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Bannon`s War Room
Episode 4416: Engaging In Economic War With The CCP; No More Tax Breaks To Sell Out Our Country
Episode 4416: Engaging In Economic War With The CCP; No More Tax Breaks To Sell Out Our Country ...
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- [00:00]
Mika Brzezinski
Harvard University, the oldest, most prominent university in the country. What's your take on this?
- [00:09]
Joe Scarborough
Yeah, I mean, it's a pretty serious threat and it shows how vindictive Donald Trump can be when someone stands up to him. But, you know, I've been on the phone all day with people at Harvard and they're feeling like somebody had to do this. I mean, you know, the Trump administration was cracking down on law firms across the country, was cracking down on institutions of higher learning, was going after the media and a lot of, you know, these law firms and, and, and colleges were settling and agreeing to the Trump administration's terms and making payments to him and so forth. And they really feel like somebody had to fight and somebody had to say, no, we're not going to, we're not going to take this. And if, if that means they take, you know, several billion dollar hit, well, maybe they one institution that's rich enough and powerful enough that can, that can stand up for themselves and in doing so, inspire others to do so. So, yes, there's a serious threat against them and they're putting a lot on the line by fighting, but they feel they're inspiring others to do the same.
- [01:21]
Kilmar Garcia
From ordinary Americans suggest to me that they have a keen understanding that when you start violating due process for any human being, even if they are not a citizen, that threatens all of us, that threatens the entire system. And I'm encouraged by that as well. But Kilmar Garcia, I hope that Trump has miscalculated. And to your point, Mika, there's some evidence that maybe he has. But what concerns me even more though is if this is not a constitutional crisis, what does a constitutional crisis then look like? And is this a test case, a trial run, for the Trump administration to try and do this with a US citizen to try and defy Supreme Court orders on Social Security, on Doge, on any manner of other issues that are at the heart of our democracy for ordinary Americans. And so if, if the system cannot hold now for Kilmar Garcia, will it hold for the rest of us? And that is, that is the question.
- [02:37]
Mika Brzezinski
In so doing, it is continuing to press this argument that should terrify everyone, which is that the government can abduct any person off the street, and as long as it ships them to a foreign prison fast enough, then there is nothing that federal courts can do to bring them back. That argument does end with non citizens or undocumented people or even green card holders. That argument would extend to natural born American citizens and it would mean that the government could take you throw you into a foreign prison and then disclaim all responsibility over bringing you back, even if it did so by mistake because it doesn't want to ask and it doesn't have any obligation to. That is something that should chill everybody to the bone because I think it really represents the end of due process in this country.
- [03:26]
Steve Bannon
And my day, in my experience, which has been a couple of years in this game, in and out of government, I thought it was the Republicans that wanted lower taxes and the Democrats that wanted higher taxes, although I guess that's not always true. I thought the Republicans wanted to reward success, not punishing it. This loose talk about a higher top, another new bracket for millionaires. I don't think it's a crime to be a millionaire, by the way. Small businesses would pay this top bracket. I do not. I can't believe Mr. Trump's going to go along with this. He, he campaigned on, you know, extending his tax cuts, adding some great middle class tax cuts on tips and overtime and seniors. That's all good. Lowering the corporate rate, if it's made in America, to 15%. That's a great inducement for people to onshore. That's what he wants. Why would he want to penalize successful investors, successful people who are helping to onshore, and successful small businesses that str it hot? I don't understand and I, I can't, I can't believe what I'm hearing. It's giving me a headache.
- [04:36]
Sahil Kapoor
All right.
- [04:36]
Steve Bannon
Tax day should be tax cut.
- [04:38]
Mika Brzezinski
A surprising shift for the Republican Party.
- [04:41]
Sahil Kapoor
Some lawmakers are actively discussing the possibility of raising taxes on the wealthy to help fund their agenda.
- [04:49]
Mika Brzezinski
NBC News reports raising taxes on billionaires.
- [04:52]
Sahil Kapoor
That distinctly progressive policy has been gaining.
- [04:56]
Mika Brzezinski
Some momentum among conservatives on Capitol Hill.
- [04:59]
Sahil Kapoor
But there's still a sizable wing of the Republican staunchly against the proposal. Let's bring in one of the reporters.
- [05:06]
Mika Brzezinski
Behind that report, NBC News senior national.
- [05:09]
Sahil Kapoor
Political reporter Sahil Kapoor. Sahil, what are you hearing on the Hill? Hey, Mika. Well, this really feels like a hell freezing over moment. Republicans are actually talking about accepting a tax hike on the rich. Senior GOP lawmakers tell me they're debating whether to let the tax rate on the highest earners go up from 37% to 39.6% when the Trump tax rate cuts of 2017 expire at the end of this year. Now, this idea would have been unthinkable over the last two generations in a party that has been deeply devoted to lower taxes, including on the most wealthy Americans, or as they call them, job creators and yet Senator Mike Crapo, the chairman of the tax writing Finance Committee, told me he's listening to his colleagues on this one and kept the door open. Senator Kevin Kramer said it's come up in private meetings as well. He said, quote, it's just so fun to be a Republican these days, just to watch the transformation where suddenly people are going, why do we worry so much about that? That being higher taxes on the rich? He went on to say, there's a populism growing in the party, even among those of us with powdered wigs, unquote. So what's driving this? Two things, specifically. First, Republicans are struggling to find ways to pay for the multitrillion dollar cost of this bill. Higher taxes than the wealthy would help with that. And second, the party's coalition is evolving, becoming less affluent, more working class, leading some to wonder whether they need to rethink their priorities. Steve Bannon, the former Trump official turned MAGA activist, told my coauthor for the story, Peter Nicholas, that Speaker Mike Johnson needs to focus on actually cutting spending dramatically and raising taxes on the wealthy.
- [06:41]
Mika Brzezinski
This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on these people. I got a free shot. All these networks lying about the people. The people had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA media. I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. War room. Here's your host, Stephen K. Band. It's Wednesday 16th April in the year of alert 2025. So multiple fronts on the war against President Trump's second term or what he's doing. You see that strategically, what, what the Democrats are doing is they're focused on where they think they have traction, and that is in the courts. And continue to come after President Trump, the courts, and now this kind of constitutional crisis where you send these terrorists, this group has been designated a terrorist group, and you send these people down to Central America. In fact, this guy's in El Salvador and you send them to a prison. And this is all the Democratic Party all day long is making a huge deal about. Fine, make your deal. Make a big deal about that. Focus on that. We want you focus on that. If that's the constitutional crisis you want. Hey, you got it. Go ahead, focus on that. That's a 9010 issue of the American people. And all this yammering and yammering and yammering about these very dangerous criminals that have terrorized American citizens, working class Hispanics and particularly working class African Americans that have terrorized them being shipped out of the country because they're illegal aliens, invaders. And you're getting in the middle of President Trump's constitutional mandate in Article 2 of Being Commander in Chief. This is back to the unitary executive theory, or as Warren posse informs me all the time, it is just as Article 2 powers. So that's their play, the bigger and the more profound because that's just yammering at Trump's heels. And they have 150 suits today. Now they're suing about his tariffs, his, his economic repositioning of the commercial relationships of the United States to the world. You've got Gavin Newsom, who is running in 2028. Gavin Newsom is now suing the president from the state of California as the governor. Coming against the tariffs. Right. The. In this. And this is why we have to get messaging sharper. There's a. There's a great tweet out today from. Was it Walter Bloomberg that talks about some messaging that happened this morning that was quite off message where we put out that the Chinese. Do we have the Walter Bloomberg. Can we put that up in Denver? Because I only have it in front of me. We're dealing with so much stuff now is that you have they said up to 245% tariffs. Well, that was adding, you know, the 145 and, you know, what's already there for the 20 and very confusing. I think the White House had to be very specific. It should be putting out talking points every day. And Navarro, these guys have to come out because right now this is not about tariffs and not about trade. It's much deeper. This is. We're engaged in now economic war with the Chinese Communist Party. This is. Captain Fennell says keep the main thing. The main thing. This is the main thing. There's so much else happening and we will make sure that you understand it. Like going after the universities, these woke universities and cutting off your money. One of the central parts of all of that, whether it's the law firms, universities, it's all related to your money. They only survive if they're feeding at the trough of government spending. This is the power President Trump has, is to cut off the Spending. That's where we're even having this debate. This is also the debate we're having about the economic war we're in with China. This is about what your government's been doing and how it's been exposing American workers in this country. And President Trump is now finally standing up for this. It is. As we came on today, gold is at 3320. Yes, I said 3320. That's 3320 bucks. You go, no, no, no, Steve, that must be wrong. You mean 3200. No, I do not mean 3200. I mean 3300. We also tell you it's not the price that goes the process. People are heading to go because they see that this conflict and they see it's going up the escalatory ladder. I think it's safe to say now, I don't think I overstate the case that there's kind of an embargo on both sides. We're now at the stage of the trade war. You have to see clear here through the fog of war. You have to understand exactly where we are. I think we're close to the embargo phase between both nations. And it almost has to get to this in a throwdown to understand that where both sides stand on this, this fight had to come. We've been arguing about this for years and years and years. The Chinese Communist Party, financed by Wall street, financed by the corporations financed by Silicon Valley, has grown in such power and taken so many jobs and so much of our basic supply chain and control, they have strategic stranglehold on the United States. Well, what do you mean by that, Steve? Well, rare earths, which I say is just dirt because it is just dirt, but it's the processing of it. It's quite, what I say, filthy dirty. That's why it's not done in the United States. We have rare earths. There's rare earths all over the world. They process it because they don't care about the environment. Magnets, which we've allowed strategically to make the magnets ball bearings. The ball bearings, they, they are imposing now restrictions also on just other things. As we put these tariffs up, we are countering at the same time, Nvidia, and this is why I think my strongest recommendation, the White House, we should get ahead of these things. Nvidia announces in a, basically a press release that there have been new licensing requirements put in by the US government. We already block. I think it's Nvidia 100 chip, the highest, most powerful chip they have has been restricted in selling to China. They did deep seek, I think off the 20. So China needs that as much as they need oxygen. There's an announcement last night and a big impact into the stock market in a fleeing to gold as a safe haven that we are putting new licensing requirements that we did not delineate of what they are to restrict the sale of that chip for to China, the Chinese Communist Party and their companies. That would essentially choke down their ability to further where they're heading on their AI dominance. This is not a small thing. This is I think the equivalent if the license. We don't know the details but if it's as hard as it sounds like it could be the equivalent of cutting Japan off from oil in August of 1941. I'll go into more detail as we walk through the entire economic war between the Chinese Communist Party and the United States of America. Next I got American baby. In America 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. 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- [16:12]
Peter Navarro
Did you see the China breakdown on this page? 7 of their deck? 27% went to China. It used to be 41%. What does it 10?
- [16:21]
Mika Brzezinski
Maybe we lean on them again Dutch company, but obviously it's lithography that is so important. Stocks are actually holding these chips, you know, talking about at a microscopic level.
- [16:32]
Peter Navarro
Right.
- [16:34]
Mika Brzezinski
And it is originally US technology from way back. So we do have some, still have some level of elements of control over what, who they can and can't sell to, I believe. Right.
- [16:44]
Peter Navarro
Yes, I look, I think that. But again, I come back to the idea that someone could look at this, at the, in the government and say, wait a second, what is this? It's 27% China. Well, you know, here's what I'm doing to that.
- [16:59]
Mika Brzezinski
Yeah. I mean, by the way, it's not clear that the Chinese are not developing their own. They are developing their own chip making. Yes, but they are developing their own chip making ability. You given their cyber espionage capability, it's always unclear exactly how much they've stolen.
- [17:14]
Peter Navarro
I know every Death by China, they're very good.
- [17:17]
Mika Brzezinski
You were mentioning this this morning. The book had the biggest influence on.
- [17:22]
Peter Navarro
Your life in 2011. I got death by China. Will you stop? And the book is Navarro and it's basically about World War iii. I just mentioned that. I'm adding that Graham Allison talks about World War Three, is one of my professors. So hey, listen up. You can't even. So it's not even in stock right now. But Death by China just talks about their grand plan to take us over. And when you go back and read it, it's more cogent than you thought. It's, it's like Ghost Ship, which is one that, that Mark Benioff gave me about how our navy eventually is to be made of all Chinese chips and we go to use it against the Chinese and nothing happens.
- [18:02]
Mika Brzezinski
Right. Well, there are areas that we absolutely, absolutely need to build up in our country. Is this the book? Is this where Ron Vera shows up?
- [18:14]
Peter Navarro
There's some aspects of, of, of, of, of Peter that I, I find. But you know what, Go back and read Hamill Hamlin used to make up news.
- [18:25]
Mika Brzezinski
Is Ron Vera. You'll see what I can do to him. Yes.
- [18:28]
Peter Navarro
You know, and Hammond and I don't agree with Mr. 47,000 children that you should have called.
- [18:36]
Mika Brzezinski
You see there, that is the premier business channel in the United States. Although Bloomberg's the real business channel. That's cnbc right there in the middle of one of the most profound events in modern American history. Because folks, we're in it now. They're talking like you wouldn't even say. That's a college bull session. That's like children. Death by China. Why is Peter Navarro so prominent? Why is Peter Navarro the co host of the show? Why have we had Peter Navarro on here every couple of days for four years? Or co host? Death by China is actually a roadmap. It's a very Serious book by a very serious person. The people you saw right there are not serious. This is the problem I have with the elites in this country. Two problems. Number one, they've put money in front of their nation ahead of duty to their country and duty to their fellow citizens. And understand libertarians. Oh, it's just to yourself, this is what you end up with. The elites in this country are corrupt from top to bottom. They have sold out their nation for money. The lords of easy money on Wall street, the heads and the giant corporatists. You saw this during the DEI when they thought they had the power to crush the MAGA movement, to crush Trump, to crush traditional American values. You saw it. This is what they've done. Also with China in business with them and Silicon Valley, Sequoia Capital and the psychopathic nerds that run the apartheid state. That's what Trump's up against. That's what you're up against. Let's make sure we understand exactly what this is about. It maybe wouldn't even be as bad, but the lack of maturity, the lack of the understanding of the moment and how we got here and how important this is and right there, back and forth, just like on one of the most important days when you know, now there is a methodology to go up the escalatory ladder. Take your number two principal out and write that phrase down, escalatory ladder. Because we're going up it and I'm all for it, but if you want to climb off, you got to have discussion. And President Trump, she is not going to pick the phone up and call you and say, hey, let's get together for a cup of tea. You have a, you have a diet soda, I have a cup of tea and we'll sit down and figure this thing out. He's not going to do that. I don't think. I'd be stunned because I'm not so sure he'd be around if he did do that. It has to come some other way. Maybe it can come some other way, but we're heading down now when they're cutting us off. And people have to understand, I believe we're a total embargo to make it even a better embargo. And let's expand this out strategically to the Persians. I don't understand why we're even discussing things where we're reviewing what they do the program without a military strike. And you do not need a military strike. And people using loose talk about a military strike and BB coming over here instead of pushing people to military strike. We're not going to have a military strike. We don't need to. We can economically isolate and bring to their knees these crazy mullahs that are run in Persia. The simple way to do it and bring both, get the attention of both is they ship 2 million barrels, not 1.6. They ship 2 million barrels of oil per day to the Chinese Communist Party to fuel the Chinese Communist Party. Their biggest, most important deal is with Persia. That oil comes out of the Persian Gulf through the Straits of Hormuz. As a young man I was on those battle groups outside of that, in the North Arabian Sea. They can be quickly turned around and said, you're going back to Persia. You're not going to go across the Indian Ocean, past through the Straits of Malacca, through the South China Sea up to China and deliver your oil. We're not going to do that. We're not playing that game. And you're going to dismantle and we're going to dismantle it with you. Your nuclear program, all of it. One thing on the military side people don't understand, a military strike in there is not clean. It's not a military strike without even infantry or ground forces. It would be horrific. It would draw us into the biggest war in the Middle East. It would overwhelm what happened in Iraq and overwhelm what happened in Afghanistan. You'd be in a good old ground war, a real ground war, not a three week run up to Baghdad. That can't happen. It doesn't need to happen. As soon as we get focused on what we need to do here. We are now engaged fully in an economic war with the Chinese Communist Party which has been brewing for many, many years. And they've been at war with us. And now you see, you wake up. What we've been preaching on the show for year after year after year is look at the strategic high ground they have because American industry allowed it. There are three deficits to keep in mind. It's the, the $2 trillion every year we're running here, right? $2 trillion that immediately goes up onto your national debt. And you have to continue to pay for because you're never going to pay back, you're never going to pay back a penny of the face amount of the debt. Not currently how we're structured. It's also the $25 trillion trade deficit. That means money we've sent to China, 18 trillion of it dealing directly with the Chinese Communist party. We've sent $18 trillion to them to build their economy and buying finished product from. And that's, that's the net, that's the trade deficit. That takes all the sorghum and soybeans. Because we're like a colony. We're just a colony. We send them raw materials and agricultural products and maybe some finished goods like the advanced chip design. But the one don't miss. And they said at the end, oh, cyber espionage. Yes, cyber espionage. They've stolen $30 trillion. They've stolen or we've given them $30 trillion of intellectual property. They are nothing as an industrial power. Nothing. If we had not willingly either looked the other way, they were stealing it and look at just Google and read all the news accounts, companies would say, well, I couldn't say anything because we would be banned forever and our government wouldn't back us up. So all the university research that you paid for, all the small companies that your pension funds, your pension money in venture capital, private equity in money markets that got these companies capital, got them and let them thrive. American companies, not Chinese companies, American companies, let them thrive. The intellectual property was stolen. To do a deal in China, you had to agree to do a joint venture. Would you would put your intellectual property in it to get access to that market in. The elites in the United States stood by and let that happen. You know, you want to know why we're in a jam now and all of a sudden you got magnets and ball bearings and guess what, Jace Medical, you got that. You got the active pharmaceutical ingredients and all the generics. And now the Chinese are saying every day may cut off pharmaceuticals. How many years we warn you about that? These people play for keeps. They play smash mouth. China's been around for what, 10,000 years. This is just another dynasty. Xi's nothing but another emperor. He's not elected by anybody, doesn't have any popular support beneath it. They live in fear, like they live in fear of the emperors. And the emperors had just as terrible. You know, they don't care how many Chinese people, how many Lao Baijing were killed or murdered in their reigns. Not relevant. We're in it now, but we have to understand exactly where we're in it. And it's incumbent upon the administration, I think, to basically delineate exactly where we stand in this thing and what is the bid and the ask, because we're going up the escalatory ladder of which I agree with, but I think that needs to be defined. So the American people say, I got this. I understand it. I understand what this fight's about. This is about bringing back jobs. It's also about bringing back high manufacturing job, high value added manufacturing jobs. It's also about having the elites stop selling out this country. That's the elites that want all the tax breaks. We're going to get to this when I get back. This is all inextricably linked as it should be. And yes, Speaker Johnson, you should be thinking about cutting the vast spending that is out of control. How out of control is it? In the first six months the deficit is $1.3 trillion. And Johnson, you pushed doing the pernicier. Okay, we're here. I am projecting and we have not been wrong on a number in four years that the deficit this year will be 2.5 trillion, not 2 trillion. We're going to blow through that. We're going to blow through that. We're going to blow through that. Short break. If you're a homeowner, you need to listen to this. In today's AI and cyber world, scammers are stealing home titles with more ease than ever. And your equity is the target. Here's how it works. Criminals forge your signature on one document, use a fake notary stamp, pay small fee with your county and boom. Your home title has been transferred out of your name. Then they take out loans using your equity or even sell your property. You won't even know it's happened until you get a collection or foreclosing foreclosure notice. So let me ask you, when was the last time you personally checked your home title? If you're like me, the answer is never. And that's exactly what scammers are counting on. That's why I trust home title lock. Use promo code steve@hometitlec.com to make sure your title is still in your name. You also get a free title history report plus a free 14 day trial of their million dollar triple lock protection. That's 247 monitoring of your title, urgent alerts to any changes and if fraud should happen, they'll spend up to $1 million to fix it. Go to hometitle lock.com now. Use promo code Steve. That's hometitle lock.com promo code Steve. Do it today. Here's your host, Stephen K. Ban the trade deficit with because you're going to hear from the elites. Oh, it's just an accounting thing. Don't worry about it. No, that's a total lie. As Lou Dobbs told you, as President Trump believes it's not. It shows you how deep the problem is that we're a colony of the Chinese Communist Party, an economic colony that trade deficit of the, of the 25 trillion. Right. And let's just take, let's just take the 18 that's assigned to China added to the 25 or 30 because it's $600 billion a year. That's the best estimate we have. 600 billion a year of stolen intellectual property that you paid for either through taxes to universities and, or to companies essentially given and what they call cyber espionage. Not so much espionage, some of it was stolen industrial espionage, some stolen, but a lot of it just given because the rules were you had to turn over your intellectual property to get access to the market in China. And people were fine with that. The elites were fine with that because they're going to make more money in China than they were here the colony. You add those two together, that's one of the reasons you have the budget deficit. Why? Because you're not having high value added jobs. So you don't generate enough tax revenue. People don't have better paying jobs, so they don't get better pay. They can't pay more taxes. And in addition, guess what? The companies aren't paying health care. They're not doing this. So that's why Medicaid's such a big deal. And today you have 24. I think congressmen have told Johnson Republicans that we just can't go on with a meat axe and cut Medicaid. You got to be very smart about this. Why? As I've been saying for a long time, just look at it. There's a ton of maga of working class folks, Hispanic, black and whites that are on Medicaid that are working, not sitting there gaming the system, not asking for a handout. Why? Because the jobs don't pay enough. Why don't the jobs not pay enough? Oh, let me go back to the trade deficit. The reason this has happened is not astrophysics and it's not a natural law of the universe of property. It's not the second law of thermodynamics that made this like had to happen. If you listen to Paul Ryan, if you listen to all these Republicans for years who were controlled opposition, who made money and got us in this situation because they didn't stop the oligarchs and the elites from doing this and they were an active party to it, you would think it's just a natural property. This is the free trade. This is how it works. No, it's a mercantilist system. It's what Adam Smith actually warned us about. It's what the Patriots we're leading Up. What is Saturday? Saturday is the 250th. What, a quarter of a millennia. 250th anniversary of our patriots have finally had a belly full of it. The handful of them against an empire. And what was that empire against a worthless landed aristocracy that had corrupted commons, just like the House of Representatives in Congress is corrupted. They bought and paid for them. So it wasn't what Englishmen had fought for. Oh. In addition, the crown was able to give monopolistic power to things like the British East India Company. The ship that was in Boston harbor that had the tea thrown off, it was the East India Company had monopoly. And guess who were the leaders of that to get it rolling? Oh, John Hancock and Sam Adams. A couple of freebooters heretofore may be referred to as smugglers who wanted to go around the system, not want to pay the tariff, put in to kind of. Because monopolistic power, that's our heritage. What do you think got him fired up at Lexington Common? What do you think got him fired up in the Bridge of Concord where EMERSON Came back 100 years later and wrote that magnificent poem about what they stood for that resonates down through every page's grave to modern time itself. That's what this fight's about. It's the same fight. The little guy getting crushed. But it's all on the little guy. Remember, it's all on your shoulders. It can stop at the moment you say it's going to stop. You have the power. Don't let them tell you you don't have the power. You have the power. They don't have the power. They've convinced you, they've put you to sleep that you don't have the power. That this is the second law of thermodynamics. This is just the way the world's got to be. This economic organization that you live like a pauper, that you're constantly concerned about your taxes. Can you pay them? Are you constantly concerned about your credit cards? Can you pay it off? Even if you're middle class and got a nice job, you get laid off. And one of these corporate restructurings, they do not give a damn about you as a person. They'll throw you out of the office right away. In 100 days, you're sweating bullets and not sleeping. How am I going to pay the mortgage? How am I going to send the kids to college? How am I going to pay for Little League? That anxiety and angst as it goes down the food chain, it's hard. People don't how am I going to need another meal? How can we as Americans sit there and think of the thriving nature of the food banks? And we know now it's people just going and kind of topping off. I got to get this. I got to get this. Is that the United States? Is that what those patriots in Lexington Common fought for? Is that where they made the stand at Concord? Hell, no. They would come back here. First thing is they get off your ass and do something. Be like the folks in Greenville and Tarrant County. They said, we've had enough of this and we're going to set things right. And the first thing setting right is the basic thing, just like in the revolution. A committee of correspondence. Let's have a town hall meeting, let's get going. And then behind the scenes, hey, maybe we got to get more organized because these Brits know how to run the deal. The British were just globalists. They were just organized power. Don't think the crown. And what happened in London, it was the capital of the world, like New York City is today. They knew how to run the deal. Okay, Their deal. Why do you think so many. Why do you think with so many prominent. The Hamiltons of the world, the Jeffersons of the world, the Adams of the world and all the other tiers, men of the world, why did they revolt against us? Why did they put it on the line? Because they understood if we could stop that then and create our own thing, it would be. And they had a vision. It would be the greatest republic in the history of man. That's where they looked to the. Not the Roman Empire. They looked to the Roman Republic. They were fighting the empire. They were fighting what Rome devolved into and what Britain devolved into. That's your heritage. That's your lineage. But understand it. See what you see in this moment in history, in the land of the blind, the one eyed man is king. Just understand exactly where we are in history, where we are in global history. Why they hate Trump, why they want to imprison Trump, why they hate you. You are disrupting the entire system. Because the system and the institutions and the people that ran it in this country betrayed the basic foundational elements of this constitutional republic full stop. And you either accept that and live with it. And I'm not saying you can't have a comfortable life. People had comfortable life and never have. Just if you just want to get tapped along and just do your own thing and don't care about it, hey, that's fine. You're free men and free women. Do what you want. But if you believe not just in this country, but the foundational principles of this country and know the foundational principles of this country are not going down to El Salvador in prison with a big media display, you want to do that, do it. But citizens, particularly our most helpless citizens, have been preyed on, preyed on by these terrorist gangs. Preyed on. And Trump's finally said we've had enough. And here's what I'm going to do and I'm commander in chief and I'm going to do it. And I dare a federal court to get in the way of that. And so now, oh, we're hurdling towards a constitutional crisis. Well, you know, bring it on. We got. We're in an economic war with a superpower that was created. Always remember this. And when. And when Jim Cramer sitting there, my professor, Alison Graham. Well, you should have asked Jim. You should have read the book and understood it more than a sophomore in college. Because the book jump, what jumps off the page is no group of elites have ever made more money on the declining power on the way down than they made on the way up by selling out the declining power to its rival. And that's what happened here in the United States of America. The Wall street faction, the global corporatist and Silicon Valley. Hollywood tried to, but they're minor players in this. I'm talking about the big three. And they sold this nation out every single day. Not for ideology. This makes even worse if you think they had some sort of thing of mankind and maybe communism is the way and all that. No, they're neo Marxist, culturally because they're godless, atheist and demonic. But they sold it out for money. They did exactly what this week on Thursday, Judas did to Jesus Christ. They sold it out for their 30 pieces of silver. And yeah, they. Oh, it's uncomfortable. And now, oh gosh, you want to raise our tax. You damn right. You damn right. And Larry Kudlow and Steve Moore, you should be ashamed of yourself running dogs for this group. No, we're not taking on achievers. It's just simple mathematics. We have on our watch a $1.3 trillion deficit. Embrace it. It's a fact. We have to deal with it. It's going to be over 2 trillion. It's going to be 2 and a half trillion. Let's have this conversation on the afternoon of the 30th of September. We can kind of figure out what it is going to be. 2.5 trillion topped onto the national debt. So Johnson and I admire the Congressman, over there fighting the Medicaid cuts. I got that, but you have to have cuts. Medicaid is going to have to be cut smartly. Can't take a meat, but you got to smartly cut that. One way you can cut it is people getting better jobs. The way you get better jobs is bring back higher value manufacturing. The service economy of the United States does not work for 75% of the people. So you're not going to have a country. Those two elements, the intellectual property theft in the trade deficits are one of the reasons we have these ballooning deficits, because we have decreasing tax revenues or tax revenues are not increasing and you have exploding costs. A lot of this, some trillion dollars of it, is because we also underwrite everybody's security and they have to start pitching in for that. And one way did you have to have less swords and more plowshares is to make sure that we can do this economically, which we can. Like in Persia, you don't need to immediately go up the escalatory ladder to start, let's have a gunfight. You know why? Because in the gunfight, it's the, it's the deplorables. Kids, it's their sons and daughters in the middle of it. It's not the elites. How many of that crowd that wants to go bombing into Iran, bombing into Persia and sending troops into Persia, how many of their kids are in it? How many kids are. How many of their kids are on the front line? How many of their kids are in that carry battle group? How many of their kids are doing bombing runs in the Houthis? How many were their kids there at? Were there kids there for the. Were the F16 pilots that got shot down? Are they in those carry battle groups? No. Indeed. Nope, not there. They want to take all the benefits of the society they've created. They want to skim it off the top and they want to have these entitled kids running around. They're going to do this, they're going to do that. Never hit a lick in their life. Don't know anything about life. But your sons and daughters are going to be in those carrier battle groups. Your sons and daughters are going to be in the first wave that goes into Persia. Your sons and daughters are going to be doing the bombing runs. If that has to happen, it's not going to happen. It doesn't need the reason. It's not going to happen. It doesn't need to happen. What about, what about their assets? What about the Persians, the mullah's assets? The assets all over the world. Why they stole. They stole the Russian assets. Why don't we steal? Why don't we take their assets? Courts have decreed it. 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 3:12 to 226, down to the actual number itself. Now he's issuing a dire warning about April 11, a moment that could define Trump's presidency and your financial future. His latest book, MoneyGPT, exposes how AI is setting the stage for financial chaos. Bank runs at lightning speeds, algorithm driven crashes and even threats to national security. Right now, War Room members get a free copy of MoneyGPT when they sign up for Strategic Intelligence. This is Jim's flagship financial newsletter, Strategic Intelligence. I read it. You should read it. Time is running out. Go to rickardswarroom.com that's all one word. Rickards War Room records with an S. Go now and claim your free book. That's rickardswarroom.com do it today. War Room. Here's your host, Stephen K. Bannon. Since the ccp, one of the main aspects in this war is going to be de dollarization. Make sure you go to birchgold.com promo code Bannon to get the end of the dollar empire. You can learn all about it. The last one is the modern monetary theory, the idea of the Berks world. But all this, six free installments. We're going to be doing some things on bundling it. Make sure we make it easier to get to you in the coming days, weeks ahead. Because this is central to your understanding of the situation we're in. And that's what we need. It ain't the price of gold, which is over 3,300 bucks. I said that right. 3,300 bucks. Remember the biggest move in gold, and gold's not supposed to move like this. It's a store of value and a hedge. Something the market's telling us, something.
- [45:41]
Chris Acavella
We.
- [45:42]
Mika Brzezinski
Need you to understand that it's not about the price, it's about the process of how it got there. And that's what Birch Gold is set out to teach you. And remember, it's physical gold you want if you decide to go this way. Chris Acavella, American Securities. You've done an amazing job. Walk me through when I talk about the elites and I'm bashing the elites. Am I being unfair in your mind, sir? No.
- [46:09]
Chris Acavella
Steve, you know, there's a few things that you pointed out in the last segment and what I would say is you're getting to the heart of the issue, which is that that's the dark underbelly of capitalism. The fact that our money was sent over there, that we sold out our intellectual property rights, that we hollowed out America's factories and manufacturing bases and sold everything to China. China needs this country. We are the world's global debt fueled consumer and it looks like we're going to continue to be that. So that's why the tariffs are so important. That's why cutting off the flow of capital to G's new transition to the military industrial complex, their quantum computing capabilities, their laser weapon systems, their cyber armies, this is a very specific, coordinated set of tools that the Trump administration needs to implement and do it so that it protects our economic and national security.
- [47:10]
Mika Brzezinski
So you're a leader. Let's talk about, we're going up the escalatory ladder now in this economic war, but let's talk about things that could be done here. There's even Larry Fink said the other day, if companies of CCP controlled companies have done things wrong, they should be considered for taking them off the exchanges. Right. How much capital? If we cut off the Chinese Communist Party from access to capital and from stealing our technology or just agreeing to the joint ventures where we give them the technology, how much would the current situation change? Sir?
- [47:45]
Chris Acavella
I think would change tremendously. It would allow us to reimplement a manufacturing base re establish supply chain efficiency in this country. I mean we learned from COVID that we were in a big problem when we needed critical supplies. Pharmaceuticals, ppe, we can't have that anymore. We also need a steel industry. We need to be able to make it manufactured to be self sufficient. That's the lesson of COVID And I think when you cut off the flow of capital to the Chinese Communist Party and mainland Chinese companies, you're talking about trillions of dollars. You couple that with increasingly high tariffs, that's more money that they that will collect at the border. And hopefully over time we can make those products here in the United States.
- [48:32]
Mika Brzezinski
Which should create wages, hopefully over time. It's just, it's just a fantasy of, of people like Peter Navarro. How real is this? How real is bringing back supply chains? How real is bringing back and returning us to becoming a manufacturing superpower? Is that real or is that just A fantasy that you believe and Navarro believes and people like myself believes. Is this a fantasy or can it happen?
- [48:57]
Chris Acavella
It can happen and it has to happen. It has to happen for our own self sufficiency. It's just going to take a little bit of time. And Wall Street's throwing a fit right now because of what you said before. I mean, you have global elites who don't want to relinquish power because this soon as they relinquish their access to all of the riches that they have, those have to be redistributed to everybody else who was part of the Trump base.
- [49:22]
Mika Brzezinski
Okay, can you hang on for a second? I want to, I want to hold you for a minute through the break. And the great Eric Prince is going to join us. But I want to look at this Financial Times in London, of course, my favorite paper headlines, Wall street banks reaped $37 billion after traders cash in on Trump volatility. Remember, volatility is one of the things that you trade back and forth with velocity. You will make money. These guys are making money. And Larry Kudlow and Steve Moore, the great big crocodile tears on taxes. Bottom line, the elites in the upper bracket, never, they're the ones that have control this city. They're the ones that control the congressmen, they control the Senate. It's the reason spending doesn't stop. Spending doesn't stop because the elites in this country are consolidating more and more power and more and more economic power with the deficits. The deficits help them. More government spending helps them. I'm going to give you some pattern recognition. He brought the law, Trump brought the law firms to their knees. How did he bring the law firms to his knees when he sent the letters to them to take away the security clearances? He says you're not eligible to work on anything related to government contracts or government work. And he put a line in there. And any of your clients that still retain you will not be eligible for government contracts. That means feeding at the trough. And guess what? The toughest law firm out there, Paul Weiss and Karp, the chairman, the guy was organizing everything. He surrendered in 24 hours. Why did he surrender in 24 hours? Because all the other jackal law firms, all these white shoe law firms from all the great institutions of Harvard and Yale and Stanford, you know, all the high moral they have at those great universities, those bastions of education, they went after their clients and said, hey, Paul Weiss, not going to be able to be in business. Come with us. That's where the partners, all the highfalutin tough partners of Paul Weiss. That's why they collapsed in a day. Why is Harvard. Why is Harvard. Why is all. Why Columbia? Why are they all collapsing? The $9 billion of your money at the public trough. That there's snouts right in hell. Harvard's got a 52 billion dollar endowment. Why don't you use that? Can't touch that. Got that Government money. You've been played for a sucker and you've been played for a SAP. The entire system rests on your shoulders. You are the full faith and credit of this government. Not the sec, not the Federal Reserve, not this group of scum up there, right? These. The sociopathic overlords on Wall Street. You think they give a damn about this country? You think you give a damn about its citizens? You think you give a damn about what happened in Lexington and Concord 250 years ago? They were the guys on the other side. They were the city of London, the Wall street at the time financing the empire against the. The clone, the colonist. That was the little guy standing up and say, hey, go F yourself. You're gonna have to come and take it. Do we have that balls and guts today? That is the only question that matters. Next 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 strategist. 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 minute.
- [54:31]
Trevor Comstock
Hey war Room. Hope you're all doing well. My name is Trevor Comstock. I'm one of the co creators of Sacred Human and I wanted to share just a little bit more about our brand. For those who may not know of us yet, but about six months ago we decided to launch Sacred Human with really the simple mission being to provide American made natural supplements without all the artificial nonsense. So unfortunately, as many of you know, a lot of these big corporate supplements will include things like preservatives, artificial ingredients and other additives that really aren't benefiting your health. So that's why we created Sacred Human, really trying to fill this gap of quality supplements and of course the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc. And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health.