
Episode 5084: Live From Davos Cont; Leading The World Economy ...
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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, I got a free shot.
Birch Gold Representative
All these networks lying about the people.
Steve Bannon
The people have had a belly full of it.
Birch Gold Representative
I know you don't like hearing that.
Steve Bannon
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.
Birch Gold Representative
And where do people like that go.
Steve Bannon
To share the big lie? MAGA MEDIA I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and.
Birch Gold Representative
What is my purpose?
Steve Bannon
If that answer is to save my.
Stephen K. Bannon
Country, this country will be saved.
Jack Posobiec
War ROOM here's your host, Stephen K. Band.
Steve Bannon
Wednesday 21st January at Yervalord 2026. This is the first day, this is day one of President Trump's second year of his second term and it's already been a blockbuster. I want to go to Jason Trennert. Jason, thank you from Strategis. You're one of the most revered contributors we have, you and Scott Besson. We did 30 minutes with the Secretary treasury yesterday from Davos and I asked you to come on as a follow up because you are known on Wall street as being not just a smart guy, but a safe pair of hands and a thoughtful guy. Can you answer me the question? Because you know you're Besson's not a gold bug. Philip Patrick, who runs Birch Gold Base is not a gold buck. Steve Bannon's not. I know you're not. Why is gold approaching five $3,000 an ounce in silver? Almost $100 an ounce, sir.
Jason Trennert
Well, Steve, thanks. Thank you so much for having me on. I will say I want to correct you on two things. One is I'm not in Scott Bessance league and and second, I, I have to say I am a little bit of a gold bug to the extent to which I'm long gold my personal accounts and we've been long gold in our ETF SAMT Strategus Macro Thematic Opportunities Fund which has as its base one of one of its themes is de globalization. Gold is going up.
Steve Bannon
No, but hey, but hang on a second. Hold on, hold on, hold on. I just, I just want to say this because Scott is too. I am obviously this is why we took them on as a sponsor when gold was $1100 ounce because we saw what was happening in the world economy. My point is back in the 80s and 90s, you're not one of those guys because I knew guys that were Gold bugs back then that were like fanatics. And it turns out they may be right and the investment banker crowd might have been wrong.
Jason Trennert
And now you're seeing it.
Steve Bannon
Go ahead, sir.
Jason Trennert
Yeah, no, I'm, trust me, I'm, you know, I've built my entire career out of paper, you know, out of financial assets as opposed to hard assets. So I, you know, I'm a big believer in that, obviously. But I do think there are times when gold comes in handy, and I think this is one of those times because the US has absolutely, in my opinion, there's no chance of the US Losing its reserve currency status. So put that aside. I do think, though, because of a variety of reasons. One is just the accumulation of debt in the United States and other fiat currencies that people want to hedge against paper against, against debt with a hard asset like, like gold. So I think that's one reason. A second reason is, and, and I'm not, I have no sympathy for these guys, but there's a lot of bad guys and oligarchs that looked at what happened to their own holdings after Russia, Ukraine, in which the US Largely seized their assets or made it very difficult for them to transact business. And people are a little bit worried about that. And so central banks, some of the bad guys, want to diversify their holdings out of dollars and into other currencies or gold. All currencies, by the way, are rallying versus gold. Excuse me, they're decreasing versus gold. Gold is rallying versus all fiat currencies. So it's not just a US Problem, it's a problem, widespread issue.
Steve Bannon
It's one thing for, you know, because we've been talking about this and teaching the end of the dollar empire and teaching about gold as a hedge for 5,000 years. It's one thing for retail investors, it's one thing for people to come on and promote gold. It's another thing with central banks. Why are central banks and not baggage. Why are central banks throughout the world. We're now on, I think we're beginning either the third or the fourth year of record purchase by central banks. And I've been told that this recent kind of run up is not so much retail, it's really central banks once again doubling down on this. Why are the central banks, who the last time I looked were in charge of the fiat currencies, and Mark Carney, who's smack talking President Trump and talking to the Chinese in that conference room that they put out the video, talking about helping the Chinese currency become more of A world currency. Right. And he was the head of the bank of England. Why are central banks buying gold now at record rates when they're in charge of the fiat currency, sir?
Jason Trennert
Well, I think, again, I think first of all, I think they're seeing a realignment in the world order. Right. The international rules based order, I think is toast and for good reason because we want to help out the, the, the regular person on the ground as opposed to feeding these elites at these, these very fancy, these very fancy conferences at, at Davos or Bill Dest or where, wherever it is. I do think though, so they're seeing a realignment there and I think they, they also want something hard against all, you know, against what they perceive to be weakening fiat currencies around the world. So they control them, but they also understand that, you know, that the, the G7 is not particularly a good steward of their, of their money and so they're trying to diversify their, their assets there. I think the other thing, Steve, is that there are a lot of institutional investors are underweight hedges against inflation. They're loaded with private equity, loaded with financial public equity, loaded with private credit. And I think they're, they're, they're looking at alternatives just in case this thing goes bad. And if they, if they do it, it's, it's going to be meaningful.
Steve Bannon
You were a big proponent with Scott, kind of an advisor to Scott, and you were thinking at one time of taking a job actually in treasury at the beginning of this term. But this whole thing that we had last shot for supply side tax cuts that focus on manufacturing or focus on optimizing capital investment through tax policy. We just announced a $2.17 trillion deficit for the first year. Scott was on here yesterday, said, hey, look, when we started off, it was 6.9. Deficit to GDP was 6.9%. We're now taking it down to real GDP 5.4. I'm on the path to 3. Are you still confident that on the first day of the second year of Trump's term that the theory of the case that we had that we can actually, the best way to do this is try to, besides doing spending reductions, which is obviously very tough, particularly when you're talking about increasing defense spending again, that you actually can grow your way out of here at least to get down to 3% with the deficit, so it's at least manageable and not spinning out of control as it was during the Biden years?
Jason Trennert
Yeah, Listen, Steve, I think you're absolutely right. You, there's, you Know, traditionally there's a few ways you get out of a big debt crisis. One is just to inflate the currency away. The other is to very, you know, in the old days you would just take over another country and take their resources. President Trump is doing a version of that. I mean, I think at a, in a, in a less bellicose way. And then the other thing is to try to grow your way out. And that's what the US Is trying to do more than any other country in the world. You mentioned the supply side efforts.
Steve Bannon
Hey, Jason, Jason, Jason, Jason. Can we just hang on for one second? We've got Nigel Faraz live on the streets Davos. Going to leave him. Just hang on for one. Let's go to Brian Glenn with Nigel Farage on the streets of Davos.
Brian Glenn
Yes, sir. Steve Bennis says hello. Welcome to war room. Real quickly, I just noticed you walked out of the USA House. Tell us about it.
Nigel Farage
Well, happy birthday, USA. 250 this year, the first Brexit in the world, which goes to show the nation state means everything. It's very interesting. Ten years ago we had the Brexit vote, we had Trump elected and the Davos crowd didn't believe it. They thought it was a short term aberration that would simply disappear. Here we are 10 years on. The main speaker is Donald Trump, followed by Javier Milei at a lower level. I'm here from the United Kingdom, but we've led in the last 200 opinion polls and the winds of change are hitting Davos.
Brian Glenn
Thoughts about a speech that he delivered today to a highly anticipated crowd being a little bit delayed coming in here. Thoughts on that?
Nigel Farage
Yeah, I mean, look, I think on the economics it's pretty unarguable that, you know, if American Q4 growth is 5% or over. I mean, this is stunning. And you look at productivity and everything. So on the economics, he had a very strong case. He told us the Dow's got a double. So I'm looking at call options as we speak. On NATO. I mean, he has done more for NATO than anybody by pushing the Europeans into starting to pay their fair share. And America had saddled the burden for far too long. Where he was wrong was he said that we'd never given anything back. Well, hang on. You know, we stood by you guys in Afghanistan for the whole of the 20 years and pro rata put him the same. So he wasn't right about that. The one thing I'm delighted about is that he's basically vetoed the sellout of Diego Garcia. It's taken the administration a long, long time to wake up to that. But as Steve well knows, as an ex naval man, Diego Garcia is really strategically one of America's most significant bases around the world. The Americans have spoken on that. Now. Greenland's controversial. Greenland's controversial. I would just say this. If you believe in the nation state, if you believe in sovereignty, then you believe in the principle of national self determination. And the job that Trump's got to do is not with the Europeans. The job Trump's got to do is the people that live in Greenland. And whether it begins with an economic partnership, however it goes. But that's where he's got to focus because the wishes of those people have to matter.
Brian Glenn
I know you got to balance thoughts on Venezuela, the situation in Venezuela.
Nigel Farage
Well, it's obviously difficult after what's happened, but thank goodness it has happened. I mean, Maduro I would view as an enemy of the West. And I think with that, I think with the words that he's given to the demonstrators and protection protesters in Iran, I mean, Trump is taking on the enemies of the West. And for that I admire it.
Brian Glenn
God bless you, the great Nazareth Farage. Thank you very much. Thank you for your time. Steve, I'll throw it back to you in the studio earlier real quickly. Obviously he's getting mobbed. Earlier. There was a lot more protesters out here. I will share a brief story with you. I had a young girl from Ukraine and I'm assuming her mom tracked me down here on the streets and said, please stop the war in Ukraine. And I thought that was a very touching moment. She got kind of emotional as well. But it was just a reminder of how big that story is and how much I think President Trump is involved in ending this conflict between Russia and Ukraine.
Steve Bannon
Brian, Steve. Brian, stay right there. We're going to come back to you right after the issue of commercial record. You stick right there. Okay, Jason, real quickly, I know you got to bounce. Talk about you've got a fund that kind of tracks MAGA policies or stocks that you think epitomize President Trump's economic plan. Just heard Nigel there saying, hey, guys, if you're really going to have real, not government growth, but real growth of over 5% in the fourth quarter, that is like astounding. Your thoughts and tell us where to go to get to this, that people can look at this fund you've got that focuses on MAGA.
Jason Trennert
Well, given the fact that we're at close to $40 trillion in debt, I think the only way out is through growing, growing your way out. And I do think the one big beautiful bill creates enormous supply side incentives for companies to build factories, greenfield additions to plant in the United States. And it's very exciting, it's very good. It'll provide growth and it will eventually, in my opinion, lead to productivity, which will keep inflation at bay. So that gives us a chance to to live with our debt without big problems. As you mentioned, we have a fund, Strategus Macro Thematic Opportunities Fund samt. It has three to four themes in it at any given time. One of the core themes that we've had is de globalization. And so we've had a very good run in terms of defense stocks, in terms of the space race, in terms of natural resources and precious metals. So it's worked out. We've performed quite well. Past performance is no guarantee of future performance. But we were very happy at it. And you can get there at www.strujegasasset.com.
Steve Bannon
Thank you, brother. I appreciate you. And you were the first one, you and Scott Besson the second said we got to grow our way out of here. If we hit that fourth quarter number, I think Bess Bessant and Jason are going to be lionized. Sir. Thank you so much. Appreciate you.
Jason Trennert
Thanks. Thanks for having me on.
Steve Bannon
One of the smartest guys on Wall Street. So you had two of you had Scott Bessant, he had Jason Trenor talking about President Trump's policy. President Trump total throwdown today. He did. He went full Peter Navarro. He said the stock market was going to double. What did Nigel say? He's out buying out of the money calls right now. Short commercial break Back in the warm in a moment.
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Stephen K. Bannon
Here's your host, Stephen K. Bannock.
Steve Bannon
Okay, we're gonna go back to the streets of Davos in a moment, but we've got to go to Ben Berkwam's at the Shot Show. Ben, thank you for setting up that great interview with the Deputy Attorney General yesterday. Todd Blanche. It was very informative to the Warren Posse. Tell me about the Shot show you're leaving. Just give me an overview of what happened, what people should know about it. Because it's, it's the. It's the, like, CES is the ra, you know, the consumer Electronic is the railhead for all the tech guys, and everything is happening in entertainment. Shot show is kind of the coming together of all the Second Amendment folks with the equipment. Sir. How'd it go?
Ben Bergquam
Yeah. If you love the Second Amendment, this is the place to be. By the way, Steve, I know I have not received your Christmas gift yet. I found it here. It's not quite wrapped yet, but the side by side. You know, people talk about razors and side by sides. This is the only side by side I'll ever need. Come on now, Steve. This is. This is what it's all about right here. We pan the camera. If you love the Second Amendment, this is the place to be. Let's turn over here. We got the 50 cal right down here. 50 cals all over the place. You need a 50 cal. We're like Oprah. You get a 50 cal, you get a 50 cal, we get a 50 cal. But I just want to say, speaking of tariffs, if you've got that $2,000 in tariffs coming in, buy a gun, prepare yourself. Buy gun or buy gold. Two GS. Those are the options with the tariff money that President Trump's going to be sending you. All of this, by the way, one thing we do not do, Steve, we do not turn these into fully automatics and send them down to Mexico to the cartels, because the ATF will get you. I was with the ATF all day yesterday along with the Deputy ag, and they are spending so much time now chasing guns that were sent into Mexico because the open borders that Joe Biden created, we're undoing that now. So not only are we controlling the borders, we're getting guns to good guys and taking guns away from bad guys. And I'll be waiting for this.
Steve Bannon
Ben, why has.
Nigel Farage
What?
Steve Bannon
No, no, there is a. There's an economic reason why you're seeing 50 cows all over the place. What is that? Are consumers or people? Is it, is it the sense of where we are as a country? I mean, all of a sudden, in the old days, you wouldn't see that. Now you've got 50 cows in all kinds of different price points, different quality, etc. Why is that?
Ben Bergquam
Look, I think most people realize this. Anyone with a brain realizes we're in a civil war. It might be a mostly bloodless civil war right now, but when you see what's happening in the streets of Minneapolis or Chicago or New York or Portland or Seattle, American citizens, we the people, the law abiding citizens of this country, realize if you live in one of those cities or states, the police aren't there for your safety. In fact, right now, it's the federal law enforcement that's actually doing more for your safety. So the citizens are saying, wait, we have a Second Amendment for a reason. It's not just for hunting, although you can use guns for hunting. The Second Amendment was primarily designed for a citizenry to stand up against a tyrannical government or in some cases, the tyranny within their own cities. And so I think that's a big part of what we have going on. You have a lot of people that say, hey, if the police in Minneapolis aren't going to come to my neighborhood to protect me, we're going to protect ourselves. And with more disposable income because of President Trump. I think, you know, when you have more disposable income, you're going to buy things that are investments. There's no better investment than guns and ammo. And so I think you're seeing a lot of that shift. You got shifts in economies, what people are buying. But in particular, if you can buy an asset that protects you, your family and also increases in value, there's no better asset.
Steve Bannon
So, Ben, you've been actually out in Los Angeles working with folks. I want you to just give a quick tour to Horizon that we're so focused on Minneapolis. I'm going to come back to that in a second with you. We're so focused on Minneapolis, the ice is ramped up in hitting other places Too, right. You want to talk about that? Because every day on Getter, there's another clip from some other place where people are not focused on. But Bovino's got guys all over the place and they're. And they're rolling up the criminal element. Yeah.
Ben Bergquam
Every city in America, ICE is focused on picking up illegals from the worst of the worst. That's their top priority in every single city. But then all the way down the list, if you are here illegally, unlike what Don Lemon says, that's a crime. You don't have a right to be here. You are getting deported. And so ICE is focused on that. While Minneapolis is burning down, ICE is still going into every city. In fact, I was just talking to the guys yesterday. Morale. This is the question I get asked all the time. With all these attacks against ice, with all these lunatics screaming and crying and attacking ice, how is morale? Morale has never been higher. All ICE wants to do, and this goes for all law enforcement in general, all they want to do is their job. And when they get to do their job, because President Trump is allowing them to do their job, they're excited. But I want to caution you, Steve. The scariest thing that the stats I got in LA are shocking. There's over a million, 1.2 million that they know for that they have illegal aliens in the LA region, from San Luis Obispo down to Riverside County. It's a massive area for the LA ICE field office. That area has over a million 1.2 million known illegals set for deportation. They have just over 400 ICE officers. With the new budget coming in, they're planning on doubling that to 800 ICE officers. But think about that. 800 ICE officers for over a million illegals in that geographic region. It's why the left is attacking ice, because they know they can slow them down. That's all they're trying to do. They're obstructing them to protect illegals in the hopes that they'll win in 2026 and then win the presidency in 2028 and then undo everything President Trump and ICE are doing. That's all they're doing. So every day that they're about obstructed, they're allowing illegals, rapists, murderers, child molesters to stay in this country. It's a win for the Democrats, and it's why we, the people in every one of these cities, need to go out with our signs that say, God Bless ice. When you see the ICE protests, go out and counter those ICE protests and just let ICE do their job. That's what has to happen in 2026. We have to get the House, we have to hold the House, we have to get the Senate, get rid of the filibuster and actually inculcate these things into law, because otherwise another Democrat like Joe Biden or the string pullers can come in and do all the undo all the executive orders that President Trump has done. And I don't think we last another four years under another presidency like Joe Biden.
Steve Bannon
If, if they're 1.2 million known 3x that to what's there.
Ben Bergquam
And exactly what's happened in Minneapolis, exactly.
Steve Bannon
Is going to be. It's going to be like a guard. It's going to be like a garden party when you go into Southern California, New York State, Chicago. Okay, let's go back to Minneapolis. Don Lemon, I want everybody in this audience to understand something in particular. All these preachers out there, they're coming for the Christian churches. This thing about Don Lemon, there's a total setup. You got Pam Bondi out there going to be rolling some guys up, is what Solomon tells us. Give us the latest. You are very close to the folks in Minneapolis that are trying to protect people and trying to get these bad hombres out of there. What's the status of Minneapolis this morning?
Ben Bergquam
Yeah, well, look, we're hearing from Pam Bondi. We're hearing. I was talking obviously to the deputy yesterday. Indictments are coming. Face act is going to be used. They used it against people peacefully praying at abortion clinics, which is ridiculous. This is an actual justification to use it. And I sure as hell hope that Don Lemon is part of that indictment. But every single person that was involved in organizing that attack on that church needs to be arrested so that they know that this cannot happen happen in the future. This is, you know, this is. If this does not happen, if we see that injustice that has been perpetrated against peaceful prayer warriors at abortion clinics trying to save babies lives that are. That are prosecuted. But we don't see the prosecutions of these demons that attack churches like we saw. We no longer have equal protection under the law. But I got assurance from Deputy AG Blanche that that's happened, happening. So I'm waiting for the indictments. I think all of America is waiting for those indictments. But beyond that, the organizers, the same NGOs that we were putting billions of dollars in their pockets to invite the invasion into our country, are organizing many of these protests across America, are organizing the attacks against ice. That's the indictments that I really want to see those organizations, those individuals need to be prosecuted. It's got to be a massive RICO case. It's a massive criminal conspiracy across this country to, to obstruct federal law enforcement. And that's the indictments. Those are the indictments that I really want to see. Again, we're talking to Deputy Blanche about it. He says they're working on all of that as we speak.
Steve Bannon
With the Somalians too, because that's throughout the nation also. Ben, where do people go for your show, where they go for your social median?
Ben Bergquam
Berquam is my personal but best place to go is Real America's Voice@Real AM Voice or Real America's Voice. Our new app is incredible. You got to get that, get the exclusive content, become a member. And then all of my social new lawn border episode coming out next Saturday. I'll be heading to D.C. tonight. Stay tuned for that. I'll be with Homan. There's some exciting stuff going on tomorrow. He's getting an award and then we'll be back out with the protesters. And I'll be back out with ICE on Friday. So stay tuned. We are not stopping. We're not slowing down. It's all gas, no brakes.
Steve Bannon
Ben Berkram, thank you so much from the Shot show. Appreciate you. Also, John Yep's gonna be on here. I think John Yep's Catholic organization has given home in the award. He'll be on here to talk about it. Or is he giving home an award at a big event? Let's go to Norman. Do I have Brian Glenn? Is Brian Glenn back on the streets? Brian Glenn, Let me go there first. I'm gonna go back to nor the anti war protest died down. Did you get a chance to ask any of these people about Trump being the peacemaker?
Brian Glenn
By the time we got here, they were already gone, the majority of the anti war people. But this is an interesting story. I had this young girl track me down earlier as we were walking here and I presumably she was with her mom, an older lady, and she said, please, I have a message for you. Please stop the war. Please help us stop the war. And she went on and was speaking mainly in Ukraine. That's about the only thing she could say in English. I thought it was a very touching moment. How I can walk up and down Davos and see the anti war protesters even though President Trump, as we know is will go down as a peacemaker. And I have this young lady track me down. I want to bring in real quickly if I can. Steve, this is A gentleman that I've seen many times in front of the Capitol Hill right there, the White House billboard. Chris, you're here. You're big on stopping the transgender surgeries on kids. Share with the war room. Real quickly, how shocking it is to me that you have not had a lot of hecklers or protesters coming up to you. Why is Davos different than in what we see in Washington?
Steve Bannon
Yeah, I get pretty much unanimous support here. I've only had two negative comments here in two days. And these are all adults. You know, these aren't 23 year old gender studies grads. These are business people.
Stephen K. Bannon
They're here to network.
Steve Bannon
They're here to make money, to make deals, and they didn't grow up with this ideology. And I have overwhelming, enthusiastic support here from the attendees. And it's great because I can create this tension between the attendees and the activists at the top of the World Economic Forum who are pushing this stuff.
Stephen K. Bannon
Yeah.
Brian Glenn
What do you think? Do you think we've seen a kind of, a little bit more of a mass exodus, if you will, from the DEI and the agenda support been incorporated into these corporate handbooks? I mean, you think you have a part of that?
Nigel Farage
Yeah.
Brian Glenn
You've helped push that message.
Steve Bannon
Yeah, 100%.
Ben Bergquam
People are tired of this.
Steve Bannon
These are all parents that are here as well. And they know their girls are girls and their boys are boys and boys. And we shouldn't be sterilizing and maiming children.
Ben Bergquam
This is one of the craziest things.
Steve Bannon
Humanity has ever dreamed of.
Brian Glenn
All right, Steve, we'll continue to be out here. We're right in front of the USA house.
Steve Bannon
Thank you.
Brian Glenn
And we'll, we'll bring you, we'll come.
Steve Bannon
Right back to you. We'll come right back to you after the break.
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Stephen K. Bannon
Here's your host, Stephen K. Bannon.
Steve Bannon
You've heard the World Economic Forum. We're talking about the politics of it and most importantly, the economics of it. 90% of your net worth is in your home. Don't ever forget that. You can't let anybody with AI, cyber, all of it, bad guys, rogue counting, rogue lawyers, rogue relatives, companions. Hometitlelock.com promo code Steve. You get a 14 day free trial on the $1 million triple lock protection. Talk to Natalie Dominguez and the team today. This is a special offer for the war room posse. That's how much they love you. Take advantage of it. Hometitlelock.com, promo code Steve. Go there today, talk to Natalie Dominguez and the team and try the 14 day trial free. The $1 million protection. Also Tax Network USA Cameron Kinsey from the first Trump White House working over there got a special deal for the War on Posse. You get a complete assessment, which costs hundreds, sometimes thousands of dollars of your tax situation. Remember, Scott Bessant's in charge now. He's got a mandate. He's got to get all the money the IRS says you owe. Now, that may be quite different than what you think. That's why you need to bridge the bid in the asked. The way to do it is tnusa.com go there now. Or even better, 800-958-1000 say you remember the war room Warren Posse Bannon. Invoke anything you need to. They'll give you the, the special assessment of how deep your hole is. Or maybe it's not that deep. Take the angst way. Do it today. Nor bin Laden. You've heard the president's speech. You've been doing all the sidebars. We still got a lot more to go. President Trump said bylats. Now, you've heard Nigel Farage on the streets of Davos and you heard, who's my billboard guy? The billboard guy who's everywhere. That guy's great. He's saying the transgender thing, that, that at the top level at Davos, they've thrown in the towel. What say you, ma'?
Ben Bergquam
Am?
Noor bin Laden
I'll start with Nigel Farage remarks on Greenland more specifically, because it goes without saying, and the administration has made it clear that of course, the inhabitants, the 55,000 inhabitants of Greenland, will be part of the deal and will be taken into account. So that's, that's been made very clear. And I wanted to bring up this point because everybody's been screeching about sovereignty, the question of sovereignty over this Greenland issue. And it's been so ironic listening to these major globalists like Ursula Thunder Leyen, like Mark Carney, like Macron, talking about sovereignty when they have done nothing but undermine the sovereignty of their own nations with this massive, massive influx of immigrants for years and years, decades. And that's another part of the speech that I really appreciated that President Trump gave today. He went really hard on immigration, calling out these leaders and these European countries. You know, I'm here, I'm in Switzerland, I sit in Europe. I travel, I travel around Europe. And it just is so dire, the situation here. And he called out specifically the foolish path that various administrations and governments have followed. And President Trump himself is pained to see how parts of the world, especially here in Europe, are being destroyed in front of our very eyes, to use his words as well. So it's just hypocrisy on top of hypocrisy. And with regards to what Billboard Chris said, who's absolutely great with his billboard, I also follow him and what he does. But it's again, so hypocritical because these people behind closed doors in these meetings are the ones that have been pushing all of this so hard. They've pushed the climate scam, made us so. Have put us in such a precarious situation when it comes to energy and energy dependence. They're the ones that have been pushing this immigration nonsense, rendering our countries completely unrecognizable and unsafe. And they're the ones as well, that have been pushing all of this trans identity BS on the world population and who are responsible for the maiming and mutilation of our children. So it's very rich of them to now, you know, pat Billboard Chris on the shoulder and say that they agree with him when they've been pushing this agenda all along.
Steve Bannon
Now that the American people, now the people, like Billboard Chris, awakened people to the danger and has the American people on the side. Noor, hang on one second. I want to get Dr. Bradley Thayer. Dr. Thayer, once you compare and contrast, the globalists in the media right now are saying Trump's a went full gangster. The Nationalists are saying he was Pericles at Athens. What say you, sir?
Stephen K. Bannon
Well, I mean, he was Copernicus, right? He changed the way we think about things. He went into Davos and he said, hey, the Earth goes around the sun. The sun doesn't go around the earth with his truth. Look, yesterday you had Carney. Carney's speech was important for three reasons. First, he's the point man, right? He was speaking for Starmer. He's speaking for the Democrats in the US for the EU elite and for the ccp, for the Chinese Communist Party. He's making the argument for the old regime which. Which profited this Chinese Communist Party and the elite in the U.S. the EU, of course.
Steve Bannon
Canada, Australia. Dr. Thayer, hang on for one second. Dr. Thayer, Hang on. We've got the President live with General CeCe. Let's go live to Davos.
Stephen K. Bannon
Great or just good?
Steve Bannon
Great.
Stephen K. Bannon
Great.
Brian Glenn
What?
Stephen K. Bannon
Great.
General Sisi
Looking.
Stephen K. Bannon
Great.
Steve Bannon
Everything.
Stephen K. Bannon
You ready? Well, thank you very much. A friend of mine is. He was a great general. He's a great president, and it's an honor to have him. And, Mr. President, we have a lot to talk about, so I thought maybe the press might want to ask us a couple of questions after you say a few words. But we had a Wonderful time. And I think we've made a lot of progress so far. In Switzerland, in Davos, made a speech, it's being reviewed quite nicely. And we have a fantastic relationship with Egypt. And the president will call and ask for things and we always are able to work it out. But the relationship's been very strong right from the beginning, from years ago. So I want to thank you very much. Please smile from the right.
General Sisi
Allow me, Mr. President, at the beginning, to extend my thanks and appreciation for you for allowing this opportunity to happen and this meeting with you. And I'd like also to congratulate, congratulate you on a year full of achievements since you came back to office. I'd like also TO thank you, Mr. President, congratulate you for all the achievement, achievements that you have done on one of the toughest files in our part of the world. This is Gaza. I said it before, I reiterate it now. I reemphasize it before our colleagues and before the media. But for President Trump wouldn't have reached an agreement on Gaza. I really would ask you, Mr. President, to continue paying your attention and care, argue your attention and care for this file so that the plan should be implemented. So, President, you've announced the second phase of the Gaza plan. This is very important that it comes forward and it takes effect. And on our part, we'll be standing there ready to provide everything that we can to make this a success. As for the Council of Peace, it is our pleasure to be on the Council of Peace, the Board of Peace. We are very, very happy to be on the Board of Peace, and we are supporting and very happy to be there backing up every effort that can bring about peace in our part of the world and globally as well. I'd like Also to thank Mr. President for your support us in an existential issue. And this is the Gert Grand Renaissance Dam and the river Nile. And for the record and before the press, I'd like just to remind everybody that your excellency did a lot of effort in this regard, in this file in your first term in office. And you almost had a deal. And you've done, you did everything in your power at the time to get this deal done. So, President, accept our highest appreciation and respect.
Stephen K. Bannon
Well, thank you very much. They're talking about the dam that's been built in Ethiopia. It's one of the largest dams in the world, the largest dam in Africa, but it's one of the largest dams anywhere in the world. It was financed by the United States and it basically Blocks the Nile River. You know, when I think of. When I think of Egypt, I think about the Nile more than any other place, in all fairness. But it goes through Ethiopia. And a dam was built, a very big one, Very, very big one. Massive. And it was something that should have been talked about a long time ago when they were building it or financing it. So I got involved at the end of my first term, and I was going to have a deal with. We were going to pretty close to a deal. Then we had a rigged election and I left. And of course, Biden didn't do anything about it because he didn't know. He didn't know he was alive. And, you know, he come back and it's become a very dangerous issue, the dam. And I'll see if I can get that back on track. We were all set to make a deal. We're going to do a joint venture of sorts, and it would have been good. I think it would have been good for both. But it's a dangerous thing. They built a dam where somebody's not getting the water that they are supposed to get and that they've gotten for a million years. And all of a sudden the water flow is blocked by a very massive dam. I wouldn't be happy about it. And, you know, you have a very strong leader in the president, and I hear you have a strong leader in Ethiopia, too. I don't know him as well as I know you, but he's a strong guy. And I'm going to try bringing the two of you together, see if we can make a deal. I appreciate that. Okay. I think he understands me.
General Sisi
Right?
Stephen K. Bannon
I think he understands English better than we do.
Brian Glenn
Okay.
Stephen K. Bannon
You know, a lot of these guys that don't understand. They understand. They understand it very well. But I, I think we'll be able to get. Do something about the dam. The dam's a big problem, but we'll be able to do something. Most importantly, great leader, great guy, and we're there for each other. We've known each other right from before Hillary. It was before Hillary. We met during the campaign with Hillary and we met at a hotel. She was supposed to meet with the president and I was supposed to meet. I went first. And after he met me, he didn't want to meet her. And that was. I said, I like that guy. But we had a. We've had. From that moment on, we had. That was before the election. We've always had a great relationship, and it continues stronger than ever. Thank you very much. Appreciate it. Thank you. Thank you, everybody. Thank you, Press. They have committed to being permanent members of the board.
Noor bin Laden
Thank you, Press.
Stephen K. Bannon
Well, we're going to have a lot. We have a lot of great people that want to join. It's going to be the most prestigious board ever formed. The president is a member. We have major countries and some need parliamentary approval. But for the most part, everybody wants to be on. I have. I have a little bit of the opposite problem. People want to be on and we didn't ask them. They want to get on, but we'll look at the country. So we're going to have. It's. I think it's the greatest board ever formed. And we call it the Board of Peace. That's what it is. It's the Board of Peace. And it started on Gaza. And I appreciate what you said on Gaza because it's true. If we weren't involved, there'd be no peace. It's peace. We have peace in the Middle east now. And you might have Hamas. We have a little flame here and there, but basically that'll be taken out. If they don't get rid of the guns, then they'll be. Then they will be very unhappy people. You know, it's going to have no choice. They will be eliminated. They made a deal to get out. You have Hezbollah in Lebanon. We have to do something there. They're causing a lot of problems, but those are small. We actually have peace in the Middle east and the president was very instrumental. He really helped us one of the most. And we've had great help from a number of countries. But Egypt has been great. The president has been great, and we have peace in the Middle East. It's an amazing thing. Nobody thought we'd ever speak. Now, I would say if we didn't bomb the Iran nuclear plant, they would have had a nuclear weapon within two months. You would not have peace in the Middle East. You wouldn't be able to. Nobody would be able to do that. But that's. That's what gave us peace in the Middle East. Thank you very much, everybody. Thank you, Press. Thank you, Press.
Steve Bannon
Thank you, Press.
Noor bin Laden
Thank you, Press.
Stephen K. Bannon
Thank you, Press.
Steve Bannon
What prompted you to take military off the table for Greenland? You.
Jason Trennert
Thank you.
Steve Bannon
Thank you.
Noor bin Laden
Thank you.
Stephen K. Bannon
We'll see what happens. The military is not on the table. I don't. I don't think it'll be necessary. I really don't.
Jason Trennert
Okay.
Stephen K. Bannon
I think people are going to use better judgment, use their best judgment, and I don't think that will not be necessary.
Noor bin Laden
Thank you.
Jason Trennert
Let's go.
Noor bin Laden
Thank you.
Jack Posobiec
Thank you.
Steve Bannon
Okay, President United States right there with a bilat. That's called a bilat with General Sisi of Egypt. President Trump's very close. We set that meeting up during the UN in 2016 when he was a candidate. Incredible meeting with General Sisi and a real support of President Trump. President Trump once again, peace in the Middle east for all the Israel first crowd understand tomorrow we're going to cover it live. The peace board will meet. Gaza is their first order of business, but it's Qatar writing the checks, the Turks providing the security and Bob's your uncle. So you see what Tel Aviv Levin and Ben Shapiro and others wrought. This is what you got. It's happening. And right there, President Trump said peace in the Middle East. Pretty extraordinary. Jack Bosobic, you join us. Jack, you were in the room. Tell me, how do I have Jack? Jack, you were in the room that we saw the opening. Standing ovation and cheer and you put the great post up. The Davos technicians cut off the sound in the camera when Trump left the stage. How was his, how was President Trump received?
Jack Posobiec
Look, Steve, you know, President Trump left, so there were, there were two times, right? He first left to go and do the sit down interview. So they switched to that portion at that point. There are a lot of people who left the room. They did not stay for the sit down portion here in Davos. Then we also saw for the very final end there. People stood, but I would say they did not clap. They stood, but they did not clap at the final end of President Trump's remarks here.
Steve Bannon
There has been announcement already. The European Parliament has announced that they have stopped work. They put their pencils down after President Trump's speech. They are not working on the trade deal or approving the trade deal between the EU and the United States. Also the, I think it's Denmark, I think the Dane, the guy in charge of Denmark, has announced he has no intention of sitting down with President Trump and talking about any deal that require the United States to take charge or take control or have some sort of strategic relationship with Greenland. Your thoughts, Jack Bosobic?
Jack Posobiec
Well, Steve, of course they're hemming and hawing now, but as you saw in the room here, I'll put it this way, there were not a lot of people in the room who were actually worried about the United States, whether or not they would take over Greenland. And the president United States here, he made a stunning and I would say very calculated strategic pitch when he talked about it. Because of the purpose of the Golden Dome. People have to understand, when you look at the map of Greenland, you look at the map of the United States, any of those intercontinental ballistic missiles, the icbm, whether it's shot off from Russia, China, North Korea, they want to launch a hot one, Iran, if they ever developed ballistic missile technology, if they were targeting Washington, D.C. where would they come? They would come the shortest distance over the top. That means they would be over the North Pole and directly over or within the vicinity of the territory of Greenland. And President Trump explained this is key for the strategic defense of the United States of America. He also went back to history, World War II, the military defense of Greenland after Denmark had been completely occupied by the German army in the early stages of World War II. In 1941, it was the Americans who went and defended it, then used Greenland as part of our land lease program and the air bridge to Europe to air bridge to the UK So his point was very well taken to be, to understand that there's a lot of history here. The United States has done so much for Canada, so much for Europe, and that we have not asked for anything in return. President Trump saying the price is going to be Greenland, just a little bit of ice in a very strategic location.
Steve Bannon
Yeah, but it's absolutely strategic for everybody. We're going to play a short clip. I want you to comment. This is our own, our Spanish language channel at Real America's Voice. Javier Negras, who's the one of the main guys with the show and our White House correspondent on the streets of Davos. Let's play it.
Birch Gold Representative
Hello, Alex, can I make you a question?
Stephen K. Bannon
Are you happy to be in Davos? We are journalists. Yeah. From usa. Are you happy promoting the socialism and the woke agenda? Are you happy? No, no, please way. The communism in New York, Socialism. Are you happy with Trump? Who are you? Are you promoting the socialism? Who are you? I'm promoting the legal immigration all over the world.
Steve Bannon
Jack, we got you out of the trolling business. Kind of. You're trolling Governor Newson. We got you out of the trolling business to be the analyst and, and newsman that you're so great. And now, unfortunately.
Jack Posobiec
I asked him a serious question about the persecution of Christians in Minneapolis. That was a serious question. It was a fair question. And my question by Gavin Newso, he gave me an answer he said he hadn't heard about. I said, that's a little interesting because you know, your buddies over there, Don Lemon, all the rest of it, they all certainly know about it. And so I guess he's going to have to get a little bit better.
Steve Bannon
His answer, because his, his answer, his answer, his answer. His answer. Strained credulity given the fact of how good his social media team is.
Jack Posobiec
I'm not required as what as they say in Hollywood, they requires the willing suspension of disbelief.
Steve Bannon
Okay, we got two minutes. I will talk. Talk, give people, put people in the room, talk about Javier. The streets of. We've picked up Nigel Farage with Brian Glenn. We just had sources, son, with Javier. What are the streets of Davos like, sir?
Jack Posobiec
Well, the streets of Davos, I mean, you really are rubbing elbows just walking here in, even inside the building itself. Jamie Dimon, just Lindsey Graham, of course, running around just a minute ago before we went to air. Then you walk around, we see, we saw Justin Trudeau with Katy Perry on his arm, a rod, believe it or not, Alex Rodriguez there of Major League baseball fame. And so you see the celebrities, you see the world leaders, you see the staffers, you see everyone. Security all over the place. This is tight as a drum. The Polish president here, nosky, speaking earlier today. So you see a lot of security, but at the same time you really do have direct access to some of these high level individuals. Alex Soros, Gavin Newsom, Jamie Dimon, so many others. Again, they're just walking around and you have the ability to go up and question them.
Steve Bannon
It was a great question, by the way. Like I said, Governor Newsom's answer, strained credulity. Jack, social media, where do people, you're putting up stuff nonstop. Where do they go?
Jack Posobiec
They go to, at Human Events. The podcast, of course is Human Events Daily. We've got a huge sit down interview with Secretary Bessant. We went all the way around the horn on Greenland. We talked about Ukraine coming up on the one year anniversary of the trip to Ukraine, to Kiev that Secretary Bessant allowed us to tag along for, to document for historic purposes where we're at on all of that. We know Zelinsky is coming in tomorrow, President Trump saying that he's going to be sitting with him. In fact, some people told me, by the way, Steve, they said, I, I don't, I don't know if Zelinsky was actually planning to come. And I said, well, he is now. He better get on that plane.
Steve Bannon
Oh yeah, no, he wasn't planning to come. Jack Posobic will hopefully track you down for the evening show. Real America's voice in the war room. Have Davos covered the nationalist versus the globalist? Thank you, sir. Thank you, brother. Amazing job in the room. That was tough. That was a tough get. Jack Pacific all over Mike Lindell. You are killing. I didn't realize you were such a good debater. Because you. You don't debate me.
Birch Gold Representative
You overwhelm me every time you.
Steve Bannon
Come on. But here's what we got. 90 seconds, folks, are all over your sails. Sell us a pillow, sir.
Stephen K. Bannon
Right on. Well, we have the pillows on sale, you guys, for the. The classic pillows. But the big sale that we've been talking about all week is our technology sale with our beds and mattress toppers. Remember, we have proprietary technology no one else has. Just on the queen, and they're as low as 99.98. Queen size, 149.98. But these, they have over 10,000 comfort supports, individual comfort support. When I helped design this, I built it. So you get no matter what bed you have, old or new, you turn it into the most. It's a rejuvenation station. It really helps you get great sleep. And also our beds, we put on sale all the technology that's in our beds. We have coil mattress hybrids, coil and foam hybrids. They're all on sale. This is a war room. Exclusive free shipping on your entire order. Go to mypillow.com war room. You see our blankets? Closeout sale. It's all for the war room posse. Promo code, War Room, 800-873-1062. I am going downstairs to take some calls right now, everybody. And I. I love hearing from the war room posse, you guys. Promo code, war room.
Steve Bannon
Thank you. The Charlie Kirk show is next with Andrew Covet. We're back here at 5:00pm Eastern Standard Time.
Jason Trennert
Live.
Nigel Farage
See you then.
Birch Gold Representative
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Episode 5084: Live From Davos Cont; Leading The World Economy
Date: January 21, 2026
Host: Steve Bannon
Notable Guests: Jason Trennert (Strategas), Nigel Farage, Jack Posobiec, Ben Bergquam, Noor bin Laden, General Sisi (Egypt), Dr. Bradley Thayer, Brian Glenn
This episode of Bannon's War Room is broadcast live from Davos and centers on pivotal discussions from the World Economic Forum, President Trump’s economic and foreign policy moves in his second year back in office, and the ideological confrontation between nationalist and globalist camps. The show features real-time reports from key political and economic voices, street interviews at Davos, and insights into geopolitical flashpoints like the situation in Greenland, the U.S. deficit, the gold market, immigration policy, and peace efforts in the Middle East.
Segments: [00:53]–[07:06]
Speakers: Steve Bannon, Jason Trennert
Gold Price Surge Analysis:
Notable Quote:
Central Bank Motives:
Segments: [07:06]–[12:56]
Speakers: Steve Bannon, Jason Trennert
Deficit Trajectory:
MAGA Investment Fund:
Segments: [09:09]–[11:46], [27:21]–[28:14]
Speakers: Brian Glenn, Nigel Farage
National Sovereignty vs Globalism:
Farage on Trump’s Achievements:
Memorable Moment:
Segments: [16:35]–[25:43]
Speakers: Ben Bergquam, Steve Bannon
Second Amendment Enthusiasm:
Immigration Enforcement under Trump:
Prosecutions of Church Attackers / NGOs:
Segments: [26:14]–[28:14]
Speakers: Brian Glenn, Steve Bannon
Segments: [33:22]–[36:05]
Speakers: Noor bin Laden
Segments: [37:15]–[47:17]
Speakers: Trump, General Sisi, Bannon
Trump and Egypt’s Sisi discuss U.S.-brokered deals on Gaza and the Nile River dam dispute with Ethiopia.
On Middle East Peace:
Segments: [47:17]–[53:55]
Speakers: Jack Posobiec, Steve Bannon
Trump’s Presence:
On-the-Ground Celebrities:
Segments: [49:34]–[51:10]
Speakers: Jack Posobiec
On Gold’s Rise Globally:
Sovereignty at Davos:
Trump’s Impact on NATO:
On Second Amendment as Civil Defense:
On U.S. Foreign Policy Shift:
On Middle East Peace:
The episode is delivered in Bannon’s forthright, combative style—urgent, anti-elite, and unapologetically nationalist. Guest commentary is candid and animated, especially during live reports from Davos and the SHOT Show. Politicians, analysts, and reporters alike embrace a “movement” mentality, seeing themselves as champions of popular and national sovereignty against “globalist elites.”
This episode encapsulates the populist, pro-Trump view on the current realignment of the global order, the strategic and economic stakes at Davos, and key flashpoints like gold, the U.S. deficit, immigration enforcement, and international power struggles (Greenland, Gaza, Nile Dam). The show’s live reports and interviews put listeners on the ground with policymakers and “movement” leaders directly challenging the establishment consensus.
If you want a real-time, inside-the-room look at the nationalist surge at Davos and how it ties into American and global economic policy, this is the episode to hear.