
Episode 4492: Nationalism Continues To Conquer In Romania And Across The Globe...
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Steve Bannon
It's pretty sad that this is what it takes. He should be under investigation for much more serious stuff than this. I don't know what the Justice Department, the FBI, what's the slowdown? I don't know. He's a criminal. He's a. He's a criminal. It doesn't take him playing with seashells to say, oh, we ought to investigate his seashells. He's. He's got much deeper crimes against his country, and particularly President Trump lying to the FISA court. That alone.
Eric Bolling
That alone should land him behind bars. Steve Bannon. Love you, brother.
Steve Bannon
We'll find some other games, Eric. Have a great weekend. Have a great weekend. Make sure you update us on the Diddy trial.
Eric Bolling
Oh, you go to my. Yeah, go to my website. That's. We're covering the Diddy try. I can't say that. Some of the things here on tv, they can say over there. So that's where. That's where that lives. Steve, good to see you.
Steve Bannon
Have a great weekend, my friend. What is your bowling? What? Bowling. What is your website? What's the website, Eric?
Eric Bolling
Bowling.com, eric.
Steve Bannon
I might check it out this weekend.
Eric Bolling
Yes, sir.
Steve Bannon
Brother, thank you so much.
Eric Bolling
You want to catch up on that Diddy? I know. Come on, Bannon.
Steve Bannon
You still rock my world with a thousand. The thousand bottles of baby oil or whatever it is my world, world is rocked the visual Never leave. Deport, deport, Mad Dog, just write this down. Deport, deport, deport. Speaking of a good one, the Supreme Court dropped a Friday afternoon bomb. We're gonna have the Viceroy here in a second. But also the. As we told you, the big, beautiful budget did not get voted out of committee. There's changes. They're going to be working all weekend. Let's go ahead and play a cold open, then we'll bring in the. Mike Davis.
Paula Reid
We have breaking news. A bill full of President Trump's key priorities is facing an uncertain future after Republicans failed to advance it out of committee. And that's despite pressure from the president himself. Several hardliners had announced their opposition, saying they want changes to key elements of the bill, like Medicaid work requirements.
Mike Davis
Listen up.
Steve Bannon
I do not anticipate us coming back to. I've had some questions. I know most of you are trying to get home. Go home. I'll let you know this weekend if we're. We're going to return first thing Monday. I think that's the goal at this point. But just know that the weekend is yours and your favorite. Okay, thank you.
Paula Reid
Well, According to GOP hardliner Texas Congressman Chip Roy, the bill just didn't meet the moment.
Eric Bolling
This bill falls profoundly short. It does not do what we say it does with respect to deficit. We are writing checks we cannot cash and our children are going to pay the price. So I mean, no on this bill unless serious reforms are made today, tomorrow, Sunday. We're having conversations as we speak, but something needs to change or you're not going to get my support.
Paula Reid
So, Jake, how big of a deal is this massive.
Katie
There's no other way to put it. This is the hard line, right, rejecting the centerpiece domestic agenda of the president of the United States, period. And the big problem is, Katie, they are asking, just like Chip boy says, we were writing checks we can't cash. The right is asking for, is making demands that Speaker Johnson cannot agree to.
Steve Bannon
Can't.
Katie
He can't. He cannot because he has a dozen or so, maybe a few less lawmakers who are moderates who are not going to agree to things, just not going to agree to be in line with the hard line. Right. And they've already gone a long way. They are right now they're going to expedite work requirements. They're going to, they're asking for deeper cuts into the ira, the Inflation Reduction act, which was passed under, under Joe Biden and is popular with some Republicans around the country. This is a huge deal because I've wondered on your air and in our newsletter whether there is a sweet spot between the hard line right and the middle of the conference. And right now I don't know the answer to that. I still think they find a way to get it done. The Budget Committee, and we just broke this news, is going to reconvene Sunday night at 10pm that is in order to kind of get the week started early so they can go to the Rules Committee if they have a deal and get it to the floor later in that week. But this is just, it reminds me, I think I said this a couple days ago to you, Katie. It reminds me of the Build Back Better bill. Too big, too many things going on, too much for Congress to, to, to swallow. And again, these are, this is like a tough vote for moderates. This is taking away things from a lot of people. It's just not great politics for a huge swath of the Republican conference.
Paula Reid
Can I just linger on one thing you said a moment ago? They want to cut more from the Inflation Reduction act, which is what came out of the Build Back Better Democrats got on board. It was a lot of Money, a lot of money for some big initiatives. Why are some Republicans against cutting that? What happened or what did they get out of this bill? I seem to remember moments where Republicans who voted against it went back home and touted projects that were funded by this bill as if they voted yes for them.
Katie
Bingo. These projects are up and running in their districts. Companies have made investments around the country based off tax credits and other policy provisions that are, that, you know, are still in law and they don't want to gut them. I mean, it's as simple as that, Katie. And, you know, right now, these tax credits phase out over, over a period of time. They would like them to stop today, you know, or whenever the bill is passed, they'd like them to stop now. And that's just not feasible. And by the way, I'll say this again, and I sound like a broken record. The Senate still has to deal with this bill. And it gets more complicated for the hardliners when it gets to the Senate because a state like West Virginia, which has 700,000 people on Medicaid and has a lot thanks to Joe Manchin of IRA Money around the state, it's going to be very difficult to do the things that these conservatives over here in the House want to do when it gets to the Senate. When you have irregular, you know, more complicated political calculuses.
Paula Reid
We do have breaking news from the Supreme Court as we come on the air. The justices weighing in on President Trump's use of the Alien Enemies Act. Let's get straight to CNN chief legal affairs correspondent Paula Reid. Paula, what are we learning? So, Casey, this is a loss for President Trump, but this is not the final word. We know that he wants to speed up deportations. And as part of that plan, he has invoked the Aliens Enemies act, allows him to proceed with deportations with less review than he would otherwise. Of course, this has set off litigation across the country. And here today, the Supreme Court has blocked the president from moving forward with deportations under this act for a group of immigrants in northern Texas. So he's siding with a group of Venezuelans in Texas who are worried that they were going to be imminently removed under this authority. So he's taking this issue and he's sending it back down to the Fifth Circuit Court of Appeals to decide certain questions, important questions here, particularly about how much notice these individuals received in terms of the process that they are due. This is one of the issues that has come up in a lot of these cases. Now, while this is, again, a significant loss for the president, this is temporary. And this underlying legal fight continues to play out across the country.
Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. You're just not getting a free shot. All these networks lying about the people, the people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA Media I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. War Room here's your host, Stephen k. Banner. Friday 16 May Europe 2025 even as Bolling and I were doing the turnover, the blockbuster news coming out of the Supreme Court was topped. Moody's downgraded United States credit rating on the increase in government debt. We told you this was coming. The bond market is going to get a vote here. Moody's rating slashed the United States credit rating down a notch on Friday, citing the budgetary burden the government faces amid higher interest rates. This one notch downgrade rating reflects the increase over more than a decade in government debt interest payment ratios to levels that are significantly higher than similarly rated sovereigns. The rating said the U.S. i continue to quote the U.S. is running a massive budget deficit as interest costs for treasury debt continue to rise due to a combination of higher interest rates and more debt to finance. Where have you heard this? The fiscal Deficit totaled over $1 trillion to date. 13% higher than a year ago. 13% higher than a year ago. Okay, we're going to get more of that later in the show. Moody's up on a Friday, Friday, Friday afternoon dumps. Now you get a credit rating downgrade which means you're going to pay higher interest rates in these government bonds that you have to sell. This is why this is industry linked with why the conservatives said we got to get our arms around this budget crisis. Mike Davis, what in the hell is going over in the Supreme Court? Make this make sense to me, sir.
Mike Davis
The Supreme Court is doing a Supreme Court punt with this trend Aragua case. Remember four weeks ago on Good Friday, the Supreme Court illegally unconstitutionally issued an injunction against the President of the United States as he's commanding military operations to expel foreign terrorists working with foreign governments trend working with Venezuela along with MS.13 gang bangers and the Supreme Court issued an illegal injunction against the President of the United States without a district courts ruling, without 85th Circuit Appellate Court ruling, without even a Solicitor General brief. And if you read this muddled mess of a decision from the Supreme Court today in this 7 to 2 decision with all three Trump justices joining the three liberal women along with the chief justice. So the four liberal women, you see that they're learning the hard way that being generals, moonlighting as generals is hard work. With Commanding General John Roberts and his six lieutenant generals, they're learning hard ways.
Steve Bannon
Slow down, slow down. We had Alito. He told me. We have Alito and Thomas. Right? We had the two good guys. Everybody else voted seven to two. This is not a close one. Viceroy, Sir.
Mike Davis
Well, it's not a close one, but if you actually look at what they did, it is, it is a punch. Let me read you from Justice Kavanaugh's concurrence because this is important. This is, this is what you call a supreme punt. I understand and agree with the Court's decision to grant a temporary injunction. The injunction simply ensures that the judiciary can decide whether these Venezuelan detainees may be lawfully removed under the Alien Enemies act before they are in fact removed. The underlying legal questions that the courts may need to decide before the removals occur include, number one, whether the Alien Enemies act, as distinct from the ordinary removal process under the Immigration and National Nationality act, authorizes removal of these detainees. And number two, if so, what notice is due before removal? That's from the concurrence in the 72 ruling. And this. And the majority goes out of its way to say the government may remove the name plaintiffs or putative class members under other lawful, lawful authorities. Right. They are trying to get out of this case. They sent it down to the fifth Circuit for the fifth Circuit to decide these issues instead of just deciding it themselves. That got Justice Kavanaugh's criticism. They are trying to get out of this case as quickly as they can. So this is going to go down to the fifth Circuit for the fifth Circuit to figure out whether Trump can boot these, these trend Naragua terrorists under the Alien Enemies act, which they clearly can. And then number two, how much notice is due? Can he do it in 24 hours or do the, did the, does the Supreme Court. They need to take off their general uniforms and put on their senator suits and figure out how they're going to, how they're going to rewrite the Alien Enemies act. From the bench. Is it going to be 3 days, 21 days? At the end of the day, the Supreme Court's going to punt on this.
Steve Bannon
What do you mean? Should Trump continue to send people out of the country or is this, is this freeze means he's going to stop and go full stop until this goes back to the 5th Circuit and works his way back up? In other words, we're not going to be shipping any bad guys out of here.
Mike Davis
No, you can, you can. What it means is that Trump can't expel foreign terrorists who have invaded our country under the Alien Enemies act somehow, until the fifth Circuit decides this on an expedited basis. And then the seven ladies on the Supreme Court take off their general uniforms, put away their legislative pens and put on their big boy pants and actually decide this case on the merits. I, I know that, you know, being a general is tough, being a legislator is tough, but maybe they can just go back to old fashioned judging and do their job and get this resolved. They should have done it now, but they don't have the courage to do it now. They want to punt to the fifth Circuit so the fifth Circuit can do their dirty work. I imagine the fifth Circuit's going to say, okay, our seven ladies are seven women bosses on the Supreme Court think we need to have notice here. So they're going to come up with an arbitrary number. 3 days, 7 days, 14 days, 21 days.
Dr. Kim
What?
Mike Davis
However many days it takes to get 5 votes on the Supreme Court. Supreme Court from the, from the, from the seven women, and then that's going to resolve this case.
Steve Bannon
Hang on one second, can you. I know you got a punt, but I just need to hold you briefly on the side. Two blockbusters, a downgrade to US debt and the Supreme Court blocking the Commander in chief, all on a Friday afternoon in May. 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 in Rio. The real reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality. Learn if diversifying your savings into gold is right for you. Birch Gold Group can help you move your hard earned savings into a tax sheltered IRA and precious metals claim. Your free info kit on gold by texting my name Bannon. That's B A N N O N to 989-898 with an A plus rating with the Better Business Bureau. And tens of thousands of happy customers led Birchgold army with a free no obligation info kit on owning gold before July and the Rio reset. Text Bannon B A N N O N to 9898. 98. Do it today. That's the Rio reset. Text Bannon at 989-898 and do it today.
Dr. Kim
War Room.
Steve Bannon
Here's your host, Stephen K. Ban. I think we're getting a little turbulence. Government. Our government securities got downgraded. One downgrade by Moody's. Guess we'll be looking at S and P on Monday. We're going to play a clip at the bottom of the hour. Another bombshell. The Supreme Court's not having President Trump's back on the deportation of the worst of the worst. How you think it's going to play for the 10 million? Told you this was coming. Told you both of them were coming, folks. These are the institutions. Unbelievable. Mike Davis, are you coming more my way? Come on, brother. DC Draynor and I have laid out President Lincoln's thing. Are you coming more my way? On let's just suspend the writ of habeas corpus and get on with it, sir.
Mike Davis
Well, I'll tell you what I think is going to happen in this case, because the seven ladies on the Supreme Court didn't have the courage to decide the merits of the Alien Enemies act, so they punted it down to the adults on the 5th Circuit. You're going to have the adults on the 5th Circuit based in Texas make a ruling that, yes, the president can use the Alien Enemies act to expel these designated foreign terrorists, Trend along with Ms. 13 vicious international gang bangers. And then it's going to come down to what arbitrary number the 5th Circuit comes up with on the number of days that the Trump administration has to detain these people and give them notice before he can expel them from our country. And so it should be zero days because it's not part of the statute, it's not part of the Alien Enemies Act. I can't imagine that, you know, if you have an invading army, that you have to hold them, hold them prisoner and get the court's permission before the commander in chief can expel an invading army. But, you know, we're not dealing with justices.
Steve Bannon
The precedent the president depends upon her looks to you for a lot of guidance. What's your recommendation tonight, when he gets off the plane at midnight after sorting out the mess in the Middle East. Now, he's got to come back to this. A downgrade on federal, on U.S. debt, Supreme Court, that 7 to 2 doesn't have his back, including all three guys he appointed. He's going to be in a lovely mood because I told you that's not a pleasant flight back. He's getting in at midnight. What's your advice? Because he's going to give you a call. What are you going to tell him at midnight, sir?
Mike Davis
Well, what's going to happen is this is going to get sent down to the Fifth Circuit. The Fifth Circuit's going to largely side with President Trump. They're going to make up some arbitrary number to, you know, 7 days, 14 days, 21 days of notice to appease the Supreme Court justices, give them time to change their tampons, and then this thing is going to resolve itself. So I would say to the president, just, just let's go through this process down to the expedited, expedited process down to the Fifth Circuit. Let the adults on the Fifth Circuit rule the way they're supposed to rule. You know, at the end of the day, I would say to these Trump justices, if you are deciding a case and you see Justice Thomas and Justice Alito on one side, and you see Justice Kagan and Justice Jackson and Justice Sotomayor and the Chief Justice, John Roberts on the other side, and you go with the liberal camp, you're, you're absolutely wrong every time. You were wrong four weeks ago on Good Friday when you issued this lawless injunction against the President of the United States without a district court ruling, without a, an appellate court ruling. Well, not a Solicitor General brief. Just admit that you're wrong here, have the modesty to admit you're wrong instead of punching this to the Fifth Circuit and letting the big boys on the Fifth Circuit clean up your work because you're too cowardly to do it.
Steve Bannon
Okay, brother. Article 3. Where do people go in your social media over the weekend? This is going to be a hot one, I can tell.
Mike Davis
Yeah. Article3project.org Article number three project. Org. You can follow us on social media. You can donate only what you can afford and take action. Here's the last thing. Steve. Trump's going to pick more bold and fearless justices this time. People from the 5th Circuit who are bold and fearless.
Steve Bannon
Amen. Like to hear that. We got a fight on our hands now. Thank you. This is the constitutional crisis. We're hurtling towards folks. Told you this was coming. Just like this turning of the earth. Same with this downgrade because we got too much debt and no plan to cut it. Mike, thank you so much. Explosive on a Friday, late in a Friday. Dave Brat's gonna join me. He's getting his camera set up. I want to go to George Simeon. George, we're moments away from you being able to not campaign anymore because you have a day of silence prior to the Sunday vote. Where do we stand as you wrap up your campaign, sir?
George Simeon
Yes, it's over midnight here. At the next. The next hour, we won't be able to campaign. So I'm using every minute, every second. We are winning this, it will be a landslide. The only problem we are having is with the Macron interference, the French interference, they ordered the Romanians in the Republic of Moldova, the government there, to bring as many people with Romanian citizenship as possible. So now they are voting three times they ever voted ever in. In their history. But it's only 50,000 votes. If they will only fraud with 50,000 votes, there's no chance in hell they will win. Hopefully the dead people will not rise from the dead and we will not see them voting. We have about 100,000 people watching, observing from our side, all polling stations. We are very careful. The voting process started early this morning when I was in France, in London, in Washington, in New York, in Paris. The Romanians abroad can already vote. We here in Romania, we are starting the voting process at 7 o' clock in the morning on Sunday. So basically, it will be a landslide if no, no frauds occ. We take very serious the threats of our interim prime minister, which is also the Ministry of Internal affairs, who ordered the police and some special services. They have to check our phones to enter in our messages. They will not find anything there except clean campaign that is taking the Romanian voice and is making the will of the people become. Become law. We will have the presidency and we will have the next government in Romania. And starting with Romania, we will win in Poland and other important EU countries.
Steve Bannon
Why is Macron taken such a special interest in this? I mean, he's like, he's more active than your opposition in Romania. Why is that, sir?
George Simeon
Yes. Actually, Macron came up today to the Romanian media and said he's supporting my opponent, the mayor of Bucharest. They want to bash the Trump administration. They want to meddle with our elections in order to avoid having a MAGA president in Romania, because this will turn into a wave of victories for Donald Trump in Europe. So this is one Reason? The second reason is that I am representing Romania in the European Council and again with Viktor Orban, with Robert Fiko of Slovakia, with the future government in Poland and with Giorgia Meloni. We will veto many of their crazy proposals and the era of the globalist will in Europe will end. I see Barack Obama is also going to Polish elections and is campaigning for the other guy, the mayor of Warsaw. I was there to support our Maga guy, Karl Novrotsky.
Steve Bannon
I know your social media has got to be quiet tomorrow, but people are going to pick it up early Sunday morning. Where do people go to follow you when you're back online, sir?
George Simeon
So on X you can find me for the international audience, Georgi Simeon. It appears on your screen. And the most popular social media NETWORKS In Romania, 1,000,000 and a half and 1,600,000 followers are TikTok and Facebook. You can find the latest in Romanian on Facebook and on TikTok. Georges Simeon and for the international audience, this X account you are seeing right now.
Steve Bannon
George, you've got the entire Maga movement here in the United States pulling for you, sharing your clips, being a force multivar. So go with God. You've got a lot of people in back of you, sir. And the remaining sovereignty movement in Romania should know that we got your back.
George Simeon
Thank you. God help us. And Sunday you will rejoice you can have parties there in the States because we are winning this one.
Steve Bannon
Thank you sir. You're a brave individual and that's what it takes. George Simeon put in a very tough spot. They stole the election that these guys won what, six months ago, the EU and look at Macron these globalists added Davos can't help themselves. They're there in Barack Obama. We had pesobic on today. Want to thank all our folks in Poland that got that to me had a big, you know, one of these big investment conferences where all the big shots come and tech and sure by this is the future, it's going to be great. Barack Obama paid him a million bucks to go over there, stick his nose in that. These people are adamant. They hate Orban, they hate the sovereignty movement in Poland, they hate George Simeon and everybody related to the sovereignty movement in Romania and they understand that's the frontline nations regarding Ukraine, you know, they're trying to put Le Pen in jail, they're trying to put Bolsonaro in prison, they're trying to put Trump in. Hey, this is my thing about Comey and the seashells. Come on man. Where's the investigation of this guy from the very beginning. Where's the Comey? Comey? I can name a dozen crimes of Comey in the FBI under Comey. Where is the investigation of that? Don't give me the seashell. Seashells come late. Yeah, seashells you should be investigating, no doubt. But that's the problem this deep. States running the deal. Look at who they've gone after. The Le Pen, they're going up to Bolsonaro. They've gone to Alternative for Deutschland. They stole the election in Romania. They tried to put Trump in prison for 700 years. Ridiculous. A lot of news on a Friday afternoon. We told you, the Supreme Court told Trump. Yeah, well, you're not really Commander in Chief. We got a couple ideas about that. We have a. We have a few notes we want to give you and what you're doing. No, no, no notes. President Trump. I think we're coming to the point. I realize other people have other recommendations. I think we're coming to the point that Lincoln came to his chief Justice. Just saying. Habeas corpus. Maybe not. Short break. Health isn't just a personal issue. It's a family issue, a community issue. We're living in unpredictable times. Supply chains can break down, hospitals can get overwhelmed. And let's not even start on the natural disasters. These aren't hypotheticals. They're happening. You see it here in the war room, and we all know it. The question is simply, are you ready? That's where Jace comes in. This isn't just a kit. This is a Jace case. It's a lifeline. It's a personal supply of prescribed emergency medications that puts the power back in your hands. Whether it's an unexpected illness or a global disruption of supply chains, you can act fast and protect yourself and your loved ones. This February, show them you care in a way that really matters. Be prepared. Get the Jace case today so you'll have the right meds on hand the moment you need them. Visit jacemedical.com and use the code Bannon B A N, N, O N At checkout for a discount on your order. That's jacemedical.com promo code Bannon. Get the Jace case and do it today.
Paula Reid
To you about a headline that crossed in just the past half hour. So we learned that the US Last Triple A rating is gone. Moody's has downgraded the US to a double A1 from a triple A. The outlook is stable. What does that mean, if anything, to you, Peter?
Peter
So. So Moody's is following s and P 14 years later, obviously Fitch did it as well. I don't necessarily think that there is much of it. Treasuries are still dealing though with the fundamental factor of less foreign demand for them. And the growing size of the pile of debt that needs to be constantly refinanced is not going to change. But it is symbolic in the sense of here's a major rating agency that's calling out the US's strained debts and deficits and I don't know if that's enough to sort of change the negotiations currently right now in Washington. I think more impactful would be if the 10 year yield really started to spike. Sort of like what we saw in the UK a couple of years ago. But I don't think we should ignore it. But on the other hand, I don't know how much of an impact it's going to have on the actual levels right now in the 10 year, for example, with that being the benchmark.
Steve Bannon
He's 100% correct about the 10 year. We continue to watch it, although it has been a mini spike. Folks. You'll notice in your credit card now when he said the buried lead. I'm gonna give you a buried lead. Ready? Less foreign demand. Okay? That means, that means the Fed's gonna be making up the hocus pocus. We're buying it ourselves. Today also announced. I didn't get a chance to talk about this. Correct me if I'm wrong. My young charge who thinks he's a financial thinks he's the young J.P. morgan. Today I think it was announced that the United Kingdom is now the second largest holder of US government bonds in back of Japan. I think the Chinese have been, how do you say, offloading a couple of three. I think at nearly $800 billion, right under a trillion dollars, that the UK is now the second lowest. The buried lead right there. Less foreign demand. This is the whole thing about the budget deficit, you know, that we're going to talk about Bratz just out of hair and makeup. He's going to be with us in a moment. Burch Gold. Take your phone out. Text Bannon. B A N N O N 989-898. What do you get? You get the ultimate free guide to investing in gold and precious metals in the age of Trump. Learn yourself up on that. Also go the Rio reset. They're going to be licking their chops now. They're saying look at these downgrades they made licking their chops in Rio July 6th. We're covering this thing wall to wall. The road to Rio. The bad Guys, that would be the criminal gang in Beijing all over us on how to get off of the dollar as the prime reserve currency. Not that we don't have to have a national debate for that, but you can't do that overnight. Dave Brat, the Budget Committee votes this thing down. They're now going to meet 10 o' clock on Sunday. I'm here to announce that the great Chip Roy, I think is going to be with us tomorrow morning to start the show to talk about this, about talking about real cuts. My wingman is going to be Dave Brat. He'll even be better out hair and makeup on a Saturday morning. Dave, what do you got for us? What does it signal that you've got the Budget Committee because you got the budget deficit hawk saying this, these cuts are not nearly significant enough. Then you get Moody's later in the day giving you a downgrade. First time in 14 years, or 14 years, I should say, after I think S and P did it.
Dave Brat
Yeah, well, the heroes on the Budget Committee are doing the right thing. Moody's, they didn't downgrade US after the 0708 financial crisis is it takes the Trump derangement syndrome for them to weigh in. And the 10 year. You've been right on this. You've been right on this and now it's come and do. The CNBC reported it first. It popped up with them and you know, they, so okay, you brilliant analysts, what's the right call then? Is the House Budget Committee, the members that are holding strong for cuts, are they the good guys? What are you saying? They don't say anything. They're silent. And at the end they cannot restrain themselves. They bring up the tariffs for no apparent reason. We went over that big lie yesterday, right? The, the, the blip is gone, right? The markets are actually up. And so Moody's 14 years later is finally, you know, decided to say, oh, we got a problem with the debt. And we've been on it all day on the war room this morning. The show. There's no sign at all that we're going to be below a $2 trillion deficit. In fact, all signs point higher.
Steve Bannon
Hang on.
Dave Brat
The Wall Street Journal Kim Strassel shows the spending is going up.
Steve Bannon
Hang on, hang on. I want you to suck on this for a moment. This is the great Russ vote. Russia's put this out. Critics have attacked the House's one big beautiful reconciliation bill on fiscal grounds, but I think they are profoundly wrong. It is truly historic. As a nation, we have had no spending cut victories of any consequence. In nearly 30 years. In 1997, the budget, the balanced budget agreement included roughly 800 billion in mandatory savings, adjusted for inflation. The current House bill includes $1.6 trillion in savings. These are not gimmicks, but real reforms that lower spending, improve the programs. The bill satisfies the very red line test that House fiscal hawks laid out a few weeks that stated that the cost of any tax cut could be paid for with 2.5 trillion in assumed economic growth, but the rest had to be covered from savings from reform. This bill exceeds that test by nearly $100 billion. So after nothing happened for decades, the House bill provides a historic 1.6 trillion in mandatory savings with a 3 seat majority. 36 trillion in debt is not solved overnight. It is solved by advancing and securing victories at a scale that over time gives a fighting shot to addressing the problem. The House's one big beautiful bill deserves passage for many reasons. Tax cuts, border security funding, eliminating the green New Deal, work requirements to end dependency. But it should not be lost on anyone. The degree to which it ends decades of fiscal futility and gets us winning again. It deserves the vote of every member of Congress. As you know, Russ Vogt, one of our contributors here and a great man. Your response, day brat.
Dave Brat
Well, I hate to argue with the great Russ vote, but he's wrong on the big green New Deal. We went over that in detail this morning. Politico lays it all out. We got six senators hanging on to all of the green initiatives and they don't go in place for six years. And so Russ may be technically correct. He's a Christian guy, he doesn't lie. But he's correct over a 10 year time frame. And that time frame is irrelevant.
Steve Bannon
Every trick in the books being used. Slow down. Yeah, slow down. Yeah. I want to get this in the audience's mind for tomorrow morning, which we'll get into detail. Maybe we'll get Russ on right after Chip. Yeah, I think that there's two kind of camps. Russ is looking at mandatory cuts and this is why he wants to get the top up for the, for the defense. So you get that off so it doesn't come back every year. Russ is looking at structural, the way to get mandatories down and do it over a period of time. So you at least get on a glide slope indicator to start getting there, I believe, and prepare to trade off short term. Like getting rid of the whole green New Deal right away, making sure the mandatory requirements are not 29. But here we on the other hand, I think you're in this camp, Brad, are saying, hey, we hear that that is good and a noble cause and you are going to get some wins. However, the central part of the argument here is what Moody's is talking about. We are spending so far out of control with spending right now that we should just look at fiscal 26 and maybe 27. And because we're going to have a $2 trillion deficit this year, because we didn't blow out Biden's thing, we kind of burdened President Trump with that. This right here and you're, you know, assuming some growth rates, you're still at a $2 trillion deficit. Is that the kind of tension here between people say, no, we have to have massive cuts now and just going to have to bang through the politics versus those like Russ that are working on major and fundamental mandatory structural reforms that he's, I agree with him, that haven't been done in 20 or 30 years. And this is why I keep saying, folks, the farther we get down here, our range of alternatives are getting narrower and narrower. And now with the 10 year treasury at right under 4.5%, you got to look at the bond market because they're going to get a vote on Monday. All weekend they're going to be talking and on Monday they're going to have an attitude adjustment because of the Moody's. Is that the two, is that the two things we're dealing with here, those who want to cut massively now versus those looking for structural changes? Sir?
Dave Brat
Well, you're being far more Christian and diplomatic than I would be on this point. I would say there are two camps and it's the camps. It's political. It's are we going to do better than this and do we just need to plug our nose because we can't take it and vote for this thing, or do we think we can do better on this bill in the short run and make major improvements? The 1.6 trillion he listed, Strauss so went over the moderates have eviscerated the 1.6 trillion in spending there.
Steve Bannon
Right.
Dave Brat
I went over it this morning. The 17 bill ahead of $1.5 trillion getting rid of deductions. Now we've added a trillion in deductions for every special group under the sun. And so for me, that's the choice. And I think we can do better. And I think President Trump, if you the key point I forgot to make this morning is Trump's legacy also is at stake here. If he knows what's going on here and that all of his gains are going to be wiped out in four or five years.
Steve Bannon
Right.
Dave Brat
We're giving all the good stuff away right now. And then in five years the reforms all kick in, the medicine kicks in and we're not looking so hot. And so, you know, I don't know when Russ made the comments, but I think it's just political. Do you pinch your nose in order to get the tax cuts through and they will provide some economic growth. We absolutely have to have the tax cuts.
Mike Davis
Right.
Dave Brat
You cannot go forward. And the debate is the nature of those tax cuts. Who do they go to? Are they supply side? Are they going just to the covered interest crew or they go into the middle class and the, and the capital piece.
Steve Bannon
That's.
Dave Brat
I want to see it all going to capital.
Eric Bolling
Okay.
Steve Bannon
I thank you for changing your day to come on to deal with this downgrade. I will see you back here tomorrow. I think we're gonna try to get Russ on chip a couple of people dealing with this thing. Nothing could be more important for the direction of the country than that thing we talked about in the middle, the economic model and the financing of it. Dave, Brett, where do people go? And you're gonna bring charts tomorrow. He's just not gonna come as a preface. Yeah. Not just.
Dave Brat
Real time numbers.
Steve Bannon
Right.
Dave Brat
So the American people can make their choice.
Steve Bannon
Wow. Okay, brother. See you tomorrow day. Brad, by the way, where's your social media? Where do people. Where do people go?
Dave Brat
Yeah, Brad. Economics on Getter and on X.
Steve Bannon
Thank you, brother. Appreciate you. You bet. Folks, you better appreciate War room where you got it. There is a massive thunderstorm coming off the Potomac that is like thunder and lightning right over top of us here on Capitol Hill. So if we go dark, it's, it's not because we got the plug pulled, it's because of the storm. But we're going to hang in there. We got Dr. Kim coming up next. This is why the Friday show you always got to be on top of things because these dump, these Friday night dumps and now two huge, huge developments. The Supreme Court, as we told you, they're not going to have his back. They're not going to have his back. We are hurdling. And Hammer said it today, Josh, I think laid it out. Josh, Hammer said, hey, Steve, we're not hurdling towards a constitutional crisis. We're in a constitutional crisis. And Hammer basically called what was going to happen. They're not going to have his back now. They're going to send him back to the fifth Circuit at the same time you have all these enemy terrorists and bad guys and criminals. This is all to make sure the 10 million never get deported. What the hell you think you want to do on the 10 million when it comes to that? This is a strategy in back of a judicial coup. They have nothing on the political side right now that Rachel Maddows retired again. They got nothing on the media side. They literally have nothing. Nothing they do gets any traction. You don't see any big rallies anymore. What they have is a black robe insurrection. And on top of this we get a, we get a downgrade and a warning shot that we got to get. And I want to give a hat tip to Citizen Kane. Kane is fantastic. Citizens Free Press make that if you're not, if you don't go there a couple times a day, go to the stack. What does he got on top of the stack right now? He's ripping on it because he did call this vertical. Get up to speed. Understand what's going on. The seven free installments. If you go back to the first first that we started four years ago and read all the way to the current, you'll have more knowledge. These guys on Capitol Hill, birchgold.com ban and end of the dollar empire. Get it and read it this weekend. Short break. There's something happening with our farmland here in the United States that isn't getting enough attention. The Chinese have been buying up hundreds of thousands of acres of U.S. farmland. They're also taking control over critical supply chains. Things like fertilizer, animal feed and farming equipment. Why? It's not clear. They're tightening their grip on global food production. That is clear. And if things go south and it could happen quickly, we need to be ready. That's why I trust my Patriot supply. They're America's largest emergency preparedness company. And right now when you get there, four week emergency food supply, you'll get a free 4, 247 food kits, an extra 12 days of food, absolutely free. Okay, Full stop. You're have to insert this, okay? And right now when you get their four week emergency food supply, you'll get four free 72 hour food kits, an extra 12 days of food, absolutely free. Let me repeat that. You're going to get free four free 72 hour food kits. That's an extra 12 days of food and it's absolutely free. That's four weeks of delicious meals that last up to 25 years delivering 2,000 plus calories per day. It shipped fast and it's shipped free. We can't control what the Chinese Communist party does. You can't control what China does. But we can control how prepared we are. Go to my patriotsupply.com today to claim your 12 days of free food shop mypatriotsupply.com mypatriotsupply.com do it today. Do not let this thing get ahead of you. Here's your host, Stephen K. Ban. We gave the thunderstorm stink eye and it went away. Man, that was a bad one. These things in D.C. get very intense. I wish Capitol Hill had the intensity of the thunderstorms. They got to get to work. So tomorrow and get we got Chip Roy, Brad's gonna be back with me. I'm gonna get a couple other people from work tonight. I'm gonna try to get, I'm gonna try to get the great Russ vote a bunch of articles up in the Guardian and Vanity Fair, great profiles of Russ, the work he's been doing. And like Citizen Kane said, this is a call shout. We've been talking about this for a while. You got to get control of spending. We don't have a revenue problem. We got a spending problem. And we have to get real about it. Not just the structural things of the long term. You got to get real for fiscal year 26. We kick the can down the road for 25 and guess what, we're going to get a $2 trillion deficit for that. And that's all have to be financed. Besson's got to sell all these bonds. Don't think the 10 years just going to sit there until they see the growth rate, a real growth rate start to kick in. And I think that the new trade relationships is going to do that. But it's going to take a while to kick in there. President Trump's trying to do both, trying to do both sides of the equation. And in the Moody's downgrade they don't mention tariffs are trading to the last little paragraph they sentence they had to stick it in. It was about inability to get our arms around the debt and deficit and hat tip to Citizen Kane. And this is why you want to get up to speed on this. The best I tell you if people come to me just go to birchgold.com Bennett Enter the Dollar Empire. It's seven free installments, all free. If you read that, you will be at the backyard barbecue. The go to person they'll be saying how did you know that? Wow, that's amazing because we wrote it for accessibility for our audience. It's now taught in college finance classes. Right? Dr. Kim. Heck of a week here So I rave about Field of Greens. It gets me all my fruits and vegetables. The daily intake I do every day. Plus it's real organic superfood. It's not like the other brands that are not actually organic. Tell me what the difference is.
Dr. Kim
Thanks again, David. Appreciate it. We created this product with organic, real foods. We stayed away from extracts, wanted to get servings of fruits and vegetables and eat scoop. And we added stuff that was going to help you with digestion, gut, health, metabolism. I don't know about you, but when I take this in the morning, it just gives me an instant jolt in the morning without having any caffeine. That's been great. Where, you know. Anyway, go ahead.
Steve Bannon
No, no, it's big. I take it, by the way. I take it first and I. Then I pound down my warpath coffee. I'm jacked. I'm ready to go. Five o' clock, boom. I'm.
Dr. Kim
It's like the koolaid. Yeah, I love it. So we've been doing that and then, you know, the whole premise behind all of this is always creating a, what I call a, the Brick House way, which is just a new lifestyle, which I think people are not appreciating, is that the dedication, the discipline, and the constant reminder to be living a healthy lifestyle. And I think sometimes you need something in the cupboard to remind you of that, right? So you have this big bottle of Brick House, Field of Greens that reminds you, hey, look, we need to take this and live a healthy lifestyle. And then on top of that, what we've done was we transitioned into a product like Lean. And you know, if you're looking to cut some weight, trying to stay in shape and you need a little pick me up in the morning, Lean adds that for you. So we've created another fat burning weight loss product. And if you're trying to create a new healthy lifestyle for yourself, there's no better reminder about the Brick House way at like Field of Greens and Lean right now.
Steve Bannon
Why, why is Lean. Why are Lean and this probably fat burning? Because you see all these people talking about Ozempic and all these exotic drugs they're taking that are really for diabetes, whatever. Why is Lean the way to go?
Dr. Kim
You know, we don't know what though the side effects long term will be with Ozempic and other things. And with Lean, we've put together a lot of ingredients that have been studied that people have been taking for centuries and we've added them. So things that help you burn your stored fat, stuff that gives you energy in the Morning to pick up your basal metabolic rate. The other ones are also to help you kind of feel a little bit more full. So this product has done a lot and wonders for a lot of people, and we love it that way, that it's created naturally with herbs. And then as you're reminded of that, you're reminded, okay, let's keep the rest of the healthy lifestyle moving. Keep the brick out way. So it's the field of greens. We're starting to add new products, Steve, just for everybody, which is we're adding a protein that's coming out that's sustainable. We're adding a couple other things for lean body mass build. So we're adding onto this theme of building a healthier lifestyle for yourself as well as the future generations.
Steve Bannon
I love that. The Brickhouse way. Some of the Brickhouse way up. You got 30 seconds. Tell me, what is the Brick House way to lead a healthy lifestyle?
Dr. Kim
The Brick House way, it's to look every single day is to make sure that you're creating good habits, eating healthy, moving, exercising, and really getting out there and just keeping something stable for yourself so you could teach yourself as well as the future generations what it's like to live a healthy lifestyle. And we've got products for everybody to take. And really to just keep that and create a solid foundation for yourself moving forward.
Steve Bannon
And you get a big discount. You put in worm. Where do people go right now to find out about the Brickhouse weight Lean field of greens? All of it, sir.
Dr. Kim
Yeah. So brickhouse nutrition.com, also fieldofgreens.com and right now, the code for all the Bannon listeners is Bannon20. And then you can also find lean on getlean.com so there's all sorts of ways that it'll funnel you back to us, but brickhouse nutrition.com Bannon 20 get 20% off your order.
Steve Bannon
Plenty of touch points. Dr. Kim, thank you so much. Audience loves you because you're so.
Dr. Kim
Thank you so much.
Steve Bannon
Appreciate it. Enthusiastic about this. You've done so much work. Your team is absolutely fantastic. Love you guys.
Dr. Kim
Thank you.
Steve Bannon
The brick house way. Dr. Kim and his team get healthy. Taking field of greens. You take that shot in the morning, add a little warpath coffee. You know, do the field of greens in your water, your juice, and then do a warpath coffee. Boom, you'll be ready for it. Boom, you'll be ready for it. That's how we do it here in the boardroom. This is how you go full gonzo. Told you about the Supreme Court Told you about the debt and deficits, right? We're going to now work through this on the Supreme Court. President Trump, suspend the writ of habeas corpus, start putting them on planes tomorrow and getting the hell out of the country. How about that? Suck on that Supreme Court and have these people do some real cuts over the weekend and get back to you might Mike Lindell. We're gonna, we're gonna end on a Friday. Run through the tape. Sell me some sheets, brother.
Eric Bolling
Well everybody, like Steve just said, you get a set of sheets and boom, you're sleeping great. These are but all good theme sheets for 49.98 any size, any color. We might have some left for the war room posse weekend warriors, but I can't guarantee that. But right now they're all there. 40, 29.98, any size, any color. Promo code, war room. Also any you guys, if you go to the website, you got the crosses like I wear men's and women's. Go to the website. Scroll down. Do you see Stephen clip and click on them and you're going to see the crosses. 50 off. This is going away today. So you guys get them while you can that you made in the USA Today. So you guys get them while you can that you made in the USA reversible for the women's and the men's. And you got call at 1-800-873-1062. Get the Giza sheets before they're gone, you guys. 49.98 and it's been an amazing sale but you guys were great taking care of the, taking care of my employees and my employee owned company. Well, Steve, you guys are awesome.
Steve Bannon
Morning. We're gonna, we'll see you tomorrow morning. Turn it over to Natalie for the six you missed the IRS tax deadline. You think it's just going to go away? Well, think again. The IRS doesn't mess around and they're applying pressure like we haven't seen in years. So if you haven't filed in a while, even if you can't pay, don't wait and don't face the IRS alone. You need the trusted experts by your side. Tax Network usa. Tax Network USA isn't like other tax relief companies. They have an edge. A preferred direct line to the irs. They know which agents to talk to and which ones to avoid. They use smart, aggressive strategies to settle your tax problems quickly and in your favor. Whether you owe $10,000 or $10 million, Tax Network USA has helped resolve over $1 billion in tax debt. And they can help you too. Don't wait on this. It's only going to get worse. Call Tax Network USA right now. It's free. Talk with one of their strategists and put your IRS troubles behind you. Put it behind you today. Call Tax Network USA at 1-800-958-1000, that's 800-958-1000 or visit Tax Network USA tnusa.com Bannon do it today. Do not let this thing get ahead of you. Do it today.
Jace
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 out 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.
Summary of Episode 4492: Nationalism Continues To Conquer In Romania And Across The Globe
Podcast Information:
1. US Legislative Developments: Budget Bill Stalled
The episode opens with Steve Bannon expressing frustration over the slow progress of a significant budget bill aimed at fulfilling President Trump's key priorities. The bill, despite its comprehensive nature, was not advanced out of committee due to internal Republican divisions.
Paula Reid highlights the setback, noting that the bill faced opposition from Republican hardliners who demanded changes, particularly concerning Medicaid work requirements.
Mike Davis adds depth to the discussion, emphasizing the challenge of bridging the gap between hardline conservatives and moderate Republicans within the party.
Katie, another contributor, echoes the sentiment, pointing out the difficulties Speaker Johnson faces in satisfying both factions.
2. Supreme Court Blocks Alien Enemies Act Implementation
A significant portion of the episode is dedicated to the Supreme Court's recent decision to block President Trump's use of the Alien Enemies Act to expedite deportations of certain immigrants, primarily from Venezuela.
Steve Bannon criticizes the Supreme Court's decision, portraying it as part of a broader resistance against Trump's policies.
Mike Davis delves into the implications of the Court's decision, suggesting it reflects a lack of support within the judiciary for the administration's actions.
He further criticizes the justices for what he perceives as reluctance to make decisive rulings, pushing the matter down to the Fifth Circuit Court of Appeals.
3. US Credit Rating Downgrade by Moody's
Another critical development discussed is Moody's downgrade of the United States' credit rating from Triple A to Double A1, citing increasing government debt and higher interest rates.
Paula Reid seeks expert insight into this downgrade, questioning its significance.
Peter responds by acknowledging the symbolic nature of the downgrade but questions its immediate impact on the bond market.
Steve Bannon expands on this, linking the downgrade to reduced foreign demand for US Treasury bonds and the implications for the Federal Reserve's policies.
4. BRICS Summit and the Global Shift from the US Dollar
Steve Bannon highlights the upcoming BRICS summit in Rio de Janeiro, where emerging superpowers aim to challenge the US dollar's dominance as the global reserve currency.
He warns of a gradual decline in the dollar's value as global demand shifts, urging listeners to consider diversifying their savings.
5. Interview with George Simeon on Romanian Elections
A prominent segment features an interview with George Simeon, a candidate in Romania's elections, discussing allegations of foreign interference and the implications for nationalism both in Romania and globally.
Simeon claims that external forces, particularly from France and other EU nations, are attempting to influence Romanian elections to prevent a nationalist victory.
Steve Bannon underscores the significance of these developments, linking them to a broader global trend against nationalist movements.
6. Conclusion: Navigating Political and Economic Challenges
As the episode nears its end, Steve Bannon synthesizes the discussed topics, emphasizing the intertwined nature of political turmoil, judicial decisions, and economic challenges facing the United States.
The episode concludes with a recap of the major issues: the Supreme Court's stance on immigration policies, the credit rating downgrade, and the strategic moves by BRICS nations to undermine the US dollar's supremacy.
Notable Quotes:
Steve Bannon [00:00]: "He's a criminal. He's got much deeper crimes against his country, and particularly President Trump lying to the FISA court."
Eric Bolling [00:23]: "That alone should land him behind bars."
Mike Davis [09:42]: "The Supreme Court is doing a Supreme Court punt with this trend Aragua case."
Paula Reid [06:06]: "The Supreme Court has blocked the president from moving forward with deportations under this act for a group of immigrants in northern Texas."
Peter [29:49]: "Moody's is following S and P 14 years later... More impactful would be if the 10-year yield really started to spike."
George Simeon [23:36]: "Macron... wants to bash the Trump administration. They want to meddle with our elections in order to avoid having a MAGA president in Romania."
Conclusion:
Episode 4492 of Bannon's War Room navigates through a series of pivotal events impacting both the United States and the global political landscape. From internal legislative struggles and judicial challenges to international shifts aimed at diminishing US economic dominance, the episode paints a picture of a nation grappling with significant obstacles. Through incisive commentary and firsthand accounts, the episode underscores the ongoing rise of nationalism and the strategies employed by various actors to shape the future of their respective countries and the world at large.