Episode 4392: America's Strength Has Been Manipulated For Decades

Summary

Podcast Summary: Bannon’s War Room – Episode 4392: America's Strength Has Been Manipulated For Decades

Release Date: April 5, 2025
Host: Stephen K. Bannon
Title: America's Strength Has Been Manipulated For Decades

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Introduction

In Episode 4392 of Bannon’s War Room, host Stephen K. Bannon delves into the longstanding manipulation of America's economic and political strength by globalist elites. The discussion underscores the detrimental effects of offshoring, trade deficits, and the influence of powerful institutions like Wall Street and Silicon Valley. Bannon is joined by key contributors, including Spencer Morrison, Mike Lindell, and Taj Gill, who provide insights into the current state of America's economic landscape and the strategies being employed to reclaim national sovereignty and prosperity.

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Main Discussion Points

1. Decline of American Manufacturing and Offshoring (00:01 – 34:35)

   Bannon opens the discussion by highlighting the decline in American manufacturing jobs, attributing it to decades of offshoring orchestrated by globalist elites. He states, “By 2020, over 17.5 million manufacturing jobs were lost, with an additional 5 million impacting the supporting sectors” (27:04). Spencer Morrison emphasizes the tangible results of reversing these trends, noting, “There are trillions of dollars of new investments that have been announced. I think we're over $5 trillion now” (27:44). This resurgence is fueled by President Trump’s policies aimed at bringing manufacturing back to the U.S., fostering job creation, and rebuilding supply chains.

2. Trade War with China and Economic Sovereignty (00:51 – 36:11)

   A significant portion of the episode focuses on the ongoing trade war between the United States and the Chinese Communist Party (CCP). Bannon asserts, “China is the number one country that's preying upon America’s markets” (34:57), detailing how China’s exploitation has led to massive trade deficits and intellectual property theft. Spencer Morrison adds, “China is stealing our technology, and in President Trump’s first term, it was estimated that up to $600 billion of intellectual property was being stolen from America every year” (36:11). The discussion highlights Trump’s firm stance on enforcing fair trade practices and protecting American industries from predatory capitalism.

3. Economic Revolution and National Sovereignty (31:12 – 47:44)

   Bannon and Morrison discuss Trump’s broader vision for an economic revolution aimed at restoring national sovereignty and reducing dependency on foreign capital. Bannon remarks, “President Trump is returning the nation’s sovereignty to herself and to the citizens of this nation” (31:44). Morrison supports this by outlining the multiplier effect of manufacturing investments: “For every billion dollars worth of investment, manufacturing supports about 10,000 jobs” (34:35). They argue that strengthening domestic industries will enhance economic resilience and reduce the nation’s vulnerability to external economic pressures.

4. Impact of Globalist Elites and Deep State (22:11 – 40:00)

   The conversation shifts to the role of globalist elites and the deep state in undermining America’s economic strength. Bannon criticizes institutions like Wall Street, Silicon Valley, and major law firms for their complicity in maintaining the status quo, stating, “They’ve sold this country out full stop” (36:11). Morrison echoes this sentiment, highlighting the lack of independent thinkers within the political class who prioritize American interests over globalist agendas. This section underscores the necessity of dismantling entrenched power structures to pave the way for genuine economic reform.

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Key Insights

• Reshoring and Investment:
  Bringing manufacturing back to the U.S. not only creates jobs but also stimulates the economy by building robust supply chains and fostering innovation. Morrison points out the substantial investments already pledged, anticipating over $5 trillion in new capital (27:44).

• Trade Policies and Tariffs:
  Implementing tariffs on unfair trade practices, particularly against China, serves as a tool to level the playing field and encourage other nations to reduce their trade barriers. Bannon emphasizes the reciprocal nature of tariffs, which can open new markets for American goods (33:14).

• Intellectual Property Protection:
  Protecting American intellectual property from theft by foreign entities is crucial for maintaining technological supremacy and economic competitiveness. The loss of $600 billion annually due to IP theft from China is a significant concern highlighted in the discussion (36:11).

• Eliminating Deep State Influence:
  Reducing the influence of globalist elites and the deep state is essential for true economic sovereignty. Bannon and Morrison argue that dismantling these power structures will restore the nation's focus on the prosperity and well-being of its citizens (36:11).

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Conclusions

Stephen K. Bannon and his panelists advocate for a comprehensive economic strategy centered on reshoring manufacturing, enforcing fair trade practices, and dismantling the entrenched influence of globalist elites. They emphasize that President Trump’s policies are paving the way for an economic renaissance aimed at restoring America's strength and sovereignty. The episode calls for continued support for these initiatives, highlighting the critical need for an economic revolution to ensure long-term prosperity and national security.

Notable Quotes:

• Stephen K. Bannon (00:01):
  “This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people.”

• Spencer Morrison (27:44):
  “There are trillions of dollars of new investments that have been announced. I think we're over $5 trillion now.”

• Stephen K. Bannon (36:11):
  “The elites in this country have sold this country out full stop.”

• Spencer Morrison (34:35):
  “For every billion dollars worth of investment, manufacturing supports about 10,000 jobs.”

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Final Thoughts

Episode 4392 of Bannon’s War Room presents a fervent critique of the globalist manipulation of American strength and outlines a clear path toward economic rejuvenation. By addressing the root causes of manufacturing decline, enforcing fair trade, and eliminating the influence of entrenched elites, Bannon and his guests advocate for a robust and sovereign American economy poised for resurgence.

Transcript

[Stephen K. Bannon]

This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Christians not got a free shot. All these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie?

[Spencer Morrison]

MAGA MEDIA I wish in my soul.

[Stephen K. Bannon]

I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.

[Mike Lindell]

War Room here's your host, Stephen K. Ban.

[Stephen K. Bannon]

Okay, it's the fifth Saturday, 5th of April, year of our Lord 2025, folks. There's going to be a lot over the weekend once you stay close to my Getter account. Also, Grayson Mo blot the Sunday shows tomorrow, I think will be quite important for, for as I've said yesterday, I think I had a rant that said we got to go on offense. We have to frame this better and explain this better. President Trump's done his job. Is now time for surrogates to get out there and get on. And it's not just Scott Besson and Lutnick and Navarro. They got jobs. Yes, they should be out doing media and I think they're doing the Sunday shows tomorrow. But it's also, you know, getting up a surrogate's squad of economists and businessmen, all that to basically frame it and fill in the frame. Also at 8:00, I think maybe 9:00. 8 or 9:00 on Sunday night in the imperial capital. That's when the Asian markets will be opening and we'll go to have another round of this. And right now, look, the center of gravity of this is the trade war between China, the Chinese Communist Party. Trump defiant as Beijing's fight back deepens turmoil. The reason they're on the ropes is that that whole Potemkin village of their, that whole Potemkin village is predicated upon shipping goods through Amazon, through these new sites and Walmart to get here to the United States of America and the American consumer. Without that, they don't exist. They've tried to shift to a consumer economy of their own. They don't have it because they don't make the wages because Lao Beijing ain't making the money. So they're 100% export driven or virtually, I think, 50%. But if you really look, the real numbers without basically free access to US Markets. Now, how did that happen? How did our biggest trading partner that has a massive trading deficit. Remember, we're essentially a colony. We ship them raw materials, natural gas and timber and food and soybeans and natural resources, copper, other things. We ship natural resources like any colony does, and we're a market. Now, the colony happens to be a colony that can really buy things because they have an elite that goes back to Scott Besant's the largest ever of trips to Europe, while we had the largest ever people going to food banks and food banks that top off. These are middle class, lower middle class and working class people. These are not people who have ever been to a food bank. And why are they doing it? There are, you know, at the end of the day, because the credit card's tapped out, they're working two jobs, they can't make it the food bank, they have a couple, you know, staples they got to get. The food bank's got it. For us to have food banks in this country is a disgrace. It points right to the elites in this country, what they've allowed to happen to this country. It's not a disgrace to the people that work to food banks and the people that volunteer and give the food. That's philanthropy or trying to do what you think is your role in the social and the common good. And for some that's their cup of tea and for others is not. But to actually have it and have working class people that have jobs and are not looking to work the system, the problem we have in this country, there are always going to be people who try to work the system. You're always going to have that. I'm talking the basic working class people in the middle class in this country are not looking for a handout. They don't want the government in their life and they certainly don't want to depend upon the government. This is why Trump's. The other part of this economic revolution is to decrease to as much as you possibly can. You're feeding the beast and to shift that burden elsewhere in what, you know, what they leaked. And this had to be. The Bloomberg guys would have said, would have outed it. They said it came from people inside the administration that the upper bracket is either going to have a snapback from 37 to 39% or there's going to be a new category of people make above a million dollars in some sort of different tax rate. But this is something that Bernie Sanders never did, that Elizabeth Warren never did, that Chuckle. Schumer never did that. AOC never did that. Biden never did. And they're all talk as they kowtow to the oligarchs, the lords of easy money on Wall street, the global corporatist and, and the apartheid state of Silicon Valley. Anybody on tv. These progressive Democrats are nothing but a bunch of globalists. And don't put some phony, oh, we're populous. You're not. You're out for the destruction of the working class. This is why working class people despise you, detest you. This is why we watch the rallies with Bernie Sanders and aoc. They don't stick. It doesn't stick. The jump, it doesn't stick. It's all kind of this meandering happy talk. And you can tell at the end of the day with the crowds, the crowds are not jacked at the end and ready to go forward and fight. This is why how they're fighting now, they're fighting through hedge fund managers and Bill Ackman. Let's put the Bill Ackman quote up. Bill Ackman lays on, he's got his theory of the case. He's a smart guy. He, he says, hey, the reciprocal, the first set of tariffs, good. The second, he thinks overshot the mark, but he thinks it overshot the mark for a reason, that Trump's a maximalist when it comes to doing transactions restructurings. President Trump has said, I'm not negotiating this. It is what it is. I do think in any restructuring that you at least got to listen to the people to make sure that they say, hey, these numbers are wrong or these numbers are right or, and here's what we propose to do about it. That's a phase I think, I think is going to take place. Just the thing that every nation on earth is trying to get to President Trump and explain themselves, which is on the purposes of the exercise also the corporate heads and saying, hey, I want to come here. But just like, you know, Tim Cook met with him and other people met with him. The people on the Stargate situation, the other heads of when Taiwan Semiconductor came and met and said, here's what we're trying to do. We want to make sure that, hey, we just want to make sure we understand the tariff structure, we want to make sure we understand the tax structure, want to make sure we understand the regulatory structure. So that's why I think we have Tax Liberation Day and I think we have regulatory revolution in Liberation Day. Although I am a believer. You have to have, you have to have a regulatory Apparatus, particularly going after the oligarchs that have ceded all this money and power to themselves. And if you look over the Justice Department, the FTC and the fcc, of what President Trump has done, the team he's put in there, second to none. Second to none. The toughest group I've ever seen. And certainly not a Bush type. And not a Bush type Justice Department. So what does this mean this week? This week, folks? Get ready, get ready to get up on the ramparts. We got, we got the issues with the judges. You're going to have this massive, the one beautiful, big, beautiful bill that's got like, I don't know, a thousand moving parts. But this is where we got to get to the reality check of the money. This is why I go, hey, I love Doge. I love them running around. Now it's coming. Now it's the rubber meets the road. We got to get, we got to see some impoundments, we got to see some rescissions on the 25 number. And what they're putting together in the one big beautiful bill is 26 Ford. We got to see reality. And I'll be blunt. If you're not across the Pentagon and I have only heard crickets on waste, fraud and abuse on a, on a, on the palace over there that feeds off waste, fraud and abuse and haven't heard one word, yo, yo, it's not going to work. It's not going to cut it. First of all, they're not going to take you seriously. The cynicals all get it and they should be cynical. They're not going to take you seriously. That's why Trump, what Trump did the other day was a hammer. They're still reeling because remember, the political class here just reports. They're just puppets for Wall street in the corporatists in Silicon Valley. There are no independent thinkers up here. They're just doing what their paymasters say. That's what Trump shattered it. Trump shattered it. Trump shattered it. And they're still going to punch back because they still have tremendous power. They have media power, they have cultural power, they obviously have economic power, they have legal, but hey, shouldn't be launching it. Trump's going after the law firms at the same time. Hello, Hello. That's all part of it. You want to shatter the apparatus, Globus apparatus, the connective tissues. These big law firms working in conjunction with the hedge funds and the private equity, he's hammering that. That's why I say if you, if you're taking a second of Trump's time You better be damn sure that you're. You, that you're maximum. That you're. You're maximizing the utility of it. Because he's a busy man, not just on the action, but also just thinking it through. People say he's coming out playing five, you know, 5D chess and five dimension chess. Hey, what I know is he's got a process and he thinks this thing through and he's immovable, as he should be. And this is. Now more than ever, we got this massive tax bill. We're gonna have the judges situation. We've got. We've got additional negotiation with the Russians and, you know, somehow to get the Ukrainians and the Russians to stand down from killing each other in Ukraine. Oh, by the way. And he's got. Netanyahu's here. Let's be blunt. Netanyahu's here to pitch us, you know, hey, can you just take those two carrier battle groups and turn them and just get them back over close Iran? Hey, before your parents, many people in this audience, before your parents were born, I was on a bridge of a destroyer as a young man in the North Arabian Sea, you know, in practice runs, for what the helicopters and the heroes that were going to go into Tehran and get, or was it 51 hostages that the mullahs, the Persians had taken in our embassy? So I think the answer will be, say, hey, that didn't turn out that great. And one of the reasons, besides not being particularly well thought through or well organized, that it's such a vast desert wasteland and mountainous, you know, I think it's one of the most arid nations on earth and inhospitable. Not saying near Tehran and near the Caspian scene up there is not absolutely beautiful, but, man, you got to get a long way till you get there. So I think the response to Bibi say, no, there's going to be other ways, but we're not going to do that way. Not going to do that way. You already got. You got enough, you know, you got enough going on in Lebanon and Gaza, because that's the pitch. On top of everything else Trump's got to do. Think about what the burden on him is every day. These are not. Because he's not doing small things. He didn't come back to do small things. He came back to basically change the world structure and make sure that America came first in the eyes of her citizens and for the action of her citizens. We don't need America first. As far as the Russians or the Chinese go or these other nations, they should put themselves first. We fully understand that. That's what we want in that system. It all works together. We want people in their own self interest for their citizens. Their citizens should come first, their nation should come first. We have no problem with that. That's part of the Westphalian system. We got that. But in this nation, it's not going to be thinking about everybody else. It's first, what is the best interest of the nation and what is in the best interest of the citizens of this nation? What's the best interest for our sovereignty? What's the best interest for our prosperity? What's in the best interest of the American citizen? What's in the best interest of the prosperity and the pursuit of happiness of the American citizen? That's never been asked by the political class. It's always the burdens on you and they give you some happy talk and put an American flag on there and think you're supposed to buy it. With decade after decade after decade of that and trillions of dollars and thousands of tens of thousands of American casualties, People woke up and they woke up when Trump came on the scene. Johnny Khan with this song right here, American Heart, back at the beginning of the Tea Party. American made with American parts. That was the theme of Trump going to bring it back home. Not to be isolationists, but we're not going to be suckers anymore. We're not going to be taking advantage of it anymore. Particularly not being taken advantage. It's not like it's helping the masses throughout the world. It's happened. The Davos globalist elites, the people in the city of London, which is their Wall street, the people on Wall street, the corporatists, the people taking the European vacation, the people hanging out in the south of France or in the, you know, the wine section of Italy on the West End of London. Those days are over. Trump's putting you first. Not in the room, not in the deal. Not only puts you in the room, he puts you at the head of the table. No American president has ever done that in, particularly in modern times. That's why they hate him. That's why they're trying to destroy him. That's where they're trying to assassinate him, full stop. They consider him a traitor to his class and they hate him for him because they know he's making it happen and he will never back down. Short break America's heart. The April 15th tax deadline is coming and it's coming fast. Do you have unfiled tax returns? Can't pay the irs. The IRS is More than aggressive and the more aggressive than ever. And the longer you wait, the worse it gets. Wage garnishments, bank levies, even property seizures are all on the table. You need to get ahead of this. You need to get ahead of it today. But going up against the IRS alone is a big time mistake. Take my advice. Call the experts at Tax Network usa. They know the system. They have an edge, a preferred direct line to the irs. They know which agents to deal with and which ones to avoid whether you owe $10,000 or $10,000,000. Their genius strategies are designed to quickly settle your tax problems in your favor. Tax Network USA's attorneys and negotiators have already resolved over $1 billion in tax debt. Let me repeat that. They've already resolved over $1 billion in tax debt. Tax Network USA can help you, too, but you need to move. You need to move fast because April 15th is already here. Remember, if you get that letter, don't put it in the drawer. It just metastasizes. Talk with one of our strategists today. It's totally free. Stop looking over your shoulder. Stop the anxiety, stop the worry. Put it all behind you. Call Tax Network USA at 1-800-958-1000. That's 800-958-1000 or visit tnusa.com Bannon that's TaxNetwork USA. Go to tnusa.com Bannon here's your host, Stephen K. Bannon. All these reports of Stephanie Rule and the New Republic, all this that, oh, Boston so freaked out he wants to quit. Nothing to be further from the truth. Scott has worked the secretary treasurer's work with Peter Navarro, Lutnick, the entire team, Hassett over at nec, the entire team to come up with this and you know, to work through different perturbations on what the math is. And I believe you'll see tomorrow on the Sunday shows a quite fascinating going on offense, which they should be doing right now. It's not a defensive play, it's an offensive play because Trump is right and the American people back him on this. It's time. Just let's have it out now. Let's have it out with the globalists. Now. Let's have it with the Chinese Communist Party. Now, Chinese Communist Party has been sucking off American capital, American technology and getting access, unfettered access to the United States of America to sell their crap here through Amazon and through Walmart to the American people and with every benefit in the world, every advantage in the world. And that day is going to stop Trump defiant as Beijing's fight back deepens turmoil. I told you this showdown was a long time coming. And President Trump said, oh, he doesn't want to decouple. He doesn't want to decouple. President Trump offered them in May of 2020. Get that, get the facts right and get the timeline right. And all you airheads, all you neo Marxist airheads on MSNBC and at the New York Times and at cnbc, get the timeline right. Trump fully engaged him with Lighthizer and Navarro. I was there with Lee. He the smartest guy they had and worked for two years after Gary Cohn and those guys tried their shot first. And Trump said, we're not doing that. We're not doing that. He crushed that early in like April or May, early June of 2017 says, here's what I want. If we're going to do it, I want them fully integrated into the world economy. But they got to play by the rules. And here's what the rules are going to be. And they're just not going to be able to be financed by us and steal our technology and then rewire it and sell it back here and take all of our native industry. And Wall Street's not going to be able to do that. The seven deadly sins, as Navarro said, and that was in May of 19. And they rejected it. She rejected Wan Shishan. Rejected it after Wan Chishan had gone down to Singapore with Bloomberg at his conference and said and kind of raised the flag of defiance. It was built bound, one belt, one road. They thought they were going to run the tables. They thought they were going to run us out of everywhere with predatory capitalism. It did not work. It did not work. Those projects are all half finished, but the debt's still there. That's why they're crushing these third world countries. The Global south. And the Global south is savvy enough to understand, hey, I'm not so sure I want to be there with those criminals. They had that conference in May and then they said, they turned, they turned to us and just said, no, no deal. And then they declared a people's war. She declared a people's war. And oh, lo and behold, they had the military games in August and guess what? People started coming down with flu like symptoms because of Wuhan. They let off, they let off the start the pandemic because they understood Trump was on a roll. In 19, it would have been reelected president with an overwhelming majority taken. Had vast majorities in the House and saying they had to stop it. You can't coexist with something like that. And this is going to break them. And of course, remember, all of these people are in bed with them. Wall Street's in bed with them. The corporatists are in bed with them. Silicon Valley, the apartheid state's in bed with them. If you're in bed with them, you have the same guilt because you know what they're doing, you know what they're like. They know they've turned China into a slave labor camp and now that's not paying off. Trump called their bluff. And everybody running around that's coming here is. It's like in the movie the Godfather. They tell Michael, whoever comes with you and tries to get the meeting right, tries to get the meeting. That's the guy. That's where they're all taking the Chinese Communist Party side. Oh, we got to dump the stocks. We'll drive Trump out of here. You're not going to drive Trump out of here. It's not that Trump's not prepared to listen. I don't think he doesn't, he doesn't run deals like a dictator. He understands where leverage is and maximum leverage to get what he wants for the American people. Tasia, I needed another cup of coffee already. How do I go? Here's what. Don't take Tasia's word for it. Tasia is making the coffee. Don't take my word for it. I'm drinking the coffee. Take it from your posse members. It's. What's most amazing to me is the 8000. You've got 8000 five star reviews of other reviews too. We got 8000 five star reviews. How did that come about?

[Taj Gill]

Yeah, 8000 five star reviews, Steve. They're all, and they're all real reviews. We don't pay for any of the reviews. So after you buy from us, coffee mug, whatever, any product, about three weeks later, you'll get an email and it'll ask you to rate our coffee. So you pick one to five stars and you can put your comments in there. And we're pushing over 8,000 five star reviews right now. So that just goes to show you how much people like this coffee. It's, it's incredible copy. People love it. And then we have an insane return customer rate. So I showed this to one of our marketing guys about a month ago and he was like, no way. He goes, I've never seen a return rate that high. So we have a really loyal customer base. Just because, because of the product. We have a great product. We're not selling garbage coffee. We're not using robusta beans. It's not cheap, stale coffee and we don't burn it. So we use premium beans. We roast it the right way. We take our time. We small batch roast everything. And that's why you can drink it black. You don't need milk or sugar. I'm drinking black espresso right now and it's great. So if you haven't tried, you got to try it.

[Stephen K. Bannon]

It's the champagne of coffees. Where do they go right now to go Read the reviews and try because once you do it, this will be your coffee. Where they go.

[Taj Gill]

Taj, the website is warpath coffee and use promo code war room. That's for the war room posse. And this weekend is a really good time to buy because coffee prices may go up next week because of the tariffs. We will see, but it may. So if you want to stock up, stock up this weekend because the prices are locked in. So we got locked in prices and you got the war room discount code. Go to war or warpath coffee and stock up this weekend because the prices could go up next week. We're not sure. We'll see, but the prices are locked in right now. Stock up.

[Stephen K. Bannon]

You have, you haven't raised prices to date. I know you do everything to keep the prices where they are taste working. I will, but.

[Taj Gill]

Exactly. Yeah, we took it. We took a pretty good increase earlier this year and we, we held the line. And I don't know, I don't know how many more increases we can take, but we're gonna hold it. It's pretty close to where the prices are right now because I don't want to raise the prices because what we're doing right now is working and people are buying a lot of coffee and they keep coming back for more. So we're gonna try to do keep everything exactly the same, but load up this weekend just in case.

[Stephen K. Bannon]

We'll go to the website, read. First off, read the reviews. What we want you to do is get access to your fellow compatriots. Read those, see what you think. Order it. If you order it, you try it. I guarantee you'll be going back. The champagne of coffees, Taj Gill.

[Taj Gill]

Exactly.

[Stephen K. Bannon]

Another long weekend. Another long weekend. We'll let you get back to the roaster to your. Thank you, sir. Go back to roasting. Taste girl. What I do in the morning, Field of greens, the super. The super food organic superfood. I take that every morning with a drink right before I start pounding down my. My Warpath Coffee. Fieldofgreens.com, go check it out. Put in Bannon. You get a big discount. This is not like the stuff you see advertised on the other Networks. This is 100% organic. It's a longer process, more complicated process to make sure all the fruits and vegetables you need are in there and is real, not some sort of mix that is not organic and those types of binders and things like that. But go to the website, check it out. Field of greens. You want to get feel better. But energy, energy, energy. And that's what we need here in the particularly on the morning show, early in the morning. Spencer Morrison, you've got to be a big name over the last couple of weeks. We've got a couple of minutes in this block. I'm gonna hold you over. How we doing?

[Spencer Morrison]

Hey, Steve, thanks for having me on the program again. I love War Room. Love the War Room posse. You guys are doing God's work.

[Stephen K. Bannon]

Thank you, sir. What do you tell us about how we think we stand right now? President Trump's announcement? The globalists have not liked this. They're not fond of this. They're not happy.

[Spencer Morrison]

No, absolutely not. What President Trump is doing is he's systematically dismantling this globalist system that's been instituted over the last 50 years. You know, we've seen the country's industry offshored. Millions of jobs have left America. You know, just think about 20 years ago. In 2001, there was over 17 and a half million people employed in manufacturing. By 2020, that number had had reduced by 5 million. And on top of those 5 million manufacturing jobs that were lost was all those other jobs that were supported by them. Right. This manufacturing is sort of like mining or farming communities spring up around these farms. Right? I mean, all of Michigan, Dearborn, Michigan.

[Stephen K. Bannon]

Sprang up around Henry Ford. Hang on, are you and Trump just fantasist in Navarro? Are you just fantasists looking for a time that we can't get back to?

[Spencer Morrison]

Absolutely not. I mean, the evidence is already here. This is working. There's trillions of dollars of new investments that have been announced. If you go on the White House's Twitter page, the president is posting all of the investments that are being pledged, and there's trillions of them. I think we're over 5 trillion now. And these are new investments. Capital investments are going to accumulate capital.

[Stephen K. Bannon]

I want to bifurcate this. And I think this is very important. I'm not a huge fan of foreign capital, just foreign capital. I just don't. It's not, not my shtick to come here the if you bifurcate the sovereign wealth funds and the hedge funds and the MASA sans, that's one thing, but we're pretty definitively over a trillion dollars in the first 70 days of major corporations that are going to bring plant and equipment, equipment and jobs and production lines and that all important ecosystem around them of supply chains and others. And that's not easy. Doesn't happen with a snap. But hey, you couldn't continue on where we were going. Our people are paupers. The working class in this country, the bottom 50% are paupers. You can't have a nation like that. Certainly not a republic, a constitutional republic like the United States of America. Short break how well do you sleep at night? Real peace of mind comes from knowing your family is prepared for anything. My Patriot Supply, America's most trusted name in emergency preparedness, is offering a time limited discount on the bestselling three month emergency food kit. Now this is the basic the three month emergency food kit. This isn't your typical survival food. Each kit provides over 2000 calories and 100% of the recommended value of 12 essential vitamins and minerals daily for 90 days with delicious meals and extras including chicken, beef, fruits and veggies. We're talking quality meals that last up to 25 years in storage and still taste like home cooked. The pandemic taught us how quickly store shelves can empty. Don't wait for the next crisis. Your three month emergency food kit includes free shipping, a disaster replacement warranty and 24,7 customer support. This special discount is available for a limited time only. Visit my patriotsupply.com now to secure your family's future with a hundred dollar discount. If you order by 3pm they'll ship your order within the same day. So you have peace of mind right away. Get my Patriotsupply.com by going to my Patriotsupply.com do it. Do it today. Use your agency. Action Action Action. Here's your host, Stephen K. Banner. So Spencer, they're trying to get Trump to break right here. You've seen his plan and he's dug in right now. No negotiations, none of that. Although I've even been an advocate at least particularly the way the calculation went. There are people that say hey we understood you took the trade deficit. There's a mathematical formula back of it that commerce and your trade in any worked on. They may have observations. I think you always should be ready to listen to people particularly since they are going to be trading partners. I think that they're getting stacked up like planes over LaGuardia they actually either want to meet or have a discussion right away, which I think is the purpose of the trauma that he elicited and to have the gap between the time he delivered the blow and the time when it kicks in, the reciprocity. The other tariffs are kicking in right now and the Chinese are livid. Spencer, what would be your advice to the President of the United States, sir?

[Spencer Morrison]

Well, I think President Trump needs to hold the line on this issue. I think no matter what happens, the terrorists need to remain in place and they need to be fairly high. And the reason for that is because, you know, we have 50 years of offshoring to reverse. You know, it's done tremendous damage to this country. And the tariffs are going to help America in really just two ways because it's a reciprocal. If foreign countries take President Trump up on his offer and they reduce their average tariff rates, that's going to open up new markets for American goods. Last year, 2024, America exported about $3.2 trillion worth of goods, services. And that's in spite of all these massive, massive and non monetary barriers to entry. If these other countries, if even half of them take President Trump up on his offer and they lower their tariffs, that's going to generate a huge market for American exports. If we did it by 50%, we can expect exports to increase by maybe $1.6 trillion. And that's going to support another 4 million jobs.

[Stephen K. Bannon]

Yeah, look, you're either going to get it in tariff revenue coming in because you're charging for a premium market, or by opening up new markets, having production here, you'll have a higher growth rate on gdp, your corporations will pay higher taxes even with the structure they've got in citizens because they're making more. There's a very solid thought through industrial logic to what he's doing here. The logic that the opposition gives is that, oh well, you know, we can all make it up with service jobs. That's just not the case. And service jobs don't really have sustainable competitive advantage. They just don't. People are going to throw capital at things. You can do things. The service industry does not have sustainable competitive advantage. Manufacturing does. With your manufacturing processes and techniques. Go ahead, sir.

[Spencer Morrison]

I was going to say it's not just that. I mean the service industry, you know, this goes back to Adam Smith's wealth of Nations. He wrote it in 1776. And one of the core tenets for Adam Smith was how do countries get rich? Well, they get rich by accumulating capital, accumulating Capital paving new roads, building new ports and factories. And the service industry doesn't support that because it doesn't support diversified supply chains and it doesn't support a large, well educated and highly skilled workforce. Manufacturing does all of those things because if you're making physical products, you have to move those products around. So if you're investing in factories, you're going to also be investing in ports and roads and railroads and airports and then all of the machinery that it takes to transport these products. Services is not like that. I mean, you look at the sort of the spinoff wealth that comes from manufacturing and you compare that to Silicon Valley. I mean, you can run a billion dollar services industry from Silicon Valley with 70 people, you can't do that with manufacturing. Manufacturing, you're supporting, you know, about 10,000 jobs for every billion dollars worth of, worth of investment.

[Stephen K. Bannon]

Right.

[Spencer Morrison]

So there's a huge multiplier differential manufacturer.

[Stephen K. Bannon]

That's where all these social media, these all social media companies don't, don't employ anybody. By the way, on the, on the situation with China, because this, you would agree, Spencer, this is the way the, the center of GR of this is the American relationship and response to the tariffs with China and the Chinese Communist Party.

[Spencer Morrison]

Well, China's at the epicenter of all of this. And the reason for that is because China is the number one country that's preying upon America's markets. And they've been doing that, you know, since the 1980s when they received Most Favored Nation status, but really since 2001 when they joined the World Trade Organization, I mean, millions and millions of jobs have been lost to China and that nation has completely industrialized on the back of American investment. But it's not just that, because we talked about this over Liberation Day when I was on the program, we talked about how we pay for these goods because we're not trading the Chinese anything, we're not making anything for them. So what we're doing is we're selling our assets and we're selling our debts. And one of the core assets that we're selling is actually ownership of American companies. So what these Chinese do, you know, they're buying up ownership of American tech companies and then they're stealing the technology. In President Trump's first term, there was a report that was done and they were estimating that up to $600 billion of intellectual property was being stolen from America every year. I mean, you add that on top of the trade deficit. I mean, this country is foregoing almost $2 trillion every year in Lost productivity.

[Stephen K. Bannon]

If you take the debt at 37 trillion, you take the deficit at 2 trillion a year, which is where we are unless you change things. If you take the aggregate trade deficit of 25 trillion and 18 of that trillion has come since 2001, since China's fully been in most favored nation and World Trade Organization. And if you add on top of it what Spencer brings up, it's estimated by US government estimates that $600 billion a year of intellectual property because they don't think of anything, they got to steal it and copy it. Okay, if you think about that, you add that, that's another, you know, people saying that's another $25 trillion, $30 trillion of Stone intellectual property. And every company goes over there, wants to get access market, has to do a JV only through joint ventures. And in joint ventures part of the rule is you got to give up the IP. So if you add the 37 trillion in debt, which is the flip side of the 25 trillion trade deficit, yet on top of another 25 or $30 trillion intellectual property which has come from our universities through our companies, so you've paid for that either through your taxes in support of the university system and or the federal government level, the national lab system or companies that your pension funds have invested in, it's all been stolen and ripped off. This is how they dragged so many people into the middle class. I don't fault the Chinese Communist Party for doing it. What President Trump said, you had a bunch of easy marks here in the United States that made money off it. This is why it's different in the Thucydides trap. The elites in this country sold this country out full stop. The reason they're so traumatized, they're on TV screaming and yelling and the polls show the American people are going to have Trump's back, is because the American people understand in their hearts they know that the elites in this country of both parties and particularly Wall street, the corporatists, big corporations and Silicon Valley have sold them out. And the Republicans knee jerk reaction, the old thing was oh well, the big business is okay. During the pandemic in dei, you saw the face of it, the fangs of that, because they're the most progressive institutions in the country because they are run by the people that have the least morals in the country. That trifecta, including their political puppets, half of whom on the payroll of some sort of Chinese Communist party front group, as Natalie Winters has shown you time and time and time again, is the reason the country's in this fix, it took a Trump to walk into the Rose Garden and drop the hammer on the system. And it took the Financial Times finally to wake up. Yes, Trump is defiant. As Beijing fights back. We got that. It deepens in turmoil. We got that, too. You're just not going to sit there and go, hey, all that money, all the trillions of dollars that went to Beijing by Wall street, of your pension money, this is why it's a Greek tragedy. Your greatest strength has been turned to be the thing that threatens you the most. Your stick to it is your ability to pay taxes. Your being a good householder is what they call it. Right. To husband your resources, to have a little something to put into a 401k plan or to have a pension or to be a teacher or fireman, that you've got the state pension funds, all that was used to ship the jobs overseas. Your money, your money, I want to rub your nose in it. I want to take that scar and rub salt in it, because that's the great awakening we need. Now, you've had a political great awakening. Have an economic great awakening. What did Trump call it this morning on the 5th of April in the year of our Lord 2025? And I think at 8:34am Eastern Daylight Time on Truth Social, he called it an economic revolution. An economic revolution. All caps. It is. This is every bit as profound. And this is why he's the Washington at the beginning in the revolution, in the birth and the beginning of the nation, Lincoln at the rebirth of the nation after a brutal civil war, one of the most brutal civil wars ever fought in one country, and Trump at returning the nation sovereignty to herself and to the citizens of this nation, to make America great again and to break the globalists that have stolen this country in broad daylight. In broad daylight. And you don't think it's going to be a fight? You know it's going to be a fight. You've been with Trump for a while. You know it's going to be a fight. And there's certain fights worth having. And that's where you are right now. This is a testing. This will be a time of testing. And I'm not saying using the negotiating strategy or the I know he's not going to negotiate, but hearing and framing this and setting the process going at the same time. You're doing a rapprochement with Russia to get the geopolitics of the Eurasian landmass right and to take Ukraine off the table. The blood and the horror of Ukraine to put an end to that, to put an end to this situation in the Middle east, particularly this Persians and the nuclear weapons, to put that to bed. At the same time, he's going after the administrative and deep state in our own nation that has controlled this nation and been the, and been the apparatus, the apparatus that allowed the globalists on Wall street and the corporatists in the apartheid state of Silicon Valley to control you through that administrative and deep state and to link that to the city of London and to Davos and to Brussels, the capitals of this world, away from you. Those three things going on simultaneously. That's a fight worth having. Hey, he's just the guy to have it. He didn't come back to do small things. He didn't. When he was in Mar? A Lago in 21, in those first couple of months, understanding they would try to imprison him and have him die in prison, they would try to assassinate him, they would try to bankrupt him, they would try to destroy his name and his character and his reputation for all history and his family and his associates and his movement. He consciously made the decision to come back. He didn't sleepwalk into this. He consciously understood what was before him. And he also understood that he was going to get to liberation Day. There could not be a more important political time in the history of this republic than right now. We are so far removed and off and away from the revolutionary generation, the founders of this nation. And that's what he's restoring us to, to a constitutional republic. And isn't it ironic? And doesn't divine providence work in mysterious ways? That would What a week, 10 days, two weeks away from Lexington and Concord. The shot heard around the world. Well, hey, he gave a new shot heard around the world from the Rose Garden on Wednesday. Short commercial break. We're gonna return in a moment when there's no more. Let's take down the ccp. What if he had the brightest mind in the war Room delivering critical financial research every month? Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our wise man. A former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets. Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself. Now he's issuing a dire warning about April 11, a moment that could define Trump's presidency and your financial future. His latest book, MoneyGPT, exposes how AI is setting the stage for financial chaos. Bank runs at lightning speeds, algorithm driven crashes and even threats to national security. Right now, War room members get a free copy of MoneyGPT when they sign up for Strategic Intelligence. This is Jim's flagship financial newsletter, Strategic Intelligence. I read it. You should read it. Time is running out. Go to rickardswarroom.com that's all one word. Rickards war Room records with an S. Go now and claim your free book. That's rickardswarroom.com do it today. Here's your host, Stephen K. Ban. You know last night I was on msnbc I think Stephanie roll they did have a fascinating discussion about China and what they got and how tough this could be. One thing and that's the headline once again in the Financial Times in London because this is the center of gravity of this. Everything can fall together. This is the main event as Captain Fennell says, the main thing they did talk about generic drugs and active pharmaceutical ingredients API make sure you go to Jace Medical today. Go to the website spend time there. Find out about how they've locked in the supply chains for generic drugs and active pharmaceutical ingredients. 100% of that spend time if you have to actually make contact ZZ make contact with Dr. Sean and his team there. Find out about it. But you definitely want to get ahead of the curve on this because you have no no way we can tell which way this Chinese they got a fleet right now off of Taiwan trying to send the message that the 7th Fleet can't defend them. They just had a coup in South Korea and they've at least kicked out the conservative we're going to have more of that. We're going to people from Korea had a great Mina Kim yesterday was fantastic. Great interview. More of that make sure you go to jacemedical.com also taxes the IDES of April upon us think taxes got to be paid on the 17th now because I think the 15th is Saturday this come this next Saturday tax network USA go to taxnetworkusa.com do it today was it 800-958-1000 make sure you go put in promo code bannon or go to tnusa.com get your advice about particularly if you got a letter from the irs any notification IRS talk to these people and talk to them today. Get the anxiety there's enough angst and anxiety on your shoulders. Don't add this. Don't need to do it. There's lots of smart advice out there TN USA for your taxes is the best. Go check it out today. Spencer how do people get to the book how they get to your writings. You're going to be making a lot more public appearances. We'll notify people about that later. Where do people go, sir?

[Spencer Morrison]

Yeah, but you can follow me on. I appreciate every follower I get on x. It's real S.B. morrison. I've just linked to my latest article. I go into more detail about what we were talking about today, about how the tariffs are going to create jobs Both by expanding U.S. export markets and then also reshoring jobs and then the books available on Amazon. Right now we're doing 25% off the book to celebrate Liberation Day and to match the auto tariffs. So there you go.

[Stephen K. Bannon]

Yeah, fantastic. By the way, the auto tariff is going to bring massive amount of money in and also mass amounts of job. You got to stop just assembling them here. Ford Motor Company. You got to make it here. The high value added parts too. Trump ain't messing around. So I'll be up on Getter all week and I'll be putting up information. If something breaks between now and Monday, maybe even Sunday night, I might come on live. But we'll talk to Grace about that on the get our social platform if you guys can. This is totally free. Go to go to Apple Podcasts, download the podcast totally free and give us a review. The best way to kind of say, hey, here's what I think about the show. Here's I think the direction you're going. Give us a detailed review. Do it now. You can do it by downloading the podcast and give us a review. We're always looking for feedback from the live chat from everybody to make sure that we sharpen the message here and that we got the information that you, that you guys want to need. This is one of the reasons at Birch Gold, look, in times of turbulence, gold's been a hedge for 5,000 years. It's a store of value. Hey, there's a guy said the other day, it's outperformed the S&P 500 for the past 25 years. Gold has really never kind of done that. It's never been that type of investment vehicle. It's really been a store of value or hedge against times of financial turbulence. One thing we're very proud of is to basically get you up to speed so that you can have a mental map to understand this is the end of the dollar empire. Done in conjunction with the Birch Gold research team. They got the six free installment. We're going to have some announcements how we're going to do this, even get it to you in a More convenient package. But go to Birch Gold today, put in promo code Bannon and also talk to Philip Patrick and the team. One of the things we do at all these companies, make sure you get access to senior management, the people that own the company, the people that run the company. So go check it out today. Mike Lindell. Mike, you're a good example. You were hit by hard, you know, people. This is one of the things about reciprocity. It's kind of shocked people some of the tariff. And by the way, that's just not the raw number of tariffs. It also throws in the non tariff barriers. They really took the deficit as an issue and then worked their way back because the non tariff barriers are sometimes worse than the tariffs and blocking American companies for exporting goods. You've got a story there too, don't you sir?

[Mike Lindell]

Absolutely. When we export all of our exports, including Canada, Trudeau put a 25% tariff on my pillow products and bedding products coming into Canada. So I, I go, I had to build a plant up there. They said, okay, build a plant. We won't tear up here. We won't put a tariff on anymore. So we did that. And then of course what they did to MyPillow, they canceled us at the shopping networks up there and all over Canada as soon as I started speaking out about a lot of things here in the US including our election platform. So that was all part of the big cancellation. But right now Canada kept those. All the bedding products going into Canada, mattresses, everything have had this tariff on it. And our president now trying to get everything on a level playing field. I'm all for it, Steve. Even though, you know, MyPillow's been through this over and over again. Yeah, I think anything that could happen to a company has happened. And which brings up our special today everybody for the war room posse. We got in all of these kitchen, we have more. We have over 250 products. All of our kitchen towels. We have kitchen towels, oven mitts, potholes, you name it, all these supplies came in. And what happens? The box stores canceled us again. And so we're passing it on as low as 999 with the promo code war room. You guys check out all these products. These are. Once they're gone, they're gone. And you go to the website, go to mypillow.com, go down, click on Steve's face there and click it. And then there it is. These are war rooms exclusive. The 999 as low as 99. Kitchen towels, bathroom towels. You have the crosses for 30% off the most requested product I've ever had where everyone said, mike, I want the cross like you have. Meet in the usa everybody. They're made here. I was stubborn. I said, no, I want to meet here in the usa. And that's what we got. Finally. Beautiful crosses. And so you can get those 30% off a war room exclusive. All of our mattress toppers that are made here are on sale with promo code War room. Made in the usa promo code War room. And you guys call my reps. They're standing by. They're in the usa. What a concept.

[Stephen K. Bannon]

They're usa United States of America. American. Made with American parts, brother. Thank you so much. Mike Lindell. I'll be up on Getter all day today and tomorrow. Make sure you check it out. Grace will be up on Twitter putting information out the the color revolution is supposed to come to D.C. later in the day. We'll be covering that. We'll see you back here 10:00am Eastern Daylight Time Monday morning. You'll be back in the War Room. You wish you could have invested in the stock market last year when investors scored the highest profits in decades. But between that mountain of bills and credit card debt, you had nothing, and I mean nothing left over. It's time to stop letting debt hold you back. Let me tell you how Done With Debt can help. They have a brilliant new strategy designed to tackle your debt and put cash back into your hands so you can save and invest and build the life you've been wanting. Done With Debt goes head to head with credit card and loan companies. Their team of negotiators and legal experts work to significantly reduce your bills, eliminate interest and erase penalties. This frees up cash to invest while the stock market is still hot. The bottom line is this Done with debt helps turn crushing debt into financial freedom. That's crushing debt into financial freedom. But some of their strategies are time sensitive, so don't wait. Start building the life you deserve. Visit donewithdet.com and talk with one of their strategists. It's free. Go to donewithdebt.com that's donewithdebt.com Curd human really trying to fill this gap of quality supplements and of course the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc. And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health. 700,000Americans every year. Yes, heart disease is the number one killer every year, year in and year out. Heart disease builds over time. Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart. A healthy heart is key to being energetic. As we get older, it is never too early to take care of your heart. You see, heart disease sneaks up on us. You can start in your 30s, and when this happens, you're at serious works 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.