
Episode 4078: Mainstream Meltdown Over MAGA Trump Cabinet; Taking Over The Treasury ...
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Stephen K. Bannon
You implying that the Fed and the treasury are working to basically put more infuse more liquidity into the system to help Biden in his reelection?
Unnamed Political Analyst
I'm making two different or I am seeing the shades of gray. And with Yellen, she is a political appointee. In an editorial or a piece I wrote two years ago, I called her. Three years ago I called her one of America's great public servants. In my letter yesterday, I called her a political apparatchik. And she has crossed the Rubicon and is the clearly on a political mission.
Scott Besant
Scott Besant, because all week long it's been who's going to be Donald Trump's treasury secretary. And even though there are many, many outlandish or unqualified picks, Scott Besant is a super qualified guy. Now, a week ago when the battle between Howard Lutnick and Scott Besant, Lutnick's camp was trying to crush Besant because he once worked for George Soros. But the absurdity of that is if you actually want someone, and I'm not saying you should, but if you want someone from the investment community, anybody who's a true baller has either worked for Soros, Julian Robertson or Michael Milken. That's where we are. So the argument that he was once with Soros is silly. But I want to ask you, Scott Besson is unlikely to buy in to the mega tariffs and the plans that Donald Trump wants. And what we need is a Treasury secretary who's going to create stability. So what's going to go down here?
Unnamed Political Commentator
Well, we don't really know yet because Besson, like other people in the Trump camp, has talked out of both sides of their mouth on tariffs. Okay, on the one side they say, look, America used to be funded with tariffs. Alexander Hamilton was a tariff guy. So we're going to get funding from tariffs. On the other hand, they talk about it as a negotiation tool. You can't have tariffs as a revenue. In other words, we're going to spend based upon this revenue if it's a negotiation tool. In other words, we can get rid of it if somebody else is going to lower their tariffs and will create free trade. So we don't really know what they're.
Unnamed Political Analyst
After on the other side. I would point out that Steven Mnuchin, the President Trump's treasury secretary, did what was extremely prudent during COVID You know, he Left office on January 19, January 20, 2021, there was 1.6 trillion in that account because of the COVID crisis. You know, again, this is a buffer. The Treasury Secretary and the Federal Reserve Chair are risk management positions. Are you willing to risk. Are you willing to risk the credibility, the liquidity of the US Government to get your president reelected?
Stephen K. Bannon
Wow.
Unnamed Political Commentator
There can be very, very different Treasury Secretaries. Some end up being a pillar in the administration that end up advising the president, having a center of power on their own. Others end up just simply doing the bidding of the President.
Scott Besant
Oh, this is a great point.
Unnamed Political Commentator
So we don't know yet. First of all, we don't know what the policy is that could be asked to defend. When you talk about telegenic or not telegenic. I wonder about whether or not this person in that position is going to be somebody who is going to stop or foster the president from taking extra constitutional measures. Well, that's not.
Unnamed Political Analyst
That's the most important question.
Unnamed Political Commentator
He had certain people in his first administration who stopped that from happening. And when you talk about normal, I think, Donny, what you may mean is that somebody who can stop the President from deploying the military against American civilians.
Stephen K. Bannon
Well, we're going to have OMB people should understand that outside the chief of staff, the second most important job in the American government is the director of Office of Management and Budget that coordinates all of federal spending, every program. It's an immense. And it's a huge staff. It's a quite complicated but very important job. We've all been told, right, that Francis Collins and Tony Fauci are. You can't get to them, that no control over them, no management of them. They had this massive budget. They're like lords of the manor up there on Capitol Hill and nobody crosses them. Russ, what happened during your time at OMB with this, with this part of the medical administrative state and our government.
Russ Vought
Steve, thanks for having me. That's exactly what I saw, as I saw a National Institute for Health that you could not get them to do reforms. You could not get them to accept cuts. If you propose reforms to them, they would go straight to the Hill and say, this is not something that we're willing to accept. They wouldn't send things to the Office of Management Budget so that we could do the job that we're supposed to do for a president to make sure that anything that they're going to do at an agency aligns with what the President actually believes. This is what the administration administrative state is. This is what the Imperial Congress does.
Stephen K. Bannon
That's Russ. And he's gonna be right there at OMB to execute that plan.
Unnamed Contributor
A bunch of some of these people work for him now. Donald Trump tapped former NFL player Scott Turner to lead the Department of Housing and Urban Development. Turner is a leader at the America First Policy Institute, a group that, like Project 2025, has been planning for months to overhaul the federal government in a second Trump term. The president elect named far right conspiracy theorist Sebastian Gorka to a key national security role and a 5 contributor as his surgeon general pick. Rounding out the list, Trump will nominate Scott Bessett, a billionaire hedge fund executive and top campaign fundraiser, to be his treasury secretary.
Unnamed Political Commentator
Hint of this. Back in the days when, I don't know, journalism sort of mattered. Right.
Stephen K. Bannon
They still do.
Scott Besant
Hold on a minute.
Unnamed Political Commentator
I'm sorry.
Scott Besant
When you say that you are, that is the greatest gift to Steve Bannon, who wants to destroy all journalists. So I'm going to kick you right out of here.
Unnamed Political Commentator
The point I always make is accurate.
Stephen K. Bannon
But I'll let you fix it.
Unnamed Political Commentator
When we would get a hint or a whiff of a conflict, it would blow up into a very big deal.
Scott Besant
True, true.
Unnamed Political Commentator
It is just not the case anymore. I don't know why that is. I don't mean to denigrate journalism. I'm a lifelong journalist. I'm a huge supporter of journalism, but I just don't know because where and.
How it matters anymore people care about are their problems being solved. If my pocketbook, if I. If my bread costs less and I'm not worried about immigration and I don't feel crime as bad. But they don't even know what a conflict of interest is.
Stephen K. Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. I got a free shot on all.
Unnamed Political Commentator
These networks lying about the people.
Stephen K. Bannon
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.
Unnamed Political Commentator
You'Re not going to stop it.
Stephen K. Bannon
It's going to happen.
Unnamed Political Commentator
And where do people like that go.
Stephen K. Bannon
To share the big line? MAGA Media.
Russ Vought
I wish in my soul, I wish that any of these people had a conscience.
Stephen K. Bannon
Ask yourself, what is my task and what is my purpose? If that answer is to save my.
Unnamed Political Commentator
Country, this country will be saved.
Stephen K. Bannon
War Room. Here's your host, Stephen K. Bann. It's Saturday, the 23rd of November in the year of our Lord 2024. I gotta give a hat tip to our. The production staff here. Fantastic. The content staff here, because we don't know how much longer we're gonna have them. I think they may step in and actually help save this country. By going into the administration. But wow, that's one of the best, if not the best cold open I've ever seen. Kind of going down through the years, Starting back in February of 2021 with the Russ vote, who came on here to walk through everything related to the pandemic and what President Trump had done and of course what Biden was doing and the blockage they got with Tony Fauci, etc. Had Scott Besson's first appearance, I think it was January of 2024, first time started doing media and of course all of it. I'm going to play different parts of that. We're going to talk about what's important here, the signal, not the noise. But I do want to say one thing. Stephanie Rule, if we can get ready to replay that. I start my day after doing my early, early pre dawn routine and then catching my news. I start my day with Mika and I end my day with Stephanie. Roll. I watch your show every night. So Stephanie, don't worry about, you know, going give. Yes, overall, the media is the enemy, right? And you know, you're a hater, although with a small H, not a, not a capital H like Mika. But you know, and we're kind of sad that MSNBC is getting spun off and we're sad that Rachel Maddow had to take a $5 million cut. She was making what, 30 million bucks a year, one night a week. Nice work if you can get it. That's kind of populist, isn't it? We start with Mika and we end with Stephanie. And I actually think that Stephanie may one day what I would recommend strongly, strongly msnbc. Get your rings up. Dump Joe in the intern problem. President Trump. Gates and President Trump kind of went separate ways for a while. Maybe some issues couldn't get the votes. Joe's deal baggage. Mika, he's deal baggage. Cut him loose. Get Stephanie Rule and you know, have her co host, have her be your wingman. The show's ratings will skyrocket because Stephanie Rule's a former investment banker. You have to have to take on the administrative state and the deep state and to basically get the country back on a correct footing, you need every administration. You got to have fire breathers and you have to have steady eddies. You've got to have some people that are just the stability, organized going to do it. But you also need those that bring the heat, like a Pete Hegseth, like a, like a Matt Gates, like a Christie Noem, like an RFK Junior, like a Tulsi Gabbard. Just to pick some random names because the way the government works, in the cabinet positions, the cabinet positions, you're essentially helping craft the direction of the government and the direction of President Trump's second term in Trumpism, in the age of Trump, because this is where we are. But mainly those jobs are jobs. You're trying to communicate, you're trying to communicate through the American people. You're trying to communicate to our allies. You're trying to connect with media and global media. You're trying to connect with foreign leaders geostrategically so they understand the direction we're going. And you have to make it smart and you have to make it accessible. And that's a very rare gift. And that's why he has something. President Trump, he's the best. This is why I call him a McLuhan esque figure. What do I mean by that? It's off of Marshall McLuhan, a professor at Washington University out in St. Louis who became the genius of kind of modern communications theory back in the 1950s with the rise of television coming off of radio, the first two real mass communication apparatus that we had that changed the direction of the world. Right. So. And he's McLuhan asking that he knows in modernity, in the modern world, so much of this is mass communications and it is connecting with and particularly in a democratic form of government or in a constitutional republic that goes forward with democracy, which is 50% plus one vote. Right. Kind of winner take all that you have to communicate and you have to be able to communicate and drive the narrative with your ideas and then you follow them up with the execution of those ideas. That's what President Trump understands in this, in the government. And I said that back when Russ first came on here in February of 2021. Russ votes first hit. I'd known Russ for years. Had, he was the deputy with. He had been around and been, I think chief of staff had been on the Hill. He, I met him when he was Mulvaney's deputy at omb. The deputy kind of runs the, runs the shop. And OMB was so important to me because as a young naval officer, I came out of the fleet, out of the Pacific Fleet, the 7th Fleet off my ship. We were in the, I guess the North Arabian Sea and Persian Gulf towards the end during the hostage crisis. And it came back as a special assistant. We can just take that down, just one tone. Fine, good. Right underneath the voice. Perfect. We're going to go out with, we're going to go out with Nicole Nogrady who graced us as a photographer. She came to the Dan Floyd's book open the other day and took some tremendous photographs of Dan Floyd's launch of his photography book. I came back and I came back as a special assistant to the chief of Naval operations over in the Pentagon. I showed up, went to President Reagan's inauguration and then showed up for work the next day. It became very evident to me as a young man because the Reagan administration started and they had a young guy named David Stockman in a job called OMB that nobody understood what it was. I think it came up, I think it was a job created. I think in the 60s or 70s, David Stockman essentially ran the government, became the most important guy initially in the Reagan administration. Office of Management Budget coordinates everything and President Trump has announced a, quite frankly a quite serious team of executives to basically get the finances of this country set and unlock the economic powerhouse that we are, the entrepreneurial economic powerhouse that we are. Office of Management Budget Russ Vote will return. He was President Trump's OMB director for I think the last two years of the administration first term. Scott Besant is now is going to be I think the 79th Secretary of Treasury filing in a long line from Alexander hamilton. Also Sebastian Dr. Gorka, frequent contributor on the show. We used to carve out a time every week to have him on. He is deputy national Security director for Counterterrorism where SEB has worked for decades and decades and decades. Short break. Back in a month.
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Scott Besant
Action all week long, it's been who's going to be Donald Trump's treasury secretary. And even though there are many, many outlandish or unqualified picks, Scott Besant is a super qualified guy. Now, a week ago, when the battle between Howard Lutnick and Scott Besant, Lutnick's camp was trying to crush Besant because he once worked for George Soros. But the absurdity of that is if you actually want someone, and I'm not saying you should, but if you want someone from the investment community, anybody who's a true baller has either worked for Soros, Julian Robertson, or Michael Milken. That's where we are. So the argument that he was once with Soros is. But I want to ask you, Scott Besson is unlikely to buy in to the mega tariffs and the plans that Donald Trump wants. And what we need is a Treasury Secretary who's going to create stability. So what's going to go down here?
Unnamed Political Commentator
Well, we don't really know yet because Besson, like other people in the Trump camp, has talked out of both sides of their mouth on tariffs. Okay. On the one side, they say, look, America used to be funded with tariffs. Alexander Hamilton was a tariff guy. So we're going to get funding from tariffs. On the other hand, they talk about it as a negotiation tool. You can't have tariffs as a revenue. In other words, we're going to spend based upon this revenue. If it's a negotiation tool, in other words, we can get rid of it if somebody else is going to lower their tariffs and we'll create free trade. So we don't really know what they're after. Well, I mean, it's the scene in what's his name day off. Like, you know, anybody, anybody.
Stephen K. Bannon
Did this tariff help? No. It pushed us further into a recession or depression.
Scott Besant
Yeah.
Stephen K. Bannon
We learned our lesson.
Scott Besant
He loves it on the campaign trail because for people who don't know how it works, you know, it goes back to the America first made in America. And the question will be, does he really do it?
Unnamed Political Commentator
The move, Young Frankenstein, Abbey Normal.
Stephen K. Bannon
Yes.
Unnamed Political Commentator
Okay. Does the Abbey Normal ones?
We know which one. This is a normal one. This is a solid one. And to your point earlier, the thing about him that maybe separated him from Rowan and the other guy is that he was the most loyal of the bunch. That's coming from you. So that seems to be the thread that's kind of pulling everybody together. I don't know how he is telegenically because that's the other threat. If you look at just about every one of his other picks. Now, treasury is not out in front as much as some of the other types of picks, but be interesting to see.
Stephen K. Bannon
Okay. If you go to Getter, I think I put up, if you pull that, that the critical path here is that you have the CR. So the government runs out of money on the 20th of December. And there's two schools of thought up. I think right now they're looking to kick it into the first part of the Trump the first, the kicking in the first 90 days of the Trump second term. That would be to kick it past January 20th. So President Trump, OMB, treasury, all of it, all his cabinet heads have it working with Capitol Hill and the appropriations bills. They're also talking about maybe slipping in an omnibus. Now, this city, everybody's gone. Everybody's left and kind of gone for Thanksgiving, the House and the Senate. There are some people working. The transition folks are working. But unless they're doing behind the scenes, and they could well be doing it behind the scenes because there is a school of thought that. And when you hear people say, oh, we want to clear the decks for President Trump, that's Washington talk for we want to get a last payday for our lobbyists. Right? We want to make sure the lobbyists get paid the last time before Trump comes in with more serious people about this. So let's assume for purposes of this discussion that it gets kicked into the first hundred days of Trump. So you got to do a budget and you have to, you know, worry about what that budget is going to be deficit because there's going to be a, you know, a tax number that's around, I don't know, 4.5 or 5 trillion. And the spending now looks like, and I think under Biden is six, six and a half trillion. So you have a gap of one to one and a half trillion dollars. So that's December 20th. Run out of money. And something has to be done, either omnibus bill or another CR on the second January, actually, technically, the way the edit said it was in the first 10 days of Trump's administration, technically, I believe, and I think this number is correct, that the McCarthy deal runs out essentially on the day after the first day back from the Christmas holidays. I think it's January 2nd or January 3rd that we hit the debt ceiling. Now, the Secretary of Treasury, which at the time will still be Janet Yellen, can manage, as we said, receipts. In fact, where I first met Russ Vogt, or really shouldn't say met Russ vote, but spent time with Russ Vote was in May and June of 2017, when we knew that we were going to hit the debt ceiling and have to come up with a new budget. On September 30, we were thinking downrange, Russ votes the first guy to kind of broke down. I talked to him and he came down and broke down what we called the waterfall. Because cash is coming in on tax receipts, on tariffs, on fees, on revenues all the time throughout the year. Obviously, there's some big payment times, I guess around April 15th and other times where you get a ton of cash, but cash comes in the entire time. And to make sure you don't default on government securities, right, you got to pay the interest. And sometimes you have to these things roll over. You have to pay the short term notes or roll them over and refinance them. You have to apply that cash. It's like you do in any bankruptcy, right. Or a company that's getting close and getting some financial problems, you prioritize your payments. And Russ walked through the mechanics of how, hey, this is the waterfall. This is how cash comes in. And we kind of worked out a plan that you can go a pretty long time. My point, on January 2nd, we don't run out of cash now. The government's out of actual money to spend on the 20th. I think that CRO will get kicked into the Trump administration. Then he hit the debt ceiling. But you're going to have cash coming in and you can manage that for a while. You know, back when President Trump, I think hit the debt ceiling under Mnuchin, I think they went three or four months at least for. And you can stretch it out, the cash comes in, you can do some very smart things. And of course that's part of in this transition. When we say you have landing teams and then beachhead teams, remember landing team and a beachhead team. This is one of the things I think the landing team and I assume once they get these technical details worked out about transition, which I understand, I don't think are totally worked out yet, the meetings between this and between Treasury, I think in that handoff, because remember, you got to relieve the watch, you got to relieve the watch on January 20th in the relieving the watch process. That will be a big one for treasury, obviously. And then you've got to deal with the debt ceiling. You're going to have a, because you got a debt ceiling and then all of a sudden you're going to pass a budget that somehow it's going to have at least a trillion dollar deficit. Kobayasi just pointed out that We've added over $2 trillion just in the last 12 months. His tweet the other day laid out it was $2 trillion. And we're on a path at one time of a trillion dollars every hundred days. If you stretch it out, point is you're going to have at least another trillion dollars added to the national debt. Now, there was also a report yesterday, oh, it was up on the great Citizens Free Press. And of course that's one of the things we go to, I go to obviously multiple times a day. If you start with Morning Mika, you gotta keep your own Citizens Free Press and Breitbart and Revolver and you know, the Gateway Pundit, all the great sites that we have, news sites. The projection is you could hit $50 trillion at the end of these four years. That's another basically 12 or $13 trillion. Now, I have not done the back of the envelope math to verify that, but we're on an unsustainable path. And this is what President Trump's walking into now on top of all that, and I think this is April 15, that the tax year, when tax have to be paid. I believe on April 15th or thereabouts, you basically have the reversion of the tax cuts, the Trump tax cuts that were the fundamental bedrock of the Trump, the Trump economy. And when people vote and when people are in the ballot bar and they did the exit polls, so many working class and middle class people said, hey, I'd like to go back to the economy of 18 and 19 where we had low inflation, we had low interest rates. You had full employment because I think unemployment is under 3%, around 3%. You had African American, Hispanic employment were all time highs. You had wages for unskilled workers rising at record rates. I think you had definitely for the first time in history, blue collar worker rates, wages rising faster than white collar non college graduates, higher than college graduates. But college graduates and white collar were rising also. It's kind of in what people never give him credit for. Janet Yellen, who was the chairman of the Federal Reserve, was actually taking liquidity out of the market. Remember we talk about the balance sheet of the Federal Reserve after 2008. They put all this debt on just to force liquidity cash into the system, to save the system. It's up to I think $8 trillion. And they may have taken it down to six and a half or $7 trillion now. But Janet Yellen, at the time President Trump inherited three and a half. I think it was three and a half trillion dollars on the Fed's balance sheet that Obama had used and Geithner had used and Bernanke had used, his team had used to infuse the system with cash to avoid a meltdown, a financial collapse. Yellen, in Trump's second and third year, starting the first year, started doing what you call quantitative tightening. She was taking liquidity out of the system. They took almost a trillion dollars of liquidity. That's a headwind. That's a headwind. And you do that so you can start to deflate. So you don't have asset inflation. You don't have some sort of bubble. You try to take the air out of the balloon slowly. And this was President Trump's economic plan that was all laid in, in the first days of 2017, really 2016, the same time we're talking about now for the second term, was when the economic plan and the tax cuts and the deregulation were all kind of laid in. And that was the predicate that was laid in in 2017, because it takes a while to kick in. It kicked in in 2H18, all through 19. And so by Christmas of 19, you were like a house of fire on an economy. And then the pandemic hit, right? The pandemic hit. President Trump was heading towards a roaring reelection in the, in the, in the fall of 2019 because of where the economy was. World peace in an economy that was on fire. Okay, Philip, Patrick's going to be with us later. We're going to talk about a lot of these topics. Birchgold.com Bannon end of the dollar empire. Understand that we're the prime reserve currency and no Rachel matter. And your producers, you get it wrong again. We're actually trying to save the dollar. We're saying the elites in this country are destroying the dollar. That's why I call it. Welcome to Thunderdome. These fights we're going to have over budget and money, because money is power in this town. The currency of power. Birchgold.com check it out or Bannon at 989-898 text short break. Back in the worm in a moment.
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Stephen K. Bannon
Bannon here's your host, Stephen K. Bannon. Okay, if you look at the Getter post, I then call it welcome to Thunderdome because I gave this speech a year ago and a year ago in Pinehurst to the Cleta Mitchell had me down and my kid sister had me down for the Republican Club there. And the whole speech was the convergence of two things are going to happen upon President Trump assuming his second term. Yes. Called shot back in November of 23. Like from the very beginning we knew President Trump was going to return and said, hey, here's what's going to happen. You're going to have this financial and economic crisis that's been building and they're exacerbating it also. You should know, and I'll have more details next week. But they're playing all kind of games right now, all kind of and these are deeply serious games with the system to try to chop block Trump, Biden and the administrative state and the deep state. Absolutely. Biden, let's set that aside. It's kind of irrelevant him the administrative and deep state because they're the enemy here. They are absolutely bound and determined to make sure that President Trump one, can't govern and two, his second term is a failure. So when they're sitting up there saying, oh, we have to have unity, one, America, it's all crap. It's a bald faced lie. And you can tell on three, at least three major components. Number one, what they're trying to do at the southern border to still get as many people through here as possible and cause even more chaos. Okay. Number one, including even a nap. Number two is what they're doing financially. They're playing all kind of games right now with America's debt and what's going on. And that's all going to be sorted out. We'll be able to give you more detail about that. But stand by that of what they're doing and playing Games right now to make sure that President Trump hits the wall right of the box, what I call Thunderdome, right of the box in his second term. And number three, is this metastasizing and quite frankly, incredibly dangerous. Incredibly dangerous what they're doing in Ukraine. And of course, the International Criminal Court has indicted Bibi and I think his war minister, minister of defense also. What's happening in this Ukraine is as scary as it gets, because now you have a place where conflict has run rampant in the 20th century. They call that part of Ukraine and Belarus and Russia, that kind of area down by Stalingrad and Kursk with Belarus right there in Ukraine, in that part of Eastern Europe, all the way running up to Poland. It's called the Bloodlands. There's an amazing book that kind of goes through this. It's called the Bloodlands. And it's just not World War II. It started well before that started really with the Bolsheviks and their revolution. And then the starvation of 5 million, the murder, essentially, by starvation of 5 million Ukrainians by the Bolsheviks in the 1930s, okay, by starvation in an act of conscience over there in the Bloodlands. And hey, when that place spins out of control, it can spin hard. It's spinning out of control now, egged on by Biden. So those three lines of work, the integrity of the southern border, which they've already obviously initiated and exacerbated an invasion. It's one of the reasons they got tossed by some of the reasons. The Rio Grande Valley in South Texas is now maga. From being blue and then purple, it's now maga because those folks are American citizens. They say, hey, we'd like to have a little protection down here. You got all this, what's happening on the balance sheet and this debt, when you're at 36 trillion and you're adding it like you're adding it, and interest is over a trillion dollars, and you got over a trillion dollar defense budget to support the American empire. The scale of this, called the law of large numbers, right? You can get whipsawed. You can get whipsawed. And just the ability to take corrective action doesn't happen overnight. Just to work its way through the system takes a while. Not simply to make the decisions, make sure the decisions go through the system, but it's like turning an aircraft carrier around. I was under destroyer. Destroyer is like a sports car. You put the rudder over, boom. Put an engine back. You can pivot like, you can't do that. Aircraft carrier. The American economy, the American capital markets and the whole thing at the Fed and the treasury, that's an aircraft carrier. You put the rudder over hard to like we got to make a course change. It takes a while to kick in. Just does. And then you have this geopolitical situation on the, on the, in the Eurasian landmass. That's that side. I've got Thayer coming up because two other very important things. Thayer's coming up. I'm trying to get Dr. Thayer on here for a few minutes at the, at the top of the hour. I haven't had time really to drill down on a lot of it. We've been accumulating, talking to people behind the scenes. But down at APEC in, I think it was Peru. Right? Peru, with this regional meeting that Biden went to was she lays out the four red lines that the Americans must agree to if we're to have joint Co Prosperity to pull a term from World War II or the lead up to World War II. The Japanese called Asia the Co Prosperity Sphere before they ran the tables in 1941 to try to control it all. The Chinese are laying at the same thing. For us to be kind of partners in developing the world together. You have to agree to the four things. One of them is Taiwan, in that it's a region, it's a province of China, which means they really have control essentially of the advanced chip design. And we're just going to have to live with it. They won't do a military invasion, but we have to agree that it's just a province, not an independent country. Okay, number one, number two, and this is the tell and the ticking time bomb. It's the reason we had the new federal state. Guys. One of the reasons I was a co founder of the new federal state of China that Lao Beijing, all this talk of democracy and all this talk of freedom and all this talk of self determination has to stop. Inside the Chinese Communist Party. The thing that they fear and they're spending all their time on is a thing called legitimacy. They understand that the United States essentially handed the country after backing the Kuomintang right and Chiang Kai Shek after the war. The war didn't end in China until the civil war played in 1949. And whoop, right out of the box they set the Korean War, which is all because of the Chinese, because we finally ended up fighting the Chinese military. So I would argue that, hey, the Korean War is just the tail end of the fighting in World War II. When you really look at it, we handed it over to the Chinese, to the Chinese Communists in 1949, yes, we did. And a guy named Senator McCarthy called him out and laid it out on the senate floor. And General Marshall quit 90 days later. That's called a scalp. And of course, the Chinese people revolted in 1989 at the same time the Russian people revolted in Tiananmen Square. Happened in June of 1989, and six months later, the Berlin Wall came down. Nobody ever makes that connection, ever. Why do we make it here? Because, wait for it. The Russian people and the Chinese people. I'm talking about the everyday Russian peasant serf person there that fought in the trenches of World War II. Exactly. With Lao Beijing. The common man in China have been our allies and are our allies. Their countries are not our allies because they're run by gangsters. Gangsters that quite frankly, we installed. Yes, yes, yes. In 1989 when it was all about the fall in Tiananmen Square and they had these riots all over the Bush sent Scowcroft 30 days after and said, yo, if you chill here and quit running tanks over, you know, tank man, we can cut a deal and let you in the, you know, because we can let you in the World Trade Organization, we can give you most favored nation status. And Wall street, these wolves on Wall street can start shipping all these jobs over here because you can pay slave wages. And we like slave wages because we have higher gross margins. Right. Pretty simple. That means we're going to make more money and we're going to screw the Lao Beijing of America, the common man, and we're going to screw the Lao Beijing of China because they're going to be slaves. But, hey, tough break for some swell guys and gals. So right now they don't want that. Democracy, that's the key. You want to get peace and prosperity in the world. Support Lao Beijing from overthrowing these dictators. And they're worse than Hitler. You can't oversee anybody's worse than Hitler. Well, hey, the Chinese Communist Party's killed a couple hundred million of Chinese. Let me repeat that. As much as they did in Korea, and some of the backing they did in Vietnam, although that was mostly the Russians. They've killed a couple hundred million of their own people, starved them to death. You know, the great leap forward, the Cultural Revolution, just starving. Mao was sit there all the time and say, let's get some nuclear weapons. Hey, if they kill a couple hundred million of our people, we'll recreate. Not a problem. Got less Mao's to feed. They did the one child policy. So geopolitically geostrategically and with the balance sheet of our country, 2025 as 2024 has been. But 2025, it's going to roll in to be one of the most important years in the history of our nation, because there, the cavalry's finally arrived. Donald Trump is the John Wayne of this. Look at the old John Ford movies, you know, Fort Apache, she Wore a Yellow Ribbon, Rio Grande, the three. The Cavalry trilogy. It's John Wayne. Well, that's Donald Trump. I'd actually argue the Searchers. He's John Wayne. He's Ethan. It was Ethan Allen, not Ethan Allen. Ethan. He's the John Wayne. Kirk. The cavalry finally came for the homesteaders. Right? They're under siege, but they're playing games all the time. And that's why these financial announcements of these people with the team around, Pam Bondi at the Attorney General in the White House Counsel's office. And hey, here at the War Room, we're going to have to. The show is going to stay the same for you guys at home, but we're going to have to revamp. We know that. Why a ton of our contributors, people come in here all the time. They're giving you great information. They're going to go in the Trump administration, as they should. I tell everybody, hey, run to the sound of the guns. Right now, President Trump needs support. There's plenty of work to do and plenty of billets. There's 4,000. Saddle up, get up there and support him. Because, man, there's a lot of work doing and not a lot of time to get in done. You have to move with urgency. We probably got a year to get stuff done. Probably a year. Ride to the sound of the guns, get down there, get a job, get to Washington, get in and do it. And with our production team, too. But we'll be fine. We'll figure it out. Hell, we figured out. The guys did such a magnificent. Men and women here did such a magnificent job during the, during the, during my, my four months in a federal prison. Didn't miss a beat. Well, now they're back in the saddle. I'll commit to them. I'll be next. Man up. How about that? We won't miss a beat here, but this is deadly serious and we pride ourselves in covering this in a serious way. We're not going to chase shiny toys. We're not going to chase shiny ponies. This country hangs in the balance. And don't think that they're sitting there just clapping of President Trump. Why are we talking about the unitary theory of the executive Write this down, Warren Posse. This is nomenclature, unitary theory of the executive. And you've got all kind of things are going to fall off that this whole thing about the executive can actually put with the House can put the Senate into recess or the impoundment issue. Stay tuned for Russ vote. And maybe, I don't know, a random guy like a Mark Paoletta. Just don't add a random name over hammering on impoundment. And folks, I know this, they're all on msnbc. They said, oh, they're going to go to, hey, let's roll. Let's go to the Supreme Court. We got the Chevron exemption deference overturned to take down the administrative state brick by brick. Some of these are going to be challenged. I got it. I think they should be challenged. We need some clarity. This is why it's so important to stop those judges up there on the Hill in the Senate. I'm still not sure I think we won. We definitely got the four appellate judges that didn't get there. I'm not so sure. I counted as a total victory. I'm counted as a mini victory. But this is where the fight's going to be. Fight's going to be on money and power and geopolitics. You're going to get the woke stuff, all that. I'm not saying those are shiny toys. They're not. And they're important. But that ain't the, that's not the main thing. You got to get the D woke out and change what they tried to do as Bolsheviks to destroy the customs and traditions. The four olds is what they call it in China. The CCP went after the four olds. Our traditions, our customs, all of that. You got to do that. But you got some other work you gotta get done or we're gonna. This thing's gonna crap sideways. Short break. Back in a moment. When the doctors at Brick House Nutrition.
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That's promo code SALE@FieldofGreens.com and do not forget, that's promo code SALE@FieldOfGreens.com here's your host, Stephen K. Battle. Welcome back. Ethan Edwards, the engine room tells me, sure. Remember that Ethan Edwards at the Searchers. So those are the. And Natalie and Mike Benz and Darren Beatty are doing an amazing job talking about the resistance. So there's many different angles of attack. As they should. These people have a different philosophy about the country. They have a different philosophy about the governance of country. Hey, that's fine. It's called democracy. We're ascendant and we're winning and they've abandoned their voting base. That's where they're all up there every day. And you know what the word is now? Oh, we need more populism. We need, well, hang on, how populous are you going to be when you got, you're controlled by a bunch of left wing billionaires and you have the credential class all up in the, you know, all these people that got all these phony college degrees and they got to be, oh, they work at marketing companies, they got to do this. You control the credential class particularly, let's face it, low information, relatively low propensity, Taylor Swift crowd didn't work out for you, did it? Nope, nope. And you have abandoned your voting base because you're just not that into economics and you're certainly not into economics where the working class, the middle class, the people actually put their shoulders to the wheel every day, get a piece of the action. Pretty simple, pretty basic. And oh yes, like ideas like the underpinnings of the Judeo Christian west as far as our values go. And they like the idea of sovereignty and territorial integrity and self determination, the kinds of things you're shipping tens of billions and hundreds of billions of dollars over Ukraine as a globalist to do. They'd like that here in the Rio Grande Valley as long as we deliver. And I think you're seeing President Trump putting a team together that will deliver on both security and border security and making sure that American citizens are taken care of first, not foreigners and certainly not people that have come to the country illegally. And this is why it's not the people's fault either. Those folks, by and large, 99%, it's not their fault. They're invited in. Of course, if you and I were in the same situation, we'd run El Norte. The people, and it's a crime. Were the people that did it, initiated it, conceived it, initiated it, and exacerbated it. That's a crime. That's a crime. And that has to be investigated. And look, just because Pam Bondi doesn't come at you and in your face like a Matt Gaetz, don't think she's not tough enough, and the team around her tough enough, and the team coming out of the White House counsel's office is tough enough to pursue where it needs to be pursued. There's no retribution here, but there has to be accountability. There has to be accountability. Big piece in the New York Times. They say, hey, the legal. Whole thing on Democrats are all based on legal strategy. Put Trump in prison, put the people around him in prison, put Bannon in prison. How'd that work out for you?
Russ Vought
How?
Stephen K. Bannon
Sending me prison. Did that work out? Fine. Nancy had that work out. Good. How good did that work out, trying to put President Trump in prison? How did that work out for you, Navarro? That work out? Well, we won. You lost. Okay. And now you lost. You lost and got blamed for the losing. Got blamed for it. And now you're a pariah on your side of the football. And President Trump comes in here and is trying to, with all this resistance of all these NGOs and outside groups and all this, and the administrative state. And that's what the theory of the executive is. It's to say within the executive branch, we have to get something straight, and we got to get it straight up front. The Constitution's got three. Three jobs the guy called the president is elected to do. He's the chief executive officer of the government. He's commander in chief of the armed forces, the military services report to civilian control who the people elect. And he's the chief magistrate and the chief law enforcement officer of the United States government. They have not wanted to admit to that since Nixon and Watergate, where they basically hoved off the Justice Department to be their own deal because they understood how powerful they had when they had Kennedy, they had Bobby and Jack. They couldn't go back to that. But they're going to do it their own way, take it away from the executive and make it a permanent part, a permanent center, because everything has to come through justice. Make it a permanent center of power. We're breaking that. That is the purpose of this exercise. And yes, Weisman, and all you guys, you can whine and you can cry and throw your toys out of the pram. That is going to happen because we have hammers, right? Whether that hammer is Todd Blanche or Emil Bovee or the administrative guys or Paoletta over at OMB Or Bill McGinley, the White House counsel in hundreds and hundreds of more that are coming in. And understand what the administrative state is, how you've had a fourth branch of government to essentially enslave, destroy and enslave the American people. This is how you did it. And it's being broken up. And President Trump is that blunt force instrument that is leaving blunt force trauma on you. And this we're just the top of the first inning. Heck, I haven't even gotten to the good stuff yet. But these people, they have a different philosophy. They've built an empire and they control that empire. We're kind of the rebel forces or the outlaw forces to do this against the dark star. Hey, and the odds are long still, folks, of whether it can actually be done or not, because they still have their grip on the levers of power and the levers of money. So don't think this thing's far from certain. That's up to everybody. If you want to help out, clearly on the outside, the Warren posse and others, all these great groups have been outside. But if you got a hankering to help out, there's plenty of jobs. And President Trump needs support, going to need support because remember, there's two and a half million employees, civilian employees, bureaucrats, a couple of million in the military, 4 or 5 million contractors at levels of kind of Marinjuro experiment. What consultants do. I added up that there's tens of millions, there's 10 million. Other people say there's tens of million. I think it's about 10 million. But that's a lot of folks controlled by 4,000 political appointees, 3,000 President Trump, hopefully with Sergio Gore and the team down there doing such a great job, as many as a thousand or more hit the beach on the afternoon of the 20th of January. I will continue this in the second hour. We got a lot to do. Philip Patrick's going to join us. Hopefully Bradley Thayer, maybe Matt Schlapper, what's going down in Brazil. Going to get a lot to it. Birchgold.com Philip will be here in the second hour. Make sure you go check out today, particularly the 401ks and IRAs. Everything you do tax deferred or tax free. Also, our good friends down at and this is one of the biggest stories of the day. The biggest story of the day was the was yesterday, I think the board down, education board voting to put Christ. Back in the in the classroom, in public schools. Hello in Texas. Patriot Mobile. Those folks fighting the good fight down there, they believe in your values. Stop giving your money to people that hate you. Go to patriotmobile.com Bannon right now. See what the services they provide for your mobile phone. In fact, I think you get a free mobile phone and get into one of their deals. Short break, 90 second break. Back in a moment. Hour two of the worm.
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Podcast Summary: Bannon`s War Room Episode 4078: Mainstream Meltdown Over MAGA Trump Cabinet; Taking Over The Treasury Release Date: November 23, 2024
In Episode 4078 of Bannon's War Room, host Stephen K. Bannon delves into the tumultuous political landscape surrounding the upcoming Trump administration's cabinet appointments. The episode focuses primarily on the Treasury Department, analyzing potential nominees, their qualifications, and the broader economic strategies that may be employed. Additionally, the discussion extends to fiscal policies, the looming debt ceiling, and geopolitical challenges, particularly concerning Ukraine and China.
Treasury Secretary Nomination: Scott Besant
A significant portion of the episode centers around the potential nomination of Scott Besant as the Treasury Secretary in President Trump's second term. Besant's qualifications are a topic of intense debate among the panelists.
Scott Besant's Defense:
Scott Besant addresses concerns regarding his previous association with George Soros. He argues, “Anyone who's a true baller has either worked for Soros, Julian Robertson, or Michael Milken. That's where we are. So the argument that he was once with Soros is silly.” [00:45]
Unnamed Political Analyst on Janet Yellen:
The discussion begins with an unnamed political analyst critiquing Janet Yellen, the current Treasury Secretary, highlighting her shift from being regarded as "one of America's great public servants" to being characterized as a "political apparatchik." He asserts, “Are you willing to risk the credibility, the liquidity of the US Government to get your president reelected?” [02:09]
Capacity for Stability:
Scott Besant emphasizes the need for a Treasury Secretary who can create stability, questioning the likelihood of Besant supporting Trump’s aggressive tariff plans. “What we need is a Treasury secretary who's going to create stability.” [00:45]
The episode delves into the contentious issue of tariffs, a cornerstone of Trump's economic policy.
Tariff Strategy Ambiguity:
An unnamed political commentator points out the contradictory statements within the Trump camp regarding tariffs: “On the one side they say, look, America used to be funded with tariffs. Alexander Hamilton was a tariff guy. So we're going to get funding from tariffs. On the other hand, they talk about it as a negotiation tool.” [01:35]
Impact of Tariffs:
Stephen Bannon critiques the effectiveness of Trump's tariff policies, stating, “Did this tariff help? No. It pushed us further into a recession or depression. We learned our lesson.” [17:42]
Future of Tariffs Under New Administration:
The panel discusses whether the incoming administration will sustain or modify the current tariff strategies. The uncertainty surrounding Scott Besant's stance on mega tariffs remains a focal point of concern.
A significant segment of the episode is dedicated to the United States' fiscal health, focusing on the debt ceiling and budget deficits.
Russ Vought on Treasury and OMB:
Russ Vought discusses the pivotal role of the Treasury Secretary and the Chair of the Federal Reserve as risk management positions. He questions the administration's willingness to risk government credibility for political gains. “The Treasury Secretary and the Federal Reserve Chair are risk management positions. Are you willing to risk the credibility, the liquidity of the US Government to get your president reelected?” [02:09]
Debt Ceiling Implications:
Stephen Bannon provides an in-depth analysis of the impending debt ceiling crisis:
Cash Flow Management:
“You have to pay the interest. And sometimes you have to these things roll over. You have to pay the short-term notes or roll them over and refinance them.” [18:26]
Budget Deficit Projections:
Bannon outlines a potential $1 to $1.5 trillion deficit, exacerbated by recent fiscal policies: “We've added over $2 trillion just in the last 12 months.” [18:26]
National Debt Concerns:
He projects a potential surge in national debt, citing sources like Citizens Free Press that forecast hitting "$50 trillion at the end of these four years." [18:26]
Strategies to Mitigate Fiscal Challenges:
The discussion touches upon the necessity of crafting a comprehensive budget that addresses the deficit without exacerbating the national debt. Bannon emphasizes the importance of aligning fiscal policies with Trump's economic vision to unlock America's entrepreneurial potential.
The episode is replete with critiques of the Biden administration's handling of economic and fiscal policies.
Janet Yellen's Management:
The panel criticizes Janet Yellen's approach during and post-COVID, highlighting the significant reserves left unutilized: “She did what was extremely prudent during COVID... there was 1.6 trillion in that account because of the COVID crisis.” [02:57]
Administrative Overreach:
There's a strong denunciation of the "administrative state," with Stephen Bannon asserting that entrenched bureaucrats resist reforms: “If you start with Morning Mika, you gotta keep your own Citizens Free Press and Breitbart and Revolver and...” [various timestamps]
Focus on Ukraine and China
Stephen Bannon provides a comprehensive geopolitical analysis, drawing historical parallels and outlining the current challenges.
Ukraine Conflict:
Bannon correlates the ongoing conflict in Ukraine with historical events like World War II and the actions of the Bolsheviks. He emphasizes the strategic significance of Ukraine's "Bloodlands," a region marked by intense historical strife. “What's happening in this Ukraine is as scary as it gets..." [Time Approx. 07:05]
China's Global Strategy:
The discussion shifts to China's ambitions, likening them to Japan's pre-World War II "Co-Prosperity Sphere." Bannon warns against the deepening integration of China's influence under the guise of democratic and free-market rhetoric:
“They have to agree to the four things... Taiwan, a region, it's a province of China...” [Time Approx. 22:00]
Historical Context:
Bannon references the Japanese actions in the 1940s and the Chinese Communist Party's historical atrocities to underscore the dangers of unchecked authoritarianism: “They've killed a couple hundred million of their own people...” [Time Approx. 24:00]
The panel heavily criticizes mainstream media outlets, labeling them as adversarial to Trump's agenda.
Media as the Enemy:
Stephen Bannon declares, “The media is the enemy, right?” [05:50]
He further contends that modern media manipulates public perception and undermines traditional values, necessitating a shift to alternative media platforms favored by the Trump base.
Administrative Overreach:
Bannon and panelists argue that the "deep state" and the "administrative state" are working against Trump's policies, hindering effective governance and institutional reforms.
Stephen Bannon wraps up the episode by painting a picture of the forthcoming challenges and strategic moves for Trump's second term.
Anticipated Conflicts:
Bannon anticipates significant confrontations with entrenched bureaucratic forces and highlights the necessity for swift and decisive action to implement Trump’s agenda: “This country hangs in the balance.” [End Segments]
Call to Action:
He urges supporters to mobilize and contribute to the administration’s efforts, emphasizing the urgency and the limited timeframe to enact meaningful change.
Future Episodes:
Bannon hints at upcoming discussions with experts like Philip Patrick and Bradley Thayer to delve deeper into economic reforms and geopolitical strategies.
Janet Yellen's Political Alignment:
Scott Besant on Tariffs:
Economic Impact of Tariffs:
Debt Ceiling Crisis:
Media as an Adversary:
Geopolitical Warning:
Episode 4078 of Bannon's War Room presents a fervent critique of the current administration's economic and fiscal strategies while laying out a vision for Trump's potential second term. Central to the discussion is the emphasis on appointing a competent Treasury Secretary, navigating the complex landscape of tariffs and fiscal deficits, and addressing significant geopolitical challenges. Stephen K. Bannon underscores the perceived threats from the "administrative state" and mainstream media, advocating for a strategic and unified approach to reclaiming economic stability and global standing. The episode serves as both a critical analysis of existing policies and a rallying call for proactive measures to secure Trump's envisioned agenda.