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Bannon`s War Room
Episode 5368: President Trump Lands In China For Xi Summit; Victory In Nebraska
Episode 5368: President Trump Lands In China For Xi Summit; Victory In Nebraska ...
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- [00:00]
Stephen K. Bannon
He knows that he wants a show.
- [00:02]
He know and he is getting one.
- [00:03]
John Solomon
I mean you can see right there
- [00:05]
Stephen K. Bannon
the, the coordination with the flag.
- [00:07]
It's not just 300 Chinese youths. They have a coordinate coordinated flag movement with. And in this moment, let's just pause, let's just wait and see, listen in and everyone take in this. Mom,
- [00:32]
John Solomon
Sam, It's.
- [02:18]
Stephen K. Bannon
So who you're seeing there, in addition to President Trump is of course Eric Trump, his son, Lara Trump daughter in law, but Elon Musk directly behind Lara Trump. Also there, Jensen Huang, CEO of Nvidia there, of course, tech leaders will be part of this trip. Wong and Musk were the only two who flew on Air Force One. Wong actually met the flight in Anchorage, Alaska for the last leg. There had been some kerfuffle about whether he was invited or not. President Trump clearly wanted to make a show of it. But you can see the ebullant greeting there. The people though that the President wants to focus on are the White House, Eric Trump, Lara Trump, Elon Musk and the CEO of Nvidia, which is pretty interesting.
- [03:01]
Wednesday the 13th of May in the year of our Lord 2026. We get a lot to get to today. John Solomon joins us. John, correct me if I'm wrong. Is it 18 or 20 states that the Chinese Communist Party actively took the voter rolls and intruded into the 2020 election? And do we not have a mayor of our Is it Arcadia, California?
- [03:27]
Scott Peterson
Yes.
- [03:27]
Stephen K. Bannon
Which suburb? Rebellion, Chinese Communist and Ella. And my understanding from you and other guys in the intelligence services that that may be the first of a lot, sir.
- [03:39]
John Solomon
Well, remember we had Kathy Hochul, had someone working for her in New York that just got taken out last year. We got this mayor that just pled guilty this week to directly conspiring with China to inject propaganda into the United States. We've got the Singham network, which has close ties to the Chinese Communist Party as we've been documenting over the last several. We have Eric Swalwell, who was sleeping allegedly with a Chinese spy. We have Dianne Feinstein, whose driver was apparently a Chinese spy while she was overseeing the Chinese while she was overseeing the Senate Intelligence Committee. And you are correct. What we have now learned six years too late from Director of National Intelligence Tulsi Gabbard, is that There are between 12 and 18 states whose voter registration databases were penetrated by China during the 2020 election. While we were being told and force fed a fake story that it was the most secure election in American history, China had infiltrated voter Registration data in numerous states. The last document I SAW is estimated 12 to 18. I think by the end of this month, Tulsi Gabbard will be able to identify for the first time which states got hacked or were penetrated by China. How long did we know? Why were they kept secret by the CIA and the FBI and the Homeland Security Department? And I think that could have a profound effect on senators who thus far have been kicking the can down the road on the Safe America Act. But when you find out your voter registration database was hacked by the Chinese Communist Party and you weren't told about it for six years, it might change your notion about adding more election security measures to the 2026 election.
- [05:24]
Stephen K. Bannon
Wouldn't that be a topic of conversation in Beijing over maybe tonight?
- [05:29]
John Solomon
Sir, do you agree it should be. The President is fully aware of what I've reported and he's fully aware of what's coming out in the next few weeks. So he seems to be read in. I suspect that the release of these next round of documents were withheld until after the meeting so that the President could have a private conversation before it explodes onto the American scene in a big way. But whatever the case is, I think next week you'll start to see a market ramp up in the release of previously classified or previously withheld information. The American public are going to learn a lot about foreign election interference. They're going to learn a lot more about the FBI's abuses and a lot more about even how Jack Smith may have been setting up Donald Trump to be re indicted as soon as he leaves office. Something that we wrote about this morning.
- [06:19]
Stephen K. Bannon
Hang on, don't bear. That's a blockbuster. I want to get to that in a second. I want to go back. I want to go back to the mayor of Arcadia in the suburbs of la. Yeah, you've had Swalwell situation at the Hochul situation, at the Pelosi driver situation for 20 years. You've got Arcadia, which I understand from you and other people in the intelligence and law enforcement forcemen may be the first of, let's say, I don't want to say thousands, but let's say a lot. The Chinese Communist Party's penetration into industrial America, into our tech community, on Capitol Hill, in our universities, all of it, but also directly in the political process, is now starting going to start being exposed more and more.
- [07:01]
John Solomon
Correct, Sir, I agree. Listen, we just should say it because it is evidently clear and it's been eminently clear since 1996 when I broke the first stories about the China Fundraising scandal for Bill Clinton. The Chinese Communist Party has repeatedly infiltrated the Democratic Party in America. It has found a home in the Democratic Party of America. Remember the Buddhist monks and the fake donors and the Charlie Trees and the John Wongs that I wrote about in 1996 and 97 that gave rise to an independent council investigation and the Fred Thompson famous hearings in the summer of 97. That apparatus never went away. The Democratic Party is still in bed with the Chinese Communist Party in many ways and literally, in the case of Eric Swalwell, figuratively, in the case of several other people. And so you see a Democratic mayor in California, you see a Democratic governor in New York, a Democratic senator from California. They're all infiltrated. There's a reason for it. There is a friendliness and a coziness between the Democratic Party and the Communist Party of China that is about to be exposed in an even a greater level than we knew. And I just want to remind people of something we broke on your show back last week. Summer. The FBI belatedly disclosed that it knew that China had said driver's licenses here to the United States in the middle of the 2020 election to fake, to file fake voter registrations and to vote fakely for Joe Biden in the 2020 election. The documents state emphatically that the Chinese sources that the FBI were working with and who flagged these driver's licenses coming in so they could be intercepted, believe that the goal was to get Joe Biden elected. If they sent them to the United States, it means someone here in the United States was supposed to receive them, turn them into ballots, and then cast those ballots in the name of fake people. When you take the continuum that we now know, China hacks the voter registration databases, then they send driver's licenses in the natural third question that the FBI and the intelligence community asked, the answer for the American people was who were the Chinese working with to make sure that Joe Biden got the advantage of those fake ballots? That is something that's under active investigation right now by the FBI and the intelligence community. And I think that's going to expose more of that coziness between China and the Democratic Party. When we're all done,
- [09:28]
Stephen K. Bannon
I want to go back. I want to go back to the beginning of this, the railhead of it in, in the Clinton White House before a certain intern wandered onto the playing field. This was the biggest scandal those talk about. This was the one you expose. Chinese generals, I think guys were bringing suitcases full of cash to the West Wing. What was the scandal then, because it shows. You remember, Clinton was the one that worked on the World Trade Organization, Most Favored Nation, passed the ball to Bush. It was a lot. On the policy side was bipartisan, but on the money taking side, it was the. It was the Democratic Party. Tell me, but give me a minute about the clintons in the 90s with these Chinese generals.
- [10:09]
John Solomon
Yeah. They used everything from the Lincoln Bedroom to straw donors China did to enrich the Democratic Party to give it enough cash that it could defeat Bob dole in the 96 election. And the payback to China was that Bill Clinton's administration lifted Most Favored Nation status reviews for China so that they had unfettered access to our marketplace, which really grew the Chinese economy in ways that before that it could not grow because every year it had to beg for access to the markets to be treated with any trade privileges in America. It took that leverage from the United States away and ultimately came back and did it in ways that have been negative for America. We don't have the leverage we used to have over China. And I think that that moment was paid for in advance by all the China money that came into the United States in 96. You had straw donors, Buddhist monks being given cash and say, turn this into a check and donate to the Democratic National Committee. You had guys bringing bags of cash into the country and distributing it so that you'd have these fake donations. Right now, the FBI, the Justice Department, the Intelligence Committee is looking to see, hey, was that going on in a new way on digital fundraising platforms like ActBlue? We don't know. We've had members of Congress say they suspect it, but they're looking to see, is there another flow of cash from China to the Democratic Party? That's question one and two. Who in the United States was supposed to catch those driver's licenses and turn them into fake ballots? Those two questions could be as explosive as what Fred Thompson and the FBI and the Justice Department exposed in the 1990s. I think the alliance between the Democratic Party and the liberal movement in America and China is as strong today as it was in the 90s, maybe even stronger. Because you got a guy like Neville Singham who created a nonprofit that's funding and fomenting all of this unrest in America in direct coordination with China. I mean, we've written the stories. You can see them. They're meeting, they're talking, they're aligned. I think the left is more aligned with China. And I think that is the big secret that Donald Trump will expose throughout the summer. Of 2026,
- [12:23]
Stephen K. Bannon
as we tell people here, you've got to understand the deep state never gives up. Your blockbuster story this morning is about Jack Smith. Take your second. Even if I have to hold you through the break, I know you get a bounce, but this one's so important that understanding that we're starting to run the tables on these guys, they actually set up a potential apparatus to go after Trump when he leaves office. Folks, this is a war to the knife. And Jack Smith and these guys are relentless. Walk us through your breaking story. John Solomon.
- [12:52]
John Solomon
Yeah. Again, props to the FBI Director, Cash Patel and the Justice Department for finding these documents. These things are hidden in places. And I'll tell you a story at the very end just how duplicitous some of the FBI people were hiding things. But these documents were hidden from us for a long time. So when we heard in January 2025, as President Trump was taking the oath of office and coming back to office, hey, Jack Smith dismissed the Donald Trump's out of the woods. No more legal issues. That's not what the FBI actually set in motion. What they did, the Justice Department went to the courts and said, please dismiss this without prejudice, meaning the charges could be brought again. That's step one. Step two is the FBI, normally when it closes down an investigation, it disgorges all of its evidence. In this case, the FBI concocted an excuse to hold the evidence in The Arctic frost January 6th investigation to 2030, ironically, a year and a half after President Trump would be out of office. And then they wrote a memo saying, we're still certain Donald Trump committed all these crimes. So you preserve the evidence, you preserve the predicate by restating what you think happened. And then you tell the judge, please don't dismiss this with prejudice, meaning it can never be brought again. Leave it open. That went on under the seal of COVID under the darkness of night in the FBI in the final days of the Biden presidency. We now have all the documents. Now here's the big question for Donald Trump's Justice Department. Will Todd Blanch go to Judge Chutkin, who oversaw the January 6th case, and say, we are now requesting that the dismissal of the January 6 case and any other case against President Trump be dismissed with prejudice. That means it can never be brought again. The reason we are asking for that the Justice Department could potentially say is that the. They found widespread abuses in Arctic Frost, such as spying on members of Congress, taking people's phone records, taking people's legal. I think that's the opportunity we'll find out if they do it.
- [14:51]
Stephen K. Bannon
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- [16:23]
Here's your host, Stephen K. Ban.
- [16:27]
Okay, we got a lot to get to. President Trump arrived in Beijing. Xi was not there, although that happens sometimes. Also, he brought an entourage with him. My favorite, Elon, my two favorites, Elon Musk and Jensen Huang. I'll get to all that. We had a very bad print this morning on wholesale inflation or in Cass, the populist economist over American compass is going to join us. Talk about that. A magnificent piece he's got in the New York Times about the situation with China and these negotiations and also going to talk about this, the 21st century road to housing. President Trump and the team getting on top of this housing situation. Also Bill Pulte will join us on that topic. Also John Solomon. But first things first. John Solomon, I just want to reiterate that the director of the FBI and the acting Attorney General of the United States, they had to search for this. This was hidden from them. This wasn't any turnover from the department. If cash these guys hadn't found it, we wouldn't have been there, number one. Number two, clearly something has to be done because folks they are, as I said, the speech of CPI back in the spring of 2025. Don't think they're not coming for everybody because they're coming for everybody. These people are maniacal and the deep state won't give up. And last but not least, John Solomon. What accountability we finally going to have for Jack Smith in this group of gangsters? Sir, the floor is yours.
- [17:54]
John Solomon
All right, let me start with the great hiding trick that the FBI did under the Biden years. This is an anecdote we'll break next week, but I'll give you a little taste of it. There's some evidence that the FBI wanted to hide all the way back when President Trump was in first term. We're talking 2018. It's damning evidence against James Comey. Some guy grabs it, they print it out, they delete it from digital databases. They buy a deputy assistant director a safe and they put the safe in his office. And they put this one document in the safe. That guy retires. And nobody knows that there's a safe in this office on some floor in the FBI headquarters building with damning evidence about James Comey. And so it sits undiscovered for six or seven or eight years. That is what goes on inside the FBI and the Justice Department, by the way. It went on all through. Trump won during the James Comey and Chris Wray years, and then it goes all the way through. And so this is why Cash Patel is basically playing a game of hide and seek. Every day he's got to go find stuff that these agents have hid all over the building that should be in the sentinel system, easy to find, but it's not. It's hidden. So that's why it took so long to find these new documents. But as soon as they find them, the President's propensity and Cash Patel's propensity and Todd's Blanche's propensity is let's get the information out. Let's people see how bad the situation is. That's how we got these documents today. The game of keep away is a chronic challenge for this administration, but they're overcoming it. They're finding things every day. Now, the thing that Todd Blanch can do to resolve this 2030 re indictment of President Trump is to go back to the court and simply say, the Justice Department originally asked these charges to be dismissed without prejudice, meaning they could be brought again in the future. We believe they now should be dismissed with prejudice based on the abuses that we found in Arctic Frost from Jack Smith and the FBI and all the things that Congress has been deeply alarmed about and see what Judge Judkin does and then run that all the way up. Even if it has to go to the United States Supreme Court, the discretion of the Justice Department to seek a prejudicial dismissal should rest with the Trump Justice Department. A judge should have no say. Todd Blanche could put a stake in this forever and take this off the table. The third thing is what accountability will Jack Smith and his team face. I think there is a predisposition in even this Justice Department to not prosecute prosecutors for prosecutorial decision making. The discretion. Now, one can disagree with that. But I just want, I'm just the reporter telling you, I've seen emails and text messages that suggest that even under Todd Blanche, a prosecutorial decision to do something is not going to be prosecuted. So what they're going to need to do is show that the steps that prosecutors took committed certain crimes, such as lying to a court, hiding evidence, keeping Brady material from a defendant. That's going to be how they're going to have to get these prosecutors. They will not prosecute someone saying, hey, we're prosecuting you just because you decided to go after Donald Trump. They're not going to do that. They're going to need to find overt acts that are clearly criminal and do that. That's what's going on in Florida right now. There is enormous activity in Florida going on. I mean, it's like a tornado down in Fort Pierce right now. Joe Digenova is ramping up. There's going to be some big appointments to his staff next week, big names coming in that you're going to see investigations. And one of the changes is instead of bringing Mickey Mouse cases like, hey, we're just going to whack John Brennan for a false statement he made in 23. They're going to now say, no, no, we're not doing that. The false statement in 23 was part of a larger conspiracy to corrupt the intelligence community. They're going to bring big, big cases against the big perpetrators that they think committed this wrongdoing. And so I think by the summer, you'll see some of those first indictments. I'd also be keeping a close eye on Cuba. I think in the next two weeks, President Trump will strike an unbelievable and unexpected blow against Cuba. It's not where people are looking right now, but I'm getting some strong sense that there's going to be a major development on US Cuba policy that'll come out of an unexpected location. But I think that that is a good thing. It means that the wheels of justice are turning. There's no more excuse making, no more secret hands grabbing cases and hiding them. Things are getting done and prosecutions are occurring and I'd be looking for all of that to come out of Florida. I think Florida is going to be ground zero of this administration for accountability.
- [22:14]
Stephen K. Bannon
John Solomon, want to thank you. Where do people go to get all your content, sir?
- [22:18]
John Solomon
Yeah, just the news.com J Solomon reports on all social media and I'm lucky enough every night at six o' clock right here in a real America's voice to follow your with just the news. No noise with me and Amanda head.
- [22:28]
Stephen K. Bannon
Okay Now I'm gonna make a pitch on live. We're gonna actually do a special tonight at 10 o'. Clock. It's been decided by the high command of Rav and John Solomon ask you to be to be on there riding shotgun with me. I'll talk to you after the show.
- [22:41]
John Solomon
I'm there, baby.
- [22:42]
Stephen K. Bannon
And John Solomon, Jack Bo have the whole team. We're gonna cover live. President Trump being officially greeted by Xi. John Solomon, thank you. I'll see you this afternoon and this evening.
- [22:52]
John Solomon
Thank you, my friend.
- [22:53]
Stephen K. Bannon
Thank you, sir. Oren Cass. So there's three things I wanted you on here today for it and it's great. Number one, quickly it was not and we're going to have EJ and Tony and bowling and others at 11 o' clock going into this more detail. Not a great print this morning on, on wholesale inflation, sir.
- [23:12]
No, not at all. And, and I think it's, it's a reminder that certainly everything that's gone on in Iran is having costs right back here at home. The other thing I just love to point out is it's a reminder of what real inflation looks like. Right? Everybody set their hair on fire about tariffs because they don't like tariffs. But you never saw that in the data because in fact that's not what tariffs were doing. Tariffs could make a lot of sense for the domestic economy here. We're seeing what a war in the Middle east does and that is, is really going to have costs here.
- [23:43]
We're going to deal with this audience at 6 at 11 with EJ and Bolling and others get in back of these numbers. They're, they're, let's say disturbing tariffs. China, you had an incredible piece. We can put it up on the and I think the information has come out since then has been even kind of more disturbing. Jameson Greer, who you and I both know is I think, doing a terrific job as the, as the trade rep. He's. There's now this article. I think it's Associated Press, Reuters talking about some board of trade that we're going to manage. We're going to manage $30 billion of, of trade coming in from China. You know, I don't get it. I don't know why we're acting as a concierge in managing China's trade. They're not an ally of the United States. They're not a peer, they're an enemy. Talk to me. There's others even more disturbing that and trillion dollar investment, buying manufacturing companies, data centers. Your piece in the New York Times was pretty brutal. Walk me through it, sir.
- [24:43]
Well, you know, I think what we're seeing right now is, is the administration trying to figure out, okay, what does the end game with China look like? You know, I think President Trump going all the way back to 2015, 2016, did, did an incredibly important service for this country in, in waking people up and saying, China is not our friend. This deal with China does not work. We need to change things. And you know, in the first term, they, they did a lot of work shaking things up, showing that we weren't going to accept this anymore. Now we're, now we're in this second term. We've sort of had Liberation Day a year ago. We are in the process of transforming the global economy and, and international trade. And we're at what people are sort of calling a trade truce with China. Early on, tariffs went way up, then they came back down. Then there were the problems with rare earths and magnets. And right now everything is just sort of on hold, fairly stable. And folks like Ambassador Greer, who I think, as you said, is fantastic on these issues. Treasury Secretary Scott Besant, who I think is, we are incredibly fortunate to have him there. He's such an expert on these things and thinks about them very clearly. They're trying to figure out, okay, so where do we go from here? Right? We probably don't want to have an embargo in both directions. If they want to put some stuff on boats that they can send to us, and we want to put some stuff on boats that we can send to them that might be okay. What we can't do is have the kind of entanglement we have now. We can't have the dependence and we can't have investment. We can't have them buying and running businesses here in the US and we can't have our business people going and becoming to the, you know, beholden to the Chinese Communist Party over there. And so I think that's, that's where the rubber meets the road. I think there's plenty of room to, you know, like you said, with something like a board of trade, we do need to find some way to manage trade. But there are also the red lines we have to draw. And the piece I wrote was about investment in particular. You know, we can't have byd, the auto company, coming and setting up and trying to build their subsidized electric vehicles in this country.
- [26:48]
Well, no, that's what I mean. They're pushing to us to open up to take their car industry, which is a state owned industry, highly, highly subsidized, compete against ours. But also they're talking about a trillion dollars of direct investment in manufacturing companies. Your thoughts on that?
- [27:05]
Yeah, I think this is something that's been floated. It was reported back during the last round of discussions in October. And I think one of the challenges that President Trump himself has, has indicated he could be open to this sort of thing, you know, specifically when it comes to cars. You know, he literally went to Detroit in January and in a speech, two auto workers pretty much said, I love China. Let China come in. With the idea being, well, as long as if BYD is hiring American workers, then you know, what, what's the problem? And I think the answer is that there are a lot of problems. One is just, you know, as you were just talking about in the last segment with the sort of spying. I mean, we deal with incredible industrial espionage already. If we're going to invite them to come set up here, you know, forget about it. Forget about protecting any of our intellectual property. There's also the problem that they will very quickly drive American carmakers out of business. Right. This isn't like Japan with Toyota and Honda coming over here. They're good competitors. You know, Honda's, Honda sponsors the Olympic. The Chinese would gut our industry and they do what they want.
- [28:12]
Hang on for a second. We're getting more into this and housing. Bill Pulte joins us next in the war room. The dollar's convertibility into gold ended in 1971. Gold was fixed at $35 an ounce. Well, fast forward to today. And the US dollar has lost over 85% of its purchasing power. Gold, on the other hand, is increased in value by over 12,000%. That's why Central banks are buying gold at record levels. That's why major firms like Vanguard and BlackRock hold significant positions in gold. And that's why I encourage you to consider diversifying your savings with physical gold from Birch Gold Group. But it starts with education. Birchgold just announced their Learn and Earn Precious Metals. Eventually, this free online event rewards you for learning the basics of investing in precious metals. Sign up to get a free silver on your next purchase. Get even larger incentives as you go. The more you learn, the more you can earn. But you must act now, as this special event only runs through April 30th. The dollar lost its anchor in 1971. You don't have to lose yours. Text my name, Bannon B A N N O N to the number 989-898 to join Birch Gold's Learn and Earn Precious Metals event by April 30th. Text Bannon B A N N O N to 989-898 and do it today.
- [29:46]
War Room. Here's your host, Stephen K. Bannon.
- [29:51]
Oren Cass is going to chief economist over at American Compass is going to, to hang out with us for a few minutes. Want to bring in Bill Pulte now. Bill is the director of the U.S. federal Housing. I would say he's President Trump's housing czar. You know, Bill, there was a, not a great print today on the, on wholesale inflation, but President Trump and the team, and you lead the housing side of it, are maniacally focused on affordability. You've got an act now, a bill, the 21st century road to Housing act, that, that really addresses the ability of young people to get into the housing market, to become owners, to have an ownership society in trying to manage cost. Can you walk us through it for a second? Because I think this thing of, oh, President Trump, these guys aren't focused on affordability at all. Or issues populist economics that focus particularly on this rising generation are absolutely false. Bill Pulte, your thoughts?
- [30:44]
Bill Pulte
Yeah, well, he's, he's laser focused on affordability. The issue with affordability is that, you know, they use it a lot and put out the word and whatnot. But then once he crushes inflation and once he makes homes more affordable to purchase, which is what's happened, frankly, since Biden was in office. They stopped talking about it and they don't give us credit for it. I mean, mortgage rates, Steve, were at 8% under Joe Biden. They got into the high fives with us recently. Now they're in the sixes for right now, the low sixes, I think they'll get back into the five. So President Trump is laser focused on affordability. We need to get young people in homes it's almost criminal what's going on in this country where people can't afford a home anymore. And so that's why this bill is so important, is because for the first time ever, rid of these corporations, Steve, that go in and gobble up these homes and they make it impossible for people to live in. And, you know, you have Elizabeth Warren and you have Joe Biden and you have all these people, they've talked about this for years, but nobody has the guts to go against the lobby. And President Trump has the guts to go against the lobby, you know, that is supporting these corporations. And I think it's, I think it's going to work out very well. We need to get people in homes, not corporations.
- [31:51]
Stephen K. Bannon
So you're getting corporations out of the buying of these, mass buying of the homes and then leasing them back to people. Right. So people are potential, they're, they're permanent renters. You want to have ownership. Just walk me through the key parts of the bill, because the Senate, correct me if wrong, I think the Senate passed this 89 to 10, which never happens, yet the House, somehow the House can't get organized enough to put this on the top of the agenda. Just walk me through the key parts that you think are the most important that the House members need to focus on.
- [32:19]
Bill Pulte
Well, I think the big reason, Steve, that this thing passed 89 to 10 is because housing is such an issue, because in particular, with inflation and people's wages in the Biden administration, nobody could afford anything. You couldn't afford a mortgage payment, you couldn't afford a house. And so when I, when I went to go get confirmed, Steve, all these Democrats senators and I had some Democrats vote for me, and I'm like, I was surprised as hell. But the reason is because they go to their district and people complain about housing prices, housing prices, housing prices, housing prices. And so finally, you have some Democrats who just say, we can't take it. We got to do something about it. And so that's what's happened. Yes, the thing is, the House does need to step up and just get this done. Look, everything incremental right now is going to help the housing problem. We need to throw everything at it. We need to throw. You know, I don't know if you saw this, but President Trump authorized me to spend $200 billion, invest $200 billion, Steve, in mortgage bonds, and we reduced mortgage rates by doing that. We need, we need all hands on deck. We need all ideas. This thing's very important. They got to pass it and they Got to pass it quick. They got to stop playing games and just get it done.
- [33:22]
Stephen K. Bannon
Bill Pulte, social media and website. I want people to find out more about you and more about what you're doing on housing.
- [33:28]
Bill Pulte
Where do folks go at Pulte on Twitter? U L T E. Thanks, Steve. Thanks to the War room. Love the posse.
- [33:34]
Stephen K. Bannon
Thank you, sir. Thank you. Thank you. We'll go the ramparts on this thing. Oren Cass, you're the, you're the populist economist. You're one of the ones saying, we got to have more legislation. We need more things coming out of Capitol Hill in the administration that are focused on populist economics. You're a big supporter of this, are you not?
- [33:53]
Yes.
- [33:56]
And why?
- [33:58]
Well, look, I think, you know, as. As Bill was just saying, it's obviously very important that we do something about the housing market. And, you know, one thing I like about what they've done here is they're. They're really coming at it from all sides. There's the question of can you afford to buy a house? There's the question of are we building enough houses? And there's the question of who are you competing with? And so to kind of, you know, go after all of it to help buyers to really open up, you know, get rid of some of the regulations and other things that are. Are preventing building and instead create incentives to build. And then finally to say, look, you know, we have a view on, on who these houses are for. Right. If we're, if we're going to do all this stuff to get more houses, we should also think about, you know, what, what kinds of houses we think make most sense in the market and getting large investment firms out of the business of owning them and more families into them, I think is exactly what the goal should be.
- [34:54]
How do you think, one, why do you think this accomplishes those overall goals that you're focused on? And two, why have we had such a tough time getting traction on the House? I mean, the Senate, like, you know, 89 to 10 or 89 to 11 is extraordinary. Why are we not putting this at the top of the agenda over at the House?
- [35:15]
Yeah, you know, unfortunately, we've seen this dynamic a few times with the House. You know, we saw it on some of the best China measures. We saw it on, you know, trying to support chip building here. We saw it on restricting investment in China. You'll have very big bipartisan majorities in the Senate, but because of the way the House runs, you know, you only need a. A particular committee chair to say, I don't like it. And the committee chair is likely to be someone who's been around for a long time, you know, maybe comes out of more the Paul Ryan wing of the Republican Party or what's less left of it. And so, you know, you have out right now, you know, Mike Pence and his group are out there kind of just putting out this, like, old warmed over leftover stuff about how, you know, obviously corporations only succeed if they're serving people. So surely if Blackstone is doing this, it's for the good of people, supposedly. And we should never have any regulation that takes any position or view in the market about who houses are for and so on. And so we're all familiar with these arguments. They're the ones that in many, certainly drove the Republican Party into a ditch. I think, in a lot of ways really hurt our economy, really hurt affordability, really hurt middle class families. And so it's wonderful that we're now at a point where the overwhelming majority of Republicans, as you said in the Senate, obviously with the President and the administration, frankly, it will have an easy majority in the House if it gets to a vote in the House. Everybody understands we need to do this a different way. And there, there are just some people, you know, I compare them to the, the Japanese soldiers who didn't know World War II had ended and, you know, you found, found them in some cave on an island somewhere to 20 years later, these guys, unfortunately, are the way the House is run. They still have a lot of power. Until Speaker Johnson steps up and says, you know, look, we're not going to do it this way. We're, we're going to actually pass the legislation that most people support and that will be good for the American people.
- [37:12]
Or here's, you know, we, we walk the audience through the three, three elements building blocks for success. We have structural issues, we have content, we have process on structural. Particularly with the redistricting fights, there's still five or six seats left on the table. With the redistricting fights, we're ramming this. People are up on the ramparts. We're going to pick up two or three more. On the process side, the grassroots, I tell people, I said the grassroots are as motivated. I saw it in Texas, I've seen in Virginia. They're as motivated as I've ever seen. As long as you have that middle piece, which is content. And content goes from codifying President Trump's immigrations to this housing. None of these things are perfect. But we can't Let you know, we can't let perfect be the enemy of good enough for now. What is it about Capitol Hill right now, particularly in the House and also in the Senate on the Save America act, which they don't seem to have a sense of urgency, the urgency that you talk about all the time, the urgency we talk about here in the war room. What is missing? What are they seeing that we're not seeing, that they just sitting and just glide and hold the House and hold the Senate in this midterm?
- [38:23]
It's a puzzle, to be honest. I mean, you just look at the political dynamics and you say, how could you guys think this is a good idea? I can't defend it. My best explanation for it is that this is just sort of old habits dying really hard. I mean, for a long time, the Republican Party's stance was markets always work better. Just get out of the way of the market, and everybody will flourish. And so what that meant was our, you know, the, the way of arguing was very much, well, we're just going to pick at every little thing, right? We, all we have to do is prove that a bill's not perfect, and then we have an excuse to vote against it because we think nothing is always the best answer. And what we've learned is that that's just not true. There, there are all sorts of cases where, you know, leaving Wall street to its own devices, leaving people, China to its own devices, leaving the border open, there are all sorts of things. We actually need rules for our economy if it's going to work for people. And so as we start, and as you see, you know, President Trump and the administration start to develop more of these ideas, as you see, some of the more innovative Republicans, you know, folks like Senator Moreno, Senator Hawley, Senator Schmidt, Senator Banks, you know, obviously when Senator Rubio and Senator Vance were on the Hill, they were doing this, developing and putting for these ideas that, as you said, of course, they're not perfect. In every case, I have something I would change, too. But that's the art of legislation, of actually making change. And you have to be willing to recognize, look, this is a lot better than nothing. And we still have people in the House in particular, who have the attitude that nothing is always better and it's a political loser, but. But ultimately, more importantly, it's just not good for the country.
- [40:08]
I want to go back what you just said about the free markets, the reason we're in the situation with China is for years you had the free traders and they didn't quite realize that the Chinese are totally mercantilist system. I'm a big advocate for decoupling. I realize people say hey, we can't do that, it's not smart, we need them. But the Chinese behind the scenes, particularly on technology and this is where they're trying to get all the advanced chips. They're trying to re engineer things. They got 350,000 kids here in college to learn it. They are since May 19th when they tore the Lighthizer deal up. We spent two years working on that. We solved all these problems. They looked at it and they said we will be in the foreign devil system and we're not going to do that. They tore it up after two years, really spit in our face. Then we had the bioweapon of the pandemic. Then we now know they hacked into the 2020 election, the series of events of where they've proven they're, they're our enemy. What, what is right now it appears that we're going over and we're trying to either integrate more or continue to couple. What is missing of the understanding that these guys are maniacally focused on eventually it's a one way street for them but decoupling from us as quickly as they can, sir.
- [41:21]
Yeah, the one way street is exactly the way to put it because of course they're happy to have us coupled to them. They, they are just have no interest in an actual mutually beneficial trading relationship. And I think a lot of American, you know, leaders, business leaders struggle with the idea that maybe not everybody is the same as you, maybe not everybody thinks the same way and wants the same things. And over and over again we have made this mistake of thinking no, no, China really, you know, China really wants a partnership. China really wants our companies to come in and secure, succeed there. Jensen Huang actually had one of the Nvidia CEO had one of the most bizarre statements recently when I said the Chinese Communist Party leaders say they want us to come and invest and to succeed. And I believe them. And you just listen that I guess I saw they picked him up in Alaska on the way over to Beijing. I'm not sure if that's at President Trump's invitation or President Xi's invitation. But that attitude is what has for a couple of generations of businesses now just hungry, hollowed out our economy, ruined opportunity for our workers, handed over our best technology. And so I think, you know, look, the good news is that President Trump obviously is the one who called this out first in a lot of ways back in 2015, 2016, you know, he gets that the old way doesn't work, but the question is, what's going to replace it? And so I think having these kinds of conversations, you know, we should be meeting with them, but what we should be pushing toward is not great. Let's get a, you know, let's go to get a great deal that, you know, this time we think is going to work. We should be pushing toward finding, you know, you mentioned sort of in the earlier segment, a board of trade, something that kind of says if there's going to be trade, it's sorry, free market is just not an option here. It's going to have to be limited, it's going to have to be managed. And then most importantly, it can't be investment. We can't have them owning stuff over here, running factories over here. And we can't have our business leaders owning stuff in China, investing in China. And then that just leaves them sort of beholden, kowtowing to the, to the Communist Party.
- [43:26]
Oren, hang on for a second. I want to hold you through the break. I want to give people all your coordinates and particularly the book you've got out and more about American Compass. OREN Cash Chief Economist, American Compass Next in the world.
- [43:38]
John Solomon
We will fight till they're all gone.
- [43:41]
Stephen K. Bannon
We rejoice when there's no more. Let's take down the ccp. 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 and proving 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. Tell them Bannon sent you. Don't let the IRS be the first to act. Take advantage of first mover advantage. You move.
- [45:39]
Here's your host, Stephen K. Banner.
- [45:44]
Oren Cass. I want to give the coordinates your book. I wanted the website, the magazine, all of it, particularly two articles, one about this amazing piece you wrote for the New York Times about this current meetings in China and particularly some of the ideas are being thrown out there about the Chinese Communist Party investing in the United States of America. Also, I believe you've got a piece that breaks down this housing bill, which I want everybody to get on. We got to get the house on top of this thing. We need more content. We need better content. So walk me through your coordinates. Where do people go? Yeah.
- [46:21]
Thank you. The you know, as you said, we had a big piece in the New York Times over the weekend on this investment issue. We also just published published polling@americancompass.org that shows that the American people don't want Chinese investment in the United States. The American people don't want us selling advanced AI chips to China. And then on the housing stuff, you know, really check out our magazine. It's called commonplace. It's@commonplace.org and especially Daniel Kishi on our team is really the guy on a lot of these housing issues, wrote a fantastic piece called the Question of why on the housing supply that really looked exactly at how do you write a bill that actually, yeah, you want more housing, but also you should think about what kind of housing do you want. And so I think that really lays out the argument. Well, we've got our book the New Conservatives that sort of explains what's going on with all this new thinking as we move away from the Paul Ryan Republican Party. And you can find me on X Orencast.
- [47:23]
Oren, you got a lot of. You're juggling a lot of balls. You got a lot of things in the air over there at America Compass. Great. You're on top of every important issue out there. So thank you, sir. I appreciate you.
- [47:33]
Well, really thanks. Thanks for the time. This was fun.
- [47:35]
Yeah. Go check out their site, check out his social media, particularly the magazine, all of it. And we'll look, work with one and get brother Kishi up here to talk about this housing situation. Major grassroots victory last night in the great state of Nebraska. Scott Peterson. Scott, you're the winner of the primary endorsed by President Trump for Secretary of State. And God bless you. We need more Secretaries of State to get back to good old time religion. Walk us through your victory, sir.
- [48:03]
Scott Peterson
Hey, and actually, I wasn't endorsed by President Trump, and that's kind of one of the fun things of the campaign. And as a consultant, you'll understand that my opponent, his consultant, tried to turn him into Trump, Trump, Trump. And it was almost a fake endorsement. I think I sent Cameron a graphic of the fake endorsement.
- [48:20]
Stephen K. Bannon
Oh, yeah, hang on. But hang on, didn't. Didn't President Trump tweet out last night your victory?
- [48:27]
Scott Peterson
I hope so. I wish he would.
- [48:32]
Stephen K. Bannon
Wow, this is great.
- [48:33]
Scott Peterson
It is a victory, a huge victory. And you, too, Steve. You know, Nebraska politics. You know, four years ago, the precinct project, you know, get everybody involved in county parties and get involved in the state party and maga. Republicans kind of took over our state party in Nebraska in 22. And since then, we've had a little problem because our elected officials haven't really got along with the state party. We've had a division there and problems. And then, of course, you know, our division in the Omaha area with Congressman Don Bacon, Trump people versus Congressman Don Bacon. So last night's victory is a true grassroots victory. And when you see how much money I spent, you're just going to be shocked at how we pulled this off.
- [49:19]
Stephen K. Bannon
Well, how did you do it? This is why I talk about structured content, process, process. The grassroots. The grassroots are fired up if they feel that they can organize to victory. What was it about you and your candidacy that got people fired up and focused to win this?
- [49:33]
Scott Peterson
Well, you know, I was plugged in, and I had one thing on my mind. If we don't fix our election systems, we're in danger of losing our country. And locally, you know, people. There's a big, big group of people across our state that don't trust our election system. So that was part of the campaign. I want to restore confidence in election systems. The other part is our elected leaders. We work hard, we elect leaders. They go to Washington, D.C. they go to our state legislature, and they do nothing. And the greatest example of that is, you know, the SAVE Act. They can't pass the SAVE Act 80:20 issue. So people are getting frustrated with our leaders. And the danger of that is they're going to quit voting, and then we're really going to have a hard time electing good leaders. Because they look at this thing, they go, hey, why work hard and vote if they don't do anything? So we have to restore confidence in our leaders. We have to store confidence in our election system. And that's why Iran and obviously the voters in Nebraska agreed with me. We had a big victory, a 10 point victory with like I said, you're going to laugh at how little we spent on this thing. And it was amazing. What a blessing. I've had such a blessing going across our state, meeting so many good people and seeing the beauty of Nebraska. It's awesome. I live in west Omaha, so it was great to get out of Omaha and see the rest of the state. Wonderful experience and I'm glad you had me on because it is a big Trump victory and a victory for the precinct project and everybody getting involved. I'll be the true first Trump supporting candidate elected statewide in Nebraska, federal or statewide.
- [51:08]
Stephen K. Bannon
Talk to me about that. There's so many the base out there and there's so many patriots and precinct strategy and MAGA and Trump supporters. What has been this rift between the kind of MAGA base and the people and where the muscle is of grassroots and getting the vote in this political class? What is this? Because it doesn't now you're starting to win, but there's still this almost civil war. Why is that?
- [51:34]
Scott Peterson
Well, I think this, this victory last night is going to go a long ways in bringing the party together and getting us together and start focusing on the true problems and the true enemy of freedom. And I'm looking forward to that being a part of that, bringing us together. We've had statewide officials that just for some reason haven't really embraced fully embraced Trump and supported Trump to give him lip service a little bit. But and especially Congressman Don Bacon goes out of his way to, you know, poke Trump all the time and antagonize him. And it's wonderful that we won't have to put up with that at the end of the year when we elect the new congressman in our district. So yeah, it's time to bring the party together and now we are going to be a true MAGA state because we are, except our elected officials haven't come along as much as I thought they should have.
- [52:27]
Stephen K. Bannon
Scott Peterson, where do people go for social media but also for your campaign site? We still got a general to run and you've got a great message for the country, for the MAGA base where they go.
- [52:37]
Scott Peterson
Peterson Foreign Nebraska. And that's sen.peterson4nebraska.com Absolutely. There's a lot of information. We have some good videos, a couple funny videos. You'll have fun with our information. We one of the things I do is I tell our campaign team, have fun, be yourself, have fun. And we did. And it worked. And excited to move forward to the general election.
- [53:01]
Stephen K. Bannon
Fascinating. And by the way, President Trump, Trump did jump all over your victory. So good on you, sir. Good on you.
- [53:10]
Scott Peterson
That was a big challenge because the fake endorsement I got to give his consultant, he hired a D.C. consultant that specializes in troubled candidates and his consultant did a good job of turning him into Trump, Trump, Trump. And, and you know, it worked to a point. So I'm glad we got by that now we, we can really get to work and support President Trump in Nebraska.
- [53:31]
Stephen K. Bannon
Onward to victory, sir. Thank you so much. Short break. Fellow patriots. The Federal Reserve has portrayed 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 112 year old law to reclaim control from the rogue Federal Reserve. He's replacing Jerome Powell. Slashing rates, igniting America's re industrialization. Now this is not theory. Government backed industry plus low rates unleashes super cycles. History does repeat. Gold's already exploding. Miners are up over 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. Jim Rickards, former CIA and Pentagon veteran says act now. Go to insider2026.com that is insider2026.com to get Jim Rickard's strategic intelligence newsletter today. Strategic intelligence based upon predictive analytics. It's what chairman and CEO throughout the world read. And you should too.