Episode 4386: The Great Unmasking

Summary

Summary of Podcast Episode 4386: "The Great Unmasking" on Bannon's War Room

Release Date: April 3, 2025

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Introduction

In Episode 4386 titled "The Great Unmasking," host Stephen K. Bannon delves deep into the pressing economic and geopolitical issues facing the United States, with a particular focus on tariffs, trade relations with China, and the broader implications for the American economy and national security. The episode features insightful discussions with economists, political analysts, and advocates for Judeo-Christian values, providing a comprehensive analysis of current events and their impact on the nation.

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Tariffs and Economic Strategy

Dave Brat’s Opening Remarks [00:44]

Dave Brat sets the stage by addressing the recent implementation of tariffs, expressing frustration over mainstream media’s focus on stock market volatility rather than the real economy. He emphasizes the importance of manufacturing growth and challenges the prevailing narrative that tariffs harm the economy.

Key Points Discussed:

• China's Economic Growth: The podcast highlights China's impressive GDP growth rate of over 10% for over a decade, achieved despite imposing 67% tariffs, non-tariff barriers, and manipulating its currency. Dave Brat questions how China sustained such growth under these restrictions, suggesting that massive tariffs should logically cripple an economy (Transcript [00:56]).

• Comparison with the United States: The U.S., with a more mature economy, engages in $2.5 trillion in manufacturing annually compared to China's $5 trillion. Additionally, China has access to $100 trillion in capital, far surpassing the U.S.'s $70 trillion, explaining their economic outpacing (Transcript [01:32]).

• Impact of Tariffs: Brat argues that the new tariffs will level the playing field by restricting China’s economic advantages, thereby benefiting American workers and industries. He criticizes the media for ignoring China’s retaliatory tariffs and their crippling effects on the U.S. real economy (Transcript [02:15]).

Brad Thayer on China's Strategic Vulnerability [09:56]

Brad Thayer, an economist and co-author of Embracing Communist China, America's Greatest Strategic Failure, provides an in-depth analysis of President Trump's measures to isolate and pressure China. He outlines the National Security Presidential Memorandum aimed at discouraging investment in China and controlling access to sensitive technologies.

Notable Quote:

"President Trump recognizes that the Chinese Communist Party is at their nadir in terms of vulnerability. He's taking diplomatic, economic, and military measures to isolate and pressure them." — Brad Thayer [14:05]

Richard Stern’s Insights on Tariffs and Manufacturing [17:53]

Richard Stern discusses the long-term assault on American workers and communities by both domestic and foreign policies. He lauds President Trump for using tariffs as a tool to dismantle barriers against U.S. producers and criticizes the deep state’s role in undermining the American economy.

Notable Quote:

"We finally have a president who is weaponizing tariffs as a way of forcing foreign governments to get rid of their barriers against US Producers." — Richard Stern [17:53]

Ben Harnwell on Federal Reserve and Inflation [25:07]

Ben Harnwell explains how the Federal Reserve's policies counteract the benefits of free trade by maintaining a 2% inflation target, undermining the potential price reductions from open markets. He emphasizes that tariffs aim to level the economic playing field in favor of ordinary Americans.

Notable Quote:

"Donald Trump is coming in and is trying to level up the system in favor of regular guys." — Ben Harnwell [32:08]

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National Security and Geopolitical Implications

Brad Thayer on Military and Economic Measures [14:05]

Brad Thayer details the intertwining of military strength with economic policies, highlighting Secretary of Defense Pete Hegseth’s visits to key military bases and the importance of deterrence against Chinese aggression. He underscores the comprehensive approach taken by the Trump administration to secure national interests.

Notable Quote:

"United States has to have the right military structure to deter the Chinese Communist Party's aggression against Taiwan or our allies." — Brad Thayer [14:05]

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Judeo-Christian Values and Cultural Shifts

Bill Federer on the Resurgence of Faith [33:37]

Bill Federer discusses the renewed interest in Judeo-Christian values among young men, attributing this shift to a backlash against the trans agenda and the erosion of traditional moral frameworks. He highlights historical figures who embodied these values and draws parallels to contemporary movements advocating for strength and faith.

Notable Quote:

"The pendulum is swinging back. There's been a burnout of the trans agenda...we have to be strong and remember that most of Jesus's disciples were in their 20s." — Bill Federer [33:37]

Rabbi Wolicki on Judicial Overreach and Israel's Crisis [46:10]

Rabbi Wolicki examines the ongoing crisis in Israel, attributing the judiciary's overreach to a deep state alliance with left-wing elites. He draws parallels with similar conflicts in the U.S. and Brazil, predicting that Prime Minister Netanyahu will prevail in reducing judicial oligarchy's influence.

Notable Quote:

"We are witnessing a constitutional crisis where the judicial oligarchy is taking power not given to them, and Netanyahu is poised to take them down." — Rabbi Wolicki [46:30]

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Critique of Mainstream Media and Globalist Elites

Dave Brat’s Critical Analysis [20:30]

Brat criticizes mainstream media and globalist elites for ignoring China's retaliatory tariffs and their impact on the U.S. economy. He accuses them of prioritizing stock market interests over the well-being of the middle class and highlights the disparity in wealth distribution.

Notable Quote:

"The rich 1% own more than the entire middle class... The rich 10% own more than the bottom 90%." — Dave Brat [03:00]

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Promotions and Advertisements

Throughout the episode, several advertisements are interspersed, promoting products such as Birch Gold, Patriot Mobile, MyPillow, Jace Medical, and War Room Health. These segments are strategically placed to support the podcast's themes of financial preparedness, emergency supplies, and health.

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Conclusion

Episode 4386 of Bannon's War Room provides a robust critique of current economic policies, particularly focusing on the strategic use of tariffs to counteract China's economic dominance. The discussions extend into the realms of national security, cultural shifts towards Judeo-Christian values, and the perceived failings of mainstream media and globalist elites. With contributions from experts like Brad Thayer, Richard Stern, Ben Harnwell, Bill Federer, and Rabbi Wolicki, the episode underscores a vision of restoring American prosperity through strategic economic policies and a reaffirmation of traditional moral values.

Key Takeaways:

• Economic Independence: The implementation of hefty tariffs is portrayed as a necessary step to protect and revive American manufacturing and the middle class.
• National Security: Strengthening military deterrence and isolating China are pivotal for safeguarding U.S. interests.
• Cultural Renewal: A resurgence of Judeo-Christian values is seen as essential for moral and societal stability.
• Critique of Elites: Mainstream media and globalist elites are criticized for neglecting the real economy and favoring stock market interests over the average American.

Closing Quote:

"We got some great folks coming up on Israel... stay tuned to the war room." — Dave Brat [52:47]

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This summary captures the essence of Episode 4386, highlighting the central themes, expert insights, and the overarching narrative of advocating for American economic revival and cultural integrity.

Transcript

[Steve Bannon]

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]

And where do people like that go to share the big lie?

[Rabbi Wolicki]

MAGA Media.

[Dave Brat]

I wish in my soul, I wish that any of these people had a conscience.

[Steve Bannon]

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]

War Room.

[Dave Brat]

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?

[Brad Thayer]

Hi, Dave, great to join you again. And yeah, thanks. Jim Fanill and I wrote Embracing Communist China, America's Greatest Strategic Failure. What we should expect is really, Dave, we want to take a step back and look at what President Trump has been doing to isolate and to pressure the People's Republic of China. Dave, the audience may remember the February 21st announcement of the National Security Presidential Memorandum where President Trump announced measures he was taking to encourage investment in the U.S. which we've seen, of course, Japanese firms, other firms come into the United States to strengthen American manufacturing and industry, but also to discourage investment in the People's Republic of China by taking a variety of measures to ensure that outbound investment to the PRC in sensitive technologies was controlled to monitor land purchases. That's a key element, Dave. I know you've emphasized that time and again, but the PRC land purchases in the United States also the memorandum documented protecting US Investors savings and to boost American prosperity by auditing foreign companies on US Exchanges, reviewing, for example, their ownership structures to ensure that the PRCs and foreign adversaries are not involved there. So the February 21st was really a first step, a key first step at drying up US Investment going into China. And then, of course, we've seen another big step, Dave, as you've stressed today, the tariffs. So in the economic front, President Trump is working actively to dry up US Investment in China to control their access to US Technologies, including and also land purchases, while putting the pressure on tariffs diplomatically. Dave that's the next element. Marco Rubio President Trump have stressed the Golden Dome missile defense for the US Securing the Panama Canal, Greenland, of course, the relationship with Canada, many measures to ensure that we have a secure homeland, a secure United States, while working to end the war in Ukraine so that the relationship with Russia can be improved. And if the relationship with Russia is improved, that hurts the People's Republic of China greatly because the PRC is dependent on Russia increasingly for energy and other supplies. Of course, their demand is insatiable. So the PRC is incredibly vulnerable. The Chinese Communist Party is at really they're nadir in terms of vulnerability. And President Trump recognizes that. He's taking diplomatic measures, he's taking economic measures really to put the pressure on them and then also military sepsis. Secretary of Defense Pete Hegseth visit to the three island chains to Hawaii, to Guam, Philippines and Japan. While stressing what did Hegseth really emphasize? Well, of course, the importance of those great allies, but the military, the warrior ethos, the return of that to the American military. Secondly, defense industrial base, right? We need to have the defense industrial base. And that's where really the net, the military element connects to the economic. And then finally he said deterrence. US has to have the right military structure to deter the Chinese Communist Party's aggression against Taiwan or against our allies and other partners in the Indo Pacific or elsewhere. So President Trump knows what he's doing, his team knows what he's doing. There are many steps that are being taken to isolate the CCP and put great pressure upon it.

[Dave Brat]

Yep, yep. Thanks, Brad. And that dovetails with exactly what we were saying on tariffs as well. Trump knows what he's doing. Where are all these elites that do not care about the middle class or the national interests on these national security issues? They act like they can just abstract to quarterly profits. Where are these big figures? Right at the Wall Street Journal on the point Brad is making here on Chinese national security security, on weakening China strategically going forward instead of funding them as Brad Thayer just did an incredible job of doing. We're going to go to break but stay tuned. This is a great day in America. We got some slogging to go, but we're going to emerge stronger and better and we're thankful to President Trump for having the courage to do this back soon.

[Steve Bannon]

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[Dave Brat]

Here's your host, Stephen K. Bannon. All right everyone, welcome back to the War Room. On a great day for America, the great unmasking. A lot of truth is going to come out today. We're exposing a ton of it on this show. We got Richard Stern on the phone with us. I want to first give a shout out to our friends at Patriot Mobile down in Dallas. A, Great America first company. They're serious about the Judeo Christian tradition. They profess all of that in public as a company, which is just staggering that they're in such a minority view having the courage to do that right. Taking on all the issues that have made us great. And so they're the trust factor with them, the integrity, the ethics. And their product is, is great. Give them a call. Patriot mobile.com patriot mobile.com or phone number 972-patriot972-patriot for a free month of service. There are good friends. They show up at Liberty University to the CEO summit. They're everywhere. They're at cpac. They, they're everywhere you want to see. They're the best personalities, very approachable, down to earth friends and that's who you want to do business with. So give them a shout out today, folks. Right now I want to bring up Richard Stern. He's with us last week on his terror story and I gave kind of an opening salvo. So I'm just going to be quiet, Rich, and let you add it. What's your reaction to these tariffs and to restoring American American manufacturing, giving the middle class another crack at at life with a job and a decent wage?

[Richard Stern]

Rich well, as always, thank you for having me on. I think the top story here obviously is we've had decades of both the US Federal government and foreign governments doing everything they can think to do to plunder American workers and families and communities. We finally have a president who is weaponizing tariffs as a way of forcing foreign governments to get rid of their barriers against US Producers. At the same time, the doge is dismantling the deep state and its domestic barriers against US Producers. So between these two wings of Trump's agenda, tariffs the force foreign governments to reduce their barriers against US and doge to dismantle the deep state's assault on middle America. We can finally get rid of both of these shackles that have been strangling and chaining the US Economy.

[Dave Brat]

Yeah, great, Rich, how when you see this, the reciprocal tariffs, right. The Trump figures yesterday had China up there at the 65% range tariff, non tariff and currency manipulation. And then we respond with a 34% additional tariff on them. How we've been financing them. The whole rest of the world's been financing them. That's why they're growing at 10% for a decade. How vulnerable are they to these tariffs? Are they going to buckle and actually have to behave themselves or do you just anticipate they're becoming self sufficient naval gazing, looking inward and getting ready to go after Taiwan? Which of the which which you think is most probable?

[Richard Stern]

Oh, I think they'll cave. Look, you know, China's economy is, is built on central planning, communist policies, bad economic decision making. And so China really needs its engagement with the US and with the free world, otherwise it doesn't really have a leg to stand on. So I think they're going to cave and I think a lot of these non market countries are looking at are going to have no choice but to cave and finally get rid of their barriers and maybe start abiding by the rules the rest was played by. But I will tell you though, I wouldn't underestimate how immoral and evil the Chinese Communist Party is. So they might stick to what they believe and they might not cave, but then the extent that they do that is the extent that finally they will box themselves out of global trade and leave the rest of the world to trade with the United States. And then the free world can be that much larger and we maybe can finally remove this malign Chinese Communist Party influence from global economic affairs.

[Dave Brat]

Yeah, yeah. How do you explain, Rich, the globalist elites, including most all the mainstream media, all of a sudden they're paying attention to trade and import prices and all this, they somehow miss the fact that China had massive tariffs on us and on everybody and grew at 10%. So on the one hand they're saying if we put tariffs on anybody, it's going to crush our real economy. Clearly not true. It'll restore our real economy. But China's been doing it with massive success for 30 years. What's with the hypocrisy there, Rich?

[Richard Stern]

Well, I would say under the hood, China had a suite of probably a dozen or so things they were doing, some of which counteract each other in certain ways. I would say that the tariffs they were doing were probably the smallest component, to be perfectly honest, of all of the myriad abuses things they were doing. But you know, I think your point on this exactly. You're talking about a US Government that has been nonreactive to a massive country that has been doing nothing but 50 plus years of strategic, thoughtful abuses simply to plunder us and the rest of the West. It's, it's a terrible story, but we finally got a president that cares.

[Dave Brat]

Yeah. And give me a little commentary on our, you know, the Fortune 500 and the Judeo Christian West 100 years ago would have been inconceivable. Right. We had a lot of people that wouldn't even go on welfare. They wanted to work their way through it. They wouldn't take out debt. They certainly wouldn't take advantage of their country by trying to make quarterly profits. What's happened to this Judeo Christian ethos? Where we expect our corporate leaders to think of their country at least somewhat when they're making these gross calculations to outsource and go use slave labor. What has gone wrong, culturally?

[Richard Stern]

Rich, and I think you hit the nail on the head. You know what I always tell people is when you want to think of the founding of America, really, 1776, in my mind is our declaration of a founding that happened 150 years earlier at Plymouth. And to your point, it's a founding of a country devoted to God's law. The founding of the United States to be a place where we put God above country, where we believed in divine law as ultimate law. And it's exactly what you're talking about. To create a moral society where we recognize that we have to respect each other and have to have an eye towards our families and our communities and what makes for good human flourishing. As the left has marched their institutions and destroyed that cultural notion, they have replaced it with a materialistic culture where we don't respect the dignity of the individual and we don't respect the family and our communities. And all of this degradation follows from that leftist Marxist march through our institutions to destroy, as you beautifully put it, the Judeo Christian ethical framework that undergird the entire west and not only our prosperity, but our moral leadership for more than two centuries.

[Dave Brat]

Yeah, Rich, thank you so much for hanging with us. Steve Bannon had to head over to a conference at doj and so he gave me a ring in the morning. And it's always a privilege to sit in with people like you. I just want to call people's attention to Tucker Carlson. He had kind of a staggering interview with the academic scholar who was not hair on fire. And I want to juxtapose Karl Marx, who was writing hundreds and hundred pages on a Faustian deal with the devil, literally. Mephistopheles. I taught economics for, you know, 20, 30 years. I should have known. There's two basic people, two worldviews that you got to choose from roughly these days. The Marxist Communist totalitarian piece and then the Adam Smithian, you know, James Madison piece that relies on freedom. And those two economists were both also moral philosophers. One paid allegiance to the devil and Mephistopheles. And there's hundreds of pages. Tucker, go watch that Tucker interview. And then on the other hand, you got Adam Smith out of, you know, Enlightenment, Scottish, Presbyterian, private property rights, rule of law territory. Rich, in closing, you want to how in the world are we moving toward a Marxist view of the world and our government, a giant Totalitarian government. What's your. How do we get out of this mess? I think Rich might have had to jump on us. Ben Harnwell. Ben, are you with us?

[Ben Harnwell]

I can, I can answer that question.

[Dave Brat]

Hey, good go, Ben. Good, good. Great morning.

[Ben Harnwell]

Okay. So totally unprepared for that precise question, but I'll try my best. Okay. The answer to that question is how we're heading into Marxism has a number of factors, one of which is because the system, and this is something I was talking with Steve about the other day, the system is now stacked constitutionally, legally against the ordinary person. The second thing is the collapse in morality. And this goes back to the founding fathers of the United States that said that their system was designed for moral people, that it would suit no other words, that effect. I don't have it precisely just the collapse in morality, the fact that the system now is legally stacked against the individual person. And there's also, because of the slow retreat of Christianity from public life, Satan has entered the vacuum. And I think that's absolutely clear on every single metric. If I could. You know, I have one example, actually, which is something I wasn't planning on talking about directly today on the tariff issue. Steve occasionally says that America was a tariff based economy, I think from 1776 all the way through to 1913. And I never spoken to Steve about why he says that. But I guess the argument is that in 1913, because up until that time, the majority of the federal government's income was taken from tariffs. In 1913, the state federal income tax was introduced across the United States and that income tax therefore replaced tariffs as the primary source of income for the federal government. But something else, and that was in the year 1913. Dave.

[Dave Brat]

Now, of course, one minute to go, but good, good.

[Ben Harnwell]

Yeah. Of course that 1913 trigger point will also have a light flashing on your dashboard as well, because something else happened in 1930 which fundamentally changed, I think, the moral framework of United States, the economic framework. And that was the introduction of the Federal Reserve. And in one minute, my pitch is this. It's not that when you're listening to CNBC and all the rest of them talking about the global jitters due to the trade war that President Trump has just started. It's not that these people who aren't free marketers are totally wrong in their argument. Half of their argument is true, half of it is false. And the truth is that in a pure free market, prices would come down. That will never happen. Banks in 1913, which was an immoral thing, the federal Reserve has in its statute, I think this is 17 seconds, an inflation so. So that the natural pressure on prices comes down.

[Dave Brat]

The ordinary American will never see to break. Stay with us. Over the break, the lords of easy money have been ruling back with what.

[Steve Bannon]

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 312 to 226, 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, Money GPT, 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 Rickards War room dot com. That's all one word. Rickards War Rooms records with an S. Go now and claim your free book. That's Rickards War room dot com. Do it today.

[Dave Brat]

Here's your host, Stephen K. Bannon. All right, back in the war room, sitting in with the great Stephen K. Bannon. He's off helping to fix things with the Department of Justice. He is truly the Oxford Don. What he is able to do with this show over the last decade is remarkable. He pulls together great people like Ben Harnwell. Ben, I cut you off at the close there. Finish up your thought and we'll get right up next with Bill Federer to continue this part of the conversation. Ben Harnwell, fire away.

[Ben Harnwell]

Thanks, Dave. Look, I'll wrap this up in a minute. I'll just repeat the point. And this is so important for the Warren, possibly because there is going to be some popular pushback against these tariffs that Donald Trump has introduced yesterday across the country. There will be some pushback because of the turbulence. I think this will create necessary turbulence. And I just want to make this point because it's never really acknowledged and it's fundamentally at the bottom of it. When you're listening to the Rick Santelles and all the rest of them on cable news and they're making the argument for free trade, it's vitally important that the key point of their argument is open your nation's markets to the global markets that will have a downward pressure on prices. And that is in itself isolated. Absolutely true. The problem is that you're never, you the working guy, you're never going to see those lower prices because the Federal Reserve has as it mandate this 2% inflation threshold. So you have open your market right, you open your market right. That has a downward pressure on prices, a downward pressure on prices. However, prices aren't allowed before because the more that downward pressure is right, the more the Federal Reserve will print money to bring the level of prices back up to 2%. So you have an increase, you know, the dollar in your pocket year by year is worth less and less and less. That makes your cost of living rise and rise and rise. Whereas the great beneficiaries of this system are the people who had hundreds of millions of dollars one year and then the following year they have billions. This is fundamentally the issue and I make this point right, not just not for the war in Posse, but for America generally. When you, when your anger drives you to say, hang on, what is Trump doing? What about this turbulence? The issue is fundamentally, it's not the tariffs which is trying to even the system. Donald Trump is coming in and is trying to level up the system in.

[Dave Brat]

Favor of regular guys.

[Ben Harnwell]

The target of your anger should be the Federal Reserve.

[Dave Brat]

No? That's right. Spot on. They're next. They're next on the agenda. Ben Harnwell, thanks for the analysis. Always the international insights. The Judeo Christian west from Rome, always outstanding, Ben, good job. Next we're going to go to Bill Federer. He's been on the show several times. Great, great mind and heart and knowledge of the Judeo Christian West. And we're going to play a few clips, but we're running short. We have press gaggles with Brooke Rylands, the great head of AFBI and the current Secretary of Agriculture. She might be jumping in anytime. And also Howard Lutnick maybe having a press gaggle. So Bill, roughly speaking, I shot you an article in a clip or two, but the young men are getting into religion and it's not insignificant. There's a big move and the Tech Bros out in Silicon Valley there was a piece in the Atlantic of all places noting the rise in religion of the Tech Bros. And so I kind of tie this into the Jordan Peterson meaning and purpose and people just getting sick of the gaslighting of the left and they want some substance. And the young men in particular are moving this way. How do you read it, Bill? What's going on in this culture of ours, we're finally starting to move back in the right direction, we hope.

[Rabbi Wolicki]

Right.

[Bill Federer]

The pendulum is swinging back. There's been a burnout of the trans agenda of common sense that boys can be girls, and Jordan Peterson, Joe Rogan, others saying, look, you can be a masculine man, you just keep it under control. But you have to be a force for good. Right? Weakness will not defend anybody. The Bible's filled with stories of rebuke the oppressor and defend the orphan and widow. Well, how can you do that if you're a wimp? Right? So we have to be strong. We have to remember that most of Jesus's disciples were in their 20s. St. Augustine was 31 when he converted. Richard the Lionheart was 32 when he led the third crusade. John Calvin was 27 when he wrote his institutes. John Wesley was 35 when he started Methodism. And then even Thomas Jefferson was 33 when he wrote the Declaration of Independence. The movement of freedom has always been through young people and young men harnessing their energy and having a godly faith. And I think we're seeing that pendulum finally swing back. It's encouraging. And I think this is, you know, the YMCA was started by George Williams. He was 22 years old. And then it went worldwide. Movements have been started by young men with focus and discipline and faith realizing that their life is more than just accumulating a pile of money that you want to pass freedom on to the next generation.

[Dave Brat]

Yeah. Outstanding. And why God? Right? In the, in the Christian tradition, you just noted a bunch of major figures. So it's, it's empirically traceable. But why? Why are these young men so inspired by God and everything under God as the first principle and the first person in our tradition? Right. Father, Son, Holy Spirit. Why God, Bill?

[Bill Federer]

Every other belief system in the world, Your worth as a person depends on what group you belong to. In Hinduism, if you're a Brahmin in the highest group or an untouchable in the lowest group. In Islam, if you're a Muslim male, you're worth more than a female and more than an infidel. The Judeo Christian faith says all men and women are made in the image of God. So you have a worth simply because you're made in the image of God. And this God is not a respecter of persons. So the very idea of you having worth as an individual comes from the Bible Faith. Right? And so this idea is why Christianity spreads, so does freedom spread. And that's why communism wants to get rid of Christianity. And Islamists want to get rid of Christianity. And therefore your worth is dependent on the uma, the group, the community. And if they praise you, your worth goes up. And if they shame you, they use this in classrooms. It's called behavior modification. Social emotional learning, where they weaponize peer pressure. And they tell the kids, your worth goes up if you embrace this alternative sexual agenda. And if you're one of those old people that hold to being a male and a female, you're hateful. And they weaponize this idea. But. But Christianity says you have a worth irregardless of the group, irregardless of if you're a CCP member or if you can contribute to society. You have a worth because you're made in the image of God. And this is embedded in our declaration. And that's why we're seeing this resurgence of faith and young men and women saying, look, we want to preserve the values we have as individuals in America.

[Dave Brat]

Yeah. And what that. That's. That's great. And at the. At the guts of our faith. But why now? Right? It seems like it's been very easy to go along with a crowd. Right? All these Fortune 500 CEOs just ride the leftist wave. All the Tech bros were riding the big leftist wave. Secular culture. I'm okay, you're okay. It's all about me, me, me. Look in the mirror. We're all egoists. Even in our tradition, we believe that. We believe we need help. Right? We need the image of God to shine in our hearts, to become new people. And so why are the Tech bros all of a sudden? I mean, did the gaslighting get too extreme even for them? Or why are people given the traditions? And I've heard the fastest growing tradition is the orthodox Christianity because it's so rigorous. But so why now, Bill? And about a minute to go.

[Bill Federer]

Yeah. The orderlessness of the left, that there's no values, there's no borders. You don't even know if you're a boy or girl anymore. It's totally confusing. And we shove these kids out on the street and they don't know right from wrong, and they start doing all kinds of crimes. There's a cry in the heart for order. And so you see this move toward Christianity, even RFK Jr. S former running mate, we see people coming to faith. And the Gaslighting has. Lincoln said, you can. You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time. And so this Orchestrated psyops that they've been doing through major media has cracked and people are realizing, look, common sense, it's like the beach ball, you're trying to hold it underwater and it finally slips up and pops to the top. It's like they've been forcing this thing down and finally it's come back up to the top. There's normality coming back and common sense. And again, a purpose of your life more than just yourself that you want to. A good man leaves an inheritance to their children's children.

[Dave Brat]

Yep. Bill, you just triggered me one more minute. And you just said, you know, good and evil in the Judeo Christian tradition, we know what that means. We have some content linked to that. And on the left, they just use these terms, you should be morally good. And you say, what is it to be good? And it's like the classic Plato's form. They say, well, to be good is to be good. It's circular, right. They don't provide. Right. Plato was searching and searching, searching. And so is Harrison. What is the definition of the good? And in the Judeo Christian tradition, the answer is God is the good, and that clarifies things greatly. And so, and, and I. My classic thing here is in Achilles, right, Agamemnon, they say to Agamemnon, a good man, though you are king, Agamemnon, don't rape the slave girl Briseus. Meaning even if he does that horrific, terrible deed, he will still be good because of his position, because he's king. Well, we in the Judeo Christian tradition rejected that view of the good, Right? That is a view of the good that the left has and the Marxists have their view of the good which rejects God. How do you posit what is the content of our the good that we need to contrast with the left?

[Bill Federer]

Yeah, well, whatever you do to the least of these my brethren, you've done unto me, right? So every other society, they consider people with, with handicaps as somehow cursed of God or the strong rule over the weak. And the Judeo Christian faith, Jesus says, whatever you do to the least, these my brethren, you've done unto me. So you're treating people fairly? You know, we talk about the eye for an eye, tooth for the tooth. Oh, that's really strict. No, that was fair. Because in the other cultures, if you say something bad against Hammurabi, right, you lose your life. But if you say something bad against a slave, well, it's just a hand slap because there's a difference. But the Judeo Christian faith, no, everyone's equal. And you show your love for God by showing people made in his image. The love of God, man.

[Dave Brat]

Great to have you on. Bill, thanks for joining us in the war Room. Keep up the great work. God bless you.

[Bill Federer]

Thank you.

[Dave Brat]

All right, folks, I, I was thrown in the last minute. I got my marching orders from Mo Bannon. I'm going to, I think if you guys can put up the Birch Gold screen, that would be great. But Philip Patrick, I got to meet with him out in la. He is as kind and intelligent and smart in person as he is on the war room. He's just down to, I was at an event with him. Everybody loved him and his knowledge base. We were quiz bowling them for 30 minutes and he knows what he's talking about. And so today you're going to see some instability in the markets. It's all going to be okay. But gold is a hedge against this instability. And so go with your financial folks. Talk to them. Call Philip Patrick and birch gold birchgold.com bannon birchgold.com bannon or text Bannon to 989898 and get a free copy of the ultimate guide for Gold in the Trump era. And Steve Bannon has been absolutely key, working together with them on a lot of the literature they're putting out. So be sure to reach out to Birch Gold and then also Jace Medical when you see this China threat coming on board. They have a monopoly, not an oligopoly, a monopoly China on our pharmaceutical supply chains. And so if you want to guard your family's safety when it comes to health and pharmaceuticals and the drugs you need, make sure to chase, check out Jace Medical. J dash A S D calm promo code Bannon Jace Medical. Make sure you have all the pharmaceuticals, drugs, medicines with whatever timeline you think you need for your family. You know your own health care better than the government. J-A S-.com promo code Bannon. We're going out to break. Stay tuned. We got some great folks coming up on Israel. Rabbi Willicki is going to be with us and then maybe a press gaggle after the White House. Stay tuned to the war room.

[Steve Bannon]

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[Dave Brat]

Here's your host, Stephen K. Band. All right, Dave Bratt sitting back in the war room with the great Stephen K. Band. And he's over at the Department of Justice doing justice for a change. It's a new day in America. We're glad to have Rabbi Wolicki on with us right now. Rabbi, I think you're familiar around this country and around the world with the attacks on governments. They say they're in favor of democracy, when in favor, it turns out they're the oligarchs and they're the despots and they're using the judiciary to get their way. We're seeing that in this country today. If you cite that, just the common constitutional understanding that it's the job of the courts, even the Supreme Court, to interpret the law, not make the law, much less make policy, much less execute policy. It's a new day in America and we better win this fight because framers were pretty smart. And so bring us your insights when it comes to Israel. I'm at Liberty University. All politics are my own. But Liberty University is a great friend of Israel, always has been going back to the founding with Jerry Sr. And so glad to have you on, Rabbi. And fill us in what's going on in Israel right now with Netanyahu.

[Rabbi Wolicki]

Well, thanks a lot, Dave. You know, this attack of the judiciary on the government, on the elected branch, on the executive branch that you see all around the world. Like you said, you see it in America, you see it in Brazil where the Bolsonaro election was stolen by a rogue judiciary. So in Israel right now.

[Dave Brat]

The battle.

[Rabbi Wolicki]

Against this judicial oligarchy is coming to a head in a crisis that in America, you Call it a constitutional crisis. Israel doesn't have a constitution. And that's actually part of our problem right now. But it's all coming to a head as we speak. And unfortunately, what we see is that the American deep state is in league with the Israeli deep state. So I just want to set the record straight. So on February 5th 15th, the head of the Shin Bet, that's the term I'm going to use for our general security services. It's kind of like your FBI, but it also has a more external security function in terms of monitoring what happens in the Gaza Strip, in Judea and Samaria, known as the West Bank. And they're really the ones responsible for all the intelligence gathering that failed on October 7th. And since October 7th, we've all been wondering, people in the war room as well, how did Israel miss this? What were the intelligence failures? So that report was set to be released on February 15, the day that it was set to be released, ahead of the Shin Bet, Ronain Barr asked Prime Minister Netanyahu for an extension till February 27. Prime Minister Netanyahu granted it. Now, before I get to what happened on February 27, Ronain Barr, the head of the Shin Bet, is someone who's associated with the left. It's no secret that he's part of. He's really. He's part of the deep state. Think of him in American terms, like a kind of Chris Wray type. And his social circle is the left wing elites who really run a lot of our institutions. Even though the Israeli electorate has shifted very much to the right over the last few decades, we haven't had a left wing prime Minister in over 20 years. So let's now go to February 27, the date he's supposed to release this report, which everyone knows is going to be damning, showing the absolute failure of Ronain Barr himself and his office a failure in decision making. It wasn't a lack of information, it was a lack of proper interpretation of the information because of their biases. On that day, February 27, instead of releasing the report, Ronain Barr announced that his office was investigating Prime Minister Netanyahu and personnel in his office for having dealings with Qatari agents. Meaning, and it's all kind of smoke and mirrors, deep state, Russia collusion, hoax type of stuff, that there is a lobbyist from America who was getting money from Qatar, who was also meeting with people who are advisers to Netanyahu, even though they're not government employees, and trying to influence them in the direction of giving Qatar favorable media coverage. In Israel, et cetera, et cetera. And this has all turned into this so called scandal called Qatar Gate. It's a big nothing burger. But it was dropped on February 27, the day that Ronain Barr was set to release the report. Prime Minister Netanyahu promptly announced that he was firing Ronen Barr, the head of the Shin Bet, which he is allowed to do. Okay, so basically what happens was the Supreme Court said that Prime Minister Netanyahu cannot fire Romaine Barr, which they only have the power to do because they arrogated this power for themselves to be able to tell the Prime Minister what to do. The Prime Minister said that he's going to defy them. And. And basically we have a constitutional crisis. Who's gonna win this? I think Prime Minister Netanyahu is going to win because the police force is on his side. But basically the judicial oligarchy which has been ruling Israel for decades, it's all coming to a head. And Prime Minister Netanyahu is under attack by them. But I think he's going to win and he's going to take them down.

[Dave Brat]

Yeah, there's more. Yeah, we'll get you back out.

[Rabbi Wolicki]

I understand this easily, Dave. Just real quick, on the YouTube channel where I post my videos, the Israel 365, that's Israel and the Numbers 365 YouTube channel, there is an explainer video, 14 minute video that explains everything going on there. Follow that channel and you'll get all my updates from Israel.

[Dave Brat]

All right, great. Rabbi Wolicki, this war room stands firmly in the Judeo Christian Western tradition. And it just sounds like that tradition is under attack around the world. No matter what country you look at, judiciaries are taking power not given to them in any rational universe. Let's pivot to our good friend Mike Lindell with my pillow. Mike, any commentary or sell us some pillows. Give us a good word, brother.

[Mike Lindell]

I'm gonna get right into the sale today, everybody, because as you all know, we had all those box stores that just canceled us again. I even read their names off yesterday. Disgusting, what they did to my pillow. And my employee owned company, they're still getting attacked because I speak out to secure our elections. And here's what we have. This is a war room exclusive. All these towels that were earmarked for the box stores, the kitchen and bath towels as low as 99. I can't see it. There came 997.

[Dave Brat]

999.

[Mike Lindell]

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[Dave Brat]

Yeah, well, we're all on the same page, brother. You stand firm in the Judeo Christian tradition as well. We're so proud of you and what you do. Go support Mike Lindell at MyPillow. We got the great Brooke Ryland coming up. She's Secretary Agriculture. She's a great friend of the war room. Great friend at Liberty University. Going to her, I think, for a press gaggle. Coming up, you see the White House right there. We're leaving this show. We're going. I think we're going to go over to the next show and they're going to hold Brooke Rollins, the Secretary of Agriculture. Stay tuned. Listen to her. She is very smart and shaping the White House agenda.

[Brooke Rollins]

Yesterday, obviously, was a big day and it was an effectuation of the president's vision of national security, of food security, of putting our Americans first, our farmers and our ranchers, which, as Secretary of Agriculture, is really what I'm focused on. I know we're hearing from countries that are kind of complaining about what's happening, but I have a chart. This is sort of shows you the exports of other countries. India, Taiwan, Japan. This is the average 14%. Well, down here, you've got less little bitty. United States of America. Right? I mean, this is what he's trying to fix. And for our farmers and our ranchers, for our farmers and our ranchers, they understand that there may be a short time of uncertainty, but for the long haul, as we restructure the American economy and the government. American economy and our private sector, with the government playing a role in that. President Trump's vision of using tariffs again, I'm not surprised there's some complaining. But at the end of the day, this president committed to putting Americans first. And as part of that are our farmers and our Ranchers. I do one more.

[Dave Brat]

How long is short term about the financial markets?

[Bill Federer]

Because I know you had this chart.

[Dave Brat]

That you just showed us, but financial markets are tanking today. Does Wall street see things differently than the administration? Why are they declining so sharply?

[Brooke Rollins]

Well, listen, y'all, we are a couple hours in. The president announced this yesterday afternoon. We knew that there would be some, some of that as people are adjusting. But at the end of the day, yesterday marks step one. This will be a short time of uncertainty. And then we'll move back to the prosperity that this president has envisioned that he is so bold and so willing to fight for. And I couldn't be more proud and stand next to him. The new golden age of prosperity will move in again for me. I'm really focused on our farmers and our ranchers and that's what we'll continue to focus on. But it will reach every corner of America as we are restructuring. Thank you all so much.

[Mike Lindell]

How long?

[Steve Bannon]

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