
Episode 5006: Left Melts Down Over Inflation Numbers; Is There A Cover Up At Brown ...
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Steve Bannon
Blame the Biden administration for over and over again for the economy. That how the economy is today. From your perspective, when is it, when.
Matt Boyle
Does it truly become cause and effect of Donald Trump on the economy?
Steve Bannon
Is it still, is there any, is there, does he have any footing to still blame Joe Biden for what American people are facing with the economy right now, Ken, I mean, less and less. We're almost a year in. So yeah, that's the playbook to blame, you know, whoever was in office. Exactly when you got there. But I mean now it's this tariffs, the uncertainty, immigration being cut back, the illegal immigration. Yes, but legal immigration also. I mean, I think a lot of these things will hurt over the longer run. And he's sort of counting on animal spirits, AI something to compensate. I'm not sure that's going to happen. I think the downsides ahead, the number.
Alex Jones
Of the morning, the cpi, oh, maybe coming in a little bit better than expected. 2.7%. A little light here. I'm not calling, I'm just reading the headlines here. Year over year to 7ex food and energy core to 6. So 4, 10 off. That is a very good number here. And it really, I have not looked at the internals. I'll look at them now. But it suggests that the internals are good as well. Let's see, year over year over the last 12 months. There is no month to month, but some guys will be able to calculate seasonally adjusted index for all items as food energy rose 0.2% over the two months. So correct my math here, Michael Santoli, but 0.2 divided by 2 is point 1. Yeah. So therefore that's a very, very low monthly rate here. The index for shelter increase. So you did get a really nice decline in, in shelter, which was.02. So that was 0.1 per month. For those that don't know, who haven't read the Quran, it's a playbook of how he took over Medina and then the rest is, you know, what Saudi Arabia day. And then 100 years after his death, they had the whole Middle East. And he explains how you come in, you lie, you say you're a friend, then you have your people start stabbing and killing people. Once you're up to about 10%, that drives you out of the town. You take over the town. We have thousands of imams now saying we're taking over. You're all dead. Because they've gone to the global intifada, they've gone to the jihad and multiple acid attacks and, and all these people getting Shot and killed and them covering up. My wife, I told you a few weeks ago, went to this grocery store like 9:30 at night, she's like, hey, you know, kids are asleep, I forgot something, I'm going to store. I'm like, yeah, great, I'm going to bed because I got at 3am next morning, she's like, I'm really upset. A Muslim in a beekeeper suit, you know the, the nightgowns they wear, comes and screams at her and says you shouldn't be on the street at night. You're a woman, somebody could do something to you. And was like screaming at her. She closes the door. So to me that's the red line. And then like I said, I took my 8 year old daughter a few days later on on an amphibious duck tour around downtown. The lake hadn't done that like 10 years with other kids. And I get on the bus on the, the amphibious boat, World War II boat. People know, it's like you look duck adventures Lost Texas. And it's literally all Muslims. I mean they're just everywhere. And so my point is, is that this is and they're ally with the left. They are used for a destabilization force. And Trump just needs to point this out because here's the deal, we're like, oh yeah, there's a lot of Muslims. Why are they about to attack? Because the imams have given the jihad order thousands of clips all over the world saying this is the global intifada. This is when they're ready to make their move. That's why Hamas did all this. This is a global. They think they have enough numbers in Europe, the uk, Australia, New Zealand, Canada. They are now saying we are now going on offense. They have put out their black flags of no surrender. They are coming to literally come after us. And this has just begun.
Steve Bannon
Alex, social media, where do people go to get your show? They're trying to shut you down all the time. Our audience loves you. Was a magnificent presentation tonight. Where do folks go?
Alex Jones
We're still battling in court for the grace of God. We're still here at Infowars, but regardless, real auction on X, the auction channel on rumble. Infowars.com forward slash show. And we're here fighting as hard as ever. Thank you so much T man. And thank you to everybody. And I would say to Trump is no, you weren't too hardcore. You weren't hardcore enough. Cry havoc. Let loose the dogs of information war. Tell the people, conscript them directly, ask them to join you directly and say I need you. Because Trump strong he always like, you know, I can do it. Just no, he has to call on us. Any great leader has to Trump call on the people and we will have victory.
Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Not got a free shot. All these networks lying about the people. The people had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
Jack Posobiec
And where do people like that go.
Peter Navarro
To share the big lie?
Steve Bannon
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.
Alex Jones
Country, this country will be saved.
Jack Posobiec
War Room here's your host, Stephen K. Ban.
Steve Bannon
Thursday the 18th of December, year of our Lord 2025. Want to thank everybody associated with letting us go and do the analysis last night after the President's address to the nation went to about 11 o', clock, packed, had just great participation. Really want to thank Alex Jones. You just saw Alex right there. Cry havoc and unleash the dogs of information war. Couldn't have been better. I mean, just incredible, incredible participation last night off the President's. How do I say this? He came in a little hot, right, which we love here in the war room. And guess what? Suck on this. Inflation is cooling. God, do I wish he had that speech tonight instead of last night with this inflation number. E.J. antonio. Okay, we got talk about cry havoc and unleash the dogs of information war. We have Matt Boyle, we have Jack posobec, we have Dr. Peter Navarro, Garland Favorito from Georgia about Fani Willis. But we're going to start with the great E.J. antoni. E.J. laid out for me. You saw between Harvard professors and the crew over at Squawk Box, there were a kind of face plants this morning where they were all set to just be jumping on trump. This inflation's out of control. Affordability, Affordability, affordability. That word did not cross their lips. E.J. why was that, sir?
E.J. Antoni
Well, Steve, thanks for having me back. I would say they weren't using that word because today it's not politically profitable for them to do so. Look, the data just doesn't, doesn't fit their narrative anymore. Things are in fact getting better. And I think the most telling piece of data that, that really clues us in on that is the Fact that if we look at, let's take into account both prices, but also people's earnings. In other words, what can your weekly paycheck buy compared to, let's say January when Trump took office and then let's say January of 2021 when Biden took office. What we saw under Biden was the average American's inflation adjusted weekly paycheck falling 4%. Again, that means that you can buy 4% less with your paycheck. So yes, it's true. Under Biden, paychecks got much, much bigger, people were paid more. But prices rose a lot faster than that earnings growth. So that's why we got an affordability crisis. That's why we had a cost of living crisis, because prices rose so much faster than wages. But this year, Trump has completely flipped that script. And now what we're seeing is earnings growth that is outpacing inflation so far since January. Now with today's data, we see that earnings have risen about 1.6% above inflation. So again, going back to this idea of not just that we want people's paychecks to get bigger, but we want those paychecks to actually buy more. That's exactly what we're seeing this year under Trump. So that tells us two things right off the bat, Steve. Number one, things are getting better, not worse. So there's improvement there. But number two, and I think the vice president really spoke to this in Pennsylvania earlier this week, we have not yet undone all of the damage from the Biden years. Obviously, 1.6% growth is not equal to a 4, 4% decrease. So we are making progress. But again, the reason people are hurting today is because we haven't yet undone all of the damage from Biden. So we're heading in the right direction, but we got to keep going.
Steve Bannon
And the benefits of the big beautiful bill, the capital expenditure, the huge write offs you can do in what I call period zero. As soon as you do it. That is all about to kick in. That is what Scott Bessen keeps saying about the end of the first quarter, the second quarter, when you really start talking about growth. Because I think the Atlanta Fed the other day said we're close to 4%. Right? So you got growth, GDP growth, you've got jobs and you've got higher wages. All that's really to kick in even more than the 1.6% growth with this massive focus on returning manufacturing and high value added high paying jobs here through the United States. Correct?
E.J. Antoni
Absolutely, Steve. I think you really hit the nail on the head There the tax bill is going to help a lot of Americans be able to decrease their withholdings. That means they, they don't have to have as much withheld from their paychecks for taxes. So you're going to see people's take home pay go up. That's really important. You're increasing not just people's after tax income but also their after inflation income. Really, really positive news there. You're also going to see a lot of folks get a bigger than expected tax return in April 15th. So look, next year file your taxes sooner rather than later so you can get that refund sooner rather than later. But also on the business side, you're absolutely right. Full expensing is going to, is going to really be a windfall when it comes to capital growth. And the really interesting thing here with capital growth, Steve, is that it doesn't just accrue the benefits. I mean don't just accrue to capital holders, but also to labor. If you really want the wage rate to go up, the price of labor to go up, the best way to do that is actually by increasing capital expenditure. And a really quick thought experiment shows that if you're in a worker in a manufacturing plant and you're putting something together by hand, you're much less productive than if the owner of that factory hands you power tools. And now you can do 10 or 20 or 30 times as much work. By doing more work and being more productive, that labor can command a higher wage rate. And so the big capital investment that we've actually already seen start this year but should really kick in as you said Steve, next year I think is going to help further drive wage increases for Americans. And that also is a very important point, right? This is wage growth for Americans. What we've seen so far this year has been essentially all of the net job growth in this country going to native born Americans, foreign born workers, their employment level is flat, it's actually down slightly. So all net job growth is in the private sector and it's going to native born Americans and their wage growth is outpacing inflation. That is all great news.
Steve Bannon
That is all great news. E.J. and Tony, where do people go to get you on social media to find up all the charts you're putting up?
E.J. Antoni
Best place to find me, Steve is on X the handle there is Eel EJ Antony.
Steve Bannon
Thank you sir, appreciate you. Great economic analysis on a great day for the Trump economy. Matt Boyle. Boyle. I wish the President the speech was dense, right? The Warren Posse, you know, but they can understand it and what we're cause we talk about this every day. But I wish the President had stepped back a little bit and try to explain like EJ And Tony try to frame exactly what he's doing economically and now how and it'd be great. The morning after they 2.7 versus 3 and squawk box the haters over there are gobsmacked. Your thoughts on the speech overall sir?
Matt Boyle
Yeah, well look, I would call it the investment we trust address. Right. Like this is what we've all been saying across the MAGA movement is that Scott Besant who is arguably the brightest economic mind in the nation in the world has been predicting a first half economic boom next year and the President laid out exactly how he has been building towards that over the course of this year. Yes, he was very aggressive in terms of laying the blame at the feet of Joe Biden and the Democrats but also laid out what he's done and is doing to get things done better for next year.
Steve Bannon
It's part of this. Matt, you're going to hold through the break. We got about a minute here was part of that. Maybe we jumped the gun a little bit on the golden age. You got to frame it better that exactly what he inherited because he inherited. We are such a deep hole and maybe we didn't take enough time early on to explain to the American people away from a campaign but actually after you get in and walk through things, hey this is the hole we're in. We're going to have to dig it. It's going to take us a year or two to dig ourselves out. Do you think that this last night was the the kind of reversing that we're in the golden age?
Matt Boyle
Yeah. But I also think you know again feelings and rhetoric aside, what matters is is the actual numbers and we're seeing the proof out there right now that the economy is bouncing back.
Alex Jones
Boy.
Steve Bannon
Hang on. We're going to hold you through the break. Cry havoc and unleash the dogs of of information or you don't have a better one then Matt Bull and Jack Posovic. How about that Back to back post is going to be up here. Dr. Navarro is going to follow. Matt. We got a We're pretty packed this morning. Sam Tenenhaus. We're going to continue on with the story of Bill Buckley and the revolution Birch Gold. Best way to get in touch with Philip Patrick and the team. Philip's going to be with us at amfest. I think he's going to co host tomorrow. Take your Phone out and text Bannon B A N N o N at 989-898. You get the ultimate guide for investing in gold and precious metals in the age of Trump. No obligation, totally free. You can go through, see all the methodologies. Most importantly, get in touch with Philip and his team. Silver now more expensive than a barrel of oil. Think about that for a second. Reaching all time highs. There's a lot of politicians that should be getting coal in their stockings for Christmas. But Birchgold thinks as a smart planner, you deserve silver. That's why for every $5,000 you purchase between now and December 22nd, Birchgold will send you an ounce of silver free. Remember, silver is up over 60% this year and over $60 an ounce. You see, smart people diversify and have a hedge. That's why I encourage you to buy gold from Birch Gold. With the rate cuts from the Fed in 2026, the dollar will be worth less. And what happens if the AI bubble burst? Diversify. Let Birchgold Group help you convert an existing IRA or 401K into a tax sheltered IRA and physical gold. Let me repeat that. Physical gold. And for every $5,000 you buy, you'll get an ounce of silver for your stocking or for your kids. What a great way to teach them about saving smartly. Just text my name, Bannon B A N N o n to 989-898 to claim your eligibility for this offer. Again, text Bannon B A N N o N to the number 989-898 today because Birch Gold's free silver with qualifying purchase promotion ends the 22nd of December of this year. Make sure you text Bannon 298-9898. Do it today. Kill America's voice Family. Are you on Getter yet?
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E.J. Antoni
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Steve Bannon
Like I said. Check out Birch Gold today. Gold's nearing all time highs. Silver all time highs. They got a special buy $5,000 worth of gold you get. They'll throw an ounce of silver in there. Up till December 22nd. So go talk to him today. It's not the price, it's the process. Trust the process. They will teach you how and why gold has been a hedge. And now, because the eu, if I get Harnwell in the second half, not him tomorrow morning, the EU is now focused on stealing the Russian people's assets. Yo, Putin said you do. That's an act of war. So I don't know, maybe they, maybe they're ready to throw down hard, but this thing's going to get pretty gnarly over there. Matt Boyle, President Trump's been office now 332 days and we have 321 days until the midterm election. So basically this is kind of a halftime report. Give us your, give us a quick summary of how you think the halftime report played last night in broadcast tv. Not to the Warren Posse, not to the Breitbart audience. They know this stuff. And most importantly, what's the second half? What are the action steps in the President Trump, I think, is receiving the kick to start the second half. What do you got for us?
Matt Boyle
Yeah, well, it feels a lot like, you know, again, President Trump is wholesale rejecting the establishment media and Democrat narrative that he's somehow not, you know, getting the economy going and that he's somehow responsible for this. And he's speaking a different language than the people on CNBC and whatnot. But here's the problem. You see it this morning, by the way, we with cnbc, when the inflation numbers come out, I mean, go watch their panel, right? Like they can't explain how this happened, right. Like they're a mess.
Alex Jones
Right.
Matt Boyle
Like, you know what it reminds me of? It reminds me of about a month after the Republican convention last year. And, you know, right in the aftermath of the Democrat convention, a month or so after President Trump was shot, Remember, the media, the establishment media is riding high. They think Kamala Harris is running away with the, the presidential election.
E.J. Antoni
Yeah.
Matt Boyle
I went down to Mar A Lago with Alex Marlowe, our editor in chief here at Breitbart. We did a joint interview with the president. And it was interesting because Mar A Lago was closed. So I've never actually been there other than this time when Mar A Lago was closed. So the only people there were the president and his campaign staff. Like the innermost sanctum of the organization. It wasn't like it is in the winter months. It was like in August or so we're trying to talk to him about, you know, the threats of Kamala Harris and all this stuff. And he's just like, totally of the mindset that this entire thing is fake, fabricated and made up and that Kamala Harris is going down in flames, by the way, two months later, he ends up being proven exactly right. Right. So it's like this is. It feels like another time where, like all the Democrat narrative about affordability and in their efforts to try to, you know, slam Trump with inflation in the economy, they could be hoisting themselves on their own petard here. They should be very careful. If I were the Democrats, a piece of advice to them is that if they are going to make the entire election about the economy, okay. I think that's a fight that President Trump wants to have big time. President Trump wants to have this debate. He thinks that the economy's coming back. And again, to the point I was making there before the break, about how this was the investment we trust address. Right. Again, if Bessen is right, and there's a really good chance that he is, let's be clear, right. Like, he's, again, the brightest economic mind probably in the world. If Scott Bessen is right about the economy going to boom in the first half of next year, people are going to feel that ahead of the midterm elections. And guess what? The party in power is going to do. Well, remember what Jimmy Carville said, it's the economy stupid. Well, if it's the economy, stupid and the Democrats want to help Trump make the case that the election is bad about the economy, this could actually mean the Republicans could maybe even eke out a victory in November next year.
Steve Bannon
No, no.
Matt Boyle
But at halftime, I think things are looking pretty good for Trump right now.
Steve Bannon
You got a lot of stuff that has not been done. We need more populism, more nationalism, more going off the deep state. But I want to show some disturbing footage because I got a big problem with that. Scott Bessant, he knows a contributor here for years. He's worked on this economic plan for years. You're right. It's in Besson. We trust he's got a plan. President Trump is one of the architects of it, obviously, but you need some managers like Besson to oversee it. Let's do last night after the speech, very disturbing incident with the Secret Service and Code Pink. And as you remember, Code Pink was one of the biggest enemies of Andrew Breitbart. Let's go ahead and play this video and I'll have Boyle make some observations. We have a special guest here, and we want to make a toast for the Secretary of Treasury. Scott Vesson. Oh, yeah. So let's give it up for the man who is eating in peace as people starve across the world based on his sanctions, which are economic warfare.
Matt Boyle
Of course you're gonna boo this.
Steve Bannon
It's the truth. He oversees the death of 600,000 people due to sanctions annually. And this president, let's cheer to the Monroe Doctrine.
E.J. Antoni
Trump today said the Venezuelan oil.
Steve Bannon
And you have no idea how you are ignorant.
E.J. Antoni
You are responsible for the death of.
Steve Bannon
600,000 people annually because of sanctions. How many people are going to die because the blood is on your hands?
Jack Posobiec
The blood is on your hands.
Steve Bannon
You should be ashamed.
E.J. Antoni
Should not be.
Steve Bannon
Able to eat in peace. So we're here at a restaurant in Washington, D.C. right before Trump was about to announce the accomplishments of this administration and what's to come. Okay, thank you, Denver. The Secretary of Treasury was having a dinner. They had to get moved. I don't know if the Secret Service had done a total sweep, but once again, this was like Joe's Crab Shack when the president went, where's the Secret Service? Why don't they step in and interview Code Pink are group of very dangerous, dangerous individuals. They hated Andrew Breitbart. Andrew Breitbart fought with these people all the time. And Andrew Breitbart used to say about how dangerous these folks were. How can the secretary treasury, which I would argue along with Stephen Miller and, and Marco Rubio and the secretary are really the three go to guys in this administration for the president. How do we have exposed the most important Secretary of Treasury? I don't know in the last hundred years or so, sir.
Matt Boyle
Well, I mean, that's a clear security failure. And so I hope that there are answers getting made there. But I would just say, politically, does that sound like a party and a movement on the left that is winning?
Steve Bannon
Right.
Matt Boyle
They sound unhinged and crazy, right? Like in desperate. So, again, the establishment media narrative, it feels a lot like at the height of Kamala Harris's quote unquote campaign last year, when she was the entire establishment media, right, in the aftermath of the Democrat National Convention, they thought she was going to sweep into the White House and win all seven swing states. And maybe more than that. Obviously, she lost all seven swing states and the national popular vote. But again, the fact is that the Code Pink people who speak for the Democrat Party at this point do not feel like a party or a movement that is actually winning. So they can keep trying to tell themselves this, that they're winning, but are they actually winning? I think as Evidenced by that type of a moment. It feels a lot like, you know, remember we would see these instances over the last several years in the lead up to the 2024 election where they would confront Trump, Trump aligned people in public places. It never worked out for them. And so I think that if they continue to behave like this, we're going to see a very different debate and whatnot going into next year. And I think that as the economy, economic numbers continue to surge back again, you see the inflation numbers today. And to your point too, about the increased economic nationalist agenda. Right. More deportations, not less. Right. Like more border enforcement, not less. More tariffs, not less. Right. So these 1776 bonuses that are going out to the warriors, the warrior dividends is what the president's calling them. That's because of the tariffs. Right. That costs two and a half billion dollars or something like that. But that's a drop in the bucket because of the tariff revenue.
Steve Bannon
Right.
Matt Boyle
Like they can do all sorts of great things with the tariff revenue. So they need to just keep drilling down on this and using the America's economic leverage. That's the whole America first experiment. And it's being proven correct day in and day out here. After the hole we had to dig out of.
Steve Bannon
Yeah. Between the Republican establishment trying to shut us down in Indianapolis on the redistricting, what's happening in the Senate because the Mitch McConnell plan is still there. Still, you know, still, you know, no filibuster, no recess appointments. No, no, you know, the blue slips are still there. All of it. You are. Because some of the hardest core like Alex Jones and Pepe's and say we need more action on the core things. You do agree. We need, we need mass deportations. We need to make sure the borders remain sealed. Right. We need the military all over these cartels. We can't. More tariffs. You can't be too tough because you see, we're against whether it's in Providence, Rhode island or Savannah, Georgia, or what happened last night in D.C. and Adam Morgan, you can't get crazier than the opposition here. Correct?
Matt Boyle
Correct. And by the way, I would say to your point about the Republican establishment, old guard, they're still out there. They're still playing. Like we did big stories recently about how the George W. Bush wing of the Republican Party, they're out there plotting for what comes after Trump. They're already planning it. Right. And I would say that there's still an infection in the highest levels of the Republican Party. I call it the Paul Ryan infection. Right. Like I mean, this Paul Ryanism is still. I mean, you see it with the health care debate playing out right now, right? Like and whatnot. Right. There's still some Paul Ryan infection around. We need some magabiotics to wipe out that. That Paul Ryan infection.
Steve Bannon
Right?
Matt Boyle
But this, again, there's still establishment Republican types out there trying to subvert President Trump in the agenda. But the answer is double down, triple down.
Steve Bannon
Amen. From Matt Boyle. Brother, where's your social media? How do people get you over at Breitbart.
Matt Boyle
Yeah. @ emboyle1 on X Twitter, and then at RealMap Oil on True Social. And just go to Breitbart.com our team's working around the.
Steve Bannon
Block. Thank you, brother. Appreciate you. Another contributor, Jim Rickards. Rickardswarroom.com that's a landing page. You get access to strategic intelligence, which is based upon predictive analytics. Chairman of the board and CEOs throughout the world read it every month. Maybe you should, too. Go check it out today. And he throws in a free book, Money GPT, about artificial intelligence and fiat currency. Short break. The All Family pharmacy Black Friday Buy one, get one free is here. And this is your moment to take control of your health and step outside the grip of big pharma and the corporate medical machine. From November 24th through December 2nd, when you buy one ivermectin hydroxychloroquine, you get another one free. This is about preparedness. This is about independence. This is about refusing to let anyone else dictate how you protect yourself and your family. That is freedom. Here's the process. Go to allfamilypharmacy.com Bannon place your order and a licensed physician reviews it's. Once approved, your medication ships directly to you at your home. Fast, private, secure. Let me repeat that. Here's the process. You go to allfamilypharmacy.com Ben and place your order and a licensed physician reviews it. Once approved, your medication ships directly to your home. It's fast, it's private, it's secure. This Black Friday event lasts only one week and supplies are limited. When it's gone, it's gone. There are no extensions and no second chances on this inventory. Do not wait for permission and do not rely on a system that has failed so many times. Visit allfamilypharmacy.com Bannon that's one word. Allfamilypharmacy.com Bannon before December 2nd and lock in your Black Friday. Buy one, get one free. Deal. Take control of your health. Stay Independent Stay free War Room.
Jack Posobiec
Here'S your host, Stephen K.
Steve Bannon
Ban JACK Posobic it's gotten even crazier and crazier. I know last night even more conversations. Some federal officials talking to people I think getting blown off. Now Fox I think has put up footage or actually when we were told there was no, there was no access to this lecture hall or classroom or whatever you want to call it. There actually is, they were cameras. They've got photos of it now up on Fox Digital. I think I just put it up on, on, on getter. Give us an update.
Jack Posobiec
Sir, about the Fox Digital because they've been, they've been cracking down hard on this story on Tyler Robinson, a number of the other cases out there. And so I, I really, really appreciate what they've been doing and they've come a long way just in the last couple of years. So huge shout out to those guys and so many people that are out there digging through on the Internet shout out to the anons by the way that are digging nonstop. Look, Steve, these questions are now coming up at Brown University and what you're seeing at Brown University, which runs the city of Providence, people need to understand this. This is a D E I nightmare. You got the migrant police chief who can't even speak English. He switches over to, he switches over to Spanish half the time and he's sitting there having conversations in Spanish. People can't understand what's going on. Imagine if you got a kid that's going there or any kid at any school knowing that someone's there, targeting, they're running around shooting these students like Ella Cook and the others that are there and then disappears and vanishes. They let the students go home, which means the witnesses have left, which means potentially the, the, the suspect and whatever accomplices they may have had of now because now there's a second person of interest. They're floating around, have no idea who it is. And we get a question, we get a question yesterday at the press conference that when I was in the White House, I didn't even see this question. Watch the press conference after Steve, where they asked him did you interview the students? And the, the police chief up there admits that he hasn't even interviewed the student victims yet, that they haven't even talked to them about what happened in the room. Haven't even gotten based the basics, the who, what, where, when, why, what was the description? Did he say? That's why they can't say when they're sitting up there, Steve, they're saying we have no information if he said anything. We have no information on the culture. We have no information on the background. That's because you didn't do the interview. That's because you didn't do the interview. You didn't ask whether or not they said anything. This is, it's, it's horrific, Steve Every single one of them, from President Christina Paxson on down, they all need to resign, they all need to be fired. And at this point, you even have Elise Stefanik up there saying it, and I totally back this. Congress should haul them in immediately because I guarantee that every single one of these institutions up and down the line there are getting federal funds. They need to cut that.
Steve Bannon
Today. Jack we also need, I mean, the FBI is going to be much more aggressive here in the Justice Department. This thing is such a debacle to know yesterday after, by the way, they were asked this question before and they kind of bobbed and weaved around it, but when they were pressed, they have. They didn't even interview the students. And I'm not so sure they've actually done thorough interviews with some of the victims, people who are actually shot. Isn't it time? And we gotta find out, because parents are talking, victims are talking about Ella Cook. We need to know that, because you have 33,000 chapters or 85,000 chapters now in high schools and colleges of Turning Point after the assassination of Charlie Kirk. Young conservatives are coming out more than ever. There are tens, if not hundreds of thousands of Ella Cooks out there in this country that are in relatively hostile or real hostile environments where they're showing their bravery every day by saying, I'm a conservative. These my values. I'm going to try to build an organization here. Every one of those kids is in jeopardy because these, you saw it last night with Scott Bessant. These people are just one level up from animals. They are the violence of the left, the violence of the Red Green alliance, the progressives, the neo Marxists with the jihadists is simply out of control and they don't see any pushback. So that's why somebody's got to step in here. We need to find out about Ella Cook and parents throughout the country and other young people need to know. We need to know the fact. Was she targeted and if she was targeted, what happened to.
Jack Posobiec
Her? JACK POSOBIC Look, Steve, I'll say this. Obviously, in the wake of Charlie Kirk's murder, which occurred on campus, by the way, something that I think needs to be understood. So when we talk about these two situations, we are talking about two murders of conservative activists which took place on campus within a couple of months of each other. And am I saying they're connected? No, I am saying that there are certain elements that establish a pattern here. But I will say this. Turning Point USA is taking security extremely seriously this weekend at Amfest. I'm fly and I'll. And I'll just say this. I'm flying to Amfest today. I am taking my family to Amfest. I am taking my children there. That I do trust. The security at Amfest, it has been increased. I've seen the security plan. It's very.
Alex Jones
Strong.
Jack Posobiec
But. But also, also as an added precaution, I am making sure to up my personal level of security for myself, for Tanya Tay and for our children while we are there on the premises and moving around different locations, simply in the wake of the Ella Cook murder and of course, obviously Charlie Kirk's murder as well. There's too much that's gone on. There's too much at stake. And look, if someone wants to come for me, they can come for me. But with my family, I'm not taking any chances. Steve, Security absolutely has to be paramount. And Turning Point USA is taking it very, very.
Steve Bannon
Seriously. I.
Jack Posobiec
Agree. Real America's Voice as well as, by the way, and I'll just say it's not just private security. There's going to be. It's. There are. We have security partners all the way up to and including, by the way, Federal law enforcement. J.D. vance will be there. That means we got Secret Service, we've got elements of federal security. I don't want to get into too much of it and as well as state and city there in Arizona and the city of.
Steve Bannon
Phoenix. No, we support Turning Point and Real America's Voice making a huge effort out there. And obviously everybody's very focused on security and people are thinking it through. But there are hundreds of thousands in this country inspired by Charlie Kirk and really driven forward now by his assassination that are the Ella Cooks. Her bravery is unbelievable. Brown University is a cesspool of neo Marxist jihadist. Okay, A cesspool. And you see those adults up there? It's a clown show. The president University. It's a prosecutor. It's a clown show. It's disgusting. Revolting clown show. And this shows you her bravery. And there's hundreds of thousands of kids out there. We need to know and we don't. I don't care who does it, but we need. Because the local authorities are not going to do it. We need the FBI or Justice Department. To step in there. We need to find out if they can't find the shooter. That's a process they got to go through. They can tell us what happened in that classroom and our lecture hall, and they can tell us what happened to Ella Cook. We need to know that.
Jack Posobiec
Sir. We need to know it. We also, it's clear at this point the FBI needs to take over the investigation. And I would also add that Brown University should be part of the investigation as well because of their negligence here. Because there's an awful lot of questions about. About these cameras. Why was there a surveillance gap in these parts of the buildings? Why would that gap exist? Were those cameras turned off deliberately? Did this have to do with those protests over? And Steve, remember, this was a whole narrative back. Go back to spring. Go back to summer of 2025. There was a whole narrative about the Palestinian protesters and these. These arch leftist protests, and they were occupying the campuses and the deportations that were going on, student visas were being canceled, and along came all of these progressive groups saying, you need to turn the cameras off because we don't want people to be able to identify the federal government, to be able to identify a Marco Rubio to come in and Kristi Noem to come in and cancel those visas. So is it true? Is it true that those cameras were deliberately disabled? That you created your own surveillance gaps? And whether it was done for politics or not, we need to know the answer. Was this done for politics? And did you deliberately drop the security and safety of your students? We need to know the answers. And that's why there needs to be a federal investigation into Brown University and what exactly was done there. Because your students were not safe. They were not put in a position where they could be safe. Where there is a mass shooter, there is a mass active shooter who is on the run currently right now. And we need to know what happened, and we need to know why you were not keeping your students safe. And Steve, those facts are already in evidence, all right? Those facts are already in evidence. So we need the federal investig. The federalization of the investigation into the manhunt. But we. Of this manhunt of the shooter and possible accomplices. Right? Because now we see the second person of interest, who they're saying may be an accomplice, they're asking people to identify. Looks female to me, but, you know, we'll see. And now we need a federal investigation separately into the conduct of Brown University and this president, Christina Paxson. Did you give an order to shut down those cameras? Was there an order to shut down the cameras? If there was an order, who gave that order? All of these questions need to be answered, Steve, because look, Turning Point usa. We got chapters all across the country. Club America. We got chapters all across the country. And this is. Is what terrorism does. Terrorism creates a chilling effect. They want you to say, well, I don't want my.
E.J. Antoni
Kid.
Jack Posobiec
Yeah. Going to that class, going to that group. I don't want my kid going in there. Wait, they could be targeted too. Maybe they can join Bible study. Maybe they could go do something else. But I don't want my kid targeted. That's exactly the conversation. And I say this as a parent. I get it. All right? I get it. I say this as a parent, that I know how that feels like and I know exactly what that feels like. That's what the enemy wants you to think. And unfortunately, Steve, we are not seeing appropriate action from the federal government being taken against.
Steve Bannon
It. That woman was in the middle of a nest of frickin vipers. Vipers. And we owe it to her and her memory to get to the bottom of this today. No more delays. The FBI. I don't know what you're doing. Step in there. I don't need to have some legal mumbo jumbo. You're the DOJ and the FBI. Step in and take this thing over. Jack Bosobik. Where do people.
Jack Posobiec
Go? Look, I got a punch. The podcast is Human Events Daily. I'm actually catching a flight. We're going out to Phoenix, Arizona right now. America Fest. 30,000 patriots will be there, Steve. 30,000. This thing sold out within minutes. And this will be the very first AM Fest. Will be there all weekend. You'll be there as well. The war room posse will be well represented. This is the first one without Charlie. And I'll just say this, the worst thing that we could possibly do for Charlie Kirk's legacy would be to stop, would be to quit, would be to surrender. Charlie was never about that. Charlie was about the fight. And Charlie would be the very first one to say if my. If I drop the microphone, it's your job to pick it up. Every single one of you, out of there and back me up. Backfill me. As you said once to me and Charlie. Steve, you said this once to me and.
Steve Bannon
Charlie. Next man up, Jack Veck. Thank you. We'll see you out there. 30,000 patriots. And Charlie Kirk gave his life for this and we are not going to drop the ball. Thank you, sir. Appreciate.
Jack Posobiec
You. Thank.
Steve Bannon
You. Peter Navaro joins us by phone. Dr. Navarro, your assessment? First off, I was going to get your assessment of the speech, but but the CNBC squawk box where you normally hang out, they face planned this morning about the inflation number. Can you give me a minute on that? I'm going to hold you through the break. What about inflation.
Peter Navarro
Sir? That was exactly what we said was happening in this country. That was a beautiful print. Steve, I don't know if you know this, but if that keeps going that way, the inflation rate is going to drop to 1.2% year over year, which is well below the Fed target. So you saw the stock market rally, you saw the bond market rally and this is what Trump nomics looks like. So yeah, it's too bad that print didn't come out before the president's speech last night because he could have rubbed that in the face of all the naysayers. Good.
Steve Bannon
Print. A good print. It's a great print. Peter, I know you've been tied up this morning. We're going to hold you through the break. I got a couple more questions. But brother, when that print came across, you should have seen squawk. You should have seen CN cnn. They were all set right there to jump on and it was a full face plant. Dr. Peter Navarro joins us by phone. We're going to take a short commercial break. We're going to return in a moment. We got a lot to get through. Sam Tannenhouse is going to join us. Gabe Kaminsky is going to join us. Gabe Kaminsky got pretty pretty startling story about the Chinese Communist Party and some of these do gooder climate change environmental groups. Who's actually doing what? Who's paying for it? Who's benefiting from all of it? Dr. Peter Navarro next short commercial break. Back in a moment. Imagine having the world's most connected financial insider feeding you vital information, the kind of information only a handful of people have access to and that could create a fortune for those who know what to do with it. That's exactly what you get when you join our frequent guest and contributor Jim Rickards in his elite research service, Strategic Intelligence. Inside Strategic Intelligence. You'll hear directly from Jim and receive critical updates on major financial and political events and before they hit the mainstream news, he'll put you in front of the story and tell you exactly what moves to make for your best chance to profit as a proud American. You do not want to be caught off guard. Sign up for Strategic Intelligence right now at your our exclusive website. That's Rickards War Room.com Rickards War Room.com. you go there, you get strategic intelligence based upon predictive analytics. Do it today, right now. Rickards war room dot.
Alex Jones
Com. War.
Jack Posobiec
Room. Here's your host, Stephen K.
Steve Bannon
Ban. Dr. Navarro, I know you got a big meeting coming up. You only got a few minutes, but your tariffs have generated. You're the architect under President Trump of these tariffs. You've been fighting for this for decades, generating enough cash now to pay the troops a little bonus. Things are coming in, you know, you and Bessemen working on this, getting capital into the country for manufacturing. Inflation's coming down. A great print today. Tell us the action plan going forward. This was the halftime report last night. 332 days in office, 321 to the midterms, sir. Give me what the opening kickoff is going to be like on the economic.
Peter Navarro
Side. First of all, Steve, that was a stroke of genius. You're bearing the lead. The check that the troops are going to get, what is it, 1776, $1776. No symbolism there whatsoever. But it speaks to the fact that this president just so admires the military in this country will always have their back. And it also speaks to the success of the tariff program because we literally are taking in hundreds of billions of dollars. It's going to be trillions. And one of the themes of the War room, which is, which is so important, is to continually remind the American people, as you did, Steve, for the four years of Biden, of the fiscal cliff. I mean, they were literally driving us over a fiscal cliff. And the president's trade policy, not just defending our factories, our jobs, making our supply chains come on home, it really is going to be the key to fiscal stability in this country and lower interest rates. It's so synergistic. And that's what I love, Steve, about how the President thinks synergistically. The three dimensional chess aspect of how everything fits together. If you lower oil prices, the price of beef goes down, things like that. So what we are doing literally 247 is working on the various aspects on the inflation front. You've got the housing issue, which we're tackling by through deregulation, but also by getting the 20 million illegal aliens out. My fun stat there. It's really extraordinary, Steve. One million illegals is 1% increase in housing costs for the American people. 20 million is a 20% increase just from illegal immigration. So as they're stealing our jobs and driving down our wages, they're driving up our rents, housing costs and even interest rates. And it's worse than that because that's a national average. But they cluster in, in blue states like Chicago and New York. So you get this paradox where the Democrats, through open border policies, increase rents in New York and Chicago, and then people like mom dummy run on rents that are too high and somehow promise they're going to deliver us from that evil. It's like, insane. So we're tackling that. We've obviously already handled the energy issue. But having said that, there's pesky little things like the fact that we don't build refineries anymore, particularly in places like California. We've got to ultimately do that to prevent problems there. We're dealing with electricity costs going up and there's going to be some, some action taken on the role of these data centers and how they contribute too much to that. If you look at, for example, the food, we got egg prices down. If you look at this great print, Steve, today's print, there's a nice little thing in there about eggs, eggs that keep going down. That's a beautiful thing. And then the health care issue, we've really got to tackle that in a way. Here's the thing, Steve. Let me give you, give the war room this little, little fact. It's like every time we throw more money at Obamacare, that money doesn't go to people, it goes to the middlemen who benefit from a system which essentially is an oligopoly and oligopsony, okay? So that money goes in there and all it does is drive up the cost of prescription grubs and insurance and they take the money, not us. So this whole idea is that you can spend your way out of a health care crisis. That's the Democrat stupidity. And Democrats cause inflation, Trump cures it. Democrats cause inflation, Trump cures it. There's gonna be a Navarro drinking game every time. You hear me say that over the next 10 months, you get to, you get to have a, a shot of orange juice because I don't condone alcohol. Okay, okay. But we're, I mean, we're working hard, but the messaging is going to be as, as important as the action. Action, action. Steve. And so always a pleasure to get on the war room and rub that print in Morning Joe's face. And Becky quick, it's like, no.
Steve Bannon
I'd like, come on.
Peter Navarro
Man.
Steve Bannon
Becky. I like Becky. Don't pick on, don't pick on back. Andrew Ross Sorkin. Suck on that. Joe Kernan and Becky are my guys. Dr. Navarro, where do people go? You're putting up so you Just put up something on this Financial Times piece. Where do they go to get your writing, sir? Where they go to get your social.
Peter Navarro
Media? PETER Navarro, Calm. PETER Navarro, Comm. It's the clearinghouse, but there's some, some nice stuff we're doing some really nice videos and threads on X. That's real P. Navarro and of course Getter and Truth Social. So have at it. If you really want to stay abreast of what's going on at the White House, check out my stuff because particularly on the economy, we're really hammering that. But keep doing what you're doing, brother. The war room rules and tip of the spear time. Oh, one last thing, Steve. Yesterday I had to go into the executive clerk's office for some administrative purpose. That's the guy who's in charge, among other things, of all the commissions, right. When somebody gets confirmed at the Senate for a high ranking job, how.
Steve Bannon
Many, how many, how many unfirmed commit we got to bounce. How many unconfirmed commissions do we have, sir? How many? What's the.
Peter Navarro
Number? This is your number for the day and you send a strong message to the US Senate.
E.J. Antoni
207.
Steve Bannon
Wow.
Peter Navarro
Unsafe. Yeah, that's a wow. Okay. You know what that means? That's the force, that multiplier. You put 207 People in running these deep state agencies. You get done, you let them sit in the desk because the Senate doesn't have its act together and you get what we got.
Steve Bannon
Got. We got Dr. Navarro. Thank you. We're going to work on that 207. Now, Gabe Kaminsky on the other side, the Chinese Communist Party all over American energy policy. Next in the war room. Do you owe back taxes or haven't filled in years? Now's the time to resolve your tax matters. When the national conversation around abolishing the income tax system. The IRS is fighting back, improving. It's here to stay by becoming more aggressive than ever before. They're sending out more collection notices, filing more tax liens and and collecting billions more than in recent years. If you owe, the IRS can garnish your wages, levy your bank accounts, seize your retirement, even your home if you owe or haven't filed. It's not a question of the IRS will act, it's when the IRS will act Now. Right now, Tax Network USA is offering a completely free IRS research and discovery call to show you exactly where you stand and what they can stop before it's too late. Their powerful programs and strategies can save you thousands or even eliminate your debt entirely if you qualify. Don't make a costly mistake. Representing yourself or calling the IRS on your own waves your rights and costs you more money. They are not on your side. The IRS is there to get as much money as possible not to help you out. Get protected the right way with Tax Network USA and start the process on settling your tax matters once and for all, beginning today. Call 800-958-1000, that's 1-800-958-1000 or visit taxnetworkusa.com that's tnusa.com Bannon for your free discovery call with Tax Network tnsusa.com Bannon for your free Discovery Call or call 1-800-958-10000. That's 1-800-958/1000 don't let the IRS make the first move. Act.
Date: December 18, 2025
Main Theme:
This episode breaks down the latest economic numbers indicating cooling inflation, discusses the "meltdown" on the political left over those numbers, and investigates possible cover-ups at Brown University concerning a campus shooting tied to conservative activism. Frequent guests—including Matt Boyle, Alex Jones, E.J. Antoni, Jack Posobiec, and Peter Navarro—provide analysis on economic policy, the political climate, campus violence, and the movement’s action steps as the Trump administration nears its first midterm election.
Opening Analysis:
E.J. Antoni's Data Dive ([06:52]):
Policy Mechanisms for Growth:
Midterm Framing:
Media Reaction:
Antoni/Bannon note media’s inability to maintain the affordability crisis narrative after the latest numbers:
Matt Boyle points out establishment media confusion and disarray when the numbers challenged their narrative (“they can’t explain how this happened... they’re a mess” — Matt Boyle, [18:13]).
Strategic Advice:
Policy Achievements:
Navarro and Bannon discuss how tariffs fund bonuses for U.S. troops (“the check that the troops are going to get, what is it, 1776, $1776. No symbolism there whatsoever.” — Peter Navarro, [45:50]), positioning tariffs as not just a market tool but a nationalist initiative.
Boyle advocates for more populist actions: “We need mass deportations. We need to make sure the borders remain sealed. We need the military all over these cartels. More tariffs.” ([26:01])
Bannon: “That's the whole America first experiment. And it's being proven correct day in and day out here.” ([25:45])
Persistent Establishment Opposition:
Brown University Incident:
Broader Movement Security:
Federal Action:
1. E.J. Antoni on Economic Turnaround
"That's why we had a cost of living crisis, because prices rose so much faster than wages. But this year, Trump has completely flipped that script." — E.J. Antoni ([07:43])
2. Matt Boyle on Halftime Assessment "At halftime, I think things are looking pretty good for Trump right now." — Matt Boyle ([21:02])
3. Peter Navarro on Tariff Dividends "The check that the troops are going to get, what is it, 1776, $1776. No symbolism there whatsoever. But it speaks to the fact that this president just so admires the military in this country." — Peter Navarro ([45:50])
4. Jack Posobiec on Brown University Response "The police chief up there admits that he hasn't even interviewed the student victims yet, that they haven't even talked to them about what happened in the room. Haven't even gotten based the basics, the who, what, where, when, why." ([31:22])
5. Steve Bannon on the Left’s Meltdown "This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Not got a free shot. All these networks lying about the people. The people had a belly full of it." — Steve Bannon ([04:39])
Economic Outlook:
The show trumpets a clear, optimistic message: Trump's policies are bringing wage growth ahead of inflation, and more benefits are on the way as capital investments kick in ([09:40], [45:50]). The administration is urged to keep drilling down with populist, America-first policies, and to fight media and establishment attempts to distort or downplay these successes ([25:45], [27:31]).
Movement Vigilance:
Campus violence, especially against conservatives, is framed as a reason for both heightened security and federal oversight of what the panel sees as leftist institutional complicity ([34:34], [37:29]). The movement is called upon to be active, vigilant, and “next man up”—not backing down despite tragedy ([41:57]).
Guest Socials:
Calls to Action:
This summary captures the spirit, substance, and strategic messaging of War Room, Episode 5006, giving listeners and non-listeners alike a comprehensive picture of the debates, developments, and directions ahead for Bannon’s populist movement.