
Episode 4508: Building The Case For Economic Populism ...
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Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Christians not got a free shot. All these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
Natalie Winters
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.
Steve Bannon
Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. WAR ROOM here's your host, Stephen K. Banner. It is Friday 23rd May, year of alert 2025. Welcome back for the second hour of the morning edition of THE WAR Room. Just some programming notes tonight at 6, Todd Benzeman and others. We're spending the entire hour about the state of Texas, particularly these bills are in front of the Texas legislature regarding working with ICE to, to make sure deportations, illegal aliens happen, all of this. So make sure you stick around. Todd Bensman, kind of his exit interview. Todd on Tuesday starts as the right hand man for Homans over dhs. So Todd Bensman, one of our contributors last couple of years, today his exit interview here in the war Room. Natalie Winters, you've built a great reputation investigating the Chinese Communist Party. Is this shot across the bow at Harvard, a show that the Trump administration is now understands and are digging down the Wall Street Journal's great piece today about the digital fortress, fortress China they've been building since they ripped up the trade deal in 2019 are people. Is your sense that both at state, National Security Council, obviously the economic guys, they realize that they're at economic war with us and both sides are kind of digging in now, regardless of how any type of trade deal is put together?
Dave Walsh
Well, I think it's our own version of unrestricted warfare, Right. I think if you juxtapose, we were just talking about, right, what Christopher Wray, what Trump1 had done in terms of going after whether it was the Farah violations, the thousand tests, talents, program violation violations, a sort of uncanny, uncomfortable overlap between Chinese grants used to pull or decouple Western elites and researchers from the west to have them sort of boost not just the technical, the technology and energy infrastructure, but the civil military, fusion, the outright military capabilities of the prc. But you have to juxtapose what Trump, President Trump is doing. His FBI, meanwhile, you have What? James Comey, they're so willing to talk tough about calling for assassinations against President Trump. Call him out as an autocrat, as a dictator. They don't have 1,1 millionth of that intensity when they call out the threat that the PRC poses. Right. Talk about a double standard. You want to know who's bought and paid for? Look at the people. You think he's going to put 86 CCP, 86 Xi? No, these people are completely controlled. And you know what? They're controlled because the prc, as this audience well knows, has been waging unrestricted warfare in the style that the Trump administration is now engaging in to the point where basically all of our rare earths, they dominate that market, but more importantly, the processing. So even these batteries, we are reliant on them for the magnets, you name it, the chips. And you see the tech Bros pushing to export more of these Nvidia chips, a lot of these sort of semiconductor chips to companies that are essentially just proxies, if not outright subsidiaries to the prc, particularly the UAE and Qatar. And it's extremely concerning. I think that you've always sort of seen, seen the China threat dismissed as something that, oh, we're being, you know, hairs on fire, pants on fire. Any issue that we've ever been called hyperbolic or fear mongering over, we've actually been right. And the whole psyop that they waged by importing foreign students from the PRC into the United States at elite institutions like Harvard was to anesthetize and desensitize the American people to the threat that the Chinese Communist Party poses. The fact that any Chinese individual, foreign national who is over here, company business, you name it, is subject to Article 7 of China's National Intelligence Law and can be requisitioned to spy to advance the national interests of China however they deem fit. They're at war with us and we should stop educating the very same soldiers that we may come to meet one day if it ever turns kinetic on the battlefield.
Steve Bannon
Natalie, I want to put up if Denver can do it and Grace can push it out. This amazing article that's in the Hill, I think you would agree should be required reading of the Warren Posse over the weekend.
Dave Walsh
100% okay.
Steve Bannon
China has an off switch for America. This is a very well reported, very tightly argued article. We want to make sure everybody gets it. Natalie. Fantastic. Where do people go for all your social media since you're the, you're the lone guard, I guess today on the media side at the White House.
Dave Walsh
Natalie Gwenter is on all social media platforms. Wish me luck. I'm about to tape another interview. Probably a debate with a legacy media outlet, a foreign globalist one at that.
Steve Bannon
Hold it. I hope, I hope they've looked at your previous one in the interviewer definitely has some ability to come back when you start pulling them up because you got a pretty perfect track record so far.
Dave Walsh
I hope so too, but probably not. Thank you for having me as always.
Steve Bannon
Okay. Natalie Winters, our White House correspondent, thank you so much. Fantastic. Dave Walsh, the kill switch and Captain Funnell has been sent me another great bunch of information about the cables. I mean does the Chinese Communist Party you think right now actually have an embedded kill switch into America's energy electrical logistics? All of it, sir.
Oren Cass
Well it appears they do. I mean this importation of Chinese product in the energy system is not new. It's been going on six years he 91% last six years 91% of what's been applied here in power generation space has been solar and wind and inverters of that 70% solar of that 87% of the solar is made in China. So they have a massive installed base here now solar panels and inverters. The inverters and they were called out By Even Reuters 10 days ago Discovered in the UK and here now by regulators. The inverter is the switch that converts power from useless DC to usable efficient AC but can also control an entire array of solar panels to shut it down remotely. And we've now discovered sensors even according to Reuters who are the left of the leftist media on energy in solar panels here and inverters here. These were previously discovered also in a couple of Chinese made power transformers taken to the Sandia labs back in 2017 for examination where kill switches were found in them also. So they're, you know these guys are not our friend. They are an enemy of the country. The CCP specifically. This has to be taken very seriously. All this equipment needs examined before we go ahead with the importation of any more of it. It all needs examined for the presence of these because on a statistical basis we've discovered, we've discovered this now this is a huge issue their ability to shut down elect and as you grow more of this installed base the more serious one of these events can be to bring down the whole grid.
Steve Bannon
This is insane. We're limited time but I just got to get your feedback before the weekend. The big beautiful bill going to the Senate is the Green New Deal totally crushed or is your guidance for the Senate more needs to be done here.
Oren Cass
No, we need to do more. The incentives alone are a massive cash flow drain on the country. And if you look at the direct line of what the incentives are doing is incentivizing the manufacturing and importation of Chinese power generation equipment. 80%. The incentives to support battery storage, solar power and the battery storage made necessary by intermittent part time solar power, all made in China, 87% of it. That's what we're incentivizing. That's insane. That needs to be eliminated. They have made some movements on Chinese equipment not coming in. But it's not just that. It's solar overall and battery storage are simply too expensive for the American ratepayer. And for industry to survive here and use for AI in data centers, you need 100% of the time power like most of the rest of us. So more needs done. Yes. On demolishing.
Steve Bannon
Last thing, last thing before we go to make the pitch that the administration has to make that the scoring is kind of off because CBO only takes in certain variables. Do you believe a better case has to be made by the White House and the administration on the great job they've done of making plentiful and cheap energy the foundational element of our economic renaissance and to show how that leads into this 3, 3.5% growth rate? Sir?
Oren Cass
Yeah, there are some additional great things happening. I mean Chris Wright has been very outspoken about keeping open all the power plants that are scheduled now to close in the next three years. About 130 gigawatts of power plants, coal, oil and gas are on the docks to be shut down in the next three years. They all provide baseload continuous duty energy. Just the act of having the DOE step in through FERC and mandate to show cause that you can't shut these down unless you have 24 hour a day dispatchable sources to replace them. I think he's going to go in that direction. That by itself is a great move to restore confidence in US Energy markets electricity wise. The, the offshore production oil and gas has been terrific, terrific progress in that front. You've seen in gas prices at the pump. Significant progress there.
Steve Bannon
Dave Walsh where do people go to get all your information? On social media, sir.
Oren Cass
Getter X and true social. Dave Walsh, Energy thank you Steve.
Steve Bannon
Thank you brother.
Ben Harnwell
Great.
Steve Bannon
Want make sure the White House incorporates that. It's absolutely imperative. Let's go back to Ben Harden where we're getting Oren Cass up. He's got a lot to say about the big beautiful bill. The Wall Street Journal just tweeted out. Ben. I want to make sure everybody understands this because this is a critical our whole discussion of the Vatican and Pope Leo and everything that's going on. The Chinese Communist Party, the writer of this magnificent piece from the Wall Street Journal about the cash flow problem at the Vatican. It's not bankrupt because it's got unbelievable assets, but it has a liquidity problem because basically the traditionalist part of the church cut him off from cash in the last couple of years, given the radicalness of Bergoglia. And this is the reason that, this is why I was able to predict that Cardinal prevost would be 10 days before the Conclave would be selected as Pope because they need an American, just somebody that's not too American for the big donors to rip off on. And now the Wall Street Journal. I guess writers finally seeing the clips and going, wow, what world we live in. Explain our logic here to the Wall Street Journal reporter. Sir.
Mike Lindell
Steve, this is just to zoom out one moment. This is the Wall Street Journal. This isn't the War Room. Okay? But this article has underlined everything that this show has been saying over the last five week period since the death of Pope Francis almost to the word. So that's the first point I want to make. And I, I, I make this every time I get the opportunity. Now the, the best news show in the world to break down what is actually happening in the Catholic Church is the War Room. And everything else, especially if it has the word Catholic in the title is just feeding you sentimental based propaganda and bs. If you actually want to know what is happening in the Catholic Church today, this is the only credible outlook for that. Right? And that's, you know Steve, you just in your introduction gave the perfect setup for that. You were saying, you were talking about Cardinal Prevost. You also said this very argument which we have been talking about on the, on the War Room, this very argument that the reason they went the cardinal that the Conclave went for Prevost was about the money, was about getting the donations back online. And you fed that article right through into the in I think it was Corriere de la Sera in that dominated for 24 hours the Italian press debate. Right? This is why this show is so important. And I just say that because I do read all the comments on my get and I do know there's a lot of evangelicals they're saying know why all this stuff about the Catholic Church they, it's extremely important. If you're starting from the, the idea that culture is upstream of politics, the Liberal elites captured the papacy with Bergoglio and then within two years, at the start of that pontificate, this phenomenon of woke came out. So what is happening in the Catholic Church is extremely important for these political battles we're fighting. Steve, I'm going to come back after the break and dig down on this story in the Wall Street Journal. It's extremely important that people understand. And the point here, Steve, that this is shows I actually think the power of the war room audience. The, the power of the war room posse. Catholic Maga, the media is already starting to call it because we have the purse strings when people say, what can you do? The Catholic Church is a hierarchy. They have all the power. It's not, not true, folks. It's not true. We hold the Catholic Church in, in our hands now because as you say, as you correctly, as you said to the Corriere della Serra, Catholic Church isn't bankrupt because it has so many fine assets, but it is an illiquid institution. And I think that this Catholic Maga, that if it exerts its pressure correctly, we will start to affect change.
Steve Bannon
Okay, hang on, Ben. Ben is at IS in Rome. We're also going to have about the CPAC that's going to take place in Hungary and Poland. A lot going on as we kick off our Memorial Day coverage. Next in the War room. Very honored to bring in one of the top public intellectuals about populism and economic nationalism. He's not exactly thrilled with the big beautiful bill as it currently stands. Or at least Politico is reporting that Oren Cass will join us on the other side back in the war room in just a moment. But I'm American made. I got American power. I got American babe.
Natalie Winters
In America's heart.
Steve Bannon
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Natalie Winters
The CBO scoring I believe which is tenure scoring and it's D.C. style scoring. So we think that we can both.
Steve Bannon
Grow the economy and, and control the debt. And what's important bill, is that the.
Natalie Winters
Economy grows faster than the debt. So what I would tell your viewers.
Steve Bannon
To focus on is what I'm focused.
Natalie Winters
On is what Secretary Yellen was focused.
Steve Bannon
On is what is the total debt.
Natalie Winters
To gdp because we can grow our way out of this, that if we change the growth trajectory of the country.
Steve Bannon
Of the economy then we will stabilize.
Natalie Winters
Our finances and, and grow our way out of it.
Steve Bannon
Okay, so that's the bet. That's this supply side tax cut. I would also recommend to our former contributor Secretary Treasury Besant that I do believe the six and a half percent of deficit to GDP and bending that arc down to three and a half percent because what we're on now is not sustainable. And of course I don't think I agree with him. I don't think that they're putting that, that all in there particularly to make sure that we tariffs all the cash flow from tariffs and also to justify the growth rate. And that's why we had Dave Walsh on to talk about energy, which I think is a central part of this. Joining us now Oren Kass from American Compass. Oren, you're considered our public intellectual, kind of the leading populist economics expert out there. Huge article on Politico. I think it was yesterday that you're not totally thrilled with what you saw in the big beautiful bill and you think some changes could be made. Just walk us through it. You know, from a economic populist point of view, your perspective of where we stand with this as it goes and Ron Johnson and others are trying to combat this in the, in the Senate. Where do we think, where do you think we stand right now?
Taj
Well, I just think it's been incredibly frustrating to see what sort of happened in Congress here. I really appreciate the chance to talk with you about it, Steve, because you know, you've been someone who's been out there. I think like we have been making the case that if, if you're going to do populism, right, you, you do have to for instance, talk about taxes. And so, you know, I think the, the president, Secretary Bessant sort of raised this idea. Maybe we do need to be thinking about raising some taxes on, on the highest income earners because that's an important part of making all this work. If, if you want to do some of the spending cuts that we really need to do and that are in the bill, you, you got to pair that by showing, ask those at, at the, at the top end to bear some of the burden too. If you want to actually tackle the deficit, you got to show that you are willing to add some more revenue. And so I think there's some really good stuff in the bill. You know, as I noted in, in the Politico piece, the, the way that they're treating business investment is really important. It's good for growth. They've got the child tax credit expanded. That's, that's going to be very good for families. But I think if, if we really want to, to push forward in a way that addresses America's problem and, and that takes seriously the, you know, the, the, the, the President's base. It's got to, it's got to both do the spending cuts, it's got to be pro growth and it's got to do something to, to, to probably raise some taxes as well.
Steve Bannon
Do you think right now let's leave the taxes part off for a second. Do you think as we stand on both the cuts and particularly sensitive cuts like Medicaid, that we know that 25%, at least 25% of MAGA is on and Josh Hawley, who is one of our compatriots, is not happy about this, although I think the work requirements, etc. We got to get all that out. Where do you think we stand on the cuts first? And from a populist point of view, do you buy the case that you see the potential growth of three to three and a half percent? Because that part of the calculation changes everything. But I think the White House has got to go make the case and they have to make it consistent. It has to be Besant, it has to be Hassett, it has to be Navarro, Ludnig. They got to go full on and say from tariff revenues coming back because there's no calculation now of what I understand is 300 billion to 600 billion potentially annual cash and revenues from tariffs. So let's take the cost side first. Do you think we've done enough and done it in a populous way and then do the growth side?
Taj
So, yeah, I think on the cost side, there's actually a lot of good stuff in the bill. When you take something like the Medicaid side of things, I think you're exactly right. We do need to do reforms here. I think populism, if, if you want to think about a productive populism, that, that rebalances things, it, it starts to go too far when you just say, you know, we can't touch anything because the reality is that spending has gotten way too high, especially post pandemic. You know, it never went back to pre pandemic levels. Our health care systems in particular. Just, you know, one thing this bill does well, I think, for instance, is go after the hospital side of things. Like, it's just not true that all of our healthcare spending is going to, to providing people with good care. There's not going where it needs to go at all. And so I think focusing on some of these reforms, insisting that we start to bring spending back down, that's great. But, and, and I just, you know, we, it always has to be said, if you take the savings from those sorts of spending cuts and just plow them into reducing tax rates more, especially for people at the top, you can't claim that you've actually solved any problems. You, you haven't reduced the deficit. You've just taken those savings that we need and sent them right back out the door. And so that's where I think, substantively, if you're going to make the case that you're addressing the deficit, you have to be willing to do things on both sides. And then politically, if you want to ask people to bear some cost here to say, look, guys, you know, what's happening is unsustainable. We do need to make some cuts here. You have to show that you're asking everybody to share in this and you can't do it. And then simultaneously say, and here, here's this giant tax cut on the other.
Steve Bannon
Side or the staffs of all the guys in the Senate, men who in the Senate, you know, watches and clips. So this will be viewed over the weekend. Then Senate now has it. And we know behind closed doors that a lot of the senators are saying, hey, we got to do something here to make these numbers better. And one of the ways we got to look at is potentially not giving, not extending the tax cut to the upper bracket or put in a new category of millionaires at 40%, but make sure we take care of the entrepreneurs because you don't want to kill the job creators. Make your best case. We got a couple of minutes here. Make your best case to the Senate of the bill coming out now because this will be a firestorm if they take this part on what is Orrin Cass best argument for why this needs to be considered by the Senate to come out of their bill.
Taj
Well, first of all, just to make the math work, the math is going to look a lot better if instead of doing a big tax cut at the top, you actually let rates go back or up a little bit at the top. The flip side is, you know, those aren't the pieces of the policy that are what's most important for the growth. Right. The tax policy that you really need for the growth is the stuff like the business investment, which should absolutely be in there. The corporate rate cuts were already made permanent, so you don't have to even be talking about those. And so if you're, if you're making the substantive economic case, you have to be more concerned about the deficit. You have to look at what's happening in the market and with interest rates when people think Congress isn't serious about the deficit. And so for, for all of those reasons, you have to be willing to say, and by the way, this, this is what the President said. This is what Secretary Bessant said they were out there saying because they recognize that, that this is, I think, the best the bill can look. You need the serious spending cuts. You're, you're, you're doing taxes in a way that is, is useful for working families. You're expending the child tax credit, but then at the top let those rates go up a little bit. It, it, it is ultimately, I think, going to be better for the economy. It is going to be politically much more saleable. And you're going to be able to say with a straight face, we're actually being fiscally conservative. We're being serious here and we're doing what people elected us to do. Because the last thing I would just say is, you know, we've done a lot of polling, everyone's done a lot of polling on this. Everyone finds the same thing, which is that even the Republican base is not interested in a no tax increases ever policy. They know some taxes need to go up. They are very comfortable with asking, asking people at the top to pay a little bit more. And so that is both substantively the right economic thing to be doing and it is politically the right way to put a package together.
Steve Bannon
One last thing before I ask you about American Compass. The no tax on Social Security. Are you happy where it stands today or you think that really has to be really to what the President said we have to have no tax on Social Security.
Taj
Honestly, I think given everything that we already are are dealing with in the bill, I would much rather see the the current bill get to a sort of sustainable place before we we start adding additional stuff on top of it. And so I think you know there, there's lots of other tax reform we could be doing but I I wouldn't be looking for additional tax cuts before we've shown that we can actually move in a more fiscally serious way that is is actually going to lay a good foundation for growth and that would.
Steve Bannon
Be respond exemplified by the bond market particularly the tens and the out years. Tell us about are the leading kind of think tank from economic populism, economic nationalism. Tell us tell us who you guys are and where can people go to get all your great content.
Taj
Yeah sure. So American Compass is celebrating its fifth anniversary this month. We've been sort of trying to to build the case and and the policy agenda for for doing economic populism right and actually reorienting the economy toward working people and working families and and doing that in a way that's consistent with conservative principles. I have a new book coming out called the New Conservatives that kind Phase all that out and especially would love for people to check out. We have a magazine now called commonplace@broadplace.org that I think just has all the best new thinking on this. One of our advisors, Daniel Kishi just did a fantastic piece on on public opinion about labor saying there are some pro labor reforms that that are really popular even with Republicans and we should be doing those even as we recognize there are there are others that that are unpopular and we shouldn't be doing and so you know love for people to check that out and hope hope we can talk about some more of it in the future.
Steve Bannon
Real quickly. The book where can people pre order? This book is a collection of articles you've put up before all in one place. It's absolutely amazing. Got lighthizers, got everybody. If you really want to have a understanding of where we stand as the American economy and particularly from a populist perspective, this is a must read. Where do people get it?
Taj
Yeah, I appreciate that it's it's available for pre order, you know anywhere you pre order stuff. Don't don't want to necessarily send you to the biggest conglomerate bookstore online. But you can get it there. But, but wherever books are sold it's called the New Conservatives and and it'll be out on June 3rd.
Steve Bannon
It's absolutely amazing your social media. Where do people follow you throughout the day?
Taj
Yeah. Mostly on X at orange, underscore, Cas and then substack. It's called Understanding America twice a week. Understanding America.
Steve Bannon
Co Oren thank you so much, man. Amazing.
Taj
This was awesome. It's great to see you.
Steve Bannon
Incredible artists, incredible article in political. I'll make sure it's a must read for over the weekend. We'll have you back next week when the book actually launches June 3rd. Pre ordered today. Okay. Short commercial break. We're packed. We've got Hungary, Poland, cpac. Matt Schlapp leading the charge back to Rome with with Ben Harnwell. Also we've got my favorite Natalie Dominguez is also going to join us and Tage Gill all all in the next half hour in the horror. You've heard me talk about Patriot Mobile for a while now. You probably know that for years they've stood in the gap for every American who believes in faith, family and freedom. So here's the question. Have you switched to Patriot Mobile yet? You'll get exceptional nationwide coverage because unlike most cell phone service providers, Patriot Mobile Phone utilizes all three major US Networks. Switch today without sacrificing quality or service. They even add two numbers on two networks on one phone. Let me repeat. They can even add two numbers on two networks on one phone. It's like you're carrying two phones in one. They have unlimited data plans, mobile hotspots, international roaming, Internet on the go devices and Internet backup. Switching is easy. Keep your number, keep your phone or upgrade. Their 100% US based team can activate you in minutes. Best of all, switching to Patriot Mobile supports your values. If you believe in our first amendment and second amendment rights, the sanctity of life, supporting our veterans and first responders. This is where you belong. Right now go to patriotmobile.com bannon or call 972-patriot. Get a free month of service with promo code Bannon. So if you call in, tell them Bannon also Switch today. That's Patreon mobile.com Bannon or call 972 Patriot. Here's your host, Stephen K. Banner. Okay, from from Rome to Rio, make sure you go get the Rio reset right now from vertical birchcold.com/bannon the end of the dollar empire. Understand currency and you will go a long way to understanding politics, power and also your personal finances, particularly the fiat currency and where gold and precious metals come in. But you need to understand ain't the price, it's the process. July 6th in Rio. The BRICS nations are coming together and they're not coming together to help the United States of America. This kind of the global south coming together to see how they put the screws to us. And some of that may be well deserved given the breach of fiduciary responsibility we've had between the elites in this country and the American people. What is President Trump trying to set right? Birchgold.com Bannon I want to go now to Matt Schlapp. Matt Poland, Hungary, Korea. Let's talk about the first two and also help explain to me Matt, Romania I don't get how we're, we pull at 40, we win at 40% in the first round, we're pulling 60, 40 up and we lose, I don't know, 5446. How does that all work and how are you guys going to discuss that at CPAC Poland? CPAC Hungary, sir?
Natalie Winters
Well, I think people are very concerned about what's been happening in a lot of these elections. You brought up Korea, I went over to South Korea. I met with the, now I guess you call him deposed president of South Korea who said that in the lead up to the elections there he was up by double digits and he ends up winning by just a tiny amount. This is happening over and over again to any of the candidates that are, you know, outside the establishment in most of these countries, Steve, there really isn't a conservative movement. There's just wonderful people and there is an establishment that is very aligned with the global institution that kind of runs the continent. In, in Asia it's China and in Europe it's Brussels and probably a lot of China. And, and this is a huge problem. They don't have a buttress of a center right party that's any more shares their values. So they're, they're, they're party less and they have to start new parties. So George Simon in, in Romania came out of nowhere, won the first round 41% of the vote. And you know, he was talking about not even really needing to campaign. It was kind of a gimme. And then out of nowhere he has this, you know, it wasn't a tiny loss and less than 10 points. But I think it has a lot of people concerned what's going on in these elections. I mean the biggest problem we have, Steve, is our own elections. I mean we take the longest to Count votes, we've got ourselves diluted. That's because we have federalism and because we have state and local and federal races that somehow that makes it slower for a computer to count or tabulate or. Americans have just gotten that much dumber over the course of the last 50 years, which I don't believe so elections is at the center of this fight we're having everywhere around the globe.
Charlie Kirk
Is that one of the highlights? And Poland you're showing up in?
Steve Bannon
Poland.
Charlie Kirk
Is the second round this Sunday. I think it's two Sundays. So you're showing up in Poland next weekend in Hungary with this Poland, the Polish election kind of into balance.
Natalie Winters
Yeah. Poland's first round was on the same day as Romania's second round. And so the candidate we favor, nobody apologized to him, if I've said his name with an American accent. But he. He was very close to coming in first. I think it was like a point or so that separated them. And so now it's the drive to the second round. And so cpac, Poland, will be occurring right at the perfect time to try to have an influence. Now, look, we don't do electioneering over there, but we're trying to bring up to the people in these countries how important these fundamental questions are. Think about it, Steve. Religious freedom, the idea that you can be a practicing Christian and not have that somehow destroy your reputation in your career. Europe getting back to what made Europe great. Europe can't be great if there are no families having babies. Viktor Orban figured this out in Hungary. And as you're talking to Oren about populist tax policies, remember what Hungary did with their taxes is say you have a kid, you pay less income taxes. You have something like four kids, you never pay income taxes again. That's real reform. That's radical. That's the type of things we need to do to make sure that our cultural values continue.
Charlie Kirk
How can we here in the United States make sure we stream it? You've got a team of all stars, both in country and guys coming from the United States, men and women from the United States. How can we participate this week in either the streaming or catching up, et cetera? Because as you know, our audience has a very strong interest in Hungary and a very strong interest in Poland and a very strong interest in cpac.
Natalie Winters
Look, Hungary is where George Soros spends most money to make a difference. And so we've got to hold on to Victor or Bond's policies and to him. And then we have Barack Obama and all these other people being paid to be in Poland. They know that if they lose this election in Poland, that's a big blow to the globalists. So you can follow me on Twitter Schlapp or go to our website@cpac.org and we will lead you to all the places, all the platforms where you can watch the content. We also have to be careful about all the regulators in Brussels and still in Washington D.C. that try to, you know, keep CPAC from broadcasting as widely as we should. Steve, shall I say, but don't worry, we'll get all the important content to folks and we're going to make a big difference in these countries. Here's what everyone needs to know. These countries are calling us and saying we've got to have cpac. And it's not just cpac. There's a lot of great groups that are doing great work in our country. We've got to build this conservative populist movement. Everybody wants a piece their version of MAGA because they know that they're outgunned, they're out financed, that there's lawfare and all these other things and they're trying to figure out a way to outsmart it. Donald Trump gave the whole world a boost of hope that we can win this battle. But the battle is right now.
Charlie Kirk
Amen. Rumor has it that you're trying to put together some sort of team to make sure we get election integrity in South Korea for their upcoming election. A truth of that, Korea. CPAC is hard at work behind the scenes.
Natalie Winters
You know, I'm just worried that someone could be watching your show, Steve. But yeah, of course we're engaged in all of these questions and Korea is a very important country to us. I was told that Huawei runs the election software in South Korea. Now how is that possible? Huawei is basically controlled by the ccp. And if they start controlling the elections in these surrounding democracies, they won't be democracies much longer. And I think we're not getting a straight story about what's coming out of South Korea.
Steve Bannon
Amen.
Charlie Kirk
Okay, we're gonna get updates from that on all the streaming possibilities. They can get through for both CPAC Poland, CPAC Hungary. Matt, you're doing the Lord's work. Thank you so much for joining us.
Natalie Winters
Thanks for having me on, Steve. Keep up the fight.
Charlie Kirk
By the way, you got Koso Mobanen, many others are going over for both. We'll have a whole roster of the Wil room and other of our colleagues that are doing this. Absolutely incredible for people to take the time to do it this is the commitment they got to our brothers and sisters in Poland and in Hungary and throughout the world. Natalie Dominguez, every time you're on, you tell me a story that scares the devil out of me. What do you got for me today? I keep telling people, hey, particularly in the turbulence we got going on in the world right now, if you own a home, if you've got that thing called a title, you've got to embrace it every night for your dear life. Home title Lock is the company Gibson Protection. Take it away, ma' am.
Natalie Dominguez
All right, we got this story about two days ago, and then I have a little personal one for you after. So two men from Houston, Texas, are being sued by Harris county for filing fraudulent transfer deeds to take ownership of multiple homes and then selling them to unsuspecting buyers. One of the owners of the. Or, sorry, one of the victims talked about the home that her and her family were taking care of that had been passed down from her grandparents who had passed away. And one day in 2022. So a few years ago, they found out that someone else's name was on the title, and none of her family members knew what was going on. So we talk about, you know, potential targets pretty often, and I think this story is a perfect example of that, because these men targeted homes that belong to people who had just recently passed away, or, you know, you call them air properties, right? In some of the cases, the deeds were transferred just days after the person had passed away, the owner, and in one of the cases, hours after they had passed away. So these guys were watching. They. We don't know if they had people on the inside or what kind of happened. But, I mean, think about being a victim of a family member who, like, let's say your grandparent or your parent passes away. You're dealing with, you know, funeral arrangements, emotional distress, and all these things. The last thing on your mind is watching, you know, their home title and making sure that fraudsters and scammers aren't going in and trying to do this. I think it's ridiculous that the county attorney is suing these men for a million dollars in damages for some of these thefts going back a couple of years. They kind of found this pattern with these men. But one thing we're not seeing here is a criminal suit or jail time. It's a civil suit, and these guys are just walking around free to do this again to unsuspecting homeowners. And that is so scary to me that there is just, like, in so many places no criminal, you know, wrongdoings for these. These criminals that are going around. And so I would urge that if you guys have, you know, family members or people that are close to you that are kind of in that position, they have caretakers in the home. You know, we say we always talk about AI and cyber, and yes, that is absolutely a threat. Everything is so much easier to do online now. But most of the time it's. It's someone that, you know in our restoration, oftentimes it's family members, it's caretakers, it's people that are around you. And it would not shock me if these men had people on the inside that were feeding them this information because hours after someone passes away, they go in and file these fraudulent paperwork. That's terrifying to me that you just can't trust anyone around you. I don't know. Is that just me, Gary?
Taj
No, no, no.
Charlie Kirk
It's also macaque. Real quickly, give us again. They were focusing on, like, death notices, people that recently died, and they would jump over potentially getting there. That is so sick. Walk us. Give me a minute on that again.
Natalie Dominguez
Yeah, they were going through homes or they were going to families who's. The owners of the homes passed away and they were filing the fraudulent deeds and transferring the home into their name, which, I mean, most people would be none the wiser. Right. Because that's generally what a quick claim deed is used for, is to, you know, transfer property to whoever's going to be inheriting it. And on paper. So now they're going through this suit with the county attorney. They have to even prove that it was fraud in the first place. Who's to say that the judge isn't going to rule in their favor and say, oh, well, maybe the elderly person that passed away was giving their home to them for this reason or another? It's scary. And homeowners do not have people on their side to bring them through this. Right. Which is why we do what we do at home Title lock. We're not just monitoring an alert. So if anything happens on your title, we notify you as soon as it's being filed and it's on record. And we're like, hey, this has been filed. So let's say hypothetically, you go through that with your family member, you're going to get a notice from us right away if anything happens. So hometitle lock.com promo code. Steve, the most important part of this is that you're going to get a title history report on your title. You're going to See anything and everything that's been filed, you're going to get a free trial of our million dollar triple lock protection which is monitoring alerts and will spend up to $1 million to fix the fraud and reverse everything if you are a victim of title fraud. Last night I was hanging out with two of my childhood friends and one of them said that she recently in the past month and a half has been getting phone calls from real estate agents and all these different things for her parents property. The first thing that we did was went and signed her up because I told her that's the first thing that when people call us to talk about stuff going on, if it's not an alert on their property, anyone that has not been a victim under us and they call us, they go, yeah, I've been getting these like weird calls from real estate companies and that's generally how people start to find out. So in my own backyard stuff's going on. We signed her up and sign up today guys. It's, it's, it's a scary world out there.
Charlie Kirk
Where, where did they go? I want everybody to do this on Memorial Day weekend. And check it out. Where are they going?
Natalie Dominguez
Hometitle lock.com promo code steve hometitle lock.com Very simple. There may may be a link in the description. Hometitle.com promo code Steve. You're going to get a free title history report and a free trial of our million dollar triple lock protection. The best thing that you can do today is just make sure that you are not already a victim.
Charlie Kirk
Wow. And ask from Natalie Dominguez. Thank you ma' am. Have a great weekend.
Natalie Dominguez
Absolutely appreciate it. Have a great Memorial Day everyone.
Charlie Kirk
What you guys do. Also the field of greens guys, Memorial Day. We have all of our sponsors coming to us trying to get Memorial Day. We've got Tasio. We got field of greens. Go toField of Greens.com memorial25. Put that in. You get 25% off on everything. In fact, all the Brick house products also feel the greens. This is real organic superfood. It's one of the reasons, boom. I've got the energy. You feel great. You get all your fruits, all your vegetables, plus an energy boost. Feel the grace.com memorial 25 for the Memorial Day weekend. 25% off. Short break, back in a moment.
Steve Bannon
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 the 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 gonna 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 gonna 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's 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 my patriotsupply.com my patriotsupply.com do it today. Do not let this thing get ahead of you.
Charlie Kirk
So, Ben Hart, welcome back. Ben, I know you get a bounce. I want people to go at least read the Wall Street Journal article. I'll figure out how to get you back on either this afternoon or we'll do it over the weekend sometime. I want to drill down more on this in this situation because obviously with President Trump offering to say, hey, ask the Vatican to be the intermediary, the apparatus for the Ukraine situation couldn't be bigger. I mean, it's a big ask of President Trump. It also shows you his thoughts about Pope Leo. And so I want to make sure everybody reads the Wall Street Journal article. Obviously we have a quite different take on things, but hey, that's what makes things interesting. We're people to go, Ben, for your content and also this Wall Street Journal. And by the way, you've been interviewed by everybody in the world. I know you're putting it all on Getter. I want everybody over the weekend to kind of absorb this content of all your interviews.
Mike Lindell
Steve, thanks, Getter. My social media platform of choice, simply tap in my surname Harnwell, and then all like 50 or so interviews there over the past month. Look, I think if I can close with this point, Steve, I think the point about President Trump leaning in towards Pope Leo and giving him this just absolutely massive moral authority, even though he is untested from the MAGA point of view, I can only guess, Steve. I can only speculate that President Trump's calculation is that this guy is American and therefore his interests will be in promoting in a general generic sense, the American priorities. But I don't know if that is a reasonable presumption to be holding at this point in time. I will finish with this point about the Wall Street Journal article because it's so important. It illustrates the vulnerable situation of the Vatican, the Holy See as an institution. Whilst on the one hand it does give the faithful now, especially the U.S. church, the American Church, a great deal of leverage potentially and going forward, I tell you what, it also gives a great opening to President Xi in China to also try to assume his leverage in the Vatican. That's something we need to be extremely alert towards. Thanks, Steve. I'll catch you hopefully on the evening show today. God bless.
Charlie Kirk
Yeah, we'll figure this out. Thank you. Ben Harnwell, thank you for co hosting this morning. Mike Lindell, you're. You're having a bet the company moment. I want everybody to take a couple minutes, explain this and then sell me some sheets as we go into this huge Memorial Day weekend. Sir.
Ben Harnwell
Yes, everybody. We're combining we're having the Memorial weekend special but we're having all the special masters and stuff. But we also have what's going on with the war room posse that where you guys can help? We are I'm heading to Colorado. That's how I'm going to be spending my memorial weekend for the biggest trial. My pillow is member got sued a part of all this lawfare where over 75 people and platforms were sued with machine companies and their associates. We were the only company sued. So we get we got my pillow got sued but no everyone else is settled with their insurance companies. We refuse to sell. This is about free speech. It's about all of us. And it goes to trial June 2. Everybody but my pill my employee owned company. We need help now. So what we did we're going to run the Giza dream sheets again. We're going to run them and we and for the 49.98 you guys buy all you can. Please take get everything you can. We need to win this trial. We're going to we've my pillow is and myself on June 2nd. We can use everything we can get. So 49.98 and you guys, if you buy today, I'm going to give you a free commemorative pillow here for you can be you guys were part of this. With any purchase the multi use my pillow and USA Revival rolling go absolutely free. So if you go to the website, go down click on Steve there you see all the information there you're going to see the geezer dream sheets. We're going to keep the microservice at 50%. We need to break sales records right now, you guys, we need your help. We have the mattresses all on sale Memorial weekend. Those are on there too. And the mattress toppers. So you guys get everything you can. You call 800-873-1062 tell my employees you have their back. We really need your help right now. And they we are going to win this. I told our president, I said we're not going to let his next four years be in vain. We're going to secure our election platforms and this is going to be the gateway to doing that. I know it's Colorado everybody, but we are going to win, Steve. We're going to fight, fight, fight.
Charlie Kirk
Mypillet.com promo code Warren, for the Memorial Day sale. Make sure you go Mike. We'll see you back here at five. Fight on brother. Got your back. Mypillet.com promo code one most powerful promo code in the world. Taj, I gotta tell you this show has been on fire today and I got two more hours ago. Plus all of Memorial Day. As you know, one of the most sacred or the most sacred weekend of the year, the secular for our honored dead. We're going to be at live at West Point tomorrow for President Trump addressing the the graduation of the cadets. Mo Bannon will be there on a Monday. We're going to do Arlington National Cemetery all live on Real America's voice and war room brother.
J
It's amazing.
Charlie Kirk
More than ever. I need a strong cup of coffee. Where do I go?
J
Steve? You go to warpath coffee forward slash war room. And the promo code is war room. Warpath coffee forward slash war room. And we're doing 20 off on everything all weekend. The the war room posse gets 20 off if you use promo code war room. It's the best coffee. We have 10000 five star reviews on the site and growing the the people acts like absolutely love this coffee. It's incredible. We've had so much incredible feedback. People love our coffee. They absolutely love it. I was just at a doctor's office and they tried our coffee a couple weeks ago and they said everybody in the office is hooked on it and it's the only coffee they serve now. People absolutely love our coffee. If you haven't tried it, you got to try it. We have the Mariners blend. That's the dark roast. That's for you, Steve. We created that roast specifically for you when we partnered with you. And then the breakfast blend, that's going to be our mild. And then the summer blend, that's falls somewhere in between the breakfast blend and the dark roast. We got Frogman espresso. It's a light roast espresso. And then the K cups will be in stock this afternoon. And then we have the holiday blend, maple, bourbon, chocolate, vanilla. We've got it all. We've got all kinds of mugs and everything is on stock. Everything is going to be on sale. 20 off this weekend, all weekend to celebrate Memorial Day to pay respect for the dead. And you got to try it. If you haven't tried our coffee, please try it. Have an absolutely amazing Memorial Day weekend.
Charlie Kirk
Memorial Day sale one more time. Where they go to get this incredible sale.
J
Warpath coffee forward slash war room. Warpath coffee forward slash war room. And use the war room is the code for the war for the war room posse.
Charlie Kirk
Okay, Charlie, Taj, love you, brother. See you over the weekend. Every time the show the warfare coffee guys.
Steve Bannon
Fantastic.
Charlie Kirk
Charlie Kirk's next. We're back live five to seven a night in the war room.
Steve Bannon
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And do it today to provide American made natural supplements without all the artificial nonsense. So unfortunately, as many of you know, a lot of these big corporate supplements will include things like preservatives, artificial ingredients and other additives that really aren't benefiting your health. So that's why we created Sacred Human, really trying to fill this gap of quality supplements and of course the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc CoQ10, etc. And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health.
Podcast Summary: Bannon's War Room – Episode 4508: Building The Case For Economic Populism
Release Date: May 23, 2025
Host: Steve Bannon
Description: In this episode of "Bannon's War Room," host Steve Bannon delves into critical discussions surrounding economic populism, national security threats from China, electoral integrity in key global regions, and the financial vulnerabilities of influential institutions like the Vatican. Featuring insights from experts and contributors, the episode provides a comprehensive analysis of the current political and economic landscape.
Timestamp: 00:01 – 02:09
Steve Bannon opens with a forceful critique of the current regime, emphasizing the growing frustration among the populace:
“This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people."
– Steve Bannon [00:01]
Natalie Winters joins the conversation, highlighting the spread of misinformation through "MAGA MEDIA" and the necessity for truth.
Timestamp: 02:09 – 07:56
Guest: Dave Walsh
Topic: Chinese Communist Party’s (PRC) Unrestricted Warfare and Infrastructure Vulnerabilities
Dave Walsh provides an in-depth analysis of the PRC's strategies to undermine the United States economically and militarily:
“The PRC has been waging unrestricted warfare in the style that the Trump administration is now engaging in..."
– Dave Walsh [02:09]
Key Points:
Notable Quote:
“They are at war with us and we should stop educating the very same soldiers that we may come to meet one day if it ever turns kinetic on the battlefield."
– Dave Walsh [04:32]
Steve Bannon underscores the urgency of these issues, urging listeners to read a pivotal Wall Street Journal article on China’s influence:
“China has an off switch for America. This is a very well-reported, very tightly argued article..."
– Steve Bannon [04:45]
Timestamp: 07:56 – 25:41
Guest: Oren Cass (American Compass)
Topic: Evaluation of the "Big Beautiful Bill" from an Economic Populist Perspective
Oren Cass critiques the proposed legislation, emphasizing the need for balanced fiscal policies:
“The incentives to support battery storage, solar power and the battery storage made necessary by intermittent part time solar power, all made in China, 87% of it. That's what we're incentivizing. That's insane."
– Oren Cass [07:41]
Subsections:
Cass argues that while the bill includes necessary spending cuts, it falls short in addressing the deficit comprehensively:
“If you take the savings from those sorts of spending cuts and just plow them into reducing tax rates more... you can't claim that you've actually solved any problems."
– Oren Cass [16:29]
He advocates for targeted tax increases on the highest income earners to ensure fiscal sustainability:
“If you want to actually tackle the deficit, you got to show that you are willing to add some more revenue."
– Oren Cass [16:29]
Notable Quote:
“Everyone finds the same thing, which is that even the Republican base is not interested in a no tax increases ever policy."
– Oren Cass [23:08]
Cass emphasizes that strategic tax policy adjustments are essential for both economic growth and deficit control, arguing that the bill needs to incorporate both spending cuts and revenue enhancements from higher taxes on affluent individuals.
Timestamp: 30:00 – 36:54
Guests: Ben Harnwell, Mike Lindell, Charlie Kirk
Topic: Electoral Challenges in Poland, Hungary, and South Korea
Natalie Winters discusses the fragility of electoral processes in several countries:
“Poland's first round was on the same day as Romania's second round... they have to start new parties."
– Natalie Winters [31:09]
Key Points:
Notable Quote:
“Elections are at the center of this fight we're having everywhere around the globe."
– Natalie Winters [33:13]
The discussion highlights the need for robust election integrity measures to safeguard democratic processes from foreign and internal subversions.
Timestamp: 36:54 – 46:31
Guest: Ben Harnwell
Topic: Financial Liquidity Issues within the Vatican and Potential Chinese Influence
Steve Bannon references a Wall Street Journal article discussing the Vatican's liquidity problems:
“It's not bankrupt because it’s got unbelievable assets, but it has a liquidity problem..."
– Steve Bannon [10:19]
Key Points:
Notable Quote:
“The Vatican is an illiquid institution... it also gives a great opening to President Xi in China to also try to assume his leverage in the Vatican."
– Mike Lindell [46:31]
Bannon and his guests discuss the strategic importance of the Vatican in global politics and the potential for external powers to exploit its financial vulnerabilities.
Timestamp: 37:05 – 43:11
Guest: Natalie Dominguez
Topic: Rising Incidents of Home Title Fraud
Natalie Dominguez shares alarming cases of fraudulent deed transfers targeting recently deceased homeowners:
“These men targeted homes that belong to people who had just recently passed away... hours after they had passed away."
– Natalie Dominguez [40:25]
Key Points:
Notable Quote:
“It's a scary world out there... you can't trust anyone around you."
– Natalie Dominguez [40:25]
To combat these threats, Dominguez promotes Home Title Lock services, emphasizing the importance of monitoring and securing property titles to prevent fraud.
Timestamp: 43:48 – End
Steve Bannon wraps up the episode by reiterating the interconnectedness of economic policies, national security, and electoral integrity. He emphasizes the need for comprehensive strategies to address these multifaceted challenges, urging listeners to stay informed and proactive.
Closing Quote:
“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."
– Steve Bannon [43:48]
Final Remarks:
Episode 4508 of "Bannon's War Room" offers a thorough exploration of economic populism, highlighting the necessity for balanced fiscal policies that incorporate both spending cuts and strategic tax reforms. Simultaneously, it underscores the significant national security threats posed by China's pervasive influence and the urgent need to safeguard electoral integrity across global democracies. The episode also sheds light on the financial instability of the Vatican and the rising menace of home title fraud, advocating for heightened vigilance and proactive measures to address these pressing issues.
Recommended Actions for Listeners:
Note: This summary focuses solely on the substantive content of the episode, omitting advertisements, promotional segments, and non-content sections to provide a clear and focused overview for those who have not listened to the podcast.