Episode 5221: Pentagon Has Sights On Globalist Bankers For Defense Unit; Stopping All Immigration

Summary

Podcast Summary

Podcast: Bannon's War Room
Episode: 5221: Pentagon Has Sights On Globalist Bankers For Defense Unit; Stopping All Immigration
Date: March 17, 2026
Host: Steve Bannon (WarRoom.org)
Key Guests: Donald Trump, Chip Roy, Liz Hoffman, Mike Lindell
Main Themes:

• The U.S. geopolitical and economic strategy in the Middle East (focus on Iran and Strait of Hormuz)
• Launching a Pentagon economic warfare unit staffed by Wall Street bankers
• Texas Attorney General race & the political/ideological battle over immigration, Islam, and corporate interests
• The SAVE Act and immigration reform
• Election security and the stakes for 2026 and beyond

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Episode Overview

This episode of Bannon's War Room centers around the evolving U.S. military and economic response to conflict in the Middle East, most notably the ongoing war with Iran, and a major new Pentagon initiative to create an “economic warfare unit” staffed with investment bankers. It also features a deep dive into the Attorney General race in Texas, highlighting the fight against immigration, Islam, and corporate influence in state politics. Throughout, the panel emphasizes the existential stakes for America’s sovereignty, borders, and security, with a particular focus on the need for election integrity as embodied in the SAVE Act.

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Key Discussion Points & Insights

1. Middle East War Update & U.S. Strategic Dilemmas

Timestamps: 00:00–09:37

• Donald Trump addresses unpaid DHS workers, blaming Democrats for national security risks:

  "Here we are, we're fighting big battles with a very tough enemy and winning nicely. And we're not allowed to have security in our country. It's crazy. The Democrats don't want to pay." (Donald Trump, 00:35)

• Analysis of Iran’s regime:

  “Iran is a deeply polarized society… this regime’s ruthless devotion of the minority in Iran has been reawakened by this… it’s a regime fighting for its survival. It showed last January it’s willing to kill tens of thousands of people to stay in power.” (00:52)

• Strait of Hormuz operational updates and U.S. allies’ hesitance:

  “We hit every one of their mine-laying ships… but it only takes one. You win a war, but they have no right to be doing what they're doing… we have other nations coming in. Some are very enthusiastic and some are less than.” (Donald Trump, 04:50–05:54)

• U.S. as “world policeman” and the need for allied support and reimbursement:

  “I said, if you look back years ago, I said, why aren't we being reimbursed? … Why aren't we being reimbursed for maintaining the Hormuz Strait?... It's not our problem.” (Donald Trump, 06:13)

• Israeli operations in Lebanon and the complex decision matrix for U.S. involvement:

  “The problem is there are two other actors… the Iranians can say, well, then we've won… Israelis would say, well, we're not finished.” (Liz Hoffman, 08:58–09:26)

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2. Pentagon Economic Warfare Unit & Industrial Policy

Timestamps: 09:37–23:29

• Liz Hoffman breaks exclusive: Pentagon is recruiting top Wall Street bankers to create an “in-house” investment banking group for economic warfare:

  "The Pentagon is out with a headhunting pitch across Wall Street… trying to get them to come in house and build a little investment banking unit that will go out and find deals for the Pentagon to do... to marshal some private sector financing around it." (Liz Hoffman, 10:58)

• The new unit's size and ambition:

  "This pitch… dangles… $200 billion over the remainder of President Trump’s term… maybe a trillion dollars through these foreign trade deals to invest. If you squint... it looks a little bit like the sovereign wealth fund that the president has said that he wants." (Liz Hoffman, 11:57–13:32)

• Debate on industrial policy and “state capitalism” versus market fundamentals:

  "A lot of people are quite concerned… their form of state capitalism, we are starting to resemble that. And one of the ways we resemble that is using the Pentagon and a trillion dollar budget as our industrial policy." (Steve Bannon, 16:28)

• Risk/reward assessment of government-led investments:

  "If they're giving money to things the private markets couldn't otherwise finance, okay… But then you worry, is this just adverse selection? … Are they trying to influence day to day operations? … The Trump administration ... probably stakes in like 12 or 15 companies now. And my understanding is they haven’t really meddled that much." (Liz Hoffman, 17:44–20:15)

• Wider implications:

  "We have just the deepest and most liquid capital markets in the world… that exuberance on Wall Street… is the reason that we bounce back faster from 2008 and from COVID than Europe did… it is a competitive advantage globally." (Liz Hoffman, 21:20)

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3. Texas Attorney General Race: Immigration, Islam, and State Sovereignty

Timestamps: 25:43–43:41

• Chip Roy explains his run for Attorney General and his priorities:

  “Texas needs leadership… We're under attack. We're under assault by radical leftists… by all of the radical leftists and the Soros funding that are putting criminals on our streets. But most importantly of all, the advance of Islam in the state of Texas.” (Chip Roy, 30:29)

• Roy claims Islam and related organizations threaten Texas, advocating aggressive state countermeasures:

  “If we do not win the battle of Islam, if we don't have a smart constitutional lawyer who can stand up and explain how this is a political ideology, that this is not a religion, this is not something that can hide behind the First Amendment. This is the Muslim brotherhood laying out a precise plan to attack our state and our country.” (Chip Roy, 31:21)

• On combating the “Islamic invasion” and associated corporate interests:

  “The Muslim Brotherhood and CAIR, those are just two very notorious examples. There are hundreds of organizations funding this purposeful invasion… We're letting them hide behind the First Amendment. This isn't about your belief system. This is a political ideology designed to uproot, upend, and destroy everything that we hold dear.” (Chip Roy, 34:48, 37:05)

• On business community complicity and foreign investment:

  “Texas corporations, Texas government, Texas leaders generally, …were saying, hey, bring all these people in for labor… post 9/11, …allowed some 5 million people to come into the United States from majority Muslim countries… All of that was purposeful and it was designed to appease the corporate interests. Texas has too… much corporate interest coming in… they're buying up our land, they're buying up our ranches, they're buying up our businesses...” (Chip Roy, 37:33)

• On education and curriculum battles:

  “We should not be teaching Islam or advancing Islam. We shouldn’t have schools like Wiley where you've got burkas and the Quran being passed out. …As attorney general, I would do that. Follow the law, defend the Constitution, but stand up and say that Islam is not compatible with the West.” (Chip Roy, 41:06)

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4. The SAVE Act, Election Security & GOP Congressional Strategy

Timestamps: 45:05–46:57

• Roy and Bannon discuss Senate maneuvers to pass the SAVE Act, which combines voter ID, mail-in ballot limits, and bans on transgender participation in girls’ sports:

  “We made progress through the power of the people… Mike Lee, through Chip Roy, through Steve Bannon, through Cleta Mitchell and everybody who's been fighting, keep it up. Let's put pressure on the Senate. Let's drag them there kicking and screaming.” (Chip Roy, 45:24)

• On the existential need for election reform:

  “Everything is at stake for our kids and grandkids and we got to get the SAVE act finished. We got to support the president. We got to finish the job. And then we need Texas to be strong.” (Chip Roy, 45:53)

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5. Election Integrity & Grassroots Mobilization

Timestamps: 47:16–52:45

• Mike Lindell recounts his personal investment in election security:

  “For five years, yes, I probably 70, 80 or millions… just putting money into the every place there was fraud…the president and I are in lockstep… We have to pass this SAVE Act… this is the most important thing because everything comes from our elections.” (Mike Lindell, 49:32)

• The idea that the grassroots must “put the bayonet in their back” to force congressional action—a populist, combative vision for activism.

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Notable Quotes & Memorable Moments

Donald Trump:

• "We built the greatest military in the world and we protect people. … But if we need their mine boats or if we need any piece of apparatus that they may have because of a situation that they have, they should be jumping to help us because we've helped them for years." (05:54)

Liz Hoffman:

• “The Pentagon is out with a headhunting pitch across Wall Street looking for investment bankers… trying to get them to come in house and build a little investment banking unit that will go out and find deals for the Pentagon.” (10:58)

• "We have just the deepest and most liquid capital markets... If you're looking around for ways to pressure advantage, like, that's an obvious one... their [Wall Street] exuberance is the reason we bounce back faster than Europe." (21:20)

Chip Roy:

• “This is not a religion, this is not something that can hide behind the First Amendment. This is the Muslim brotherhood laying out a precise plan to attack our state and our country.” (31:21)

• “If your goal is to undermine America, then you’re my enemy and you need to be removed. And the Attorney General of Texas needs to be willing to say it, needs to have a track record of having done it, and then needs to do it.” (37:05)

Steve Bannon:

• "The business community, chamber of Commerce, things like that... I am stunned at how advanced this, this Islamic invasion of Texas. And that's why I'm so proud of Prop 10... One of the reasons is people are making a lot of money on... halal food or... real estate deals." (33:18)

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Segment Timestamps

• 00:00–09:37 – White House & Middle East: Trump, Strait of Hormuz, regional escalation, and allies
• 09:37–14:13 – Pentagon’s economic warfare drive; Wall Street recruitment; US industrial policy
• 14:36–23:29 – Debate on industrial policy, effectiveness and risks of state-driven investments
• 25:43–43:41 – Texas AG race: Chip Roy on Islam, corporate power, and border security
• 45:05–46:57 – The SAVE Act, Senate strategy, election security
• 47:16–52:45 – Mike Lindell on election integrity activism and continued reform efforts

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Overall Tone & Takeaways

• Language: The whole episode is unapologetically combative, urgent, and nationalistic, stressing existential threats to U.S. interests both from foreign adversaries and domestic “globalists”—with stark concerns about Islam, immigration, and corporate collusion.
• Underlying Assumptions:
  • America’s “elites” are insufficiently patriotic or active; grassroots and state-level actions are required.
  • The way forward is to use all available tools: economic warfare, legislative hardball, and aggressive legal action at the state level.
• Intended Audience: Populist/“America first” conservatives deeply skeptical of mainstream business, media, and political establishments.

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For Listeners Who Missed the Episode

This episode delivers a high-octane, unapologetically right-wing narrative connecting U.S. military and economic policy, Big Finance’s role in national defense, and the culture/immigration wars at the state level. The recurring refrain: America stands at a crossroads, and only aggressive, innovative measures—across military, economic, and political realms—will preserve its sovereignty. The contest is not only against foreign enemies, but also against internal complacency and complicity.

Key takeaways:

• The Pentagon is recruiting Wall Street’s finest for a full-scale economic war on adversaries and to fund U.S. priorities.
• Embedding elite finance in national defense is controversial, with shades of “state capitalism.”
• In Texas, the battle for state sovereignty is framed as a fight against both immigration and creeping Islamic influence, with a heavy undercurrent of skepticism toward corporate and business interests.
• The SAVE Act is seen as a last-ditch defense for electoral integrity, with the grassroots called to arms.

The episode provides a fast-moving, ideologically charged tour of current crises and proposed solutions in the War Room orbit—skipping nothing of the current conservative movement’s priorities and anxieties.

Transcript

[Steve Bannon]

Is we're trying to take some innovative steps to ensure that when we find

[Chip Roy]

criminal fraud, we can actually prosecute it

[Donald Trump]

all the way to the end. Mr. President, she wanted one question. She's over here and you guys are over there. Where's your main camera? Is it this one? Which one is the main camera? Okay, good. Nicenta.

[Mike Lindell]

Good.

[Donald Trump]

I thought it was that one. Go ahead, Mr. President.

[Liz Hoffman]

Mary Mario with Daily Wire, not CNN. We just want to ask about DHS. Still not funded. But we reported earlier today that 80% of the primary task force that focuses on investing in terrorism is working without pay. So should that impact terrible decisions?

[Donald Trump]

Terrible. The Democrats aren't paying. The Democrats, we have a deal. They just said we're not going to pay. We're not going to do anything. And it's terrible. The Democrats are terrible. You know, it'd be nice to get along, but for years this has been going on, not just with me, for years it's been going on. Different ideology but also different tactics. Here we are, we're fighting big battles with a very tough enemy and winning nicely. And we're not allowed to have security in our country. It's crazy. The Democrats don't want to pay. These are bad people. These are not people that love our country, I can tell you that. They're very sick people. Thank you very much, everybody. Thank you.

[Liz Hoffman]

Thank you, sir.

[Chip Roy]

Thank you, guys.

[Mike Lindell]

Thank you.

[Chip Roy]

Thanks for all the questions.

[Steve Bannon]

Okay, right from the right, from the Oval Office, the President of the United States. Two press briefings today. Tons of news the President's making about the war, about our allies, etc. Here's what we got to do. We've got a cold open. You're in the war room. It is Monday 16th March in the year of our Lord 2026. We've got a great cold open for you, some great guests, and we're absolutely packed for the next, I don't know, one hour and 55 minutes. Let's go ahead and let it rip in the cold. I'll be back with you in a couple of minutes. Iran is a deeply polarized society. It's not polarized. 50 50. I would say it's probably polarized 20 80. I don't think the regime has more than 20% popular support. But for dictatorships to survive, you don't worry about the breadth of your support. You need the ruthless devotion of a small minority. And this regime's ruthless devotion of the minority in Iran has been reawakened by this. And as they say, there's no factions in foxholes. You know, it's a regime fighting for its survival. It showed last January it's willing to kill tens of thousands of people to stay in power.

[Donald Trump]

And I think they're going to continue

[Steve Bannon]

to have their fingers on the trigger for the foreseeable future.

[Liz Hoffman]

Now that you've announced that the US

[Chip Roy]

has destroyed all of Iran's mine laying ships, why can't the US just immediately

[Steve Bannon]

reopen the Strait of Hormuz?

[Donald Trump]

Well, we could, but it takes two to tango. We have to get people to take their billion dollar ship and, and, you know, drive it up. If, when, when Pepe has his big sugar ships coming around and they cost a billion dollars and we say, I think it's okay now, Pepe, take your ship, drive it through the Strait of Hermes, he may say, let me wait a little while, because it takes, it takes ship owners. And you know, these ships are very expensive. They can cost up to $2 billion. So they don't want to take a chance at, gee, I think, I think you'll be okay. They got to know it so they don't have to, you know, we don't know if they even set any mines, but the thought that they may have is enough to keep people from saying, we don't need it. Now we are pounding that area, that coast, as you know, left side, we're pounding it, like really pounding it hard. And again, they may have no mindset. We hit every one of their mind drop. They call it the mine layers, right? The ships, they're pretty sophisticated ships. Every one of them is gone, but it only takes one. So it's a little unfair. You know, you win a war, but they have no right to be doing what they're doing. But we're hitting them very hard. And today is a big day where we're pounding a certain area that has very much to do with the Strait. And I think we'll get it going very soon. In addition, we do have other nations coming in. You need people to watch and people to see. We have other nations coming in. Look, look what happened in the last two weeks. They weren't supposed to go after all these other countries in the Middle East. Those missiles were set to go after them. So they hit Qatar, Saudi Arabia, uae, Bahrain, Kuwait. Nobody expected that. We were shocked. Some are very enthusiastic and some are less than enthusiastic. And I assume some will not do it. I think we have one or two that will not do it that we've been protecting for about 40 years at, you know, tens of billions of dollars. Mr. Speaker. So I'll, I'll be reporting that to you in the House and the Senate. And I'll say, why are we protecting countries that don't protect us? And I've always felt that was a weakness of NATO. We were going to protect them, but I always said, when in need, they won't protect us. Now this isn't need. Need would be one of the big boys. But I will say that we built the greatest military in the world and we protect people. And if we need their mine boats or if we need anything, any piece of apparatus that they may have because of a situation that they have, they should be jumping to help us because we've helped them for years. Stay out of wars. Yep.

[Chip Roy]

If the United States is working to

[Steve Bannon]

secure the Strait of Hormuz for the benefit of other countries like China and

[Chip Roy]

our allies aren't yet stepping up to your standard, is the United States getting

[Steve Bannon]

back to being the world's policeman?

[Donald Trump]

Look, the United States should not be very much involved. They can on a certain basis. They've been doing it for a long time. But I've always said, I said, if you look back years ago, I said, why aren't we being reimbursed? You know, these are the richest countries in the world. Why aren't we being reimbursed for maintaining the hormones straight. And why aren't we being reimbursed for that? I've said that for years. You can, look, go back. They reported on it yesterday. I've been saying, I've been saying a lot of things about this rate. Number one, I said it's the one advantage they have, but that's a suicidal advantage because they kill themselves more than they kill the rest of the world. And there are things you can do with time, there are other things you can do. But I think that, I think we're going to have the situation straighten out pretty quickly, and I think we're going to have some good help. And I think we're going to be disappointed in some nations, too. And I'll let you know who those nations are then.

[Chip Roy]

General Dan Kaine told the president in

[Steve Bannon]

several briefings that US Officials long believed Iran would deploy mines, drones and missiles to close the Strait, quote, Trump acknowledged the risk, these people said, but moved forward, telling his team Tehran would likely capitulate before closing the Strait.

[Liz Hoffman]

And even if Iran tried, the US

[Steve Bannon]

Military could handle it. Israel is expected to expand its ground offensive in southern Lebanon to go after Hezbollah. Have you discussed that with Israeli leaders?

[Chip Roy]

And does the United States support A

[Steve Bannon]

potential Israeli invasion of Lebanon.

[Donald Trump]

Yeah, I know I did. And I know the Hezbollah is a problem. It's been a problem for a long time, not just now. And it's a certain area because I was with the other night a person whose parents live in Lebanon. This is a very substantial person, wealthy person whose parents live in Lebanon. I said, really? How do you live in Lebanon? Your parents are living. Oh, yeah, they live there. And over the years, they've gotten used to the fact that it's being bombed, but they explained to me that it's really a different section of Lebanon. It's a section where Hezbollah is. And they get used to it, I guess.

[Steve Bannon]

I don't know.

[Donald Trump]

I mean, people live in Ukraine. You would think they wouldn't live in Ukraine, but they live in Ukraine. I don't know that I do that, but they live in Ukraine, they live in Lebanon. Hezbollah is a big problem, and they're rapidly being eliminated. Lisa, do you think President Trump could declare victory and leave?

[Steve Bannon]

What would that look like? This is the off ramp. I think so many in the business community hope he's going to take.

[Liz Hoffman]

The problem is that there are two other actors here. So he can say, we don't want

[Steve Bannon]

to do this anymore, and the Iranians

[Donald Trump]

can say, well, then we've won.

[Steve Bannon]

Or he could say, we don't want

[Liz Hoffman]

to do this anymore, and the Israelis would say, well, we're not finished. So I think the problem for Washington is really how you work with the allies, obviously the Israelis and to some extent the Gulf states, and try and

[Mike Lindell]

figure out a way that means you

[Liz Hoffman]

can tamp this down without giving the opportunity for the Iranian regime to say, they all chickened out.

[Donald Trump]

Yeah.

[Steve Bannon]

Monday, the 16th of March, in a year of our Lord 2026, you're the first among equals as allies. The Israelis in the Gulf don't get to go cut their own strategic objectives and keep rolling if you decide it's over. President Trump makes a very compelling both in the morning and the afternoon makes an incredibly compelling argument that it's not our problem. I mean, he's pretty adamant about, hey, we've been doing this for years. Nobody's paid us, we're never paid back. I think it's a great argument now of reassessing the entire strategic situation in which we find ourselves. Let's bring in Liz Hoffman, Semaphore Business, and she's editor of business and Finance and also the host of Compound Interest, the show, the podcast. Liz, I think we can actually maybe get a solution here on the Asymmetric economic and finance warfare we should be fighting every day. Scott Besance showed us the way somewhat back in January you had an exclusive report talking about, I guess it's an economic warfare unit that's being set up in the Department of War and they're staffing it with some of the most lethal people on earth. That would be investment bankers. Am I correct in reading your article that way?

[Liz Hoffman]

Well, you spent time at a former investment bank, so I will leave the characterization to you. But yes, the Pentagon is out with a headhunting pitch across Wall street looking for investment bankers, particularly those who have deep relationships with private equity firms whose clients are kind of the Blackstones and kkrs and Carlyle's of the world, and trying to get them to come in house and build a little investment banking unit that will go out and find deals for the Pentagon to do to companies to invest in, to take st in and then help kind of raise the money and marshal some private sector financing around it.

[Steve Bannon]

This has been kind of controversial. I think the CIA has had a unit, I don't know if the Department of War, but I thought it was somehow associated either with a weapons lab or the Pentagon in some way. Haven't we had this as kind of a start? They were going to put up startup or angel round cash into nascent deals.

[Liz Hoffman]

Yeah, the CIA is at a venture firm about which we don't know that much for obvious reasons, but for a long time. And by the way, people on Wall street have gone into government for years of both parties. This one, for whatever reason in the moment that it's landing into the kinds of deals that it's going to be doing and ultimately who its client is going to be. Just the President of the United States feels a little more interestingly coded, I think. Certainly we had a lot of people on Wall street were in Doge, right. You know, tapped pretty heavily from particularly Silicon Valley venture tech bankers out in California, you know, but, but Gary Cohn went into the first Trump administration. You know, there are people who you'll remember from your days at Goldman, you know, for whom it was like a real act of public service. And this is being pitched really as kind of a once in a career opportunity. You know, the, the documents that I'd seen dangle, you know, correctly that this is, it's $200 billion over the remainder of President Trump's term. And they kind of say this is this exact more money than you will deploy in your entire career. Which is correct. It's not totally obvious to Me where the money is coming from. This may be from the ndaa, from the military budget process. The Trump administration, also mostly in the Commerce Department and some other places, thinks it's going to get a couple hundred billion dollars, maybe a trillion dollars through these foreign trade deals to invest. And I think if you squint at it and kind of put the pieces together, it looks a little bit like the sovereign wealth fund that, that the president has said that he wants.

[Steve Bannon]

Is this. We want to hold you through the break, but we got 60 seconds for sure. Is this the beginning of really an official industrial policy? Because people say, hey, funding the Pentagon with over a trillion dollars is really the industrial policy of the United States. Is this just a fund that accelerates that?

[Liz Hoffman]

I mean, look, we've had real industrial policy, you know, for five or six years now, going back to the CHIPS act, the Biden administration. And it has become a bipartisan thing. This idea as unpopular as the government picking winners and losers may. And you know, we could all go back and remember what an albatross Solyndra was for the Obama administration. It's become kind of bipartisan policy that we should be more thoughtful about how we're investing.

[Steve Bannon]

Liz Hoffman from Semaphore broke a big exclusive. We're going to take a short commercial break. Chip Roy, running for the attorney General slot in Texas is going to join us shortly. Short commercial break. Natasha Owens will take us out. We'll be back in the war room on the 17th day of the war in Iran next.

[Chip Roy]

I thank God you're not the boss.

[Steve Bannon]

What about Lake and Riley?

[Chip Roy]

It's Charlie too.

[Steve Bannon]

Hard to say. What about when you took your shot

[Liz Hoffman]

at the one you called King?

[Steve Bannon]

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[Chip Roy]

Here's your host, Stephen K. Ban.

[Steve Bannon]

Liz, some people, you know, think that this particular we've now announced, I think the President's confirmed we're probably not going to go for a state visit to China for some time. But a lot of people are concerned that although we brought them into the World Trade Organization and we gave them most of your nation status and at one time there was this big thought that they would be the manufacturing and we would bring them in with the lighthizer deal in May of 2019. They would fold into the economic order. Of course they tore that up and spit in our face. But a lot of people are quite concerned that instead of them becoming a liberal democracy and Jeffersonian Democrats that their form of state capitalism, we are starting to resemble that. And one of the ways we resemble that is using the Pentagon and a trillion dollar budget as our industrial policy. And that's why something like this makes people quite nervous. And the overall seven and a half trillion dollars, it doesn't seem that big a deal. But you put it in perspective, is that when they're trying to recruit people, they're telling them, you'll never have in your life the ability to deploy $200 billion of capital in a couple years has this industrial policy. Do you think looking at it from a, from a business reporter, finance reporter, has it worked out for us?

[Liz Hoffman]

I think it's early. Take for example the investment in Intel. When that popped, I remember thinking like, oh, guys, I don't know. But it did kind of what it was supposed to do, I think, which is private money came in behind it. It sort of put a floor under the price. It was a vote of confidence in the CEO was in a tough spot and a lot of private money followed and stocks done well. Still real questions over their ability to manufacture really important chips domestically. The question is like, what are they doing right if they're giving money to things that the private markets couldn't otherwise finance, like, okay, the government is typically a lender of last resort or how you think of it, it could be an investor of last resort. But then you worry like, okay, is this just adverse selection? Or if these deals that are good or promising technologies, the market would do that. There's a lot of Money floating around out there. So then it's like, okay, is it trying to get a return for the taxpayer? Right. If we're going to be funding all of these things through the budget process, is it, you know, we were going to give a lot of money to intel through the CHIPS act and the Trump administration said, why should we want some stock in exchange for that? Okay. I don't think as a taxpayer I'm going to get my cut of that in any way. But that's, that's an alternative. But then the real question is, are they trying to influence day to day operations? And I think, you know, the Trump administration between the Department of Defense and Department of Commerce probably stakes in like 12 or 15 companies now. And my understanding is they haven't really meddled that much. They've done a little meddling at US Steel where they have that kind of actually no economic interest. But this golden share, this kind of vote in the boardroom and that is, that's a union issue, it's a labor issue that they feel strongly about. Okay, is it going to be telling intel what chips to make? If it's buying, you could imagine it's going to buy some whatever industrial coolant from Blackstone that turns out is really critical because it's really efficient at cooling data centers, which is obviously being an AI that the Trump administration cares a lot about. Okay, is it just providing a long term purchase agreement for that company that can now go out and finance itself in the market? That's pretty fine and basic. Is it going to say you have to make this thing here and here. He's talked a lot about invoking the Defense Production act in other situations and really, by the way, unrelated has massively lit a fire under defense contractors. Right. So what happens if the way that they're running their business doesn't pass musterve? I don't know. Yeah, I mean, that's where I'm at.

[Steve Bannon]

That was the come around they had with the CEO. The six CEOs came in the White House, I think Friday or Friday a week and got a come around. And I think they were implied. Hey, here's the defensive production. Either you guys step up or we're going to have to put Peter Navarro in charge. I think they've got to focus. The intel's not small, it's 10%. I'll talk later. The audience understands. I think the government shouldn't hold it. I think the government should distribute all those shares to taxpayers immediately. Last question. We're now in the asymmetric phase. The center of gravity of the war in Iran is not Tehran, but it's really the Persian Gulf with our allies. Oil, the Strait of Hormuz. When the navy is going to be able to keep it open, our allied navy is going to help us. But in asymmetric warfare, it's about economics. You got all the cash sitting in Dubai, and the banks, you've got cash, they're monetizing the oil through the Chinese. I mean, there's so many things you can do. Do you see this as really a cover to get some of the smartest, best and the brightest, like the CIA did after World War II, and get them into the Department of War as a economic warfare unit?

[Liz Hoffman]

I've never been as squeamish about the revolving door as some other people. And it's important to remember that it revolves both ways. Right? If you're going to care about, you know, what people do when they leave government, then, you know, the flip side of that is sometimes there's really smart people in the private sector and we should get the benefit of expertise in the public sector. And one way to do that is to incentivize them to spend. And by the way, this pitch is like it was pitched explicitly. This is not a career change. This is come for two or three years, serve your country, do a lot of interesting stuff, make a lot of connections that you can then go monetize when you leave. Look, the U.S. government, the U.S. is obviously very good at fighting kinetic wars. We've learned that repeatedly. But it has just the deepest and most liquid capital markets in the world. And, you know, the kind of fracturing of the global order over the last couple of years has Balkanized the global economy, but, but has made the US More central. I mean, the capital markets here are just incredibly, incredibly powerful. And, you know, if you're looking around for ways to pressure advantage, like, that's an obvious one. The flip side of that is that we're really reliant on global energy flows. And there's been a lot of talk about, well, we are energy independent in the US Why is gas more expensive, you know, if we're not importing? And the answer is that it's a global market that is one that just cannot be bullied. And so we're going to have to deal with the consequences of that. But we have a lot of money to invest. The US Relative to other economies actually invests it relatively efficiently. We get a fair amount of GDP boost for our investment dollars. And that exuberance on Wall street, the Exactly. The companies whose clients the Pentagon now wants the bankers to hire. Their exuberance, their willingness to take risks. It gets us in trouble. But it is also the reason that for example, we bounce back faster from 2008 and from COVID than Europe did because they rely on these banks that are sort of commercial banks, very stodgy. They don't have a lot of that capital markets investment DNA and it helps us pull our way out of recessions faster. It is obviously a competitive advantage globally.

[Steve Bannon]

And those banks are all either have been state owned or just recently went public or have a history of being economic bureaucrats instead of capital markets.

[Liz Hoffman]

And they're very parochial and they stop at borders and it's a problem.

[Steve Bannon]

Exactly. Liz, where do people follow your, where they follow your reporting, social media. And how do they get to compound interest?

[Liz Hoffman]

You can sign up for compound interest wherever you get your podcasts. Actually, our episode dropping this week is right on this topic. We spoke to the head of the American Dynamism Fund, Inside Interest Horowitz, the sort of America first defense investment fund. It's a super interesting conversation. You should all listen to it. You can sign up for semaphore [e-mail] I write a twice a week newsletter and I'm on Twitter at lizrhoffman.

[Steve Bannon]

Thank you ma'.

[Mike Lindell]

Am.

[Steve Bannon]

Great reporting.

[Liz Hoffman]

Thanks, Steve.

[Steve Bannon]

Folks, load up on that. You got to use your agency. This is quite complicated. Not just this war, but what comes after. How do we get to the finish line and what comes after. More on that in the 6 o' clock hour. Joe Allen's going to join me about artificial intelligence. Nvidia announced, I think a trillion dollars of backlog on high end chips for the next two years. That'll be a wake up call to people and President Trump sitting there today complaining about, I mean he was bringing up the facts, but complaining about AI in this war. What the. Some of the images coming out of the phony images coming out of Iraq. Okay, we're about to head into a quite complicated period over this week, maybe hopefully the next couple of weeks in the Senate. One of the quarterbacks of all this, particularly related to the constitution and customs and traditions of the Hill, is now running in a runoff for the Attorney Generalship of the great state of Texas. Chip Roy joins us. Chip, just take a second. I'm holding through the break, but just take a second. You're very close to Mike Lee. You and Andy Biggs, A handful of you guys are really the strict Constitution. This is why you were on rules in the, in the revolt against McCarthy. Where do we stand on this thing? How can you see from the House, how can you see this thing playing out over the next couple days? Although the obviously gonna be in the Senate, but you guys are gonna get a bill that comes back to you marked up or a bill that they sent off on your bill or nothing happens. Sir.

[Chip Roy]

Well, first of all, yeah, partnering with my, some of my best friends in Washington on this deal, Mike Lee, obviously in the Senate, Cleta Mitchell, who you know well, who appears on this show regularly, we've been partnering to advance the cause of the SAVE act and then ultimately the Save America act, once we added to it voter id. Obviously the president, I think showing his great political instincts, wanted to try to package it in a more robust version including the mail in ballots which we all support and the issues involving boys being in girls bathrooms or playing in girls sports and transgender issues. So what you're going to see in the Senate is taking our Save America act, which we passed, taking it over to the Senate. We passed it in a vehicle that makes it faster, that is it avoids the motion to proceed clojure vote. It's not technically a motion to proceed when you're talking about a message, but that's nerd speak. Bottom line is to get on the bill, you can do it with a majority vote, not 60. We designed that in the House. This is all taken a long time to get structured. So you ask what's going to happen? It depends on the fortitude of senators to stay on the bill. So by proceeding to it, moving to this message, we're now going to be debating the topic. That's a good thing. That is a step forward. We're going to have amendments to address the other issues that we want to address. Bathroom sports and mail in ballots and transgender surgeries. So we'll process those amendments with a full tree. That's all. Again, nerd speak to say we will move some of those other issues and then as this unfolds, we've got to keep the heat up and we've got to keep the heat up on Democrats but also on the weak Republicans who have been saying they don't support it. We're talking about McConnell, Murkowski, Tillis wavering and we're right on that cusp of 50 votes. The American people have to speak out loudly. If we do that, then the trick is to stay on the bill. You don't move off the bill until someone, the leader puts a motion to proceed to something else on the floor. We should say don't do that, stay on that bill. And I'm with my colleagues in the House. We're trying to put pressure in the House to say we're not going to move any other Senate priorities. We're not going to move anything else. Yeah, we'd process DHS funding, but we got to stay on the bill. That's the trick.

[Steve Bannon]

Yeah. Chip, hang on for one second. Chip is running to be the attorney General of the jewel of the crown of the union, the great state of Texas next in the world. If a major disruption happened to you once again, if a major disruption happened and you couldn't get to the store, how long do you think you could last with what's in your house right now? If it's anything less than a month, you need to check out our friends at my Patriot Supply. They're America's number one preparedness company with over 3 million satisfied customers. And right now when you go to preparewithbannon.com their best selling 4 week emergency supply food kit comes with an additional week of free food that you get the best selling four week emergency food supply and it comes with an additional week of free food kicked in. This is the best long term storable food you can find. You're getting at least 2,000 calories a day, real meals made with real ingredients, no artificial flavors, no artificial colors and a shelf life measured in decades. Look, we all need to know that we need food stored for emergencies. Look around your house right now. How long would you last? Why not get it from the most trusted folks in the business? Get a free week of food thrown in. While you're at it, go to preparewithbannon.com to get your free week of emergency food today. That's preparewithbannon.com America's number one preparedness company. My Patriots supply with over 3 million satisfied customers. Make sure you're one of them.

[Chip Roy]

Here's your host, Stephen K. Ban.

[Steve Bannon]

We've got good news in Georgia I'm gonna get to in a second on the 2020 election fight in courts. I want to go to Chip Roy running for the attorney general in in Texas. Explain to the audience. You know we had your competitor on Maze was on here a couple days ago and we asked him the same questions. Walk us through. Why are you doing this? What do you think the biggest issues are? What do you think's confronting the folks in the state of Texas and what are you going to do about it?

[Chip Roy]

Yeah, Steve, I could have stayed in Congress and continued the fight up there as 1 435th of 1/2 of one third of the federal government. But there's a limit to what you can do as an executive in the state of Texas. You can lead. And frankly, right now, Texas needs leadership to carry us forward. We're under attack. We're under assault by radical leftists, Marxists, by the collective, by all of the radical leftists and the Soros funding that are putting criminals on our streets. But most importantly of all, the advance of Islam in the state of Texas. With all due respect to Maes, I have no idea what he said on your show. I wouldn't have seen it. But he's never been a lawyer. He's never practiced, he's never prosecuted a bad guy. He's never been in court, he's never stood before a judge. He's never done a damn thing, Steve. Literally nothing except to use his granddaddy's money to buy power, to buy a seat, to pay to become a state rep, to pay to become a state senator. And frankly, I've devoted my entire life to the cause of freedom, whether it was as Ted Cruz's chief of staff, as a lawyer for Rick Perry, as the first assistant attorney general, where I was filing important matters in court, as a federal prosecutor, where I was putting bad guys in jail, and now in Congress, where I've been leading the fight on every single issue and you know it, Right. With respect to the SAVE act spending, dealing with the border issue, HR2 leading the fight on every single front. Mays takes his granddaddy's money, goes on TV and spreads lies, says that I'm saddling up the transgender lobby because I dared to try to improve a bill, to try to figure out how to get it through the Senate and the logjam that it is so that we could actually get something done to stop these ridiculous and horrific transgender procedures. The bottom line is we need an actual proven fighter who will stand up and fight. And by the way, somebody who's independently minded, somebody who will stand up and do the right thing. And I think I've proven that over and over again. And if we do not win the battle of Islam, if we don't have a smart constitutional lawyer who can stand up and explain how this is a political ideology, that this is not a religion, this is not something that can hide behind the First Amendment. This is the Muslim brotherhood laying out a precise plan to attack our state and our country. And they're doing it, and we're not doing anything about it. By the way, where the hell Has Mays Middleton been as a state senator and state rep. What has he done in Austin to do anything to stop the continuation and the advancement of all of this? The fact is, I've been throwing my body in front of the train in Washington last year in the big, beautiful bill, trying to stop expansion of the SIV Afghani program, trying to stop the increase of legal immigration while also trying to halt illegal immigration. And we need a proven fighter who can stand up for Attorney general, get into court, defend Texas, go on offense, and if we're on the minority in the House and the Senate after this fall, and if, God forbid, we have a Democrat in the White House in 29, Texas will lead the defense of Western civilization. And you gotta have somebody with a proven pedigree to do it, not somebody who needs on the job training.

[Steve Bannon]

You've seen this. Being a member of the Freedom Caucus, you've seen this over and over again in Washington trying to move things about the established order, the financial and business interest, the business community, chamber of Commerce, things like that, you know. And I would submit that in Ken Paxton's reign as Attorney General, he was fighting the business community and the vested interests as much as he was fighting radical Democrats, and he was fighting radical Democrats in the Biden regime. Every day as I, as we went down, it kind of shifted the show down to Texas. I am stunned at how advanced this, this Islamic invasion of Texas. And that's why I'm so proud of the Prop 10. It is so much farther advanced. We've had Peter McIlveney come in from London a couple times. He said, hey, in the same time frame of how they came to London, it's much more advanced in Texas. And one of the reasons is people are making a lot of money on whether it's halal food or whether it's real estate deals, that they're paying a premium as Attorney General. I mean, it's just not terrorist groups like the Muslim Brotherhood in cair, which obviously you and the governor are going to have to figure out how to really, you know, implement them, being terrorist organizations, what you're going to do. It's also now a business community that's making an awful lot of money and sees this as a whole new segment for the economy. How do you intend to take that on? If you really want to stop this invasion and then reverse it, you're going to have to do that. So as Attorney General, you'll be the lead sled dog. What's your, what are your thoughts on that?

[Chip Roy]

Yeah, first of all you get out publicly and you say it. I've done that, and I've done it many times over. In fact, CARE has been protesting my office because I've led legislation to take away their tax status. I led legislation to vet people for Sharia law. But you got to be willing to stand up and say it. And I did that on the House floor two years ago and farther back than that. In fact, the last substantive conversation I with Charlie Kirk was on this very topic. But the biggest thing you can do as Attorney General, besides use the bully pulpit to, you know, make sure everybody's aware of it, is to use your power to open the books of these nonprofits and go look at The, I believe, 600 organizations operating in Texas. Amy Mack, our good friend who runs rare. Amy is a warrior for freedom, a patriot out there calling out all of the advancement of the Islamification of Texas and Sharia law and everything that's happening to undermine Western civilization. Amy's brilliant. I had one of her great folks testifying in my committee that I chair the subcommittee of the Constitution that I held a month ago on Sharia law. I've been leading on this issue for a long time, but you got to have somebody willing to do it and somebody willing to go open up the books and follow the money, figure out where you can cut the head of the snake off. Because the Muslim Brotherhood and care, those are just two very notorious examples. There are hundreds of examples of organizations funding this purposeful invasion. In fact, if you go look at the memo from 1991 of the Muslim Brotherhood, they literally talk about how it is a. Basically a quiet jihad, that they're saying that this takeover of North America, of America, of Texas, that is a quiet jihad that they're called to do. They are waging war with our way of life, and we're letting them hide behind the First Amendment. This isn't about your belief system. This is about a political ideology designed to uproot, upend, and destroy everything that we hold dear. Our Judeo Christian values, our laws, our Constitution, our declaration to be supplanted with Sharia, Islamic law, and the advancement of Islam in the West. We must stand to thwart it and stop it. And if your goal is to undermine America, then you're my enemy and you need to be removed. And the Attorney General of Texas needs to be willing to say it, needs to have a track record of having done it, and then needs to do it.

[Steve Bannon]

People talk about Epic City, but as we've been up north of the Dallas Fort Worth Metroplex, you have a half a dozen things like this. Maybe not the scale. How do you intend to stop that? Is this because you're going to force them into court to open their books and see who's financing it, who's partnering with them? Because if people think Epic City is, is, is one and done, they are wrong. These things are popping up all over. Maybe not at the scale of Epic City, but pretty close, sir.

[Chip Roy]

Yeah. First of all, yes, you have to go after Epic City, but it is to some degree. I don't want to say it's a shiny object because it's really important, but it's kind of. Everybody's focus is on that. The fact is there's 300 plus mosques and growing in Texas, more being built in Texas every year than any other state in the union. That's a real problem. And let's go back to the corporate interest problem. Honestly, this is what really galls me is the state of Texas. Now, for the better Part of two decades, post 9 11, our country has allowed some 5 million people to come into the United States from majority Muslim countries. That is a federal issue from an immigration standpoint for sure. But let's not ignore the fact that Texas, Texas corporations, Texas government, Texas leaders generally, that Texas was saying, hey, bring all these people in for labor, we need folks to come in and then do H1BS, diversity visas, chain migration, and all of that was purposeful and it was designed to appease the corporate interests. That's one of the fundamental problems. Texas has too many, too much corporate interest coming in, trying to buy up our state. They're buying up our land, they're buying up our ranches, they're buying up our cattle, they're buying up our meat processing, they're buying up a lot of our businesses. But they're also trading with, you know, bringing people in who aren't Texans. And importantly, go back to my opponent for a second, they're trying to buy elections. Like, my opponent spent $15 million of his own money against me running negative ads saying that I'm the devil and that I'm not nearly strong enough for the state of Texas. I raised every dollar that I've ever run on. And you know, my opponent's been doing this for years, buying the seat. Texas is not for sale. Texas should not be for sale. We need people here who have earned it. We need businesses here who are Texan. We need our land to stay with Texans. We need to stop Islam from marching into our state. We need to secure the border no matter who's in the White House. Because you get a Democrat in the White House in 2029, you better damn well have leadership in the state of Texas who will look to the administration, look to the world and say, not a soul is coming across our river, declare it an invasion and do something about it. And I don't think we moved fast enough under Biden, my orcas. And God forbid we have a Democrat in 29, we got to be ready to fight. And with all due respect to my opponent, he's never had to do a single thing in his life.

[Steve Bannon]

You know, we've had two members of the Texas Education Board on the show over last week about this, these hearings they've had in this effort of the Islamic, some of these Islamic entities, not for profits, to try to change Texas school books, Texas history and U.S. history. And of course, you know, Texas, because of the printing deals and just how much people think of Texas, it really, the way Texas education goes in school books changes, I think 26 states. And both of them said at the time, hey, The Democrats have 100% lined up with the Islamicists. But he said also there's a handful of these middle of the road Republicans are just afraid to step in the fray. What are you going to do as attorney general? Let people know, hey, you can't be afraid here. You got to step into this fight. Because we could, folks, Texas is much, this invasion in Texas is much farther down the road. And the media has not covered at all. And this education. These hearings are going to take place in April and these votes are paramount to turning this thing around. As attorney General, what are you going to do to let people know that you got their back, that care is not going to be outcome and sue and put them in bankruptcy and take them to court?

[Chip Roy]

Yeah. First of all, you got to expose all of it, every single bit of it. And that goes back to, of course, not just the nonprofits and the NGOs and exposing the flow of the dollars there and then finding that, finding out where they're in coordination with terrorists and shutting them down, but also tracking and following the dollars that you're talking about. Thank goodness we've got a comptroller coming in who I think is a warrior for freedom in Don Huff finds, I think his comptroller, he's going to open up the books and look at the details. But you got to have somebody who's willing to take on the Austin swamp. For too long, the Austin Swamp has had a stranglehold on where the real Texans are. And We've got to expose all of the money that's flowing. There is a corruption in the entirety of the education system. The amount of money that flows to developers to build fancy schools, and then they cut deals because their dollars are flowing to build the fancy schools. And then you got to make sure that, you know, certain communities are going to be taken care of. And this is where we get into the issues like you're describing. And we should not be teaching Islam or advancing Islam. We shouldn't have schools like Wiley where you've got burkas and the Quran being passed out. And you got to have an attorney general that's going to stand up and defend our laws, fight to make sure we're using the Deceptive Trade Practices act, fight on constitutional grounds, fight to make sure that our zoning laws are being applied, fight to make sure that we know where the dollars are flowing. And if they're tied to terrorists, knock their knees out from under them. But also go to the legislature and be a voice as one of the statewide elected office holders, be a voice to say, no more. Not on our watch. We're not going to do this. And by the way, you've got to have someone who understands the underpinnings of the Constitution. As chairman of the subcommittee of the Constitution, as someone who's been on the House Judiciary Committee now for my time in Congress, I've got the background to be able to do that, but also the demonstration of the willingness to stand up and fight again. Where was everybody two years ago, when I went to the floor of the House, I made this pitch and I told people, this is a problem. And a lot of my colleagues kind of yawned. Now it's becoming more fashionable for people to jump aboard the train. And, you know, we founded the Sharia Free America Caucus, Keith Self and I. He's a great American. A bunch of my colleagues in the Freedom Caucus, a few not in the Freedom Caucus, have joined that effort. We're trying to shine the light on it, but we're still only around, I don't know, 55 members. I don't know what the latest count is, but, you know, like a quarter of the Republican conference. Where's the rest? Right? I mean, and again, where are they in the legislature? We need more of that standing up and announcing this to the people of Texas. And as attorney General, I would do that. Follow the law, defend the Constitution, but stand up and say that Islam is not compatible with the West.

[Steve Bannon]

Chip, hang on one second. One more break. I want people to know where to go to contribute to. Find out more, Your social media, all of it. Short break. Chip Roy on the other side, Fellow patriots, the Federal Reserve has betrayed America for over a century. Printing fiat, inflating away your savings, serving globalist masters. But President Trump is ending it. President Trump is wielding a 1-2-year-old law to reclaim control over the rogue Federal Reserve. He's replacing Jerome Powell, slashing rates and igniting America's re industrialization. This isn't theory. Government backed industry plus low rates unleashes super cycles. History repeats. Gold's already exploding. Miners are up 400% in the last year. What Rickards is calling Trump's gift is wealth for American patriots, not global handouts. Now it's America's turn. Gold to 27,000 in the coming years. Jim Rickards, CIA and Pentagon veteran says act now. Go to insider2026.com that's insider2026.com to get Jim Rickards Strategic Intelligence Newsletter today.

[Chip Roy]

Here's your host, Stephen K. Band.

[Steve Bannon]

Chip, you've been one of the architects of this from the beginning. So we're about to start a journey, I don't know, tomorrow evening or maybe Wednesday about the Save America act you give us before you bounce, can you give us some guidance that we're sitting

[Chip Roy]

here hoping that the Senate will move forward with an issue that is an 85% issue with voter ID, with citizenships, voting and then even the other things added, mail in ballots and the other issues like trans and boys and girls, sports. It's insane. Like this is the problem with Republicans. I don't want to listen to Lisa Murkowski babbling about whatever she's saying about Alaska or Tom Till is crying about whatever he's crying about on his way out of the Senate or Mitch McConnell. He can barely understand what he's saying. I'm a big defender of institutions. And by the way, this is important. If you think the filibuster should be saved to try to stop bad things in the future, then make them talk. Because if you keep an artificial fake 60 vote threshold, I promise you the filibuster will be nuked. And then we'll end up getting a PAC, Supreme Court and D.C. statehood shoved down our throats. We need to stand up and fight right now, make people speak. And it's absurd that we're having to pull teeth to get these guys to put it on the floor. But look, we've made progress through the power of the people, through Scott Pressler, through Mike Lee, through Chip Roy, through Steve Bannon, through Cleta Mitchell and everybody who's been fighting, keep it up. Let's put pressure on the Senate. Let's drag them there kicking and screaming. Appreciate the support. If you want to support me. Chiproy.com on my website, on Twitter x chiproy tx c h I P R O Y T X We've got to get this done. Everything is at stake for our kids and grandkids and we got to get the SAVE act finished. We got to support the president. We got to finish the job. And then we need Texas to be strong. That's why I'm running for attorney general.

[Steve Bannon]

Yeah, I don't think, I think outside the grassroots and the grassroots leaders, I'm not sure people really understand the depth of where we are and how this is interconnected. So many things. I'd love to have you back on either at CPAC or after. We'll figure it out to really take maybe an hour, get you on the six o' clock show and break it all down. But Chip, thank you so much for joining us here in the world.

[Chip Roy]

All right. God bless, Steve. Keep it up.

[Steve Bannon]

Thank you, sir. Thank you, sir. I'm going to have one tomorrow, the next day, one of the guys, I think from the Wharton Business Project that's talking about we actually have $100 trillion of debt, not the 39 trillion you think. And it's a very sophisticated analysis about where we are, but that's connected to the highly leveraged nature. This is connected to the artificial intelligence. Bet. We'll tie it all together for you here in the war room. That's one of the reasons we tell you go to birchgold.com, the end of the Dollar Empire. Look, I got my hard copy right here, man. It's a beauty. End of the Dollar Empire. The first seven installments are in here, the Patriots edition. You go to birchgold.com, promo code. Bannon, most importantly, talked to Philip Patrick and the team, especially since economic warfare, geoeconomics coming to fruition in the Persian Gulf, in the Strait of Hormuz, as the president says, hey, we shouldn't have to be doing this. The allies in NATO in Asia should be doing this and getting a little blowback. Like he said, not a lot are signing up. They're not saluting, let's say, when President Trump made the call. Understand why the dollar is the backbone of the world's financial system and why it's under a onslaught. Check it out today. Mike Lindell, I got you here. We want to talk about deals, but first off, you spent I don't know, 50, 60, 70, $80 million, something like that, trying to defend this country on election integrity. You've started so many of the big groups. You got Matt Mech at the coalition, got Steve Stern is going to be on the show tomorrow to talk about their big call that's going to happen on Wednesday. Just give me a minute as you sit here and we're having to move heaven and earth. We got to get the war on posse, you got to get the Tea Party Patriots. Everybody's got to get to the ramparts your cause of America to put the proverbial bayonet in these, you know, put the sharp end in their back to move them along for action. I mean it's a sad situation, it has to happen. But as Chip Roy said, these are 80, 20 and President Trump couldn't be adamant. All day long he's been talking about the war and he's been talking about the SAVE act and he says he needs it and the country needs it. Your thoughts, sir?

[Mike Lindell]

Yeah, Steve, you know, for five years, yes, I probably 70, 80 or millions, I'm probably a good figure. That doesn't count all the lawfare against me. That's just putting money into the every place there was fraud and to try and secure our elections and get to paper ballots, hand counting, same day voting, voter id, all these things that we have to have or our country's gone. The president and I are in lockstep, you guys. He knows this is the most important thing because everything comes from our elections. We have to pass this sayback. It isn't, you know, could we, can we or will we? No, we have to. There is no. It's like you say, it's an 80, 20, probably even 85, 15. And this is. Does this get rid of the machines to paper ballots hand calling? No. But this opens the door to finally getting our election secure. Which if you remember Steve, the when I ran for RNC chair, the rnc, they passed a resolution that came out of that when I ran for paper ballots, hand counted, no mail in vote or same day voting, voter ID and all this stuff was put in in the summer of 23. And you guys, this is, I can't stress the importance of the SAVE Act. Anybody you know, you gotta get the word out there if you know these centers, if you know anybody, this should be the number one thing talked about in the world right now. And that's where it's at. And everything we fought for comes down to this. Everybody

[Steve Bannon]

talk to me now about deals that's what I want to hear.

[Mike Lindell]

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[Steve Bannon]

Okay, Mike, we'll see you tomorrow morning. By the way, John Salma is going to be with us tomorrow. Headline on Justin News just broke. US Intelligence holds secret evidence China access voter files as Senate ways election security Act. Joe Allen next hour. Do you owe back taxes or you haven't filed your taxes in years? Now is the time to resolve your tax matters. With the national conversation around abolishing the income tax, 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 collecting billions more in recent years. If you owe the IRS can garnish your wages, levy your bank accounts, seize your retirement and even your home if you owe or haven't filed. It's not a question of if the IRS will act, it's a question of when it will act. 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 waives your rights and cost you more money. They are not, and let me repeat, the IRS is not on your side. Get protected the right way with Tax Network USA and start the process of settling your tax matters once and for all today. Call 1-800-958-1000, that's 1-800-958-10000 or visit tnusa.com Bannon for your free discovery call with Tax Network USA. Let me repeat, 800-958-1000. Tele Bannon Central issue don't let the IRS be the first to act. Take advantage of first mover advantage. You move.