
Episode 4391: Every Nation Watches As We Build Out Our Geostrategic Defense ...
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Stephanie Ruhle
We are about to have a night. Good evening once again. I am Stephanie Rule. Welcome to the Nightcap. And if you are not aware, but I think you are, it is day 75 of the second Trump administration. And in less than one hour, Donald Trump's 10% tariffs on imports from all countries will go into effect. In response to this latest round, we saw another complete meltdown on Wall street today. The Dow S and P&NASDAQ. Another day of losses that we have not seen since the global pandemic hit. Meanwhile, other companies are retaliating. China is now putting a 34% tariff on all American products starting next week. That's why they call it a trade war. So what was the man responsible for all of this doing today? The leader of our country. He went golfing down in Florida. And tonight he is attending a candlelit dinner for his MAGA Inc. Super PAC at Mar a Lago. It's a million bucks ahead. He did post on social media today. This is a great time to get rich, richer than ever before. But if you ask JP Morgan, things are not so sunny. The bank's analysts say there is now a 60% chance of a global recession. But let's go beyond markets for a second to business and consumers. Tomorrow, when you walk into your favorite shopping mall or store, I want you to look around because the clothes, the shoes, the phones, you know where they're produced overseas. Do you know why that is where manufacturing exists? Because we don't have mass production of many of those products here and there's no plans to produce them here. So when Howard Ludnick says robots, robots are going to make everything, my question is, who, what, where? Nobody's planning this. That will take years. And for those who say leave it to Trump, he is the master of the art of the deal. Back in those days, he was one man negotiating for one business, a man who went bankrupt six times with those businesses. And tonight, while the markets are in the red, business leaders and American entrepreneurs, they're in the dark.
Peter Navarro
Point of this ultimately is to get people to buy more US Made products. But you are counting on that revenue. As we've seen some of your colleagues, like Peter Navarro, arguing how much money this could bring into the United States in the end, wouldn't that theoretically dwindle over time if people are buying more US and there's less money coming in from what's being imported into the United States? Yeah, that's a great question. And that's why in the past I've called terror tariffs policy done properly. Is a shrinking ice cube. Because what will happen, we will start out with high, high tariff income, but then as the factories come to the US we will have more business income and we'll have more paycheck income because American workers will be earnings. So you would see it's a rebalancing. So we rebalance away from tariffs to more domestic income. But the idea that it would put a dent in the national debt then would seem not to. To be likely, right? Well, not. Not at all. Because for right now, we have the income that we have and we will be adding tariff income to that. So, you know, when we get CBO scoring, the CBO scoring is not going to include any tariff income. It's not going to include any. So this is all going to be extra. So we're at this that the other t other than tariffs is tax. And from here, I've been spending most of my time on the tax deal. And we're in this strange betwixt and between on the tax deal because there will be substantial tariff income, there will be substantial cost savings, and we're not going to get credit for either of those with CBO scoring.
Victor Davis Hanson
April 3rd. Donald Trump announced it as Liberation Day. By that, he meant we were going to be liberated from asymmetrical tariffs of the last 50 years and it was going to inaugurate a new what he called golden age of trade parity. And yet the world seemed to erupt in anger. It was very strange. Which brings up another question. Are our tariffs really tariffs? That is, were they preemptive? Were they punitive? No, they're almost leveled on autopilot. Whatever a particular country tariffs us, we reciprocate and just mirror image them. In other words, it's their choice, not ours. China has prohibitive tariffs. So does Vietnam. So does Mexico. So does Europe. So do a lot of countries, so does India. But if tariffs are so destructive of their economies, why is China booming? How did India become an economic powerhouse when it has these exorbitant tariffs on American imports? How did Vietnam of all places be become such a different country even though it has these prohibitive tariffs? Why isn't Germany before its energy problems? Why wasn't it a wreck? It's got tariffs on almost everything that we send them. How is the EU even functioning with these tariffs? I thought tariffs destroyed an economy, but they seem to like them and they're angry that they're no longer asymmetrical. Apparently our people who are tariffing us think tariffs improve their economy. Maybe they're Right. I don't know. The second thing is, why would you get angry at the person who is reacting to the asymmetrical tariff and not the people who inaugurated the tariff? Why is Canada mad at us when it's running a $63 billion surplus and it has tariffs on some American products at 250, 250%? Doesn't it seem like the people who. Who started this asymmetrical. If I could use the word trade war should be the culpable people, not the people who are reluctantly reacting to it? Sort of like Ukraine and Russia. Russia invaded Ukraine. Do we blame Ukraine for defending itself and trying to reciprocate? No, we don't. We don't blame America because it finally woke up and said, whatever they tariff us, we're going to tariff them.
Peter Navarro
The distribution of equities across households. The top 10% of Americans own 88% of equities, 88% of the stock market. The next 40% owns 12% of the stock market. The bottom 50 has debt. They have credit card bills. They rent their homes. They have auto loans. And we've got to give them some relief that I was struck by the statistic from last year.
Steve Bannon
That's the message right there. Just as a bystander, I'm like, wow, okay, all right.
Peter Navarro
Or that I like the examples. And I was really struck by two different statistics last year. Summer of 2024, Americans took more European vacations than they had in history. Summer of 2024, more Americans were using food banks than they ever have in history. I went into two food banks near my hometown to ask, what's the story? And they said, you know, it really takes for a lot of people, it's a loss of dignity to walk in a food bank. Course. And. But they were seeing something, a new phenomenon, that it wasn't their traditional clientele, wasn't people who'd lost their homes. It wasn't people out on the street. These were working families who could no longer. $100 at the grocery store, that basket of groceries every week. They were missing five, six, seven things. And they were coming to the food bank to top up. So that's not a great America record European vacation. Record food banks. And no reason we can't keep the record European vacations going. But we got to take care of these other people.
Victor Davis Hanson
There's a final irony. The people who are warning us most vehemently about this tariff quote the Smoot Hawley act of 1930. But remember something that came after the onset of the Depression, after the Stock market crashed in 1929. That law was not passed till 1930. It was not really implemented to 31. And here's the other thing that we're conveniently not reminded of. We were running a surplus that was a preemptive punitive tariff on our part against other countries. We had a trade surplus and it was not 10 or 20%. Some of the tariffs were 40 and 50%. And again, it happened after the collapse of the stock market. In conclusion, don't you find it very ironic that Wall street is blaming the Trump tariffs for heading us into a recession, if not depression, when the only Great Depression we've ever had was not caused by tariffs, but by Wall Street.
Steve Bannon
It is hard to get your head around how much damage this one man can cause. I think, I think it's even harder to get your head around simultaneously the fact that he can do damage of this magnitude with such a teeny, tiny, teeny, teeny, tiny amount of thought. Right? You think it would take like a grand plan and some big brains to figure out how to describ, destroy the economy of the richest nation on earth. But that's not how it's working out. Turns out it doesn't take a big idea or a lot of big brains working together. This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. There's no got a free shot. All these networks lying about the people, the people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? 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, this country will be saved.
Peter Navarro
War ROOM here's your host, Stephen K. Ban.
Steve Bannon
It is Saturday 5th, April in the year of our Lord 2025, as President Trump and his team works through the works through the weekend to get ready for Sunday night at about 8 o'clock when the Asian markets open. And we get back into this, into Europe and we get back into this also in the United, in the United States. Let me just read you President Trump moments ago. And here's the weekend. Here's the headline from the, from the weekend Financial Times of London. President reads one of the papers, many papers. President Trump reads. He reads the New York Times, the Washington Post, the Wall Street Journal, the New York Post, the Financial Times of London, also the Washington Times and Epoch Times. I think too cover to cover. President Trump is a big consumer of news, particularly printed newspapers. Headline Trump defiant as Beijing's fight back deepens turmoil. And then we have the typical meltdown of the financial clash in style that is hysterical. Remember the people opposing this, the political enemies of President Trump are not doing this in good faith. They're trying to initiate a stock market crash or a bond market crash and therefore get to President Trump's political weakness. Although the Daily Mail has a story, I don't know if we can put it up. I just got it to folks that shows that President Trump's popularity is soaring. In the last 48 hours as working class people, we laid out Victor Davis Hanson and Scott Besant. Scott, as you know, contributor here. Scott was both on Kaitlan Collins did a magnificent job. Scott was also on Tucker Carlson. If you have not seen Tucker's and I'll put it up. If you haven't seen Tucker's one hour interview with Scott Besant, make sure that you over the weekend as a homework assignment get into that. Tucker asks great questions. Scott Bessant gives great answers and to the into what is it? Stephanie Ruler team at msnbc. No, Scott Bessant's been in the room. Very much in the room is one of the architects of this obviously President Trump with his chief architect Peter Navarro, also the new trade representative who was the deputy under Bob Lighthizer. So a lot of people work in this. Let me from President Trump's truth social just moments ago. China has been hit much harder than the usa. Not even close. They and many other nations have treated us unsustainably badly. We have been the dumb and helpless whipping post. But no longer, but not any longer. We are bringing back jobs and businesses like never before. Already more than $5 trillion of investment and rising fast. This is an economic revolution. All caps from President Trump. Let me repeat that. This is an economic revolution and we will win. Hang tough. Won't be easy, but the end result will be historic. We will all caps make America great again. President Trump's hanging tough. I can tell you the nations of the earth and the biggest, most significant companies in the world are all clamoring to at least sit down. President Trump has taken a maximalist stance on this part, which is no negotiations. And I think the reciprocity of the tariffs and the way they're calculated by the Trump administration kicks in on April 9th last night at midnight, the 10% kicked in. But the nations of the world do want to have at least a hearing to explain their side of things and maybe even to talk about what remedies are. President Trump right now saying, hey, it is what it is. Johnny Khan's gonna take us out. We got a full morning here in the war room. We're gonna break down and explain exactly what this economic revolution is that President Trump's talking about to go along with his political revolution. Short commercial break Back in the war room in just a moment. In America's heart, are you a yo yo dieter? 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Bannon 20 that's B A N N O N 20@takelean.com that's code Bannon 20@takelean.com Bannon 20 that's two zero@takelean.com lose it and keep it off. Go on, raise the flag. Cause I got stars in my eyes. Oh, I'm in love with her and I won't apologize. Dress her up so you don't recognize her. She'll still be there if you wake up in the night. Because a mother can always find her child, even when that child don't know he's lost. I'm American made, I got American parts I got American faith In America's heart. Go on, raise the flag. Cause I got stars in my eyes. Okay, John Khan. That song was written at the beginning of the Tea Party movement after the financial crash. Remember, the Tea Party started with Rick Santelli's rant on CNBC in the morning, I think in late February, early March. Jenny Beth Martin, Michael Patrick Leahy, Jim Hoft, others got on a conference call. A couple they didn't really know each Other got on a conference call and others got on a conference call a couple days later and decided on April 15, on tax day, they would have a rallies around the nation. Taxed enough already. Tea Tea Party. That is the beginning. Picking up from, you know, Perot and Buchanan and Reagan and all the way through the kind of this populist wing. The words Johnny Khan wrote, American made, American with American parts. I've got, you know, in American faith. American, American made with American parts. We're in the middle. This is what is being like in being in combat. You're in the fog of it right now, the fog of tariffs and you're having a million different things coming at you, as is President Trump. President Trump, if you think about it, is. He calls it an economic revolution. Those are his words, not mine. That's on his Truth Social this morning. The Daily Mail has done a quick snap poll and shows his approval. I think his popularity approval is up to 54% because intellectuals like Victor Davis Hansen at Stanford, at the Hoover Institute, Scott Bessant from Yale, absolutely brilliant capital markets guy, Peter Navarro from Harvard, PhD in economics and yes, a Harvard PhD in economics at least shows that you're among the smarter folks on economics and modeling. Regardless of what people say, you know, you gotta have economists. Economists are quite helpful to walk through math. The math is quite complicated here. To set up the reciprocity took a lot of work, a lot of people complaining about it and maybe we do a double down on how it's explained and maybe even do conference calls and make sure that your trading partners. Because these people are trading partners. We're not isolationists. America first doesn't mean America alone. It means networked into a global system based upon the Westphalian system, the system of nation states in which the citizens are sovereign. Why do you think Trump's with all the negative, everything. I can go through these things on New York Times, Wall Street Journal. Trump's deranged. Trump's the enemy. Trump's, you know, but he's taking on the vested interest in the world. This is what it means to fight. A lot of people talk, oh, we're going to do this. World Economic Forum. We're going to do this. The globalists. The globalists are evil. The globalists are bad. Well, hey, Trump just gave him a hammer blow the shock and awe, the days of thunder that he's been giving to the domestic side in the administrative and deep state. He just pivot and turned and did it to the party of Davos, that interlocking connections of Capital markets, corporatists, cultural and political leaders that control the world, including many of your own citizens, and they don't like it. This is a fight to take that control back. Now, how this develops over time is going to be fascinating. And this is why President Trump is a master dealmaker. He's also got just stone cold courage. And part of that courage you saw when he came back and said, I know they're going to put me in prison. I know they're going to try to bankrupt me. I know they're going to try to smear me and say all these terrible things about me with women. I know they're going to do all that and smear my family and try to destroy my family. We can't even walk down the street that we don't have, you know, waves of bodyguards to protect us because they're crazy. You're going to see that throughout the country today. Rachel Maddow, last night, the color revolution. The color revolution. Today's their big day to turn out to go into the streets, quote, unquote, for direct action. Trump is taking on a world system that's embedded and been embedded for decades and decades and decades. Let's go back to 1989, that world system, when the people, when the Lao Baijing, and particularly a younger generation of college students and young adults not just in Tiananmen but throughout China, protested and actually used as their symbol, what was it, the Goddess of Liberty, A paper mache replica of the Statue of Liberty built by the Art Students League of Beijing. And they put it in Tiananmen. And that's when they realized they cracked down. Did the people in China get freedom right after that? When the Berlin Wall fell six months later, one took place in June, on the 4th of June of 1989, the other took place, I think it was even 4, November of 1989, when the Berlin Wall fell, was that immediate freedom to the people that had been. Had been oppressed by the Bolsheviks? No, did not. Because the apparatus closed ranks. The apparatus closed ranks. And Scowlcroft and Bush with others, cut a deal to allow the Chinese Communist Party to say, hey, we're going to bring you for most favored nation and World Trade Organization and all of it. And the Clinton administration with Bob Rubin did it pulled it off. And after a few years of just outright theft by the west, by Western companies and Western individuals and Western governments of stealing from the Russian people, they revolt, they turned in the kgb. These gangsters came back and took, took charge. And that's where you are today. They want to not just have President Trump blink, they want to have him. They want, they want to break him. They're going to use this to try to break him. And he's not breakable. He's doing three things simultaneously. And this is why between now and the trip to Riyadh at the end of May, I think is such an important time. In fact, it may be the most important 60 days in modern American history, given what president, given the revolution. Trump said, I'm here to deliver an economic revolution. He's already delivered the political revolution. Now it's got to be inextricably linked to the economic revolution. Think about John Kahn's words. John Kahn's words were written 13 or 14 years ago. 12, 13 years ago, over a decade. American made with American parts. We've been talking about this ever since people woke up to the fact we started having trade jobs. And the jobs started mysteriously disappearing in the 70s, 80s and 90s and would reform in China. And it started with men, but now it's men and women would just go around. People that would be in the workforce and be in rewarding jobs and good jobs and good paying jobs with benefits they could raise a family off of. So people can make plans. They talk about companies making plans. How about people making plans that you could fall in love and get married in your 20s and start to have kids and have a family, not just have one. And to take the anxiety away. Think of the anxiety. Even you in the audience are middle class or upper middle class. You understand you're all on a knife's edge. Virtually everyone's at knife's edge besides the top couple of percent for most of the middle class. If you're laid off and those layoffs are coming because of artificial intelligence in the managerial and the technology in the managerial and administrative class, particularly under 30, you may have a great job now at a college paying 70, 80, 90,000 bucks, 100,000 bucks a year. Look around. Is that job going to be there two years from now? President Trump's economic revolution is a reordering of a system that started maybe with well intentioned, but over time took advantage of those people that were keeping it propped up. The American citizen, the American worker. And for decades and decades and decades, politicians and cultural pundits and people on the right and people on the left, Bernie Sanders have all sat there and shaking their fists. This is terrible. And the Chinese Communist Party and Wall street signed up. Well, hey, a man stepped onto the world stage last week in the Rose Garden and threw down hard and now the world's responding first off, oh, they're going to dump their equities. They're going to dump their American stocks. Fine. Markets go up and down. As the world now is beseeching him to take a meeting Every nation on earth. I may hold the Chinese out from that. I'm not absolutely sure of that because they have a bigger geostrategic. This is a showdown between this is the they argued the Thucydides trap. But as I tell Graham Allison, when he came here to this very building to have lunch and we talked to his book, I said, hey yo dude, one fallacy in the Thucydides trap. You never had an example where the declining powers elites made more money on the way down than they made on the way up. They were actually partners with the rising power. That would be our elites American made with American parts. Trump's strategy is twofold. To use this as a forcing function to bring jobs, high value added manufacturing jobs and return us to be a manufacturing superpower. In addition to say, hey, if you want Axe, if you're not going to make it here with American workers and that will Caitlin Collins. Come on, girl, you got to be able to do the math simply well, what happens if the tariffs, they do it here, lady. It's called tax revenue. Producers over there ought to like, you know, give her a economics comic book. Let her read that, say at least get some talking, at least kind of understand the break. Or baby, I got a better idea. Start watching War Room. We'll learn you up. You won't be asking those dumb questions on national television. Short break. How well do you sleep at night? Real peace of mind comes from knowing your family is prepared for anything. 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Stephanie Ruhle
Democracy stands right now.
Steve Bannon
You know, Republicans in Congress have generally basically just bowed to Donald Trump. They're frightened. It's a cult like reaction, Melissa, that a fear of being shunned or excommunicated or even facing physical threats. This is creating a different kind of pressure. And the reality is that the Constitution gives the, the clear authority over tariffs to Congress. They've given a president some slack as you say, if he declares a national emergency. There is no more national emergency in an economy that was robust than there is a war with Venezuela that has basically triggered these outrageous abductions of legal citizens to a hellhole prison in El Salvador. So the question is not what Democrats will do but whether they will have enough Republicans and they're. Okay, Denver, let's. When, when I talk, you should bring it down. We're going to, we'll do this again as many times you want to. It's a Saturday. Last Saturday you guys were on point. We did it there. It's, this isn't the other hit. It's called like we're all called members. It is an emergency because we have two crises at the same time that the established order refuses to address. Why did they refuse to address? It's quite, it's quite obvious. They're the beneficiary. They're the beneficiary. All the wealth and value accretes to them. That's why the top 1% continues to get wealthy and wealthy and worth it. Now they've dragged into three and maybe even the top 5%. That's not the way you can run a country. It's not sustainable. You ever heard of the French Revolution? You ever heard the Bolsheviks and the Russian Revolution? You ever heard of in China? We have a capitalist system with no capitalists, just a handful at the top. That's not, that's an oligarchy. They talk about autocratic breakthrough. How about the autocrat? You guys have had the autocratic breakthrough on the left, the cultural Marxists and the lords of easy money on Wall street and the corporatists. This is what shatters it. Trump has brought a political revolution. We've turned the Republican Party into a working class and middle class party of every race and ethnicity. That is historic and essentially Done that in, I don't know, 10 or 12 years. Historic, revolutionary, a political revolution in that they're the credential class controlled by billionaires. On Bloomberg, on the terminal. On the terminal. They want bond traders to see this, not in some opinion piece, not on Bloomberg's magazine. They have a television network, 24 Day. They have a magazine, they have Bloomberg's Business Week, one of the biggest magazines out there. They've got an entire news website and a huge opinion section with some of the best, most thoughtful opinions that they got. All that when they want real news up in a trader's face. So he understands it because that's where they're making the big money. They put it on the terminal. What they put on the terminal, that the upper bracket is probably going to have a snapback from 37 to 39% in this tax, this tax proposal they're looking at because President Trump is going to decrease your taxes. In addition, working class and middle class people. No tax on tips, no tax on overtime, no tax hopefully on bonuses, but no tax on Social Security. You're about to have another liberation day. Liberation Day from the globalist was on Wednesday. And hey, guess what? They're fighting. They're throwing the toys out of the pram. We're not going to own your equities. Well, don't own them. Don't own them. It's fine. Just call capitalism. Things will work through. But he's not going to agree to the system and he's not leaving here unless he does it. Unless he brings his political revolution to the economic side. Because he committed to people to do this. This is why back when Johnny Khan wrote this, American made in American parts. Because it's America first and American citizens first. Jack Bosobic and Charlie Kerr call it the Great Deal. I call it a piece of the action. You're not looking to some preferred. You're not looking for some preferred placement on the top of the food chain. You're just asking for, hey, why don't we just restructure this thing so it's not always on our shoulders. That's where Trump is and that's where they hate Trump. That's where they're trying to destroy Trump. That's where they tried to assassinate Trump. They've already done the character assassination. And don't think he's out of the woods on that. Not by a long shot. American made with American parts. That's what this is all about. It'll be one of two. Either the factories will come back here or there'll be some increased external revenue, service revenue coming to help take the burden off ordinary citizens as taxpayers to pay for the apparatus. And oh, by the way, Elon Musk and those guys are coming at it from the waste, fraud and abuse. And I'm sure they're going to show up with definitive numbers that will bring down the cost, that will shrink the deficit, the external revenue and Howard Lutnick, the tariffs that will shrink it also. Kaitlan Collins, take your number two pencil out, young lady and write this down. Yes, when they bring the jobs back, it's higher tax revenue and higher personal income revenue. Ma'am. In the superstar CNN shouldn't be corn fused. When that's laid out, they got to ask that question, well, what, what does that mean? If the tax revenues and hey, not to pick on you CNBC anchors did the same thing the other day. But that shows you the lack of seriousness in the media. What they're trying to do is they're trying to spin up a crash, everybody sell, everybody dump. That'll get Trump's attention. Trump's locked in. He just said, hey, it's an economic revolution. Now, in any deal or anything you look at, in any restructuring, you definitely listen to and have what the other side says. We already know Bibi's coming, coming on Monday. I would strongly recommend that 90% of that conversation be listening to what Bibi's saying about tariffs and, you know, and technology and trade and all that. Because, you know, at least from my perspective, and I think people I talked to were not really that interested in any kind of military operation around Persia. And I know that's being pitched. Also, the nations of the earth are trying to get to Trump to at least explain their side of the situation. And corporations are sitting there going, hang on, let me just understand this. Because corporations, particularly bringing the supply chains back and what Lina Khan says, all that ecosystem of small companies is just not building one huge plant. You got to bring an entire ecosystem back. And yes, Stephanie, understand that's not going to happen tomorrow. That's why this is a revolution and that's why Trump's the only person that could do it. The only person with the understanding, the knowledge, not just the knowledge of the economics of it, the knowledge of the process and the knowledge of the players. There's three parts. The process of this, of actually coming and actually having a law. He's doing a massive restructuring. You can actually say at the end of the day that maybe is a deal just like the deal we had at the end of World War II had Bretton woods, had the money part, had the security part, had the economic part, had the trade part, had the commerce part, had the legal regulatory apparatus part. That all came in after the war when we were astride the globe like a Goliath, except one. The secrets of atomic weapons got. And then later hydrogen weapons got somehow landed in the hands of the Bolsheviks. How did that happen? Man, oh man, how'd that happen? Maybe McCarthy is right. Maybe a couple, three Communists, maybe a couple, three Bolsheviks in the US government at Yalta, in those labs. I'm just saying, hey, a couple of people went to the electric chair and they should have gone to the electric chair. And all this whinging afterwards is trying to cover up because they gave our secrets away and made the world a much more dangerous place. A much more dangerous place. It's a dangerous place today. President Trump, this is what the Russian rapprochement is. He's trying to get the architecture of a new geopolitical realignment to set the 21st century on a path of peace and prosperity. Everything you see Trump doing from the hemispheric defense, from Greenland and the Arctic all the way down to the Panama Canal, of course with your allies, Brazil once you broom Lula, Argentina once you sort of the mess in Venezuela, which can all be sorted out, the hemispheric defense kind of, you know, Monroe Doctrine 2.0, but then manifest Destiny, you got the vast Pacific and the three island chains, vavoom, we're safe. Throwing an anti ballistic missile or some sort of iron dome. Pretty hermetically sealed folks. May take you 10 or 20 years to get there, but pretty hermetically sealed. You also are bringing the Russians and kind of reunited the Judeo Christian west into some sort of at least folks that get along and are economically hardwired in together and take them out of the camp of the criminals in Beijing, in these murderous mullahs in Persia. Next thing you know, maybe, I don't know, peace and prosperity in the Eurasian landmass. Lay down the guns. They're not killing each other. They're not killing a million and a half people in the bloodlands, which is one of the reasons the 20th century was the bloodiest century in mankind's history and a dark age for man. Trump is trying to end the Second World War, to end it in a way that sets us on a path of peace and prosperity and not at each other's throats with these defense contractors and a trillion dollar defense budget. Do you see any of that crowd over there? You Know, hey, President Trump, here's what we can do that's really smart because we would like to beat our swords into plowshares. You don't see that. And I must have missed Elon and Doge. I must have missed, while you're shutting down Social Security offices, that then you come back and say, we're not going to shut them down after the Wisconsin vote. So after Wisconsin vote, now we're not shutting down the Social Security offices. I haven't. I've only heard crickets of Doge across the Potomac. Just, you know, a thought bubble from a guy as a young naval officer that worked over there. Yes. Serving one's country, that there may be a tad of waste, fraud and abuse over there. Just a smidgen. Just might be a smidgen. I'm waiting for that report. I'm waiting for that report. If we're going to cut a train and waste, fraud and abuse, I would just think that we'd have just a smidgen, just a taste, just wet your beak. Otherwise, it's just performative. And people in the city know this. These are the, this is a. This is Washington, D.C. is a town without pity, like New York, the money and the power. It's without pity. And that's just the way it rolls. That's the way it's rolled throughout history. We get that, understand that. But they're cynical because they've heard it all before and they've heard it. They've heard the talk. They've heard that. The talk, the talk, the talk Trump gave you. Action, action. Action as a blunt force instrument, as only to make a revolution, the economic revolution that will underpin the political revolution he's driven now. And they couldn't stop. They couldn't stop. They tried everything. There's nothing else they could have tried. Hell, they tried to kill him, they tried to put him in prison, they tried to smear him, they tried to bankrupt him, they tried to make him that he's the worst people around women, everything you could possibly do, they tried and they failed and he went bigger than ever. They tried all that and he consciously knew they were going to try it. That's why he's cincinnatus. They came back. They came back from his home that he wanted to retire to, to come back to the arena, to come back to the action. And he didn't come back to do small things, having gone through that. That's why he stood in the Rose Garden the other day with the flags in back of him and threw down against the globalist world order and said, I am here as a representative of the sovereign will of the American people to shatter you. And they don't like it. And I understand that and you understand that. And it's not going to change anything. Not going to change us. 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. These aren't hypotheticals. They're happening. You see it here in the war room, and we all know it. The question is simply, are you ready? That's where Jace comes in. This isn't just a kit. This is a J's case. It's a lifeline. It's a personal supply of prescribed emergency medications that puts the power back in your hands. Whether it's an unexpected illness or a global disruption of supply chains, you can act fast and protect yourself and your loved ones. This February, show them you care in a way that really matters. Be prepared. Get the Jace case today so you'll have the right meds on hand the moment you need them. Visit jacemedical.com and use the code Bannon B A N N o N at checkout for a discount on your order. That's Jace medical.com promo code Bannon. Get the Jace case and do it today. Here's your host, Stephen k. Bannon. We told you times of turbulence were coming, right? Because it's knew President Trump was going to do this. He's going to restructure the economic order to center around the American people and the United States of America and want other nations to do it themselves for themselves. But if you want access to this market, want access to our people, want access to our buying power and what the. What the Trump movement has done and created, then it's a premium. You got to pay a premium. Not going to be picked off, not going to be ripped off anymore, full stop. How that eventually takes place, place. And are these tariffs at the end, the final tariffs? I don't know. I think some of the nations of the earth want to at least explain that. Hey, maybe we don't agree with your numbers. That's all part of a process. Anytime you've done a restructuring, there's thousands of meetings that goes on that go on before deals actually come together. Because remember, these are will be our trading partners. They're our trading partners. Today. They're just taking advantage of us. Because why? Because it worked for the wealthy. It Worked for the top 1% at your detriment. Trump's reversing that. He wants global trade, he wants lots of it, but he wants it to make sure it makes America robust, makes America vital, makes the American citizen. Get rid of that anxiety. Trump's going to take your anxiety away. He's going to take that. What burns like acid to you. You can't, you can't be calm. You can't get this Buddhistic calm. You can't get the calm if you're always worried. And let's leave your spiritual efforts to the side. I understand there are many people that have come from pure spiritual, but if you add on top of it, the angst of the economic pressure, it just makes everything harder, makes the family life harder. Whether they talk about divorces, I don't know, 80% of divorce about financial issues. Normally that's about not enough money coming in to handle the spending and the cost. We had an era after the war and we had an era beforehand that wasn't this. This, this anxiety, this angst, this constant pressure was not there. That's what Trump's trying to return us to. And he'll return us there. It's going to be choppy, it's going to be rough. They're not just going to sit there and go, oh, we love this. We see what you're doing. Let us sign up. However they all want to get to him right away and explain. And in explaining may say, hey, how do we figure this out? The company's the same way. The companies just want to stand, as Charlie Kumar comes in, that these are sustainable long term tariffs at whatever rate. Whatever rate. Because that would then get Bisman. Yes, I can bring the ecosystem around my business back. I can bring the supply chains back. We can do that. And President Trump has shown the economy he can build in the first term. Think of the year 2019 to understand this. This is why we did the series about the end of the dollar empire. Not that we want the dollar empire to end, although it ought to be A debate about that, about us being the prime reserve currency. Comes with tremendous benefits. But it has massive obligations. Those obligations have been just dumped on your shoulder. Why the, you know, they socialize that. Why the elites took all the upside. That's the system we're in. That's the system. Trump's trying to break that you get a piece of the action since it's all on your shoulders. Birch gold. That's right. Birch gold. The end of the dollar empire. It's totally accessible. We wrote it in a way that's both intelligent, but you can understand it. We've gotten tremendous feedback. We worked a lot to do that. And he starts to give you a mental map. Right now you need a mental map in the fog of tariffs or the fog of war. Remember the way that you can see through it empowers you that you're just not the recipient. All this information is coming in, blah, blah, blah, blah. What does it mean? Birchgold.com and as something quicker that you can get right away. The ultimate guide to investing in gold in the era of Trump. They've done that too. Philip Patrick and the team, which is critical for you to get access to them. Remember, it's physical gold. If you decide to go down this route. Physical gold is what you want. My strong recommendation, but take the ultimate guide, study it and then reach out to Philip Patrick and the team and that you get simply pick up that phone and Text Bannon at 989-898 and do it today. Also, we need you on the ramparts next week with, with the, with the Article 3 project and impeachment. So much going to go on next week. The tax bills coming in. Chip Roy has already said the Senate tax bill, which has got a $5 trillion debt ceiling limit and you know, has still has massive spending. This thing's going to next week is going to be quite interesting because President Trump's trying to do a tax liberation from you. He's trying to do a regulatory, you know, administrative state. Beat that down for regulatory liberation plus liberation day from a choking global order that's choking down the American working man and woman. Hometitlelock.com, they've got the $1 million triple lock protection, 24 hour coverage. They'll alert you in the middle of the night and if all else fails, a $1 million restoration. Talk to Natalie Dominguez and the team by going to hometitlelock.com the promo code is Steve25. I like that, Steve25. If you're battle hardened, which we are, on the political revolution now, you got to be battle hardened on the economic revolution because it ain't going to be pretty. They're coming hard. They're trying to start. This is their dump Trump movement, right? They're going to lead by dumping stocks and they think they're meeting all today around, around the country. That's fine. The color revolution comes to D.C. and other places. That's fine. That's part of the American process. It's great. You know what I need? I need A just taste girl that I need a. I need another. Another refill of my. Of my Warpath coffee. Brother. What do you got for me?
John Khan
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Steve Bannon
Enough.
John Khan
We keep roasting more and more and it just sells out. It's crazy. People actually just love this coffee. They can't drink it fast enough. And we've got a. Another pallet of these on last week. They're Trump victory mug, has a big 47 on the back. Warpath coffee in the front. We just got another pallet of these in last week. Hands down, the best coffee out there. If you haven't tried it, you got to try it. We roasted on a perforated drum and by doing that, we caramelize the beans so we don't burn them at all. That's why you can drink it straight black. Most other companies, they do it on a solid drum and they burn the beans. And that's why you have to have milk and sugar.
Steve Bannon
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Bannon's War Room: Episode 4391 Summary
Title: Every Nation Watches As We Build Out Our Geostrategic Defense
Host: Stephen K. Bannon, WarRoom.org
Release Date: April 5, 2025
The episode opens with Stephanie Ruhle setting the stage for the current economic turmoil driven by escalating trade tensions. She highlights the imminent implementation of President Donald Trump's 10% tariffs on imports from all countries, leading to significant market instability.
Notable Quote:
"We are about to have a night... another complete meltdown on Wall Street today."
— Stephanie Ruhle [00:00]
Peter Navarro, a key economic advisor, delves into the rationale behind the tariffs. He explains that the primary goal is to encourage the purchase of US-made products, thereby boosting domestic income and rebalancing the economy away from reliance on imports.
Notable Quotes:
"We will start out with high tariff income, but then as factories come to the US, we will have more business income and more paycheck income because American workers will be earning."
— Peter Navarro [02:00]
"This is a rebalancing. We rebalance away from tariffs to more domestic income."
— Peter Navarro [02:30]
Navarro also addresses concerns about the impact of tariffs on national debt, clarifying that tariff income is not accounted for in Congressional Budget Office (CBO) scoring, which primarily focuses on tax revenues.
The conversation shifts to the stark disparities in wealth distribution within the United States. Navarro presents alarming statistics indicating that the top 10% of Americans own 88% of equities, while the bottom 50% grapple with debt and financial instability.
Notable Quote:
"The top 10% of Americans own 88% of equities... the bottom 50 has debt. They have credit card bills."
— Peter Navarro [06:09]
Victor Davis Hanson offers a critical perspective on the effectiveness of tariffs, questioning their real impact on economies like China and India, which continue to thrive despite high tariffs on American products.
Notable Quotes:
"If tariffs are so destructive of their economies, why is China booming?... How did Vietnam of all places become such a different country even though it has these prohibitive tariffs?"
— Victor Davis Hanson [03:42]
Hanson further compares the current tariff policies to the Smoot-Hawley Act of 1930, emphasizing that historical predecessors of tariff-induced recessions were primarily precipitated by factors like Wall Street's stock market crash, not tariffs alone.
Notable Quote:
"Don't you find it very ironic that Wall Street is blaming the Trump tariffs for heading us into a recession... when the only Great Depression we've ever had was not caused by tariffs, but by Wall Street."
— Victor Davis Hanson [07:59]
Navarro juxtaposes the record number of Americans taking European vacations with the unprecedented rise in food bank usage, highlighting a growing divide between economic prosperity for the affluent and financial struggles for the working class.
Notable Quote:
"Summer of 2024, more Americans were using food banks than they ever have in history... these were working families who could no longer afford a full basket of groceries."
— Peter Navarro [06:42]
Steve Bannon and other panelists discuss the alignment of the Republican Party with Trump's economic policies. They assert that Republicans have largely capitulated to Trump's agenda out of fear of political retribution, transforming the party into a pro-working and middle-class coalition.
Notable Quote:
"Republicans in Congress have generally bowed to Donald Trump. They're frightened... creating a different kind of pressure."
— Steve Bannon [29:47]
Bannon emphasizes the constitutional debate over tariff authority, arguing that Congress holds the power but has allowed the executive branch considerable leeway in declaring national emergencies to enforce tariffs.
The discussion centers on Trump's dual revolution efforts—economic and political. Bannon frames Trump's tariffs as not merely economic measures but as strategic moves to dismantle the globalist order and realign the United States towards self-sufficiency and national sovereignty.
Notable Quotes:
"This is an economic revolution and we will win... We will all caps make America great again."
— Steve Bannon [10:35]
"Trump is trying to return us to a time without the anxiety and constant economic pressure... He's going to take your anxiety away."
— Steve Bannon [51:40]
Trump's approach is portrayed as a comprehensive restructuring of the economic order, aimed at bringing manufacturing jobs back to the US and reducing dependency on foreign imports.
Bannon elaborates on Trump's vision for geostrategic defense, outlining plans to strengthen defense across various regions, including the Arctic and the Pacific, while fostering alliances to counteract global adversaries like China and Russia.
Notable Quote:
"President Trump is trying to end the Second World War, to end it in a way that sets us on a path of peace and prosperity and not at each other's throats."
— Steve Bannon [10:35]
He discusses the importance of maintaining robust defense mechanisms and forming strategic partnerships to ensure long-term global stability and American dominance.
The episode concludes with a forward-looking perspective on the potential outcomes of Trump's tariffs and economic policies. Bannon predicts that while the path may be rocky, the ultimate goal is to secure economic freedom and national sovereignty for the United States.
Notable Quote:
"This is what Trump is trying to do, and it's going to underpin the political revolution he's driven now."
— Steve Bannon [10:35]
Bannon underscores the necessity for the American populace to support and understand the depth of the economic restructuring underway, positioning it as a pivotal moment in modern American history.
Trade War Dynamics: The implementation of broad tariffs by the Trump administration has led to significant market volatility and retaliatory measures from other nations.
Economic Inequality: There is a stark concentration of wealth among the top 10%, while the majority of Americans face financial struggles, highlighting the need for economic reforms.
Effectiveness of Tariffs: Critics argue that tariffs may not be as detrimental as perceived, citing examples of thriving economies despite high tariff barriers.
Social Disparities: The contrast between increased leisure activities for the affluent and the rising dependence on food banks for working families underscores economic disparities.
Political Realignment: The Republican Party is undergoing a transformation, aligning more closely with Trump's pro-working and middle-class policies amidst internal and external pressures.
Geostrategic Vision: Trump's approach encompasses not just economic reform but also strategic defense initiatives aimed at securing American sovereignty and global dominance.
Future Prospects: The ongoing economic revolution is portrayed as essential for achieving long-term prosperity and stability, despite short-term challenges.
This episode of Bannon's War Room provides a comprehensive analysis of the current economic strategies under President Trump, exploring their implications on both national and global scales. The discussions emphasize the intertwined nature of economic policies and political maneuvers, advocating for a restructuring aimed at benefiting the American populace and restoring the nation's economic strength.