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Powell's Dilemma: Inflation vs. Interest Rates
00:07:27
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| 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're trying 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
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Here's your host, Stephen K. Bannon. | |
| It's Monday, 2 February in the Earth Alert 2026. | ||
| Peter Schweitzer's on deck. | ||
| Natalie Winners, Captain Finnell. | ||
| I've got Dr. Navarro, our trade czar. | ||
| So, Dr. Navarro, Kevin Warsh, he was the cover bid back when, you know, for some reason, due diligence, not enough due diligence was done on Powell, and he was selected. | ||
| Kevin's got some very interesting, sophisticated thoughts about growth, non-inflationary growth to hit these kind of hyper-growth targets the president's talking about four or five percent, maybe even higher, and not have inflation with increases in productivity. | ||
| It's one of the reasons, I think, central reasons that he was selected, although maybe on monetary policy, he's not 100% on board, but it's this growth with no inflation because that's what 2026 is going to be about. | ||
| You tackle both the affordability issue and the, and, and with growth and with maybe turbo growth. | ||
| Uh, is that why you say this could be the best year in a long time for the American economy is 2026, given what you guys accomplish, both with trade, the commercial relationships, the supply-side tax cut to go into plant and equipment. | ||
| Uh, and eventually by May, at the latest, we won't have too late Powell around, sir. | ||
| Steve, you said something really, really important here because there's a seeming contradiction between Kevin Worsh's hawkish view on inflation and wanting a strong dollar versus what we want, which is a lower interest rate environment. | ||
| Okay, now here's how you square that circle. | ||
| What Jay Powell, arguably the dumbest, most malevolent Fed chairman we've had in our history, has never been able to understand is how Trump policies, including tariffs, can actually produce non-inflationary, strong growth. | ||
| He just didn't get the paradigm. | ||
| He assumed back in 2018 when we were rocking and rolling, that somehow as the economy was accelerating, that that had to create inflation. | ||
| He couldn't wrap around his head around deregulation, strategic energy dominance, tariffs, basically leading to strong non-inflationary growth. | ||
| The hope here is that Kevin Worsh understands that. | ||
| So it can be no longer a contradiction that sees an inflation hawk, and yet he will lower interest rates because he understands how the Trump economy works. | ||
| And so that's the most important thing I'm probably going to tell you in the next two months, because that's what we need to watch. | ||
| We need to watch Wars's rhetoric, and we need to watch exactly what he did. | ||
| And by the way, Steve, I don't know, nobody should think that the Fed chairman is God and can simply determine interest rates policy. | ||
| He's stuck essentially with a hostile majority on the Federal Reserve Board until we clean house. | ||
| The big question is going to be whether Powell resigns or not. | ||
| If he sticks around, he'll try to screw up. | ||
| And there's the whole week. | ||
| I think President Trump's mortgage problem. | ||
| Yeah, I think President Trump said this about Hassett coming out of the race. | ||
| He likes the team he's got. | ||
| He's made bets on these policies. | ||
| They're starting to work. | ||
| He's got Bess in the Treasury, Hassett at NEC. | ||
| He's got Jameson Greer as the trade czar. | ||
| He's got you as your manufacturing guy. | ||
| He likes the team he's got in place. | ||
| You guys are all in harness pulling. | ||
| You just don't need a too late pal. | ||
| You used the word malevolent, and I think you're absolutely correct. | ||
| I think there's a lot of animosity there by Powell to President Trump's populist nationalist policies, which are clearly working. | ||
| And he's part of the globalist old guard that's going to fight this. | ||
| Peter, I want to tell the audience, you're putting up these little clips every day to explain it in layman's terms. | ||
| Where do we go get all your content, sir? | ||
| Yeah, just go to PeterNavar.com. | ||
| It's the gateway to the podcast. | ||
| It's called the Navarro Express. | ||
| It's the gateway to the Substack. | ||
| It's the gateway to XGetter and Truth. | ||
| And we're really putting out some really good content. | ||
| The videos are kind of 60-second videos, Steve. | ||
| We're getting close to a million hits on those things now every time they go up. | ||
| And the important part about him is that they actually explain in lay terms the nuances of economic policy, which is, it's kind of, it's hard to do, but somehow we pull it off. | ||
| So check it out, PeterNavar.com. | ||
| And Steve, you're at the forefront of economics commentary. | ||
| I think people learn more listening to your show than they do listening to the financial news or certainly reading the Journal or Bloomberg or the FT, which they're all colored. | ||
| They all have a general bias, a Wall Street bias against the Trump policy. | ||
| Somehow we're going to win this one because they will have more food on their table at cheaper prices, bigger paychecks, better retirement, houses that they can buy for a change. | ||
| They're going to say, yeah, Trump Anomics is what works. | ||
| Trust in Trump. | ||
| He's got the right team. | ||
| He's got the right policies. | ||
| I think he was very clear on the Worschpic. | ||
| I like Hassett at NEC. | ||
| The White House is working great with Treasury. | ||
| James. | ||
| They have a great team. | ||
| And don't forget Howard Luttnick, okay? | ||
| Howard Luttner comes. | ||
| There's five of us here. | ||
| And Howard, I mean, Commerce has a tremendous role to play with the 232 investigations and the anti-dumping countervailing duties. | ||
| Jameson over at USTR is lead point on all the negotiating. | ||
| Scott's kind of the master of the international finance system. | ||
| And Kevin has a fine touch in terms of understanding kind of the basic macro indicators. | ||
| And he played a big role, Steve, in the big, beautiful bill. | ||
| And that's always been Kevin's wheelhouse, his taxes. | ||
| So I can't think of a better team for President Trump this time around. | ||
| And by the way, Jay Powell, Mnuchin's folly. | ||
| Okay. | ||
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Mexican Bestseller Impact
00:15:43
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unidentified
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No. | |
| That was Steve Mnuchin. | ||
| President Trump, when he's unshackled from that, I think he sees it. | ||
| You can have non-inflationary growth rates of 4% and 5%. | ||
| I mean, like you said, this is unheard of. | ||
| Anyway, Peter, I know you got a bolt. | ||
| All right, brother. | ||
| We'll put the videos up. | ||
| Thank you, See. | ||
| I love that picture that the boss put out on Truth of you and I. | ||
| I don't know where they got it, but thank you. | ||
| That was a great wedding. | ||
| The great Dan Scavino, one of the best guys, got married this weekend at Mar-a-Lago. | ||
| And of course, Alice Brusowitz. | ||
| A lot of folks went down for that. | ||
| Alice got married also this weekend. | ||
| So big events in MAGA World. | ||
| I got a call open for Peter Schweitzer. | ||
| I want to play this. | ||
| It's going to be in Spanish, so we may not be able to understand all. | ||
| If you got the TV, you'll see the closed caption. | ||
| Let's go ahead. | ||
| These are Mexican officials responding to Dr. Schweitzer or Peter Schweitzer's Invisible Coup, which is the New York Times' number one bestseller. | ||
| We're not bringing on chop liver here, only the best. | ||
| New York Times, number one bestseller for a conservative book is almost unheard of. | ||
| Let's see what the Mexican government had to say about his New York Times number one bestseller, Invisible Coup. | ||
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unidentified
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It's determined by the international laws and what our consulates are essentially the protection of the Mexicans in the U.S. and the attention of the Mexicans in the U.S. That's their work. | |
| Thank you. | ||
| Peter, as we say in the narrative warfare business, you drew blood. | ||
| What was the president of Mexico? | ||
| Not a big fan of your book, although she might have bought a couple of three copies to have it read by her cabinet. | ||
| What was her response? | ||
| You actually said there are members in these Mexican consulates. | ||
| They got 53 when every other big nation world's got four or five or six. | ||
| You've got guys in the Senate that have maps. | ||
| I think it was a map in the back of one of the things that the United States of Mexico has got areas of the United States in it. | ||
| You called these guys out, not the cartels, not the seven families that own the country, but the political class up there for actively working on this invasion, or as you say in your subtitle, using immigration as a weapon. | ||
| Their response, sir, what was her response directly to you? | ||
| Well, it's funny. | ||
| She didn't use my name. | ||
| She was asked about the book with my name, and she said that man with that book was the way that she described me. | ||
| What's funny about her response, Steve, is she says, no, it's absolutely false. | ||
| But the book, I know you've read it, the book literally quotes Mexican consular officials as saying this is what they're doing. | ||
| You know, they're meeting amongst themselves. | ||
| They're talking about how they're conspiring against Trump to prevent Republicans from getting elected. | ||
| There are quotes in there from consular officials saying that they're paying for people to apply for citizenship because they want to get more voters. | ||
| So she's denying the facts of what her own people are saying. | ||
| And it's funny, Steve, because as much as they are open and saying this amongst themselves, they are desperate to make sure that the majority of American people don't pay attention. | ||
| I want to read to you yet another quote. | ||
| This is from the head of the Mexican news agency. | ||
| And this is what he said, which I think captures it perfectly. | ||
| He says, quote, we are quietly carrying out the reconquest of our territories. | ||
| The U.S. took from us in 1848. | ||
| The reconquest of the Aztec territory is silent. | ||
| And the day the gringos realize this, their diabolical fundamentalism will become macabre. | ||
| In other words, we don't want them to really figure out what's going on. | ||
| This is a guy, by the way, who's the head literally of like the Associated Press of Mexico. | ||
| So they're scared and they're nervous. | ||
| And I appreciate the war room and the war room posse buying the book. | ||
| We are number one on the New York Times list, despite the fact that nobody in the establishment media wanted that to happen. | ||
| No, they still refuse to review it because there's too many truths in here. | ||
| I want to hold you through the break. | ||
| But before you go to break, to have in Mexico, a journalist actually ask her about this book. | ||
| shows you how afraid they are because the the the media class down there, et cetera, is very tuned into what's the government's happening. | ||
| So this clearly, they're hearing that, hey, this guy Schweitzer, who's very prominent in the MAGA movement, has written five New York Times bestsellers in a row. | ||
| This is number one New York Times. | ||
| So this book's getting a wide hearing, invisible coup. | ||
| It was dangerous enough that they felt they had to ask her. | ||
| And it sounded like she wanted to get out in front of this too, saying, this man is a total liar. | ||
| This is what the gringos do. | ||
| It's a complete and total lie. | ||
| I mean, are you pretty impressed that the book would have that impact in Mexico and they just wouldn't say, schluff it off. | ||
| We don't have to address this. | ||
| Clearly, they felt they had to address it. | ||
| Yeah, and you also had the Mexican ambassador to the United States go on with Maria Bartiromo yesterday on Fox News on her Sunday show. | ||
| And she asked him about it and we got the same kind of answer, which was, oh, no, no, we would absolutely never do that. | ||
| So they clearly are scared. | ||
| They clearly are nervous. | ||
| Scheinbaum also in her responses to the book also attempted to sort of separate Trump from me, saying, well, this guy's kind of crazy and Trump doesn't buy into this stuff. | ||
| Obviously, I'm not going to speak for President Trump. | ||
| But I did meet with him and we talked about the book and he sent out a very nice comment on True Social, appraising the book, telling everybody to buy it. | ||
| So they're clearly nervous. | ||
| And I would add, Steve, we're starting to slowly get the wheels grinding in Washington. | ||
| I've been asked by Senator Schmidt of Missouri to testify before the Judiciary Committee in March on the China birthright citizenship. | ||
| And I think we're going to start getting some action in some of the other government agencies to really start taking the fight to the people that have weaponized immigration against us. | ||
| If you just stay through the break, in fact, I want to pivot next to China. | ||
| Xi put out a notice over the weekend that he intends to have the Chinese currency compete with the United States as a prime reserve currency. | ||
| If you read Peter's book, Invisible Coup, you understand that the strategies of Mexico and the CCP are quite different. | ||
| They're two foreign powers that are using immigration as a weapon against us. | ||
| Chinese Communist Party, I think, has grander designs. | ||
| We're going to take a short commercial break. | ||
| Take your phone out and text Bannon, B-A-N-N-O-N, at 98-9898. | ||
| Get the ultimate guide. | ||
| This guide is free, no obligations. | ||
| We're investing in gold and precious metals in the age of Trump. | ||
| And you get access to Philip Patrick. | ||
| That's what you need. | ||
| You need to talk to him. | ||
|
unidentified
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To Peter Schweitzer's comments there. | |
| First of all, thank you for having me, Maria. | ||
| I think that facts are much better than opinions. | ||
| And I just want to tell you that when he says that we're working against President Trump, you know that the votes of Latinos to President Trump rose from 28% in 2016 to 48% in 2025. | ||
| Mexican migration has been dropping constantly since 2000. | ||
| And so what you see is that reality offers a very different view. | ||
| Mexican and United States governments are working very, very closely in order to tackle the migratory issue. | ||
| You've heard President Trump saying in the UN and in Davos that the border is the most secure border in the world. | ||
| And regarding security, you know that deaths because of fentanyl overdose have dropped 27% in the U.S. | ||
| And that's because President Chienman has been very, very tough against Mexican cartels. | ||
| You know, that she sent 10,000 soldiers to the border. | ||
| She has apprehended 24,000 people. | ||
| And they have destroyed about 1,700 labs in Mexico. | ||
| So the thing that you can see is that Mexico is part of the solution, not the problem. | ||
| You know, my eyes aren't what they used to be, Peter Schweiser, but the ambassador for Mexico, United States, is he sitting in front of a map that says the United States of Mexico and it's got like territories of the United States in it, sir? | ||
| Yeah, it literally says that right across the United States. | ||
| That is the name of Mexico, but it is ironic because President Scheinbaum talks about, you know, the United States being Mexico North. | ||
| And it's funny because I just want to read to you, this is a song that President Scheinbaum had commissioned. | ||
| This is a song they play at Mexico at all the official events. | ||
| It's called the Migrant Hymn. | ||
| And this is how helpful they're being, Steve. | ||
| It says, and though my birth certificate says American, I am pure Mexican. | ||
| We change places, but not flags. | ||
| I carry green, white, and red in my veins. | ||
| That's the color of their flag. | ||
| Like the eagle, we fly without borders. | ||
| We break through the fence that separates lands. | ||
| And I could go on and on and on. | ||
| The point is, they have a public posture, which is, no, no, no, no, we're partners. | ||
| We're dealing with this issue. | ||
| And then they have all this stuff that they are doing. | ||
| They talk about it amongst themselves in Mexico. | ||
| So it's time to cast off these official statements and deal with the realities of the things that they say amongst themselves, which I think is completely shocking and contrary to everything they're saying in public. | ||
| No, you've nailed the subtitle of the book is How American Elites and Foreign Powers Use Immigration as a Weapon. | ||
| They're using it as a weapon for the Reconquista. | ||
| The book is Invisible Coup. | ||
| We won it on New York Times, number one for two weeks in a row. | ||
| So we got to buy today and tomorrow. | ||
| Peter, China, different. | ||
| China has a strategic goal to become a hegemon, and that is to make the United States not a co-hegemon, not a competing power. | ||
| All these theories inside the Pentagon and the State Department, these guys want total, complete and full domination. | ||
| You can see that in your book of what they're trying to do. | ||
| Right now, I have Natalie and Captain Fennellen. | ||
| Is there a coup going on? | ||
| Is she consolidating power? | ||
| But in your book, it is a very well thought through strategic plan to take down the United States. | ||
| Is it not, sir? | ||
| Yeah, absolutely. | ||
| And immigration is a part of that. | ||
| And Steve, they're using techniques that they tried to use in Hong Kong. | ||
| The Hong Kong government shut down birthright citizenship for Chinese because around 2010, half of all the births in Hong Kong were Chinese nationals who were flying into that country to give birth because Hong Kong had birthright citizenship. | ||
| So they shut it down because they saw what it was, a subversive effort to gain further influence in that country. | ||
| And of course, now Hong Kong is all gone, essentially. | ||
| They're doing the same thing in the United States. | ||
| We're obviously bigger than Hong Kong, but the scale is unbelievable. | ||
| We in the United States have no idea how many birthrights citizens are being minted every day because we don't track that data, which in and of itself is shocking. | ||
| When you get a birth certificate in the United States, it does not list the nationality of the parents. | ||
| And our federal government says we have no idea how many people are doing this. | ||
| But the Chinese do. | ||
| The Chinese government does, and Chinese research firms do. | ||
| And those numbers are shocking. | ||
| They say that over the last 13 years, every year, roughly 100,000 Chinese nationals have flown to the United States, given birth to a child in the U.S., got the birthright citizenship. | ||
| And as soon as the baby was old enough and capable, they fly back to China where they are being raised. | ||
| And when they are 18 years old, even though they lived here for a week after they were born, they are U.S. citizens and they're going to be able to vote. | ||
| They're going to be able to donate to political campaigns. | ||
| They're going to be able to apply for sensitive government jobs, even though they have lived in China their entire life and they're the children of the Chinese elite. | ||
| So this is a massive manipulation of our immigration system. | ||
| I'm hoping that the Supreme Court, when they hear this case, they are going to factor in the research in the book, which points out this is not rando stuff where somebody just kind of wanders across the border. | ||
| They, you know, they're working a job here for 18 years. | ||
| They happen to give birth. | ||
| They're staying here. | ||
| That's an issue in and of itself. | ||
| But what China's doing is industrial scale. | ||
| It's on a massive scale and it needs to be nipped in the bud. | ||
| They're doing the same thing, Steve, with the EB5 visas, those corrupt visas where you can basically give a million dollars. | ||
| You create jobs allegedly. | ||
| You get permanent resident status in the United States. | ||
| That visa program, the EB5 program, was written by a Chinese spy named Maria Tsai. | ||
| We now know that she was a spy when she pushed for and got that bill passed. | ||
| We know it's dominated by the Chinese. | ||
| 90% of the people getting EB5 permanent resident status are Chinese. | ||
| And we know the reason that they want it. | ||
| They want it not so much to live in the United States because very many, very few of them do. | ||
| They want it because when you get permanent resident status in the United States, you can legally donate to political campaigns. | ||
| And they're doing it to the tune of tens of millions of dollars. | ||
| And those donations break 80-20 Democrat, Republican. | ||
| Peter Schweitzer, the book is Invisible Coup. | ||
| You're making it visible. | ||
| New York Times, number one bestseller. | ||
| We need people to pilot this. | ||
| Where they go, social media and your site to get this book and get it today and get one for a friend. | ||
| Also, anybody thinks that you're over the top on what you're saying about the invasion of this country? | ||
| Get this book for them and they will actually agree with you. | ||
| Peter, where do they go? | ||
| You can go to Peter Schweitzer on Twitter. | ||
| You can go to thedrilldown.com. | ||
| That's my podcast. | ||
| And you can also find me on Facebook and you can find me at Peterschweitzer.com. | ||
| Peter, fantastic. | ||
| Look forward to your testimony. | ||
| We'll have you on a couple, three times before that to make sure the audience is fully up to speed. | ||
| Eric Schmidt, what a great senator. | ||
| Thank you, Peter. | ||
| Let's get this book number one two weeks in a row. | ||
| Everybody's got to read this book. | ||
| When the Mexican government is responding to questions from Maria Bartiroma and Shine Bombs trying to defend it by spinning, you got something serious. | ||
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Rumors Surrounding Xi
00:03:20
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| Do we have Captain Finnell? | ||
| Captain Finnell, can you make sense? | ||
| We've had different posto, we've had people from the new federal state, other experts. | ||
| What's going on in China? | ||
| Because that's going to inform our discussion with Natalie Winters. | ||
| Is this a coup by the military to try to take out Xi? | ||
| Or is this a Xi consolidation of power? | ||
| Is she on the ropes or is he more powerful than ever, sir? | ||
| Xi is more powerful than ever. | ||
| And I've been very concerned, and I've expressed it to you offline, that there seems to be a large amount of internet traffic coming to us, telling us that Xi is isolated, under threat, has no control over the PLA. | ||
| It's been a coup against him. | ||
| Others say he was having a coup against the PLA. | ||
| A year ago, they said the general that Xi just purged was consolidating things for Xi. | ||
| There are a lot of rumors out there. | ||
| And if you go back over the last three or four years, there's been rumors about Chinese ballistic missile submarines sinking in the East China Sea that turned out to not be true. | ||
| They told us that Xi had had a heart attack or a stroke. | ||
| That turned out to not be true. | ||
| And now they're telling us that Xi is at risk and isolated and that there's no capability in the PLA, that the PLA will not fight for him. | ||
| And these are all really wrong rumors that are not based upon fact. | ||
| We have just seen over the last five years, China has increased their flights around Taiwan by fivefold. | ||
| They went from over 380 flights in 2020 to 5,700 flights this last year. | ||
| They're flying across the Taiwan Strait. | ||
| They never flew across the Taiwan Strait with military aircraft for 60 years. | ||
| And since 2020, 2020, they're flying 1,000 times a year across the strait. | ||
| They're doing exercises, firing missiles at Taiwan. | ||
| The PLA Navy is the largest in the world. | ||
| They have the most anti-ship cruise missiles in the world. | ||
| Xi reformed the PLA in 2015 from seven military regions to five theater commands. | ||
| They have an information support force that they didn't have before that supports all the theater commands. | ||
| They have a joint logistics support force that supports the five theater commands. | ||
| And they are actually expanding their military operations around the world, not just in the Far East, but with the Russians in the Sea of Japan, in the Arctic, in the Mediterranean, down off of South Africa here in the last month. | ||
| So what we're seeing from all military evidence is that the PLA is on this trajectory. | ||
| It's going up. | ||
| There has been no declination in any way, shape, or form over the last 13 years since Xi has been in power. | ||
| It continues to increase. | ||
| And we just saw in the last two weeks since all these rumors of this alleged coup, Xi is meeting with the Prime Minister of Canada, the Prime Minister of Finland. | ||
| He's meeting with the Prime Minister of Uruguay right now. | ||
| He's going to meet with the Chancellor of Germany next week. | ||
| So he's meeting with all these leaders. | ||
| There's been reports of gunfire and shooting in the streets of Beijing. | ||
| All wild, wild speculation. | ||
|
Xi's Diplomatic Roundtable
00:02:14
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| And I don't want to assert why people are doing this, but I think some people have a hope that things are cracking in China and they're trying to feed this mindset. | ||
| But the reality is that's not happening. | ||
| And Xi is in greater control. | ||
| And the risk to an invasion of Taiwan is greater today than ever before. | ||
| Captain, hang on for one second. | ||
| We'll hold this as a break. | ||
| Now the winner's war room. | ||
|
unidentified
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Here's your host, Stephen K. Bannon. | |
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| Natalie winners, by the way, when Peter Schweitzer told me, Natalie, that he thinks you're the single best investigator into things on the Chinese Communist Party, that's a pretty high compliment coming from a guy that's had back-to-back New York Time number one bestsellers about the Chinese Communist Party. | ||
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Defense Dynamics: KMT, CMC, Taiwan
00:15:13
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| But Peter knows your diligence and reads your stuffs and studies it like every China hand does. | ||
| You just had Captain Finnell, who is former senior naval intelligence out in the Pacific Fleet and really gave up his career to warn the nation during the Obama presidency about the rise of the Chinese military and particularly the Chinese Navy and what dilemma that was going to put us into in Taiwan, Eastern Europe, Eastern Asia, Taiwan Straits, South China Sea, East China Sea, plus the Pacific Islands that are American territories. | ||
| You've been doing a lot of independent research recently. | ||
| I know you went to Asia and just came back again for the second time to Japan. | ||
| Jim, when Captain Final was walking through it, didn't talk about the UK. | ||
| I think one of the most humiliating things I've ever seen is Starmer going over there. | ||
| I think it was last week. | ||
| And what it showed me is what I was talking to the captain about the long memory of the Chinese and the Chinese Communist Party. | ||
| This ritual humiliation of Starmer, while he was kowtowing, shows you they have not forgotten the opium war. | ||
| They have not forgotten what happened around Hong Kong. | ||
| They have not forgotten how they thought they had to kowtow to the British Empire. | ||
| Ma'am, you've been doing a lot of research. | ||
| Talk to me first about the string of meetings that she's had with these foreign leaders over the last couple of weeks. | ||
| Well, look, I think we're in an era of global fealty to China, and you're seeing that on full display right now. | ||
| And I think the past that you're discussing, which is certainly informing the present, certainly scary, but I think what's even more concerning is really the Chinese Communist Party's conception of the future. | ||
| You know, you heard it from Mark Carney himself, right? | ||
| This concept of the new world order. | ||
| That's something we've been talking about for a while, whereby China is the new sort of global hegemon replacing the United States. | ||
| And I think that when you see what's going on, particularly with the Central Military Commission and the establishment of things in Taiwan, I Think it's fair to say that's going the sort of kinetic flashpoint for all of the diplomatic meetings that you're seeing going on. | ||
| I think they're at their sixth high-level government president to president meeting already for 2026, like Captain Finnell said with the Uruguayan leader there right now. | ||
| But I think what's so important to understand about the changes on the CMC, which of course follows, you know, significant overhaul, basically everybody is gone. | ||
| Now, the second in command, not just on CMC, but to Xi Jinping being ousted. | ||
| I think there's sort of this common misconception that it's the older generals who are really hostile and want to move on Taiwan, when in reality, it's the younger ones, particularly those that we've seen be appointed to be commanders, sort of in the Eastern theater, obviously more relevant to Taiwan. | ||
| But those are the people who, not just because they have this sort of fealty and almost this weird, in the most traditional sense, political correctness, whereby they don't want to madden Xi Jinping, they don't feel like they can stand up to him. | ||
| Whereas the old guard is a little more hesitant. | ||
| You even saw that with the second in command who was just relieved or is being investigated. | ||
| Now he was sort of more on the 2035 timeline for potentially being ready for a Taiwan invasion, as opposed to the more aggressive 2027 version. | ||
| I also think it's worth noting too that the individual who was just ousted, he was sort of the point person, at least for a while under Joe Biden, having sort of back channel discussions, at least military to military calms related to Taiwan, related to a host of issues. | ||
| And I think that that dynamic is going to be very interesting to watch in the shakeup, because essentially what you're going to see is that everybody over there, no one is going to want to converse with the United States, converse with Taiwan, converse with the West, right? | ||
| Because the guy who was basically the point person on doing that was ousted, not necessarily for doing that, but I think it sets a really concerning cascade effect. | ||
| I also would point to, I think what you saw go on in Venezuela, obviously the reporting talking about how the Chinese air defense systems there failed. | ||
| That's pretty damning for the Chinese. | ||
| Obviously, they're going to recalibrate after that. | ||
| So I think that's why you've seen such a significant overhaul too. | ||
| And I think the most important thing to understand the internal dynamics there is that the only thing that Xi Jinping fears is really a military coup, which I think you could see happen if a Taiwan invasion were to actually occur, but more importantly, to drag on in sort of a Russia-style invasion. | ||
| So I think those are the relevant dynamics at play. | ||
| But I also think something that the audience really needs to stay ahead of the curve on, of course, Western media is not going to cover it. | ||
| They actually think that everything that's going on at the CMC is good for Taiwan. | ||
| I would say Taiwan should be nervous. | ||
| But that is what's going on with the KMT and the Chinese Communist Party. | ||
| The KMT being the opposition to the DPP, which favors a much stronger defense, not just subsidized by America, but by Taiwan itself against the Chinese Communist Party. | ||
| They're pushing a special defense budget right now, around 40 billion US dollars that the KMT, which are basically, let's just call them what they are, the CCP over in Taiwan, are desperately trying to kill. | ||
| And really an affront to the Taiwanese people. | ||
| They are, I think, concluding shortly, but making really a concerning three-day delegation trip visit to the mainland to Beijing, meeting with high-level Chinese Communist Party officials, particularly on the Taiwan desk, visiting Tsinghua University, doing the whole pomp and circumstance, the whole tour over there with the vice chairman of the party and about 40 scholars from the think tank that is affiliated with the party there. | ||
| This, of course, being a precursor to having the actual chairman of the party go over there, though, of course, the KMT had to do a lot of favors to the Chinese Communist Party to even get this meeting in the first place. | ||
| But this, I think, is really concerning. | ||
| Obviously, we focus on the sort of hybrid warfare, the gray zone stuff, the political infiltration. | ||
| But this is pretty in your face, right? | ||
| Obviously, the KMT is pretty hollowed out by the Chinese Communist Party, but the kowtowing and the groveling, particularly over the special defense budget, obviously the Trump administration allotted billions of dollars to Taiwan, but Taiwan themselves are focusing on, particularly through the legislative yuan, trying to get the $40 billion passed. | ||
| The KMT, so that's the CCP proxy party, has 52 seats. | ||
| The DPP has 51, and then the TPP has about eight seats. | ||
| So that's where you have more wiggle room with that party. | ||
| But what you're seeing really is the Chinese Communist Party by all means necessary trying to sabotage this special defense budget because it's so instrumental to Taiwan's defense, but also that you've seen signaling from the United States and President Trump that they support it too. | ||
| So I think all of these things together show you that Xi Jinping is extremely emboldened. | ||
| And anybody who's saying otherwise, that's just nonsense talk. | ||
| I've been hearing China is going to collapse for decades now before I was ever born. | ||
| That's not quite true. | ||
| And rhetoric like that, I think, is pretty dangerous. | ||
| Natalie, hang on. | ||
| Amazing report. | ||
| Captain Finnell, does everything Natalie's saying, everything that you've been saying, is she still focused? | ||
| Are we still on the path to a potential invasion of Taiwan in 27 or 28, given everything that you see right now, weighing, measuring everything that Natalie's talking about? | ||
| Well, Natalie's analysis is spot on. | ||
| I concur with what she said. | ||
| I have, for since 2012, I have been talking about the decade of concern. | ||
| If you go back and relive Hu Xin Tao, the previous leader, and Xi Xi Ping, when he took over, they ordered the PLA to have the capability to take Taiwan as early as 2020. | ||
| And I believe that the latest date is around 2030. | ||
| Then, when Admiral Davidson left PACOM, when he retired, he came out and mentioned that there was this 2027 timeline based on the 100th anniversary of the PLA. | ||
| It could be in 2027, but I guarantee you that Xi understands that in order to have this ceremony in Beijing on 1 October 2049, the 100th anniversary of the People's Republic of China, that whoever that paramount leader is, they have to be able to say that they have restored China. | ||
| They have taken all that they claim is theirs, the South China Sea, Taiwan, the Senkakus, the Ryukus, disputed territories with India, territories with Mongolia, possibly, even with Korea and Russia. | ||
| They have to restore all that into their ownership. | ||
| And the one that they cannot get right now has been Taiwan. | ||
| And they prefer not to use force, but both Hu Zhintao and I believe Zhang Jamin, but we know Hu Zhintao ordered the PLA, and we know Xi ordered the PLA to be ready to take Taiwan as early as 2020. | ||
| And they know that they can't use military force much past 2030 and expect the world to forget what they do and then come back to Beijing and have a big celebration like they did in the 2008 Summer Olympics when the world came and watched the opening ceremony like George Bush did with his jacket off and his sweatstains under his armpits in the Bird's Nest Stadium. | ||
| So we're in this most critical time right now, the next three, four years, where Xi is measuring and knows that he has to either get Taiwan to buckle, and good on Natalie for mentioning the KMT is over in China right now. | ||
| So he's working beneath the scenes to try to break Taiwan's will down. | ||
| But if he doesn't get that through non-kinetic means, he has prepared the military to take action. | ||
| And what he has been doing over this last two years is systematically, like a biathlete, shooting the targets in the target zone, those Central Military Commission members. | ||
| He's taken them out one by one, all the resistors. | ||
| And now what he has, as Natalie correctly mentioned, a younger generation of officers who's very, very keen on taking back what they've been told their whole lives is that Taiwan is Chinese territory and they want to take it. | ||
| Look at the Minister of Defense, Admiral Don Jung. | ||
| He is an admiral, the first time they've ever had an admiral in charge of the Ministry of Defense. | ||
| Many people poo-poo it. | ||
| He's not a member of the CMC right now, but Admiral Dong's background is that he is someone that was in charge of the Eastern Theater Command, the East Sea Command, that was responsible. | ||
| And they formed their first joint command back over 15 years ago to take Taiwan. | ||
| So he is intimately involved with planning to take Taiwan, and he is in charge of the Ministry of Defense. | ||
| And the Western China watchers say, well, he has no power, no influence because he's not a CMC member. | ||
| He's just a diplomatic guy and he only does diplomatic issues. | ||
| I disagree with that. | ||
| And I think that there's a lot of evidence that suggests that they are on this path. | ||
| And we keep in the West deflating that threat. | ||
| And what it does is it tells Congress, oh, you don't really have to pass these bills that are necessary to retransform the U.S. military. | ||
| And President Trump got it. | ||
| You know, on this issue of the purges, what did the president say yesterday on Air Force One when asked about it? | ||
| The man in the world that's got the most intelligence is Donald Trump. | ||
| And what did he say? | ||
| He said, G is still the boss. | ||
| He's still the man. | ||
| Captain Finnell, thank you very much. | ||
| I guess we're going to see some writing journeys up on American greatness. | ||
| We'll look forward to it. | ||
| Thank you so much for joining us. | ||
| Natalie's going to stick around. | ||
| Short commercial break. | ||
| Back in the warm in a moment. | ||
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Spread the word all through Hong Kong. | |
| We will fight till they're all gone. | ||
| We rejoice when they're no more. | ||
| Let's take down the CCP. | ||
| Here's your host, Stephen K. Bannon. | ||
| Natalie, as one of our top, if not the top, researcher on the Chinese Communist Party in this war against the United States, unrestricted warfare. | ||
| Does Peter Schweitz's book, Invisible Coup, show the actions of Xi and his regime are an active unrestricted warfare within the United States, ma'am? | ||
| Is that a rhetorical question? | ||
| I think, of course, we've been documenting this for years, but I also think I would use this final minute to also say that it's not just the Chinese Communist Party. | ||
| The United States is also really good right now at shooting itself in the foot, right? | ||
| China's undergoing mass-scale mobilization, military-civil fusion, you name it, right? | ||
| Our defense primes are so behind on producing numbers that still would put us behind the rate of Chinese buildup that it's despicable. | ||
| It's a shame, right? | ||
| It really is managed decline, but it's accelerated decline. | ||
| You see it in that. | ||
| You see it in the rare earth stuff. | ||
| And I don't understand still why we're giving chips, why we're giving these critical technologies to a country that has explicitly said that they are trying to destroy us and replace us. | ||
| And we're seeing that on full display right now. | ||
| And that's very kind of Peter to say that. | ||
| I remember growing up reading his books. | ||
| He's a wonderful researcher. | ||
| And I'm going to have a story coming out soon talking about how there's now Chinese Communist Party linked groups that are getting in on the take when it comes to defunding ICE. | ||
| Wow. | ||
| Natalie, your substack, social media, your coordinates. | ||
| Where do people go, ma'am? | ||
| NatalieGwinters.substack.com. | ||
| Natalie G. Winters, on all platforms, you can see the latest story. | ||
| If you can believe it, WHO did a pandemic simulation eerily similar to the lockdowns that we're seeing right now happen across Southeast Asia just last December. | ||
| So go read that one. | ||
| Natalie Winner is amazing, as always. | ||
| Thank you, ma'am. | ||
| Thank you. | ||
| The star researcher on tough topics, really, in our country today, just extraordinary young woman. | ||
| Chad Meisel. | ||
| So Chad Meisel, you came on the show the other day. | ||
| And man, Andy McCarthy, who's really a Trump derangement syndrome, he went off. | ||
| You made this case that, hey, we're looking for people. | ||
| I said, hey, look, the top law firms, the federal society, a lot of groups have said have put a ban on working at Maine Justice for President Trump. | ||
| It's the only reason one of the reasons, besides blue slips, we only got 14 of the 94 U.S. attorneys. | ||
| You said you're working on a project now to make sure people have careers after they work. | ||
| He went off on you and the whole thing that, oh, we're not looking for the best and the brightest. | ||
| We're not looking for Democrats. | ||
| We're not looking for independents. | ||
| This is all just a, this is another move of fascism. | ||
| And Chad Meisel is off base. | ||
| Now, you were former chief of staff over Maine Justice. | ||
| Explain to, just take a couple minutes, explain to Annie McCarthy what you in fact are doing. | ||
| Steve, thanks so much for having me again. | ||
| It's a shame I have to do this, but let me first start with the Constitution of the United States because Andy clearly doesn't understand that. | ||
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All Power Vested in One Person
00:02:40
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| It says in Article 2, all executive power shall be vested in a president of the United States. | ||
| Unlike some of the other articles, this one vests all power in a single person. | ||
| That means anytime an executive branch officer is using executive power, an AUSA indicting somebody, charging someone, convicting somebody, bringing criminal evidence against somebody, all of that is executive power. | ||
| That's included. | ||
| That means if the president doesn't like how you're using his executive power, he's free to tell you, stop, use it in a different way. | ||
| And the way he communicates that to all of us is via executive orders. | ||
| So if you are not on board with the president's agenda, if you're not on board with the executive orders, he is free to say, you're not allowed to use my executive power. | ||
| And in fact, I don't want you in my government. | ||
| And Steve, that's exactly what we were able to do at DOJ. | ||
| You know, my job as chief of staff, working with Attorney General Pam Bondi and Deputy Attorney General Todd Blanche was to try to root out a lot of this stuff. | ||
| And we got immediately to work. | ||
| On day one, we dismissed about 100 people who we thought were working against Donald J. Trump. | ||
| Over the course of the next several months, thousands of people from DOJ who honestly looked themselves in the mirror and said, we cannot enforce this policy, they left. | ||
| And Steve, I have a lot of respect for them because that's how government should work. | ||
| It should work that if you can't follow the wishes of the duly enacted or the duly elected president of the United States, then you need to leave. | ||
| And all we're looking for now are people who want to follow his agenda, who actually want to see law enforcement carried out in the United States and who are looking forward to doing that and want to be part of the team. | ||
| Chad, where do people go for your social media? | ||
| Because this fight is only going to heat up because it's more intense than ever to get the right people in there and make sure that people are in there want to follow the president's instructions. | ||
| So where do people go on your social media? | ||
| Because I can tell you, Annie McCarthy is not going to back off this. | ||
| I know you're not. | ||
| And we want to make sure we stay current. | ||
| So where do folks go? | ||
| They can message me on X. | ||
| It's Chad underscore Mizell, Chad underscore M-I-Z-E-L-L-E. | ||
| And Steve, if I could give one point of like really positive news, I've received hundreds and hundreds of inquiries already. | ||
| I mean, really, really good essays. | ||
| We're talking top law schools, top law firms, top prosecutors all over the country reaching out to me. | ||
| This is incredible. | ||
| This is amazing. | ||
| We're going to push this clip out hard. | ||
| We know there's tons of people that want to sign up. | ||
| They just need to know how they do it. | ||
| Chad, great work. | ||
| Keep fighting. | ||
| Appreciate you, sir. | ||
|
Mattress Deals Revealed
00:02:03
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| Thanks, Steve. | ||
| I want everybody to be a force multiplier. | ||
| Please get that clip from Chad and let's push it out hard. | ||
| We've already had hundreds of people respond, and nothing could be more important for us right now in taking on the deep state and effectuating President Trump's policies than making sure we get at Maine Justice and these U.S. attorneys a full team. | ||
| Mike Lindell, we'll talk about your governor run tonight and off, you know, but in the rest of the week. | ||
| The audience right now wants to know what are the deals. | ||
| Give me a deal to kick off the week. | ||
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| Mike, thank you. | ||
| We'll see you this afternoon, sir. | ||
| The Charlie Kirk show is next. | ||
| Post those after that. | ||
| We're back at 5 p.m. Eastern Standard Time. | ||