Transcript
Steve Bannon (0:02)
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. 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. It's going to happen.
Dave Brat (0:23)
And where do people like that go to share the big lie?
Rabbi Wolicki (0:26)
MAGA Media.
Dave Brat (0:28)
I wish in my soul, I wish that any of these people 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.
Bill Federer (0:43)
War Room.
Dave Brat (0:44)
Here's your host, Stephen K. Band. All right everybody, welcome to our two of the War Room with the great Stephen K. Bannon. He is a hard man to follow, I'll tell you that. Boy, he was great. The great unmasking. That's what's going on today. I'm going to start off on the tariffs, then we'll do a little geopolitics with Bradley Thayer on China. Obviously related to national security and to tariffs and to the real economy. But let me just start off and go over a few talking points on these tariffs that you can share with each other. People always say what? Can you write up any of these pieces in op EDS in your papers to explain it to the American people? Because we have not educated the American people. The War Room. You all know what's going on here. Steve's been educating you for a decade on all of this. So Denver, if you want to put up the first slide, here's the rest of the story. As Paul Harvey would say on the old 60 Minute show, you need the real economy to grow. I've been covering the real economy. That's manufacturing, that's making stuff. It's obvious to most Americans, but not to Wall street, not to the globalists, not to the Wall Street Journal, et cetera. So let's just start off with point number one up on that chart. Please explain to me Wall Street Journal, the Economist magazine, globalist elites, Morning Joe and Mika. Anybody dying to hear this? I'm down to hear a bunch of stuff. Here we go. China grew at over 10% GDP growth for over a decade with according to the Trump tariff schedule last night, 67% tariffs, non tariff barriers and messing around with the currency. All in, right? So massive tariffs. Where are our free trade friends on that 67%, those total massive distortions to free trade. So now all we're going to hear about in the news today is import prices up. Stock market. Watch the stock market. I got plenty to say on that right here as well. But please explain to me, dear economic experts, how did China grow? If. If these tariffs are going to cripple our economy, right, they're going to cripple our economy. Not the stock market, the economy. How is it that China grew at 10% a year? It's unheard of. With massive tariff regime in place. That's the question. Ask that question to everybody you meet. They'll. It'll be crickets. It'll silence some immediately. Second point. Well, and let me just add one little footnote. The next line down on that chart. How did they grow at 10% with manufacturing? They do $5 trillion in manufacturing a year. The United States, which is a bigger, older, more mature economy, only does half of that 2.5 trillion manufacturing per year. Along with that, China has 100 trillion in capital to work with. Right? Capital, you know, assembly lines and tools and stuff in the hands of their people. The United states only has 70 trillion. So they have 100 trillion. We're a bigger economy. We only have seven. That's why they're outpacing us. We have to fix that. That's what the tariffs are going to do. Who is willing to publicly defend the current tariff structure? That's what I want to know. Where's the mainstream media? They're going to be pithy and, and gaslight us and talk about, you know, the stock market day prices and whatever, which we can all explain easily. And then they're going to say the stock market is everything. Let's get this one real clear. The stock market is everything to the rich because the rich 1% own more than the middle class in stocks, bonds, pensions. The rich 1% in this country, and this is, you know, Federal Reserve stats. The rich 1% own more than the entire middle class. The rich 10% owners own more than the bottom 90%. The rich 10. So we're supposed to feel sorry, right? The moral point, all the talking points. I'm already getting interviews this morning, one after the other and they got the same. What about the stock market? What about the. Whatever. You heard, Steve. The Magnificent 7 owns 40% of the S&P 500. We're supposed to feel bad for the tech Bros. The billionaires, the leftists who set this all up. This trade regime has enriched them. They're using the cheap labor and cheap parts and cheap supply chains to make massive quarterly profits on the backs of who? The American People. So there's always two sides to an economic trade. Whenever they mention higher import prices, they're leaving out our exporters and all the jobs and all the cities and all the workers and all the families that have been gutted by the last 40 years of US economic policy. Right. So, so whenever they say higher prices, say it'd be nice if our manufacturing folks had jobs so they could pay for any prices that is discounted. Where's the left? The left is awol. Of course. The liberals used to care about workers. The liberals are all gone. So the stock market is everything. The rich also own all the media and as Natalie Winters and Steve have been pointing out, they also own stakes in Harvard. Who's been propping up China in the latest reporting through who? Leftist politicians in Congress. So that's why you're not hearing anything from the left. All political abuse of my own. But this is just the facts. Now we have financial commentators out there talking about eye watering tariffs. Right? Eye watering tariffs coming from all these, you know, bank paid for economic analysts. And they're all going to say eye popping tariffs. What about China's eye popping 67% tariffs at the top of Trump's list. That's what I, that's the eye popping. They haven't ever mentioned those eye popping tariffs that are crushing us. So who's left care for the middle class? It appears President Trump by just and kind of like Doge. It's unfortunate our own Congress, the Republicans have not uncovered this problem and done anything about it for 40 years and the Democrats certainly have not. If you want to pop up the next chart, I just. Everybody ought to study this chart. This is President Trump's kind tariffs he had yesterday. And I'll just go the top number right, 67% of tariffs from China on US and so Trump puts 34 on them. Reciprocal. And China's already vowed retaliation in the news today. But I can see why we've been letting them grow at 10% for a decade. The next two charts I'm just going to go over quick. I've gone over them before but these are from Lighthizer's basic ideas. Number one, the red one, Denver, you got that one. The problem here is we're not talking about one off tariffs here and there. We're talking of massive trillion dollar trade deficits. That red graph, the trade deficit with all the countries gets bigger and bigger and bigger and bigger and bigger. As you see, as you move to the right on that graph, the red line and the goods deficit is just off of goods, meaning the goods that we produce through manufacturing, which we do not. And then the last one we've been covering, it's similar to Trump's, the blue chart, Denver, this shows you the United States at the bottom getting ripped off. We're the most free trade country with the lowest tariffs and the lowest non tariff barriers. And I guess all of our elites have missed this, right? The, the free trade crowd, the Wall Street Journal, the economist Jamie Dimon. Hey, where are you guys, right? The American people are getting ripped off. We have the lowest tariffs, non tariff barriers. Every country up above us is in the G20, the richest group of countries in the world. And they're all have 200 to 300% more tariffs on us than we have on them. And so I got a few more charts, but I'm going to skip them because I want to get to our next guest. That's just the economic case, right? Everybody's going to be talking about the stock market today. No one's going to talk about the real economy. What's changed to the real economy so far? Nothing really yet, although there's huge moves underway as Steve reports every day. 100 billion from Taiwan and chips Common capital to the United States of America, 500 billion Apple and the list goes on in the hundreds of billions, hundreds of billions, hundreds of billions. That capital is going to get deployed in the United States in the hands of our workers. Our workers are going to higher wages and we're going to get rich again and this country is going to be great again. I should have been beating this drum louder, but Stephen K. Bannon has highlighted it for a decade and President Trump, he's been on this for 10, 20 years. And so all credit to him for having the courage. That's what's missing up in the swamp. Brad Thayer, welcome to the War room. Brad, can you tell us how does the China threat fit in here? What should we anticipate from them? Of course, Brad Thayer has written the bestselling book with his partner, two world experts. And so Brad, what should we expect going forward here?
