Cleo Pascal (4:13)

War on the US So if you take a look at what's in the publications in the. In China Daily or Global Times from at least 2019, they talk about a people's war that is Chinese Communist Party language for being at war. And those are official publications. Those are. You don't write that by accident. And I think one of the things.

Steve Bannon (4:32)

What do you mean official? There is one's a tabloid, the other's a newspaper. What do you mean official publications?

Cleo Pascal (4:37)

You don't publish something like that in China Daily or Global Times and keep your job or your head if the administration, if the regime doesn't like it. And the term people's war killed, they're.

Steve Bannon (4:48)

Like Pravda used to be with the Soviet Union.

Cleo Pascal (4:50)

Yeah. And I think what would be helpful is taking a look at the word war. Right. Their version of war is very different than our version of war. It's much more comprehensive. And we have had, I mean you in the US So part of George Washington's farewell address was the description of the US As a detached and distant land, which gave room to the isolationists to say, we have an option to be isolated from the rest of the world. It's our decision whether or not to get engaged in these foreign conflicts or not. And you have. You can. Otherwise, you've got compliant Canada on one side and Mexico that can be beaten down on the other. But you are effectively a strategic island. What the Chinese Communist Party has very specifically set out to do is erase the distance between the Chinese Communist Party ability to reach into the US and that island. So what you see in terms of warfare, and Colonel Newsham has written about this extensively in his book, are things like chemical warfare with the use of fentanyl. It's a race distance. They're hitting the US Now Colonel Lusham will talk about it. More economic warfare, the way that it's used the wto, bribery, coercion, to get into the US Economy and destroy it from the inside. Biological warfare, where they blocked internal flights from Wuhan but pushed external flights, including into the US Specifically pushed for a very long time to keep exporting people who they knew, a percentage of whom would likely be able to carry disease into the US So if you look across a whole range of the spectrum of warfare, you'll see that the attacks happening within the US and this isn't. Don't forget cyber, obviously, the fifth columnists, in terms of people who are taking money from the Chinese, they've declared war, but they're also waging a war through erasing that distance that buffered the US for centuries. So now it's a rearguard action on the part of the US this is what you talk about often on the War Room. The fight isn't necessarily just Taiwan. The fight is cleaning up what's here. Now, who's walking across the border here? The other day we talked about Chinese arriving in the United States in the Commonwealth of Northern Marianas without a V visa, illegally taking boats to Guam and wandering around the military bases. Look at the land purchases in strategic locations. So this is across the board. It would be very hard to make an economic justification for the activities that the Chinese Communist Party is doing in the United States if it wasn't part of a strategic plan to erode the United States from the inside. A sort of entropic warfare, right, where you degrade it and weaken it to get to the point where you'll hear the term win without fighting. But the actual translation is get the other side to submit without fighting. And submission is a permanent state. Winning is one off. You beat the Japanese, you sign a piece of paper, you help Japan rebuild. You get the other side to submit, that is permanent. You are in a permanent state of submission. That's a very different definition of winning. So I would argue that we may, the west may not think it's at war with China. The Chinese Communist Party organs have said they are.

Steve Bannon (8:11)

You are Marine Corps colonel, right?

Colonel Grant Newsham (8:13)

Yes, that's right.

Steve Bannon (8:16)

You can't get too close to that thing. You at one time were the oldest colonel in the Marine Corps, were you not?

Colonel Grant Newsham (8:22)

I was pretty close to it, if not the oldest one.

Steve Bannon (8:24)

Your, your book is provocative. Even when I first got just by the title When China Attacks. You don't say if China's going to attack, why they're going to attack, you say when they're going to attack. And the book is so frightening to people because you go through very specific details of when they attack. Now that is the, the center of the gravity of the book is more the kinetic part. You lead up to it. But when you say when China attacks on that Colonel Grant Newsham spectrum, where are we right now? Are they already in attack mode? But it just are through non kinetic means?

Colonel Grant Newsham (9:00)

Oh, definitely. And I would say the kinetic part, the shooting, if it comes, that will actually be an afterthought. They've been at it for at least 30 years against us. And as mentioned, the attack is economic. It's on the chemical front, psychological front, even where you've gotten America's elites to think that China's not a threat, that we just have to treat them nicely and they'll become like a giant Canada. And the chemical warfare against us, which we've talked about before has just been astonishing and how much harm it has caused us. The economic, economic front that we've mentioned. If you just want to see what that's like, go up to place like Baltimore, go to somewhere like Sparrow's Point where there used to be a steel mill, there used to be neighborhoods there with hard working people. It's all gone. And that is not just coincidence. It's not just the economic forces at work, but rather these were conscious decisions made by Americans who were targeted by the Chinese communists to.

Steve Bannon (10:03)

I want to go back to the history of this in that maybe we through your guys history, if memory serves me correctly, our involvement in the shooting part of World War II, the kinetic part, happened on December 7th of 1941. But the war had been actually going on for six years, the kinetic part, you had had the Imperial Japanese invaded Manchuria, kind of kicked things off. You had the Spanish Civil War, you had Munich, you had everything to do with Czechoslovakia and Australia. Then you had the invasion of the deal first with the Russians, you had the Blitz, you had the fall of France, one thing after another. Then Poland 39. Then finally the Russian Wehrmacht invades. And then 1940 in June and 1941. So six years of not just a lead up and a buildup, but actually people dying on battlefields all throughout the world. And then in that fight, the Russian people and the Chinese people were actually allies. We had Chiang Kai Shek, had the Communists over there, but Lao Beijing and the Russian peasants or serfs took the brunt of the kinetic part of that war against Imperial Japan. In the Wehrmacht, I don't know, 35 million dead in China, 65 million dead in Russia. And I realized a lot of the Chinese were fighting each other and not fighting the Japanese, but at the end of the day with what's still. Well, and these guys, they were allies. How did we end up in a place at the end of that conflict that the Chinese people who, you know, Sunday had Senate come over here, raised a ton of money. I remember the Catholics, even as a kid, you're sending money for the orphans in China. How do we get into a situation that the Chinese at the end of World War II, being our ally, ended up in the communist hands and we end up 80 years later that we've built actually a monster that could devour us. Let's start with Cleo and then we can go to Newsham.

Cleo Pascal (12:04)

There was a period where certain people. I'm going to jump to the middle period, to the Nixon Kissinger period.

Steve Bannon (12:12)

You don't want to talk about us giving the country over in 49 because didn't we give the country. Look, McCarthy and these guys were right about something. I mean, people talk about the rise of McCarthy and McCarthy, they lose the fact McCarthy. What galvanized the elites in our country in the late 40s was who was responsible for the fall of China. People today think, well, the Chinese thing's going to come. I said, no. Since the beginning of the post war era, Russia was bad enough with the atomic bomb, the hydrogen bomb, but at first it triggered all the anti Communist witch hunts, which I think were justified because there were Communists all over, was China was an ally. And then the next time you look around in Mao Tse Tung and these communists are controlling it and we're out right after all that sacrifice. So Wasn't that. The elites in our country have always kind of been in bed with these guys.

Cleo Pascal (13:00)

There were efforts. So after the war, when the US Was still in control of a lot of the Pacific, including Saipan, the CIA ran an operation on Saipan through the Naval Technical Training Unit, where they were training Taiwanese to parachute into China. Right. It did not end well for those.

Steve Bannon (13:22)

For the Taiwanese, the trainees.

Cleo Pascal (13:24)

That's right. So. So there were parts, the parts of the structure that were. That were. Saw what was coming and were concerned about it and were trying to do something about it.

Steve Bannon (13:34)

Well, brother, John Birch was one of these guys, Right. Wasn't he a train when he. A CIA guy that ended up. Ended up killed right. By the Communists On a railroad track, what, up in Manchuria or somewhere near there.

Cleo Pascal (13:47)

That I just.

Steve Bannon (13:47)

Not that he's a colonel mine, but he is a hero mine.

Cleo Pascal (13:51)

Yeah. So the point is that there were elements saying there's always patriots and realize.

Steve Bannon (13:58)

What we're going to do. But my point is the official app. In 1949, General Marshall goes over there, hangs out for a week in the mountains, and next thing you know, the Chinese. We turned it over to the Chinese Communist Party, did we not? And I'm not trying to be a revisionist historian, but these people got to look at us and say, hey, these guys gave us up once.

Cleo Pascal (14:18)

Yes.

Steve Bannon (14:19)

Yeah.

Cleo Pascal (14:20)

And go ahead.

Colonel Grant Newsham (14:21)

What you also had at that time, it's very impressive, actually, the Chinese Communist subversion of the Nationalist government. Now, they had been working on that for decades. And you found within the Chinese military, you had guys who were basically generals who were Chinese agents, Communist agents. And when the time came, they just moved to the other side. But also working on the US Side, within the US Government, you had people who referred to the Communists as just agrarian reformers. These were honest people who said that Chiang Kai Shek was corrupt.

Steve Bannon (14:54)

Right.

Colonel Grant Newsham (14:54)

And you should.

Steve Bannon (14:55)

Well, Chiang Kai Shek was corrupt. He reads still. Hang on for one second. We're gonna take. We're gonna take a short commercial break. Here's what we're gonna do. Short commercial break, the entire hour, we're gonna talk about the Chinese Communist Party, and I'm gonna press my two guests. Are we actually at war? Is this more fever swamp fantasy from the far right? Because we've always wanted to get it on with the Communists, right? We're kind of. We're sad that the Soviet Union collapsed, so we got to pick on more Communists. So we're going to pick on the poor Chinese Communist Party. Short commercial break. Burchgold.com For 5,000 years, a man's recorded history, maybe longer. Gold has been a hedge against times of financial turbulence. I know it's run up a lot over the last couple of years, but that's not the point. It's a hedge for turbulence. Short commercial break birchgold.com Go check it out today. End of the dollar empire, the new installment modern monetary theory. The idea that broke the world will be out in about a week. Short break. Back in 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 $5,000 purchase. Protect your savings with Birch Gold. Text Bannon to 989-898 and claim your eligibility for your free silver today. What's vexed business leaders on both sides of the Atlantic, political leaders on both sides of the Atlantic, thought leaders on both sides of the Atlantic. Who is going to have his ear the most, the creators or the destroyers? Tell us about it.

Jim Vanderhey (17:30)

Joe, I think you understand Trump's mind as well as anyone. I think their intention right now. There is the creators are the folks you're seeing named the economic jobs, the energy jobs, the AI jobs where they feel like they can juice economic growth, try to keep jobless rates low and then keep the stock market soaring. If he does that, he feels like he'll have a very successful presidency. He'd be popular and he'd get sort of what he wants out of the White House. But at the same time, all the people you talked about earlier, all these people who are up for cabinet jobs that are controversial, they would fall into that destroyer category. And those are people that are brought in specifically because of their loyalty, partly to do retribution, partly to gut the very agency that they're being put in charge of. And I think that's the reason you have such jarring moments with Trump. I think you're going to see these wild swings between the two of them, you know, tying all of your stories together today. Go think about that. Drones in the sky, right? Like just right now, you have a ton of people sitting on X who think that it's UFOs or think that it's the Iranians are ready to wage war on America. You've got others paying no attention to it. You have the president elect saying maybe we should just shoot them down. Then you talk about Hegset, that Defense Secretary worrying about a woke military or worrying about trans in the military, really the biggest topic. And you have smarter people on the set today than me on this that the military needs to worry about. That the next defense secretary has to worry about is drones. Or it's related to drones. It's how do you move as quickly as possible to a type of warfare that's waged in space with satellites, with drones, with new technologies less dependent on boots on the ground, much more dependent on getting the best and the brightest into government to figure out how do we take this advantage that we have over China, meaning we created AI. We have a big lead over them on chips and a lot of the thinking that goes into AI. How do we take that and make sure that our military is even more dominant in the next generation? So when you get bogged down in these small ball little things, you lose sight of the big picture where we do have an enormous advantage going in.

Steve Bannon (19:49)

Okay, that's Jim Vanderhey. The lead story over at Axios today is called Creators vs Destroyers. And it talks about the two types of basic folks in the Trump cabinet from a policy perspective. Leads with Scott Besant and the economic team and Governor Doug Burgum on energy economics, who's in the White House on the economic side. And it talks about the destroyers, those people. And I think with Jim, the one thing, if I might add, he doesn't quite delineate this very important. It's like they're in conflict with each other. They're not in conflict with each other. Remember, in a capitalist system, you had what's called creative destruction. Creative destruction is just part of the process. It's a part of capitalism and capitalistic societies rejuvenating themselves. I've talked a lot about Somewhat of Thomas Kuhn, who wrote this book called the Structure of Scientific Revolutions. Back I think it was in the 70s. It became a very big. Because it laid out the concept or the construct of scientific revolutions and paradigms and paradigm shifts. What you have to do, what happens in the lead up of information and knowledge, in the buildup to actually have an old paradigm like the earth is the center of the universe to a new paradigm that the sun is the center of the solar system. And so you're seeing a paradigm shift as we speak. This is why the rise of populist nationalism. This is a whole different nomenclature than the Republican Party. You saw the surrender flag go up by Mitt Romney. What shocks me about Mitt Romney is, yo, dude, you were the presidential nominee in 2012. These things were already happening. Mitt supposed to be such a smart guy. The financial collapse of 2008 triggered it. Every financial collapse in human history has been followed by a populist revolt. Why? In the financial collapse, it's always the little guy that gets crushed the most. Particularly on a relative basis. They get crushed the most. Yes, the wealthy get hurt. Sometimes the wealthy go bankrupt, they end up penniless. But the little guy gets crushed in financial collapses. And at some period of time, right, the forces come together and people come and leaders arise and say, hey, guess what? Maybe the little guy ought to get a piece of the action. Maybe the little guy to be taken care of. It's a natural reaction. Of course, Mitt Romney and all his brilliance in private equity kind of missed that because you had the financial collapse, then you had the Tea Party movement. Mitt Romney in 12 went out of his way to dissed the Tea Party movement and wouldn't have anything to do with them. I was there. We reached out and tried to. People tried to sit down with Mitt Romney's team. He wouldn't even have a meeting with the Tea Party movement. Why? Oh, because Mitt Romney could smell the Walmart on him just like Peter Stork. They were the deplorables. Mitt Romney's too good for that, right? He's the guy on top of the wedding cake. So right? There he goes. Well, it's a working class party. Yo, dude, this has been 10 years in the making. 12 years in making, 14 years in making. It just shows you the people on Capitol Hill and in politics, these big donors. Mitt Romney raised, I don't know, a billion dollars in 2012 from all the rich billionaires, Paul Singer and that entire crowd. This is how clueless they are. And right now they're dangerous because they're just as clueless. But as we head into this kind of what I saw, this convergence of the Third World War, right. The invasion on the southern border and how you deal with the deportations and the centerpiece, which is, which is this financial firestorm we're about to go into zero hedge again this morning has another incredible story called Falling off a Cliff. It's about the employment numbers about as we talked about here for over a couple of years, about the real numbers coming out of Bureau of Labor Statistics and now how they reset months after the first number comes out. Did you actually see the lack of jobs if you back out jobs from federal spending, either government jobs or what I call government adjacent jobs like come up in health care because of spending that's taking place in healthcare. And these come up, that's not real creative productivity. These are not jobs like manufacturing things, distributing things even in the service economy. Right. These are not coming up whole cloth from a productive economy. That's what the economy. And Dave Brat and Dave's going to try to join me at 6 o'clock tonight, continues to talk about the lack of productivity. So in the creators and the and the destroyers, Jim Vanderhey, the what you call the destroyers part of it are really the people going in for the deconstruction administrative state, the producers, the creators. Jim. So Jim, get your number two pencil out and write this down. We're going to take actions and make you a little more sophisticated. The creators are the people on the more of the economic side. One of the things they have to get over and all the creativity in getting our growth rate up to, I don't know, three, three and a half, four percent. Scott Besson said his target is three, hopefully may even be a little higher in real economic productivity, not government infused from massive government spending. One of the things we have to do is this is what Doge about. You have to cut federal spending, you have to cut these deficits. As we sit here today, what I said in the speech last night, if you sit here today and look 400 days into the future, which is nothing, it's essentially what happened from the time this dinner went on last year where Gavin Wax actually talked to the president, I was at the table and said, hey, come to Bronx, come to South Bronx and we can get 10, 15, 20,000 people there that are your supporters and people that are just coming to this movement, new people, right? And Gavin Waxer is right. So that went by in a snap. 400 days is nothing. It's essentially the first anniversary of President Trump's second term. The face amount of the national debt would be $40 trillion. The interest payments are going to be at 1.2 to $1.5 trillion. Not only is it not sustainable, it's the beginning of a death struggle in the United States. This is the existential threat. As bad as the CCP is, as bad as the issues with artificial intelligence, as bad as the invasion on the southern border. And let me go back a second to the three things that are converging with the Third World War in Ukraine, in the Middle east, and let's say shortly in the South China Sea. President Trump, President Trump with his command presence, his knowledge, his ability to both bring people together and bang heads. We had peace in the Ukraine before. When President Trump was here, we had peace in the Middle east and the Persians backed off. When President Trump was here, we had peace with the Chinese Communist Party. President Trump has a plan of getting all three of this. Now, look, it's all going to be gnarly, right? There's a million Ukrainians dead, 700,000 Russians dead. The country has been destroyed. Right now they all want to surrender. The Europeans sitting there going, we can't put any more money. And President Trump has a huge task in Ukraine, in that part of the world, but he can do it in the Middle east with Syria collapsing, all they want, they want American troops, they want some sort of American involvement. Just like they're talking about Ukraine, they keep talking about security guarantees. Security guarantee. When you read that in the paper, that is for American troops and American money. And we're not going to give any security, we should not give any security guarantees to Ukraine. That's a European deal. In the Middle east, same thing. Syria, they want American troops, American involvement, all of it. South China Sea, the Chinese already started to press in the Straits of Taiwan with much more military activity than they've ever had. But President Trump, those are all definable. And with President Trump, given his track record, cannot just handle that. But we'll get something done. The same with the southern border. Are the mass deportations going to start in the afternoon of the 20th of January? Hey, probably not the mass deportations because you're not there yet, but certainly the mass deportations of criminals. Tom Homan and Tom Homan and Stephen Miller are working on that. Tom Homan is now the czar of that. Tom Homan met with Eric Adams. I'll play a clip in a second. Eric Adams gave a press conference on Friday. The sanctuary city's mayor and said, hey, there are 500,000 kids that are supposed to be here in custody in the US we don't even know where they are. He sounded like Q. Anon I think we met Q. It's Eric Adams, the mayor of New York. All those President Trump get his hand on. The one thing that could spin away from us, that could absolutely spin away is this massive, massive amount of debt. $40 trillion. Take a short break. I'm flying solo this morning. Give you a wrap of what happened over the weekend and the week ahead. It is all hands on deck on Capitol Hill. Burchgold.com Bannon the end of the dollar empire. We're coming out. I'm signing off today on the sixth free installment. That would be modern monetary theory, the idea that broke the world. Birchgold.com also if you got your phone, just text in Bannon B A N N o N at 989-898 get all the free information about your IRA and 401K. Birchgold.com Nicole Negrady takes us out with modern day Holy War. Back in a moment. It's obvious the unthinkable continues. Most Americans know something is very very wrong. The people in charge keep telling you that everything's fine and to stop noticing, but you know better. That's why self reliant folks are investing in emergency food storage and you should too. My patrons play the nation's largest emergency preparedness company are the ones you can trust. Go to mypatronsupply.com and secure their best selling 3 month emergency food kits. Each contains tasty breakfasts, lunches and dinners averaging over 2000 calories per day. My patron supply also sells solar generators, gravity powered water filters, off grid, room heaters for when the power goes out. They also sell heirloom seeds and survival gear. Order by 3pm and your items shipped that same day and arrive quickly on your doorstep in unmarked boxes. Go to mypatriotsupply.com today. Hope is not a plan. My Patriot supply is a plan. Time is running out to prepare for what's coming. Mypatriotsupply.com go there today. Action. Action Action. Your own mayor Eric Adams now agrees with this, doesn't he? Eric Adams came out on Friday and said hey after one meeting with Tom Holman has said there are 500,000 children here that are supposed to be with their sponsors that are missing. Right? Eric Adams. I think he's actually Q, isn't he? Is it Eric Adams? Is that? No sir. Is Eric Adams QANON Poor Mayor Adams. Poor Mayor Adams. As soon as he said it won a sanctuary city, hey, Southern District came for him, Right. The fight starting January 20th is a real fight. It's going to be determined in this city. The bond market is going to determine whether we're successful or not. The global capital markets are going to look at President Trump plan. And if they turfed out Liz Truss, they just turfed out the French government. They're not going to turn out turf out Trump. But we need to have his back and the people to do it are right in this room. Okay, welcome back right there. So, Jim Vanderhey, one other slight edit and correction on your creators and destroyers is that you said the stock market, stock market is interesting, obviously important for people raising capital and for the net worth of some of the audience. Right. But the important capital market throughout the world is the bond market. The bond market, I don't know, 10, 20 times bigger than stock markets. The bond market is the primary capital market for governments, local governments, businesses. It's bonds, not stocks and the bond market. This is why Jim Carville, remember Carville back in the 90s, said if he, if he died, he wanted to come back as the bond market because Robert Rubin, Bob Rubin of Goldman Sachs was first National Economic Council advisor to Clinton in the White House. And then he was the secretary of treasury and kind of knew how to manage an economy, the economy under Clinton. When Newt Gingrich got in there, they had four years of surpluses given the Republican cuts and Bob Rubin's kind of laying hands on Bill Clinton, it's the bond market. So what do I mean by that? And you saw the games were being played on Capitol Hill. Here are two big games that are being played. So inside baseball, you have Doge and you have Russ Vote, you have the OMB guys. And remember, Doge is kind of advisors or consultants to omb, Office of Management Budget and Office of Management Budget kind of manages programmatically all how the money, the money gets appropriated by Congress and put into law. The appropriations bill, when that's signed, that's a law. Then how that money actually gets into the government and how it's managed programmatically because you have tens of thousands of programs from the Department of Labor to the Health and Human Services to the Pentagon that have to be they're executed on over there and kind of managed. But somebody has to kind of be back at the White House, at the executive branch, at their level to kind of make sure they're advising the president of how it happened. Of how this money actually gets spent and where we are programmatically on actually meeting what the executive branch has told Congress during the appropriations process. This is why a guy named David Stockman, remember David Stockman and Reagan, nobody knew what Office of Management and Budget was. And then Stockman became like the key guy in the first years of the Reagan administration. Russ Vogt was a central member of President Trump's team in delivering from the tax cuts and the things we did in 17, they came to fruition in 18, and really 19. Russ Vogt is kind of the internal manager of that. When you talk about deconstruction of the administrative state, are you talking about deregulation or what Vivek and Elon have been talking about on Doge of really taking this thing apart and cutting costs and efficiencies? And they're talking about $2 trillion, I don't know, annually, maybe over some time period. It's Office of Management and Budget will do that. Well, as I said the other day, all of a sudden the ndaa, that's the National Defense Authorization act, became the biggest thing in Washington, D.C. it had to be done. It had to be done. Had to be done. You could have very simply kicked it into next year. Yeah, we're taking a little technical issue to do, but have been quite simple if you have President Trump get his hands on it. No, the reason they did it is because the National Defense Authorization act doesn't allocate the money per program that comes actually in the appropriations process is as it's set up in the rules of Congress and kind of laid out by the, by the Constitution. The Constitution. All revenue generation and spending have to originate, really originate from the House of Representatives. That's why the House is built like on the House of Commons. And that's why the House is. I voice it is where the action is. The Senate is essentially the Human Resources Department, which I mean by that the confirmation, advice and consent provision of the Constitution, also for doing treaties and big things like that where you need 2/3 of the senators to come together. They replicate a lot of things in the House, but it's really the House that drives. Drives the action. The NDAA is $900 billion. That's a top line that's set for this, this coming year. The first two year, the first two months of the fiscal year that was October and November. Always remember, the fiscal year for the government goes from the 1st of October to the 30th of September. It's not a calendar year. The first two months of this year, the deficit, folks, was $624 billion. That's a record. Right now, we are bleeding cash like nobody's business. And quite frankly, people can't figure out why those are all time record months. Because the Biden regime, you think that they're giving you little information on the drones over New Jersey. And think about this drone thing, you're two weeks into it and they haven't had a press, they haven't come forward and had a straight, hey, here's what's going on. Kind of scary over airspace. You know, I don't know if it's Biden administration drones, I don't know if it's CCP drones, I don't know if they're Persian drones. I don't know if it's a bunch of hobbyists putting up, I don't know, eight foot wingspan drones over New Jersey. It could be any of those. Who knows? Could be the CIA. Now they say, oh, they're searching for nuclear waste or nuclear fumes or radiation coming out there. Nobody knows because nobody's coming forward and saying, hey, this is over American airspace, right? American airspace. And this is what's happening. If you think you're getting little information from there, because every day you got a sheriff, I'm going to shoot that drone down, right, with his own drone. Going to be drone wars over New Jersey. If you think you're getting little information about that. We're getting almost no information about the federal budget. And this is existential, the invasion of our country because President Trump is going to stop it, build a wall and secure the wall and work with Mexico to stop in Central American countries. The issue there is how you deport people. And there's a study out today, oh, if you deport these people, it's going to lead to a great depression. You're going to see so much fear mongering that. But that is a definable issue. And you have people like Tom Holman and Stephen Miller and others up there. These people are hammers and they're very smart and they have huge teams they're putting together right now to make sure you do it and do it in an efficient way. The Third World War, the kinetic part of it, because we're in it, folks, from the time and you guys have been with us, some have just been with us for a couple of years. Remember on Ukraine, I said exactly what was going to happen in Ukraine. Not one thing did I get wrong. It wasn't me, it was dozens of people around us and Professor Mersheimer, you could kind of see if you understood history, what was going to happen. But once again, President Trump gets in the room, he'll make a deal. President Trump will do something in the Middle east to make sure we do a stand down there, I hope, without having to bomb the Persians, because then he can get in the room. But it's going to be a little. It's going to be a little tougher, right? Those are definable issues that you can have some sort of at least control over right now because of the law of large numbers. This debt situation is spinning out of control 400 days from today. And take your phone out, take your computer, just go to the US national debt clock. There's a couple of alternatives on the debt clock. I think OMB's got one congressional budget, have one. I think they got a couple of private services, too. So they give you two or three alternatives. The debt clock itself, the people got theirs. But if you go to one of the pages, they've got two or three alternatives. Essentially, all the alternatives are kind of the same. That by the first anniversary of President Trump, so January 20th of 2026, 400 days from here, in 400 days, bang goes by like that. $40 trillion, $40 trillion with, I don't know, $1.5 trillion, $1.4 trillion, $1.2 trillion going out in interest expense. It shows you the BRICS nations, what I fear we're going into is a collapse of the global monetary system. Now, Rachel Maddow, once again, and this is why your numbers have dropped so, you know, 43%. This is why Morning Joe, you've dropped so much. You look people in the eye with all the information you had. You look people in the eye and you lie to your audience. And that's why, quite frankly, some are discussing with you, some will hate you and never come back. We actually try to give every piece of information to this audience so that it can be actionable, actionable in their own personal life, actionable in their family's life, actionable in their community life, and certainly actionable in the life of their country, of where they dedicated themselves to help turn around at $40 trillion, adding a trillion dollars every hundred days. And since I made that statement, I think a year and a half ago, it's a trillion dollars roughly every hundred days. It's out of control. And you sit there and go, well, hang on, Steve, hang on, hang on. The cavalry is showing up. The cavalry's here. I got Vivek and I got. And I got Elon and certainly those are very smart guys, obviously, and very dedicated guys. I mean, they've put a lot of time in onto the campaign. And I'm really impressed with Elon and he and I disagree about so much in life, but he put not just his money where his mouth is. He put the money where it was most important, where he had the most leverage and was able with you, the volunteers and the Scott Presslers of the world to drive us to victory. Capitol Hill and the way the system, the established order, forget Republican, Democrat, that's old nomenclature. It's not relevant on Capitol Hill. That's just the political class, they're the flunkies, they're the Mitt Romneys. It's kind of a, it's kind of bozo land, right? They're not particularly bright. I mean, look what Mitt Romney told Jake Tapper. It's, you know, all puffed up. You know, it's very, you know, now it's a party of working class people that Donald Trump has. President Trump's been working on this project for 10 years. 10 years. He came down and he came down the escalator in June of 15. He had been at it for about two years before then. Donald Trump just didn't wake up one morning, go, hey, Melania, join me. Today I'm going to go down an escalator and I'm going to announce for president. President Trump had been around to CPAC to these, to these cattle calls that Dave Bossi set up. He had been working this for about a year and a half, two years. So President Trump's been doing this for 10 years. A guy like Donald Trump, when he puts his mind to something, stuff happens. And Mitt Romney's sitting there totally. Well, you know, this is, it's now a working class party. No, dude, President Trump been doing this for a decade, including when you ran for president. Clown. Mitt, here's the thing, and I realize you're giving your exit interviews. You want to be all puffed up and, you know, you're a man, a great man of state affairs and you want to be all, you know, think great thoughts and knit brow, just put a red clown nose on next time. Just put a red clown nose on. It goes with the act. It goes with the act up there. They're the problem. The problem is the people that should know better either are too dumb to realize the existential threat of this debt and the spending or they know it and they're part of the problem. The NDAA last week they all had to do. And only 16 House Republicans voted against it. They all had the NDA. Had to get done. Had to get done, that is to block Elon Musk and Vivek Ramaswamy. Now everything comes off that 900 billion. And I would respectfully submit, as someone who considers himself a hawk and dedicated, I don't know, seven and a half or eight years of my young life in defense of this country. And my daughter has committed a big part of her life. I think you owe back taxes, right? 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Call 1-800-958-1000 or visit tnusa.com Bannon tnusa.com Bannon here's your host, Stephen K. Bannon. So if you go back, if you. I'll wait for my cue next time. If you go back, if you go back, remember, I don't know, it must have been a year ago, year and a half ago. At my advanced stage, all kinds of blends together, right, folks? If you go back to remember Liz Truss, she had Winston Churchill's job, I think for 90 days, three or four months. She put together a kind of a rejuvenation plan for the British economy. And what she went back and did, she kind of went back to kind of Reagan type, you know, pure supply side, big tax cuts, deregulation. She presented this with no numbers, no math and said, this is what I'm going to do. And the bond market over in England and England's economy is about $2 trillion. I think they have debt of about $2 trillion, which is scary because the debt, when debt gets to the level of your overall gdp, that's called the line of no return. Basically no economy in world history has ever recovered for that. And you might add, well, Steve, where are we? We're at about, I don't know, 120, depending on how you calculate. You see all these pH, well, public debt versus non public, no debt's debt. So we're at about, I don't know, 115, 120%. But this time it's totally different. This time it's totally different. So Liz Truss, she and her brilliant Minister of finance, our Chancellor of the Exchequer, as they say in the City of London, wouldn't put forward any numbers, wouldn't show people, well, how does this work, man? You're doing all these cuts down front, but you got these budget deficits and we're not a huge country and we're not the prime reserve currency, so people don't have to take the pound. What's happening? The bond market threw up all over her plan. And what's called bond vigilante started selling short. Selling bonds. Shorting bonds, not buying bonds. Liz Truss was gone. The shortest premiership in the history of the United Kingdom. Hey, and they've had some times of chopping heads off and fighting. They've had some pretty short runs. Who took her out? As Nigel Farage told me, he says, Steve, the bond market has taken out more governments than howitzers. You see this all the time for developing nations, right? And England right now is kind of, their economy is kind of outside the city, outside of London proper is kind of a third world country in many regards. This is President Trump, what President Trump and Scott Bess and that team are going to have to show because it's the bond. We finance this through bond markets. And what we don't finance, we print ourselves. You're going to have to make a case that your cuts have growth. So number one, this is what the energy, the 3, 3, 3, 3%, 3% interest rates, I think 3% deficits, deficits to GDP and 3 million barrels a day. So you get your energy, you get your energy set and then you build upon that. When Scott Besson talks about 3%, we're at about, I don't know, six and a half percent now. Something north of six, like seven. The government of France for the first time since 1962 got turfed out about 10 days ago, right before President Trump went over to Notre Dame where he walked in like Charlemagne. Remember that? That Friday, the government of France, the parliamentary government, had fallen for the first time since 1962. Why? They had 6% also of budget deficit to GDP which is not sustainable. So to get down to their 3%, which is marginally sustainable, they had to have cuts. And where did the government's first proposed cuts come from? Well, if you said the French working class and middle class, you would be correct. They said, we're going to cut here, we're going to cut medical, we're going to cut ba boom, ba boom, boom. We're going to cut here in Marine Le Pen in Front National. Our national assembly kind of came out and said, no, no, no, no, no, no, no, we have an alternative. And what you're going to do is stop sending money to Brussels. We're going to forget this quasi French empire. We got no more money to the Middle east, no more money to sub Saharan Africa, no more money to North Africa. We've had it. Money for the French. And the government fell on their idea of what they were going to do. On Friday, the global rating agencies downgraded France. And what does that mean? That's kind of a fancy thing for means they're going to have to pay more. They're saying their bonds are riskier, they're going to have to pay more and that adds to the interest charge. So every time they have a deficit, dollar deficit, it's going to cost them more to finance that. That's what President Trump has looked at. You have three things. Number one, grow the economy with his plan. And President Trump showed us he could grow it in 18 and 19, which was fantastic. Remember back then with taking $1 trillion off the balance sheet of the Federal Reserve to put a big headwind in for liquidity, President Trump, I think had three and a half percent growth. It was extraordinary, extraordinary. All those great things happen, happening with blue collar workers on wage increases, no debt. And this is why, quite frankly, when blacks and Hispanics and working class whites look back and go, hey, I've heard all the happy talk of Biden. I've heard the politics of joy. Hey, guess What? Christmas in 19 was where I want to be. My family is better off, my community is better off. I was better off. Just give me that. I'm a simple person. Just give me 19. Let's recreate 19. But we're not the country. We don't have the balance sheet we had in 19. Why, I don't know. Joe Biden and a bunch of people like Mitt Romney and Mitch McConnell allowed $11 trillion, $9 trillion, 10. $11 trillion onto the balance sheet of the United States of America. And where did the money go? I got the sources of proceeds. It's the American taxpayer? Where are the uses of proceeds? Do you see a country, folks? You look around. Where did the $40 trillion go? Where'd it go? Is it in your community? Is it in your community? Is it in your pocket? Is it in your neighborhood? Just ask a question. Look around. Inner city Baltimore, the boroughs of New York City, Chicago, St. Louis, the hinterland. I don't care. Pick it. Tell me in the country where you see the $40 trillion. Look around. Where is it? I tell you where it is. It's in valuation and cash, in the stock market of the oligarchs that run this country. Blunt. The massive federal spending juiced the stock market and they creamed off the winnings. It's as obvious as anything and this is why they don't want to admit it. This revolution is going to come from the street. Ours is a peaceful revolution driven by populist, nationalist voters. If you want the alternative, folks, look at what the left did. They gunned a man down in cold blood and shot him in the back, just like Robert Ford shot Wild Bill Hickok. One of the greatest, greatest, worst events in American West. A coward walked in and shot a man point blank range in the back. That's what happened in midtown Manhattan, the streets of New York. So you got a choice. Populist, nationalist revolution, peaceful but pretty dramatic. Or you got the French Revolution. Donors, wealthy billionaires. You pick them because that's your choices. Short commercial break we're going to start the second hour of the War Room. We're going to take you out with St. John the Evangelist. When the man comes around from the Book of Revelations, it's hard for thee to kick against the bricks. 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. 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