
Episode 4313: Disruption Of The Deep State; Holding All The Cards In The Economic War...
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Steve Bannon
After decade and finally it's time to pay the piper.
Eric Bolling
It's a fool's choice to go after Donald Trump.
Steve Bannon
And they say if you're going to.
Eric Bolling
Go after the king, you best not miss.
Steve Bannon
Zelensky missed. Trudeau missed badly today.
Eric Bolling
I'm guessing these tariffs are going to come down very, very shortly. Steve, I won't eat any more your time up. Love having you and have a great show and talk to you later on tonight.
Steve Bannon
Eric, thank you so much. Eric Bowling will be with us. We're going to do coverage of 5 to 7 with the war room. And then we're going to take a break. We'll be back 8 to 11 with all the stars in the galaxy. A real America's voice. A real America's voice. From 8 to 11. We're going to cover the speech. We'll cover the president leaving the White House, then the speech, then the return. All of it with pregame and post game. Let's go ahead. We've got a cold open I want to start with. And I'll bring in Natalie Winters from the White House. Volodymyr Zelensky says his country is ready to come to the negotiating table to end the war with Russia as soon as possible. He also called last week's Oval Office blow up. Regrettable. Zelensky's comments come, of course, after the Trump administration paused military aid to Ukraine. Here's Vice President J.D. vance.
J.D. Vance
What the president has said very clearly about our Ukraine policy is that he wants the Ukrainians to come to the negotiating table. We want the Ukrainians to have a sovereign and an independent country. We think the Ukrainian troops have fought very bravely. But we're at a point here where neither Europe nor, nor the United States nor the Ukrainians can continue this war indefinitely.
Chris
Oh, hi there, Chris. Well, that relationship is still not good. And yes, this pause in military aid, a seismic shift in policy towards a US Ally. Billions of dollars in aid now on hold. Now, as you mentioned, President Zelensky today signaled that desire to come back to the negotiating table. He wrote online that he was grateful for the US Providing javelins. He also talked about how the meeting Friday did not go the way it was supposed to and it's regrettable that it happened this way. But Chris, he did use the word regret in an interview on Friday after the meeting. What he still has not done, and the White House continues to point this out, is that he has not flat out apologized for what happened on Friday. Let's listen to more what Vice President Vance said on the Hill just a short time ago.
J.D. Vance
Look, I think the most important thing a lot of people have made this about public statements. President Zelensky needs to say that he's committed to the peace or President Zelensky needs to apologize to the president. The public stuff doesn't matter nearly as much as what are the Ukrainians doing to meaningfully engage on what a peaceful settlement would look like. We need the Ukrainians privately to come to us and say this is what we need, this is what we want. This is how we're going to participate in the process to end this conflict. That is the most important thing. And that lack of private engagement is what is most concerning to us.
Chris
So the White House again saying they have not seen that private outreach just yet. It could happen. It just hasn't happened as far as we know thus far. And Chris, it is expected to be a major topic in the president's address, the joint session of Congress later on tonight.
Unknown Analyst
I don't know. It's the Democrats suffered a difficult defeat in the last election. It was only a few months ago. Democrats are a heterogeneous, sometimes slow moving party. It's going to take them a little while as an electoral vehicle to sort of get it together. Losing parties often go through a difficult time that's pretty par for the course. But the United States, our civil society, the actors who can and should be defending democracy extend way beyond the Democratic Party. It should include churches, it should include universities, it should include business leaders, a whole range. It should include Republican politicians, quite frankly, and obviously media figures. And so we shouldn't look, at least not exclusively to the Democratic Party because this is not just electoral opposition. This is a defense of the rule of law, of the Constitution and of our democracy and all of our the good news is the United States has a lot of resources. We have a really strong opposition, much stronger than Russia, stronger than Venezuela, than Hungary, than Turkey. We have much greater raw materials to work with in terms of building and sustaining an opposition to Trump. But so far we've underutilized those resources. We everybody is sort of laying low, kind of defending their own turf and worried about what can happen to them and not speaking out. And that I think is dangerous.
Steve Bannon
Mexico, China and Canada all say they will retaliate with outgoing Prime Minister Justin.
Natalie Winters
Trudeau making a personal and direct appeal to President Trump.
Steve Bannon
Here's a big chunk of what he said today.
Justin Trudeau
We stepped up. We engaged closely and constructively with the president and his administration. We did everything we promised. We stuck to our word and we did it. Because we believe in working together to protect our citizens. Now I want to speak directly to one specific American. Donald. In the over eight years you and I have worked together, we've done big things. We signed a historic deal that has created record jobs and growth in both of our countries. We've done big things together on the world stage as Canada and the U.S. have done together for decades, for generations. And now we should be working together to ensure even greater prosperity for North Americans in a very uncertain and challenging world. Now, it's not in my habit to agree with the Wall Street Journal, but Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do.
Steve Bannon
What a session a stomach churning day.
Chris
For investors as a tariff tantrum initially sparked a sell off before a big intraday comeback. And then just the last few moments a sharp pullback here into the close. The Dow closing lower by about 700 points. That's a scorecard on Wall street. But the action is just getting started.
Steve Bannon
Welcome to this is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. You're just not got a free shot. 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. It's going to happen. And where do people like that go to share the big lie?
Unknown Commentator
MAGA MEDIA I wish in my soul.
Steve Bannon
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.
Eric Bolling
War Room here's your host Stephen K.
Steve Bannon
Band Tuesday for March in the year of our Lord 2025 there are decades in which nothing happens and there are weeks in which decades happen. I think we're in another week like this. The joint address to Congress or State of the Union, whatever you want to call it starts at 9:00 tonight. Our coverage will start at 8:00 from the White House. We will go all the way through the conclusion of the speech who have a vast global audience. Then we'll have post game coverage also with all the commentators and analysts and news people here at Real America's Voice will be wall to wall coverage. Breaking news as we're coming on the Bloomberg and Semafor are both reporting that the Russians have stepped up and committed to broker nuclear discussions to get a diplomatic resolution with Persia of this. Of this nuclear. You know, the issue with them in nuclear weapons. The Russians have volunteered after President Trump mentioned it in one of the phone calls. They then had a discussion when they were in Saudi Arabia with the team. I think it was Steve Witkoff, and the team met with some of the Russian delegation. They have now stepped up and said that they will help to broker discussions for a diplomatic solution to Persia. Bridge Colby today went through his confirmation hearing. Remember, all the complaints of Bridge Colby is terrible. Bridge Colby is hated by the neocons because Bridge Colby does not want to go to war in Persia, either with airstrikes or a land war. And of that, we 1000% support Bridge Colby. He wants to pivot to East Asia. Now, we got a little bit of difference in how hard you go, but Bridge is a safe pair of hands. And right there, as we said, and I reiterated on Saturday night when I Talked to Israel. 365. There is absolutely no need, no need at all for us to get into another land war in the Middle east, and particularly against Persia. It would be absolutely ridiculous. There are many, many other ways to get there and to get a solution. Of course, the Russians have stepped up, I would say. I think that is the Trump effect. Natalie Winters, you join us from the White House. You saw that coal open meltdown on President Trump's tariffs. And I gotta say, I thought Trudeau had a pretty good talk to the Canadian people. He's pretty straightforward. He said, hey, this is gonna be hard. This is gonna be very hard, and we gotta figure out how we're gonna get through it. But everything from, you know, the pressure being put on President Trump. Of course, President Trump, after Zelensky apologized and said all the right things, I think, has concurred. And there may be some discussion tonight at the speech on the. On the economic deal. As you know, we're not huge fans of that, but we understand President Trump is being the peacemaker here, as he is with Persia. So what do you got for us from the White House, ma'am?
Natalie Winters
Yeah, I mean, I think it's certainly another negotiating victory from President Trump. Right? Whether you're talking things like the art of the deal, all things tariff, all things trade, war, Denver, I can hear myself in my ear. So if we could stop that, that would be great. Anyways, I digress. Sorry, Steve, the audio is really awful. But I want to drill down on the State of the Union tonight. Can we. I'm sorry, Steve, I can't.
Steve Bannon
I can.
Natalie Winters
You have done.
Steve Bannon
To reboot my connection yeah, yeah, yeah, yeah. Let's go and reboot it and we'll come back to Natalie tonight. It's going to be tonight. President Trump is going to leave the White House about 8:30. Our coverage will start at 8:00 Eastern Standard Time. President Trump will leave the White House with the first lady. My understanding the first lady at about 8:30. Speech is going to take about 9:00. Remember this kind of some, some, you know, President Trump has announced, he walks down the aisle, the handshake, all the standing ovations and the speech is supposed to last, I think approximately an hour. President Trump always normally goes what we call off the glass, off the teleprompter for a while and kind of, you know, does his own thing as he gives comments on news of the day or more emphasis. There's all types of stories out there about some of the Democrats are going to try to disrupt it. I think maybe even, maybe even they are getting, getting pushback on that. But there may be some disruptions tonight. Of course, many members of Congress going to bring their various people with them. I think a lot of these folks have plus ones. So they'll be in the audience. And of course, President Trump's going to bring some surprise guests. I'm sure he'll announce that. Let me go back to this. It appears that Zelensky and you heard in the open, you heard Vice President Vance talk about it, that you know, Zelensky has tried to kiss and make up. He's tried to say that he's a trustworthy guy and you can do a deal. I don't believe any of that. I was on Sky News a little while ago, shot shocking the British. They were absolutely appalled when I called Zelensky a punk and a crook because he is a punk and he is a crook. But I understand that President Trump, who is magnanimous and President Trump who has a, who has a larger, you know, a larger set of issues to try to bring peace. But let's not bury the lead. The lead shows in a rapprochement with Russia how the world can be right now we're on tenterhooks in the Mid east and it's not just about the Muslim Brotherhood in Hamas in Gaza. It's not about Hezbollah and the fighting's taking place in southern Lebanon. It's not even about the new incursions and all the concern people have in Syria. Right. Since Turkey, since Turkey took down Syria and crushed Syria, really the threat of war there is about a general war in the Middle east around Persia, particularly Persia's nuclear weapons capability. It's been reported by Bloomberg and Semaphore that the Trump administration is in discussions with the Russians about brokering. The Russians have volunteered this about brokering diplomatic discussions, essential talks to somehow unwind this issue of nuclear threat in the Middle East, a regional threat. That's progress, folks. That is what we call beating swords into plowshares. That's what President Trump is about. He's about peace and prosperity. And all the jackals in NATO and all the jackals in the EU and all the big talk in France and in the United Kingdom, they're going to do this. They're going to call their bluff, Mr. President. Call their bluff. Put up or shut up, the United States has been putting up for a long time. It's time for NATO and the EU to go to their people and tell them about what the economic hardships would be if they would do this. Because right now, they're completely lying to them. Okay? Markets were on fire today. I think the dow ended down 700 points. As people settle in on this, what can only be called, as Warren Buffett says, economic acts of war, of these tariffs to both get the attention of the Canadians and the Mexicans and also the Chinese Communist Party and the European Union ought to be taking notice, too. On day one in a new day in America, a new economic model. President Trump will talk about disruption tonight and is a joint address to Congress. We're gonna take a short commercial break. Johnny Khan takes us out. We'll go back to the White House in a moment. Have you seen the news from economists forecasting a depression? I'm not talking recession. I mean depression. By the year 2030. We're in a perfect storm as Social Security and Medicare hit a breaking point with the largest generation hitting retirement. A smaller workforce means a smaller tax base. Pair that with our growing national debt and rising cost of living and you got a problem. And I mean a big problem. So what are you going to do now to protect your family for the future? Gold is a safe haven in hard economic times. And Birch Gold makes it easy to diversify a portion of your savings into physical gold. Birch Gold will help you Transition an existing IRA or 401k into an IRA in gold, and it doesn't cost you a penny out of pocket. Protect your future and protect it today. Text Bannon B A N N O N to 989-898. Get your free info kit on gold and a copy of the Ultimate Gold Guide for the Trump Era. 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Eric Bolling
War room.
Steve Bannon
Here's your host, Stephen K. Band. Okay, so many things happen today. Positive news out of the Middle east with Persia. Zelensky has agreed to sign the deal. There's been no security guarantee, is my understanding. And we will be all over that. That is what Zelenskyy was trying to be a punk about the other day and got shown the door. And I hope no one is acquiesced. I'm sure President Trump is not. But you never know kind of what is whispered in people's ears. So we'll drill down on that. I'm not, I would say I'm not particularly excited about getting into an economic relationship with Ukraine. As you know, we're big believers in just walk away. We've done all we can do. We've done all we should have done. We've done more than that. It's now Europe's issue. President Trump should focus on the rapprochement with Russia. And you see what happens. You see what happens. One of the thorniest issues we have in the world is this whole controversy about Bridge Colby today. Bridge Colby Tucker and Kurt Mills and others have been saying, hey, we can't get sucked into another land war in the Middle East. You know, we had the disaster in Iraq, the disaster in Afghanistan. We can't do that. And that's been this huge controversy. And by the way, I think Bridge Colby did a very good job, and he will definitely be confirmed by the United States Senate. I don't think that's any doubt. But right there, you see with the beginning of a relationship, and you can't, you know, the Sky News asked me today, what, do you trust Putin? I said, no, I don't trust Putin. He's kgb. I don't trust him at all. Just like Churchill didn't trust Joseph Stalin. So don't sit there and ask me some pimpy question. Okay, Natalie Winters, let's go back. Hopefully your audio, your tech issues are solved. Set the stage for us today, ma'am.
Natalie Winters
Well, I think to set the stage, we have to really do a compare and contrast and just juxtapose where we'd be if we were standing right here, although I probably wouldn't be standing on the White House lawn. Had Kamala Harris won, you know, they would have authorized the lawn range missiles, right, for use in Ukraine. They would have plowed through who knows how many more billions of dollars that conflict would be beyond the point of return. Who knows if this country would still even be standing. In contrast, right, you have President Trump, who in what, about one month has been able to really, through a myriad of geopolitical and global affairs, been able to, I think, turn the tables and reverse course on something that I think, frankly, we didn't even know was truly possible. And I think the Ukraine flashpoint, you just sort of extended that to what's going on with Russia and Persia is sort of the other side of the coin of that. Obviously, tonight he is expected to announce that he will be signing on to that mineral deal with Ukraine. I think we've always sort of taken the line that I think it's sort of a poison pill or it's a dangerous trap in terms of the fact that they've destroyed Ukraine so they can rebuild it in the line of, I think, a kind of war World Economic Forum, globalist, global government model. And when you look at the entities that are involved in the rebuilding of Ukraine, that's of course, blackrock and JP Morgan, they've treated it sort of as a sovereign wealth fund investment type venture. I think the fact that the United States is somehow going to be embroiled in all of that isn't necessarily, you know, what President Trump's most loyal of supporters want. But as you've always alluded to, right, it's leadership. It's compromise. And I think we've sort of seen that play out time and time again. And I think that the theme of his speech tonight, which dovetails with so many of the guests that they've announced, so there are still some surprise guests that we will be seeing soon. I think it really shows a reversal of the kinetic warfare that the Biden regime was waging on the American people by allowing an invasion of what, 400,000 people a month. Now we're actually deploying troops to the southern border. I think we've seen a reversal of information warfare, right. Whether it's the White House Correspondents association getting kicked out, new media now having a voice in the briefing room. And I think most poignantly, we've seen the reversal of economic warfare. Right. Instead of inflation being, you know, absolutely waged against the United States and against the average American working class. Of course, dovetailing with immigration policy. Now we're actually seeing whether it's the tariffs or mass investment or frankly even I just think continuing to sort of stop this endless flow that just pouring out of fund after fund, aid package after aid package to Ukraine. So you're seeing a reversal, and I think it aligns quite nicely with President Trump's obviously America first agenda. But you're seeing it on full display right now. And I have to say it's not a very happy mood right now in the briefing room. I think there's a lot of sad Ukraine diehards in there who are sad they're not going to be getting more aid packages, or I guess maybe they've just drank the Kool Aid and they think that democracy is going to be over tomorrow.
Steve Bannon
Natalie, what's the feeling at the White House? Look, there's a world of problems, obviously. You know, President Trump started the terror, started the kind of economic warfare part last night. He's trying to set things right. You got troops on the border. They just announced, as you said, the lowest ever. We've shut the invasion down in under 40 days. Not the years they told us it would take. But what's the attitude among the staff and the people that support President Trump? They work for him every day. What is it? What's the feeling?
Natalie Winters
Well, I don't think there's probably ever been a president who's walked in what, the first month or so of their administration who's been able to walk and give a joint session address with the number of accomplishments that this administration has. And in part it's because of, I think, the wonderful work that President Trump has done. But I also think it's because of just the absolute, very, just awful deck of cards, rather hand of cards that President Trump was dealt right from Joe Biden. The stolen election, I guess, had a diminishing returns. But I will say I think it is interesting to sort of answer that question, too, to look at how the other side is reacting to it. There's a mass demonstrations going on across the country today. There's a huge one going on right right now outside the White House. There's obviously massive demonstrations going on at the Capitol, too. They're all saying, of course, that it's spontaneous and organic. We know that that's textbook color revolution tactics in terms of the fact that they're trying to astroturf these, this idea that there's so much grassroots opposition to what President Trump is trying to do. We've seen this, of course, with the idea that all of these protesters that are popping up at these town halls are just, you know, random nonpartisan individuals. Turns out that they're being bankrolled by groups that we've really highlighted here in the war room, groups like MoveOn and Indivisible. I think Black Lives Matter. A lot of these sort of swampy, shady, dark money, Arabella advisers, George Soros, you know, esque groups are now sort of assembling outside the White House. But if you really look what their big gripe is, what they're sort of attacking this administration for, I've seen all the signs. They're attacking President Trump for being a felon and they're saying that Elon Musk is a billionaire. They don't really have that much to hurl against this administration because I think they can't accept it, but he's actually been quite successful. And if they really want to protest against, I don't know, something as controversial as peace, which seems like in the Middle east or in Ukraine, then I guess they would really just be finally admitting how anti humanity and pro death that they actually are. But I think the best way to sort of reverse engineer the successes that President Trump has had is just how short the list of complaints of his largest detractors, which maybe you can overhear. They're not too far away from me, actually, are.
Steve Bannon
Natalie, do you anticipate in the room tonight, there's been a lot of discussion about, and particularly on MSNBC all day, about potential disruptions by not, not protesters that would slip in somehow as a guest, but about actual Democratic congressmen, particularly people in the House, actually being disruptive during President Trump's address to the nation. Any thoughts hearing from the White House or your own thoughts, ma'am?
Natalie Winters
Well, I hope that's a rhetorical question because of course. Right. I think the kind of mindset that plagues Democrats right now is that they can't normalize Trump. Right. That was obviously the 2016 playbook. Now we've seen a sort of more intense and I think more akin to the sort of global color revolution tactics where they're astroturfing this idea. They're very rejective of the idea of something called anticipatory obedience. There's a historian who Rachel Maddow has on all the time sort of undergirds a lot of MSNBC's coverage. And in his book, the concept of anticipatory obedience. Right. Prematurely obeying evil dictator. President Trump is how this country slips from democracy to full blown autocracy. So sort of through that paradigm, I think they then justify, if not absolutely mandate, at least from the far left flank of the Democratic Party, that they do not treat President Trump like a democratically and popular vote elected president because they can't normalize him. Otherwise they are enabling, right, the backsliding of United States, of American democracy. And I think you sort of see it on full display right in the social justice, you know, ally, if you're not with us, you're against us, that whole kind of mindset. But that's now playing out on the more, I think domestic and democracy political front. So I think that you will definitely see people stand up and try to disrupt and agitate because not just, I guess it's their tradition and their culture, but it serves a bigger purpose. And Steve, I think signal, not noise for our audience, though of course there is going to be opposition and demonstrations against him. Pay attention to how much the mainstream media amplifies it. I don't know about you, Steve. Have you ever seen the mainstream media cover the fact that our audience, our posse, is always showing up at these town halls nuking CR after cr? I don't think so. But then a group a tenth the size of our audience shows up, obviously bankrolled by Soros linked groups. And suddenly they get nonstop coverage. Right. They even have the small, little square, square box in the corner of Rachel Maddow's screen trying to make it look like there's mass demonstrations everywhere. So even if there actually aren't demonstrations, I think that to sort of fit the narrative, it doesn't actually matter if anyone shows up. You're going to see a continual hyping of this idea that there's such staunch opposition to him because then they have more not just moral, ethical or political justification to sort of oppose him using these outside of the system tactics. But it just helps to, I think, sort of ferment the resistance, which, you know, they're not going to give up all that easy.
Steve Bannon
Natalie, fantastic hit. What's your social media, ma'am, so people can get you between now 8 o'clock when you rejoin us.
Natalie Winters
Natalie G. Winters on all platforms.
Steve Bannon
Thank you, ma'am. We'll see you back here at 8. Fantastic report from the White House, our own Natalie G. Winners. Okay, we're going to have Philip Patrick is going to join us here momentarily. We're going to talk about markets today, particularly President Trump's address, what people are looking for. John Gardner, who is an expert on tariffs and particularly how we rebuild American manufacturing. And his take on it is different. You don't need Taiwan Semiconductor, you don't need Apple, you don't need Honda. Those are all great. He's got a solution. How we do it with small manufacturing to return America Contour manufacturing powerhouse. Take your phone out right now, particularly on a day like today. The dow finishes down 700. Text Bannon B A N N O N at 989-898. Go to Birch Gold and get the ultimate guide to investing in gold in precious metals in the era of President Trump. This one you do not want to miss. It's all free. Free. You can read it, study it and then talk to philip patrick birchgold.com Bannon get to the experts to get an expert's opinion. Short commercial break Philip Patrick on the other side, I've been telling you about a very serious threat to your home equity home title fraud. One document, a fake notary stamp and about 40 bucks and your title is out of your name and into someone else's and the scammer who took it will take out loans or even worse, sell your home behind your back. You have to protect yourself. The best way is home title lock's million dollar triple lock protection. Now this service gives you 24. 7 monitoring urgent alerts of any changes and if fraud happens they're US based restoration team will spend up to $1 million to fix the fraud and restore your title. Go to hometitle lock.com use my promo code Steve25 to save 25% and get a free title history report to make sure you're not already a victim. And make sure you check out the million dollar triple lock protection details when you get there. That's hometitlelock.com promo code steve25 hometitlelock.com, promo code steve25 do it today. And let me remind you this service is 24. 7 monitoring urgent alerts of any changes. And if fraud does happen, their U S based restoration team will spend up to $1 million to fix the fraud and restore your title. Do it today. Recession a stomach churning day for investors.
Chris
As a tariff tantrum initially sparked a sell off before a big intraday comeback. And then just the last few moments, a sharp pullback here into the close. The Dow closing lower by about 700 points. That's a scorecard on Wall street. But the action is just getting started.
Steve Bannon
Welcome to okay, it was a wild day not just on Wall street, but in global capital markets. President Trump at midnight last night at 12:01am Eastern Standard Time put in the 25% tariffs in Canada, 25% tariffs in Mexico, and I think it's supposed to be 10, but I think he said 20% tariffs. And China, and of course China said flat out, hey, we will fight you to the bitter end. So they're, they're on their game on Philip Patrick, on a day like today, what should, what should people know? I guess gold went to 2925 and backed up was a 2915. But it's near another all time record high on massive volume. What's going on in the capital markets, sir? And how can people start to think through what they should be, what they should understand about gold as a hedge?
Philip Patrick
It's interesting times to say the least. I saw an interview with Warren Buffett recently and he was asked about the general state of the economy and he said it was the most interesting subject in the world and then declined to comment even any further. So I thought that in on itself was very telling. But, you know, volatility is the name of the game. As you said, tariffs went live today. These are the most extreme tariffs in living memory. It's 25% tariffs on Canadian and Mexican imports today. He also implemented a second round of 10% duties on Chinese imports, now pushing to 20% total. As we expected, Canada hit back immediately with 25% tariffs on about $21 billion of American goods, specifically poultry, beef, fish and other food, along with textiles and furniture. China hit back as well with tariffs on food and agricultural products. I think there's a reason that Buffett recently described tariffs as an act of war. They tend to escalate in this tit for tat manner with ultimately no clear winners. But what I thought was very interesting was Canada and China specifically targeted the American farming sector. If we look at the top 10 agricultural states in the U.S. they're all red states, with the notable exception of course, of, of California. So, you know, for me it's interesting, right? I think, you know, these retaliatory tariffs are designed to pressure Trump's strongest supporters in the heartland. Now Trump's convinced that other countries are going to bear the costs. It's not entirely correct. Look for products where shoppers have a choice, right? Think avocados. They're probably going by American over Mexican. But there are many sectors where there is little or no competition. Think electronics, cars, appliances. Prices in these sectors tend to rise 50 to 100% on the back of the applied tariff amount. So other nations will suffer for sure in the form of lost sales where shoppers have alternatives, but where they don't, we're going to feel that as consumers, of course, financial markets hate volatility. Tariffs will create volatility and we're seeing that at the moment. So it's an interesting time to be alive, an interesting time in financial markets. But volatility is the name of the game and I think it'll continue to be so.
Steve Bannon
So with volatility going to be the name of the game, 1000% agree with you because we're just getting into it tomorrow. Just as a news update, Elon Musk has been invited to meet, I think the Republican conference at 7pm tomorrow night to discuss, to discuss where they stand with Doge. Because we've got to get some serious decisions here on the CR, whether it's going to be end of the year, 30 days or the Doge cuts going to be included. My big fear is that the Doge cuts, I don't think in reality are anywhere near where people think they've got to be. And now it's down to, you know, seriousness about where we're actually going to cut this spending. Because you know, Philip, until we stop the Keynesian overdrive of this massive stimulus that we're giving the economy every month, because we're setting like monthly records for the deficit we already have baked in right now a $2 trillion deficit this year alone, you're going to have more volatility. So what should people be thinking about? I mean, should they be coming and talking to you? What should they be reading? They should be discussing on this because this is going to get, you're going to have 700 days and by the way, it's going to go up and down. But you're going to have extreme volatility in the bond market, you have extreme volatility in the stock market. I think you're going to have volatility in the real estate market. Every asset is going to be bouncing around. So what is your recommendation?
Philip Patrick
Look, I think first of all, everyone needs to stay informed. That's why this show is so important. That's why they need to reach out and get the end of the Dollar Empire series. It hits so many of these big topics at a very high level. So I think everyone needs to get educ. Ultimately, this is a climate for precious metals. We have to understand what we have done over the last 15, 16 years here in the United States is created a massive debt fueled bubble. President Trump and the team are going to have to try and work it out. But I think ultimately some air is going to have to come out of that bubble. If we're going to start to move to rebuild. We need President Trump and the team to have the time to execute their economic plan. And in order to do that, you know, we're going to have to get a curb on spending and get things under control. But at the end of the day, as you and I know, precious metals in climates like this, they are a safe haven, asset, and they perform. There's a reason we are setting records every five days this year with, with higher prices. And it's being driven, you know, by demand from central banks, by demand from investors. And we expect that to continue. Median predictions now, you know, gold, anywhere from 31 to 3,300 announced by the end of this year. I think it could push those limits as things start to get more volatile. So everyone needs to get reading, stay educated and call the Birch Gold Group.
Steve Bannon
When you say 15 or 16 years, correct me if I'm wrong, but that's basically back to the financial crash of 2008. And what the established order did to save themselves is basically a massive influx of liquidity for people that had real assets, people that had stocks, bonds to make sure there wasn't a collapse. And that's where we've been. We've had this really asset bubble. The only time you've had any really restrictions of taking liquidity out of the market was for that, I think one year or 18 month period when Janet Yellen was Federal Reserve chief and she basically took $1,000, she did quantitative tightening. It took a trillion dollars off the balance sheet of the Fed. That was in the year that President Trump, I think put up three, three and a half percent growth in 2019. But your point is we still have not come to resolution on the financial crisis. We just had a debt fueled recovery and at some point in time we're going to have a margin call. And that's why gold right now is looked at as an alternative store of value. I guess you would say it's exactly correct.
Philip Patrick
It's exactly correct. And there's a reason that the middle class has been decimated throughout that time period. There's something called the Cantillon effect, and I think broadly it explains why we're in the position we are. When money is printed, it goes through the banking system. The first thing it does is it inflates asset prices as it bleeds through into the broader economy. It of course drives the price of everything we spend our money on, like ads and bread and everything else. That's why it creates more economic disparity. Those with assets they benefit from the growth in asset prices and then they lose in terms of higher prices. Those that don't have assets, they just lose and lose and lose. And that's why it is so important to get a handle on these problems. And like I said, in order to do that, I think some air has to come out of the bubble and we have to start rebuilding. And that's what President Trump and the team are committed to doing. But as you and I have discussed, it's going to be a very tough job.
Steve Bannon
Kobayasi newsletter over on Twitter, which I think is excellent. If you're on Twitter, you should follow it. Breaking news, U.S. treasury Secretary Bessen says, quote, there is no signing plan, unquote, for minerals deal with Ukraine. Per Fox News reporter on X just three hours ago, Reuters reported that Trump and Zelensky were planning on signing the deal today. So latest on that, looks like no signing may have come to terms. Agreed, but no signing. So still away from the lip to the cup. Philip, if people want to find out more and I strongly recommend what you do is talk to the experts at Birch Gold. We try to give you tons of information, make sure that you understand in this, you know, whether it's debt, deficits, the modern monetary theory, all the intellectual background from it. We're very proud that a professor, I think, at the University of Arkansas, finance professor, is now making required reading of his finance students. So everybody out there that didn't major in economics and finance in college should feel pretty good that what we've been giving you and you guys have been loving is college level finance. Philip, where do people go to get to you and your team, though? That's what I want to make sure people you've got great brochures about investing during the era of Trump. We got the end of the dollar empire. We're partners in this effort because I wanted to get as much information out free to people. And you guys were amazing about turning over your analytical team. But where do people go to get access to you and your team?
Philip Patrick
Yeah, so it's very simple. It's birchgold.com Bannon or they can text Bannon to 989-898. That'll get them guides on how and why to invest in gold under Trump administration. And important the end of the Dollar Empire series. And they can reach me on social media. It's Philippatrick on Getter. I'm trying to put out as much current information on the economy as I can. So Illipatrick on Getter there.
Steve Bannon
Thank you, brother. Fantastic Remember, take your phone at Bannon at 989-898. Get the free brochure investing in gold in the Era of Trump. The Ultimate Guide. Not kind of a guide, the ultimate guide. Philip Proctor, thank you so much. I know during a trading day it's tough to get you away from the desk. Thank you so much, sir. Appreciate you.
Philip Patrick
Thank you.
Steve Bannon
Steve, do we have time to play the clip on tariffs? Can we go and play? Let's go and play the cliff and I'll probably bring John Garner in after the break. Let's go ahead and play it.
Justin Trudeau
And now to my fellow Canadians, I won't sugarcoat it. This is going to be tough, even though we're all going to pull together because that's what we do.
Steve Bannon
This is a hammer blow to the Mexican economy. It's a hammer blow. I think within 100 days, Mexico could be in a major, I don't know, recession or depression. He's done this for many reasons. One is to get their attention on about the fentanyl labs and about the cartels. And I think you're about to see, you know, Trump is winding down and negotiating down to get out of the kinetic part of the third World War for the forces in Ukraine and in Europe and in Russia and the Eurasian landmass. He's going to negotiate now with the Persians as the Russians looks like they could be intermediaries about that nuclear situation. But down in Mexico, I'm telling you, just those guys should go pull the news stories how it turned out for ISIS, because between the Striker Brigades down there, the 12,000 combat troops and combat logistics that Pete Hexa, Secretary of Defense, has put down there, that's not for sealing the border. The border right now is technically close to being secured. We got to build the wall, we got to put other people down there, make sure this never happens again. But I'm saying for at least an immediate operational basis. And they told you it can never happen. You had to pass the Senate bill, you had to do all this. That was all a lie. All misrepresentations by the Republican establishment playing the game with the Democrats. And remember the core issues, basic issues, root causes is the phrase, root causes. You had to do the root causes down Central America. Turns out you didn't. What you had to do is get attention to people and take some action. President Trump did that. These tariffs, though, also are the economic reset, the new economic model. John Gardner, our next guest after the break, came up with this concept of external revenue service that up until the beginning of the irs. The whole burden was not put on American companies, American entrepreneurs and particularly American citizens called taxpayers under McKinley and all the way back to Hamilton. It was really financed from overseas, from customs fees, duties, tariffs. You name it, baby, that's what they did. That's why the Boston Tea Party, all these things were so big about trade, right? And about contraband. John Garner is going to sit. Tell us about tariffs, the power of tariffs to bring manufacturing jobs back. You cannot divide what happened with Taiwan semiconductor manufacturing, what happened with Apple with these hundreds of billions of dollars of advanced manufacturing coming back to the United States. Unless you think about the tariffs and the threat of terrorists of President Trump had short commercial break we're going to return in the war room on the day of, by the way, Fat Tuesday. Here in the war room. You wish you could have invested in the stock market last year when investors scored the highest profits in decades. But between that mountain of bills and credit card debt, you had nothing, and I mean nothing left over. It's time to stop letting debt hold you back. Let me tell you how Done With Debt can help. They have a brilliant new strategy designed to tackle your debt and put cash back into your hands so you can save and invest and build the life you've been wanting. Done With Debt goes head to head with credit card and loan companies. Their team of negotiators and legal experts work to significantly reduce your bills, eliminate interest and erase penalties. This frees up cash to invest while the stock market is still hot. The bottom line is this Done With Debt helps turn crushing debt into financial freedom. That's crushing debt into financial freedom. But some of their strategies are time sensitive, so don't wait. Start building the life you deserve. Visit donewithdebt.com and talk with one of their strategists. It's free. Go to donewithdebt.com that's donewithdebt.com here's your host, Stephen K. Ban gonna try to squeeze every penny out of you because they have a massive deficit and President Trump's gonna try to get this sorted tomorrow night. Elon Musk is going to go to Capitol Hill right now. It's been reported to meet with the Republican Conference. The one question I think people are asking is, yo, dude, the Pentagon, $80 million not enough. We got to find out what's real in Doge. The firing for effect has been amazing. Democrats on the back foot, people loving it. But we got to have some reality. I mean, promised a trillion dollars. If it's not a trillion dollars, that's okay. Just tell us what it's going to be because this is going to determine the negotiation over the CR tax network USA tnusa.com Bannon you get a free consultation and even more. Or call 800-958-1000. Do not let the letter from the IRS sit in the desk. Please don't let that happen. That's a no win. Not saying they can take everybody on. They don't commit to take everybody on. But you get a free consultation. 800-958-1000. Take your tale of woe to them. They've heard it all before. So make sure you go Tax Network USA Peter McElveen a hat tip in London, of course I did the live Sky News broadcast today. I'll play a little of that in a second hour. Their heads were blown up because I called Zelensky a punk and a crook on live British television. I don't think they've heard that for a while. But you've been doing tremendous work here in the United States from your broadcast and we pick it up every day and put you on our platform every day. You've been doing great work. Cta, what is it? What has been the resolution? Been a great victory for you and the Trump administration, sir.
Unknown Commentator
Well, thank you, Steve. It's been the Corporate Transparency act. And yeah, I know you became aware of this and had me on maybe over a month ago and this was a reporting issue. You register your company at the state level and this was a huge overreach by the federal government that they wanted every small and medium company to register on their database. And if you look at small medium companies, it's over 40%, 45% I think of us individuals are employed with small companies. So this was massive overreach. The federal government have no right to ask about this. And you want wonder what would have happened to that. Now President Trump had posted on Truth Exciting news this was yesterday. The Treasury Department has announced that they are suspending all enforcement of the outrageous and invasive beneficial ownership information reporting requirement for U.S. citizens. This Biden rule has been an absolute disaster for small businesses nationwide. And of course if you didn't register then you were liable to fine to $591 per day and up to two years in jail. So FinCEN have the financial Crimes Enforcement network. I don't think any small business owner expected to have to register with a Financial Crimes enforcement network. It seems to be that everyone was guilty unless proved otherwise. But that was the push from the federal government, from the Treasury. Every small Business would have had to go on this huge, huge database. This has been held. The law still stands, but basically there are no repercussions, there are no penalties, there are no expectation to do that. And if you don't, there are no penalties. So the next step will have to be to look at removing. But at the moment the treasury have said, which President Trump reported yesterday, they will no longer be enforcing this crazy overreach of legislation.
Steve Bannon
Brother McElveeny, I can tell you that it was your show and the consistent you had guest on and continue to talk about and come on War Room that had a major impact over here with Scott Bessant people at the treasury and at the White House. So everybody wants to say thank you, particularly entrepreneurs. You nailed it. Another burdensome, you know, overregulation by the administrative state. Sir, I know it's late in London. How do people get to the show? Everybody's gonna want to watch it now.
Unknown Commentator
Where they go they watch on War Room Rumble and Getter every Monday. Thursday we have guest interviews 3pm Eastern and on Saturday at 3pm we have a news review program. So this Thursday we have Ezra Levant from Rebel News up there in Canada talking about the great work they're doing, the upcoming Canadian elections in five months, what's going to happen. So that will be on Thursday, 3pm Eastern.
Steve Bannon
Ezra Levant, that will be fantastic. Talking about Canada since the economic war just went to the Great white north. Peter McElveen of social media, where do people go?
Unknown Commentator
Arts evoke UK on X and everywhere else at Hearts evoke or hearts evoke.org is the website.
Steve Bannon
Proud of you sir and thank you very much from your American cousins here for helping us on this one. Appreciate you.
Unknown Commentator
Thank you, Steve.
Steve Bannon
President Trump's administration's on fire and I'm telling you when they pick up information like this, this is the way you have to do it. This is why we love being a platform for people coming up and saying things. They got their own podcasts. There's so much information out there. We've destroyed the mainstream media. It's just incredible. One of the people that part of this launching Lindell TV and Frank speech and all of it and doing so much work about election, you know we got this time was not just too big to rig. We were actually more organized. You had you know, 500,000 people trained through our various programs. But there's still major issues you look at down ticket. There's a lot of questions in a lot of places like in Arizona and North Carolina, these MAGA states Mike Lindell, the attorney general of state of Minnesota, is trying to shut down I can say my pillow and shut down your voice, sir.
Eric Bolling
Absolutely. And Steve, I'm just reading the articles today, the Denver Post, the Washington Post. I am now a prominent election denier. I wonder if I'm still a conspiracy theorist. They're attacking me all about because Tina Peters, obviously that's all coming out now and hopefully she gets free very soon. But yeah, the attorney general is attacking me, Steve, the irs, they're going in full force, everybody. Why they want me to shut up about the election platforms, which I'm never going to do. You said it right. There's problems here. We have the worst election platforms in the world and we are going to get them secure no matter what. And Steve, I got a great special with the MyPillow, you guys, that's still going on. This is a war room exclusive, not 998, the MyPillow 2.0 with all those commemorative designs. So guys, let's not forget our history here with these pillows. Free shipping on your entire order. The blanket flash sale that we have save up to 80%. Once they're gone, they're gone. The the crosses, you've all loved that Save 30%. But free shipping, you guys, on your entire order, you got the towels on sale, all of the pillows on sale. Get the beds and the mattress toppers, 100% made in the USA. You guys have been our biggest supporters. My employees have been, you know, every day. I guess they're just getting used to being attacked and even in our home state by our own attorney general. The worst one of the worst politicians that ever walked right next to crooked Jenna Griswold in Colorado. I've been on the phone all day attacking the fighting back, fighting back, everybody. So God bless you. Get them 998 promo code WAR room.
Steve Bannon
Short commercial break we're returning the War Room in a moment. What if he had the brightest mind in the War Room, delivering critical financial research every month? Steve Bannon here. War Room listeners know Jim Rickards. I love this guy. He's our wise man. A former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets. Jim predicted Trump's Electoral College victory exactly 3:12 to 2:26, down to the actual number itself. Now he's issuing a dire warning about April 11, a moment that could define Trump's presidency and your financial future. His latest book, MoneyGPT, exposes how AI is setting the stage for financial chaos bank runs at lightning speeds, algorithm driven crashes, and even threats to national security. Right now, War Room members get a free copy of MoneyGPT when they sign up for Strategic Intelligence. This is Jim's flagship financial newsletter, Strategic Intelligence. I read it. You should read it. Time is running out. Go to rickardswarroom.com that's all one word. Rickards war Room records with an S. Go now and claim your free book. That's Rickards war room.com do it today Human really trying to fill this gap of quality supplements and of course the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc. And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health. 700,000Americans every year. Yes, heart disease is the number one killer every year, year in and year out. Heart disease builds over time. Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart. A healthy heart is key to being energetic. As we get older. It is never too early to take care of your heart. You see, heart disease sneaks up on us. You can start in your 30s and when this happens, you're at serious risk by the time you turn 60. If you want to take care of your heart and those you care about, please go to war roomhealth.com that's war room health.com all one word war roomhealth.com use the code war room at checkout to save 67% of your first shipment. That's code war room at checkout to save sixty seven and do it again. War room health. All one word war roomhealth.com go there today. You need if you're going to be part of the posse, you need a strong heart. You need a lion's heart. How we're going to do that is with salty. Go there. Do it today. Check it out.
Episode 4313: Disruption Of The Deep State; Holding All The Cards In The Economic War
Release Date: March 5, 2025
Host: Stephen K. Bannon, WarRoom.org
The episode begins with Stephen K. Bannon and Eric Bolling discussing the recent geopolitical developments, particularly focusing on the strained relations between Western allies and leaders like Ukrainian President Volodymyr Zelensky and Canadian Prime Minister Justin Trudeau. The conversation sets the stage for a deep dive into the ongoing economic and political conflicts shaping global dynamics.
Bannon introduces the primary topic by highlighting Zelensky's recent statement about Ukraine's readiness to negotiate an end to the war with Russia. This development coincides with the Trump administration's decision to pause military aid to Ukraine, marking a significant policy shift.
Notable Quote:
Vice President J.D. Vance weighs in on the situation, emphasizing the need for private engagement between the US and Ukraine to reach a peaceful settlement.
Notable Quote:
An analyst provides insights into the Democratic Party's challenges following recent electoral defeats. The discussion underscores the importance of a broad-based defense of democracy that transcends party lines, involving various sectors of civil society, including churches, universities, and business leaders.
Notable Quote:
Bannon discusses the retaliatory tariffs imposed by Mexico, Canada, and China in response to recent US tariffs. He underscores the economic strain these tariffs are causing, particularly highlighting the impact on the Dow Jones Industrial Average, which closed 700 points lower.
Notable Quote:
Canadian Prime Minister Justin Trudeau's appeal to President Trump is examined, showcasing the complexity of US-Canada trade relations amidst escalating tariffs.
Notable Quote:
The episode delves into the immediate market reactions to the tariffs, noting significant volatility in the stock market. Bannon and guest Philip Patrick discuss the implications for investors, emphasizing the importance of understanding how such economic policies can lead to market instability.
Notable Quote:
Philip Patrick from Birch Gold Group elaborates on the role of gold as a hedge against economic instability. He highlights the rising demand for precious metals driven by central banks and investors seeking safe assets amidst market volatility.
Notable Quote:
Bannon reinforces this viewpoint, advocating for gold investment as a safeguard against the ongoing economic uncertainties.
Notable Quote:
Natalie Winters from the White House provides an overview of the administration's achievements and policy shifts. She contrasts the current administration's actions with hypothetical scenarios had different leadership been in place, emphasizing President Trump's role in reversing previous policies and fostering economic growth.
Notable Quote:
She also touches upon the anticipated joint session address to Congress, outlining key topics such as economic deals and diplomatic relations.
The discussion transitions to domestic policy, particularly focusing on immigration and border security. Bannon criticizes the previous administration's handling of border issues and advocates for stricter measures to prevent illegal immigration and associated criminal activities.
Notable Quote:
Peter McElveen discusses the repeal of the Corporate Transparency Act, lauding the Trump administration's efforts to alleviate regulatory burdens on small and medium-sized businesses. He emphasizes the importance of protecting entrepreneurs from overregulation and maintaining economic freedom.
Notable Quote:
Bannon acknowledges the impact of this repeal, highlighting its significance for American businesses and entrepreneurs.
As the episode draws to a close, Bannon reflects on the administration's strategies to combat economic and political challenges. He underscores the importance of maintaining a strong economic stance through tariffs, advocating for the return of manufacturing jobs, and securing economic sovereignty.
Notable Quote:
Bannon reiterates the message of economic resilience, urging listeners to stay informed and proactive in safeguarding their financial futures amidst ongoing volatility.
Policy Shifts in US Foreign Relations: The Trump administration's pause on military aid to Ukraine signals a strategic shift towards seeking diplomatic resolutions in the Ukraine-Russia conflict, emphasizing private negotiations over public statements.
Economic Warfare through Tariffs: The imposition of significant tariffs on Canadian, Mexican, and Chinese imports has led to retaliatory measures, creating substantial market volatility and impacting American consumers and industries.
Market Volatility and Investment Strategies: The economic instability induced by tariffs and geopolitical tensions underscores the importance of diversifying investments, with gold being highlighted as a reliable hedge against market fluctuations.
Domestic Policy Focus: Strengthening border security and repealing overreaching regulations like the Corporate Transparency Act are prioritized to bolster economic freedom and protect national interests.
Defense of Democracy Beyond Party Lines: The episode advocates for a united front in defending democratic principles, involving diverse sectors of society to counteract internal and external threats to the nation's democratic fabric.
Call to Action for Listeners: Bannon encourages listeners to engage with financial experts, stay informed about economic policies, and take proactive steps to secure their financial well-being amid ongoing economic challenges.
Stephen K. Bannon [01:12]: "Volodymyr Zelensky says his country is ready to come to the negotiating table to end the war with Russia as soon as possible."
J.D. Vance [01:32]: "We need the Ukrainians privately to come to us and say this is what we need, this is what we want. This is how we're going to participate in the process to end this conflict."
Unknown Analyst [03:11]: "This is a defense of the rule of law, of the Constitution and of our democracy and all of our the good news is the United States has a lot of resources."
Stephen K. Bannon [06:15]: "It's a hammer blow to the Mexican economy. It's a hammer blow."
Justin Trudeau [04:53]: "We stepped up. We engaged closely and constructively with the president and his administration. We did everything we promised."
Eric Bolling [06:17]: "For investors as a tariff tantrum initially sparked a sell off before a big intraday comeback."
Philip Patrick [31:20]: "Precious metals in climates like this, they are a safe haven, asset, and they perform."
Stephen K. Bannon [35:17]: "Until we stop the Keynesian overdrive of this massive stimulus... you’re going to have more volatility."
Natalie Winters [10:23]: "President Trump has been able to, through a myriad of geopolitical and global affairs, been able to turn the tables and reverse course on something."
Peter McElveen [47:05]: "The Treasury Department has announced that they are suspending all enforcement of the outrageous and invasive beneficial ownership information reporting requirement for U.S. citizens."
Stephen K. Bannon [41:14]: "John Garner is going to sit. Tell us about tariffs, the power of tariffs to bring manufacturing jobs back."
This comprehensive summary encapsulates the key discussions and insights from Episode 4313 of Bannon's War Room, providing a clear and structured overview of the episode's critical points for both regular listeners and those unfamiliar with the podcast.