||
| What a piece of work he is. | ||
| Combat veteran for Vietnam. | ||
| Sends the Heg Seth. | ||
| Hey, Pencil Neck, what do you got? | ||
| Short break. | ||
| Back in a moment. | ||
| President Trump signed the Genesis mission. | ||
| This is a major initiative for the United States to lead in AI to maintain our global superiority, military, technology, economic. | ||
| AI is going to be transformative for our country, and we cannot be second behind China. | ||
| A Biden administration or a Harris administration would guarantee we could not lead in AI because we'd be short of energy. | ||
| We'd have inflation problems racking our country. | ||
| We'd have blackouts across the country today. | ||
| President Trump has stopped the closure of coal plants. | ||
| He pushed the anthracite coal from this region launched America to the country we are today. | ||
| Think about that. | ||
| And the Biden administration did everything they could to crush coal-generated electricity, coal mining, coal exports to the world, coal opportunity, total and destructive nonsense. | ||
| Under President Trump, we have record high oil production, record high natural gas production. | ||
| Soon, we will start to see downward pressure on electricity prices. | ||
| And let me end. | ||
|
unidentified
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I must. | |
| I take that as a sign that everyone prefers lower electricity prices over higher electricity prices. | ||
| That's Chris Wright. | ||
| That's Chris Wright. | ||
| That's our Secretary of Energy. | ||
| Remember when they talk about the shale fields up there, is that Pennsylvania and part of New York are Saudi Arabia natural gas. | ||
| We just got on with it. | ||
| You've got unlimited natural gas there. | ||
| Silver through 60 bucks a ounce today. | ||
| Pretty amazing. | ||
| Gold on fire. | ||
| Financial markets in turbulence. | ||
| And of course, tomorrow, I think the Fed's going to talk about rate cuts. | ||
| And this will be Powell's The Last Hurrah for Powell, the destruction he's done. | ||
| And obviously, everybody in the know says they completely miscalculate the interest rates over there. | ||
| So he's been, as President Trump says, too late, Powell. | ||
| But that'll be tomorrow. | ||
| President Trump is up, going to give his economic speech. | ||
| I think running a little late, but he is going to have Scott Besson, Secretary of Energy rights there speaking right now. | ||
| Birch Gold, go over there. | ||
| The key things to get to Philip Patrick theme, birchgold.com, promo code Bannon. | ||
| Get to Birch. | ||
| You get access to Philip Patrick and his team and all the information. | ||
| Tons of free information. | ||
| You have no obligation, none, zero. | ||
| They want to make sure that you understand what you're doing. | ||
| And then when you get into precious metals, that you're in for the long haul. | ||
| And they can explain it all to you. | ||
| I think we started with them. | ||
| Gold was $1,000 an ounce or $1,100 an ounce. | ||
| Wanted to make sure that we had a program that people that didn't major in economics in college or didn't major in finance could understand. | ||
| It would be accessible, as we say. | ||
| They can learn and you can learn as you go. | ||
| And I think it's been quite successful today. | ||
| Make sure you go and get all the information. | ||
| Philip Patrick comes on the show at least once a week to talk to us, talk about what's happening at capital markets. | ||
| Make sure that you go check it out. | ||
| Check it out today. | ||
| Scott Besson, let's go back to the main stage. | ||
| Secretary of Treasury, Scott Besson. | ||
| Good. | ||
| Thank you all. | ||
| It's good to be back in Pennsylvania. | ||
| I hear Scranton is sleepy Joe Biden's hometown. | ||
| But as far as I can tell, this is Trump country. | ||
| Pennsylvanians elected President Trump for a second term because they had had enough of a president who put America last. | ||
| Biden and his... | ||
| Biden and his Autopen were the chief architects of the worst inflation, Bidenflation, in a generation. | ||
| His administration made life impossibly expensive for American families through a toxic mix of what I call the three I's, immigration, interest rates, and inflation. | ||
| Biden's immigration free-for-all was among the greatest abuses of power ever imposed on the American people. | ||
| By allowing 10 to 20 million illegal aliens into the country against the will of voters, the last administration stole both jobs and homes from American families. | ||
| Home prices and rents soared as millions of illegal aliens who were never supposed to be here in the first place competed for housing. | ||
| And wages cratered from the glut of new labor supply. | ||
| Biden's open borders effectively created a black market in labor that kept wages for working Americans artificially suppressed. | ||
| Thousands of our own citizens suddenly found themselves out of work or working a job that barely paid the rent. | ||
| At the same time, they saw their rent costs climbing higher. | ||
| Why? | ||
| Because they now had to compete for a limited number of homes against a seemingly unlimited number of illegals. | ||
| Donald Trump stood above the endless stream of illegal immigration yelling, stop, stop. | ||
| This is why Pennsylvania and Americans voted for him in a landslide. | ||
| President Trump promised to secure the border and return American jobs and homes to American citizens through the largest deportation effort of the century. | ||
| He has delivered on that promise in every day, every way. | ||
| Common sense, common sense, simply closing the border, our president is bringing an end to illegal wage suppression to put American workers first. | ||
| And his policies are already bearing fruit. | ||
| Real wages across the country are up 1% on the year, the first time in four years. | ||
| We are witnessing a blue-collar boom, with real wages for blue-collar workers under President Trump increasing at one of the fastest rates in the last half century, almost in line with his first term. | ||
| Thanks to the president's efforts to clean up illegal immigration, he is fixing high home costs as well. | ||
| Rents have come down significantly. | ||
| Consider that the average national price of rent has decreased 5% since the peak of Biden's immigration insanity. | ||
| We expect average home prices to follow suit as deportations unlock more housing supply. | ||
| The second eye that made life unbearable for American families under Biden was interest rates, which climbed at an unprecedented rate while he was in office. | ||
| But President Trump is fixing that too. | ||
| High interest rates make life more expensive for American families, but they are coming down under President Trump. | ||
| The bond market had its best year, best year since 2020, and if I have anything to say about it, as your nation's top bond salesman, bonds will have another strong year in 2026 as we fight to bring Treasury borrowing costs down. | ||
| Lower treasury borrowing costs mean lower mortgage rates, lower car payments, and lower credit card bills, which all translates to greater buying power for all Americans. | ||
| The third eye that drove the cost of living crisis under Biden was inflation. | ||
| The previous administration ran up the highest deficit in U.S. history outside of a recession or wartime. | ||
| As a result, inflation skyrocketed to a 40-year high, as Secretary Wright, the highest in his lifetime and my lifetime. | ||
| Families watched our hard-earned savings melt away as prices of consumer goods climbed ever higher. | ||
| As with immigration, the Biden administration stole from the American people through inflation. | ||
| Consider that 42 percent, 42 percent of inflation under Biden was triggered by his administration's runaway deficit spending. | ||
| Inflation is the ultimate stealth tax. | ||
| It's the government's way of spending money it doesn't have and devaluing yours. | ||
| Biden ran up America's credit card and left all of us here to foot the bill in the form of higher prices in groceries, gasoline, clothes, and other goods we depend on. | ||
| This was just one more reason voters like you elected President Trump. | ||
| President Trump is stamping out Bidenflation for good, and we fully expect it to roll down next year. | ||
| Prices went up under Biden because his central planning policies created scarcity, scarcity in nearly every sector of the economy, from housing and energy to credit and consumer goods. | ||
| This made inflation even worse than it would have been as a result of deficit spending alone. | ||
| But where Biden created scarcity, President Trump is creating abundance. | ||
| Thanks to President Trump's efforts on deregulation, America's businesses are able to build and innovate again. | ||
| Thanks to his one big beautiful bill, Americans are taking home more of their hard-earned income as a result of no tax on tips, no tax on overtime, no tax on Social Security, and deductibility of auto loans for American-made cars, American-made cars. | ||
| And thanks to his heroic efforts in trade, trillions of dollars in new investment have flowed into the United States, and our workers are finally able to compete on an even playing field. | ||
| These policies in combination are driving a boost in production that will lower the prices of goods for all Americans in 2026 while also creating jobs and increasing incomes. | ||
| This is the formula for prosperity. | ||
| Lowering prices, raising incomes. | ||
| And every component of the Trump economic agenda is in pursuit of these twin goals. | ||
| Under President Trump, scarcity is giving way to prosperity. | ||
| The benefits of his agenda are now rippling through the economy, and those ripples will become waves as his agenda gathers force in 2026. | ||
| President Trump has put a decisive end to the three eyes. | ||
| I would add a fourth one, insanity under Joe Biden. | ||
| Our great president is ushering in a golden age economy by making America affordable again. | ||
| We're grateful to have you with us, and I look forward to the president speaking to all of you this evening. | ||
| It's great to be with you. | ||
| Thank you. | ||
|
unidentified
|
Is that incredible to see Scott started here as a contributor? | |
| Giving a speech right there as Secretary Treasurer is fantastic. | ||
| I think that summarizes. | ||
| It talks about both the affordability issue. | ||
| It also, look at that. | ||
| Lower prices, higher paychecks, bigger paychecks. | ||
| That's good. | ||
| Like domestic, very straightforward. | ||
| President Trump kicks off his, he's going to go around the country and sell his economic plan. | ||
| He's the best to do it. | ||
| He realizes that. | ||
| He's going to take Scott Bessno, some of these, Secretary Wright, Secretary Energy, all of it. | ||
| Very, very, very impressive. | ||
| Do we have the, can I play the clip of the president's running a little late? | ||
| I'm not sure the speech is going to start until 6.30. | ||
| There'll be some congressmen and other people up. | ||
| Do we have the clip? | ||
| Is that ready? | ||
| Let me go ahead and play a clip. | ||
| This is about the now the AI amnesty is out of any of the bills at NDA or any of the must-pass or any of the appropriations bill. | ||
| They're now going to try to craft some sort of executive order. | ||
| Mike Davis, the Viceroy, is working with the White House on this. | ||
| Of course, people have to see what the details are. | ||
| This is one of the spots. | ||
| Brendan Steinhaus made this with the group that he's got. | ||
| A lot of these are coming out right now as we try to sort out what's happening with the AI amnesty. | ||
| Let's go ahead and play it. | ||
|
unidentified
|
As Congress stalls on AI, it's the states, red and blue, stepping up to protect Americans. | |
| Texas banned discriminatory AI and cracked down on deepfakes. | ||
| Utah now requires you to be told when you're talking to AI. | ||
| Tennessee's Elvis Act protects your voice and likeness. | ||
| Montana, Florida, Arkansas, and Pennsylvania are all taking action to stop deepfakes, block harmful AI systems, and keep kids safe. | ||
| This is what Americans want. | ||
| Across all ages and incomes, Americans are in support of states taking the lead and keeping families safe. | ||
| New polling shows that 57% of Americans oppose Washington blocking state AI laws. | ||
| Only 19% support federal preemption. | ||
| My home state of Texas, they passed some meaningful legislation to protect kids, to prevent AI-generated pornography. | ||
| They prevented the state from using AI for a social credit system. | ||
| Let states protect their people from big tech CEOs. | ||
| Tell Washington, hands off our state AI laws. | ||
| Visit statesoverce.com. | ||
| I think one of the key things here is you just can't do these in the dark of night. | ||
| I mean, the David Sachs and the Bolegarks completely misled the president. | ||
| This could just be slipped in there. | ||
| It's going to be easy. | ||
| It's not. | ||
| You have to have a discussion. | ||
| You have to have a debate about this. | ||
| Clearly, it may be a little cumbersome to have these states do this, but in the absence of anything, something's going to fill that vacuum. | ||
| And so there has to be some discussion at the federal level for exactly what you're talking about. | ||
| Also, the Genesis mission. | ||
| Chris Wright there, the Secretary of Energy, said, hey, we want to have AI dominance naturally, but we have to understand what that dominance is going to be. | ||
| And if we don't want the Chinese Communist Party to be competitive, there are methods to do that. | ||
| Number one, you don't let Jensen Wong talk you into selling high-end chips. | ||
| They're a couple of years behind us right now. | ||
| There's certain aspects they may be ahead, but if you cut them off from equity capital, you cut them off from debt capital, you cut them off from all the capital markets in the United States, you cut them off to how to build the ecosystem. | ||
| What I mean by the ecosystem, the training, the know-how, the expertise, the knowledge, training these Chinese engineers in our own colleges and then have them go back to compete with us. | ||
| Who does that? | ||
| Who does that? | ||
| Would the Chinese do that for us? | ||
| No, they wouldn't. | ||
| Would the Chinese ever sell these chips to us if they had and we did? | ||
| No, they wouldn't. | ||
| We're going to have one of the experts on next in the next hour to go through this in detail. | ||
| But this is a debate you have to have. | ||
| You're just not going to be able to slide it in. | ||
| And now I hope, and I think people that have a better big picture of this are now talking to the president. | ||
| I think the executive order was supposed to be signed on Friday. | ||
| It wasn't. | ||
| And clearly, you want to dominate artificial intelligence. | ||
| On that, there's no question. | ||
| But you also have to have guardrails for what these institutions, particularly the four frontier labs of Altman and Musk and these people, are doing and what they're doing with your money. | ||
| Now, I might add, it's out today. | ||
| I've got to verify the math, but they're talking about SpaceX. | ||
| And Elmo got all upset that I said, hey, we're going to take 50% of the equity on an $800 billion valuation. | ||
| Hello. | ||
| They're talking about the valuation today. | ||
| And the Starlink is part of it at $1.5 trillion. | ||
| This is why Jacob Isaacman is now, or they're going to go get confirmed as head of NASA. | ||
| That whole game has been exposed because Elmo, Elon's got to have somebody that can sit there and give him almost 100%, I think 97% launch capacity over at NASA. | ||
| This thing started. | ||
| It was $5 billion, $50 billion. | ||
| And look, he's got an AI piece of it. | ||
| I'm sure he's got the Starlink piece. | ||
| We've got to break it all down. | ||
| But they're talking about a valuation of $1.5 trillion. | ||
| How much of that do you own? | ||
| How much of this you've been underwriting with government contracts? | ||
| Think about that for a second. | ||
| How much do you own? | ||
| And people say, well, Steve, you can't be a social. | ||
| I'm not being a socialist. | ||
| We are actually capitalists. | ||
| And what we don't want this company to devolve into is wait for it, crony capitalism or state capitalism, kind of like the Chinese model, kind of like Elon's partners in Tesla, the Chinese Communist Party, the way they roll. | ||
| So we're going to break all that down too. | ||
| We're going to get to make sure that you have all the facts and all the information so that you can make rational decisions about all this. | ||
| Let's go. | ||
| Do we have Catherine O'Neill? | ||
| Catherine O'Neill joins us, entrepreneur par excellent. | ||
| Catherine, I understand you're sold out of beef. | ||
| You're only doing subscriptions. | ||
| First off, tell us as an entrepreneur, we had Ernie Preate from Scranton. | ||
| How tough is it right now with interest rates where they are, price costs where they are? | ||
| How tough is it to be an entrepreneur right now? | ||
| It's great to see you, Steve. | ||
| It's been a while. | ||
| You look awesome. | ||
| You know, it's tough, but we have a really incredible, dedicated team. | ||
| And I think good employees go a long way for business. | ||
| So I'm very blessed to have them. | ||
| And it makes a huge difference. | ||
| Talk to me about, are you going to do any Christmas special at all? | ||
| Can you do any Christmas specials given the fact that beef is tough to come by now? | ||
| And by the way, the subscription, people that the Warroom Posse love it so much, they've signed up for the subscriptions. | ||
| So you haven't had any spot beef to sell, ma'am? | ||
| Yeah, well, you know, we've grown so well because of you guys, the war room posse, and we're so thankful for our customers. | ||
| And we never wanted to get to the point where we're growing so quickly that we compromise on quality. | ||
| So we are, you know, we have a lot of subscribers now who are, you know, they come back monthly and we take care of them. | ||
| But we have some other products that we're launching. | ||
| One of them being our beef sticks, which is the special today. | ||
| I think some of them, I believe some of your, some of the War Room posse have already tried the beef sticks, but if you haven't tried them yet, if you go to our homepage, you'll see the warroom special right on the homepage. | ||
| It's a 40-pack of beef sticks for 25% off code word code word warroom. | ||
| I'm telling you, Steve, these are some of the best beef sticks you'll ever have. | ||
| We have two flavors, original and jalapeno. | ||
| I eat probably two or three a day. | ||
| My daughter eats them. | ||
|
unidentified
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My husband eats them. | |
| So it's a great, a great item for the family on the go for fitness people. | ||
| So if you use code word warroom, you'll get 25% off those 40 beefsticks. | ||
| It's a great dude. | ||
| By the way, people, our production team here in the war room are addicted to them. | ||
| They're fantastic. | ||
| A great product. | ||
| Once again, where do they go and what's the discount? | ||
| Yeah, absolutely. | ||
| So meriweatherfarms.com, go to the homepage and you'll see war room special right on the homepage. | ||
| And you use code word warroom for 25% off that 40-pack of beef sticks. | ||
| And here, we have them right here. | ||
| Perfect. | ||
| Original and jalapeno. | ||
| They're really, I mean, I know I'm biased, Steve, but they're the best beefsticks on the market. | ||
| No, I vouch for that. | ||
| I will add, I will say one more thing, Steve. | ||
| Most of the beef sticks that you see in the retail stores or convenience stores are actually made from foreign beef. | ||
| And we, as you know, are an American company. | ||
| All of our beef is from the Mountain West and born and raised in the United States, clean, etc. | ||
| So if you want real American beef, then you should buy from us. | ||
| Don't buy any of those other crappy brands that are all foreign beef. | ||
| Only American beef for American carnivores. | ||
| How about that? | ||
| That's a good tagline. | ||
| I'll talk to you about that one later. | ||
| Catherine O'Neill, you're hammering it, man. | ||
| Thank you so much. | ||
| Thanks, Steve. | ||
| Great to see you. | ||
| I'm going to have Catherine on next week and talk about how you can get the subscription line. | ||
| Now you got to line up to get the subscriptions. | ||
| I told people that was going to happen. | ||
| The beef is that good over at Meriwether. | ||
| Mike Lindell, the president of the United States, is in Scranton. | ||
| He's running a little late. | ||
| You're having a lot of big-name personages get up on that stage and talk about the economy. | ||
| What's your sense? | ||
| You're one of the top entrepreneurs in this country, your sense of it. | ||
| And what do you got for the War Room posse to get access to to cut their costs on the Christmas gift, sir? | ||
| I know. | ||
| Well, right now we're having a big storm in Minnesota in more ways than one. | ||
| And my employees are working right through it as we speak. | ||
| And Steve, one of the biggest things that can be done for our economy, I believe, is get the price of diesel down. | ||
| Shipping is still high, everybody. | ||
| It's very high, this time of year. | ||
| They raised our shipping price. | ||
| If the president could do anything to get the price of diesel down, to get shipping now, it's going to help the whole economy. | ||
| But in the meantime, we're giving you free shipping. | ||
| This is a war room exclusive. | ||
| This is probably when we're getting down one of the last days we can do the free shipping to get, you know, for Christmas here. | ||
| But we're going to do it today. | ||
| War Room Posse, you get free shipping on your entire order. | ||
| We put all of our five flagship products on sale, exclusive for the war room posse. | ||
| The best gifts ever. | ||
| You got the my slippers, you got the towels, you got the premium my pillows. | ||
| There you see the my crosses, the best gifts ever, and the uh free shipping your entire order. | ||
| Go to mypillow.com forward slash war room, everybody, and get the my pillow mattress toppers. | ||
| Get yourself a gift before that free shipping goes away. | ||
| Made in the USA, the best technology ever put on a bed, everybody. | ||
| Get the mattresses, mattress toppers, and you call 800-873-1062. | ||
| Promo code Warroom today. | ||
| Free shipping on your Christmas gift for, and the warranty goes all the way to the 60-day money-back guarantee to March 1st, 2026. | ||
| 10-year warranty, you guys made in the USA. | ||
| God bless. | ||
| Promo code Warrock. | ||
| Thank you, Michael. | ||
| Most powerful one in the business. | ||
| We'll talk to you tomorrow. | ||
| Stick around. | ||
| The war about the chips. |
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