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Bannon`s War Room
Episode 4403: Constant Sabotaging Of Courts Against Trump; Freeing The Panama Canal
Episode 4403: Constant Sabotaging Of Courts Against Trump; Freeing The Panama Canal ...
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- [00:02]
Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Reasons I got a free shot on all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
- [00:24]
Mike Davis
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.
- [00:34]
Steve Bannon
Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
- [00:44]
Stephen K. Bannon
War ROOM here's your host, Stephen K. Banner.
- [00:53]
Steve Bannon
Okay. Thursday, April 10 April Yerviller 2025 the Engine Room informs me or inform me again. Monica Crowley was confirmed, I think yesterday in the by the United States Senate to be head of protocol. So she's now been confirmed. Once you confirm too many, many things can happen. You just saw the Secretary of the army stepped in to take the burden of ATF off of cash. Cash got enough to do at the, at the FBI and according to Tom Fitton and some of our colleagues maybe, you know, got to work longer hours. So ATF is now with the Secretary of the Army. The reason was the guy had been confirmed. So very, very important. So much. In the second hour, we're going to break down from the economics to the politics to the, to the judicial and try to break it all down for you so you understand where the battle is right now on trying to thwart President Trump's second term and particularly President Trump trying to reorganize the world geopolitically, geostrategically and geo economically. I want to start with the Mike Davis. Mike. I think it's five or six cases now. The Supreme Court Justice Roberts has stepped into what was his wake up call. I thought Roberts was, was going to try to avoid as much of this as possible. It looks like somebody rung his bell. How did that happen, sir?
- [02:11]
Stephen K. Bannon
Well, President Trump has gotten five monumental wins in the Supreme Court over the last week. And the Chief justice is stepping up and reining in these activist judges who are sabotaging the president's core Article 2 executive power. President Trump won a broad electoral mandate, 312 electoral votes, all seven swing states, the popular vote. He's doing exactly what he promised American voters he would do, which is cut waste, fraud and abuse with doge, secure our border, get illegal immigrants the hell out of our country. Especially foreign terrorists with trend Aragua and international gang bangers with Ms. 13. President Trump's doing the unthinkable. He's actually doing what he promised American voters he would do. He kept the House. He won a comfortable majority in the Senate. The last place these Democrats have to go are these with these activist plaintiffs, with these bogus cases, with these activist judges in places like D.C. they were sabotaging the presidency. And the Chief justice is finally stepping up after two months of judicial sabotage. It's not judicial review, it's judicial sabotage. And finally playing whack a mole with these activist judges and reining them in.
- [03:33]
Steve Bannon
What was it? Now, if President Trump's had five monumental wins about his Article 2 powers, or what we refer to sometimes as the unitary executive theory, in each different vertical, both as chief executive officer on personnel and money, as commander in chief, and also as chief magistrate in the chief law enforcement officer, which their heads are still blowing up about. President Trump's like yesterday, the executive order for the investigation, telling DOJ to investigate why. Why did he. Why was Roberts not involved in this in the first couple of months, but now seems to be very engaged and these wins are basically going for President Trump. What caused that, in your best estimate?
- [04:19]
Stephen K. Bannon
Well, I think it's the firestorm that we unleashed, the political firestorm with the Article 3 project and the War Room Posse. And look, it was getting picked up by mainstream media, these criticisms, strong criticisms of the Chief and Justice Amy Cody Barrett, for letting the presidency get sabotaged. And they do care about what people say about them in mainstream outlets. And I know that. So we. This started six weeks ago when the Chief Justice, John Robertson, Justice Amy Coney Barrett, Professor Amy Coney Barrett, let Judge ali on the D.C. district Court. This new judge that got jammed through in the lame duck session after Democrats lost the White House, lost the Senate. This first Muslim, this first Arab judge gets jammed through on the D.C. district Court. One of the first things he does is tells the President of the United States, orders the president to send out checks for $2 billion in foreign aid before the president can do a national security review to make sure we're not funding Hamas terrorists, for example, who are killing Americans, or we're not funding transgender mice research in Durka Durka lands. And this got to the Supreme Court. And Justice Barrett and the Chief justice, shockingly, as Justice Alito pointed out, joined the three liberals and said, this is called. Judge Ali called this a temporary restraining order, which is supposed to be temporary even though $2 billion is going out the door and never coming back. And because Judge Ali called it a temporary restraining order, Justice Barrett's the smartest civil procedure professor in the land. And those aren't immediately appealable. Fortunately, Justice Amy Coney Barrett, the rattled law professor with her head up, her behinds got it out of her behinds in this last week because she said o. She joined four conservatives and said, okay, we get it. These aren't TROs. These are injunctions. This money's not coming back. These actions are not temporary. And she finally got her head out of her behind. But that Judge Ali decision unleashed six weeks of judicial chaos, judicial sabotage of the presidency. And I think the Chief justice finally learned his lesson along with Justice Amy Coney Barrett. That's just one of the cases. There was also the case where we had two illegal immigrants. One gets sent back to El Salvador. He's an MS.13 gang banger and he tried to pretend like he's being persecuted. I told he's not being persecuted anymore because Biden led all the persecutors from El Salvador into America. So I think he's in graver danger in America than he is in El Salvador. He got sent back. Obrego Garcia got set back because the Chief justice stayed the 4th Circuit when the 4th Circuit said he's not going back to El Salvador. Sorry, Obrego Garcia, hasta la vista, buddy. You're going back to El Salvador. And then we had the Boasburg Trend Aragua case where Boasberg think it was four Saturdays ago exposed an ongoing national security military operation endangering lives and tried to stop the President from deporting Trend Aragua foreign terrorists along with ms.13 gang members. This bangers. The Supreme Court stopped Boasberg. The Chief justice joined four conservatives. Barrett joined her liberal hints again. But five justices on the Supreme Court said no, Boasberg, you don't have jurisdiction here. Jurisdiction is a habeas claim in Texas from where the planes took off. It's not a D.C. activist judge sabotaging the presidency. The third case we have, we have the Office of personnel management. The Ninth Circuit said the president couldn't fire 16,000 probationary employees. The President can absolutely do that both under statute and under Article 2 of the Constitution. The Ninth Circuit tried to stop him. The Supreme Court with only two noted dissents with Justice Jackson and Sonia Sotomayor reversed that and said the President can fire these probationary employees. And then we have number five, we have the NLRB and the Merit System Protection Board. President Trump fired two of the commission or several of the commissioners on these commissions, the D.C. circuit tried to stop him and say that you have to reinstate these commissioners, the Chief justice state that decision so we could have Humphrey's executor. A 1935 Supreme Court decision egregiously wrong. Supreme Court decision overturned. And it shows that the President can fire any executive branch employee he wants.
- [09:03]
Steve Bannon
Kind of running the table right now. What is, what do you foresee as the next big battle coming down the road? And then I want to make sure everybody knows how to get to Article 3. But as you sit here today, given these wins, where do you think this is going to go? Because every time he does an action, they're still jumping into federal court right away.
- [09:19]
Stephen K. Bannon
Yeah, I mean, like, for example, Even on the 9th Circuit, even when the Supreme Court and the 7 to 2 ruling said the president can fire 16,000 probationary employees, they're still gonna try to change. They're still gonna try to sabotage that with the en banc court and the fourth Circuit. These radical plaintiffs, these radical attorneys, these radical activist judges are unrelenting. They're gonna do everything they can to try to sabotage the President because they can't win elections. We're playing whack a mole. But I'll tell you this, that the Article 3 project, when we team up with the war room posse, we're not going to let these judicial saboteurs win. The President had his first term sabotage by Russian collusion hoax. It's not going to happen again. He's going to be the most consequential president in our history, and we're going to make damn sure of it.
- [10:12]
Steve Bannon
Where they go to, by the way, Julie Kelly joins us today about this contempt trap that Boseberg set. She's going to have a whole timeline we'll go to and you'll see how these guys are trying to set up President Trump and his team. Mike Davis, you were still calling for the impeachment of Bozberg. You still want people carpet bombing by phone and text messages and emails. Jim Jordan in the House Judiciary Committee, is. Is that still our play here?
- [10:36]
Stephen K. Bannon
There are two important actions at the article3project.org article3project.org number one, Jeb, that. That Judge Ali, the first Muslim, the first Arab federal judge in D.C. sent $2 billion in foreign aid to his Hamas buddies to kill Americans in other places over the President's national security review. The Supreme Court let this happen six weeks ago, which unleashed this judicial sabotage. Let's take that $2 billion out of the federal judiciary's $10 billion budget. If they want to, if they want to waste our money like this, then they're going to pay a consequence. So that's number one. The second one is we need to impeach D.C. obama. Judge Jeb Boasberg. I've never called for an order to be ignored. I've never called for a judge to be impeached. We need to do both here. This judge is not only clearly wrong as a matter of the law, as the Supreme Court just held, he's also dangerous. He exposed an ongoing military operation. He put American and allied lives in grave danger. He's trying to sabotage the president's ability to conduct foreign affairs and he's doubling down. He thinks he's going to hold Trump officials in contempt of Congress. I hope he has Green Berets as law clerks because guess what? I don't see his little pencil neck nerd Harvard Law clerks enforcing his contempt order. And it's sure the hell not going to get enforced by the Justice Department.
- [12:01]
Steve Bannon
Where should they go? One more time, Mike, and I know you've got everything laid out where they go.
- [12:06]
Stephen K. Bannon
Article three projects, article number three project.org and thank you, Steve.
- [12:14]
Steve Bannon
Mike also shows you the power of Article 3 and what you've been doing. The Supreme Court definitely got a wake up call. They heard and now they're fully engaged. Five big wins for President Trump. So thank you so much from the audience. Brother tip of the spear, the viceroy, Mike Davis. Thank you, sir.
- [12:30]
Stephen K. Bannon
Thank you.
- [12:33]
Steve Bannon
Incredible. Action, action, action. Is Raheem up? Can we go to Raheem Kassam? We don't have Rahim up yet.
- [12:39]
Stephen K. Bannon
Okay.
- [12:39]
Steve Bannon
We're going to try to get Raheem up momentarily. Raheem just got back from Panama. So he's going to have a action report. He's going to have an action report for us. Also. Bill Gertz is going to join us. Bill Gertz is going to lay out the entire battle plan of the Chinese Communist Party. Nobody knows this better than Bill Gertz as now we're engaged in a, you call it a trade war, but it's much, much, much else. It's much, much, much deeper. All the way from the Arctic down to Panama, across the vast Pacific, the three island chains in the capital markets of the world, City of London, Wall Street, Tokyo, Shanghai, Frankfurt, Singapore, a 30 front war against the Chinese Communist Party. They've been at it for us for years. This is one of the reasons, folks, I think gold is kind of on a run. It's not for me to tell you to go buy it. It's for me to offer you the opportunity to learn about it. Your free men and your free women. We offer you the opportunity to get end of the Dollar Empire, a whole study group now being used at college level in a finance class because students can get quickly up to speed. Also the text Bannon@989898 you get the free guide, the ultimate guide, but most importantly, get a relationship with the Philip Patrick and guys at Birchgold. Physical Gold, I think now more than ever, we told you it was going to be choppy. It's going to be choppy. President Trump, as Mike Davis says, the most consequential president since I don't know. Let me think about Abraham Lincoln. We've had two before him in American history that would be General Washington and President Abraham Lincoln. Now Donald Trump. The world's on fire, but President Trump's there to put out the fires and lay the groundwork for peace and prosperity. I can actually start to see the glimmerings of the sunlit uplands long, long, long way off in a torturous path to get there. But if we don't quit get there, we shall short. Commercial break Back in the Warm in just a moment.
- [14:53]
Raheem Kassam
I got American Babe.
- [15:00]
Steve Bannon
You don't go out and buy a life jacket when the boat is already sinking and you don't buy gold when the economy has already collapsed. Clearly others are heeding this advice as gold hit an all time high the first part of 2025 multiple times. It's not too late for you. The company I trust to help you diversify into physical gold is Birch Gold, the company I buy my gold from. Birch specializes in helping you convert an existing IRA or 401k into a tax sheltered IRA and physical gold for no money out of pocket. Just listen to this 5 star review quote knowledgeable, helpful, non pressure, end quote. That's what you get with Burt's Gold and that's why I've endorsed them for so long. Get your free info kit on gold by texting the word Bannon B A N N o n to 989-898. There's no obligation, just useful information with an A rating from the Better Business Bureau and countless five star reviews. Text Bannon B A N N o N to 989-898 and let the experts at Birchgold help you secure your financial future today with gold.
- [16:12]
Stephen K. Bannon
Here's your host, Stephen K. Bannock.
- [16:19]
Steve Bannon
So Birch Gold and the reason we've done it with Birch Gold is so that you can have a relationship with this team and talk to them about the ownership of physical gold. So birchgold.com ban and you get all the free information and it's, you know, good enough. It's being taught now at certain universities in their finance class because we made it to be accessible to people. Accessible to you. You just heard Mike Davis, the massive impact you've had on the judicial side. Five Supreme Court wins, count them five. Thirty days ago we had zero. That is because of you working with Mike Davis, the Article 3 project. So this is why, and this is why people look at what's happened on the show, who's talking on the show, what the audience is doing about it. Because you guys have a massive impact. And the legal, remember the legal vertical was how they were coming after President Trump. And there's big questions where the Supreme Court was going to come down and all three of those issues about Article 2 or the Unitary executive, however you want to define it, but we're winning and it's going to get tougher. And you heard Mike Davis. Got to get up on the ramparts. This is why we don't let anybody get hung up on their title. You got to get on the ramparts about the two action items, he said. But go to Article 3 right now. Get fully up to speed, particularly the particular I'd love the fact take the $2 billion out of the federal judiciary, the $10 billion appropriations they get, cut it by 2. If they're gonna, if some judge is gonna do that and they're gonna back it up, then cut it by 2 billion. Also the impeachment of Boasberg. Julie Kelly is going to join us this afternoon. She's going through a detailed timeline of the contempt trap. And Bozberg's already been overruled in this thing overall, but he's still going, I think he's still going to go into the path of contempt trap. She's going to walk you through how exactly he set it up to entrap President Trump's team. More of that at 5 o'clock today. RAHEEM Gassam, the National Pulse founder and publisher, was honored to go with Pete Hegset down to Panama. Pretty explosive. We played at the top of the show as part of this is why we have you and Gertz together today. Part of this kind of our expanding coverage of this. What you have to say is an economic war against the Chinese Communist Party. They've engaged in it against us for 20 years. But pretty stunning. Do I take it that the Memorandum of Understanding Rahim is where the United States is going to partner with the government of Panama to actually have a military presence and train up so that someone can militarily seize the Panama Canal and make sure the Chinese Communist Party is not involved. Sir.
- [18:50]
Raheem Kassam
Yes, Steve, thank you. Thank you for having me. And I want to say to the entire team around Peter Hegset, thank you for having us. You know, it's a tight press team that they take on board. These trips are always very, very difficult. They're navigating lots of extremely precarious things. And so, by the way, are the Panamanians who have been pressured for so long now by the Chinese Communist Party, who ironically accused the United States and Pete Hegseth this week of using blackmail, but who have themselves been using blackmail and other forms of coercion to try and take over the Panama Canal. In recent years, there hasn't been much pushback, not least from the previous Biden regime or really any other major nation in the world. It's taken this new administration, it's taken Donald Trump, it's taken Peter Hegseth to put this trip together. Remember how quickly this has come together since the inauguration. We're not all that far in to this admin yet in terms of pure human numbers days alone. And there are certain things you can report and there are certain things you can't report when you're on these trips, things you see in the background, things you hear. But one of the things that really stood out to me me was how, you know, these guys hit the ground running day one to get the Panamanians to the table. You had Rubio go over there a couple months ago. Then this is the follow up trip to say, hey, okay, here's what we're going to do. We have these memorandum of understandings and what are they going to do? They're gonna, you're gonna have firstly US War and auxiliary vehicles going through the Panic Canal. First and free. First and free is the phrase that kept coming up over the course of the week. Then you have this jungle training school of course, which used to be there, which used to train war fighters up when they were going to Vietnam. This training school shut down in 1999 and is now being reopened. We actually got to go there, tour the facility, see exactly what the plans were going to be. And it's an incredibly, it's, it's impressive, but it's also optimistic. A lot of work is going to have to go into this. And what is it all about? It is about keeping that Panama Canal under Panamanian sovereignty, but US Control. The Chinese Communist Party cannot use it, cannot seize it, cannot shut it down, cannot dictate terms, not just to Panama, but to any, any single boat nation that wants to use it, which is what the plan has been by the Chinese for so very long. So a fascinating trip. And I've got to tell you, Pete Hegseth is a freaking machine. The number of troop touches he did, you know, going morale boosting. We went on the, the Chosin, this guided missile cruiser running around all inside of that. I mean, this guy has more energy than you could possibly believe. And with somebody like that putting their shoulder to the wheel for the MAGA agenda, I think people at home can finally feel that they have a secretary of defense that is interested in keeping America safe.
- [21:50]
Steve Bannon
The warrior ethos. Where do we go to National Pulse? Where do we get all of your content on this, sir?
- [21:56]
Raheem Kassam
Yeah, I've got all the stories up@the nationalpulse.com we're now on Instagram, at the Nat Pulse, at the Nut Pulse, on X as well. And I will say this. You know, these trips aren't cheap. As you know, we have to pay full market rates to go on these trips. It's, it's, it's actually very expensive, especially for a small outlet like us. We're 100, funded by our readers. So if you want us on more of these trips, if you want more of the truth, if you want more of the breaking news from on the ground, ladies and gentlemen, thenationalpulse.com forward slash, war room. Go and sign up. Or if you don't want to do a subscription, you go to the nationalpulse.com and just hit the donate button. I really appreciate it, and it really does. Every single cent goes into bringing you the news.
- [22:37]
Steve Bannon
Amazing, amazing coverage. Raheem, thank you so much. Raheem Kassam D. Raheem Kassam in Panama. Amazing. Pete Hexa. That's the warrior ethos. Somebody went on. His first extended trip was Bill Gertz. Bill, talk to me about what you saw with Pete and most importantly, the expanding. You've been covering this now for, I don't know, 30 years or longer. The expanding engagement with the economic war and other types of unrestricted warfare the Chinese Communist Party has been waging against the west and particularly the United States of America. Bill Gertz.
- [23:11]
Bill Gertz
Yeah. Good, Steve. Great to be on the show. This is really an amazing point in history. We finally have a president who, after 40 years, is recognizing the threat posed by the Chinese Communist Party. This is not a theoretical threat. This is a real and growing threat. And Trump, who is an expert at business and economics, is really approaching this from that standpoint. So we're seeing the trade war really devolve into. Instead of the US versus the world, it's really the US versus China. I was fortunate to be able to travel recently with Defense Secretary Hegseth. We traveled to the Indo Pacific Command, whose commander, Admiral Poparo, testified today before the Senate Armed Services Committee that the threat from China is real and growing and that the US can basically counter it. But we need to go faster in building weapons, asymmetric warfare weapons, to counter the largest military buildup and the most rapid military buildup since World War II.
- [24:21]
Steve Bannon
If we want to. If we don't want to go kinetic, and they may force our hand, but if we don't want to go kinetic, the other tools in the toolbox for President Trump. We've never had a president that's engaged and he's thrown down. And I just, I don't. First off, I don't believe that she's going to kowtow and pick up the phone and say, president Trump, I want to come to D.C. and have a meeting and work out this trade deal. Do you think that that is the possibilities that she will do?
- [24:45]
Bill Gertz
Sir, I think the president is beginning to understand that he's not going to be able to work his deal making magic with the Chinese Communist Party and its supreme leader, Xi Jinping. I think he's coming to that realization. Up until now, it's been, look, I can talk to this guy. I can make friends with him. He's. He's rational. He can make a deal. No, the Chinese Communist Party has a plan, a very specific strategic plan to take over the world. I was fortunate enough to have a few minutes privately with Hegseth on his plane coming back from Japan, and I. I made that case to him. I said, the Chinese are going to take over the world unless the US Stops them. And it has. It's going to require all of our efforts, all of our resources, all of our energy to be able to do that. And again, they are not a normal nation. They are motivated by Marxism Leninism, what they call Marxism Leninism, with Chinese characteristics. And the main impediment to China's drive under Xi to take over the world is the United States. And so he's doing everything he can to weaken us. We've seen that through fentanyl, which killing tens of thousands of Americans. We've seen it through the massive cyber attacks. We're seeing it through increased military activities around the Taiwan Strait and the South China Sea and against Japan. So the challenge is on. I think the economic part we're finally realizing is is a key to really challenging the Chinese world takeover. But we also have to bolster our other forms of power including both military, diplomatic, intelligence and other.
- [26:32]
Steve Bannon
Bill, can you hang on for a second? I want to hold you through the break. And E.J. antony is also going to is going to be with us now more than ever. This is one of the reasons we did the end of the dollar empire. One of the tools that the Chinese Communist Party is trying to use now I would argue I think we got them potentially they're weakest financially. Their shift to try to get their economy to be more consumer driven and less export driven because they understood they had an exposure here. The people were finally onto them. After decades and decades and decades of the elites in the world supporting them, they realized it was so egregious what had happened. Not just the United States but other countries of the world they're going to be caught at. They tried to shift to a consumer an eternal market. That hasn't happened. One is Lao Beijing understands he has no safety net. Particularly as they get older. They put every penny away. It's not really a consumer driven economy. Birch gold now more than ever the end of the dollar empire de dollarization because when you talk brics, the black hand and back of brics is the Chinese Communist Party. That's why they did the oil deals with the Persians. They tried to do the oil deals with the Saudis and do it make it convertible into yuan, their currency with some sort of gold backup. Right. They're trying to get the world off the dollar. That would be catastrophic for us right now if that happened. Maybe later not so much. But now end of the Dollar Empire birchgold.com Bannon get it. Read it. Maybe I'll do a seminar, take some questions from the audience. How about that short break the bill Gertz and EJ and Tony. Next. I've been telling you about a very serious threat to your home equity home title fraud. One document, a fake notary stamp and about 40 bucks. And your title is out of your name and into someone else's. And the scammer who took it will take out loans or even worse, sell your home behind your back. You have to protect yourself. The best way is home title lock's million dollar triple lock protection. Now this service gives you 247 monitoring urgent alerts of any changes. And if fraud happens, their US based restoration team will spend up to $1 million to fix the fraud and restore your title. Go to hometitlelock.com use my promo code Steve25 to save 25% and get a free title history report to make sure you're not already a victim. And make sure you check out the million dollar triple lock protection details when you get there. That's hometitlelock.com promo code steve25 hometitlelock.com Promo code steve25 do it today. And let me remind you this service is 24. 7 Monitoring urgent alerts of any changes. And if fraud does happen, their U. S based restoration team will spend up to $1 million to fix the fraud and restore your title. Do it today.
- [29:40]
Stephen K. Bannon
Here's your host, Stephen K. Ban.
- [29:46]
Steve Bannon
You know the engine room points out and folks have to remember and this back to Bill's point about President Trump's amassing negotiator. I'm not so sure there's a lot to negotiate at least right now if this thing and this is why we have to avoid this going kinetic. If you go back and look at the history of Korea, look at the Korean war, wave after wave after wave after wave of Chinese soldiers were sent to the death in the most brutal way possible with sticks and not even weapons or weapons that had no bullets. And the marines that fought there would tell you they've never seen anything like it. If this war goes kinetic. Mao Tse Tung their philosophy is that the Chinese people as people, as individuals are totally expendable. This would be if we went kinetic in a war with the Chinese right now, it would be catastrophic. And both sides, because the weapon Systems of the U.S. and the Valor and courage of our sailors, particularly the 7th Fleet would give as good as they got. But you look at the weapons are lined up and the intensity would happen in the Straits of Taiwan or the South China Sea. And as a young man I patrolled that for about a year. It's, it would be a very intense shooting gallery. Bill Gertz, how do you see this thing evolving? Your recommendation to the president is hey, use all your negotiating skills but don't think you've got a party on the other side that can even have the room to negotiate right now. Correct.
- [31:05]
Bill Gertz
Correct. And we, even though the Chinese economy is facing problems, they have a banking problem, big real estate bubble, also a youth unemployment. You have to understand this is a tightly controlled system. I call it high tech totalitarianism. One of the key features that came out recently was a Director of National Intelligence report on the hidden wealth and corruption of Chinese leaders, including Xi Jinping. This is a really important. This is basically a shot across the bow of the CCP that says, look, we know where your hidden wealth is. We can expose this to the Chinese people and show the hypocrisy of the Chinese Communist Party, which claims to be a Marxist Leninist group working to end capitalism. And here, all of this capital, in terms of billions of dollars of senior CCP leaders is being parked abroad.
- [32:00]
Steve Bannon
They're just. They're a new dynasty, imperial power, that's. The five factions, the fighter over the throne are among the wealthiest in the world. Bill, you're the single best. You've been doing this forever. I'm glad you went with Pete on that trip, and I'm glad you got a few minutes of Pete to walk through the grand strategy here. Where do people go, particularly your book Deceiving the Sky that came in a couple of years ago, one of the most powerful books I've ever read about the Chinese Communist Party and their grand strategy. Where do people get that and where do they get all your writing, Sir?
- [32:31]
Bill Gertz
Yeah, it's Gertzfile.com is my website. You can find my columns, my stories. I also have a podcast called Victory Over Communism, which is key to defeating Chinese communist ideology as well as American Marxism.
- [32:49]
Steve Bannon
Bill Gertz, you're a national institution. Thank you so much, sir. Appreciate you.
- [32:55]
Bill Gertz
Thank you.
- [32:58]
Steve Bannon
Gertz have been doing this, I don't know, 30 years, 35 years. Knows it backwards and forwards. This is a tough one for President Trump, who's a master negotiator and really, I think, set this perfectly, that it's the Chinese Communist Party versus the United States of America. The two different systems in the Chinese Communist Party in May of 2019, had the ability to basically become integrated into the world's economy in a way that would be productive, not destructive. They didn't want to take it. They wanted their own deal. They wanted to run it their own way. That should tell you everything you need to know right now. And by the way, the nations of the world, particularly the ones in East Asia, the Koreas, which they're having a coup in South Korea right now, that's Chinese Communist Party inspired in South Korea, in Japan, in Taiwan, in the Philippines. These folks all know what the problem is in Vietnam and Cambodia and Southeast Asia. Remember, Xi just told them, hey, don't go to Washington. I'm coming there. That is a shot across the bow of those folks down there. And there are storm clouds on the horizon in this entire situation. E.J. antoni, great news. You've been forecasting, you've been predicting this was going to happen. Tell us a day. And by the way, we just passed the budget resolution in the House and I'm going to tell you, there might have been some games played at the end. It was 216 to 214. Two Republicans had not voted and they closed the vote. We'll get some details about that later this afternoon. But they, my understanding is they closed the vote with two Republicans outstanding. I'm not sure those, I'm not so sure those votes were yays. So this budget resolution and reconciliation, it's, you can't tell people gimmicks are not going to hack it. First off, the bond markets just not going to sit there. They're not going to give you a hat tip on gimmicks. The days of gimmicks are over. And this reconciliation thing feels, I may be wrong. I just need to see more information, but it feels a little gimmicky. E.J. antoni, great, great news today and information. What happened, sir?
- [34:57]
Mike Davis
Well, Steve, thanks for having me again. We got the latest numbers on inflation and it turns out last month prices not only did they slow in terms of how fast they were going up, they actually on average declined, if you can believe it now, wasn't a huge decline, it was a tenth of a percentage point. But still, this is the biggest drop we've seen in prices since the last time Trump was president. So the fact that not only has inflation slowed down, but we're actually making some progress in terms of getting prices down, that's huge. And if we look at over time, we see that this is the start of a really, really great trend because let's look at the period of economic expansion that started after the Great Recession. So that's about the middle of 2009. And if we exclude all the disruptions from COVID that basically goes until the very beginning of 2021 when Biden becomes president. During that time, you had incredible, incredibly mild inflation. On average, it was only 1.8%. As soon as Biden gets in and he unleashes the wave of inflation, what happens? The average annual inflation rate spikes. It goes up to 8.6% on average for about a year and a half. Then it levels off at over 3%. But now that we have Trump back, it's, this has been absolutely amazing, Steve. His policies are working even faster than I thought they would. We're already down to an average annual inflation rate of 1%, and it's only been a couple of months. So this is really welcome news. His policies are actually having an even bigger impact now than they did during his first term, and we're not even done implementing that agenda. So, again, a lot of really, really great news on the inflation front. That's not to say all prices are going down. Some prices are still going up, but energy prices, for example, Steve, dropped so much last month that it helped pull the overall index down. And that's really good for the future because those lower energy prices today are going to trickle down into all kinds of other prices throughout the economy. Diesel fuel is a great example because it's what goes into trucks, and all the products that you get at the store get to that store on a truck. So as you bring down transportation costs, for example, you're going to bring down costs throughout the economy. So, again, really, really great news on the inflation front today. It's welcomed relief for the American people. Still a very long way to go. Don't get me wr. But again, the fact that we're making this much progress this quickly, it's just absolutely astounding.
- [37:29]
Steve Bannon
Can you put that chart back up? I want to go back to this chart, the one you say. This is truly remarkable. So the inflation rate for the Trump years was before that, but the Trump years of 17 to 21 was 1.8%. Then Biden in the first year and a half with all that massive Keynesian stimulus we didn't need. I know you fought against it. Peter Navarro, myself, every day we said inflation was going to explode. 8.6% for Biden for the first year and a half and then steadily at 3.1% thereafter. Now, with President Trump in the first 100 days or 80 days, his, his, he's averaging 1% now, E.J. how can that happen when MSNBC every second of every night is telling me that Trump is, you know, causing inflation? Everything he touches is causing inflation. It's inflation and the poor working class that they care so much about that they haven't done anything for in two decades that they cry big alligator tears, are paying so much more. How can your chart be so radically different than what I'm hearing at msnbc, sir?
- [38:38]
Mike Davis
Well, Steve, the shorter answer is because the people on MSNBC aren't analysts. They're clowns, quite frankly. I mean, they talk about opposite things and say they're going to have the same effect. Like when they say Trump cutting taxes, that's going to cause inflation. But then they talk about tariffs, which are a tax increase, and they say, well, that's going to cause inflation. I'm sorry, they can't both be true. So you're telling me tax cuts cause inflation, but also tax increases cause inflation? Pick a lane, for crying out loud. These folks will look at absolutely anything they want and then just still come to the same conclusion that they want. Because for them, it's not about facts. For them, it's just about Orange man bad. And so anything Trump touches will just go to hell in a handbasket, right? Whatever the President does, it's gonna have a negative effect. It doesn't matter what his actual policies are. They're just so blinded by their hatred of him that they can't be rational and they can't actually analyze what's going on. And look, I will tell you when the President does something I think is right, I will tell you when I think the President is in the wrong and maybe he needs to course correct whatever the case may be. This is not about blind opposition or blind loyalty to a person. It is about policy, not politics. And that's what I think the folks at MSNBC just can't get their heads around because again, they're so blinded by their own ideology.
- [40:04]
Steve Bannon
Are they the reason we're down to a 1% run rate under President Trump, is that principally because he's focused on full spectrum energy dominance? Is it commodities prices? What is your, what are the drivers here for getting the inflation lower? Demonstrably lower, sir.
- [40:23]
Mike Davis
There's two important, important points here, Steve. One of one is the fact that we are putting the brakes on the growth in government spending. Now, is government spending still way too big? Absolutely, but we're slowing down the rate of increase. So that's really important because as the government spends less, they're borrowing less, and as they borrow less, that is helping put downward pressure on the loanable funds market. So you're seeing not only interest rates come down, but also inflation rates come down. As the government is borrowing less, the banks are creating less money to fuel that borrowing. So that's very, very welcome sign. We're slowing the growth there. But where are we increasing growth? We're increasing growth in the productive private sector. We're seeing this especially in the jobs numbers. Even as the government loses jobs, for example, we're seeing more job growth, again on the productive private side of the economy. And as the economy gets bigger, it can absorb more and more liquidity, more and more cash without causing inflation. This is what guys like Steve Moore, Larry Kudlow, Art Laffer, Steve Forbes, they're always talking about supply side growth. This is it in action. If you grow the economy faster then you grow the money supply, then that ratio goes down, not up, which means prices go down, not up. That's again, that's a really welcomed relief for the American consumer. And one of the best ways to do that is by increasing energy production and decreasing the cost of energy production. That's what the president is doing. And so much of energy infrastructure, Steve, because it's so big and it takes so long to create and it's so heavy in terms of maintenance, these things are very forward looking. In other words, markets need to know that in the future they're going to have an administration that has their back. They're going to have an administration that continues supporting energy production. Under Biden, we had exactly the opposite. We had mothballing of refineries, for example. We had critical infrastructure maintenance that was simply just being deferred. These energy companies weren't doing it because they weren't sure if these assets were actually going to be productive long enough to make all that, all those input costs worthwhile. That has all shifted now. It is full steam ahead in energy markets and it's already having an effect to bring down prices. Cash that was sitting on the sidelines is now being put to work again, especially in things like refinery maintenance. So all of these things point to more production, not less, and they point to lower prices, not higher prices. So even though we're fighting against a lot of headwinds and we have a lot of lost ground to recover, things are finally moving in the right direction.
- [43:04]
Steve Bannon
EJ Hang on for one second. The reconciliation just passed by two votes and even then it was a little dicey and people have voted for it. A lot of them were not happy. I just want to ask some questions about this because you talk about government spending. 972 Patriot go to Patriot Mobile today. Talk to the representatives. Talk about what you need to do to shift over one month free if you use the promo code. Bannon it is a company that supports your values. Stop giving your money on the cell phone side to people that hate you. Short commercial break EJ Break EJ And Tony on the other side. 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. Rickards with an S. Go now and claim your free book. That's Rickards war room.com do it today. War Room posse. Today we're going to have another huge war room exclusive at wholesale prices. We're going to start with our my towels. With that proprietary technology, the bath towels that came in the big bath sheets are in the kitchen towels are in with all the accessories as low as 9.99. So go to mypillow.com scroll down till you see Steve. Give them a click. And there it is, the kitchen and towel 999 sale. Right next to that you have the spring sheet sale where you save up to 50%. And there's the My crosses, the most requested product I think ever for MyPillow, you save 30%. And there's the premium MyPillows 1898 for the Queens and 1998 for the Kings. That's a War Room exclusive. Help keep my employees going, you guys, and help yourself get the best sleep ever and the best products ever. Or call 8008-7310-6280-0873-1062. Promo code WAR Room, the most sought after promo code ever. The reason is the most sought after promo code is because it gets access to you. This audience is, Mike Davis said, incredibly powerful. What you've done on the judicial side and the courts has been nothing short of amazing. President Trump now has five victories at the Supreme Court because you working with Mike Davis in Article 3 project gave everybody a wake up call. We're just not going to sit here. We're just not going to sit here. Let's go to E.J. and Tony. E.J. there's a kind of funky vote that just took place 216 to 214. A couple of Republicans understand hadn't voted yet. My understanding and didn't get a chance to vote on this reconciliation. A lot of promises made this morning by Thune and Johnson, although not codified in this at least initial reconciliation, is it still your belief that government spending and massive deficits is still the main driver of, still the main driver of inflation?
- [46:57]
Mike Davis
100%, Steve. That's exactly right. And it's one of the key reasons why whatever we do here with reconciliation, we have to be sure that we are not blowing out the deficit yet again, that we are not throwing even more money into the debt yet again. That's what we did time after time under Biden, and look where it got us. People unfortunately got into this mindset of thinking the debt doesn't matter, of thinking that the federal government can just keep borrowing forever, and as long as treasury markets don't seize up, we're all going to be fine. I'm sorry, but the last four years proved yet again, like it had before, that that's not the case. If you allow the government to keep spending, borrowing and printing money at these levels, you are going to get the kind of inflation that we've had the last four years. And that is something, frankly, that would, I think, sink the Trump presidency if they allow that to happen again. And so I'll reiterate yet again, Steve, we have to make sure with this reconciliation package that we are actually reducing government. We are reducing taxes, but we're also reducing spending. The status quo is not going to cut it anymore. Look, we can't count on any help from the Federal Reserve, right? The Fed and the treasury are supposed to be working hand in glove. Mr. Powell should be working with Mr. Bessen, not fighting against him. Unfortunately, we just, again, we can't count on that normal working relationship. Unfortunately, Powell is the same guy who was actively working against Trump in his first term.
- [48:35]
Steve Bannon
Big time. A couple of lessons today. The bond market is going to get a vote. Just understand that the bond market is going to get a vote. Number two, we are engaged in a conflict that we finally have engaged in a conflict. The Chinese Communist Party has been running against us for decade after decade after decade. And last but not least, your agency, your individual human agency is really the deciding factor here because you can take President Trump's message and actually we can weaponize it and boom, put it right on target and things change. This we know. I understand the heart of this, E.J. and I'm a huge believer in this. In fact, one of the reasons we backed Scott Bessant for so long, he came as a contributor years ago and really the guy is amazing, is that he was the biggest proponent. This is our last shot to have a supply side solution to this. And that means extension of the tax cuts of President Trump, at least for the, you know, below the upper brackets. There's discussion, we've been pushing very hard that the upper brackets wouldn't get the extension. But even that, with additions of Social Security and wages, this is a supply side tax cut that will generate growth. My concern is the gimmicks that are being used on the spending. Do you agree, E.J. that particularly with the bond marketplace in this, that we're beyond the gimmicks phase. It behooves President Trump and the House and the Senate to get more data out there, possible to get more, no more smoke and mirrors on 10 year cuts, everything like that. But having adult conversation. So the bond market knows that we're serious about the supply side cut and also stopping the crowding out that the massive Keynes. I mean, you can't have a supply side cut in a massive Keynesian stimulus. At the same time, they're going to, they're going to, they're going to, they're going to rule each other out. Right. It doesn't make sense. Do you agree with that, Steve?
- [50:24]
Mike Davis
I think that assessment is absolutely spot on. The bond market took a real toweling under Biden. We had during Biden, the worst three and a half year run for the bond market in over a century. That's not an exaggeration. That's how bad of a time we had because we went from rates, very, very low rates of inflation and interest rates to having both of them spike. And so at this point, the bond market has said enough is enough, we're not going through that again. And they are building in a lot of safety and a lot of security into these yields. In other words, if you want me as a bond investor, let's say if you want me to lend money to the Treasury Corporation, doesn't matter, whatever it is, but if you want to separate me from my money for a period of time, you better believe I'm going to build enough yield into that contract to ensure that I'm going to be able to beat out the next potential wave of inflation. And so until we can restore confidence to that bond market, yields are going to stay where they are. I know a lot of people were cheering the drop in yields that came as the market was tanking, but guess what? Yields are now back up above where they were on Liberation Day. So this idea that we somehow had a Kind of grand master plan. I'm sorry, but it's just not the case. The bond market is responding, responding to the latest signals. Before, it looked like we were gonna have a pretty bad recession. And now, even if we don't have that recession, it looks like there's still some tough times ahead. If we don't get these trade deals hammered out and if we don't get government spending down, those are things that have to happen and I would say have to happen in the next 90 days.
- [52:03]
Steve Bannon
Yep. EJ where do people go to your social media? You're putting up great social stuff all the time, sir.
- [52:09]
Mike Davis
Best place to find me is going to be on X. And the handle there is at real. E.J. antony.
- [52:17]
Steve Bannon
Sir, thank you so much. Got to use you before you go in Treasury. EJ And Tony the Great. Thank you, Brother Philip Patrick, Tonight we're going to talk about currency devaluations. Currency. Maybe more, maybe more. The currency wars, all of it. Julie Kelly, also, Charlie Kirk is next. Poso Gruber bowling. And then back in the war room at 5 o'clock. We'll see you then. 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 Tax Network USA. Go to tnusa.com Bannon Curdhuman really trying.
- [54:36]
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- [55:11]
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