Episode 4402: The Multifront War On The Devaluation Of The American Dollar

Summary

Summary of Episode 4402: The Multifront War On The Devaluation Of The American Dollar

Podcast Information:

• Title: Bannon's War Room
• Host/Author: WarRoom.org
• Description: WAR ROOM: Pandemic is the first and most comprehensive program to bring the most up-to-the-minute information on the news of the day. Stephen K. Bannon brings medical experts, politicians, business leaders, and those on the front lines for a comprehensive look at the latest news from all sectors, providing their insider insights.
• Release Date: April 10, 2025

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1. Introduction to the Multifront War Against the American Dollar

The episode delves into the complex and multifaceted efforts aimed at devaluing the American dollar, emphasizing geopolitical tensions, economic strategies, and legislative maneuvers within the United States.

2. Legislative Struggles: House Republicans and the Budget Bill

House Republicans face significant internal challenges as they attempt to pass a Senate-passed budget bill. Speaker Mike Johnson is pushing to align the House with President Trump's legislative agenda, but conservative fiscal hawks are resistant due to concerns over increasing national debt.

• Joe Scarborough [00:59]: "You know, Willie, the issue has obviously been for quite some time, a $20 trillion addition to the United States debt, which is already sitting at $36 trillion. Nothing fiscally conservative about that."

Mike Johnson highlights the need for fiscal responsibility, aiming to integrate substantial savings into the budget resolution to mitigate the deficit.

• Mike Johnson [04:36]: "Our aim is to deliver on our promises in this big, beautiful bill regarding things like border security and restoring peace through strength and American energy dominance... Our aim is to deliver on our promises... We are committed to finding at least $1.5 trillion in savings for the American people."

Despite these efforts, there is skepticism about whether the House can achieve the necessary consensus to pass the bill without further concessions.

3. The Escalating Trade War with China and Other Nations

The podcast underscores the intensifying trade war between the United States and China, highlighting President Trump's strategic tariff implementations and the broader implications for global trade dynamics.

• Donald Trump [01:55 - 04:36]: Trump outlines the strategic partnership with Panama to counter China's influence, emphasizing border security, combating cartels, and securing the Panama Canal against Chinese malign activities.

• Joe Scarborough [06:18]: Discusses the pushback from senators on tariffs and the broader impact on the bond market, indicating potential instability in financial markets due to these trade tensions.

• Peter Navarro [07:09]: Advocates for making the 2017 Trump tax cuts permanent and emphasizes the need for substantial spending cuts to achieve fiscal sustainability. He stresses the importance of aggressive deficit reduction measures aligned with House objectives.

4. Geopolitical Strategies and Military Posturing

The episode sheds light on the United States' geopolitical strategies to counter China's growing influence, including military preparedness and strategic alliances.

• Joe Scarborough [23:12]: Highlights Secretary Hegseth's efforts in Panama and the memorandum of understanding aimed at securing the Panama Canal. Emphasizes the need to prevent CCP participation in critical infrastructure.

• Willie Geist [25:14]: Describes China's aggressive tactics in Southeast Asia, including bribery attempts and coercive diplomacy to undermine US influence. He illustrates this with an anecdote about Chinese delegates offering gold-laden business cards to secure influence in foreign nations.

5. Market Reactions: Bond and Stock Markets Volatility

The episode discusses the volatile reactions in bond and stock markets as a result of the ongoing trade war and legislative uncertainties.

• Joe Scarborough [08:45]: Analyzes the unexpected downturn in the stock and bond markets, attributing it to the intensified trade war with China and the uncertainty surrounding the budget resolution.

• Willie Geist [20:28]: Expresses confidence in the administration's strategic moves, lauding Trump's negotiation tactics and anticipating successful budget resolution amidst market turbulence.

6. Future Implications and Strategic Recommendations

The discussion transitions to potential future developments, emphasizing the critical need for continued strategic initiatives to safeguard the American dollar's status and economic stability.

• Joe Scarborough [27:06]: Predicts ongoing geopolitical confrontations, particularly focusing on China's unwillingness to compromise and the necessity for the US to maintain robust economic and military postures.

• Stephen K. Bannon [Various Timestamps]: Reinforces the importance of diversifying investments, particularly into physical gold, as a hedge against economic instability triggered by the devaluation of the dollar and geopolitical tensions.

7. Notable Quotes

• Joe Scarborough [00:59]: "Nothing fiscally conservative about that. You have the Senate passing resolution and saying, well, let's just pretend that we aren't extending these tax cuts which are going to blow a hole, of course, in the deficit and the national debt."

• Mike Johnson [04:36]: "We have a number of aims here... We are committed to finding at least $1.5 trillion in savings for the American people."

• Donald Trump [01:55]: "Since President Trump was elected, our two nations have done more to strengthen cooperation in a few months than we have in decades."

• Peter Navarro [07:09]: "Our ambition in the Senate is we are aligned with the House in terms of what their budget resolution outlined in terms of savings. We have a lot of United States Senators who believe that is a minimum."

• Willie Geist [25:14]: "The CCP is on the march and we are honest brokers in the United States. But right now the message to these... all of these countries around the world is China is not a smart long-term investment for you. The United States is—we are more stable, we are a better partner."

8. Conclusions

Episode 4402 of Bannon's War Room provides a comprehensive analysis of the multifaceted efforts to counteract the devaluation of the American dollar. Through legislative battles, strategic geopolitical maneuvers, and economic policies, the United States is actively engaging in a complex struggle to maintain its economic dominance and curb the rising influence of the Chinese Communist Party. The episode underscores the interconnectedness of fiscal responsibility, international trade strategies, and military preparedness in safeguarding national interests. Notably, the tension between internal fiscal policies and external economic pressures highlights the intricate balance required to navigate current global challenges.

9. Insights

• Economic Resilience: The emphasis on finding $1.5 trillion in savings reflects a strategic approach to fiscal responsibility aimed at reducing national debt and ensuring long-term economic stability.

• Geopolitical Vigilance: The proactive measures in securing alliances and countering China's influence demonstrate a heightened state of geopolitical vigilance essential for maintaining global economic standings.

• Market Sensitivity: The volatility in bond and stock markets signifies the fragile interplay between legislative actions and economic sentiments, highlighting the need for informed and strategic policymaking.

• Investment Strategies: The recommendation to invest in physical gold as a hedge against economic uncertainty suggests a pragmatic approach to personal and national financial security amidst global economic turbulence.

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Note: This summary intentionally omits advertisement segments and non-content sections to focus solely on the episode's substantive discussions and insights.

Transcript

[Willie Geist]

What happened today, that was different. After all, his remaining tariff threats went into effect at midnight last night. What happened today was not that the stock market tanked. It did at the beginning of the.

[Joe Scarborough]

Day with the tariffs in place, but.

[Willie Geist]

That'S, again, normal for a day with.

[Joe Scarborough]

Donald Trump at the wheel.

[Willie Geist]

What was different today was not that the stock market tanked again. Right. It was that the bond market tanked at the beginning of the day. 26 past the hour. Beautiful shot of Capitol Hill this morning. This morning, House Republicans will hold a vote on a Senate passed budget bill after GOP leaders pulled the measure from consideration last night. It was a major setback for Speaker Mike Johnson, who is pushing Republicans to get on board with the bill and advance President Trump's legislative agenda. But several conservative fiscal hawks argued the Senate's budget blueprint would add too much to the nation's debt. It's unclear if any of those holdouts have changed their mind.

[Joe Scarborough]

You know, Willie, the issue has obviously been for quite some time, a $20 trillion addition to the United States debt, which is already sitting at $36 trillion. Nothing fiscally conservative about that. You have the Senate passing resolution and saying, well, let's just pretend that we aren't extending these tax cuts which are going to blow a hole, of course, and the deficit in the national debt. And some, some, I guess I'll say fiscal conservatives. I'm glad there are a few that still at least call themselves that. And the House Republican Caucus are saying, we just can't do this without additional cuts. We'll see where it goes. But right now, I think some tough sailing for the speaker simply because, I mean, how does any Republican, how does anybody that call them, calls himself a fiscal conservative, support a budget that is going and tax cuts that are going.

[Donald Trump]

To lead to $20 trillion in new.

[Joe Scarborough]

Deficit and debt spending over the next 10 years?

[Donald Trump]

Since President Trump was elected, our two nations have done more to strengthen cooperation in a few months than we have in decades. And President Molino, who we met with earlier, we have you to thank in large part for that as well. Partnering closely in three areas. First, securing our borders and stopping mass illegal migration. What Panama has done in the Darien Gap is Incredible. Crossings down 99% since a year ago. Second, we're countering violent cartels and criminal enterprises. And third, we're securing the Panama Canal and countering China's malign influence. The Panama Canal is key terrain that must be secured by Panama with America and not China. To that end, that is why the United States and Panama have just signed a memorandum of understanding on cooperative security activities. This memorandum of understanding will increase joint training exercises, operations, and overall interoperability between our two forces. Re establishing rotational and joint presence at Fort Sherman Rodman Naval Station and Howard Air Force Base at Fort Sherman. Reviving the Jungle School alongside Panamanian forces gather. In fact, right now, partnering with Panama, we have two cruisers, two USS Coast Guard cutters, F18 fighters, a U.S. marine Corps infantry company, over 1,000 U.S. troops supporting partner operations in Panama in this region. As we put America first, we are putting the Americas first as well. We're doing this by confronting shared threats and shared challenges in this hemisphere. Starting as President Trump has led the way by securing our southern border, getting 100% operational control, because border security is national security and it starts at home. We're doing this by stopping illegal migration, destroying transnational cartels and gangs, and ending the era of capitulation to coercion to the Communist Chinese. As I said yesterday, we are helping to take back the Panama Canal from Communist Chinese influence. Like our partners across Central America and South America, the United States wants a hemisphere that is secure, prosperous, and full of sovereign nations. And we will achieve these goals together, standing shoulder to shoulder with our allies, in partners with President Trump leading the.

[Mike Johnson]

Way operations as recently as last night. And it's very productive. And I'm happy to tell you that this morning, I believe we have the votes to finally adopt the budget resolution so we can move forward on President Trump's very important agenda for the American people. This process has required a lot of close consultation between the White House and the Senate, and all of that has been necessary because we want to make sure that we are delivering on our shared goals in the budget reconciliation process. Process. Our big, beautiful bill has to reflect all of that. And so it is big, and it involves a lot of areas of policy, and so it requires a lot of close coordination. Our two chambers are directly aligned also on a very important principle, and that is the principle of fiscal responsibility. We are the party that delivers and ensures that. So we have a number of aims here. Our aim is to deliver on our promises in this big, beautiful bill regarding things like border security and restoring peace through strength and American energy dominance and regulatory reform to get the economy really humming again. And of course, also tax relief, tax reductions. We have to make the tax cuts permanent. And that's all involved and enveloped in this big effort and all the other promises and priorities we made. Now, it's important to note that at the same time, we also need to achieve the maximum amount of savings for the American people, because that's what fiscal responsibility is. And we even want to start reducing the deficit. So with all that in mind, our first big, beautiful reconciliation package here involves a number of commitments, and one of those is that we are committed to finding at least $1.5 trillion in savings for the American people.

[Joe Scarborough]

So we got a little pushback from some senators yesterday on tariffs, and they were able to break through to him, you know, as well as the bond market. But something that was. That was sort of overshadowed because it came just before, actually, Trump blinked and pulled a lot of these tariffs down. The House of Representative, as part of their legislation, took away their own power to restrain his ability, the President's ability on tariffs. They surrendered. Speaker Johnson was going to put it in the budget. Like, we won't have any say on tariffs, you know, for, I believe it was six months or so, meaning it wouldn't be until the fall or later before they could weigh in on any of this. So yet another example, guys, where this Congress has, you know, co equal branch of government, not so much. They're not interested in this. They're willfully ceding power, more and more power to the executive branch, all aligned.

[Peter Navarro]

On the need to make the 2017 Trump tax cuts permanent, to restore American energy dominance, to grow our economy, and to make a generational investment in our border security, and also make sure that we are ready militarily to deal with any of the threats that the country faces around the world. And those are all things that are addressed in this budget resolution, which is why it's really important that we act. The budget resolution, as you know, is the first step. It unlocks budget reconciliation, which is where all this can be achieved. But one of the principal objectives in our budget resolution and in the Houses, as outlined by the speaker, is spending cuts. We have got to do something to get the country on a more sustainable, sustainable fiscal path. And that entails us taking a hard scrub of our government, figuring out where we can find those savings. And our ambition in the Senate is we are aligned with the House in terms of what their budget resolution outlined in terms of savings. The speaker has talked about one and a half trillion dollars. We have a lot of United States Senators who believe that is a minimum. And we're certainly going to do everything we can to be as aggressive as possible, to see that we are serious about the matter not only of, you know, making our federal government more fiscally sustainable, but also deficit reduction, which is critical to a lot of our members in the Senate and I know to his members in the House. So we're ready to move forward. I'm hoping that the speaker and his team and his House colleagues can succeed today, get the budget resolution passed and that will set us up for the next step in this process.

[Joe Scarborough]

Coming in under minus 110 on headline minus 1 10. We're expecting the exact opposite. We're expecting up 1 10. Minus 1 10. Well we equal we were in May of 2020 to find a lower number here all the way to April of 2020, the heavy Covid affected months of the calendar. If we take food and energy out still coming in on the under up 110 we're expecting triple that number up 1 10. Well that would equal where we were in June of last year. To find a lower number would be zero in January of 21. These are definitely low numbers. 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. War ROOM here's your host, Stephen K. Banner. It's Thursday the 10th of April in the year of our Lord 2025. Explosive overnight news. And then early this morning the China the market is down almost a thousand points just right under it after a good overnight in Asia and in Europe. And the reason is that it's full on engagement now in a, in a trade war and maybe even expanded beyond that of the two titans of the world economy, the Chinese Communist Party in the United States of America. So China is fully engaged in this now. That's why Pete Hegser, they played that one clip of Pete in in Panama. Inflation number amazing low inflation numbers coming in I think second month a row under President Trump. We have EJ and Tony, some of his analysis will try to get him up. But the inflation number looks good. Last night as we left you they barely voted out the rule in the, in the House they had three notes that's so extraordinary just to get something on the floor. They had debate last Night they didn't bring it to a vote or actually I think they tried to bring it to a vote. They dropped it. They had a bunch of meetings and this morning they had another conference or another discussion and then joint press conference. What the hang up is, is the House Johnson had not, there was no mechanism to actually commit to two cuts. And this is, you know, John Thune sat there and talked about fiscal responsibility. Speaker Johnson talked about fiscal responsibility. This reconciliation. I realized the budget resolution is just kind of the starter's gun to get it rolling. There'll be, there can be other significant cuts coming in. But when they talk about 1.5 trillion, to my knowledge they're still talking over 10 years and that's $150 billion just not going to hack it. This budget, it looks like it's, you know, it's got added the deportation money, which is 170 billion. A top up on the defense budget, as Pete Higson said the other day, gets over a trillion dollars. It, the Senate version has I believe a lift of the debt ceiling of $5 trillion. And I only think this is a two year deal. It very unclear about all this. That's one of the reasons that I think the market's a little unsettled. Yesterday something happened very important. I have, you know, talked about and particularly since Liz Truss, the Liz Truss situation in England a couple of years ago. If, if countries get into these situations where it looks like, hey, you may be going in a totally different direction. And yesterday that was both on the issue of the tariffs and the structure of the tariffs in process for the tariffs, I think was very important to get a process in here because President Trump did not blink. President Trump has not, has not had his negotiators do anything but throw down hard. And of course we've, we've hit Canada and Mexico, two of our biggest trading partners with pretty massive tariffs. The issue yesterday is the bond market did hiccup a little bit in the morning. They had a good treasury auction before, before Scott Bessant met with the President, the Secretary of Treasury. But as Ray Dalio warned us, you have one failed treasury auction here, particularly selling 10 year securities. You're going to have a major problem. The bond market gets a vote and it's the first time that President Trump really had. He actually said last night that bond market kind of concerned him and it ought to concern people. I think one of the reasons the market's down, two reasons today. Number one, I think yesterday was part of a short squ squeeze, just not Guys, institutions coming in, buying long but covering short positions. Number two, I think this Chinese, the, the trade war is much bigger than that. This can go on many, many, many different aspects. Pete Hex has said, hey, we're essentially seizing the Panama Canal. If we have to, we'll do it militarily. Last but not least is this. Whatever the financial and economic plan is going forward in fiscal year 2026, it's very uncertain they are going to have a vote. I think the House has got the votes that Johnson's got. Has been a lot of arm twisting but I think it's also some a lick and a promise to say hey, we'll put the 1.5 trillion the Senate has in there and let's just deal with it. Finance, geopolitics, capital markets, the globe. Is China at war with the United States of America? All next in the war room. I got American power. I got American baby. 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Text Bannon Bannon O N to 989898 and let the experts at Birchgold help you secure your financial future today with gold. Here's your host, Stephen K. Band. Okay, a lot of a lot going on in Capitol Hill. A lot going on in capital markets. Dow Jones Industrial down 900. Look, it's going to fluctuate but this is after strong showings in Asia and in Europe overnight 10 year treasuries kind of settled at a 4.3. So some calm in the bond market. Gold exploded this morning. It's $3,144. This is not about the exact price of gold any day that's going to fluctuate. What you have to understand is what is driving gold and why is it a store of value and why is it a hedge against times of financial uncertainty. The best way to do that we think is the guys at men and women at Birchgold who are just terrific. So take your phone out right now. Easy way to start. Just take your phone out and text Bannon B A N N O N at 989-898 get the guide. They put out a guide, a pamphlet that you can study. Ultimate guide on owning and investing in gold and precious metals in the era of Trump. You do that and you can also get access to Philip Patrick and his team. Also one of the things about this Chinese the war against the ccp. So we told you they've been at war for us many, many years. Caroline Wren is in Southeast Asia. I think she's in Jakarta. She's going to join us in a moment and give us an update. Her update your say was quite frankly brilliant and teed up. She actually broke the news that she was coming to Southeast Asia. And the first move the Chinese have done in this, in this war that we're in is not call President Trump and say hey I'm a send a team to DC and let's sit down. No, he's actually going to go to Southeast Asia and really show up I think kind of uninvited and just have a sit down with his neighbors, various neighbors. So he's also talked about part of this and this is a multi front war. They've been the drivers in the de dollarization. We're the prime reserve currency. Whether we should continue to be the primer prime reserve currency is a interesting and fascinating debate and we should have it on a national scale like even make it part of the midterms or the 2028 presidential campaign. But just to lose it overnight would be catastrophic for this country. That's what the Chinese Communist Party is trying to do. For four years we've been working on this and giving to you the end of the dollar empire. What would happen? What's causing people to actually say we can get off the dollar and what would be the consequences? It's totally free. Go see that. Once you do that you understand how would go how gold and precious metals fit into the equation of fiat currency. That's birchgold.com Bannon into the dollar empire. You get to know Philip Patrick and the team. Just go do it today. Everything's free there. All the information, inflation amazing inflation number for the second month in a row. And E.J. antonio's got some incredible charts. We'll go through them in a moment. But Caroline Wren, you kind of called it yesterday about the ASEAN conference. You gave a tip that, hey, what, what she was demanding is that people not sit. President Trump's laid out a process, right, to cut these deals with our various trading partners to basically get to reciprocity, but also to stop everything else. And quite frankly, a big part of that's going to be driving, driving jobs back here because on the non tariff barriers and the currency manipulation, all that, I'm not so sure you're going to get to total agreement with everybody. So I think there's going to be plenty of room to bring particularly advanced manufacturing back. You're in Jakarta today. Any update? Because the Chinese companies are, people understand they're just not going to surrender. The Daily Mail's got a story about how they're going to hit US with a $1.9 trillion tsunami of various things on the trade side. So the ccp, as the Wall Street Journal said the other day, they've been preparing for this for a number of years. And this is kind of what this is all about because we have to sort out the $500 billion of advanced manufacturing that the CCP has stolen from us or they've stolen trillions, but what we get back every year as far as trade goes. Caroline Wren, your thoughts and observations from Jakarta.

[Willie Geist]

Well, a huge hat tip to President Trump and his team, particularly Secretary Bessen. I do think that they've been playing this all strategically and truly incredibly. And President Trump's announcement of the 90 day pause on the tariffs, excluding China, really reflects his art of the deal negotiation strategy and it really does. It was a brilliant idea because it helps take a little pressure off of the Southeast Asian countries. While it's going to take at least 90 days to negotiate these deals. And they are all, they've come to the table, every single one of them. They desperately want to make a deal with the United States. And so by lowering the tariffs to 10% for all those nations, I mean Trump's encouraged that dialogue. He reduced the market tensions, but then isolated China when he did that significant tariff increase. I think what is it up to now? 125% or more. So I just think he's effectively, he surrounded China economically. He's like leveraging the isolation to strengthen his bargaining position. These are genius moves that we haven't seen since Dr. Henry Kissinger, quite frankly. And I think this is A combination of when you put two brilliant people together like a brilliant dealmaker, dealmaker like Donald Trump and a brilliant, brilliant economist and strategist like Secretary Besant. And we are seeing the fruits of that right now. And I cannot wait to see what these deals look like over the next 90 days. But in the meantime, President Xi is not going to go quietly. As I broke on your show yesterday, I could tell as I was in Kuala Lumpur, a massive amount of Chinese presence was there, particularly people that looked like our version I guess of secret Service. So it was quite clear some movement was going to happen. Well, they announced that be coming on April 15th and 16th to Malaysia. Keep in mind he has never been to Malaysia and he's coming to come put pressure on Malaysia to not sign a deal with the United States. I would love to see the United States actually invite the Malaysia delegation to DC on April 15. Maybe we force these countries to make a decision. Do you want to come negotiate at the table with Donald Trump in Washington D.C. or do you want to stay back and host President Xi? This is a decision that you have to make. The other big thing I'm hearing right now is that while President Xi is on this, we think it's going to be about a week long tour after Malaysia. He is going to Cambodia and then to Vietnam. Why Vietnam? Because they were in today negotiating successfully with Secretary Bessant. They were in yesterday with the USTR negotiator. Vietnam is at the table. But while President Xi is traveling we expect him to up the aerial drills over Taiwan. That's the next move and play that he is going to do right now during these negotiations. And we need to be prepared. That's why Secretary Hegseth was in the Philippines two weeks ago. It's why he was at the Panama Panama Canal two days ago. This administration is prepared and they are going to win this trade war against China.

[Joe Scarborough]

As I say this is going to quickly to non trade aspects. The the political pressure he's going to put on Southeast Asia is going to be enormous. But this is why Hexis in the Phil in Panama yesterday saying hey we just signed a memorial understanding with the Panamanian government. We're going to do joint military exercises. He's saying we're going to ensure the security of the of the Panama Canal and it's not going to have a Chinese Communist party participation in it. Yesterday we also had on the show about the the NBC News piece about potential kinetic military activity by U.S. armed forces in Mexico against the fentanyl in the Mexican Drug gangs who are active partners of the Chinese Communist Party in their chemical warfare attack into the United States. And then Caroline just said there's increasing activity around Taiwan. People are very serious about that. We've actually forward deployed, I know some bomber groups over to Diego Garcia, although the ownership of Diego Garcia, I guess, is being worked out right now. And that is in the middle of the Indian Ocean. So those can go anywhere up to Middle east or to the Pacific. But there's a lot of activity going on, folks. I don't understand the Chinese in. Caroline, I think you would agree with us since you're in Southeast Asia and see how they roll. They're not just going to sit there and call President Trump and say, hey, let's have a meeting. I think that's very unlikely. One of the reasons I think it's unlikely, I'm not sure Xi would be the guy in charge of the Chinese Communist Party and the president of China if he did that. He has hardliners, just like Putin has hardliners. He has hardliners who are taking a hard line against the United States and see us as their ultimate enemy as we see them as the existential threat to world peace. What's the response of people in Southeast Asia? I take it they can't be too happy with the, with the, with Xi coming next week when possibly they could be in Washington D.C. meeting with Scott Besant or the trade rep or Peter Navarro trying to cut a deal.

[Willie Geist]

Well, they aren't, but this is. I heard a really interesting story yesterday about this is how China comes in and operates in these countries. Someone told me that the head of their minerals in their country took a meeting with some folks from China. There was 10 people from the Chinese delegation showed up. Each one of them handed him a business card. Each business card was several ounces of gold with their names each sketched into it. What were they doing? They were handing that man about $30,000 worth of gold indirectly. And then at the end of the meeting, they said, okay, we're going to come back tomorrow. How many people should we bring? Basically saying, how many people and gold cards should we bring with you to start to bribe you? That is what we're up against in China. They do not play games. The thing about China is that if you bribe someone in a business setting in China, you get executed. If you leave China and go bribe someone in a foreign country on behalf of the ccp, you get a promotion and you get a raise. And so right now we've got to be, I mean, The CCP is on the march and we are honest brokers in the United States. But right now what we have to, the message to these, you know, all of these countries around the world is China is not a smart long term investment for you. The United States is we are more stable, we are a better partner. We are a better partner with trade. We are a better partner, partner with negotiations. China comes in, promises a bunch of cash in the world. They never end up paying. They don't pay their taxes and they don't assimilate to your culture. And so I think that these nations know that, which is evidenced by, you know, 75 plus countries saying, please, Donald Trump, we want to come make a deal with you.

[Joe Scarborough]

Yeah. And there's a process set up now do that. Caroline, where do people follow you on your, on your White Lotus tour, ma'am?

[Willie Geist]

It is at Caroline Wren on Twitter, getter and Truth Social.

[Joe Scarborough]

So we just, we went from below decks. It was below decks. Now we're, now we're in White Lotus season four. Right. It's, it's, you're like a traveling reality show.

[Willie Geist]

Yeah, pretty much.

[Joe Scarborough]

Caroline, thank you. Thank you for reporting. Great, great call yesterday. Big scoop.

[Willie Geist]

Thank you.

[Joe Scarborough]

Short commercial break. Texas Cornyn, John Cornyn came out yesterday. He said some terrible things about Ken Paxton. The fight in Texas is going to be pretty, pretty vicious. The Senate, Senate primary. Axios already got a big story up how it's, how it's MAGA versus another round with the, the bush hunter down the great state of Texas. Patriot Mobile. Glen Story and the team have been so vital down there. Go to Patriot Mobile, 9, 7, 2, Patriot. Check out that company today. Shift over. You know they're with you. Do the shift today. Short break. Back in a moment. Are you a yo yo dieter? You diet, lose weight but gain it all back plus a few extra pounds for the effort. Then later you lose it again and regain it again and on and on and on. I think I resemble this. It's dangerous. Studies show that you can increase your risk of heart attack, stroke, type 2 diabetes and other health problems. Breaking free of your yo yo diet pattern is a main reason doctors created Lean. Lean is a supplement, not an injection. And you don't need a prescription. The science behind Lean is impressive. It studied natural ingredients target weight loss in three powerful ways. Lean helps maintain healthy blood sugar. It helps control appetite and cravings. And it helps burn fat by converting fat into energy. Listen, if you're tired of losing weight and gaining it back, if you want to lose meaningful weight at A healthy pace lean was created for you. Let me get you started with 20% off when you enter Bannon 20, that's B A N N O N [e-mail] that's code Bannon [e-mail] Bannon 20 that's20akelen.com lose it and keep it off. Here's your host, Stephen K. Ban. We're more on the Texas race this afternoon, maybe tomorrow. But it's already started out pretty vicious. Cornyn already started the smear campaign against Ken Paxton in Texas, folks. And for the great folks in Texas, this is like the ongoing, you know, the ongoing battle we've had. You know, we've had the impeachment of Paxson, then the trial, which his audience was very involved, making sure that people understood the consequences of voting to convict. You've had the massive, you know, Soros trying to turn Texas blue and then purple. And then because of the grassroots and the MAGA movement and President Trump, President Trump won by 14 points, got Ted Cruz won at nine. These are numbers that are just absolutely blowout numbers. The but then you had the House situation where the Texas has these great conservatives. We've been down there and that's why Glenn Sterling, the team at Patriot Mobile and their pack have been so terrific. I went down and gave talks in Denton county and Tarrant County. It's just been, it's been been incredible down there, the level of enthusiasm. And now you're going to have probably for 26 for this cycle, the most intense, although Michigan may be teeing up to be that the most intense will be Texas. And Cornyn was right. This is going to be over $1 million fight. But Cornyn to me is as bad as they get. I mean, he's just a McConnell Bush acolyte. He tries to fake it sometimes to make sure people, you know, can say he's a conservative. I just don't see it. Not just a moderate. He's a, he's a globalist and always have supported the deep state. Ken Paxton's a good man, but that's going to be a tough one. That's why the people at Patriot Mobile have been so fantastic. Glenn steering his team on all the different issues down there in Texas. And it's not the service is fantastic and you get a free month of use. Bannon but go to 972 Patriot, 972 Patriot. You can talk to an American citizen at their customer service, get all the details, find out how it layers on top of the existing networks and how the service is great, but you will these are people that support your values. So check it out. In Texas, we're going to spend. Axios has a big story today about this and it's got Charlie Kirk is giving a quote in it that we talked to them and said we're going to be very involved in this thing. And this is like a continuing, this is a continuation of these fights that we've had before back to capital markets and in particularly gold, I mean, at 3,144, particularly with the market down, these markets are going to be all over. One of the reasons you've had this reaction this morning is that it is first off, that was some of that yesterday was a short cover. That was historic, 3,000 points. But it's also people are waking up. Stocks soars, Trump presses, tariffs pause and hits China harder. The entire thing about the geoeconomic in the geopolitical reset is predicated around China and what our elites have done to basically empower China and make China wealthy at the expense of working class people in the middle class in the United States. That gets down to the beating heart of it we've talked about on the show for years and years and years. We consider this show to be the lead in the effort to back Lao Beijing because the United States and people in the United States can't take down the Chinese Communist Party. Their legitimacy is questioned by their citizens in Lao Beijing. That's a term of endearment in China that means old hundred names. There's essentially roughly, you know, mythically 100 last names in China. And so old hundred names is what they say is kind of John Q. Public or the little guy, right? He's the guy that everything kind of happens to, but it's on his shoulders that the whole country kind of exists. So it's a, it's a term of endearment, Lao baijing. And it's the only the Lao baijin can make a decision about who rules them and who governs them. But I will tell you, they have no love for the Chinese Communist Party. And the Chinese Communist Party is always, is, is now in a, a, a huge crisis internally, internally about legitimacy. Because even from the founding of the People's Republic of China, it's been very questionable actually how they came to power. They weren't democratically elected. They never opened up to elections. They never opened up to the sovereign will of the people. They took control and they took control with a bunch of different institutions and people helping them is one of the big controversies. It's really what started off the whole situation with Carthy, this is kind of. They think it was internal. It didn't start with that. It started in the late 1940s with Time magazine and with others in the what they called the China hands, or people in the United States that were very close to China. The question was, who lost China? They had been an ally in World War II. They had taken the brunt of the Japanese Imperial army on mainland China. They lost tens of millions of people. It was brutal. Some of that was fighting each other. The Chinese were very good at fighting each other and not really fighting the Japanese. But it kind of came as a shock to the basic average American that China turned out to be communist. After the war, there was a lot of questions. The Chinese Communist Party has always internally had an issue with their own legitimacy. Wan Shishan and others have led an effort for years about how to do that because they realize they only exist because they've made a Faustian pact with the people of China that we will give you tremendous economic returns and really bring you into the middle class. Okay, but at the cost of no political freedom and no real freedom. It's run as essentially a slave labor camp. The elites on Wall street know that. They knew that in 1989 when Tiananmen happened, the Bush. That was Bush's first and only term. The Clintons knew it. When the Clintons had the Chinese generals coming into the White House with bags of cash, cash, the fix has been in by our governing class, by the investment banks, by the providers of capital to essentially shift capital out of the United States and away from manufacturing to what was essentially a slave labor camp in China. This has been brewing for years. And, you know, Kevin O'Leary gave just a magnificent summary to, you know, on CNN the other night. And it's a good lesson, I think, for the. Maybe I'll play it later today. It's a good lesson for the war and posse, because these are things we talk about, if not every day, every other day for years and years and years, and particularly the beginning of the show when we started five years ago and we shifted from impeachment to pandemic, why were we the first people on pandemic? Well, given our knowledge of China, given the relationships we have, we knew immediately this was going to be a huge deal. When other people kind of laughed it off, and we also knew it came from Wuhan, there was no doubt about that. Now it's become clearer and clearer and clearer that when President Trump, when President Trump engaged with Bob Lighthizer and Peter Navarro to really negotiate a massive overall deal with the Chinese Communist Party. It was the deal that was one that had seven different verticals to it took care of all what we call the original sin state owned industries, their currency manipulation, all of it counterfeiting, everything they've done and also labor practices, the crushing of their own people over almost two years of negotiation from 2017. Very early because we did in the way his first. The accommodation is won out initially about how to kind of work out something that took, you know, a couple months. And it came off the trip of Xi coming to Mar a Lago. And President Trump was furious when he saw the product. He says, I'm not doing this. This is just more tapping along. And he then empowered Navarro and Bob Lighthizer to kind of work on a deal that took two years with Li he in May of 19 that was prepared to be signed. They were prepared to go to final documentations and the Chinese understanding they were building this new relationship with Russia in the one belt, one road. Things were going good. President Trump was under assault with the Russia gate. This is also what the deep state was trying to do in protection of China. And the Chinese just looked at the last second, said, no, we're not going to do it. Then shortly thereafter, Xi declared people's war against the United States. Now, unrestricted warfare. They've been hitting us with psychological, with cyber, with political, with economic for two decades. So we say this economic war is heated up now. It's just now officially the United States government is going to get engaged. President Trump, that's a hard, that's a hard throwdown, 125% tariffs. And particularly to single them out, to say, hey, everybody else, I'm going to keep a 10, I'm going to keep it 10%. And 10% is huge. Also, if you look at Japan in, excuse me, but Mexico and Canada, he's got huge tariffs on them and he still got the 25% tariffs on the automotives coming in here. So President, people say President Trump's blankets farthest from it. What he's done is set a process to get all the other nations on the earth in here and to kind of figure this out on reciprocity. And they've got something to say about that and they should, you know, we're not sitting there going, this is it. This is reciprocity. You have to bind this number. If they have arguments about that, you know, Scott Bess and Peter Navarre, President Trump particularly has done enough transactions and deals to understand it he'll listen. But now we're engaged in it. And if you look at the battlefield and this is one of the things we try to do here in the war room is make sure you understand that it should not be lost on you that the vice president advance goes to Greenland, that Pete Hagseth does his first tour as SecDef. He went and obviously gave a speech in Munich. But the first real tory does, he goes to Hawaii. The third island chain, he goes to Guam. The second island chain, he goes to the Philippines and to into Japan and talks about. And talks about army in the Philippines. Makes a basic commitment to keep the free navigation of the South China Sea. He's then now in, in in Panama. That clip at the top of the show was as strong as any defense Secretary. I've said I've heard a memorandum of understanding and it's to basically say, hey, the Panama Canal, we're going to work with the Panamanian government. The Chinese Communist Party's out. You're going to be out. This is what we're going to work with the Panamanian government. But this is going to be an asset controlled by the United States of America. This is why I'm calling for immediately. What they should do is set up for Larry Fink to wire the money to Hutchinson Juan Paul to the Panamanian government. Just had the Panamanian government bless the deal, wire the money to Hutchinson Juan Paul because the CCP has stopped the deal to transfer the docks, the management of the docs and the stevedores and all that into Panama Canal from a Chinese company as that sound familiar? What they do Hutchinson Whampo, one of the most important trading companies in Hong Kong, to transfer that to Larry Fink in Blackrock. That should take place immediately. Also the Chinese government has said, hey, guess what? We're not going to do a deal on TikTok. Then I don't know, maybe we seize the assets in the United States. I think we have to start playing even more hardball with the ccp. They're increasing exercises around Taiwan. This they are not going to kowtow. Number one, their senior cadres can't kowtow. If they kowtow to what we wanted today, my strong belief is that they would be removed by certain ultra nationalist elements in the military and also in the party. Remember, this Chinese Communist Party is run by about five factions, okay? Five factions that are always. It's Game of Thrones all the time. These five factions, you should understand, are some of the richest people on earth. They are richer, they have more wealth and stolen more wealth from the Chinese people than, than like the, the, the monarchies in the Gulf emirates, particularly Saudi Arabia. The Chinese Communist Party senior cadre personnel is some of the wealthiest in the world. The other I recommend and understand President Trump is not for this. President Trump very much wants the American universities to educate foreign students and bring the best in. Bryce here, I fully understand that, you know, his thinking on this is very sharp and very dug in. He's kind of immovable on this. Although I recommend, given everything that's going on in the commitment, that the Chinese students, not their fault, they have to make a commitment to the Chinese government and essentially to their intelligence services to do a monthly update where they're here as an exchange student. I think it's just better for this moment in time of what's going on with us vis a vis the Chinese government that we immediately revoke all 350,000, which I believe the number is that number shock you, revoke the student visas immediately, get them on a plane and get them out of here and allow all American students to fill those, to fill those billets immediately. Those, the student bills a lot in some of the best universities in the country. So I strongly recommend we do that. As we get we're going to have to go to other measures here besides just the tariffs, because the Chinese Communist Party is not going to bend the knee. As, as Carolyn Wren just said yesterday in asean, they were telling people, don't go to the United States, do not go to the United States, do not engage in this process. Now they're actually saying, hey, next week we're showing up, so be there, don't be in Washington, D.C. short commercial break we're going to leave you with Take down the ccp, the great anthem from Miles Guo. We're going to be back in the warm in just a moment. 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 torickards war room dot com. That's all one word. Rickards War Room records with an S. Go now and claim your free book. That's Rickards War room dot com. Do it today. Here's your host, Stephen K. Banner. Okay, markets are all over today and a lot of turmoil and it's going to be like that. The reason is, is this, that the and Asia had a, had a good night overnight and particularly Japan and Europe had a good day, not a bad day, very turbulent US Markets. And the headline right there hits China harder. This is the game in Chinese. And anybody associated with President Trump that's telling him that the Chinese are going to kowtow immediately, hey, maybe they do. And that would be monumental. And I'd be the first to say, good on you. I love it. This, what President Trump has done is brilliant. He's kind of isolated. The Chinese Communist Party and you see now Caroline ran yesterday from Kuala Lumpur, today from Jakarta. The Chinese Communist Party is all over trying to get people to turn on the United States. And they're going to be making, she's going to be making personal visits. And remember, the head of China does not travel easily, doesn't show up on places randomly. There's always a purpose. The predatory capitalism that's kind of the British East India Company model that they've done in reverse is very, very powerful. Very, very powerful for the one belt, one road. Virtually all the countries that took it regret it because the projects are not finished or they didn't turn out like they thought they were and now they own the debt. And so you've had kind of elite capture with predatory capitalism, just like the Brits used to do it using the British East India Company. And it's, it's worked out terribly for the countries that took the money. That's why Gold is now over 31. It's 3144, still close to it. Explosive, explosive growth in that over the last 25 years, gold has actually outperformed the S&P5,500. That is the guy from Bloomberg that said that last week, which is extraordinary. You don't need to know the price of gold. You need to know the driving factors behind it. That's why I go to Birch Gold. The easiest way to do it to start off, just take your phone out and Text Bannon B A N N O N 989-898 and ask for and get the ultimate guide for investing in gold and precious metals in the era of Trump. I think it's a good place to start. Very accessible and it puts you in contact with Philip Patrick's entire team over at Birchgold. That's what you are doing. Get some pattern recognition here, folks, because it's going to be turbulent for a while that I can tell you in this turbulence. Natalie Dominguez, by the way, the response on the triple lock on the million dollar triple lock protection offer program has been extraordinary. Natalie, tell us about it.

[Natalie Dominguez]

Awesome. Yeah. So normally we talk about news stories and I know we've talked about squatters in the past, but I wanted to bring up this story because I just found it to be incredibly wild. Woman in Florida has done this to two homes. Always befriend your neighbors, guys. There's homeowners that split their time between Florida and Texas. They find out a woman was squatting because their neighbor called it in. Police show up at the door. This woman says to the police, finders keepers, losers weepers. This is on record with the court case. It's wild. But what happened was she had gone into the home, started squatting and then presented a quick claim to the police saying, nope, I own this home now. Luckily, when they researched the record, it hadn't actually been filed properly with the county. So the county hadn't accepted it, but she had filed it. And this is like just the wildest thing to me. One, she told the police that she had seen other people doing this to properties and that's what gave her the idea to do it was going in and essentially squatting and then filing the quit claim deed and then taking over the property. And she said, I was going to take care of it. It just the mentality of this is crazy. The part that killed me the most was that the state attorney came out afterwards and I quote, said, although the deeds were not accepted by the clerk of court in this case, if it had been, excuse me, there would have been drastic and expensive consequences for the homeowner. This is the state attorney and then continues to say that the homeowners can easily protect themselves against this crime through monitoring systems. So basically this is what I'm hearing. It would have been devastating for the homeowners, but homeowners can protect themselves. But the only thing that stood between this woman and owning this person's home was that she didn't fill out part of the transfer document properly. There's no, there's nothing set up at the county side that would have stopped them from taking it other than maybe a signature, an address not filled out. That's wild to me. I don't know. What do you think, Steve? The story crazy or just me?

[Joe Scarborough]

No, here's. Now I'm glad I got home title up. You're telling me that the squatter could just go down to the county, fill a quick claim deed. Nobody does any checkings that it might have slipped through if it wasn't for some technicality. And then the owner in the state attorney says, then the owner's going to have a long fight, first of all, somebody else is in your property, which is bad enough, but you're going to have a long fight paying lawyers to dig them out of there. And maybe, you know, it might be some small, the possibility that doesn't work and they take the home. Is that, is that the reality?

[Natalie Dominguez]

Yep. Absolutely. And I know you guys have had Matt Cox on the criminal that did this like 20 years ago and went to prison for over a decade. He said that's something he used to do. He would go and he would actually rent a property, be in the property for a little bit and then get all the information he needed and then file the quick claim deed and then go take out all the equity. So, you know, that's why we built our million dollar protection the way that we did. We're not just monitoring and alerts. Like, yes, some of these counties have free alert systems, but what they don't do is help you after the fact. They're like, okay, go get a lawyer. Our restoration is the most important part of our million dollar triple lock protection. We have built a network of legal experts across the US no matter what jurisdiction you're in, whatever we're dealing with, we're prepared, knowledgeable and ready at a moment's notice to fight for these homeowners. The last thing that you want is someone living in your house while you're fighting a two year long legal battle. So you can go to hometitlelock.com, use the promo code. Steve, you're going to get a 14 day free trial and a title history report to make sure that you are not already a victim. This is the most important thing that you guys can do today, especially in this uncertain, you know, the market, everything that's going on with homes right now, make sure that you're not in a legal battle for the next two years trying to figure your stuff out. Hometitleoc.com promo code Steve.

[Joe Scarborough]

Hometitlelock.Com promo code Steve do it today. Don't want one of these horror stories because if this happens, you're not going to be on the ramparts. And Mike Dave is about to join us, tell you exactly the impact that you have had this audience. Natalie hometitlek.com Steve 14 day free and you get a check right away. A checkup right away. Natalie, great work. Love this new program. Thank you, man.

[Natalie Dominguez]

Steve have a great one.

[Joe Scarborough]

The head of education services at home. Home title lock. She's fantastic. Just done a fabulous job. Next hour, Mike Davis on the Supreme Court's now come in. I don't know, five or six times. You know why? You the audience, you gave him a wake up call with your calls and your emails and your text messages. Mike Davis to give us a battlefield report. Raheem Kassam is just back from Panama. The great Bill Gertz from the Washington Times, the most dialed in reporter about the Chinese Communist Party in the great war before us. And then EJ And Tony. Unbelievable economic numbers on inflation. All of that in constant updates. What's happening on the Hill? Gonna leave you with the right stuff. We're back in two minutes. See you back here in the war room. The April 15 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 Tax Network USA. Go to tnusa.com Bannon Curdhuman really trying to fill this gap of quality supplements and of course, the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc CoQ10, etc. And because it is 100 grass fed and natural, your body is able to absorb these nutrients. 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.

[Peter Navarro]

Cheers to your health.

[Joe Scarborough]

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