Episode 4388: The Judicial Insurrection

Summary

Podcast Summary: Bannon's War Room – Episode 4388: The Judicial Insurrection

Release Date: April 4, 2025
Host/Author: WarRoom.org
Description: WAR ROOM: Pandemic is the first and most comprehensive program to bring the most up-to-the-minute information on the news of the day. Stephen K. Bannon brings medical experts, politicians, business leaders, and those on the front lines for a comprehensive look at the latest news from all and provide their insider insights.

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Introduction

In Episode 4388 of Bannon's War Room, host Stephen K. Bannon delves into the escalating tensions between the United States and China, the impending trade war, and the substantial trade deficit that poses a national security threat. The episode, aptly titled "The Judicial Insurrection," centers on the increasing judicial actions against former President Donald Trump and the broader implications for American politics and the global economic landscape.

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US-China Trade War Escalation

[00:00] Stephen Bannon opens the discussion by highlighting China's retaliatory measures against Trump's tariffs, announcing a 34% tariff on all US goods with stock futures. This move signals a significant escalation in the trade tensions between the two superpowers.

[00:28] Economist Justin Wolfers voices concerns over the market's reaction, labeling the situation as sliding into a "major trade war." Wolfers draws parallels to the 1930s' protectionism, emphasizing the historical context where similar economic nationalism led to disastrous outcomes.

"We are sliding into a major trade war. The last time we saw anything like this was almost 100 years ago...when we had a wave of protectionism and populism that ended very badly."
— Justin Wolfers [00:28]

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Impact on the Labor Market and Economy

Bannon shifts focus to the March jobs report, anticipating market scrutiny. He references a Wall Street Journal interview where he criticizes Donald Trump’s negotiation tactics, suggesting that while Trump's approach garners public enthusiasm, it may compel businesses to undergo significant restructuring.

Phil Kerpen echoes these sentiments, illustrating the domestic repercussions:

"Where are all the products made at those stores overseas? They're going to be crippled... putting signs in the windows, 25% more expensive. Why? Tariffs?"
— Phil Kerpen [01:39]

The discussion underscores the tangible effects of tariffs on everyday consumers and businesses, potentially leading to higher prices for goods ranging from smartphones to essential medicines.

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The $25 Trillion Trade Deficit: A National Security Threat

A central theme of the episode is the $25 trillion trade deficit, which Phil Kerpen argues is a profound economic imbalance leading to jobs loss and wealth transfer abroad. An unnamed economist contributes an analytical perspective, framing the trade deficit as a sum of unfair trade practices:

"The trade deficit is the sum of all cheating, the sum of all unfair trade practices... in a national emergency, where the trade deficit itself is the national emergency and security threat."
— Economist [03:47]

Kerpen challenges Trump's assertion that reciprocal tariffs are effective, pointing out that most trading partners have much lower tariff rates. He contends that Trump's tariffs are disproportionate and lack the foundational "table stakes" needed for meaningful negotiation.

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Judicial Actions Against Donald Trump: The Core of "Judicial Insurrection"

The episode title, "The Judicial Insurrection," reflects the ongoing legal battles Trump faces. Bannon discusses judiciary maneuvers to impeach Trump, portraying these actions as attempts to undermine his authority and economic policies. He emphasizes the significance of these judicial challenges in the broader context of Trump's agenda to restructure the global economic system.

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International Political Turmoil: South Korea's Presidential Removal

Bannon broadens the discussion to international affairs, mentioning the sudden removal of South Korea's president. He warns of "Chinese unrestricted warfare" as a tactic to destabilize allied nations. Colonel John Mills provides a military perspective, attributing South Korea's political upheaval to Chinese influence and strategic manipulation.

"This is Chinese unrestricted warfare. More importantly, this is political warfare... the Chinese communists have totally penetrated the South Korean government society and the election processes."
— Colonel John Mills [41:33]

Mills underscores the vulnerability of democratic institutions to foreign interference, drawing parallels to similar tactics employed against the United States.

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Media Narratives and Economic Perspectives

The episode critiques major media outlets like Bloomberg and The New York Times for their portrayal of Trump's economic policies and the trade war. Phil Kerpen disparages Jillian Tet of the Financial Times and Andrew R. Yang for their analysis, suggesting that mainstream media fails to grasp the grassroots impact of Trump's tariffs on American workers.

Bannon promotes alternative narratives, advocating for policies that prioritize American manufacturing and workforce over globalist agendas. He criticizes the credentialed class and globalist corporatists for neglecting the working class, positing that Trump's policies are a countermeasure to these entrenched interests.

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Economic Strategies and Future Outlook

Bannon discusses potential solutions to the trade deficit and national debt, including investing in physical gold as a hedge against economic instability. He promotes Birch Gold, encouraging listeners to diversify their investments amidst the shifting geopolitical landscape.

Phil Kerpen discusses the Republican Party's potential shift towards taxing the wealthy to address the fiscal gap created by Trump's tariffs. He expresses skepticism about the feasibility of generating a $1 trillion reduction in fraud and waste, highlighting the internal challenges within the party.

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Conclusion: The Battle for America's Future

Bannon's War Room Episode 4388 presents a fervent defense of Trump's economic and political strategies against a backdrop of increasing judicial opposition and international instability. The host and guests argue that Trump's actions are essential for revitalizing American manufacturing, reducing the trade deficit, and protecting national security. They caution against complacency, urging listeners to support policies that prioritize American workers and counteract globalist influences.

Key takeaways include:

• Escalating US-China Trade War: Reciprocal tariffs as a strategic move to address long-standing trade imbalances.
• Significant Trade Deficit: Framed as a national security threat necessitating aggressive economic policies.
• Judicial Challenges: Viewed as a concerted effort to undermine Trump's agenda and reshape American governance.
• International Concerns: Highlighting South Korea's political turmoil as an example of broader geopolitical strategies by adversarial nations.
• Investment Strategies: Advocacy for physical gold as a protective measure against economic uncertainties.
• Media and Narratives: Critique of mainstream media's failure to represent the true impact of trade policies on the working class.

Overall, the episode underscores a narrative of resistance against both external economic pressures and internal political challenges, positioning Trump's leadership as pivotal in navigating these turbulent times.

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Notable Quotes with Timestamps:

• "We are sliding into a major trade war. The last time we saw anything like this was almost 100 years ago...when we had a wave of protectionism and populism that ended very badly."
  — Justin Wolfers [00:28]

• "Where are all the products made at those stores overseas? They're going to be crippled... putting signs in the windows, 25% more expensive. Why? Tariffs?"
  — Phil Kerpen [01:39]

• "The trade deficit is the sum of all cheating, the sum of all unfair trade practices... in a national emergency, where the trade deficit itself is the national emergency and security threat."
  — Economist [03:47]

• "This is Chinese unrestricted warfare. More importantly, this is political warfare... the Chinese communists have totally penetrated the South Korean government society and the election processes."
  — Colonel John Mills [41:33]

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Disclaimer: The views and opinions expressed in this summary are those of the podcast hosts and guests and do not necessarily reflect the official policy or position of WarRoom.org.

Transcript

[Steve Bannon]

China is now hitting back, retaliating against the Trump tariffs, announcing this morning it is now slapping a reciprocal 34% tariff on all US goods with stock futures. I mean, this is not looking good. The next piece of data that investors and beyond are also going to be looking at this morning is the March jobs report. It comes out next hour. To date, the labor market. Labor data has painted a picture of a jobs market that's cooling but not contracting. Is that all about to change?

[Justin Wolfers]

Absolutely. I mean, we're looking at absolutely brutal reaction from the markets yesterday, and it could easily get a lot worse today because we are starting to see the beginning of the retaliation. And there's no polite way of putting it. We are sliding into a major trade war. And the last time we saw anything like this was almost 100 years ago, back in the 1930s when we had a wave of protectionism and populism and patriotism, a nice word for nationalism, that ended very badly. So, frankly, looking back to the future right now is a very good guide to what's happening.

[Steve Bannon]

I want to read to you something that Steve Bannon told the Wall Street Journal that he said when it comes to negotiating with other countries, every day will be like Christmas. At the end of the day, what really excites him is talking about a deal with Canada, having Witcough update him on Russia, and then whatever small wins he gets, they're going to act like it's a big giant win and run a victory lap. That's all great for the show. And this goes back to what I said. Donald Trump is great at the show and the performance, but we could see businesses be forced to restructure.

[Phil Kerpen]

Right.

[Steve Bannon]

Think about any business, Justin, that's in a shopping mall.

[Phil Kerpen]

Right.

[Steve Bannon]

Where are all the products made at those stores overseas? And right now, they're going to be crippled. It's not just like they're going to have to change the price tags. They're going to be putting signs in the windows, 25% more expensive. Why? Tariffs?

[Phil Kerpen]

Yeah. I mean, so Trump claims these are reciprocal tariffs and that that sort of says, he says, you know, we're getting ripped off. So therefore, in Trump's mind, the stakes here are really high, that if he strikes a deal, he'll be able to stop us getting ripped off. The problem with that is it simply isn't true. Most of our trading partners have average tariff rates of 1 to 2%. Trump is about to move the United States to 20%. We will have tenfold higher tariff rates than any other country. Even if he Strikes all the best deals in the world. He'll be only able to reduce tariff rates by 1 to 2% because that's all they currently are. He's starting a fight where there's no table stakes. When you win, let me kind of.

[Economist]

Give you the, the, the economist tools because it's based on concepts like export and import, demand elasticities, currency adjustments and things like that. But here's, here's the analytical issue we' to do under the principle that the President wants to charge those countries what they charge us. As you pointed out, Vietnam has a tariff applied tariff rate. It's much larger than ours, but doesn't come near the tariff we've charged them. So question is, how do you value the following, Phil? So let me count the ways. You got to value currency manipulation. You got to value the VAT tax distortions, dumping, export subsidies, technical barriers to trade, agricultural barriers to trade quotas, bans, counterfeiting, intellectual property theft, and all of that. So here's the punchline. If you look at the trade deficit, which every country runs from us, the first thing economists should tell you, ask the next one you have on your show, should the US have chronic and sustained trade deficits?

[Phil Kerpen]

No.

[Economist]

There's a economic theory they should not. So what the trade deficit does for any given country, it's the sum of all cheating, it's the sum of all unfair trade practices. And in a national emergency, where the trade deficit itself is the national emergency and security threat because it takes our factories, our jobs and transfers wealth abroad, the reciprocal tariff is that which reduces the trade deficit with each country.

[Phil Kerpen]

This is just Trump gone hogwash, willy nilly. Nobody knows what's going on, even at the White House. I mean, when they announced this, Trump in the Rose Garden had his whole chart next to him. Fair enough, let's look at the tariff chart. But go pull up the White House website and you'll see something totally different on tariff numbers. They don't know what they're doing. We are dealing with a dangerous amateur hour in this White House and everybody's lives are going to be affected by this. Because if this kicks in like we think you're going to see prices of smartphones go up, produce avocados is the one people are mainly focused on. But any kind of, you know, generic medicine that you might need to have a cheaper, you know, type of prescription than you would get normally from your pharmacy, one could go on and on. This could unravel. And nobody has confidence that Trump really knows what he's doing. He just Wants to do something audacious and big.

[Steve Bannon]

I can tell you this right now. What we're seeing was positive. It was we blew it out of the water. Even all the economists that looked at this thought we were going to have a depressed jobs report and we didn't. So that's a testament to the President the economic output that he is doing. Look at the rose garden that we had the other day. Who was in the audience? It was all the American workers. We had our Teamsters there, we had our United Auto Workers there. We're seeing those investments pay off and I would expect that to continue.

[Phil Kerpen]

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 going to 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? MAGA media I wish in my soul, 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. War Room here's your host Stephen K. Ban. It's Friday for April in the year of our Lord 2025 Day 2 guesses the morning of the morning after the war room engine room today reported that CNBC called it the fog of tariffs. I have to pull that clip. It's not so foggy here. I've just got to see this thing through. A complete total reorganization of the world's economic system, trading system and at the same time a reordering of the world's geopolitical or geostrategic by one man, Donald Trump that is executing this today. Just put out another tweet. Hey for everybody investing in the United States I'm rock hard here on policy. Not going to move. We're dug in my sources tell me and we're fairly dialed in at these countries around the world. They're signing up people like crazy to come to Washington D.C. to surrender and say yes. Mayor Cooper Mea Cuba Mayor Maxima Koopa we are wrong to have not just tariffs, can't look at tariffs but the non tariff barriers to stop American goods being sold. Just go around the world. If you travel around the world, how many American cars you see in Japan? None. How many American cars see in Korea? None. How Many American cars you see in Europe? Very few. Next to none. How many in Germany? Definitely none. Speaking of career, we'll get to that in a moment. The judicial insurrection, just not in federal court in Washington D.C. where a judge who should we should start impeachment hearings next week is trying to insert himself between the commander in chief, the commander in chief's responsibilities, South Korea, they removed the president last night. I would certainly hope that somebody in the State Department, somebody the Defense Department is on, is on watch here. I would argue that the South Koreans are one of our principal allies and we're going to lose the South Korean peninsula and all those good folks and, I don't know, 28,000American troops that are there. More on that in a moment. We're going to play a clip and then bring in Colonel John Mills. Shelly Krumer is going to be in later as a businessman, a guy that had his life turned upside down because of this and he's asked for sustained tariffs, whatever the number is. He loves President Trump's plan. But as all small businessmen and we can revitalize this country with small and medium sized manufacturing. It can be done and it will be done if you stick, if you just hold the line. Don't let that, don't let the meltdown on Wall street because it's temporary, it's all good. It's been quite orderly. And you get Katie Turi, you get all these people running around, they're trying to instigate a crash. You know this, they think this is their new way to take out Trump. They can't get it on the signal chat, they can't do it in the streets, they can't do it at the Tesla dealerships. Everything they do is not to help the country, it's to take on Trump. One thing that's quite evident is Ezra Klein's book Abundance, which I think comes to these kind of weird and wrong conclusions. But it's quite brilliant in its analysis of the credentialed class. What the Democratic Party's been coming to the credentialed class. And you see it right here in tariffs. You never see the working through of how this helps America and American workers. All you have is running around repeating the same talking points that the Wall street crowd wants to give it to you. I don't know if you have it. The New York Times, I think I got to you. The New York Times article. They expose themselves, their big article, their lead article about this whole thing is how a house, essentially a house for millionaires, how a house for millionaires is going to cost more because Trump's tariffs means that either the goods from overseas that we shouldn't be using to build these houses is going to cost more or it's going to come back to the United States. And oh, by the way, they throw in, they say not just the goods, but then they throw in that 25% of the construction industry's illegal alien slaves. And they imply in the article, that's all good. This is why in the Rose Garden you had union people, union people cheering on President Trump. The trade deficit accumulate. Our debt is 37 trillion, 38 trillion exploding every day because we're not dealing with it. And oh, by the way, Elon, before you leave town, I just need you to check in and show me where the trillion dollars of cuts are. We're your biggest supporters. We're your biggest supporters. We need to see. Said it the other day. Trillion dollars this year. I need to see that. This is urgent. It's an urgent request. We need to see it and for cash. Patel and Pam Bondi, our brothers and sisters over the Justice Department. Will you please start. Just announced you got a grand jury on. It's a trillion dollars in fraud. Just give me a name. This is like now our version. We have to own this. This is our version. We gotta own it, folks. We're saying it's trillion dollars in fraud and waste. And you're all these mean guys are running around, they're calling me, hey, I'm all good. I'm all good. We need the trillion dollars a cut. I need to see Russ vote or somebody actually sign off and impound. Let's have a thing to impound wherever that money went, boom, impound it. And I need to see one name. Just like in HB1 visas of the millions that are here, show me one. One visa, one that's more educated or has more work experience for the billet they took. Please show me that. Same for us. Let's have a cell phone here. Yo, Cash. Yo, Pam. Can I have one name? Just one. Give me one name. On fraud, there should be millions of names and we want them all. That has to happen. If you've stolen this money from taxpayers, everybody in the chain of command ought to be indicted. And the people that actually took the money ended up ought to be indicted. Got to do it. So there's 37 trillion debt. But remember the other big number that's inextricably linked that Wall street never wants to talk about? If you google something, it's not easy to find that's on purpose. Like Google, total Medicaid spending, you can't find it. You got to go to like nine places and do all kind of backflips. It's like what the White House had to do with the reciprocal tariffs. The globalists don't want to put that up there. The trade deficiency is since China came in, since we allowed China most favored nation and World Trade Organization $18 trillion. The United States $18 trillion. 62% I think of our GDP, $25 trillion. If you take it from when the first trade deficit occurred in 1974. Man oh man. Nixon, Carter, Watergate, all of it. The Arab oil embargo, going off the gold standard, starting the trade deficits. 70s time of turmoil. Took Ronald Reagan and Paul Volcker to sort that thing out. Now we got Scott Besant and President Trump. The fog of tariffs. Trump is not going to blink. You can already see the world's blinking. And the more they throw Gillian Ted at the FT up there and she's. Her hair is on fire. And that's the worst thing. I'll play that again. This is the worst. Populism and Smoot Harley. How many times are going to beat the horse of Smoot Harley to death? It's a different era, different deal. President Trump enforcing his will. That's what this is about. This a test of wills right now, folks. Maga, are you up on the ramparts? We got his back. Short break. We're going to discuss that next. You don't go out and buy a life jacket when the boat is already sinking. And you don't buy gold when the economy has already collapsed. Clearly others are heeding this advice as gold hit an all time high the first part of 2025 multiple times. It's not too late for you. The company I trust to help you diversify into physical gold is Birch Gold, the company I buy my gold from. Birch Gold specializes in helping you convert an existing IRA or 401k into a tax sheltered IRA and physical gold for no money out of pocket. Just listen to this five star review. Quote knowledgeable, helpful, non pressure, end quote. That's what you get with Burt's Gold and that's why I've endorsed them for so long. Get your free info kit on gold by texting the word Bannon B A N N O N to 989-898. There's no obligation, just useful information with an A plus rating from the Better Business Bureau and countless five star reviews. Text Bannon B A N N O N to 989-898. And let the experts at Birchgold help you secure your financial future today with gold. Here's your host, Stephen K. Ban. Okay, I just gave that chart for the New York Times. Let's, let's, I tell you what, let's play the clip. Let's play the clip. We're going to produce your life. Let's play the clip we just played in the last segment on the jobs thing. Tell me when it's ready. Just hang, just tell me when it's ready. President Trump's dug in his true social. I want to thank the great Matt Boyle. Give me a heads up on this because we've been juggling a lot of balls here in the war room this morning. Trump is dug in as he should be dug in. Let's play this clip. This is from the Department of Labor today over at, I think they're on CNBC early this morning. Just play a quick one and we'll come back.

[Steve Bannon]

I can tell you this right now. What we're seeing was positive. It was, we blew it out of the water. Even all the economists that looked at this thought we were going to have a depressed jobs report and we didn't. So that's a testament to the president the economic output that he is doing. Look at the Rose Garden that we had the other day. Who was in the audience? It was all the American workers. We had our Teamsters there. We had our United Auto Workers there. We're seeing those investments pay off and I would expect that to continue.

[Phil Kerpen]

Okay, a blowout number. President Trump is putting up true socials this morning. You know, reinforcing. He's dug in here in the reciprocity and the market, you know, it's down. But hey, it's a, it's, people got to think through. A lot of this is juiced. The Dow Jones Industrial is juiced by the Mag 7. It's all the, it's all the AI hype in big tech oligarchs. Excuse me, that's not Main Street. That's not the country. What President Trump is doing is fundamental to this nation. You can't live with a $25 trillion trade deficit. That's $25 trillion has gone out of this nation to buy goods from foreign sources that game the system, principally in China. The deficit since China's come in is in the early 2000s. Think formally all in is, is $18 trillion. I have on Getter this morning. If you haven't gotten Getter, it's a free app. Go together because this is Where I'm putting up stuff all night. If we can pull that. A Warren Buffett article. The Oracle Omaha in 2003 when the trade deficit was virtually. It was big, but it was nothing compared to today saying it's the end of the country unless we take care of this. Ezra Klein's book says the Democrat, the credentialed class like those little kids in school, remember in grade school all the suck ups. And I'm sorry if this sat in the front of the class and teacher, teacher, teacher, it's all about process and the turnaround. Hey, Bannon's, you know, goofing off in the back. That's what the Democratic Party is. These little things, you know, you got signal and you got the terrible running around. It's all process to them. If you outside of their bandwidth of what they understand as a process and their bandwidth is quite tight and tiny. It only thinks of citizens of the world. We want every nation to thrive and prosper, but not at the expense of American workers. That's the system we have today that the top 1% or the top 3%, glean it all. Because that's the connective tissue to the globalist apparatus they have set up and let evolve to that detrimented this country. That is the raison d'etre of Donald John Trump. This is the core of his being. This is why he ran for public office. This is why he didn't flinch when they came after him to throw him in prison. This is why he didn't flinch when they brought the phony charges about him, you know, assaulting women. This is why he didn't flinch when they tried to bankrupt him. This is why he's never flinched. He's an armor piercing shell. He has gone to the globalist apparatus and hammered them. Trauma inducing, hammering. They're not even making any sense. When you see on TV and you got Financial Times and New York Times and it's all a terrible Babel. It's all gobbledygook, as my beloved mother used to say. They can't even get their narrative. It's just he's done something different. And in the Rose Garden, who stepped up to the mic? A union guy. A union guy. If we can go to get, if we can go to my getter, Bloomberg, Now Bloomberg has two. Bloomberg has three things and Michael Bloomberg's worth, I don't know, $80 billion, $100 billion because he's a bond trader and got an idea. His big idea is what about if we put all the information on Earth that comes across this thing called the Wire and later the Internet right on a terminal. So a bond trader that has to make decisions in a moment, in a moment's notice about what's happening in the world. By the way, the 10 year treasury is at under 4%. Gold's backed off a little. That's one of the reasons I think you can tell that it's not a total meltdown. Otherwise they'd be pounding in gold like nobody's business. On the Bloomberg's got three, he's got the tv. If you ever want to see news, the one we monitor the most, MSNBC and Bloomberg tv, Bloomberg TV I love. If you ever feel lonely, you want companionship, you know, the middle of night and you know, maybe the bad habits you want to get away from maybe having another beer, doing whatever you're doing, have another piece of chocolate cake cut. On Bloomberg TV it's 24 hour news now. It's business news, but it's covering the news 24, 7. It's actually like you're sitting in the Situation room. You get 24, seven. Boom, boom, boom. Asian markets open, European markets open, then the back to the United States. It starts to cycle over again. He's got that, he's got the Bloomberg news and opinion and all those sorts of things right the other day, Josh Green over Bloomberg News, who covers President Trump in the White House, moderated the panel I was on. But then you have what is called the terminal in the terminal gets information to the people, pay a ton for the terminal. It's 100,000 bucks a month or some, some outrageous number. And this is why Bloomberg's worth $100 billion. It's the terminal to the bond traders and it connects all the capital markets in the world, every desk that's important, the world is connected to this. So if you're on the terminal news, the Bloomberg people who are curating this and want to make sure they get paid that hundred thousand dollars on each terminal, make sure that this news is meaningful to reality. Meaningful to reality. So they don't put a lot of opinion up there. This is hard news that people can take and they can absorb it. And lo and behold, what is up on the Bloomberg terminal today? Lordy, lordy, lordy. Republicans are looking at a good old fashioned tax increase for the wealthy, yo. And you know why? People behind the scenes are working the numbers and there's this gap of $2 trillion. We understand that. And Elon supposed to bring in a trillion of, of waste, fraud and abuse. God bless you we're waiting for it. Howard Lutnick said, I'm going to generate a trillion dollars in, in tariff fees. Not so sure that's going to happen. But Nirvara says It could be 100 billion this year, 600 billion, whatever the number, it's going to be something. Okay, Scott Bess and those guys got a growth rate in there. And the growth. And even with the current tax structure boom. But also the cut in taxes and no tax on tips. Supposed to be no tax on overtime. Right. No tax on bonuses. And the big one, no tax on your Social Security. So that leaves you in a bigger gap at the end of the day. You got to close it somehow. And they're talking about for the, either the top bracket doing what's called a snapback back to I think the 39% or setting up a new category of if you make a million bucks a year or more, you have a different tax rate. My point, in the last 48 hours, Donald Trump and the Republican Party have put forward a plan of not tariffs, but an economic plan to revitalize this nation as a major manufacturing superpower and to revitalize her citizens with well paying, meaningful careers, not just jobs, careers. And that a young person wouldn't have to go to college to an indoctrination center and get some DEI approved degree and take out hundreds of thousands of dollars of loans that you can't pay back because you don't, you can't get a job with that crap. You just become part of the whiny credential class, are going to sit around and whine all day at a Starbucks, look to get into trouble and at the same time understand the fact that the wealthy, the top 1%, the top 3%, have got to pitch in here and help us cut this deficit. You got to back off your lobbyists. You got to sit there and say, hey, these cuts have to happen. And if not, and we need more tax cuts for the working class and middle class, particularly no tax on Social Security, then you got to plug the gap. You have to plug the gap in 48 hours. The Republican Party has put in, let me say this differently. Donald Trump has put in tariffs. I haven't seen a big chorus, you know, Mike Johnson and the crowd over at the House. I haven't really seen a show of force like, you know, the time they, when they want something, they want a tax cut for their donors. They all get on the Capitol steps and there's like, you know, 400 of them or I guess 220 of them. They're all up there for a group shot. Like it's first. You know, it's the last day of third grade and you're getting your class picture. Mike Johnson sitting there, Polly Pox sitting there, a big old head of his smiling that goofball smile. Don't see a big course coming out for the tariffs. They're still working through that Austrian economics playbook. Wow. Did Milton Friedman say this? The Ayn Rand say this? We got it from. And I love Rand Paul. He's a good man. He gave you the old libertarian Cato Institute, Coke. We know. We want open borders on labor. We want open borders on capital. We want open borders on product. You'll have a great country if you do that. Bran. That'd be lovely. That'd be lovely, brother. Why is that stuff all coming to Kentucky? McConnell and Rand Paul. And I love Rand Paul, but gotta get his mind right on economics. Tax increases for the wealthy on the Bloomberg terminal. That means it's kind of a fact. Not saying it's gonna happen, but they're giving them a heads up that this thing is in the works. Lordy, lordy, lordy. Who to thunk it on a Friday in the war room. Short commercial break. We're back in a moment. Health isn't just a personal issue. It's a family issue, a community issue. We're living in unpredictable times. Supply chains can break down, hospitals can get overwhelmed. And let's not even start on the natural disasters. 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[Justin Wolfers]

Absolutely brutal reaction from the markets yesterday. And it could easily get a lot worse today because we are starting to see the beginning of the retaliation. And there's no polite Way of putting it, we are sliding into a major trade war. And the last time we saw anything like this was almost 100 years ago, back in the 1930s, when we had a wave of protectionism and populism and patriotism, a nice word for nationalism, that ended very badly. So, frankly, looking back to the future right now is a very good guide to what's happening. Yeah, absolutely. I mean, essentially, Donald Trump and his team is indeed trying to reconfigure the global trading, financial, economic and tech system. Can he succeed? Well, he can certainly smash things up dramatically. He's essentially already smashed up a very carefully constructed pattern of collaboration that was created in the last five decades. And in many ways, we are going back to the 1930s, because it's worth remembering that when we had the explosion of protectionism in the 1930s, that came after another long period of globalization, before World War I. That went dramatically into reverse after that, with tragic consequences. So we have to hope that history isn't repeating itself this time round. But the key point I want to make, which I covered in my book this morning, is that essentially in my column this morning, we're used to analyzing trade through the lens of neoliberal economics. People like Adam Smith and David Ricardo. That doesn't work anymore. We have to go back and look at the current policy framework, frankly, using the tools from the 1930s. And there's writers, economists like Albert Hirschman, who looked at power politics and bullying, which is much more relevant to understanding what's happening today.

[Phil Kerpen]

Power, okay. The Financial Times of London. That's Jillian Tet. Wonderful person. She's just wrong about everything. I mean, she's brain on currency, but on this world, reels from Trump trade shock. She said carefully constructed. Carefully constructed, you're correct, ma'am. Carefully constructed in the last four or five decades. Did I mention we have a $25 trillion trade deficit? Why is that? Never talked about. The person used to talk about that all the time was Lou Dobbs. And he said the day was coming that you were not going to manufacture anything in this country. And working class people are going to work three jobs and you're going to have what, I don't know, 10, 15, 20 million men not even looking for work anymore. You're going to be important at all. And they're going to play games. Like the NAFTA thing will make it right south of the border, Mexico. Just drive it right up. The day's over. This is the core of President Trump, of why he ran for public office, of why he came Back if he had just gone to Mar a Lago and stayed and played golf and bought more golf courses, none of the attacks, they wouldn't try to put him in prison. They wouldn't try to get him for insurrection, they wouldn't try to bankruptcy, they wouldn't try to bring up these women over and over again. Everything to destroy a man. And that only made the working class, and particularly African Americans and Hispanics say, hey, look, I see how the system rolls. Why are they coming for this guy? I'm not so sure about these policies. Let me think them through. And then when you explain the policies, people go, okay, I get it. He's putting American workers first. He's putting the American middle class first. He's putting the forgotten man and woman. That's why last night I played that part of the address from the first inauguration. He realized he had unfinished work. That's why, like Cincinnatus, the heroic Roman general, he came back to do it again in the greatest show of moral courage in the history of this nation. And now we're in it, folks. And now we're in it. And you got guys over in the Senate right now who owe their entire political being to President Trump. Their entire political being to President Trump. And they're over there right now working with Democrats. And Democrats have sold out the working class. What did 2024, not a wake up call to even the rhino Republicans of what the party's become and why you're winning. Let me repeat. We have a $25 trillion trade. What does that mean? That the wealth of this country has gone to other places, principally to China. And even there an intermediary to go back to the lords of easy money on Wall street that shipped, that got the factories over there in partnership with the Chinese Communist Party. How's that going to look 50 years from now when they look back in history? It's the same as the Wall street guys that financed Hitler and the big corporations that finance Hitler. You think Hitler came out of nowhere? You think Hitler came out of nowhere? You would be incorrect. He had plenty of backing behind the scenes. Just like the Chinese Communist Party, another murderous dictatorship has got plenty of big money backing and big corporation backing and big oligarch backing and who's who, the saps. They come after the working class in the United States of America because you've been sold out by your elites, sold out by your elites. And now they have the gall to sit there and go, my million dollar house could be a little more expensive because I'm not Going to use slave labor and I have to buy product from here in the United States or America. The New York Times article epitomizes the globalist mentality. They hate this country and they particularly hate you, full stop. Why are they pulling their hair out? You know, Stephanie Ruh, I'm talking to these corporate CEOs. Screw these corporate CEOs. These CEOs are the same guys that rolled over the men and women that rolled over for DEI and for. And for getting rid of everybody. Right. If you were Trump supporter, didn't want you. The worst element in this country are the corporatist, the globalist corporatist who use all the benefits of the United States of America and what the little guys provided as far as social stability but don't think anything about giving anything back. They only want to be hammers. Oh, they'll take a commercial. But o take commercial and they'll wave an American flag. Have a couple of cowboys on there, some good old boys riding a horse and put an American flag and put some patriotic music. And the saps are supposed to buy that. Gosh, they're pro American. And guess what? They gave a couple of dollars to a veterans, a veterans fund. They're patriotic. Gosh, what great Americans. Give me a break. You want to see how great Americans they are? Look at what's happening right here. And they say we're only looking for economic efficiency. No, no, no. You're looking for slave labor in a better deal. Oh, hey, here's Trump's. Here's Trump's mantra. The best deal's got to be for people in this country. You as citizens get a premium. Why not? The whole system is on your shoulders. Jillian Tet just told you for the last five decades we've had a system that's, you know, working pretty well. Yeah, it's working damn well for the city of London and damn well for Wall street and damn well for Singapore and damn well for Frankfurt and these other money centers. It's working great for the oligarchs in Silicon Valley and the Mag 7. The Mag 7 that hyped all this on AI. Anyway, their stocks are coming down and Katie T. I said yesterday. Katie Tur spent the entire hour yesterday trying to gin up a Kramer moment where Kramer got everybody all worked up in 2008. You must, if you need cash, he told people, if you need cash in the next five years, you must sell your stocks. Today. The people in the day show go, what? What did you just say? Katie Turr spent an entire hour on the Floor of the New York Stock Exchange yesterday trying to gin up with the bonehead. Steve Leesman from Columbia Journalism School. Never traded us, never sat in a pit or traded in his life. Knows nothing about capital markets or really economic. Just a big liver lipped liberal spouting his nonsense. They sat there and trying to gin up a route. Yesterday they tried to gin up a panic. And let me repeat, Katie Tura doesn't know the difference between preferred stock and livestock. And to have her down there shows you how pathetic MSNBC is. Let's go. Can I play the clip? I want to go to. Listen. Judges right now are trying to. They're trying to get a contempt charge on Trump. They're trying to stop Trump in every aspect, including tariffs, which now they're suing like crazy. The judicial insurrection in the United States is the main event of the Trump agenda going forward. In Brazil, our great ally Bolsonaro is on trial for his life for why? Questioning an election. Why? They come after Trump for insurrection, questioning a stolen election. Four years in prison for Le Pen. In France, Romania, they threw out the winners election. No, can't do it. And in South Korea last night they removed the President. Now is this guy the greatest guy in human history? Probably not. But he's an anti communist, anti ccp, duly elected by the South Korean people. And somebody better wake up. I would like to have seen Pete. And I realized Pete was making the distinction of the three island chains, but man, oh man, stop in South Korea been very important. We got to somehow somebody, the State Department, Defense Department, somebody got to step up to the plate and say, yo, what's the CCP doing here? We just went to war with the CCP last night. Heck, they got ships all around Taiwan. Oh, just an exercise, totally random. Don't know how that occurred. They punched back last night. They're going to give as good as they get, they say on trade. Good luck with that Xi. As your economy melts to the ground. Let's play this clip at South Korea, folks. We're not back. We got it back. Boston, we need to come out first off that judge or throw a OFAC ruling on him and cut his visa off, cut his passport or anything he's got to the United States, cut it off, seize all their assets up here. Start playing smash mouth with Lula's government and these judges and tell them you ever come to the United States again, you ever flying. I think he went to University of Texas, Dallas, get an award, we're going to lock you up in South Korea. We Got a big problem. Let's go and play the clip. Teton underneath. What's saying that's in the original Korean that was live a little while ago. Colonel Mills joins us. What it basically said is that they've impeached him and removed him from office and they give him X amount of time to get to the presidential palace. They rolled on this one hard and they rolled fast. Colonel Mills, we got a minute here. I'm holding through the break. What the hell happened here?

[Colonel John Mills]

Well, this is Chinese unrestricted warfare. But more importantly, this is political warfare. We taken our eye off the bubble on what's going on, and we also been focused on Taiwan. Well, they just took out our right flank and the judges caved eight to zero, sustaining the impeachment. They had to have six. If only two of the four conservative judges had held their ground, it would have been Yoon back in office. But this is absolute political warfare. Our experts have no clue, air quote, experts have no clue as to what's going on. This is a total pervasive Chinese. Look at that.

[Phil Kerpen]

Look at that right there.

[Colonel John Mills]

You saw one of the transgender flags. Yeah, see? Yeah, it's all about the flags. They were waving the blue and green and the transgender antifa communist flag. The other side was waving the South Korean and the American flag. I call it the Colorado.

[Phil Kerpen]

Yeah, hang on for a second. I'll hold you through the break. We're not saying you is. Yoon is not Ronald Reagan, but he was a conservative. He was in there. And this thing came out of nowhere. I mean, the other guys had kind of been reprieved. And this came out of nowhere. They moved unanimous, including four conservative judges. But the judges, just to connect dots, the judges removed the sitting president that won a fair and square election and was complaining about election interference and election fraud when this whole thing started with the martial law incident happened. And you're right, with everything around Taiwan, it's time now to look at South Korea. Back in a moment. While we may have won this election, the fight to restore our great nation is only beginning. Now is the time to take a stand, and Patriot Mobile is leading the charge. Only America's Christian conservative wireless provider, Patriot Mobile, offers a way to vote with your wallet without compromising on quality or convenience. Patriot Mobile isn't just about providing exceptional cell phone service. It's a call to action to defend our rights and our freedoms. With Patriot Mobile, you get outstanding nationwide coverage because they operate on all three major networks. If you have a cell phone service today, you can get cell phone service with Patriot Mobile with a coverage guarantee. But the difference is every dollar you spend supports the first and second Amendments, the sanctity of life and our veterans and first responders. Switching is easy. Keep your number, keep your phone or upgrade. Their 100% US based customer service support team will help you find the perfect plan. Now, right now go to patriotmobile.com Bannon or call 972 Patriot. So call 972 Patriot or go to patriotmobile.com Bannon you get a free month of service. That's a free month with promo code. Bannon. Switch to Patriot Mobile today and defend freedom with every call and text you make. Visit patriotmobile.com bannon or call 972 Patriot. Remember, you get a free month of service. Do it today. Here's your host, Stephen K. Bannon. In times of turbulence right now, gold every couple of days setting an all time high, backing off a little bit and I think that's a good sign for how Trump's tariffs are playing and really the resetting of the of the geo economic order to make sure that we can start to work down this trade deficit because that's where we got to get to. I'm not sure you're ever going to pay a nickel on the face amount of the debt. Not seeing it. If we can pay the interest without having to increase the interest payments I will be lucky because the interest now going to explode. I guess we're coming down under 4%. It'll help but the interest just given the scale of the debt is going to get over three and a half dollars gross amount. Birch Gold Take out your phone right now. The first thing you want to start with I think the simplest is Tex Bannon B A N&O N at 989-898 get the free brochure Investing in Gold in silver in the era of Trump the ultimate guide. This kind of walks you through the basics. Bang bang, bang. And then you can get in touch with Philip Patrick and the team Ed Birch Golden Ham walking through it. Also the end of the dollar empire really wants you to read the six free installment Modern Monetary Theory. You'll see the concept, the idea if you got two big ideas playing out. One is monetary theory which hey deficits don't matter, it doesn't matter. Let's just run them up, see how that's working out for us. The other big theory is unitary executive. That would be Donald Trump chief executive commander in chief, chief magistrate and law enforce chief law enforcement officer of the United States government. We're battling that One every day in a federal court. So make sure you go to birchgold.com/bannon. Get in touch with Philip Patrick team. Those are guys you need to talk to. And what you want to discuss is physical gold. You want it. Where you put it is your choice. But you want to have it and have access to it now more than ever. So, John Mills, tell me. Give me the solution at 60 days. We had years to plot and plan the return. They've got 60. They dropped this thing on them right away. It sounds like this thing's totally rigged and cooked, but hey, I'm just an outside observer. So starting now, 60 days from today, they will have a new presidential election.

[Colonel John Mills]

Yes. Take a deep breath, take a day or two of rest, and then get back on the Rampart. South Koreans. What they're trying to do is destroy hope. And I've been watching so much social media from the South Koreans. It's what we went through initially. After January 6th, January 20th, it's over. There's nothing we can do. We'll never have a free election ever again. That's what they're trying to do is destroy hope. Destroy hope. Hey, just like us. Shake it off. Get back in the game. Get back on the ramparts. Let's show these three slides real quick, please. The first one. And just for you in the center. You're right, Steve. He was not Reagan or Trump, but he was a good first try. It's just not in the DNA of the conservatives, but they came together under Yoon. Now it's. Han is the president. He's been reinstated because he was impeached also, but that was overturned. So Han's not, you know, a super duper. He's more like kind of, excuse me, a Mitt Romney. But there's others. But Lee is on the left. He is a communist. He's. And he. He calls us occupiers. Those are fighting words. Let's go to the next slide, please. This is really what happened. Our air quote experts were asleep. They were focused on the North Korean penetration of the society that went away 10, 15 years ago. And we've talked about unrestricted warfare. The tip of the armor piercing shell in China's unrestricted warfare is political warfare, which we have. Our capability went away in the 50s for that, the Chinese communists have totally penetrated the South Korean government society and the election processes. The National Election Commission, the Association of World Economic or World Election Bureaus had USAID bumper stickers all over their website. Things that shocked me was drug liberalization. I was shocked I didn't realize what had gone on in South Korea. Hey, I know we have libertarians watching the show. I know we have the old Aunt Sally needs it because of her cancer. This is the camel's debt. This is for destabilization of society. The LGBTQ advocacy. I call it the Colorado strategy. This is how Colorado was undermined. It's same game. But what we need, we need an ambassador over there. Just like our two highest ambassadorial priorities, South Korea and the Bahamas. South Korea and The Bahamas got 60 days. Got to get it together. And you know, they have three different folks. They got Ahn, who's in the National Assembly, Kim, who's the labor minister, Hong, who's the mayor of Daegu. These are more toward hardcore populace. We got to get together in 60 days. And I know the South Koreans and the Wu Maos have been all over social media, all over social media for.

[Phil Kerpen]

The South Korean, our brothers and sisters in South Korea, we're going to be all over this, like Brazil and there's action happening on Brazil. We can't talk about now, but things are happening. And the South Koreans, I tell you, I've spent so much time there as a naval officer and later as a, as a financier and a businessman. And they are just great people. I mean, great people. It is a amazing country, Amazing people. And they're a great ally. I mean, and they are an ally. Now we got some issues on trade, but hey, we'll work all that out. But right now with all the focus on Taiwan, the CCP, this is 1 million percent backed by the Chinese Communist Party. And you got some radical elements over there, some radical elements just like we have here. This is like a color revolution. Color revolution. Comes Korea. Colonel Mills, you're putting up stuff all day. John. Where do they go to get all your information?

[Colonel John Mills]

Thank you, Steve. Colonel Rhett John to Colonel R E T. John 2 on X. Colonel Ret. John. Colonel Rhett John on substack. Colonel Ret. John on substack. Also on Getter and Truth. Thank you, Steve.

[Phil Kerpen]

Thank you, brother. Okay. The right stuff's going to take us out. What a week. Taking on China, restructuring the world's economy, securing the southern border, shipping bad guys out of here, deporting bad guys out of here, working through the one big beautiful, one big beautiful bill in Bloomberg's reporting. Guess what? Progressives and liberals doing something you have never done, and that is raising taxes on the wealthy to help pay for this mess. And President Trump's down now in, in Doral with the LIV Golf Tour. His biggest deal, I think gets announced on the east eve of Augusta national, the Masters next week, where President Trump has brought together and saved the PGA Tour and live and put them both together in an overall structure that the Justice Department will approve. President Trump doing deals at Doral Short break Back in the worm in a moment. 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 debt 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 donewithdet.com that's donewithdet.com curdhuman 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 67%. And do it again. War room health. All1wordwar 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.