
Episode 4179: The Economy That Trump Is Inheriting ...
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Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people.
E.J. Antoni
Christians not got a free shot.
Steve Bannon
All these networks lying about the people.
E.J. Antoni
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.
E.J. Antoni
In the world to stop that, but.
Steve Bannon
You'Re not going to stop it.
E.J. Antoni
It's going to happen.
Tony
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.
E.J. Antoni
Ask yourself, what is my task and what is my purpose? If that answer is to save my.
Stephen K. Bannon
Country, this country will be saved. War ROOM here's your host, Stephen K. Band.
E.J. Antoni
Okay. Wednesday, the 8th of January, Yervalor 2025. We had some technical problems. Colonel Mills. Try to get Colonel Mills back on again tomorrow. But we are on full watch on this situation in South Korea. One of our strongest allies, remember the South Koreans, not only did they obviously fight shoulder to shoulder with us during the Korean War, and the Korean War is kind of the way I look at it, is still an extension of World War II of the great conflict. Because World War II did not end by the signing of the surrender instrument in Tokyo Harbor, I think on the USS Missouri, he continued on, particularly with. Since the State Department turned over Lao Beijing and the Chinese, as corrupt and as bad as the Kuomintang was and Chiang Kai Shek, he was no beauty, right? But they turned him over to the. Basically to the Chinese Communist Party. General Marshall in that crowd, hoodwinked by the Chinese Communist Party. And we're still paying for that. And then Bush did it again after Tiananmen Square. Whole history of betrayals of one of our greatest allies, the Chinese people, not the leadership, the Chinese people. That's right. Go get Birchgold now. Understand it. Talk to Philip Patrick, give you full access. Also, don't miss an opportunity we can't have. You have a problem with your title. If somebody's getting to your title today and either sell your house, which is maybe a low probability, but take out a second mortgage, the government's already given you a second mortgage. And every household's got like a quote, $220,000 essentially a second because of the debt on your castle, you can't afford. So you're paying taxes or fees or sales taxes, whatever, kind of unbury the government from that. In addition, you can't have it either a bad actor, cyber criminal, or even somebody you know. I mean, one of the things that Dominguez Natalie Dominguez, comes these heartbreaking stories of, you know, maybe a lawyer, maybe a stepson or daughter, maybe a own brother or sister, maybe a son or a daughter. You never know. But somebody getting your title, that title, that title is a contract, just like your contract, maybe even better that you got for Social Security. So today we need you at the ramparts. We can't have you worried constantly about if something went wrong. Just go to hometitlelock.com today. Check it out. Bannon, EJ and Tony. The Chinese Communist Party is not stupid. They understand President Trump's a new sheriff in town. We're talking about tariffs. President Trump's talking about trade. All kind of very sophisticated things that Peter Navarro is working on, et cetera. Particularly do this at scale. You know, he's talking about a greater America that may include Canada. He was talking about economic power yesterday with trade and tariffs in Canada. The Chinese, which have had their own problem, their big problem is that in the beginning of the year, they wiped off, I think, $7 trillion of market cap out of their companies because you start to see the tremors that their business model is not working, which is essentially state capitalism with communist dictatorial control. Right. And the slave labor of the Lao Beijing is starting to get antsy because the model's not working out. And the overall model is to transfer that income from middle class America, to transfer it to the slave labor in China, hopefully build a middle class that would support the Chinese Communist Party. That has not worked out. They have had massive financial problems at the end of the year. And now there's this chart about the bond market. They're up to something. These are not dumb people. These are very cunning. The Chinese Communist Party, hey, to be around over 100 years and to have the number of murders that they've had and the butchery they've had, the couple of hundred million Chinese they've tortured to death, starved to death, murdered, killed, whether it's in collectivizations, in the Great leap forward in the Cultural Revolution, that doesn't include the almost half a billion 400 million miles gross numbers, 450 million murders of Chinese babies and the forced abortion. 80% of those are little girls. The hungry ghosts of China demand an accountability. But the Chinese Communist Party, anybody's hung on that long and done what they've done to their people and still around, they fall into the category in the worm of tough hombres. And they are not sitting here welcoming Donald Trump and the anti CCP element, of which I am honored to head in the MAGA movement, coupled with the Chinese patriots that have been able to flee and get throughout the world. So, E.J. tell me what's going on, because some of these charts that Kobayashi folks are putting up have got me quite nervous. And Scott Besson's got a hard enough time with $7 trillion he's got to refinance this year besides everything else that happens in this, in the two reconciliations, because there's going to be two reconciliations. Walk me through what you think through the minds of the Chinese Communist Party they're trying to accomplish, sir.
Tony
Well, Steve, that's an absolutely great summation. And essentially what we're seeing right now are extraordinary measures being taken by the CCP, both in terms of fiscal as well as monetary, so called stimulus. In other words, the government over in China is spending the equivalent of trillions of US Dollars in order to try to prop up their failing economy. And it's failing for the exact reasons that you mentioned, Steve, that they're trying to have capitalism, but only quasi capitalism with really what is state overseeing, or essentially almost like a kind of fascism where the government is trying to tell private actors and everything they can and can't do in the private economy. It clearly doesn't work. It hasn't worked. And they've been surviving off of the wealth transfer that you just described, Steve, where they're essentially siphoning wealth off of the American middle class and giving it to the people in China. But that's all coming to an end now. And so they're just spending money they don't have. Their central bank is printing money in order to pay for all of that unfunded spending. And the result is that they are issuing tons and tons of new debt, except there's no one to buy that debt. So who's buying it? The Chinese central bank. And that's why yields on Chinese debt have absolutely collapsed. We actually saw the exact same thing here during COVID Despite the fact that the government was again spending trillions of dollars it didn't have yields on Treasuries fell because the Fed essentially pledged to buy all of that debt. We also saw the exact same thing at the outbreak of World War I in Great Britain when they held, they pretended to hold really these bond rallies where they would get people to buy the debt of the British government. And that was supposed to be a sign of a people's confidence in the British pound and in the British government, the fact that the yields on that debt were falling, except it turned out that 100 years later, documents were finally released showing that the bank of England was the chief purchaser of all of that government debt. In other words, there was no confidence in the pound, there was no confidence in the British government, and it was simply the bank of England again buying all of that debt. So we're seeing the exact same thing today in China. That's why the yields on Chinese debt have absolutely collapsed. It's not because people all of a sudden have confidence in the Chinese regime. They don't. Instead, again, it's the central bank stepping in and printing the money to pay for all of this Chinese debt. Now the question is, how is this going to impact Americans? Right, because we're about America first. The problem here is that this devaluation of the Chinese yuan, the renminbi, is going to give their exporters another big advantage over American domestic producers because it's going to affect the relative value of those currencies. In other words, it will make it look like Chinese goods are even cheaper than they already are. So one of the things that the Chinese Communist Party aims to achieve right now in all of these monetary maneuvers is again, to further rob the American people of our ability to compete with them on the world stage. And this is something that was going on back during the first Trump administration. The previous Treasury Secretary, Mnuchin, was supposed to be all over it. He only was for a little bit, and then kind of gave up with policing the currency manipulations by the Chinese Communist Party. And I think Scott Bessen is gonna do a much better job than Steve Mnuchin did of really staying on top again, of all the monetary manipulations out of the Chinese Communist Party. And we're gonna have to not only stay on top of it, but we're gonna have to punish these bad actors as they try to manipulate currency markets and. And give their exporters an unfair advantage over our domestic producers. This is about protecting American industry and protecting American jobs and therefore American people.
E.J. Antoni
E.J. are they. Are. Dr. Antoni. Are they doing this to front load and get ahead of. They know President Trump's gonna come in with tariffs. They understand he's gonna renegotiate these trade deals. Are they trying to do this to get ahead of it, to make sure that they're even, not even more competitive, but they're basically loading up the debt to undercut prices. So this is where their state capitalism comes in. Is this to get ahead of what? They know President Trump with Navarro and Bessant are going to go, Steve, that's.
Tony
A great way to put it. It's very similar to when retailers will jack up their prices right before Black Friday and then they have a so called Black Friday sale where the prices are now 25% off. Okay, but you just raised the prices 25% the week or the month before. So it's not really a sale at all. The Chinese are trying, the Chinese Communist Party is trying to do the same thing here. So they're essentially going to make their exports even more artificially cheap than they already are so that when the currently proposed tariffs get actually put into place, it essentially just resets the chessboard so that they're hoping that things will be right back to where they were a month or two ago. Again, this is where I'm very, very hopeful that Trump, that Besant, that Navarro will be all over this. And one of the key ways I think that we can keep an eye on this, Steve, is something that Judy Shelton highlighted not that long ago in a recent book of hers where she talked about the currency manipulations that countries like China are engaged in. And a good way to monitor that would be to look at how much gold does the dollar buy versus how much gold does the renminbi buy. And as you see the renminbi falling behind gold faster than the US Dollar, that is a good numeraire. In other words, it's a good objective standard by which you can measure both currencies to see which is devaluing faster. Now that's not to say that the dollar has been great against gold. It clearly hasn't. That's one of the reasons why so many people, including myself, have been recommending that people buy gold as an inflation hedge. However, the Chinese renminbi has been even worse and it's a sign that they are trying to devalue their currency even faster than we have devalued our currency here. And again, the aim there is to give themselves an unfair advantage in global markets. And so you can very easily then tie a kind of tariff or a non tariff barrier to the, the relative gold price of different currencies. In other words, if you Chinese Communist Party are gonna devalue your currency relative to gold, relative to the US dollar, then we are going to impose a tax on everything you send to this country that makes up for the difference. If you're gonna allow your currency to fall, to lose, let's say half of its value, then we're gonna put 100% tax on that in order to again reset the playing field and try to put us on a level playing field. And again, all of this goes back to this idea that they are going to try to make up for the inherent failures within their system by siphoning wealth off of the American middle class, as you articulated. Steve.
E.J. Antoni
Yeah, E.J. can you hang over one second? I just want to hold you for a few minutes after this break. Beggar thy neighbor in military might. Frank Gaffney and the team over there showing that they're having a bigger military buildup for dollars than Hitler had in the starting in the mid-1930s. And now you've got the beggar thy neighbor monetary policies and the trade policies. When this all fails, and it will fail for the Chinese Communist Party, their pivot to keep, to keep the folks at bay is to point to the foreign devils and say we gotta go to war. That's why what's happening in South Korea? So South Korea to the Third World War is bloody Kansas to the Civil war or Spain, 1935. It's happening, folks. This is happening. It's happening on our watch. This is what President Trump's walking into. A geopolitical, global geopolitical fiasco exacerbated by the clowns at Morning Joe and of course the illegitimate regime of Biden. This is much, much, much more dangerous than the late 1930s by five orders of magnitude. Short break.
Steve Bannon
It'S obvious the unthinkable continues. Most Americans know something is very, very wrong. The people in charge keep telling you that everything's fine and to stop noticing, but you know better. That's why self reliant folks are investing in emergency food storage. And you should too. My Patriots Supply, the nation's largest emergency preparedness company are the ones you can trust. Go to mypagesupply.com and secure their best selling 3 month emergency food kits. Each contains 10 tasty breakfasts, lunches and dinners averaging over 2000 calories per day. My Patriot Supply also sells solar generators, gravity powered water filters, off grid room heaters for when the power goes out. They also sell heirloom seeds and survival gear. Order by 3pm and your items shipped that same day and arrive quickly on your doorstep in unmarked boxes. Go to my patronsupply.com today hope is not a plan. My Patriot Supply is a plan. Time is running out. To prepare for what's coming, my patriotsupply.com go there today. Action. Action. Action.
Stephen K. Bannon
Here's your host, Stephen K. Ban.
E.J. Antoni
As sure as the turning of the earth is going to get a lot uglier, folks, you know we've given you a heads up on everything but this one is going to quite rapidly spin out of control. Jace Medical. Jace Medical's back with us. You know, they're the guys, Dr. Sean and the team that saw the supply chain problems with your basic core medicines. That's problem has not. Nothing's been done. Nothing. Still the same problem. Go to jacemedical.com today, Bannon, and make sure you go get on the site, work it all the way through. You can't be caught short on this. Impossible. Can't do it. That's a way to lose a war room posse member. And we're going to need everybody at the ramparts. So jacemedical.com, they explained the whole thing about the supply chain. Nothing's changed. I actually would argue it's gotten worse. So they have total control and they will use that control. They're going to use every, they're going to use everything they've got in their toolbox. Jacemedical.com Bannon EJ as sure as the turning of the earth, what they're doing financially can't be successful. Here's why. The system's totally corrupt, totally inefficient. They got slave labor that's tired of it when they had the opportunity. They didn't build the consumer economy, although I thought that was a reach to begin with. When this collapses and they're not the prime reserve currency they tried to do the thing with, make the RMB in a basket, go some sort of gold backing. They've done deals, output deals with the Saudis, with the Persians for oil. They're doing the same thing with the Russians. But it's clearly not going to work. It just can't work because they're not the prime reserve currency. People don't have to take the yuan like they gotta take the dollar, right? So as this collapses, is this gonna be a chain reaction? Is this just China or do you see this virus throughout the world, this financial virus throughout the world.
Tony
Steve? It very much is a virus and very much is throughout the world. You're absolutely right. And one of the really scary things is that we are essentially seeing countries try to move away from the dollar as a way to shield themselves from, from having, from getting any kind of punishment, I guess from the United States. Before Russia invaded any of the territories around its borders, what did it do? It got rid of all its holdings of US debt and it also started buying gold. It has continued that gold buying spree and we're seeing the exact same thing out of the Central bank of China. Now China is also selling off its holdings of U.S. debt. They used to be the biggest purchaser and the biggest holder. They are now neither. In fact, now they're a net seller of US debt. That's also gonna create some difficulties in this year ahead for the Trump administration as they try to refinance so much existing debt. They have so many countries around the world selling that debt big. But still the fact remains that you have all of these different bad actors around the world who are getting off the dollar and who are stockpiling gold. You mentioned Germany in the 1930s. They did something very, very similar. So it's not good, Steve. They're trying to isolate themselves from any kind of dollar based repercussions. And again, as they continue to stockpile gold, I think that's a very bad.
E.J. Antoni
And hang on, this is what Biden did that we strongly recommend against. And I'm a huge believer in economic warfare. I think you can cut the defense budget if you're smart. But the economic warfare has got to go to the capital markets. Part of all that, what Biden did, remember what the Russians did have in US banks, it was dollar denominated. Yellen and the Biden regime, they confiscated. We didn't even do this to the Nazis. They confiscated. So therefore they're telling the Russians hey, under no circumstances got to have anything dollar denominated. This is one of the reasons you got to go talk to Birch Gold. Right now the world's central banks are buying gold or still at record rates. Don't take it from me. Talk to an expert. Go to Birch Gold today. Get Philip Patrick go online, check it out. But that buying a gold by the central banks throughout the world should not be looked at as a total positive. Folks, I understand it helps gold and helps your holdings. But hey, in the macro of it is it shows you that key players from the SWIFT system where we monitor everything and can stop their transfer of financial assets to the ability the US government for the first time. How do you think they did the last 50 billion for Ukraine? We essentially stole the Russian people's money. I hate to be so blunt about it, but we stole their money. That's not lost on them. These people throughout the world are smart and they're tough. This is why we are hurtling towards something. And here's why. It's more dangerous than the 1930s because the scale of the weaponry. You have chemical, look at fentanyl, you have chemical weapons, you have biological weapons, look at Covid, you have nuclear weapons now spreading all over. You have armies, the lethality these armies is an order of 10 of what it was in World War II. The 20th century is the most barbaric. The short 20th century from August of 1914 to the fall of Tiananmen Square and the fall of the Berlin Wall in June to November of 1989, I call that the short 20th century. That was almost a continuous war, either hot or cold. With the cold still having, the hot tap was still running. We killed, murdered, slaughtered, I don't know, 500 million people. In wars and in suppressions like the Chinese Communist Party, they will look at that as the second Dark Age. The barbarism of the 20th century is what comes out of how many people were murdered and slaughtered and died in concentration camps, were gassed or starved. Look at the Holocaust in what the Nazis did in Poland. Look at what happened in Ukraine by Stalin and the bolsheviks in the 1930s. You basically living in Kansas and they starve you to death. Look what happened. The barbarity and the cannibalism that came up in. In the starving of people and the great leap forward, the collectivization of the farms. Horrible, unimaginable. We are hurdling as sure as night follows day. We're hurtling to that right now. This is the late 1930s. We have not learned any lessons. And this is what President Trump stepping into. And thank God in heaven he's the one stepping into it. As much as that will be a curse for him to have to turn it around, think of who else you would had. I mean, think about that for a second. This is why he's providential. Yes. He's quite imperfect. Yep. Quite imperfect as all of us are. But for this moment in time, the nation could not have a better leader, and the world cannot have a better leader. But ej, I'm telling you, the numbers are flashing. It's going from a flashing yellow to a flashing red because the Chinese Communist Party, they've killed, they've murdered 200 million Chinese citizens and butchered another 400 million babies. It's almost a billion people. And they didn't. Mao and these guys don't blink an eye. Deng Xiaoping, they don't blink an eye. Xi, they don't blink an eye. You take their blood pressure, then it wouldn't be up. There'd be resting blood pressure. Resting blood pressure. You think they're going to give this up because they understand if they give it up, they're gone. They're gone, and they're not going to be gone in a good way. Lao Baijang got a lot of Built up. You think the kid that gunned that guy down in cold blood, shot him in the back of point blank range. You think they got rage? You see what's happening, you see what's underneath the surface in China, because they have real rage. The Cultural Revolution, the forced collectivizations and the hunger and the barbarity. The Chinese Chemist Party, the most brutal dictatorship in world history of what they've done to these people. And to keep them, they're going to turn and say, the foreign devils, the foreign devils brought this on us and we got to take Taiwan first. And it's going to be, we're going to take East Asia, we're starting South Korea. It's going to explode like you've never seen anything in your life. It's coming. Sure it's coming. Sure is the turning of the earth. E.J. and Tony, where do people get your social media?
Tony
Best place to find me is on X, the handle there is Ealejantoni. And Steve, real quick, one of the other things we're going to be keeping an eye out for is to see if the deep state here is going to try to do to Donald Trump and Scott Besant what they did to Liz Truss over in the uk, where as soon as their economic policies were unveiled, they immediately caused disruptions in the gilt markets. What would be the treasury markets here? Don't underestimate the deep state ability to try to do that here. And that could also be part of what's going on behind the recent rise in treasury yields.
E.J. Antoni
Yeah, we're going to get into the bond market tomorrow. I'll talk to you tonight. We'll come back to you. It's very, very, very concerning. Unlike Liz Truss, though, Bessant and Trump will actually have a plan that the capital markets will understand. Now, if you start seeing anything there, you're going to know Something's up. I 100% agree with you. The lords of easy money are not to bet. They're not going to back off control of the earth just because we say, hey, here's the plan and we want to execute the plan. E.J. and Tony, we'll go to your social media, we'll go to your Twitter. It's incredible. Thank you, sir.
Tony
Thank you, Steve.
E.J. Antoni
Okay, so you've got the kinetic part of the Third World War. Trump will have to do that. We just talked about the financial. He's going to have to do that on his spare time. He's got to deport, I don't know, 15 million people. You tell me who don't want to be deported. Todd Bensman, ground zero for that. The senator, you've got these amazing articles coming up right now and you're the guy that's been warning us about us for years. It's one of the reasons President Trump's in the White House. As your you're reporting and CIS is reporting, particularly this audience, to empower them. You are saying, guys, I know we got the border, I know you got the Rio Grande Valley, you got South Texas, you got Arizona, but man, the centerpiece of this baby is going to be Chicago, Illinois. Why do you say that, sir? Well, for one reason, Tom Homan went there a few weeks ago and was not welcomed. The mayor of Chicago basically stood his.
Stephen K. Bannon
Ground and said we are not giving.
E.J. Antoni
Up any immigrants to you or ice.
Tony
We're going to fight you tooth and.
E.J. Antoni
Nail all the way through. And Homan's response was, hey, we're coming to Chicago on day one.
Tony
We are going to take action.
E.J. Antoni
Tortation. It looks like Chicago is kind of forming a epicenter, a center of conflict between the Trump administration and these uber blue sanctuary cities that don't want to give up even their criminal aliens, which.
Tony
Is something that's unbelievable.
E.J. Antoni
Like what elected leader anywhere would want.
Tony
To inflict criminal aliens on their nation?
E.J. Antoni
But they're playing do that in Chicago, the state legislature. Todd, hang on for one second. Just hang on one second. We're hold you through the break. Todd Benson from cis, author of the leading books on this topic overrun that. It's a magnificent piece and one of the great reporters out there. Chicago is the epicenter of the deportations, the sanctuary cities. That's where it's going to come to a head short break. Back in a moment.
Steve Bannon
It's obvious the unthinkable continues. Most Americans know something is very, very wrong. The people in charge keep telling you that everything's fine and to stop noticing, but you know better. That's why self reliant folks are investing in emergency food storage and you should too. My Patriots by the nation's largest emergency preparedness company are the ones you can trust. Go to my patronsupply.com and secure their best selling 3 month emergency food kits. Each contains tasty breakfasts, lunches and dinners averaging over 2000 calories per day. My Patriot supply also sells solar generators, gravity powered water filters, off grid room heaters for when the power goes out. They also sell heirloom seeds and survival gear. Order by 3pm and your items ship that same day and arrive quickly on your doorstep in unmarked boxes. Go to my patriotsupply.com today, hope is not a plan. My Patriot supply is a plan. Time is running out to prepare for what's coming. My patriotsupply.com go there today. Action, action, action.
Stephen K. Bannon
Your host, Stephen K. Band.
E.J. Antoni
We're taking care of a small technical problem with Todd Bensman. And Todd is also we're going to reboot that because I got to get to the bottom of this. We're two weeks away from this. The trigger being pulled on the EOs. The EOs being worked on right now. Office of Legal Counsel giving the fairness opinion. So this train's leaving the station, baby. They haven't done the two reconciliations and they're not going to have the immigration border deportation legislation ready to go. I think by the time president finishes with the Senate today because Thune and Graham are on our side and others, and it finishes with the House Freedom Caucus and others at Mar a Lago on Friday that we'll be in consensus. It's got to be two and you got to get out there. That being said, the executive orders are going. Homan and Miller are going to work and Todd Benson's nailed it. And people got to focus. It's not going to be the Rio Grande Valley in South Texas. They're going to be big, but the centerpiece is going to be sanctuary cities. And the one they're going to take on, it's going to be Chicago. Mike Davis, there's breaking news. Mike, help me out here. I thought Merrick Garland, these guys are sworn. I thought they were all rule of law people and we're all terrible and we got to go to prison. We got to do this. A federal judge Cannon came in and said, look, I just want to say do a complete stand down on this Jack Smith report. This is just another way to smear Trump. This Jack Smith report. My phone's blown up. Now they're telling me that Merrick Garland has decided on his own to give it to the committee for a camera review. Can you explain to me what's going on and how could that possibly be legal? Sir?
Stephen K. Bannon
Yeah. Jack Smith brought two bogus cases against President Trump. There is the case in D.C. with D.C. obama Judge Tanya Shutkin or where Jack Smith charged President Trump for the non crime of objecting to a presidential election, which is allowed by the Electoral Count act of 1887 and the First Amendment. The second case that Jack Smith brought was down in Florida for the non crime of a former president having his presidential records in the office of former president, which is allowed under The Presidential Records Act. Jack Smith charged Trump with espionage for that. Right. And so the January 6th case in D.C. has been completely thrown out against President Trump and he was the only defendant down in Florida. The case was thrown out against Trump because he's the President Elect. But there are two other co defendants and here's what they're trying to do with this special counsel report. It is a one sided political drive by shooting. A last, a last ditch effort by Merrick Garland and Joe Biden and their henchmen Jack Smith to do this smear of President Trump with this one sided report. If they issue this report, it's President Trump can't respond to it in a courtroom, he can't call witnesses, he can't present his own evidence, he can't confront their witnesses. It is a political drive by shooting. And with the case in D.C. it looks like Jack Smith is going to release that report with the Chutkan case and then with the Florida case, the Florida case, Jack Smith, it looks like he says he's not going to release the report publicly because there are two other co defendants, but he's going to let members of Congress, Merrick Garland and Jack Smith are gonna have members of Congress do what they call an in camera review, which means a private review. And I'll tell you, for someone who's worked in Congress in both the House and the Senate, if you give members of Congress anything in in camera review, it's gonna leak out to the public immediately. This is bogus. This is unprecedented and it's very interesting. You would think as a lawyer and as an officer of the court like Merrick Garland is, he would want to be very careful because not only does he have his duties in the Justice Department, including the Office of Professional Responsibility, he also has obligations to the bars to which he is admitted. And it is unethical for lawyers to put out one sided reports like this when there aren't charges pending.
E.J. Antoni
But this is Raskin and these guys are going to get it and they're going to leak all the, they're going to leak all the, they're going to take the most stuff that Smith has slanted in the worst way and they're going to leak that to the media. So you're just going to get the New York Times and msnbc. They're going to have a mantra the week before President Trump is, takes the, is inaugurated to try to smear President Trump. I mean, that's the purpose, right?
Stephen K. Bannon
That's the purpose. That's the purpose of Mershawn In New York trying to sentence Trump on January 10th. That's the purpose of Merrick Garland's trying to release this deranged Jack Smith's one sided political drive by shooting. And I would say to these guys, have fun now. Have fun. I hope you enjoy your fun like petulant children throwing your peas against the wall. Because guess what? On January 20th at noon, President Trump's gonna get a no inaugurated and it's gonna be the Trump 47 Justice Department. And listen boys, we're gonna go from you guys being the hunters to the Trump 47 Justice Department being the hunters. You're gonna go from being the hunters to the hunted on January 20th at noon. So keep having fun, keep throwing your peas on the wall because this is gonna come back and bite you in the ass.
E.J. Antoni
The Mershon situation. President Trump credibly reformed, lost at the appeals court. I guess he can go to the New York Supreme Court. I don't know if that can he gonna go to federal court. How do you stop Mershon from doing what the, you know, MSNBC sitting there slobbering all over themselves to try to get President Trump a sentence here. How do you stop that?
Stephen K. Bannon
President Trump filed an emergency petition with the Supreme Court of the United States this morning. The Supreme Court gave Judge Merchan and Alvin Bragg, these Soros puppets, until I think it was 9am tomorrow to respond. This is on the Supreme Court's emergency docket and this should be a nine to nothing decision. If the Supreme Court has any integrity whatsoever, if they're not just three partisan hacks and six Republican weaklings, this should be a nine to nothing decision. The Supreme Court should stop this because guess what? We don't live in a country where local, highly partisan prosecutors and judges can sentence a President elect and throw him in prison, potentially. Even though Juan Rashad says he's probably not gonna do that, he left that as a possibility. We don't live in a third world Marxist hellhole where this can happen. Because guess what? Even if Marshad does not throw Trump in prison this time, what's to say that it doesn't happen next time after this precedent is set that this local, conflicted, partisan, dangerous, destructive judge, corrupt judge Juan Merchan or any other judge can tell a President elect you have to come into a sentencing hearing 10 days before you're inaugurated on these bogus charges that were brought against you. And if you're not a good boy, if you're not a good President elect, I'll throw you in prison. We don't live in a third world Marxist hellhole. We don't live in a banana republic. I know that's where Juan Merchand came from, but that's not America.
E.J. Antoni
So just process wise, I wanna make sure the audience has a critical path here. President Trump filed today Boris and the team you then they've given them till 9am tomorrow for Tish James, the geniuses at the New York Manhattan, you know, Alvin Bragg and tish James and company right to respond. 9:00am Mershawn I think it's 10:00am on Friday morning. So tomorrow's Thursday. Will the Supreme Court put a stay on that while they review this or is this a decision they can make? It seem to me they got it. This is a little complicated in the fact that you've got state law, all of that. Will they put a stay on this? So Mershawn's put on hold until they render a decision or you think this is one? They just turn around and say it ain't happening?
Stephen K. Bannon
Mershawn I think that the Supreme Court should order an administrative stay and tell him to stop all proceedings on this until this is resolved on the merits by the Supreme Court of the United States is very, very, very simple. Again, it should be nine to nothing. I don't expect the three partisan hens on the Supreme Court to go along with this. Let's just hope that the Chief justice and Justice Amy Coney Barrett and Justice Kavanaugh, let's just hope that they find and keep their backbones on this. This is a very simple ruling because think about the precedent that will be set here that a local partisan prosecutor and judge can sentence the president elect 10 days before his inauguration for non crimes. Right. And put him in prison. So do we want to set that precedent? Do we want Juan Merchand's Columbia or whatever third world dump he came from, do we want that to be imported into America?
E.J. Antoni
By the way, I want to check his status anyway and there's some something fishy about his whole status. Well that, that will leave that for another day. Mike Davis besides all the fighting and this is why Boris and the team are so important, folks, this is going to continue after President Trump's in office. Don't think these people, they will do anything, anything to stop Trump and the Trump movement. But I want to go, I'm making announcements at 6:00 today. Todd's going to be back because I need some time to go through with Todd of this Hohman Miller in Chicago. But my question to you is on the 20th we turn to action. And as you know, we're going to get into the weaponization and all the investigations. That's a whole side thing. But on this critical, this critical, you know, event in process of the deportation, mass deportation of 15 million illegal alien invaders, I know we got to, we got to investigate how that happened and who was responsible. Just the physical process. Chicago has already come out and said, the Mayor Homan went there last week and the mayor said, hey, guess what? I'm a sanctuary city. We're not. You don't have any say so here. We're going to fight and stop you every step of the way. Mike Davis, on the execution and implementation of President Trump's major promise to the American people to rid the nation of the 15 million illegal alien invaders that Biden invited in here, where is this going to go in court? Because I imagine if you look at the order of succession that we went through on Saturday, they came out the order of succession for the attorney General. The number two guy is, wait for it, the US Attorney in Arizona, who's an open borders guy, Right. So he's gonna sit there and try to thwart from the Justice Department itself, tell me how we're gonna get around this madness is gonna take place on the afternoon of the 20th of January.
Stephen K. Bannon
Sir, I think Tom Homan, who I think is a hero, has already made this very clear to these Democrat mayors and governors who go on TV and pretend like they're gonna obstruct President Trump's immigration policy and agenda. You're gonna commit a federal crime if you do that. So this Chicago mayor is gonna end up in federal prison if he does this. Because it is illegal to aid and abet illegal immigration. It is illegal to obstruct the federal government in carrying out its statutory duties to deport these illegal immigrants. There are very serious federal felonies on the books. In addition to that, there's conspiracy. If they're working with anyone else to carry out these felonies, I would say this. It'd be a great way to get rid of these mayors and these Democrat hell holes is just charge them with federal felonies for aiding and abetting and obstructing and conspiring. So go ahead and do it. I would love to see that happen because I think Pam Bondi is a pretty tough woman and I don't think she's going to put up with it.
E.J. Antoni
Mike, can you hang on for a second? I want to talk about the situation in North Carolina at the Supreme Court. MSNBC has been in meltdown over it. And one of the reasons it's so vitally important, folks, I know all the work that you do. And for the congressmen, the senators and for the president, these state legislatures are vitally important in these elections for judges. Judges on the Supreme Court of these states is vitally important. So much goes through them. So we're going to take a short commercial break. I think we've made the case for gold today. What you ought to find out is how it works for you. Go to birchgold.com, talk to Philip Patrick and team. Ask them, hey, Bannon saying these central banks are buying it more than they've ever bought it. He'll confirm that, but he'll talk to you about how you can use it as a hedge.
Mike Davis
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Stephen K. Bannon
Here'S your host, Stephen K. Bannon.
E.J. Antoni
Todd Benson is going to come back and join us. 6 I need time to go through with Todd today. Everything that's going on. Warpath Coffee. Want to know how to get jacked up to those great rants in the morning? Warpath Coffee. Go to Warpath Coffee warm. You get a big 15% discount. More importantly, don't take it from me. Take it from 6,000 five star reviews. Spend some time there's try some different coffees. The dark roast is my baby. The Mariners blend. Hey matey, because I love black navy coffee and you can drink this black and I'll put cream and sugar into it. It's that Tage Gill and the team done an amazing job. Warpath Coffee Go check it out Today, Davis, you know, Jason Miller's not going in. Boris Epstein's not going in. Mike Davis is not going in. Steve Bannon is not going to go in. Liz Harrington's not going to go in. There's Dave Bossi is not going to go in. I could go on and on of people that are going to be on the outside supporting President Trump because he's going to need it because they're going to try to drop the anvil on him. He got a great team inside. The White House is staffed up. You got the Navarros of the world, the Suzy Wiles over there putting together a great team. You've got the agencies. Mike, I know you're too humble to say it. You were the key in the first term of getting these judges through. You do murder boards better than anybody I know you're working around the clock on the confirmations right now. We need Article 3. The reason Mike's standing on the outside and not going in as the viceroy is because of Article 3. I want people to go, where do they go? How do they sign up? How do they participate? Cuz folks, we say these groups are staying on the outside or these individuals. We're all going to have groups, the War Room posse and others that are assisting to drive the Trump agenda going forward because the fight now is going to get more and more intense and nastier and nastier. Mike Davis, where do folks go?
Stephen K. Bannon
First of all, I want to say, where is my warpath coffee? My warpath whiskey? You want your warpath coffee? I want my warpath whiskey. Number two, I think that we're not going in. Steve, you just listed that cabal of people. I think Susie probably would get a restraining order if we tried to go in. So that's.
E.J. Antoni
I didn't, I didn't need, I didn't need to say that.
Stephen K. Bannon
I love Susie, but she doesn't need that chaos in the White House.
E.J. Antoni
And number three, she does not need it. She does not need it. God bless her.
Stephen K. Bannon
And you know what they got on the outside. Stephen, here's why President Trump did not have the outside support team, support structure that he needed the last time. And that is critically. That's why I started the Article 3 project, because I was the chief counsel for nominations on the Senate Judiciary Committee and I saw during the Kavanaugh confirmation that there is a major void on the right. People like you and I and others who have that insider experience but have an outsider mindset and who are fighting Irish. You're drinking coffee, I'm drinking whiskey. But we need. We need that structure on the outside. So we have. I started the Article 3 project. You can go to article3project.org article3project.org you can donate there. You can follow us on social media. The most important thing you can do is take action. Action, action, action. This is where we got put on the map is during the Ketanji Brown Jackson confirmation when I came on here and had the war room posse light up the Senate switchboard and call both of their home state senators. It melted down the Senate and that it shows you how effective we are with the Article 3 project. Teaming up with the war room posse, we really moved the needle. We have moved the needle on President Trump Cabinet picks Cash Patel and Pete Hegseth were dead on arrival. Everyone, including at the very top, thought they were dead on arrival. And then we sprung into action and three days later we went from dead on arrival to when can they start?
E.J. Antoni
Pete Hegseth was 45 minutes away from being removed, dropped, and somebody else coming in. And when people got focused on this Pete Hegseth. I don't. I'm not saying he's going to glide through, but Pete Hegseth is going to be secretary of Defense and we need Pete Hegseth. I got to bounce. I'm going to do North Carolina maybe at 6. I'll track you down later to talk about this. It's too important. But what Mike said, remember I started war of impeachment we didn't start when I first left the White House. I didn't start it until September, October of 2019.
Stephen K. Bannon
Why?
E.J. Antoni
There was no outside group at the time that was really focused on President Trump and the impeachment issue. Mike Davis, thank you so much. Mike Lindell, you've been a warrior from the beginning. Really appreciate your prison ministry yesterday. I've heard nothing but rave reviews about it. I understand they gave me a great appreciation yesterday. The radical attorney general is trying to shut you down. All your charities in Minnesota. So sell me a pillow and let me get some. Let me get some sheets from you, brother.
Mike Lindell
We got. We got a bigger surprise, Steve. Yesterday. Yesterday with the Lindell Recovery Network was down in Texas and we're working with all the prisons with mypillow and the Lindell offense. I mean, the Lindell Recovery Network and yes, Keith Ellison is attacking us. But one of the products we were coming out that was going to be supporting the Lindell Recovery Network. I've decided to offer it to the war room posse through my pillow. This is the cross I wear. You guys have all asked. You got the women's size here with it's reversible. You got the mother of pearl look on the front and then the black on the back. And you've got the one that I wear. There it is, the mycros. This is a war room exclusive. There's, I think, I don't even know how many were made. 100% made in the USA. I partnered with a company actually in Michigan. This has been going for a year. They're finally in and I decided to put it on the war room posse today. You're gonna save up to 30% with that promo code, war room, and go to the website and just add it to your order. Go to the website. There you can find out all about the micros and they. And then we have the flannel sheets, you guys, Once they're gone, they're gone. There's still every color left and the sizes. Queen size 59, 98, king size 69.98. And then we have that clearance event that's still going on. That's in the upper right. So all these things going on. But you guys gotta check out the crosses. This has probably been my most requested item over the last few years is the cross that I wear always. So it kind of coincided with yesterday's event and I decided to do it today for the war room. So 800-873-1062. My operators that can tell you all about the. All about the crosses and get you the best deals in history on my pillow. This helps us. We are under attack. Keith Ellison has come after my Lindell Recovery Network, which I spent all day yesterday in a prison in Texas. And by the way, everybody, my pillow is now going to be putting pillows in, donating them to certain prisons in Texas and a pilot program. Pillows, blankets, beds, you name it.
E.J. Antoni
Steve, we got to get you. I got to work with you. Get you a Danbury man. No pillows. Mike, thank you so much. Charlie Kirk is going to follow us back from Greenland. I believe President Trump just put out a tweet about the new ambassador. Denmark says it's a national security necessity for the United States of America to acquire Greenland. We'll deal with that at five to six. Poso at two. We're back five to seven a night. See you then.
Tony
That's why we created Sacred Human.
E.J. Antoni
Really trying to fill this gap of.
Stephen K. Bannon
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Tony
Liver being our flagship products.
Stephen K. Bannon
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Tony
And natural, your body is able to absorb these nutrients far better than taking.
Stephen K. Bannon
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Tony
Synthetic vitamin in general.
Stephen K. Bannon
So we have some other amazing products.
E.J. Antoni
But if you'd like to check us.
Tony
Out, you can go to sacredhumanhealth.com and.
E.J. Antoni
Cheers to your health.
Steve Bannon
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E.J. Antoni
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Podcast Summary: Bannon’s War Room - Episode 4179: The Economy That Trump Is Inheriting
Release Date: January 8, 2025
Host: Stephen K. Bannon
Guest Speakers: E.J. Antoni, Tony, Mike Davis, Mike Lindell
In Episode 4179 of Bannon’s War Room, host Stephen K. Bannon delves into the intricate economic landscape that former President Donald Trump is set to navigate upon his return to the White House. The discussion revolves around the multifaceted challenges posed by the Chinese Communist Party (CCP), impending trade negotiations, currency manipulations, and the broader geopolitical tensions affecting the global economy.
Bannon opens the conversation by portraying the CCP as a cunning adversary employing sophisticated economic strategies to undermine the United States. He emphasizes the historical context of US-China relations, referencing the Korean War as an extension of World War II and highlighting the continued tensions stemming from past betrayals.
Notable Quote:
“The Chinese Communist Party is not stupid. They understand President Trump's a new sheriff in town.”
— Stephen K. Bannon [00:52]
Discussion Highlights:
State Capitalism vs. Free Market: Tony elaborates on how the CCP's hybrid model of state oversight and limited capitalism is failing, leading to significant financial instability. He draws parallels to historical economic mismanagement, such as Britain’s debt issues during World War I.
Currency Manipulation: The conversation delves into the CCP’s deliberate devaluation of the yuan to maintain an export advantage. Tony compares this to traditional currency manipulation tactics, explaining how it harms American domestic producers by making Chinese goods artificially cheaper.
Impact on American Economy: Both Bannon and Tony express concerns that these economic maneuvers by China will further erode the American middle class's purchasing power and competitive edge in global markets.
Notable Quote:
“If you’re going to impose a tax on that in order to reset the playing field and try to put us on a level playing field.”
— Tony [10:47]
The episode examines the strategic implementation of tariffs by the incoming Trump administration as a countermeasure to China's economic tactics. Bannon and his guests discuss the potential effectiveness of these tariffs in rebalancing trade relations and protecting American industries.
Notable Quote:
“This is about protecting American industry and protecting American jobs and therefore American people.”
— Tony [06:07]
Discussion Highlights:
Tariff Implementation: The team discusses how President Trump plans to negotiate and enforce tariffs that counteract China's unfair trade practices, aiming to restore equilibrium in trade relations.
Monitoring Economic Indicators: Suggestions are made on tracking currency values relative to gold as a metric for assessing China's devaluation strategies. Judy Shelton’s insights on using gold as a numeraire are highlighted as a method for monitoring economic shifts.
Future Economic Policies: The conversation suggests that proactive measures, including the potential imposition of tariffs tied to currency devaluation, will be essential in maintaining America's economic sovereignty.
Shifting from economic issues, the podcast addresses rising geopolitical tensions, particularly focusing on South Korea and the broader implications for global stability.
Notable Quote:
“This is much, much, much more dangerous than the late 1930s by five orders of magnitude.”
— E.J. Antoni [15:00]
Discussion Highlights:
Military Expansion: E.J. Antoni references Frank Gaffney's analysis indicating a significant military buildup by the CCP, drawing alarming comparisons to pre-World War II Germany.
Risk of Conflict: The speakers express grave concerns that the CCP's aggressive maneuvers could precipitate large-scale conflict, likening the situation to historical precedents where economic distress led to militaristic expansions.
South Korea's Role: The team underscores the strategic importance of South Korea as a frontline in potential conflicts, emphasizing the need for vigilant defense alliances.
A substantial portion of the episode is dedicated to upcoming immigration reforms under the Trump administration, particularly focusing on mass deportations and the enforcement against sanctuary cities.
Notable Quote:
“We have to punish these bad actors as they try to manipulate currency markets and give their exporters an unfair advantage over our domestic producers.”
— Tony [10:47]
Discussion Highlights:
Deportation Strategies: The team outlines plans to execute mass deportations of illegal immigrants, targeting major sanctuary cities like Chicago. They discuss the legal challenges and resistance from local governments.
Federal vs. Local Authorities: Bannon and guests debate the legality and enforcement mechanisms, suggesting that mayors opposing federal policies could face severe federal repercussions.
Legal Battles: E.J. Antoni highlights ongoing legal maneuvers and the anticipated court battles that will arise as sanctuary cities resist federal immigration policies.
Notable Quote:
“This Chicago mayor is gonna end up in federal prison if he does this.”
— Stephen K. Bannon [41:17]
The episode does not shy away from addressing the legal obstacles facing Trump’s agenda, particularly focusing on actions taken by Merrick Garland and Special Counsel Jack Smith against the former president.
Notable Quote:
“We don’t live in a country where local, highly partisan prosecutors and judges can sentence a President elect 10 days before his inauguration for non-crimes.”
— Stephen K. Bannon [34:05]
Discussion Highlights:
Special Counsel Investigations: Bannon criticizes the investigations led by Jack Smith, labeling them as politically motivated attempts to undermine Trump’s presidency.
Supreme Court Intervention: The conversation includes a call for the Supreme Court to intervene and halt what Bannon describes as unjust legal actions against Trump, advocating for judicial restraint and integrity.
Precedent Setting: Concerns are raised about the potential for future abuses of power if current legal challenges against Trump succeed, emphasizing the importance of maintaining checks and balances.
The episode concludes with a rallying cry for listeners to support Trump’s economic and political strategies. Bannon emphasizes the urgency of taking action to safeguard American interests against both internal and external threats.
Notable Quote:
“Action, action, action.”
— Stephen K. Bannon [Various Timestamps]
Key Takeaways:
Economic Sovereignty: The necessity of implementing robust trade policies and countering China's economic aggression to protect American industries and jobs.
Geopolitical Vigilance: The importance of maintaining strong military and diplomatic alliances to prevent the CCP from destabilizing global peace.
Legal and Political Mobilization: Encouraging listeners to stay informed and active in supporting legal defenses against politically motivated prosecutions and immigration reforms.
Disclaimer: This summary is based on the provided transcript of Episode 4179 of Bannon’s War Room and aims to encapsulate the key discussions and viewpoints presented during the episode. It is intended for informational purposes and does not endorse or critique the opinions expressed by the speakers.