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Bannon`s War Room
WarRoom Battleground EP 767: It’s Time For Fiscal Republicans To Fight
WarRoom Battleground EP 767: It’s Time For Fiscal Republicans To Fight...
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- [00:03]
Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Christians, I got a free shot. 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. And where do people like that go to share the big lie?
- [00:28]
Tim Burchett
MAGA MEDIA I wish in my soul.
- [00:31]
Steve Bannon
I w that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
- [00:45]
Tim Burchett
WAR ROOM here's your host, Stephen K. Ban.
- [00:53]
Steve Bannon
Okay, Tuesday the 13th of May, your overlord 2025. Thank you for staying around for the second hour of the late afternoon early edition of early evening edition of THE War room. So we're jammed today. Spencer Morrison is going to join us here in a moment. The author of Reassuring. He's got some observations about where we stand with the Chinese tariff deal, some guidance for Scott Bessen, Secretary of Treasury and the president, Oscar Blue Romero is going to join us, but some massive developing story in the cartel wars down in Mexico. And Tim Burchett is going to join us later in the show. We start with Congressman Eli Crane. Congressman, just walk us through your we had Andy Biggs on today, the dean of the deficit hawks. And what we're trying to do is get our arms around this so we can make kind of a cohesive, coherent argument to the War room posse about where we're going to come out on this and where people need help. But our first cut of this is that we just don't see the I mean, they're asking for a $4 trillion debt ceiling hike that will take us through the midterm elections in 26 so end in November 26th. And we penciled this out is that we're going to have close to or maybe slightly over a $2 trillion deficit this fiscal year because we inherited Biden's bill and either didn't do the work or ran out of time or whatever. We just eventually accepted the whole thing. And next year, the one you guys are working on, we're penciling it out at over a $2 trillion deficit. So we're going to blow through the debt ceiling by at least the midterm elections will be at $40 trillion. This thing is projected, as Annie Big said, if we follow this for 10 years, this is 69 trillion. So we know you're a spending hawk. Where are you coming down on this at this stage? Is this massive, you know, the big beautiful bill works its way through the House, sir.
- [02:55]
Eli Crane
Well, Steve, thanks for having me on. I remember having a conversation with you early on in this Congress and I remember telling you something. I said you were pretty much going to see the same thing out of Washington, D.C. because the players haven't changed up here. You still have a lot of members of Congress and the Senate whose priorities aren't to save the country or to get us on a fiscal responsible track. Their priorities are to elevate themselves in the political arena, make sure that their donors get taken care of and make sure that they don't make any moves that put them in political hot water. I also told you that there was only one thing that had changed that could possibly move the fiscal needle back towards responsibility. And unfortunately, as I told you, that was President Trump making this a priority now, when I told you that, and I feel the same way today, I hate to put that on the president. I mean, he's got the world on his shoulders right now. He's done a great job on the border. He's putting out fires all over the world right now, in addition to negotiating all of our trade deals. But when you've seen the movie enough times, you know who the characters are, you know who motivates them, and you know what the plot is. And unfortunately, there's still not enough fiscal conservatives that are willing to put themselves in political hot water to actually have the tough conversations, make the tough decisions and take the tough votes that will put us back on a fiscally responsible track.
- [04:32]
Steve Bannon
So, okay, okay, you were with us in the hardest days of 21, 22. This, this, this, this, this audience, which is your audience, they love you. They love the fighters. You know, we bounded together. Trump is our hero. Fought and got President Trump back in there. We kind of were under the impression that the Trump movement brought people in there that actually believe some foundational elements of President what President Trump believes. And part of that is we got to get our fiscal house in order in order to do that. And I admit I'm all for raising the rates on the wealthy or taking away deductions, because I think they got to throw more in here because I don't think the math works. But put off the side, the fundamental thing we have to do is cut federal spending and do it smartly. Are you telling us you just don't think there's enough true Trump believers that are actually in the House at this time that we've changed the electorate to electorate to a working class and middle class. We're the party, the working in middle class now, the Democrats, the party, the elites. Yet we don't have elected officials that essentially believe the basic underpinnings of the Trump revolution. Sir.
- [05:44]
Eli Crane
That's exactly what I'm telling you, Steve. And when you look at some of the hot button issues up here in reconciliation, like you look at, you know, some of our colleagues from blue states like New York and California, and they're pushing, you know, for increases in salt, you know, tax deductions. You know, you've got, I think, 20 members of the House that have signed a letter saying they're unwilling to repeal the inflation Reduction act and all the green energy subsidies that went along with that. You got, obviously, you've got a big fight up here about Medicaid and, and reforming Medicaid. You know, that program has grown 50% in the last five years. I think there's close to 80 million people on Medicaid right now. And I know that this has been a hot button topic even on your show. But, you know, there are many of us that believe that we have to have cuts across the board on most of these programs, including the Department of Defense, which has been most. One of the most disappointing things that I've seen up here is that that's one program that's like this golden cow that can never be touched. But I want to bring you back to a couple months ago when I was on your show, I talked about how some of us at the beginning of this reconciliation process were advocating for a two bill structure. Okay? And one of the reasons.
- [07:06]
Steve Bannon
Amen, brother. And you had a, you, the war room was 1000% in back. You keep going, right?
- [07:12]
Eli Crane
One of the reasons we were advocating for that was for a couple different reasons. One, we wanted to get Tom Homan the money that he needed to carry out this huge deportation border security operation. And we didn't want that to drag out into the summer. We knew he was already operating at a deficit because Congress hadn't done the work to get him his money. But the other reason we wanted that, Steve, because we knew if we got into a one big beautiful bill situation, you know, basically any, any one of these factions that's fighting for, you know, don't, you know, don't touch Medicaid, don't reform Medicaid, you know, the salt increases or, you know, the IRA continuation could kill this bill. And I'll tell you, Steve, this town's not good at advocating for the American people or doing the right thing. But one thing they're very good at is, is putting elected officials, members of Congress in a very tight situation and applying a lot of political pressure. And I knew that's what was going to happen if we got into this one big, beautiful bill. And so at the end of the day, when you've got all these different factions fighting for what their priorities are and you've got all of these things that the American people need, like the continuation of the Trump tax cuts, border security, everything that the president has tax Pete Hegseth to do with the Department of Defense. We knew it was going to come. We knew it was going to turn into, you know, this, this bill that kind of resembles, in many ways, omnibuses, crs and it's just, it's going to be, it's going to have some great things in it, but it's also going to be loaded with a lot of things that, you know, the war room paucity and, you know, more conservative constituents in this country don't support. And that's, that's where we're at right now. And like I told you, there was only one thing that I saw that was going to change the trajectory, and that's if, you know, the president, you know, pulled the leadership from the House and the Senate in a room and said, hey, this is a priority, we're going to balance the budget, you're either going to come up with a plan on how you're going to do that, or I will find somebody that will. Because one of the only things that works in this town, Steve, is political force. And nobody has more political force than the President of the United States. You guys know that on your show. And it's one of the reasons why, you know, I told you that early on in this Congress that that's what I saw playing out.
- [09:46]
Steve Bannon
Ron Johnson, Ron Johnson is advocating right now. This afternoon before he came on, he's, he's advocating all day that we got to go to the two bill. They says whatever you guys are working with the House is just not going to pass in the Senate. And he's putting up the flare right now to say we don't want a total debacle, right, of having something that can't pass or takes out all summer and you're in the fall before you vote, you got to bifurcate that. Now, is there any appetite in the House to back Senator Johnson's play, sir?
- [10:17]
Eli Crane
I think there's appetite from a few of us, Steve, but Not, not the House as a whole and definitely not our leadership. Our leadership has wanted one big beautiful bill the entire time. They've been advocating it the entire time. And you know, Steve, I want to, I want to go back and I want to let the posse in on a, one of the most influential conversations, eye opening conversations that I've had in this Congress. Several of us from the House Freedom Caucus flew down to Florida probably about two and a half months ago. We were at a CPI event. You have many of the CPI folks on your show. That's the Conservative Partner Institute. We had an individual in there.
- [10:55]
Steve Bannon
He was a. That's, that's Jim for vox. That's Jim Dement. That's Jim Dement and Mark Meadows and they're one of the big groups like CRA, Heritage Project 25, America First Law, America First Policy. They're one of the big, they're one of the top five big hitters. Keep going.
- [11:08]
Eli Crane
Yes, sir. And there was an individual who was a Ph.D. in economics who worked in the Trump 1 administration. And like many of your viewers, Steve, I've always wondered what's the number? Is it, you know, $40 trillion, is it $45 trillion, is it $50 trillion that this House of cards finally collapses? And he told us in that meeting, he said, according to my modeling, which matches many of the other big models out there that are well respected around the world, we have about $17 trillion left in debt cap before we can no longer sell our bonds. He said if you guys extend the Trump tax cuts at the end of this year, that number goes down to $12 trillion. And he said so basically if you do the math and you're running $2 trillion deficits, you have about six years, provided that there are no wars, no huge natural disasters before we can't sell our bonds. And I know you talk about this all the time.
- [12:02]
Steve Bannon
Hold on, hold on. Full stop, full stop, full stop. We're breaking news right here. Dude. This is important. By the way, Kenneth Rogoth, we're going to try to get this book is unbelievable. He's the, he's the guy that thought up, wrote the classic this time it's totally different. That went through throughout history when governments in, in monarchies set when debt went over percentages of GDP like we are now. Every time the finance minister would tell the king, hey, this time is totally different. I got to handle this. Every one of them collapsed. Everyone. Rogoff's the guy from Harvard. Our dollar your problem. Another massive study that we're going to get into the rest week. I want you to repeat what you just said. Take started at the top and walk us back through that, because this is someone smart putting up a flare. And you got to pay attention to this. Give me. Give it to me again, Eli.
- [12:56]
Eli Crane
Yeah, Steve. So, you know, I've been a member of the War Room Posse for a long time. And one of the things you guys talk about on this show, which I wholeheartedly agree with, is that this model, this trajectory that we're on is unsustainable. But I did, I never knew what the number was. You know, I knew when I got into office, we were, you know, about 33, 34 trillion in debt. Now we're all the way up to 37 trillion in debt. And so I went down to a CPI conference with many members of the House Freedom Caucus about two and a half months ago, and I was listening to strategy and, you know, what moves we were going to try and make. And they had brought in a PhD in economics. I apologize, I can't remember the guy's name. I think his name was Paul something. He had worked in Trump's first administration. And he said, based on his modeling, which was consistent with a couple of the other models that are widely accepted and respected in the country, he said, we have $17 trillion left in debt cap, before we can no longer sell our. Before we can't sell our bonds anymore. And he said, if you guys extend the Trump tax cuts at the end of the year, that modeling shows that you now have 12 trillion left in debt cap. And so he said, you know, you do the math. You're running $2 trillion deficits. You have between five to seven years left, and that's provided that there's no new war or no natural disaster that takes place where we have to, you know, start spending more money. And that's just how dire the situation is. And that's why some of us feel like we're on the bridge of the Titanic, screaming that we're headed towards, you know, this iceberg. We're trying to turn this wheel, you know, to avoid hitting this iceberg. Okay?
- [14:39]
Steve Bannon
So, no, no, on the warning, knowing the warning on the deck, knowing the. But knowing the warning in the way that you and base can talk to people, that is a warning. We're asking for a $4 trillion lift to the cap. That takes us through. It's the old game. Take it through midterm election. Got it. Or general, Got it. But the numbers as exist today, this year because we accepted the original sin of this to take Biden's budget and because either didn't have time to do the work or more importantly, we couldn't make the tough calls. Let's be honest, this is what the political class has done to us. You add on top of this thing that you guys are working on, this monstrosity, which it is, it's going to blow through the we're going to be at 40 by, I think, Labor Day of 2026, which folks looks to me to be less than a year and a half away. We're going to be at $40 trillion, right, with a trillion and a half dollars of interest or more. And we're going to have to go through another debt ceiling release and we're on a ticket to $60 trillion. What Andy Biggs is telling us and the guys addressing you saying, hey, you're basically one third of the way there until you're essentially capped out and the world rejects you as the prime reserve currency. Your thoughts, Eli? Why can't knowing that, why can't we get a wake up call here and say, hey, we have to get back in the room and make some real cuts here before we really take on the tax cuts, which we need as a supply side. But get people in the room and say, hey, look, defense can't be a sacred cow. And where is Elon's fraud? Where's the fraud in Medicaid? Where's the fraud in the Defense Department? Where's the fraud in Social Security? Where is it? We need every penny. We need to go into the sofas and find every nickel and dime. So where is that sense of urgency? Because, Eli, I gotta be brutally frank with you. This is one of the reasons I came back from my beloved studios out west to be in the Imperial Capital. And folks know I don't love being here, but I'm here for a reason to seek to hammer through, help people hammer through this thing. And I don't get any sense of urgency except on anything related to a big donor. When it's a big donor, they'll carry their water and run around. When it's not related to a big donor, there's no sense of urgency, sir.
- [16:50]
Eli Crane
No, you're right, Steven. It goes back to what I said earlier. You know, I'm not good at a lot of things, but I'm pretty good at reading the room and watching people in this conference and what motivates them. And I told you and your audience that there's a lot of people up here. They want to be congressmen and senators so bad. That's their crowning achievement in life. And they're more concerned over taking the political easy road and as you talk about man and Jean, the decline of this country than they are and doing the right thing, having the tough conversation, taking the hard vote and putting themselves maybe in political jeopardy. Because you see what the left is doing right now, even as we talk about reform to some of these programs, I mean, they're raking us over the coals every day. And a lot of members can't handle that pressure and they're unwilling to make these hard choices, have these tough conversations that will put us back on a fiscally responsible track. It's hard to watch, Steve, but that's just the reality. And I'm not going to come on your show, Gaslight you guys any other way.
- [17:58]
Steve Bannon
Look, you're a man of deep faith and, and you're also a gunman. Part of that deep faith, I think, came for the fact that you, you answered your country's call and became a, became a frontline warrior in combat for us. So what are your thoughts? Where do we go? How. How do we sort this out? And how can Eli Crane be at the tip of the Speaker?
- [18:20]
Eli Crane
Well, I think there's a couple ways to sort it out. I mean, I love some of the things that, you know, you guys do on this show. This is an activist show. You know, you've got Grace Chong that developed that app called Bill Blaster where you guys can light up members of Congress and senators and, you know, let them know that we need to get serious about fiscal responsibility and this bill doesn't go far enough. You can also light us up about maybe going back to a two bill process, which I think is. Would be much healthier. You know, those are some of the things that you guys can do. But, you know, Steve, at the end of the day, I understand, you know, the, you know, the environment that I work in. I also understand that, like I told you in a private conversation several months ago, and you know, I just said on your show, I think the only way that this changes with the makeup of these two conferences is if the President of the United States makes it a priority and pulls leadership into a room and says we are going to make fiscal responsibility a priority. These are the numbers I want to see. Because he's got, you know, he's got great guys around him that, you know, like Russ Boat and others that understand the situation and have the political and physical courage to actually implement some of these changes. I honestly think that that's the only way this thing changes because there are a lot of members up here that don't have political backbones that were hoping that Elon Musk and Doge could come in and maybe give them some political backbone. And the only thing that really concerns them is holding onto their seat. And so if the president, who uses the bully pulpit better than anybody on the planet, was, you know, made this a priority and started lighting these folks up and telling leadership, this is, this is going to be a priority, we're going to do this. I think that's the only way that this changes.
- [20:27]
Steve Bannon
Eli, we're going to have you on obviously a lot during this process. Where do people go now to keep up to you with on social media and your website, everything you're working on.
- [20:39]
Eli Crane
Rep. Eli Crane's a good social media for me. Steve, I appreciate everything you guys do, man, and thanks for having me on your show.
- [20:47]
Steve Bannon
No, thanks for your any day we can have start in the morning with Andy Biggs and finish in the evening with Eli Crane is a good day in the war room, sir. Appreciate it. Incredible, incredible talent right there. You see the frustration of the Bigsis and the Cranes. We're gonna get Burchett from Tennessee on here in a moment. I will go to Spencer Morrison. Spencer, you're coming at it, but from a different angle. And I want your take on where we stand with the Chinese overall deal. You're the reassuring guy. You've been the tariffs guy and your list of recommendations to Secretary Besant and and to the President. You got the floor, sir.
- [21:31]
Spencer Morrison
Steve, thanks for having me on the program. I love coming on.
- [21:33]
Steve Bannon
War Room.
- [21:36]
Spencer Morrison
So this trade deal that we have right now, we have to note that it's not a final deal. What the president has done is he's paused the tariffs for 90 days to allow for more time to negotiate with China. So this isn't the final deal. But what's happened is the tariff rates have been lowered. So our tariff rate on China is now 30%. Tariffs in China have been lowered to 10%. Some goods have been exempted from the tariffs. For example, automobiles are not included. Steel, aluminum. So the tariffs are still higher.
- [22:09]
Steve Bannon
But hang on a second. It's because we still got the 20% tariffs from the first term. Right. So it's the 20 that Biden would never take off because you can't and never cause price inflation. Plus the 20 on fentanyl of which by the way, the guy said today and Scott Besson I think put the best face on it. They had the great side meeting in June. But he said, hey, fentanyl is an American problem. Screw them. And the 10 I'm at 50, am I 20 off? Is my calculation wrong and yours is right?
- [22:40]
Spencer Morrison
So my reading of the executive order is that the net tariff rates have been reduced to 30%. But that's not on all the goods. There's still higher tariffs on certain goods. So this doesn't affect everything. But the reality is, and this is the problem is that there's a pretty big price difference on a lot of products when you're manufacturing in China. And this is not because the Chinese are more efficient at producing goods. In fact, American workers are significantly more efficient at producing products per man hour than the Chinese. But the Chinese have all these other sort of non tariff barriers to entry to their market that lower the cost of their good. For example, the cost of raw materials in China, it's about 10 to 15% cheaper because they're subsidizing the cost of steel, they're subsidizing the cost of coal and then other raw materials that are going to their product power, energy, electricity, 61% cheaper in China. So if you're in energy intensive industries, there's big reason to offshore into China. And none of these issues, and this is my problem with the negotiations with China, none of these other externalized costs that make Chinese goods more competitive are being addressed. We're just dealing with sort of an apples to apples comparison of tariff rates. But it's bigger than tariff rates. I mean, think about the fact that China steals a minimum, a minimum of $250 billion worth of intellectual property and technology from America every year. That's not being addressed whatsoever. So I think it's great that Secretary Besant is working with the Chinese on some of these issues. But I'm very, very skeptical that China is actually going to come to the table. I mean, you have to remember China joined troidor organization in 2001 and they agreed that they were going to take care of all these issues over 20 years ago. And they haven't done a thing, they haven't listed a finger to help American businesses in 20 years. Americans can still not get into Chinese courts to protect their intellectual property rights. We saw recently with Apple when they said, hey, we're going to divest from China, move some of our factory to India. China says that's great, but we're keeping the equipment.
- [24:45]
Steve Bannon
Right?
- [24:46]
Spencer Morrison
It's like Hotel California. You can check out, you can check in, but you can never leave. This is the problem with China. So it's not just about tariffs. This goes to China's business culture and it really, it's a culture of theft and lying. China's in there industrializing one up on America.
- [25:03]
Steve Bannon
It's not the Chinese people, the Lao Beijing, it's run by a criminal gang called the Chinese Communist Party hangover section.
- [25:09]
Spencer Morrison
China's a mafia state.
- [25:10]
Steve Bannon
We're going to take mafia state. We're going to take a short break. Spencer Morrison is going to join us. The reshoring guru with the hit new book that's out. The congressman, the great congressman from Tennessee is going to join us here momentarily. Spencer's going to stick around. Also have a developing story on this situation with the CCP's partner south of the border. That would be the cartels. They just told us to put it where the sun don't shine today. The guy goes, fentanyl, that's an American problem. So that's why Secretary Bessant and Jameson, when they talked, they brought the other guy over in meaningful discussions. The CCP is tapping us along when it comes to fentanyl. They're running a second Opium War. The first Opium War was horrible. What the Brits did with the opium into China to kind of break China open and break Chinese culture and civilization, not a good thing. But the Chinese are quite smart. They took it and they're running it on us. Birchgold.com, this all ties back to the end of the dollar empire. This talks about the Chinese Communist Party, the thugs trying to take away most favored, take away the prime reserve currency. Not that we don't need to have a national conversation about that. And maybe the midterms of 28 is the time to have it. We're going to try to do it here every day. Birchgold.com Bannon with the seventh free installment, the Rio Reset, we're on the road to Rio. We're heading there. Well, actually, I think Philip Panning's name. Definitely. Maybe Dave, Brett if he's so lucky. I don't think. I think if Bannon went to Brazil, I'm not sure. Lula and those guys, Morales, I'm not sure. I'd probably be in the cell next to Bolsonaro. Short break. Back in a moment.
- [26:57]
Eli Crane
In America.
- [27:02]
Steve Bannon
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- [31:04]
Tim Burchett
War Room here's your host, Stephen K. Bannon.
- [31:10]
Steve Bannon
Okay, I've got, we've got Oscar Ramirez on the border. Get to him because he's in a danger zone. I got Spencer here breaking down what we need to reassure the jobs, which is one of the central parts of this trade war. We get back to you in a second. Congressman Tim Burchett from Tennessee, the Volunteer State, one of the railheads of the MAGA movement. So, Congressman, we had, we've had, we had Biggs on a deficit hog, have Eli Crane, who's kind of like saying, I don't know, I think we got to break the bill up into two people. Look to you as someone serious about all this. Where do we stand with the big beautiful bill? Where do we stand with the taxes? I mean, give us your guidance right now as we kind of get into it today.
- [31:50]
Tim Burchett
Well, thank you for having me back on, Steve. It's a real honor, as always. The I feel like the president, some people in Congress are not filling the president in on what's in all in the big beautiful bill. Some of the things that he has wanted taken out, you know, the windmills and all this crazy stuff. I feel like some of that's probably still in there or they're taking it out over the course of years and who knows who's going to be in the White House in eight years. I think that it's, it's classic Trump, though. He puts the idea out and then everybody thinks they're going to pull a fast one over on him. And then at the end he gets ticked off and finds out about it and, and takes them out behind the woodshed and cleans house And I think that's probably what's going to have to happen because I feel like some of it's out of control. I think the lobbyists, as always, have gotten us. And, you know, you were talking about those tariffs earlier. It all goes back to this. The reason the President didn't send the bill to Congress. You got a bunch of these arrogant congressmen that have been here for 20 or 30 years saying, oh, we should have been the ones to do that. Well, dad, Gamut, why didn't you do that? Why did you not stick it to the Chinese? And the reason they didn't do it, Steve, is cause they're compromised top to bottom. This town is owned by the communist Chinese. They. They're in our schools, they're in our college institutions. They have these Confucius Institutes in our colleges and all the. And.
- [33:23]
Steve Bannon
Slow down. You're dropping a bombshell. I happen to believe this, but you're talking about colleges, universities. You just said this town is compromised. The Chinese Communist Party owns it. Lock, stock and borrow. What do you mean about that?
- [33:37]
Tim Burchett
I mean, through the K Street lobbyist and others, they might not directly know who they're representing or they might not be asking, but dadgummit, they own them. This. Everything we do, we don't is built around that, is built around the Communist Chinese. We're chasing these dollars. I've talked to people in some of the top research institutes in our country, and what do they say? Oh, the Chinese Communists. I mean, the Chinese nationals or whoever that work for us, they're not in our secret areas or our highest research parts, but guess where they are. They're right next door. They talk about a meeting with several ranking engineers a couple of weeks ago. Had a nice lunch with them, and they told me, and it's the same thing over and over again. They are compromised. They know it, but they're chasing those dollars. And that's all. They don't care about our dadgum country. All they care about. They're just like the politicians in Washington. All they care about is getting reelected. Let's get through this next cycle. Let's pass this big, beautiful bill that probably has some things in there that we're not aware of, but. And then, you know, and just stay in power, and that's what it's all about.
- [34:54]
Steve Bannon
Are you saying. Are you. Hang on. Are you accusing American citizens that work at K Street as K Street lobbyists in these law firms? Are you saying essentially that they. And they may don't really know who the actual client is or they don't care. So they haven't done the due diligence that the interest of the Chinese Communist Party is infiltrating into bills and infiltrating into the big, beautiful bill to the detriment of the liberty of the American people, sir.
- [35:22]
Tim Burchett
That's why. That's why. Big business. Big business. I mean, look at everything you got. It's made in China. Why in the world do we have some of our top fighters, jets in the world? We've been told that they have computer chips that are only accessible by the ch, that we can only get through the Chinese. And it was told in several meetings that they were afraid that the Chinese could have the capabilities of turning some of these jets off. That's the kind of stuff that drives me crazy. And that is why Trump did not go to Congress to work on this tariff. He just hit China hard. And you're correct. Earlier you said that, or somebody said they steal our ip, our intellectual property. And the way they work it is we don't have access to their courts. They can come here and just, you know, our trial lawyers will jump on anything in this country. And then we have stuff manufactured over there and, you know, say, if you want to do business, China, you have to manufacture. So we do in good faith. And then we notice on Alibaba or some of these sites that somebody's equipment or machinery is being sold at maybe a third less than what they normally sell it for. And they get on the site and what's their equipment, but what are they doing? The Chinese are manufacturing it at night with their tooling. And they do this time and time again, and they rip us off and another couple more interests. I know I'm running out of time, but how in the world do the Communist Chinese own American farmland in this country? How do they control any. Any of our commodities? But they do. How do they own property near our military installations? And here's the one that bothers me the most that nobody's paying attention to. How do they run commissaries in our military institutions? And people say, oh, Burchett, they're just selling these guys gum or Coca Colas or something. No. Hell no. They have control of their. They. They see their credit cards. They know that, oh, that lieutenant, he flies this jet or. Or he's in charge of this mechanized group, or he's a naval officer with this group. And that's how the Chinese. All they do is collect data, Mr. Bannon, and you know that. And they put it in a file and they figure out, and they know where our military people are and what our capabilities are. That's what that stupid balloon was. It had really nothing to do. It was 1960s technology. They just wanted to see our response, they wanted to see our media response, they wanted to see our executive branch, and they wanted to see our political response.
- [38:02]
Steve Bannon
You're preaching the gospel. You're preaching the. You're preaching the gospel of the war room, which we said, they've been at war with us. This is why. And this is one of my concerns. Spencer's going to join us back here in a second. But if Trump took two years with, with Lighthizer, this after we broom Cohen and Mnuchin out of the way with their failed effort in the early part of the administration, Lighthizer, Jameson Greer, his grandoon or his wingman, and Navarro for two years negotiated the most brilliant deal ever with the Chinese Communist Party. With Lee, he, at that time vice premier, two years. It took care of all the original sins. After two years, in May of 2019, they ripped it up in our face and spit in our face and said, nah, it's not that. And next thing you know, they released the Wuhan virus, the pandemic, onto the military gains in August September 2019. But when you're. So you're preaching to the gospel, you're preaching the gospel of the word room. When you talk to your colleagues on Capitol Hill, do they think you're wearing a tinfoil hat?
- [39:00]
Tim Burchett
Yep, they do. And they laugh because they're getting fat. They're compromised. If Tim Burchett ever writes a book, which I will one day, it's going to be compromised. That'll be the title of it. And I'm going to tell you one other thing that'll explain to this whole deal how this works. I've had a bill up here for two years dealing with the Chinese. You know, these ancestry.com everybody wants to find out that their ancestors were a king or something over in Africa or England or somewhere, you know, and what we do is we sit, we. You take a swab, you swab your mouth, you send that genetic material off, and then what do they do? They analyze it. Well, the Chinese are buying this material up, and what are they doing with it? They're creating what's called a genome. Now, what they're doing with that genome is imagine this. Imagine the Chinese have the capabilities of creating a disease or a germ or a bug that just infects women in America of childbearing ages. That is what they're doing. We've been told that it's been released. That is how serious this thing is. And the reason I can't get the bill out. K Street lobbyists. The lobbyists don't like it. And how they compromised us. It's called. My bill is called the Genetic Privacy Act. Two years in a row I have tried to get this dadgum thing up and I can't. And the reason is they said the lobbyists don't like it and why don't. And the chairman don't particularly care. But here's the problem. You've got limited government. Limited. I'm throwing up the air quotes. Limited government. Republican chairman that have 30 or 40 or 50 staff members. Is there any way on God's green earth that they know what every one of them doing? That's where they're compromised. They come. They can get a chairman. That's why every bill that comes up here and I've started voting against these things. They become a study or we're going to get a report back to Congress. Steve. That last scene in Raiders of the Lost Ark when they show that warehouse where they put the.
- [41:04]
Steve Bannon
Yeah.
- [41:04]
Tim Burchett
The Ark of the Covenant. That's where all. And, and that's. And, and, and so what they. Do you have a. And I've heard chairman say this. Matt Gates and I used to talk about this all the time. Chairman will say I can't pass that because my staff doesn't agree with it. Who elected the dadgum staff. But that's where the compromise lies. And these lobbyists know it. They get the money from whoever it gets. It's Chinese obviously. But they don't even know it. They don't care. It's just cash. It's greed and it's uncontrolled.
- [41:38]
Steve Bannon
Congressman. We got to bounce. But we're going to have you back on this topic. And I love the idea of the book compromise. Where do people go to get your social media? And thank you for coming on. We see you on CNN now. We made you a star. We see on CNN all the time and msnbc. You become like a Mark Twain type folks cultural figure. But we're so glad you came back to your roots here in the war room. Where do people go on your social media?
- [42:00]
Tim Burchett
Sir? Twitter. Tim Burchett. I'm on Instagram. All the young people know all that stuff. I don't know what it's all on. I've got somebody helping with it now. And we're blowing up. But it's because of you. Steve. I Every time out in Anywhere now I'm travel a little more throughout the country and people say, dad, gum, I wish you'd get back on Steve Bannon. And so I'm glad I'm back with you, brother. Thank you for what you do. God bless you.
- [42:24]
Steve Bannon
We, we love you, Congressman. We'll get you back on here. Thank you, sir.
- [42:28]
Tim Burchett
Thank you, brother.
- [42:29]
Steve Bannon
Let me get Spencer. I say let me go to, I'm going to go to Oscar Blue Ramirez. Oscar. To talk about the compromise. The Chinese Communist Party, I think vice premier today said, hey, we hear what happened in Geneva. It's all great. Fentanyl's an American problem. You're down in the middle of this. The partners of the Chinese Communist Party, you just heard Burchett say they've compromised all of Capitol Hill. One of the reasons I think we ain't taking the war to them. The town is flooded with CCP influencers. What's happening down there right now, sir?
- [43:03]
Oscar Blue Ramirez
The violence has been increasing. Steve, thank you for the invitation. The violence has been increasing. Just yesterday, a mayor was assassinated down south in a state of Veracruz, Mexico. Political candidate, Mayor. Just remember, everybody, in the year 2024, more than 37 political candidates were assassinated. And again, we are increasing. This is because the Trump effect. The Trump has secured the border. Human trafficking, it is not a market to the cartels. So the cartels have pivoted back into what is their number one agenda. That is internal violence, internal warfare, and also the trying to distribute enormous synthetic crossing to the northern border just when Donald Trump just came into office, Steve. And when President Schoenbaum started feeling the pressure about Donald Trump. 758 laboratories have been dismantled of fentanyl and also a methamphetamine. And more than 13,000 aggressors have been arrested. This is the pressure that it has been putting. But also the violence keeps increasing and increasing and increasing in the northern parts, borders with the United States and also the central parts of the country, Steve.
- [44:04]
Steve Bannon
But Oscar Sheinbaum told Trump, I don't need military assistance. I mean, we have, I think 10,000 combat troops down the border. And since Trump sealed the border, they're essentially down there to drop the hammer on the, on the cartels, get us up to speed on what's happening there.
- [44:21]
Oscar Blue Ramirez
Well, it's all political. You know, it comes to the Constitution of Mexico that it says that no foreign military can enter the country. But it's up in her decision. If she wants to make it happen, she can make it happen and let you know, letting the military to Come in and completely eradicate and eliminate this problem. We have said it so many times before, Steve. This is not a problem of just Kim Pinks and drug lords. This is the problem of the real cartel. That is practically the dirty politicians that they hold the spider web, the ones that they have the million dollar accounts and the ones that they move these kingpins and drawers like chess pieces and they put somebody else in position. Again, this is the real cartel, the ones that need to get exposed and the one that needs to be eliminated. That is the number one problem. Why she doesn't want to categorize them as terrorists and why she doesn't want the US Military to enter the country of Mexico because she knows that it's all corruption, is all profitable and it is a million dollar, multimillion dollar business.
- [45:14]
Steve Bannon
Do you see this violence blowing back over into the United States on this side of the border? Or is that, will that happen when we actually start taking military action Now?
- [45:25]
Oscar Blue Ramirez
Good question that you asked. You know, just yesterday, 17 members of El Chapo Guzman family surrender themselves and deliver themselves to the dea, to the authorities of the United States of America. What tells you that? It tells you that, you know, the Chapo Guzman that is collaborating with, possibly with information to the United States government that, you know, no administration in history has had this power to find out, you know, solutions and to find out information on what the cartels and the corrupt government in Mexico has had. They have in Chapo Guzman their power. They have El Mayo Zambada. But also with these 17 family members of El Chapozman delivering themselves to the authorities of the United States, it is possibly going to create a war in the central parts because the opposition cartel is going to feel that they are vulnerable and that they can take power over that. So, you know, there is a lot of fighting also. There's a lot of interior fighting. And this, we knew that this was going to increase because of the pressure of Trump.
- [46:21]
Steve Bannon
Oscar, get back with you more on the weekend. I think we couldn't show that. I don't think that the footage you show, some of it was too violent. Where do people go to keep up with you? And you got to stay safe on this. Now that they put it back in our face, hey, fentanyl is an American problem. Fine. We know that and we're going to deal with it. Oscar, where do people get you on your social media?
- [46:39]
Oscar Blue Ramirez
Sir, thank you for having me. And also, real quick, I just wanted to say the government of the United States just revoked the visa of the governor of Baja this is the first time that the government of the United States has revoked the visa of a governor of Mexico. And they did it because of, you know, substantial evidence of illicit money in bank accounts like bank of America and Wells Fargo. This has been an international news. Also. She has openly. We went to the press conference yesterday and she said that this was a crime against women, believe it or not. So you know, the United States is under investigation of suspending and revoking their visa. And thank you for the invitation, sir. You can find me in Oscar Pula Ramirez all around also Real America's voice to you, sir.
- [47:21]
Steve Bannon
Thank you, Oscar. Thank you. Thank you so much. Appreciate you, sir.
- [47:26]
Oscar Blue Ramirez
Thank you so much, sir.
- [47:27]
Steve Bannon
Birchcold.com the Rio reset the Chinese Communist Party is also coming to take down the dollar. Understand why? The Rio reset July 6 this is the road to Rio with our team at Birch Gold. They're going to be there in Rio. We're actually going to send our own correspondent. Probably be Dave Brat because Steve Bannon not only can't get in the country, if I went in the country, I'd be in the jail cell next to Bolsonaro. The rio reset burchgold.com Bannon make sure you go check out 7th free installment the Rio Reset. Get it today. Also Jim Rickards Amazing hit today with Jim Rickards on the Show Rickards war room.com that's the landing page. You get access to strategic intelligence. It's written for chairman and CEO C Suites. You guys are up to speed on it. You'll absolutely love it. Go check it out. He throws in a free book too. Money ChatGPT so go check it out today. Spencer Morrison I'm gonna have you back on in the next couple days just listening to Burchett. Do you agree? Do you think one of the reasons we got this reshoring problem and there's all kinds of influence are the K Street lobbyists in your mind working for our enemies? And this is one of the reasons such a heavy lift to get the factories that they sent over to China back here to the United States.
- [48:41]
Spencer Morrison
Sir, Congressman Burchett is 100% right. He's 100% right. China is flush with cash. They're flush with cash because of the trade deficit. And he asked a good question. How is China buying up all of this farmland? How are they buying up all of these houses? I'm going to tell you why. Because when we have a trade deficit with China and we have a $300 billion a year trade deficit, we still have to pay for those goods. Right? We have to pay for it. And there's only two ways to pay for it. If you're not trading goods and services for goods and services, you've got to pay for it by selling assets like farmland, like real estate, corporate shares, or you have to sell debt. So this is a really big. This is a really big problem is that China is flush with $300 billion a year that they're using to buy up American farmland. They're using it to buy up American residential real estate. You wonder why housing prices are going up. It's because Chinese are buying investment properties in all the major American cities. And then on top of that, they're buying up corporate shares. You know, the amount of foreign ownership of Wall street is now up to 17%. China and friends own 17% of all of the corporations in America, all of the shares of these corporations. And they're using that as a vector to steal intellectual property because they're getting their operatives in the companies. It's not even really theft because they bought the company and then they're just pillaging the technology and then they're dumping the shares after they get the tech. So this is one of the games that China plays.
- [50:06]
Steve Bannon
My number, 600 billion a year. But part of that's industrial espionage, theft. The others, they force us to give it up. When you got, we want to get access to the country, got to do a joint venture and put the intellectual property in.
- [50:14]
Spencer Morrison
I was just talking about the trade deficit. The IP is on top of that.
- [50:19]
Steve Bannon
The trade deficit, by the way, $25 trillion, 18 trillion alone is CCP. And of course they tell us, oh, it's just a bookkeeping thing. It's just a bookkeeping account. It's B.S. spencer.
- [50:30]
Spencer Morrison
Where do they go to get the book?
- [50:31]
Steve Bannon
Where they go to get your social media, sir.
- [50:34]
Spencer Morrison
All right, you can find me on Substack and on Xeal sp Morrison. The book is available on Amazon and at Calamo Press. We've got a beautiful second edition coming out. It's going to be great quality. We've got a great forward by Greg Delaney. We're really looking forward to it.
- [50:51]
Steve Bannon
By the way, the reason they're doing a second printing is the first one sold out because of the war Room. Thank you, people. Love you, Spencer. Keep fighting. Look forward to having.
- [50:58]
Spencer Morrison
God bless you. God bless you and God bless the war room posse.
- [51:01]
Steve Bannon
Steve. Wow, what a show. Because of this audience. That's what people. Eli Crane, Spencer Morrison, Tim Burchett dropping bombs. And of course, the brave Oscar Blue Ramirez down there in his fentanyl war. Amazing, amazing shows today. We will be back at 10:00am Eastern Daylight Time tomorrow morning when we'll be in the worm. I thank our sponsors, particularly Birch Gold, the Rio Reset. Want to get a quick and dirty to understand what's going on, text Bannon B A N N O N at 989-898. Get the ultimate guide. It's free on investing in gold and precious metals in the Age of Trump. We will see you back here Tomorrow morning at 10:00am Eastern Daylight Time when you will be in the Word. You missed the IRS tax deadline. You think it's just going to go away? Well, think again. The IRS doesn't mess around and they're applying pressure like we haven't seen seen in years. So if you haven't filed in a while, even if you can't pay, don't wait and don't face the IRS alone. You need the trusted experts by your side. Tax Network USA Tax Network USA isn't like other tax relief companies. They have an edge, a preferred direct line to the irs. They know which agents to talk to and which ones to avoid. They use smart, aggressive strategies to settle your tax problems quickly and in your favor. Whether you owe $10,000 or $10 million, Tax Network USA has helped resolve over $1 billion in tax debt and they can help you too. Don't wait on this. It's only going to get worse. Call Tax Network USA right now. It's free. Talk with one of their strategists and put your IRS troubles behind you. Put it behind you today. Call Tax Network USA at 1-800-958-1000. That's 800-958-1000 or visit Tax Network USA tnusa.com Bannon do it today. Do not let this thing get ahead of you. Do it today.
- [53:28]
Eli Crane
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