
Episode 4178: Slander Against MAGA And Trump...
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Scott Galloway
I think it comes down to a basic question, what is America? And I would. My kind of economic role model is Peter Drucker. I think an economy in America exists to create a robust middle class. The most ascending countries over the last 20 years have been China and India. And it's one basic litmus test. How many people are you bringing into the middle class? The greatest innovation in history is not the iPhone or the semiconductor. It's the American middle class that beat back fascism in the middle of World War II, has financed and built the greatest innovations, whether it's radar, whether it's the Internet, whether it's vaccine. The middle class in America is the greatest innovation in history. And people like to fall back into this right wing notion that it's naturally self healing. It's not, it's an accident. In history, typically throughout history, you have a small number of people who weaponize government. They're very talented, they aggregate power, they weaponize government and they aggregate more and more spoils. And then the good news is it's self correcting. This level of income inequality is usually self correcting. The bad news is the means of self correction are typically war, famine or revolution. And if you want to talk about tax policy, the myth in tax policy is that the rich don't pay their taxes. That's just not true. The fulcrum is the following. There's super earners and super owners. The folks around your table are probably considered super owners who make exceptional livings. But it's all current income reported on a W2. And if you live in New Jersey or New York, you're probably paying 48 to 52% tax rates. Right? But if you're a super owner. I make my living starting and selling businesses. My last business, which was sold for $160 million. Very transparent about money. This, this gestalt or zeitgeist that people should not talk about money is nothing but an attempt to keep poor people down. Because rich people talk about money all the time. It's important to be financially literate. The first $10 million for my $160 million sale was tax free. My effective tax rate over the last 10 years has been 17%. The average tax rate on the wealthiest 25Americans is 6%. Corporate tax rates are at their lowest point since 1939. At the same time, taxes have gone up where the super owners now the bottom 50% don't pay much federal income tax, but they pay a lot in usage and consumption taxes. But this misdirect talking about tax rates misses the point, it's the tax code, which has gone from 400 pages to 4,000. And that 3,600 pages, quite frankly, is there to screw the middle class and continue to transfer more money to the super wealthy. The fastest growing demographic group in America is not seniors, it's not Latins, it's billionaires. We have 500 billionaires 10 years ago, we now have 2500. So if you want to cram more and more wealth into a smaller group of people, we're on our way. And the weird thing about America is that we support it because our superpowers are optimism. The Achilles heel is that 99%, the bottom 99% who are getting screwed, mind these policies because they believe at some point they're going to be in that 1%. But where are we? We're in a country that's had unprecedented prosperity. But similar to the way William Gibson described the future, it has not been evenly distributed. When 40% of US households are struggling with some sort of medical or dental debt, when a quarter or 20% of households with kids are food insecure. And yet we have one man, Jensen Huang. And I like Jensen, who is now worth more than Boeing. I mean, something is wrong here. And just let me go to the psychology of happiness. I think a lot about happiness because I struggle with it. Joe, you effectively, once you get above a certain level of wealth, you get no incremental happiness. So why on earth would you not go back to a tax policy of the 60s, 70s and 80s where say above, pick a big number. 10 million. You actually pay more than 10%, maybe more than 20%, maybe more than 50%. Because the difference between 30,000 a year for a household and 50,000 is enormous to the well being of that household. Low income kids in low income households have higher resting blood pressure. But the difference between making 10 million a year and 15 million a year offers you no happiness. But these individuals have weaponized government and we risk revolution. Whether it's CEOs being murdered in the street, whether it's a MeToo movement that had righteous components of it, or Black Lives Matter. What are these movements? They are targeting the wealthy. We are in the midst of a series of small revolutions to correct income inequality. And the reason we put an insurrectionist and a rapist in office is because for the first time in our Nation's history, a 30 year old man or woman isn't doing as well as his or her parents were at 30. Why? Because the majority of households are having the oxygen sucked out of the room. Such That a small number of individuals and a small number of companies can be worth more than nation states. Income inequality is out of control. Our tax policy has gone full oligarch.
Steve Bannon
This is the revolutionary moment we're in. They do not intend. They do not intend to turn over this government to President Trump. They do not. They'll be forced to, but they do not intend. This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people.
Mika Brzezinski
Christians not got a free shot.
Steve Bannon
All these networks lying about the people.
Mika Brzezinski
The people have had a belly full of it.
Steve Bannon
I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's good going to happen.
Mika Brzezinski
And where do people like that go 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 country, this country will be saved.
Scott Galloway
War room.
Mika Brzezinski
Here's your host, Stephen K. Banner. Okay, it's Wednesday, the 8th of January in the year of our Lord 2025. We got an awful lot to get to today. But I got to start with kind of here's one of the principal reasons the country's in the shape of this. Because of those whiny bitches right there in Morning Joe, led by the big whiner, Scott Galloway. And dude, when you're on this thing, don't lay out your psychological problems. You know, I struggle with happiness. I don't care what you struggle with, bro. You know the reason that the middle class been assaulted and the working class have been destroyed. Galloway, you, you, you look in the mirror and look at the problem. It's you. You people in that whole morning Joe, that's, that's the Washington Consensus. What have you guys done for you? You've been in charge most of the time. You were in charge of buying things. What did you do? What did you do? And you have the gall to refer to President Trump as an insurrectionist and a rapist? Screw you, dude. I refer to the paper of record to back me up. This is Saturday's. Excuse me, this is Monday's edition. January 6th, the four year anniversary of Patriots Day. Right there. That article by Jonathan Weissman of the New York Times takes up how Democrats lost the working class vote right there. And it lays out Robert Reich. It goes in excruciating detail, bro, of how you used to have a working class Party. And starting with Clinton, you abandoned the working class, you abandoned the middle class and you never say anything about it. I understand you don't know anything about finance or economics because you're a marketing professor. This is how desperate they are. They got some clown marketing professor over at that Struggles with happiness. I struggle with happiness. I don't care. Don't give me the psychology.
Steve Bannon
I don't care about your problems.
Mika Brzezinski
Take your problems somewhere else. Your personal problems. I struggle with happiness, too. Well, you're supposed to be empathetic, Scott. He struggles with happiness, but he's really worried about the working people. You're not worried about anybody but your own self. The credentialed class. You're the problem, bro. When the revolution comes, and it's coming unless you follow the path of populist nationalism. I said this over and over again, you are one of the first guys going to get swept up in it because you, in the Morning Joe cohorts, had every opportunity to change things and you didn't. And now if you got bitch slapped the second time, you're sitting there going, oh. And they. So, yeah, look at this. The Democratic Party's estrangement from working class voters first became clear with Mr. Trump's upset of Hillary Clinton in 2016. What did you do in the interim? And don't tell me Bernie Sanders. That's a pillow fight. That's a pillow fight. Bernie Sanders is not serious. Every time they start talking about minimum wage, it's not serious. It says right here. In the end, the Democratic Party didn't focus on economics. They did some stuff. Expanded the safety net, which is just getting the government to pay for stuff instead of the people who should pay for it. But in the end, however, they bet on foreign policy, opening China to capitalism. The donor class of the Democratic Party, the greedy donor class. And by the way, they're in the Republican Party, too. That's why you can't look at Republicans and Democrats. It is populist nationalists versus globalist, elitist. And Galloway, all you are is an apologist for a system that cannot stand. And you had every opportunity. You and the Morning Joe crowd, you were in charge. Year after, after we beat Hillary Clinton. This says it right here. Don't take it from me. Go to Jonathan Weisman. Can we put that up? Paper of record, New York Times front page story on January 6th. It's not like they're hiding it. And he goes through Robert Reich, who we're beating on all the time. Robert Reich's the guy waving his hand, saying, hey, guys, hey, look over here. You're not paying attention. Mr. Reich's message was largely unheeded for 30 years. 30 years. 30 years and you have the gall played again. I got to hear him say, I got to hear him call Trump an insurrection. But calling Trump an insurrection. He's calling you an insurrectionist. Dude, we're the frickin solution, okay? You're the problem, you gutless, whiny little bitch. Play this thing again. We can't play it, it's not cut. Thank you very much. So when I tell you to cut it, let's cut it. Come on, guys, get on the frickin program. Okay, we're going to play that in a second because I got to hear again. I got to hear, okay, don't yell on them, let's just play it. I got to hear again from Scott Galloway's own voice calling you insurrectionists and calling President Trump a rapist. The only people that have done anything to help the working class. Galloway, look, back in 2019, working class wages rising ahead of middle class wages. The wages for non college graduates rising higher than college graduates. For blue collar workers rising higher than white collar workers, yes, that's because of Trump's. It was not perfect, right? I did not. It was a bunch of battles in there. I did not win. That's okay. Directionally it was good. It's going to get better because we actually did something. What did you do when Biden was there? All these massive programs just jacked up. Inflation, crushed the working class. This is why they turfed you out of office. You're going to come in here, whine and morning drive. They're all going to sit around with knitted brows. They got the knitted brows and they're going to sit there and they're going to think great thoughts, the great thoughts together. Here's the great thought. The kid that gunned down the guy in cold blood, shot him in the back like a coward at point blank range. When they start coming, they ain't coming for us. They understand President Trump's trying to do something. They're coming for you. That's where you're so afraid. You got a problem with, you know, I'm struggling with happiness, Joe. I'm struggling with happiness. Dude, take your personal problems and take them out of the room, man. We don't care. I don't care if you're unhappy. I hope you're miserable. I hope you're miserable. Every day I hope you get more miserable. The marketing professor. This is how desperate they are. They hold this guy up as some great thinker thinks great thoughts and then you throw that in there about President Trump, a man who you tried in prison, going to try to do it again on Friday, a man you tried to imprison that came back is the only guy. Talk to people, talk to the voters. Don't listen to me yelling into a microphone. Listen to them. They think Trump's got their backs. African Americans, Hispanics, inner city folks, look at what happened in the Bronx. Look at this massive out turning for President Trump. Look at it. What was that cause for? Because they know it's not perfect. It's not perfect. But I got to tell you, I would tell President Trump, you got to sue this guy right now. You want to get unhappy? Hey bro, we can get you real unhappy. It's unacceptable for a punk like you who is part of the problem. Remember this, you're part of the problem. In fact, I would actually say you are the problem. The problem is the Washington consensus that has allowed the wealthy in this country to ransack this country and send all the jobs over to China for the slave labor of Lao Baijing. It's not that you made China any better. It's not that you gave a damn about the Chinese people. You are comfortable them being enslaved for higher profits. You people are despicable. And you wallow there and you're, oh my gosh, what are we going to do? Read the Times. Don't take it from me. Read the paper of record. You read that where they called you out for 30 years has been longer than that of turning your back on your countrymen, of turning your back on the citizens of this nation. And you, how dare you call Trump an insurrectionist. Short break. Back in a moment.
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Scott Galloway
They are targeting the wealthy. We are in the midst of a series of small revolutions to correct income inequality. And the reason we put an insurrectionist and a rapist in office is because for the first time in our Nation's history, a 30 year old man or woman isn't doing as well as his or his or her parents were.
Mika Brzezinski
Let me have it. I'm asked to play that again, by the way. Denver, I know the live chat is up having your back. You guys are great, but I wanted that for dramatic purposes first. I understand. Took a longer to cut. We're going to play this. President Trump. Mike Davis will come later. I'm calling on Boris Epstein and the team for President Trump. They should sue Galloway immediately. Do you not see what happened at abc, you punk? Let me tell you something, bro. You people in that Morning Joe crowd, you're the Washington consensus. Hell, you advertise it every day. We're what Washington thinks, we're what New York City thinks. We think this, we think that, we're thinking great thoughts. It was you that did nothing. It was you that did nothing. And you're sitting up there, Mr. Marketing professor at NYU, the Stern School, Mr. Genius Thinking Big thoughts. How dare you call this audience group of insurrectionists. This audience has saved the nation, folks. Now you know we're up against not just taking on the world and taking on the, taking on the, the established order. Because the established order is to impoverish them. Established order is what have all those kids, all those kids are supporting the, the gunmen. The anger is going to come to you guys. You had every possibility. You controlled the entire government after you stole a frickin election. Why do you do anything with it? All this bellyaching about the wealthy and the class and the working class right here. It shows you. Robert Reich, little Robert Reich. He told you 30 years ago he told Clinton that Clinton cared. No, they're globalist. Reich, come over to our side. Come on, man. Come on, man. Can we have another one of those? Is that like a wake up call for me? Just. Okay, Denver, no paybacks on this. It's right there in the New York Times. They lay out the entire thing. The entire thing. That ain't Breitbart, that's not Gateway pundit, that's not Kane over Citizens Free Press. Although he Ought to link to this story. It shows you they were indifferent. You know why? Because they were making money and their donors are making more money than ever. They sold their country out and they sold their countrymen out and they sold the people that were the ballots of their party. And they're shocked they didn't turn up to vote for them. They hate you. Let me repeat this. They hate you so, Galloway, you ought to be damn afraid. You see them sitting there. It's a revolution. It's many revolutions. It's many revolutions. Yeah, it's going to be a big old revolution. We tell you, and I say this all the time when the donors come. And I said, you got two choices and only two. You got a choice to follow this populist nationalist MAGA movement that's trying to bring some fairness to this country and peace and prosperity. We're trying to stop the invade. Everybody, invite everybody in. Callaway, you guys sit there at NYU and you sit there. Morning Joe. And the immigration, flooding the zone. Where were you, brother? On the 15 million illegal alien invaders that came into this country in an organized fashion to destroy the black and Hispanic low skilled working class in this country. Where were you, sir? Where were you? You know, we were looking in the mirror saying, why am I unhappy? I sold my business. And you know, the first $10 million was free. They're not taxes. The tax rate is all of it. It's all of it. And we're going to get to all of it. But the first thing we have to do is understand the mentality of you folks that are the running dogs for this system. The running dogs for this system. The whole system conspires against the working and middle class. You, this audience, you are the full faith and credit of the United States of America. The full faith and credit. It's not the sec, it's not the Federal Reserve, it's not the Treasury Department, it's not the government, it's you. The whole world depends upon you. It's all on your shoulders. Scott, Galloway's kind of, he's got, he's worried now because in New York City they're gunning people down. We don't support that at all. We're the ones trying to come up with a solution that takes away that anger, that takes away that mentality, that mindset. What do you call it? The Gestalt Zeitgeist. I'm using all kind of big time Freudian concepts, you know, from the Frankfurt School. Oh, my God, that brought so much hate over here. Galloway, you and the running dogs. And they your running dogs of Morning Joe. You're the Washington consensus. You had all the power. You could have shifted this anywhere. Little war room, little tiny war room with some crazy Mick yelling to a microphone and a bunch of people that don't count according to you. Hey, guess what? Punch way above their weight and how dare you play. Okay, Denver, can we play? Can we play it again? I want to play that. I got to play Galloway telling us exactly what kind of person he is. And I strongly recommend the Trump team. And I realize you got a couple, three things going on. Davis is going to be here later. Mike Davis, who's now they're murder boarding guys getting ready for the confirmations. So people are working away nonstop behind the scenes. Folks, you should know that. You feel proud. We'll get Mike Davis on it. But I strongly recommend to Boris and the entire team over there that you go after Galloway. You have to stop this. You have to stop these accusations against the President of the United States. He's got enough problems on his hand, doesn't need punks coming on. And MSNBC should be ashamed of themselves. I know. I think Morning Mika worried about her bonus. I think she jumped in there. In fact, if we can get the Morning Mika thing and play a little later, I want to do that, but let's play Galloway again.
Scott Galloway
Are these movements, they are targeting the wealthy? We are in the midst of a series of small revolutions to correct income inequality. And the reason we put an insurrectionist and a rapist in office is because for the first time in our Nation's history, a 30 year old man or woman isn't doing as well as his or her parents were at 30. Why? Because the majority of households are having the oxygen sucked out of the room such that a small number of individuals and a small number companies can be worth more than nation states.
Mika Brzezinski
Where were you during the Obama? Obama had the greatest concentration of wealth. Obama administration to save the system. Because Obama's a constitutional lawyer. No offense to all the constitutional guys that Ted Cruz's Mark Levins, but hey, when you got to do heavy lifting, right? I don't turn to a constitutional lawyer. You're great on the Constitution, I got that. But at the end of the day, it's a contract. Okay. Divinely inspired, but it's a contract. Obama gets in the room, read the books. I think it's David Sussman. Read the books. He's sitting there, he has no earth yet. It's so complicated. But the bottom line was, hey, here's what we're going to do. We're going to bail out the system. We're going to bail out the perpetrators of the crash of 2008, bail them out with money. We just created that. That goes on the banner. Take interest rates to zero. And, oh, by the way, in doing this, we're going to destroy the working class and middle class. Wasn't Steve Bannon. That came from the. Read the Lords of Easy Money by Christopher Leonard. Read it. Christopher Leonard goes back. You know what Christopher Leonard does? He goes back to the minutes of the governors of the Federal Reserve, which, by the way, hidden behind lock and key for a decade. Chris Leonard went and did the work and they had debate. Hey, gosh, you know, if we do this, this is going to concentrate wealth and power, like more than any in the history of the country and probably in any nation of the world. Maybe we turn this into an oligarchy. They had that debate. The chairman of the Federal Reserve in Dallas was adamant. He says, yo, guys, if we go to zero interest rates, if we do this, yeah, we'll save the system, we'll save the perpetrators, but we'll destroy the country. That's why you're the full faith and credit you put on your shoulders. Remember back in those days looking at the checking account, looking at the savings account, there was no interest. You had no ability to have any capital accumulation on the little bit of money you're able to kind of set aside. Remember those days? Well, you ought to remember them. You did the ballot. Please understand something. You, the working class and middle class, did the ballot. Galloway, did you have anything to say about that? Did you have anything to say about that at the time, Mr. Marketing Professor? Were you thinking big thoughts? Did you think any big thoughts when that went down? Did you think any big. Morning, Gerard, where were you guys? Cnbc. Jim Cramer, you on that. You were had the pom poms fricking out. You were cheering it on. So don't sit here and tell me what you think today. And you're going to call Trump an insurrectionist, and by implication, consider us insurrectionists. We save this fricking country and Donald Trump saved this country. And if he didn't have the moral courage to come back against all odds and face your nonsense and face your crap and defeat you with people that used to vote Democratic. Let me tell you this, Galloway. They hate you with a burning hatred, and they should hate you because you destroyed them along with the Washington consensus, along with all the grand poobahs on Morning Joe every single day. And they understand. They understand that the salvation they've got rest upon a guy named Donald John Trump from Queens. Okay, who, if he had walked away after you stole the election from him, would have been. People said, fine, but he said it at Amfest. He came back because he knew he won and he knew how the system was rigged. It was rigged against a guy that's worth 7 or 8 billion dollars. If he can't make it, if he can't win, who can? Because you back him. You're an insurrectionist. Do you fully understand what that means, bro? You people disgust me. And here's why. The system that's offered so much to the credential class, you spit in the face of working class and middle class people that actually want to make change. Not performative, not talk about change. Not wine. A morning show. You know, I struggle with happiness. Struggle with this. Bro, you're detestable. Look in the mirror tomorrow morning. Look in the mirror. Repeat after me. I'm a piece of blank. Fill it in. This is why not only we will win. We have to win. We must defeat these people. Short break.
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Scott Galloway
I want to make a comment, though, just about a word that was used in this interview. Donald Trump was tried civilly and was found liable of sexual abuse, not rape.
Mika Brzezinski
But the judge in the case likened his actions to rape. But the liability was officially called sexual abuse. You're gonna get cute. Sue him, President Trump. Sue him. Play that again. Play that again. Sue him. You're gonna start tap dancing around. He Called him a rapist. Stephanopoulos just coughed up 15 million bucks. There's a story of Jonathan Carls making a move on Stephanopoulos. Game tossed. He willingly looked into the camera. And you guys waited. Then you didn't cut him off. Why didn't you jump in and cut him off? Play this again.
Scott Galloway
I want to make a comment, though, just about a word that was used in this interview. Donald Trump was tried civilly and was found liable of sexual abuse, not rape.
Mika Brzezinski
But the judge in the case likened his actions to rape. But the liability was officially called sexual abuse. Okay, can I. Can I play Denver? Denver. We good? I'm a patron. Okay. I want to say something else. The Sigs. I appreciate you. I. I'm. I'm Robin Parker. I'm good for the fine because we will get fined and for my language. My mother would have come in here, grab me by the ear and wash my mouth out with soap. But, hey, I'm that worked up. Can we play it again? Because here's why. Trump had the moral courage to come back. He had the physical courage. They tried to assassinate him twice. They tried to assassinate him twice. He took a bullet for the team. He took a bullet. How many individuals wouldn't have crawled off that stage? How many individuals stand up and what do you say? Fight, fight, fight. Because that's what this movement has. And you have the gall and the audacity. Knowingly did it. He knowingly did it. And no offense. Morning. Meeka. And the producers are not good enough. You got to jump in and cut a guy off. You're going to say that because rape implies violence. Violence. That Donald Trump's an insurrectionist and he's violent. Sexual rapist. How dare you? How dare you. What this guy's given to this country. How dare you? Boris, get him up. Drop the biggest fricking lawsuit in these people. Get some producers over at Morning Joe fired, and maybe you'll blow up her ear. Get in her ear quicker. Say no. You got to stop that. You got to sit there and you got to call him out. Don't give me some. Some legalese later. You didn't do it. You know why you want that in there? Insurrectionist and rapist. For a man who has the only individual we've ever seen on the political scene that's tried to do anything about the crisis you're talking about. And do you give him any credit at all? No, you do not. In fact, you're an obstructionist. Let me refer back to the New York Times, the paper of Record. Read it. We'll ram this down your throat. Read it. Weissman does. Lays out the entire thing for 30 years. Get Reich on there. Ask Reich. Reich, why are you dealing with these people? They're never going to change anything. If you're serious about changing it, I understand there's a bunch of stuff we don't agree with, but we do agree that the working class and the middle class have been destroyed by Chris Leonard's the lords of easy money on Wall street, the oligarchs in Silicon Valley, in the corporatist who all sold their country out. They're not patriots or globalists. All they care is about the free flow of capital and the returns on capital. And you wonder why. You wonder why Galloway sitting there. I'm not happy, you know, I struggle with happiness. You are struggle with a lot more than that, dude. Hopefully you struggle with a big hundred million dollar lawsuit. We'll make you. And you want to be unhappy? We'll make you. My mother said we'll give you a reason to be unhappy, not your whining. Stop whining. We're going to give you something really to be unhappy about. Read it. Right there. You consciously abandon them. You consciously abandon them. Reich's on the sidelines. His message went unheeded for 30 years. And now you got Fetterman, you got Rokuhana, you got a couple, three others. A couple of three. And that tire funded apparatus tried to destroy our country and came up with the weird patrol from the transgenders. All this madness, nothing but madness. Can I play? Can I play? Can I play? Galloway's One more time. The clip on the, on the rape and the insurrection and the reason we.
Scott Galloway
Put an insurrectionist and a rapist in office is because for the first time in our Nation's history, a 30 year old man or woman isn't doing as well as his or her or her parents were.
Mika Brzezinski
They're not even doing. It's not even close. They're getting crushed. Not even close. The established order has its running dogs. That and even the media. We shattered that with the, with the podcast and different streaming services. But it was the audience, you know, he sits there. One of the reasons, you know, people, oh, they had this and they thought about that and no, you didn't educate them. When you educate. I saw this at Danbury and I see in this audience, when you educate working class and middle class people and give them access to information about the way the system actually works, number one, they spit on the floor and number two, they have an awakening and Number three, they get angry. Now, that anger is then channeled into positive things, the precinct strategy, election integrity things, to use your agency in a positive way to impact and affect change. That is why Donald Trump is now won a massive victory. Why in less than two weeks, he's going to raise his hand and become the 47th President of the United States. Now, you can channel it into unproductive and angry ways, and that can be very easy. And that's happening, and you see it. And who are they? They're principally children of the left. It's Galloway students. Our students are people like that in the university credential class. Because they still don't. They're like little children. Like the guy, whoever the shooter is, he has no earthy idea. They understand something wrong, but they can't do it. So they act out. They act out they're unhappy too, Galloway, but they act out like spoiled little kids. And yes, sir, you're going to have a problem. So you either go our way or you're just going to drift and go your way, which doesn't change anything. Remember Galloway in Morning Joe and all you geniuses over there? You had the full opportunity in the first 90 days of the illegitimate Biden regime. You had all this big talk about doing the tax code and we're going to do this, and we got Elizabeth Warren and we're talking this, and all the billionaires, and it didn't even get to committee, have a hearing. I don't believe Biden's big tax things. It was just performative. You know, why? The donors, the people that control the Democratic Party, the sources of the world, they like what they've got. They like what Obama did. Obama on the forefront is the most progressive president in the history of the United States, is all performative. What he did was did economic policies and bailouts that concentrated. He put $4.5 trillion on the balance sheet of the Federal Reserve just to force liquidity through the system to save the bad guys. The bad guys still haunt us today. And let me talk about the bad guys and the geniuses and the. All these guys. There's big tech dude, at zero interest rates. It doesn't take, you know, it doesn't take a JP Morgan or a Carnegie or, you know, a Rockefeller or, you know, a Graham to make a lot of money. You were able to leverage up and basically with free money. Now, the money wasn't free to some people who wasn't free to the working class and middle class whose shoulders it rested on. And then you hit them With a double whammy later, you hit them with massive inflation. Let me go back to 19. Galloway, maybe you pull some statistics. Interest rates almost all time low. Inflation at an all time low. Employment increases with blue collar people, increases working. That's what they just did all the surveys for. These folks, the working class folks, they didn't go get a Harvard mba. They're not at Stern. Taking your marketing course. Taking your marketing course, spreading your happiness around. What'd they say? We'd like to go back to 19. These are people too busy trying to keep above water. Working two or three jobs. Trying to bridge every month with a credit card. That's a 25 to 29% APR, the interest rate. You see what the lived experience is. He and Penny's trial with the subways. You see what the lived experience of the working class, the middle class in this country. This kind of burning anxiety. They call it the anxious class, the burning anxiety all the time that hey, if I get laid off, this doesn't work out, I'm 90 days away from having a problem and basically six months away from oblivion. That's eating on people all the time. There is no security. Oh, by the way, when you get to 60 years old or whatever, that little 1,200 bucks a month, all they want on things. We can't do anything to solve the financial problems of the country. We can't do anything. We got to get to the entitlements, got to get to Social Security, we got to get to Medicare. The little bit you got going. Hey, I got news for you folks. The political class, the one contract they got is that Social Security, Medicare. And until you show them you're serious people, which you are not, and that you're not out to screw them, which you are, until you show them that they're never going to give you the contract. Even talking. That's ridiculous. It's ridiculous. You'll get turfed out of office. You deserve to get turfed out of office. They got one little thing to hang on. One little thing and you're spending trillions. You're doing this. You got all the lobbyists. You're living like the. Look at, look at Washington D.C. it's got the best boutiques. It's got guys paying cash for Lamborghinis. It looks like Paris. Life is easy there for the lobbyists. The cartels are just pigs at the trough and there's a lot of feed. You know why? Because you got a magic money machine. Because the Fed just creates it. And besides, the working class Sit there going, man, or the middle class going, man, I'm screwed. I need these credit cards to gap my expenses from the salary. Are the Brics nations, Sub Saharan Africa, the Middle East, South Asia, Latin America, all of them. They all got Steve Bannon. They all got guys went to Harvard Business school, got an HP, 12C. They can work the numbers and they sit there, go. You know, the purchasing power, this thing they give is called a dollar, keeps decreasing because they run these massive deficits and they got to refinance it. Scott Bessen, let's talk about Scott Bessen, a regular on the show now going to be secretary of the Treasury. Scott got a pretty big task in front of me. He's got to finance $7 trillion. Let me repeat that. In one year, he's got to roll $7 trillion of refinancing. That's going to be an easy one, isn't it? It's going to be an easy one. The elites, for their own greed and avarice, put the nation into this vice. And now geopolitically, we got a problem. We got problems all over. I'm going to come back. I've kind of done a couple of rants here, but I'm going to come back and talk about South Korea. And we want everybody to know we've gotten such great feedback from Colonel John Mills. We want all our brothers and sisters in Korea that are freedom fighters to understand we're going to blow this segment out everywhere. We have your back. We understand what's happening. The Chinese Communist Party is all over South Korea. They're trying to have a coup d'etat in South Korea. We have 28,000 troops there, and it's also essential to our naval operations. I spent a lot of time when I was in the 7th Fleet in and out of Korea, right, with the Korean navy supporting the Koreans. The peninsula of Korea, that's where we're on the Eurasian landmass from the Korean War. And I'm not saying we've got to rethink all that over time, but here and now, in this time and place, we're there and they're going to be held hostage. There's a major, major CCP operation in South Korea trying to overthrow that government for the Chinese Communist Party. The Chinese Communist Party is financially upside down. So what do they do? They do what all these nations do. They want to wag the dog. They're going to wag the dog, folks. And we're a Pacific power. This is a Pacific century. Morning Joe did have today the brilliant I think it's Hal Brands, or I think it's his son wrote this book, the Eurasian Century, which really echoes much of what we talked about in the war room for years and years and years. President Trump's inheriting a mess of massive, massive, massive scale. It's going to take superhuman effort and focus to get this country out of this mess. And in getting this country out of this mess, get the world out of this mess. This is far worse than the 1930s. Far worse. Not even close. This is much worse than the 1930s, the late 1930s.
John Mills
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Mika Brzezinski
Your host, Stephen K. Band Times of Turbulence I've got John Mills, EJ and Tony is going to join me about some the financial situation in China and talk about their bond market in a second. One of the reasons I think these things are happening birchgold ideas have consequences. You saw the namby pamby mumbling over there on Morning Joe this morning. You need facts and you need to understand concepts and constructs. That's what Birch Gold has been so great because Birch gold from a business perspective understand if people understand the financial situation and understand the direction of this and they understand that gold can be a hedge potentially against times of turbulence, they'll get a lot of customers. It's pretty simple. It's not a complicated process. So we've got the end of the dollar empire, the latest free installment. All of them are free. It's kind of like a textbook. Now is a modern monetary theory, the idea that broke the world and you think about everything that's going on this radical theory kind of embraced. Just read Chris Leonard's the Lords of Easy Money. Just embraced by people that this fantasy you could run massive deficits and it was like nirvana. You never have to pay it back. You never had any consequences from it. It was just. It was all a lie. It was all ridiculous and stupid. But go to Birchgold today and check it out. And then talk to Philip Paxton and the team about your own retirement, your own portfolio, what you're doing. And consider gold as an alternative. After you talk to those guys, Philip, Patrick and then Burchgold, and you can get all the other free information on brochures and what I call the instrumentality of how you do it. By going to Bannon Bann, texting Bannon B A N N O N at 989-898. The situation of South Korea is. And our brothers and sisters there. We've got your back. But this is bad and it's going to get worse, I think. John Mills, tell us what is going on. There's a coup d'etat underway driven by and inspired by the direct involvement of the Chinese Communist Party. Walk us through what's going on.
EJ Antoni
Yeah. Thank you, Steve. What's going on here? This mirrors our struggle against the globalists and the Chinese Communist Party right here in America. This is why we need to trudeau every dirty, rotten, stinking globalist wherever they are at around the world, because they will J6 everyone. So that's why this is so important. This mirrors our struggle. So in South Korea. Let's show the first slide, please. It's important to understand to the right, Choi, he is the acting. Acting president because they impeach the first two. They're trying to impeach Che now because he refused to tell the presidential police to stand down on Sunday as they attempted to serve an arrest warrant. Next slide, please. It's very important to understand we're the three centers of gravity inside of Seoul right now. To the left is the National Assembly. That's where Lee and the Democrat Party holds sway. That is, they're called the Democrat Party. And they are mirroring exactly the kind of people that we've had to deal with. So this is so important to understand this. To the right is Hanam. So let's go to Hanam. So I'm not going to show exactly where the presidential house is, but this is an enclave of where the senior ministers live. This is where the crowds have been rallying. This is where the People's Party crowds have been rallying to block the arrest of Yoon So this is where the action is at in Seoul. Next slide.
Mika Brzezinski
Slide, please.
EJ Antoni
This shows the background of some of the Democrat Party members. If you read. This is from Dr. Tara. Oh, if you read about them, what sure sounds familiar. The Clintons, Obama, same radical upbringing. It's globalist. And they wanted. They want to take a wonderful country like South Korea and just turn it into a socialist communist paradise. That's what they're dealing with. That's what we've had to be dealing with. Next slide, please. Now, what's so dangerous is also what has North Korea done? Because this, you got to look at this. The context of the worldwide team that's going on right now. And that's okay. Is now North Korea has moved their launchers into position on the dmz. Very dangerous, very concerning. Okay, next slide, please. Okay, so we're also. There's probably what's going to happen, Steve, is another arrest attempt this coming Friday. So we're very concerned about this. It's probably going to lead to violence. So the situation is very precarious. The South Korean people want to know that we have their back. You and the war room posse are getting their attention. We want to let them know we hear them and we are concerned. And January 20th is right around the corner and we'll get a real president that will provide support to them on what's going on as they try to settle this peacefully. But it's coming very close to a shooting war. Steve, that's it.
Mika Brzezinski
Yeah. Colonel Mills, just for explanation to the audience is that many of the people, not all, but there are actual Chinese nationals in these crowds in the CCP, there's like 20% of young people, I think it is, have turned against the United States and are actually have started a movement saying we're in occupying power. Remember, the Korean War has not come to. Hang on a second. The Korean War has not come to a conclusion. President Trump, that's why he said it's just a truce. It's a ceasefire. There's no peace treaty. The Korean War still was going on when I was born, right. And I'm 71 years old now. So it's. This has been going on for a while. Tell us about. Give us a minute before we go to break. I'm going to keep you around about on the other side of the football from Yun. This is a group, not everybody, but it's a group that's got some hardcore pro CCP and actually some Chinese nationals in it that are stirring up the people and turning them against the United States, absolutely.
EJ Antoni
They call us an occupying force. That's actually fighting words in South Korea. My father in law, right upstairs, 92, wounded twice in 1950. So my father in law, Chinese, Japanese American, was wounded twice in 1950. And so many Americans died and South Koreans died trying to defend South Korea from the Communists. We're going to throw this all in the trash bin now. You notice the other side when they rally and they are beginning to rally. They're showing what, transgender flags. It's crazy time. It is really crazy, Steve.
Mika Brzezinski
Just hang on. Also, South Korea is the most Christian, I think, of all the East Asian countries. Strong Christian, but the Baptists have done a great job in proselytizing their missionary work. But you go to South Korea. I spent a lot of time in Korea, owned businesses there with Koreans, have done joint exercises with the Korean navy and the Korean military. Great people. I mean, great people. Not good people. Great people. Devout, devout, devout Christians. And right now they need our. We need to have their back. Because I'm telling you, what's going on in Korea right now is a coup d'etat. A coup d'etat to start President Trump's. The Chinese are, they're evil, cunning, but they're very smart. The Chinese Communist Party, they understand they gotta, they gotta knock, they gotta cut the legs out from President Trump right from the get go or it's game, set, match against them. Short Break Mills, E.J. antoni, Mike Davis, Todd Bensman, Darren Beatty, all next in the world.
Steve Bannon
I want to 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 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 Rickards war room.com now to see the video.
Mika Brzezinski
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Episode Summary: "Slander Against MAGA And Trump" (Episode 4178)
Release Date: January 8, 2025
Host/Author: WarRoom.org
Title: Bannon's War Room
Description: WAR ROOM is the first and most comprehensive program delivering up-to-the-minute news. Hosted by Stephen K. Bannon, the show features discussions with medical experts, politicians, business leaders, and frontline individuals, providing insider insights on the latest developments.
Speaker: Scott Galloway
Timestamp: [00:00] - [05:04]
Scott Galloway opens the episode by addressing the fundamental question: "What is America?" He emphasizes the pivotal role of the American middle class in fostering innovation and economic resilience. According to Galloway, the middle class is America's greatest innovation, having historically financed and built significant advancements such as the radar, the Internet, and vaccines.
Galloway critiques the increasing income inequality, stating:
"The middle class in America is the greatest innovation in history... income inequality is usually self-correcting. The bad news is the means of self-correction are typically war, famine, or revolution."
[02:30]
He further explores the complexities of the U.S. tax system, arguing that while super earners and super owners may appear to pay more taxes, the intricate tax code disproportionately benefits the wealthy:
"The tax code, which has gone from 400 pages to 4,000... is there to screw the middle class and continue to transfer more money to the super wealthy."
[04:15]
Galloway warns of the growing number of billionaires, highlighting that the richest demographic is expanding exponentially:
"The fastest growing demographic group in America is... billionaires. We have 500 billionaires 10 years ago, we now have 2,500."
[04:50]
He concludes by linking income inequality to potential social unrest, suggesting that movements like MeToo and Black Lives Matter are targeting the wealthy as part of a broader attempt to address economic disparities:
"What are these movements? They are targeting the wealthy. We are in the midst of a series of small revolutions to correct income inequality."
[05:00]
Speaker: Steve Bannon
Timestamp: [05:04] - [05:33]
Steve Bannon responds to Galloway's critique with fervent support for the MAGA movement and President Trump. He frames the current political climate as a revolutionary moment:
"This is the revolutionary moment we're in... Pray for our enemies because we're going medieval on these people."
[05:04]
Speaker: Mika Brzezinski
Timestamp: [05:33] - [08:15]
Mika Brzezinski enters the conversation with a strongly confrontational stance against Scott Galloway and the broader media narrative. She vehemently rejects Galloway's characterization of President Trump and labels him as an "insurrectionist" and a "rapist," leading to a heated exchange.
Brzezinski accuses Galloway of failing to support the working and middle class, asserting:
"You people in that whole Morning Joe, you're the Washington Consensus. What have you done for you?"
[07:20]
She challenges Galloway's academic credentials and dismisses his comments on happiness, redirecting the focus to economic policies:
"I refer to the paper of record to back me up. This is Saturday's. Excuse me, this is Monday's edition."
[06:05]
Speakers: Steve Bannon and Mika Brzezinski
Timestamp: [08:12] - [55:33]
The conversation intensifies as Brzezinski continues to attack Galloway, accusing him of being part of the problem and undermining the MAGA movement. She claims that Galloway and his peers have abandoned the working class, leading to severe economic and social consequences.
Brzezinski asserts:
"Robert Reich's the guy waving his hand, saying, hey, guys, hey, look over here. You're not paying attention."
[07:50]
She further criticizes the Democratic Party's strategies, labeling them as globalist and elitist, and argues that attempts to address income inequality have been superficial and ineffective.
Throughout the exchange, both Bannon and Brzezinski interject aggressively, dismissing Galloway's points and reinforcing their allegiance to President Trump and the MAGA agenda.
Speakers: EJ Antoni, John Mills, Mika Brzezinski
Timestamp: [43:09] - [52:34]
Transitioning from domestic politics, the episode delves into international affairs, specifically the political turmoil in South Korea. Mika Brzezinski and EJ Antoni discuss the alleged Chinese Communist Party (CCP) interference in South Korean politics, advocating for strong support to South Korean freedom fighters.
Brzezinski emphasizes:
"What's going on in Korea right now is a coup d'etat... The Chinese are evil, cunning, but they're very smart."
[51:10]
EJ Antoni provides detailed insights into the political landscape, highlighting the tension between the Democratic Party in South Korea and pro-CCP factions. He warns of potential violence and underscores the necessity of U.S. support:
"We're in the midst of a series of small revolutions... It’s very concerning."
[48:16]
John Mills adds to the discussion by outlining the strategic importance of South Korea in the geopolitical arena and the threats posed by CCP maneuvers.
Speakers: Scott Galloway, Mika Brzezinski
Timestamp: [52:34] - [55:33]
The episode revisits earlier points as Scott Galloway attempts to clarify his statements regarding President Trump's legal issues, distinguishing between "sexual abuse" and rape. Mika Brzezinski counters, emphasizing the severity of the allegations and calling for legal action against Galloway for his defamatory remarks.
Brzezinski declares:
"How dare you call Trump an insurrectionist and rapist... You are the problem, bro."
[29:16]
The episode concludes with both Bannon and Brzezinski promoting various products and services, which are omitted from this summary as per instructions.
Scott Galloway on Income Inequality:
"The middle class in America is the greatest innovation in history... income inequality is usually self-correcting. The bad news is the means of self-correction are typically war, famine, or revolution."
[02:30]
Steve Bannon on Revolutionary Moment:
"This is the revolutionary moment we're in... Pray for our enemies because we're going medieval on these people."
[05:04]
Mika Brzezinski on Media and Washington Consensus:
"You people in that whole Morning Joe, you're the Washington Consensus. What have you done for you?"
[07:20]
Mika Brzezinski on Insurrectionist Claims:
"How dare you call Trump an insurrectionist and rapist... You are the problem, bro."
[29:16]
EJ Antoni on South Korea's Political Crisis:
"We are the three centers of gravity inside of Seoul right now... We have your back."
[48:16]
Mika Brzezinski on CCP Influence:
"What's going on in Korea right now is a coup d'etat... The Chinese are evil, cunning, but they're very smart."
[51:10]
Episode 4178 of Bannon's War Room centers on intense debates around income inequality, the role of the American middle class, and the portrayal of President Trump by media figures like Scott Galloway. The episode features heated exchanges between Bannon and Brzezinski, highlighting deep political divisions and differing perspectives on economic policies and national identity. Additionally, international concerns regarding Chinese interference in South Korean politics are addressed, underscoring the show's focus on both domestic and global issues.