Transcript
Steve Bannon (0:01)
This is the primal scream of a dying regime. Pray for our enemies because we're going.
Ben Harnwell (0:09)
Medieval on these people.
Steve Bannon (0:11)
Reasons I got a free shot on all these networks lying about the people. The people have had a belly full of it. 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.
Ben Harnwell (0:22)
It's going to happen. 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 had a conscience.
Steve Bannon (0:33)
Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
Frank Gaffney (0:43)
War Room here's your host, Stephen K. Ban.
Stephen K. Bannon (0:53)
Well, one of the beauties of live television is that there are occasionally live, unforeseen moment. Steve stepped out just for a moment. He will be back very shortly. We're joined with Frank Gaffney from the Committee of the Present Danger, great pal of the war. And Frank, welcome back onto the show. Tell me something about this. Is it a memorandum or an executive order that President Trump signed on Friday? I believe that he has now prohibited the possibility of the CCP from, from investing in U.S. capital markets. That's obviously going to be a great win for maga, for the MAGA audience, and they can be very justly proud of providing the push behind. Tell me a bit about that, though. Technically, is it a memorandum or an executive order? And what exactly did President Trump commit to on Friday?
Frank Gaffney (1:46)
It is a huge deal and I think a great win for the War Room in particular, as Steve has been a leader on trying to rectify what has been one of the greatest financial scandals in all of human history, and that was that the United States investors have mostly unwittingly for years now, been having their funds, especially if they're in emerging market portfolios, transferred mostly without their knowledge, into companies owned and operated or otherwise under the direction of the Chinese Communist Party. And that would include, by the way, companies that are very explicitly working for the People's Liberation Army. It would also, of course, as we know here in the War Room, essentially apply to all other companies in the Chinese, you know, regime because they all are part of what's called the military civil fusion, which means they all must serve the military. So what the president did on Friday was he signed what's called a National Security Presidential Memorandum, nspm. That is extraordinary. It's quite broad in terms of its focus. It is not just about the capital market access that the Chinese have enjoyed Basically, since May of 2013, when a fellow, you may remember by the name of Joe Biden, he was then Vice President of the United States, and he helped engineer, as was his want, of course, corruptly, I'm sure, a deal whereby the Chinese Communist Party was allowed to have preferential access to our capital markets. In other words, they were given the opportunity to put their stocks, or for that matter, bonds and other things into our capital markets without having to comply with our laws or our regulations. That's something, by the way, no American company could, or for that matter, other foreign companies could do. But Joe Biden got a sweetheart deal. And what I think the President has said in this direction, it's a statement of intent. It's not an executive order, but it is a statement of very, very clear intent. We are going to restrict the Chinese Communist Party's access, specifically any of these companies that are in the military civil fusion business, to the kind of money that they've been getting. And that, by the way, has transformed the Chinese Communist Party into a mortal enemy that is extraordinarily powerful, not only in a host of other areas like the economics and manufacturing and trade and so on, but military power has, well been to the point, as you know, where they may well be ready to go to a shooting war.
