Episode 4132: Johnson Weakens On CR Proves His Weakness; CR Fight Begins On Capitol Hill

Summary

Podcast Summary: Bannon’s War Room – Episode 4132: Johnson Weakens On CR Proves His Weakness; CR Fight Begins On Capitol Hill

Introduction

In Episode 4132 of Bannon’s War Room, hosted by Stephen K. Bannon, the conversation delves into the turbulent political landscape surrounding the ongoing budgetary battles on Capitol Hill, the defense of American civil liberties, media defamation suits, and the looming economic crisis driven by soaring national debt. Released on December 17, 2024, this episode provides listeners with a comprehensive analysis of the current political strategies, internal conflicts within the Republican Party, and the potential ramifications for the United States.

1. Cabinet Nominees and Potential Primary Challenges

Stephen K. Bannon opens the discussion by addressing the potential challenges facing cabinet nominees. He posits that if nominees are deemed unreasonable or oppositional, they might face primary challenges from within the party.

"Your nominees, your cabinet nominees, should they be primary? If they are unreasonable, I'll give you a different answer, an answer that you'll be shocked to hear." [00:00]

Bannon emphasizes the importance of selecting nominees who are fair and reasonable to maintain party unity and effectiveness.

2. Media Defamation Suits and the Trump-Aligned Legal Strategy

A significant portion of the episode focuses on the trend of defamation lawsuits filed by Trump supporters against major media outlets. Bannon critiques the settlements, particularly ABC’s defamation case, arguing that such actions embolden the Trump-aligned base to initiate further legal challenges against other media entities.

"The ABC settling that defamation suit really was not helpful to anyone in the press, frankly, because that only has emboldened people in Trump world." [04:18]

He highlights the strategic shift within the MAGA movement to confront the media more aggressively, noting that this was previously confined to fringe elements but is now becoming mainstream.

3. Defense of American Civil Liberties

The discussion transitions to the American Civil Liberties Union (ACLU) and their strategies to defend civil liberties in the face of aggressive policy shifts anticipated under the Trump administration's second term. The ACLU has been proactive, preparing for a more assertive stance compared to their first term.

"Litigation is going to be key. The courts still are a place we have to turn to." [02:44]

Bannon underscores the necessity for the ACLU to adapt by selecting strategic cases and employing innovative legal theories to combat the administration’s policies effectively.

4. National Debt and Economic Crisis

A critical theme throughout the episode is the escalating national debt, projected to reach $40 trillion within approximately 400 days. Bannon warns of an impending economic collapse akin to the financial crises of 2008, 1929, and 1907.

"Four hundred days from today is roughly the first anniversary... $40 trillion. We say, Stephen, that's impossible." [42:39]

He critiques the bipartisan failure to manage the national debt, attributing it to neoliberal policies and excessive government spending. Bannon also warns of the inevitable global margin call resulting from unsustainable debt levels, which could trigger a severe economic downturn.

5. Critique of Current Political Leadership and Governance

Bannon offers a scathing critique of current political leaders, particularly focusing on Speaker Johnson and Speaker Lawlor. He accuses them of failing to lead effectively, being disconnected from their party's base, and being overly reliant on Democratic support to pass legislation.

"Polly Pockets Johnson knows that 100 Republicans are not going to vote for this minimum. So he's over there getting Democrat votes." [44:42]

He argues that the lack of genuine Republican leadership has led to a fragmented party unable to push forward a coherent agenda.

6. International Economic Policies and Their Impact

The episode also touches on international economic dynamics, particularly critiquing China's exploitation of the post-war international order to bolster its economy at the expense of the United States.

"They gamed the system to leverage off the slave labor of the Chinese people and to ship all the high value added manufacturing jobs up there and gut the United States of America." [42:39]

Bannon warns that such practices have undermined the American middle class, leading to economic stagnation and decline.

7. Capitol Hill’s Continuing Resolution (CR) Debate

Central to the episode is the intense debate over the Continuing Resolution (CR) on Capitol Hill. Bannon criticizes Speaker Johnson's handling of the CR, labeling it as a "fiasco" and a weak attempt to stave off a government shutdown. He anticipates significant internal conflict within the Republican caucus as members express frustration over the rushed and inadequately consulted CR proposal.

"Johnson's trying to sell his members on his CR plan this morning. It did not go over well. According to her, it's very clear Democrats are going to need a heavy lift to carry this bill." [44:42]

Bannon predicts that Democrats will leverage the situation to pass more comprehensive and possibly detrimental legislation, excluding the war room’s favored provisions.

8. Emergency Preparedness and Economic Sovereignty

Throughout the episode, Bannon advocates for personal and community preparedness in anticipation of economic turmoil. He encourages listeners to diversify their savings, invest in tangible assets like gold, and secure emergency supplies.

"It's important to have a safe haven for your savings. Birch Gold Group will help you convert your IRA or 401k into physical gold." [15:11]

He stresses the urgency of taking proactive measures to safeguard financial stability amid the anticipated economic crisis.

9. The Role of Local Governments in Protecting Civil Liberties

Bannon discusses the pivotal role that local governments can play in resisting federal overreach, particularly in immigration enforcement. He outlines strategies for local officials to sever ties with federal authorities and protect immigrant communities from aggressive deportation policies.

"They should sever these relationships they have with the federal government on immigration enforcement." [06:00]

He emphasizes the importance of local resistance as a bulwark against what he perceives as unconstitutional federal policies.

10. Conclusion and Future Outlook

In his concluding remarks, Bannon reflects on the historical context of presidential authority, drawing parallels with President Lincoln’s Emancipation Proclamation. He warns that without decisive action, the United States risks descending into economic bondage and societal decay.

"How do you start to do that?... it's economic bondage of the working class in this country." [42:39]

Bannon calls for renewed leadership and strategic action to navigate the country through its current crises, advocating for a robust and resilient approach to governance and economic management.

Notable Quotes

• Stephen K. Bannon on Cabinet Nominees:
  "If they're unreasonable, if they're opposing somebody... I could see that happening." [00:25]

• On Media Defamation Cases:
  "The ABC settling that defamation suit really was not helpful to anyone in the press... they're feeling emboldened to do it." [04:18]

• On the National Debt:
  "Four hundred days from today... $40 trillion. We say, Stephen, that's impossible." [42:39]

• On Continuing Resolution Debate:
  "Johnson's trying to sell his members on his CR plan this morning. It did not go over well." [44:42]

• On Economic Sovereignty:
  "It's important to have a safe haven for your savings. Birch Gold Group will help you convert your IRA or 401k into physical gold." [15:11]

Final Thoughts

Episode 4132 of Bannon’s War Room paints a stark picture of the United States' current political and economic challenges. Stephen K. Bannon articulates a sense of urgency in addressing internal party divisions, defending civil liberties, combating media opposition, and preparing for an impending economic crisis driven by unsustainable national debt. The episode serves as both a critique of existing political strategies and a call to action for listeners to engage proactively in safeguarding their financial and civil freedoms.

Transcript

[Stephen K. Bannon]

Your nominees, your cabinet nominees, should they be primary? If they are unreasonable, I'll give you a different answer, an answer that you'll be shocked to hear. If they're unreasonable, if they're opposing somebody.

[Unknown Speaker]

For political reasons or stupid reasons, I.

[Stephen K. Bannon]

Would say has nothing to do with me. I would say they probably would be primaried.

[Unknown Speaker]

But if they're reasonable, fair and really.

[Stephen K. Bannon]

Disagree with something or somebody, I could see that happening. But I do believe that if they're.

[Unknown Speaker]

Unre, I think we have great people. I think we have a great, a great group of people.

How far can Donald push these, Donald Trump push these members? How far can he push them to say, you're going to do what I say? Or else do you think they're willing to cross him on Pete Hegseth, on Tulsi Gabbard, maybe even on RFK junior? I mean, the good part is we're starting to see the system actually play out. We've said, well, there's not going to be any guardrails. Well, I mean, there kind of still is. And to Joe's point, it's like these guys aren't up for the job. You can get somebody else, we'll be nice, we'll do it politely and quietly and then we'll give you all everything else that you want. So I think that's how it's going to play out. But you think about Pete. I mean, the Pentagon would swallow him up in one week. That's what I was saying. Let's push aside all the other horrific judgment. You look at his lack of inexperience. But I've said it time and time again. You know, that's a job I'm sure you and I think we could do most jobs. I don't want that job. I don't want that job. I remember Chris Lake called me up and he said, he said, hey, I may be able to take the CNN job. I go, let me tell you, the two jobs you don't. I said this, there are two jobs in America. You don't want the CNN job because of the bureaucracy and the Pentagon. And I said that like three years ago, but the Pentagon's even harder. The bureaucracy will swallow you up whole unless you really have been walking those corridors for years. I mean, I was on services committee, you know, for four terms. And even if, and even then it was like, I mean, the weapons systems, the training, the tanks, the guns, the bullets, the satellites, the bureaucrats, the cybersecurity, I mean, like the housing, the benefits, it would, it would swallow he's not up to the task. If you want to reform the Pentagon, you're exactly right. You better get somebody that knows the Pentagon.

[Stephen K. Bannon]

Yeah.

[Unknown Speaker]

Tell me about how you at the ACLU are thinking about your plans to try to defend American civil liberties in this term versus the first term.

Well, we've been planning for almost a year. We were anticipating the possibility that he would win this election. So we've spent thousands of staff hours studying Project 2025, tracking the campaign promises, going back and playing back what happened in Trump 1.0 to see what might happen with Trump 2.0. And so we've been trying to get ready for this whole period of time. Clearly, we can't run the same playbook. They're going to be more aggressive, they're smarter, they're faster off the block. They are really going for the, they're running the gauntlet on many of the policy issues that they didn't dare try last time. They're going to run the ball down the field. And so we have to be much smarter and much better prepared. Litigation is going to be key. The courts still are a place we have to turn to. We have to be wide eyed that the courts are also increasingly conservative and he will appoint new judges onto the courts. It's also true that Biden appointed a record number of judges on the courts, and so not all is lost. But good lawyers are going to have to earn their, earn their pay by picking the right clients, the right cases, the right theories. Where do you file? Where do you settle? Where do you really push the envelope? And that's what really we're working through right now.

If you're not going to play ball, then you're going to be an enemy. And so you either settle a defamation lawsuit the way that ABC did or you kind of kowtow in advance and you kind of say, you know what, I've done the cost benefit analysis and it makes better sense for me and my financial bottom line to be able to keep a safe distance from you if you're Donald Trump.

Yeah. The ABC settling that defamation suit really was not helpful to anyone in the press, frankly, because that only has emboldened people in Trump world. You know, if you talk to the lawyers this, this weekend over, you know, over what happened, they're very, very happy. Like, you know, this is fantastic. You know, this opens up the path for them to sue other news outlets, other individual reporters. And they're absolutely discussing this. I mean, the moment they were done with the ABC SU discussion shifted to, ooh, who's Next. Maybe it's CBS. We really didn't like that 60 Minutes thing. And then on Sunday night at the New York Young Republican Club gala, which I attended, you know, the keynote speaker was Steve Bannon. And Steve Bannon was talking about it's time to prosecute the news media and people on this network as well. And so what has previously been confined to the ethers of the MAGA universe is now coming out to the fore, and they're feeling emboldened to do it. And I think we should take this extremely seriously because they're saying it out loud now.

When you talk to regular Americans who aren't lawyers, who aren't people who are engaged in this fight in a practical, paid to do it as part of their job kind of way, and you hear people feeling intimidated, feeling overwhelmed by the pace at which we're getting sort of alarming news about the extremism of their plans. What do you tell them about the prospects for holding line local governments, you.

Know, the state attorneys general, the governors, the mayors, we have this whole plan around a firewall for freedom. And we call it the idea that these local officials can really play an important role in stopping the worst of the government abuses.

How so?

Well, for instance, when they're going to try to detain and deport all these hundreds of thousands, up to a million people, that's an operation that they have the legal power to do to do the raids, but the logistics. And they're going to need mayors and governors or city councils to either give them access to police officers or not. Jails where you're going to house all these folks. Right. And so part of what we're doing is we're preparing executive orders and we're organizing our folks to put pressures on elected officials so they don't roll over. They should sever these relationships they have with the federal government on immigration enforcement. They should make sure that our prisons and our jails are off limits. They should begin to think about what actions they could take to pardon immigrants who have a criminal record because they drove on a suspended license. Well, let's take them out of harm's way.

They could do that now.

Let's commute.

They could do that now. Transition.

Yes. And so part of what we got to do is we got to swarm our allies in some of these places. And even in red states, you have some blue, you have some blue mayors. And so there's a, there's a whole game plan for this. And I think part of what we're trying to do is breaking it down. What can be done by the courts and lawyers? What can be done by citizens? What can governors do? What can mayors do? And really have a game plan for that.

When people look at the fact that there haven't been large scale protests thus far the way there were pretty soon after the election in 2016, I tend to look at that and think the American people are smart, people are marshaling their resources, they're waiting, choosing for the right moment. Do you see it the same way or do you see it okay, when.

He starts deporting all these folks, ripping apart communities. The idea that you're never going to be able to move that many people through the immigration system without ripping apart citizens and immigrants, it's going to rip the basic fiber of our, of our lives. And that's when people are going to say, oh, that's not what we bargained for. We got to turn out.

This is the primal scream of a dying regime.

[Stephen K. Bannon]

Pray for our enemies because we're going medieval on these people. Christians not got a free shot.

[Unknown Speaker]

All these networks lying about the people.

[Stephen K. Bannon]

The people have had a belly full of it.

[Unknown Speaker]

I know you don't like hearing that.

[Stephen K. Bannon]

I know you try to do everything in the world to stop that, but.

[Unknown Speaker]

You'Re not going to stop it.

[Stephen K. Bannon]

It's going to happen.

[Unknown Speaker]

And where do people like that go.

[Stephen K. Bannon]

To share the big lie? MAGA media. I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my.

[Unknown Speaker]

Country, this country will be saved.

War room.

[Stephen K. Bannon]

Here's your host, Stephen K. Band. 4, 3, 2. It's Tuesday the 17th of December in the year of our Lord 2024. Back when I was a kid, my dad and this was a big laugh for him, you know, he was a phone company guy. And they would talk about internally what they were trying to do, what they're trying to. And he would talk. They would quote the Pogo. Remember Pogo, old cartoon, I think from the 50s and 60s. I've met the enemy and he is us. That should be the mantra for the MAGA movement. And the. I shouldn't say he is us, but it's the MAGA wing of the Republican Party, which is total votes is, I don't know, 75 to 85%. I think if you look at President Trump's, a good count of that would be towards the end of the primary season when it was Nikki, Nikki, Nikki, Nicky, Nikki. When Birdbrain held out. And I think she was getting 15 to 20% of the vote. Then eventually all those people came home. Remember all these Republicans working to do it. Now you still have the Never Trumpers. That's the kind of, you know, Rich Lowry, you know, National Review, bow ties and in chamber music, cocktails on the Upper east side, the equivalent of the New York Conservative Party. You know, a lot of William F. Buckley types, and I was a big fan of Buckley, but that was back then, not now. If you see what's happening and you're going to have two examples of this. One is the. One is the. Is the nomination process where President Trump has actually thought through. You can see he's thought through over a long period of time. His victory, which was quite different than 16, because 16. We were just scrambling every day to get to a win. You could tell in the four years that he was kind of the lion in winter, having had the election stolen from him, having made a conscious decision to come back and do this, understanding what the stakes were for him personally and for the country, he really started to think through, what exactly are we trying to accomplish here? How is this going to be different than the first term? And how are we really going to make America great again? You know, I hated, and I was quite vocal about this, the slogan or whatever the catchphrase in 20, remember is Make America great again again. No, we were not quite there yet. It's going to take a long time to make America to return to a form of greatness. It's going to probably take decades, but you have to start with a foundation that is a total reversal. This is what you have to hit it with, which Robert Bartley used to say, muzzle velocity. When you have an idea, a concept, a construct, just sitting there talking about it, even sitting there making a decision about it, doesn't make it happen, doesn't make it a thing. Does it make it a presence? Does it make it flow through the system? Think about populist nationalism. When we first started on this journey back after the 2008 campaign, I mean, I was mocked and ridiculed. And the first year after I took over Breitbart, after Andrew died, I was vilified by the limited government conservatives, right? Because, you know, they know better. These are the folks that didn't lift a finger to actually limit the size and scale of the government. It kept getting bigger. Why? They're controlled opposition. Controlled opposition and kind of an authoritarian system. It's just a long. It's just performative. It's there to make you feel happy, right? As the control function does what it's going to do. We didn't get in this shape, folks. The country didn't get in this shape unless both parties were part of it. And this is why I say Republican Democrats are irrelevant. It's a nomenclature or a name that doesn't. It's the two sides of the same coin. Neoliberal neocons, that's the Washington consensus, that's the Wall street consensus, that runs the United States of America, the American empire. And this is the jam we're in because during the Biden regime, the empire started to get even. The true neo Marxists, neo Marxist element of it on the society side, the cultural side started to come forward. Not just the transgender radicalness, but all of it. And what they're trying to do in the propaganda department, in the education of your schools. Thank God the young men in this country being red blooded American boys, stood up and rejected that. And on their shoulders, President Trump rode to the presidency, his third victory for his second term. A second term that may lead to a third term. Who knows? That's on the future. Maybe that's a work in progress. I don't care if the left's melting down on that. I don't care if the New Republic is melting down. We do have a pretty good track record, I think, of throwing an idea out there and then over time working that idea, working the problem, as we call it. Got to work the problem.

[Unknown Speaker]

Now.

[Stephen K. Bannon]

Where is all this going? The two things happening, folks, on the nominations, they're trying to, you heard it right there. Oh, there's so many more qualified people. Yeah, Trump, these are all trial balloons. Pete Hex is a trial balloon. Cash Patel's a trial balloon. Tulsi Gabbard, Bobby Kennedy, I would beg to differ. President Trump has thought something through. He took a bullet to the head and four months later won in a landslide. I think he gets the team that he selected and we're here to put our shoulder to the wheel to make sure he gets it. But alas, on Capitol Hill, Polly Pockets Johnson, the team are about to surprise you with the 1500 page cr on next in the war.

[Unknown Speaker]

Big victory on 5November.

[Stephen K. Bannon]

Now the work can finally start on.

[Unknown Speaker]

The big issues facing the country. One of the biggest is the national debt and the deficits that drive it.

[Stephen K. Bannon]

Hey, you think the country's broke?

[Unknown Speaker]

The country is broke.

[Stephen K. Bannon]

We're just printing money to keep this.

[Unknown Speaker]

House of cards going. The strategy remains the same for you. You got to diversify, diversify your savings. That's why Buy gold from Birch Gold. So many things are out of your.

[Stephen K. Bannon]

Control, out of the President's control.

[Unknown Speaker]

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[Stephen K. Bannon]

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[Unknown Speaker]

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[Stephen K. Bannon]

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[Unknown Speaker]

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[Stephen K. Bannon]

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[Unknown Speaker]

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[Stephen K. Bannon]

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[Unknown Speaker]

Today, for example, the day after, the day after Donald Trump had that crazy rally at Madison Square Garden.

[Stephanie Ruhl]

Oh, wow.

[Unknown Speaker]

Yeah, I rolled the dice and I called him on the phone.

[Stephen K. Bannon]

And he answered. Of course he did. Of course.

[Stephanie Ruhl]

What do you say?

[Unknown Speaker]

And I wasn't calling to chit chat. I said, Mr. President, this is Stephanie Ruhl. You made a lot of comments last night, blah, blah, blah, blah. And it was, it was not an on the record conversation. Long story. So I'm not going to get into what he said, but I called for one reason. I said, you just said a whole bunch of public things. I'd like to sit down for an interview with you. We got five days before the election, so we didn't get into anything. There's nothing for me to report. I called him and said, I want an interview with you. Obviously he said no, but my point is I was able to get to him by dialing his phone. Now that might be completely ape. And you're like, I can't believe people know this guy's phone number. But the reverse of that, if I were to want to connect with VP Harris or President Biden, there's 50 people between me and that I could write a note that maybe could get to somebody to get somebody. Then through pony express and a pigeon, something might end up in a mailbox near them. And I called DJT to say, yo, can I have an interview myself? But I still was able to connect with him.

[Stephen K. Bannon]

Yeah, but he still picked up. That's Stephanie Rule from one of our favorite shows, the eleventh Hour at over at MSNBC every night. I think it's a fantastic show. That is so true. People have his phone number and they call him off. Think about the day after the rally was the run up to the election. That was the week. You know, later that night I'd be released from Danbury. I mean, that was the heart of it was going to hit that you had to turn out, I don't know, 50 million people and one mass mobilization. So President Trump's got a couple, three things on his mind. She calls him up, I'll take a shot. And Stephanie Rule's not on his speed dial list. She's a known hater. But he takes a call and she. What I liked about, she pitched the idea, hey, it was a great rally. How about a, how about an interview? And President Trump tells her, go F off. Which is great. You see, the great and the good now are all coming to Mar A Lago and they're all lining up to kiss his ring in his posterior. Right? You're seeing them all. And I have a huge problem with Walmart and all these guys that they didn't just fight him, they were trying to destroy him. Facebook, Google, all of them. Well, Twitter at the time, Elon owns that now, but Walmart, all corporate America and corporate America. And this is why Robbie Starbuck. What Robbie Starbuck has done is so unbelievably important. Is Robbie Starbucks working on getting local prosecutors to bring criminal charges against these companies, which not just civilly should be massive class action lawsuits. Massive class action lawsuits by MAGA against these corporations trying to destroy people. Remember Target Tarjay would just rather run you out of the store. It's not acceptable. The American people reject it, but now they got to pay the price. Just cause. Cause they're all going to go down there and grease everybody up. Think how outraged Zuckerberg spent. $450 million. 90% of it went against us in 2020 because he had to put 10% aside because they sit there and tell the justifier, well, we kind of spur around. No, dude, you targeted Trump and you targeted Trump voters and now you go down with a million dollar check for the inauguration. This is why in 2016, I didn't go to any of the inauguration events. None. I went to the speech. No blacktop speech, no balls, no nothing. Zero. Not interested. Why am I not interested? I don't want to hang out with those people. That's who ends up being these inaugural balls. It's all these guys writing checks and they're greasing you up and all they want is to get a meeting and there's just. It's all, it's all. It's greasy and they're greasy. One thing I did was go to the White House. We set up shop immediately. But then, you know, right after the speech. And then President Trump. The parade was amazing. President Trump stood down there on that podium for the entire time, watched the parade, which is extraordinary. It's always my favorite part of the inauguration on Capitol Hill. We're about to get it. And I think, and I've been saying this, don't want to say I'm right again. I know it gets obnoxious. Johnson. There's a fiasco. Okay, so what's going to happen in the next 48 hours? Another called shot for the war room. He's put up something. Cause he's weak. The short term cr Remember, the government runs out of money on Friday. Now why do they do that? They do that because right before Christmas everybody wants to go home. So it's the pressure to get everything done. Now we have two alternatives. The one alternative is those some big, you know, omnibus or CR that takes it for the whole year and takes out of President Trump's hands, particularly specifically takes it out of Russ votes hands the guys at OMB and takes out of Vivek and Elon Musk. Because of all this complexity of what's going to go on on the deconstruction administrative state, we are going to be your Sherpa that actually cuts through the fog of war and shows you the signal. Not the noise, not the happy talk, not a bunch of congressmen going up for open mic night over there last week when sitting there going, yeah, at Iowa State, they have a research program on, you know, two headed cows that ought to be cut. It's not about that. It's not about these little research programs, not about people, all these memes. Everybody's walking in. It's going to be like the Apprentice. You're fired. You're fired. It's not the point. We got a, we got a. Not just simply a problem. We have a crisis. Don't think we have a crisis. France, South Korea, Germany, Canada, I'm just naming the big four. Have all turfed out their governments here in the last, I don't know, 10 days, 12 days. Canada's on the brink. Everybody on the finance side quit. Why they quit? It was President. Part of it was President Trump's tariffs in the. And what I'm really proud of is that in the finance minister and President Trump's no fan. He just lit her up on Truth Social this morning. Lit her up because he's not a fan. Although I would tell the President she was just the reason she was kind of obnoxious sometimes. She was just fighting for the Canadians. Very tough to get to an agreement with her. But she quit yesterday. And why did she? She sent a letter. She sent a letter when she resigned. And she said to Trudeau, you are not taking seriously enough, and I quote, the aggressive economic nationalism of President Trump. The aggressive economic nationalism. Poetry, pure poetry. Aggressive economic nationalism. And she's saying, hey, I don't know if 25% tariffs are right or not, but I'm telling you, he's coming hard with something and he means it. He's not bluffing. And he said, your budget has. Wait for it does not keep our powder dry. It has too big a deficit. I think I'm hearing something consistent throughout the world. Why did the French government fall? The exact same reason, as I keep saying, the world has, I don't know. $300 trillion in debt everywhere, at every level, from your credit card to the student loans, your car loans. Every country in the world added up. Every county government, every municipality, every. Every water project, every state government, the federal. Our federal government, and every other government in the world, roughly $300 trillion. And I keep warning, we're going to have a margin call, global margin call. And when that happens, you're going to be in the whirlwind. Like you're going to make 2008, the 1929 crash, and the 1907 panic that got you the Federal Reserve and the national income tax look like a church social. But it's coming. And why is it coming? Because the folks that you get in office want to kick the can down the road. We're going to have a CR here. And I heard they had a Donny Brook over the conference. What happens is that they come in when they have somebody that they have the Republican conference, so they all go over there. It's a big kind of a, you know, conference room. And they get up and they have an open mic and have, you know, leadership stands up on the stage. And Johnson, you know, after working so long with Hakeem Jeffries, well, he worked with Hakeem Jeffries. Clearly, he didn't dial in everybody. You got everybody from Jason Smith over at Ways and Means to Chip Roy and MTG and everybody. You got the far right, you got the. You got the guys running the tax deal, you got the moderates, and they're all thrown up there. Why are they throwing up? Because of you. They realize you've had a belly full of it, and they realize that you went out and knocked on doors and did canvassing and worked phone banks and trained up to be integrity and guess what? You delivered. We held the House, we took the Senate and you took the presidency. So you're not. And by the way, when state legislatures all over the country just did great things. Except in places I still can't figure out like North Carolina where Trump wins bigger than ever and we lose across the border everywhere. I still can't figure that deal out. But we're scratching away down there. But you're ready for a fight just because it's Christmas. Hey, you know, Joseph and Mary had take a long trek when Augustus Caesar said everybody go back to the remember all of that. How's the Gospel of Luke start? It's all about taxes. It's all about taxes. French revolution taxes, American Revolution taxes, beginning of the New Testament taxes. What happens? Roman emperor, he's just taken over from Julius Caesar. He's got to get this thing organized. Most importantly, he's got to figure out how to pay for it. Here's how they're going to pay for it. Taxes. And not taxes on the wealthy that are running the deal in each province. They want a tax on everybody. That's where they send them back to their home. Hey, what we got to do is get them back up to the tribes. They could be scattered. Go back, go back to where you kind of were born and you're from. We're going to do a headcount. That's we're going to start taxing money and power. That's what we're talking about. A CR coming your way, baby. That is not exactly what folks bargain for. Another just beautiful job by Speaker Johnson. I don't think we're going to be using that term long. Not that we have a deep bench of hammers over there you can choose from. We're going to drill down to this more. Why are governments throughout the world cratering next?

[Unknown Speaker]

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[Stephen K. Bannon]

Stephen K. Band Speaker Johnson's living in La La. He's down in this conference. He's getting blown up. Was it Burleson? Burleson's not exactly. He's a good man, really good guy from I think Lake of the Near Lake of the Ozarks in Missouri or close to it in Missouri. Good man. He's sitting there. Lawlor, who's up? Lawler said this has not been member driven. Members didn't know anything about it and now they get this thing dumped on him. It's like a Christmas tree. It's got all kind of goodies with a special interest. And for Democrats, Democrats, we run the deal, but because you don't need their votes to get through. But of course, Polly Pockets Johnson knows that 100 Republicans are not going to vote for this minimum. So he's over there getting Democrat votes. That's what you got. He's the Democrat speaker. I said that from the beginning. Y'all don't listen to me. Democrat speaker is going to. He's going to trade you out. Burleson sitting there going, quote, it's a dumpster fire. So now you got a firestorm going down there. But here's what he's saying, here's what he's saying. And this is what happens when you have. These people are not leaders. He's sitting there going, hang on, hang on, hang on. Don't get all over me. I get important meetings with David Sacks and Vivek Ramaswamy Day. Dude, that's fine to come by for a courtesy call, but quite frankly, you're not relevant to what they're doing. Here's what you've got to be relevant in. We want a skinny cr. When I say skinny, like two pages that just kicks it to January to March, you know, March 20th. It gives President Trump January, February, February gives him 60 days. That gives Russ vote and guys 60 days to actually get this thing together and get the appropriations bills done. All of them. They're kind of teed up. Get them all through the House, all through the Senate. It's a process. This is just supposed to be a tiptoe process. What did you do? What did you do? What did you do? And didn't read anybody in on this because I asked them all. Has anybody read in. No, it's totally secret. It's behind closed doors. It's all McCarthyism again. Behind closed doors. Behind closed doors. And I tell people when they're behind closed doors, there's some bad stuff coming, and we got plenty of it. Okay, audience, because once again, get ready with the machete. Get ready. We're going to have to cut our way. You're going to have to cut the path through this. It's just going to have to happen. Just like you had President Trump's back from January 2021, even before then. But I'm saying when he got down to it, when they stole the presidency from him, went to Mar A Lago, you were the most. And not just loyal, you were the smartest and toughest, and you learned more. And you did precinct strategy, you did voter integrity. Anything that was asked, you did. And guess what? You were the vanguard and the cadre and the vanguard for the greatest comeback in world political history, not just American political history. Okay, we're gonna have to do it again, and here's why. So let's take. Let's just do a simple exercise. Four hundred days from today is roughly the first anniversary, the end of year one of President Trump's second term, the end of year one. And I think we're all in agreement that we probably have to get a lot of what he wants to accomplish then with the midterms coming up in the second year. Just do the math. And if you don't believe me, go to the National Debt Clock site. Is that 100% accurate? No, it's not. Is it pretty damn close? Yes, it is. And we're talking about scale of numbers that if you're directionally there, it's good, they're better than the directionally. Plus they give you a couple of other alternatives. They'll do a couple of other CBO, other guys. But the number 400 days from now, folks, is $40 trillion. We say, Stephen, that's impossible. You know, we're only, I don't know, 36 and a half trillion today, of which, when President, President Trump turned over the watch, I think we're at 23 trillion. And all of President Trump's essentially was added for the pandemic, yet we did not balance the budget. We came pretty close. I think it was 500 billion the first year. I'll go back and check the math, but. And I was a big Advocate. Let's just close this deal. Let's close this thing up. We just got to make some cuts like in defense. But President close. Trump was very close and stuff for the pandemic. But now it's a runaway train and so. Oh, you know, nobody cares about deficits, Steve. Nobody cares about debt. You talk about. Nobody cares about it. I beg to differ. They care about it because it seeped into every aspect of your life. Remember your life is run by the 10 year Treasury. That's what everything's priced off of. But it's seeped in as we refinance this. This inflation has seeped in this where President Trump said the other day it's not so easy to get out. And we're warning Powell, if you don't want to get on a collision course with the President and the White House and the posse, don't cut rates today. The last thing we need is a rate cut. If you do that, it's just Biden. You're just doing it and just doing it despiteful because you know you're going to quit or be fired. So you're just doing it to try to try to get embed inflation in there even more. The 40 trillion is got to be the third of that's got to be refinanced. And not just that, it's the pattern recognition of the velocity and particularly we're picking up velocity. It's still essentially a trillion dollars every hundred days. In fact, if you do the math between where we are now, the 40 trillion, guess what? Wait for it. It's about a trillion dollars every hundred days. That's not sustainable. It's not sustainable. At some time the world that has to take dollars starts to puke them back up. My big fear now is you're seeing the collapse. You're seeing the collapse of the international monetary system potentially you're seeing the collapse of that. And with that is going to come something that's going to be not good. And people say Bannon, all you guys do is cry and whine and bitch and moan about the post war international rules based order. No, that order that might have worked at the time when you in the 1990s the Bush regime allows the Chinese Communist party to come in with slave labor, with slave labor and then Wall street because it's to their advantage ships all the high paying value, high value added manufacturing jobs to China for the slave labor of the Lao Beijing. No, that's when the post war international rules based order the system starts to get gamed. They gamed the system, they gamed the system. They gamed a system to leverage off the slave labor of the Chinese people and to ship all the high value added manufacturing jobs up there and gut the United States of America and leave you as a serf, a Russian serf. This is why kids under 35 years old don't own anything, are not going to own anything. Why they don't have enough high value added jobs like in the old days. You start as an artisan, you start as an apprentice, you start. You know, my dad started pulling cable in a, in a sewer for the phone company before he came alignment. But hey, you work your way up, you've limited immigration, you have control of your money, so the fiat, so your dollar actually means something. You don't have runaway inflation, you don't have the drop, massive drop in purchasing power of the dollar. That's how you have a robust working class, a robust middle class. The people kind of go up, they it's escalation, not nuclear going up the escalatory ladder of nukes. You go up the escalatory ladder of economic life which we used to have in this country. But you don't have it. And why don't you have it? You have a decaying middle class, you have a under the gun, anxiety ridden, pressure ridden working class that can't even go to work on a subway safely. They don't have an education system that kids can go to that's not destroyed or a health care system they don't go to that's not destroyed. That's why you go into all the great hospitals, you know, Beth Israel go to all the great hospitals in the New York City area that used to be private hospitals all turned over to the state because they can't afford to be private anymore. You go in there, it looks like a war zone in the emergency room. Why nobody has any insurance. They just go to the emergency room for everything. And you have all the crime and everything, all the disease, all the crime, it's all there. They're not living like Americans and that is not acceptable. And one of the reasons is you have on Capitol Hill like a dog and pony show, it's all performative. Johnson comes out there and he gives you that deep voice and you know, we're going, you know, blah, blah, blah, blah, blah. On Fox they just roll him around, asks a bunch of softball questions because the lobbyists, this is a lobbyist thing, you know, you got from MTG and Chip Roy to Lawlor. Lawlor is not a fan of the war room. Lawlor is not a fan of maga. And you got those two and everybody in between Burleson and the whole crowd. This is not member driven. We didn't know anything about this. This thing looks like a Christmas tree. Why do you have a provision in there that Haiti's got like most favorite nation status or some tax free zone for Haitian T shirts which may or may not be a good thing? I have no idea. Doesn't sound great, but who knows? But that's not what it should be in a CR because we're going back. President Trump's best, one of his best sayings, no games. I don't want any games. Be straight. We got a game going on Capitol Hill. You think it's bad now for President Trump to take these ideas and turn them into actual reality is going to take more than executive orders. And I want to go back to one of my favorite scenes. I may play it later, maybe at 6:00 from the movie Lincoln. Because this is a lesson for us today, President Lincoln sitting there and they're all over him of why do you need all these amendments to the Constitution? This is not easy. We got to do a heavy lift and you got to get approved. Why do you need this? And he gets up on their grill and says the Emancipation Proclamation, which changed the direction of the war because up until Antietam, up until Sharpsburg of the fall of 1862, the war was about keeping the Union. After that, because Lincoln wasn't winning, the north was not winning, and many of the generals in the north were Democrats. And it was all this talk of treason. Who's really, you know, how could we be that bad? How could these guys go to West Point and this be incompetent? How could Robert E. Lee and Stonewall Jackson and Jeb Stuart, how These guys who all went to West Point, how could they be running the tables on our guys? What's happening? Is it treason? Are they not fighting? Is it just. They want to negotiate settlement, which was. Had some truth to it. Let the south go in peace. He says, hey, I got a fix for that. I'm going to put out a proclamation that frees the slaves or. Because his lawyer, the attorney general, said it's an executive order and you can only do it as a wartime necessity. You can only free him in the states currently under rebellion. You came and free him in the places we could actually control. And Lincoln said, an executive order goes away when my administration is over. The executive order goes away. It goes away. And that means what are we going to tell the world that they're enslaved again after we lost 600,000 people and destroyed half the country, that the slaves are slaves again. How is that going to play? He said we're out upon the world stage. That's exactly where we are with President Trump. It's not chateau slavery, but it's economic bondage of the working class in this country and quite frankly, now the middle class. So how do you start to do that? Yes, President Trump, we can do executive orders like we did back in the first term. Right. And you can do I want to.

[Unknown Speaker]

Warn you of a huge change that could be coming to our money in our bank accounts. First, think back to 9, 11, shortly after the government pushed through the Patriot Act. This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet. Now Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times best selling author, is warning about a coming event that could elevate this governmental surveillance to a terrifying new level. In fact, some of the guests I've had on the War Room believe that the government will soon expand their powers to track our every move. If we say the wrong things on social media, donate to the wrong causes, buy firearms or even vote maga, the government may be able to shut us out of our bank accounts. I can't say for sure if this will happen, but it's an interesting and dire warning. Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming and how to protect yourself from the possibility of of programmable money. Watch Jim's warning video now before it's censored like I've been in the past. Go to rickards war room.com that's rickardswarroom.com now.

[Stephen K. Bannon]

To see the video, use your host, Stephen K. Ban. So Melanie Zenona, I think she's over at Politico now. She was at cnn. She, she's reporting Johnson tried to sell his members on his CR plan this morning. It did not go over well. The griping stretched the gamut from Freedom Caucus to committee chairs and even moderates. It's very this according to her, it's very clear Democrats are going to need a heavy lift to carry this bill. This is where you are this.

[Unknown Speaker]

If.

[Stephen K. Bannon]

We'Re this on the CR and he's hid it from his members to drop it on them and put the gun to the head because the funding runs out on Friday, essentially he screwed the caucus. This is the easy one. This is as close to a layup as you can get. You just had to have something skinny kick it into which as you know, we're not fans of short term Sierra's. We hate them. However, if the purpose is to get it to after January 20th so that Russ Vogt and Scott Besant and Hassert and Navarro and the economic team around a guy named Donald John Trump can get their hands on it and do what they want to do, even with a first pass with Vivek and Elon and their team. Not a whole doge, but at least, you know, a lick and a promise. I'm down. I got that. I think we can support that. I think we'll go there. But that's not what this is. And to hide it. This is easy. Think of the conversations we're head and I know we're getting technical, but we need to get technical because I need you to be inside have inside baseball. So all this crap you're going to see on Fox, you're not going to believe they're going to try to jam everything in one reconciliation bill. Reconciliation is kind of gimmick. They have to get it through. So you don't. You can get past the Senate filibuster. We need to, because Trump needs to hit it on January 20 with the border and actually with money that's written into kind of a law, which the reconciliation bill would be.

[Unknown Speaker]

So he's got it.

[Stephen K. Bannon]

He's going to do a bunch of executive orders. But on January 20th, baby, we're rolling. Homan's rolling, Miller's rolling. We got legislation. We're going. And the tax bill and everything they're going to do will come in March and April. Why do they want to jam them together? Well, I'm just going to. Let me guess, let me think. Oh, that's right. They want to hide all of the goodies for the lobbyists and for the wealthy and for the billionaires so they can put a gun to the war room's head, folks, and say, oh, abandon all you and your people. Are you all crazy? You want to deport 15 million people? You want to build a wall, you want to secure the border, you want to do this, you want to do that on the border. Ba bing, ba bang, ba bang. Well, how can you vote against this? Yeah, sure, it's got a few tax things in there for lobbyists, but hey, you want to secure the border, you want to build the wall, you want to deport 15 million people, this is the price. This is the Admission ticket. We're not falling for that. So if Johnson doesn't even have the stones to do the simple stuff, how do you think we're going to do? We're going to be in a firestorm come. Do you think. Look, they're all down kissing his ass down in Mar a Lago with their little checks. Oh, here's a. Here's a million dollars. Please forgive me for trying to destroy you for four years. Excuse me, for eight years. But really, destroy you went ahead. You know, we had a free shot on gold starting in January 2021, when then we supported you and MSNBC were doing ads. They're sitting there cackling outside the courthouse in New York. Cackling. They're starting cackling in Georgia. They're sitting out there. Rachel Maddow with that cackle, cackling in front of the federal court in DC. That crowd, that crowd of corporate CEOs and Zuckerberg and Sergi and all the tech titans all down there. So now we got a cr. I told you this was going to happen. Little Polly Pocket shows up and hey, he had every opportunity. Steve Ben is not the boogeyman here. He had every opportunity to bring Lawlor in, to bring Burleson in, to bring Chip Roy in, to get MTG in, to get all those Ann Wagner pick them all the moderates, all the never Trumpers. Bring them all in. Have common decency to say, guys, you know, I think babing. No, you know why? Johnson knew and planned from the beginning that he was going to need Hakeem. Hakeem Jeffries, speaker of the fricking House. We didn't hold the House. We held Hakeem Jeffries house because we're going through the same madness again. And Johnson went to him early on. You talk about investigations. Hey, show me your text messages, show me your phones, Cash. I got somebody we should start with. Oh my gosh, oh my gosh. Oh my gosh. Sick in the FBI. Hey, they're government gangsters, aren't they? What the hell has he done? Here's on Friday. It's out of money. So you know what I say? Let it go. Let it go. There should be 200 and whatever Republicans vote no on this, make the Democrats pass the whole thing. Hell, Johnson's a Democrat. He's a Democrat. He holds the Bible. He's got the New Testament wrapped up tight. He can talk happy talk on a handful of social issues. You know, checking his son's porn, cider. I don't know, all this crazy nonsense he does all that. He goes down there. He's a big, deep Christian, except when it comes to showing courage and being courageous and maybe bringing people in. So it's not a surprise. So now the media can sit there with a big old shotgun to your head and go the go, oh my gosh, no Social Security checks. It's gonna be cold. It's gonna be dark for Christmas Day. Granny's gonna freeze. The parks are gonna be closed. Smithsonian is not gonna be open on Christmas Eve. Not gonna get any mail. No Christmas presents gonna go over. CNN's gonna have that big camera every, everywhere, kids crying, no Santa. NORAD's not going to be able to track NORAD's not going to be able to track Santa on Christmas Eve. NORAD will not do it. You remember as a kid, everybody sitting there got Santa, he's leaving the North Pole. It's not going to happen because the government's going to shut down because the government's out of money. The government's out of money. You understand? This is all just fiat currency. This is just all funny money. $40 trillion. It's funny till it's not. Folks, take your number two pencil out and write this date down. 20-01-2026. $40 trillion. We've put $21 trillion on the balance sheet of the United States of America since the moment that Donald Trump won the presidency on 8th November 2016. I want you to chew on that one. We had been around for 200 years and only the Iraq war, I mean, we only had a couple trillion at the turn of the century. It had blown out of control with the Iraq and Afghan war. The fiascos of the bailouts and Obama's bailing people out and Bush is destroying the economy. All this madness of the neoliberal neocons that wrecked this nation. We're playing more games right now on Capitol Hill. We're going to see how other governments in the nations are falling.

[Unknown Speaker]

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[Stephen K. Bannon]

Of their debt relief strategists for free.

[Unknown Speaker]

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[Stephanie Ruhl]

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[Unknown Speaker]

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