
Episode 5409: Communist Uprising In New Jersey...
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Stephen K. Bannon
I won't look. We have to throw down. We have to throw down hard. And I don't care if people get upset about it. We have to throw down. And in Florida, it's one of the great unreported stories. What's happening in the Tampa area is every bit as bad as what's happening in areas of Houston and in north of Dallas, Fort Worth.
Ed Dowd
Yeah, yeah.
Show Producer/Host Assistant
And also other Dearborn, Michigan, Minneapolis, Minnesota, New York City. Steve, I know you get to take the show. I just want to ask, I've been here for the last couple hours. I didn't see what happened. Did, did, did, is there, did we declare peace in the Mid East?
Stephen K. Bannon
Well, I think people should go to Citizens Free Press. I think Keynes doing a great job. There's been, you know, President Trump spent two hours, then left. And as I said on the morning show this morning, I think part of it is about these. The mullahs are looking for President Trump to downstroke a $12 billion check. I just don't see that happening. Also, there's a report in Times of Israel, in the New York Times that there's some part of this memorandum of understanding has a $300 billion reconstruction fund for, for the mullahs. I just don't see for people who are looking for off ramp, hey, let's wrap this thing up and go. If these are the types of terms, I just don't see President Trump agreeing that. I don't see him downstroking a $12 billion check. I just don't see him giving him access to what they say is their cash. And I certainly don't see President Trump agreeing to some $300 billion. Now, it didn't say the US is going to put in the money, but it had an investment structure for $300 billion of reconstruction. I just don't see that happening. So he spent a couple of hours, I don't think anything's leaked out about it. But President Trump is a, is, is the master dealmaker. He's got the, he's got the fleet. Remember I was in the Strait of Hormuz in the Persian Gulf in the North Arabian Sea as a naval officer back when this thing all started, back in 79 and 80. And I got to tell you, the United States Navy will always be there. They can always blockade it. So I just don't see President Trump, I do not see him writing a check for $12 billion for permission for these guys to wind this thing down. And I do not see him agreeing to a $300 billion, reconstruction fund in any way, shape or form. So I think, as I said this morning, I think we're pretty far apart on this.
Show Producer/Host Assistant
All right, folks, I say thank you. Say big round of applause for Stephen K. Bannings. Take the war room. Thank you, folks. Thank you.
Stephen K. Bannon
To Mike. Thank you.
Show Producer/Host Assistant
That came out. Thank you to everyone. All right, Stephen, your show, brother. See you tomorrow Monday.
Stephen K. Bannon
Thank. Thank you, guys. See you. We're gonna go right to our traditional cold open right in the war room. Let's go ahead and let this go ahead and hit it. Let's get a lay of the land.
David (Political Analyst)
Where are we?
Unnamed Political Commentator
We need to wait and see if he agrees on something. And when the text of that agreement appears, this memorandum of understanding, the president tweeted something earlier today. Iran must agree they will never have a nuclear weapon. Iran has made verbal promises to never have a nuclear weapon for decades. That's not new. So there's a couple other things about destroying Iran's enriched uranium that's been negotiated about before. So I really don't know. And I just want to flag, as you said, that I've never known a president who in the middle of very sensitive negotiations like this, is sort of tweeting out things with new details. And then we just already. Colleagues that are here noticed on the desk, an Iranian state news agency sort of immediately tweeted out something saying, well, what Trump is claiming is wrong, but we don't know. And this just. This just isn't the way any past president has tried to, you know, reach a very complicated, you know, cease fire agreement.
Stephen K. Bannon
Yeah. It just raises the question about whether
David (Political Analyst)
this is a political move, if this
Mark Wayne Mullen
is how he thinks negotiation works.
Stephen K. Bannon
So far, though, this negotiation has not worked.
Unnamed Political Commentator
Yes. In my general look at what was described yesterday from some US Officials we talked to and Axios had some details. This agreement as described, so far, it's a win for Iran. There's about four things that they're getting their way on. There's no nuclear negotiations right now at all. That'll be in a separate surround of negotiations in 60 days. There's no mention of missiles. There's no mentions of Iran proxies. Those are big wins for Iran. The win for the Trump administration will be reopening the Strait of Hormuz, but
David (Political Analyst)
which was open before.
Unnamed Political Commentator
It was open before the war. Exactly.
Unnamed Interviewer
A lot of people would criticize the idea of loosening restrictions, David, on Iranian oil. That's been the primary lever, the pressure point that the US has maintained throughout all of this, aside from the kinetic action in Your assessment, does the US have any more leverage to pressure Iran to come to play when it comes to specifically their nuclear program?
Unnamed Military/Political Analyst
Well, the leverage it has is that it can threaten to go back to war and resume kinetic action. Iran is pretty battered. It's still in the field, but it's taken, taken a beating militarily. I think there are just a couple of points that I would underline. This war has taught us again, the limits of US Military power, especially from the air, in compelling political solutions. It didn't work in Iraq, Afghanistan. It did work in Venezuela in a quick basic kidnapping operation, but it didn't work in Iran. And I hope the administration will focus on that, understand the lesson. The second thing that's clear to me, looking at this deal and all the others that Trump has tried to do, is that there's a lack of follow through. They had a ceasefire agreement in Gaza last year that had a lot of good elements to it and nothing has happened with it. So it seems possible to me that this Iran deal will be stillborn. The strait will reopen. The immediate pressure on the global economy will diminish, but the fundamentals won't change. The big ideas that I've heard administration officials express about working with Iran and other Gulf countries toward a different kind of Middle East. I mean, they do think big about those ideas. Without follow through, those are going to go nowhere.
Stephen K. Bannon
Are you clear on where the President
David (Political Analyst)
stands on whether we're going to get the.
Ben Berkwam
No.
David (Political Analyst)
I mean, it's impossible to be clear about that. He says, he says, I don't care about it then. I care about it. We're going to get it. We're not going to get it. But, but we've also heard, you know, that the nuclear facilities, it was obliterated. They said that last summer and it clearly wasn't since they had to go in again. So whether they go in and get the enriched uranium or as he calls it, the nuclear dust, we just don't know. And, you know, said today, I think it was that they you that the US Would be doing that. How's that going to work? How are we going to protect anybody from the US who goes in there? I assume they can do contractors and things, but I think it is not a deal until we see a deal. And I think the thing that's really unusual about this administration is most negotiations in the past or we're going to make a deal, they go in and they already have one set. Right. You know, there's just like two little tiny things that aren't aren't super controversial. And then you come out, you have a deal. But, but we've seen things happen with this president where he'll go and not get a deal. I mean Kim Jong un in the first, in the first administration, they walked out of that, that, that rarely ever happens that you walk out of a deal when you've sent the president or the vice president in Pakistan. That didn't last very long. I do think those were serious negotiations. I was over there. But again, no deal walked away after, after a certain time they keep sending in these senior people and they haven't yet made a deal on.
Stephen K. Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. You're just not going to free shot all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
Unnamed Commentator
And where do people like that go to share the big lie? MAGA media. I wish in my soul, I wish that any of these people had a conscience.
Stephen K. Bannon
Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. War Room here's your host, Stephen K. Ban. It's Friday 29th May in the year of our Lord 2026. Thank you for joining us on the late afternoon early evening edition of the War Room on a Friday. The Friday shows and of course my beloved Saturday morning are my favorite shows of the week. So and I want to give a shout out to Citizen Kane Kane over Citizens Free Press. Just go there. He's doing a great job of putting up all the headlines as this is kind of you're basically involved in the negotiation process right here. President Trump, as we left the morning show, I read you President Trump put out a truth social and he went into the Situation Room that was widely reported. There was a several hour meeting thing. He spent a couple hours in the Situation Room and then left. There's no deal. There's supposedly by news reports, as I said, I don't know if we have that clip but I said this morning I just don't see President Trump, at least as I know him, I don't see President Trump agreeing to let these guys have access to or pay them or have money for them for $12 billion down front to downstroke a check just to get permission. Just to get permission of doing that. I just don't see it. There's this whole thing at $25 billion or $30 billion, and $12 billion will be on a downstroke. I don't see that. Then the Times of Israel on the New York Times, it's at the top of Citizens Free Press. Just click on that. You want your head to blow up. There's part of this memorandum which no one's really seen, or if they have seen it, they've seen pieces of it. And John Solomon says, what you're seeing in the press and the media is not what's actually happening in the room. So let's take John and put a pin in it and hopefully that's happening. But they reported a $300 billion reconstruction fund now, didn't say who was going to fund it and applied. The United States was not. But some, at least not all of it, but some type of reconstruction that feels like, smells like reparations for the reconstruction of their country. This is one of the big hangups. Remember we had in Ukraine with the deficits. We have the almost $40 trillion of debt, having to refinance it, the problems we've got in debt now the American huge story. Think of the Wall Street Journal Day. American credit cards are like approaching $1.3 trillion. A big percentage of that are not active. They're in default already. Americans are up to their eyeballs in debt and this debt's getting more expensive. The treasury is going to have a tough time rolling over this debt and refinancing. They'll get it done, but I believe they'll get it done at higher rates. It's not the time to be talking about reconstruction in a, in Ukraine or in Gaza or in Tehran. Oh, Steve, that's just the thing they're going to put in there. And other people are going to fund it. Well, then take it out. Make it a, make it something else. Say, hey, you know, subject to all this getting done, you can talk to the, you can talk to the Qatar and the Turks and the Saudis about doing a reconstruction fund. It can't be part of this. As I said, the whole ceasefire extension and this little memorandum of understanding is now taking on a life of its own, not even talking about the deeper issues you got to sort out 60 days from now. But this is how the Persians negotiate, folks. I get to tell you, you spent a couple hours in the Situation Room and they came out without a resolution. And it's been very tight. There haven't been a lot of leaks, but what you're hearing is things about financial payments to the mullahs and to the, you know, whatever's left of the Ayatollah sun into this, into this group of new military commanders for the Revolutionary Guard. I think it's going to be tough even for people. And I say this, the Mark Levins of the world, the Lindsey Grahams, the Ted Cruz, who have advocated regime change, have agreed with Netanyahu and they've been very upfront about it. They're not hiding it now. They're very upfront about it. You have to do this to make this kind of deal. They will argue and they will have some justification that you didn't get people like you got in Venezuela, you have people like you've got in North Korea that are still there and you're underwriting them. Also lifting the sanctions. The economic warfare part of this was working. That all gets back to backing the fleet off Hormuz and from the North Arabian Sea, from the naval blockade. So the president has a lot of tough decisions to make. But if the Iranians, it seems like the Iranians are not being particularly cooperative, at least of what we're seeing. John Solomon says different inside folks, I don't know. We may be going back to the Sunday shows. I just think at some point in time, President Trump's going to say, okay, let's start talking about the kinetic alternatives. I just don't see President Trump downstroking a $12 billion check for the pleasure of dealing with these guys. And I hear that that's one of the hangups. They want cash. They need cash now because they're broke. Of course they're broke. We've been in economic war with them and we hit them militarily. But I'm just saying, for those of us who want an off ramp and wrap this thing up and go, I think they're making, I think the conditions are, they're making it too tough. Now. Trita said today, hey, they know their country's financially collapsing. The GDP is going to drop 10%. A 10% drop in GDP is a big deal. That being said, they're not negotiating it like that. At least it doesn't seem like. I just seen President Trump underwriting this regime. We're taking a short commercial break. Now that the war is winding down, Ben Berkwan brought up a good point to me the other day. Says, hey, with this war winding down, somehow they got to get. The left's got to get something else and they're going to go back to ICE and they're going to go back to ICE facilities. The situation in New Jersey is untenable, not acceptable. Ben Berkwam is going to join us in a moment. Also, Edward Dodd, Edward Dowd is going to join us about the Chinese Communist Party and their finances. 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. Birch Gold 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. War Room. Here's your host, Stephen K. Bannon. Okay, welcome back. And everything that's been going on, we have not. This show has not been on top of this ICE facility. And this is a big deal as Ben Berkwam. Well, first of all, I might let Ben Berkwam speak for himself. What we're going to do is just play, get you caught up a little bit on what's been going on, and then we're going to bring on our own Ben Berquhom to explain it all to you. Let's go ahead and let her up.
Unnamed Commentator
So since they won't respond and help protect the streets, because we're not saying protect our building, we're saying protect the streets. Allow our employees to go in and out, allow these transfers to happen. If they're not all on it, then we got to prioritize federal police officers and that may affect international flights coming in and out of their airport because I'm going to have to pull custom and border protection officers out of being able to process international flights and put them helping our ICE agents.
Mark Wayne Mullen
That was Donald Trump's Secretary of Homeland Security, a man named Mark Wayne Mullen, attempting in that interview to justify what many people find to be an utterly crazy and nonsensical policy proposal that he and the Trump administration have spent the week publicly road testing, which is to potentially bar cities they deem sanctuary cities from accepting passengers from international flights into the United States. As though the passengers on international flights have anything to do with anything. Mark Wayne Mullen has threatened to pull resources from airports like Newark Liberty International in New Jersey in response to what is happening outside of the Delaney hall immigration detention facility. What's happening there is that protesters and public officials have gathered after multiple reports have emerged of inhumane conditions and an ongoing hunger strike inside. Donald Trump's immigration agents have even barred New Jersey's Governor, Mikey Sherrill, from seeing what's taking place inside the facility. In the state she runs, we should note, DHS denies these reports.
Unnamed Protester/Activist
Hey. Hey. Hey. Get off of him. Get off of him. Get off of him.
Unnamed Protest Organizer
Yeah.
Unnamed Protester/Activist
Yeah. You're so mad about our First Amendment. Watch your back.
Unnamed Interviewer
The New Jersey leaders pushing back against
Stephen K. Bannon
ICE operations at Delaney Hall.
Unnamed Commentator
About ice.
Stephen K. Bannon
Yes.
Unnamed Commentator
Or about nice, as I call it. Nice. The nice facility. I'd love to change the name. Call it nice. They do a great job. And it's all paid for protesters. You know, you can see by the signs, the signs are all made by the same beautiful factory. It's a printing plant. In fact, I'm thinking about using it. They do such a nice job. These aren't protesters. These people are fake. They're all paid for.
Unnamed Protest Organizer
We've seen over the past four nights continued interactions between ICE and protesters. We really feel like adding ICE to this situation has made things less safe. And we've seen a surge now in ICE agents coming into the region, which has given us a great deal of concern. So right now we are working to make sure we get ICE out of the situation, establish peaceful areas for protesters. We also had a protester get hit by a vehicle, which is why we last night took action to on the vehicles and are working again to just create a much safer environment. And we know from other. Other states that that is not how ICE would take charge of the situation
Unnamed Protester/Activist
because they are trying to force them to accept voluntary departure. They are making the conditions so unbearable that they would rather go home to their own country, many of which they escaped because of terrible conditions. And what they're realizing is the conditions in the United States of America are worse than the conditions in countries with dictators and fascist leaders.
Stephen K. Bannon
Ben Berkwam, you know this crowd better than anybody. You've covered this better than anybody all over the country. Why did this pop up over Memorial Day weekend, sir?
Unnamed Military/Political Analyst
Yeah.
Ben Berkwam
In fact, some of the largest protests that we saw were on Memorial Day. What a slap in the face to all of our veterans that paid the ultimate sacrifice for our freedom. They paid the sacrifice so that not for scumbags like this, the seditious, treasonous scumbags like this, so that we could actually stand up and continue our liberty. This is happening. It's telegraphed, Steve. The war in Iran is winding down. They can see that. And the perpetual outrage that the left needs, that's the only policy that they have right now is simply having to shift gears. And so this is the next phase of that. And so just so everyone understands, as this continues, as we head towards the midterms, that's all they have. And so if this doesn't work, if they don't end up getting another Alex Preddy or Renee Goode, which, by the way, the Democrats were the happiest about that, because then they could use them as the political pawns. That's what they want. They want something like that to occur so they can blame ICE and then this can metastasize across America. But all you have to do is go onto any of the Democratic Socialist pages. They're calling for more hands on deck. They're sending out messages to all of their communist comrades across America, trying to get them down there. And the dog whistles from the Democrat politicians that are out there, that this is all set up to create that outrage, to create a situation where they justify more outrage simply to fill the gap, the void that they're losing now because Iran's winding down one way.
Stephen K. Bannon
I know you're absolutely correct because Nicole Wallace and msmec just this afternoon when I told producer Cameron, I said we need to start focusing on this, they're now putting it up all over. The reason I know we need to focus on it. It's getting more and more violent. Is there a lesson here for us, Ben? Because the president, trying to be magnanimous, you know, Bovino is now back in Yuma, I guess, getting ready to retire. And we're huge Bovino fans. We thought he did a fantastic job. Mullens has been pretty upfront in his confirmation hearings. The mass deportations were not on the table. Right. They were going to look at criminal ailment et cetera. But is this a lesson for us, that the mass deportations should continue? That this is really the policy President Trump ran on and won on? This is what the American people want. And the left is going to go just as nuts when you're trying to work with them and you're holding out the olive branch. They're just going to slap you in the face. They're never going to work together to solve this problem, because they don't. Their entire business model is keeping the 20 million illegal alien invaders in the country and allowing them to vote to get social services, et cetera. So there's no middle ground here, sir?
Ben Berkwam
No, there's no. We can't take the premise that the Democrats have any desire for any good solutions in America. Everything that they're doing is to undermine this country. We've seen it time and time and time again. And so I wouldn't offer any olives branch, just like I wouldn't offer Iran an olive branch. And to that congressional representative's point, good. If they're uncomfortable here and we're trying to push them towards self deportation, good. We want that. We want it to be uncomfortable for illegal aliens in America so that they stop coming. And that's what President Trump did. The Democrats said the border couldn't be closed. They said this is inherently a problem globally that we're just having to deal with. And we saw exactly what happened on day one when President Trump stopped CBP1. He said, you can't come in. They stopped coming. Now you still have illegals coming. You still have the cartels operating, trying to get their drugs across. But the massive amount, 20 million, you're being conservative. I think when we talk about the total number, the universe of illegals in our nation, you know, it could easily be upwards of 50 million. When you add the millions that Joe Biden allowed in and the millions that were already here. We need to say no more. It's mass deportation. We're getting rid of all of them. I wouldn't even threaten on shutting down international flights. They should just immediately do that. Every international airport in America that's in a sanctuary jurisdiction should be shut down today. We need to put pressure on these people. And as you said, as Bovino, when we go into these places, if you act like a traitor and you get treated like a traitor, we shouldn't back down at all. It should be all gas, no brakes. That's what the American people voted for.
Stephen K. Bannon
You mentioned to me, you've talked about this has all the makings of when you would Go up and watch that one outpost in Portland. But the part of the country they're in ain't Portland. This could get very dangerous. It could get very dangerous for ICE officers pretty quickly. Ben Berkwam, your thoughts on that?
Ben Berkwam
Yeah, these. Well and you mentioned it. This is the Red Green Alliance. This is communists mixed with jihadists that have been incentivized by radical leftist communities. They haven't received the accountability that they deserve and that they need to hold them accountable. And we're heading towards that. We have terrorists. Antifa's a terrorist organization. We clearly have it through the Muslim Brotherhood and care jihadist terrorist networks in our country. That's what we're heading for. We're heading towards terrorists on a scale. Terrorism on a scale that we haven't seen in America. We've seen bits and pieces of it. But look at what's happening in Europe right now. Use that as a model. Look at what happens in Israel almost every day when you have the Palestinian terrorists coming across. That is what we're heading for in America and we've got to be eyes wide open to that. I mean that's what the left wants. They want civil war. It's the rules for radicals. It's the only way to destroy this country. It's create mass chaos and then you rebuild it in the image that you want it. That's where we're heading if we don't get a grip on this really quickly.
Stephen K. Bannon
Ben, social media, we got a big announcement about you. Something we're working on with hopefully next week where social media. How do people keep up with you, sir?
Ben Berkwam
New episode Law and Border coming out on America's voice. AmericasVoice News. FrontlineAmerica.com is my website. Substack is Frontline America. All my social media is Ben Berkwum and stay tuned. It's going to be big. Everyone's going to want to get it. So I'll be, I'll be back with you soon to talk about it.
Stephen K. Bannon
Perfect. Get ready to deploy to up to New Jersey too. Also Ben or maybe out to for Tina Peters. Tina Peters is released on Monday. Never know where Ben Berkhom's going to show up. We'll talk about the Tina Peters situation tomorrow on the show. It's going to do it tonight but we're going to do it tomorrow. Her day of freedom is upon us. Short commercial break the Chinese Communist Party they kind of lectured President Trump. You're the declining power, we're the rising power. Ed Dowd says yo, not so fast Next in the war room. War room. Here's your host, Stephen K. Ban. Yeah, I want to make sure everybody knows what the federal judiciary is making a big deal about today is that they some judge came and stepped in. You got to take Trump's name off. You can't put Trump's name onto the Kennedy center and oh, by the way, can't shut down for repairs, which it needs President Trump better than anybody else. Can't shut down for repairs for two years. So they're intruding in that. President Trump just put up a true social. If we can post that he gives you the, what his, his unexpurgated opinion about that. Also want to, you know, a couple of the engine room people have brought up. We said Ben said 50 million. When I say 12 to 25 million, that is only. We're talking about on Biden's watch. I go with the government number of 12 to 13. That's what they admit. They admit that that number may be as high as 20 or 25 million. President Trump has used 20 or 25 million and other people have too. That's just the four years on Biden's watch. And I go, hey, look, we got a huge problem with before but let's deal with that first. Let's deal with this and the deportation of all of those. Vivino, who we think is fantastic and did a great job, he was border patrol for years. His number is 100 million. Just to make sure that Ben's 50 million is. Bovino has said on many occasions, you're going to have to deport 100 million. That is the number illegals you have from the beginning of this fiasco, 100 million. Look, the people that did this, the corporatists, the oligarchs, the Democratic party, all the NGOs. You can't love this country and allow that to happen. You just can't. You hate this country. You hate the citizens of this country. You don't care about the future of this country. That's obvious whether it's 20 or million or 100 million. But it's a massive problem. And this is why we're saying. And now even the White House has this thing about they got the aliens among us. Look, hey, hang on, I got it. You know, we got to get all the information about UFOs, but we have an illegal. I don't need, I can't. There's only so many things you can take on at any one time. You can't take on the aliens because they got to deal with Illegal aliens. And let's start with the. What they admit is the 10 to 15 million that they brought in here. They admit. Let's deal with those first. Okay? That's more than the bad hombres. That's a lot of people here. We got to deal with it or we're not going to have our country. And I understand it's not pleasant. I understand they start yelling and they want to burn things down and they want to hurt people. These, the protesters, the Marxist jihadists. But listen, it's not going to happen by. This is not a debate. You're not going to debate this one out. That's why I say it's an unbridgeable gap. Only people that keep political power and using that political power smartly when you have it. So, brother Ed Dowd joins us from Hawaii today, giving analytics. And Ed, you had a report out in January, but I got to ask you, I want to tee it up this way. I want to frame it. The President, United States Commander in Chief, and with everything going on, schleps over to Beijing to have a summit. It's going to be this big, important summit. And he brings these business leaders. He's got, you know, Rubio and Besson, got the entire crew. Hexa's with him, everybody. And in the first big event they have at the Great hall and they got, you know, 50 guys on each side. President starts with really magnanimous and saying, you know, she. We try to work together, just, you know, as friendly as one could possibly get among world leaders. Xi comes back immediately and like, starts talking. It talks about this Thucydides trap, this construct from history that you have a declining power and a rising power, basically saying, the United States is the declining power, China is the rising power. And saying we got to avoid the Thucydides trap, which is the declining power. Elites get so upset that they take actions that cause a catastrophic war with the rising power. And the rising power, basically almost every time wins, replaces the declining power, but it's catastrophic for both sides. He's essentially saying that the United States and Trump, you know, you had managed to climb before you got there. You have not been able to reverse it. You're still in decline and just get out of the way and don't do anything wild. So we have a catastrophic war. You have taken a hard look at the Chinese economy. What say you, sir?
Ed Dowd
Let's talk about this rising power scenario. And all over the Twitterverse, people are saying China's overtaking the US China's overtaking the US what do the numbers suggest? Prior to 2020, China's GDP priced in US dollars was 80% that of the US since COVID and their real estate crisis and their demographic decline, their GDP price in U.S. dollars is now 60% of the U.S. their 5% GDP growth since 2021 price in U.S. dollars has been zero. And we put out a report in January warning of their now entering the acute phase of the crisis. Permitting, housing permits and real estate permits collapsed 70%. Now they had some ongoing longer live projects. So construction in residential real estate had only dropped 20%. But now the overall construction numbers, this is the overall construction numbers for their whole economy started to decline in the fourth quarter of last year and in the first quarter of this year are now running at a year over year decline of 8%. So this is now spreading to the rest of the economy. The acute phase is coming. They've extended and pretended as long as they can and they have serious issues. And I would say that the cities, well, I can't even pronounce it. The trap that he suggested is the other way around. We have the negotiating leverage. They are in dire straits. They have a population they need to keep employed. We were hearing reports of the migrant workers that come in from the villages and the rural areas to go to the cities after Chinese New Year for the first time in a long time, had to go home. A lot of them, it's about 300 million migrant workers. A lot of them couldn't find work and had to go home. So they got a problem. And I think a lot of what we saw when Trump went to China was posturing. They're the one that's in crisis and we do need to work together because they're trying to dump. They're in a deflationary status, the factory of the world. They overbuilt, all their investments are overbuilt and they're trying to export their way out of the problem, much like China did after its demographic decline. Japan did after its demographic decline. Japan though is 110 the size of China. And that's why we have trade wars going on. And Trump is rightfully negotiating trade so they don't dump all their deflationary goods on the rest of the world. So there is a crisis coming in China and they need to work with us. It's the other way around. And we do need to work together because they have a problem and it's only going to get worse. And when their population starts to go hungry, they're going to have to find a scapegoat so we need to work together. And I think Trump and team have been negotiating leverage, not the other way around.
Stephen K. Bannon
Part of the. To back up what you're saying. They dumped I think $100 billion worth of goods into Europe.
Ed Dowd
Right.
Stephen K. Bannon
That eviscerated the middle market. Companies just eviscerated Europe. Europe got a taste of how these guys will just, will just dump. President Trump has asked for years and people have asked for years that people that are not in the decoupling school of thought. I'm a hardcore decouple, just a couple, because they're trying to decouple as soon as they have the technology and ability to do it. Some of the people non decoupling said, hey, China, you have to build your internal market. You just can't beggar thy neighbor by dumping these goods everywhere. Just continue to manufacture them to try to take up capacity and then dump those goods, by the way, all supported by state owned industries, dump those goods into international markets and basically drive down wages and crush workers throughout the world. So people have said, hey, you've got to build a domestic market. They have tried now for 20 years. They can't seem to do it. President Trump took, I think, 25 supplicants. You had Larry Fink, you had Steve Schwarzman, you had Tim Apple, you had Musk, you had the whole crew over there. And all of them said, oh, these guys are great and we want to build business here is China. Not when you take the hard analysis of Graham and other people that I know that you follow about investing, is China technically, by what the west considers proper due diligence and fiduciary responsibility. Is China uninvestable in sir?
Ed Dowd
Well, we would like that to change, but they're not certainly investing in their internal consumer market. And that's evident by the only thing that's keeping the lights on for China is their export market. And they really ramp that up to get them out of the hole when the residential real estate crisis began. So they're too big to do it, so they need to.
Stephen K. Bannon
But hang on, but hang on, but hang on, but hang on. When you talk about that, we talk about the ex part. That's just beggar thy neighbor. They have crushed the European economy because we had tariffs. Thank God Navarro and the trade ambassador showed up. The trades are with President Trump. We hit them with tariffs. This is why they didn't dump everything over here. They're trying to. They tried to have all these mechanisms, this thing, a $30 billion fund. No, no, no. Get rid of all of it. They dumped $100 billion of goods into Europe. So they'll beggar thy neighbor right? In a second. But the world has to stop that. Right. And force them to build their own internal consumer market.
Ed Dowd
Correct? Correct. And that's why these tariffs are very important and the right move long term. They need to restructure their economy. If they don't, they're in deep doo doo and they're going to have internal strife. They need to open up their markets and stop stealing our intellectual property. If they want a serious internal consumption, they need to let us in and stop this beggar thy neighbor nonsense. They have a serious demographic decline that's really going to go until 2032.
Stephen K. Bannon
But it's only getting worse. If they were, if they were, if they. Hang on. If they were, why do we need to step in? I realize that's the argument. That's what the 25 guys went over there. Why do we care? Isn't it better for us if they collapse? And the way they collapse is keep high tariff barriers up, get Europe to join it and tell them, hey, you had every opportunity to build your domestic market, the west, we don't have an obligation to come and bail out a murderous dictatorship. Lao bite. Let nature, just like with the mullahs, bring them to their knees economically when you have the choice and then let the people, let the people vote. 40,000 people got gunned down by the mullahs back in January because people were taken to the streets in millions to overthrow this regime. And that's how the regime will eventually get overthrown. Just like Lao Beijing will overthrow the Chinese Communist Party. But you gotta give them some assistance, right? You can't keep. Right now we're just in a constant bailout of the ccp, are we not?
Ed Dowd
Well, I think we should work with them because if their collapse happens too quick, they're going to go find a scapegoat and that's a geopolitical problem. And they might get more kinetic in their operations. And I look towards Taiwan. I'm not saying we're going to go over there and bail them out. The faster this happens, you're correct. It forces potentially a regime change. But that would be very difficult to do. And the reason why they don't start their own internal consumption economy is because the 7 million card carrying red card members of the Chinese Communist Party sit atop of this whole mercantile structure. And they would have to give up power and wealth to do that. So one or two things is going to happen. They're going to collapse and we do nothing. But that will have unfortunately ramifications globally for global growth and there could be a contagion effect back into our markets and financial markets. So I'd rather see us work together. That doesn't mean we're going to bail them out. But certainly the way that Xi postured Trump was, I think wrong and much I think it was a smokescreen. We have all the leverage. We're the consumer of last resort in the world.
Stephen K. Bannon
Hang on one second. I want to hold you through the break. The great Ed Dowd doing the analytics for us and we're going to give access, tell people. Ed's going to tell how to get this report. Birch Gold, end of the dollar empire. Maybe now it's time you immerse yourself in it. All the information put out by Birch Gold is completely free and you have no obligation. So if you get access to Philip Patrick and his team, take advantage of it. This is what we do with the sponsors here. We say, hey, one of the requirements is people, the Warren Posse has to get access to you if they have questions. And all of our sponsors meet that. And quite frankly, they love the Warren Posse because you guys are very loyal customers as soon as you come on board and they provide their goods and services. Philip Patrick loves interacting with and talking to members of the posse. Take your phone and Text Bannon Bannon at 989-898. The Ultimate Guide for investing in golden precious medals in the age of Trump. Short break. Ed Dale on the other side, War Room, here's your host, Stephen K. Ban. The one of the reasons the CCP is so brutal in the way they run the deal and particularly their great fear of Christianity and Catholicism, actually more in this regards evangelical Christianity. The Taiping Rebellion that took place just around the time of the American Civil War. 30 to 40 million dead in China back in the day when they probably had, I don't know, 150 million people massive. Still, percentage wise, the worst civil war in mankind's history was started because of evangelical Christianity kind of picked up from the missionaries and spread like a prairie fire through all of China. It's one of the reasons they of all the things they're worried about, evangelical Christianity is one of the things that scares them the most. For some reason, the Chinese people, once you light a match, it tends to pick up and it tends to burn pretty bright. Talk about that tomorrow. Brian Kennedy is going to be our guest. Also, Eric Metaxas. We got a lot to cover tomorrow and we're going to get to it. All plus Tina Peters. Ed Dowd, you've been doing great work. I want people to know, first off, are we at peak? Because they keep telling me they're rising power. They're going to do this, they're going to do this. Have we had peak China or is China in the rearview mirror? Where is China right now in the world of Ed Dao?
Ed Dowd
Yeah, peak China is behind us. They're in the rearview mirror. They peaked out economically and demographically versus US GDP wise price in US dollars in 2020. And that's when their demographic decline really started to accelerate and the real estate market started falling apart. And that's where they invested so much of their gold and treasure after the great financial Crisis. They have 20 years of supply, so they're in the rearview mirror. They're going to take decades of restructuring and they're going to try to export their way out of it, much like Japan did. I also want to point out I was in business school in 95 and people in 95 thought that China was still on the ascendancy. We did a case study suggesting they weren't. Most of the professors disagreed with us. We still got an A, but I was using demographics and saying that Japan was in the rearview mirror and that bore itself out. So even after the peak has passed, people still think in their mind that China is ascending. They are not.
Stephen K. Bannon
I just want to take and make sure on the critical path, folks, take your number two pencil and put that 2020 that Ed Dow just said, gosh, that's pretty close to 2019. When they tore up, when the Lighthizer deal that Navarre and Lighthizer had negotiated for two years, for two years was there for approval in May of 2019, they rethought it, said, if we do this, we'll always be at the beck and call of the foreign devils. And so we're not going to do it. They tore it up in spit in our face shortly thereafter. Because remember, keep the timeline right. President Trump's economy in 2019, in this late summer, fall and winter to the Christmas period, on fire. A golden age for the American worker. 1.4% inflation. Right? Workers wages, blue collar wages growing faster than white collar, non college graduates, higher than college graduates. The convergence of his full spectrum energy dominance, his decisions on interest rates, growth, all of it hitting on all cylinders. And then lo and behold, in 2020, the very year that Ed Dowd says you can start to see their decline, they released the bioweapon from the Wuhan lab. Yes, that's another thing the war room has been right on since day one. Remember, we shifted one hour of the show back. There was two hours of war. Impeachment. We shifted one hour of the show. Actually, we were three. Three hours, one in the afternoon. We shifted one hour of the Show. The 11 to 12. We shifted, I think on January 20th to wait for it. War room pandemic. Yes. The Chinese Communist Party released a bioweapon out of the Wuhan lab. Maybe inadvertently, but a bioweapon came out and the rest is history. No, Xi, you're not the rising power and we're not the declining power. We were a declining power by the elites and ruling class around this country before President Trump. And guess what? It ain't been perfect. Nothing is perfect. But one thing that he's done is stopped the elites in this country from forcing the managed decline of this country. Ed Dowd, where do people go to get all your reports on this? Social media? All of it, sir.
Ed Dowd
To get the China Report and other reports, go to financetechnologies.com, it's highlighted on our homepage. It's with a ph instead of an f. Financetechnologies.com and also on Twitter, ouedward. And I also have a personal website, eddowd.com where you can reach me. Subscribe in case the lights go out again.
Stephen K. Bannon
Thank you, sir. I appreciate you, Ed Dowd and the team out in Hawaii. Boy, you got Sherry, you got the entire crew out there. Incredible. Do I have Mike Lindell? Mike Lindell. I didn't think we were gonna get you, Mike or I come to you earlier. How they trying to. How's the Rhinos trying to screw Mike Lindell this afternoon, sir?
Mike Lindell
Well, it's the same old, same old. But, Steve, I'm getting delegate after delegate coming up and going. Wow, I'm so glad you're here. We haven't heard from you. And I say, yeah, because the party won't give me the list of you guys phone numbers and address like everybody else got so they could campaign to them, send them stuff, call them, email them. You know me, Steve. I would. I would have got out to each and every one of them. So we're hearing this. And then, by the way, Bryce White just spoke and he brought the house down. That was a big, huge applause. But we. It's really bad. They don't want me to win. This is what, you know, when I have the only path to win, when the people of Minnesota want I'm highest in the polls. This guy just came up and he said. And he's arguing with me. And I said 1500 people should not be able to choose our candidate. And you make everybody drop out before the primary. It just doesn't make sense. So we're going to fight on. We're going to go. Tomorrow's the big day. I got to do the speech and I'm going to let the. Let the party have it. Of what the. How. This is just wrong. And there's only one pathway to win. We got to start campaigning against Amy Klobuchar right now. And everybody, if you can, if you want to help out, is lindellgov.com you can check it out.
Stephen K. Bannon
Okay, brother, give me the. You get 60 seconds. Give me a deal and make it a great deal.
Mike Lindell
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Stephen K. Bannon
Most powerful promo code around. Hit it, Mike. We'll see you tomorrow morning. The second hour of the war room is now upon us. Stick around.
Episode 5409: "Communist Uprising In New Jersey"
Date: May 29, 2026
Host: Stephen K. Bannon
Key Guests/Contributors: Ed Dowd, Ben Berkwam, various political and military analysts
This late afternoon edition of War Room centers on two interlinked crises: first, the standoff in U.S.-Iran negotiations—focusing on Trump's resistance to large-scale financial concessions during a tense ceasefire process; and second, what Bannon and contributors describe as a "communist uprising" in New Jersey, highlighting escalating protests at the Delaney Hall ICE detention facility. The episode also features an extended segment on China's actual versus perceived economic strength, reframing the narrative of China as a "rising power."
Bannon, with his characteristic confrontational tone, seeks to connect these headline issues into an overarching narrative of American decline under leftist/establishment influence and the need for a dramatic, uncompromising response.
Stephen K. Bannon (00:34):
"I just don’t see President Trump agreeing to let these guys have access to or pay them or have money for them for $12 billion... I just don’t see President Trump underwriting this regime."
Unnamed Political Commentator (03:46):
"As described, it’s a win for Iran... There’s no nuclear negotiations right now at all... No mention of missiles... no mention of Iran proxies. Those are big wins for Iran."
David, Political Analyst (06:16):
"It is not a deal until we see a deal... I've never known a president who in very sensitive negotiations is tweeting out things with new details."
Stephen K. Bannon (07:42):
"This is the primal scream of a dying regime... It’s going to happen."
Ben Berkwam (21:47):
"What a slap in the face to all our veterans... This is, it’s telegraphed, Steve. The war in Iran is winding down... and the perpetual outrage that the left needs… this is the next phase."
Ben Berkwam (24:27):
"We want it to be uncomfortable for illegal aliens in America so that they stop coming. And that’s what President Trump did. The Democrats said... we saw exactly what happened on day one when President Trump stopped CBP1. He said, you can’t come in. They stopped coming."
Ben Berkwam (26:20):
"This is the Red Green Alliance. This is communists mixed with jihadists incentivized by radical leftist communities... We’re heading towards terrorists on a scale... that we haven’t seen in America."
Stephen K. Bannon (21:34):
"Ben Berkwam, you know this crowd better than anybody… Why did this pop up over Memorial Day weekend, sir?"
Ed Dowd (33:14):
"Since COVID and their real estate crisis and their demographic decline, their GDP price in U.S. dollars is now 60% of the U.S... This is now spreading to the rest of the economy. The acute phase is coming."
Stephen K. Bannon (36:08):
"They dumped $100 billion worth of goods into Europe... basically drive down wages and crush workers throughout the world."
Ed Dowd (43:53):
"Peak China is behind us. They peaked out economically and demographically... in 2020. Now they’re in the rearview mirror."
Stephen K. Bannon (44:55):
"Take your number two pencil and put that 2020 that Ed Dow just said... That’s when [China] released the bioweapon from the Wuhan lab."
Stephen K. Bannon (27:46): "Vivino, who we think is fantastic... has said on many occasions, you’re going to have to deport 100 million... That is the number of illegals you have from the beginning of this fiasco."
Stephen K. Bannon (31:59): "Look, hey, hang on... We have an illegal... I can’t... There’s only so many things you can take on at any one time. You can’t take on the aliens [UFOs] because they got to deal with Illegal aliens."
Bannon’s recurring rallying cry:
"This is the primal scream of a dying regime. Pray for our enemies because we’re going medieval on these people." (07:42)
On the protests:
"These aren’t protesters. These people are fake. They’re all paid for." (Stephen K. Bannon, 19:59)
On policy: "There’s no middle ground here. We can’t take the premise that the Democrats have any desire for any good solutions in America. Everything they’re doing is to undermine this country." (Ben Berkwam, 24:27)
On China:
"Peak China is behind us. They’re in the rearview mirror." (Ed Dowd, 43:53)
The above summary captures the essence, key arguments, memorable lines, and relevant context of Bannon’s War Room, May 29, 2026, for listeners seeking the core substance without the show’s extended commercial and non-content segments.