Episode 4479: The Strategic Decoupling

Summary

Bannon’s War Room: Episode 4479 – The Strategic Decoupling
Release Date: May 12, 2025

In Episode 4479 of Bannon’s War Room, hosted by Steve Bannon and produced by WarRoom.org, the discussion centers around the United States' strategic economic maneuvers to decouple from China, the implications of the Vatican's clandestine agreements with the Chinese Communist Party (CCP), and the broader impacts of the BRICS summit on the global economy. The episode features insights from economic strategists, political analysts, and commentators Jack Posobiec and Scott Besson, offering a comprehensive analysis of shifting geopolitical landscapes and their ramifications for the American economy and global power structures.

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1. Strategic Decoupling from China

Scott Besson initiates the conversation by elucidating China's "dual circulation" economic strategy. He emphasizes that this strategy is not merely about balancing exports with domestic consumption but avoiding overproduction that could flood global markets, thereby undermining local producers worldwide.

"Dual circulation means export and domestic use. It cannot mean that China overproduces and that only Chinese goods are consumed in China and then they export the excess to the rest of the world."
— Scott Besson [00:00]

Besson highlights the challenges posed by high tariff rates and the embargo on Chinese goods, which may otherwise "leak" into global markets at discounted prices, thus undercutting local industries in other countries. He stresses the importance of “strategic decoupling”—a targeted approach focusing on critical industries rather than a blanket separation from China.

Steve Bannon builds on Besson’s points, detailing the administration's tariff strategy aimed at exerting economic pressure on China. He outlines the current tariff structure, which imposes a cumulative 50% tariff on Chinese products—a combination of 20% from the Trump era and an additional 30% introduced by the current administration.

"The tariffs as structured now are 50% on Chinese products. How do I get to that math? Quite simple. 20% from Trump's first term... and ... he brought those down to 10%... you add that up, it's 50%."
— Steve Bannon [01:37]

Bannon underscores the severe strain these tariffs place on China’s economy, citing the $1.2 trillion annual trade deficit and the detrimental effects on China’s real estate, banking, and manufacturing sectors. He argues that this strategic decoupling is not about severing all economic ties with China but about isolating and retracting from sectors deemed strategically necessary, such as steel, critical medicines, and semiconductors.

"We do not want a generalized decoupling from China, but ... what we do want is a decoupling for strategic necessities."
— Scott Besson [00:00]

2. The Vatican-China Deal

The conversation shifts to the controversial Vatican-China agreement, where the Vatican allegedly entered into a covert arrangement with the CCP to allow Chinese authorities to select bishops, thereby exerting influence over the Catholic Church in China.

Steve Bannon criticizes this deal vehemently, suggesting it undermines religious autonomy and represents a significant compromise by the Vatican.

"The Vatican has a secret deal with the Chinese Communist Party. They're taking cash money from the CCP to allow the CCP and the PLA to select bishops."
— Steve Bannon [10:28]

Jack Posobiec provides a detailed account of the conclave that led to the election of Pope Leo, accusing the Holy See of orchestrating the selection to secure financial stability amidst declining donations.

"The Vatican is broke... They need the big donors to come back. So what did they do? They got a guy in Peru who was born in Chicago... He's going to be Bergoglio's absolute lineage on what he's trying to execute."
— Jack Posobiec [16:47]

Posobiec further elaborates on how the Vatican’s financial struggles necessitated this agreement with China, arguing that it reflects a broader pattern of elite manipulation and corruption aimed at sustaining institutional power at the expense of ethical and autonomous governance.

"This was more rigged and more thought through... It's more rigged than the stolen election of President Trump in 2020."
— Jack Posobiec [15:00]

3. BRICS Summit and the Future of the US Dollar

The episode transitions to the looming BRICS summit scheduled for July in Rio de Janeiro, dubbed the "Rio Reset." This summit represents a critical juncture for emerging economies—Brazil, Russia, India, China, and South Africa—to coordinate efforts to diminish the dominance of the US dollar in global trade.

Although initially presented through an advertisement by Mike Lindell, the implications of the Rio Reset are significant and align with the broader theme of challenging established Western economic hegemony.

Steve Bannon emphasizes the pivotal nature of the summit, suggesting that the actions taken by BRICS nations could lead to a substantial decline in the global reliance on the US dollar, thereby weakening the established financial order that has underpinned American economic supremacy.

"The BRICS objectives move decisively from a theoretical possibility towards inevitable reality. Diversifying your savings into gold is right for you."
— Mike Lindell [12:31]

While the segment primarily serves as an advertisement, it underscores concerns about the sustainability of the US dollar and the potential shift towards a multipolar global economy where emerging powers assert greater influence over international financial systems.

4. Global Political Dynamics and Domestic Implications

Jack Posobiec and Steve Bannon also delve into the interconnectedness of global political events, including the elections in Romania and Poland, and their relevance to NATO's strategic positioning vis-à-vis Ukraine. Posobiec highlights the rise of populist nationalism in these nations, drawing parallels to the populist surge in the United States under Trump’s influence.

"Globalism is the face of all of this. That's the system we're trying to break... That is the underpinning of the globalist party."
— Jack Posobiec [26:06]

The discussion extends to the potential constitutional crisis in the United States, citing ongoing debates over federal spending, tax reforms, and the challenges posed by an expanding federal bureaucracy. Bannon warns of the increasing influence of Marxist ideologies within the judiciary and legislative branches, advocating for a robust response to preserve constitutional integrity.

"This is the convergence of the crises... We are hurtling towards a constitutional crisis which must be resolved by the end of June."
— Steve Bannon [19:40]

5. Economic Warfare and Future Projections

The episode concludes with a focus on economic warfare as a fundamental component of the broader conflict described as the "Third World War." Bannon and Posobiec argue that economic strategies—including tariffs, trade negotiations, and shifting alliances—are as crucial, if not more so, than military interventions in determining the outcome of global power struggles.

"We're going to take down the CCP."
— Steve Bannon [27:21]

They assert that the restructuring of global trade relationships and the protection of key American industries are essential to maintaining economic sovereignty and countering the influence of adversarial powers like China and Russia.

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Conclusion

Episode 4479 of Bannon’s War Room presents a critical examination of the United States' strategic efforts to recalibrate its economic and geopolitical stance in the face of rising global challenges. Through incisive analysis and expert commentary, the episode underscores the importance of targeted economic policies, the ramifications of clandestine international agreements, and the shifting dynamics of global power structures. For listeners seeking an in-depth understanding of the complex interplay between domestic policies and international relations, this episode provides a thought-provoking and comprehensive perspective.

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Notable Quotes:

1. Scott Besson [00:00]:
   "Dual circulation means export and domestic use. It cannot mean that China overproduces and that only Chinese goods are consumed in China and then they export the excess to the rest of the world."

2. Steve Bannon [01:37]:
   "The tariffs as structured now are 50% on Chinese products. How do I get to that math? Quite simple... that's the pressure."

3. Steve Bannon [10:28]:
   "The Vatican has a secret deal with the Chinese Communist Party. They're taking cash money from the CCP to allow the CCP and the PLA to select bishops."

4. Jack Posobiec [16:47]:
   "The Vatican is broke... They need the big donors to come back. So what did they do? They got a guy in Peru who was born in Chicago."

5. Jack Posobiec [26:06]:
   "Globalism is the face of all of this. That's the system we're trying to break... That is the underpinning of the globalist party."

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This comprehensive summary encapsulates the key discussions and insights shared in Episode 4479, providing a clear and structured overview for those who have not listened to the podcast.

Transcript

[Scott Besson]

Chinese have an economic plan called dual circulation. And with dual circulation, our goal is to make sure dual circulation means export and domestic use. Dual circulation cannot mean that China overproduces and that only Chinese goods are consumed in China and then they export the excess to the rest of the world. So we have had the equivalent, because of these high tariff rates of an embargo on China and those goods are going to leak to the rest of the world. So, you know, our negotiations, we don't need to tell other countries what they need to do. They are seeing this wave of Chinese goods coming to their shore. They have to find a home and that could be at a discount price, undercutting local producers. And again, one of the most important things that we're doing, we do not want a generalized decoupling from China, but what we do want is a decoupling for, for strategic necessities which we unable to obtain during COVID And we realized that efficient supply chains were not resilient supply chains. So we are going to create our own steel, the protect our steel industry, the work on critical medicines on semiconductors. So we are doing that. And the reciprocal tariffs have nothing to do with the specific industry tariffs. What has to happen is it has to be fair for the American people.

[Steve Bannon]

But in January 2020, that's Scott Besson. So today, historic day, Secretary Treasury Bennett Besant and Ambassador Jameson Greer live from Geneva this morning. Scott Besant's flying to Saudi Arabia I think, even as we speak. So they started off at 03:00 Eastern Time with a live press conference to explain this 90 day kind of process with the Chinese Communist Party. And the key takeaways, number one, he said this is a strategic decoupling. At first he said decoupling and then he refined it later. Strategic decoupling. What he means by that is that not all industries are going to come back. They're not going to make a forced effort and all industries are going to focus on high value added manufacturing, particularly precision engineering. Precision manufacturing. So in 90 days, the tariffs here, I want everybody to understand the tariffs as structured now are 50% on Chinese products. How do I get to that math? Quite simple. 20% from Trump's first term that Biden never took off because there's too much pressure not to take off. The Chinese mentioned that in the first round of negotiations that's 20%, 20% on fentanyl which has not been taken off. And he kept, he took the, the escalatory reciprocity tariffs that were 145, I think 125 to 145. He brought those down to 10%. You add that up, it's 50%, China's 10% with us. And that's the pressure. The Chinese economy, as everybody knows, is under enormous, enormous pressure, not just the real estate industry, not just the commercial banks, but manufacturing plants closing. Because up until today, there's been a complete and total embargo of essentially both countries, the two largest trading partners in the world. Complete and total embargo and I think what $1.2 trillion running annual deficit, the total trade deficit, $25 trillion, ladies and gentlemen, 18 trillion of that right to the Chinese Communist Party. As you can know from Italy to France and particularly Germany, the Chinese Communist Party is rapacious in how they destroy industries and take them to China. So good news out of this. I know for many of the hawks, people on our side that want totally decoupling, not 100% victory, but that's fine. It's a process. And this shows serious engagement. Scott Besant, very, very serious, tremendous move on this. And they're going to hammer away key thing on semiconductor and all the high value added manufacturing. That's all coming back here. And remember, Besson says some of the day is quite important. This is a whole package. You're going to have tax relief, you have massive deconstruction of the administrative state to lead to deregulation, lower energy costs. All that combined with a tariff with basically protectionist tariff barriers will add to a complete picture. This is why you're going to see, I think it's up to $2 trillion now of companies saying they're bringing manufacturing jobs back here. Not, not, not sovereign wealth funds. Now, the sovereign wealth funds. President Trump's going to do that in the next couple of days. He's leaving shortly and we're going to cover that live. MIKE krack, Producer, the guys in Denver and in West Palm beach, we want to make sure we get President Trump, he's going to, I think, walk out and take Air Force, take, take Marine One out to Andrews Air Force Base. He's leaving for Saudi Arabia here momentarily. So that's on the trade part. Remember, it's peace deals, it's trade deals and it's peace deals and trade deals and tax deals today. Also drug deals, the drug deal. He did something that was absolutely epic and historic with Bobby Kennedy and Dr. Oz by Assaiba. Bobby Kennedy, a really part of the royalty of the Democratic Party, stepped up to the microphone and said, hey, Republicans and Democrats have tried to do this for 50 or 60 years. They've been too intimidated because the money of big pharma, President Trump, who all the big pharma guys ran to him after, remember Mar A Lago, you had the news media every day, big pharmas down there having meetings, doing this. We then, this is the reason we got Bobby Kennedy confirmed. President Trump was bold in his pick of Bobby Kennedy. This show, this audience, bombarding the guys in the Senate that didn't want to vote for Bobby Kennedy. Today is the reason that you've got Bobby Kennedy in there as Secretary of Health and Human Services. Why Bobby Kennedy helped work with Dr. Oz, who's going to manage this process, to go to the president, say, hey, here's what we can do. Here's the executive order you should sign. And Bobby Kennedy called out Bernie Sanders by name. He said, Bernie Sanders has talked about this. He built his campaign around this. If you watch this phony cosplay oligarchs roadshow he's got with aoc, one of the big things they bring up is this. Well, today President Trump did it in the Oval office, up to 80%. And what this is doing is essentially the American people have been underwriting Europe. This is where the profits of the drug companies are made. And in the United States, they sell at a very different price. In Europe, that's now coming back. He's put them on notice. That's starting immediately. And that is going to. This is what Oz said is so important. This is going to start to. You're going to see the cost of Medicaid drop, the cost of Medicare drop. These, you know, when Medicaid and Medicare are a trillion dollars, you're going to start to see the costs coming out of there, just like lower energy costs are lowering, you know, the cost of living all around. That's another big aspect of it. So absolutely, totally historic. Working on getting Jack Posobec up. Jack is back. He's back from Rome Saturday night. We've got a lot to talk about about that. Also about China. He's got a lot to say here. So historic day. The President's about to leave for Saudi Arabia. And in Saudi Arabia right now, we understand there's going to be a lot of discussion. It's principally about. About investment and about investment in the United States, investment in the global market. He's going to be in Saudi Arabia also UAE and Qatar. Right. Not my favorite country, but he's going to go to all three. All this is really talking about investment. But remember, he's saying that the foundation of investment is what's going to lead to peace. Of course, discussions about what's happening in Gaza, particularly more of the hostages being released. President Trump, pretty brutal right there and saying, hey, only 20 are still alive. The rest are dead. The families want the dead bodies. He's working to make sure that both the dead bodies and the hostage himself, he dropped a bomb there at the end. He did mention that Erdogan is hosting the peace discussions, the ceasefire discussions in Istanbul this Thursday. And President Trump said, hey, I'm in the neighborhood. You don't know, maybe I'll drop by. He said, I'm open to it. So that's a bombshell. Jack Bosoba joins us now. Jack, you just back from Rome. First, give me your thoughts on what you heard. You're a, you're an old China hand. Your thoughts on, on Scott Bessant, Jameson Greer and at least this interim deal we have on with the ccp.

[Jack Posobiec]

Well, look, Steve, I think that the, the Trump deal with the CCP is much better than the Vatican deal with the ccp, which I certainly hope is something that Pope Leo is going to be addressing within, if not the first few days, easily within the first couple hours of this. Look, when it comes to dealing with the ccp, it's trust but verify. At the end of the day, it's all trust but verify. And that's why you, you've got to use the carrot and the stick. And for the very first time, Steve, since all the way back in the 1990s and then into 2001 when we gave them most favored nation status, when we allowed them this corrupt criminal cabal into the World Trade Organization, by the way, a move that was opposed by the entire left at the time. The entire, and I mean like antifa left was totally opposed to China. They fought riots up in Seattle over this about allowing China into the World Trade Organization for the first time. Finally someone is fighting back for the American people and actually saying, you know what, these guys have been lying to us. They've been lying from the start. The only way that they will be able to be held to account is to make them pay. It's as simple as that. And what the levels where they are, it's, it's good. But again, it's all going to come down to this. What we're seeing now, I think is a slow decoupling. They're saying we're not going to decouple, but it is going to be a slow decoupling. And zero hedge is the guys up there. They may be getting a little over the ski saying all the ships have ended. I think some of the ships are still coming, but you eventually want to slow it down and get this decoupling.

[Steve Bannon]

To where hang on.

[Jack Posobiec]

To be supposed to be back on their feet.

[Steve Bannon]

I want to, I want to tee up. We're going to go to break here in a moment. I want to tee it up real quickly. President Trump disintermediates the mainstream media. He had Scott Besson on in a live press conference in Geneva at 3 o' clock in the morning. Then he's doing this today for an hour, talking about the deal. Disintermediates, takes questions. The Vatican has a secret deal with the Chinese Communist Party. They're taking cash money from the Chinese Communist Party to allow the CCP and the PLA to select bishops. Give me a minute on compare and contrast that before you go to break.

[Jack Posobiec]

Sir, you can't do these things in secret. And by the way, who were the three people who made that deal? It was McCarrick, Pope Francis and Cardinal Parolin. Right. So Cardinal Parolin who we were told was, was the guy that was in. And this is something I've heard from sourcing on the ground. I just got back from the Vatican. It was at the conclave. I heard that parallel and was pushing Pope Leo that he was pushing Prevost, that this was the guy. He said, look, I know that I've been out there too much. I'm a little bit older. There's some health issues, blood pressure issues. That's why I want Prevost. Prevost is the guy. So that he went into the conclave before they closed the doors as if that he was going to be the front runner. And then behind closed doors, the very first thing that I'm told that parallel was doing was pushing for predestined Jack.

[Steve Bannon]

Hanger for one second. Take a short commercial break. The Rio reset. On July six in Rio de Janeiro, the Brics nations are going to meet. If you saw Xi and Putin over the last couple of days in the 80th anniversary of Victory in Europe, they look like two teenagers on their first date. A lot's going to happen in rio. Go to birchgold.com the end of the Dollar Empire, the seventh free installment. The Rio reset. Make sure you get smart. Get up to speed. Birchgold.com Bannon do it today. You got Marine One out there. President Trump getting ready to leave. There we go. Sorry, took off. Okay, Gotta put my glasses. Short break. Back in a moment.

[Mike Lindell]

This July There is a global summit of BRICS nations in Rio de Janeiro. The block of emerging superpowers including China, Russia, India and Persia are meeting with the goal of displacing the United States dollar as the global currency. They're calling this the Rio Reset. As BRICS nations push forward with their plans, global demand for US Dollars will decrease, bringing down the value of the dollar in your savings. While this transition won't not happen overnight, but trust me, it's going to start.

[Steve Bannon]

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[Mike Lindell]

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[Steve Bannon]

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[Mike Lindell]

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[Steve Bannon]

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[Mike Lindell]

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[Jack Posobiec]

Here's your host, Stephen K. Ban.

[Steve Bannon]

Jack joins us. Kind of a truncated show today because we've actually we've been up live since 3am this morning watching this historic day starting in Geneva on the Chinese deal and then going to the White House. The president just left on Marine One a minute ago from the lawn of the South Lawn of the White House. They'll be in Andrews. We'll go to the pool feed to see everybody loading up for this. It's not a great flight to Saudi Arabia. I've done this once with the President. The Air Force One, which folks I know there's a controversy about this new plane, but Air Force One as it exists and remember President Trump made this decision his first term to make a new one. Air Force One is essentially a military a flying military command center with a small set of compartments for his staff and for some media. But it's basically a military command center and it has all the comfort of a military command center, which is not much. It's like flying in a cargo plane. Jack Posobec I want to go back to this very important point you just made and all this and I don't want to say happy talker nonsense, but I'll call it happy talking nonsense, particularly Coming from some of the traditionalist, maybe social media and saying, oh, Cardinal Burke had a big blocking thing and paralyzed. That's all nonsense, all crap. Okay, how was I able to call this 10 days before? Because I did my research on what was going on, Jack. This was set up and cooked even before. A guy who's been a cardinal less than two years, that's virtually unknown to his other American cardinals, as they said at the press conference the other day. Virtually unknown, right. That's been. That was put into the dicastery for archbishop so he could kind of help Bergoglio select who was there. It's impossible for that guy to win on basically the third or fourth ballot, right? With any big consternation, unless it's cooked by the Curia and the powers of B. And here's what they wanted. They wanted somebody in complete continuity with Bergoglia, 100%. He's been selecting the archbishops for this entire thing. Number two, and more importantly, social media folks, this was not Burke. They didn't try to push Paryland. This is not some deal in the Latin Mass. This is all about the finances of the Vatican. The Wall Street Journal lays it out and what was this? This is the traditional, the growth part of the Catholic Church in America cut off the Vatican from the collection plate. The finances have dropped, I think 50% from America, from the American Church. They need the big donors to come back. They need the guys of the papal foundation to come back. They needed an American. So what did they do? They got a guy in Peru for what, 40 years. He was born in Chicago. Nice enough guy. He's going to be Bergoglio's absolute lineage on what he's trying to execute and their radical nature of this kind of whatever, this reformed, almost Protestant like Catholic Church, not traditional, the Catholicism. And in addition, he's going to have access. He's going to give the appearance of access to the big American donors so the cash comes back. The Wall Street Journal had an article on the first day of the conclave that showed the deficit in the Vatican, the operating deficit, it's not that they don't have assets. They have. They're not bankrupt because they have assets all over the world, but they don't want to sell them or monetize them. What they've done is three times the deficit. They have a $2 billion, I think 2 billion euro gap in their pension fund. Posobic, this was more rigged and people have to understand this. This was more rigged and more thought through in the Korea than the Stolen election of President Trump in 2020, sir.

[Jack Posobiec]

Well, Stephen, look, I was in Rome when it happened. You know, nobody could believe that they're in, in just 24 hours of a conclave. So people say it was day two, but remember on day one, there was actually one vote taken. So this was the fourth overall ballot all the way through. You remember the speaker, speaker of the House election. The last one was longer than this. So which functions a similar kind of election. The entire city of Rome was, was shocked to see white smoke on after just 24 hours. They were an absolute shock that it could come so quickly with. And at the time, no information coming out whatsoever about the situation. So Cardinal Dolan goes up there and he's throwing Trump under the bus, which he did do, by the way, to the media, the Roman media there in Italy, when they asked him about the meme, lighthearted meme, Trump Post, he said, oh, I don't like it. It's a bad meme. It's terrible. So that's. And the other Italian car, excuse me, the American cardinals were saying, well, we don't really know about Trump. We're not really. Or this Prevost. We don't know about this guy. This guy, you know, he's, he's not, not. Look, as an American Catholic, I'll tell you right now that people were stumbling over his name at church this weekend. And you know that no one knows who this guy is. No one's heard of him before except the people of Peru and the people of the Vatican, where he only became a cardinal just a few, just a few months ago, really, when it really comes down to it, in the grand scheme of things. So it's, it's a stunning rise. However, it makes sense because if you remember, folks, where was Bergoglio originally stationed? He was from Argentina. So he was in South America. Now you've got Prevost was in South America. So you can see where the nucleus of this comes from. And Steve, here's the other part of it that, that I would just add to what you're saying about the finances. The Vatican is broke, okay? The Vatican is broke. And people need to understand that. So when they say, oh, we got all these people in Latin America, we got all these new Catholics coming in Africa, etc. Etc. Look, you're not getting money out of there. They want money out of North America. And what just happened in North America that cut off one of their major funding sources was the Catholic Charities migrant refugee program. The fact that that got shut down by the Trump Administration, by the way, working with Doge, working with Stephen Miller and all the rest of it. That represented a huge line item to the Vatican, to the Catholic Church, them saying, because people, you have to understand, you're looking at an operation when we're talking about illegal aliens. People say, oh, it's just this, this thing, it's just natural flows and it's just natural. And no, it's not. No, it was a major. How much money it cost to move people from here to there. Absolutely. You know who, someone who does get this, by the way, I'll tell you one guy who gets this might not be Rob Prevost, but Lou, on the other hand, a brother, I think he gets this quite well. So maybe we can Steve, maybe we here at the War Room or Human Events Daily confined Lou to go over there and spend some time with his brother and get him right on a few of these issues.

[Steve Bannon]

The politics of it, look on the mass deportations, clearly he's going to be up in our face. But that, let's leave that to the side here in today you have even a lot of traditional saying, you know, two most powerful guys in the world. And the liberals are saying this offsets Trump, you have President Trump, you have an American born pope, Cardinal Prevost or Pope Leo. But they're both dealing with a central issue today. The president sits there, is negotiating one of the most complicated trade deals in history because you're taking essentially 60% of the trading in the world's economy. Two biggest, you know, two biggest economies. What one's, you know, 30 some trillion dollars. The other's high 28 trillion. So you got over $50 trillion of commerce trying to reorganize it. He's sitting there doing it live on television, talking about every detail. Bessen gives a huge press conference, answers every question Trump does. Pope Leo, you got a secret deal with the Chinese Communist Party. First off, the Vatican State, by definition of being part of the San Francisco Charter, to be in the United nations, you cannot have secret deals. Why? That's what led to World War I and World War II. That's where they were outlawed after World War II. They have a secret deal. They're taking money from the Chinese Communist Party. McCarrick did this parallel's up to his neck in it. And folks out there, Paralyn pushed Prevost, don't think it was any block that parallel was going to get it. And Cardinal Burke and all these guys had some big block. There was no blocking of this. This was gun deck. He got there in the third. He got there in the third round. Jack, what does Pope Leo XIV need to do immediately on the Chinese deal to make sure that just like President Trump. Let's see, everything. What do we need to do in this Chinese deal? And here's why the Vatican won't do it and why Paralyn won't do it because they've given the authority to choose bishops to the Chinese Communist Party in the pla. Cardinal Zen told you about that.

[Mike Lindell]

He's the best guy they got.

[Steve Bannon]

He's the one that should be Pope.

[Mike Lindell]

He told you about it. That's.

[Steve Bannon]

And they're taking money from the Chinese Communist Party. This is how they're keeping afloat.

[Jack Posobiec]

Jack POSOBIC Well, Steve, not only are they keeping them afloat, where did they get that idea? Well, they got the idea from the Obama administration and the Bush administration because guess what, boys and girls, that's who bailed us out after the 2008 financial crisis. This is the part, see the Hollywood with the big short and all, they kind of, they kind of skip over a couple of things. Where was it that the US Got all the money for those T bills? Oh, right. It was the Chinese Communist Party that bailed out the Treasury. That's how they could do the bailouts. It was a Chinese bailout of Wall street which became the underwriting of Wall street by the Chinese Communist Party. That's why I call this the elite merger. Not the, not the elite capture. No, it was done free will, it was done saying this is the way to get into the new system. Well, you see the same thing with the vet. Why? Because China is cash heavy right now. They're cash heavy because they're an export economy. Because we go through this every day here in the world that they, they are, they are cash heavy because they're export driven economy. Because they, they send the products out. They don't import that much in other than oil and natural resources. So they are cash heavy. And what do they do with that cash? They go around and you see with Qatar as well and Saudis and all the rest of it, we see, we see all the same in these situations. So when they become cash heavy, then they go and say, oh, we can buy up some debt, we're going to buy up some of that Vatican debt. We just need a couple, three things on the other side. So they went to Francis and said, see, like you got some cash flow issues over here at the Vatican. We can help that out for you. We just want to make sure that. Wait a minute. Because I remember there was a Pope, Steve, and correct me if I'm wrong, but there used to be a pope by the name of John Paul ii. Think I saw his tomb. I was sitting there kneeling with my brother, and we were praying in front of it and thanking him and for all that he did to fight communism in his day as the Pope, when he went behind the Iron Curtain, when he went and led the people of Poland against communism. Are we going to see Pope Leo go to China, Steve? You think we're going to see him go to Beijing? You think, you think we're going to see any of that? Is he going to go to Taiwan? Is he going to go to any of these? Is he going to go to the hinterlands of western China? I don't know. I'd love to see that. But the very first thing, just show us that. Show us the boilerplate. All right, Let us know what the deal was behind the scenes of. Between, between the Vatican and the Chinese Communist Party. Zhongnanhai. So they got the Vatican controls the church. Zhongnanhai controls the prc.

[Steve Bannon]

What Cho and Hai is the residents of where the senior. Where the senior cadre of the Chinese Communist Party. We just got a couple of minutes. You also did an amazing interview in Romania before you came back. Give us an update on Romania election there. We got Poland on Sunday, next Sunday, and we got Romania. Sir, where do we stand with both of them?

[Jack Posobiec]

Yeah, that's the same day. So Romania, this will be the second round of their presidential election to see who gets over 50% for Poland, it'll be the first round of their election. They go to a second round on June. Look, you're seeing the rise of populist nationalism in Romania. Remember, this is the second time they've had a presidential election. It's a do over after the Constitutional Court overturned the original election of Jesko Georges. Go in back in December. What's the difference now? Now you got Trump in play. So you got Trump there, you got Rubio there. And you even had the ambassador and the US State Department as well as JD Vance when he went to Munich saying, we are keeping eyes on what you're doing in Romania. We are not going to allow you to do this again. And I got to tell you, Steve, you know, I sat down to the interview with George Simeon. I know you had had him on the show as well. I mean, this guy, he's walking around and we went out afterwards and to Russia. Everybody's coming up to him, Everybody's taking pictures with him. They're doing. You're seeing videos and songs all over Tik Tok. Just. It's just like we saw with Trump in 2024, where he became this viral sensation. You're seeing the exact same thing in Romania with the nationalist populist candidate. And you're starting, by the way, to see it as well in Poland with Carol. No Rovsky. And what's the, what's the through line of all of this, Steve? What's the through line of all of this between Trump and Bessant and the Pope and Romania and Poland. By the way, Romania and Poland, key supply routes to Ukraine. Those are NATO's two largest borders with Ukraine. So understand, this is all interconnected. What's the through line? Globalism. Globalism is the face of all of this. That's the system we're trying to break, of the corrupt deal, not just between the Vatican and the ccp, but the west and the ccp. That is the underpinning of globalism, the globalist party.

[Steve Bannon]

Davos. Jack, where do people go on social media? Get your interview with the, the Romanian, the future Romanian president and everything you got up there in Rome, which is fantastic. Great coverage.

[Jack Posobiec]

No, thank you. He's absolutely going to win. We're up at Human Events Daily at Apple Podcasts and Spotify. Anywhere. Get your podcasts. And of course, we're up on Ax and Getter. And I'm going to be on, going to be on Piers Morgan a little bit later today talking about the rise of what I call the woke light. These, these liberal globalists trying to censor those of us who, who dare. Who dare to say that we like our country the way it is. Who dare to read. Oh, my gosh. Pat Buchanan. Oh, no. Perish the thought. Yeah, it'll be fun.

[Steve Bannon]

Jack Bosovic, great job on a one to ten scale. Ten being he's there. Is President Trump going to. Is President Trump going to this President Trump right there. President Trump going to Turkey.

[Jack Posobiec]

I give it a five right now because it's Trump. He could go either way. I'd love to see him there, man. I would absolutely love to see. It's Trumpian, I'll tell you that. Short break.

[Steve Bannon]

President Trump goes up the steps right now. Jackson, thank you. We're gonna take a short commercial break. Back in a moment. We will fight till they're all gone.

[Mike Lindell]

We rejoice when there's no more.

[Steve Bannon]

Let's take down the ccp.

[Mike Lindell]

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[Steve Bannon]

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[Mike Lindell]

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[Steve Bannon]

Okay, there's Air Force One getting ready to take off with the president heading to Saudi Arabia. Not the most pleasant trip in the world. You get there in the middle of the, let's see, get there dawn. I got to do the math. Last time it was long and, and you're sleeping on the deck. There's no, there's no accommodations for bed. President's got a cabinet cabin all the way forward. All the way forward is his cabin. And then he's got his office cabin. And then it's where the senior staff sits. And then you've got the conference room where you can have meetings. Very cramped on Air Force One. So there you see it right there. Historic day started in Geneva. Went to the White House. So much going on. We're going to cover this also. We had tons of guests this morning. They're going to move to this afternoon. A lot going on. First off, let's take the three verticals on the kinetic part of the Third World War. Major negotiations going to go in Turkey. President Trump said, hey, I'm in the neighborhood, maybe I dropped by on Thursday, don't know. But we'll cover that this afternoon. Also in Israel, all types of controversy. And there is a sounding of the war toxins on this bombing run in Persia. We're going to get Frank Gaffney. You know, some of the older hands around here are very adamant about this course. We're quite adamant that we haven't put the economic warfare part of this on nearly enough. And, but there are people say, hey, there's a military solution. Of course, we do not think that here in the war room, but many of our colleagues, people we have very high opinions of do. And so I think we're going to try to get Frank Gaffney on, Mike Davis, all types of things. The copyright office person in charge was fired. There's a lot going on in the background of that, a lot on artificial intelligence. Natalie Winters is going to be with us this afternoon. Mike Davis, David's going to be with us this afternoon. The hurtling towards the constitutional crisis. And when I said this with Jason, and Jason said, this is the number one thing with all the budget stuff's going on, all the tax stuff's going on. I'll have that all broken down in the 5 o' clock and 6 o' clock hour. This hurdling towards a constitutional crisis which we are hurtling towards, it must be resolved by the end of June when the Supreme Court leaves for the summer. They're not back to October. This cannot fester over the summer. This issue, particularly about the deportation. Something Else, I believe certain members of Congress should be arrested this afternoon for their activities on this situation up in Newark. The mayor was already arrested. I think Stephen Miller, as we started here on the show with Rogan, o' Hanley and DC Drano, to talk about the suspension of the writ of habeas corpus, like President Lincoln did during the Civil War, that this is something that has to be on the table. I believe that this is going to be even a bigger part of the controversy. I think it's going to become part of the conversation. I know Stephen Miller and the crack team over there. He's deputy White House counsel, chief of staff for policy. I think Stephen and his team are all over this. Remember, Stephen ran America First Law, which is outstanding, did so much of the great work. This is the, this is the convergence of the crises, right? You have the constitutional crisis on the mass deportations and really, President Trump's power under Article 2. The judge in San Francisco on, on Friday said he doesn't have the ability to either cut costs of personnel at 21 separate federal agencies. So the whole Article 2 powers of the president now being challenged by, let's face it, radical Marxist, neo Marxist, a judicial supremacist in the federal judiciary. It's got to be, it's got to be taken care of. They asked me at the Financial Times situation on a Saturday, Saturday night, what happens to the Supreme Court's rules that said, hey, we're going to see at the time, it's that open a question number two, this whole thing about the Connecticut part of the Third World War. President Trump's in the Middle East. It's quite interesting. They're being very upfront about this. They're not talking about really the Abraham Accords being expanded or even the talk about Persia or the talk about Gaza. That's all part of it. But he's there principally to talk about investments, to talk about economic opportunities, which is quite extraordinary. There's this peace conference on Thursday. Of course, the Russians and the Chinese could not have been closer last week in Moscow during the 80th commemoration of victory in Europe from the, from the Russian point of view. So all of that's going on. We're going to be covering all this this afternoon. We're going to have a lot more time. I think President Trump took so long today, which I think is great. He disintermediates the media as he sits there in the Roosevelt Room of the Oval Office, where he can take all the questions. So pretty extraordinary of what's going on. Last but not least the spending. And I said at the financial conference, hey, I got to do the numbers. But right now without in the tax bill, as Jason Miller said, a little light on the details. Kane over at Citizens Free Press. This brother is on fire. Go to Citizens Free Press. He's highlighting in green and in red some of the outrageous things going on. Steve Scalise. We're going to break down Steve Scalise's interview on Squawk Boss today. Completely and totally unacceptable. Scalise shows you the Republican what they're going to do is defend defenders carried interest which is outrageous. No, no, no tax increases for the wealthy. He doesn't know about cuts. There's no way to pay for this. What Scalise and these guys have on the table right now is a $3 trillion deficit in fiscal 26 without gimmicks. It can't be any gimmicks here. And the bond market is going to reject it. The bond market is going to say so. Look at the 10 year treasury right now. We've warned you about this. Our ability to make decisions. It's getting narrower and narrower. It's Scott Besson said first week of August is when he hit the debt ceiling. The Japanese who are going to sign I think a memorandum of understanding on trade deal they said the one the over $1 trillion of UF government securities they own are going to be part of the trade discussion. As it should. That's fine. You want to talk about it? Let's talk about it. First thing you have to do is cut radically cut federal spending. At least so far. I'm pretty. Pretty. I'm glad at least the angle of attack they're taking on Medicaid. Okay, we got Michael and Dell, Mike Lindell on a Monday, brother. I didn't even get a chance to have much warpath coffee. Sell me a set of sheets to.

[Mike Lindell]

Start the week off.

[Steve Bannon]

So I start off on a roll.

[Charlie Kirk]

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[Steve Bannon]

Promo code war room. The most powerful promo code out there. MyPillow.com promo code Warrior. Mike, we'll see you back here in the five to seven hour. Mike Lindell, patriot extraordinaire. Charlie Kirk is next. Two hours of populist nationalism right here in real America's voice. Poso is at 2, Steve Gruber's at 3, Eric Bowling's at 4. We're going to do a hard handoff from Eric Bolling back here to the war room. Five to seven a night. We're going to break down. I want to thank the Warren posse for reaching out to Jason. He did an amazing job today to break down the tariff structure. It's 50%. Don't buy the mainstream media at ain't 10, it's 50. We're going to talk more about that when we're back live.

[Mike Lindell]

5:00Pm Eastern Daylight Time, when you will.

[Steve Bannon]

Be back in the war room.

[Mike Lindell]

You missed the IRS tax deadline. You think it's just going to go away? Well, think again.

[Steve Bannon]

The IRS doesn't mess around and they're applying pressure like we haven't seen in years.

[Mike Lindell]

So if you haven't filed in a.

[Steve Bannon]

While, even if you can't pay, don't wait and don't face the IRS alone.

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