wavePod

Get Wave AI

Episode 4080: The Moment Of Great Optimism - Bannon`s War Room | Wave AI Podcast Notes

Back to Bannon`s War Room

Episode 4080: The Moment Of Great Optimism

Bannon`s War Room

Mon Nov 25 2024

Episode 4080: The Moment Of Great Optimism ...

Summary

Podcast Summary: Bannon’s War Room – Episode 4080: The Moment Of Great Optimism

Release Date: November 25, 2024
Host: Stephen K. Bannon
Description: WAR ROOM is the first and most comprehensive program providing up-to-the-minute information on daily news. Stephen K. Bannon brings together medical experts, politicians, business leaders, and frontline individuals to offer a comprehensive look at the latest news and insider insights.

1. Treasury Secretary Appointment and Market Reaction

Timestamp: [00:00 - 01:33]

Stephen K. Bannon opens the discussion by addressing the recent appointment of Scott Besson as the Treasury Secretary. Bannon highlights the contrasting reactions to Besson's nomination, noting that while some health choices raised eyebrows, Besson's appointment overall has been met with approval across the political spectrum.

Stephen K. Bannon ([00:26]): "Most felt like, well, that's a conventional choice. ... every banker, every person on Wall Street that we talked to over the past couple of weeks said this guy will calm the market."

Bannon emphasizes that Besson is seen as a stabilizing figure in the financial markets, with Wall Street and major financial institutions optimistic about his ability to manage the Treasury effectively. This positive market sentiment is underscored by declining Treasury yields and a sense of calm across financial sectors.

Stephen K. Bannon ([01:33]): "It's all happening as Treasury yields have come down."

2. Market Optimism and Economic Policies

Timestamp: [01:33 - 19:22]

The conversation shifts to the broader economic policies and their potential impacts. Bannon discusses the implications of tax cuts, expressing concerns about their long-term sustainability and the challenges of funding them without exacerbating the national debt.

Stephen K. Bannon ([00:26 - 00:29]): "Huge decision to make... tax cuts and how you pay for those tax cuts because we learn time and again they don't pay for themselves."

Despite these concerns, Bannon remains optimistic about the economic outlook under the new administration, citing Besson's appointment as a key factor in maintaining market confidence.

3. Presidential Transition Approval Ratings

Timestamp: [16:19 - 19:22]

Harry Enten provides an analysis of President Trump's transition approval ratings, drawing comparisons to the post-election period of November 2016. Enten notes a significant increase in approval, indicating a more favorable public perception of the transition this time around.

Harry Enten ([16:19]): "Looking at where we are today. Significantly higher plus 18 points at 17 points higher on the presidential transition net approval rating."

Enten highlights that where only a slight majority supported Trump during his transition eight years ago, the current transition enjoys a robust approval, signaling heightened public optimism for the upcoming administration.

4. Opportunity for Reform: Tackling the Administrative State

Timestamp: [24:05 - 39:43]

In an in-depth interview with Roger Kimball, a leading public intellectual of the MAGA movement, Bannon delves into the concept of the administrative state and the so-called "deep state." Kimball argues that the administrative state—a vast bureaucracy of unelected officials—has overextended its reach, infringing upon the prerogatives of Congress and undermining democratic principles.

Roger Kimball ([26:12]): "We in this country are increasingly subject to the American version of that... it's every bit as active and reaching into all aspects of our life."

Kimball emphasizes that President Trump's decisive victory presents a unique historical moment to dismantle this administrative overreach. He advocates for a comprehensive strategy to reduce bureaucratic headcount and cut unnecessary expenditures, positioning Trump’s administration as the catalyst for substantial governmental reform.

Roger Kimball ([31:33]): "Donald Trump has just won a decisive victory... we must seize it."

5. Border Security: The Trump Effect 2.0

Timestamp: [44:42 - 51:05]

Jim Cramer provides insights into the current state of border security under the incoming Trump administration. Known as the "Trump Effect 2.0," this phase involves renewed efforts to secure the southern border, with current border crossing numbers significantly lower than historical averages.

Jim Cramer ([48:30]): "We're at the tough Talk part again, 2.0. The numbers are about 1,800 a day, border-wide, 500 in Texas and the rest in California and Arizona."

Bannon discusses the administration's strategies to maintain these low numbers, including diplomatic pressure on Mexico and the implementation of stricter immigration policies. He highlights the outgoing Biden administration's efforts to expedite immigration approvals through the CBP1 app, aiming to create lasting changes that could complicate future border security measures.

Jim Cramer ([51:05]): "They're trying to make it as quickly as possible to make facts on the ground that will be hard to reverse when Trump and his people get into office."

6. Debt and Deficit Concerns

Timestamp: [39:43 - 48:30]

A significant portion of the discussion centers on the burgeoning national debt, which has surged to approximately $36 trillion. Bannon criticizes the Biden administration's fiscal policies, attributing the debt increase to unchecked spending and poor economic management.

Stephen K. Bannon ([36:35]): "We have a federal debt of almost $36 trillion. If we do not get our fiscal house in order, this country will be swallowed up by debt."

Bannon underscores the urgency of addressing the debt crisis, highlighting the impending challenges as the debt ceiling approaches its limit in early January. He advocates for a combination of economic growth strategies and targeted tax cuts aimed at the working and middle classes to mitigate the fiscal turmoil.

7. Conclusion: A Moment of Great Optimism

Timestamp: [48:30 - 51:05]

In the concluding segments, Bannon synthesizes the various discussion points to portray a narrative of optimism and opportunity. He urges listeners to capitalize on the current political climate to push for significant reforms and to remain vigilant against efforts to perpetuate the existing administrative and fiscal challenges.

Stephen K. Bannon ([52:21]): "This is the hinge of history... it's the moment to seize and drive forward the changes we need."

Bannon emphasizes the critical nature of this transitional period, likening it to a pivotal historical moment where decisive actions can lead to lasting positive changes for the nation.

Notable Quotes:

Stephen K. Bannon ([00:26]): "Most felt like, well, that's a conventional choice... every person on Wall Street said this guy will calm the market."
Roger Kimball ([26:12]): "We in this country are increasingly subject to the American version of that... it's every bit as active and reaching into all aspects of our life."
Harry Enten ([16:19]): "Significantly higher plus 18 points at 17 points higher on the presidential transition net approval rating."
Jim Cramer ([48:30]): "We're at the tough Talk part again, 2.0. The numbers are about 1,800 a day, border-wide, 500 in Texas and the rest in California and Arizona."

Final Thoughts:

Episode 4080 of Bannon’s War Room paints a picture of heightened optimism surrounding President Trump's transition into his second term. Central to this optimism are strategic appointments like Scott Besson to the Treasury, market confidence in economic policies, and a robust approval of the presidential transition. The episode underscores the critical opportunity to address and dismantle the administrative state, secure the nation's borders, and rectify the escalating national debt. Through insightful discussions and expert analyses, Bannon positions this moment as a historically significant juncture poised for transformative change.

Loading summary...

Transcript

Stephen K. Bannon (0:00)

And we have seen some extreme, you know, right wing picks and other very conventional ones. His choice for Treasury Secretary, you point out the inconsistency with the debt perhaps, but most felt like, well, that's a conventional, make no mistake, every banker, every person on all street that we talked to over the past couple of weeks said this guy will calm the market. So yeah, so yeah, no, I said what I said only because I'm obsessed.

Harry Enten (0:26)

With deficits and the debt and a.

Stephen K. Bannon (0:29)

Huge decision to make which I know you'll want to talk about, about, you know, tax cuts and what, what, how you pay for those tax cuts because we learn time and again they don't pay for themselves. But now the treasury secretary, Wall street banks, the markets, they're all very happy. Yeah. And will sail through. There's no expectation of any concern there whatsoever. And a number of his picks Friday night were in a blitz. We had like a couple dozen came out in a few hours on Friday. Some of the health choices raised a few eyebrows, but for the most part, conventional picks that were met with some acclaim on both sides of the aisle. I think President Trump deserves the ability with the mandate that he got from the American people to put people in positions who are going to do reform. There's some, some things we can do in Congress, oversight and legislation. But you really need reformers at the head of these different agencies and I think you're seeing that as a common theme. I'm sure we'll talk about more of them. But there really is a lot of reform that needs to happen in the administrative state. And he's talked about it a lot on the campaign trail and like I said, he's delivering on that 56. It's all happening as treasury yield have come down.

Carl Quintanilla (1:33)

That does it for us today.

Stephen K. Bannon (1:34)

Make sure you join us right back here tomorrow. Right now it's time for Squawk on the Street. Good Monday morning. Welcome to Squawk on the Street.

Jim Cramer (1:47)

I'm Carl Queens.

Stephen K. Bannon (1:47)

In here with Jim Cramer, David Faber at post nine of the New York Stock Exchange. Some calling it not the Trump rally, but the Besson rally. Stocks up, yields down on news of Scott Besson being Trump's pick for Treasury. 10 year yield about a 2 week low. The curve briefly inverts on this holiday shortened week. Our roadmap begins with rally mode. Wall street is coming off a winning.

Carl Quintanilla (2:07)

Stephen K. Bannon (2:50)

Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. War Room. Here's your host, Stephen K. Bann. It's Monday, the 25th of November, in the year of our Lord 2024. The Bessen bounce. And we told you for, I don't know, the past year that this would happen. A safe pair of hands, steady pair of hands, but a, a crisis nonetheless. You hear Morning Joe yammer about this, all of a sudden, it's so important to them. Debt and deficit. So important to them. After Biden added, I don't know, $10 trillion of debt. Did you ever hear them say one people about that the entire time? No, you did not. It's only now. Let's get to the signal and avoid the noise. A lot of noise kicked up over the weekend on President Trump in the direction. There are three. You know, we have the resistance and you have this between the administrative state, outside groups, NGOs, billionaires, they're trying to regroup their media. But two weeks into this, three weeks into this, they're shattered to a degree. Don't get me wrong, they're going to regroup and be a major piece. But what the most important thing that's happening for President Trump's transition and the start of his second term, and this is my point, that my mantra of seize the institutions is there's three lines of work right now and where the Biden regime, the illegitimate Biden regime, I might add, is working against the country's interests and working against President Trump's interests. Let's break it down to the three broad lines of work of the fiasco and disaster of the Biden regime. The invasion of the southern border that left, I don't know, 10, 11, 15 million illegal alien invaders. And I've said over and over again, we do not demonize those folks that came across. They were invited here by your government. Your illegitimate regime that stole the 2020 election, invited them here thought it permanently would create not just a voting bloc, but to drive down wages and add to the economy that they couldn't do themselves. So it's the invasion Todd Bensman is going to be on here because we're going to show you exactly what this illegitimate regime of Biden and the administration Deep State are doing right now to make it even a bigger problem. Like it's not big enough. Even a bigger problem than what we have. The second is the wars. World War Three. As you know, we've been the proponent that we're in the early stages of World War 3. Karen Sigmund in the team over at AFA, her alliance have had conferences. I've spoke at these conferences. We've had, I don't know, five or six conferences over the last year and a half talking about the early years of the Third World War. Well, the Biden regime with NATO is doing as much as they possibly can to throw gasoline onto the fire over in Ukraine, Zero Hedge has a tremendous story, aggregates a lot that's going on, including not just the NATO allies saying they want to put troops up there, but Biden stockpiling weapons, Biden giving authority, giving authority for the Ukrainians to fire American long range missiles into Russia. I believe there's technicians. Nobody's answering these questions. There's American technicians over there. The British have just fired the British weapons. I believe there's British technicians over there, fire control experts. But even more shocking and kind of breathtaking is this revelation by the New York Times that American officials with European officials have had. This is the New York Times, baby. Have had discussions about deploying nuclear weapons, tactical nuclear weapons into Ukraine. Nothing could trigger a broader shooting war than to try to do it. That is pure, total insanity. And I'll read you in a little while directly from the New York Times what the statement is. So in the war, they're doing everything to exacerbate this, right? And then you've got the Middle east, you've got the Middle east war. Around Israel, the International Criminal Court has named Bibi and his, I think his war minister, International war criminals, Hungary. Viktor Orban said, hey, welcome here. But if they go anywhere else, they'll be arrested inside of Europe. So certainly the Persians, it looks like they're trying to gear up. Right. Exacerbated by the Biden regime in Ukraine. Definitely incredibly scary. The Chinese Communist Party has put out four red lines that Biden's just kind of rolled over to four red lines, including Taiwan, that Taiwan's a province. America can't defend it. And particularly that America can't be supporting any democracy movement whatsoever. And just to put a cherry on top of that, they arrested, they've sent to prison 45 pro democracy protesters in Hong Kong the other day. The last but not least is the debt and the deficit. In this firestorm that's coming, we still don't know and we still, it's still hard to kind of deconstruct exactly what Janet Yellen and the Federal Reserve have done. This. Remember it was about a year ago this time that you had this extraordinary kind of merger of the Fed and the treasury on essentially turning the financing of our massive debt kind of how Argentina used to do it, how developing nations and third world countries used to do it. And they would just because they had to just do short term financing of 90 day bills, 6 months, 30 days just to kind of kick the can down the road. With the Federal Reserve at the time cutting rates and adding more liquidity to the market, I think the QTS kind of had stopped. Now we're in a situation we've got, we just passed 36 trillion. What did I tell you? The 35 trillion. You passed 35 trillion when I was in Danbury Prison in July, I think the middle of July. Well, what, we're 100 days out, right? Guess what? Added another trillion dollars and now all of a sudden the left sitting there go, oh, this is just the worst thing in the world how you do this. Besant is a calming factor to the markets. Listen, he is a MAGA guy and he's got a MAGA growth scenario. The last chance that we have preached on here, the last chance you're going to have to try to. I didn't say we're going to do it to try to. Well, you can definitely, I think stop the bleeding and try to grow your way out of here to have a growth strategy of economic growth and kind of going back to the animal spirits. A combination of smart tax cuts can't cut everything. Remember, we're pretty opposed. In fact, I would say we're very opposed to any tax cuts to the wealthy or to the billionaires. Kind of the guy, the donor class that got us into this jam with their political puppets. But with the smart tax cuts for working class and middle class people particularly, we're huge advocates of no tax on tips, no tax on overtime, no tax on Social Security and corporate taxes and the tax on the wealthy, you're going to have to figure out how to fill the gap. Right? But the problems are even deeper than that the problems now are this massive, massive debt that's been left to us by Yellen, by the Biden regime. And now all of a sudden, Morning Joe, you know, Morning Joe's a hawk. He's a deficit and debt hawk. They're all hawks now. Well, how come we weren't hawks when we piled all this debt on and all this spending that we have no earthy idea if the spending is going to have any impact or not? Go back, particularly folks have been on this show, been watching this show for a couple of years. Remember in January and February of 2020, 2020, when the pandemic first started, we were an advocate of what President Trump did. You had to step into the breach. Had to step into the breach because you had a massive implosion of what's called in Keynesian economic theory, aggregate demand. Because people were locked in. People were, you know, when the COVID first hit, and nobody really kind of fully understood what it was, you know, the bioweapon from the Chinese Communist Party. Right. Maybe with a little help from Barrick down at the University of North Carolina. And Fauci. With an assist from Fauci and Barrick and others. Funded by US Taxpayers, but weaponized and then let out by the Chinese Communist Party out of Wuhan. Oh, yeah. Oh, yeah. That's exactly what happened. And major parts of the intelligence community and the FBI and others know that. And that all that all come out in the fullness of time, starting after January 20 or 20 January 2025. There was a, there was a need at the time because of imperfect information in the fog of war about you needed an infusion, and President Trump gave that to kind of bridge, as we said, that bridge for aggregate demand was going to get us from one side of the pandemic to the other. With the economy still hitting on, trying to hit all cylinders, as Trump had it in 18 and 19. Okay, that's not what Biden did. And now we're left with a massive fiscal and financial and economic crisis. So let's go back and we've said the CR is on the. We run out of money on the 20th of December, based on Christmas Eve, essentially less than a month from now. I think what they'll do is kick that over. And we're not, as, you know, we fight all these crs, but in this regard, it actually kicks it in to let President Trump and his team cut their, cut their first budget. At the same time, I think it's January 3rd that we hit the debt ceiling. Now, Scott Besant and Russ Vogt, the one, the touchdown twins of this economic program. I'm sure we'll come up with some way to waterfall the cash flow, that we can kick it down a couple of months. But the debt ceiling deal expire, essentially expires on the 2nd of January 3rd, January. And then you have the revision of the, of the reversal of the tax cuts. All three of those hit. And we've said for months and months and months that's going to be an economic firestorm. Gave a speech at Pinehurst a year ago talking about the convergence of that financial crisis coupled with the mass deportations. Okay, Roger Kimball's going to join us. He's got a great piece up and I think American Greatness. We've got Chris Buskirk's American Greatness. We've got Todd Benzman with breaking news on the border. We're going to break down all of this and what President Trump and the transition team, what they are doing as a workaround. Remember, there's one central item of this transition. There's been no signed deal to actually formally engage with the Biden regime in a transition. There's pretty good reasons for that. President Trump, you know, was not born yesterday and he's not going to allow the deep state and the administrative state to do to him in 20, 24 and 25 what they did to him in 16 and 17. Short commercial break. You're in the war room. Be back in just a moment. Big victory on the 5th of November. Now the work can finally start on the big issues facing the country. One of the biggest is the national debt and the deficits that drive it. Hey, you think the country's broke? The country is broke. We're just printing money to keep this house of cards going. The strategy remains the same for you. You got to diversify, diversify your savings. That's why buy gold from Birchgold. So many things are out of your control, out of the president's control. It's important to have a safe haven for your savings. Birch Gold group, my gold company, will help you convert an IRA or 401k into an IRA into physical gold. Let me repeat that. Convert your IRA or 401k into an IRA in physical gold. And the best news, it doesn't cost you a penny. Text banner to 989-898, get your free info kit. Plus right now through Black Friday, you receive a free 1 ounce Silver Eagle for every $5,000 you purchase. Let me repeat that. A free 1 ounce Silver Eagle for every five thousand dollars purchased. Protect your savings with Birch Gold. Text Bannon to 989-898 and claim your eligibility for your free silver.

Stephen K. Bannon (19:40)

That's Harry Ent. And I told you, Harry Enten, I think is given the corporate media and the mainstream media, he's about as straight a guy as you can get. And giving you fact, Kornaki is not bad either. I mean, come on, for the places they work, they're not too shabby. Harry Anton right there laying it out. And war room posse cadre. This is when you double and triple down, you then drive, drive, drive. They're exhausted, they're broken. Unlike us and you who are such heroes and President Trump in January 2021. And I understand you gotta look in your own soul. Three quarters of people threw in the towel, but 25%, a third of MAGA said no, we're gonna double down. That is the hinge of history. It's exactly those moments when great change can happen right now and hey, don't take a victory, but at least temporarily, we've shattered them. They're going to regroup. But that's why now's the time to drive it, drive it, drive it. We'll never get this opportunity again. This is why it ought to be all gas, no break. And what the Republican, you know, rearguard opposition of McConnell's doing, he's trying to put these brakes on. Oh, we need some more conventional choices. No you need full on, you have a unique opportunity to take on the administrative state and to break it apart. This radical fourth branch of government that was never envisioned by the revolutionary generation or the founders and framers of the Constitution. And really the people that laid the 235, 40 years ago, laid the foundation for this great nation. We've got a lot to get to. Bensman's going to join me. We're going to move Benzman up because so important, remember, three lines of work are what they're trying to do. They're trying to still exacerbate and leave more chaotic the southern border situation. Try to get as many people in here and try to make it as difficult as possible to do the mass deportations. Second on the war beyond out of control and dangerous. Talking about New York Times reporting, not Breitbart, not Gateway pundit, not Revolver, not those groups, not Citizen Free press, not the, not the folks on our side of the football, but the revered paper of record, the New York Times reporting that American and European officials have had discussions with officials in Ukraine about the deployment of nuclear weapons, tactical nuclear weapons inside of Ukraine, and also stockpiling American conventional weapons to kind of hamstring Trump's ability to negotiate a peace that he would think would be a smart peace deal. And last but not least, the debt, the financial crisis, all of that that is above Scott Besson. Very well received by global markets. As we said over and over and over again, it's not going to be really choppy going forward. It is. But at least initially, they review Besson as a guy that understands global capital markets. As you know, since his very first media hit was on this show back in or serious media hit was on this show back in January or February of this year when he got to introduce himself to MAGA. Birchgold.com Banner make sure you go check it out now. End of the Dollar empire, eight free installments. And Rachel Maddow and your producers know we're not trying to destroy the dollar, we're trying to save it. There's a lot of debate and discussions about whether we want it to be the prime reserve currency. That should be part of a national debate. I think we're going to have that in the next couple of years. But it's about what the elites have done with a fiat currency to kind of destroy the purchasing power of the dollar. And that's one of the reasons in back of the rise of gold. Right. But Philip, Patrick and the team can give you the details of that. We kind of give you the macro, particularly the BRICS nation is trying to come up with an alternative. Birchgold.com Bannon go check it out. They all free. Roger Kimball Amazing piece, Roger. Roger is, I think, I would say, the leading public intellectual of the MAGA movement. Roger, head of Encounter Books, a true Renaissance man. Talk to me about the administrative state. This piece, why did you write it now, sir?

Stephen K. Bannon (27:46)

Hey Roger, hang on one second. I want to get to more of this, the conspiracy theory part of it all. Roger Kimball from Encounter Books and American Greatness on the Trump's unique opportunity to take on and dismiss mantle the administrative and deep state. Todd Benzman about the exacerbation of the invasion of our country on the southern border by the illegitimate Biden regime. And we will discuss the deployment of tactical nuclear weapons into Ukraine as reported in the paper of record of our beloved Republic. The New York Times All Next when the doctors at Brick House Nutrition announce a Black Friday Sale, it's a big event. Now is the time to save a bundle while you reboot and optimize your health. This is the biggest sale of the year on everything. That includes Field of Greens, the life changing superfruit and vegetable drink that promises your doctor will notice your improved health or your money back. The Black Friday sale also includes Lean, the physician formulated weight loss phenomenon that helps turn and burn excess fat into energy, even Radiance, the Collagen accelerator with four times more health and anti aging power than that influencer Collagen. Yay. That's on sale too. From weight loss to sleep aids, from creatine to whole food bars, they're all on Sale. Visit fieldofgreens.com and use code SALE. That's promo code SALE@Fieldagreens.com and do not forget that's promo code SALE@FieldaGreens.com here's your host, Stephen K. Bann, Glenn Story and the team keeping Texas Red in their political action committee but the company itself. Patriot Mobile. Remember, stop giving your money to people that hate you. Just because we won on the 5th doesn't mean there's not a vast interlinking corporate Wall street tech companies that literally hate you and hate you because you believe in and promote and push the values of the Judeo Christian West. So in Patriot Mobile is Upfront, a Christian company that supports the values of the Judeo Christian West. They actually give X percent of their profits to various organizations. You can check it all out just go to patriotmobile.com Bannon you get free 30 day service. If you shift over they can get you some phones. All of it and great quality because they're layered on top of the existing wire carriers, wireless carriers. So go check it out. Today, Glenn Story and the team, patriot mobile.com. so, look, Roger, what you named is interesting, but that's just bureaucrats. That's just, you know, you got to get. And I'm sorry that. I'm sorry to build. You hang on. I'm sorry to build your new mansion down on the, on the beach in New Jersey or wherever that you got it. You gotta get a couple permits or. Roger, they make you to get another, you know, photo. But hang on. So. And this is the, and this is the point. They point a finger to the Roger Kimball's of the world and the Steve Bannon's world and said, you guys went to all these highfalutin schools. You're all Ivy League guys. You know that there's no administrative state. But you're feeding, you're feeding the hard right of the Trump movement with all these fantasies that there's some administrative state and then there's a rogue element, the deep state, which is the intelligence, military and law enforcement aspect of it. So once again, I'm gonna ask you, why do you say in your piece that this is a unique moment in time for President Trump and the people around him to actually deconstruct the administrative state and take down the deep state? Sir.

Carl Quintanilla (31:33)

Right. Okay, so you've asked two questions here. Why is this a unique moment? I'll get to that in just a second. But the first question is, isn't this just bureaucracy? Isn't this just government? Aren't we just witnessing the operation of a standard, huge administration? It's a complicated country, after all. And my answer is no, and for two reasons. One, people like to use the phrase conspiracy theory as if that somehow negates the legitimacy of what's being described. But some conspiracy theories are correct. So when Calpurnia told Julius Caesar that there were conspiracy theories about his being assassinated in 44 BC on the idea of March, he scoffed at it. But it turns out that was a true conspiracy theory. But that's one point that. Do not let people delegitimate what you're saying by the epithet conspiracy theory, because sometimes conspiracies are real. The second point is this, what we have seen. Is the administrative state real? Yes. Is the deep state real? Yes. For the same reason that the Stalinist and the Leninist deep state was real. Lenin said that communism means keeping track of everything. And that is what the administrative state is trying to do. We've erected this gigantic surveillance regulatory apparatus. And just as a subject of The Soviet Union would have been subjugated to that administrative state. So we in this country are increasingly subject to the American version of that. It's not as brutal yet. I hope it never will be, but it is every bit as active and reaching into all aspects of our life. So when people say, well, is there this thing called the administrative state? No, but what it is, is you can see with your own eyes the way in which we have gradually and then rapidly moved away from the vision of the founders, where we have three branches of government and only three, not four. They didn't have a provision for this vast cadre of, again, unelected and unaccountable bureaucrats. That is one of the keys here. They're not elected by anyone. You can't get rid of them, except with grave difficulty, and they run our lives. So the reality of this deep state, this administrative state, I think is. I mean, who are you going to believe, you know, me or your lying eyes as I think it was Groucho Marx said. But to the second point, why is this an historic moment? Because Donald Trump has just won a decisive victory, and he's won not just the electoral votes, not just the popular vote. He has won the Zeitgeist. You just were playing a segment from cnn, of all places, noting the Trump effect, that somehow everybody seems to be a little more positive about this transition. And the opportunity that has been given to us is very, very rare. And I really hope that Elon Musk and Vivek Ramaswamy, with their Department of Governmental Efficiency, are able to do what they outlined in their piece in the Wall Street Journal a few days ago, in which I summarized in my piece in American Greatness yesterday, which is to attack the regulatory apparatus, to lower the headcount of the number of bureaucrats, and finally to effect important cost savings for the American people. I think it can be done. And by the way, they mentioned things like the Corporation for Public Broadcasting and Planned Parenthood, you know, a few billion dollars of expenditures. But one they didn't mention that I'd like to mention is the National Endowment for Democracy, which gets, I think, about $320 million from the. From the government. It's a private entity. It's a private entity that Congress funds. On their board are people like Victoria Nuland and Ann Appelbaum. This is. These people are out there, you know, promoting war in Ukraine and elsewhere. It's a very bad agency.

Stephen K. Bannon (39:43)

There you are, Roger. Thank you so much. Great piece. We're going to make sure it gets everywhere. Grayson Mo are going to push this out hard today. Thank you, brother. Appreciate you. Let's talk about the convergence which Roger was talking about, that you've got the Doge. You got the Doge cadre of Elon Musk and Vivek Ramaswamy and a team they're putting together. And that team has put a landing team in the imperial capital of what you're going through. Remember the Wall Street Journal article. And you can get it all. Roger breaks it all down for you. Number one, start to take apart the regulatory apparatus. Obviously you need certain regulations. Nobody's saying you don't need that. But to take apart the regulatory apparatus, that is choking entrepreneurism. Number two, go to headcount. And that headcount I might add, because we've done the math. You got two and a half million federal employees, about two and a half million military. Of the 18 million contractors, about four or five million I believe are in kind of managerial functions. I just rounded kind of rounding there. But roughly then you have, if you add that together, you get about 10 million people that folks that are running this six and a half trillion dollar apparatus. You got to reduce the headcount and the billets and you need cost savings. Dramatic. It's not just waste, fraud and abuse. Let's put that, yeah, there's certainly waste, there's certainly some fraud, no doubt about it. There's certainly abuse, inefficiencies, all that. But this is programmatic and that is the second part of the puzzle. Remember, Doge, at the end of the day, when you look at their agreement is nothing more than an advisory and consulting group. Two, wait for it. Russ Vote in omb. This is why Russ Vote is so important. Russ Vote is now announced as the director of omb and that's been, I think, embraced, except for the madness that they're throwing at him as being a Christian nationalist in 2025 and all that. But Russ's OMB will be the driving force with DOGE kind of on a flank, helping them, assisting them, highlighting as these guys can really get to the media. The other aspect of that you also have is the legislative branch because remember, we go through a process. We fought back with the McCarthy situation in January and February of 2023 to get the appropriations process to be 12 individual bills are all going through that appropriations process now with subcommittees. I think Joni Ernst in the Senate MTG in the House will also be, I think, an oversight working with appropriations. When you merge all of that together, you have for the first time, after decades and decades and decades of talk about about taking down the leviathan of too big a government to get back to limited government, you actually have the forces arrayed for battle, right from tech entrepreneurs, people that are brilliant about cutting costs, all the way to Russ Vogt and the team over at OMB to now Capitol Hill awakened to the fact that why did we appropriate this just to cut it later? Maybe we get into the appropriations process and cut it out at the beginning. This is the beginning of action, action, action and using your agency Short Commercial break Warpath Coffee. You know, when you go over to the Birch Gold site, get a big pot of Warpath going, Mariners Blend. You know, I hate to say it, I like my old packaging better than the new packaging is cool. I love my original package packaging for the Dark roast. Warpath Coffee Go check it out. 50005 star review short break Benzman at the Border next. You ever think how can I work this hard and still be in debt? The piles of overdue bills, the threatening phone calls and never having money to do anything. It's just won't stop. You're trapped in debt. Done With Debt is the way out. They've developed aggressive new strategies to end your debt permanently. Done With Debt stands between you and harassing bill collectors. They tirelessly negotiate with your creditors to lower or even forgive what you owe. And they do it all without bankruptcy or new additional loans. As one client raved, quote our phone call saved us a fortune. I wish we did this long ago. End quote. Bottom line Done With Debt has unique strategies to get you out of debt faster and put more money in your pocket every month. But you need to hurry because some debt solutions are time sensitive and you don't want to miss out. Visit donewithdebt.com talk with one of their debt relief strategists for free. Let me repeat that. Go to donewithdebt.com and talk to one of their debt relief strategists for free. You have nothing to lose except your debt. Go to donewithdebt.com that is donewithdebt.com do it today. Action. Action action.

Stephen K. Bannon (45:29)

Think about this. Please never forget, I know this audience won't but for, for those maybe new viewers and new listeners, the Nikki Haley and Ron DeSantis and the Mike Pompeo and all the Mitch McConnell and particularly Paul Ryan. In fact, if my team can we cut some of the Paul Ryan vitriol, Trump can't win. Trent, where are they now? Where are they now? They're all skipping around and loving what Trump's doing. They love the wins. They don't want to work for the wins. In fact they want to work against it. And then what they want to do now is thwart the full on assault on the administrative and deep state. This is what the Gates appointment was the attorney General and Pam Bondi, she's a tough hombre, right? She'll be fine. She has a great team around her. She's not Gates. But then Gates is pretty unique. This is why they stopped him. This convergence to get on with it has to be more than to deregulate. Look, what the Doge guys are laying out is absolutely solid. We've argued for this for years and now they bring the throw weight to actually get it done. You combine that with Russ Vote, you combine that with some savvy, tough people, particularly people that understand the appropriations process. In media like mtg, that's a powerful combo. That's a team and this has to be a team sport. It's not going to be any one individual because the administrative state is too vast. So it's looking good. But that's why in the moment of history, agency, agency, agency, attack, attack, attack. Be on offense. Right now. When you have them shattered and you have them in the fetal position sucking their thumb looking for a pacifier, this is when you roll hard. This is the reason we won. We're harder than they are. There are a lot of people. I respect their fight on the other side, I totally disagree with the ideology, but I respect their fight. But there's not. Their bench is not that deep when it comes to fighters. They're quitters. You see them about running and leaving the country, right? That's why now we turned out to be harder. We never after they came after this with total state power. People did not collapse. People did not run away. Traditional Republicans ran away. The established order ran away. You know this. Look at your friends. Look at people in the conservative media space. See where they were a couple of years ago. Why? They're not hard enough. They're not tough enough. We went through this kind of Darwinian process and guess what? This audience won because you're hard. You're tough, you're focused, you're relentless. You've got that good old American grit and cussedness that made this country the most powerful nation in the history of the earth. Todd Benzman, there are forces out there aligned against us that are trying to destroy this country and still trying to do it. And they've targeted working class African Americans and working class Hispanic citizens as their target to destroy because they are not giving up on the invasion of this country. As you report. Can you get us up to date, sir?